TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021

Name of foundation
BRENDEN FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2004
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SILVERTON, OR97381

A Employer identification number

47-5373459

B Telephone number (see instructions)

(360) 481-6468

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$31,223,402J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	14,228		14,228
4	Dividends and interest from securities...	758,266		758,266
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		904,813
b	Gross sales price for all assets on line 6a 12,182,688
7	Capital gain net income (from Part IV, line 2)...			904,813
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,677,307		1,677,307
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).......		3,500	1,750	1,750
c	Other professional fees (attach schedule)....		102,954	102,954	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		11,579	5,580	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		2,350	0	2,350
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	120,383		110,284	4,100
25	Contributions, gifts, grants paid.......	1,405,000			1,405,000
26	Total expenses and disbursements. Add lines 24 and 25	1,525,383		110,284	1,409,100
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	151,924
b	Net investment income (if negative, enter -0-)			1,567,023
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	8,920,216	7,235,584	7,235,584
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	898,721	1,864,376	1,864,376
	b	Investments—corporate stock (attach schedule).......	5,542,843	6,506,830	6,506,830
	c	Investments—corporate bonds (attach schedule).......	1,192,449	1,847,877	1,847,877
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	13,837,311	13,695,985	13,695,985
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	26,876	72,750	72,750
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	30,418,416	31,223,402	31,223,402
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	30,418,416	31,223,402
	29	Total net assets or fund balances (see instructions).....	30,418,416	31,223,402
	30	Total liabilities and net assets/fund balances (see instructions).	30,418,416	31,223,402

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

30,418,416

Enter amount from Part I, line 27a .....................

151,924

Other increases not included in line 2 (itemize) bullet

653,062

Add lines 1, 2, and 3 ..........................

31,223,402

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

31,223,402

Form 990-PF (2021)

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
1 a	PUBLICLY TRADED SECURITIES
b	PUBLICLY TRADED SECURITIES
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,606,687	9,271,422	335,265
b	2,442,190	2,006,453	435,737
c	133,811		133,811
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			335,265
b			435,737
c			133,811
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	904,813
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 ...................		3

Form 990-PF (2021)

Page 4

Part V

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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	21,782
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	21,782
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	8,400
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	23,400
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	12
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,606
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax1,606	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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 XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

THE FOUNDATION Telephone no. bullet

(360) 481-6468

Located at bullet

PO BOX 2004SILVERTONOR ZIP+4 bullet

97381

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

16 At any time during calendar year 2021, 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 VI-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

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? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)? ......................

1a(5)

(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.) ...............

1a(6)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2021? .............

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)):

At the end of tax year 2021, did the foundation have any undistributed income (lines 6d

and 6e, Part XII) for tax year(s) beginning before 2021?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2021 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 2021.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 VII

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
NORMAN L BRENDEN	PRESIDENT 10.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	PRESIDENT 10.00	0	0	0
ASHLEY JOHNSTON	VICE PRESIDENT 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	VICE PRESIDENT 5.00	0	0	0
BENJAMIN JOHNSTON	VICE PRESIDENT 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	VICE PRESIDENT 5.00	0	0	0
MARCI BRENDEN	SECRETARY/TREASURER 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	SECRETARY/TREASURER 5.00	0	0	0
LINDA A BRENDEN	DIRECTOR 5.00	0	0	0
PO BOX 2004 SILVERTON,OR97381	DIRECTOR 5.00	0	0	0

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...................				0

Form 990-PF (2021)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part VIII-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 VIII-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 (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

22,679,201

Average of monthly cash balances.......................

8,426,290

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

31,105,491

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

31,105,491

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

466,582

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

30,638,909

Minimum investment return. Enter 5% (0.05) of line 5................

1,531,945

Part X

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.)

Minimum investment return from Part IX, line 6..................

1,531,945

Tax on investment income for 2021 from Part V, line 5.......

21,782

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

21,782

Distributable amount before adjustments. Subtract line 2c from line 1............

1,510,163

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,510,163

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,510,163

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				1,510,163
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			1,402,499
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 1,409,100
a Applied to 2020, but not more than line 2a			1,402,499
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 2021 distributable amount.....				6,601
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2021.	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 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........				1,503,562
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 2016 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

Form 990-PF (2021)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-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 2021, enter the date of the ruling ....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, 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 IX, 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 XIV

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).)

NORMAN L BRENDEN

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2021)

Page 11

Part XIV

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BARROW NEUROLOGICAL FOUNDATION 350 WEST THOMAS RD STE 250 PHOENIX,AZ850134409	NONE	PC	IVY BRAIN TUMOR CENTER FOR RESEARCH/TREATMENT	500,000
CHILDREN'S CANCER ASSOCIATION 1200 NW NAITO PARKWAY SUITE 140 PORTLAND,OR97209	NONE	PC	MATCH DONATION	220,000
MARION-POLK FOOD SHARE INC 1660 SALEM INDUSTRIAL DRIVE NE SALEM,OR97301	NONE	PC	SUSTAINER PLEDGE	125,000
SILVERTON AREA COMMUNITY AID INC 421 S WATER ST SILVERTON,OR97381	NONE	PC	RENT/UTILITIES	60,000
WILLAMETTE EDUCATION SERVICE DISTRICT 2611 PRINGLE RD SE SALEM,OR97302	NONE	PC	WILLAMETTE CAREER ACADEMY	500,000
Total ................................. 3a				1,405,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2021)

Page 12

Part XV-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	(e) Related or exempt function income (See instructions.)
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	14,228
4 Dividends and interest from securities ....
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	904,813
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		1,677,307	0

13Total. Add line 12, columns (b), (d), and (e)..................

1,677,307

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-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 (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	3,500	1,750		1,750

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CREDIT	53,492	53,492
AT&T INC	53,924	53,924
BANK OF AMERICA CORP	54,195	54,195
CANADIAN IMPERIAL BK OF COMMERCE	50,486	50,486
CHARLES SCHWAB CORP	53,365	53,365
CITIGROUP INC	53,103	53,103
COMCAST CORP	53,311	53,311
CUMMINS, INC.	47,308	47,308
GLAXOSMITHKLINE CAPITAL	50,411	50,411
GOLDMAN SACHS GROUP INC	52,712	52,712
HASBRO INC.	53,904	53,904
JPMORGAN CHASE & CO	51,003	51,003
LINCOLN NATIONAL CORP	53,057	53,057
LOWE'S COS INC	47,505	47,505
MARSH & MCLENNAN COS INC.	54,251	54,251
MCKESSON CORP	52,486	52,486
NORFOLK SOUTHERN CORP	52,747	52,747
NORTHROP GRUMMAN CORP	52,085	52,085
STARBUCKS CORP	52,208	52,208
STRYKER CORP	48,879	48,879
TOYOTA MOTOR CREDIT CORP	52,071	52,071
TRUIST FINANCIAL CORP	49,372	49,372
ABBVIE INC	51,881	51,881
GLOBAL PAYMENTS INC	50,908	50,908
GENERAL MOTORS FINL CO	49,196	49,196
HP INC	51,033	51,033
PAYPAL HOLDINGS INC	52,622	52,622
REGIONS FINANCIAL CORP	48,911	48,911
ROYAL BANK OF CANADA	49,333	49,333
SALESFORCE.COM INC	49,388	49,388
SCHLUMBERGER FIN CA	49,815	49,815
SVB FINANCIAL GROUP	49,827	49,827
SYNCHRONY FINANCIAL	53,691	53,691
UNITEDHEALTH GROUP INC	50,871	50,871
VERIZON COMMUNICATIONS	50,446	50,446
BP CAP MARKETS AMERICA	48,080	48,080

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALLISON TRANSMISSION HOLDINGS	21,955	21,955
BOOKING HOLDINGS INC	74,376	74,376
CARMAX INC	48,966	48,966
DOLLAR TREE INC	44,404	44,404
HASBRO INC.	103,307	103,307
INTERPUBLIC GROUP COS INC	88,944	88,944
LAS VEGAS SANDS CORP	61,541	61,541
NIKE INC.	89,002	89,002
TARGET CORP	85,864	85,864
WALT DISNEY CO	81,317	81,317
BROWN FORMAN CORP CL B	25,064	25,064
CVS HEALTH CORPORATION	94,391	94,391
HAIN CELESTIAL GROUP IN	49,939	49,939
MONDELEZ INTERNATIONAL INC	87,198	87,198
POST HOLDINGS, INC.	49,714	49,714
SYSCO CORP	74,151	74,151
ALLEGHANY CORP DEL NEW	33,380	33,380
BLACKROCK INC	119,938	119,938
BLACKSTONE GROUP INC	91,608	91,608
CINCINNATI FINANCIAL CORP	47,509	47,509
CITIGROUP INC	119,572	119,572
JPMORGAN CHASE & CO	170,860	170,860
M&T BANK CORPORATION CO	35,477	35,477
MOELIS & CO	40,319	40,319
ABBVIE INC	95,728	95,728
ELI LILLY & CO	113,803	113,803
MERCK & CO INC NEW	86,297	86,297
THERMO FISHER SCIENTIFIC INC	84,072	84,072
UNITEDHEALTH GROUP INC	170,225	170,225
ARMSTRONG WORLD INDUSTRIES INC.	49,467	49,467
BOEING CO	60,597	60,597
COPART INC.COM	63,074	63,074
OLD DOMINION FREIGHT LINES INC.	40,139	40,139
RAYTHEON COMPANY	97,592	97,592
UNION PACIFIC CORP	87,924	87,924
UNITED PARCEL SERVICE-CL B	104,812	104,812
WASTE MANAGEMENT	115,328	115,328
ALPHABET INC CL C	347,231	347,231
AMPHENOL CORP CL A	32,885	32,885
APPLE INC	426,523	426,523
BLACK KNIGHT INC.	37,135	37,135
BROADCOM INC	133,747	133,747
CISCO SYSTEMS INC	111,088	111,088
CITRIX SYS INC COM	26,769	26,769
COGNIZANT TECH SOLUTIONS CRP	95,729	95,729
ELECTRONIC ARTS INC	79,008	79,008
ENTEGRIS INC	67,073	67,073
FIDELITY NATL INFORMATION SVCS INC	77,606	77,606
LAM RESEARCH CORP COM	99,243	99,243
MICROSOFT CORP	437,889	437,889
SKYWORKS SOLUTIONS INC	40,181	40,181
VISA INC-CLASS A SHRS	91,668	91,668
BALL CORP	36,968	36,968
CELANESE CORP	113,609	113,609
NEWMARKET CORP	26,389	26,389
VULCAN MATERIALS CO	55,424	55,424
DIAGEO PLC - ADR	101,264	101,264
EATON CORP PLC	127,887	127,887
GARMIN LTD	78,706	78,706
MANULIFE FINANCIAL CORP	107,688	107,688
MEDTRONIC PLC	57,415	57,415
PERRIGO CO PLC	22,017	22,017
SENSATA TECHNOLOGIES HOLDINGS PLC	26,095	26,095
STERIS PLC	41,136	41,136
SUNCOR ENERGY INC NEW F	84,626	84,626
TE CONNECTIVITY LTD	88,898	88,898
TORONTO DOMINION BK ONT COM NEW	106,585	106,585
TOTAL SE - ADR	80,966	80,966
UNILEVER N.V. - ADR	49,487	49,487
CHURCHILL DOWNS INC	36,376	36,376
UNIFIRST CORP MASS	34,085	34,085
LAMB WESTON HOLDINGS INC	40,690	40,690
HAEMONETICS CORP MASS	9,759	9,759
OTIS WORLDWIDE CORP	46,234	46,234
META PLATFORMS INC	50,116	50,116
APTARGROUP INC COM	32,090	32,090
AERCAP HOLDNGS NV	40,691	40,691

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

US Government Securities - End of Year Book Value:

1,864,376

US Government Securities - End of Year Fair Market Value:

1,864,376

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

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

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
UBS-BARCLAYS COMMERCIAL MORTGAGE SER 2012	FMV	80,169	80,169
METROPOLITAN WEST TOTAL RETURN	FMV	637,596	637,596
PRINCIPAL PREFERRED SECURITIES FUND CLASS R6	FMV	428,491	428,491
TCW EMERG MKTS	FMV	899,260	899,260
FULLER & THALER BEHAVIORAL SMALL CAP	FMV	700,330	700,330
ISHARES MSCI ACWI ETF	FMV	528,900	528,900
PRINCIPAL MIDCAP FUND	FMV	161,608	161,608
VANGUARD MIDCAP VIPER	FMV	420,371	420,371
VIRTUS KAR SMALL CAP CORE FUND	FMV	642,073	642,073
TOUCHSTONE SANDS CAPITAL EMERGING	FMV	518,255	518,255
ALPHASIMPLEX MANAGED FUTURES	FMV	898,525	898,525
NEUBERGER BERMAN LONG SHORT FUND	FMV	910,538	910,538
STORE CAPITAL CORP REIT	FMV	29,894	29,894
DWS ENHANCED COMMODITY STRATEGY FUND	FMV	733,247	733,247
TORTOISE MLP & PIPELINE FUND	FMV	700,205	700,205
DODGE & COX INCOME FD COM #147	FMV	1,266,574	1,266,574
PIMCO HIGH YIELD FUND	FMV	644,292	644,292
T ROWE PRICE INSTITUTIONAL FLOAT	FMV	1,098,157	1,098,157
ISHARES RUSSELL 2000 ETF	FMV	444,900	444,900
VANGUARD INDEX FD ETF	FMV	1,004,111	1,004,111
EASTERLYGLOBAL REAL ESTATE	FMV	948,489	948,489

- TIN:

TY 2021 OtherAssetsSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDENDS RECEIVABLE	26,269	70,430	70,430
ACCRUED INTEREST PURCHASED	607	2,320	2,320

- TIN:

TY 2021 OtherExpensesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DEPARTMENT OF JUSTICE FEES	2,300	0		2,300
LICENSES	50	0		50

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	653,062

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	102,954	102,954		0

- TIN:

TY 2021 TaxesSchedule

Name:

BRENDEN FAMILY FOUNDATION

EIN:

47-5373459

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL TAXES	5,999	0		0
FOREIGN TAXES	5,580	5,580		0