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
Y&S NAZARIAN FAMILY FOUNDATION
 
% LINDA RENDELL
Number and street (or P.O. box number if mail is not delivered to street address)9595 Wilshire Blvd ste 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Beverly Hills, CA90212
A Employer identification number

95-4774321
B Telephone number (see instructions)

(310) 229-9101
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$25,386,029J 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) 261,550
2 Check bullet.............
3 Interest on savings and temporary cash investments 51,784 50,708  
4 Dividends and interest from securities... 501,569 501,569  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 436,718
b Gross sales price for all assets on line 6a 7,385,768
7 Capital gain net income (from Part IV, line 2)... 464,908
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 -458 -4,354 0
12 Total. Add lines 1 through 11........ 1,251,163 1,012,831 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000     150,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 10,860     10,860
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 52,028 26,014 0 26,014
c Other professional fees (attach schedule).... Click to see attachment 233,181 188,658 0 44,523
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 32,157 2,524 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,927 0 0 10,927
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 489,153 217,196 0 242,324
25 Contributions, gifts, grants paid....... 3,175,035 3,175,035
26 Total expenses and disbursements. Add lines 24 and 25 3,664,188 217,196 0 3,417,359
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,413,025
b Net investment income (if negative, enter -0-) 795,635
c Adjusted net income (if negative, enter -0-)... 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.............   629,003 629,003
2 Savings and temporary cash investments......... 6,689,990 1,039,140 1,039,140
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   125,104    
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..........   20,000 20,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 12,736,019 Click to see attachment8,489,204 8,489,204
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,452,062 Click to see attachment15,208,682 15,208,682
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) 2,152,549    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,155,724 25,386,029 25,386,029
Liabilities 17 Accounts payable and accrued expenses.......... 156 65
18 Grants payable.................   1,168,750
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)......... 156 1,168,815
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 26,155,568 24,217,214
29 Total net assets or fund balances (see instructions)..... 26,155,568 24,217,214
30 Total liabilities and net assets/fund balances (see instructions). 26,155,724 25,386,029
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
26,155,568
2
Enter amount from Part I, line 27a .....................
2
-2,413,025
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,780,523
4
Add lines 1, 2, and 3 ..........................
4
25,523,066
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,305,852
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,217,214
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 STCG - COVERED      
b LTCG - COVERED      
c STCG - NON-COVERED      
d WASH SALE      
e CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,838,004   4,907,113 -69,109
b 504,897   454,166 50,731
c 1,997,220   1,559,581 437,639
d 31,098   0 31,098
e       14,549
      14,549
      14,549
      14,549
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       -69,109
b       50,731
c       437,639
d       31,098
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 2 464,908
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 11,059
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 11,059
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,059
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 46,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 228
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 34,713
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet34,713 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.yandsnazarianfamilyfoundation.com
    14
    The books are in care ofbulletLINDA RENDELL Telephone no.bullet (310) 229-9101

    Located atbullet9595 WILSHIRE BLVD STE 600Beverly HillsCA ZIP+4bullet90212
    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
    Younes Nazarian Trustee
    1.0     		0 0 0
    9595 Wilshire Blvd ste 600
    Beverly Hills,CA90212
    Soraya J Nazarian Trustee
    2.0     		0 0 0
    9595 Wilshire Blvd ste 600
    Beverly Hills,CA90212
    David Nazarian CFO
    5.0     		0 0 0
    9595 Wilshire Blvd ste 600
    Beverly Hills,CA90212
    Sharon Nazarian President
    15.0     		150,000 0 0
    9595 Wilshire Blvd ste 600
    Beverly Hills,CA90212
    Shulamit Nazarian Trustee
    1.0     		0 0 0
    9595 Wilshire Blvd ste 600
    Beverly Hills,CA90212
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    YDS Investment Company LLC Financial Services 129,070
    9595 Wilshire Blvd Ste 600
    BEVERLY HILLS,CA90212
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,078,977
    b
    Average of monthly cash balances.......................
    1b
    3,196,961
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,089,001
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,364,939
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    20,364,939
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    305,474
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,059,465
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,002,973
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,002,973
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    11,059
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,059
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    991,914
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    991,914
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    991,914
    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
    3,417,359
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,417,359
    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
    3,417,359
    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 7 991,914
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 599,972
    b From 2016...... 855,959
    c From 2017...... 2,529,624
    d From 2018...... 3,990,810
    e From 2019...... 2,633,972
    fTotal of lines 3a through e........ 10,610,337
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,417,359
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 991,914
    e Remaining amount distributed out of corpus 2,425,445
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 13,035,782
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		599,972
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		12,435,810
    10 Analysis of line 9:
    a Excess from 2016.... 855,959
    b Excess from 2017.... 2,529,624
    c Excess from 2018.... 3,990,810
    d Excess from 2019.... 2,633,972
    e Excess from 2020.... 2,425,445
    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).)
    YOUNES NAZARIAN
    SORAYA J NAZARIAN
    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.
    YOUNES NAZARIAN
    SORAYA J NAZARIAN
    SHARON NAZARIAN
    SHULAMIT NAZARIAN
    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
    Friends of the Israel Defense Forces
    6505 Wilshire Blvd
    Ste 625
    Los Angeles,CA90048     		NONE PC General Support 508,000
    Rand Corporation
    1776 Main St
    Santa Monica,CA90407     		NONE PC General Support 50,000
    Friends of United Hatzalah of Israel
    208 E 51st St
    Ste 303
    New York,NY10022     		NONE PC General Support 5,000
    IJWO
    1430 Loma Vista
    Beverly Hills,CA90210     		NONE PC General Support 1,000
    Ima Foundation
    1801 Century Pk W
    Flr 5
    Los Angeles,CA90067     		NONE PC General Support 1,333,785
    WIZO Los Angeles
    950 3rd Ave
    Ste 2803
    New York,NY10022     		NONE PC General Support 7,300
    UCLA Foundation
    10889 Wilshire Blvd
    Ste 1000
    Los Angeles,CA90024     		NONE PC General Support 100,000
    University of CA Los Angeles
    10889 Wilshire Blvd
    Ste 1000
    Los Angeles,CA90024     		NONE PC General Support 10,000
    Hope Foundation
    PO Box 18280
    Beverly Hills,CA90209     		NONE PC General Support 2,500
    Iranian American Jewish Federation
    770 Middle Neck Rd
    Ste 5P
    Great Neck,NY11024     		NONE PC General Support 17,500
    Visionary Women
    9663 Santa Monica Blvd
    851
    Beverly Hills,CA90210     		NONE PC General Support 1,250
    Hillcrest Country Club Charitable Fund
    10000 West Pico Blvd
    Los Angeles,CA90067     		NONE PC General Support 2,500
    Looking Beyond
    2934 1/2 Beverly Glen Cir
    224
    Los Angeles,CA90077     		NONE PC General Support 1,000
    Cedars-Sinai
    8700 Beverly Blvd
    Ste 2416
    Los Angeles,CA90048     		NONE PC General Support 500,000
    The Jewish Federation
    6505 Wilshire Blvd
    Los Angeles,CA90048     		NONE PC General Support 300,000
    Sinai Temple
    10400 Wilshire Blvd
    Los Angeles,CA90024     		NONE PC General Support 1,000
    LA Jewish Home
    7150 Tampa Ave
    Reseda,CA91335     		NONE PC General Support 5,000
    Childrens Hospital Los Angeles
    4650 Sunset Blvd
    MS29
    Los Angeles,CA90027     		NONE PC General Support 2,500
    American Jewish University
    15600 Mulholland Dr
    Los Angeles,CA90077     		NONE PC General Support 200,000
    Payam Cultural Society Inc
    PO Box 22078
    Great Neck,NY11022     		NONE PC General Support 1,000
    Israel Policy Forum
    355 Lexington Ave
    Flr 4
    New York,NY10017     		NONE PC General Support 5,000
    Friends of Sheba Medical Center
    6505 Wilshire Blvd
    Ste 615
    Los Angeles,CA90048     		NONE PC General Support 1,000
    Wallis Annenberg Center
    9390 N Santa Monica Blvd
    Ste 615
    Beverly Hills,CA90210     		NONE PC General Support 5,000
    PEF Israel Endowment Funds
    630 3rd Ave
    15th Flr
    New York,NY10017     		NONE PC General Support 5,000
    IAW Foundation
    18881 Von Karman Ave
    Ste 1620
    Irvine,CA92612     		NONE PC General Support 15,000
    Crossroads School
    1714 21st St
    Ste 1620
    Santa Monica,CA90404     		NONE PC General Support 5,000
    Crowdsourcing Human Rights
    10736 Jefferson Blvd
    Ste 336
    Culver City,CA90230     		NONE PC General Support 5,000
    The UC Regents
    10889 Wilshire Blvd
    Ste 1000
    Los Angeles,CA90024     		NONE PC General Support 8,700
    HIAS
    1300 Spring St
    Ste 500
    Silver Spring,MD20910     		NONE PC General Support 5,000
    Hammer Museum
    10899 Wilshire Blvd
    Los Angeles,CA90024     		NONE PC General Support 35,000
    Los Angeles County Museum of Art
    5905 Wilshire Blvd
    Los Angeles,CA90036     		NONE PC General Support 19,000
    KCRW Foundation
    1900 Pico Blvd
    Santa Monica,CA90405     		NONE PC General Support 5,000
    Venice Family Clinic
    604 Rose Ave
    Venice,CA90291     		NONE PC General Support 6,000
    Venice Arts
    13445 Beach Ave
    Venice,CA90292     		NONE PC General Support 5,000
    Stanford Hillel
    565 Mayfield Ave
    Stanford,CA94305     		NONE PC General Support 1,000
    Total .................................bullet 3a 3,175,035
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 51,784  
    4 Dividends and interest from securities....     14 501,569  
    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 ............     		    18 436,718  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    16 -458  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   989,613  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    989,613
    (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
    Y&S NAZARIAN FAMILY FOUNDATION
     
    Employer identification number

    95-4774321
    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
    Y&S NAZARIAN FAMILY FOUNDATION
          		Employer identification number
    95-4774321
    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
    Younes Soraya Nazarian
    9595 Wilshire Blvd Ste 600
     
    Beverly Hills, CA90212

    		$ 114,030


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Younes Soraya Nazarian
    9595 Wilshire Blvd Ste 600
     
    Beverly Hills, CA90212

    		$ 147,520


    (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
    Y&S NAZARIAN FAMILY FOUNDATION
          		Employer identification number

    95-4774321
    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
    		 1,000 SHARES OF QUALCOMM STOCK $ 114,030 2020-09-09
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 1,000 SHARES OF QUALCOMM STOCK $ 147,520 2020-11-20
    (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
    Y&S NAZARIAN FAMILY FOUNDATION
          		Employer identification number

    95-4774321
    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:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 52,028 26,014 0 26,014

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Name of Stock End of Year Book Value End of Year Fair Market Value
    QUALCOMM INC 3,326,333 3,326,333
    TREASURY SECURITIES 792,237 792,237
    ANSYS INC 60,391 60,391
    ABB LTD 19,069 19,069
    ABBOT LABS 35,694 35,694
    ABBVIE INC 19,608 19,608
    ACTIVISION BLIZZARD 25,627 25,627
    ADOBE 63,015 63,015
    ADTALEM GLOBAL ED 2,309 2,309
    AES CORP 13,654 13,654
    AIA GROUP LTD 37,486 37,486
    AIR PRODUCTS&CHEM 21,858 21,858
    AIRBUS SE 22,621 22,621
    ALCON SA ACT NOM 33,056 33,056
    ALLEGION PLC SHS 35,728 35,728
    ALPHABET INC 22,774 22,774
    AMEDISYS INC 4,400 4,400
    AMERICA MOVIL SAB DE CV 8,651 8,651
    AMERICAN TOWER REIT INC 21,997 21,997
    AMERIPRISE FINL INC 37,117 37,117
    AMETEK INC NEW 18,504 18,504
    AMGEN INC COM 48,743 48,743
    AMKOR TECH INC 7,178 7,178
    AMPHASTAR PARMA INC DEL 1,006 1,006
    ANHEUSER-BUSCH INBEV ADR 8,599 8,599
    AON PLC REG SHS 12,465 12,465
    APPLE HOSPITALITY REIT 2,763 2,763
    APPLE INC 31,846 31,846
    APPLIED INDUSTRL TECH 3,510 3,510
    ASAHI KASEI CORP 16,713 16,713
    ASML HLDG NV NY REG SHS 39,018 39,018
    ASTRAZENECA PLC SPND ADR 23,145 23,145
    AUTOMATIC DATA PROC 16,563 16,563
    AVIENT CORPORATION 1,571 1,571
    AVNET INC 3,546 3,546
    BANCORPSOUTH BANK 2,964 2,964
    BANK HAWAII CORP 5,440 5,440
    BLACKROCK INC 23,089 23,089
    BLOCK H&R INC 4,821 4,821
    BLUCORA INC 764 764
    BMC STK HLDGS INC 10,468 10,468
    BRITISH AMN TOBACO SPADR 12,934 12,934
    BROADCOM LTD 62,613 62,613
    BRUKER CORP 8,282 8,282
    CABOT OIL & GAS CORP 28,050 28,050
    CAPITAL ONE FINL 37,069 37,069
    CARLSBERG AS SPONSOREDAD 21,206 21,206
    CHARTER COMMUNICATIONS 8,600 8,600
    CHEMED CORP 1,598 1,598
    CHEVRON CORP 36,567 36,567
    CHUBB LTD 23,396 23,396
    CIE FINANCEIRE RICHEMONT 14,721 14,721
    CIE GENERALE DES 22,582 22,582
    CIMAREX ENERGY CO 563 563
    CINN FINCL CRP OHIO 26,211 26,211
    CISCO SYSTEMS INC 17,945 17,945
    CITIZENS FINL GROUP INC 17,272 17,272
    CITY OFFICE REIT INC 1,944 1,944
    CLEAN HARBORS INC 304 304
    CME GROUP 13,108 13,108
    COCA COLA COM 44,311 44,311
    COLUMBIA PPTY TR INC COM 1,721 1,721
    COMCAST CORP NEW CL A 35,213 35,213
    COMFORT SYSTEMS USA INC 2,528 2,528
    COMMERCE BANCSHARES 21,353 21,353
    COMMERICAL METALS CO COM 5,484 5,484
    CONCENTRIX CORP REG SHS 5,034 5,034
    CORE-MARK HLDG CO INC 2,937 2,937
    CORTEVA INC REG SHS 38,410 38,410
    COSTAMARE INC 828 828
    COSTCO WHOLESALE CRP DEL 15,071 15,071
    CRA INTL INC 407 407
    CROWN CASTLE REIT INC 31,360 31,360
    CSG SYSTS INTL INC 4,552 4,552
    CSX CORP 15,518 15,518
    CULLEN FRST BKRS PV 22,331 22,331
    DANAHER CORP DEL 77,971 77,971
    DANONE-SPONS 12,746 12,746
    DECKERS OUTDOORS CORP 4,588 4,588
    DELUXE CORPORATION 1,986 1,986
    DIAGEO PLC SPSD ADR NEW 14,452 14,452
    DBA ASA SP ADR 17,806 17,806
    EAST WEST BANCORP 20,233 20,233
    EATON CORP PLC 8,049 8,049
    ELANCO ANIMAL HEALTH INC 34,473 34,473
    ELI LILLY & CO 13,170 13,170
    EMCOR GROUP INC 12,713 12,713
    EMERGENT BISOLUTIONS 2,419 2,419
    ENEL SOCIETA PER AZIONI 24,593 24,593
    EQTY LIFESTYLS PPTYS 16,917 16,917
    EQUINIX INC 9,284 9,284
    ESSILORLUXOTTICA SA 18,351 18,351
    EVERCORE INC 2,302 2,302
    EVERSOURCE ENERGY COM 2,509 2,509
    EVERTEC INC 6,134 6,134
    EXTENDED STAY AMERICA 2,370 2,370
    FNB CORP 4,617 4,617
    FACEBOOK INC 8,195 8,195
    FARMERS NTL BNC CP CANFLD 173 173
    FED AGRIC MTG CL C N/VTG 297 297
    FEDERATED INVESTRS B 5,865 5,865
    FINANCIAL INSTITUTIONS 473 473
    FIRST COMMONWEALTH 350 350
    FIRST FINCL CORP INDIANA 272 272
    FORMFACTOR INC 1,334 1,334
    FTI CONSULTING INC COM 2,905 2,905
    FULTON FINL CORP PA 1,883 1,883
    GENERAC HLDGS INC 227 227
    GNL DYNAMICS CORP 24,406 24,406
    GENMAB A/S SHS 17,484 17,484
    GILEAD SCIENCES INC COM 11,069 11,069
    GLBOAL PMTS INC GEORGIA 14,002 14,002
    GODADDY INC SHS 18,498 18,498
    GRAPHIC PACKAGING HDLG C 2,202 2,202
    HANOVER INS GROUP INC 5,612 5,612
    HELEN OF TROY LTD 4,888 4,888
    HILTON WORLDWIDE 10,570 10,570
    HOME DEPOT 26,296 26,296
    HONEYWELL INTL INC DEL 34,457 34,457
    HORIZON THERAPEUTICS 439 439
    HUB GROUP INC 1,311 1,311
    ILLINOIS TOOLWORKS INC 11,213 11,213
    INDUSTRIA DE DISENO 14,709 14,709
    INDUSTRIAL LOGISTICS 1,211 1,211
    INSIGHT ENTERPRISES INC 685 685
    INTEGER HLDGS CORP COM 4,628 4,628
    INTEGRA L HLDGS CORP NEW 1,558 1,558
    INTEL CORP 11,259 11,259
    INTERCONTINENTAL 19,253 19,253
    JABIL CIRCUIT INC 13,567 13,567
    JACK HENRY & ASSOC INC 8,909 8,909
    JAMES RIV GROUP HLDNGS 639 639
    JOHNSON AND JOHNSON COM 4,249 4,249
    JOHNSON CONTROLS INTER 33,685 33,685
    JOHNSON OUTDOORS CLA 338 338
    JPMORGAN CHASE & CO 86,662 86,662
    J2 GLOBAL INC 12,114 12,114
    KEMPER CORP DEL 11,294 11,294
    KERING SA 11,737 11,737
    KEYENCE CORP 6861 22,471 22,471
    KFORCE INC 547 547
    KLA CORP 15,535 15,535
    KONINKL PHIL NV SH NEW 18,743 18,743
    LOREAL CO 17,743 17,743
    LAKELAND BANCOPR INC 152 152
    LAKELAND FINCL CORP IND 964 964
    LANDSTAR SYS INC 5,386 5,386
    LENNAR CORP 42,917 42,917
    LOCKHEED MARTIN CORP 19,524 19,524
    LONDON STK EXCHANGE 11,316 11,316
    LVMH MOET HENNESSY 16,589 16,589
    LYONDELLBASELL INDESTRIE 4,125 4,125
    MANTECH INTL CORP 1,690 1,690
    MARCUS & MILLICHAP INC 558 558
    MARINEMAX INC 1,016 1,016
    MARSH & MCLENNAN COS INC 25,857 25,857
    MARTIN MARIETTA MATLS 35,780 35,780
    MASONITE INTERNATIONAL 3,540 3,540
    MASTEC INC 7,909 7,909
    MCDONALDS CORP 15,879 15,879
    MDU RESOURCES GRP INC 6,190 6,190
    MEDPACE HLDGS INC 7,099 7,099
    MEDTRONIC PLC SHS 55,173 55,173
    MERK AND CO INCS SHS 23,477 23,477
    MERIDIAN BIOSCIENCE INC 2,561 2,561
    MERITAGE HOMES CORP 4,804 4,804
    MICROCHIP TECHNOLOGY INC 44,610 44,610
    MICROSOFT CORP 116,103 116,103
    MITSUBISHI UFJ FINL GRP 16,595 16,595
    MONDELEZ INTERNATIONAL 18,593 18,593
    MONMOUTH R E INVS CORP 312 312
    MOODY'S CORP 14,802 14,802
    MURPHY USA INC SHS 1,963 1,963
    NESTLE S A REP RG SH 20,851 20,851
    NETGEAR INC 1,666 1,666
    NEXTERA ENERGY INC SHS 35,720 35,720
    NORTHROP GRUMMAN CORP 15,541 15,541
    NOVARTIS ADR 28,329 28,329
    NOVO NORDISK A S ARD 29,477 29,477
    OFFICE PROPERTIES INCOME 1,159 1,159
    ONE GAS INC SHS 2,073 2,073
    OTTER TAIL CORP 1,364 1,364
    OUTFRONT MEDIA INC SHS 469 469
    PARKER HANNIFIN CORP 40,044 40,044
    PAYCHEX INC 17,425 17,425
    PAYPAL HOLDINGS INC SHS 38,327 38,327
    PEPSICO INC 24,321 24,321
    PERDOCEO EDUCATION CORP 2,463 2,463
    PERNOD-RICARD SA-UNSPON 13,921 13,921
    PERSPECTA INC REG SHS 3,419 3,419
    PHILIP MORRIS INTL INC 12,832 12,832
    PHILIPPS 66 SHS 24,339 24,339
    PEIDMONT OFFICE REALTY 2,386 2,386
    PIONEER NATURAL RES CO 14,464 14,464
    PNC FINCL SERVICES GROUP 44,402 44,402
    PORTLAND GEN ELEC CO 3,336 3,336
    PRA HEALTH SCIENCES INC 4,892 4,892
    PRIMERICA INC COM 4,688 4,688
    PRIMORIS SERVICES CORP 4,224 4,224
    PROCTOR & GAMBLE CO 48,421 48,421
    PROGRESS SOFTWARE CORP 3,841 3,841
    PROLOGIS INC 12,059 12,059
    QUALCOMM INC 69,772 69,772
    QURATE RETAIL INC 241 241
    RAVEN INDS INC 397 397
    REALTY INCM CORP MD 6,093 6,093
    RECKITT BENCKISER GROUP 21,182 21,182
    REGAL BELOIT CORP WIS 3,930 3,930
    RENT-A-CENTER INC 6,509 6,509
    RMR (THE) GROUP INC SHS 309 309
    ROYAL CARIBBEAN GROUP 11,950 11,950
    ROYAL KPN N V SP ADR 9,749 9,749
    RPM INTERNATIONAL INC 38,400 38,400
    RYANAIR HOLDINGS PLC SHS 13,967 13,967
    SAFRAN SA-UNSPON 27,517 27,517
    SANMINA CORP 5,932 5,932
    SAP SE SHS 14,213 14,213
    SCIENCE APPLICATIONS 1,609 1,609
    SEAGEN INC 23,644 23,644
    SELECT MEDICAL HOLDINGS 5,034 5,034
    SEMPRA ENERGY 12,741 12,741
    SHIN-ETSU CHEM-UNSPON 23,090 23,090
    SIMPLY GOOD FOODS CO/THE 1,035 1,035
    SLEEP NUMBER CORP 4,584 4,584
    SMC CORP 14,633 14,633
    SONY CORP ADR NEW 43,776 43,776
    SOUTHWEST GAS HOLDINGS 3,038 3,038
    SP PLUS CORP 461 461
    STARBUCKS CORP 21,075 21,075
    STEELCASE INC 'A' 1,491 1,491
    STEPAN CO 716 716
    STEWART INFO SVC CRP 2,079 2,079
    STRIDE INC REG SHS 1,337 1,337
    SUN COMMNTYS INC 17,018 17,018
    SUNSTONE HOTEL INVS INC 804 804
    SUPERNUS PHARMACEUTICALS 3,170 3,170
    SYNEOS HEALTH INC 749 749
    SYNNEX CORP 4,153 4,153
    TAIWAN S MANUFCTRING ADR 48,741 48,741
    TENCENT HOLDINGS LTD ADR 21,351 21,351
    TERUMO CORP SHS 3,849 3,849
    TEXAS INSTRUMENTS 29,872 29,872
    TOPBUILD CORP SHS 1,104 1,104
    TOTAL SE 10,687 10,687
    TOWNEBANK PORTSMOUTH VA 399 399
    TRISTATE CAP HLDGS INC 922 922
    TRUIST FINL CORP 19,987 19,987
    TWITTER INC 34,656 34,656
    TYSON FOODS INC CL A 21,781 21,781
    UBS GROUP AG NAMEN-AKT 14,837 14,837
    UNITED PARCEL SVC CL B 3,536 3,536
    UNITEDHEALTH GROUP INC 21,041 21,041
    US BANCORP 9,784 9,784
    VALVOLINE INC SHS 1,736 1,736
    VERIZON COMMUNICATIONS COM 12,866 12,866
    VISA INC CL A SHRS 32,153 32,153
    VSHAY PRECISION GROUP 378 378
    WABTEC 8,198 8,198
    WLGREEN BOOTS ALLIANCE 14,078 14,078
    WASHINGTON FEDL INC 2,857 2,857
    WEC ENERGY GROUP IN SHS 13,620 13,620
    WESCO INTERNATIONAL INC 3,768 3,768
    XYLEM INC SHS 36,339 36,339
    YUM BRANDS INC 12,918 12,918
    1ST CTZNS BNCSHS INC A 4,020 4,020
    OWL ROCK CAPITAL CORP 413,387 413,387

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN HIGH INCOME FMV 1,310,674 1,310,674
    PIMCO DIVERSIFIED INCOME FMV 1,256,579 1,256,579
    RIVERNORTH DOUBLE LINE FMV 1,257,582 1,257,582
    HOTCHKINS & WILEY VALUE FMV 1,129,980 1,129,980
    KOPERNIK GLBOAL ALL CAP FMV 367,788 367,788
    MATTHEWS ASIA GROWTH FMV 354,995 354,995
    DOUBLELINE LOW DURATION FMV 1,724,472 1,724,472
    FPA NEW INCOME INC FMV 1,737,755 1,737,755
    METRO WEST LOW DURATION FMV 1,715,085 1,715,085
    BLACKROCK SCIENCE AND FMV 464,645 464,645
    BLACKROCK HEALTH FMV 557,874 557,874
    HIGHBRIDGE PRINCIPAL STRATS FMV 106,866 106,866
    KNIGHTHEAD OFFSHORE FUND FMV 86,937 86,937
    RIALTO REAL ESTATE FMV 3,136,939 3,136,939
    THOROFARE ASSET BASE LEND FMV 511 511

    TY 2020 OtherDecreasesSchedule
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Description Amount
    PRIOR PERIOD ADJUSTMENT 1,305,852


    TY 2020 OtherExpensesSchedule
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER DEDUCTIONS FROM K-1 4,585 0 0 4,585
    PAYROLL EXPENSES 3,355 0 0 3,355
    OFFICE SUPPLIES & EXPENSES 941 0 0 941
    MEALS & ENTERTAINMENT 840 0 0 840
    WEB SITE 216 0 0 216
    ADVERTISING 60 0 0 60
    OTHER 780 0 0 780
    STATE FILING FEES 150 0 0 150


    TY 2020 OtherIncomeSchedule2
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME -458 0 0
    RREF II DOM INVESTORS LP K-1 INCOME 0 -187 0
    RREF III DOM INVESTORS LP K-1 INCOME 0 -249 0
    MEZZANINE PARTNERS LP K-1 INCOME 0 -1,000 0
    THOROFARE ABL FUND III LP K-1 INCOME 0 -2,918 0


    TY 2020 OtherIncreasesSchedule
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Description Amount
    UNREALIZED GAIN 1,780,523


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT SUPPORT 129,070 129,070 0 0
    MANAGEMENT FEES ML 03296 24,392 24,392 0 0
    MANAGEMENT FEES ML 03297 21,975 21,975 0 0
    MANAGEMENT FEES ML 03289 12,642 12,642 0 0
    MANAGEMENT FEES ML 03487 579 579 0 0
    OTHER PROFESSIONAL FEES 44,523 0 0 44,523


    TY 2020 TaxesSchedule
    Name:
    Y&S NAZARIAN FAMILY FOUNDATION
    EIN:
    95-4774321
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL & STATE TAX 29,633 0 0 0
    FOREIGN TAXES 2,524 2,524 0 0