Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
The Butz Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 149
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Adamstown, MD21710
A Employer identification number

45-1448807
B Telephone number (see instructions)

(301) 607-4399
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,991,895J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,114 1,114  
4 Dividends and interest from securities... 111,069 111,069  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 191,019
b Gross sales price for all assets on line 6a 2,471,659
7 Capital gain net income (from Part IV, line 2)... 191,019
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 303,202 303,202 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... 0      
c Other professional fees (attach schedule).... 21,052 21,052    
17 Interest............... 2,138 2,138    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,403     2,403
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 0      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,593 23,190   2,403
25 Contributions, gifts, grants paid....... 197,951 0
26 Total expenses and disbursements. Add lines 24 and 25 223,544 23,190   2,403
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 79,658
b Net investment income (if negative, enter -0-) 280,012
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 146,232 105,242 105,242
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,479,265 Click to see attachment3,599,913 3,886,653
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,625,497 3,705,155 3,991,895
Liabilities 17 Accounts payable and accrued expenses.......... 71,000 71,000
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 71,000 71,000
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 3,722,866 3,722,866
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds -168,369 -88,711
30 Total net assets or fund balances (see instructions)..... 3,554,497 3,634,155
31 Total liabilities and net assets/fund balances (see instructions). 3,625,497 3,705,155
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,554,497
2
Enter amount from Part I, line 27a .....................
2
79,658
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,634,155
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,634,155
Form 990-PF (2018)
Form 990-PF (2018)
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 Chilton Strategic European Equities P 2018-01-23 2018-11-20
b Dodge & Cox Intl Stock FD P 2017-12-21 2018-01-23
c Doubleline Totl Ret BND-1 P 2018-01-01 2018-08-29
d GMO SGM Major Markets P 2018-01-23 2018-11-14
e JPMorgan Core Bond P 2018-01-01 2018-11-14
JPMorgan US L/C P 2017-12-21 2018-01-23
Lord Abbett SHRT P 2018-11-14 2018-12-21
MFS Intl Value P 2017-12-15 2018-01-23
Pimco Short Term FD P 2018-01-23 2018-02-08
Pimco Short Term FD P 2018-01-23 2018-10-16
SPDR S&P ETF Trust P 2018-01-23 2018-11-14
Vanguard Short Term Bd P 2018-06-06 2018-10-01
American Beacon GLG TR P 2017-06-29 2018-11-14
AQR Long Short Equity P 2017-06-29 2018-07-12
AQR Long Short Equity P 2017-06-29 2018-11-14
Diamond Hill P 2017-06-29 2018-07-12
Diamond Hill P 2017-06-29 2018-11-14
Dodge & Cox P 2017-06-29 2018-01-23
Dodge & Cox P 2017-06-29 2018-10-16
Dodge & Cox P 2017-06-29 2018-11-14
Doubleline Totl Ret BD P 2017-06-29 2018-08-29
Equinox FDS TR P 2017-06-29 2018-11-14
Equinox Campbell Strategy P 2013-11-15 2018-07-12
Ishares MSCI EAFE Index FD P 2017-05-09 2018-06-06
Ishares MSCI EAFE Index FD P 2017-05-09 2018-11-14
Ishares JP Morgan EM Bond P 2016-07-13 2018-02-13
JPMorgan Core Bond P 2017-04-09 2018-11-14
JPMorgan GL Res P 2014-12-23 2018-01-23
JPMorgan GL Res P 2014-12-23 2018-10-16
JPMorgan GL Res P 2014-12-23 2018-11-14
JPMorgan US L/C Core P 2014-12-23 2018-01-23
JPMorgan US L/C Core P 2013-05-17 2018-08-23
JPMorgan US L/C Core P 2018-05-17 2018-10-16
MFS Intl Value P 2013-05-17 2018-01-23
MFS Intl Value P 2013-05-17 2018-11-14
NB High Income Bond P 2013-05-17 2018-02-14
Oakmark International P 2013-11-15 2018-01-23
Oakmark International P 2013-11-15 2018-10-16
Oakmark International P 2013-11-15 2018-11-14
Parnassus Core Equity FD P 2015-04-10 2018-01-23
Parnassus Core Equity FD P 2015-04-10 2018-10-16
Parnassus Core Equity FD P 2015-04-10 2018-11-14
Pimco Unconstrained BD P 2016-10-14 2018-11-14
SPDR S&P 500 ETF P 2015-04-10 2018-11-14
Dodge & Cox P 2011-07-14 2018-11-14
JPMorgan US L/C P 2008-01-28 2018-10-16
JPMorgan US L/C P 2008-01-28 2018-11-14
MFS Intl Value P 2011-11-22 2018-11-14
(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 38,249 0 45,252 -7,003
b 4,895 0 4,486 409
c 2,865 0 2,894 -29
d 43,554 0 45,072 -1,518
e 75,886 0 76,846 -960
29,857 0 27,664 2,193
38,332 0 38,425 -93
4,818 0 4,534 284
23,637 0 23,589 48
43,678 0 43,568 110
75,652 0 79,323 -3,671
42,417 0 42,538 -121
40,176 0 40,587 -411
12,635 0 13,653 -1,018
40,736 0 44,161 -3,425
17,476 0 17,449 27
43,495 0 40,388 3,107
21,502 0 16,343 5,159
105,061 0 93,929 11,132
14,486 0 13,239 1,247
77,946 0 81,546 -3,600
36,662 0 39,655 -2,993
39,027 0 41,609 -2,582
81,457 0 74,875 6,582
312,694 0 285,284 27,410
39,398 0 41,109 -1,711
57,531 0 60,379 -2,848
55,555 0 43,152 12,403
42,454 0 34,756 7,698
120,695 0 100,020 20,675
25,445 0 21,720 3,725
17,730 0 14,541 3,189
17,723 0 14,718 3,005
29,671 0 20,374 9,297
17,824 0 13,046 4,778
84,309 0 78,220 6,089
16,084 0 13,938 2,146
95,949 0 103,276 -7,327
22,604 0 25,568 -2,964
47,357 0 43,068 4,289
28,132 0 25,420 2,712
108,756 0 98,709 10,047
76,991 0 75,916 1,075
104,021 0 91,822 12,199
11,069 0 9,667 1,402
37,802 0 22,870 14,932
102,789 0 65,974 36,815
44,578 0 25,469 19,109
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 0 0 0 -7,003
b 0 0 0 409
c 0 0 0 -29
d 0 0 0 -1,518
e 0 0 0 -960
0 0 0 2,193
0 0 0 -93
0 0 0 284
0 0 0 48
0 0 0 110
0 0 0 -3,671
0 0 0 -121
0 0 0 -411
0 0 0 -1,018
0 0 0 -3,425
0 0 0 27
0 0 0 3,107
0 0 0 5,159
0 0 0 11,132
0 0 0 1,247
0 0 0 -3,600
0 0 0 -2,993
0 0 0 -2,582
0 0 0 6,582
0 0 0 27,410
0 0 0 -1,711
0 0 0 -2,848
0 0 0 12,403
0 0 0 7,698
0 0 0 20,675
0 0 0 3,725
0 0 0 3,189
0 0 0 3,005
0 0 0 9,297
0 0 0 4,778
0 0 0 6,089
0 0 0 2,146
0 0 0 -7,327
0 0 0 -2,964
0 0 0 4,289
0 0 0 2,712
0 0 0 10,047
0 0 0 1,075
0 0 0 12,199
0 0 0 1,402
0 0 0 14,932
0 0 0 36,815
0 0 0 19,109
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 191,019
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -2,187
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?
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))
2017 5,694 3,999,092 0.001424
2016 5,177 3,780,079 0.001370
2015 4,873 3,995,021 0.001220
2014 3,062 4,161,812 0.000736
2013 1,083 4,272,859 0.000253
2
Total of line 1, column (d) .....................
2
0.005003
3
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 ......
3
0.001001
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
0
5
Multiply line 4 by line 3......................
5
0
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,800
7
Add lines 5 and 6........................
7
2,800
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,403
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 (2018)
Form 990-PF (2018)
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 Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
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 5,600
hereBulletand 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 5,600
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 5,600
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 0 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 94
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,694
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11  
Part VII-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 Instructions
for 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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    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 (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-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 addressbulletN/A
    14
    The books are in care ofbulletTheodore Butz Telephone no.bullet (301) 607-4399

    Located atbulletPO Box 149AdamstownMD ZIP+4bullet21710
    15
    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
    15
     
    16 At any time during calendar year 2018, 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
    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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
     
    ........bullet
    c
    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 2018?.............
    1c
     
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 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.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    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
    Theodore Butz President/Treasurer
    0.00     		0 0 0
    PO Box 149
    Adamstown,MD21710
    Elvira M Butz Vice President
    0.00     		0 0 0
    PO Box 149
    Adamstown,MD21710
    Catherine Butz Secretary
    0.00     		0 0 0
    PO Box 149
    Adamstown,MD21710
    Thompson H Butz Director
    0.00     		0 0 0
    PO Box 149
    Adamstown,MD21710
    Ronald E James Director
    0.00     		0 0 0
    PO Box 149
    Adamstown,MD21710
    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...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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.............bullet0
    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 (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    0
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    0
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    0
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    5,600
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,600
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    0
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    0
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    0
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,403
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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 V, line 8, and Part XIII, line 4
    4
    2,403
    5
    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.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,403
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 1,083
    b From 2014...... 5,750
    c From 2015...... 6,133
    d From 2016...... 6,641
    e From 2017...... 8,067
    fTotal of lines 3a through e........ 27,674
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,403
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus 2,403
    5 Excess distributions carryover applied to 2018.    
    (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 30,077
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		1,083
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		28,994
    10 Analysis of line 9:
    a Excess from 2014.... 5,750
    b Excess from 2015.... 6,133
    c Excess from 2016.... 6,641
    d Excess from 2017.... 8,067
    e Excess from 2018.... 2,403
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    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)
    aPaid during the year
    Providence Baptist Church
    294 Seven Farms Drive
    Charleston,SC29492     		  Public Charity General 1,000
    St Peter's Episcopal Church
    PO Box 387
    Poolesville,MD20837     		  Public Charity General 2,500
    The Hughes Center for Agro Ecology
    PO Box 169
    Queenstown,MD21658     		  Public Charity General 5,000
    Daniel Island Rotary Club
    295 Seven Farms Dr PMB 149
    Charleston,SC29492     		  Public Charity General 4,000
    St Thomas Moore Academy
    3989 Buckeystown Pike
    Buckeystown,MD21717     		  Public Charity General 11,000
          0
          0
    Hughes Center for Agro-Ecology
    PO Box 169
    Queenstown,MD21658     		  Public Charity General 5,000
    The Northshore University Health System
    1033 University Place
    Evanston,IL60201     		  Public Charity General 20,000
    Holy Cross Health Foundation
    10720 Columbia Pike
    Silver Spring,MD20901     		  Public Charity General 1,000
    The Ravina Festival Association
    418 Sheridan Rd
    Highland Park,IL60635     		  Public Charity General 4,000
    The Field Museum of Natural History
    1400 S Lake Shore Dr
    Chicago,IL606052496     		  Public Charity General 6,000
    Chicago Humanities Festival
    500 N Dearborn Suite 825
    Chicago,IL60654     		  Public Charity General 2,500
    The University of Chicago
    401 North Michigan
    Chicago,IL60611     		  Public Charity General 5,000
    Atlantic Seaboard Dyslexia Education
    22 West Jefferson St
    Rockville,MD20850     		  Public Charity General 3,000
    Ferrum College
    10021 Franklin St
    Ferrum,VA24088     		  Public Charity General 2,500
    Second Chance Wildlife Center
    7101 Barcellona Dr
    Gaithersburg,MD20879     		  Public Charity General 3,400
    Holton Arms
    7303 River Rd
    Bethesda,MD20817     		  Public Charity General 8,500
    Primary Day
    7300 River Rd
    Bethesda,MD20817     		  Public Charity General 1,000
    Hadley School for the Blind
    700 Elm St
    Winnetka,IL60093     		  Public Charity General 1,000
    The Chicago Botanical Gardens
    PO Box 400
    Glencoe,IL60022     		  Public Charity General 6,000
    Dee Norton Low Country Children's Center
    1061 King Street
    Charleston,SC29403     		  Public Charity General 5,000
    Dog Tag Inc
    3206 Grace Street
    Washington,DC20007     		  Public Charity General 17,500
    National Building Museum
    401 F Street NW
    Washington,DC20001     		  Public Charity General 5,000
    Streetlife Communities Inc
    11933 W Burleigh
    Milwaukee,WI53222     		  Public Charity General 2,000
    Lost and Found Horse Rescue
    15800 Darnestown Rd
    Germantown,MD20874     		  Public Charity General 5,000
    Holy Cross Health Foundation
    10720 Columbia Pike
    Silver Spring,MD20901     		  Public Charity General 10,000
    OLA FINE
    219 S George St
    Charles Town,WV25414     		  Public Charity General 4,000
    Ronald McDonald House
    81 Gadsden Street
    Charleston,SC29401     		  Public Charity General 9,426
    Maryland Clean Energy
    1212 West St Suite 200
    Annapolis,MD21401     		  Charity General 2,500
    Atlantic Seaboard Dyslexia Education Ctr
    22 West Jefferson St
    Rockville,MD20850     		  Charity General 3,000
          0
    Denny Hamlin Foundation
    130 Infield Court
    Mooresville,NC28117     		  Charity General 2,625
    The Porter Gaud School
    300 Albermarle Road
    Charleston,SC29407     		  Charity General 5,000
    The First Baptist School of Charleston
    48 Meeting Street
    Charleston,SC29401     		  Charity General 5,000
    Richmond Volleyball Club
    2921 Byrdhill Road
    Henrico,VA23228     		  Charity General 4,000
    Blue Ridge School
    273 Mayo Dr
    Saint George,VA22935     		  Charity General 2,500
    Canons Regular of New Jerusalem
    219 S George Street
    Charles Town,WV25414     		  Charity General 8,000
    Franklin & Marshall College
    PO Box 3003
    Lancaster,PA17604     		  Charity General 15,000
    Total .................................bullet 3a 197,951
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    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 1,114  
    4 Dividends and interest from securities....     14 111,069  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 191,019  
    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)..   303,202  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    303,202
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    16c Investment Management Fees
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 0


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    The Butz Foundation Inc
    EIN:
    45-1448807
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    JPMorgan GI Res   Purchased 2018-01   55,555 43,152 FMV   12,403  
    JPMorgan US L/C   Purchased 2018-01   55,302 49,385 FMV   5,917  
    Pamassus Core Equity   Purchased 2018-01   47,357 43,068 FMV   4,289  
    Dodge & Cox   Purchased 2018-01   26,397 20,829 FMV   5,568  
    Oakmark International   Purchased 2018-01   16,084 13,938 FMV   2,146  
    MFS Intl Value   Purchased 2018-01   34,489 24,909 FMV   9,580  
    Pimco Short Term   Purchased 2018-02   23,637 23,589 FMV   48  
    Ishares JP Morgan EM   Purchased 2018-02   39,398 41,109 FMV   -1,711  
    NB High Income Bond   Purchased 2018-02   84,309 78,220 FMV   6,089  
    Ishares MSCI Eafe   Purchased 2018-06   81,457 74,875 FMV   6,582  
    AQR Long-Short   Purchased 2018-07   12,635 13,653 FMV   -1,018  
    Diamond Hill   Purchased 2018-07   17,476 17,449 FMV   27  
    Equinox Campbell   Purchased 2018-07   39,027 41,609     -2,582  
    JPMorgan US L/C   Purchased 2018-08   17,730 14,541 FMV   3,189  
    Doubleline Total   Purchased 2018-08   80,811 84,440 FMV   -3,629  
    Vanguard Short Term   Purchased 2018-10   42,417 42,538 FMV   -121  
    JPMorgan GI RES   Purchased 2018-10   42,454 34,756 FMV   7,698  
    JPMorgan US L/C   Purchased 2018-10   55,525 37,588 FMV   17,937  
    Dodge & Cox   Purchased 2018-10   105,061 93,929 FMV   11,132  
    Oakmark Interntional   Purchased 2018-10   95,949 103,276 FMV   -7,327  
    Pimco Short Term   Purchased 2018-10   43,678 43,568 FMV   110  
    Pamassus Care Equity   Purchased 2018-10   28,132 25,420 FMV   2,712  
    JPMorgan Core Bond   Purchased 2018-11   133,417 137,225 FMV   -3,808  
    JPMorgan GI Res   Purchased 2018-11   120,695 100,020 FMV   20,675  
    JPMorgan US L/C   Purchased 2018-11   102,789 65,974 FMV   36,815  
    AQR Long-Short   Purchased 2018-11   40,736 44,161 FMV   -3,425  
    American Beacon   Purchased 2018-11   40,176 40,587 FMV   -411  
    Diamond Hill   Purchased 2018-11   43,495 40,388 FMV   3,107  
    Dodge & Cox   Purchased 2018-11   25,555 22,905 FMV   2,650  
    Equinox FDS TR   Purchased 2018-11   36,662 39,655 FMV   -2,993  
    GMO SGM   Purchased 2018-11   43,554 45,252 FMV   -1,698  
    Oakmark International   Purchased 2018-11   22,604 25,568 FMV   -2,964  
    MFS Intl Value   Purchased 2018-11   62,402 38,515 FMV   23,887  
    Pamassus Core Equity   Purchased 2018-11   108,756 98,709 FMV   10,047  
    Pimco unconstrained   Purchased 2018-11   76,991 75,916 FMV   1,075  
    SPDR S&P 500   Purchased 2018-11   179,672 171,145 FMV   8,527  
    Ishares MSCI Eafe   Purchased 2018-11   312,694 285,284 FMV   27,410  
    Chilton Strategic European   Purchased 2018-11   38,249 45,252 FMV   -7,003  
    Lord Abbett Short Term   Purchased 2018-12   38,332 38,243     89  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Butz Foundation Inc
    EIN:
    45-1448807
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JPMorgan #A7275 - Equities 1,770,352 2,156,951
    JPMorgan #W7377 - Equities 111,090 20,658
    JPMorgan #W7275 - Fixed Inc. 1,718,471 1,709,044

    TY 2018 TaxesSchedule
    Name:
    The Butz Foundation Inc
    EIN:
    45-1448807
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      2,403     2,403