TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
THE MARSHALL R MATLEY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)100 W LIBERTY ST STE 890
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RENO, NV89501

A Employer identification number

88-0364211

B Telephone number (see instructions)

(775) 686-5400

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$3,623,162J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	544		544
4	Dividends and interest from securities...	62,798		60,709
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-39,282
b	Gross sales price for all assets on line 6a 1,781,193
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	24,060		61,253
13	Compensation of officers, directors, trustees, etc.	79,545		27,286	52,259
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,865	2,865	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		3,863	671	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,598	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	87,871		30,822	52,259
25	Contributions, gifts, grants paid.......	269,280			269,280
26	Total expenses and disbursements. Add lines 24 and 25	357,151		30,822	321,539
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-333,091
b	Net investment income (if negative, enter -0-)			30,431
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	106,563	163,035	163,035
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	182,796	194,952	196,196
	b	Investments—corporate stock (attach schedule).......	1,165,092	1,416,062	2,123,141
	c	Investments—corporate bonds (attach schedule).......	512,337	402,929	428,732
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,147,706	604,425	712,058
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,114,494	2,781,403	3,623,162
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	10,000	10,000
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	3,104,494	2,771,403
	29	Total net assets or fund balances (see instructions).....	3,114,494	2,781,403
	30	Total liabilities and net assets/fund balances (see instructions).	3,114,494	2,781,403

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

3,114,494

Enter amount from Part I, line 27a .....................

-333,091

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

2,781,403

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,781,403

Form 990-PF (2020)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	PUBLICLY TRADED SECURITIES - WHITTIER TRUST CO - 003823
b	PUBLICLY TRADED SECURITIES - WHITTIER TRUST CO - 773823
c	PUBLICLY TRADED SECURITIES - WHITTIER TRUST CO - 823823
d	PUBLICLY TRADED SECURITIES - WHITTIER TRUST CO - 843823
e	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	659,445	802,781	-143,336
b	454,977	438,786	16,191
c	355,961	344,000	11,961
d	310,709	234,908	75,801
e	101		101

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-143,336
b			16,191
c			11,961
d			75,801
e			101

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-39,282
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	423
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	423
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	423
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	2,250
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	2,250
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,827
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax1,827	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WHITTIER TRUST COMPANY OF NEVADA Telephone no. bullet

(775) 686-5400

Located at bullet

100 W LIBERTY ST STE 890RENONV ZIP+4 bullet

89501

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
ERNEST J MAUPIN	CO-TRUSTEE 2.00	14,980
4785 CAUGHLIN PARKWAY RENO,NV89519	CO-TRUSTEE 2.00	14,980
DANIEL J KLAICH	CO-TRUSTEE 2.00	18,309
5270 NEIL ROAD RENO,NV89502	CO-TRUSTEE 2.00	18,309
THE WHITTIER TRUST COMPANY OF NEVAD	CO-TRUSTEE 2.00	46,256
100 W LIBERTY STREET SUITE 890 RENO,NV89501	CO-TRUSTEE 2.00	46,256

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

3,168,218

Average of monthly cash balances.......................

109,005

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

3,277,223

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,277,223

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

49,158

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,228,065

Minimum investment return. Enter 5% of line 5..................

161,403

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

161,403

Tax on investment income for 2020 from Part VI, line 5......

423

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

423

Distributable amount before adjustments. Subtract line 2c from line 1............

160,980

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

160,980

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

160,980

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

321,539

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

321,539

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

321,539

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					160,980
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	150,676
b From 2016......	119,999
c From 2017......	171,983
d From 2018......	162,761
e From 2019......	142,524
fTotal of lines 3a through e........		747,943
4Qualifying distributions for 2020 from Part
XII, line 4: $ 321,539
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					160,980
e Remaining amount distributed out of corpus		160,559
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		908,502
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		150,676
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		757,826
10 Analysis of line 9:
a Excess from 2016....	119,999
b Excess from 2017....	171,983
c Excess from 2018....	162,761
d Excess from 2019....	142,524
e Excess from 2020....	160,559

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

THE MARSHALL R MATLEY FOUNDATION
100 W LIBERTY ST STE 890
RENO,NV89501
(775) 686-5400

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS SHOULD CONTAIN INFORMATION EXPLAINING HOW FUNDS WOULD BE USED, AND IF RELEVENT, THE BENEFITS PROVIDED TO THE MENTALLY HANDICAPPED BY THE ORGANIZATION

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE APPLICANT MUST BE A PUBLIC CHARITY OR A GOVERNMENTAL ENTITY, AND SHOULD HAVE AS ITS OBJECTIVE THE MEDICAL CARE, SUPPORT, ASSISTANCE, GUIDANCE AND EDUCATION OF HANDICAPPED CHILDREN AND ADULTS, WITH EMPHASIS GIVEN TO THE NEEDS OF MENTALLY HANDICAPPED CHILDREN

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMPLIFY LIFE P O BOX 7178 RENO,NV89510	NONE	PC	TO PROVIDE 12 FAMILIES THE OPPORTUNITY TO ATTEND FALL FAMILY CAMP AT GRIZZLY CREEK RANCH	30,280
ARTS FOR ALL NEVADA 250 COURT STREET RENO,NV89501	NONE	PC	TO SUPPORT THE ART WORKSHOPS IN WASHOE SELF-CONTAINED SPECIAL EDUCATION CLASSROOMS.	5,000
BOYS AND GIRLS CLUB OF TRUCKEE MEADOWS 2680 EAST NINTH STREET RENO,NV89512	NONE	PC	TO FIND WAYS FOR KIDS WITH DISABILITIES TO PARTICIPATE IN CLUB ACTIVITIES	10,000
CARE CHEST OF SIERRA NEVADA 7910 NORTH VIRGINIA STREET RENO,NV89506	NONE	PC	TO SUPPORT MEDICAL RESOURCE PROGRAMS	10,000
CENTER FOR ADAPTIVE RIDING 550 WEST PLUMB LANE SUITE B 137 RENO,NV89509	NONE	PC	TO SUPPORT ONE MONTH EQUINE-ASSISTED ACTIVITIES AND THERAPY PROGRAMMING FOR PEOPLE WITH DISABILITIES	8,000
DOWN SYNDROME NETWORK OF NORTHERN NEVADA 1301 CORDONE AVENUE SUITE 114 RENO,NV89502	NONE	PC	TO RECOVER REPLACEMENT COSTS OF STOLEN ITEMS AND SUPPORT INDIVIDUALS WITH DOWNS SYNDROME	2,000
EAGLE VALLEY CHILDREN'S HOME 2300 EAGLE VALLEY RANCH RD CARSON CITY,NV89703	NONE	PC	TO SUPPORT 1,000 HOURS OF RESPITE CARE	20,000
GUINN CENTER 3281 HIGHLAND DRIVE SUITE 810 LAS VEGAS,NV89109	NONE	PC	TO ADVANCE INTEGRATED EMPLOYMENT AND WAGE PARITY	12,500
HSIWARC 555 REACTOR WAY RENO,NV89502	NONE	PC	TO OFFER ASSESSMENT OF SKILLS AND KNOW-HOW (ASK)	20,000
MARVIN PICCOLO SCHOOL 900 FOOTHILL DRIVE RENO,NV89511	NONE	GOV	TO SUPPORT THE THERAPEUTIC HORSEBACK RIDING PROGRAM	8,000
MIRACLE FLIGHTS 5740 SOUTH EASTERN AVENUE 240 LAS VEGAS,NV89119	NONE	PC	TO SUPPORT LIFE SAVING MISSION OF PROVIDING FREE COMMERICAL AIR FLIGHTS TO FAMILIES IN NEED OF SPECIALIZED CARE	4,000
NATIONAL ALLIANCE ON MENTAL ILLNESS 3100 MILL STREET SUITE 210-B RENO,NV89502	NONE	PC	TO SUPPORT PEER COMMUNITY SUPPORT PROGRAM TO REDUCE SOCIAL ISOLATION AND ITS CONSEQUENCES	5,000
RYAN'S CASE FOR SMILES OF NORTHERN NEVADA 2332 NAPOLI DRIVE SPARKS,NV89434	NONE	PC	TO SUPPORT HELPING KIDS FEEL BETTER TO HEAL BETTER	2,000
SIERRA KIDS FOUNDATION 348 MILL ST RENO,NV89501	NONE	PC	TO HELP FAMILIES AFFORD CRUCIAL PROGRAMS	7,500
SIERRA NEVADA JOURNEYS 190 EAST LIBERTY STREET RENO,NV89501	NONE	PC	TO FUND GRIZZLY GREEK RANCH CAPITAL CAMPAIGN	100,000
SKY TAVERN JUNIOR SKI PROGRAM 21130 MT ROSE HIGHWAY RENO,NV89511	NONE	PC	TO FUND SKY TAVERN'S NEW MAGIC CARPET	20,000
UNIVERSITY OF NEVADA RENO COLLEGE OF EDUCATION MAIL STOP 0278 1664 N VIRGINIA ST RENO,NV89557	NONE	PC	TO SUPPORT THE DISTINGUISHED SCHOLAR IN SPECIAL EDUCATION	5,000
Total ................................. 3a				269,280

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	544
4 Dividends and interest from securities....			14	62,798
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	-39,282
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		24,060	0

13Total. Add line 12, columns (b), (d), and (e)..................

24,060

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

THE MARSHALL R MATLEY FOUNDATION

EIN:

88-0364211

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EIDE BAILLY LLP	2,865	2,865		0

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

THE MARSHALL R MATLEY FOUNDATION

EIN:

88-0364211

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK AMER CORP MTNF 4.000	40,833	44,947
BANK AMER CORP MTNF 3.875	20,698	22,796
CITIGROUP INC PRFD 5.900	52,338	52,525
DIGNITY HEALTH DEC 3.812	10,599	10,890
EVERSOURCE ENERGY NOTE 3.350	19,952	22,276
FIRST UN CORP SDEB 7.574	12,487	13,170
FORD MOTOR CREDIT CO LLC NOTE 4.687	14,364	15,994
GENERAL ELECTRIC CAPITAL COR MTNF 4.350	15,011	16,791
GENERAL MOTORS FINC CO INC NOTE 4.250	10,459	10,778
GOLDMAN SACHS GROUP INC NOTE 5.950	33,421	37,816
GOLDMAN SACHS GROUP INC NOTE 2.905	14,869	15,580
OCCIDENTAL PETE CORP NOTE 3.400	15,238	14,301
ROYAL BK OF SCOTLAND PLC NOTE 6.125	10,552	10,998
SANTANDER HOLDING USA INC NOTE 3.500	10,015	10,803
TEVA PHARMACEUTICAL FIN IV B NOTE 3.650	9,901	10,125
WACHOVIA CORP NOTE 6.605	11,873	12,502
WELLS FARGO CO MTN BE MTNF 3.450	10,080	10,597
BANK AMER CORP MTNF 2.456	26,404	26,651
BOEING CO NOTE 4.875	27,414	28,498
GOLDMAN SACHS GROUP INC NOTE 3.272	10,390	10,954
SOUTHWEST AIRLS CO NOTE 5.125	26,031	29,740

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

THE MARSHALL R MATLEY FOUNDATION

EIN:

88-0364211

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	11,184	9,788
ABBOTT LABS	15,687	21,460
ACCENTURE PLC IRELAND	10,824	17,501
ADOBE SYSTEM INC	11,213	19,005
AES CORP	10,490	13,935
ALPHABET INC CL C	47,897	73,579
AMAZON COM INC	48,705	97,708
AMERICAN ELEC PWR INC	5,623	5,746
AMPHENOL CORP NEW	6,629	9,285
ANTHEM, INC	15,643	17,339
APPLE COMPUTER INC	35,843	110,133
APTIV PLC	7,964	12,638
ASML HOLDING N V	6,646	12,193
AT&T INC	5,559	5,349
BERKSHIRE HATHAWAY INC DEL	21,577	25,274
BLACKROCK INC	5,067	8,658
BLACKSTONE GROUP INC	8,110	11,212
BROADCOM INC	12,557	18,828
CHEVRON CORP	16,853	11,654
CITIGROUP INC PFD K	16,239	19,092
CITIGROUP INC	16,410	17,080
COMCAST CORP	12,018	16,401
COSTCO WHSL CORP NEW	6,284	10,927
CVS CORP	6,385	8,333
DANAHER CORP DEL	8,572	15,328
DISNEY WALT CO	19,691	31,344
EATON CORP PLC	11,902	18,381
FACEBOOK INC	20,566	33,326
FORTIVE CORP	14,294	15,155
GILEAD SCIENCES INC	8,304	7,749
GOLDMAN SACHS GROUP INC	9,340	12,922
HONEYWELL INTL INC	22,398	31,267
IQVIA HLDGS	8,495	10,929
JOHNSON & JOHNSON	18,104	20,617
JP MORGAN CHASE & CO	30,304	37,486
KINDER MORGAN INC DEL	8,807	6,589
LAUDER ESTEE COS INC	4,664	7,986
LINDE PLC	13,546	21,344
MARSH & MCLENNAN COS INC	10,244	12,402
MERCK & CO INC NEW	20,171	20,450
MICROSOFT CORP	45,889	92,527
MONDELEZ INTL INC	10,068	12,571
MORGAN STANLEY 1/1000TH	8,376	8,550
NIKE INC	21,410	35,509
NORFOLK SOUTHERN CORP	24,970	33,265
NVIDIA CORP	16,401	33,421
PEPSICO INC	14,368	18,389
PFIZER INC	10,024	9,423
PHILIP MORRIS INTL INC	9,982	9,521
PROCTER & GAMBLE CO	12,186	17,114
RAYTHEON CO	8,091	7,509
SALESFORCE COM INC	5,906	8,456
SERVICENOW INC	6,304	14,862
SHERWIN WILLIAMS CO	11,187	19,843
TEXAS INSTRS INC	7,649	11,981
THERMO FISHER SCIENTIFIC INC	13,694	25,152
TJX COS INC	21,667	28,682
TYSON FOODS INC	3,530	3,544
UNITEDHEALTH GROUP INC	11,847	17,534
VALERO ENERGY CORP NEW	14,773	12,332
VERIZON COMMUNICATIONS	7,183	7,520
VISA INC	43,371	64,744
CME GROUP INC	9,106	8,738
CONOCOPHILLIPS	7,667	7,798
FIRST REP BK SAN FRANCISCO	7,179	10,579
INTUIT	7,741	8,357
O REILLY AUTOMOTIVE INC NEW	6,668	8,599
S & P GLOBAL INC	9,010	10,519
STARBUCKS CORP	19,987	29,740
TRUIST FINL CORP	11,057	14,714
CADENCE DESIGN SYSTEMS INC	5,512	10,369
KEYSIGHT TECHNOLOGIES INC	6,891	9,775
UNITED RENTALS INC	6,595	12,523
FIRST REP BK SAN FRANCISCO	10,144	15,868
RENAISSANCE HOLDINGS LTD	4,298	4,643
STERIS PLC	9,761	14,026
ALTERYX INC	3,722	4,628
AVANTOR INC	6,571	8,952
BROWN & BROWN INC	3,866	5,025
COPART INC	13,202	23,669
DOMINOS PIZZA INC	14,389	18,023
EAST-WEST BANCORP INC	5,587	7,961
FACTSET RESH SYS INC	4,215	5,320
GENTEX CORP	6,819	9,297
GRACO INC	11,263	18,232
HENRY JACK & ASSOC INC	18,720	19,601
MONGODB INC CL A	10,064	31,955
OLD DOMINION FGHT LINES INC	18,405	30,838
RPM INTL INC	3,944	5,991
SVB FINL GROUP	10,410	27,148
SIGNATURE BK NEW YORK NY	3,169	4,465
WEST PHARMACEUTICAL SVSC INC	8,593	17,282
HELEN OF TROY LTD	2,340	3,999
ICHOR HOLDINGS	2,945	3,859
ASPEN TECHNOLOGY INC	6,177	8,596
BANK OF HAWAII CORP	5,562	6,819
BOOT BARN HLDGS INC	4,082	9,019
BRIGHT HORIZONS FAM SOL	11,697	16,607
CABLE ONE INC	5,797	6,683
CHARLES RIV LABS INTL INC	6,550	7,496
CURTISS WRIGHT CORP	5,689	7,097
EAGLE MATERIALS INC	5,829	9,730
FAIR ISAAC CORP	6,970	8,177
FOX FACTORY HLDG CORP	3,956	8,351
GRAPHIC PACKAGING HLDG CO	6,550	8,775
GUIDEWIRE SOFTWARE INC	6,846	11,328
HOULIHAN LOKEY INC CL A	3,737	4,235
J & J SNACK FOODS CORP	7,915	9,478
MERITAGE HOMES CORP	4,422	3,561
MONARCH CASINO & RESORT INC	4,262	11,142
MONOLITHIC PWR SYS INC	19,570	43,948
NIC INC	3,952	5,993
OLLIES BARGAIN OUTLT HLDGS	10,271	19,052
OSHKOSH CORP	2,797	4,045
OTTER TAIL CORP	4,988	5,326
PENNYMAC MTG INV TR	2,828	3,465
PLANET FITNESS INC CL A	7,195	10,791
PORTLAND GEN ELEC CO	7,670	6,929
PROGRESS SOFTWARE CORP	4,249	6,101
RLI CORP	10,145	13,956
RBC BEARINGS	10,707	15,935
SPS COMMERCE INC	4,004	4,018
SIMPSON MANUFACTURING CO INC	9,797	13,550
SYNOVUS FINL CORP	4,405	7,089
TELEDYNE TECHNOLOGIES INC	12,019	16,855
TOPBUILD CORP	4,282	10,124
WD-40 CO	11,617	17,535

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

THE MARSHALL R MATLEY FOUNDATION

EIN:

88-0364211

US Government Securities - End of Year Book Value:

119,224

US Government Securities - End of Year Fair Market Value:

119,698

State & Local Government Securities - End of Year Book Value:

75,728

State & Local Government Securities - End of Year Fair Market Value:

76,498

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

THE MARSHALL R MATLEY FOUNDATION

EIN:

88-0364211

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMERICAN TOWER CORP	AT COST	16,187	19,977
DOUBLELINE FDS TR	AT COST	40,000	40,879
ISHARES INC CORE MSCI EMKT	AT COST	156,099	196,046
ISHARES TR CORE MSCI EAFE	AT COST	83,408	96,726
PIMCO FDS INCOME FD INSTL	AT COST	40,000	40,468
SPDR SERIES TRUST S&P BIOTECH	AT COST	7,714	12,529
VANGUARD INDEX FUNDS S&P 500 ETF	AT COST	60,134	63,583
ISHARES TR LEHMAN AGGREGATE BONDS	AT COST	38,518	38,412
PIMCO ETF TR ENHAN SHRT MAT	AT COST	38,098	38,265
ISHARES RUSSELL 2000 VALUE	AT COST	59,866	65,480
SPDR SERIES TRUST S&P BIOTECH	AT COST	29,652	57,579
ALEXANDRIA REAL ESTATE EQ	AT COST	7,453	9,267
CORESITE RLTY CORP	AT COST	11,101	13,280
RETAIL OPPORTUNITY INVTS CORP	AT COST	3,666	4,030
SIMON PPTY GROUP INC NEW	AT COST	6,920	8,699
SUN CMNTYS INC	AT COST	5,609	6,838

- TIN:

TY 2020 OtherExpensesSchedule

Name:

THE MARSHALL R MATLEY FOUNDATION

EIN:

88-0364211

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISCELLANEOUS	1,598	0		0

- TIN:

TY 2020 TaxesSchedule

Name:

THE MARSHALL R MATLEY FOUNDATION

EIN:

88-0364211

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAX	3,192	0		0
FOREIGN TAX	671	671		0