BETA

TSAO FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
TSAO FAMILY FOUNDATION (EIN 20-2043022)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-10-30
IRS object ID
202023049349100707
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-10-30T10:40:57-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 ANTON BLVD STE 500AddressLine1Txt
CityCOSTA MESACityNm
State AbbreviationCAStateAbbreviationCd
ZIP92626ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN202043022EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TSAO FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL LIYOUNG TSAOInCareOfNm
Business Name ControlTSAOBusinessNameControlTxt
Phone9497063355PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1115AddressLine1Txt
CityCORONA DEL MARCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92625ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEVEN TSAOPersonNm
Person TitleCFOPersonTitleTxt
Phone9497063355PhoneNum
Signature2020-03-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJERRY SCHNAUSPreparerPersonNm
PTINP01596320PTIN
Phone7149573200PhoneNum
Preparation2020-03-09PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address99.151.38.230IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id33488920203045000000FederalOriginalSubmissionId
Federal Original Submission Id2020-10-30FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB3EBBE47AFD01CE5896A0AA22A0E1071202AF661AtSubmissionCreationDeviceId
At Submission Filing Device Id0B24D68A6389E600A756C0F406BE3E1974226CDCAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$40,205,199FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$11,302,923ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$56,198InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$56,198InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$259,760DividendsRevAndExpnssAmt
Dividends Net Invst Incm$259,760DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,007,690NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$652,827GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$627,952CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$59OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$59OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$13,626,630TotalRevAndExpnssAmt
Total Net Invst Incm$943,969TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$4,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,250AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$2,250AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$71,487OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$71,487OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$91,160TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$160TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$45,438OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$32,056OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$11,653OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$212,585TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$34,306TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$85,550TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,031,725ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,031,725ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,244,310TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$34,306TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,117,275TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$12,382,320ExcessRevenueOverExpensesAmt
Net Investment Income$909,663NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$3,672,078SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,070,781SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,070,781SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$23,771,995OtherInvestmentsBOYAmt
Other Investments EOY$38,755,567OtherInvestmentsEOYAmt
Other Investments EOYFMV$39,134,418OtherInvestmentsEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Total Assets BOY$27,444,073TotalAssetsBOYAmt
Total Assets EOY$39,826,348TotalAssetsEOYAmt
Total Assets EOYFMV$40,205,199TotalAssetsEOYFMVAmt
Accounts Payable BOY$39,711AccountsPayableBOYAmt
Accounts Payable EOY$35,617AccountsPayableEOYAmt
Total Liabilities BOY$39,711TotalLiabilitiesBOYAmt
Total Liabilities EOY$35,617TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$27,294,102RetainedEarningBOYAmt
Retained Earning EOY$39,790,731RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$27,294,102TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$39,790,731TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$27,333,813TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$39,826,348TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$27,294,102TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$12,382,320ExcessRevenueOverExpensesAmt
Other Increases$114,309OtherIncreasesAmt
Subtotal$39,790,731SubtotalAmt
Tot Net Ast Or Fund Balances EOY$39,790,731TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
FIDELITY Z47-918129D1988-04-28$646,017$24,875$621,142$621,142
CAPITAL GAIN DIVIDENDSP$6,810
FieldValueIRS element (for citing)
Capital Gain Net Income$627,952CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$825,395AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$26,287,205NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.031399DistributionYr1Rt
Adjusted Qlfy Distri Yr2$584,875AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$17,535,083NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.033355DistributionYr2Rt
Adjusted Qlfy Distri Yr3$445,087AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$11,702,246NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.038034DistributionYr3Rt
Adjusted Qlfy Distri Yr4$382,282AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$9,567,429NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.039957DistributionYr4Rt
Adjusted Qlfy Distri Yr5$314,338AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$8,453,225NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.037186DistributionYr5Rt
Total Distribution0.179931TotalDistributionRt
Average Distribution0.035986AverageDistributionRt
Net Vl Noncharitable Assets$33,530,283NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,206,622AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$9,097NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,215,719AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,117,275QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18,193InvestmentIncomeExciseTaxAmt
Subtotal$18,193SubtotalAmt
Tax Based On Investment Income$18,193TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$93,120EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$93,120TotalPaymentsAndCreditsAmt
Overpayment$74,927OverpaymentAmt
Applied To ES Tax$74,927AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL LIYOUNG TSAOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9497063355PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1115AddressLine1Txt
CityCORONA DEL MARCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92625ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL LIYOUNG TSAO
PO BOX 1115CORONA DEL MARCA92625PRESIDENT0$0$0$0
STEVEN LIDAH TSAO
PO BOX 1115CORONA DEL MARCA92625CFO0$0$0$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Generative GroupBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14501 CEDROS AVENUE 120AddressLine1Txt
CitySHERMAN OAKSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91403ZIPCd
FieldValueIRS element (for citing)
Service TypeConsultingServiceTypeTxt
Compensation$58,987CompensationAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$30,562,431AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,478,465AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$34,040,896TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$34,040,896AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$510,613CashDeemedCharitableAmt
Net Vl Noncharitable Assets$33,530,283NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,676,514MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,676,514MinimumInvestmentReturnAmt
Tax Based On Investment Income$18,193TaxBasedOnInvestmentIncomeAmt
Total Tax$18,193TotalTaxAmt
Distributable Before Adj$1,658,321DistributableBeforeAdjAmt
Distributable Before Ded$1,658,321DistributableBeforeDedAmt
Distributable As Adjusted$1,658,321DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,117,275ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,117,275QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,117,275AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,658,321DistributableAsAdjustedAmt
Undistributed Income PY$1,101,765UndistributedIncomePYAmt
Prior Year12017PriorYear1Yr
Prior Year22016PriorYear2Yr
Prior Year32015PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$1,117,275QualifyingDistributionsAmt
Applied To Year1$1,101,765AppliedToYear1Amt
Applied To Current Year$15,510AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$1,642,811UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMichael Liyoung TsaoRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 1115AddressLine1Txt
CityCorona Del MarCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92625ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9497063355RecipientPhoneNum
Form And Info And MaterialsNONEFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
IRVINE CANAAN CHRISTIAN C
17321 MURPHY AVENUEIRVINECA92614NONEPCSUPPORTING CHARITABLE ORGANIZATION'S$60,000
RENEWAL FOUNDATION
1249 S DIAMOND BAR BLDGDIAMOND BARCA91765NONEPCSUPPORTING CHARITABLE ORGANIZATION'S$200,000
South Coast Chinese Cultural Association
9 Truman StIrvineCA92620noneNCSupporting Charitable Organization's Exempt Purposes$100,000
Hoag Hospital Foundation
16200 Sand Canyon AvenueIrvineCA92618nonePCSupporting Charitable organization's exempt purposes$215,275
CHOC Foundation
1201 W La Veta AveOrangeCA92868nonePCSupporting charitable organization's exempt purposes$70,250
First Love Church
339 BOWLING GREEN DRCOSTA MESACA92626NONEPCSupporting charitable organization's exempt purposes$10,000
CALIFORNIA INSTITUTE OF TECHNOLOGY
1200 E CALIFORNIA BLVDPASADENACA91125NONESO-DPSupporting charitable organization's exempt purposes$10,000MC 5-32
YOUNG PEOPLE IN RECOVERY
1415 PARK AVE WDENVERCO80205NONEPCSupporting charitable organization's exempt purposes$50,000
MAKARIOS MINISTRIES INC
1105 WEST WELL STGRAPEVINETX76051NONEPCSupporting charitable organization's exempt purposes$5,000
SALK INSTITUTE FOR BIOLOGICAL STUDIES
10010 N TORREY PINES RDLA JOLLACA92037NONEPCSupporting charitable organization's exempt purposes$10,000
THE CHILDREN'S SCHOOL INC
2424 SE BRISTOL ST SUITE 300NEWPORT BEACHCA92660NONENCSupporting charitable organization's exempt purposes$200,000
THE ECOLOGY CENTER
32701 ALIPAZ STSAN JUAN CAPISTRANOCA92675NONENCSupporting charitable organization's exempt purposes$101,200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,031,725TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$315,958ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$2,007,749ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,323,707ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,323,707TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (19 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionInd
Janie Tsao
1PO Box 1115Corona Del MarCA92626$506,700Yes (X)
Janie Tsao
2PO Box 1115Corona Del MarCA92626$516,573Yes (X)
Janie Tsao
3PO Box 1115Corona Del MarCA92626$524,975Yes (X)
Janie Tsao
4PO Box 1115Corona Del MarCA92626$532,750Yes (X)
Janie Tsao
5PO Box 1115Corona Del MarCA92626$547,050Yes (X)
Janie Tsao
6PO Box 1115Corona Del MarCA92626$551,900Yes (X)
Janie Tsao
7PO Box 1115Corona Del MarCA92626$560,725Yes (X)
Janie Tsao
8PO Box 1115Corona Del MarCA92626$564,225Yes (X)
Janie Tsao
9PO Box 1115Corona Del MarCA92626$570,675Yes (X)
Janie Tsao
10PO Box 1115Corona Del MarCA92626$994,000Yes (X)
Michael Tsao
11PO Box 1115Corona Del MarCA92626$517,400Yes (X)
Michael Tsao
12PO Box 1115Corona Del MarCA92626$1,533,750Yes (X)
Michael Tsao
13PO Box 1115Corona Del MarCA92626$486,350Yes (X)
Michael Tsao
14PO Box 1115Coronoa Del MarCA92626$486,300Yes (X)
Michael Tsao
15PO Box 1115Corona Del MarCA92626$497,000Yes (X)
Michael Tsao
16PO Box 1115Corona Del MarCA92626$468,800Yes (X)
Michael Tsao
17PO Box 1115Corona Del MarCA92626$476,425Yes (X)
Michael Tsao
18PO BOX 1115CORONA DEL MARCA92626$481,425Yes (X)
Michael Tsao
19PO BOX 1115CORONA DEL MARCA92626$485,900Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (19 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
110,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$506,7002019-02-25
210,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$516,5732019-02-28
310,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$524,9752019-03-13
410,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$532,7502019-03-15
510,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$547,0502019-04-01
610,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$551,9002019-04-02
710,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$560,7252019-04-12
810,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$564,2252019-04-15
910,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$570,6752019-04-16
1020,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$994,0002019-09-11
1110,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$517,4002019-08-05
1230,000 SHARES OF CISCO SYSTEMS, INC.$1,533,7502019-08-14
1310,000 SHARES OF CISCO SYSTEMS, INC.$486,3502019-08-22
1410,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$486,3002019-09-06
1510,000 SHARES OF CISCO SYSTEMS, INC.$497,0002019-09-11
1610,000 SHARES OF CISCO SYSTEMS, INC.$468,8002019-10-11
1710,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$476,4252019-10-22
1810,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$481,4252019-11-06
1910,000 SHARES OF CISCO SYSTEMS, INC. (CSCO)$485,9002019-11-07

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAUDIT FEESCategoryTxt
Amt$4,500Amt
Net Investment Income$2,250NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,250DisbursementsCharitablePrpsAmt

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp

FieldValueIRS element (for citing)
Contractor PersonThe Generative GroupContractorPersonNm
ExplanationThe Generative Group provides philanthropic consulting services for the foundation.ExplanationTxt

Depreciation Schedule DepreciationSchedule

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (12 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
COMMON STOCK AND MUTUAL FUNDSFMV$14,552,835$14,552,835
AKITO FUND SUBREDFMV$2,442,778$2,442,778
CITADEL KENSINGTONFMV$2,421,467$2,800,318
DCIG CAPITAL LTDFMV$2,027,331$2,027,331
KADENSA FUNDFMV$1,037,183$1,037,183
MAN AHL TARGET RISKFMV$2,000,000$2,000,000
QUANTEDGE GLOBALFMV$2,413,957$2,413,957
SEVEN VOYAGER FEEDERFMV$2,693,321$2,693,321
SHOREBRIDGE POINTFMV$2,749,470$2,749,470
TWO SIGMA SP CAYMANFMV$1,870,489$1,870,489
VARADERO INT LTD.FMV$2,479,568$2,479,568
ZP OFFSHORE UTILITYFMV$2,067,168$2,067,168

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDIVIDEND ACCRUALDesc
BOY Book Value$0BOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$1$1
GENERAL BUSINESS EXPENSE$35,617$3,562$32,056
DUES AND SUBSCRIPTIONS$8,090$8,090
SEMINAR / CONFERENCE$1,730

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescREALIZED GAIN ON CURRENCYDesc
Revenue And Expenses Per Books$59RevenueAndExpensesPerBooksAmt
Net Investment Income$59NetInvestmentIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescFMV ADJUSTMENTDesc
Amt$114,309Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryOTHER PROFESSIONAL FEESCategoryTxt
Amt$71,487Amt
Disbursements Charitable Prps$71,487DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CALIFORNIA SECRETARY OF STATE$10$10
CALIFORNIA ATTORNEY GENERAL RE$150$150
FEDERAL TAX$91,000

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