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
BORSTEIN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11766 WILSHIRE BLVD 820
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90025
A Employer identification number

95-4716815
B Telephone number (see instructions)

(310) 582-1991
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$30,556,912J 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) 8,026,603
2 Check bullet.............
3 Interest on savings and temporary cash investments 68,333 68,333  
4 Dividends and interest from securities... 370,054 370,054  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 828,711
b Gross sales price for all assets on line 6a 9,845,935
7 Capital gain net income (from Part IV, line 2)... 6,126,141
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 53,105 53,105  
12 Total. Add lines 1 through 11........ 9,346,806 6,617,633  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 37,330 5,400   31,930
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 34,358 1,358    
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 list of attachments 87,852 87,625   160
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 159,540 94,383   32,090
25 Contributions, gifts, grants paid....... 752,900 752,900
26 Total expenses and disbursements. Add lines 24 and 25 912,440 94,383   784,990
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,434,366
b Net investment income (if negative, enter -0-) 6,523,250
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............. 308 7,848 7,848
2 Savings and temporary cash investments......... 574,057 3,988,259 3,988,259
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) 1,297,564 Click to see attachment798,697 814,996
b Investments—corporate stock (attach schedule)....... 9,581,813 Click to see attachment14,184,808 22,712,245
c Investments—corporate bonds (attach schedule)....... 1,218,680 Click to see attachment686,105 708,372
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 729,616 Click to see attachment2,171,256 2,325,192
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,313 Click to see attachment4,744  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,407,351 21,841,717 30,556,912
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
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 13,407,351 21,841,717
29 Total net assets or fund balances (see instructions)..... 13,407,351 21,841,717
30 Total liabilities and net assets/fund balances (see instructions). 13,407,351 21,841,717
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
13,407,351
2
Enter amount from Part I, line 27a .....................
2
8,434,366
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
21,841,717
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
21,841,717
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 400 APPLE INC P 2020-03-26 2020-09-01
b 100 BRISTOL MYER SQUIBB CO P 2019-11-21 2020-03-26
c 150 BRISTOL MYER SQUIBB CO P 2019-11-21 2020-03-26
d 300000 COMCAST CORP 45% 10/01/21 P 2019-05-02 2020-02-21
e 3000 OCCIDENTAL PETE CORP P 2019-09-06 2020-03-09
600 ORACLE CORPORATION P 2020-06-17 2020-08-19
500 US BANCORP P 2020-05-28 2020-10-15
1650 AT&T INC P 2013-01-25 2020-07-30
50000 AT&T INC 2.45% 6/30/20 D 2015-06-09 2020-05-30
1000 ALEXANDER & BALDWIN INC P 2012-02-22 2020-02-10
2240 APPLE INC P 2020-09-03 2020-09-01
1120 APPLE INC P 2011-10-12 2020-09-01
1400 APPLE INC P 2011-11-01 2020-09-01
40 APPLE INC P 2012-02-14 2020-09-01
4100 APPLE INC D 2020-09-03 2020-09-02
800 APPLE INC D 2020-12-15 2020-12-16
2800 APPLE INC D 2020-12-15 2020-12-16
3500 APPLE INC D 2020-12-15 2020-12-16
2800 APPLE INC D 2020-12-15 2020-12-16
4200 APPLE INC D 2020-12-15 2020-12-16
1000 BANK OF AMERICA CORP P 2017-08-11 2020-05-13
1300 CARRIER GLOBAL CORP P 2018-06-15 2020-04-23
1800 CATEPILLAR INCE P 2017-12-01 2020-03-23
2000 CENTERPOINT ENERGY INC P 2012-01-19 2020-04-06
400 CHARTER COMMUNICATIONS INC-A P 2011-08-24 2020-01-22
1800 CITIGROUP INC P 2017-08-11 2020-10-15
100000 CITIBANK NA 2.125% 10/20/20 P 2017-11-09 2020-09-20
100 DANAHER CORP D 2019-05-06 2020-07-15
300 WALT DISNEY CO D 2019-05-06 2020-07-15
665 WALT DISNEY CO P 2014-01-16 2020-07-15
383 DOW INC P 2018-08-03 2020-07-15
383 DUPONT DE NEMOURS INC P 2018-08-03 2020-07-15
660 FOX CORP P 2019-03-19 2020-03-26
7000 HEWLETT PACKARD ENTERPRISE CO P 2017-04-03 2020-03-23
750 INTEL CORP P 2019-03-01 2020-12-09
300000 JPMORGAN CHASE & CO 2.55% 10/29/20 P 2018-11-29 2020-09-29
50000 LAM RESEARCH CORP 2.75% 3/15/20 P 2015-04-23 2020-03-15
1200 MICROSOFT CORP D 2020-09-01 2020-09-01
2800 MICROSOFT CORP D 2020-09-01 2020-09-01
1500 MICROSOFT CORP P 2017-08-01 2020-09-01
700 MICROSOFT CORP D 2020-09-01 2020-09-02
2000 MICROSOFT CORP D 2020-09-01 2020-09-02
1800 MICROSOFT CORP D 2020-09-01 2020-09-02
400 MICROSOFT CORP D 2020-12-15 2020-12-16
2100 MICROSOFT CORP P 2020-12-15 2020-12-16
1600 MICROSOFT CORP P 2020-12-15 2020-12-16
3000 MICROSOFT CORP D 2020-12-15 2020-12-16
1200 ORACLE CORPORATION P 2009-09-17 2020-09-14
650 OTIS WORLDWIDE CORP P 2018-06-15 2020-07-10
1350 PNC FINANCIAL SERVICES GROUP P 2013-10-21 2020-10-15
2000 ROYAL DUTCH SHELL PLC P 2016-06-13 2020-07-15
550 SPDR S&P 500 ETF TRUST P 2018-06-21 2020-07-30
425 SALESFORCE COM INC P 2017-12-22 2020-06-22
300 SCHLUMBERGER LTD P 2012-09-19 2020-03-23
15 SHERWIN WILLIAMS CO P 2013-09-17 2020-02-26
100 THERMO FISHER SCIENTIFIC INC D 2007-12-03 2020-07-15
1000 US BANCORP P 2013-10-15 2020-10-15
400 UNION PACIFIC CORP P 2009-12-18 2020-01-24
250000 US TREASURY NOTE 1.75% 11/15/20 P 2017-11-17 2020-11-15
250000 US TREASURY NOTE 2.75% 9/30/20 P 2018-10-16 2020-09-30
.62 VIATRIS P 2010-01-26 2020-12-02
500 ACCENTURE PLC P 2009-03-27 2020-01-10
250 SCHLUMBERGER LTD P 2007-12-03 2020-03-23
750 SCHLUMBERGER LTD P 2007-12-03 2020-03-23
(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 52,529   25,304 27,225
b 5,256   5,641 -385
c 7,884   8,462 -578
d 309,042   305,175 3,867
e 52,103   134,256 -82,153
33,773   31,204 2,569
19,532   18,477 1,055
48,967   59,601 -10,634
50,000   49,024 976
22,993   19,348 3,645
294,160   29,634 264,526
147,080   16,307 130,773
183,850   19,882 163,968
5,253   719 4,534
529,104   54,240 474,864
101,743   10,583 91,160
356,101   40,767 315,334
445,126   50,567 394,559
356,101   39,765 316,336
534,151   66,899 467,252
21,097   23,864 -2,767
20,153   23,653 -3,500
47,266   70,497 -23,231
28,987   38,073 -9,086
204,144   25,406 178,738
74,273   120,273 -46,000
100,000   99,680 320
18,560   2,510 16,050
36,141   9,975 26,166
80,113   65,328 14,785
16,361   25,652 -9,291
20,651   37,647 -16,996
16,632   27,153 -10,521
55,868   85,936 -30,068
38,080   39,808 -1,728
300,000   294,651 5,349
50,000   50,544 -544
270,826   36,084 234,742
631,928   86,604 545,324
338,533   109,200 229,333
160,013   14,416 145,597
457,179   48,300 408,879
411,461   54,126 357,335
86,912   13,268 73,644
456,287   69,657 386,630
347,647   53,072 294,575
651,838   155,489 496,349
70,510   24,767 45,743
36,849   33,082 3,767
143,169   89,027 54,142
67,257   101,262 -34,005
177,897   151,231 26,666
71,285   43,563 27,722
4,125   20,338 -16,213
8,282   2,665 5,617
39,104   3,120 35,984
39,063   37,200 1,863
74,911   11,324 63,587
250,000   249,424 576
250,000   249,443 557
11   5 6
104,025   13,898 90,127
3,437   5,681 -2,244
10,312   17,043 -6,731
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       27,225
b       -385
c       -578
d       3,867
e       -82,153
      2,569
      1,055
      -10,634
      976
      3,645
      264,526
      130,773
      163,968
      4,534
      474,864
      91,160
      315,334
      394,559
      316,336
      467,252
      -2,767
      -3,500
      -23,231
      -9,086
      178,738
      -46,000
      320
      16,050
      26,166
      14,785
      -9,291
      -16,996
      -10,521
      -30,068
      -1,728
      5,349
      -544
      234,742
      545,324
      229,333
      145,597
      408,879
      357,335
      73,644
      386,630
      294,575
      496,349
      45,743
      3,767
      54,142
      -34,005
      26,666
      27,722
      -16,213
      5,617
      35,984
      1,863
      63,587
      576
      557
      6
      90,127
      -2,244
      -6,731
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,126,141
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 5,218,706
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 90,673
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 90,673
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 90,673
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 115,456
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.............. 7 115,456
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 365
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 24,418
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet24,418 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
     
    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 ofbulletALAN S BORSTEIN Telephone no.bullet (310) 582-1991

    Located atbullet11766 WILSHIRE BLVD SUITE 820LOS ANGELESCA ZIP+4bullet900256590
    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
    ALAN S BORSTEIN Trustee
    2.00     		0    
    11766 WILSHIRE BLVD STE 820
    LOS ANGELES,CA90025
    ERIC K BORSTEIN Trustee
    2.00     		0    
    11766 WILSHIRE BLVD STE 820
    LOS ANGELES,CA90025
    loren s borstein Trustee
    1.00     		0    
    11766 WILSHIRE BLVD STE 820
    los angeles,CA90025
    craig j borstein Trustee
    1.00     		0    
    11766 WILSHIRE BLVD STE 820
    los angeles,CA90025
    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  
    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
    20,063,861
    b
    Average of monthly cash balances.......................
    1b
    1,188,783
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,252,644
    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
    21,252,644
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    318,790
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,933,854
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,046,693
    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
    1,046,693
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    90,673
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    90,673
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    956,020
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    956,020
    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
    956,020
    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
    784,990
    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
    784,990
    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
    784,990
    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 7 956,020
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 734,202
    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$ 784,990
    a Applied to 2019, but not more than line 2a 734,202
    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..... 50,788
    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 ..........     		905,232
    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).)
    ALAN S BORSTEIN
    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
    HARVARD BUSINESS SCHOOL
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 10,000
    JOHN WAYNE CANCER INSTITUTE
    2200 SANTA MONICA BLVD
    SANTA MONICA,CA90404     		NONE 501(C)(3) IMMUNO-ONCOLOGY MELANOMA RESEARCH AND JWCI INFRASTRUCTURE 50,000
    LA JEWISH HOME FOR THE AGING
    7150 TAMPA AVE
    RESEDA,CA91334     		NONE 501(C)(3) FOR GENERAL FUND 10,000
    MORE THAN WORDS INC
    56 FELTON STREET
    WALTHAM,MA02453     		NONE 501(C)(3) FOR GENERAL FUND 2,000
    RONALD MCDONALD HOUSE
    4560 FOUNTAIN AVENUE
    LOS ANGELES,CA90029     		NONE 501(C)(3) FAMILY SUPPORT SERVICES, EXPANSION & IMPROVEMENT 75,000
    THE RAPE FOUNDATION-FBO STUART HOUS
    1223 WILSHIRE BLVD SUITE 410
    SANTA MONICA,CA90403     		NONE 501(C)(3) FOR GENERAL FUND 30,000
    UCLA FOUNDATION
    650 CHARLES E YOUNG DR S 12-260
    LOS ANGELES,CA90024     		NONE 501(C)(3) DR. DAN LEVI-PEDIATRIC CARDIOLOGY-NEONATAL DETECTION AND TREATMENT OF CONGENITAL HEART 75,000
    UNITED WAY OF GREATER LOS ANGELES
    523 W SIXTH STREET
    LOS ANGELES,CA90014     		NONE 501(C)(3) FOR GENERAL FUND 1,000
    USC LUSK CENTER FOR REAL ESTATE
    650 CHILDS WAY RGL 331
    LOS ANGELES,CA90086     		NONE 501(C)(3) GENERAL OPERATING SUPPORT 10,000
    CROSSROADS SCHOOL
    1714 21ST STREET
    SANTA MONICA,CA90404     		NONE 501(C)(3) PS SCIENCE ELEMENTAR CLASSROOM PROGRAM 20,000
    OPERATION SMILE
    3641 FACULTY BLVD
    VIRGINIA BEACH,VA23453     		NONE 501(C)(3) FOR GENERAL FUND 10,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE 501(C)(3) DR BUDDE TARGETING CCR4 FOR T CELL LYMPHOMA 150,000
    ALZHEIMER'S ASSOCIATION
    5900 WILSHIRE BLVD 1700
    LOS ANGELES,CA90036     		NONE 501(C)(3) INDIVIDUAL RESEARCH GRANT SPONSORSHIP 25,000
    CROSSROADS SCHOOL
    1714 21ST STREET
    SANTA MONICA,CA90404     		NONE 501(C)(3) LEARNING SPECIALIST POSITION 25,000
    LOS ANGELES REGIONAL FOOD BANK
    1734 E 41ST STREET
    LOS ANGELES,CA90058     		NONE 501(C)(3) GENERAL FUND 25,000
    NORTHRIDGE YMCA
    11336 CORBIN AVENUE
    NORTHRIDGE,CA91326     		NONE 501(C)(3) BOOSTER CLUB DINNER 32 3,500
    OPERATION MENDUCLA HEALTH SCIENCES
    1920 WILSHIRE BLVD SUITE 900
    LOS ANGELES,CA90024     		NONE 501(C)(3) OPERATION MEND CARE FUND 5,000
    CEDARS SINAI
    8700 BEVERLY BLVD SUITE 2416
    LOS ANGELES,CA90048     		NONE 501(C)(3) DR. STANLEY JORDAN-TRANSPLANT PATIENTS 25,000
    JEWISH FEDERATION
    6505 WILSHIRE BLVD
    LOS ANGELES,CA90048     		NONE 501(C)(3) PJ LIBRARY 10,000
    HOMEAID LOS ANGELES
    350 SOUTH BIXEL STREET SUITE 100
    LOS ANGELES,CA90017     		NONE 501(C)(3) NATIONAL HEALTH FOUNDATION PROJECT 5,000
    UC BERKELEY
    1603 FOURTH STREET SUITE 220
    BERKELEY,CA94710     		NONE 501(C)(3) HELEN WILLS NEUROSCIENCE INSTITUTE-DR. DANIELA KAUFER 25,000
    CROHNS COLITIS FOUNDATION
    10350 SANTA MONICA BLVD SUITE 120
    LOS ANGELES,CA90025     		NONE 501(C)(3) GENETICS INITIATIVE 10,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE 501(C)(3) DR. SAUL PRICEMAN RESEARCH IN IMMUNOTHERAPY 50,000
    CITY OF HOPE
    1500 E DUARTE ROAD
    DUARTE,CA91010     		NONE 501(C)(3) DR. WANG RESEARCH: CAR T-CELL THERAPY FOR CNS LYMPHOMA 100,000
    LEUKEMIA LYMPHOMA SOCIETY
    4929 WILSHIRE BLVD 800
    LOS ANGELES,CA90010     		  501(C)(3) LLS WALK 1,400
    Total .................................bullet 3a 752,900
    bApproved for future payment
    LEUKEMIA LYMPHOMA SOCIETY
    4929 WILSHIRE BLVD 800
    LOS ANGELES,CA90010     		  501(C)(3) PREDICTING RISK AND INDIVIDUALIZING THERAPY FOR LYMPHOMA 330,000
    Total .................................bullet 3b 330,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 68,333  
    4 Dividends and interest from securities....     14 370,054  
    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 ............     		    18 828,711  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aINCOME-BAIN CAPITAL     		    14 6,747  
    bINCOME-ENERGY CAPITAL PTR     14 35,347  
    cINCOME-FREEDOM FINANC DEBT FD     14 11,011  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,320,203  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,320,203
    (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
    BORSTEIN FAMILY FOUNDATION
     
    Employer identification number

    95-4716815
    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
    BORSTEIN FAMILY FOUNDATION
          		Employer identification number
    95-4716815
    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
    ALAN S BORSTEIN
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 543,927


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ALAN S BORSTEIN
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 2,033,460


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    ALAN S BORSTEIN
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 1,508,507


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    ALAN S BORSTEIN
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 2,016,240


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    ALAN S BORSTEIN
    930 MORAGA DRIVE
     
    LOS ANGELES, CA90049

    		$ 1,924,470


    (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
    BORSTEIN FAMILY FOUNDATION
          		Employer identification number

    95-4716815
    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
    1
    		 4,100 SHS APPLE, INCORPORATED (AAPL) $ 543,927 2020-09-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 9,000 SHS MICROSOFT CORPORATION (MSFT) $ 2,033,460 2020-09-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 12,100 SHS APPLE, INCORPORATED (AAPL) $ 1,508,507 2020-09-03
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    4
    		 16,000 SHS APPLE, INCORPORATED (AAPL) $ 2,016,240 2020-12-15
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    5
    		 9,000 SHS MICROSOFT CORPORATION (MSFT) $ 1,924,470 2020-12-15
    (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
    BORSTEIN FAMILY FOUNDATION
          		Employer identification number

    95-4716815
    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 InvestmentsCorpBondsSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PRUDENTIAL PLC 25,000 28,890
    JP MORGAN CHASE & CO    
    AT&T INC    
    LAM RESEARCH CORP    
    APPLE INC 101,506 100,119
    CITIBANK NA    
    HSBC HOLDINGS PLC 293,100 303,123
    COMCAST CORP    
    PRECISION CASTPARTS CORP 266,499 276,240

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE LTD 13,355 130,605
    AMERICAN EXPRESS CO 108,082 196,479
    APPLE INC 1,531,088 1,857,660
    AT&T INC 383,845 345,120
    TRUIST FINANCIAL CORP (BB&T CORP) 60,970 91,067
    CENTERPOINT ENERGY INC    
    CHEVRON CORP 258,748 236,460
    COCA COLA CO 119,169 202,908
    CVS/CAREMARK CORPORATION 152,081 165,628
    DANAHER CORP 203,820 444,280
    EXXON MOBIL CORPORATION 184,951 90,684
    GENERAL ELECTRIC CO 84,745 64,800
    HEWLETT PACKARD CO    
    HOME DEPOT INC 176,686 478,116
    HONEYWELL INTERNATIONAL INC 78,169 366,907
    INTEL CORP COMM 55,974 112,095
    INTERNATIONAL BUSINESS MACHINE CORP 77,124 94,410
    JOHNSON & JOHNSON 82,986 196,725
    JP MORGAN CHASE & CO 151,987 457,452
    MCDONALDS CORP 162,549 364,786
    MERCK & CO INC 38,040 81,800
    MICROSOFT CORP 650,927 1,423,488
    ORACLE CORPORATION    
    PEPSICO INC 114,997 222,450
    PFIZER INC 77,998 195,093
    PHILIP MORRIS INTERNATIONAL INC 65,017 115,906
    PNC FINANCIAL SERVICES CORP    
    PROCTOR & GAMBLE CO 94,306 194,796
    SCHLUMBERGER LTD    
    SHERWIN WILLIAMS CO 249,037 587,928
    THERMO FISHER SCIENTIFIC INC 300,227 745,248
    TRAVELERS COMPANIES INC 74,858 238,629
    UNION PACIFIC CORP 255,900 333,152
    RAYTHEON TECHNOLOGIES CORP 69,821 92,963
    US BANCORP DEL    
    WALMART STORES INC 118,609 163,065
    WALT DISNEY CO 372,691 724,720
    AMGEN INC 89,970 183,936
    COSTCO WHOLESALE CORP 48,821 150,712
    ABBOTT LABS 203,308 492,705
    AUTOMATIC DATA PROCESSING INC 120,920 312,755
    VERIZON COMMUNICATIONS 140,890 176,250
    BANK OF AMERICA CORP 110,186 215,201
    UNITEDHEALTH GROUP INC 69,199 175,340
    CISCO SYSTEMS INC 331,455 366,950
    HP INC 272,691 393,440
    AMAZON COM INC 655,906 1,139,925
    CHARTER COMMUNICATIONS INC 136,140 198,465
    CITIGROUP INC 90,683 110,988
    ZOETIS INC 44,469 182,050
    ALPHABET INC CL A 215,979 446,923
    MASTERCARD INC 47,089 178,470
    DUKE ENERGY HOLDING CORP 79,827 91,560
    ROYAL DUTCH SHELL PLC    
    CATEPILLAR INC 122,028 127,414
    EMERSON ELECTRIC CO 144,804 160,740
    ANALOG DEVICES INC 250,093 443,190
    FISERV INC 146,060 193,562
    SALESFORCE COM INC 92,452 222,530
    SPDR S&P 500 ETF TRUST 795,765 1,121,640
    DEERE & CO 199,174 316,134
    FORTIVE CORP 56,270 63,738
    AMPHENOL CORP CL A 172,874 248,463
    AMEX UTILITIES SPDR 362,375 388,740
    PAYPAL HOLDINGS INC 141,643 281,040
    FOX CORP    
    MOLENDEZ INTERNATIONAL INC 206,895 233,880
    CONOCOPHILLIPS 172,391 119,970
    OCCIDENTAL PETE CORP    
    BRISTOL MYERS SQUIBB CO    
    ELI LILLY & CO COM 223,140 270,144
    WABTEC CORP 121,040 147,132
    ADOBE INC 96,470 175,042
    DOW INC    
    DUPONT DE NEMOURS INC    
    LOWES COS INC 342,898 353,122
    WALMART INC 94,941 230,640
    GOLDMAN SACHS GROUP INC 120,837 131,855
    MORGAN STANLEY COM 198,272 274,120
    VIATRIS INC 4,297 12,312
    BROADCOM INC 251,740 306,495
    QUALCOMM INC 330,884 457,020
    VONTIER CORP 9,710 12,024
    MOTOROLA SOLUTIONS INC 167,130 221,078
    T-MOBILE US INC 116,480 134,850
    MEDTRONIC PLC 217,855 234,280

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    US Government Securities - End of Year Book Value:

    798,697
    US Government Securities - End of Year Fair Market Value:

    814,996
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALEXANDER & BALDWIN INC (REIT) AT COST    
    SANKATY MIDDLE MARKET OPP FUND II-A AT COST 225,792 204,793
    KILROY REALTY CORP COM (REIT) AT COST 92,794 71,750
    PROLOGIS, INC (REIT) AT COST 242,336 398,640
    ENERGY CAPITAL PARTNERS IV-B AT COST 157,738 180,187
    FREEDOM FINANCIAL DEBT FUND I LP AT COST 1,006,901 1,000,000
    ISHARES PREFERRED AND INCOME SEC AT COST 445,695 469,822

    TY 2020 OtherAssetsSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER RECEIVABLE 5,313 4,740  
    Rounding   4  


    TY 2020 OtherExpensesSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AGENCY FEES 87,625 87,625    
    FILING FEE 10     10
    OTHER EXPENSES 67      
    REGISTRATION/RENEWAL FEE 150     150


    TY 2020 OtherIncomeSchedule2
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INCOME-BAIN CAPITAL 6,747 6,747  
    INCOME-ENERGY CAPITAL PTR 35,347 35,347  
    INCOME-FREEDOM FINANC DEBT FD 11,011 11,011  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administration & grant management 26,530 0 0 26,530
    AUDIT & TAX PREPARATION 10,800 5,400 0 5,400


    TY 2020 TaxesSchedule
    Name:
    BORSTEIN FAMILY FOUNDATION
    EIN:
    95-4716815
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,358 1,358    
    U.S. TREASURY-EXCISE TAX 33,000