Form990-PF
Click to see attachment
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
TSAO FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1115
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CORONA DEL MAR, CA92625
A Employer identification number

20-2043022
B Telephone number (see instructions)

(949) 706-3355
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$90,369,192J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 31,915,129
2 Check bullet.............
3 Interest on savings and temporary cash investments 46,959 46,959  
4 Dividends and interest from securities... 624,353 624,353  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,564,163
b Gross sales price for all assets on line 6a 16,532,661
7 Capital gain net income (from Part IV, line 2)... 9,690,600
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,096 7,096  
12 Total. Add lines 1 through 11........ 35,157,700 10,369,008  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,500 2,250   2,250
c Other professional fees (attach schedule).... Click to see attachment 350,965 253,834   97,131
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 137,337 0   800
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 356 0   131
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 493,158 256,084   100,312
25 Contributions, gifts, grants paid....... 2,336,000 2,336,000
26 Total expenses and disbursements. Add lines 24 and 25 2,829,158 256,084   2,436,312
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 32,328,542
b Net investment income (if negative, enter -0-) 10,112,924
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 11,123,762 14,066,392 14,066,392
3 Accounts receivable bullet686,965
Less: allowance for doubtful accounts bullet   1,072,090 686,965 686,965
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 44,846 1,540 1,540
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,622,433 Click to see attachment30,189,543 30,189,543
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 25,251,554 Click to see attachment45,424,329 45,424,329
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment423 Click to see attachment423
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,114,685 90,369,192 90,369,192
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment128,398 Click to see attachment347,063
23 Total liabilities (add lines 17 through 22)......... 128,398 347,063
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 50,986,287 90,022,129
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 50,986,287 90,022,129
30 Total liabilities and net assets/fund balances (see instructions). 51,114,684 90,369,192
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
50,986,287
2
Enter amount from Part I, line 27a .....................
2
32,328,542
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,707,300
4
Add lines 1, 2, and 3 ..........................
4
90,022,129
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
90,022,129
Form 990-PF (2021)
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 PUBLICLY TRADED SECURITIES   2020-01-01 2021-12-31
b SHOREBRIDGE POINT72 SELECT, LTD P 2020-01-01 2021-12-31
c ALVENTO LONG SHORT EQUITY FUND LTD P 2020-01-01 2021-12-31
d VARADERO INTERNATIONAL LTD P 2020-01-01 2021-12-31
e TWO SIGMA SPECTRUM CAYMAN FUND LIMITED P 2020-01-01 2021-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,597,753   548,266 8,049,487
b 1,576,579   1,250,000 326,579
c 2,946,774   3,000,000 -53,226
d 1,358,189   1,000,000 358,189
e 2,053,366   1,043,795 1,009,571
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       8,049,487
b       326,579
c       -53,226
d       358,189
e       1,009,571
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 9,690,600
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 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........................... 3 140,570
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- ..... 5 140,570
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 44,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,975
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 98,545
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSTEVEN TSAO Telephone no.bullet (949) 706-3355

    Located atbulletPO BOX 1115CORONA DEL MARCA ZIP+4bullet92625
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)
     
    No
    (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)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    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.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (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)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (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)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    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
    MICHAEL LIYOUNG TSAO PRESIDENT
    1.00     		0 0 0
    PO BOX 1115
    CORONA DEL MAR,CA92625
    STEVEN LIDAH TSAO CFO
    1.00     		0 0 0
    PO BOX 1115
    CORONA DEL MAR,CA92625
    JANIE TSAO FOUNDATION MANAGER
    1.00     		0 0 0
    PO BOX 1115
    CORONA DEL MAR,CA92625
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    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
    MIVEN INC INVESTMENT MANAGEMENT SERVICES 253,834
    23 CORPORATE PLAZA DR 225
    NEWPORT BEACH,CA92660
    THE NET AFFECT LLC CONSULTING SERVICES 80,017
    616 BROOKS LN AT
    BIRMINGHAM,AL35244
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    56,908,942
    b
    Average of monthly cash balances.......................
    1b
    14,071,368
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    70,980,310
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    70,980,310
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,064,705
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    69,915,605
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,495,780
    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.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    3,495,780
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    140,570
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    140,570
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,355,210
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,355,210
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    3,355,210
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    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 3,355,210
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 2,049,709
    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: bullet$ 2,436,312
    a Applied to 2020, but not more than line 2a 2,049,709
    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..... 386,603
    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 ..........     		2,968,607
    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)
    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 or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    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).)
    MICHAEL LIYOUNG TSAO
    JANIE TSAO
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    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)
    aPaid during the year
    CENTER FOR VENTURE EDUCATION INC
    3207 RANCH RD 620 S STE 200
    AUSTIN,TX78738     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 50,000
    CHARITABLE VENTURES
    1505 E 17TH STREET SUITE 101
    SANTA ANA,CA92705     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 1,000
    SOUTH COAST CHINESE CULTURAL ASSOCIATION
    9 TRUMAN ST
    IRVINE,CA92620     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 100,000
    IRVINE CANAAN CHRISTIAN COMMUNITY CHURCH
    17321 MURPHY AVENUE
    IRVINE,CA92614     		  PC SUPPORTING CHARITABLE ORGANIZATION'S 60,000
    PHOENIX MULTISPORT INC
    2239 CHAMPA ST
    DENVER,CO80205     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 50,000
    THE PURPOSE OF RECOVERY
    700 S EUCLID ST
    ANAHEIM,CA92802     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 500,000
    MAKARIOS MINISTRIES INC
    1105 WEST WELL ST
    GRAPEVINE,TX76051     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 10,000
    PEPPERDINE UNIVERSITY
    24255 PACIFIC COAST HWY
    MALIBU,CA90263     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 75,000
    WOMENS STEP HOUSE OF ORANGE COUNTY
    PO BOX 3676
    LAGUNA HILLS,CA92654     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 50,000
    CHOC FOUNDATION
    1201 W LA VETA AVE
    ORANGE,CA92868     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 150,000
    HOAG HOSPITAL FOUNDATION
    16200 SAND CANYON AVENUE
    IRVINE,CA92618     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 150,000
    THE ECOLOGY CENTER
    32701 ALIPAZ ST
    SAN JUAN CAPISTRANO,CA92675     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 200,000
    FIDELITY CHARITABLE
    200 SEAPORT BOULEVARD MAIL ZONE
    NCW4B
    BOSTON,MA02210     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 250,000
    UNIVERSITY OF CALIFORNIA IRVINE FOUNDATION
    5141 CALIFORNIA AVENUE SUITE 250
    IRVINE,CA92617     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 25,000
    RED SONGBIRD FOUNDATION
    833 DOVER DRIVE SUITE 24
    NEWPORT BEACH,CA926636954     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 100,000
    ASIAN AMERICAN FUTURES
    15333 CULVER DRIVE 340-2181
    IRVINE,CA92604     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 10,000
    RENEWAL FOUNDATION INC
    1249 S DIAMOND BAR BLVD 359
    DIAMOND BAR,CA91765     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 450,000
    ILLINOIS INSTITUTE OF TECHNOLOGY
    10 WEST 35TH STREET SUITE 1700
    CHICAGO,IL60616     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 5,000
    THE CHILDREN SCHOOL INC
    2424 SE BRISTOL ST SUITE 300
    NEWPORT BEACH,CA92660     		  PC SUPPORTING CHARITABLE ORGANIZATION'S EXEMPT PURPOSES 100,000
    Total .................................bullet 3a 2,336,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    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
    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 46,959  
    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 2,564,163  
    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 3,242,571 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,242,571
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part 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)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    TSAO FAMILY FOUNDATION
     
    Employer identification number

    20-2043022
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    TSAO FAMILY FOUNDATION
          		Employer identification number
    20-2043022
    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
    MICHAEL TSAO
    PO BOX 1115
     
    CORONA DEL MAR, CA92626

    		$ 523,450


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    THE TSAO FAMILY TRUST - JT SEPARATE PROPERTY TRUST
     
    PO BOX 1115
     
    CORONA DEL MAR, CA92626

    		$ 6,575,850


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    MLT 2006 TRUST #1
     
    PO BOX 1115
     
    CORONA DEL MAR, CA92626

    		$ 5,384,261


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    MLT 2006 TRUST #2
     
    PO BOX 1115
     
    CORONA DEL MAR, CA92626

    		$ 19,431,568


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    TSAO FAMILY FOUNDATION
          		Employer identification number

    20-2043022
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 STOCK $ 523,450 2021-05-13
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 STOCK $ 6,575,850 2021-05-10
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 STOCK $ 5,384,261 2021-07-22
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    4
    		 STOCK $ 19,431,568 2021-07-22
    (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
    TSAO FAMILY FOUNDATION
          		Employer identification number

    20-2043022
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT FEES 4,500 2,250   2,250

    TY 2021 GeneralExplanationAttachment
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Identifier Return Reference Explanation
    TREAS. REG. SECTION 1.6038B-1(C) AND TEMP. REG. SECTION 1.6038B-1T(C) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) NAME OF TRANSFEROR: TSAO FAMILY FOUNDATION EIN: 20-2043022 ADDRESS: P.O. BOX 1115 CORONA DEL MAR, CA 92625(2) NAME OF TRANSFEREE: SILVERARC CAPITAL ALPHA FUND II, LTD. ADDRESS: 111 PINE STREET SAN FRANCISCO, CA 94111 COUNTRY OF INCORPORATION: CAYMAN ISLANDS DURING THE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION TRANSFERRED $2,500,000 TO SILVERARC CAPITAL ALPHA FUND II, LTD.(3) IN THE TAXABLE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION, A U.S. PRIVATE FOUNDATION, CONTRIBUTED CASH TO SILVERARC CAPITAL ALPHA FUND II, LTD., A FOREIGN CORPORATION, PURSUANT TO 26 USC 351 IN EXCHANGE FOR AN INDIRECT INTEREST IN THE FOREIGN CORPORATION. TSAO FAMILY FOUNDATION DID NOT RECEIVE ANY OTHER SECURITIES OR PROPERTY DURING THE EXCHANGE. TSAO FAMILY FOUNDATION DID NOT ASSUME ANY LIABILITIES DURING THE EXCHANGE.(4) PROPERTY TRANSFERRED IN EACH OF THE FOLLOWING CATEGORIES, INCLUDING THE ESTIMATED FMV AND ADJUSTED BASIS OF THE PROPERTY: (I) ACTIVE TRADE OR BUSINESS PROPERTY: N/A (II) STOCK OR SECURITIES: N/A (III) DEPRECIATED PROPERTY: N/A (IV) PROPERTY TO BE LEASED: N/A (V) PROPERTY TO BE SOLD: N/A (VI) TRANSFERS TO FSCS: N/A (VII) TAINTED PROPERTY: N/A (VIII) FOREIGN LOSS BRANCH: N/A (IX) OTHER INTANGIBLES: N/A(5) TSAO FAMILY FOUNDATION DID NOT TRANSFER PROPERTY OF A FOREIGN BRANCH WITH PREVIOUSLY DEDUCTED LOSSES SUBJECT TO THE RULES OF TREAS. REG. SEC. 1.367(A)-6T, DURING THE EXCHANGE.(6) THE EXCHANGE BETWEEN TSAO FAMILY FOUNDATION AND SILVERARC CAPITAL ALPHA FUND II, LTD IS NOT A TRANSFER OF ASSETS DESCRIBED IN I.R.C. SECTION 361(A) OR (B).
    TREAS. REG. SECTION 1.6038B-1(C) AND TEMP. REG. SECTION 1.6038B-1T(C) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) NAME OF TRANSFEROR: TSAO FAMILY FOUNDATION EIN: 20-2043022 ADDRESS: P.O. BOX 1115 CORONA DEL MAR, CA 92625(2) NAME OF TRANSFEREE: COINFUND LIQUID OPPORTUNITIES OFFSHORE LP CLASS A ADDRESS: 5 BRYANT PARK, SUITE 1003 NEW YORK, NY 10018 COUNTRY OF INCORPORATION: CAYMAN ISLANDS DURING THE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION TRANSFERRED $500,000 TOCOINFUND LIQUID OPPORTUNITIES OFFSHORE LP CLASS A.(3) IN THE TAXABLE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION, A U.S. PRIVATEFOUNDATION, CONTRIBUTED CASH TO COINFUND LIQUID OPPORTUNITIES OFFSHORE LP CLASS A, AFOREIGN CORPORATION, PURSUANT TO 26 USC 351 IN EXCHANGE FOR AN INDIRECT INTEREST IN THE FOREIGNCORPORATION. TSAO FAMILY FOUNDATION DID NOT RECEIVE ANY OTHER SECURITIES OR PROPERTY DURING THEEXCHANGE. TSAO FAMILY FOUNDATION DID NOT ASSUME ANY LIABILITIES DURING THE EXCHANGE.(4) PROPERTY TRANSFERRED IN EACH OF THE FOLLOWING CATEGORIES, INCLUDING THE ESTIMATED FMV AND ADJUSTED BASISOF THE PROPERTY: (I) ACTIVE TRADE OR BUSINESS PROPERTY: N/A (II) STOCK OR SECURITIES: N/A (III) DEPRECIATED PROPERTY: N/A (IV) PROPERTY TO BE LEASED: N/A (V) PROPERTY TO BE SOLD: N/A (VI) TRANSFERS TO FSCS: N/A (VII) TAINTED PROPERTY: N/A (VIII) FOREIGN LOSS BRANCH: N/A (IX) OTHER INTANGIBLES: N/A(5) TSAO FAMILY FOUNDATION DID NOT TRANSFER PROPERTY OF A FOREIGN BRANCH WITH PREVIOUSLYDEDUCTED LOSSES SUBJECT TO THE RULES OF TREAS. REG. SEC. 1.367 (A)-6T, DURING THE EXCHANGE.(6) THE EXCHANGE BETWEEN TSAO FAMILY FOUNDATION AND COINFUND LIQUID OPPORTUNITIESOFFSHORE LP CLASS A IS NOT A TRANSFER OF ASSETS DESCRIBED IN I.R.C. SECTION 361(A) OR (B).
    TREAS. REG. SECTION 1.6038B-1(C) AND TEMP. REG. SECTION 1.6038B-1T(C) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) NAME OF TRANSFEROR: TSAO FAMILY FOUNDATION EIN: 20-2043022 ADDRESS: P.O. BOX 1115 CORONA DEL MAR, CA 92625(2) NAME OF TRANSFEREE: MULTICOIN INDEX FUND OFFSHORE SPC ADDRESS: 501 WEST AVENUE, SUITE 3803 AUSTIN, TX 78701 COUNTRY OF INCORPORATION: CAYMAN ISLANDS DURING THE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION TRANSFERRED $500,000 TOMULTICOIN INDEX FUND OFFSHORE SPC.(3) IN THE TAXABLE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION, A U.S. PRIVATEFOUNDATION, CONTRIBUTED CASH TO MULTICOIN INDEX FUND OFFSHORE SPC, A FOREIGN CORPORATION,PURSUANT TO 26 USC 351 IN EXCHANGE FOR AN INDIRECT INTEREST IN THE FOREIGN CORPORATION. TSAO FAMILYFOUNDATION DID NOT RECEIVE ANY OTHER SECURITIES OR PROPERTY DURING THE EXCHANGE. TSAO FAMILY FOUNDATION DID NOT ASSUME ANY LIABILITIES DURING THE EXCHANGE.(4) PROPERTY TRANSFERRED IN EACH OF THE FOLLOWING CATEGORIES, INCLUDING THE ESTIMATED FMV AND ADJUSTEDBASIS OF THE PROPERTY: (I) ACTIVE TRADE OR BUSINESS PROPERTY: N/A (II) STOCK OR SECURITIES: N/A (III) DEPRECIATED PROPERTY: N/A (IV) PROPERTY TO BE LEASED: N/A (V) PROPERTY TO BE SOLD: N/A (VI) TRANSFERS TO FSCS: N/A (VII) TAINTED PROPERTY: N/A (VIII) FOREIGN LOSS BRANCH: N/A (IX) OTHER INTANGIBLES: N/A(5) TSAO FAMILY FOUNDATION DID NOT TRANSFER PROPERTY OF A FOREIGN BRANCH WITH PREVIOUSLYDEDUCTED LOSSES SUBJECT TO THE RULES OF TREAS. REG. SEC. 1.367 (A)-6T, DURING THE EXCHANGE.(6) THE EXCHANGE BETWEEN TSAO FAMILY FOUNDATION AND MULTICOIN INDEX FUND OFFSHORESPC IS NOT A TRANSFER OF ASSETS DESCRIBED IN I.R.C. SECTION 361(A) OR (B).
    TREAS. REG. SECTION 1.6038B-1(C) AND TEMP. REG. SECTION 1.6038B-1T(C) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) NAME OF TRANSFEROR: TSAO FAMILY FOUNDATION EIN: 20-2043022 ADDRESS: P.O. BOX 1115 CORONA DEL MAR, CA 92625(2) NAME OF TRANSFEREE: ZP OFFSHORE UTILITY FUND LTD, CLASS E SHARES ADDRESS: 190 ELGIN AVENUE, GEORGE TOWN GRAND CAYMAN KY 1-9005 COUNTRY OF INCORPORATION: CAYMAN ISLANDS DURING THE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION TRANSFERRED $1,500,000 TOZP OFFSHORE UTILITY FUND LTD, CLASS E SHARES.(3) IN THE TAXABLE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION, A U.S. PRIVATEFOUNDATION, CONTRIBUTED CASH TO ZP OFFSHORE UTILITY FUND LTD, CLASS E SHARES, A FOREIGNCORPORATION, PURSUANT TO 26 USC 351 IN EXCHANGE FOR AN INDIRECT INTEREST IN THE FOREIGN CORPORATION.TSAO FAMILY FOUNDATION DID NOT RECEIVE ANY OTHER SECURITIES OR PROPERTY DURING THE EXCHANGE.TSAO FAMILY FOUNDATION DID NOT ASSUME ANY LIABILITIES DURING THE EXCHANGE.(4) PROPERTY TRANSFERRED IN EACH OF THE FOLLOWING CATEGORIES, INCLUDING THE ESTIMATED FMV AND ADJUSTED BASISOF THE PROPERTY: (I) ACTIVE TRADE OR BUSINESS PROPERTY: N/A (II) STOCK OR SECURITIES: N/A (III) DEPRECIATED PROPERTY: N/A (IV) PROPERTY TO BE LEASED: N/A (V) PROPERTY TO BE SOLD: N/A (VI) TRANSFERS TO FSCS: N/A (VII) TAINTED PROPERTY: N/A (VIII) FOREIGN LOSS BRANCH: N/A (IX) OTHER INTANGIBLES: N/A(5) TSAO FAMILY FOUNDATION DID NOT TRANSFER PROPERTY OF A FOREIGN BRANCH WITH PREVIOUSLYDEDUCTED LOSSES SUBJECT TO THE RULES OF TREAS. REG. SEC. 1.367 (A)-6T, DURING THE EXCHANGE.(6) THE EXCHANGE BETWEEN TSAO FAMILY FOUNDATION AND ZP OFFSHORE UTILITY FUND LTD,CLASS E SHARES IS NOT A TRANSFER OF ASSETS DESCRIBED IN I.R.C. SECTION 361(A) OR (B).
    TREAS. REG. SECTION 1.6038B-1(C) AND TREAS. REG. SEC. 1.351-3(A) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) NAME OF TRANSFEROR: TSAO FAMILY FOUNDATION EIN: 20-2043022 ADDRESS: P.O. BOX 1115 CORONA DEL MAR, CA 92625(2) NAME OF TRANSFEREE: 3W GREATER CHINA FOCUS NON-US FEEDER FUND, CLASS A ADDRESS: 3W FUND MANAGEMENT LIMITED SUITE 507, ICBC TOWER, 3 GARDEN ROAD CETNRAL, HONG KONG COUNTRY OF INCORPORATION: CAYMAN ISLANDS DURING THE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION TRANSFERRED $2,000,000 TO3W GREATER CHINA FOCUS NON-US FEEDER FUND, CLASS A.(3) IN THE TAXABLE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION, A U.S. PRIVATEFOUNDATION, CONTRIBUTED CASH TO 3W GREATER CHINA FOCUS NON-US FEEDER FUND, CLASS A,A FOREIGN CORPORATION, PURSUANT TO 26 USC 351 IN EXCHANGE FOR AN INDIRECT INTEREST IN THE FOREIGNCORPORATION. TSAO FAMILY FOUNDATION DID NOT RECEIVE ANY OTHER SECURITIES OR PROPERTY DURING THEEXCHANGE. TSAO FAMILY FOUNDATION DID NOT ASSUME ANY LIABILITIES DURING THE EXCHANGE.(4) PROPERTY TRANSFERRED IN EACH OF THE FOLLOWING CATEGORIES, INCLUDING THE ESTIMATED FMV AND ADJUSTEDBASIS OF THE PROPERTY: (I) ACTIVE TRADE OR BUSINESS PROPERTY: N/A (II) STOCK OR SECURITIES: N/A (III) DEPRECIATED PROPERTY: N/A (IV) PROPERTY TO BE LEASED: N/A (V) PROPERTY TO BE SOLD: N/A (VI) TRANSFERS TO FSCS: N/A (VII) TAINTED PROPERTY: N/A (VIII) FOREIGN LOSS BRANCH: N/A (IX) OTHER INTANGIBLES: N/A(5) TSAO FAMILY FOUNDATION DID NOT TRANSFER PROPERTY OF A FOREIGN BRANCH WITH PREVIOUSLYDEDUCTED LOSSES SUBJECT TO THE RULES OF TREAS. REG. SEC. 1.367 (A)-6T, DURING THE EXCHANGE.(6) THE EXCHANGE BETWEEN TSAO FAMILY FOUNDATION AND 3W GREATER CHINA FOCUS NON-USFEEDER FUND, CLASS A IS NOT A TRANSFER OF ASSETS DESCRIBED IN I.R.C. SECTION 361(A) OR (B).STATEMENT FILED PURSUANT TO TREAS. REG. SEC. 1.351-3(A):(1) THE TRANSFEREE CORPORATION IS 3W GREATER CHINA FOCUS NON-US FEEDER FUND, CLASS A,A FOREIGN CORPORATION ORGANIZED UNDER THE LAWS OF CAYMAN ISLANDS.(2) TSAO FAMILY FOUNDATION TRANSFERRED THE ASSETS IDENTIFIED IN (3) BELOW ON VARIOUS DATES.(3) THE TRANSFERRED PROPERTY HAD AN AGGREGATE FAIR MARKET VALUE OF $3,000,000 AND AN AGGREGATEBASIS OF $3,000,000 IMMEDIATELY BEFORE THE EXCHANGE.PROPERTY TRANSFERRED FAIR MARKET VALUE AGGREGATE BASISCASH $3,000,000 $3,000,000TOTAL $3,000,000 $3,000,000(4) NO PRIVATE LETTER RULINGS WERE ISSUED IN CONNECTION WITH THE SECTION 351 EXCHANGE.
    TREAS. REG. SECTION 1.6038B-1(C) AND TREAS. REG. SEC. 1.351-3(A) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) NAME OF TRANSFEROR: TSAO FAMILY FOUNDATION EIN: 20-2043022 ADDRESS: P.O. BOX 1115 CORONA DEL MAR, CA 92625(2) NAME OF TRANSFEREE: ALVENTO LONG SHORT EQUITY FUND LP TFF FOUNDERS ADDRESS: 1 KNIGHTSBRIDGE GREEN LONDON SW 1X 7NE, UNITED KINGDOM COUNTRY OF INCORPORATION: CAYMAN ISLANDS DURING THE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION TRANSFERRED $3,000,000 TOALVENTO LONG SHORT EQUITY FUND LP TFF FOUNDERS.(3) IN THE TAXABLE YEAR ENDED DECEMBER 31, 2021, TSAO FAMILY FOUNDATION, A U.S. PRIVATEFOUNDATION, CONTRIBUTED CASH TO ALVENTO LONG SHORT EQUITY FUND LP TFF FOUNDERS, AFOREIGN CORPORATION, PURSUANT TO 26 USC 351 IN EXCHANGE FOR AN INDIRECT INTEREST IN THE FOREIGNCORPORATION. TSAO FAMILY FOUNDATION DID NOT RECEIVE ANY OTHER SECURITIES OR PROPERTY DURING THEEXCHANGE. TSAO FAMILY FOUNDATION DID NOT ASSUME ANY LIABILITIES DURING THE EXCHANGE.(4) PROPERTY TRANSFERRED IN EACH OF THE FOLLOWING CATEGORIES, INCLUDING THE ESTIMATED FMV AND ADJUSTEDBASIS OF THE PROPERTY: (I) ACTIVE TRADE OR BUSINESS PROPERTY: N/A (II) STOCK OR SECURITIES: N/A (III) DEPRECIATED PROPERTY: N/A (IV) PROPERTY TO BE LEASED: N/A (V) PROPERTY TO BE SOLD: N/A (VI) TRANSFERS TO FSCS: N/A (VII) TAINTED PROPERTY: N/A (VIII) FOREIGN LOSS BRANCH: N/A (IX) OTHER INTANGIBLES: N/A(5) TSAO FAMILY FOUNDATION DID NOT TRANSFER PROPERTY OF A FOREIGN BRANCH WITH PREVIOUSLYDEDUCTED LOSSES SUBJECT TO THE RULES OF TREAS. REG. SEC. 1.367 (A)-6T, DURING THE EXCHANGE.(6) THE EXCHANGE BETWEEN TSAO FAMILY FOUNDATION AND ALVENTO LONG SHORT EQUITYFUND LP TFF FOUNDERS IS NOT A TRANSFER OF ASSETS DESCRIBED IN I.R.C. SECTION 361(A) OR (B).STATEMENT FILED PURSUANT TO TREAS. REG. SEC. 1.351-3(A):(1) THE TRANSFEREE CORPORATION IS ALVENTO LONG SHORT EQUITY FUND LP TFF FOUNDERS, AFOREIGN CORPORATION ORGANIZED UNDER THE LAWS OF CAYMAN ISLANDS.(2) TSAO FAMILY FOUNDATION TRANSFERRED THE ASSETS IDENTIFIED IN (3) BELOW ON VARIOUS DATES.(3) THE TRANSFERRED PROPERTY HAD AN AGGREGATE FAIR MARKET VALUE OF $3,000,000 AND AN AGGREGATEBASIS OF $3,000,000 IMMEDIATELY BEFORE THE EXCHANGE.PROPERTY TRANSFERRED FAIR MARKET VALUE AGGREGATE BASISCASH $3,000,000 $3,000,000TOTAL $3,000,000 $3,000,000(4) NO PRIVATE LETTER RULINGS WERE ISSUED IN CONNECTION WITH THE SECTION 351 EXCHANGE.
    TREAS. REG. SEC. 1.351-3(A) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) THE TRANSFEREE CORPORATION IS SILVERARC CAPITAL ALPHA FUND II, LTD., A FOREIGN CORPORATIONORGANIZED UNDER THE LAWS OF CAYMAN ISLANDS.(2) TSAO FAMILY FOUNDATION TRANSFERRED THE ASSETS IDENTIFIED IN (3) BELOW ON VARIOUS DATES.(3) THE TRANSFERRED PROPERTY HAD AN AGGREGATE FAIR MARKET VALUE OF $2,500,000 AND AN AGGREGATEBASIS OF $2,500,000 IMMEDIATELY BEFORE THE EXCHANGE.PROPERTY TRANSFERRED FAIR MARKET VALUE AGGREGATE BASISCASH $2,500,000 $2,500,000TOTAL $2,500,000 $2,500,000(4) NO PRIVATE LETTER RULINGS WERE ISSUED IN CONNECTION WITH THE SECTION 351 EXCHANGE.
    TREAS. REG. SEC. 1.351-3(A) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) THE TRANSFEREE CORPORATION IS COINFUND LIQUID OPPORTUNITIES OFFSHORE LP CLASS A, AFOREIGN CORPORATION ORGANIZED UNDER THE LAWS OF CAYMAN ISLANDS.(2) TSAO FAMILY FOUNDATION TRANSFERRED THE ASSETS IDENTIFIED IN (3) BELOW ON VARIOUS DATES.(3) THE TRANSFERRED PROPERTY HAD AN AGGREGATE FAIR MARKET VALUE OF $500,000 AND AN AGGREGATE BASISOF $500,000 IMMEDIATELY BEFORE THE EXCHANGE.PROPERTY TRANSFERRED FAIR MARKET VALUE AGGREGATE BASISCASH $500,000 $500,000TOTAL $500,000 $500,000(4) NO PRIVATE LETTER RULINGS WERE ISSUED IN CONNECTION WITH THE SECTION 351 EXCHANGE.
    TREAS. REG. SEC. 1.351-3(A) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) THE TRANSFEREE CORPORATION IS MULTICOIN INDEX FUND OFFSHORE SPC, A FOREIGN CORPORATIONORGANIZED UNDER THE LAWS OF CAYMAN ISLANDS.(2) TSAO FAMILY FOUNDATION TRANSFERRED THE ASSETS IDENTIFIED IN (3) BELOW ON VARIOUS DATES.(3) THE TRANSFERRED PROPERTY HAD AN AGGREGATE FAIR MARKET VALUE OF $500,000 AND AN AGGREGATE BASISOF $500,000 IMMEDIATELY BEFORE THE EXCHANGE.PROPERTY TRANSFERRED FAIR MARKET VALUE AGGREGATE BASISCASH $500,000 $500,000TOTAL $500,000 $500,000(4) NO PRIVATE LETTER RULINGS WERE ISSUED IN CONNECTION WITH THE SECTION 351 EXCHANGE.
    TREAS. REG. SEC. 1.351-3(A) FORM 990-PF, STATEMENT ATTACHED TO FORM 926 (1) THE TRANSFEREE CORPORATION IS ZP OFFSHORE UTILITY FUND LTD, CLASS E SHARES, A FOREIGNCORPORATION ORGANIZED UNDER THE LAWS OF CAYMAN ISLANDS.(2) TSAO FAMILY FOUNDATION TRANSFERRED THE ASSETS IDENTIFIED IN (3) BELOW ON VARIOUS DATES.(3) THE TRANSFERRED PROPERTY HAD AN AGGREGATE FAIR MARKET VALUE OF $1,500,000 AND AN AGGREGATEBASIS OF $1,500,000 IMMEDIATELY BEFORE THE EXCHANGE.PROPERTY TRANSFERRED FAIR MARKET VALUE AGGREGATE BASISCASH $1,500,000 $1,500,000TOTAL $1,500,000 $1,500,000(4) NO PRIVATE LETTER RULINGS WERE ISSUED IN CONNECTION WITH THE SECTION 351 EXCHANGE.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK AND MUTUAL FUNDS 30,189,543 30,189,543

    TY 2021 InvestmentsOtherSchedule2
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    3W GREATER CHINA NON-US FEEDER FMV 2,005,690 2,005,690
    BOOTHBAY DIVERSIFY FMV 2,000,000 2,000,000
    INVESTMENT - UB - OPTIONS & STOCKS FMV 13,955,680 13,955,680
    CITADEL KENSINGTON FMV 3,449,773 3,449,773
    COINFUND LIQUID FMV 527,405 527,405
    DCIG CAPITAL LTD FMV 2,555,644 2,555,644
    KADENSA FUND FMV 1,549,521 1,549,521
    MAN AHL TARGETRISK FMV 2,446,316 2,446,316
    MASS AVE GLOBAL PARTNERS FMV 2,000,000 2,000,000
    MULTICOIN FUND FMV 414,756 414,756
    MUTAKA JAPAN MARK FMV 2,342,590 2,342,590
    SILVERARC CAPALPH FMV 2,461,483 2,461,483
    SILVERARC SP 1221 FMV 10,938 10,938
    PARF OFFSHORE LTD FMV 2,167,603 2,167,603
    VARADERO INT LTD. FMV 1,374,137 1,374,137
    ZP OFFSHORE UTILITY FMV 4,162,793 4,162,793
    RED CLIFF ASIA FUND SUBRED FMV 2,000,000 2,000,000

    TY 2021 OtherAssetsSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND & INT INC ACCRUAL   423 423


    TY 2021 OtherExpensesSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL BUSINESS EXPENSE 225 0   0
    DUES AND SUBSCRIPTIONS 131 0   131


    TY 2021 OtherIncomeSchedule2
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BANK CHARGE 133 133 0
    REALIZED GAIN ON CURRENCY 151 151 0
    OTHER INCOME 6,812 6,812 0


    TY 2021 OtherIncreasesSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Description Amount
    UNREALIZED GAIN - FMV ADJUSTMENT 6,707,300


    TY 2021 OtherLiabilitiesSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO MIVEN, INC. 128,398 253,832
    DEFERRED TAX LIABILITY 0 93,231


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 253,834 253,834   0
    CONTRACT CONSULTATION 73,364 0   73,364
    OUT OF SCOPE CONSULTATION 5,017 0   5,017
    CHARITABLE ADVISORY - OTHER 18,750 0   18,750


    TY 2021 TaxesSchedule
    Name:
    TSAO FAMILY FOUNDATION
    EIN:
    20-2043022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CA ANNUAL REGISTRATION RENEWAL FEE 800 0   800
    FEDERAL EXCISE TAX 136,537 0   0