2021-11-15T16:10:28-06:00 2020-12-31 330885895 LINDSAY & BROWNELL LLP 4225 EXECUTIVE SQUARE SUITE 1150 LA JOLLA CA 92037 990PF 2020-01-01 330753690 SAHM FAMILY FOUNDATION SAHM 9498605009 PO BOX 1194 RANCHO SANTA FE CA 92067 ROBERT CUTHBERTSON TREASURER 9498605009 2021-11-12 1 ROBERT CUTHBERTSON 999009999 MARY H MCGROARTY P00735101 8585589200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X 68503239 X 13365 2841 2841 616331 616331 -4304587 34176715 0 42110 42110 -3629940 661282 445000 257500 187500 113846 27000 86846 21374 6412 14962 23000 23000 0 60325 30162 30163 228034 176561 51473 49339 42672 6667 17745 5324 12421 3494 0 3494 975027 958036 16989 1937184 1526667 410515 3166788 3166788 5103972 1526667 3577303 -8733912 0 991712 17483643 17483643 16896623 15026444 20891316 8207204 8060554 8478280 52540979 29326965 21650000 78636518 69897606 68503239 0 0 X 78636518 69897606 78636518 69897606 78636518 69897606 78636518 -8733912 0 69902606 5000 69897606 WELLS FARGO - PUBLICLY TRADED SECURITIES 2019-12-31 2020-12-31 3375895 3382777 -6882 -6882 BNY MELLON - 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AS ENTITLEMENT PROJECT MANAGER, MR. CUTHBERTSON IS RESPONSIBLE FOR MEETING WITH, PROVIDING INPUT TO, AND MAKING DECISIONS WITH ALL CONSULTANTS ON THE PROJECT. HE IS ALSO RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF DEL DIOS RANCH, INCLUDING THE RESIDENCE. BOTH OF THESE ACTIVITIES REPRESENT SUBSTANTIAL RESPONSIBILITES TO MR. CUTHBERTSON, FOR WHICH HE HAS BEEN FAIRLY COMPENSATED. DEL DIOS RANCH EXPENSES FORM 990PF, PAGE 1, PART I, LINE 23 IN 2017, THE SAHM FAMILY FOUNDATION RECEIVED ASSETS INCLUDING REAL PROPERTY AS CONTRIBUTIONS. THE MAINTENANCE AND UPKEEP EXPENSES REQUIRED TO MAINTAIN THE VALUE OF THIS PROPERTY ARE REFLECTED IN THE DEL DIOS RANCH EXPENSES. SAHM FAMILY FOUNDATION HAS BEEN WORKING TO SELL THIS PROPERTY. DURING 2020, PART OF THE DONATED REAL ESTATE WAS SOLD. DEL DIOS ENTITLEMENT PROJECT FORM 990PF, PAGE 2, PART II, LINE 15, COLUMN (C) IT HAS BEEN DETERMINED THAT THE DEL DIOS RANCH ENTITLEMENT PROJECT INCLUDED AT PART II LINE 15 DOES NOT HAVE AN ATTRIBUTABLE FAIR MARKET VALUE. THE PROJECT IS NOT DEEMED TO HAVE INHERENT VALUE UNTIL IT HAS REACHED COMPLETION. AS OF THE END OF THIS TAX YEAR, DECEMBER 31, 2020, THE ENTITLEMENT PROJECT IS NOT COMPLETED. THE LAND UPON WHICH THE ENTITLEMENT PROJECT IS BEING CONDUCTED HAS BEEN PROPERLY REPORTED AT FAIR MARKET VALUE AS ASSESSED BY A QUALIFIED APPRAISAL DATED JULY 17, 2017. SCHEDULE OF CONTROLLED ENTITIES FORM 990PF, PAGE 5, PART VII-A, LINE 11 CONTROLLED ENTITIES ARE:DEL DIOS RANCH, LLCEIN: 82-1506693ADDRESS: PO BOX 1194, RANCHO SANTA FE, CA 92067NOT AN EXCESS BUSINESS HOLDINGDDR EAST, LLCEIN: 20-3975831ADDRESS: PO BOX 1194, RANCHO SANTA FE, CA 92067NOT AN EXCESS BUSINESS HOLDING 266 ELECTION FOR PROPERTY TAXES ELECTION TO CAPITALIZE CERTAIN TAXES AND CARRYING CHARGES ELECTION TO CAPITALIZE CERTAIN TAXES AND CARRYING CHARGESSAHM FAMILY FOUNDATIONPO BOX 1194 RANCHO SANTA FE, CA 92067IDENTIFICATION NUMBER: 33-0753690TAX YEAR END: 12/31/2020PURSUANT TO CODE SEC. 266 AND REG. 1.266-1, THE ABOVE NAMED TAXPAYER HEREBY ELECTS TO TREAT AS CHARGEABLE TO CAPITAL ACCOUNT, RATHER THAN TO DEDUCT, THE FOLLOWING TAXES AND CARRYING CHARGES FOR THE FOLLOWING PROJECT(S) FOR THE TAX YEAR ENDING 12/31/2020: ITEM/PROJECT DESCRIPTION: PROPERTY TAXES PAID ON DEL DIOS RANCH AND DDR EAST REAL PROPERTY.REG. 1.266-1(B)(1) SUBSECTION: REG. SEC. 1.266-1(B)(1)(II)AMOUNT CAPITALIZED: $244,299 CORPORATE BONDS 8060554 8478280 CORPORATE STOCK 15026444 20891316 LEGAL FEES 23000 23000 0 DEL DIOS RANCH 44416 0 0 DEL DIOS RANCH BUILDING AND LAND 33000000 9900000 8100000 DEL DIOS RANCH ENTITLEMENT PROJECT 1605292 2016441 0 DEL DIOS RANCH / DDR EAST - CAPITALIZED PROPERTY TAXES 929080 707041 0 DEL DIOS RANCH EQUIPMENT 215018 0 0 DEL DIOS RANCH FURNITURE AND ART 43690 0 0 INTEREST IN DDR EAST LLC 16703483 16703483 13550000 PRIOR PERIOD COST BASIS ADJUSTMENT 5000 DEL DIOS RANCH EXPENSE 947252 947252 0 BANK CHARGES 97 97 0 DUES & SUBSCRIPTIONS 1048 0 1048 INSURANCE 12045 6061 5984 MISCELLANEOUS EXPENSE 612 612 0 MILEAGE 1281 0 1281 OFFICE EXPENSES 12027 3664 8362 PAYROLL EXPENSE 665 350 314 DEL DIOS RANCH INCOME 17431 17431 17431 USE OF PROPERTY 430 430 430 FEE REIMBURSEMENT 24249 24249 24249 CONSULTING FEES 51628 555 51073 INVESTMENT FEES 176006 176006 0 OTHER FEES 400 0 400 FOREIGN TAXES 7576 7576 0 PAYROLL TAXES 14113 7446 6667 STATE TAXES 1041 1041 0 PROPERTY TAXES 26317 26317 0 OTHER TAXES 292 292 0