Form990-PF
Click to see attachment

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
The June Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)4221 Wilshire Blvd 390
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Los Angeles, CA90010
A Employer identification number

95-4745292
B Telephone number (see instructions)

(323) 648-3292
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$18,021,375J 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) 757,396
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 139,133 139,133  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -244,285
b Gross sales price for all assets on line 6a 5,150,765
7 Capital gain net income (from Part IV, line 2)...  
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 -120,718 -111,720  
12 Total. Add lines 1 through 11........ 531,526 27,413  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 295,000 147,500   147,500
14 Other employee salaries and wages...... 86,334 43,167   43,167
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 49,690 24,845   24,845
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,010 12,005   12,005
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 19,502 9,751   9,751
21 Travel, conferences, and meetings....... 2,354 1,177   1,177
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 176,511 132,684   43,827
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 653,401 371,129   282,272
25 Contributions, gifts, grants paid....... 533,350 533,350
26 Total expenses and disbursements. Add lines 24 and 25 1,186,751 371,129   815,622
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -655,225
b Net investment income (if negative, enter -0-) 0
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 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......... 1,054,056 1,567,434 1,567,434
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) bullet8,039,571
Less: allowance for doubtful accounts bullet   6,617,419 Click to see attachment8,039,571 8,039,571
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)....... 1,789,847 Click to see attachment2,984,088 2,984,088
c Investments—corporate bonds (attach schedule)....... 4,006,449 Click to see attachment1,845,757 1,845,757
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,483,889 Click to see attachment4,153,491 3,584,525
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   390,548    
15 Other assets (describe bullet)   Click to see attachment2  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,342,208 18,590,343 18,021,375
Liabilities 17 Accounts payable and accrued expenses..........   5,045
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 2,949,856 Click to see attachment2,949,856
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 2,949,856 2,954,901
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 15,392,352 15,635,442
29 Total net assets or fund balances (see instructions)..... 15,392,352 15,635,442
30 Total liabilities and net assets/fund balances (see instructions). 18,342,208 18,590,343
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
15,392,352
2
Enter amount from Part I, line 27a .....................
2
-655,225
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
898,315
4
Add lines 1, 2, and 3 ..........................
4
15,635,442
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,635,442
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 12318.731 DFA US CORE EQUITY I, DFEOX, XXX-XX-XXXX P 2020-01-16 2020-04-09
b 18414.13 DFA US CORE EQUITY I, DFEOX, XXX-XX-XXXX P 2020-02-18 2020-04-09
c 15794.301 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-03-18 2020-01-16
d 252.485 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-08-30 2020-01-16
e 243.124 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-09-30 2020-01-16
242.538 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-10-31 2020-01-16
236.941 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-11-29 2020-01-16
265.351 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-12-31 2020-01-16
16401.679 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-02-22 2020-02-18
800.714 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-03-18 2020-02-18
186.621 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-09-14 2020-02-18
135.196 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2020-02-28 2020-04-14
135.196 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2020-02-28 2020-04-23
15710.637 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-03-18 2020-01-16
202.331 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-09-27 2020-01-16
206.539 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-10-30 2020-01-16
205.92 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-11-27 2020-01-16
213.534 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-12-18 2020-01-16
13834.112 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-02-22 2020-02-18
3452.865 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-03-18 2020-02-18
67.51 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-06-29 2020-12-18
67.647 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-07-30 2020-12-18
65.863 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-08-28 2020-12-18
64.781 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-09-29 2020-12-18
58.311 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-10-30 2020-12-18
58.242 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-11-30 2020-12-18
14585.415 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-12-07 2020-12-18
74.628 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2020-12-18 2020-12-18
8320.293 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U829 P 2019-02-22 2020-01-16
9071.108 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U830 P 2019-03-18 2020-01-16
290.917 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U831 P 2019-06-07 2020-01-16
10458.591 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U832 P 2019-03-18 2020-02-18
3.808 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U833 P 2019-04-10 2020-02-18
174.056 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U834 P 2019-04-10 2020-02-18
155.65 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U835 P 2019-06-22 2020-02-18
111.309 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U836 P 2019-07-02 2020-04-14
186.692 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U837 P 2019-09-30 2020-04-14
193.737 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U838 P 2019-10-31 2020-04-14
183.817 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U840 P 2019-11-29 2020-04-14
7428.177 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U841 P 2020-12-07 2020-12-14
7106.25 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U842 P 2020-12-07 2020-12-18
446.29 VANGUARD 500 INDEX ADMIRAL, VFIAX P 2020-02-18 2020-04-09
14570.458 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F821 P 2019-03-18 2020-02-18
162.298 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F822 P 2019-09-30 2020-02-18
160.261 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F823 P 2019-10-31 2020-02-18
154.711 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F824 P 2019-11-29 2020-02-18
27.035 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F825 P 2020-05-29 2020-12-18
18.994 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F826 P 2020-06-30 2020-12-18
20.481 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F827 P 2020-07-31 2020-12-18
16.233 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F828 P 2020-08-31 2020-12-18
9.323 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F829 P 2020-09-30 2020-12-18
8.289 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F830 P 2020-10-30 2020-12-18
6.776 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F831 P 2020-11-30 2020-12-18
14556.331 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F832 P 2020-12-07 2020-12-18
115.271 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2018-08-31 2020-01-16
113.362 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2018-09-28 2020-01-16
120.801 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2018-10-31 2020-01-16
125.239 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2018-11-30 2020-01-16
120.069 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2018-12-31 2020-01-16
123.424 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-01-31 2020-02-18
16845.936 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-02-22 2020-04-14
6023.468 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-02-22 2020-04-23
7418.134 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-02-22 2020-12-14
89.374 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-03-10 2020-12-14
17428.144 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-02-22 2020-12-18
67.156 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-03-10 2020-12-18
22.218 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-03-10 2020-12-18
4937.849 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-02-22 2020-12-23
67.156 DOUBLELINE LOW DURATION BOND CL I, DBLSX, XXX-XX-XXXX P 2019-03-10 2020-12-23
204.984 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2018-08-23 2020-01-16
341.171 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2018-10-02 2020-01-16
364.884 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2018-12-19 2020-01-16
168.731 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2018-09-06 2020-02-18
126.71 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-01-30 2020-02-18
128.396 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2018-09-15 2020-03-16
10860.615 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-02-22 2020-03-16
7598.784 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-02-22 2020-04-14
5977.71 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-02-22 2020-04-23
9849.942 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-02-22 2020-12-18
82.686 FPA NEW INCOME, FPNIX, XXX-XX-XXXX P 2019-03-09 2020-12-18
6736.044 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U828 P 2019-01-24 2020-02-18
36.721 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U829 P 2019-01-31 2020-02-18
17801.602 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U830 P 2019-01-24 2020-04-14
5977.71 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U831 P 2019-01-24 2020-04-23
64.33 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U832 P 2019-10-16 2020-12-14
10311.937 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U833 P 2019-01-24 2020-12-18
13.342 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U834 P 2019-05-21 2020-12-18
50.988 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U835 P 2019-10-16 2020-12-18
4995.005 PIMCO SHORT ASSET INVESTMENT FUND INST, PAIDX, 72201U836 P 2019-01-24 2020-12-23
15118.614 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F821 P 2018-05-30 2020-01-16
1803.893 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F822 P 2018-05-30 2020-01-16
284.727 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F823 P 2018-05-30 2020-01-16
292.766 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F824 P 2018-06-27 2020-01-16
598.509 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F825 P 2018-05-30 2020-02-18
78.944 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F826 P 2018-05-30 2020-02-18
135.89 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F827 P 2018-05-30 2020-02-18
257.354 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F828 P 2018-06-02 2020-02-18
135.582 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F829 P 2018-06-14 2020-02-18
121.216 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F830 P 2018-06-29 2020-02-18
310.7 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F831 P 2018-06-29 2020-02-18
114.924 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F832 P 2018-07-31 2020-02-18
131.088 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F833 P 2018-08-31 2020-02-18
107.608 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F834 P 2018-09-28 2020-02-18
131.367 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F835 P 2018-10-31 2020-02-18
142.957 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F836 P 2018-11-30 2020-02-18
133.861 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F837 P 2018-12-31 2020-02-18
134.69 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F838 P 2019-01-31 2020-02-18
105.441 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F839 P 2018-06-24 2020-03-16
10872.603 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F840 P 2019-02-22 2020-03-16
8132.53 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F841 P 2019-02-22 2020-04-14
5905.906 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F842 P 2019-02-22 2020-04-23
10192.503 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F843 P 2019-02-22 2020-12-18
44.433 VIRTUS SEIX US GOVT SEC ULTRA SHORT BD I, SIGVX, 92837F844 P 2019-03-10 2020-12-18
2500 Lyft Inc P 2020-03-12 2020-04-22
Interactive Brokers Covered Long-Term P 2018-01-01 2020-12-31
Interactive Brokers Covered Short-Term P 2020-01-01 2020-12-31
Interactive Brokers Covered Short-Term P 2020-12-22 2020-12-22
4762.9425 Energy Transfer LP P 2020-01-01 2020-03-12
10465.0575 Energy Transfer LP P 2018-01-01 2020-03-12
Interactive Brokers Capital Gain P 2020-01-01 2020-12-31
Wash Sale      
(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 260,536   326,824 -66,288
b 389,452   490,012 -100,560
c 158,564   157,469 1,095
d 2,535   2,535  
e 2,441   2,439 2
2,435   2,435  
2,379   2,374 5
2,664   2,659 5
164,826   163,361 1,465
8,047   7,983 64
1,875   1,874 1
1,290   1,359 -69
1,295   1,355 -60
157,096   155,535 1,561
2,023   2,023  
2,065   2,065  
2,059   2,057 2
2,135   2,127 8
138,470   136,819 1,651
34,561   34,183 378
676   673 3
677   676 1
659   658 1
648   648  
584   583 1
583   582 1
145,993   146,012 -19
747   747  
83,280   83,369 -89
90,796   90,892 -96
2,912   2,919 -7
104,788   104,795 -7
38   38  
1,744   1,745 -1
1,560   1,563 -3
1,096   1,118 -22
1,839   1,869 -30
1,908   1,939 -31
1,810   1,840 -30
74,344   74,362 -18
71,129   71,139 -10
114,988   139,135 -24,147
145,850   145,559 291
1,625   1,623 2
1,604   1,603 1
1,549   1,547 2
271   271  
191   191  
206   205 1
163   163  
94   94  
83   83  
68   68  
146,146   146,000 146
1,157   1,146 11
1,138   1,127 11
1,213   1,198 15
1,257   1,240 17
1,205   1,186 19
1,240   1,226 14
160,698   167,786 -7,088
57,693   59,994 -2,301
74,095   73,885 210
893   896 -3
174,095   173,584 511
671   671  
222   222  
49,317   49,181 136
671   670 1
2,050   2,053 -3
3,411   3,364 47
3,649   3,598 51
1,689   1,690 -1
1,268   1,251 17
1,285   1,289 -4
108,703   107,411 1,292
74,988   75,152 -164
58,988   59,120 -132
98,593   97,416 1,177
828   818 10
67,491   67,428 63
368   368  
175,334   178,194 -2,860
58,988   59,837 -849
644   647 -3
103,215   103,222 -7
134   134  
510   512 -2
49,988   50,000 -12
151,186   151,223 -37
18,039   18,043 -4
2,847   2,848 -1
2,928   2,928  
5,991   5,987 4
790   790  
1,360   1,359 1
2,576   2,574 2
1,357   1,358 -1
1,213   1,211 2
3,110   3,108 2
1,150   1,148 2
1,312   1,310 2
1,077   1,075 2
1,315   1,312 3
1,431   1,428 3
1,340   1,337 3
1,348   1,346 2
1,057   1,057  
108,943   108,617 326
81,000   81,244 -244
59,000   59,000  
102,333   101,823 510
446   446  
76,873   60,000 16,873
489,154   395,162 93,992
167,424   203,930 -36,506
68,870   83,779 -14,909
29,530   58,817 -29,287
64,869   171,077 -106,208
25,810     25,810
      13,582
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       -66,288
b       -100,560
c       1,095
d        
e       2
       
      5
      5
      1,465
      64
      1
      -69
      -60
      1,561
       
       
      2
      8
      1,651
      378
      3
      1
      1
       
      1
      1
      -19
       
      -89
      -96
      -7
      -7
       
      -1
      -3
      -22
      -30
      -31
      -30
      -18
      -10
      -24,147
      291
      2
      1
      2
       
       
      1
       
       
       
       
      146
      11
      11
      15
      17
      19
      14
      -7,088
      -2,301
      210
      -3
      511
       
       
      136
      1
      -3
      47
      51
      -1
      17
      -4
      1,292
      -164
      -132
      1,177
      10
      63
       
      -2,860
      -849
      -3
      -7
       
      -2
      -12
      -37
      -4
      -1
       
      4
       
      1
      2
      -1
      2
      2
      2
      2
      2
      3
      3
      3
      2
       
      326
      -244
       
      510
       
      16,873
      93,992
      -36,506
      -14,909
      -29,287
      -106,208
      25,810
       
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 -230,703
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 -209,307
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 0
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  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5  
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,027
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,027
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 1,027
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,027 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletCA
    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 .
    8b
    Yes
     
    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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMatthew Kest Telephone no.bullet (323) 648-3290

    Located atbullet4221 Wilshire Blvd Suite 390Los AngelesCA ZIP+4bullet90010
    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? .................
    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
    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
     
    No
    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
    Michael Kest President
    2.00     		0    
    4221 Wilshire Blvd Suite 390
    Los Angeles,CA90010
    Matthew Kest CFO
    40.00     		295,000    
    4221 Wilshire Blvd Suite 390
    Los Angeles,CA90010
    Yosef Manela Secretary
    1.00     		0    
    6300 Wilshire Blvd Suite 2030
    Los Angeles,CA90048
    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
    Miriam Benjamin Administrative
    20.00     		82,584    
    539 N Vista Street
    Los Angeles,CA90036
    Total number of other employees paid over $50,000...................bullet  
    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
    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)
    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
    4,923,449
    b
    Average of monthly cash balances.......................
    1b
    1,322,498
    c
    Fair market value of all other assets (see instructions)................
    1c
    12,052,866
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,298,813
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    18,298,813
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    274,482
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,024,331
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    901,217
    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
    901,217
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    901,217
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    901,217
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    901,217
    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
    815,622
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    815,622
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    815,622
    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 7 901,217
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 692,670
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 815,622
    a Applied to 2019, but not more than line 2a 692,670
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 122,952
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		778,265
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    Michael Kest
    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
    National Soc For Hebrew Day Schools
    1090 Coney Island Ave 3RD FL
    Brooklyn,NY11210     		None PC Public Support of Organization's Mission 265,000
    Cong Etz Chaim
    1555 E 7th St
    Brooklyn,NY11230     		None PC Public Support of Organization's Mission 250
    United Institute of Karlin Stolin
    1436 42nd St
    Brooklyn,NY11219     		None PC Public Support of Organization's Mission 100
    Fidelity Charitable Donor Advised F
    PO Box 770001
    Cincinnati,OH45277     		None PC Public Support of Organization's Mission 265,000
    Ketoret Tamid
    168 S Highland Ave
    Los Angeles,CA90036     		None PC Public support of the Organization's mission 2,500
    Congregation Lutzk
    520 New Egypt Rd
    Lakewood,NJ08701     		None PC Public support of the Organization's mission 500
    Total .................................bullet 3a 533,350
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		         
    4 Dividends and interest from securities....     14 139,133  
    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 -244,285  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aAltair Direct Lending Fun     		    14 -1,128  
    bAltair Global Credit Opp     14 20,610  
    cAltair Global Credit Opp     18 -173,185  
    dAltair GOF III, LLC     14 24,264  
    eEnergy Transfer LP     14 -648  
    fEnergy Transfer LP     16 11  
    gEnergy Transfer LP     18 -4  
    hFortress Real Estate III     14 -576  
    iFortress Real Estate Oppo II     14 1,063  
    jFountains Inv LLC     16 -61,939  
    kGlean Tech Fund II LP     14 -14,135  
    lGlean Tech Fund II LP     18 1,795  
    mGlean Tech II LLC Series A-TT     14 -100  
    nIEQ Capital Access Fund     14 -274  
    oPrime Finance Short Durat     14 38,767  
    pSS Tenth Investors LLC     16 -1,659  
    qU.S. Farming Realty Fund     14 1,415  
    rU.S. Farming Realty Fund     16 5,111  
    sUS Farming Realty Fund     18 44,459  
    tWC16 LLC     16 -4,565  
    12 Subtotal. Add columns (b), (d), and (e)..   -225,870  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -225,870
    (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.)
    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: 20011551
    Software Version: 2020v4.0


    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
    The June Foundation
     
    Employer identification number

    95-4745292
    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
    The June Foundation
          		Employer identification number
    95-4745292
    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
    Kest 2009 Charitable Lead Annuity T
    5150 Overland Ave
     
    Culver City, CA90230

    		$ 757,396


    (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
    The June Foundation
          		Employer identification number

    95-4745292
    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
    The June Foundation
          		Employer identification number

    95-4745292
    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: 20011551
    Software Version: 2020v4.0

    TY 2020 AccountingFeesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 49,690 24,845 0 24,845

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Corporate Bonds - Fidelity 2515 1,738,577 1,738,577
    Corporate Bonds - Fidelity 3281 107,180 107,180

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Interactive Brokers - U518854 536,565 536,565
    Corporate Stocks - Fidelity 3281 44,935 44,935
    Corporate Stock- Fidelity 2515 2,402,588 2,402,588

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Altair US Farming Realty (Fidelity 3281) AT COST 581,891 723,989
    Canyon Distressed Opportunity FD AT COST 14,905 14,905
    Altair Global Credit Opport (Fidel 3281) AT COST 889,775 678,059
    Eastside Century Partners AT COST 1,078,251 1,078,251
    Altair GOF III LLC Class B (Fidelit 3281 AT COST 564,799 86,399
    Altair Direct Lend LP Cl B (Fid 3281) AT COST 95,877 74,655
    WC16 LLC AT COST 811,473 811,473
    Fortress Real Estate Opportunities II AT COST 153,175 153,175
    Energy Transfer LP AT COST    
    Prime Finance Short Duration VI LP AT COST 300,025 300,025
    Fortress Real Estate Opportunities III AT COST 93,494 93,494
    Envoy Technologies, Inc AT COST 100,000 100,000
    Waivecar, Inc. AT COST 125,000 125,000
    Glean Tech Fund II LP AT COST 585,809 585,809
    Fountains Inv LLC AT COST 333,802 333,802
    The Atrium AT COST    
    Glean Tech II LLC- Series A-TT AT COST 99,900 99,900
    IEQ Capital Access Fund- Fort Credit Opp AT COST 33,476 33,750
    SS Tenth Investors LLC AT COST 248,341 248,341
    InSpira AT COST 200,000 200,000

    TY 2020 LoansFromOfficersSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0

    Item No. 1
    Lender's Name Michael Kest
    Lender's Title Officer
    Original Amount of Loan 2895856
    Balance Due 2949856
    Date of Note 2017-01
    Maturity Date  
    Repayment Terms Revolving Loan
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan To Fund JF Realty Receivable
    Description of Lender Consideration  
    Consideration FMV  


    TY 2020 OtherAssetsSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Rounding   2  


    TY 2020 OtherExpensesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 65 33   32
    Computer & Internet 2,644 1,322   1,322
    Insurance 640 320   320
    Office Expense 15,878 7,939   7,939
    Other Investment Expense 88,853 88,853    
    Payroll Processing Fees 1,233 617   616
    Postage 240 120   120
    Section 105 MERP 55,418 27,709   27,709
    Supplies 8,689 4,345   4,344
    Telephone 2,851 1,426   1,425


    TY 2020 OtherIncomeSchedule2
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Altair Direct Lending Fun -1,128 -1,128  
    Altair Global Credit Opp -173,185 -173,185  
    Altair Global Credit Opp 20,610 20,625  
    Altair GOF III, LLC 24,264 24,265  
    Energy Transfer LP 11 11  
    Energy Transfer LP -4 -4  
    Energy Transfer LP -648 -636  
    Fortress Real Estate III -576 -576  
    Fortress Real Estate Oppo II 1,063 1,063  
    Fountains Inv LLC -61,939 -61,939  
    Glean Tech Fund II LP 1,795 1,795  
    Glean Tech Fund II LP -14,135 -5,169  
    Glean Tech II LLC Series A-TT -100 -100  
    IEQ Capital Access Fund -274 -274  
    Prime Finance Short Durat 38,767 38,767  
    SS Tenth Investors LLC -1,659 -1,659  
    U.S. Farming Realty Fund 1,415 1,419  
    U.S. Farming Realty Fund 5,111 5,111  
    US Farming Realty Fund 44,459 44,459  
    WC16 LLC -4,565 -4,565  


    TY 2020 OtherIncreasesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Investment Valuation Adjustment 898,315


    TY 2020 OtherNotesLoansRcvblShortSch2
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of 501(c)(3) Organization Balance Due
    Various Small Receivables
          		21,183
    JF Realty
          		6,368,388
    Jonathan Bennett
          		 
    Donington
          		950,000
    MSK Malone Prime Beverage
          		700,000


    TY 2020 TaxesSchedule
    Name:
    The June Foundation
    EIN:
    95-4745292
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other Taxes 150 75   75
    Payroll Taxes 23,860 11,930   11,930