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
WITTE-SAKAMOTO FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1270 PACIFIC AVENUE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAGUNA BEACH, CA92651

A Employer identification number

36-4846167

B Telephone number (see instructions)

(949) 453-2900

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

$6,057,863J 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)	100,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	147,521		147,521
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		306,747
b	Gross sales price for all assets on line 6a 1,557,151
7	Capital gain net income (from Part IV, line 2)...			306,747
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........	554,268		454,268
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).........		30,277	30,277	0
b	Accounting fees (attach schedule).......		24,911	24,911	0
c	Other professional fees (attach schedule)....		28,253	28,253	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		4,463	388	4,075
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	87,904		83,829	4,075
25	Contributions, gifts, grants paid.......	84,800			84,800
26	Total expenses and disbursements. Add lines 24 and 25	172,704		83,829	88,875
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	381,564
b	Net investment income (if negative, enter -0-)			370,439
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.............	87,762	43,699	43,699
	2	Savings and temporary cash investments.........	258,039	374,776	374,776
	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)	476,614	357,770	357,770
	b	Investments—corporate stock (attach schedule).......	2,222,167	2,763,040	2,763,040
	c	Investments—corporate bonds (attach schedule).......	316,731	385,478	385,478
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,213,592	2,133,100	2,133,100
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,574,905	6,057,863	6,057,863
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons	7,365,702	9,248,948
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	7,365,702	9,248,948
		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	-1,790,797	-3,191,085
	29	Total net assets or fund balances (see instructions).....	-1,790,797	-3,191,085
	30	Total liabilities and net assets/fund balances (see instructions).	5,574,905	6,057,863

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

-1,790,797

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

381,564

Other increases not included in line 2 (itemize) bullet

101,394

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

-1,307,839

Decreases not included in line 2 (itemize) bullet

1,883,246

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

-3,191,085

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	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBICLY TRADED SECURITIES	P	2021-01-01	2021-12-31
b
c
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	1,557,151	1,250,404	306,747
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			306,747
b
c
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	306,747
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	5,149
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	5,149
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	2,286
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	6,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	8,286
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,137
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax3,137	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?................

Yes

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

PATRICIA KEIKO SAKAMOTO WITTE Telephone no. bullet

(949) 453-2900

Located at bullet

1270 PACIFIC AVENUELAGUNA BEACHCA ZIP+4 bullet

92651

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)

Yes

(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)

Yes

(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 ..........

Yes

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

Yes

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
WILLIAM A WITTE	PRESIDENT 2.50	0	0	0
1270 PACIFIC AVENUE LAGUNA BEACH,CA92651	PRESIDENT 2.50	0	0	0
PATRICIA KEIKO SAKAMOTO WITTE	CFO/SECRETARY 2.50	0	0	0
1270 PACIFIC AVENUE LAGUNA BEACH,CA92651	CFO/SECRETARY 2.50	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...................

5,395,701

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

444,937

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

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

5,840,638

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

5,840,638

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

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

87,610

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

5,753,028

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

287,651

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

287,651

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

5,149

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

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

5,149

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

282,502

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

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

282,502

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

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

282,502

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					282,502
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......	383,743
c From 2018......	262,992
d From 2019......	229,803
e From 2020......	200,781
f Total of lines 3a through e ........		1,077,319
4Qualifying distributions for 2021 from Part
XI, line 4: $ 88,875
a Applied to 2020, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					88,875
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2021.		193,627			193,627
(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		883,692
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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 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 ......		883,692
10 Analysis of line 9:
a Excess from 2017....	190,116
b Excess from 2018....	262,992
c Excess from 2019....	229,803
d Excess from 2020....	200,781
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).)

WILLIAM A WITTE

PATRICIA KEIKO SAKAMOTO WITTE

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
NEWPORT BEACH PUBLIC LIBRARY FOUNDATION 1000 AVOCADO AVE NEWPORT BEACH,CA92660	NA	PC	FUNDS VALUABLE LIBRARY RESOURCES AND PROGRAMS	34,800
CORPORATION OF THE FINE ARTS MUSEUMS 50 HAGIWARA TEA GARDEN DRIVE GOLDEN GATE PARK SAN FRANCISCO,CA94118	NA	PC	TO PROMOTE ART	5,000
SHELTER PARTNERSHIP INC 520 SO GRAND AVE SUITE 695 LOS ANGELES,CA90071	NA	PC	TO SERVE THE HOMELESS	25,000
SAN FRANCISCO MUSEUM OF MODERN ART 151 THIRD STREET SAN FRANCISCO,CA94103	NA	PC	TO PROMOTE ART	20,000
Total ................................. 3a				84,800

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 ...........
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	306,747
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		454,268	0

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

454,268

(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:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

WITTE-SAKAMOTO FAMILY FOUNDATION

Employer identification number

36-4846167

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... 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) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization WITTE-SAKAMOTO FAMILY FOUNDATION

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	WILLIAM WITTE & PATRICIA K SAKAMOTO WITTE 1270 PACIFIC AVENUE LAGUNA BEACH, CA92651	$ 100,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization WITTE-SAKAMOTO FAMILY FOUNDATION		Employer identification number 36-4846167

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
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization WITTE-SAKAMOTO FAMILY FOUNDATION			Employer identification number 36-4846167
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.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose 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

(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

(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

(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) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2021 AccountingFeesSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	24,911	24,911		0

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CO 3.400%	20,577	20,577
AMERICAN HONDA FINANCE	20,032	20,032
AMERICAN TOWER CORP	16,052	16,052
AT&T INC	22,510	22,510
BANK OF AMERICA CORP	21,526	21,526
CITIGROUP INC	21,241	21,241
CVS HEALTH CORP	17,955	17,955
DUKE ENERGY CORP	15,903	15,903
GENERAL MILLS INC	21,475	21,475
GOLDMAN SACHS GROUP INC	21,811	21,811
JEFFERIES GROUP LLC	17,015	17,015
KLA-TENCOR CORP	16,262	16,262
MICROSOFT CORP	36,429	36,429
MORGAN STANLEY	20,691	20,691
PROLOGIS LP	20,327	20,327
SUNOCO OGISTICS PARTNERS	17,091	17,091
UNITEDHEALTH GROUP INC	16,718	16,718
VERIZON COMMUNICATIONS	21,286	21,286
WELLS FARGO & COMPANY MEDIUM TERM NOTE 3.450%	20,577	20,577

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE PLC CL A	53,473	53,473
ADOBE INC	49,901	49,901
ALLY FINANCIAL INC	29,518	29,518
ALPHABET INC CL A	55,044	55,044
AMAZON.COM INC	33,343	33,343
AMERICAN ELEC PWR INC	35,321	35,321
AMERICAN WATER WORKS CO INC	31,351	31,351
AON PLC	27,050	27,050
APPLE INC	96,598	96,598
APPLIED MATERIALS INC	33,046	33,046
ARES CAPITAL CORP	21,995	21,995
ARTHUR J GALLAGHER & CO	33,086	33,086
ASML HOLDING NV SPONS ADR	40,603	40,603
AT& T INC	16,359	16,359
AVANGRID INC	25,688	25,688
BCE INC	23,678	23,678
BERKSHIRE HATHAWAY INC-CL B	14,950	14,950
BLACKSTONE GROUP INC CL A	45,287	45,287
CHEVRON CORPORATION	9,623	9,623
CINCINNATI FINANCIAL CORP	34,977	34,977
CINTAS CORP	48,749	48,749
CISCO SYSTEMS INC	29,150	29,150
CITIZENS FINANCIAL GRP INC	8,789	8,789
CME GROUP INC	35,183	35,183
COCA COLA CO	28,362	28,362
COMCAST CORP-CL A	25,115	25,115
CONOCOPHILLIPS	31,398	31,398
COSTCO WHOLESALE CORP	37,468	37,468
CROWN CASTLE INTL CORP REIT	38,199	38,199
DANAHER CORP	26,321	26,321
DISNEY WALT CO NEW	27,570	27,570
DOMINION ENERGY INC	7,777	7,777
DUKE ENERGY CORP	30,106	30,106
EDWARDS LIFESCIENCES CORP	39,642	39,642
EMERSON ELEC CO	32,540	32,540
ENTERGY CORP	12,392	12,392
EQUINIX INC REIT	16,917	16,917
EVERSOURCE ENERGY	35,027	35,027
EXPEDIA GROUP INC	19,879	19,879
FIFTH THIRD BANCORP	13,196	13,196
FIRST HORIZON CORP	23,352	23,352
GENERAL MILLS INC	23,583	23,583
GENUINE PARTS CO	15,422	15,422
HANESBRANDS INC	11,286	11,286
HARFORD FINL SVCS GROUPL INC	40,388	40,388
HCA HEALTHCARE INC	42,392	42,392
HOME DEPOT INC	64,742	64,742
INTEL CORP	12,103	12,103
INTERNATIONAL PAPER CO	7,564	7,564
INTERPUBLIC GROUP OF COMPANIES INC	23,406	23,406
JP MORGAN CHASE & CO	49,089	49,089
KEY CORP	36,198	36,198
LOCKHEED MARTIN CORP	31,987	31,987
MARATHON PETROLEUM CORPORATION	8,703	8,703
MASTERCARD INC CL A	53,539	53,539
META PLATFORMS INC CL A	26,572	26,572
METLIFE INC	11,123	11,123
MICROSOFT CORP	125,784	125,784
MID-AMER APARTMENT COMM REIT	47,494	47,494
NATIONAL RETAIL PROPERTIES REIT	25,525	25,525
NEWELL BRANDS INC	20,966	20,966
NEXTERA ENERGY INC	29,875	29,875
NEXTERA ENERGY PARTNERS LP	13,504	13,504
NORTHROP GRUMMAN CORPORATION	19,354	19,354
NXP SEMI CONDUCTORS	34,167	34,167
OLD DOMINION FREIGHT LINE INC	21,503	21,503
PAYCHEX INC	41,223	41,223
PEPSICO INC	31,963	31,963
PROLOGIS INC REIT	49,329	49,329
QUALCOMM INC	47,546	47,546
ROPER TECHNOLOGIES INC	14,756	14,756
S&P GLOBAL INC	21,237	21,237
SEMPRA	13,228	13,228
SHERWIN WILLIAMS CO	28,173	28,173
SONOCO PRODUCTS CO SOUTHERN COMPANY	21,419	21,419
STARBUCKS CORP	38,600	38,600
SYNCHRONY FINANCIAL	15,773	15,773
THERMO FISHER SCIENTIFIC INC	43,371	43,371
TJX COS INC	15,943	15,943
T-MOBILE US INC	33,634	33,634
TRANE TECHNOLOGIES PLC	32,123	32,123
TRANSUNION	26,088	26,088
UNITED RENTALS INC	13,292	13,292
UNITEDHEALTH GROUP INC	69,295	69,295
VERIZON COMMUNICATIONS INC	27,227	27,227
VISA INC CL A	52,444	52,444
WALMART INC	24,742	24,742
WILLIAMS COS INC	27,342	27,342

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

US Government Securities - End of Year Book Value:

357,770

US Government Securities - End of Year Fair Market Value:

357,770

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

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

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BANK OF MONTREAL	FMV	20,625	20,625
BARON EMERGING MARKETS FUND	FMV	457,894	457,894
CITY NATIONAL ROCHDALE FIXED INCOME OPPORTUNITIES FUND CLASS N#1236	FMV	1,143,524	1,143,524
GLOBAL LISTED REAL ESTATE I	FMV	221,910	221,910
INVESCO PREFERRED ETF	FMV	13,725	13,725
SPDR S&P BIOTECH ETF	FMV	275,422	275,422

- TIN:

TY 2021 LegalFeesSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	30,277	30,277		0

- TIN:

TY 2021 LoansFromOfficersSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Item No.	1
Lender's Name	WILLIAM WITTE PATRICIA K SAKAMOTO W
Lender's Title	DIRECTOR/OFFICER
Original Amount of Loan	5003550
Balance Due	9248948
Date of Note	2016-12
Maturity Date
Repayment Terms	UNSECURED, NO COLLATERAL. NO FEES OR INTEREST.
Interest Rate	0.000000000000
Security Provided by Borrower	NO TERMINATION DATE, BOTH THE LENDER AND BORROWER CAN TERMINATE AT ANY TIME.
Purpose of Loan	GROW FUNDS IN ORDER TO PROVIDE CHARITABLE SUPPORT TO OTHER ORGANIZATIONS.
Description of Lender Consideration	BORROW PUBLICLY-TRADED SECURITIES FROM LENDER.
Consideration FMV

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Description	Amount
CHANGE IN VALUE OF SECURITIES LOAN	1,883,246

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Description	Amount
UNREALIZED GAIN	101,394

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	28,253	28,253		0

- TIN:

TY 2021 TaxesSchedule

Name:

WITTE-SAKAMOTO FAMILY FOUNDATION

EIN:

36-4846167

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE TAXES PAID	4,075	0		4,075
FOREIGN TAXES PAID	388	388		0