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
LEO M SHORTINO FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1760 THE ALAMEDA
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN JOSE, CA951261728
A Employer identification number

68-0237238
B Telephone number (see instructions)

(408) 275-6306
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$62,845,642J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments   12,341  
4 Dividends and interest from securities... 348,382 728,878  
5a Gross rents............ 1,622,348 1,622,348  
b Net rental income or (loss) 518,610
6a Net gain or (loss) from sale of assets not on line 10 107,131
b Gross sales price for all assets on line 6a 3,473,004
7 Capital gain net income (from Part IV, line 2)... 1,138,738
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
0 -65,076  
12 Total. Add lines 1 through 11........ 2,077,861 3,437,229  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 249,750 1,567   203,872
14 Other employee salaries and wages...... 137,502 862   112,244
15 Pension plans, employee benefits....... 19,606 123   16,005
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45,955 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
241,720 171,939   11,632
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
33,149 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,741 549,126  
20 Occupancy.............. 9,750 61   7,959
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
569,356 554,678   8,583
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,308,529 1,278,356   360,295
25 Contributions, gifts, grants paid....... 2,441,100 2,598,100
26 Total expenses and disbursements. Add lines 24 and 25 3,749,629 1,278,356   2,958,395
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,671,768
b Net investment income (if negative, enter -0-) 2,158,873
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............. 669,663 320,594 320,594
2 Savings and temporary cash investments......... 176,679 56,128 56,128
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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.......... 750    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,310,224 Click to see attachment
List of Attached Documents:
// Content
6,520,192 		6,520,192
c Investments—corporate bonds (attach schedule)....... 5,149,053 Click to see attachment
List of Attached Documents:
// Content
5,283,394 		5,283,394
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).......... 48,580,918 Click to see attachment
List of Attached Documents:
// Content
50,662,706 		50,662,706
14 Land, buildings, and equipment: basis right arrow5,256
Less: accumulated depreciation (attach schedule) right arrow2,628 4,380 Click to see attachment
List of Attached Documents:
// Content
2,628 		2,628
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
239,772 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 57,131,439 62,845,642 62,845,642
Liabilities 17 Accounts payable and accrued expenses.......... 119,673 138,073
18 Grants payable................. 953,000 796,000
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) Click to see attachment
List of Attached Documents:
// Content
280,000 		Click to see attachment
List of Attached Documents:
// Content
377,044
23 Total liabilities (add lines 17 through 22)......... 1,352,673 1,311,117
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........... 55,778,766 61,534,525
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    
29 Total net assets or fund balances (see instructions)..... 55,778,766 61,534,525
30 Total liabilities and net assets/fund balances (see instructions). 57,131,439 62,845,642
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
55,778,766
2
Enter amount from Part I, line 27a .....................
2
-1,671,768
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
7,516,527
4
Add lines 1, 2, and 3 ..........................
4
61,623,525
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
89,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
61,534,525
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   2023-01-01 2023-12-31
b ANGELES GLOBAL EQUITY FUND P 2023-01-01 2023-12-31
c ANGELES ABSOLUTE RETURN FUND P 2023-01-01 2023-12-31
d HARBOURVEST 2018 P 2023-01-01 2023-12-31
e HARBOURVEST 2021 P 2023-01-01 2023-12-31
MEZZANINE P 2023-01-01 2023-12-31
PA S COMPANY PRIVATE EQUITY FUND IX LP P 2023-01-01 2023-12-31
VINTAGE 2013 P 2023-01-01 2023-12-31
VINTAGE 2014 P 2023-01-01 2023-12-31
VINTAGE 2015 P 2023-01-01 2023-12-31
ANGELES PRIVATE FUND P 2023-01-01 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,441,397   2,334,266 107,131
b 680,548     680,548
c 22,934     22,934
d 37,250     37,250
e 2,084     2,084
12,906     12,906
158,659     158,659
53,556     53,556
43,196     43,196
8     8
20,466     20,466
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       107,131
b       680,548
c       22,934
d       37,250
e       2,084
      12,906
      158,659
      53,556
      43,196
      8
      20,466
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 1,138,738
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 30,008
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 30,008
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 30,008
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 12,106
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,106
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
8 849
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 8,751
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrowWWW.SHORTINO.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (408) 275-6306

Located atright arrow1760 THE ALAMEDASAN JOSECA ZIP+4right arrow951261728
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
FRANK BOITANO CHAIRMAN
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
RICARDO BENAVIDEZ VICE CHAIR
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
DAVID HEIMAN TREASURER
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
LINDA MURRAY SECRETARY
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
GERALD T WADE JR BOARD MEMBER
2.00 		2,500 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
GARY T SHARA BOARD MEMBER
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
CHRISTINE BURROUGHS BOARD MEMBER
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
MICHELE LEW BOARD MEMBER
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
BUU THAI BOARD MEMBER
2.00 		5,000 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
MARA WILLIAMS LOW EXECUTIVE DIRECTOR
40.00 		207,250 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
MIGUEL SALINAS BOARD MEMBER
40.00 		0 0 0
1760 THE ALAMEDA
SAN JOSE,CA95126
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...................right arrow 0
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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 arrow0
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
36,088,982
b
Average of monthly cash balances.......................
1b
452,265
c
Fair market value of all other assets (see instructions)................
1c
21,587,692
d
Total (add lines 1a, b, and c).........................
1d
58,128,939
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
58,128,939
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
871,934
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
57,257,005
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,862,850
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
2,862,850
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
30,008
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
30,008
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,832,842
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,832,842
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,832,842
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
2,958,395
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
 
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
2,958,395
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 2,832,842
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,534,364
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,958,395
a Applied to 2022, but not more than line 2a 2,534,364
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 424,031
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		2,408,811
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
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:
MARA WILLIAMS LOW
1760 THE ALAMEDA
SAN JOSE,CA95126
(408) 275-6306
bThe form in which applications should be submitted and information and materials they should include:
THE APPLICANT ORGANIZATION PROVIDES A LETTER OF INTENT ONLINE 30 DAYS BEFORE THE PROPOSAL GRANT DATE. THE FOUNDATION WILL DETERMINE IF THE APPLICATION IS IN THE FOUNDATION'S AREA OF INTEREST AND WILL REQUEST AN ONLINE PROPOSAL. THE APPLICANT CAN ALSO PROVIDE A WRITTEN GRANT PROPOSAL TO THE EXECUTIVE DIRECTOR.
cAny submission deadlines:
A LETTER OF INTENT IS REQUIRED 60 DAYS AND A GRANT PROPOSAL 30 DAYS PRIOR TO ANY BOARD MEETING
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION PRIMARILY MAKES GRANTS TO ORGANIZATIONS RECOGNIZED BY THE IRS UNDER SECTION 501(C)(3). THE FOUNDAITON MOST OFTEN MAKES GRANTS TO THE SUPPORT OF DIRECT SERVICES AND CAPITAL PROJECTS, ORGANIZAITONS THAT PRIMARILY PROVIDE SERVICES IN SANTA CLARA COUNTY, ORGANIZATIONS THAT HAVE CLEARLY STATED STRATEGIC PLANS, INCORPORATED MEASURABLE OBJECTIVES, AND HAVE A TRACK RECORD OF MATCHING AND EXCEEDING PERFORMANCE GOALS.
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

10000 DEGREES

1401 LOS GAMOS DRIVE SUITE 205
SAN RAFAEL,CA94903 		  501(C)(3) 10,000 DEGREES COLLEGE SUCCESS PROGRAMMING IN SAN JOSE 52,000

ACE CHARTER SCHOOL

1100 SHASTA AVENUE 250
SAN JOSE,CA95126 		BOARD MEMBER 501(C)(3) ACE CHARTER HIGH SCHOOL: COLLEGE SUCCESS PROGRAM 42,000

AFRICAN AMERICAN COMMUNITY SERVICES AGENCY

304 N 6TH STREET
SAN JOSE,CA95112 		  501(C)(3) GENERAL OPERATING SUPPORT 26,000

ALUM ROCK COUNSELING CENTER

1245 E SANTA CLARA ST
SAN JOSE,CA95116 		  501(C)(3) MENTORING & WELLNESS PROGRAM 36,000

ALUM ROCK COUNSELING CENTER

1245 E SANTA CLARA ST
SAN JOSE,CA95116 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

AMIGOS DE GUADALUPE CENTER FOR JUSTICE AND EMPOWERMENT

1897 ALUM ROCK AVE SUITE 35
SAN JOSE,CA95116 		  501(C)(3) GENERAL OPERATING SUPPORT 30,000

AMIGOS DE GUADALUPE CENTER FOR JUSTICE AND EMPOWERMENT

1897 ALUM ROCK AVE SUITE 35
SAN JOSE,CA95116 		  501(C)(3) STRATEGIC PLANNING WISE COUNSEL GRANT 500

ARCHBISHOP MITTY HIGH SCHOOL

5000 MITTY WAY
SAN JOSE,CA95129 		  501(C)(3) TUITION ASSISTANCE 36,000

ARCHBISHOP MITTY HIGH SCHOOL

5000 MITTY WAY
SAN JOSE,CA95129 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

ART IN ACTION

1755 EAST BAYSHORE SUITE 24A
REDWOOD CITY,CA94063 		  501(C)(3) ART IN ACTION PROGRAM IN SAN JOSE 25,000

ART IN ACTION

1755 EAST BAYSHORE SUITE 24A
REDWOOD CITY,CA94063 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

BELLARMINE COLLEGE PREPARATORY

960 WEST HEDDING STREET
SAN JOSE,CA95126 		  501(C)(3) TUITION ASSISTANCE 49,000

BELLARMINE COLLEGE PREPARATORY

960 WEST HEDDING STREET
SAN JOSE,CA95126 		  501(C)(3) WADE FAMILY TUITION ASSISTANCE FUND 60,000

BOYS & GIRLS CLUBS OF SILICON VALLEY

518 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) SUMMER PROGRAMMING 43,000

BOYS & GIRLS CLUBS OF SILICON VALLEY

519 VALLEY WAY
MILPITAS,CA95036 		  501(C)(3) SUMMER PROGRAMMING 83,000

BREAKTHROUGH SILICON VALLEY

1635 PARK AVE
SAN JOSE,CA95126 		  501(C)(3) GENERAL OPERATING SUPPORT 26,000

BREAKTHROUGH SILICON VALLEY

1635 PARK AVE
SAN JOSE,CA95126 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

CAMINARFAMILY & CHILDREN SERVICES DIVISION

411 BOREL AVE SUITE 101
SAN MATEO,CA94402 		  501(C)(3) FAMILIES AND SCHOOLS TOGETHER (FAST) PROGRAM 22,000

CAMINARFAMILY & CHILDREN SERVICES DIVISION

411 BOREL AVE SUITE 101
SAN MATEO,CA94402 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

CATHOLIC CHARITIES OF SANTA CLARA COUNTY

2625 ZANKER RD 200
SAN JOSE,CA95134 		  501(C)(3) CORAL SUMMER LEARNING PROGRAM 41,000

CATHOLIC CHARITIES OF SANTA CLARA COUNTY

2625 ZANKER RD 200
SAN JOSE,CA95134 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

CENTER FOR TRAINING & CAREERS INC DBA CONXION TO COMMUNITY

749 STORY ROAD STE 10
SAN JOSE,CA95122 		  501(C)(3) BRIGHT FUTURES AFTERSCHOOL MENTORING AND CHARACTER DEVELOPMENT INTENSIVE CAMP RETREAT 42,000

CHILD ADVOCATES OF SILICON VALLEY

509 VALLEY WAY BLDG 2
MILIPITAS,CA95035 		  501(C)(3) GENERAL OPERATING SUPPORT 26,000

CHILD ADVOCATES OF SILICON VALLEY

509 VALLEY WAY BLDG 2
MILIPITAS,CA95035 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

CHILDREN'S DISCOVERY MUSEUM OF SAN JOSE

180 WOZ WAY
SAN JOSE,CA95110 		  501(C)(3) GENERAL OPERATING SUPPORT 27,000

CHILDREN'S MUSICAL THEATER

1545 PARKMOOR AVE
SAN JOSE,CA95128 		BOARD MEMBER 501(C)(3) CMT COMMUNITY ACCESS PROGRAM 42,000

CITY YEAR SAN JOSE SILICON VALLEY

1922 THE ALAMEDA SUITE 104
SAN JOSE,CA95126 		  501(C)(3) CITY YEAR SAN JOS/SILICON VALLEY WHOLE SCHOOL WHOLE CHILD (WSWC) PROGRAM 75,000

COMMUNITY SCHOOL OF MUSIC AND ARTS

230 SAN ANTONIO CIRCLE
MOUNTAIN VIEW,CA94040 		  501(C)(3) ART4SCHOOLS IN ALUM ROCK UNION SCHOOL DISTRICT 21,000

CRISTO REY SAN JOSE JESUIT HIGH SCHOOL

1389 EAST SANTA CLARA STREET
SAN JOSE,CA95116 		  501(C)(3) GENERAL OPERATING SUPPORT 55,000

DIOCESE OF SAN JOSE

1150 N FIRST STREET STE 100
SAN JOSE,CA95112 		  501(C)(3) TUITION ASSISTANCE 52,000

ELEVATE TUTORING

2641 THRASHER LANE
SAN JOSE,CA95125 		  501(C)(3) GENERAL OPERATING SUPPORT 26,000

EMPLOYER-SCHOOL COUNCIL

18775 FAVRE RIDGE ROAD
LOS GATOS,CA95033 		  501(C)(3) SCHOLARSHIP PROGRAM 5,000

ENVISIONEERS INC

330 TWIN DOLPHIN DRIVE SUITE 115
REDWOOD CITY,CA94065 		  501(C)(3) GENERAL OPERATING SUPPORT 52,000

FAMILY SUPPORTIVE HOUSING INC

692 N KING ROAD
SAN JOSE,CA95133 		  501(C)(3) HOMEWORK ENRICHMENT PROGRAM 21,000

FRANKLIN - MCKINLEY SCHOOL DISTRICT

645 WOOL CREEK DRIVE
SAN JOSE,CA95112 		  501(C)(3) FRANKLIN-MCKINLEY SCHOOL DISTRICT SUMMER SCHOOL PROGRAMMING 185,000

FRESH LIFELINES FOR YOUTH

568 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) FLY LAW-RELATED EDUCATION PROGRAMS 37,000

FRESH LIFELINES FOR YOUTH

568 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

GIRL SCOUTS OF NORTHERN CALIFORNIA

1650 HARBOR BAY PKWY STE 100
ALAMEDA,CA94502 		  501(C)(3) GOT CHOICES SAN JOSE 26,000

GRAIL FAMILY SERVICES

2003 E SAN ANTONIO STREET
SAN JOSE,CA95116 		  501(C)(3) GENERAL OPERATING SUPPORT 26,000

GUADALUPE RIVER PARK CONSERVANCY

438 COLEMAN AVE
SAN JOSE,CA95110 		  501(C)(3) NATURE-BASED PROGRAMS SUPPORTING ENVIRONMENTAL EDUCATION AND STEM LEARNING 21,000

HEALTHIER KIDS FOUNDATION

4040 MOORPARK AVENUE SUITE 100
SAN JOSE,CA95117 		  501(C)(3) MYHEALTHFIRST SAN JOSE 42,000

HEALTHIER KIDS FOUNDATION

4040 MOORPARK AVENUE SUITE 100
SAN JOSE,CA95117 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

JUNIOR ACHIEVEMENT OF NORTHERN CALIFORNIA

1212 BROADWAY PLAZA SUITE 2100
WALNUT CREEK,CA94596 		  501(C)(3) JA SAN JOSE YOUTH ECONOMIC EMPOWERMENT INITIATIVE 12,000

KIWANIS CLUB OF SAN JOSE FOUNDATION

PO BOX 4855
SAN JOSE,CA95130 		  501(C)(3) SCHOLARSHIP PROGRAM 80,000

LATINO EDUCATION ADVANCEMENT FOUNDATION

300 S FIRST ST
SAN JOSE,CA95113 		  501(C)(3) LEAF COLLEGE ACCESS PROGRAM 52,000

MOVIMIENTO DE ARTE Y CULTURA LATINO AMERICANA (MACLA)

510 S FIRST STREET
SAN JOSE,CA95113 		  501(C)(3) GENERAL OPERATING SUPPORT 30,000

MOVIMIENTO DE ARTE Y CULTURA LATINO AMERICANA (MACLA)

510 S FIRST STREET
SAN JOSE,CA95113 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

MUSIC FOR MINORS

200 INDUSTRIAL ROAD SUITE 195
SAN CARLOS,CA94070 		  501(C)(3) IN-SCHOOL MUSIC EDUCATION PROGRAM 21,000

NOTRE DAME HIGH SCHOOL SAN JOSE

596 S 2ND STREET
SAN JOSE,CA95112 		  501(C)(3) TUITION ASSISTANCE 36,000

PACIFIC CLINICS

251 LLEWELLYN AVENUE
CAMPBELL,CA95008 		  501(C)(3) STRENGTHEN FAMILIES PROGRAM 36,000

PENINSULA COLLEGE FUND

526 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) GENERAL OPERATING SUPPORT 25,000

PENINSULA COLLEGE FUND

526 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

PIVOTAL

75 E SANTA CLARA STREET SUITE 1450
SAN JOSE,CA95113 		  501(C)(3) GENERAL OPERATING SUPPORT 52,000

PRESENTATION HIGH SCHOOL

2281 PLUMMER AVENUE
SAN JOSE,CA95125 		  501(C)(3) TUITION ASSISTANCE 46,000

READING PARTNERS

600B VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) READING PARTNERS PROGRAM IN SAN JOSE SCHOOLS 25,000

SACRED HEART COMMUNITY SERVICE

1381 SOUTH FIRST STREET
SAN JOSE,CA95110 		  501(C)(3) AFTER SCHOOL ACADEMY 21,000

SACRED HEART COMMUNITY SERVICE

1381 SOUTH FIRST STREET
SAN JOSE,CA95110 		  501(C)(3) SUMMER ACADEMY 35,000

SACRED HEART COMMUNITY SERVICE

1381 SOUTH FIRST STREET
SAN JOSE,CA95110 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

SACRED HEART NATIVITY SCHOOLS

310 EDWARDS AVE
SAN JOSE,PA95110 		  501(C)(3) GENERAL OPERATING SUPPORT 35,000

SAN JOSE JAZZ

310 SOUTH FIRST ST
SAN JOSE,CA95113 		  501(C)(3) SJZ PROGRESSIONS 37,000

SAN JOSE JAZZ

310 SOUTH FIRST ST
SAN JOSE,CA95113 		  501(C)(3) STRATEGIC PLANNING WISE COUNSEL GRANT 500

SAN JOSE MUSEUM OF ART

110 SOUTH MARKET STREET
SAN JOSE,CA95113 		  501(C)(3) SOWING CREATIVITY RESIDENCIES FOR TITLE I STUDENTS 26,000

SAN JOSE PUBLIC LIBRARY FOUNDATION

PO BOX 611540
SAN JOSE,CA95161 		  501(C)(3) EXPANDED LEARNING COMMUNITY OF PRACTICE 10,000

SAN JOSE TAIKO

565 N 5TH ST
SAN JOSE,CA95112 		  501(C)(3) GENERAL OPERATING SUPPORT 12,000

SANTA CLARA COUNTY OFFICE OF EDUCATION

1290 RIDDER PARK DR
SAN JOSE,CA95131 		  501(C)(3) STRATEGIC PLANNING WISE COUNSEL GRANT 500

SCHOOL OF ARTS AND CULTURE AT MHP

1700 ALUM ROCK AVENUE
SAN JOSE,CA95116 		  501(C)(3) GENERAL OPERATING SUPPORT 53,000

SCHOOL OF ARTS AND CULTURE AT MHP

1700 ALUM ROCK AVENUE
SAN JOSE,CA95116 		  501(C)(3) STRATEGIC PLANNING WISE COUNSEL GRANT 500

SILICON VALLEY CREATES

38 W SANTA CLARA ST
SAN JOSE,CA95113 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

SILICON VALLEY EDUCATION FOUNDATION

1400 PARKMOOR 200
SAN JOSE,CA95126 		  501(C)(3) ELEVATE [MATH] AND [CS] INNOVATE 35,000

SILICON VALLEY EDUCATION FOUNDATION

1400 PARKMOOR 200
SAN JOSE,CA95126 		  501(C)(3) STRATEGIC PLANNING WISE COUNSEL GRANT 500

SILICON VALLEY URBAN DEBATE LEAGUE

502 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) PROVIDE EDUCATIONAL ENRICHMENT TO UNDERSERVED STUDENTS THROUGH SPEECH & DEBATE PROGRAMMING 27,000

SILICON VALLEY URBAN DEBATE LEAGUE

502 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

SJDANCECO

7283 CORONADO DRIVE
SAN JOSE,CA95129 		  501(C)(3) GENERAL OPERATING SUPPORT 11,000

SOMOS MAYFAIR

370-B S KING RD
SAN JOSE,CA95116 		  501(C)(3) GENERAL OPERATING SUPPORT 35,000

SOMOS MAYFAIR

370-B S KING RD
SAN JOSE,CA95116 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

SPRINGBOARD COLLABORATIVE

TWO PENN CENTER SUITE 1315 1500
JOHN F KENNEDY
PHILADELPHIA,CA19102 		  501(C)(3) SPRINGBOARD SUMMER 100,000

TEATRO VISION

PO BOX 28367
SAN JOSE,CA95159 		  501(C)(3) GENERAL OPERATING SUPPORT 12,000

TEATRO VISION

PO BOX 28367
SAN JOSE,CA95159 		  501(C)(3) STRATEGIC PLANNING FOCUS GROUP GRANT 100

THE BEAT WITHIN A PROGRAM OF INTERSECTION FOR THE ARTS

1446 MARKET STREET
SAN FRANCISCO,CA94102 		  501(C)(3) WRITING AND CONVERSATION WORKSHOPS AND BI-WEEKLY MAGAZINE PUBLICATION FOR AT-RISK DETAINED AT FACILITIES IN SANTA CLARA COUNTY. 16,000

THE JOSE VALDES MATH FOUNDATION

25 NORTH 14TH STREET SUITE 900
SAN JOSE,CA95112 		  501(C)(3) GENERAL OPERATING SUPPORT 25,000

THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (ITS CENTER FOR EDUCATIONAL PAR

HEARST FIELD ANNEX BUILDING C
BERKELEY,CA94720 		  501(C)(3) DESTINATION COLLEGE ADVISING CORPS (DCAC) 32,000

THE TECH INTERACTIVE

201 S MARKET ST
SAN JOSE,CA95113 		  501(C)(3) THE TECH ACADEMIES 26,000

TIDES CENTER

PO BOX 2997
SAN FRANCISCO,CA94129 		  501(C)(3) LISTEN4GOOD SPONSORSHIP OF FIVE SHORTINO GRANTEES 15,000

VALLEY HEALTH FOUNDATION

2400 CLOVE DR
SAN JOSE,CA95128 		  501(C)(3) SCHOOL-BASED WELLNESS CENTER GRANT PROGRAM 80,000

VIA SERVICES INC

350 TWIN DOLPHIN DRIVE SUITE 123
REDWOOD CITY,CA94065 		  501(C)(3) CAMP VIA WEST 53,000

YMCA OF SILICON VALLEY

550 S WINCHESTER BLVD SUITE 250
SAN JOSE,CA95128 		  501(C)(3) YMCA SUMMER LEARNING PROGRAM 95,000

YWCA GOLDEN GATE SILICON VALLEY

375 S THIRD ST
SAN JOSE,CA95112 		  501(C)(3) GENERAL OPERATING SUPPORT 36,000
Total .................................right arrow 3a 2,598,100
bApproved for future payment

10000 DEGREES
1401 LOS GAMOS DRIVE SUITE 205
SAN RAFAEL,CA94903 		  501(C)(3) 10,000 DEGREES COLLEGE SUCCESS PROGRAMMING IN SAN JOSE 52,000

ALUM ROCK COUNSELING CENTER
1245 E SANTA CLARA ST
SAN JOSE,CA95116 		  501(C)(3) MENTORING & WELLNESS PROGRAM 36,000

ART IN ACTION
1755 EAST BAYSHORE SUITE 24A
REDWOOD CITY,CA94063 		  501(C)(3) ART IN ACTION PROGRAM IN SAN JOSE 25,000

CENTER FOR TRAINING & CAREERS INC DBA CONXION TO COMMUNITY
749 STORY ROAD STE 10
SAN JOSE,CA95122 		  501(C)(3) BRIGHT FUTURES AFTERSCHOOL MENTORING AND CHARACTER DEVELOPMENT INTENSIVE CAMP RETREAT 42,000

CITY YEAR SAN JOSE SILICON VALLEY
1922 THE ALAMEDA SUITE 104
SAN JOSE,CA95126 		  501(C)(3) CITY YEAR SAN JOS/SILICON VALLEY WHOLE SCHOOL WHOLE CHILD (WSWC) PROGRAM 60,000

DIOCESE OF SAN JOSE
1150 N FIRST STREET STE 100
SAN JOSE,CA95112 		  501(C)(3) TUITION ASSITANCE 52,000

ENVISIONEERS INC
330 TWIN DOLPHIN DRIVE SUITE 115
REDWOOD CITY,CA94065 		  501(C)(3) GENERAL OPERATING SUPPORT 52,000

GIRL SCOUTS OF NORTHERN CALIFORNIA
1650 HARBOR BAY PKWY STE 100
ALAMEDA,CA94502 		  501(C)(3) GOT CHOICES SAN JOSE 26,000

GUADALUPE RIVER PARK CONSERVANCY
438 COLEMAN AVE
SAN JOSE,CA95110 		  501(C)(3) NATURE-BASED PROGRAMS SUPPORTING ENVIRONMENTAL EDUCATION AND STEM LEARNING 21,000

LATINO EDUCATION ADVANCEMENT FOUNDATION
300 S FIRST ST
SAN JOSE,CA95113 		  501(C)(3) LEAF COLLEGE ACCESS PROGRAM 52,000

MOVIMIENTO DE ARTE Y CULTURA LATINO AMERICANA (MACLA)
510 S FIRST STREET
SAN JOSE,CA95113 		  501(C)(3) GENERAL OPERATING SUPPORT 30,000

PACIFIC CLINICS
251 LLEWELLYN AVENUE
CAMPBELL,CA95008 		  501(C)(3) STRENGTHEN FAMILIES PROGRAM 36,000

PIVOTAL
75 E SANTA CLARA STREET SUITE 1450
SAN JOSE,CA95113 		  501(C)(3) GENERAL OPERATING SUPPORT 52,000

READING PARTNERS
600B VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) READING PARTNERS PROGRAM IN SAN JOSE SCHOOLS 25,000

SACRED HEART NATIVITY SCHOOLS
310 EDWARDS AVE
SAN JOSE,CA95110 		  501(C)(3) GENERAL OPERATING SUPPORT 35,000

SCHOOL OF ARTS AND CULTURE AT MHP
1700 ALUM ROCK AVENUE
SAN JOSE,CA95116 		  501(C)(3) GENERAL OPERATING SUPPORT 53,000

SILICON VALLEY EDUCATION FOUNDATION
1400 PARKMOOR 200
SAN JOSE,CA95126 		  501(C)(3) ELEVATE [MATH] AND [CS] INNOVATE 35,000

SILICON VALLEY URBAN DEBATE LEAGUE
502 VALLEY WAY
MILPITAS,CA95035 		  501(C)(3) PROVIDE EDUCATIONAL ENRICHMENT TO UNDERSERVED STUDENTS THROUGH SPEECH & DEBATE PROGRAMMING 27,000

THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (ITS CENTER FOR EDUCATIONAL PAR
HEARST FIELD ANNEX BUILDING C
BERKELEY,CA94720 		  501(C)(3) DESTINATION COLLEGE ADVISING CORPS (DCAC) 32,000

VIA SERVICES INC
350 TWIN DOLPHIN DRIVE SUITE 123
REDWOOD CITY,CA94065 		  501(C)(3) CAMP VIA WEST 53,000
Total ................................. right arrow 3b 796,000
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    
4 Dividends and interest from securities ....     14 348,382  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 518,610  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 107,131  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 974,123 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
974,123
(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

TY 2023 AccountingFeesSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 45,955 0   0

TY 2023 AppliedToPriorYearElection
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Election:
ANY QUALIFYING DISTRIBUTION MADE DURING A TAXABLE YEAR SHALL BE TREATED AS MADE --FIRST OUT OF THE UNDISTRIBUTED INCOME OF THE IMMEDIATELY PRECEDING TAXABLE YEAR TO THE EXTENT THEREOF; SECOND OUT OF THE UNDISTRIBUTED INCOME FOR THE TAXABLE YEAR TO THE EXTENT THEREOF; AND THEN OUT OF CORPUS.

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

TY 2023 DepreciationSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
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
SONY VAIO AND ACCESSORIES 2011-03-01 1,144 1,144 SL 3.000000000000 0 0    
DELL TOWER AND ACCESSORIES 2011-12-01 1,675 1,675 SL 3.000000000000 0 0    
2 IPADS 2012-09-01 1,398 1,398 SL 3.000000000000 0 0    
ELAINE'S COMPUTER 2014-03-31 1,470 1,470 SL 3.000000000000 0 0    
JEANNE'S COMPUTER 2016-01-01 1,331 1,331 SL 3.000000000000 0 0    
NEW IPADS 2017-02-27 548 548 SL 3.000000000000 0 0    
NEW COMPUTERS 2018-10-25 4,996 4,996 SL 3.000000000000 0 0    
NEW COMPUTERS 2022 2022-07-01 5,256 876 SL 3.000000000000 1,752 0    

TY 2023 InvestmentsCorpBondsSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Name of Bond End of Year Book Value End of Year Fair Market Value
FIXED INCOME 5,283,394 5,283,394

TY 2023 InvestmentsCorpStockSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITIES 6,520,192 6,520,192

TY 2023 InvestmentsOtherSchedule2
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
REAL ESTATE FMV 24,247,433 24,247,433
ALTERNATIVE INVESTMENTS FMV 26,415,273 26,415,273

TY 2023 LandEtcSchedule2
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
SONY VAIO AND ACCESSORIES 1,144 1,144 0  
DELL TOWER AND ACCESSORIES 1,675 1,675 0  
2 IPADS 1,398 1,398 0  
ELAINE'S COMPUTER 1,470 1,470 0  
JEANNE'S COMPUTER 1,331 1,331 0  
NEW IPADS 548 548 0  
NEW COMPUTERS 4,996 4,996 0  
NEW COMPUTERS 2022 5,256 2,628 2,628  


TY 2023 OtherAssetsSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER ASSETS 68,525 0 0
INVESTMENT RECEIVABLES 171,247 0 0


TY 2023 OtherDecreasesSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Description Amount
DEFERRED EXCISE TAXES 89,000


TY 2023 OtherExpensesSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 3,041 5   614
OFFICE EXPENSE 9,762 61   7,969
MISCELLANEOUS 1,941 0   0
RENTAL EXPENSES 122,856 122,856   0
RENTAL EXPENSES 260,669 260,669   0
RENTAL EXPENSES 171,087 171,087   0


TY 2023 OtherIncomeSchedule2
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT EXPENSES 0 -12,600 0
MANAGEMENT FEES 0 -52,476 0


TY 2023 OtherIncreasesSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Description Amount
UNREALIZED GAINS 7,506,512
PRIOR YEAR ADJUSTMENT 10,015


TY 2023 OtherLiabilitiesSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 280,000 360,000
CURRENT TAX LIABILITY 0 17,044


TY 2023 OtherProfessionalFeesSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT AND TAX PREPARATION 27,930 0   0
INVESTMENT MANAGEMENT 162,850 162,850   0
OTHER 50,940 9,089   11,632


TY 2023 TaxesSchedule
Name:
LEO M SHORTINO FAMILY FOUNDATION
EIN:
68-0237238
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 33,149 0   0