Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo 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
DORRANCE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6263 NORTH SCOTTSDALE ROAD STE 33
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SCOTTSDALE, AZ85250
A Employer identification number

86-0691863
B Telephone number (see instructions)

(480) 367-7000
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$59,784,024J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I 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 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 1,900,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 38,124 38,124  
4 Dividends and interest from securities... 927,527 927,527  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,212,818
b Gross sales price for all assets on line 6a 11,216,878
7 Capital gain net income (from Part IV, line 2)... 6,212,818
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)....... Click to see attachment 644,259 -25,993 640,000
12 Total. Add lines 1 through 11........ 9,722,728 7,152,476 640,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 202,000 0 0 202,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 11,355 0 0 11,355
16a Legal fees (attach schedule)......... Click to see attachment 3,135 1,568 0 1,567
b Accounting fees (attach schedule)....... Click to see attachment 7,075 3,537 0 3,538
c Other professional fees (attach schedule).... Click to see attachment 163,425 161,543 0 1,882
17 Interest............... 40,358 40,358 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 57,569 24,705 0 12,624
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,234 0 0 5,234
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,235 0 0 18,235
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 508,386 231,711 0 256,435
25 Contributions, gifts, grants paid....... 4,172,000 4,172,000
26 Total expenses and disbursements. Add lines 24 and 25 4,680,386 231,711 0 4,428,435
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,042,342
b Net investment income (if negative, enter -0-) 6,920,765
c Adjusted net income (if negative, enter -0-)... 640,000
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,473,726 1,810,648 1,810,648
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,773,626 Click to see attachment15,539,497 15,539,497
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,015,578 Click to see attachment42,433,879 42,433,879
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,262,930 59,784,024 59,784,024
Liabilities 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)...... 15,883 7,493
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 15,883 7,493
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 55,247,047 59,776,531
29 Total net assets or fund balances (see instructions)..... 55,247,047 59,776,531
30 Total liabilities and net assets/fund balances (see instructions). 55,262,930 59,784,024
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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) ...............
1
55,247,047
2
Enter amount from Part I, line 27a .....................
2
5,042,342
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
563
4
Add lines 1, 2, and 3 ..........................
4
60,289,952
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
513,421
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
59,776,531
Form 990-PF (2020)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c DFE ALTERNATIVE INVESTMENTS, LLC P    
d DFE ALTERNATIVE INVESTMENTS, LLC P    
e DFE ASSET MANAGEMENT, LLC P    
DFE ASSET MANAGEMENT, LLC P    
DFE PRIVATE EQUITY INVESTMENTS, LLC P    
YORK CREDIT OPPORTUNITIES INVESTMENT P    
HARVEST INSURANCE INVESTMENT P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,880,434   1,843,090 37,344
b 8,406,175   2,067,002 6,339,173
c 220,103     220,103
d     115,797 -115,797
e     198,419 -198,419
230,233     230,233
37,729     37,729
418,708   750,000 -331,292
23,496   29,752 -6,256
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       37,344
b       6,339,173
c       220,103
d       -115,797
e       -198,419
      230,233
      37,729
      -331,292
      -6,256
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,212,818
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 ................... 		Bracket 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
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 96,199
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 96,199
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 96,199
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 35,852
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 120,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 155,852
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 59,653
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet59,653 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
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
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
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?................
    6
    Yes
     
    7
    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..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAZ
    b
    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 .Click to see attachment
    8b
     
    No
    9
    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 .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    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 .............
    11
     
    No
    12
    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.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.DORRANCEFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletBENNETT DORRANCE Telephone no.bullet (480) 367-7000

    Located atbullet6263 NORTH SCOTTSDALE ROAD SUITE330SCOTTSDALEAZ ZIP+4bullet85250
    15
    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
    15
     
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletCA
    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
    No
    1a
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    b
    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 ........
    1b
     
    No
    ........bullet
    c
    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?.............
    1c
     
    No
    2
    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)):
    a
    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?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    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.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    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.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    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?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    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 ......
    5b
     
     
    .........bullet
    c
    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?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    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? .................
    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-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BENNETT DORRANCE PRESIDENT
    2.00     		0 0 0
    6263 NORTH SCOTTSDALE ROAD STE 330
    SCOTTSDALE,AZ85250
    JACQUELYNN W DORRANCE SECRETARY
    2.00     		0 0 0
    6263 NORTH SCOTTSDALE ROAD STE 330
    SCOTTSDALE,AZ85250
    BENNETT DORRANCE JR VICE PRESIDENT
    2.00     		0 0 0
    6263 NORTH SCOTTSDALE ROAD STE 330
    SCOTTSDALE,AZ85250
    ASHLEY DORRANCE KAPLAN TREASURER
    2.00     		0 0 0
    6263 NORTH SCOTTSDALE ROAD STE 330
    SCOTTSDALE,AZ85250
    CARRIE OSTROSKI EXECUTIVE DIRECTOR
    40.00     		202,000 12,954 0
    6263 NORTH SCOTTSDALE ROAD STE 330
    SCOTTSDALE,AZ85250
    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...................bullet 0
    Form 990-PF (2020)
    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
    DFE ALTERNATIVE INVESTMENTS LLC MANAGEMENT FEES 104,104
    6263 NORTH SCOTTSDALE ROAD STE 330
    SCOTTSDALE,AZ85250
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    49,736,232
    b
    Average of monthly cash balances.......................
    1b
    4,805,313
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    54,541,545
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    54,541,545
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    818,123
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    53,723,422
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,686,171
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,686,171
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    96,199
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    6,144
    c
    Add lines 2a and 2b............................
    2c
    102,343
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,583,828
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,583,828
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,583,828
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,428,435
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,428,435
    5
    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.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,428,435
    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)
    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 2,583,828
    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...... 4,521,923
    b From 2016...... 5,452,920
    c From 2017...... 6,224,652
    d From 2018...... 1,852,679
    e From 2019...... 1,868,817
    fTotal of lines 3a through e........ 19,920,991
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,428,435
    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..... 2,583,828
    e Remaining amount distributed out of corpus 1,844,607
    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 21,765,598
    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) ...     		4,521,923
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		17,243,675
    10 Analysis of line 9:
    a Excess from 2016.... 5,452,920
    b Excess from 2017.... 6,224,652
    c Excess from 2018.... 1,852,679
    d Excess from 2019.... 1,868,817
    e Excess from 2020.... 1,844,607
    Form 990-PF (2020)
    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 section or
    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
             
    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).)
    BENNETT DORRANCE
    JACQUELYNN W DORRANCE
    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
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    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)
    aPaid during the year
    AMERICAN BIRD CONSERVANCY
    4249 LOUDOUN AVE
    THE PLAINS,VA20198     		N/A PC TO SUPPORT RESTORING ECOSYSTEMS AND ADDRESSING AVIAN DISEASE IN HAWAII 75,000
    ANGEL FLIGHT WEST
    3161 DONALD DOUGLAS LOOP SOUTH
    SANTA MONICA,CA90405     		N/A PC TO SUPPORT GENERAL OPERATIONS, GAP SUPPORT FOR STAFF AND OPERATIONS IN RESPONSE TO COVID-19 15,000
    ARIZONA STATE UNIVERSITY FOUNDATION
    PO BOX 2260
    TEMPE,AZ85280     		N/A PC TO SUPPORT THE DORRANCE HAWAII INNOVATION FUND, EDUCATION AND CONSERVATION 1,650,000
    BABY2BABY
    5830 W JEFFERSON BLVD
    LOS ANGELES,CA90016     		N/A PC TO SUPPORT GENERAL OPERATIONS 10,000
    BALLET ARIZONA
    3645 EAST INDIAN SCHOOL ROAD
    PHOENIX,AZ85018     		N/A PC TO SUPPORT BE OUR BRIDGE CAMPAIGN 10,000
    BANNER ALZHEIMER'S FOUNDATION
    2901 N CENTRAL AVENUE SUITE 160
    PHOENIX,AZ85012     		N/A PC TO SUPPORT FAMILY & COMMUNITY SERVICES CAREGIVER SUPPORT PROGRAM 10,000
    BANNER HEALTH FOUNDATION
    2901 N CENTRAL AVENUE SUITE 160
    PHOENIX,AZ85012     		N/A PC TO SUPPORT "SUPPORT OUR STAFF" FUND 10,000
    BANNER HEALTH FOUNDATION
    2901 N CENTRAL AVENUE SUITE 160
    PHOENIX,AZ85012     		N/A PC TO SUPPORT GENERAL OPERATIONS 20,000
    BIODIVERSITY FUNDERS GROUP
    PO BOX 29361
    SAN FRANCISCO,CA94129     		N/A PC TO SUPPORT BIODIVERSITY FUNDERS GROUP 7,500
    BOYS & GIRLS CLUB OF THE BIG ISLAND
    100 KAMAKAHONU STREET
    HILO,HI96720     		N/A PC TO SUPPORT THE MILOLI'I COMMUNITY, PROVIDING FOR FOOD AND MEALS 2,500
    BRENTWOOD SCHOOLS
    100 S BARRINGTON PL
    LOS ANGELES,CA90049     		N/A PC TO SUPPORT BRENTWOOD FUND - ANNUAL GIVING CAMPAIGN 25,000
    BRENTWOOD SCHOOLS
    100 S BARRINGTON PL
    LOS ANGELES,CA90049     		N/A PC TO SUPPORT MIDDLE SCHOOL CAMPUS AND EDUCATION MASTER PLAN CAPITAL PROJECT 166,667
    CALIFORNIA COMMUNITY FOUNDATION
    221 S FIGUEROA ST STE 400
    LOS ANGELES,CA90012     		N/A PC TO SUPPORT COVID-19 LA COUNTY RESPONSE FUND FOR EDUCATION RESPONSE NEEDS 15,000
    CALIFORNIA COMMUNITY FOUNDATION
    221 S FIGUEROA ST STE 400
    LOS ANGELES,CA90012     		N/A PC TO SUPPORT FUNDING FOR THE LAUSD STUDENTS MOST IN NEED, DISASTER RELIEF DUE TO COVID-19, MEALS AND ONLINE EDUCATION RESOURCES FOR KIDS IN THE LOS ANGELES SCHOOL DISTRICT IN NEED. 25,000
    CHRISTIAN CENTER OF PARK CITY
    1283 DEER VALLEY DRIVE
    PARK CITY,UT84060     		N/A PC TO SUPPORT GENERAL OPERATIONS 25,000
    CRAYON COLLECTION
    149 S BARRINGTON AVE 649
    LOS ANGELES,CA90049     		N/A PC TO SUPPORT DIGITAL COMMUNICATIONS MANAGER & ADMIN COORDINATOR SALARY 34,000
    CRAYON COLLECTION
    149 S BARRINGTON AVE 649
    LOS ANGELES,CA90049     		N/A PC TO SUPPORT GENERAL OPERATIONS 50,000
    FIVE MOUNTAINS RURAL CLINIC DBA KIPUKA O KE OLA
    64-1035 HAWAII BELT RD STE F
    WAIMEA,HI96743     		N/A PC TO SUPPORT STAFFING LEVELS DURING COVID-19 CRISIS 2,500
    FOOTHILL FAMILY
    2500 EAST FOOTHILL BLVD STE 300
    PASADENA,CA91107     		N/A PC TO SUPPORT GENERAL OPERATIONS IN RESPONSE TO COVID-19 20,000
    GILBERT HIGH SCHOOL TIGER BASEBALL BOOSTER CLUB
    1101 E ELLIOT RD
    GILBERT,AZ85234     		N/A PC TO SUPPORT THE PURCHASE OF A SCOREBOARD 2,500
    GLACIER NATIONAL PARK CONSERVANCY
    PO BOX 2749
    COLUMBIA FALLS,MT59912     		N/A PC TO SUPPORT GENERAL OPERATIONS 2,500
    GRAND CANYON CONSERVANCY
    4 TONTO ST
    GRAND CANYON VILLAGE,AZ86023     		N/A PC TO SUPPORT GENERAL OPERATIONS 2,500
    HABITAT FOR HUMANITY - HAWAII ISLAND
    73-4161 ULU WINI PLACE BAY 1
    KAILUAKONA,HI96740     		N/A PC TO SUPPORT GENERAL OPERATIONS 2,500
    HAWAII COMMUNITY FOUNDATION
    2241 W VINEYARD ST
    WAILUKU,HI96793     		N/A PC TO SUPPORT ENVIRONMENTAL FUNDERS GROUP 12,500
    HAWAII COMMUNITY FOUNDATION
    2241 W VINEYARD ST
    WAILUKU,HI96793     		N/A PC TO SUPPORT KUKIO COMMUNITY FUND 10,000
    HAWAII FOREST INSTITUTE
    PO BOX 66
    OOKALA,HI96774     		N/A PC TO SUPPORT KEAUHOU BIRD CONSERVATION DISCOVERY FOREST 20,000
    HAWAII INSTITUTE OF PACIFIC AGRICULTURE
    53-378 PRATT RD
    KAPAAU,HI96755     		N/A PC TO SUPPORT WORK FORCE DEVELOPMENT AND ADDITIONAL INTERNS 7,000
    HAWAII INSTITUTE OF PACIFIC AGRICULTURE
    53-378 PRATT RD
    KAPAAU,HI96755     		N/A PC TO SUPPORT GENERAL OPERATIONS 35,000
    HAWAII ISLAND HUMANE SOCIETY
    74-5225 QUEEN KAAHUMANU HWY
    KAILUA KONA,HI96740     		N/A PC TO SUPPORT GENERAL OPERATIONS 10,000
    HAWAII ISLAND LAND TRUST
    126 QUEEN ST STE 306
    HONOLULU,HI96813     		N/A PC TO SUPPORT CAPACITY AND OPERATIONS TO LAUNCH MAHUKONA PROJECT 25,000
    HAWAII PUBLIC RADIO
    738 KAHEKA STREET
    HONOLULU,HI96814     		N/A PC TO SUPPORT GENERAL OPERATIONS 500
    HAWAII WILDFIRE MANAGEMENT ORGANIZATION
    65-1279 KAWAIHAE RD STE 211
    WAIMEA,HI96743     		N/A PC TO SUPPORT GENERAL OPERATIONS 2,500
    HAWAII WILDLIFE CENTER
    PO BOX 551752
    KAPAUA,HI96755     		N/A PC TO SUPPORT GENERAL OPERATIONS 56,000
    HEROES TO HEROES FOUNDATION
    PO BOX 741577
    BOYNTON BEACH,FL33474     		N/A PC TO SUPPORT GENERAL OPERATIONS 500
    HONORHEALTH FOUNDATION
    8125 N HAYDEN RD
    SCOTTSDALE,AZ85258     		N/A PC TO SUPPORT HONOR HEALTH EMPLOYEE CRISIS THOMPSON PEAK HOSPITAL EMERGENCY FUND 25,000
    ISLAMIC RELIEF USA
    PO BOX 22250
    ALEXANDRIA,VA22304     		N/A PC TO SUPPORT ISLAMIC RELIEF USA, FOR HUMANITARIAN RELIEF EFFORTS IN YEMEN 250
    KAHILU THEATRE FOUNDATION
    PO BOX 549
    KAMUELA,HI96743     		N/A PC TO SUPPORT FUNDING TO CONTRACT WITH A FACILITATOR AND TRAINER 5,000
    KAHUA PAA MUA
    PO BOX 896
    KAPAAU,HI96755     		N/A PC TO SUPPORT OHANA AGRICULTURAL RESILIENCE PROJECT 21,500
    KAILAPA COMMUNITY ASSOCIATION
    61-4016 KAI OPAE PL
    WAIMEA,HI96743     		N/A PC TO SUPPORT STEWARDSHIP OF MAUKA LAND AND COMMUNITY EFFORTS 5,000
    KAMUELA PHILHARMONIC ORCHESTRA
    PO BOX 2597
    KAMUELA,HI96743     		N/A PC TO SUPPORT UNDERWRITING THE CONCERTO COMPETITION AND CONCERT 25,000
    KAWAIHAE CANOE CLUB
    PO BOX 3079
    KAILUAKONA,HI96745     		N/A PC TO SUPPORT THE PURCHASE OF AN ADDITIONAL SET OF WHEELS 1,000
    KISSIDUGU FOUNDATION
    PO BOX 263
    HAWI,HI96719     		N/A PC TO SUPPORT THE SUMMER ARTS PROGRAM 5,500
    KOHALA INSTITUTE
    53-580 IOLE RD
    KAPAAU,HI96755     		N/A PC TO SUPPORT GENERAL OPERATIONS FOR DIRECT PROGRAMS AND ASSOCIATED ADMINISTRATIVE NEEDS 18,800
    KOKOLULU FARM AND CANCER RETREATS INC
    53-3476 AKANI PULE HWY
    HAWI,HI96719     		N/A PC TO SUPPORT GENERAL OPERATIONS 2,500
    LHADRIMA FOUNDATION
    3510 CATALPA WAY
    BOULDER,CO80304     		N/A PC TO SUPPORT GRACE LEARNING CENTER ART INSTALLATION AT THE KOHALA INSTITUTE 30,000
    LOCAL FIRST ARIZONA FOUNDATION
    407 E ROOSEVELT STREET
    PHOENIX,AZ85004     		N/A PC TO SUPPORT SMALL LOCAL BUSINESS, IN HONOR OF SUSAN BANSAK 10,000
    MARINE MAMMAL CENTER
    2000 BUNKER ROAD FORT CRONKHITE
    SAUSALITO,CA94965     		N/A PC TO SUPPORT HAWAII ISLAND OCEAN CONSERVATION EDUCATION TO PROTECT HAWAIIAN MONK SEALS 20,000
    MAUI POPS ORCHESTRA
    95 MAHALANI ST ROOM 6
    WAILUKU,HI96793     		N/A PC TO SUPPORT GENERAL OPERATIONS 2,500
    MINI THERAPY HORSES
    26500 AGOURA ROAD SUITE 102-460
    CALABASAS,CA91302     		N/A PC TO SUPPORT GENERAL OPERATIONS 5,200
    MISS FOUNDATION
    77 E THOMAS ROAD STE 112
    PHOENIX,AZ85012     		N/A PC TO SUPPORT SELAH HOUSE RESPITE CENTER AND CAREFARM OPERATIONS 5,000
    NA KALAI WA'A
    64-1032 MAMALAHOA HWY 311
    WAIMEA,HI96743     		N/A PC TO SUPPORT MAKALI'I VOYAGING AND MAHUKONA 5,000
    NATIONAL DISASTER SEARCH DOG FOUNDATION
    501 E OJAI AVENUE
    OJAI,CA93023     		N/A PC TO SUPPORT GENERAL OPERATIONS 25,000
    NORTH KOHALA COMMUNITY RESOURCE CENTER
    PO BOX 519
    HAWI,HI96719     		N/A PC TO SUPPORT GENERAL OPERATIONS 15,000
    NORTH KOHALA COMMUNITY RESOURCE CENTER
    PO BOX 519
    HAWI,HI96719     		N/A PC TO SUPPORT NKCRC EAT LOCALLY GROWN, FEED KOHALA PROJECT 50,000
    NORTH KOHALA COMMUNITY RESOURCE CENTER
    PO BOX 519
    HAWI,HI96719     		N/A PC TO SUPPORT WASTE STREAM PROJECT 4,700
    NORTH KOHALA COMMUNITY RESOURCE CENTER
    PO BOX 519
    HAWI,HI96719     		N/A PC TO SUPPORT GENERAL OPERATIONS RELATED TO COVID-19 RAPID-RESPONSE RESOURCES 2,500
    NOTMYKID
    5230 EAST SHEA BOULEVARD
    SCOTTSDALE,AZ85254     		N/A PC TO SUPPORT GENERAL OPERATIONS 35,000
    OCEAN DEFENDERS ALLIANCE
    8812 ANCHORAGE DR
    HUNTINGTON BEACH,CA92646     		N/A PC TO SUPPORT MARINE DEBRIS REMOVAL IN HAWAII AND CALIFORNIA 35,000
    OCEAN DEFENDERS ALLIANCE
    8812 ANCHORAGE DR
    HUNTINGTON BEACH,CA92646     		N/A PC TO SUPPORT GENERAL OPERATIONS 35,000
    PAA PONO MILOLII
    PO BOX 7715
    HILO,HI96720     		N/A PC TO SUPPORT MEALS FOR KIDS IN MILOLI'I 5,000
    PALO VERDE VOLUNTEER FIRE DEPARTMENT
    PO BOX 1381
    REDWAY,CA95560     		N/A PC TO SUPPORT GENERAL OPERATIONS 20,000
    PARKER SCHOOL
    65-1224 LINDSEY ROAD
    KAMUELA,HI96743     		N/A PC TO SUPPORT GENERAL OPERATIONS, IN HONOR OF ORION DORRANCE 2,500
    RUSTY'S ANIMAL SANCTUARY
    PO BOX 74031
    PHOENIX,AZ85087     		N/A PC TO SUPPORT GENERAL OPERATIONS, IN HONOR OF THE BANSAK FAMILY AND THEIR BELOVED MARLEY 10,000
    SALVATION ARMY
    2707 E VAN BUREN ST
    PHOENIX,AZ85008     		N/A PC TO SUPPORT GENERAL OPERATIONS 10,000
    SEQUOIA PARKS CONSERVANCY
    47050 GENERALS HWY UNIT 10
    THREE RIVERS,CA93271     		N/A PC TO SUPPORT COVID-19 STAFF SUPPORT AND STAFF FUNDING 50,000
    SEQUOIA PARKS CONSERVANCY
    47050 GENERALS HWY UNIT 10
    THREE RIVERS,CA93271     		N/A PC TO SUPPORT RECOVERING ENDANGERED FROGS AND NATIVE WILDLIFE IN HIGH ELEVATION LAKES 250,000
    SEVEN ARROWS ELEMENTARY
    15332 ANTIOCH ST PMB 313
    PACIFIC PALISADES,CA90272     		N/A PC TO SUPPORT GENERAL OPERATIONS, GAP SUPPORT FOR STAFF AND OPERATIONS IN RESPONSE TO COVID-19 5,000
    SEVEN ARROWS ELEMENTARY
    15332 ANTIOCH ST PMB 313
    PACIFIC PALISADES,CA90272     		N/A PC TO SUPPORT GENERAL OPERATIONS 63,633
    SEVEN ARROWS INC
    1812 STANFORD ST
    SANTA MONICA,CA90404     		N/A PC TO SUPPORT LITTLE DOLPHINS BY THE SEA, GAP SUPPORT FOR STAFF AND OPERATIONS IN RESPONSE TO COVID-19 5,000
    SEVEN ARROWS INC
    1812 STANFORD ST
    SANTA MONICA,CA90404     		N/A PC TO SUPPORT LITTLE DOLPHINS BY THE SEA, GENERAL OPERATIONS 5,000
    SIERRA FOOTHILL CONSERVANCY
    PO BOX 691
    MARIPOSA,CA95338     		N/A PC TO SUPPORT COVID-19-STAFF SUPPORT AND STAFF FUNDING 15,000
    SIERRA FOOTHILL CONSERVANCY
    PO BOX 691
    MARIPOSA,CA95338     		N/A PC TO SUPPORT BEAN MEADOW WILDLIFE HABITAT ENHANCEMENT PROJECT PHASE II 250,000
    SIERRA FOREST LEGACY
    PO BOX 377
    COLOMA,CA95613     		N/A PC TO SUPPORT WILDFIRE PREVENTION AND ANIMAL HABITAT RESTORATION 70,000
    SOLDIER'S BEST FRIEND
    PO BOX 6242
    GLENDALE,AZ85312     		N/A PC TO SUPPORT VETERINARY CARE OF THE VETERANS SUPPORT DOGS 7,500
    SAINT JOHN'S HEALTH CENTER FOUNDATION
    2121 SANTA MONICA BLVD
    SANTA MONICA,CA90404     		N/A PC TO SUPPORT COVID-19 DECONTAMINATION UNIT 5,000
    ST LAWRENCE UNIVERSITY
    23 ROMODA DRIVE
    CANTON,NY13617     		N/A PC TO SUPPORT FEDERAL CHALLENGE PROGRAM 5,000
    TGEN
    445 N FIFTH STREET
    PHOENIX,AZ85004     		N/A PC TO SUPPORT PRESIDENT'S RESEARCH FUND 25,000
    THE FOOD BASKET
    40 HOLOMUA STREET
    HILO,HI96720     		N/A PC TO SUPPORT GENERAL OPERATIONS FOR HAWAII ISLAND-WIDE FOOD SECURITY EFFORTS 2,500
    THE NATURE CONSERVANCY
    7600 NORTH 15TH STREET
    PHOENIX,AZ85020     		N/A PC TO SUPPORT UPPER SAN PEDRO RIVER AQUIFER PROJECT 10,000
    THE TRUST FOR PUBLIC LAND - HAWAII
    1003 BISHOP STREET PAUAHI TOWER STE
    740
    HONOLULU,HI96813     		N/A PC TO SUPPORT PRESERVING THE KA'U COAST 22,000
    UNIVERSITY OF ARIZONA FOUNDATION
    1111 N CHERRY AVENUE
    TUCSON,AZ85721     		N/A PC TO SUPPORT POETRY CENTER GENERAL OPERATIONS 5,000
    UNIVERSITY OF MONTANA FOUNDATION
    950 ARTHUR AVE
    MISSOULA,MT59812     		N/A PC TO SUPPORT THE FLATHEAD MONITORING & RESEARCH FUND 5,000
    VENICE FAMILY CLINIC
    604 ROSE AVE
    VENICE,CA90291     		N/A PC TO SUPPORT COVID-19 RESPONSE NEEDS AND GENERAL OPERATIONS 75,000
    VENICE FAMILY CLINIC
    604 ROSE AVE
    VENICE,CA90291     		N/A PC TO SUPPORT GENERAL OPERATIONS 40,000
    VIBRANT HAWAII
    200 KANOELEHUA AVENUE PMB 366
    HILO,HI96720     		N/A PC TO SUPPORT CAPACITY FOR RESILIENCE HUBS 10,000
    WAIMEA COUNTRY SCHOOL
    65-1237 KAWAIHAE RD
    WAIMEA,HI96743     		N/A PC TO SUPPORT GENERAL OPERATIONS 2,500
    WAIMEA HAWAIIAN HOMESTEADER'S ASSOCIATION INC
    PO BOX 126
    KAMUELA,HI96743     		N/A PC TO SUPPORT EMERGENCY FARMER AND AG FUNDING - FEEDING THE COMMUNITY IN RESPONSE TO COVID-19 19,500
    WE THE PROTESTERS
    30 EAST 125TH STREET 132
    NEW YORK,NY10035     		N/A PC TO SUPPORT CAMPAIGN ZERO 250
    WHISPERING HOPE RANCH FOUNDATION
    7405 E MONTE CRISTO AVE
    SCOTTSDALE,AZ85260     		N/A PC TO SUPPORT GENERAL OPERATIONS 20,000
    WORLD WILDLIFE FUND
    PO BOX 97180
    WASHINGTON,DC20090     		N/A PC TO SUPPORT ANIMAL RELIEF IN AUSTRALIA 5,000
    WORLD WILDLIFE FUND US
    PO BOX 97180
    WASHINGTON,DC20090     		N/A PC TO SUPPORT WWF AUSTRALIA FOR ANIMAL RELIEF WORK IN RESPONSE TO BUSH FIRES 20,000
    YALE VETERAN'S ASSOCIATION
    24 LORRAINE DR
    WOODBRIDGE,CT06525     		N/A PC TO SUPPORT GENERAL OPERATIONS 5,000
    YOSEMITE FOUNDATION
    101 MONTGOMERY STREET SUITE 1700
    SAN FRANCISCO,CA94104     		N/A PC TO SUPPORT RECOVERING YOSEMITE'S IMPERILED AMPHIBIANS 375,000
    Total .................................bullet 3a 4,172,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    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
    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 38,124  
    4 Dividends and interest from securities....     14 927,527  
    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 6,212,818  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME FROM PARTNERSHIP INTERESTS     		900099 30,252 14 -25,993  
    bGRANT REPAYMENT 900099   01   640,000
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 30,252 7,152,476 640,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,822,728
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		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.)
    11B A GRANT PAID PRUSUANT TO THE ORGANIZATION'S EXEMPT PURPOSE WAS REFUNDED. THE FUNDS WILL BE USED TO FUTHER CONTRIBUTE TO THE ACCOMPLISHMENT OF THE FOUNDATION'S EXEMPT PURPOSE.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    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
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    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
    2a
    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? ...........
    b
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    DORRANCE FAMILY FOUNDATION
     
    Employer identification number

    86-0691863
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    DORRANCE FAMILY FOUNDATION
          		Employer identification number
    86-0691863
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BENNETT DORRANCE
     
    6263 NORTH SCOTTSDALE ROAD SUITE 33
     
    SCOTTSDALE, AZ85250

    		$ 1,900,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    DORRANCE FAMILY FOUNDATION
          		Employer identification number

    86-0691863
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    DORRANCE FAMILY FOUNDATION
          		Employer identification number

    86-0691863
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,075 3,537 0 3,538

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Statement:
    THE ARIZONA DEPARTMENT OF REVENUE DOES NOT REQUIRE A COPY OF FORM 990-PF TO BE FILED.

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CITIGROUP GLOBAL MARKETS, INC 15,539,497 15,539,497

    TY 2020 InvestmentsOtherSchedule2
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DFE ASSET MANAGEMENT, LLC FMV 12,283,333 12,283,333
    DFE ALTERNATIVE INVESTMENTS, LLC FMV 29,243,125 29,243,125
    THE LYME FOREST FUND III TE, LP FMV 336,139 336,139
    DFE PRIVATE EQUITY INVESTMENTS, LLC FMV 571,282 571,282

    TY 2020 LegalFeesSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 3,135 1,568 0 1,567


    TY 2020 OtherDecreasesSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Description Amount
    UNREALIZED LOSSES ON INVESTMENTS 506,891
    NON-DEDUCTIBLE EXPENSES FROM PASSTHROUGH 6,530


    TY 2020 OtherExpensesSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 14,108 0 0 14,108
    DUES & MEMBERSHIPS 2,378 0 0 2,378
    MISCELLANEOUS 1,749 0 0 1,749


    TY 2020 OtherIncomeSchedule2
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PARTNERSHIP INTERESTS 4,259 -25,993 0
    GRANT REPAYMENT 640,000   640,000


    TY 2020 OtherIncreasesSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Description Amount
    TAX EXEMPT INCOME 563


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 163,425 161,543 0 1,882


    TY 2020 TaxesSchedule
    Name:
    DORRANCE FAMILY FOUNDATION
    EIN:
    86-0691863
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 20,240 0 0 0
    FOREIGN TAXES 24,645 24,645 0 0
    PAYROLL TAXES 12,624 0 0 12,624
    STATE TAX 60 60 0 0