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 FREMONT GROUP FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 193809
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA941193809
A Employer identification number

33-3255428
B Telephone number (see instructions)

(415) 284-8503
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$16,984,224J Accounting method:
MODIFIED CASH
(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) 1,401
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 182,551 182,551  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,044,806
b Gross sales price for all assets on line 6a 1,635,357
7 Capital gain net income (from Part IV, line 2)... 1,044,806
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,228,758 1,227,357  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 60,000 0   60,000
c Other professional fees (attach schedule).... Click to see attachment 14,813 14,813   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 16,854 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,270 0   12,270
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 103,937 14,813   72,270
25 Contributions, gifts, grants paid....... 716,027 716,027
26 Total expenses and disbursements. Add lines 24 and 25 819,964 14,813   788,297
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 408,794
b Net investment income (if negative, enter -0-) 1,212,544
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......... 97,167 336,025 336,025
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).......      
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).......... 8,896,611 Click to see attachment9,071,452 16,646,901
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment6,152 Click to see attachment1,298 Click to see attachment1,298
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,999,930 9,408,775 16,984,224
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)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 8,999,930 9,408,775
29 Total net assets or fund balances (see instructions)..... 8,999,930 9,408,775
30 Total liabilities and net assets/fund balances (see instructions). 8,999,930 9,408,775
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
8,999,930
2
Enter amount from Part I, line 27a .....................
2
408,794
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
51
4
Add lines 1, 2, and 3 ..........................
4
9,408,775
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,408,775
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 2,148.41 SHS DODGE & COX INCOME FD COM P 2020-01-01 2020-03-24
b 8,795.16 SHS DODGE & COX INCOME FD COM P 2014-10-08 2020-04-07
c 2,727.79 SHS MFO PRICE T ROWE GROWTH STK FD INC COM P 2019-12-13 2020-01-28
d 7,199.51 SHS MFO PRICE T ROWE GROWTH STK FD INC COM P 2004-10-19 2020-10-19
e 340.66 SHS MFO ROWE T PRICE MID-CAP GROWTH FD INC COM P 2019-12-13 2020-01-28
CAPITAL GAINS DIVIDENDS 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 28,810   30,132 -1,322
b 121,190   122,253 -1,063
c 243,171   234,281 8,890
d 623,829   171,996 451,833
e 33,000   31,889 1,111
585,357     585,357
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       -1,322
b       -1,063
c       8,890
d       451,833
e       1,111
      585,357
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 1,044,806
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 16,854
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 16,854
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 16,854
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 18,152
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 18,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,152
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 19,298
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet19,298 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
 
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
     
    No
    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 ofbulletPRESIDENT DIRECTOR Telephone no.bullet (415) 284-8503

    Located atbullet199 FREMONT STREET 25TH FLOORSAN FRANCISCOCA ZIP+4bullet94105
    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
     
     
    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
    DAVID R COVINClick to see attachment PRESIDENT & DIRECTOR
    0.00     		0 0 0
    PO BOX 193809
    SAN FRANCISCO,CA941193809
    MARGARET LIP DIRECTOR & SECRETARY
    0.00     		0 0 0
    PO BOX 193809
    SAN FRANCISCO,CA941193809
    WENDY AITKEN DIRECTOR
    0.00     		0 0 0
    PO BOX 193809
    SAN FRANCISCO,CA941193809
    LOUISE HUSIN DIRECTOR
    0.00     		0 0 0
    PO BOX 193809
    SAN FRANCISCO,CA941193809
    STEPHEN A RAMSAY DIRECTOR & TREASURER
    0.00     		0 0 0
    PO BOX 193809
    SAN FRANCISCO,CA941193809
    CHARLES LESEM V-P & DIRECTOR
    0.00     		0 0 0
    PO BOX 193809
    SAN FRANCISCO,CA941193809
    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
    FREMONT GROUP MANAGEMENT LLC ACCOUNTING & TAX SERVICES 60,000
    PO BOX 193809
    SAN FRANCISCO,CA941193809
    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
    14,373,978
    b
    Average of monthly cash balances.......................
    1b
    236,946
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,610,924
    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
    14,610,924
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    219,164
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,391,760
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    719,588
    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
    719,588
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,854
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,854
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    702,734
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    702,734
    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
    702,734
    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
    788,297
    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
    788,297
    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
    788,297
    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 7 702,734
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 114,485
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 788,297
    a Applied to 2019, but not more than line 2a 114,485
    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..... 673,812
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		28,922
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    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).)
    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
    AFFIRM INC
    PO BOX 503
    WILLIAMSTOWN,MA01267     		NA PC TO SUPPORT THE GET US PPE FUND THAT WILL BE USED TO PURCHASE PERSONAL PROTECTIVE EQUIPMENT AND DELIVER THEM TO HEALTHCARE WORKERS. 2,500
    FLORENCE FANG COMMUNITY FARM
    40 DIANA STREET
    BAYVIEW,CA94124     		NA PC TO SUPPORT THE OPERATION OF SAN FRANCISCO'S LARGEST URBAN FARM SERVING THE COMMUNITY OF BAYVIEW-HUNTERS POINT, THE MOST DIVERSE AND UNDERSERVED NEIGHBORHOOD IN THE CITY. 1,000
    BERKELEY COMMUNITY SCHOLARS
    PO BOX 680
    BERKELEY,CA94701     		NA PC TO SUPPORT PROGRAMS ASSISTING HIGH SCHOOL GRADUATES TO FULFILL THEIR EDUCATIONAL ASPIRATIONS, DEVELOP THEIR FULL POTENTIAL, AND SHARE THEIR POSITIVE, ENRICHING LIVES WITH OTHERS. 1,000
    COMPASS FAMILY SERVICES
    37 GROVE STREET
    SAN FRANCISCO,CA94102     		NA PC TO SUPPORT PROGRAMS THAT ASSIST FAMILIES IN SAN FRANCISCO FIND AND MAINTAIN STABLE HOUSING, ACHIEVE ECONOMIC STABILITY AND INDEPENDENCE, AND OVERCOME TRAUMA AND ABUSE. 600
    EAST BAY CHILDREN'S BOOK PROJECT
    2501 HARRISON ST
    OAKLAND,CA94612     		NA PC TO SUPPORT PROGRAMS IMPROVING LITERACY BY PROVIDING BOOKS FREE OF CHARGE TO ANY PROFESSIONAL WORKING WITH CHILDREN IN NEED. 5,000
    EAST OAKLAND YOUTH DEVELOPMENT CENTER
    8200 INTERNATIONAL BOULEVARD
    OAKLAND,CA94621     		NA PC TO SUPPORT THE EDUCATIONAL, ARTS, WELLNESS, AND WORKFORCE PREPARATION PROGRAMS FOR LOW-INCOME CHILDREN AND YOUTH IN EAST OAKLAND, CA. 10,000
    FERTILE GROUNDWORKS
    4743 EAST AVENUE
    LIVERMORE,CA94550     		NA PC TO SUPPORT THE EDUCATION OF VOLUNTEERS ON GARDENING AND PROVIDE ORGANIC PRODUCE TO THE ALAMEDA COUNTY COMMUNITY AND THOSE IN NEED. 5,000
    FERTILE GROUNDWORKS
    4743 EAST AVENUE
    LIVERMORE,CA94550     		NA PC TO SUPPORT THE EDUCATION OF OUR COMMUNITY MEMBERS ABOUT SUSTAINABLE GARDENING AT THE LOCAL LEVEL AND EMPOWERING THEM TO GROW HEALTHY PRODUCE FOR THEMSELVES AND THEIR NEIGHBORS. 16,000
    FIRST GRADUATE
    2973 16TH STREET SUITE 400
    SAN FRANCISCO,CA94103     		NA PC TO SUPPORT PROGRAMS THAT ADDRESS INEQUITY IN THE SF UNIFIED SCHOOL DISTRICT BY HELPING STUDENTS OF COLOR, CHILDREN OF IMMIGRANTS, AND THOSE FROM CHALLENGING ECONOMIC CIRCUMSTANCES EXCEL IN SCHOOL AND ATTEND/GRADUATE COLLEGE. 22,516
    SAN FRANCISCO-MARIN FOOD BANK
    900 PENNSYLVANIA AVENUE
    SAN FRANCISCO,CA94965     		NA PC TO SUPPORT THE FOOD FROM THE BAR CAMPAIGN THAT BENEFITS COLLEGE PANTRIES, FOOD PHARMACIES, AND MOBILE FOOD PANTRY. 97,500
    FRED FINCH YOUTH & FAMILY SERVICES
    3800 COOLIDGE AVENUE
    OAKLAND,CA94602     		NA PC TO SUPPORT YOUTH AGES 18-24 WHO FACE SIGNIFICANT CHALLENGES INCLUDING HOMELESSNESS, PARTICULARLY THOSE AGING OUT OF FOSTER CARE AND THOSE WITH MENTAL HEALTH ISSUES. 10,000
    GEORGE POCOCK ROWING FOUNDATION
    3320 FUHRMANN AVE E
    SEATTLE,WA98102     		NA PC TO PROMOTE FULL ACCESS TO THE SPORT OF ROWING AT ALL LEVELS AND PROGRAMS AND INITIATIVES DEDICATED TO SUPPORTING REGIONAL INVOLVEMENT. 26,000
    GIRLS INC OF ALAMEDA COUNTY
    510 16TH ST
    OAKLAND,CA94612     		NA PC TO SUPPORT THE TEEN ACHIEVEMENT PROGRAM WHICH PROVIDES TEEN GIRLS FROM LOW-INCOME FAMILIES WITH SUMMER AND SCHOOL YEAR PROGRAMMING TO PREPARE THEM FOR COLLEGE AND CAREER SUCCESS. 20,000
    GOLDEN GATE NATIONAL PARKS CONSERVANCY
    FORT MASON BUILDING 201
    SAN FRANCISCO,CA94123     		NA PC TO SUPPORT ENVIRONMENTAL EDUCATION AND LEADERSHIP PROGRAMS FOR YOUTH, MAINTAIN TRAILS, AND MONITOR WILDLIFE POPULATIONS. 6,000
    HANDFUL PLAYERS INC
    530 DIVISADERO STREET 454
    SAN FRANCISCO,CA94117     		NA PC TO SUPPORT YEAR-ROUND PERFORMING ARTS PROGRAMS FOR UNDERSERVED CHILDREN TO ENHANCE THEIR SELF-EFFICIENCY, TEAMWORK SKILLS, AND PASSION IN THE ARTS. 15,000
    HEAD-ROYCE SCHOOL
    4315 LINCOLN AVENUE
    OAKLAND,CA94602     		NA PC TO SUPPORT THE HEADS UP PROGRAM THAT IMPACTS THE DEVELOPMENT OF FIRST-GENERATION COLLEGE-BOUNDS STUDENTS OF COLOR. 20,000
    HASBRO CHILDREN'S HOSPITAL
    593 EDDY STREET
    PROVIDENCE,RI02902     		NA PC TO SUPPORT PROGRAMS AND INITIATIVES FOR PEDIATRIC PATIENT CARE BY CREATING, APPLYING AND SHARING THE MOST ADVANCED KNOWLEDGE IN HEALTH CARE. 250
    LILY'S LEGACY SENIOR DOG SANCTUARY
    PO BOX 751002
    PETALUMA,CA94975     		NA PC TO PROVIDE A SAFE AND LOVING HOME FOR LARGE BREED SENIOR DOGS WHO HAVE BEEN DISPLACED FROM THEIR HOMES AND/OR ABANDONED. 10,000
    LUCILE PACKARD CHILDREN'S HOSPITAL
    400 HAMILTON AVE 340
    PALO ALTO,CA94301     		NA PC TO SUPPORT THE HOSPITAL IN SERVING FAMILIES IN THE COMMUNITY AND PROVIDING AN INNOVATIVE ENVIRONMENT DEDICATED TO HEALING AND WELL-BEING. 5,000
    MEALS ON WHEELS SAN FRANCISCO
    1375 FAIRFAX AVENUE
    SAN FRANCISCO,CA94124     		NA PC TO PROVIDE CRITICAL NOURISHMENT AND SOCIAL INTERACTION TO THE ELDERLY IN THE COMMUNITIES. 5,000
    MEALS ON WHEELS SAN FRANCISCO
    1375 FAIRFAX AVENUE
    SAN FRANCISCO,CA94124     		NA PC TO SUPPORT MEALS ON WHEELS SAN FRANCISCO'S COVID-19 EMERGENCY RESPONSE FUND THAT WILL BE USED FOR HOMEBOUND SENIORS TO RECEIVE MEALS DURING THE PANDEMIC. 12,500
    MINDS MATTER OF SAN FRANCISCO
    PO BOX 2511
    SAN FRANCISCO,CA94126     		NA PC TO PROVIDE LOW-INCOME STUDENTS WITH SOCIAL, FINANCIAL, AND ACADEMIC SUPPORT TO SUCCEED IN COLLEGE. 1,000
    MUTTVILLE SENIOR DOG RESCUE
    PO BOX 410207
    SAN FRANCISCO,CA94141     		NA PC TO GIVE SENIOR DOGS A SECOND CHANCE AT LIFE BY RESCUING THEM, PROVIDING PROPER CARE, AND FINDING THEM LOVING HOMES. 5,000
    NEW YORK CITY HEALTH AND HOSPITALS
    125 WORTH STREET
    NEW YORK,NY10013     		NA PC TO SUPPORT THE HOSPITAL'S MISSION TO PROVIDE HIGH QUALITY HEALTH SERVICES WITH COMPASSION, DIGNITY, AND RESPECT TO ALL, REGARDLESS OF INCOME, GENDER IDENTITY, OR IMMIGRATION STATUS. 2,500
    NORTHERN VIRGINIA THERAPEUTIC RIDING PROGRAM INC
    6429 CLIFTON RD
    CLIFTON,VA20124     		NA PC TO SUPPORT PROGRAMS PROVIDING EQUINE ASSISTED ACTIVITIES TO PEOPLE WITH DISABILITIES, YOUTH-AT-RISK, RECOVERING MILITARY PERSONNEL, AND OTHERS IN NEED. 1,000
    OAKLAND STROKES
    4675 TIDEWATER AVE
    OAKLAND,CA94601     		NA PC TO PROVIDE YOUTH ROWERS THE OPPORTUNITY TO LEARN TO ROW AND ULTIMATELY COMPETE, IN AN ENVIRONMENT THAT NURTURES DEVELOPMENT OF CHARACTER, STRENGTH OF COMMITMENT AND PASSION FOR EXCELLENCE. 5,000
    PRINCETON UNIVERSITY ROWING ASSOCIATION
    100 OVERLOOK CENTER SUITE 300
    PRINCETON,NJ08540     		NA PC TO SUPPORT PROGRAMS THAT PROVIDE STUDENT ATHLETES WITH AN OPPORTUNITY TO ENGAGE IN COMPETITIVE SPORTS. 40,000
    SAN FRANCISCO COURT APPOINTED SPECIAL ADVOCATES (CASA)
    2535 MISSION STREET
    SAN FRANCISCO,CA94110     		NA PC TO HELP FOSTER YOUTH IN SAN FRANCISCO BY CONNECTING THEM WITH COURT APPOINTED ADVOCATES WHO WILL GIVE STUDENTS SUPPORT, LIFE SKILLS AND A CONSISTENT ADULT PRESENCE. 20,000
    SHELTERING ARMS CHILDREN AND FAMILY SERVICES
    25 BROADWAY 18TH FL
    NEW YORK,NY10004     		NA PC TO PROVIDE CRUCIAL PROGRAMS AND SERVICES TO CHILDREN, YOUTH AND FAMILIES IN NEW YORK CITY'S MOST MARGINALIZED COMMUNITIES. 15,000
    SOUTH OF MARKET CHILD CARE INC
    790 FOLSOM STREET
    SAN FRANCISCO,CA94107     		NA PC TO SUPPORT PROGRAMS SERVING CHILDREN, THEIR FAMILIES AND THE SOUTH OF MARKET COMMUNITY BY PROVIDING QUALITY EARLY CARE AND EDUCATION, AND FREE COMPREHENSIVE FAMILY SUPPORT SERVICES IN A SAFE AND NURTURING ENVIRONMENT. 31,500
    ST GABRIEL SCHOOL
    2550 41ST AVE
    SAN FRANCISCO,CA94116     		NA PC TO SUPPORT TUITION SUBSIDIES, SCHOOL INFRASTRUCTURE, AND PROVIDE A COLLABORATIVE AND INCLUSIVE EDUCATION THAT STRIVES FOR ACADEMIC EXCELLENCE AND CULTIVATES THE GROWTH OF CHILDREN. 565
    ST MATTHEW'S EPISCOPAL DAY SCHOOL
    16 BALDWIN AVE
    SAN MATEO,CA94401     		NA PC TO SUPPORT THE SCHOOL'S MISSION TO PROVIDE EXCEPTIONAL EDUCATIONAL PROGRAMS IN AN ENVIRONMENT THAT ALSO DEVELOPS THE CHARACTER AND SPIRITUAL LIFE OF EACH STUDENT. 10,000
    SUTTER HEALTH
    2200 RIVER PLAZA DRIVE
    SACRAMENTO,CA95833     		NA PC TO PROVIDE A TRUSTED SOURCE OF HEALTH CARE FOR PEOPLE AT ALL STAGES OF LIFE. 2,500
    TANDEM PARTNERS IN EARLY LEARNING
    1275 FAIRFAX AVE SUITE 201
    SAN FRANCISCO,CA94124     		NA PC TO SUPPORT TANDEM IN WORKING TOGETHER WITH PARENTS, FAMILY MEMBERS, AND EDUCATORS TO ENSURE THAT ALL CHILDREN RECEIVE CULTURALLY RELEVANT, AND HIGH-QUALITY LEARNING EXPERIENCES. 10,000
    THE OAKLAND PUBLIC EDUCATION FUND
    520 3RD STREET SUITE 109
    OAKLAND,CA94607     		NA PC TO STRENGTHEN TEACHING AND ACCELERATE LEARNING PROGRAMS FOR EVERY STUDENT TO LEARN, GROW, AND THRIVE. 1,000
    TRIPS FOR KIDS MARIN
    610 4TH STREET
    SAN RAFAEL,CA94901     		NA PC TO SUPPORT PROGRAMS FOR BAY AREA YOUTH TO EXPLORE AND APPRECIATE THE NATURAL WORLD BY BIKE WHILE DEVELOPING SELF-ESTEEM, LEARNING VALUABLE SKILLS, AND EXPERIENCING THE BENEFITS OF HEALTHY EATING AND EXERCISE. 34,500
    UC BERKELEY
    1995 UNIVERSITY AVE SUITE 400
    BERKELEY,CA94704     		NA PC TO SUPPORT THE HAAS SCHOOL OF BUSINESS FUND. 2,500
    UC BERKELEYCAL PERFORMANCES
    101 ZELLERBACH HALL 4800
    BERKELEY,CA94720     		NA PC TO SUPPORT THE AILEY CAMP SUMMER PROGRAM THAT USES DANCE AS A VEHICLE FOR DEVELOPING SELF-ESTEEM, CREATIVE EXPRESSION, AND CRITICAL THINKING SKILLS AMONG UNDERSERVED STUDENTS. 15,000
    UCSF FOUNDATION
    220 MONTGOMERY STREET 5TH FLOOR
    UCSF BOX 0248
    SAN FRANCISCO,CA94143     		NA PC TO SUPPORT EFFORTS TO DECODE LIFE TO IMPROVE HEALTH, LEVERAGE DISCOVERY TO REVOLUTIONIZE CARE, AND ACHIEVE HEALTH EQUALITY FOR ALL. 2,500
    UNITED NEGRO COLLEGE FUND (UNCF)
    1805 7TH STREET NW
    WASHINGTON,DC20001     		NA PC TO SUPPORT PROGRAMS STRENGTHENING UNCF'S CAPACITY TO IMPROVE ACADEMIC AND ECONOMIC OUTCOMES FOR AFRICAN AMERICANS AND ADVOCACY FOR AN EQUITABLE, AFFORDABLE COLLEGE EDUCATION FOR ALL. 15,000
    WESLEYAN UNIVERSITY
    45 WYLLYS AVE
    MIDDLETOWN,CT06459     		NA PC TO SUPPORT STUDENT FINANCIAL AID FOR FIRST GENERATION UNDERGRADUATE STUDENTS. 10,000
    YEAR UP INC
    80 SUTTER STREET
    SAN FRANCISCO,CA94104     		NA PC TO SUPPORT CLASSROOM-BASED SKILL DEVELOPMENT PROGRAMS AND INTERNSHIP PROGRAMS FOR YOUTH WITH A HIGH SCHOOL DIPLOMA OR GED WHO ARE UNEMPLOYED, UNDEREMPLOYED, OR DISCONNECTED FROM LIVING WAGE JOBS. 20,000
    THE BLACKBAUD GIVING FUND
    701 NORTH FAIRFAX STREET
    ALEXANDRIA,VA22314     		NA PC TO PROVIDE SUPPORT TO LOCAL CHARITIES FOR PROGRAMS AND ORGANIZATIONS FOR CHILDREN IN NEED, PARTICULARLY EDUCATION, TRAINING, SKILLS DEVELOPMENT AND CHARACTER-BUILDING OPPORTUNITIES FOR LOW-INCOME CHILDREN. 91,649
    UNITED WAY WORLDWIDE
    701 NORTH FAIRFAX STREET
    ALEXANDRIA,VA22314     		NA PC TO PROVIDE SUPPORT TO LOCAL CHARITIES FOR PROGRAMS AND ORGANIZATIONS FOR CHILDREN IN NEED, PARTICULARLY EDUCATION, TRAINING, SKILLS DEVELOPMENT AND CHARACTER-BUILDING OPPORTUNITIES FOR LOW-INCOME CHILDREN. 88,947
    Total .................................bullet 3a 716,027
    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 ...........     		         
    4 Dividends and interest from securities....     14 182,551  
    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 1,044,806  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,227,357 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,227,357
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & TAX SERVICES FEES 60,000 0   60,000

    TY 2020 CompensationExplanation
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Person Name Explanation
    ALL FOUNDATION OFFICERS ALL FOUNDATION OFFICERS VOLUNTEER THEIR TIME ON AN AS NEEDED BASIS AS IT RELATES TO FOUNDATION MATTERS AND CHOOSE NOT TO BE COMPENSATED FOR THEIR SERVICES.

    TY 2020 GeneralExplanationAttachment
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Identifier Return Reference Explanation
      FORM 990-PF, PART VII-B, LINE 1A(4) IRC SEC 4941(D)(2)(E), REG. 53.4941(D)-(3)(C)(2) EX.1
      FORM 990-PF, PART I, COL. (A), LINE 1 THE FOUNDATION DID NOT PROVIDE ANY GOODS OR SERVICES INCONSIDERATION, IN WHOLE OR PART, FOR ANY CONTRIBUTIONSRECEIVED AS REPORTED HEREIN.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN INTERNATIONAL FUND (28,178.74 SHARES) AT COST 730,047 975,266
    BARON GROWTH FUND (10,953.83 SHARES) AT COST 473,317 1,145,113
    DODGE & COX INCOME FUND (99,611.98 SHARES) AT COST 1,350,763 1,459,316
    DODGE & COX INTERNATIONAL FUND (14,941.56 SHARES) AT COST 613,227 652,946
    DODGE & COX STOCK FUND (23,812.46 SHARES) AT COST 2,987,514 4,585,327
    LONGLEAF PARTNERS SMALL CAP FUND (8,825.15 SHARES) AT COST 215,397 210,480
    T ROWE PRICE GROWTH STOCK FUND (46,886.23 SHARES) AT COST 1,116,558 4,545,151
    T ROWE PRICE MID CAP FUND (27,178.12 SHARES) AT COST 1,584,629 3,073,302

    TY 2020 OtherAssetsSchedule
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID EXCISE TAX 6,152 1,298 1,298


    TY 2020 OtherExpensesSchedule
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RECORDING AND FILING FEES 85 0   85
    SOFTWARE SUBSCRIPTION AND PROCESSING FEES 12,185 0   12,185


    TY 2020 OtherIncreasesSchedule
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Description Amount
    EQUITY ADJUSTMENT FOR ACCRUED DIVIDEND INCOME 51


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 750 750   0
    CUSTODIAN FEES 14,063 14,063   0


    TY 2020 TaxesSchedule
    Name:
    THE FREMONT GROUP FOUNDATION
    EIN:
    33-3255428
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 16,854 0   0