TY 2017 Form 990PF

- TIN:

Form990-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.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2019

Open to Public Inspection

For calendar year 2019, or tax year beginning 09-01-2017 , and ending 08-31-2018

Name of foundation
PHILIP AND JANICE LEVIN FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)975 US HIGHWAY 22 WEST
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NORTH PLAINFIELD, NJ07060

A Employer identification number

22-6075837

B Telephone number (see instructions)

(908) 755-2401

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

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 ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$26,513,447J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(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	2		2
4	Dividends and interest from securities...	493,624		493,624
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,611,973
b	Gross sales price for all assets on line 6a 15,137,916
7	Capital gain net income (from Part IV, line 2)...			1,611,973
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).......		2,454	2,454
12	Total. Add lines 1 through 11........	2,108,053		2,108,053
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).........
b	Accounting fees (attach schedule).......		10,533	0	0
c	Other professional fees (attach schedule)....		174,367	124,367	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		19,904	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		-393,555	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	-188,751		124,367	0
25	Contributions, gifts, grants paid.......	7,107,250			2,973,750
26	Total expenses and disbursements. Add lines 24 and 25	6,918,499		124,367	2,973,750
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-4,810,446
b	Net investment income (if negative, enter -0-)			1,983,686
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2019)

Form 990-PF (2019)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	12,806	32,388	32,388
	2	Savings and temporary cash investments.........	644,340	323,361	323,361
	3	Accounts receivable 16,826
		Less: allowance for doubtful accounts	38,152	16,826	16,826
	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..........	12,041
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	9,950,768	11,920,000	15,293,493
	c	Investments—corporate bonds (attach schedule).......	3,235,703	1,663,556	1,632,840
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	9,154,320	8,170,136	9,214,539
	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)	23,048,130	22,126,267	26,513,447
	17	Accounts payable and accrued expenses..........	10,500	13,677
	18	Grants payable.................	1,643,153	5,488,968
	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).........	1,653,653	5,502,645
		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........
	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).....	21,394,477	16,623,622
	30	Total liabilities and net assets/fund balances (see instructions).	23,048,130	22,126,267

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

21,394,477

Enter amount from Part I, line 27a .....................

-4,810,446

Other increases not included in line 2 (itemize) bullet

39,591

Add lines 1, 2, and 3 ..........................

16,623,622

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

16,623,622

Form 990-PF (2019)

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	ALL PUBLICLY TRADED SECURITIES
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	15,137,916	13,525,943	1,611,973
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,611,973
b
c
d
e

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	1,611,973
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

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2018	3,038,026	26,785,702	0.113420
2017	2,875,820	28,158,189	0.102131
2016	2,153,284	30,611,032	0.070343
2015	2,479,983	31,693,495	0.078249
2014	2,450,039	32,615,599	0.075119

Total of line 1, column (d) .....................

0.439262

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.087852

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

26,292,213

Multiply line 4 by line 3......................

2,309,823

Enter 1% of net investment income (1% of Part I, line 27b)...........

19,837

Add lines 5 and 6........................

2,329,660

Enter qualifying distributions from Part XII, line 4,.............

2,973,750

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2019)

Page 4

Part VI

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	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	19,837
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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	19,837
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	19,837
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	16,741
b	Exempt foreign organizations—tax withheld at source......	6b
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	16,741
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	67
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	3,163
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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 XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 . Click to see attachment

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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

THE FOUNDATION Telephone no. bullet

(908) 755-2401

Located at bullet

975 US HIGHWAY 22 WESTNORTH PLAINFIELDNJ ZIP+4 bullet

07060

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2019, 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 bullet

Part VII-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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2019?.............

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)):

At the end of tax year 2019, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2019?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2019 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 2019.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2019?

Form 990-PF (2019)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

Part VIII

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
ADAM LEVIN	PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	PRESIDENT 1.00	0	0	0
WILLIAM FARBER	V. PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	V. PRESIDENT 1.00	0	0	0
ARIELLE TEPPER MADOVER	V. PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	V. PRESIDENT 1.00	0	0	0
MAUREEN MOONEY	SECRETARY 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	SECRETARY 1.00	0	0	0
MATTHEW K HARDING	V. PRESIDENT 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	V. PRESIDENT 1.00	0	0	0
STACY A GARRITY	ASSISTANT SECRETARY 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	ASSISTANT SECRETARY 1.00	0	0	0
PAUL TAVAGLIONE	TREASURER 1.00	0	0	0
975 US HIGHWAY 22 WEST N PLAINFIELD,NJ07060	TREASURER 1.00	0	0	0

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 (2019)

Page 7

Part VIII

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............. bullet

Part IX-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 IX-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......................... bullet

Form 990-PF (2019)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

26,152,645

Average of monthly cash balances.......................

506,448

Fair market value of all other assets (see instructions)................

33,509

Total (add lines 1a, b, and c).........................

26,692,602

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

26,692,602

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

400,389

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

26,292,213

Minimum investment return. Enter 5% of line 5..................

1,314,611

Part XI

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.)

Minimum investment return from Part X, line 6....................

1,314,611

Tax on investment income for 2019 from Part VI, line 5......

19,837

Income tax for 2019. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

19,837

Distributable amount before adjustments. Subtract line 2c from line 1............

1,294,774

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,294,774

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,294,774

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,973,750

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

2,973,750

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

19,837

Adjusted qualifying distributions. Subtract line 5 from line 4..............

2,953,913

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2019)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2018	(c) 2018	(d) 2019
1 Distributable amount for 2019 from Part XI, line 7					1,294,774
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	850,961
b From 2015......	926,009
c From 2016......	653,744
d From 2017......	1,487,065
e From 2018......	1,717,529
fTotal of lines 3a through e........		5,635,308
4Qualifying distributions for 2019 from Part
XII, line 4: $ 2,973,750
a Applied to 2018, 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 2019 distributable amount.....					1,294,774
e Remaining amount distributed out of corpus		1,678,976
5 Excess distributions carryover applied to 2019.		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		7,314,284
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 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					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 2014 not applied on line 5 or line 7 (see instructions) ...		850,961
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		6,463,323
10 Analysis of line 9:
a Excess from 2015....	926,009
b Excess from 2016....	653,744
c Excess from 2017....	1,487,065
d Excess from 2018....	1,717,529
e Excess from 2019....	1,678,976

Form 990-PF (2019)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-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 2019, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, 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 X, 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 XV

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 bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

PHILIP JANICE LEVIN FOUNDATION
975 US HIGHWAY 22 WEST
NORTH PLAINFIELD,NJ07060
(908) 755-2401

bThe form in which applications should be submitted and information and materials they should include:

BY LETTER ONLY

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2019)

Page 11

Part XV

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
THE PUBLIC THEATER 425 LAFAYETTE AVENUE NEW YORK,NY10003	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	815,000
FRIENDS OF THE HIGHLINE 529 WEST 20TH STREET SUITE 8W NEW YORK,NY10011	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	380,000
NYU SCHOOL OF MEDICINE 550 1ST AVENUE NEW YORK,NY10016	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	300,000
THIRTEENWNET 450 WEST 33RD STREET NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	275,000
RUTGERS UNIVERSITY 7 COLLEGE AVENUE NEW BRUNSWICK,NJ08901	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	200,000
WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE NEW YORK,NY10021	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	105,000
FRIENDS OF THE HUDSON RIVER PARK 305 7TH AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	100,000
LUZERNE MUSIC CENTER PO BOX 39 LAKE LUZERNE,NY12846	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	58,500
AMERICAN RED CROSS PO BOX 37839 BOONE,IA50037	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
CENTER FOR DUCHENNE MUSCULAR DYSTROPHY AT UCLA 615 CHARLES E YOUNG DRIVE LOS ANGELES,CA90095	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
HOUSTON FOOD BANK 535 PORTWALL STREET HOUSTON,TX77029	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
MEDIA MATTERS FOR AMERICA 455 MASSACHUSETTS AVENUE SUITE 600 WASHINGTON,DC20001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
NY PRESBYTERIAN FUND 850 THIRD AVENUE NEW YORK,NY10022	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
RIVERVIEW MEDICAL CENTER FOUNDATION 1340 CAMPUS PARKWAY NEPTUNE,NJ07753	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
SCHOOL OF AMERICAN BALLET 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
TEL AVIV-YAFO FOUNDATION 1201 BROADWAY NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
US HOLOCAUST MEMORIAL COUNCIL 100 RAOUL WALLENBERG PLACE SW WASHINGTON,DC20024	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
CHILDREN OF THE FALLEN PATRIOTS FOUNDATION 419 THIRD STREET NORTH JACKSONVILLE BEACH,FL32250	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
DREAM YARD C/O 40 VANDERBURGH AVENUE LARCHMONT,NY10538	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
HARVARD UNIVERSITY 124 MT AUBURN STREET CAMBRIDGE,MA02138	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
IDENTITY THEFT RESOURCE CENTER PO BOX 26833 SAN DIEGO,CA92196	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
LINCOLN CENTER FOR THE PERFORMING ARTS INC 70 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
MONMOUTH COUNTY SPCA PO BOX 93 EATONTOWN,NJ07724	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	25,000
CITY MEALS ON WHEELS 355 LEXINGTON AVENUE NEW YORK,NY10017	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	20,000
COMMON CAUSE EDUCATION FUND 1133 19TH STREET NW 9TH FL WAHSHINGTON,DC20036	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	20,000
NATIONAL CONSUMER'S LEAGUE 1701 K STREET NW SUITE 1200 WASHINGTON,DC20006	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	15,000
THE UNIVERSITY OF GEORGIA FOUNDATION 120 HOOPER STREET ATHENS,GA30602	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	15,000
CHILDREN'S MUSEUM OF THE EAST END PO BOX 3016 BRIDGEHAMPTON,NY11932	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
DEMOS DEVELOPMENT 220 FIFTH AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
FIRST STAR 2049 CENTURY PARK EAST 4320 LOS ANGELES,CA90067	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
NEW YORK CARES 65 BROADWAY NEW YORK,NY10006	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
PARTNERSHIP FOR A NEW AMERICAN ECONOMY 909 THIRD AVENUE 15FL NEW YORK,NY10022	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
POINT FOUNDATION 1357 BROADWAY SUITE 401 NEW YORK,NY10018	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	10,000
FULFILL 3300 ROUTE 66 NEPTUNE,NJ07753	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	5,250
ENCOURAGE KIDS FOUNDATION 1560 BROADWAY SUITE 600 NEW YORK,NY10036	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	5,000
Total ................................. 3a				2,973,750

bApproved for future payment
COMMON CAUSE EDUCATION FUND 1133 19TH STREET NW 9TH FL WAHSHINGTON,DC20036	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	40,000
NY PRESBYTERIAN FUND 850 THIRD AVENUE NEW YORK,NY10022	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
NYU SCHOOL OF MEDICINE 550 1ST AVENUE NEW YORK,NY10016	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	300,000
RUTGERS UNIVERSITY 7 COLLEGE AVENUE NEW BRUNSWICK,NJ08901	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	400,000
RUTGERS UNIVERSITY 7 COLLEGE AVENUE NEW BRUNSWICK,NJ08901	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	400,000
THE PUBLIC THEATER 425 LAFAYETTE AVENUE NEW YORK,NY10003	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	4,500,000
WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE NEW YORK,NY10021	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
THIRTEENWNET 450 WEST 33RD STREET NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	75,000
WHITNEY MUSEUM OF AMERICAN ART 945 MADISON AVENUE NEW YORK,NY10021	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
HARVARD UNIVERSITY 124 MT AUBURN STREET CAMBRIDGE,MA02138	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	50,000
DEMOS DEVELOPMENT 220 FIFTH AVENUE NEW YORK,NY10001	NONE	PUBLIC CHARITY	GENERAL CONTRIBUTION	20,000
Total ................................. 3b				5,935,000

Form 990-PF (2019)

Page 12

Part XVI-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	(e) Related or exempt function income (See instructions.)
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	2
4 Dividends and interest from securities....			14	493,624
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	2,454
8 Gain or (loss) from sales of assets other than inventory ............			18	1,611,973
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		2,108,053	0

13Total. Add line 12, columns (b), (d), and (e)..................

2,108,053

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-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 XVI-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 (2019)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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

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.
				May the IRS discuss this return with the preparer shown below (see instr.) Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2019)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2017 AccountingFeesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	10,533	0		0

- TIN:

TY 2017 ExplnOfNonFilingWithAGStmt

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Statement:

THE FOUNDATION IS EXEMPT FROM REGISTRATION IN THE STATE OF NEW JERSEY.

- TIN:

TY 2017 InvestmentsCorpBondsSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Name of Bond	End of Year Book Value	End of Year Fair Market Value
GS HIGH YIELD FUND CLASS P	359,299	350,072
ORACLE CORPORATION 5.0% 07/08/2019 USD SR LIEN	51,158	51,002
LOCKHEED MARTIN CORPORATION 3.35% 09/15/2021 USD SR LIEN	50,615	50,325
BANK OF NY MELLON CORP MTN 3.5% 04/28/2023 USD SR LIEN	49,946	50,244
AMAZON.COM INC 3.3% 12/05/2021 USD SR LIEN	50,685	50,404
NOVARTIS CAPITAL CORPORATION 3.4% 05/06/2024 USD SR LIEN	50,258	50,141
JPMORGAN CHASE & CO 1.85% 03/22/2019 SR LIEN	49,968	49,826
S&P GLOBAL INC. 3.3% 08/14/2020 USD SR LIEN	50,431	50,131
BB&T CORPORATION MTN 2.75% 04/01/2022 USD SR LIEN	49,907	49,129
THE HOME DEPOT, INC. 2.625% 06/01/2022 USD SR LIEN	49,816	49,294
AMERICAN EXPRESS COMPANY 3.4% 02/27/2023 USD SR LIEN	49,955	49,590
AVALONBAY COMMUNITIES, INC. MTN 2.85% 03/15/2023 USD SR LIEN	50,743	48,692
APPLE INC. 2.85% 05/11/2024 USD SR LIEN	49,953	48,861
COSTCO WHOLESALE CORP 2.75% 05/18/2024 USD SR LIEN	50,253	48,753
CANADIAN NATL RAILWAY 2.95% 11/21/2024 USD SR LIEN	51,168	48,666
UNITED PARCEL SERVICE, INC. 2.8% 11/15/2024 USD SR LIEN	49,799	48,347
NATIONAL RURAL UTIL COOP MTN 2.3% 09/15/2022 USD SR LIEN	49,990	48,203
MARRIOTT INTERNATIONAL 2.3% 01/15/2022 USD SR LIEN	48,518	48,234
CISCO SYSTEMS INC 2.2% 09/20/2023 USD SR LIEN	49,897	47,849
ANADARKO PETROLEUM CORPCOUPON 5.55% MATURE 03/15/2026(AX2K8)	49,766	50,542
ANHEUSER-BUSCH INBEV FINANCE INCCOUPON 3.65% MATURE 02/01/2026(D2Z5Y)	49,004	46,027
CANADIAN NATURAL RESOURCES LTDCOUPON 3.45% MATURE 11/15/2021(CNL22)	49,891	50,931
CELGENE CORPCOUPON 3.63% MATURE 05/15/2024(BQL24)	49,515	47,442
DISH DBS CORPCOUPON 5.13% MATURE 05/01/2020(B1P7V)	50,129	50,250
JPMORGAN CHASE & CO 6.0000% FXT TO 082023 VAR THEREAFTERCOUPON 6.00%MATURE	49,944	50,029
TIME WARNER INCCOUPON 4.88% MATURE 03/15/2020(UR169)	52,327	51,237
WELLS FARGO & CO 5.8945% FXT TO 032018 VAR THEREAFTERCOUPON 6.11%MATURE 08/	50,621	48,619

- TIN:

TY 2017 InvestmentsCorpStockSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACCENTURE PLC-CL A	1,738	3,720
ADOBE INC.	479	3,953
AGILENT TECHNOLOGIES INC	1,000	1,486
ALLEGION PLC	1,476	2,006
ALLERGAN PLC	4,563	4,026
ALPHABET INC/CA-CL A	1,142	4,927
ALPHABET INC/CA-CL C	3,330	10,964
AMAZON.COM INC	2,531	14,089
AMERICAN EXPRESS CO	1,424	1,484
AMERICAN INTERNATIONAL GROUP	2,894	2,712
ANALOG DEVICES INC	1,015	1,582
APPLE INC	762	13,658
APTIV PLC	2,193	2,464
BANK OF AMERICA CORP	2,114	6,928
BANK OF NEW YORK MELLON CORP	1,814	1,982
BERKSHIRE HATHAWAY INC-CL B	2,476	3,131
BIOGEN INC	138	1,060
BOSTON SCIENTIFIC CORP	2,313	3,983
BRISTOL-MYERS SQUIBB CO	1,992	3,149
BROADCOM INC	707	4,819
CELGENE CORP	511	1,700
CHARTER COMMUNICATIONS INC-A	2,994	4,035
CHUBB LTD	1,453	3,922
CITIGROUP INC	2,236	5,557
COCA-COLA CO/THE	2,406	2,407
COMCAST CORP-CLASS A	472	1,997
DELTA AIR LINES INC	1,765	1,930
DIAMONDBACK ENERGY INC	1,349	1,574
DOLLAR TREE INC	1,838	1,610
DOWDUPONT INC	5,425	6,732
EASTMAN CHEMICAL CO	1,455	2,232
ELI LILLY & CO	2,654	3,803
EOG RESOURCES INC	3,689	5,557
ESTEE LAUDER COMPANIES-CL A	1,602	1,681
FACEBOOK INC-A	2,395	5,623
FIDELITY 500 INDEX FD-AI	2,205,707	2,459,427
FIDELITY NATIONAL INFO SERV	1,801	3,137
GENERAL DYNAMICS CORP	1,974	2,514
GILEAD SCIENCES INC	1,332	1,136
GOLDMAN SACHS GROUP INC	1,466	2,378
HARTFORD FINANCIAL SVCS GRP	876	1,511
HOME DEPOT INC	912	5,421
HONEYWELL INTERNATIONAL INC	1,850	6,999
INTERCONTINENTAL EXCHANGE IN	986	1,296
JPMORGAN LARGE CAP GROW-R6	54,400	112,945
KEYCORP	1,011	2,002
LOWE'S COS INC	610	3,480
MARATHON PETROLEUM CORP	3,013	3,292
MASCO CORP	673	2,240
MASTERCARD INC-CLASS A	959	8,407
MEDTRONIC PLC	2,885	3,374
MERCK & CO. INC.	2,769	3,018
MICROCHIP TECHNOLOGY INC	1,303	1,549
MICROSOFT CORP	2,133	15,726
MONDELEZ INTERNATIONAL INC-A	1,628	3,204
MORGAN STANLEY	2,609	6,201
NEXTERA ENERGY INC	2,482	2,892
NISOURCE INC	667	1,868
NORFOLK SOUTHERN CORP	3,858	4,868
NORTHROP GRUMMAN CORP	2,745	3,582
NVIDIA CORP	2,476	3,368
OCCIDENTAL PETROLEUM CORP	4,376	6,150
ORACLE CORP	3,002	2,866
O'REILLY AUTOMOTIVE INC	2,515	3,354
PARKER HANNIFIN CORP	1,874	1,580
PARNASSUS CORE EQUITY FD-INS	86,328	157,017
PARSLEY ENERGY INC-CLASS A	1,240	1,083
PAYPAL HOLDINGS INC	1,893	2,031
PEPSICO INC	3,893	4,592
PFIZER INC	4,502	5,605
PHILIP MORRIS INTERNATIONAL	2,133	1,480
PIONEER NATURAL RESOURCES CO	2,202	3,145
PVH CORP	1,707	1,575
SALESFORCE.COM INC	1,815	2,290
SCHWAB (CHARLES) CORP	1,130	2,133
SPDR S&P 500 ETF TRUST	958,705	1,445,744
STANLEY BLACK & DECKER INC	2,156	3,373
SVB FINANCIAL GROUP	1,082	2,905
TEXAS INSTRUMENTS INC	1,893	4,271
TWENTY-FIRST CENTURY FOX-A	1,736	2,633
UNION PACIFIC CORP	3,134	4,820
UNITED TECHNOLOGIES CORP	1,827	1,976
UNITEDHEALTH GROUP INC	1,465	10,470
VERTEX PHARMACEUTICALS INC	300	2,028
VISA INC-CLASS A SHARES	1,679	3,232
WALT DISNEY CO/THE	5,059	5,937
WASTE CONNECTIONS INC	1,349	2,144
WELLS FARGO & CO	2,257	5,380
WEX INC	1,101	2,283
WORKDAY INC-CLASS A	825	1,545
WORLDPAY INC CL A	1,081	1,461
ZIMMER HOLDINGS INC	3,700	4,080
SPDR S&P 500 ETF TRUST	3,529,144	4,668,185
COCA-COLA COMPANY (THE) CMN	53,262	51,345
MICROSOFT CORPORATION CMN	13,826	51,110
ALPHABET INC. CMN CLASS C	24,600	49,946
ANALOG DEVICES, INC. CMN	40,473	43,099
CISCO SYSTEMS, INC. CMN	29,663	42,276
AMAZON.COM INC CMN	11,778	42,267
BERKSHIRE HATHAWAY INC. CLASS B	20,906	41,744
MEDTRONIC PUBLIC LIMITED COMPA CMN	33,703	40,299
CITIGROUP INC. CMN	26,954	37,045
UNITEDHEALTH GROUP INCORPORATE CMN	6,335	29,531
ALPHABET INC. CMN CLASS A	23,175	28,331
ORACLE CORPORATION CMN	25,335	27,448
WELLS FARGO & CO (NEW) CMN	26,369	27,193
TWENTY-FIRST CENTURY FOX, INC. CMN CLASS B	21,174	27,389
SHERWIN-WILLIAMS CO CMN	20,815	24,601
AON PLC CMN	7,818	24,017
LIBERTY GLOBAL, PLC. CMN CLASS C	22,249	23,301
MOTOROLA SOLUTIONS INC CMN	14,386	21,179
DXC TECHNOLOGY COMPANY CMN	17,207	20,495
LIBERTY BROADBAND CORP CMN CLASS C	18,156	20,273
BECTON, DICKINSON AND COMPANY CMN	16,377	19,902
VULCAN MATERIALS CO CMN	21,885	19,612
EBAY INC. CMN	20,805	19,451
THERMO FISHER SCIENTIFIC INC CMN	4,265	19,128
AIRBUS S.E. ADR CMN	18,074	19,008
LOWES COMPANIES INC CMN	15,468	18,814
COMCAST CORPORATION CMN CLASS A VOTING	16,746	18,421
MARRIOTT INTERNATIONAL, INC CMN CLASS A	9,487	18,338
JPMORGAN CHASE & CO CMN	13,505	17,187
GENERAL MOTORS COMPANY CMN	17,023	17,124
MOLSON COORS BREWING CO CMN CLASS B	22,015	17,019
SKYWORKS SOLUTIONS, INC. CMN	18,241	17,073
BERKSHIRE HATHAWAY INC. CLASS B	14,006	15,863
ABBOTT LABORATORIES CMN	14,730	15,641
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	13,311	15,360
AUTOZONE, INC. CMN	12,231	15,338
DISH NETWORK CORPORATION CMN CLASS A	20,324	15,024
JPMORGAN CHASE & CO CMN	13,738	14,552
ARMSTRONG WORLD INDUSTRIES, INC CMN	12,984	13,471
GENERAL DYNAMICS CORP. CMN	13,272	13,151
ECOLAB INC. CMN	10,599	12,640
APTIV PLC CMN	12,000	12,497
WESTINGHOUSE AIR BRAKE TECHNOL CMN	8,757	12,240
TRIPADVISOR, INC. CMN	7,032	12,220
BANK OF AMERICA CORP CMN	7,149	12,217
BOSTON SCIENTIFIC CORP. COMMON STOCK	8,961	11,628
AFFILIATED MANAGERS GROUP INC CMN	11,212	9,934
KENNAMETAL INC. CMN	10,566	9,802
BARCLAYS PLC,AMER DEP SHS ADR CMN	11,318	9,360
AERCAP HOLDINGS NV ORD CMN	8,427	9,400
MOHAWK INDUSTRIES INC COMMON STOCK	9,899	9,388
BANK OF AMERICA CORP CMN	8,955	9,310
MC DONALDS CORP CMN	8,824	8,923
FEDEX CORPORATION CMN	8,109	8,538
STEEL DYNAMICS, INC. CMN	8,374	8,231
SENSIENT TECHNOLOGIES CORP CMN	8,133	8,167
MORGAN STANLEY CMN	3,599	7,569
UNIVERSAL HEALTH SVC CL B CMN CLASS B	6,947	7,549
W.R. BERKLEY CORPORATION CMN	3,250	7,043
COCA-COLA COMPANY (THE) CMN	6,735	7,042
WORLD WRESTLING ENTERTAINMENT CMN CLASS A	3,536	6,556
D.R. HORTON, INC. CMN	6,181	6,409
INTL BUSINESS MACHINES CORP CMN	6,564	6,299
CSX CORPORATION CMN	4,392	5,933
OLD DOMINION FGHT LINES INC CMN	5,580	5,944
CONSTELLATION BRANDS INC CMN CLASS A	6,230	5,830
NOBLE ENERGY INC CMN	8,093	5,795
ANALOG DEVICES, INC. CMN	4,822	5,239
INTEL CORPORATION CMN	5,272	4,988
REGIONS FINANCIAL CORPORATION CMN	4,686	5,001
ANADARKO PETROLEUM CORP CMN	3,974	4,830
PBF ENERGY INC CMN	3,821	4,102
KANSAS CITY SOUTHERN CMN	3,670	3,943
CARMAX, INC. CMN	3,065	3,903
CHECK POINT SOFTWARE TECH. LTD ORDINARY SHARES	3,162	3,718
PIONEER NATURAL RESOURCES CO CMN	3,271	3,319
PPG INDUSTRIES, INC. CMN	3,117	3,095
SCHLUMBERGER LTD CMN	2,597	2,590
PERSPECTA INC. CMN	2,161	2,349
BJ'S WHOLESALE CLUB HOLDINGS, CMN	1,951	2,301
IMPERVA INC CMN	1,991	1,933
TECHNIPFMC PLC CMN	1,818	1,899
BEIERSDORF AG UNSPONSORED ADR CMN	1,661	1,727
LIBERTY LATIN AMERICA LTD. CMN CLASS C	1,935	1,708
BRIGHTSPHERE INVESTMENT GROUP CMN	1,937	1,574
ANDEAVOR CMN	1,446	1,528
ROYAL DUTCH SHELL PLC SPONSORED ADR CMN SERIES A	1,400	1,435
BP P.L.C. SPONSORED ADR CMN	1,315	1,415
VEON LTD. ADR CMN	953	1,064
WESTERN ALLIANCE BANCORP CMN	287	138
APPLE INC	64,198	154,561
ABBOTT LABORATORIES	86,313	92,573
ANALOG DEVICES INC	80,412	95,390
AMGEN INC	76,572	93,911
ADVANSIX INC	367	812
BANK OF AMERICA CORP	62,053	123,070
BOSTON SCIENTIFIC CORP	67,239	82,144
ANHEUSER BUSCH INBEV SA SPON	52,126	45,589
CITIGROUP INC NEW	68,645	81,712
CHUBB LTD	85,867	89,799
CHINA TELECOM LTD	58,505	57,820
COMCAST CORP (NEW) CLASS A	70,146	84,559
ROCKWELL COLLINS INC	80,568	108,488
COSTCO WHOLESALE CORP NEW	53,009	73,902
CISCO SYS INC	108,084	128,501
COGNIZANT TECH SOLUTIONS CL A	77,285	107,763
DIAGEO PLC SPON ADR NEW	104,799	131,603
DANAHER CORPORATION	73,647	99,295
WALT DISNEY CO HLDG CO	58,634	59,371
DOWDUPONT INC	101,026	100,566
EXELON CORP	70,889	87,945
FACEBOOK INC CL-A	70,324	114,400
FOMENTO ECONOMICO MEXICANO	87,489	86,292
ALPHABET INC CL C	95,319	158,365
HDFC BANK LTD ADR	67,611	65,015
HONEYWELL INTERNATIONAL INC	102,602	138,223
INTL BUSINESS MACHINES CORP	101,944	95,944
IQVIA HOLDINGS INC	87,760	106,756
JOHNSON & JOHNSON	76,659	75,157
JPMORGAN CHASE & CO	69,302	127,528
MONDELEZ INTL INC COM	84,806	85,611
MICROSOFT CORP	63,056	130,190
NEXTERA ENERGY INC	68,722	73,994
NATIONAL GRID PLC SPON ADR	84,732	70,967
NOVARTIS AG ADR	87,839	87,659
ORACLE CORP	78,840	93,225
OCCIDENTAL PETROLEUM CORP DE	64,076	74,918
PFIZER INC	103,606	130,207
PAYPAL HLDGS INC COM	115,609	129,724
RAYTHEON CO (NEW)	69,806	106,700
CHARLES SCHWAB NEW	84,952	105,186
SUMITOMO MITSUI FINL GROUP INC	74,993	80,746
SCHNEIDER NATIONAL INC CL B	88,397	89,995
THERMO FISHER SCIENTIFIC	70,070	113,573
T-MOBILE US INC COM	70,136	115,636
UNITEDHEALTH GP INC	103,122	105,773
VISA INC CL A	89,540	107,964
WELLS FARGO & CO NEW	64,511	74,562
XILINX INC	89,180	103,670
ISHARES BROAD USD INV GRD CORP	59,635	57,824

- TIN:

TY 2017 InvestmentsOtherSchedule2

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMG MG PICTET INTL-Z	AT COST	368,462	387,832
DODGE & COX INCOME FD	AT COST	211,295	209,441
DODGE & COX INTL STOCK FD	AT COST	418,966	461,807
ISHARES CORE MSCI EAFE ETF	AT COST	865,975	864,927
ISHARES MSCI EAFE INDEX FUND	AT COST	255,776	287,609
JPMORGAN BETABUILDERS CANADA ETF	AT COST	96,023	96,425
JPMORGAN BETABUILDERS JAPAN - ETF ISIN US46641Q7126 SEDOL BDR8GR6	AT COST	178,243	182,003
JPMORGAN GL RES ENH IDX-R6	AT COST	468,292	575,583
METROPOLITAN WEST T/R BD-PLN	AT COST	194,541	192,577
OAKMARK INTERNATIONAL-INST	AT COST	353,205	356,783
PIMCO INVESTMENT GRADE CORPORATE BOND FUND	AT COST	200,000	196,501
PIMCO SHORT-TERM FD-INSTL	AT COST	98,120	98,241
VANGUARD SHORT-TERM BOND ETF	AT COST	196,861	197,291
VANGUARD TOTAL BOND MARKET INDEX FUND-ADM	AT COST	389,321	378,938
VANGUARD TOTAL INTL BND-ADM	AT COST	689,466	690,172
NON-US EQUITY MANAGERS: PORTFOLIO 4 OFFSHORE L.P.	AT COST	1,210,000	1,953,928
ISHARES TRUST-ISHARES CURRENCY HEDGED MSCI EAFE ETF	AT COST	616,893	630,481
WELLS FARGO EMERG MRKTS EQUITY FUND - CLASS INST	AT COST	228,840	230,740
GS TACTICAL TILT OVERLAY FUND CLASS P	AT COST	200,000	199,798
HEDGE FUND OPPORTUNITIES LTD CLASS A SERIES 1 (II)	AT COST	250,000	365,884
US BANCORP-F 6.5% FLTS 1/15/22	AT COST	50,033	46,167
ISHARES CMBS ETF	AT COST	73,720	69,865
ISHARES INC MSCI JAPAN ETF	AT COST	147,912	143,862
ISHARES MSCI SPAIN ETF	AT COST	72,613	63,839
ISHARES FLOATING RATE BD ETF	AT COST	204,824	205,312
FIRST TRUST HIGH INC LONG/SHOR	AT COST	56,735	58,302
ISHARES MBS ETF	AT COST	74,020	70,231

- TIN:

TY 2017 OtherExpensesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CHANGE IN PRESENT VALUE OF FUTURE GRANTS	-396,184	0		0
INSURANCE	2,000	0		0
MISCELLANEOUS	629	0		0

- TIN:

TY 2017 OtherIncomeSchedule2

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
SECURITIES LITIGATION SETTLEMENTS	2,454	2,454	2,454

- TIN:

TY 2017 OtherIncreasesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Description	Amount
ADJUST AMORTIZED COST BASIS OF INVESTMENTS	39,591

- TIN:

TY 2017 OtherProfessionalFeesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENTS MANAGEMENT AND ADVISORY FEES	124,367	124,367		0
MANAGEMENT FEES	50,000	0		0

- TIN:

TY 2017 TaxesSchedule

Name:

PHILIP AND JANICE LEVIN FOUNDATION

EIN:

22-6075837

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	19,904	0		0