Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
Westly Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

94-3368338
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$6,885,572J 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) 40,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,762 1,762  
4 Dividends and interest from securities... 95,493 95,493  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -57,318
b Gross sales price for all assets on line 6a 1,075,144
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
19,868 40,950  
12 Total. Add lines 1 through 11........ 99,805 138,205  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 128,618     128,618
15 Pension plans, employee benefits....... 10,578     10,578
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
35,053 10,587   24,466
17 Interest............... 1,438 1,438    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,394 294    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 75     75
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
79,812 41,402   38,038
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 263,968 53,721   201,775
25 Contributions, gifts, grants paid....... 927,500 927,500
26 Total expenses and disbursements. Add lines 24 and 25 1,191,468 53,721   1,129,275
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,091,663
b Net investment income (if negative, enter -0-) 84,484
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 154,160 142,779 142,779
3 Accounts receivable right arrow7,505
Less: allowance for doubtful accounts right arrow   50,613 7,505 7,505
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 296,630    
b Investments—corporate stock (attach schedule)....... 3,065,322 Click to see attachment
List of Attached Documents:
// Content
2,777,547 		3,923,948
c Investments—corporate bonds (attach schedule)....... 824,682 Click to see attachment
List of Attached Documents:
// Content
580,960 		576,769
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,946,216 Click to see attachment
List of Attached Documents:
// Content
1,737,169 		2,234,571
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,337,623 5,245,960 6,885,572
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 6,337,623 5,245,960
29 Total net assets or fund balances (see instructions)..... 6,337,623 5,245,960
30 Total liabilities and net assets/fund balances (see instructions). 6,337,623 5,245,960
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
6,337,623
2
Enter amount from Part I, line 27a .....................
2
-1,091,663
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,245,960
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,245,960
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c CIM ENTERPRISE LOAN FUND, LP P 2016-05-31 2023-04-28
d
e
(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 1,054,824   1,088,365 -33,541
b       -20,946
c 20,320   23,138 -2,818
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       -33,541
b        
c       -2,818
d
e
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 -57,305
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  
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 right arrow 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) 1 1,174
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 1,174
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 1,174
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,423
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 8,423
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,249
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,200 Refundedright arrow 11 6,049
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCA
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 2023 or the taxable year beginning in 2023? 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
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow55 WALLS DRIVE FL 3FairfieldCT ZIP+4right arrow06824
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Steven P Westly Chairman, Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Anita W Yu Sec, Dir, Treas
20.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
JESSICA GARCIA-KOHL Executive Director
35.0 		128,618 690  
2700 YGNACIO VALLEY ROAD
WALNUT CREEK,CA94598
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
4,542,618
b
Average of monthly cash balances.......................
1b
140,746
c
Fair market value of all other assets (see instructions)................
1c
2,248,646
d
Total (add lines 1a, b, and c).........................
1d
6,932,010
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
6,932,010
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
103,980
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,828,030
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
341,402
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
341,402
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,174
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,174
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
340,228
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
340,228
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
340,228
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
1,129,275
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,129,275
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 340,228
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 678,414
b From 2019...... 604,981
c From 2020...... 799,793
d From 2021...... 578,291
e From 2022...... 856,669
f Total of lines 3a through e ........ 3,518,148
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,129,275
a Applied to 2022, 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)........ 		 
d Applied to 2023 distributable amount..... 340,228
e Remaining amount distributed out of corpus 789,047
5 Excess distributions carryover applied to 2023.    
(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 4,307,195
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		40,000
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		638,414
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,628,781
10 Analysis of line 9:
a Excess from 2019.... 604,981
b Excess from 2020.... 799,793
c Excess from 2021.... 578,291
d Excess from 2022.... 856,669
e Excess from 2023.... 789,047
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
Anita W Yu
Steven P Westly
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
FOUNDATION SOURCE
55 WALLS DRIVE 3RD FL
FAIRFIELD,CT06824
(800) 839-1754
bThe form in which applications should be submitted and information and materials they should include:
WESTLY.ORG
cAny submission deadlines:
WESTLY.ORG
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WESTLY.ORG
Form 990-PF (2023)
Form 990-PF (2023)
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

ABLE WORKS

1836 BAY RD STE B
EAST PALO ALTO,CA94303 		N/A PC Central Valley Achievable Programming 25,000

ACT FOR WOMEN AND GIRLS

1900 N DINUBA BLVD STE A
VISALIA,CA93291 		N/A PC Staff Trainings, Youth Workshops, Distribution of EZE and care Packages 25,000

ADOLESCENT COUNSELING SERVICES

1779 WOODSIDE RD STE 200
REDWOOD CITY,CA94061 		N/A PC Outlet Program 25,000

ASIAN HEALTH SERVICES

101 8TH ST STE 100
OAKLAND,CA94607 		N/A PC Community Healing Unit 25,000

BIG BROTHERS BIG SISTERS OF CENTRAL CALIFORNIA

4047 N FRESNO ST
FRESNO,CA93726 		N/A PC Support for the Lemoore High School Little-Bigs Program 12,500

BIG BROTHERS BIG SISTERS OF CENTRAL CALIFORNIA

4047 N FRESNO ST
FRESNO,CA93726 		N/A PC Support for the Little-Bigs Program at Wilson High School 12,500

BREAKING THE CHAINS 23

3014 W MCKINLEY AVE
FRESNO,CA93722 		N/A PC Furnishings for new Safe Home for Youth, emergency services, & support services for trafficked minors 25,000

BUDDHIST TZU CHI MEDICAL FOUNDATION

1008 S GARFIELD AVE
ALHAMBRA,CA91801 		N/A PC See2Succeed Expansion to New Sites 25,000

CAREERVILLAGE INC

1475 COLUMBIA CT
PALO ALTO,CA94304 		N/A PC Expand registered users, test AI Coach in Central Valley, & reach 50K new CA learners 25,000

CENTRAL CALIFORNIA FOOD BANK

4010 E AMENDOLA DR
FRESNO,CA93725 		N/A PC School-based pantry program 25,000

COMMUNITY FOUNDATION SANTA CRUZ COUNTY

7807 SOQUEL DR
APTOS,CA95003 		N/A PC Disaster Response: FARMWORKER FLOOD SUPPORT 5,000

COMMUNITY INITIATIVES

1000 BROADWAY STE 480
OAKLAND,CA94607 		N/A PC Mentor California Central Valley Work 25,000

COMMUNITY INITIATIVES

1000 BROADWAY STE 480
OAKLAND,CA94607 		N/A PC General Operating Support for Pre-Health Dreamers 25,000

DIGITAL NEST INC

1961 MAIN ST
WATSONVILLE,CA95076 		N/A PC To Purchase technology and support marketing costs to enroll 200 students at Digital Nest Stockton 25,000

EAST PALO ALTO TENNIS AND TUTORING

PO BOX 60597
PALO ALTO,CA94306 		N/A PC General Support Excluding Capital Campaign 25,000

EXCEPTIONAL PARENTS UNLIMITED INC

4440 N 1ST ST
FRESNO,CA93726 		N/A PC Additional Support/Service Hours for Families Participating in EPIC 25,000

IMPROVE YOUR TOMORROW

1901 ROYAL OAKS BLVD
SACRAMENTO,CA95815 		N/A PC Stipends Fund for college mentors providing college advising, mentorship, and tutoring to 300 students in San Joaquin County 25,000

KQED INC

2601 MARIPOSA ST
SAN FRANCISCO,CA94110 		N/A PC General & Unrestricted 75,000

LUCILE PACKARD FOUNDATION FOR CHILDRENS HEALTH

400 HAMILTON AVE SUITE 340
PALO ALTO,CA94301 		N/A PC Mobile Clinic Program via 2023 Summer Scamper 40,000

MINDFUL LIFE PROJECT

1001 CANAL BLVD STE A
RICHMOND,CA94804 		N/A PC Expansion of Salinas, Monterey Peninsula, & Central Valley Service Delivery 25,000

PHILANTHROPIC VENTURES FOUNDATION

1222 PRESERVATION PARK WAY
OAKLAND,CA94612 		N/A PC Teacher Art Grants 25,000

SAN FRANCISCO FORTY NINERS FOUNDATION

4949 MARIE P DEBARTOLO WAY
SANTA CLARA,CA95054 		N/A PC Expansion of Central Valley Flag Football 25,000

SANDY HOOK PROMISE FOUNDATION

PO BOX 3489
NEWTOWN,CT06470 		N/A PC Expansion of "See Something, Say Something" in Central CA 25,000

SECOND HARVEST OF SILICON VALLEY

4001 N 1ST ST
SAN JOSE,CA95134 		N/A PC General Support Sans Advocacy-Related Activity 50,000

SHINE TOGETHER INC

508 VALLEY WAY
MILPITAS,CA95035 		N/A PC Central Valley Parent Advocate Salaries Fund and Program Education & Marketing Materials 25,000

SOBRATO EARLY ACADEMIC LANGUAGE PROGRAM

521 VALLEY WAY
MILPITAS,CA95035 		N/A PC Launch additional Central Valley cohorts, including SEAL's Getting Started Institute 25,000

SOCCER WITHOUT BORDERS

3700 EASTERN AVE
BALTIMORE,MD21224 		N/A PC Girls' League Programming 25,000

SOCIAL GOOD FUND INC

PO BOX 5473
RICHMOND,CA94805 		N/A PC Central Valley Leadership Academy 12,500

UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION

501 CANAL BLVD STE E LOCKBOX 45339
RICHMOND,CA94804 		N/A PC Doctors Academy: Teacher & Student Stipends 25,000

UNIVERSITY OF CALIFORNIA SAN FRANCISCO FOUNDATION

501 CANAL BLVD STE E LOCKBOX 45339
RICHMOND,CA94804 		N/A PC Westly Foundation Endowed Scholarship Fund 25,000

Develop for Good

15 Sutherland Way
Nashua,NH03062 		none NC GRAND PRIZE WINNER 5,000

Christal Wang

4025 Grand View Blvd
Los Angeles,CA90066 		none I GRAND PRIZE WINNER 2,500

Vikram Sreedhar

119 Sonja Road
South San Francisco,CA94080 		none I GRAND PRIZE WINNER 2,500

Navy McKee

1442 Tally Ho Lane
Norco,CA92860 		none I GRAND PRIZE WINNER 5,000

Rhymes with Reason

1140 Wall Street
Suite 3376
San Diego,CA92037 		none NC GRAND PRIZE WINNER 5,000

Kaimore

21011 Commerce Pointe
Ste C
City of Industry,CA91789 		none NC GRAND PRIZE WINNER 5,000

Hanah Wilen

538 Marguerita Ave
Santa Monica,CA90402 		none I GRAND PRIZE WINNER 20,000

Neil Bhatia

4257 Arrowhead Circle
Westlake Village,CA91362 		none I GRAND PRIZE WINNER 20,000

Amelia Eichel

131 Tree Frog Lane
Santa Cruz,CA95060 		none I GRAND PRIZE WINNER 20,000

Shiloh Sacks

131 Tree Frog Lane
Santa Cruz,CA95060 		none I GRAND PRIZE WINNER 20,000

Politiwatch Inc

333 W 20th St
New York,NY10011 		none NC GRAND PRIZE WINNER 40,000
Total .................................right arrow 3a 927,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
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 1,762  
4 Dividends and interest from securities ....     14 95,493  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 -13 18 -57,305  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -21,369 14 40,428  
bFederal Tax Refund     01 200  
cDISTRIBUTIONS FROM CAPROCK BREP VI, LLC     14 609  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -21,382 81,187  
13Total. Add line 12, columns (b), (d), and (e)..................
13
59,805
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Westly Foundation
 
Employer identification number

94-3368338
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Westly Foundation
  		Employer identification number
94-3368338
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
WARMENHOVEN Family Foundation
18500 Twin Creeks Road
 
Los Gatos, CA95030

$ 40,000


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Westly Foundation
  		Employer identification number

94-3368338
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Westly Foundation
  		Employer identification number

94-3368338
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) (2023)
Additional Data


Software ID:  
Software Version:  

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

TY 2023 DepreciationSchedule
Name:
Westly Foundation
EIN:
94-3368338
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

TY 2023 GeneralExplanationAttachment
Name:
Westly Foundation
EIN:
94-3368338
Identifier Return Reference Explanation
PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF PART I LINE 6A (990-PF) - RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $(57,305) TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(13) TOTAL PART I, LINE 6A: $(57,318) DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $1,054,824 BOOK BASIS: $1,088,365 NET GAIN/(LOSS): $(33,541) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $(20,946) SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $20,320 BOOK BASIS: $23,138 NET GAIN/(LOSS): $(2,818)
Qualifying Distribution Made Out of Corpus Form 990-PF, Part XII, Line 7 Form 990-PF, Part XII, Line 7 - Election to Treat Unused Prior Year Corpus Distributions as Current Year Corpus Distributions Pursuant to Treasury Regulations 53.4942(a)-3(c)(2)(iv), Westly Foundation hereby elects to treat, as a current distribution out of corpus, the following unused prior years' distributions that were treated as corpus distributions under Regulation 53.4942(a)-3(d)(1)(iii) in such prior tax year: Tax Year: 12/31/2018 Amount: $40,000 TOTAL Amount: $40,000 By: ANITA YU Title: SECRETARY

TY 2023 InvestmentsCorpBondsSchedule
Name:
Westly Foundation
EIN:
94-3368338
Name of Bond End of Year Book Value End of Year Fair Market Value
APPLE INC - 1.125% - 05/11/202 20,395 20,982
CVS HEALTH CORP - 2.625% - 08/ 21,401 21,583
EUROPEAN INVT BK 144A NOTE - 3 54,386 53,795
IBRD - 2.500% - 11/22/2027 37,614 36,853
INTER-AMERICAN DEVELOPMENT BAN 7,652 7,787
INTERNATIONAL BK - 0.375% - 07 59,482 60,958
INTERNATIONAL BK - 1.625% - 11 98,597 96,896
INTERNATIONAL BK FORRECON&DEV 36,939 36,449
INTERNATIONAL BK FORRECON&DEV 59,000 59,888
INTERNTNL BK F - 1.125% - 09/1 66,216 65,867
MORGAN STANLEY - 3.950% - 04/2 10,681 10,684
NEW YORK NEW Y C - 1.890% - 05 39,279 39,815
PNC FINL - 5.354% - 12/02/2028 22,377 22,281
ROYAL BANK OF CANADA - 4.650% 21,130 18,846
VIRGINIA ST HSG - 1.600% - 03/ 25,811 24,085

TY 2023 InvestmentsCorpStockSchedule
Name:
Westly Foundation
EIN:
94-3368338
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC 4,687 14,036
ADOBE SYSTEMS, INC 12,343 14,915
ALPHABET INC CL A 19,002 22,350
AMAZON COM 79,440 136,746
APPLE INC 41,237 125,145
BECTON DICKINSON & CO 3,539 7,315
BERKSHIRE HATHAWAY INC. CLASS 46,338 58,136
BIOGEN INC 6,762 7,763
C H ROBINSON WORLDWIDE INC 7,181 8,207
CISCO SYSTEMS INC 2,627 5,456
COGNIZANT TECHNOLOGY SOLUTIONS 2,657 6,269
COLGATE-PALMOLIVE COMPANY 3,532 3,587
GEN DYNAMICS CP 7,056 12,724
HOME DEPOT INC 13,735 17,328
INT'L FLAVORS & FRAGRANCES INC 8,912 6,882
INVESCO QQQ TRUST 182,728 512,165
JOHNSON & JOHNSON 15,872 17,085
MEDTRONIC PLC 18,438 18,618
MICROSOFT CORP 35,506 84,985
NIKE INC-CL B 6,815 11,074
NOVO NORDISK A S 3,241 15,931
ORACLE CORP 5,680 19,083
PROCTER GAMBLE CO 2,856 5,129
RAYTHEON TECHNOLOGIES CORP 11,309 16,407
RECKITT BENCKISER GROUP 5,227 4,575
ROCHE HOLDING LTD ADR 11,928 10,869
STARBUCKS CORP COM 7,163 10,177
UNILEVER PLC AMER 18,679 17,016
VANGUARD FTSE DEVELOPED MARKET 726,252 828,670
VANGUARD FTSE EMERGING MARKETS 95,265 84,255
VANGUARD TOTAL STOCK MARKET ET 1,330,646 1,779,151
VISA INC 10,813 12,757
WAL-MART STORES INC 3,524 9,459
WALT DISNEY HOLDINGS CO 26,557 19,683

TY 2023 InvestmentsOtherSchedule2
Name:
Westly Foundation
EIN:
94-3368338
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BREVET DIRECT LENDING - SHORT     75,436
CAPITAL ROYALTY PARTNERS II (C   8,340 679
CAPROCK BREP VI, LLC   20,812 7,990
COLUMBIA PACIFIC 2016 ACQUISIT   194,493 29,015
GREENBACKER RENEWABLE ENERGY C   350,239 408,641
KAIROS CREDIT STRATEGIES REIT,   99,479 99,803
KIMPACT EVERGREEN R E INV FD,   27,679 264,328
NORTHGATE IV, LP   43,594 56,466
OAKTREE PRIVATE INVESTMENT FUN   279,730 287,747
RAINETH HOUSING FUND IV, LP   22,889  
SCP REAL ASSETS FND (A) LP   23  
TCG PRIVATE SELECT PARTNERS LP   314,709 626,044
TCG PRIVATE SELECT PTNRS III,   191,771 267,988
TRILINC GLOBAL IMPACT FUND, LL   161,764 106,889
UNION BAY CAPITAL PARTNERS I,   21,647 3,545

TY 2023 OtherExpensesSchedule
Name:
Westly Foundation
EIN:
94-3368338
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 35,264     35,264
Bank Charges 117 117    
Indemnification Insurance 1,163     1,163
K-1 Exp CAPITAL ROYALTY PARTNE 1,579 1,579    
K-1 Exp CAPROCK BREP VI, LLC 333 333    
K-1 Exp COLUMBIA PACIFIC 2016 657 656    
K-1 Exp GREENBACKER RENEWABLE 792 792    
K-1 Exp KIMPACT EVERGREEN R E 4,199 4,191    
K-1 Exp NORTHGATE IV, LP 1,408 1,375    
K-1 Exp OAKTREE PRIVATE INVEST 4,646 4,646    
K-1 Exp RAINETH HOUSING FUND I 2,201 2,149    
K-1 Exp SCP REAL ASSETS FND (A 7,494 7,423    
K-1 Exp TCG PRIVATE SELECT PAR 9,396 9,239    
K-1 Exp TCG PRIVATE SELECT PTN 8,548 8,498    
K-1 Exp UNION BAY CAPITAL PART 404 404    
STATE OR LOCAL FILING FEES 100     100
Office Supplies 31     31
Payroll Processing Fees 1,480     1,480


TY 2023 OtherIncomeSchedule2
Name:
Westly Foundation
EIN:
94-3368338
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss CAPITAL ROYALTY PARTNERS II (CAYMAN) 3 3  
K-1 Inc/Loss CAPROCK BREP VI, LLC 365 365  
K-1 Inc/Loss COLUMBIA PACIFIC 2016 ACQUISITION II -10,948    
K-1 Inc/Loss GREENBACKER RENEWABLE ENERGY CORP 6,314 6,314  
K-1 Inc/Loss KIMPACT EVERGREEN R E INV FD, LP -12,823 -220  
K-1 Inc/Loss NORTHGATE IV, LP 1,171 1,001  
K-1 Inc/Loss OAKTREE PRIVATE INVESTMENT FUND 2012 26,633 26,633  
K-1 Inc/Loss SCP REAL ASSETS FND (A) LP -639 98  
K-1 Inc/Loss TCG PRIVATE SELECT PARTNERS LP 2,316 873  
K-1 Inc/Loss TCG PRIVATE SELECT PTNRS III, LP 1,379 -14  
K-1 Inc/Loss TRILINC GLOBAL IMPACT FUND, LLC 5,263 5,263  
K-1 Inc/Loss UNION BAY CAPITAL PARTNERS I, LLC 25 25  
Federal Tax Refund 200    
Distributions from CAPROCK BREP VI, LLC 609 609  


TY 2023 OtherProfessionalFeesSchedule
Name:
Westly Foundation
EIN:
94-3368338
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WESTLY PRIZE ADMIN. SERVICES 22,228     22,228
Investment Management Services 10,587 10,587    
Website Development 2,238     2,238


TY 2023 TaxesSchedule
Name:
Westly Foundation
EIN:
94-3368338
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 2,200      
990-PF Extension for 2022 5,700      
990-T Extension for 2022 200      
Foreign Tax Paid 294 294