Form990-PF
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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 07-01-2021 , and ending 06-30-2022
Name of foundation
TOWBES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)33 E CARRILLO STREET 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA BARBARA, CA93101
A Employer identification number

95-3519577
B Telephone number (see instructions)

(805) 690-4603
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$9,407,294J 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) 86,150
2 Check bullet.............
3 Interest on savings and temporary cash investments 13,422 13,422  
4 Dividends and interest from securities... 212,800 212,800  
5a Gross rents............ 3,685,625 3,685,625  
b Net rental income or (loss) 1,616,157
6a Net gain or (loss) from sale of assets not on line 10 -40,501
b Gross sales price for all assets on line 6a 1,580,947
7 Capital gain net income (from Part IV, line 2)...  
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........ 3,957,496 3,911,847  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 153,033     153,033
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 36,751     36,751
16a Legal fees (attach schedule)......... Click to see attachment 34,336     34,336
b Accounting fees (attach schedule)....... Click to see attachment 61,010     61,010
c Other professional fees (attach schedule).... Click to see attachment 1,050     1,050
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment -4,150     11,285
19 Depreciation (attach schedule) and depletion... Click to see attachment 12,377    
20 Occupancy.............. 65,332     65,332
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 2,182,415 2,120,095   62,008
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,542,154 2,120,095   424,805
25 Contributions, gifts, grants paid....... 1,556,750 1,556,750
26 Total expenses and disbursements. Add lines 24 and 25 4,098,904 2,120,095   1,981,555
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -141,408
b Net investment income (if negative, enter -0-) 1,791,752
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............. 530,292 345,052 345,052
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
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).......... 10,581,737 Click to see attachment9,928,584 9,010,779
14 Land, buildings, and equipment: basis bullet87,362
Less: accumulated depreciation (attach schedule) bullet35,899 63,840 Click to see attachment51,463 51,463
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,175,869 10,325,099 9,407,294
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 attachment965,126 Click to see attachment255,764
23 Total liabilities (add lines 17 through 22)......... 965,126 255,764
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 10,210,743 10,069,335
29 Total net assets or fund balances (see instructions)..... 10,210,743 10,069,335
30 Total liabilities and net assets/fund balances (see instructions). 11,175,869 10,325,099
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
10,210,743
2
Enter amount from Part I, line 27a .....................
2
-141,408
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
10,069,335
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,069,335
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 ISHARES TRUST ESG AWA RE P 2021-06-30 2021-07-19
b JP MORGAN CAPITAL GAIN DISTRIBUTIONS P 2000-01-01 2021-12-13
c ISHARES TRUST ISHARES ESG AWA RE P 2021-06-30 2021-09-20
d ISHARES ESG AWARE US AGGREGATE P 2000-01-01 2021-11-09
e INVESCO QQQ TRUST SERIES 1 P 2021-06-30 2022-02-17
INVESCO QQQ TRUST SERIES 1 P 2021-06-30 2022-02-17
ISHARES ESG AWARE US AGGREGATE P 2000-01-01 2022-03-04
INVESCO QQQ TRUST SERIES 1 P 2021-06-30 2022-03-11
ISHARES TRUST ISHARES ESG AWARE P 2021-06-30 2022-03-29
ISHARES TRUST ISHARES ESG AWA RE P 2000-01-01 2022-04-28
ISHARES MSCI JAPAN ETF P 2000-01-01 2022-04-28
CALVERT EMERG MRKTS EQTY-R6 P 2000-01-01 2022-06-24
DOUBLELINE TTL RTRN BND-R6 P 2000-01-01 2022-06-24
PIMCO TOTAL RETURN ESG-INST P 2000-01-01 2022-06-24
PARNASSUS MID CAP FUND-INST P 2000-01-01 2022-06-24
PARNASSUS CORE EQUITY-INST P 2000-01-01 2022-06-24
TIAA-CREF CORE IMPCT BD-INST P 2000-01-01 2022-06-24
ISHARES ESG AWARE US AGGREGATE P 2000-01-01 2022-06-27
SCHWAB U.S. TIPS ETF P 2000-01-01 2022-06-27
INVESCO QQQ TRUST SERIES 1 P 2000-01-01 2022-06-27
ISHARES TRUST ISHARES ESG AWARE P 2000-01-01 2022-06-27
VANGUARD SHORT-TERM TIPS P 2021-06-30 2022-06-27
ISHARES INC ISHARES ESG AWA RE P 2000-01-01 2022-06-27
ISHARES TRUST ISHARES ESG AWA RE P 2000-01-01 2022-06-27
(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 115,689   108,533 7,156
b 80,248     80,248
c 177,884   161,493 16,391
d 60,288   61,793 -1,505
e 13,836   13,646 190
71,949   71,030 919
55,214   59,464 -4,250
82,406   83,657 -1,251
83,734   90,221 -6,487
103,045   103,404 -359
51,953   64,722 -12,769
24,512   38,065 -13,553
23,398   26,889 -3,491
25,319   31,086 -5,767
8,953   10,816 -1,863
44,725   51,959 -7,234
104,570   124,319 -19,749
47,885   55,829 -7,944
32,420   35,555 -3,135
23,641   27,179 -3,538
124,327   157,461 -33,134
37,904   38,998 -1,094
6,235   8,908 -2,673
180,812   196,421 -15,609
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       7,156
b       80,248
c       16,391
d       -1,505
e       190
      919
      -4,250
      -1,251
      -6,487
      -359
      -12,769
      -13,553
      -3,491
      -5,767
      -1,863
      -7,234
      -19,749
      -7,944
      -3,135
      -3,538
      -33,134
      -1,094
      -2,673
      -15,609
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 -40,501
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  
3 Add lines 1 and 2........................... 3 24,905
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 24,905
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 12,461
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,461
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 331
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 12,775
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 taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletTOWBESFOUNDATION.ORG
    14
    The books are in care ofbulletTOWBES FOUNDATION Telephone no.bullet (805) 690-4603

    Located atbulletPO BOX 20130SANTA BARBARACA ZIP+4bullet93120
    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)
     
    No
    (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)
     
    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
    SHERIDAH GERARD Secretary
    1.00     		2,250    
    PO BOX 20130
    SANTA BARBARA,CA93120
    LYNN C TOWBES President
    10.00     		2,250    
    PO BOX 20130
    SANTA BARBARA,CA93120
    ROBERT L SKINNER Vice President
    2.00     		2,250    
    PO BOX 20130
    SANTA BARBARA,CA93120
    PATRICIA MACFARLANE Treasurer
    10.00     		0    
    PO BOX 20130
    SANTA BARBARA,CA93120
    KRISTEN SULLIVAN PHD Executive Dir.
    40.00     		144,033 36,751  
    PO BOX 20130
    SANTA BARBARA,CA93120
    VIRGINIA SALAZAR Director
    1.00     		0    
    PO BOX 20130
    SANTA BARBARA,CA93120
    ALLISON LEWIS-TOWBES Director
    1.00     		2,250    
    PO BOX 20130
    SANTA BARBARA,CA93120
    RON WERFT Director
    1.00     		0    
    PO BOX 20130
    SANTA BARBARA,CA93120
    PATRICIA MADRIGAL Director
    1.00     		0    
    PO BOX 20130
    SANTA BARBARA,CA93120
    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  
    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
    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)
    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
    11,149,727
    b
    Average of monthly cash balances.......................
    1b
    748,757
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,898,484
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    11,898,484
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    178,477
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    11,720,007
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    586,000
    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
    586,000
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    24,905
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,905
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    561,095
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    561,095
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    561,095
    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 7 561,095
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 942,990
    b From 2017...... 2,160,734
    c From 2018...... 2,272,062
    d From 2019...... 2,094,164
    e From 2020...... 1,093,474
    f Total of lines 3a through e ........ 8,563,424
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,981,555
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 561,095
    e Remaining amount distributed out of corpus 1,420,460
    5 Excess distributions carryover applied to 2021.    
    (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 9,983,884
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		942,990
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		9,040,894
    10 Analysis of line 9:
    a Excess from 2017.... 2,160,734
    b Excess from 2018.... 2,272,062
    c Excess from 2019.... 2,094,164
    d Excess from 2020.... 1,093,474
    e Excess from 2021.... 1,420,460
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    TOWBES FOUNDATION
    33 E CARRILLO STREET SUITE 201
    SANTA BARBARA,CA93101
    (805) 690-4603
    bThe form in which applications should be submitted and information and materials they should include:
    SEE STATEMENT ATTACHED - SCHEDULE #1 GRANTING POLICIES
    cAny submission deadlines:
    SEE STATEMENT ATTACHED - SCHEDULE #1 GRANTING POLICIES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE STATEMENT ATTACHED - SCHEDULE #1 GRANTING POLICIES
    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
    ADVENTURES IN CARING
    1528 CHAPALA STREET 202
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 5,000
    AHA ATTITUDE HARMONY ACHIEVEMENT
    1209 DE LA VINA STREET SUITE A
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 10,000
    ANGELS FOSTER CARE OF SANTA BARBARA
    3905 STATE STREET 7-115
    SANTA BARBARA,CA93105     		  PC KINSHIP ANGELS PROGRAM 7,500
    ANTI-DEFAMATION LEAGUE
    1528 CHAPALA STREET SUITE 301
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 6,000
    ATTERDAG AT HOME INC
    636 ATTERDAG ROAD
    SOLVANG,CA93463     		  PC MEALS ON WHEELS PROGRAM 5,000
    BOYS GIRLS CLUB OF MID CENTRAL COAS
    901 N RAILROAD AVENUE
    SANTA MARIA,CA93458     		  PC POWER HOUR PROGRAM SUPPORT 15,000
    CASA PACIFICA CENTERS FOR CHILDREN
    1722 S LEWIS ROAD
    CAMARILLO,CA93012     		  PC SAFE ALTERNATIVES FOR TREATING YOUTH (SAFTY) 5,000
    CASA SERENA INC
    1515 BATH STREET
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 10,000
    CHANNEL ISLANDS YMCA
    105 EAST CARRILLO STREET
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 15,000
    CHILD ABUSE LISTENING MEDIATION
    1236 CHAPALA STREET
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 15,000
    CHILD ABUSE LISTENING MEDIATION
    1236 CHAPALA STREET
    SANTA BARBARA,CA93101     		  PC MENTAL HEALTH CONSULTATION MODEL IN SBUSD 15,000
    CHILDREN AND FAMILY RESOURCE SERVIC
    3970 LA COLINA ROAD SUITE 2
    SANTA BARBARA,CA93110     		  PC WELCOME EVERY BABY FAMILY CONNECTS 5,000
    COMMUNITY PARTNERS FOR YOUTHWELL
    PO BOX 741265
    LOS ANGELES,CA90074     		  PC GENERAL OPERATING SUPPORT 7,500
    COUNCIL ON DRUG AND ALCOHOL ABUSE
    PO BOX 28
    SANTA BARBARA,CA93102     		  PC CADA MENTOR PROGRAM 10,000
    COURT APPOINTED SPECIAL ADVOCATES C
    2125 S BROADWAY SUITE 106
    SANTA MARIA,CA93454     		  PC UNRESTRICTED 5,000
    CUYAMA VALLEY FAMILY RESOURCE CENTE
    PO BOX 5 4689 HIGHWAY 166
    NEW CUYAMA,CA93254     		  PC UNRESTRICTED 10,875
    DOMESTIC VIOLENCE SOLUTIONS FOR SB
    411 E CANON PERDIDO ST SUITE 12
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 12,500
    EASY LIFT TRANSPORTATION
    53 CASS PLACE SUITE D
    GOLETA,CA93117     		  PC UNRESTRICTED 5,000
    FAMILY SERVICE AGENCY OF SANTA BARB
    123 W GUTIERREZ STREET
    SANTA BARBARA,CA93101     		  PC CHILD AND FAMILY COUNSELING 20,000
    FOOD FROM THE HEART
    PO BOX 3908
    SANTA BARBARA,CA93130     		  PC GENERAL OPERATING SUPPORT 10,000
    FOODBANK OF SANTA BARBARA
    1525 STATE STREET SUITE 100
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 10,000
    SANTA BARBARA CITY COLLEGE FOUNDATI
    721 CLIFF DRIVE
    SANTA BARBARA,CA93109     		  PC RUNNING START PROGRAM 10,000
    FREEDOM 4 YOUTH
    187 SOUTH PATTERSON AVENUE SUITE A
    SANTA BARBARA,CA93111     		  PC GENERAL OPERATING SUPPORT 7,500
    FUND FOR SANTA BARBARA
    PO BOX 90710
    SANTA BARBARA,CA93190     		  PC REGIONAL EQUITY STUDY AND YOUTH MAKING CHANGE 10,000
    FUTURE LEADERS OF AMERICA
    126 EAST HALEY ST UNIT A17
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 7,500
    GATEWAY EDUCATIONAL SERVICES
    185 SOUTH PATTERSON AVENUE SUITE E
    SANTA BARBARA,CA93111     		  PC ACADEMIC SUPPORT FOR LATINX STUDENTS IN SANTA BARBARA 5,000
    GIRLS INC OF CARPINTERIA
    5315 FOOTHILL ROAD
    CARPINTERIA,CA93013     		  PC GENERAL OPERATING SUPPORT 10,000
    GIRLS INC OF GREATER SANTA BARBARA
    PO BOX 236
    SANTA BARBARA,CA93102     		  PC GENERAL OPERATING SUPPORT 10,000
    GOLETA EDUCATION FOUNDATION
    PO BOX 1177
    GOLETA,CA93116     		  PC DUAL LANGUAGE IMMERSION BILINGUAL LIBRARY INITIATIVE 2,500
    GUADALUPE-NIPOMO DUNES CENTER
    1065 GUADALUPE STREET
    GUADALUPE,CA93434     		  PC EXPLORE THE COAST 7,500
    HILLSIDE HOUSE
    1235 VERONICA SPRINGS ROAD
    SANTA BARBARA,CA93105     		  PC UNRESTRICTED 7,500
    HOSPICE OF SANTA BARBARA INC
    2050 ALAMEDA PADRE SERRA SUITE 100
    SANTA BARBARA,CA93103     		  PC BEREAVEMENT COUNSELING FOR YOUTH PROGRAMMING 10,000
    ISLA VISTA SCHOOL PTA
    6875 EL COLEGIO ROAD
    GOLETA,CA93117     		  PC SCIENCE CAMP PROGRAM SCHOLARSHIP FUND 8,500
    ISLA VISTA YOUTH PROJECTS INC
    PO BOX 1332
    GOLETA,CA93116     		  PC GENERAL OPERATING SUPPORT 12,500
    JUST COMMUNITIES CENTRAL COAST
    1528 CHAPALA STREET SUITE 308
    SANTA BARBARA,CA93101     		  PC YOUTH FOR JUSTICE PROGRAM 5,000
    LEADING FROM WITHIN
    PO BOX 806
    SANTA BARBARA,CA93102     		  PC UNRESTRICTED 5,000
    MENTAL WELLNESS CENTER
    617 GARDEN STREET
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 10,000
    MOXI
    125 STATE STREET
    SANTA BARBARA,CA93101     		  PC MOXI ON THE MOVE PROGRAM 7,500
    NATURETRACK FOUNDATION INC
    PO BOX 953
    LOS OLIVOS,CA93441     		  PC FOSTERING A LIFELONG FASCINATION WITH NATURE PROGRAM 4,000
    NEW BEGINNINGS COUNSELING CENTER
    324 E CARRILLO STREET C
    SANTA BARBARA,CA93101     		  PC DONALD J. WILLFONG COMMUNITY COUNSELING CLINIC 17,500
    NEW HOUSE SANTA BARBARA
    2434 BATH STREET
    SANTA BARBARA,CA93105     		  PC GENERAL OPERATING SUPPORT 10,000
    PACIFIC PRIDE FOUNDATION
    608 ANACAPA STREET SUITE A
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 14,750
    PATHPOINT
    315 W HALEY STREET SUITE 102
    SANTA BARBARA,CA93101     		  PC BEHAVIORAL HEALTH PERMANENT SUPPORTIVE HOUSING SERVICES 7,500
    PEOPLE'S SELF-HELP HOUSING CORP
    1060 KENDALL RD
    SAN LUIS OBISPO,CA93401     		  PC CAMINO SCHOLARS EDUCATION PROGRAM - BEHAVIORAL HEALTH EQUITY 7,500
    PLANNED PARENTHOOD CA CENTRAL COAST
    518 GARDEN STREET
    SANTA BARBARA,CA93101     		  PC BEHAVIOR HEALTH PROGRAMMING 12,500
    SAN MARCOS HIGH SCHOOL ROYAL PRIDE
    4750 HOLLISTER AVENUE
    SANTA BARBARA,CA93110     		  PC GENERAL OPERATING SUPPORT 3,500
    SANSUM DIABETES RESEARCH INSTITUTE
    2219 BATH STREET
    SANTA BARBARA,CA93105     		  PC UNRESTRICTED 2,500
    SANTA BARBARA ARTS COLLABORATIVE
    PO BOX 1414
    SANTA BARBARA,CA93102     		  PC UNRESTRICTED 5,000
    SANTA BARBARA COTTAGE HOSPTIAL FND
    PO BOX 689
    SANTA BARBARA,CA93102     		  PC PEDIATRIC RESILIENCY COLLABORATIVE (PERC) 15,000
    SANTA BARBARA COTTAGE HOSPTIAL FND
    PO BOX 689
    SANTA BARBARA,CA93102     		  PC CHILDREN'S MIRACLE NETWORK 2,500
    SANTA BARBARA COUNTY EDUCATION OFFI
    PO BOX 6307
    SANTA BARBARA,CA93160     		  PC TEACHERS NETWORK 5,000
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET SUITE 201
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 7,500
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET SUITE 201
    SANTA BARBARA,CA93101     		  PC PEER BUDDIES SCHOLARSHIPS 10,000
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET SUITE 201
    SANTA BARBARA,CA93101     		  PC KIND MIND PROGRAM 5,000
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET SUITE 201
    SANTA BARBARA,CA93101     		  PC MISSION SCHOLARS COLLEGE ACCESS PROGRAM 7,500
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET SUITE 201
    SANTA BARBARA,CA93101     		  PC WHAT IS LOVE PROGRAM SUPPORT 7,500
    SANTA BARBARA FAMILY CARE CENTER IN
    124 W CARMEN LANE SUITE C
    SANTA MARIA,CA93458     		  PC STEPS TO LICENSING & QUALITY PROGRAMMING 5,000
    SANTA BARBARA FOUNDATION
    1111 CHAPALA STREET SUITE 200
    SANTA BARBARA,CA93101     		  PC UNRESTRICTED 1,000
    SANTA BARBARA FOUNDATION
    1111 CHAPALA STREET SUITE 200
    SANTA BARBARA,CA93101     		  PC STATE OF THE NONPROFITS IN SANTA BARBARA COUNTY EVALUATION 10,000
    SANTA BARBARA FOUNDATION
    1111 CHAPALA STREET SUITE 200
    SANTA BARBARA,CA93101     		  PC TO ESTABLISH THE TOWBES FUND, A DONOR ADVISED FUND. 775,000
    SANTA BARBARA MARITIME MUSEUM
    113 HARBOR WAY SUITE 190
    SANTA BARBARA,CA93109     		  PC COASTAL, CLIMATE AND MARITIME CONNECTIONS YOUTH EDUCATION PROGRAM 5,000
    SANTA BARBARA MUSEUM OF NATURAL HIS
    2559 PUESTA DEL SOL ROAD
    SANTA BARBARA,CA93105     		  PC SCHOOL AND TEACHER SERVICES - STANDARDS-BASED EDUCATIONAL PROGRAMMING 5,000
    SANTA BARBARA NEIGHBORHOOD CLINICS
    414 E COTA STREET 1ST FLOOR
    SANTA BARBARA,CA93101     		  PC ADVANCING BEHAVIORAL HEALTH EQUITY IN PRIMARY CARE PROGRAMMING 10,000
    SANTA BARBARA PARTNERS IN EDUCATION
    3970 LA COLINA ROAD SUITE 9
    SANTA BARBARA,CA93110     		  PC GENERAL OPERATING SUPPORT 4,000
    SANTA BARBARA POLICE ACTIVITIES LEA
    PO BOX 91121
    SANTA BARBARA,CA93190     		  PC LIFE AFTER HIGH SCHOOL ACADEMY 7,500
    SANTA BARBARA RESPONSE NETWORK
    3905 STATE STREET SUITE 7-271
    SANTA BARBARA,CA93105     		  PC FOSTERING MENTAL HEALTH HEALING & RESILIENCE IN AGENCIES SERVING MARGINALIZED COMMUNITY PROGRAMMING 5,625
    SANTA BARBARA RITECARE CHILDHOOD LA
    16 E CARRILLO ST 4TH FLOOR
    SANTA BARBARA,CA93101     		  PC SPEECH, LANGUAGE AND LITERACY THERAPY SERVICES 7,500
    SANTA BARBARA SCHOOL OF SQUASH
    1530 CHAPALA STREET SUITE F
    SANTA BARBARA,CA93101     		  PC GENERAL OPERATING SUPPORT 9,750
    SANTA BARBARA ZOOLOGICAL FOUNDATION
    500 NINOS DRIVE
    SANTA BARBARA,CA93103     		  PC UNRESTRICTED 5,000
    SANTA MARIA VALLEY DISCOVERY MUSEUM
    705 S MCCLELLAND
    SANTA MARIA,CA93454     		  PC GENERAL OPERATING SUPPORT 7,500
    SCHOLARSHIP FOUNDATION OF SANTA BAR
    PO BOX 3620
    SANTA BARBARA,CA93130     		  PC UNRESTRICTED 40,000
    SOCIAL GOOD FUND INC
    PO BOX 412
    LOS OLIVOS,CA93441     		  PC GENERAL OPERATING SUPPORT 5,000
    ST VINCENT'S SANTA BARBARA
    4200 CALLE REAL
    SANTA BARBARA,CA93110     		  PC FAMILY STRENGTHENING PROGRAM 12,500
    STANDING TOGETHER TO END SEXUAL ASS
    433 E CANON PERDIDO STREET
    SANTA BARBARA,CA93101     		  PC COMMUNITY EDUCATION & RAPE PREVENTION FOR ADOLESCENTS AND YOUNG ADULTS PROGRAMMING 7,500
    STORYTELLER CHILDREN'S CENTER
    2115 STATE STREET
    SANTA BARBARA,CA93105     		  PC GENERAL OPERATING SUPPORT 17,250
    TEACHER'S FUND
    1250 COAST VILLAGE ROAD
    SANTA BARBARA,CA93108     		  PC COVID EMERGENCY RESPONSE & RECOVERY GRANTS FOR LOCAL TEACHERS 4,000
    THE ARTS FUND
    PO BOX 333
    SANTA BARBARA,CA93102     		  PC TEEN ARTS MENTORSHIP PROGRAM 5,000
    THE REGENTS OF UNIVERSITY OF CALIFO
    UNIVERSITY OF CALIFORNIA
    SANTA BARBARA,CA93106     		  PC EAOP SCHOLARSHIP SUPPORT FOR UCSB'S SUMMER PRE-COLLEGE RESEARCH PROGRAMS 11,500
    THE TURNER FOUNDATION
    PO BOX 186
    SANTA BARBARA,CA93102     		  PC AFTER-SCHOOL EDUCATION AND ENRICHMENT PROGRAMS (ASEEP) 5,000
    TRANSITIONS - MENTAL HEALTH ASSOCIA
    PO BOX 15408
    SAN LUIS OBISPO,CA93406     		  PC GENERAL OPERATING SUPPORT 7,500
    UC SANTA BARBARA FOUNDATION
    UNIVERSITY OF CALIFORNIA
    SANTA BARBARA,CA93106     		  PC CHANCELLOR'S COUNCIL 1,000
    UC SANTA BARBARA FOUNDATION
    UNIVERSITY OF CALIFORNIA
    SANTA BARBARA,CA93106     		  PC GENERAL OPERATING SUPPORT OF HEALING SPACE 10,000
    UCSB ARTS LECTURES
    UNIVERSITY OF CALIFORNIA
    SANTA BARBARA,CA93106     		  PC UNRESTRICTED 5,000
    UNITED BOYS GIRLS CLUBS OF SB COUNT
    PO BOX 1485
    SANTA BARBARA,CA93102     		  PC GENERAL OPERATING SUPPORT 15,000
    UNITED WAY OF SANTA BARBARA COUNTY
    320 E GUTIERREZ STREET
    SANTA BARBARA,CA93101     		  PC SUPPORT THE FUN IN THE SUN PROGRAM 20,000
    UNITED WAY OF SANTA BARBARA COUNTY
    320 E GUTIERREZ STREET
    SANTA BARBARA,CA93101     		  PC CRITICAL NEEDS FUND FOR DISASTER ASSISTANCE 20,000
    VISITING NURSE HOSPICE CARE
    509 EAST MONTECITO ST SUITE 200
    SANTA BARBARA,CA93103     		  PC VNA HEALTH BEREAVEMENT CARE PROGRAM 10,000
    WILDERNESS YOUTH PROJECT
    5386 HOLLISTER AVENUE SUITE D
    SANTA BARBARA,CA93111     		  PC GENERAL OPERATING SUPPORT 7,500
    WILDING ART MUSEUM
    1511 MISSION DRIVE STE B
    SOLVANG,CA93463     		  PC UNRESTRICTED 2,500
    WOMEN'S ECONOMIC VENTURES
    21 E CANON PERDIDO ST SUITE 301
    SANTA BARBARA,CA93101     		  PC UNRESTRICTED 7,500
    Total .................................bullet 3a 1,556,750
    bApproved for future payment
    Total .................................bullet 3b  
    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 13,422  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,616,157  
    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 -40,501  
    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) ..   1,801,878  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,801,878
    (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: 21013475
    Software Version: 2021v4.1


    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
    TOWBES FOUNDATION
     
    Employer identification number

    95-3519577
    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
    TOWBES FOUNDATION
          		Employer identification number
    95-3519577
    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
    TOWBES 2002 TRUST
    PO BOX 20130
     
    SANTA BARBARA, CA93120

    		$ 86,150


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    (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
    TOWBES FOUNDATION
          		Employer identification number

    95-3519577
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    TOWBES FOUNDATION
          		Employer identification number

    95-3519577
    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: 21013475
    Software Version: 2021v4.1

    TY 2021 AccountingFeesSchedule
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 53,190 0 0 53,190
    BOOKKEEPING 7,820 0 0 7,820

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

    TY 2021 DepreciationSchedule
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LEASEHOLD IMPROVEMENTS - JOB 40-025 2019-12-26 31,979 1,795 SL 27.5000 1,163      
    FURNITURE 2020-01-08 30,855 11,178 200DB 7.0000 5,622      
    AUDIO VIDEO SYSTEM - JENSEN AUDIO 2020-06-01 24,528 10,549 200DB 5.0000 5,592      

    TY 2021 InvestmentsOtherSchedule2
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JP MORGAN AT COST 9,928,584 9,010,779

    TY 2021 LandEtcSchedule2
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Miscellaneous 87,362 35,899 51,463 51,463


    TY 2021 LegalFeesSchedule
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 34,336 0 0 34,336


    TY 2021 OtherExpensesSchedule
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 312      
    COMPUTER 11,272     11,272
    COPYING 2,756     2,756
    HVAC 1,175     1,175
    INSURANCE - LIABILITY 6,566     6,566
    INVESTMENT EXPENSES 50,627 50,627    
    JANITORIAL 4,531     4,531
    MEMBERSHIP DUES 8,875     8,875
    OFFICE EXPENSES 2,346     2,346
    PAYROLL SERVICE 2,852     2,852
    Rental Expenses 2,069,468 2,069,468    
    SEMINARS/CONFERENCES/EDUCATION 2,549     2,549
    SOFTWARE 10,353     10,353
    TELEPHONE 6,474     6,474
    WEBSITE 1,500     1,500
    WORKERS COMP INSURANCE 759     759


    TY 2021 OtherLiabilitiesSchedule
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFICIT IN INVESTMENT 965,126 255,764


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 1,050 0 0 1,050


    TY 2021 TaxesSchedule
    Name:
    TOWBES FOUNDATION
    EIN:
    95-3519577
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX, NET OF REFUNDS 15,435      
    PAYROLL TAXES 11,285     11,285