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 07-01-2021 , and ending 06-30-2022

Name of foundation
The Bretzlaff Foundation Inc

Number and street (or P.O. box number if mail is not delivered to street address)165 W Liberty St 110
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Reno, NV89501

A Employer identification number

88-0241424

B Telephone number (see instructions)

(775) 221-8004

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

$17,345,507J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	508,355		508,355
5a	Gross rents............	7,200		7,200
b	Net rental income or (loss) 7,200
6a	Net gain or (loss) from sale of assets not on line 10		802,888
b	Gross sales price for all assets on line 6a 2,618,628
7	Capital gain net income (from Part IV, line 2)...			802,888
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,318,443		1,318,443
13	Compensation of officers, directors, trustees, etc.	130,000		65,000	65,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		16,516	6,131	10,385
c	Other professional fees (attach schedule)....		53,539	49,801	3,738
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		16,366	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	44,052		22,026	22,026
21	Travel, conferences, and meetings.......	2,601		0	2,601
22	Printing and publications..........
23	Other expenses (attach schedule).......		10,870	396	10,474
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	273,944		143,354	114,224
25	Contributions, gifts, grants paid.......	1,160,000			1,160,000
26	Total expenses and disbursements. Add lines 24 and 25	1,433,944		143,354	1,274,224
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-115,501
b	Net investment income (if negative, enter -0-)			1,175,089
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	436,216	374,902	374,902
	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)
	b	Investments—corporate stock (attach schedule).......	8,033,719	7,001,468	7,001,468
	c	Investments—corporate bonds (attach schedule).......	3,188,039	2,815,742	2,815,742
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	9,584,759	7,153,395	7,153,395
	14	Land, buildings, and equipment: basis 4,990
		Less: accumulated depreciation (attach schedule) 4,990
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	21,242,733	17,345,507	17,345,507
	17	Accounts payable and accrued expenses..........	10,792	206
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	10,792	206
		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	21,231,941	17,345,301
	29	Total net assets or fund balances (see instructions).....	21,231,941	17,345,301
	30	Total liabilities and net assets/fund balances (see instructions).	21,242,733	17,345,507

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

21,231,941

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

-115,501

Other increases not included in line 2 (itemize) bullet

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

21,116,440

Decreases not included in line 2 (itemize) bullet

3,771,139

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

17,345,301

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	Publicly Traded Securities
b	Crosscreek LP	P
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	2,618,317	1,815,740	802,577
b	311		311
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			802,577
b			311
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	802,888
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	16,334
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	16,334
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	16,160
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	17,000
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	33,160
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	32
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	16,794
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax16,794	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

Michael J Melarkey Telephone no. bullet

(775) 221-8004

Located at bullet

165 West Liberty 110RenoNV ZIP+4 bullet

89501

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2021? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

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

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

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2021.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..

Form 990-PF (2021)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Michael J Melarkey	President 16.00	50,000
165 West Liberty Street 110 Reno,NV89501	President 16.00	50,000
Dick Gilbert	Secretary 8.00	40,000
165 West Liberty Street 110 Reno,NV89501	Secretary 8.00	40,000
Gregory Ferraro	Trustee 8.00	40,000
165 West Liberty Street 110 Reno,NV89501	Trustee 8.00	40,000

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

20,165,813

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

342,001

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

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

20,507,814

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

20,507,814

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

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

307,617

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

20,200,197

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

1,010,010

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

1,010,010

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

16,334

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

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

16,334

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

993,676

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

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

993,676

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

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

993,676

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					993,676
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......	116,103
b From 2017......
c From 2018......	191,230
d From 2019......	128,192
e From 2020......
f Total of lines 3a through e ........		435,525
4Qualifying distributions for 2021 from Part
XI, line 4: $ 1,274,224
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.....					993,676
e Remaining amount distributed out of corpus		280,548
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		716,073
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) ...		116,103
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		599,970
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....	191,230
c Excess from 2019....	128,192
d Excess from 2020....
e Excess from 2021....	280,548

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).)

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 e-mail address of the person to whom applications should be addressed:

MICHAEL J MELARKEY
165 WEST LIBERTY 110
RENO,NV89501
(775) 221-8004

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS SHOULD BE IN WRITING AND INCLUDE THE TYPE OF ORGANIZATION, ITS PURPOSE, AND THE NATURE AND PURPOSE OF THE GRANT REQUEST.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

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
Artown 528 West First St Reno,NV89503	None	PC	Summer Festival	15,000
Arts For All Nevada 250 Court St Reno,NV89501	None	PC	Program Support	5,000
Big Brothers and Sisters of Northern Nevada 1300 Foster Dr 210 Reno,NV89509	None	PC	Mentor Program	10,000
Boys And Girls Club Of Truckee Meadows 1270 Foster Dr Reno,NV89509	None	PC	Education Intiative Program	25,000
Center For Adaptive Riding 550 West Plumb Lane Ste B Reno,NV89509	None	PC	Capital Campaign	25,000
Churchill Arts Council 600 Serpa Place Fallon,NV89406	None	PC	Program Support	20,000
First Tee 3550 Barron Way STE 10B Reno,NV89511	None	PC	Program Support	10,000
Girls On The Run 100 California Ave 210 Reno,NV89509	None	PC	Program Support	5,000
Hawaii Theatre Center 1130 Bethel St Honolulu,HI96813	None	PC	Education Programs	15,000
High Sierra Industries (HSI) 555 Reactor Way Reno,NV89502	None	PC	Parking Lot Improvement	10,000
Honolulu Museum of Art 900 South Beretania St Honolulu,HI96814	None	PC	Professional Development Fund	500,000
Nevada Museum of Art 160 W Liberty St Reno,NV89503	None	PC	Exhibit Program	50,000
Nevada Museum of Art 160 W Liberty St Reno,NV89503	None	PC	Facility Enhancements	150,000
Northern Nevada Children's Cancer Foundation 3550 Barron Way 5A Reno,NV89511	None	PC	Family Assistance Fund	10,000
PBS Reno 1670 North Virginia St Reno,NV89503	None	PC	Operational Support	15,000
Renown Health Foundation 1155 Mill St O2 Reno,NV89502	None	PC	children's Hospital	150,000
Safe Talk For Teens 6490 S McCarran Blvd Reno,NV89509	None	PC	Program Support	15,000
Truckee Meadows Community College Foundation 7000 Dandini Blvd Reno,NV89512	None	PC	Scholarships	10,000
University of Nevada Reno Foundation Morril Hall /0162 Reno,NV89557	None	PC	Engineering Bldg Campaign	100,000
Washoe CASA Foundation PO Box 948 Reno,NV89504	None	PC	Program Support	20,000
Total ................................. 3a				1,160,000

bApproved for future payment

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

Form 990-PF (2021)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	7,200
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	802,888
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		1,318,443	0

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

1,318,443

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2021)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	6,131	6,131		0
Tax Preparation Fees	10,385	0		10,385

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Charles Schwab 9134 - Air Products And Che 2.05% 05/15/2030 Callable	77,838	77,838
Charles Schwab 9134 - American Airlines I 3.25% 04/15/2030 Abs	81,365	81,365
Charles Schwab 9134 - American Tower Corp 2.9% 01/15/2030 Callable	21,348	21,348
Charles Schwab 9134 - American Tower Corp 3.375% 10/15/2026 Callable	118,140	118,140
Charles Schwab 9134 - Apple Inc 3% 06/20/2027 Callable	58,679	58,679
Charles Schwab 9134 - Apple Inc 3.2% 05/11/2027 Callable	39,313	39,313
Charles Schwab 9134 - Apple Inc. 1.65% 05/11/2030 Callable	42,414	42,414
Charles Schwab 9134 - At&T Inc. 4.35% 03/01/2029 Callable	73,768	73,768
Charles Schwab 9134 - Atmos Energy Corp 1.5% 01/15/2031 Callable	119,185	119,185
Charles Schwab 9134 - Caterpillar Inc. 1.9% 03/12/2031 Callable	127,829	127,829
Charles Schwab 9134 - Chubb Corp 3.35% 05/03/2026 Callable	121,986	121,986
Charles Schwab 9134 - Comcast Corp 3.15% 03/01/2026 Callable	121,597	121,597
Charles Schwab 9134 - Comcast Corp 4.25% 10/15/2030 Callable	24,574	24,574
Charles Schwab 9134 - Entergy Louisiana Ll 2.4% 10/01/2026 Callable	115,471	115,471
Charles Schwab 9134 - Fla Pwr Corp 3.2% 01/15/2027 Callable	121,452	121,452
Charles Schwab 9134 - Ford Motor Company 4.346% 12/08/2026 Callable	115,789	115,789
Charles Schwab 9134 - Hormel Foods Corp 1.8% 06/11/2030 Callable	125,597	125,597
Charles Schwab 9134 - Huntsman Interntnl L 4.5% 05/01/2029 Callable	127,687	127,687
Charles Schwab 9134 - Intel Corp 2% 08/12/2031 Callable	112,976	112,976
Charles Schwab 9134 - Martin Marietta Matr 3.5% 12/15/2027 Callable	118,368	118,368
Charles Schwab 9134 - Pfizer Inc. 1.75% 08/18/2031 Callable	33,359	33,359
Charles Schwab 9134 - Pnc Finl Svcs Group Var 04/23/2032 Callable	125,275	125,275
Charles Schwab 9134 - Progressive Co Ohio 2.45% 01/15/2027	117,692	117,692
Charles Schwab 9134 - Schlumberger Investm 2.65% 06/26/2030 Callable	131,971	131,971
Charles Schwab 9134 - Simon Ppty Grp Lp 3.25% 11/30/2026 Callable	119,137	119,137
Charles Schwab 9134 - Spirit Airlines Inc 4.1% 10/01/2029 Abs	75,301	75,301
Charles Schwab 9134 - State Street Corp 2.2% 03/03/2031	40,906	40,906
Charles Schwab 9134 - The Bank Of New York 1.8% 07/28/2031 Callable	101,596	101,596
Charles Schwab 9134 - Us Bancorp 3.1% 04/27/2026 Callable	120,550	120,550
Charles Schwab 9134 - United Continental H 3.1% 04/07/2030 Abs	84,579	84,579

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Charles Schwab 8303 - Alphabet Inc.	54,686	54,686
Charles Schwab 8303 - American Express Co	48,517	48,517
Charles Schwab 8303 - Ardagh Metal Packaging F	13,420	13,420
Charles Schwab 8303 - Bank Of America Corp	23,347	23,347
Charles Schwab 8303 - Bellring Brands Inc	15,755	15,755
Charles Schwab 8303 - Citigroup Inc	18,396	18,396
Charles Schwab 8303 - Cnh Industrial Nv F	31,293	31,293
Charles Schwab 8303 - Comcast Corp	51,012	51,012
Charles Schwab 8303 - Conagra Brands Inc	27,392	27,392
Charles Schwab 8303 - Crane Holdings Co	17,512	17,512
Charles Schwab 8303 - Cvs Heal Th Corp	20,848	20,848
Charles Schwab 8303 - Diageo Plc F	52,236	52,236
Charles Schwab 8303 - Dish Network Corp	11,493	11,493
Charles Schwab 8303 - Dupont De Nemours Inc	44,464	44,464
Charles Schwab 8303 - Edgewell Personal Care C	51,780	51,780
Charles Schwab 8303 - Enpro Industries Inc	16,386	16,386
Charles Schwab 8303 - Envergy Inc	22,838	22,838
Charles Schwab 8303 - General Motors Co	22,232	22,232
Charles Schwab 8303 - Genuine Parts Co	39,900	39,900
Charles Schwab 8303 - Grupo Televisa S A B F	16,360	16,360
Charles Schwab 8303 - Hain Celestial Group	26,114	26,114
Charles Schwab 8303 - Halliburton Co Hldg	25,088	25,088
Charles Schwab 8303 - Herc Hldgs Inc	9,015	9,015
Charles Schwab 8303 - Honeywell Intl Inc	30,417	30,417
Charles Schwab 8303 - Iac/Interactivecorp New	22,791	22,791
Charles Schwab 8303 - Intl Flavors& Fragra	35,736	35,736
Charles Schwab 8303 - I3 Verticals Inc	6,255	6,255
Charles Schwab 8303 - Johnson & Johnson	22,189	22,189
Charles Schwab 8303 - Jpmorgan Chase & Co	33,783	33,783
Charles Schwab 8303 - Liberty Broadband Co	23,128	23,128
Charles Schwab 8303 - Liberty Global Inc F	28,717	28,717
Charles Schwab 8303 - Liberty Media Corp	503	503
Charles Schwab 8303 - Liberty Media Corp	43,200	43,200
Charles Schwab 8303 - Liberty Media Corp	37,564	37,564
Charles Schwab 8303 - L3Harris Technologies In	30,213	30,213
Charles Schwab 8303 - Madison Square Garden Co	37,750	37,750
Charles Schwab 8303 - Madison Square Garden En	13,155	13,155
Charles Schwab 8303 - Marcus Corp	11,816	11,816
Charles Schwab 8303 - Merck & Co. Inc.	27,351	27,351
Charles Schwab 8303 - Mondelez Intl	31,045	31,045
Charles Schwab 8303 - Nexstar Media Group	20,360	20,360
Charles Schwab 8303 - 0 Reilly Automotive	63,176	63,176
Charles Schwab 8303 - Par Technology Corp	22,494	22,494
Charles Schwab 8303 - Paramount Global	19,744	19,744
Charles Schwab 8303 - Perrigo Co Plc	24,342	24,342
Charles Schwab 8303 - Post Holdings Inc	41,175	41,175
Charles Schwab 8303 - Republic Services	58,892	58,892
Charles Schwab 8303 - Resided Technologies Inc	27,188	27,188
Charles Schwab 8303 - S&P Global Inc	23,594	23,594
Charles Schwab 8303 - Schein Henry Inc	23,022	23,022
Charles Schwab 8303 - Sony Group Corp	61,328	61,328
Charles Schwab 8303 - St Ate Street Corp	24,660	24,660
Charles Schwab 8303 - Swedish Match Ab	24,312	24,312
Charles Schwab 8303 - -Mobile Us Inc	53,816	53,816
Charles Schwab 8303 - Telesat Corp	8,936	8,936
Charles Schwab 8303 - Terminix Global Holdings	36,585	36,585
Charles Schwab 8303 - Vivendi Ordf	29,483	29,483
Charles Schwab 8303 - Walt Disney Co	18,880	18,880
Charles Schwab 8303 - Waste Connectionsinc F	71,525	71,525
Charles Schwab 8303 - Xylem Inc.	35,181	35,181
Charles Schwab 8303 - Zimmer Biomet Hldgs	21,012	21,012
Charles Schwab 2066 - Agnc Investm 6.125% Pfd	8,908	8,908
Charles Schwab 2066 - Agnc Investm 6.875% Pfd	4,331	4,331
Charles Schwab 2066 - Agnc Investmen 6.5% Pfd	4,287	4,287
Charles Schwab 2066 - Agnc Investment 7%Pfd	8,721	8,721
Charles Schwab 2066 - Air Lease Cor 6.15% Pfd	13,594	13,594
Charles Schwab 2066 - American Equ 6.625% Pfd	21,372	21,372
Charles Schwab 2066 - American Equi 5.95% Pfd	22,471	22,471
Charles Schwab 2066 - American Home 6.25% Pfd	4,719	4,719
Charles Schwab 2066 - Annaly Capita 6.75% Pfd	17,080	17,080
Charles Schwab 2066 - Annaly Capita 6.95% Pfd	8,676	8,676
Charles Schwab 2066 - Arch Capital 4.55% Pfd	4,928	4,928
Charles Schwab 2066 - Arch Capital 5.45% Pfd	9,261	9,261
Charles Schwab 2066 - Aspen Insura 5.625% Pfd	19,389	19,389
Charles Schwab 2066 - Aspen Insura 5.625% Pfd	9,724	9,724
Charles Schwab 2066 - Aspen Insuran 5.95% Pfd	23,141	23,141
Charles Schwab 2066 - At&T Inc. 4.75% Pfd	13,616	13,616
Charles Schwab 2066 - Athene Holdi 5.625% Pfd	14,497	14,497
Charles Schwab 2066 - Athene Holdi 6.375% Pfd	16,408	16,408
Charles Schwab 2066 - Athene Holdin 6.35% Pfd	9,147	9,147
Charles Schwab 2066 - Atlantic Uni 6.875% Pfd	6,630	6,630
Charles Schwab 2066 - Axis Capital H 5.5% Pfd	4,639	4,639
Charles Schwab 2066 - Bank Of Amer 5.875% Pfd	14,301	14,301
Charles Schwab 2066 - Bank Of America 6% Pfd	9,429	9,429
Charles Schwab 2066 - Bip Bermuda 5.125% Pfd	5,425	5,425
Charles Schwab 2066 - Boa 7.25% Sr L 7.25% Pfd	43,362	43,362
Charles Schwab 2066 - Brookfield Fin 4.5% Pfd	9,282	9,282
Charles Schwab 2066 - Brookfield Fin 4.625%Pfd	9,211	9,211
Charles Schwab 2066 - Capital One Fl 4.8% Pfd	15,264	15,264
Charles Schwab 2066 - Capital One Finl 5% Pfd	27,540	27,540
Charles Schwab 2066 - Charles Schwa 4.45% Pfd	4,906	4,906
Charles Schwab 2066 - Chs Inc. 7.1% Pfd	38,361	38,361
Charles Schwab 2066 - Chs Inc. 7.5% Pfd	18,464	18,464
Charles Schwab 2066 - Chs Inc. 6.75% Pfd	43,947	43,947
Charles Schwab 2066 - Citigroup In 6.875% Pfd	51,846	51,846
Charles Schwab 2066 - Citigroup In 7.125% Pfd	4,886	4,886
Charles Schwab 2066 - Citizens Finl 6.35% Pfd	13,529	13,529
Charles Schwab 2066 - Citizens Finl Gr 5% Pfd	4,854	4,854
Charles Schwab 2066 - Digital Realt 5.85% Pfd	9,226	9,226
Charles Schwab 2066 - Digital Realty 5.2% Pfd	9,135	9,135
Charles Schwab 2066 - Enstar Group Ltd 7% Pfd	12,932	12,932
Charles Schwab 2066 - Equitable Hld 5.25% Pfd	9,200	9,200
Charles Schwab 2066 - F.N.B. Corp 7.25% Pfd	15,911	15,911
Charles Schwab 2066 - Fifth Third 6.625% Pfd	15,454	15,454
Charles Schwab 2066 - Fifth Third Banc 6%Pfd	4,638	4,638
Charles Schwab 2066 - First Horizon 6.5% Pfd	4,646	4,646
Charles Schwab 2066 - First Republic 4.7% Pfd	4,865	4,865
Charles Schwab 2066 - First Republic B 4% Pfd	9,707	9,707
Charles Schwab 2066 - Goldman Sach 6.375% Pfd	19,047	19,047
Charles Schwab 2066 - Goldman Sachs 5.5% Pfd	15,617	15,617
Charles Schwab 2066 - Hudson Pac Pp 4.75% Pfd	10,249	10,249
Charles Schwab 2066 - Huntington Ban 5.7% Pfd	4,779	4,779
Charles Schwab 2066 - Jpmorgan Cha 4.625% Pfd	19,443	19,443
Charles Schwab 2066 - Jpmorgan Chas 4.55% Pfd	4,885	4,885
Charles Schwab 2066 - Jpmorgan Chas 5.75% Pfd	2,217	2,217
Charles Schwab 2066 - Jpmorgan Chase & 6% Pfd	4,955	4,955
Charles Schwab 2066 - Keycorp 6.125% Pfd	12,535	12,535
Charles Schwab 2066 - M&T Bank Cor 5.625% Pfd	29,112	29,112
Charles Schwab 2066 - Morgan Stanl 6.375% Pfd	31,802	31,802
Charles Schwab 2066 - Morgan Stanl 6.875% Pfd	23,570	23,570
Charles Schwab 2066 - Morgan Stanle 5.85% Pfd	9,125	9,125
Charles Schwab 2066 - New York Com 6.375% Pfd	28,231	28,231
Charles Schwab 2066 - Nisource Inc. 6.5% Pfd	9,370	9,370
Charles Schwab 2066 - Ntnl Storage Aff 6% Pfd	5,010	5,010
Charles Schwab 2066 - Pacwest Banco 7.75% Pfd	9,665	9,665
Charles Schwab 2066 - Pinnacle Finl 6.75% Pfd	13,703	13,703
Charles Schwab 2066 - Pnc Finl Svc 6.125% Pfd	30,812	30,812
Charles Schwab 2066 - Public Stora 4.125% Pfd	4,846	4,846
Charles Schwab 2066 - Public Stora 4.625% Pfd	9,830	9,830
Charles Schwab 2066 - Public Storage 4%Pfd	4,745	4,745
Charles Schwab 2066 - Qwest Corp 6.5%Pfd	34,637	34,637
Charles Schwab 2066 - Regions Finl 6.375% Pfd	16,527	16,527
Charles Schwab 2066 - Sce Trusty 5.45% Pfd	13,563	13,563
Charles Schwab 2066 - Sce Trust Vi 5%Pfd	8,963	8,963
Charles Schwab 2066 - Selective Insu 4.6% Pfd	4,058	4,058
Charles Schwab 2066 - Spire Inc. 5.9% Pfd	4,572	4,572
Charles Schwab 2066 - State Street 5.35% Pfd	11,056	11,056
Charles Schwab 2066 - State Street C 5.9% Pfd	14,474	14,474
Charles Schwab 2066 - The Allstate C 5.1% Pfd	4,494	4,494
Charles Schwab 2066 - The Charles S 5.95% Pfd	15,918	15,918
Charles Schwab 2066 - The Hartford Fin 6% Pfd	3,946	3,946
Charles Schwab 2066 - Truist Finl C 4.75% Pfd	14,154	14,154
Charles Schwab 2066 - Valley Ntnl Ba 5.5% Pfd	4,610	4,610
Charles Schwab 2066 - Vornado Real T 5.25% Pfd	4,773	4,773
Charles Schwab 2066 - Wells Fargo 6.625% Pfd	9,823	9,823
Charles Schwab 2066 - Wells Fargo & 4.7% Pfd	9,394	9,394
Charles Schwab 2066 - Wells Fargo & 4.25% Pfd	14,082	14,082
Charles Schwab 2066 - Wells Fargo & 4.75% Pfd	9,083	9,083
Charles Schwab 2066 - Wells Fargo & 5.85% Pfd	36,655	36,655
Charles Schwab 2066 - Wells Fargo & C 7.5% Pfd	37,681	37,681
Charles Schwab 2066 - Wesbanco, Inc 6.75% Pfd	2,934	2,934
Charles Schwab 2066 - Wesco Inter 10.625% Pfd	13,765	13,765
Charles Schwab 2066 - Wintrust Fin 6.875% Pfd	14,568	14,568
Charles Schwab 2066 - Wintrust Finl 6.5% Pfd	18,514	18,514
Charles Schwab 2066 - Zions Bancorp, 6.3% Pfd	16,234	16,234
Wells Fargo 9100 - Abbott Laboratories	195,570	195,570
Wells Fargo 9100 - Abbvie Inc	215,190	215,190
Wells Fargo 9100 - Alphabet Inc Cl A	272,408	272,408
Wells Fargo 9100 - American Express	69,310	69,310
Wells Fargo 9100 - Apple Inc	218,752	218,752
Wells Fargo 9100 - Automatic Data Processing	136,526	136,526
Wells Fargo 9100 - Berkshire Hathaway Inc Cl B	184,288	184,288
Wells Fargo 9100 - Chevron Corp	86,868	86,868
Wells Fargo 9100 - Cummins Inc	147,083	147,083
Wells Fargo 9100 - Deere & Co	200,645	200,645
Wells Fargo 9100 - Eaton Corp PLC	153,708	153,708
Wells Fargo 9100 - Fedex Corp	113,355	113,355
Wells Fargo 9100 - Genuine Parts	136,990	136,990
Wells Fargo 9100 - Hershey Co	229,145	229,145
Wells Fargo 9100 - Home Depot	141,249	141,249
Wells Fargo 9100 - Honeywell International	160,774	160,774
Wells Fargo 9100 - Illinois Tool Works Inc	136,688	136,688
Wells Fargo 9100 - Johnson & Johnson	74,554	74,554
Wells Fargo 9100 - JPMorgan Chase	112,610	112,610
Wells Fargo 9100 - McDonalds Corp	196,270	196,270
Wells Fargo 9100 - Norfolk Southern Corp	159,103	159,103
Wells Fargo 9100 - Paychex	146,892	146,892
Wells Fargo 9100 - Whirlpool Corp	131,639	131,639
Wells Fargo 9100 - Yum Brands	136,212	136,212
Wells Fargo 9100 - 3M Co	142,351	142,351

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Crosscreek Limited Partnership	FMV	93,209	93,209
Charles Schwab 9258 - Ishares Core S&P 500 Etf	FMV	1,292,522	1,292,522
Charles Schwab 9258 - Ishares Msci Emerging Markets Etf Iv	FMV	358,534	358,534
Charles Schwab 9258 - Schwab Fundamental Inl Large Com Etf	FMV	462,586	462,586
Charles Schwab 9258 - Schwab Internatnal Small Cap Eqy Etf	FMV	430,412	430,412
Charles Schwab 9258 - Schwab Us Large Cap Growth Etf	FMV	1,317,069	1,317,069
Charles Schwab 9258 - Schwab Us Large Cap Value Etf	FMV	1,702,818	1,702,818
Charles Schwab 9258 - Vanguard Ftse Developed Mkts Etf Iv	FMV	457,898	457,898
Charles Schwab 9258 - Vanguard Mid Cap Growth Etf	FMV	295,515	295,515
Charles Schwab 9258 - Vanguard Mid Cap Value Etf	FMV	149,725	149,725
Charles Schwab 9258 - Vanguard Small Cap Growth Etf	FMV	60,685	60,685
Charles Schwab 2066 - Affiliated Man 5.875%Pfd	FMV	9,345	9,345
Charles Schwab 2066 - Affiliated Mana 4.75%Pfd	FMV	4,607	4,607
Charles Schwab 2066 - Algonquin Powe 6.875%Pfd	FMV	8,961	8,961
Charles Schwab 2066 - Algonquin Power 6.2%Pfd	FMV	18,090	18,090
Charles Schwab 2066 - American Finl 5.625%Pfd	FMV	4,205	4,205
Charles Schwab 2066 - American Finl 5.875%Pfd	FMV	1,767	1,767
Charles Schwab 2066 - Assurant, Inc. 5.25%Pfd	FMV	18,935	18,935
Charles Schwab 2066 - Bank Of Amer 4.375% Pfd	FMV	19,529	19,529
Charles Schwab 2066 - Bank Of America 5% Pfd	FMV	17,139	17,139
Charles Schwab 2066 - Brookfield B 4.625% Pfd	FMV	9,452	9,452
Charles Schwab 2066 - Brookfield Infrast 5%Pfd	FMV	9,245	9,245
Charles Schwab 2066 - Carlyle Fin L. 4.625%Pfd	FMV	9,350	9,350
Charles Schwab 2066 - Citigroup Cap 7.6811%Pfd	FMV	14,285	14,285
Charles Schwab 2066 - Cms Energy Cor 5.875%Pfd	FMV	27,465	27,465
Charles Schwab 2066 - Cms Energy Cor 5.875%Pfd	FMV	9,142	9,142
Charles Schwab 2066 - Dte Energy Co 5.25%Pfd	FMV	19,564	19,564
Charles Schwab 2066 - Dte Energy Co 4.375%Pfd	FMV	4,024	4,024
Charles Schwab 2066 - Enbridge Inc. 6.375%Pfd	FMV	32,746	32,746
Charles Schwab 2066 - First Republic 4.5% Pfd	FMV	9,583	9,583
Charles Schwab 2066 - Global Net Le 7.25% Pfd	FMV	2,516	2,516
Charles Schwab 2066 - Huntington Ban 4.5% Pfd	FMV	4,188	4,188
Charles Schwab 2066 - Kemper Corp 5.875%Pfd	FMV	5,187	5,187
Charles Schwab 2066 - Kkr Group Fin 4.625%Pfd	FMV	9,381	9,381
Charles Schwab 2066 - Nextera Energy 5.65%Pfd	FMV	9,867	9,867
Charles Schwab 2066 - Nustar Logisti 7.625%Pfd	FMV	9,197	9,197
Charles Schwab 2066 - Prudential Fin 4.125%Pfd	FMV	9,592	9,592
Charles Schwab 2066 - Prudential Fin 5.625%Pfd	FMV	4,939	4,939
Charles Schwab 2066 - Ps Business 4.875% Pfd	FMV	4,521	4,521
Charles Schwab 2066 - Public Storage 4%Pfd	FMV	14,324	14,324
Charles Schwab 2066 - Reinsurance Gro 5.75%Pfd	FMV	29,466	29,466
Charles Schwab 2066 - Reinsurance Grou 6.2%Pfd	FMV	22,329	22,329
Charles Schwab 2066 - Sce Trust Iv 5.375% Pfd	FMV	13,366	13,366
Charles Schwab 2066 - Sempra 5.75%Pfd	FMV	2,881	2,881
Charles Schwab 2066 - Signature Bank 5% Pfd	FMV	22,338	22,338
Charles Schwab 2066 - Stifel Finl Corp 5.2%Pfd	FMV	4,373	4,373
Charles Schwab 2066 - The Allstate Cor 5.1%Pfd	FMV	23,175	23,175
Charles Schwab 2066 - The Southern Co 4.2%Pfd	FMV	19,279	19,279
Charles Schwab 2066 - The Southern Co 4.95%Pfd	FMV	14,707	14,707
Charles Schwab 2066 - Truist Finl C 5.25% Pfd	FMV	9,557	9,557
Charles Schwab 2066 - Us Cellular Cor 6.25%Pfd	FMV	8,753	8,753
Charles Schwab 2066 - Us Cellular Corp 5.5%Pfd	FMV	4,364	4,364
Charles Schwab 2066 - Us Cellular Corp 5.5%Pfd	FMV	3,877	3,877
Charles Schwab 2066 - Valley Ntnl B 6.25% Pfd	FMV	9,573	9,573
Charles Schwab 2066 - W.R. Berkley Co 5.1%Pfd	FMV	9,370	9,370
Charles Schwab 2066 - Washington F 4.875% Pfd	FMV	4,701	4,701
Charles Schwab 2066 - Western Allia 4.25% Pfd	FMV	9,167	9,167

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Description	Amount
Adjustment To Market Value	3,771,139

- TIN:

TY 2021 OtherExpensesSchedule

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Insurance	2,111	0	2,111
Office Expense	3,083	0	3,083
Site Visits	5,280	0	5,280
Passthrough Expenses	396	396	0

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
J. Hildahl	3,738	0		3,738
Investment Management Fees	49,801	49,801		0

- TIN:

TY 2021 TaxesSchedule

Name:

The Bretzlaff Foundation Inc

EIN:

88-0241424

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal Excise Tax	16,366	0		0