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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 07-01-2017 , and ending 06-30-2018
Name of foundation
CHARLES STEWART HARDING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)111 EAST COURT STREET NO 3D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FLINT, MI485021649
A Employer identification number

38-6081208
B Telephone number (see instructions)

(810) 767-0136
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$13,608,154J 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      
4 Dividends and interest from securities... 278,914 278,914  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 440,072
b Gross sales price for all assets on line 6a 2,879,840
7 Capital gain net income (from Part IV, line 2)... 440,072
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 718,986 718,986  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 38,000 34,500   3,500
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 22,190 5,660   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,239 17,036   203
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,429 57,196   3,703
25 Contributions, gifts, grants paid....... 636,000 636,000
26 Total expenses and disbursements. Add lines 24 and 25 713,429 57,196   639,703
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,557
b Net investment income (if negative, enter -0-) 661,790
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............. 7,023 14,820 14,820
2 Savings and temporary cash investments......... 250,753 158,037 158,037
3 Accounts receivable bullet6,965
Less: allowance for doubtful accounts bullet     6,965 6,965
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)....... 6,732,442 Click to see attachment9,292,208 9,292,208
c Investments—corporate bonds (attach schedule)....... 1,132,955 Click to see attachment1,128,505 1,128,505
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,779,501 Click to see attachment3,007,619 3,007,619
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,902,674 13,608,154 13,608,154
Liabilities 17 Accounts payable and accrued expenses.......... 51,866 58,896
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) Click to see attachment4,504 Click to see attachment4,504
23 Total liabilities (add lines 17 through 22)......... 56,370 63,400
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........ 5,045,559 5,045,559
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 5,800,745 8,499,195
29 Total net assets or fund balances (see instructions)..... 10,846,304 13,544,754
30 Total liabilities and net assets/fund balances (see instructions). 10,902,674 13,608,154
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
10,846,304
2
Enter amount from Part I, line 27a .....................
2
5,557
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,737,393
4
Add lines 1, 2, and 3 ..........................
4
13,589,254
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
44,500
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,544,754
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 FROM MFO D&D SMID CAP VALUE FUND JV STMT P   2017-12-31
b FROM MFO D&D SMID CAP VALUE FUND JV STMT P   2017-12-31
c FROM MFO WESTFIELD FUND B JV STMT P   2017-12-31
d FROM MFO WESTFIELD FUND B JV STMT P   2017-12-31
e FROM MFO TOWLE FUND JV STMT P   2017-12-31
FROM MFO TOWLE FUND JV STMT P   2017-12-31
FROM CROSSLINK VENTURES VI,LP JV STMT P   2017-12-31
FROM DRAPER FISHER JURVETSON GROWTH 2006 FUND LP JV STMT P   2017-12-31
FROM DRAPER FISHER JURVETSON GROWTH 2006 FUND LP JV STMT P   2017-12-31
50 ALPHABET INC-CL C GOOG P 2016-02-11 2017-07-05
20 ALPHABET INC-CL C GOOG P 2017-01-11 2017-07-05
230 APPLE INC AAPL P 2012-10-26 2017-07-05
100 APPLE INC AAPL P 2014-01-29 2017-07-05
100 CME GROUP INC CME P 2015-11-04 2017-07-05
150 CME GROUP INC CME P 2015-12-03 2017-07-05
950 CISCO SYSTEMS INC CSCO P 2017-01-12 2017-07-05
50 WALT DISNEY CO/THE DIS P 2013-08-07 2017-07-05
150 DOW CHEMICAL CO DOW P 2015-11-04 2017-07-05
600 DOW CHEMICAL CO DOW P 2014-12-12 2017-07-05
300 HOME DEPOT INC HD P 2008-10-10 2017-07-05
450 JP MORGAN CHASE & CO JPM P 2013-02-22 2017-07-05
550 PAYPAL HOLDINGS INC PYPL P 2015-11-04 2017-07-05
250 PAYPAL HOLDINGS INC PYPL P 2014-03-21 2017-07-05
50 VISA INC-CLASS A SHRS V P 2014-09-03 2017-07-05
250 VISA INC-CLASS A SHRS V P 2014-04-02 2017-07-05
150 ANADARKO PETE CORP APC P 2014-10-28 2017-08-10
400 ANADARKO PETE CORP APC P 2007-01-08 2017-08-10
200 ADVANCE AUTO PARTS INC AAP P 2015-12-17 2017-08-30
100 ADVANCE AUTO PARTS INC AAP P 2016-01-08 2017-08-30
150 CONOCOPHILLIPS COP P 2010-06-17 2017-08-30
400 CONOCOPHILLIPS COP P 2010-08-24 2017-08-30
50 WASTE MANAGEMENT INC WM P 2010-08-24 2017-08-30
100 PEPSICO INC PEP P 2009-08-13 2017-08-30
100 STANLEY BLACK & DECKER INC SWK P 2012-06-28 2017-08-30
100 NORFOLK SOUTHERN CORP NSC P 2015-11-04 2017-08-30
100 NORFOLK SOUTHERN CORP NSC P 2012-05-31 2017-08-30
1450 REGAL ENTERTAINMENT GROUP-A RGC P 2015-06-12 2017-12-05
950 REGAL ENTERTAINMENT GROUP-A RGC P 2015-09-04 2017-12-05
200 STANLEY BLACK & DECKER INC SWK P 2012-06-28 2018-01-31
550 STARBUCKS CORP SBUX P 2017-09-01 2018-06-06
204.307 VANGUARD 500 INDEX FUND VFIAX P 2016-04-06 2018-04-30
358.889 VANGUARD 500 INDEX FUND VFIAX P 2016-04-06 2018-04-30
251.749 VANGUARD 500 INDEX FUND VFIAX P 2016-04-05 2018-04-30
2.282 VANGUARD 500 INDEX FUND VFIAX P 2013-05-28 2018-04-30
194.356 VANGUARD 500 INDEX FUND VFIAX P 2013-05-28 2018-06-13
335.768 VANGUARD REIT INDEX FUND VGSLX P 2017-04-10 2018-01-25
1485.064 VANGUARD REIT INDEX FUND VGSLX P 2016-05-02 2018-01-25
1267.767 VANGUARD REIT INDEX FUND VGSLX P 2013-11-06 2018-01-25
14425.872 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2011-08-03 2017-08-03
918 BOX INC CL A BOX P 2011-08-03 2017-11-09
245 TWITTER INC TWTR P 2011-04-07 2018-01-08
26 COUPA SOFTWARE INC COUP P 2015-05-26 2018-01-31
244 BOX INC CL A BOX P 2013-10-15 2018-05-25
201 BOX INC CL A BOX P 2012-08-14 2018-05-25
25 BOX INC CL A BOX P 2011-08-03 2018-05-25
58 BOX INC CL A BOX P 2011-08-22 2018-05-25
6619.594 CATALYST HEDGED FUTURES STRATEGY FUND CL I HFXIX P 2016-05-26 2017-10-03
18099.548 CATALYST HEDGED FUTURES STRATEGY FUND CL I HFXIX P 2015-09-17 2017-10-03
22686.025 CATALYST HEDGED FUTURES STRATEGY FUND CL I HFXIX P 2015-10-19 2017-10-03
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 55,469   62,408 -6,939
b 178,049   158,391 19,658
c 113,528   112,561 967
d 149,845   132,492 17,353
e 66,613   80,250 -13,637
381,942   193,443 188,499
3,616     3,616
    34 -34
    2,858 -2,858
45,400   33,778 11,622
18,160   16,100 2,060
33,001   19,853 13,148
14,348   7,168 7,180
12,642   9,544 3,098
18,962   14,314 4,648
29,502   28,573 929
5,302   3,301 2,001
9,469   7,765 1,704
37,875   26,553 11,322
45,608   5,856 39,752
42,018   21,908 20,110
29,624   20,883 8,741
13,465   8,683 4,782
4,700   2,687 2,013
23,498   13,369 10,129
6,659   13,458 -6,799
17,757   16,617 1,140
19,454   30,868 -11,414
9,727   14,626 -4,899
6,483   6,332 151
17,287   16,510 777
3,840   1,669 2,171
11,516   5,647 5,869
13,971   6,273 7,698
12,074   8,059 4,015
12,074   6,613 5,461
32,566   29,708 2,858
21,336   17,753 3,583
33,173   12,547 20,626
31,339   30,263 1,076
50,000   38,967 11,033
87,831   68,451 19,380
61,611   47,500 14,111
558   350 208
50,000   29,832 20,168
38,049   39,596 -1,547
168,287   171,137 -2,850
143,663   117,484 26,179
198,500   183,209 15,291
20,015   7,373 12,642
5,868   3,028 2,840
978   435 543
6,636   4,392 2,244
5,466   2,632 2,834
680   201 479
1,577   466 1,111
55,936   75,000 -19,064
152,941   200,000 -47,059
191,697   250,000 -58,303
57,655     57,655
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       -6,939
b       19,658
c       967
d       17,353
e       -13,637
      188,499
      3,616
      -34
      -2,858
      11,622
      2,060
      13,148
      7,180
      3,098
      4,648
      929
      2,001
      1,704
      11,322
      39,752
      20,110
      8,741
      4,782
      2,013
      10,129
      -6,799
      1,140
      -11,414
      -4,899
      151
      777
      2,171
      5,869
      7,698
      4,015
      5,461
      2,858
      3,583
      20,626
      1,076
      11,033
      19,380
      14,111
      208
      20,168
      -1,547
      -2,850
      26,179
      15,291
      12,642
      2,840
      543
      2,244
      2,834
      479
      1,111
      -19,064
      -47,059
      -58,303
      57,655
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 2 440,072
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 615,670 12,858,105 0.047882
2017 681,340 12,425,671 0.054833
2016 649,941 13,796,835 0.047108
2015 590,020 13,379,421 0.044099
2014 570,770 12,157,807 0.046947
2
Total of line 1, column (d) .....................
2
0.240869
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
0.048174
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
13,449,895
5
Multiply line 4 by line 3......................
5
647,935
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,618
7
Add lines 5 and 6........................
7
654,553
8
Enter qualifying distributions from Part XII, line 4,.............
8
639,703
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 13,236
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 13,236
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 13,236
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 11,434
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,934
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 4,698
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet4,698 RefundedBullet 11 0
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$ 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 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)
    bulletMI
    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 addressbulletN/A
    14
    The books are in care ofbulletROBERT T BROWNLEE JR Telephone no.bullet (810) 767-0136

    Located atbullet111 EAST COURT STREET SUITE 3DFLINTMI ZIP+4bullet485021649
    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
     
     
    .........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
    CLAIRE MOTT WHITE DECEASED PRESIDENT & TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    C EDWARD WHITE JR SECRETARY & ASST TREASURER
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    WILLIAM S WHITE TREASURER, V.P. & TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    PAULA M TURRENTINE TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    TIFFANY W LOVETT TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    RIDGWAY H WHITE TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    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 (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
    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 THE FOUNDATION DID NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES AND DID NOT MAKE ANY PROGRAM RELATED INVESTMENTS. NO ALLOCATION OF ADMINISTRATIVE EXPENSES IS MADE OTHER THAN THE AMOUNT IN PART I, COLUMN D. 0
    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 SEE PART IX-A ABOVE. 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    10,286,737
    b
    Average of monthly cash balances.......................
    1b
    586,770
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,781,209
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,654,716
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,654,716
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    204,821
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,449,895
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    672,495
    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
    672,495
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    13,236
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    13,236
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    659,259
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    659,259
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    659,259
    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
    639,703
    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
     
    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
    639,703
    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
    639,703
    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 7 659,259
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 635,675
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 639,703
    a Applied to 2018, but not more than line 2a 635,675
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 4,028
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		655,231
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    TIMOTHY C SANFORD FAX 810-767-1207
    C/O MFO MANAGEMENT COMPANY 111 E
    COURT STREET SUITE 3D
    FLINT,MI485021649
    (810) 767-0136
    bThe form in which applications should be submitted and information and materials they should include:
    INITIAL SUBMISSION SHOULD BE IN THE FORM OF A LETTER EXPLAINING THE ORGANIZATION AND THE PURPOSE OF THE REQUEST.
    cAny submission deadlines:
    A FORMAL SUBMISSION DEADLINE HAS NOT BEEN ESTABLISHED.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION WAS FORMED TO MAKE CONTRIBUTIONS TO WORTHY ORGANIZATIONS, MAINLY CHARITABLE AND EDUCATIONAL, WHICH ARE QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
    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
    ALFRED PSLOAN MUSEUM
    1221 E KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 21,000
    BILL OF RIGHTS INSTITUTE
    200 NORTH GLEBE RD SUITE 200
    ARLINGTON,VA22203     		NONE PC GENERAL OPERATING 218,000
    FIRST CHURCH OF CHRIST SCIENTIST
    4527 BELLAIRE BLVD
    BELLAIRE,TX77401     		NONE PC GENERAL OPERATING 100,000
    FLINT CULTURAL CENTER CORPORATION
    601 EAST SECOND STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 50,000
    FLINT INSTITUTE OF ARTS
    1120 E KEARSLEY STREET
    FLINT,MI485031991     		NONE PC GENERAL OPERATING & ART SCHOOL ENDOWMENT 170,000
    FLINT INSTITUTE OF MUSIC
    1025 EAST KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 50,000
    FLINT YOUTH THEATRE
    1220 EAST KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 5,000
    GREATER FLINT ARTS COUNCIL
    816 SOUTH SAGINAW STREET
    FLINT,MI48502     		NONE PC GENERAL OPERATING 5,000
    ROBERT T LONGWAY PLANETARIUM
    1310 E KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 5,000
    WHALEY CHILDREN'S CENTER
    1201 N GRAND TRAVERSE STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 1,000
    YWCA OF GREATER FLINT
    801 S SAGINAW STREET
    FLINT,MI48502     		NONE PC GENERAL OPERATING 11,000
    Total .................................bullet 3a 636,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 278,914  
    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 ............     		    18 440,072  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 718,986 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    718,986
    (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.)
    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

    TY 2017 AccountingFeesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MFO MANAGEMENT FEE 38,000 34,500   3,500
    TAX & AUDIT FEE 0 0   0

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK FLOATING RATE INCOME PORTFOLIO 29106.323 SHS 294,551 294,551
    TEMPLETON GLOBAL BOND FUND 8927.523 SHS 102,399 102,399
    VANGUARD FIXED INC SECS HIGH YIELD CORPORATE FD, 44220.726 SHS. 252,058 252,058
    VANGUARD FIXED INC SEC STRM INVEST GRADE, 45840.967 SHS. 479,497 479,497

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC/CA-CL C, 30 SHS. 33,470 33,470
    APPLE INC 215 SHS 39,799 39,799
    BLACKROCK INC 125.00 SHS 62,380 62,380
    CBOE GLOBAL MARKETS INC 300 SHS 31,221 31,221
    CISCO SYSTEMS INC, 1000 SHS 43,030 43,030
    CME GROUP INC, 250 SHS. 40,980 40,980
    COCA-COLA COMPANY (THE), 1050.00 SHS. 46,053 46,053
    COSTCO WHOLSALE CORP NEW 200 SHS 41,796 41,796
    DOWDUPONT INC 500 SHS 32,960 32,960
    DUNKIN BRANDS GROUP INC 900 SHS. 62,163 62,163
    GOLDMAN SACHS GROUP INC, 200 SHS. 44,114 44,114
    HOME DEPOT, INC. (THE), 200 SHS. 39,020 39,020
    JPMORGAN CHASE & CO 350 SHS. 36,470 36,470
    LOWES COS INC COM 600 SHS 57,342 57,342
    MONDELEZ INTERNATIONAL, 1200 SHS 49,200 49,200
    NORFOLK SOUTHERN CORPORATION 250 SHS. 37,718 37,718
    PAYPAL HOLDINGS INC 600 SHS. 49,962 49,962
    PEPSICO, INC. 400 SHS. 43,548 43,548
    PHILLIPS 66 550.00 SHS. 61,771 61,771
    QUALCOMM INCORPORATED 1150 SHS. 64,538 64,538
    RAYTHEON COMPANY 200 SHS 38,636 38,636
    SCHLUMBERGER LIMITED, 400.00 SHS. 26,812 26,812
    TARGA RESOURCES CORP, 1000.00 SHS 49,490 49,490
    THE KRAFT HEINZ CO 550 SHS 34,551 34,551
    TJX COS INC NEW, 650.00 SHS. 61,867 61,867
    UNITED PARCEL SVC CL B 450.00 SHS. 47,804 47,804
    UNITED TECHNOLOGIES CORPORATION, 400.00 SHS. 50,012 50,012
    VAIL RESORTS INC 75 SHS 20,564 20,564
    VANECK VECTORS GOLD MINERS ETF 2050 SHS 45,736 45,736
    VANGUARD 500 INDEX FUND 6332.411 SHS 1,589,309 1,589,309
    VERIZON COMMUNICATIONS INC., 750.00 SHS. 37,733 37,733
    VISA INC CL A SHRS, 350 SHS 46,358 46,358
    WALT DISNEY CO/THE 300 SHS 31,443 31,443
    WASTE MANAGEMENT INC., 600 SHS. 48,804 48,804
    CROWN CASTLE INTL CORP 450 SHS 48,519 48,519
    VANGUARD GLOBAL EX-US REAL ESTATE INDEX FD 11662.786 SHS 410,064 410,064
    VANGUARD REIT INDEX FUND, 4301.781 SHS 465,066 465,066
    DREYFUS TOTAL EMERGING MARKETS CL I, 57433.973 SHS 777,082 777,082
    TEMPLETON INSTL. FOREIGN EQUITY FUND, 28578.791 SHS. 606,442 606,442
    VANGUARD DEV MKT INDX-ADM, 52894.146 SHS 729,939 729,939
    MFO - D&D DMID CAP VALUE FUND, 602729.0730421 SHS. 858,563 858,563
    MFO - TOWLE FUND, 86109.1781901 SHS. 746,071 746,071
    MFO - WESTFIELD FUND B, 17339.3023116 SHS. 840,019 840,019
    VANGUARD SMALL CAP INDEX - ADM 10327.0830000 SHS 763,789 763,789

    TY 2017 InvestmentsOtherSchedule2
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BALTER LONG/SHORT EQUITY INSTITUTIONAL FUND 46427.070 SHS. FMV 560,375 560,375
    CATALYST/MILBURN HEDGE STRATEGY FUND 21661.464 SHS FMV 677,787 677,787
    CROSSLINK VI VENTURE FUND FMV 60,812 60,812
    DFJ GROWTH 2016, LP FMV 52,676 52,676
    DRAPER FISHER JURVETSON GROWTH FUND LP FMV 223,608 223,608
    GOLDMAN SACHS MLP ENERGY INFASTRUCTURE FUND FMV 550,107 550,107
    NEXTERA ENERGY PARTNERS LP FMV 79,339 79,339
    OTTER CREEK LONG/SHORT OPPORTUNITY FUND 45275.106 SHS FMV 517,494 517,494
    PERSHING SQUARE HOLDINGS USD PAR ORDINARY 15650.00 SHS FMV 228,490 228,490
    WILLIAMS COS INC 2100 SHS FMV 56,931 56,931

    TY 2017 OtherDecreasesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Amount
    DEFERRED EXCISE TAX EXPENSE PER AUDIT 44,500


    TY 2017 OtherExpensesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE OF MICHIGAN ANNUAL FILING FEE 20 0   20
    FROM CROSSLINK VENTURES VI SCHEDULE K-1 599 599   0
    FROM DRAPER FISHER JURVETSON GROWTH FUND SCHEDULE K-1 770 770   0
    FROM MFO TOWLE FUND JOINT VENTURE STMT 4,890 4,890   0
    FROM MFO WESTFIELD FUND B JOINT VENTURE STMT 4,162 4,162   0
    FROM MFO D&D SMID CAP VALUE FUND JOINT VENTURE STMT 4,653 4,653   0
    FROM DFJ GROWTH III K-1 1,962 1,962   0
    BANK FEES 30 0   30
    MISCELLANEOUS EXPENSE 153 0   153


    TY 2017 OtherIncreasesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Amount
    DEFERRED EXCISE TAX INCOME 35,000
    UNREALIZED GAIN/LOSSES 2,702,393


    TY 2017 OtherLiabilitiesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Beginning of Year - Book Value End of Year - Book Value
    CAPITAL COMMITMENT - CROSSLINK VI 4,504 4,504


    TY 2017 TaxesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 5,415 5,415   0
    FOREIGN TAXES FROM D&D SMID CAP VALUE FUND 155 155   0
    FOREIGN TAXES FROM MFO TOWLE FUND JOINT VENTURE STMT 90 90   0
    FEDERAL EXCISE TAXES AND DEFERRED FEDERAL EXCISE TAXES 16,530 0   0