efile Public Visual Render
ObjectId: 202203189349106910 - Submission: 2022-11-14
TIN: 20-2653929
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
For calendar year 2021, or tax year beginning
01-01-2021
, and ending
12-31-2021
Name of foundation
DIANE AND DOROTHY BROOKS FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
11100 SANTA MONICA BLVD 400
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES
,
CA
90025
A Employer identification number
20-2653929
B
Telephone number (see instructions)
(310) 734-1234
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
60,767,478
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
702,123
702,123
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
2,536,564
b
Gross sales price for all assets on line 6a
13,294,414
7
Capital gain net income (from Part IV, line 2)
...
2,536,564
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
3,238,687
3,238,687
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
40,342
40,342
0
b
Accounting fees (attach schedule)
.......
17,417
17,417
0
c
Other professional fees (attach schedule)
....
314,940
314,940
0
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
89,963
89,963
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
5,072
5,072
0
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
467,734
467,734
0
25
Contributions, gifts, grants paid
.......
7,272,636
7,272,636
26
Total expenses and disbursements.
Add lines 24 and 25
7,740,370
467,734
7,272,636
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-4,501,683
b
Net investment income
(if negative, enter -0-)
2,770,953
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2021)
Page 2
Form 990-PF (2021)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
1,002,317
2,615,003
2,615,003
3
Accounts receivable
Less: allowance for doubtful accounts
8,825,539
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
1,434,519
959,168
941,175
b
Investments—corporate stock (attach schedule)
.......
30,410,141
31,480,090
51,953,484
c
Investments—corporate bonds (attach schedule)
.......
2,988,533
5,325,434
5,257,816
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
44,661,049
40,379,695
60,767,478
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
44,661,049
40,379,695
29
Total net assets or fund balances
(see instructions)
.....
44,661,049
40,379,695
30
Total liabilities and net assets/fund balances
(see instructions)
.
44,661,049
40,379,695
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
44,661,049
2
Enter amount from Part I, line 27a
.....................
2
-4,501,683
3
Other increases not included in line 2 (itemize)
3
220,329
4
Add lines 1, 2, and 3
..........................
4
40,379,695
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
40,379,695
Form
990-PF
(2021)
Page 3
Form 990-PF (2021)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
39,233.523 SHS PIMCO LT CREDIT
P
2021-01-01
2021-02-22
b
DAIMLER FINANCE NORTH AMERICA LLC
P
2021-07-15
2021-11-01
c
MONDELEZ INTL HOLDINGS NETH B V
P
2021-03-25
2021-09-28
d
LABORATORY CORP AMERICA HOLDINGS
P
2021-04-21
2021-06-11
e
MORGAN STANLEY
P
2020-04-29
2021-01-21
CISCO SYATEMS INC
P
2020-07-16
2021-01-15
HOME DEPOT INC
P
2020-07-28
2021-04-06
NATL FINL SERV 942669
P
2020-01-01
2021-12-31
NATL FINL SERV 942669
P
2021-01-01
2021-12-31
3M COMPANY
P
2020-01-01
2021-07-23
WELLS FARGO & CO
P
2012-05-04
2021-04-01
SAN DIEGO GAS & ELEC CO
P
2012-07-26
2021-08-16
NATL FINL SERV 675857
P
2020-01-01
2021-12-31
NATL FINL SERV 675857
P
2021-01-01
2021-12-31
VIMEO INC
P
2020-01-01
2021-12-31
TENCENT HOLDINGS
P
2020-01-01
2021-12-31
MATCH GROUP INC
P
2020-01-01
2021-12-31
HEICO CORP COM
P
2020-01-01
2021-12-31
APPLE INC
P
2020-01-01
2021-12-31
64 SHS SITEONE LANDSCAPE
P
2019-02-14
2021-01-27
150 SHS NATL BEV CORP
P
2019-02-14
2021-01-27
239,134.327 SHS PIMCO LT CREDIT
P
2020-01-01
2021-02-22
CITIGROUP INC
P
2021-07-15
2021-11-18
SOCIETE GENERALE
P
2021-07-15
2021-12-21
CAPITAL GAINS DIVIDENDS
P
(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
498,262
502,492
-4,230
b
650,000
653,979
-3,979
c
1,000,000
1,009,653
-9,653
d
967,632
972,433
-4,801
e
1,000,000
1,034,863
-34,863
200,982
224,614
-23,632
284,581
179,499
105,082
36,050
14,378
21,672
11,338
9,661
1,677
48,196
20,915
27,281
40,000
40,000
0
40,000
40,000
0
1,666,512
1,096,525
569,987
44,538
46,059
-1,521
17
2
15
164,849
144,487
20,362
598,370
75,471
522,899
493,192
34,672
458,520
902,860
64,230
838,630
10,346
3,434
6,912
24,191
11,163
13,028
3,036,980
3,062,765
-25,785
1,000,000
1,008,865
-8,865
500,625
507,690
-7,065
74,893
74,893
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
-4,230
b
-3,979
c
-9,653
d
-4,801
e
-34,863
-23,632
105,082
21,672
1,677
27,281
0
0
569,987
-1,521
15
20,362
522,899
458,520
838,630
6,912
13,028
-25,785
-8,865
-7,065
74,893
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
2,536,564
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
...................
3
Form
990-PF
(2021)
Page 4
Form 990-PF (2021)
Page
4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
38,516
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
38,516
6
Credits/Payments:
a
2021 estimated tax payments and 2020 overpayment credited to 2021
6a
75,000
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
75,000
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
309
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
36,175
11
Enter the amount of line 10 to be:
Credited to 2022 estimated tax
36,175
Refunded
11
0
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
CA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2021)
Page 5
Form 990-PF (2021)
Page
5
Part VI-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
NONE
14
The books are in care of
FREEDMAN BRODER & COMPANY
Telephone no.
(310) 734-1234
Located at
11100 SANTA MONICA BLVD 400
LOS ANGELES
CA
ZIP+4
90025
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2021?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2021, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2021?
....................
2a
No
If "Yes," list the years
20
,
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.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2021 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2021.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021?
..
4b
No
Form
990-PF
(2021)
Page 6
Form 990-PF (2021)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
c
Organizations relying on a current notice regarding disaster assistance check
.........
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
JAMES L BROOKS
PRESIDENT
0.50
0
0
0
11100 SANTA MONICA BL 400
LOS ANGELES
,
CA
90025
WILLIAM BRODER
CFO AND SECRETARY
0.25
0
0
0
11100 SANTA MONICA BL 400
LOS ANGELES
,
CA
90025
AMY BROOKS
VICE-PRESIDENT
0.00
0
0
0
11100 SANTA MONICA BL 400
LOS ANGELES
,
CA
90025
CHLOE BROOKS
VICE-PRESIDENT
0.00
0
0
0
11100 SANTA MONICA BL 400
LOS ANGELES
,
CA
90025
COOPER BROOKS
VICE-PRESIDENT
0.00
0
0
0
11100 SANTA MONICA BL 400
LOS ANGELES
,
CA
90025
JOSEPH BROOKS
VICE-PRESIDENT
0.00
0
0
0
11100 SANTA MONICA BL 400
LOS ANGELES
,
CA
90025
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
...................
0
Form
990-PF
(2021)
Page 7
Form 990-PF (2021)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
NONE
Total
number of others receiving over $50,000 for professional services
.............
0
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
.........................
0
Form
990-PF
(2021)
Page 8
Form 990-PF (2021)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
58,347,716
b
Average of monthly cash balances
.......................
1b
6,552,665
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
64,900,381
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
64,900,381
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
973,506
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
63,926,875
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
3,196,344
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
3,196,344
2a
Tax on investment income for 2021 from Part V, line 5
.......
2a
38,516
b
Income tax for 2021. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
38,516
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
3,157,828
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
3,157,828
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
3,157,828
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
7,272,636
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
7,272,636
Form
990-PF
(2021)
Page 9
Form 990-PF (2021)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2020
(c)
2020
(d)
2021
1
Distributable amount for 2021 from Part X, line 7
3,157,828
2
Undistributed income, if any, as of the end of 2021:
a
Enter amount for 2020 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2021:
a
From 2016
......
b
From 2017
......
359,901
c
From 2018
......
d
From 2019
......
1,114,720
e
From 2020
......
7,168,425
f
Total
of lines 3a through e
........
8,643,046
4
Qualifying distributions for 2021 from Part
XI, line 4:
$
7,272,636
a
Applied to 2020, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2021 distributable amount
.....
3,157,828
e
Remaining amount distributed out of corpus
4,114,808
5
Excess distributions carryover applied to 2021.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
12,757,854
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 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2022
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2016 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2022.
Subtract lines 7 and 8 from line 6a
......
12,757,854
10
Analysis of line 9:
a
Excess from 2017
....
359,901
b
Excess from 2018
....
c
Excess from 2019
....
1,114,720
d
Excess from 2020
....
7,168,425
e
Excess from 2021
....
4,114,808
Form
990-PF
(2021)
Page 10
Form 990-PF (2021)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2021
(b)
2020
(c)
2019
(d)
2018
b
85% (0.85) of line 2a
.........
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List 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).)
JAMES L BROOKS
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2021)
Page 11
Form 990-PF (2021)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
826LA WEST
12515 VENICE BLVD
LOS ANGELES
,
CA
90066
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
25,000
ALLIANCE FOR CHILDREN'S RIGHTS
3333 WILSHIRE BLVD STE 550
LOS ANGELES
,
CA
90010
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
5,000
FUSION ACADEMY
5757 WILSHIRE BLVD PROMENADE 1
LOS ANGELES
,
CA
90036
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
25,000
AMERICAN FILM INSTITUTE
2021 NORTH WESTERN AVE
LOS ANGELES
,
CA
90027
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
25,000
BONNEVILLE ENVIRONMENTAL FOUNDATION
1500 SW 1ST AVE STE 885
PORTLAND
,
OR
97201
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
200,000
CEDARS SINAI MED CENTER
8700 BEVERLY BLVD STE 2416
LOS ANGELES
,
CA
90048
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
385,000
CENTER PACIFIC ASIAN FAMILY
3424 WILSHIRE BLVD STE 1000
LOS ANGELES
,
CA
90010
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
50,000
CENTRAL VALLEY FOOD BANK
4010 EAST AMENDOLA DRIVE
FRESNO
,
CA
93725
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
260,000
CHINESE AFFIRMATIVE ACTION
17 WALTER U LUM PLACE
SAN FRANCISCO
,
CA
94108
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
50,000
CLAYTON CHILDREN'S MUSEUM
395 SANTA MONICA PL STE 374
SANTA MONICA
,
CA
90401
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
25,000
CLEAN AIR TASK FORCE INC
114 STATE STREET 6TH FL
BOSTON
,
MA
02109
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
150,000
COVENANT HOUSE CALIFORNIA
1325 NORTH WESTERN AVE
LOS ANGELES
,
CA
90027
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
50,000
CRISIS TEXT LINE
PO BOX 1144
NEW YORK
,
NY
10159
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
75,000
DAVID SHELDRICK WILDLIFE
25283 CABOT RD STE 101
LAGUNA HILLS
,
CA
92653
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
20,000
FOOD FORWARD INC
7412 FULTON AVE STE 3
NO HOLLYWOOD
,
CA
91605
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
500,000
FUSION ACADEMY
5757 WILSHIRE BLVD PROMENADE 1
LOS ANGELES
,
CA
90036
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
80,000
HAMMER FOOD PROJECT
139 STANYAN ST
SAN FRANCISCO
,
CA
94118
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
100,000
HOPEWELL FUND
1828 L STREET NW STE 300-D
WASHINGTON
,
DC
20036
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
1,500,000
ISLAND GROWN INITIATIVE
PO BOX 622
VINEYARD HAVEN
,
MA
02568
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
10,000
JOHN HOPKINS UNIVERSITY
415 N WASHINGTON STREET
BALTIMORE
,
MD
21231
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
250,000
KENTUCKY TOY DRIVE
134 LUMBERKING DRIVE
SOMERSET
,
KY
42501
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
25,000
LA CLIPPERS FOUNDATION
1212 S FLOWER STREET 5TH FLOOR
LOS ANGELES
,
CA
90015
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
15,000
LA FAMILY HOUSING
7843 LANKERSHIM BLVD
NO HOLLYWOOD
,
CA
91605
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
75,000
LAWYERS' COMMITTEE FOR CIVIL RIGHTS UNDER LAW
1500 K STREET NW SUITE 900
WASHINGTON
,
DC
20005
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
263,750
MAYO CLINIC
200 FIRST STREET SW
ROCHESTER
,
MN
55905
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
200,000
MEALS ON WHEELS
1550 CRYSTAL DRIVE STE 1004
ARLINGTON
,
VA
22202
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
250,000
NATIONAL VOTE AT HOME INSTITUTE
PO BOX 65752
WASHINGTON
,
DC
20035
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
250,000
PARA LOS NINOS
5000 HOLLYWOOD BLVD
HOLLYWOOD
,
CA
90027
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
100,000
RHINO FOUNDATION
201 MAIN STREET STE 2600
FORT WORTH
,
TX
76102
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
20,000
SABAN COMMUNITY CLINIC
8405 BEVERLY BLVD
LOS ANGELES
,
CA
90048
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
713,880
SECOND HARVEST FOOD BANK
700 EDWARDS AVE
NEW ORLEANS
,
LA
70123
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
100,000
SHARE OUR STRENGTH
PO BOX 75475
BALTIMORE
,
MD
21275
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
250,000
WILDLIFE CONSERVATION NETWORK
209 MISSISSIPPI ST
SAN FRANCISCO
,
CA
94107
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
20,000
LA REGIONAL FOOD BANK
1734 E 41ST STREET
LOS ANGELES
,
CA
90058
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
130,006
LALELA PROJECT
5 HANOVER SQUARE STE 2103
NEW YORK
,
NY
10004
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
75,000
HAVEN ADOLESCENT COMMUNITY RESPITE CENTER
13 ROOSEVELT AVENUE
JERSEY CITY
,
NJ
07304
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
25,000
MEDICINE & FOOD FOR KID
8050 WATSON ROAD
ST LOUIS
,
MI
63119
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
200,000
PUNAHOU SCHOOL
1601 PUNAHOU STREET
HONOLULU
,
HI
96822
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
250,000
YOU GOTTA BELIEVE
3114 MERMAID AVE
BROOKLYN
,
NY
11224
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
25,000
PRIORITIES USA FOUNDATION
1030 15TH ST NW STE 950
WASHINGTON
,
DC
20005
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
100,000
PARTNERS IN HEALTH
800 BOYLSTON ST STE 300
BOSTON
,
MA
02199
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
150,000
UCLA FOUNDATION PEDIATRIC
10889 WILSHIRE BLVD STE 1200
LOS ANGELES
,
CA
90024
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
100,000
THIRD WAY INSTITUTE
1025 CONNECTICUT AVE NW STE 400
WASHINGTON
,
DC
20036
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
50,000
YOUNG EISNER SCHOLARS
3940 LAUREL CANYON BLVD 162
STUDIO CITY
,
CA
91604
NONE
PUBLIC CHARITY
SUPPORTS ORGANIZATION'S CHARITABLE PURPOSE
100,000
Total
.................................
3a
7,272,636
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2021)
Page 12
Form 990-PF (2021)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
NONE
b
c
d
e
f
g
Fees and contracts from government agencies
14
702,123
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
4
Dividends and interest from securities
....
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
............
14
74,893
2,461,671
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
777,016
2,461,671
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
3,238,687
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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.)
3
INVESTMENT INTEREST INCOME. NO RELATED ACTIVITY.
4
INVESTMENT DIVIDEND INCOME. NO RELATED ACTIVITY.
8
INVESTMENT CAPITAL GAIN INCOME. NO RELATED ACTIVITY.
Form
990-PF
(2021)
Page 13
Form 990-PF (2021)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
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.
2022-11-10
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
WILLIAM C BRODER
Preparer's Signature
Date
Check if self-
employed
PTIN
P00137499
Firm's name
FREEDMAN BRODER & COMPANY
Firm's EIN
95-4338170
Firm's address
11100 SANTA MONICA 400
LOS ANGELES
,
CA
90025
Phone no.
(310) 734-1234
Form
990-PF
(2021)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description