Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
TROESH FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1370 JET STREAM DR NO 100
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HENDERSON, NV89052
A Employer identification number

33-0885955
B Telephone number (see instructions)

(702) 889-0828
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$100,084,768
J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,369,124 1,369,124  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,424,710
b Gross sales price for all assets on line 6a 33,047,391
7 Capital gain net income (from Part IV, line 2)... 9,424,710
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)....... 1,072,660 1,072,660  
12 Total. Add lines 1 through 11........ 11,866,494 11,866,494  
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)....... 1,950 0   1,950
c Other professional fees (attach schedule).... 150,239 150,239   0
17 Interest............... 236 236   0
18 Taxes (attach schedule) (see instructions)... 79,172 79,172   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 2,817 2,129   688
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 234,414 231,776   2,638
25 Contributions, gifts, grants paid....... 19,198,027 19,198,027
26 Total expenses and disbursements. Add lines 24 and 25 19,432,441 231,776   19,200,665
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,565,947
b Net investment income (if negative, enter -0-) 11,634,718
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............. 193,346 88,185 88,185
2 Savings and temporary cash investments.........      
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   16,475,868 0 0
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 bullet181,138
Less: accumulated depreciation (attach schedule) bullet   181,138 181,138 181,138
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 76,297,499 Click to see attachment79,820,114 93,938,418
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment384,560 Click to see attachment5,877,027 Click to see attachment5,877,027
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 93,532,411 85,966,464 100,084,768
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........ 85,187,176 93,532,411
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 8,345,235 -7,565,947
29 Total net assets or fund balances (see instructions)..... 93,532,411 85,966,464
30 Total liabilities and net assets/fund balances (see instructions). 93,532,411 85,966,464
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
93,532,411
2
Enter amount from Part I, line 27a .....................
2
-7,565,947
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
85,966,464
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
85,966,464
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 DELAWARE DIVERSIFIED INCOME I (148.802 SHS)   2010-11-04 2020-07-24
b PGIM TOTAL RETURN BOND CL Z (65.740 SHS)   2010-11-04 2020-04-23
c BP PLC (2,500 SHS)   2019-05-03 2020-04-27
d BIOMARIN PHARMACEUTICAL INC (4,500 SHS)   2020-06-26 2020-09-29
e CARRIER GLOBAL CORP (3,000 SHS)   2019-07-12 2020-05-06
CHEVRONTEXACO CORP (1,000 SHS)   2019-05-03 2020-04-27
EOG RESOURCES INC (1,500 SHS)   2019-05-03 2020-04-27
EQUINIX INC (750 SHS)   2020-04-27 2020-06-26
GENERAL DYNAMICS CORP (900 SHS)   2019-09-25 2020-04-27
HILL ROM HLDGS (5,000 SHS)   2020-04-27 2020-10-07
IDEX CORP (1,500 SHS)   2019-07-12 2020-05-06
OTIS WORLDWIDE CORP (1,500 SHS)   2019-07-12 2020-06-26
RAYTHEON TECHNOLOGIES CORP (2,000 SHS)   2019-07-12 2020-05-06
RAYTHEON TECHNOLOGIES CORP (1,000 SHS)   2019-07-12 2020-06-26
REPLIGEN CORP (1,000 SHS)   2020-06-26 2020-11-11
VONTIER CORP (3,000 SHS)   2020-06-26 2020-11-11
ABBOTT LABORATORIES (2,500 SHS)   2018-10-04 2020-06-26
AGILENT TECHNOLOGIES INC (2,500 SHS)   2018-10-04 2020-05-06
AGILENT TECHNOLOGIES INC (5,000 SHS)   2018-10-04 2020-10-07
BP PLC (11,000 SHS)   2019-01-08 2020-04-27
BP PLC (1,500 SHS)   2019-02-11 2020-04-27
BERKSHIRE HATHAWAY INC DEL (400 SHS)   2018-10-04 2020-11-11
BOEING CO/THE (2,000 SHS)   2018-10-04 2020-04-27
BOSTON SCIENTIFIC CORP COM (2,500 SHS)   2018-10-04 2020-06-26
CARRIER GLOBAL CORP (2,000 SHS)   2018-11-28 2020-05-06
CHEVRONTEXACO CORP (5,500 SHS)   2018-10-04 2020-04-27
CHEVRONTEXACO CORP (500 SHS)   2019-04-26 2020-04-27
COSTCO WHOLESALE CORP (250 SHS)   2018-10-04 2020-05-06
WALT DISNEY CO/THE (1,500 SHS)   2018-10-04 2020-10-07
DOW INC (2,166 SHS)   2018-10-29 2020-04-27
DUPONT DE NEMOURS INC (2,166.67 SHS)   2018-10-29 2020-04-27
DUPONT DE NEMOURS INC (1,233.33 SHS)   2019-04-26 2020-04-27
EOG RESOURCES INC (5,700 SHS)   2018-10-04 2020-04-27
EOG RESOURCES INC (300 SHS)   2019-04-26 2020-04-27
GENERAL DYNAMICS CORP (3,600 SHS)   2018-10-04 2020-04-27
HOME DEPOT INC/THE (1,500 SHS)   2018-10-04 2020-04-27
INTERCONTINENTAL EXCHANGE INC (2,500 SHS)   2019-02-11 2020-05-06
JP MORGAN CHASE & CO (2,500 SHS)   2018-10-04 2020-07-06
JP MORGAN CHASE & CO (3,255 SHS)   2018-10-04 2020-10-07
MERCK & CO INC (2,500 SHS)   2018-10-04 2020-11-11
NORTHROP GRUMMAN CORP (800 SHS)   2018-10-04 2020-06-26
NORTHROP GRUMMAN CORP (1,500 SHS)   2018-10-04 2020-06-26
NVIDIA CORP (1,500 SHS)   2018-10-04 2020-06-26
OTIS WORLDWIDE CORP (1,000 SHS)   2018-11-28 2020-06-26
RAYTHEON TECHNOLOGIES CORP (2,000 SHS)   2018-11-28 2020-06-26
SALESFORCE COM INC (500 SHS)   2018-10-04 2020-11-11
TELADOC INC (2,500 SHS)   2018-10-04 2020-06-26
TELADOC INC (2,500 SHS)   2018-10-04 2020-10-07
THERMO FISHER SCIENTIFIC INC (500 SHS)   2018-10-04 2020-05-06
THERMO FISHER SCIENTIFIC INC (500 SHS)   2018-10-04 2020-06-26
ZOETIS INC (4,000 SHS)   2019-09-25 2020-11-11
CITIGROUP INC (10,000 SHS)   2018-10-04 2020-05-06
SUBCY (223,100 SHS)   2020-03-12 2020-11-24
SUBCY (15,000 SHS)   2020-03-18 2020-11-27
UMH PROPERTIES INC REIT SBI (8,958 SHS)   2020-03-18 2020-06-04
UMH PROPERTIES INC REIT SBI (100,000 SHS)   2020-03-18 2020-06-05
UMH PROPERTIES INC REIT SBI (50,000 SHS)   2020-03-24 2020-06-08
UMH PROPERTIES INC REIT SBI (5,802 SHS)   2020-04-02 2020-06-09
UMH PROPERTIES INC REIT SBI (1,004 SHS)   2020-04-02 2020-06-10
UMH PROPERTIES INC REIT SBI (3,199 SHS)   2020-04-02 2020-07-06
UMH PROPERTIES INC REIT SBI (8,536 SHS)   2020-04-02 2020-08-07
UMH PROPERTIES INC REIT SBI (81,459 SHS)   2020-04-02 2020-08-10
UMH PROPERTIES INC REIT SBI (73,311 SHS)   2020-04-03 2020-08-11
UMH PROPERTIES INC REIT SBI (56,689 SHS)   2020-04-03 2020-08-12
UMH PROPERTIES INC REIT SBI (26,294 SHS)   2020-04-06 2020-08-13
UMH PROPERTIES INC REIT SBI (9,903 SHS)   2020-04-07 2020-08-21
ACGYF (450,542 SHS)   2020-03-12 2020-11-25
ACGYF (303,402 SHS)   2020-03-16 2020-11-27
ACGYF (133,789 SHS)   2020-03-16 2020-11-30
ACGYF (1,036 SHS)   2020-03-18 2020-12-01
ACGYF (236,342 SHS)   2020-03-18 2020-12-04
MORGAN STANLEY 019 - CAPITAL GAIN DISTRIBUTION P    
UBS 03914 - CAPITAL GAIN DISTRIBUTION P    
THE VARDE SCRATCH AND DENT FEEDER, LP - LT CAP GAIN P    
SWITCH, LTD. P   2020-11-05
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,388   1,434 -46
b 936   938 -2
c 59,154   108,154 -49,000
d 343,489   552,772 -209,283
e 47,906   74,052 -26,146
87,836   117,680 -29,844
65,087   138,060 -72,973
522,828   528,252 -5,424
118,902   167,355 -48,453
437,440   574,695 -137,255
228,525   255,376 -26,851
84,313   103,570 -19,257
117,724   145,727 -28,003
60,999   72,863 -11,864
195,474   114,941 80,533
87,268   74,652 12,616
224,295   178,656 45,639
191,671   176,444 15,227
520,204   352,889 167,315
260,277   440,690 -180,413
35,492   63,506 -28,014
91,282   87,029 4,253
256,401   772,922 -516,521
84,373   94,650 -10,277
31,937   45,704 -13,767
483,097   684,390 -201,293
43,918   57,973 -14,055
77,473   57,861 19,612
184,550   173,001 11,549
72,932   114,948 -42,016
93,105   168,736 -75,631
52,998   104,271 -51,273
247,332   739,752 -492,420
13,017   29,338 -16,321
475,607   737,997 -262,390
329,468   298,169 31,299
233,132   188,165 44,967
234,518   285,669 -51,151
324,687   371,940 -47,253
202,554   176,770 25,784
240,523   252,702 -12,179
467,151   473,816 -6,665
569,957   415,208 154,749
56,209   63,922 -7,713
121,997   134,912 -12,915
127,505   77,185 50,320
507,589   195,628 311,961
558,496   195,628 362,868
168,751   121,350 47,401
176,236   121,350 54,886
655,246   498,318 156,928
420,352   720,936 -300,584
2,177,474   995,587 1,181,887
146,510   56,143 90,367
118,506   81,683 36,823
1,383,624   889,504 494,120
689,562   482,148 207,414
79,670   56,795 22,875
13,699   9,828 3,871
43,887   31,314 12,573
117,488   83,349 34,139
1,120,772   791,429 329,343
1,013,386   710,254 303,132
784,806   548,724 236,082
365,047   253,041 112,006
137,492   95,839 41,653
4,395,836   2,195,533 2,200,303
2,989,099   1,413,022 1,576,077
1,306,081   623,900 682,181
9,999   4,732 5,267
2,349,159   1,022,921 1,326,238
15,375     15,375
261     261
2,936     2,936
2,493,121   573,989 1,919,132
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       -46
b       -2
c       -49,000
d       -209,283
e       -26,146
      -29,844
      -72,973
      -5,424
      -48,453
      -137,255
      -26,851
      -19,257
      -28,003
      -11,864
      80,533
      12,616
      45,639
      15,227
      167,315
      -180,413
      -28,014
      4,253
      -516,521
      -10,277
      -13,767
      -201,293
      -14,055
      19,612
      11,549
      -42,016
      -75,631
      -51,273
      -492,420
      -16,321
      -262,390
      31,299
      44,967
      -51,151
      -47,253
      25,784
      -12,179
      -6,665
      154,749
      -7,713
      -12,915
      50,320
      311,961
      362,868
      47,401
      54,886
      156,928
      -300,584
      1,181,887
      90,367
      36,823
      494,120
      207,414
      22,875
      3,871
      12,573
      34,139
      329,343
      303,132
      236,082
      112,006
      41,653
      2,200,303
      1,576,077
      682,181
      5,267
      1,326,238
      15,375
      261
      2,936
      1,919,132
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 9,424,710
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................................ 1 161,723
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........................... 3 161,723
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- ..... 5 161,723
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 288,402
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 288,402
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 126,679
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet126,679 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)
    bulletNV
    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 ofbulletTROESH FAMILY FOUNDATION Telephone no.bullet (702) 889-0828

    Located atbullet1370 JET STREAM DR 100HENDERSONNV ZIP+4bullet89052
    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
     
     
    ........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
    DENNIS TROESH PRESIDENT/DIRECTOR
    2.00
    0 0 0
    1370 JET STREAM DR 100
    HENDERSON,NV89052
    JEFFREY TROESH TREASURER/DIRECTOR
    0.00
    0 0 0
    1370 JET STREAM DR 100
    HENDERSON,NV89052
    LAURIE MATTSON SECRETARY/DIRECTOR
    0.00
    0 0 0
    1370 JET STREAM DR 100
    HENDERSON,NV89052
    CARRIE TROESH DIRECTOR
    0.00
    0 0 0
    1370 JET STREAM DR 100
    HENDERSON,NV89052
    JON TROESH DIRECTOR
    0.00
    0 0 0
    1370 JET STREAM DR 100
    HENDERSON,NV89052
    CAROL TROESH DIRECTOR
    2.00
    0 0 0
    1370 JET STREAM DR 100
    HENDERSON,NV89052
    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
    NONE
    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
    90,616,055
    b
    Average of monthly cash balances.......................
    1b
    849,428
    c
    Fair market value of all other assets (see instructions)................
    1c
    181,138
    d
    Total (add lines 1a, b, and c).........................
    1d
    91,646,621
    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
    91,646,621
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,374,699
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    90,271,922
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,513,596
    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
    4,513,596
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    161,723
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    161,723
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,351,873
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,351,873
    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
    4,351,873
    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
    19,200,665
    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
    19,200,665
    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
    19,200,665
    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 4,351,873
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 6,186,261
    c From 2017...... 9,513,443
    d From 2018...... 10,631,948
    e From 2019...... 14,292,566
    fTotal of lines 3a through e........ 40,624,218
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 19,200,665
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
    0
    c Treated as distributions out of corpus (Election
    required—see instructions)........
    0
    d Applied to 2020 distributable amount..... 4,351,873
    e Remaining amount distributed out of corpus 14,848,792
    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 55,473,010
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........
    0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
    0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...
    0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......
    55,473,010
    10 Analysis of line 9:
    a Excess from 2016.... 6,186,261
    b Excess from 2017.... 9,513,443
    c Excess from 2018.... 10,631,948
    d Excess from 2019.... 14,292,566
    e Excess from 2020.... 14,848,792
    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
    2000-06-07
    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).)
    DENNIS TROESH
    CAROL TROESH
    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
    AMERICANS FOR PROSPERITY FOUNDATION
    1310 N COURTHOUSE RD SUITE 700
    ARLINGTON,VA22201
      PC GENERAL PROGRAM 200,000
    BIBLICA THE INTERNATIONAL BIBLE SOCIETY
    1820 JET STREAM DRIVE
    COLORADO SPRINGS,CO809213696
      PC GENERAL PROGRAM 10,000
    CALIFORNIA BAPTIST UNIVERSITY
    8432 MAGNOLIA AVENUE
    RIVERSIDE,CA92504
      PC COLLEGE OF ENGINEERING BUILDING FUND 2,000,000
    CALIFORNIA INSTITUTE OF TECHNOLOGY
    1200 E CALIFORNIA BLVD MC 5-32
    PASADENA,CA91125
      PC DISTINGUISHED SCHOLARS CHALLENGE FUND 500,000
    CALIFORNIA POLICY CENTER
    18002 IRVINE BLVD STE 110
    TUSTIN,CA92780
      PC GENERAL PROGRAM 25,000
    CHAPMAN UNIVERSITY
    ONE UNIVERSITY DRIVE
    ORANGE,CA92866
      PC GENERAL PROGRAM 904,905
    CHARLES KOCH FOUNDATION
    1320 N COURTHOUSE ROAD SUITE 500
    ARLINGTON,VA22201
      PC SAN JOSE STATE UNIVERSITY PROGRAM 830,500
    CHRISTOPHER SMITH FOUNDATION
    8565 S EASTERN AVE SUITE 150
    LAS VEGAS,NV89123
      PC GENERAL PROGRAM 10,000
    CITY IMPACT FOUNDATION
    950 E SAHARA AVENUE
    LAS VEGAS,NV89134
      PC MAKE AN IMPACT 2019 10,000
    COLLABORATION CENTER FOUNDATION
    8390 W WINDMILL LN
    LAS VEGAS,NV89113
      PC LIGHTS AND SOUND FOR CHRISTMAS 6,500
    DUCKS UNLIMITED
    ONE WATERFOWL WAY
    MEMPHIS,TN38120
      PC GENERAL PROGRAM 20,000
    FAMILY RESEARCH COUNCIL
    801 G STREET NW
    WASHINGTON,DC20001
      PC GENERAL PROGRAM 125,000
    FOCUS ON THE FAMILY
    8605 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920
      PC GENERAL PROGRAM 2,000
    FRANKLIN GRAHAM MINISTRY
    PO BOX 3000
    BOONE,NC28607
      PC GENERAL PROGRAM 2,000
    FRATERNITY OF THE DESERT BIGHORN
    PO BOX 27494
    LAS VEGAS,NV891261494
      PC GENERAL PROGRAM 155,768
    FRIENDS OF THE CHILDREN
    44 NE MORRIS STREET
    PORTLAND,OR97212
      PC GENERAL PROGRAM 66,667
    HEART GIFTS
    4045 SE TAYLOR STREET
    PORTLAND,OR97214
      PC CHRISTMAS CARD PROGRAM 30,000
    INSTITUTE FOR CREATION RESEARCH
    PO BOX 59029
    DALLAS,TX75229
      PC GENERAL PROGRAM 2,000
    INSTITUTE FOR HUMANE STUDIES AT GEORGE MASON UNIVERSITY
    VERNON SMITH HALL 1ST FLOOR 3434
    WASHINGTON BLVD
    ARLINGTON,VA22201
      PC GENERAL PROGRAM 100,000
    JEWS FOR JESUS
    60 HAIGHT STREET
    SAN FRANCISCO,CA941025895
      PC GENERAL PROGRAM 1,000
    LINCOLN CLUB OF ORANGE COUNTY
    PO BOX 895
    NEWPORT BEACH,CA92658
      PC PARA BELLUM PROJECT, DECISION POINT PROJECT 70,000
    LOMA LINDA UNIVERSITY CHILDREN'S HOSPITAL
    11234 ANDERSON ST
    LOMA LINDA,CA92354
      PC 2018 TOTAL GIVING 333,333
    LOMA LINDA UNIVERSITY HEALTH
    25455 BARTON RD 102B
    LOMA LINDA,CA92354
      PC VISION 2020 FOR HOSPITAL EXPANSION 10,000,000
    MIKE ROWE WORKS FOUNDATION
    10960 WILSHIRE BLVD 5TH FLOOR
    LOS ANGELES,CA900243708
      PC GENERAL PROGRAM 250,000
    MOUNTAIN FOUNTAIN CREATIONS
    1001 A EAST HARMONY RD UNIT 271
    FORT COLLINS,CO805253354
      PC GENERAL PROGRAM 25,000
    MY POSSIBILITES
    3601 MAPLESHADE LANE
    PLANO,TX75075
      PC GENERAL PROGRAM 500,000
    MYCHAL'S LEARNING PLACE
    4901 W ROSECRANS AVENUE
    HAWTHORNE,CA90250
      PC THE GREAT CALIFORNIA SANTA STROLL 50,000
    NEVADA BALLET THEATRE
    1651 INNER CIRCLE
    LAS VEGAS,NV89134
      PC NUTCRACKER SPONSOR 25,000
    NEVADA RIGHT TO LIFE
    PO BOX 18924
    RENO,NV89511
      PC GENERAL PROGRAM 7,500
    NOAH HOMES
    12526 CAMPO RD
    SPRING VALLEY,CA91978
      PC ENCHANTED VILLAGE SUPPORT 85,000
    PARADISE SDA CHURCH
    4575 SOUTH SANDHILL ROAD
    LAS VEGAS,NV89121
      PC GENERAL PROGRAM 12,000
    RMC RESEARCH & EDUCATION FOUNDATION
    900 SPRING STREET
    SILVER SPRING,MD20910
      PC GENERAL PROGRAM 600,000
    SALVATION ARMY
    615 SLATERS LANE
    ALEXANDRIA,VA22314
      PC GENERAL PROGRAM 1,000
    SAMARITAN'S PURSE
    PO BOX 3000
    BOONE,NC28607
      PC GENERAL PROGRAM 2,000
    SOUTHWEST RADIO MINISTRIES
    PO BOX 76834
    OKLAHOMA CITY,OK73147
      PC GENERAL PROGRAM 2,000
    STAND TOGETHER FOUNDATION
    1320 N COURTHOUSE ROAD SUITE 500
    ARLINGTON,VA22201
      PC GENERAL PROGRAM 100,000
    TEEN CHALLENGE NORWESTCAL NEVADA
    PO BOX 24309
    SAN JOSE,CA951544309
      PC LVO BANQUET SPONSORSHIP AND GIFTS 85,000
    TEEN CHALLENGE OF SOUTHERN CALIFORNI
    5445 CHICAGO AVE
    RIVERSIDE,CA92507
      PC GENERAL PROGRAM 225,000
    THE CROSSING A CHRISTIAN CHURCH
    7950 W WINDMILL LANE
    LAS VEGAS,NV89113
      PC GENERAL FUND: WEST HENDERSON 12,000
    THE JOSHUA FUND
    PO BOX 2589
    MONUMENT,CO80132
      PC GENERAL PROGRAM 2,000
    THE PUBLIC EDUCATION FOUNDATION
    4350 SOUTH MARYLAND PARKWAY
    LAS VEGAS,NV89119
      PC GENERAL FUND 50,000
    THE SMITH CENTER
    361 SYMPHONY PARK AVE
    LAS VEGAS,NV89106
      PC ENDOWMENT FUND 200,000
    TURNING POINT USA
    4940 EAST BEVERLY ROAD
    PHOENIX,AZ85044
      PC GENERAL PROGRAM 50,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    3601 TROUSDALE PARKWAY
    LOS ANGELES,CA900890894
      PC FOUNDER CENTRAL INITIATIVE AT THE USC MARSHALL SCHOOL OF BUSINESS 400,000
    UNLV FOUNDATION
    4505 S MARYLAND PARKWAY
    LAS VEGAS,NV891541006
      PC TROESH CENTER FOR ENTERPRENEURSHIP AND INNOVATION 625,000
    URBAN PROMISE INTERNATIONAL
    PO BOX 156
    PENNSAUKEN,NJ08110
      PC URBANPROMISE INTERNATIONAL MINISTRIES 30,000
    UNDAUNTED FAMILY CONNECTIONS
    PO BOX 2752
    BIGFORK,MT59911
      PC GENERAL PROGRAM 4,854
    VISION AMERICA
    1540 KELLER PKWY SUITE 108 PMB 154
    KELLER,TX76248
      PC GENERAL PROGRAM 250,000
    GEORGE MASON UNIVERSITY FOUNDATION INC
    4400 UNIVERSITY DRIVE MS 1A3
    FAIRFAX,VA22030
      PC MERCATUS CENTER 200,000
    Total .................................bullet 3a 19,198,027
    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....         1,369,124
    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.....         1,072,660
    8 Gain or (loss) from sales of assets other than
    inventory ............
            9,424,710
    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 0 11,866,494
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,866,494
    (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.)
    4 INTEREST & DIVIDEND INCOME FROM INVESTMENTS
    7 OTHER INCOME FROM INVESTMENTS
    8 GAIN ON SALE OF INVESTMENTS
    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:
    TROESH FAMILY FOUNDATION
    EIN:
    33-0885955
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 1,950 0   1,950

    TY 2020 InvestmentsOtherSchedule2
    Name:
    TROESH FAMILY FOUNDATION
    EIN:
    33-0885955
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INTESTMENTS - PARTNERSHIPS AT COST 29,222,175 29,222,175
    UBS 9382 FMV 25,675,725 28,375,791
    UBS 3914 FMV 24,067 24,067
    US TRUST 9190 FMV 23,918,970 34,989,048
    MORGAN STANLEY 0400 FMV 979,177 1,327,337

    TY 2020 OtherAssetsSchedule
    Name:
    TROESH FAMILY FOUNDATION
    EIN:
    33-0885955
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ESTMATED TAX PAYMENTS 384,560 301,939 301,939
    ACCRUED INTEREST/DIVIDENDS 0 450 450
    COLLABORATION CENTER (M1163) 0 2,460,000 2,460,000
    SWITCH SHARES RECEIVABLE 0 3,114,638 3,114,638


    TY 2020 OtherExpensesSchedule
    Name:
    TROESH FAMILY FOUNDATION
    EIN:
    33-0885955
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES & PERMITS 400 0   400
    SWITCH - CHARITABLE CONTRIBUTIONS 288 0   288
    SWITCH - NONDEDUCTIBLE EXPENSE 2,129 2,129   0


    TY 2020 OtherIncomeSchedule2
    Name:
    TROESH FAMILY FOUNDATION
    EIN:
    33-0885955
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SWITCH -60,414 -60,414 -60,414
    SWITCH - 1245 RECAPTURE 573,989 573,989 573,989
    VARDE SCRATCH & DENT FEEDER 0 0 0
    VARDE INVESTMENT PARTNERS (OFFSHORE), LTD. 563,648 563,648 563,648
    UNREALIZED GAIN/LOSS -4,563 -4,563 -4,563


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    TROESH FAMILY FOUNDATION
    EIN:
    33-0885955
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROKER FEES 4,937 4,937   0
    MANAGEMENT FEE - UBS 03914 3,584 3,584   0
    MANAGEMENT FEE - US TRUST 9190 140,145 140,145   0
    PROFESSIONAL FEES - EASTERN CAPITAL 1,573 1,573   0


    TY 2020 TaxesSchedule
    Name:
    TROESH FAMILY FOUNDATION
    EIN:
    33-0885955
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 759 759   0
    FEDERAL INCOME TAX 78,413 78,413   0