Form990-PF
Click to see attachment

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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 12-01-2017 , and ending 11-30-2018
Name of foundation
OBERKOTTER FOUNDATION
 
% BRUCE A ROSENFIELD EXEC DI
Number and street (or P.O. box number if mail is not delivered to street address)1600 MARKET STREET Suite Ste 3600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA191037286
A Employer identification number

23-2686151
B Telephone number (see instructions)

(215) 751-2601
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$160,078,523J 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) 6,942,739
2 Check bullet.............
3 Interest on savings and temporary cash investments 320,497 320,497  
4 Dividends and interest from securities... 2,344,444 2,754,772  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,653,387
b Gross sales price for all assets on line 6a 44,511,540
7 Capital gain net income (from Part IV, line 2)... 14,933,633
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)....... Click to see attachment 157,266 -115,582  
12 Total. Add lines 1 through 11........ 23,418,333 17,893,320  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 974,833 68,733   906,100
14 Other employee salaries and wages...... 961,167 0   961,167
15 Pension plans, employee benefits....... 206,375 4,618   201,756
16a Legal fees (attach schedule)......... Click to see attachment 10,995 0 0 10,995
b Accounting fees (attach schedule)....... Click to see attachment 146,483 27,715 0 118,768
c Other professional fees (attach schedule).... Click to see attachment 2,975,932 403,671   2,592,132
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 425,300 17,917    
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,357 0  
20 Occupancy.............. 89,144 0   89,144
21 Travel, conferences, and meetings....... 226,423 0   226,423
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 399,737 0   399,737
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,417,746 522,654 0 5,506,222
25 Contributions, gifts, grants paid....... 10,319,968 10,319,968
26 Total expenses and disbursements. Add lines 24 and 25 16,737,714 522,654 0 15,826,190
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,680,619
b Net investment income (if negative, enter -0-) 17,370,666
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 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.............      
2 Savings and temporary cash investments......... 19,960,193 27,761,931 27,761,932
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).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 81,839,485 Click to see attachment78,061,086 132,309,231
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet2,932
Less: accumulated depreciation (attach schedule) bullet   4,289 2,932 2,932
15 Other assets (describe bullet) Click to see attachment4,428 Click to see attachment4,428 Click to see attachment4,428
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 101,808,395 105,830,377 160,078,523
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 101,808,395 105,830,377
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)..... 101,808,395 105,830,377
30 Total liabilities and net assets/fund balances (see instructions). 101,808,395 105,830,377
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
101,808,395
2
Enter amount from Part I, line 27a .....................
2
6,680,619
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
108,489,014
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,658,637
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
105,830,377
Form 990-PF (2019)
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 L GS TACS ENHANCED DIV US LC      
b 1818 PARTNERS LP      
c SPRUCEGROVE NON US EQUITY      
d DYNAMIC EQUITY MGRS PORTFOLIO      
e CONTINUUM PARTNERS, L.P.      
BBH SELECT EQUITY      
BBH BURGUNDY      
WELLINGTON (FKA VONTOBEL)      
BROWN BROTHERS HARRIMAN & CO      
GOLDMAN SACHS      
HAVERFORD TRUST COMPANY      
BBH CAPITAL GAIN DISTRIBUTIONS      
GS CAPITAL GAIN DISTRIBUTIONS      
(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       76,555
b       630,911
c       127,501
d       109,946
e       -4,811
      330,457
      -11,607
      21,294
15,274,845   12,234,972 3,039,873
4,431,286   4,668,295 -237,009
24,381,297   13,954,886 10,426,411
376,290   0 376,290
47,822   0 47,822
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        
b        
c        
d        
e        
       
       
       
      3,039,873
      -237,009
      10,426,411
      376,290
      47,822
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 14,933,633
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  
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))
2018 12,280,035 155,643,440 0.078899
2017 12,669,504 147,644,122 0.085811
2016 13,268,772 159,319,399 0.083284
2015 12,329,070 162,975,508 0.07565
2014 19,174,089 149,092,651 0.128605
2
Total of line 1, column (d) .....................
2
0.452249
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
0.09045
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
164,026,528
5
Multiply line 4 by line 3......................
5
14,836,199
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
173,707
7
Add lines 5 and 6........................
7
15,009,906
8
Enter qualifying distributions from Part XII, line 4,.............
8
15,826,190
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)
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 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 1 173,707
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  
3 Add lines 1 and 2........................... 3 173,707
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 173,707
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 436,591
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.............. 7 436,591
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 262,884
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet262,884 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? Click to see list of attachments....................
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see list of attachments....
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.Click to see list of attachments
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)
    bulletPA
    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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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 addressbulletwww.oberkotterfoundation.org
    14
    The books are in care ofbulletBRUCE A ROSENFIELD EXEC DIR Telephone no.bullet (215) 751-2601

    Located atbullet1600 MARKET ST STE 3600PHILADELPHIAPA ZIP+4bullet191037286
    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 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
    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
     
    No
    ........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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 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.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    Yes
     
    .........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). Click to see attachment
    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
    Mildred L OberkotterClick to see attachment TRUSTEE
    10.0     		0 0 0
    1600 MARKET STREET
    PHILADELPHIA,PA191037286
    Bruce RosenfieldClick to see attachment TRUSTEE & EXECUTIVE DIRECTOR
    25.0     		395,833 0 0
    1600 MARKET STREET
    PHILADELPHIA,PA191037286
    David PiersonClick to see attachment TRUSTEE
    10.0     		50,000 0 0
    1600 MARKET STREET
    PHILADELPHIA,PA191037286
    Amy NewnamClick to see attachment Assoc. Exec. Director
    40.0     		241,500 27,865 18,317
    1600 MARKET STREET
    PHILADELPHIA,PA191037286
    Teresa CarawayClick to see attachment CEO, HEARING FIRST
    40.0     		287,500 12,470 0
    1600 MARKET STREET
    PHILADELPHIA,PA191037286
    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
    WENDELYN DEMOSSClick to see attachment PROGRAMS OFFICER HF
    40.0     		162,553 0 0
    1600 MARKET ST
    PHILADELPHIA,PA19103
    LUKE DAVIDSONClick to see attachment WEB DVLMT DIR,HF
    40.0     		161,854 9,756 0
    1600 MARKET ST
    PHILADELPHIA,PA19103
    LYNN WOODClick to see attachment PROGRAMS LEADER, HF
    40.0     		127,417 0 0
    1600 MARKET ST
    PHILADELPHIA,PA19103
    JENNIFER RANSLEYClick to see attachment PLANNING LEADER, HF
    40.0     		98,521 5,651 0
    1600 MARKET ST
    PHILADELPHIA,PA19103
    KATHLEEN PAFFHOUSE BUSSEYClick to see attachment COMMUNITY LEADER, HF
    40.0     		96,626 0 0
    1600 MARKET ST
    PHILADELPHIA,PA19103
    Total number of other employees paid over $50,000...................bullet 3
    Form 990-PF (2019)
    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
    Fivestone Marketing & Communic 1,675,594
    390 Fifth ave ste 803
    NEW YORK,NY10018
    Arabella Advisors LLC PHILANTHROPY CONSULT 244,000
    1201 Connecticut Ave NW Suite 30
    WASHINGTON,DC20036
    Brown Brothers Harriman & Co Investment Advisor 160,139
    One Logan Square 14th Floor
    PHILADELPHIA,PA19103
    Haverford Trust Company Investment Advisor 156,682
    3 Radnor Corporate Center Ste 450
    RADNOR,PA19087
    Kaleidoscope Training and Consulting e-Learning Consult. 144,000
    2570 Harris Road
    PALMYRA,NY14522
    Total number of others receiving over $50,000 for professional services.............bullet3
    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 SUPPORT FOR LISTENING AND SPOKEN LANGUAGE SERVICES TO CHILDREN AND FAMILIES (SEE ATTACHMENT) 11,027,187
    2 SUPPORTING FAMILIES TO IMPROVE OUTCOMES FOR CHILDREN WHO ARE DEAF OR HARD OF HEARING THROUGH LISTENING AND SPOKEN LANGUAGE THROUGH HEARING FIRST (SEE ATTACHMENT) 3,456,561
    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)
    Form 990-PF (2019)
    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
    145,656,868
    b
    Average of monthly cash balances.......................
    1b
    20,867,526
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    166,524,394
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    166,524,394
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,497,866
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    164,026,528
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,201,326
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,201,326
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    173,707
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    173,707
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,027,619
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    8,027,619
    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
    8,027,619
    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
    15,826,190
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    15,826,190
    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
    173,707
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    15,652,483
    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)
    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 8,027,619
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:2015, 2014, 2013 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 12,548,981
    b From 2015...... 4,449,495
    c From 2016...... 5,490,296
    d From 2017...... 5,498,852
    e From 2018...... 4,819,548
    fTotal of lines 3a through e........ 32,807,172
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 15,826,190
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2019 distributable amount..... 8,027,619
    e Remaining amount distributed out of corpus 7,798,571
    5 Excess distributions carryover applied to 2019.    
    (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 40,605,743
    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 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) .......     		6,942,739
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		5,606,242
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		28,056,762
    10 Analysis of line 9:
    a Excess from 2015.... 4,449,495
    b Excess from 2016.... 5,490,296
    c Excess from 2017.... 5,498,852
    d Excess from 2018.... 4,819,548
    e Excess from 2019.... 7,798,571
    Form 990-PF (2019)
    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 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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).)
    MILDRED L OBERKOTTER
    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.
    NONE
    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 (2019)
    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)
    aPaid during the year
    A G Bell Assco for the Deaf and Hard of Hearing
    3417 Volta Place NW
    Washington,DC200072778     		N/A PC LSL Support -- Children and Families 1,350,000
    American Cochlear Implant Alliance
    PO Box 103
    McLean,VA22101     		N/A PC LSL Support -- Children and Families 25,000
    Atlanta Speech School
    3160 Northside Parkway NW
    Atlanta,GA30327     		N/A PC LSL Support -- Children and Families 228,200
    Auditory-Verbal Center Inc
    1901 Century Blvd Suite 20
    Atlanta,GA30345     		N/A PC LSL Support -- Children and Families 50,000
    Auditory Oral School of New York
    3321 Avenue M
    Brooklyn,NY11210     		N/A PC LSL Support -- Children and Families 750,000
    CCHAT Center - Sacramento
    11100 Coloma Road
    Rancho Cordova,CA95670     		N/A PC LSL Support -- Children and Families 486,000
    Center for Hearing and Communication
    50 Broadway 6th Floor
    New York,NY10004     		N/A PC LSL Support -- Children and Families 132,641
    Child's Voice
    180 Hansen Court
    Wood Dale,IL60191     		N/A PC LSL Support -- Children and Families 342,449
    Clarke Schools for Hearing and Speech
    45 Round Hill Road
    Northampton,MA01060     		N/A PC LSL Support -- Children and Families 969,237
    Cook Children's Health Foundation
    801 7th Avenue
    Fort Worth,TX76104     		N/A PC LSL Support -- Children and Families 199,530
    Foundation for Hearing Research Inc - Weingarten
    3518 Jefferson Avenue
    Redwood City,CA94062     		N/A PC LSL Support -- Children and Families 450,000
    Hands & Voices
    PO Box 3093
    Boulder,CO80307     		N/A PC LSL Support -- Children and Families 25,000
    Haskins Laboratories Inc
    300 George Street Suite 900
    New Haven,CT06511     		N/A PC Research 693,618
    Hear ME Now
    PO Box 896
    Portland,ME04104     		N/A PC LSL Support -- Children and Families 99,417
    HEAR Wisconsin
    10243 W National Ave
    West Allis,WI53227     		N/A PC LSL Support -- Children and Families 64,000
    Hearts for Hearing
    11500 N Portland
    Oklahoma City,OK73120     		N/A PC LSL Support -- Children and Families 1,050,000
    HOPE School
    502 E Fifth Ave Suite A
    Spokane,WA99202     		N/A PC LSL Support -- Children and Families 13,052
    Idaho State University
    921 S 8th Ave STOP 8046
    Pocatello,ID832098046     		N/A PC LSL Support -- Children and Families 94,800
    ISDH Healthy Hoosiers Foundation (HHF)
    2 North Meridian St
    Indianapolis,IN46204     		N/A PC LSL Support -- Children and Families 68,500
    Lexington Hearing & Speech Center
    350 Henry Clay Blvd
    Lexington,KY40502     		N/A PC LSL Support -- Children and Families 50,000
    Listen and Talk
    8610 8th Avenue NE
    Seattle,WA98115     		N/A PC LSL Support -- Children and Families 780,000
    Listen Foundation Inc
    6950 E Belleview Ave Ste 203
    Greenwood Village,CO80120     		N/A PC LSL Support -- Children and Families 40,000
    Mayo Clinic RochesterDivision of Gastroenterology
    200 First Street Southwest
    Rochester,MN55905     		N/A PC Research 250,000
    Memphis Oral School for the Deaf
    7901 Poplar Avenue
    Germantown,TN38138     		N/A PC LSL Support -- Children and Families 25,000
    Northern Voices
    1660 West County Road B
    Roseville,MN55113     		N/A PC LSL Support -- Children and Families 40,000
    Ohio Valley Voices
    6642 Branch Hill-Guinea Pike
    Loveland,OH45140     		N/A PC LSL Support -- Children and Families 52,500
    Placer County Office of Education Infant Program
    360 Nevada Street
    Auburn,CA95603     		N/A PC LSL Support -- Children and Families 103,500
    St Joseph Institute for the Deaf
    9192 Waldemar Road
    Indianapolis,IN46268     		N/A PC LSL Support -- Children and Families 67,239
    The CARE Project
    716 Staley Court
    Raleigh,NC27609     		N/A PC LSL Support -- Children and Families 100,000
    The Children's Cochlear Implant Center at UNC
    5501 Fortunes Ridge Drive Suite A
    Durham,NC27713     		N/A PC LSL Support -- Children and Families 142,000
    The Moog Center for Deaf Education
    12300 South Forty Drive
    St Louis,MO63141     		N/A PC LSL Support -- Children and Families 654,355
    The New York and Presbyterian Hospital
    654 West 170th Street
    New York,NY10032     		N/A PC LSL Support -- Children and Families 275,000
    The Ohio State University
    915 Olentangy River Road
    Columbus,OH43212     		N/A PC LSL Support -- Children and Families 49,468
    Tucker Maxon School
    2860 SE Holgate Boulevard
    Portland,OR97202     		N/A PC LSL Support -- Children and Families 60,000
    University of Vermont Medical Center Inc
    128 Lakeside Ave Suite 106
    Burlington,VT05401     		N/A PC LSL Support -- Children and Families 89,243
    Utah State University
    2615 Old Main Hill
    Logan,UT84322     		N/A PC LSL Support -- Children and Families 93,255
    Vanderbilt University Medical Center
    Dept 1236 PO Box 121236
    Dallas,TX753121236     		N/A PC LSL Support -- Children and Families 18,299
    Vermilion Films Inc
    1806B NW 32nd Ave
    Portland,OR97210     		N/A NC LSL Support -- Children and Families 167,900
    WA State Ctr for Childhood Deafness & Hearing Loss
    611 Grand Blvd
    Vancouver,WA98661     		N/A PC LSL Support -- Children and Families 170,765
    Total .................................bullet 3a 10,319,968
    bApproved for future payment
    A G Bell Assco for the Deaf and Hard of Hearing
    3417 Volta Place NW
    Washington,DC200072778     		N/A PC LSL Support -- Children and Families 5,050,000
    Atlanta Speech School
    3160 Northside Parkway NW
    Atlanta,GA30327     		N/A PC LSL Support -- Children and Families 392,300
    Auditory-Verbal Center Inc
    1901 Century Blvd Suite 20
    Atlanta,GA30345     		N/A PC LSL Support -- Children and Families 50,000
    Callier Center for Communication Disorders
    1966 Inwood Rd
    Dallas,TX75235     		N/A PC LSL Support -- Children and Families 200,000
    CCHAT Center - Sacramento
    11100 Coloma Road
    Rancho Cordova,CA95670     		N/A PC LSL Support -- Children and Families 637,000
    Center for Hearing and Communication
    50 Broadway 6th Floor
    New York,NY10004     		N/A PC LSL Support -- Children and Families 84,571
    Center for Hearing and Speech
    3636 West Dallas Street
    Houston,TX77019     		N/A PC LSL Support -- Children and Families 25,000
    Child's Voice
    180 Hansen Court
    Wood Dale,IL60191     		N/A PC LSL Support -- Children and Families 425,000
    Clarke Schools for Hearing and Speech
    45 Round Hill Road
    Northampton,MA01060     		N/A PC LSL Support -- Children and Families 280,287
    Columbia University Medical Center
    180 Fort Washington Ave HP7
    New York,NY10032     		N/A PC LSL Support -- Children and Families 249,095
    Cook Children's Health Foundation
    801 7th Avenue
    Fort Worth,TX76104     		N/A PC LSL Support -- Children and Families 399,060
    Foundation for Hearing Research Inc - Weingarten
    3518 Jefferson Avenue
    Redwood City,CA94062     		N/A PC LSL Support -- Children and Families 100,000
    Hands & Voices
    PO Box 3093
    Boulder,CO80307     		N/A PC LSL Support -- Children and Families 50,000
    Haskins Laboratories Inc
    300 George Street Suite 900
    New Haven,CT06511     		N/A PC Research 318,631
    Hear ME Now
    PO Box 896
    Portland,ME04104     		N/A PC LSL Support -- Children and Families 91,418
    Hearts for Hearing
    11500 N Portland
    Oklahoma City,OK73120     		N/A PC LSL Support -- Children and Families 1,225,000
    Idaho State University
    921 S 8th Ave STOP 8046
    Pocatello,ID832098046     		N/A PC LSL Support -- Children and Families 290,077
    ISDH Healthy Hoosiers Foundation (HHF)
    2 North Meridian St
    Indianapolis,IN46204     		N/A PC LSL Support -- Children and Families 34,250
    Lexington Hearing & Speech Center
    350 Henry Clay Blvd
    Lexington,KY40502     		N/A PC LSL Support -- Children and Families 125,000
    Listen and Talk
    8610 8th Avenue NE
    Seattle,WA98115     		N/A PC LSL Support -- Children and Families 455,000
    Listen Foundation Inc
    6950 E Belleview Ave Ste 203
    Greenwood Village,CO80120     		N/A PC LSL Support -- Children and Families 50,000
    Memphis Oral School for the Deaf
    7901 Poplar Avenue
    Germantown,TN38138     		N/A PC LSL Support -- Children and Families 150,000
    St Joseph Institute for the Deaf
    9192 Waldemar Road
    Indianapolis,IN46268     		N/A PC LSL Support -- Children and Families 67,481
    The CARE Project
    716 Staley Court
    Raleigh,NC27609     		N/A PC LSL Support -- Children and Families 100,000
    The Children's Cochlear Implant Center at UNC
    5501 Fortunes Ridge Drive Suite A
    Durham,NC27713     		N/A PC LSL Support -- Children and Families 86,000
    The Moog Center for Deaf Education
    12300 South Forty Drive
    St Louis,MO63141     		N/A PC LSL Support -- Children and Families 1,616,380
    The New York and Presbyterian Hospital
    654 West 170th Street
    New York,NY10032     		N/A PC LSL Support -- Children and Families 600,000
    Treehouse Project
    1806B NW 32nd Avenue
    Portland,OR97210     		N/A PC LSL Support -- Children and Families 100,000
    Tucker Maxon School
    2860 SE Holgate Boulevard
    Portland,OR97202     		N/A PC LSL Support -- Children and Families 145,542
    University of Vermont Medical Center Inc
    128 Lakeside Ave Suite 106
    Burlington,VT05401     		N/A PC LSL Support -- Children and Families 45,044
    Utah State University
    2615 Old Main Hill
    Logan,UT84322     		N/A PC LSL Support -- Children and Families 96,380
    Total .................................bullet 3b 13,538,516
    Form 990-PF (2019)
    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
    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 ...........     		    14 320,497  
    4 Dividends and interest from securities....     14 2,344,444  
    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 13,653,387  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS REVENUE     		    01 -20,769  
    bPREVIOUS GRANTS RETURNED TO FOUNDATION         178,035
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   16,297,559 178,035
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,475,594
    (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.)
    11B GRANTS PREVIOUSLY ISSUED, BUT RETURNED TO THE FOUNDATION
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2019
    Name of the organization
    OBERKOTTER FOUNDATION
     
    Employer identification number

    23-2686151
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    OBERKOTTER FOUNDATION
          		Employer identification number
    23-2686151
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    MILDRED L OBERKOTTER
    1600 MARKET STREET STE 3600
     
    PHILADELPHIA, PA19103

    		$ 6,942,739


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    OBERKOTTER FOUNDATION
          		Employer identification number

    23-2686151
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SECURITIES $ 3,942,739  
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    OBERKOTTER FOUNDATION
          		Employer identification number

    23-2686151
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 AccountingFeesSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 146,483 27,715   118,768

    TY 2017 CompensationExplanation
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Person Name Explanation
    Teresa Caraway *THE EXECUTIVE DIRECTOR (B ROSENFIELD) AND THE ASSOCIATE EXECUTIVE DIRECTOR (A NEWNAM), REFERRED TO IN PART I, LINE 13 AND PART VIII, LINE 1, AND THE ADMINISTRATIVE ASSISTANT, REFERRED TO IN PART I, LINE 16C AND PART VIII, LINE 2, ARE PARTNERS OR EMPLOYEES OF THE LAW FIRM SCHNADER HARRISON SEGAL & LEWIS, LLP ("SCHNADER"). THE OBERKOTTER FOUNDATION ("FOUNDATION") HAS CONTRACTED WITH SCHNADER TO LEASE A PERCENTAGE OF EACH INDIVIDUAL'S TIME FOR MATTERS RELATING TO THE ADMINISTRATION OF THE FOUNDATION. THE FOUNDATION PAYS ITS SHARE OF THE COMPENSATION AND RELATED EXPENSES, AS APPLICABLE, FOR EACH INDIVIDUAL AND SCHNADER ASSUMES THE APPROPRIATE PAYROLL RESPONSIBILITIES. THESE PAYMENTS TO SCHNADER ARE SEPARATE FROM THE PAYMENTS SHOWN AT PART I, LINE 16A FOR LEGAL AND OTHER ADMINISTRATIVE SUPPORT FEES.

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

    TY 2017 DepreciationSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2017 EmployeeCompensationExpln
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Employee Explanation
    KATHLEEN PAFFHOUSE BUSSEY *Health Benefits were added for Hearing First employees effective 1/1/2018

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

    TY 2017 ExpenditureResponsibilityStmt
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Vermilion Films Inc
          		1806B NW 32nd Ave
    Portland,OR97210     		2017-12-13 167,900 Support for the Listening Project 167,900 NO     Informal reports have been received, and the Listening Project film has been released and marketed. The final expenditure report from Vermilion Films is still pending.

    TY 2017 GeneralExplanationAttachment
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Identifier Return Reference Explanation
    Part I, Line 19, Depreciation Expense Part I, Line 19, Depreciation Expense Office Furniture $202 Office Equipment (Telephone) $1,155 -------- Total Depreciation Expense $1,357
    Part XV, Line 2 Part XV, Line 2 THE OBERKOTTER FOUNDATION DOES NOT ACCEPT UNSOLICITED PROPOSALS. INTERESTED APPLICANTS SHOULD VISIT THE WEBSITE WWW.OBERKOTTERFOUNDATION.ORG FOR INFORMATION ON THE FOUNDATION'S MISSION AND APPLICABLE FUNDING CRITERIA AND GRANT REQUIREMENTS.
    Part XIII, Line 7 Part XIII, Line 7 DISTRIBUTIONS FROM CORPUS ELECTION: IN ORDER TO SATISFY THE DISTRIBUTION REQUIREMENTS UNDER INTERNAL REVENUE CODE SECTION 170(B)(1)(F), THE FOUNDATION ELECTS UNDER TREASURY REGULATION SECTION 53.4942(A)-3(C)(2)(IV) TO TREAT $6,942,739 FROM THE 2012 EXCESS DISTRIBUTIONS AS A CURRENT DISTRIBUTION OUT OF CORPUS. THE 2012 DISTRIBUTIONS WERE TREATED AS DISTRIBUTIONS OUT OF CORPUS IN THAT FISCAL YEAR UNDER TREASURY REGULATION SECTION 53.4942(A)-3(D)(1)(III). _________________________________ _______________ BRUCE ROSENFIELD DATE CO-TRUSTEE & EXECUTIVE DIRECTOR

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC ADR 380,304 1,645,200
    AIR PRODS & CHEMS INC COM 573,325 691,741
    ALLEGION PLC- COM STK 621,395 686,925
    ALPHABET INC CL C 666,320 2,090,361
    APPLE INC COM 767,132 1,821,516
    BAXTER INTL INC COM 445,002 822,600
    BBH PARTNER FUND - INTERNATION 1,748,181 2,219,500
    BECTON DICKINSON & CO COM 154,746 960,450
    BERKSHIRE HATHAWAY INC-CL B 830,399 3,120,832
    BLACKROCK INC 412,514 1,155,627
    BURGUNDY EMERGING MARKETS SERI 2,750,000 2,709,345
    CEDAR ROCK PARTNERS SERIES BBH 1,500,000 1,474,201
    CELANESE CORP COM STK 310,173 777,161
    COCA COLA CO COM 280,351 700,560
    COMCAST CORP CL A 1,092,128 1,997,312
    COMCAST CORP NEW - CL. A 945,517 1,345,845
    CONTINUUM PARTNERS 2,000,000 2,166,251
    COPART INC COM STK 637,457 629,514
    CVS HEALTH CORPORATION 800,017 1,395,480
    DIAGEO PLC- SPONSORED ADR 431,687 1,086,234
    DISCOVERY INC -C 783,165 860,244
    DISNEY WALT CO COM DISNEY 122,811 729,781
    DOLLAR GENERAL CORP COM STK 380,313 412,106
    DOWDUPONT INC 372,043 980,558
    DYNAMIC EQUITY MANAGERS: PORTF 435,877 1,753,130
    EMERSON ELEC CO COM 713,465 658,320
    EXXON MOBIL CORP COM 225,230 723,450
    FLEETCOR TECHNOLOGIES INC COM 705,564 1,011,869
    GS TACTICAL TILT OVERLAY FUND 745,876 742,214
    HENRY SCHEIN INC COM STK 618,141 1,101,620
    HONEYWELL INTL INC COM 486,464 513,625
    ISHARES CORE MSCI EAFE ETF 2,316,709 2,359,200
    ISHARES CORE MSCI EMERGING 2,466,035 3,215,550
    ISHARES CORE U.S. AGGREGATE BO 10,632 10,488
    ISHARES IBOXX $ HIGH YIELD COR 1,287,275 1,285,768
    ISHARES MSCI ACWI 2,435,711 2,461,956
    ISHARES RUSSELL 2000 ETF 458,596 847,041
    ISHARES S&P MIDCAP 400 INDEX 540,680 1,483,541
    ISHARES S&P SMALLCAP 600 FND 714,026 2,379,000
    ISHARES U.S. REAL ESTATE ETF 373,561 491,089
    JOHNSON & JOHNSON COM 24,143 731,268
    JPMORGAN CHASE & CO COM 481,683 1,445,470
    KLA-TENCOR CORP 478,140 473,088
    KROGER CO COM STK 913,579 1,226,026
    LINDE PLC COM STK 1,225,913 1,192,875
    LONGLEAF PARTNERS SMALL CAP FD 2,085,000 1,945,052
    LOWES COS INC COM 1,159,150 1,189,062
    MASTERCARD INC CLASS A 538,448 1,528,132
    MEDTRONIC PLC ADR 471,495 651,013
    MICROSOFT CORP COM 74,264 110,890
    NESTLE S A SPONS ADR 231,715 815,982
    NOVARTIS AG - ADR 820,077 1,539,992
    ORACLE CORP 1,764,842 2,205,464
    ORACLE CORP COM 559,857 721,648
    PAYPAL HOLDINGS INC- COM STK 58,411 705,873
    PEPSICO INC COM 603,549 1,475,474
    PERRIGO CO PLC COM STK 1,218,922 835,548
    QUALCOMM INC 1,036,601 1,070,528
    QURATE RETAIL INC. SERIES A CO 508,068 828,095
    SABRE CORP COM STK 726,625 891,958
    SELECT EQUITY SERIES - BBH WEA 5,250,000 6,035,026
    SPDR PORTFOLIO SHORT TERM CORP 1,396,725 1,394,810
    SPDR TR UNIT SER 1 2,152,805 2,177,635
    SPRUCEGROVE: NON-US EQUITY OFF 838,668 663,848
    STARBUCKS CORP 571,619 667,200
    STATE STREET HEDGED INTERNATIO 1,195,000 1,376,646
    T. ROWE PRICE FUNDS T. ROWE PR 17,391 16,089
    TACS: LARGE CAP CORE (ENHANCED 880,234 3,226,984
    THE 1818 PARTNERS FUND 5,000,000 11,501,724
    TJX COS INC NEW COM 595,768 1,191,940
    U S BANCORP 737,006 1,810,795
    UNILEVER N V-NY SHARES 508,327 738,283
    UNITED PARCEL SERVICE INC CL B 78,066 10,331,367
    UNITED TECHNOLOGIES CORP 573,396 1,163,572
    UNITEDHEALTH GROUP INC COM 400,154 1,969,520
    VANECK VEC OIL SVCS 2,923,548 2,802,400
    VANGUARD FTSE ALL WORLD EX-U S 749,032 815,680
    VANGUARD FTSE EUROPE ETF 503,563 514,300
    VANGUARD FTSE PACIFIC ETF 569,092 656,100
    VANGUARD GLOBAL EX-US REAL EST 392,742 438,223
    VANGUARD MSCI EUROPE PACIFIC 1,147,469 1,755,042
    VANGUARD SHORT TERM CMN SERIES 7,824 7,768
    VANGUARD TOTAL BOND MARKET ETF 1,376,123 1,376,045
    WASTE MANAGEMENT INC 151,003 527,344
    WELLINGTON: NON-US EQUITY OFFS 245,303 843,395
    WELLS FARGO & CO 1,138,122 1,981,220
    ZOETIS INC COM STK 362,134 1,163,988
    VINTAGE V GMBH & CO KG * 0 61,644
    *ENDING BV -219,332    
    ADJUSTED TOTAL 78,061,086    
    SEE COMPLETE ATCH 8 AT END    

    TY 2017 LegalFeesSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES OBERKOTTER 384     384
    LEGAL FEES FOR HEARING FIRST 10,611     10,611


    TY 2017 OtherAssetsSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSIT-RENTAL SPACE (PROGRAM) 4,428 4,428 4,428


    TY 2017 OtherDecreasesSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Description Amount
    CONTRIBUTED STOCK - DIFF. FMV AND COST 2,658,637


    TY 2017 OtherExpensesSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEARING FIRST PLATFORM - SOFTW 151,751     151,751
    PAID MEDIA 108,160     108,160
    INSURANCE 53,361     53,361
    STAFF COMPUTER & SOFTWARE EXP 29,611     29,611
    OFFICE SUPPLIES 3,577     3,577
    CONSULTANT MISC. EXP REIMBURSE 33,606     33,606
    POSTAGE AND DELIVERY 1,488     1,488
    PRINTING AND COPYING 3,281     3,281
    EQUIPMENT RENTAL 1,080     1,080
    BOOKS AND SUBSCRIPTIONS 8,301     8,301
    MISC MARKETING EXPENSES 4,975     4,975
    LICENSES AND FEES 546     546


    TY 2017 OtherIncomeSchedule2
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Ordinary Income FROM PARTNERSHIPS   87,919  
    Misc Investment Losses -20,769 -20,769  
    Other Income/(Expense) from partnerships   -182,732  
    Grant Refunds 178,035    


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HF DIGI ECOSYSTEM CONSULTING 1,453,843     1,453,843
    AWARENSS INITIATVE CONSULTING 708,331     708,331
    ORGANIZATIONAL CONSULTING 181,070     181,070
    GRANTEE ENGAGEMENT CONSULTING 248,888     248,888
    INVESTMENT MANAGEMENT FEES 383,800 383,800    
    ALT INVESTMENT MGMT FEES   19,871    


    TY 2017 TaxesSchedule
    Name:
    OBERKOTTER FOUNDATION
    EIN:
    23-2686151
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 425,000      
    FOREIGN TAXES PAID   17,917    
    DE FRANCHISE TAX 300