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
BREYER FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)314 LYTTON AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PALO ALTO, CA94301
A Employer identification number

47-1114091
B Telephone number (see instructions)

(650) 804-7100
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$96,496,733J 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) 5,104,560
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,281,587 1,281,587  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,788,874
b Gross sales price for all assets on line 6a 10,821,966
7 Capital gain net income (from Part IV, line 2)... 5,493,567
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 203,800 203,800  
12 Total. Add lines 1 through 11........ 8,378,821 6,978,954  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 154,895 77,448   68,094
c Other professional fees (attach schedule).... Click to see attachment 314,462 314,462   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 228,263 36,263   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 767 412   120
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 698,387 428,585   68,214
25 Contributions, gifts, grants paid....... 4,831,340 4,586,266
26 Total expenses and disbursements. Add lines 24 and 25 5,529,727 428,585   4,654,480
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,849,094
b Net investment income (if negative, enter -0-) 6,550,369
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............. 50,327 43,840 43,840
2 Savings and temporary cash investments......... 11,328,849 11,557,011 11,557,011
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..........   19,000 19,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 51,157,739 Click to see attachment57,809,358 57,809,358
c Investments—corporate bonds (attach schedule)....... 21,101,609 Click to see attachment22,557,608 22,557,608
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,583,943 Click to see attachment4,509,916 4,509,916
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 86,222,467 96,496,733 96,496,733
Liabilities 17 Accounts payable and accrued expenses.......... 94,367 28,143
18 Grants payable.................   245,074
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) Click to see attachment174,000 Click to see attachment240,000
23 Total liabilities (add lines 17 through 22)......... 268,367 513,217
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........... 85,954,100 95,983,516
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    
29 Total net assets or fund balances (see instructions)..... 85,954,100 95,983,516
30 Total liabilities and net assets/fund balances (see instructions). 86,222,467 96,496,733
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
85,954,100
2
Enter amount from Part I, line 27a .....................
2
2,849,094
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,180,322
4
Add lines 1, 2, and 3 ..........................
4
95,983,516
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
95,983,516
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES   2020-01-09 2020-03-31
b ALTERNATIVE INVESTMENTS P 2017-02-28 2020-07-08
c
d
e
(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 10,699,839   5,328,399 5,371,440
b 122,127     122,127
c
d
e
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       5,371,440
b       122,127
c
d
e
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 5,493,567
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 91,050
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 91,050
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 91,050
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 111,547
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 126,547
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 35,497
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet35,497 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, DE
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletAPERCEN PARTNERS LLC Telephone no.bullet (650) 804-7100

    Located atbullet314 LYTTON AVEPALO ALTOCA ZIP+4bullet94301
    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
    JAMES W BREYER PRESIDENT/DIRECTOR
    1.00     		0 0 0
    455 N CITYFRONT PLAZA DRIVE STE
    1730
    CHICAGO,IL60611
    DANIEL BREYER TREASURER
    1.00     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    TOM VAN LOBEN SELS SECRETARY
    1.00     		0 0 0
    314 LYTTON AVE
    PALO ALTO,CA94301
    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
    CAPITAL GROUP INVESTMENT MANAGEMENT 399,629
    ONE MARKET PLAZA STEUART TOWER
    SAN FRANCISCO,CA94105
    APERCEN PARTNERS LLC ACCOUNTING & CONSULTING 112,575
    314 LYTTON AVE
    PALO ALTO,CA94301
    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
    70,543,291
    b
    Average of monthly cash balances.......................
    1b
    15,099,584
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,509,916
    d
    Total (add lines 1a, b, and c).........................
    1d
    90,152,791
    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
    90,152,791
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,352,292
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    88,800,499
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,440,025
    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
    4,440,025
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    91,050
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    91,050
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,348,975
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,348,975
    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
    4,348,975
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,654,480
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,654,480
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,654,480
    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 4,348,975
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 3,015,492
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,654,480
    a Applied to 2019, but not more than line 2a 3,015,492
    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..... 1,638,988
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,709,987
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JAMES W BREYER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN ENDOWMENT FOUNDATION
    5700 DARROW ROAD SUITE 118
    HUDSON,OH44236     		  PC BREYER FAMILY FUND 1,976,266
    AMERICAN FILM INSTITUTE
    2021 NORTH WESTERN AVENUE
    LOS ANGELES,CA90027     		  PC PRESERVE HERITAGE OF THE MOTION PICTURE 250,000
    COUNCIL ON FOREIGN RELATIONS INC
    58 EAST 68TH STREET
    NEW YORK,NY10065     		  PC 2019-2020 ANNUAL FUND 50,000
    LELAND STANFORD JUNIOR UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305     		  PC HOOVER HOUSE CIRCLE, INTERNATIONAL PROGRAMS PENDING FUND AND FUND FOR UNDERGRADUATE EDUCATION 90,000
    LELAND STANFORD JUNIOR UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305     		  PC CENTER ON PHILANTHROPY AND CIVIL SOCIETY 50,000
    LELAND STANFORD JUNIOR UNIVERSITY
    326 GALVEZ STREET
    STANFORD,CA94305     		  PC INSTITUTE FOR HUMAN-CENTERED ARTIFICIAL INTELLIGENCE 350,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVENUE 3RD FLOOR
    CAMBRIDGE,MA02138     		  PC HARVARD BUSINESS SCHOOL FUND FOR LEADERSHIP AND INNOVATION 250,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVENUE 3RD FLOOR
    CAMBRIDGE,MA02138     		  PC NITIN NOHRIA ENDOWMENT FOR BUSINESS AND SOCIETY 250,000
    SAN FRANCISCO MUSEUM OF MODERN ART
    151 THIRD STREET
    SAN FRANCISCO,CA94103     		  PC GENERAL SUPPORT, DIEGO RIVERA MURAL, COLLECTORS' FORUM, P&S ACCESSIONS AND STABILIZATION FUND 380,000
    THE METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		  PC EMERGENCY RELIEF FUND 100,000
    THE METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY10028     		  PC DIGITAL DEPARTMENT, TRUSTEE ANNUAL APPEAL, EXHIBITIONS AND DEIA PLAN 840,000
    Total .................................bullet 3a 4,586,266
    bApproved for future payment
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    1033 MASSACHUSETTS AVENUE 3RD FLOOR
    CAMBRIDGE,MA02138     		  PC NITIN NOHRIA ENDOWMENT FOR BUSINESS AND SOCIETY 250,000
    Total .................................bullet 3b 250,000
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,281,587  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,788,874  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aALTERNATIVE INVESTMENTS     		    14 203,926  
    bFOREIGN TRANSLATION LOSS     14 -126  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,274,261 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,274,261
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    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
    BREYER FAMILY FOUNDATION
     
    Employer identification number

    47-1114091
    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
    BREYER FAMILY FOUNDATION
          		Employer identification number
    47-1114091
    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
    JAMES W BREYER
    455 N CITYFRONT PLAZA DRIVE STE 173
     
    CHICAGO, IL60611

    		$ 5,104,560


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    47-1114091
    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
    		 PUBLICLY TRADED SECURITIES $ 5,104,560 2020-03-27
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    BREYER FAMILY FOUNDATION
          		Employer identification number

    47-1114091
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 154,895 77,448   68,094

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CAPITAL GROUP CORE BOND FUND 17,650,265 17,650,265
    CAPITAL WORLD BOND FUND CL F3 2,228,459 2,228,459
    SHORT TERM BOND FUND OF AMERICA INC CL F3 2,678,884 2,678,884

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD 307,112 307,112
    ABBOTT LABS 311,499 311,499
    ACTIVISION BLIZZARD INC 410,861 410,861
    ADEVINTA 80,765 80,765
    ADOBE INC 47,511 47,511
    AES CORP 151,223 151,223
    AIA GROUP LTD 643,939 643,939
    AIR PRODUCTS & CHEMICALS INC 81,966 81,966
    AIRBUS SE 384,429 384,429
    ALPHABET INC CL A 184,027 184,027
    ALPHABET INC CL C 96,353 96,353
    AMAZON.COM INC 237,756 237,756
    AMERICA MOVIL SAB 179,860 179,860
    AMERICAN FUNDS DEVELOPING WORLD GROWTH AND INCOME FUND CL F3 3,305,120 3,305,120
    AMERICAN TOWER CORP 180,690 180,690
    AMETEK INC 240,066 240,066
    ANHEUSER-BUSCH 228,767 228,767
    ANTHEM INC 78,667 78,667
    AON PLC 239,791 239,791
    APPLE INC 573,486 573,486
    ASAHI KASEI CORP 355,680 355,680
    ASML HOLDING NV 655,131 655,131
    ASTRAZENECA PLC 507,020 507,020
    B & M EUROPEAN 165,035 165,035
    BEIGENE LTD 112,400 112,400
    BRITISH AMERICAN TOBACCO 199,670 199,670
    BROADCOM INC 731,647 731,647
    CARLSBERG 476,463 476,463
    CHARTER COMMUNICATIONS INC 155,464 155,464
    CHEVRON CORP 251,999 251,999
    CHINA TOWER CORP 54,988 54,988
    CHUBB LIMITED 103,126 103,126
    CIGNA CORP 28,521 28,521
    CITIZENS FINANCIAL GROUP INC 297,523 297,523
    CME GROUP INC 178,409 178,409
    COMCAST CORP 320,688 320,688
    COMPAGNIE FINANCIERE RICHEMONT AG 1,438 1,438
    COMPAGNIE FINANCIERE RICHEMONT SA 253,828 253,828
    COSTCO WHOLESALE CORP 302,554 302,554
    CROWN CASTLE INTERNATIONAL 192,620 192,620
    CSX CORP 246,840 246,840
    DANAHER CORPORATION 215,920 215,920
    DANONE 128,054 128,054
    DBS GROUP HOLDINGS 94,755 94,755
    DEUTSCHE BOERSE 70,811 70,811
    DIAGEO 120,951 120,951
    DKSH HOLDING 65,066 65,066
    DNB ASA 263,681 263,681
    DSV 87,553 87,553
    ELECTRONIC ARTS INC 131,394 131,394
    ENEL SPA 378,467 378,467
    EQUINIX INC 139,265 139,265
    ESSILORLUXOTTICA 300,230 300,230
    EURONET WORLDWIDE INC 126,950 126,950
    FACEBOOK INC 146,141 146,141
    FIDELITY NATIONA 142,733 142,733
    FIRST REPUBLIC BANK 42,610 42,610
    GALAPAGOS NV 7,089 7,089
    GENMAB AS 213,435 213,435
    GILEAD SCIENCES INC 118,559 118,559
    GIVAUDAN SA 81,440 81,440
    GLOBAL PAYMENTS INC 67,857 67,857
    GODADDY INC 294,887 294,887
    GRIFOLS 153,261 153,261
    HAMAMATSU PHOTONIC 208,236 208,236
    HDFC BANK LTD 164,753 164,753
    HEICO CORP 63,552 63,552
    HEICO CORP CL A 77,845 77,845
    HERMES INTL 80,708 80,708
    HILTON WORLDWIDE HOLDINGS INC 118,492 118,492
    HONEYWELL INTERNATIONAL INC 203,129 203,129
    HYUNDAI MOTOR CO 83,307 83,307
    IBERDROLA SA 125,002 125,002
    IDEX CORP 285,410 285,410
    INTEL CORP 163,659 163,659
    INTERCONTINENTAL EXCHANGE INC 325,118 325,118
    INVESTMENT COMPANY OF AMERICA CL F3 21,288,969 21,288,969
    JACK HENRY & ASSOCIATES INC 145,791 145,791
    JOHNSON & JOHNSON 120,396 120,396
    JPMORGAN CHASE & CO 374,857 374,857
    KERING 253,789 253,789
    KEYENCE CORP 421,770 421,770
    KLA-TENCOR CORP 222,663 222,663
    KON KPN NV 155,933 155,933
    KONINKLIJKE PHILIPS 240,165 240,165
    KONINKLIJKE PHILIPS NV 46,424 46,424
    L'AIR LIQUIDE 80,314 80,314
    LAS VEGAS SANDS CORP 61,388 61,388
    LILLY ELI & CO 124,097 124,097
    LINDE PLC 81,688 81,688
    LINK REAL ESTATE INVESTMENT TRUST 114,373 114,373
    LONDON STOCK EXCHANGE GROUP 180,360 180,360
    LOREAL 325,479 325,479
    LVMH MOET HENNESSY VUITTON SE 72,504 72,504
    MARSH & MCLENNAN COMPANIES INC 139,815 139,815
    MERCK & CO INC 195,911 195,911
    MICROSOFT CORP 450,178 450,178
    MONDELEZ INTERNATIONAL INC 85,074 85,074
    MOODYS CORP 237,126 237,126
    MSCI INC 147,355 147,355
    MURATA MANUFACTURING CO LTD 73,600 73,600
    NESTLE SA 376,876 376,876
    NEUROCRINE BIOSCIENCES INC 31,631 31,631
    NIKE INC 91,248 91,248
    NIPPON TELEGRAPH AND TELEPHONE CORP 41,680 41,680
    NITORI HOLDINGS 42,862 42,862
    NORFOLK SOUTHERN CORP 101,459 101,459
    NORTHROP GRUMMAN CORP 230,064 230,064
    NOVO NORDISK 529,720 529,720
    OBIC CO LTD 80,325 80,325
    PERNOD RICARD 152,120 152,120
    PHILIP MORRIS INTERNATIONAL INC 152,748 152,748
    PROSUS NV 26,028 26,028
    RECKITT BENCK GROUP 361,214 361,214
    RELX PLC 44,734 44,734
    RENAISSANCERE HOLDINGS LTD 82,081 82,081
    RIO TINTO PLC 114,754 114,754
    ROYAL CARIBBEAN CRUISES LTD 194,194 194,194
    RYANAIR HOLDINGS PLC 150,123 150,123
    SAFRAN SA 595,216 595,216
    SAMSUNG ELECTRONICS LTD 293,920 293,920
    SAP SE 286,670 286,670
    SARTORIUS AG 85,333 85,333
    SEAGEN INC 410,703 410,703
    SEMPRA ENERGY 63,705 63,705
    SERVICENOW INC 152,469 152,469
    SHIN-ETSU CHEMICAL 357,300 357,300
    SHIONOGI & CO 44,200 44,200
    SMALLCAP WORLD FD INC CL F3 4,083,699 4,083,699
    SMC CORP 282,739 282,739
    STATE STR CORP 36,754 36,754
    STRAUMANN HOLDINGS 32,136 32,136
    SUZUKI MOTOR CORP 61,247 61,247
    SVENSKA HANDELSBANKEN 24,492 24,492
    TAIWAN SEMICONDUCTOR MANUFACTURING LTD 877,227 877,227
    TC ENERGY CORP 66,018 66,018
    TENCENT HOLDINGS LTD 336,060 336,060
    TERUMO CORP 132,091 132,091
    TOTAL SE 152,360 152,360
    TRANSDIGM GROUP INC 133,672 133,672
    TRIMBLE INC 100,155 100,155
    TRUIST FINANCIAL CORP 72,614 72,614
    UBS GROUP 139,322 139,322
    UNICHARM CORP 62,665 62,665
    UNILEVER PLC 93,039 93,039
    UNITEDHEALTH GROUP INC 398,022 398,022
    VERTEX PHARMACEUTICALS INC 62,630 62,630
    VF CORP 92,243 92,243
    VISA INC 505,048 505,048
    WABTEC CORP 138,128 138,128
    WASTE CONNECTIONS INC 122,138 122,138
    YUM BRANDS INC 121,584 121,584
    ZIMMER BIOMET HOLDINGS INC 104,627 104,627

    TY 2020 InvestmentsOtherSchedule2
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE SECURED LENDING FUND FMV 4,509,916 4,509,916

    TY 2020 OtherExpensesSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 245 245   0
    LICENSES & FEES 355 0   120
    OTHER INVESTMENT EXPENSES 167 167   0


    TY 2020 OtherIncomeSchedule2
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ALTERNATIVE INVESTMENTS 203,926 203,926 203,926
    FOREIGN TRANSLATION LOSS -126 -126 -126


    TY 2020 OtherIncreasesSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 7,180,322


    TY 2020 OtherLiabilitiesSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 141,000 240,000
    EXCISE TAX PAYABLE 33,000 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 314,462 314,462   0


    TY 2020 TaxesSchedule
    Name:
    BREYER FAMILY FOUNDATION
    EIN:
    47-1114091
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 36,263 36,263   0
    EXCISE TAX 192,000 0   0