TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
LAHTI FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 75000
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI482757874

A Employer identification number

20-2988335

B Telephone number (see instructions)

(612) 215-3602

C If exemption application is pending, check here bullet

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

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

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

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

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

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

$1,791,682J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	44,059		43,587
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		64,086
b	Gross sales price for all assets on line 6a 868,678
7	Capital gain net income (from Part IV, line 2)...			64,086
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......			36
12	Total. Add lines 1 through 11........	108,145		107,709
13	Compensation of officers, directors, trustees, etc.	11,024		9,922		1,102
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,000	500	0	500
c	Other professional fees (attach schedule)....		27,235	27,235		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		5,419	1,065		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		313	313
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	44,991		39,035	0	1,602
25	Contributions, gifts, grants paid.......	109,000				109,000
26	Total expenses and disbursements. Add lines 24 and 25	153,991		39,035	0	110,602
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-45,846
b	Net investment income (if negative, enter -0-)			68,674
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,313
	2	Savings and temporary cash investments.........	41,750	55,181	55,181
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	851,668	933,743	1,050,746
	c	Investments—corporate bonds (attach schedule).......	753,708	696,996	685,755
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	81,013		0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,729,452	1,685,920	1,791,682
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	1,729,452	1,685,920
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	1,729,452	1,685,920
	31	Total liabilities and net assets/fund balances (see instructions).	1,729,452	1,685,920

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

1,729,452

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

-45,846

Other increases not included in line 2 (itemize) bullet

2,819

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

1,686,425

Decreases not included in line 2 (itemize) bullet

505

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

1,685,920

Form 990-PF (2018)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	.04 ACS ACTIV DE CONSTRUC Y SERV ADR		2016-12-30	2018-02-23
b	13. ACS ACTIV DE CONSTRUC Y SERV ADR		2016-12-30	2018-05-08
c	13. AIA GROUP LTD ADR		2017-04-18	2018-04-24
d	6. AIA GROUP LTD ADR		2017-03-13	2018-05-08
e	16. AIA GROUP LTD ADR		2017-03-13	2018-11-28
	61. AIA GROUP LTD ADR		2017-04-18	2018-12-19
	.614 AT&T INC		2018-06-18	2018-06-20
	31. AT&T INC		2018-06-18	2018-07-17
	1000. AT&T INC 3.95% 01/15/2025-2024		2015-10-07	2018-01-26
	3000. AT&T INC 3.95% 01/15/2025-2024		2017-09-22	2018-01-26
	2000. AT&T INC 3.95% 01/15/2025-2024		2015-10-07	2018-08-21
	6000. ABBVIE INC 1.8% 05/14/2018		2018-04-13	2018-05-14
	7. ADVANCE AUTO PARTS		2016-11-28	2018-08-10
	2. ADVANCE AUTO PARTS		2016-11-28	2018-08-21
	4. ADVANCE AUTO PARTS		2016-11-28	2018-09-27
	5. AIRBUS GROUP ADR		2017-04-10	2018-04-24
	6. AIRBUS GROUP ADR		2016-10-12	2018-05-08
	19. AIRBUS GROUP ADR		2016-10-12	2018-07-18
	5. ALEXANDRIA REAL ESTATE EQUITIES, INC (REIT)		2012-12-04	2018-01-16
	6. ALEXANDRIA REAL ESTATE EQUITIES, INC (REIT)		2012-12-04	2018-01-22
	34. ALEXANDRIA REAL ESTATE EQUITIES, INC (REIT)		2013-10-23	2018-07-09
	77. ALLETE INC		2018-04-19	2018-09-17
	2. ALPHABET INC CL C		2009-03-25	2018-02-08
	2. ALPHABET INC CL C		2009-03-25	2018-03-20
	37. AMADEUS IT HLDG S A ADR		2017-04-18	2018-05-17
	28. AMBEV S A SPONSORED ADR		2016-09-07	2018-05-08
	390. AMBEV S A SPONSORED ADR		2017-04-18	2018-06-28
	8000. AMERICAN EXPRESS CR CORP 2.6% 09/14/2020		2015-10-13	2018-02-28
	20. APPLE COMPUTER INC		2016-06-23	2018-05-08
	15000. APPLE INC 2.03698% 05/03/2018		2015-04-09	2018-05-03
	25. ARCELORMITTAL SA LUXEMBOURG		2017-05-05	2018-01-31
	3. ARCELORMITTAL SA LUXEMBOURG		2017-05-05	2018-05-08
	.667 ARCOSA INC		2017-11-17	2018-11-09
	209. ASSA ABLOY AB ADR		2017-04-18	2018-01-25
	5. AXA-UAP SPON ADR ONE ADR REPRESENTS 1/2 SHR		2016-10-13	2018-05-08
	2. BAE SYSTEMS PLC		2017-09-26	2018-05-08
	35. BHP BILLITON PLC ADR		2017-04-18	2018-04-25
	2. BHP BILLITON PLC ADR		2016-09-08	2018-05-08
	72. BNP PARIBAS ADR		2017-02-08	2018-05-17
	2. BAIDU COM INC SPONSORED ADR		2017-05-12	2018-03-26
	1. BAIDU COM INC SPONSORED ADR		2017-05-02	2018-05-08
	5. BAIDU COM INC SPONSORED ADR		2017-05-12	2018-08-07
	287. BANCO BILBAO VIZCAYA SP ADR		2016-10-11	2018-02-21
	18. BANCO SANTANDER CENTRAL SPON ADR		2018-02-21	2018-05-08
	26. BANK OF AMERICA CORP		2015-03-20	2018-02-13
	2. BAYER AG ADR		2017-10-13	2018-05-08
	131. BAYER AG ADR			2018-07-02
	131. BAYER AG ADR		2018-06-26	2018-08-23
	10. BERKSHIRE HATHAWAY INC CL B		2014-01-27	2018-03-28
	5. BOEING CO COMMON		2017-02-08	2018-06-07
	59. BOOZ ALLEN HAMILTON HLDG CORP		2016-02-02	2018-04-17
	2. BRITISH AMERN TOB PLC SPONSORED ADR		2017-12-08	2018-05-08
	17. BRITISH AMERN TOB PLC SPONSORED ADR		2017-12-08	2018-06-26
	30. BRITISH AMERN TOB PLC SPONSORED ADR		2017-04-18	2018-12-19
	39. BRITISH AMERN TOB PLC SPONSORED ADR		2018-05-17	2018-12-19
	9. BROADCOM INC		2018-09-26	2018-11-15
	20. BURLINGTON STORES INC		2018-04-18	2018-12-11
	9. CK HUTCHISON HLDGS LTD - UNSP ADR		2016-03-21	2018-05-08
	184. CK HUTCHISON HLDGS LTD - UNSP ADR		2017-04-18	2018-11-16
	1. CME GROUP INC		2017-04-18	2018-04-24
	10. CME GROUP INC		2017-06-06	2018-12-19
	5. CSX CORP		2017-12-18	2018-04-24
	16000. CVS/CAREMARK CORP 2.875% 06/01/2026-2026		2017-05-23	2018-01-18
	4. CABLE ONE INC		2016-02-22	2018-10-30
	1. CABLE ONE INC		2016-02-22	2018-11-23
	12. CANADIAN NATURAL RESOURCES LTD ADR		2018-03-05	2018-10-12
	74. CANADIAN NATURAL RESOURCES LTD ADR		2017-04-03	2018-10-12
	8. CARLSBERG AS ADR		2017-04-18	2018-05-08
	24. CARREFOUR SA SPONSORED ADR		2017-08-08	2018-05-08
	406. CARREFOUR SA SPONSORED ADR		2016-11-22	2018-07-13
	106. CARREFOUR SA SPONSORED ADR		2017-08-08	2018-07-13
	32. CEDAR FAIR LP		2016-03-04	2018-01-19
	43. CEDAR FAIR LP		2016-01-22	2018-02-01
	26. CENTENNIAL RESOURCE DEV INC		2018-04-20	2018-07-09
	3. CERNER CORP		2017-04-18	2018-02-27
	56. CERNER CORP		2017-02-08	2018-02-27
	16. CHENIERE ENERGY INC		2016-11-07	2018-01-03
	10. CHENIERE ENERGY INC		2016-11-07	2018-02-12
	11. CHENIERE ENERGY INC		2017-04-26	2018-05-09
	10. COLUMBIA SPORTSWEAR CO		2016-10-28	2018-05-08
	77. COMFORT SYSTEM USA INC		2017-09-14	2018-07-09
	7000. CONSUMERS ENERGY 6.7% 09/15/2019		2018-10-11	2018-11-30
	52. CTRIP.COM INTL LTD ADR AMERICAN DEP SHS		2018-06-29	2018-11-27
	2. CURTISS WRIGHT CORP		2016-12-06	2018-04-18
	37. CURTISS WRIGHT CORP		2016-12-30	2018-04-19
	11. DBS GROUP HLDGS LTD SPONSORED ADR		2016-05-23	2018-02-14
	8. DNB NOR ASA ADR		2016-10-31	2018-05-08
	9. DANONE SPONSORED ADR		2017-04-18	2018-04-24
	8000. DEERE JOHN CAP CORP 1.95% 12/13/2018		2014-01-28	2018-08-21
	49. DEUTSCHE BOERSE ADR		2017-10-13	2018-03-05
	28. DEUTSCHE BOERSE ADR		2017-10-13	2018-12-03
	10. DIAMONDBACK ENERGY INC		2016-06-21	2018-04-18
	9. DIAMONDBACK ENERGY INC		2016-06-21	2018-07-09
	5. DIAMONDBACK ENERGY INC		2016-06-21	2018-09-10
	26. DIAMONDBACK ENERGY INC		2016-04-01	2018-10-09
	22. DISCOVER FINL SVCS		2015-02-06	2018-01-08
	15. DISCOVER FINL SVCS		2017-04-26	2018-10-19
	25. DOLLAR GEN CORP NEW		2017-06-06	2018-05-17
	8000. DOMINION RESOURCES INC SR NT 2011 SER A		2011-11-22	2018-01-29
	2000. DOMINION RESOURCES INC SR NT 2011 SER A		2017-04-18	2018-01-29
	36. DOWDUPONT INC		2017-04-18	2018-01-25
	9. DOWDUPONT INC		2017-02-03	2018-02-13
	9. E.ON AG SPON ADR		2016-02-11	2018-05-08
	19. EQT CORP		2017-11-16	2018-05-09
	5. EAGLE MATERIALS INC		2017-02-06	2018-05-31
	5. EAGLE MATERIALS INC		2017-09-28	2018-07-13
	5. EDGEWELL PERS CARE CO		2014-02-10	2018-02-14
	26. EDGEWELL PERS CARE CO		2014-02-07	2018-04-20
	25. EDWARDS LIFESCIENCES CORP		2017-03-06	2018-03-28
	20. EDWARDS LIFESCIENCES CORP		2017-03-06	2018-05-08
	90. ENBRIDGE INC ADR		2017-12-18	2018-07-25
	46. ENBRIDGE INC ADR		2017-02-08	2018-07-25
	43. ENERGIZER HLDGS INC NEW		2015-12-15	2018-04-19
	47. ENERGIZER HLDGS INC NEW		2015-12-03	2018-12-19
	10. ENGIE ADR		2016-08-11	2018-05-08
	2000. ENTERPRISE PRODS OPER LLC 4.85% 03/15/20		2014-10-03	2018-01-30
	2. ESSILOR INTL ADR		2017-02-01	2018-05-08
	35. FLIR SYS INC		2015-08-25	2018-05-10
	20. FACEBOOK INC		2018-02-09	2018-05-08
	104. FANUC LTD ADR		2017-04-18	2018-01-25
	108. FANUC LTD ADR		2017-02-08	2018-03-27
	7. FAST RETAILING CO LTD ADR		2017-11-29	2018-04-16
	3. FAST RETAILING CO LTD ADR		2017-11-29	2018-05-08
	60. FAST RETAILING CO LTD ADR		2017-11-29	2018-09-20
	30. FASTENAL CO		2016-11-09	2018-03-28
	115. FASTENAL CO		2016-11-09	2018-04-16
	2000. FEDERAL NATL MTG ASSN 1.375% 02/26/2021		2016-06-23	2018-02-28
	38000. FEDERAL NATL MTG ASSN 1.375% 02/26/2021		2017-02-10	2018-09-13
	19000. FEDERAL NATL MTG ASSN 2.125% 04/24/2026		2017-02-28	2018-04-13
	6000. FEDERAL NATL MTG ASSN 2.125% 04/24/2026		2018-01-30	2018-04-13
	2000. FEDERAL NATL MTG ASSN 2.625% 09/06/2024		2016-03-03	2018-04-24
	18000. FEDERAL NATL MTG ASSN 2.625% 09/06/2024		2016-03-03	2018-04-25
	20000. FEDERAL NATL MTG ASSN 2.625% 09/06/2024		2015-11-05	2018-05-08
	7000. FIFTH THIRD BANK 4.5% 06/01/2018		2017-06-28	2018-06-01
	40. FIRST DATA CORP CLASS A		2017-10-27	2018-05-09
	125. FLOWERS FOODS INC		2016-05-11	2018-01-16
	21. GALLAGHER ARTHUR J & CO		2018-01-16	2018-04-17
	2. GALLAGHER ARTHUR J & CO		2018-01-16	2018-12-10
	44. GALLAGHER ARTHUR J & CO		2017-08-11	2018-12-10
	117. GENERAL ELECTRIC CO		2016-11-21	2018-01-16
	13. GENERAL ELECTRIC CO		2017-04-26	2018-01-16
	8000. GENERAL ELEC CAP CORP 3.1% 01/09/2023		2013-05-28	2018-01-16
	8. GIBRALTAR INDUSTRIES INC		2017-07-11	2018-05-30
	68. GIBRALTAR INDUSTRIES INC		2017-07-11	2018-07-09
	15. GLAXO WELLCOME PLC ADR		2016-09-12	2018-04-27
	21. GODADDY INC CLASS A		2017-12-18	2018-09-26
	75. GREAT WESTN BANCORP INC		2016-12-30	2018-01-12
	67. GREAT WESTN BANCORP INC		2017-01-24	2018-04-19
	4. HSBC HOLDINGS PLC-SPONS ADR		2014-09-23	2018-05-08
	40. HANESBRANDS INC		2017-09-13	2018-05-18
	38. HANESBRANDS INC		2016-05-11	2018-05-30
	2. HANESBRANDS INC		2017-09-13	2018-05-30
	74. HANESBRANDS INC		2017-05-09	2018-06-06
	12. HENRY JACK & ASSOC INC		2017-04-04	2018-08-21
	21. HESS CORP COM		2015-07-08	2018-05-09
	2. HESS CORP COM		2015-07-08	2018-08-30
	51. HEXCEL CORP NEW		2009-04-16	2018-01-25
	2. HEXCEL CORP NEW		2017-04-18	2018-01-25
	22. HIGHWOODS PROPERTIES INC		2017-04-12	2018-01-17
	44. HIGHWOODS PROPERTIES INC		2016-08-11	2018-01-17
	70. HOME BANCSHARES INC		2018-01-18	2018-05-10
	14. HUNTINGTON INGALLS INDS INC		2016-02-22	2018-01-11
	41. IMPERIAL BRANDS PLC SPONSORED ADR		2017-04-18	2018-06-07
	23. INCYTE GENOMICS, INC		2018-03-27	2018-11-15
	22. INCYTE GENOMICS, INC		2017-04-18	2018-11-15
	52. INTEGRA LIFESCIENCES CORP		2018-02-27	2018-05-30
	147. INTERFACE INC CL A		2016-08-01	2018-01-12
	106. INTERPUBLIC GROUP COS INC		2014-04-25	2018-01-29
	6. INTESA SANPAOLO S P A ADR		2016-05-20	2018-05-08
	11. J & J SNACK FOODS		2016-08-11	2018-01-18
	11. J P MORGAN CHASE & CO		2004-08-13	2018-05-09
	34. J2 GLOBAL INC		2012-06-01	2018-01-11
	28. J2 GLOBAL INC		2012-06-01	2018-02-14
	14. JULIUS BAER GROUP LTD ADR		2017-04-18	2018-05-08
	39. KBC GROUP NV ADR		2018-01-25	2018-07-25
	51. KBC GROUP NV ADR		2017-04-18	2018-11-15
	3. KBC GROUP NV ADR		2018-01-25	2018-11-15
	84. KAPSTONE PAPER & PACKAGING CORP		2015-10-16	2018-01-30
	42. KAPSTONE PAPER & PACKAGING CORP		2015-10-16	2018-02-06
	68. KEMPER CORP DEL		2017-04-19	2018-02-16
	80. KOMATSU LTD ADR		2016-12-22	2018-01-26
	125. KONINKLIJKE (ROYAL) PHILIPS ELECTRONICS NY SHR		2016-02-09	2018-03-01
	175. KRAFT HEINZ CO		2016-12-08	2018-07-31
	4. KUBOTA CORP ADR FORMERLY		2018-07-17	2018-11-28
	3. LAS VEGAS SANDS CORP		2017-04-18	2018-04-24
	30. LITHIA MTRS INC - CL A		2018-07-11	2018-12-19
	6. LITTLEFUSE INC		2017-10-24	2018-04-17
	29. LLOYDS TSB GROUP PLC SPON ADR		2017-10-05	2018-05-08
	346. LLOYDS TSB GROUP PLC SPON ADR		2018-11-27	2018-12-31
	20. MKS INSTRUMENTS INC		2018-10-10	2018-10-30
	60. MACYS INC		2016-12-23	2018-01-23
	64. MACYS INC		2017-01-18	2018-01-25
	107. MCDERMOTT INTERNATIONAL INC		2018-01-17	2018-11-01
	14. METHODE ELECTRONICS INC CL A		2017-11-07	2018-07-19
	72. METHODE ELECTRONICS INC CL A		2018-01-22	2018-10-23
	7000. METLIFE INC SR DEB SECS SER A 6.817% 08/		2018-04-25	2018-08-15
	2. MICROSOFT CORP		2017-04-18	2018-04-24
	2000. MIDAMERICAN ENERGY HLDGS 6.125% 04/01/20		2006-11-28	2018-02-28
	4000. MIDAMERICAN ENERGY HLDGS SR NT 5.75% 04/		2017-04-28	2018-04-02
	9. MIDDLEBY CORP		2017-07-27	2018-04-17
	6. MITSUBISHI ESTATE LTD ADR		2013-08-14	2018-05-08
	117. MITSUBISHI ESTATE LTD ADR		2016-06-24	2018-06-11
	24. MITSUBISHI ESTATE LTD ADR		2017-10-05	2018-06-11
	14. MONSANTO CO		2017-02-08	2018-02-27
	1. MONSANTO CO		2017-04-04	2018-02-27
	1. MOODY'S CORPORATION		2017-04-04	2018-04-24
	8000. MORGAN STANLEY 3.75% 02/25/2023		2013-02-21	2018-01-31
	1. NEWELL RUBBERMAID INC		2017-04-04	2018-03-27
	53. NEWELL RUBBERMAID INC		2017-02-08	2018-03-27
	69. NEWELL RUBBERMAID INC		2018-05-17	2018-09-26
	104. NEWFIELD EXPLORATION CO		2017-05-04	2018-12-28
	.8 NUTRIEN LTD		2017-08-16	2018-01-29
	5. OCCIDENTAL PETROLEUM CORP		2017-04-18	2018-02-27
	45. OCCIDENTAL PETROLEUM CORP		2017-02-08	2018-02-27
	10000. OHIO ST HIGHER EDUCTNL FAC TXBL-REF-UNIV OF DAYTON 3.95% 12/01		2015-03-04	2018-04-18
	17. ORACLE CORPORATION		2016-12-14	2018-09-14
	2000. ORACLE CORPORATION 3.9% 05/15/2035-2034		2015-04-29	2018-01-26
	7. ORANGE ADR		2016-04-14	2018-05-08
	4. OTSUKA HLDGS CO LTD ADR		2016-12-21	2018-05-08
	6000. PACIFICORP 5.65% 07/15/2018		2018-05-08	2018-07-16
	92. PANASONIC CORP ADR		2016-12-02	2018-02-01
	10. PANASONIC CORP ADR		2017-09-29	2018-05-08
	122. PANASONIC CORP ADR		2016-12-02	2018-05-24
	58. PANASONIC CORP ADR		2017-09-29	2018-05-24
	11. PARSLEY ENERGY INC - CLASS A		2017-05-09	2018-01-19
	151. PARSLEY ENERGY INC - CLASS A		2016-11-18	2018-01-19
	31. PAYPAL HLDGS INC		2014-10-16	2018-01-09
	67. PFIZER INC		2010-04-26	2018-07-19
	1. PHILIP MORRIS INTL INC		2018-01-25	2018-05-08
	5. PHILIP MORRIS INTL INC		2018-01-25	2018-11-01
	37. QUALCOMM INC		2017-04-10	2018-09-26
	41. QUALCOMM INC		2017-10-25	2018-11-15
	128. RSP PERMIAN INC		2016-06-21	2018-04-17
	7. RAYTHEON COMPANY		2004-08-13	2018-04-18
	97. RENASANT CORP		2017-08-30	2018-09-20
	141. ROCHE HLDG LTD SPON ADR		2017-02-08	2018-02-27
	7. ROCHE HLDG LTD SPON ADR		2017-04-18	2018-02-27
	5. ROCHE HLDG LTD SPON ADR		2013-08-14	2018-05-08
	16. ROCHE HLDG LTD SPON ADR		2013-08-14	2018-11-28
	20. ROSS STORES INC		2016-06-17	2018-05-08
	30. ROSS STORES INC		2016-06-17	2018-05-21
	65. ROSS STORES INC		2017-05-31	2018-08-20
	19. ROYAL DSM N V KONINKLIJKE DSM NV-SPONS A		2013-08-14	2018-01-31
	4. ROYAL DSM N V KONINKLIJKE DSM NV-SPONS A		2013-08-14	2018-05-08
	3. ROYAL DUTCH SHELL PLC-ADR A		2017-04-18	2018-05-08
	43. ROYAL PTT NEDERLAND SPONSORED ADR		2017-04-18	2018-04-04
	694. ROYAL PTT NEDERLAND SPONSORED ADR		2016-12-02	2018-04-04
	23. RYANAIR HLDGS PLC SPON ADR		2018-01-25	2018-11-15
	7. SAFRAN S A ADR		2017-04-18	2018-04-24
	43. SAFRAN S A ADR		2017-04-04	2018-07-25
	1. SAP AG SPONSORED ADR SAP AKTIENGESELLSCHAFT		2018-01-31	2018-05-08
	3. SCHLUMBERGER LTD		2017-04-18	2018-05-08
	11. SCHLUMBERGER LTD		2016-05-18	2018-06-26
	40. SCHLUMBERGER LTD		2014-12-04	2018-07-20
	180. SCHLUMBERGER LTD		2015-08-21	2018-11-14
	36. SCHLUMBERGER LTD		2018-01-25	2018-11-15
	38. SCHLUMBERGER LTD		2017-05-30	2018-12-20
	70. SCHWAB CHARLES CORP NEW		2016-01-15	2018-05-08
	8. SECOM LTD		2013-08-14	2018-05-08
	19. SECOM LTD		2017-10-05	2018-11-14
	36. SENSIENT TECHNOLOGIES CORP		2016-11-18	2018-03-02
	85. SEVEN & I HLDGS CO LTD ADR		2017-04-04	2018-01-25
	8. SEVEN & I HLDGS CO LTD ADR		2017-07-20	2018-05-08
	154. SHIN ETSU CHEM CO LTD ADR		2018-07-25	2018-11-15
	3. SMITH & NEPHEW PLC ADR		2015-03-27	2018-05-08
	39. SOFTBANK CORP ADR		2017-02-08	2018-12-19
	32. SOUTH ST CORP		2017-02-08	2018-07-18
	19. SOUTHWEST AIRLINES CO		2016-06-30	2018-08-10
	20. SOUTHWEST AIRLINES CO		2018-05-22	2018-11-01
	2. SOUTHWEST AIRLINES CO		2016-07-21	2018-11-01
	49. SOUTHWEST AIRLINES CO		2016-10-26	2018-11-07
	9000. STANLEY BLACK & DECKER INC 2.451% 11/17/		2017-11-17	2018-11-19
	7000. STANLEY BLACK & DECKER INC 1.622% 11/17/		2017-12-21	2018-08-21
	40. STARBUCKS CORP		2017-04-18	2018-07-25
	37. SUMITOMO MITSUI FIN-UNSP ADR SPONSORED A		2017-06-21	2018-05-08
	136. SUMITOMO MITSUI FIN-UNSP ADR SPONSORED A		2017-06-21	2018-08-20
	15. SYNCHRONY FINL		2016-10-25	2018-01-08
	140. TJX COMPANIES INC NEW		2017-01-11	2018-02-09
	5. TAIWAN SEMICONDUCTOR SPON ADR		2017-04-18	2018-04-24
	45. TAIWAN SEMICONDUCTOR SPON ADR		2018-07-25	2018-11-15
	12. TAIWAN SEMICONDUCTOR SPON ADR		2017-04-18	2018-11-15
	19. TARGET CORP		2016-06-08	2018-06-05
	3. TARGET CORP		2014-02-07	2018-08-21
	28. TARGET CORP		2014-05-22	2018-08-28
	5. TATA MOTORS LTD SPON ADR		2017-08-17	2018-05-08
	65. TATA MOTORS LTD SPON ADR		2017-04-18	2018-05-29
	16. TATA MOTORS LTD SPON ADR		2017-08-17	2018-05-29
	6. TELEFLEX INC		2015-12-03	2018-01-12
	4. TELEFLEX INC		2014-01-23	2018-01-24
	30. TERADYNE INC		2014-05-09	2018-03-09
	22. TIME WARNER INC		2016-03-23	2018-06-18
	7. TORAY INDUSTRIES INC ADR		2017-11-02	2018-05-08
	7000. TORONTO DOMINION BANK 1.625% 03/13/2018		2017-07-20	2018-03-13
	2. TOTAL S A SPONSORED ADR		2015-11-17	2018-05-08
	40. TRACTOR SUPPLY CO		2017-03-06	2018-05-08
	50. TRACTOR SUPPLY CO		2017-03-06	2018-09-07
	9. UNION PACIFIC CORP		2004-08-13	2018-04-18
	7. UNION PACIFIC CORP		2004-08-13	2018-05-23
	16. UNION PACIFIC CORP		2004-08-13	2018-06-08
	8000. UNITED STATES TREAS BDS 2.75% 11/15/2042		2016-09-02	2018-02-08
	8000. UNITED STATES TREAS BDS 2.75% 11/15/2042		2015-08-18	2018-02-28
	3000. UNITED STATES TREAS BDS 2.75% 11/15/2042		2015-08-18	2018-10-24
	12000. UNITED STATES TREASURY 1.375% 09/30/2018		2014-11-10	2018-03-12
	8000. UNITED STATES TREASURY 1.125% 12/31/2019		2013-02-20	2018-03-15
	5000. UNITED STATES TREASURY 1.125% 12/31/2019		2013-02-20	2018-04-05
	13000. UNITED STATES TREASURY 1.125% 12/31/2019		2013-02-20	2018-04-06
	7000. UNITED STATES TREASURY 1.125% 12/31/2019		2013-02-20	2018-04-09
	6000. UNITED STATES TREASURY 1.125% 12/31/2019		2014-11-10	2018-04-10
	7000. UNITED STATES TREASURY 1.125% 12/31/2019		2014-11-10	2018-04-25
	3000. UNITED STATES TREASURY 1.125% 12/31/2019		2013-09-30	2018-05-09
	15000. UNITED STATES TREAS BDS DTD 01/31/2017 FLTG RATE .656% 01/31/20		2017-04-18	2018-07-26
	17000. UNITED STATES TREAS BDS DTD 01/31/2017 FLTG RATE .656% 01/31/20		2017-02-10	2018-10-11
	1. UNITEDHEALTH GROUP INC		2018-01-25	2018-04-24
	2000. VERIZON COMMUNICATIONS NT 2.625% 08/15/2		2016-08-03	2018-02-28
	65. VERISK ANALYTICS INC CL A		2011-08-23	2018-01-17
	95. VERISK ANALYTICS INC CL A		2011-08-23	2018-02-20
	20. VISA INC CL A		2016-11-25	2018-03-28
	30. VISA INC CL A		2016-11-25	2018-05-08
	54. VODAFONE GROUP PLC ADR		2017-04-04	2018-09-26
	3. WELLS FARGO & CO NEW		2017-04-10	2018-04-24
	31. WELLS FARGO & CO NEW		2017-04-18	2018-11-15
	15000. WELLS FARGO COMPANY 4.3% 07/22/2027		2015-07-23	2018-01-31
	27. WESTERN ALLIANCE COMMON STOCK BANCORPORA		2016-07-12	2018-05-08
	18. WINTRUST FINL CORP		2013-04-23	2018-05-08
	6. WINTRUST FINL CORP		2013-04-23	2018-10-30
	28. ZIONS BANCORP		2015-08-06	2018-05-08
	4. ALLERGAN PLC		2017-10-16	2018-10-03
	43. AMDOCS LTD		2013-10-08	2018-05-08
	4. AON PLC		2012-04-03	2018-04-27
	58. ARRIS INTERNATIONAL PLC		2018-06-05	2018-11-08
	16. ARRIS INTERNATIONAL PLC		2018-06-05	2018-11-09
	36. ARRIS INTERNATIONAL PLC		2018-06-18	2018-11-13
	50. ARRIS INTERNATIONAL PLC		2018-06-21	2018-11-15
	22. EATON CORP PLC		2018-06-07	2018-08-21
	22. HELEN OF TROY LTD		2015-12-10	2018-07-10
	5. HELEN OF TROY LTD		2018-04-30	2018-09-07
	20. HELEN OF TROY LTD		2016-02-02	2018-09-07
	43. NORWEGIAN CRUISE LINE HOLDINGS LTD		2017-02-08	2018-02-27
	2. NORWEGIAN CRUISE LINE HOLDINGS LTD		2017-04-04	2018-02-27
	19. STERIS PLC		2016-07-19	2018-05-08
	93. XL GROUP LTD		2016-09-09	2018-01-11
	3. KEYENCE CO JPY50 ORDS		2017-02-08	2018-01-25
	5. SMC CORP JPY50 ORDS		2017-02-08	2018-01-25
	4. AERCAP HOLDINGS NV		2017-04-18	2018-05-08
	8. AERCAP HOLDINGS NV		2016-02-11	2018-12-03
	2. ASML HOLDING NV NY REG SHS		2017-04-18	2018-04-24
	55. CORE LABORATORIES N V		2016-08-02	2018-07-17
	73. CORE LABORATORIES N V		2016-08-02	2018-10-19
	2. ROYAL CARIBBEAN CRUISES LTD		2017-04-18	2018-04-24
	26. ROYAL CARIBBEAN CRUISES LTD		2017-02-08	2018-05-17
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b	112	79	33
c	456	329	127
d	213	152	61
e	529	405	124
	1,970	1,505	465
	20	20
	991	1,009	-18
	1,013	993	20
	3,040	3,083	-43
	1,983	1,986	-3
	6,000	5,998	2
	1,032	1,197	-165
	321	342	-21
	680	684	-4
	147	94	53
	178	87	91
	591	274	317
	627	343	284
	763	412	351
	4,349	2,288	2,061
	5,859	5,862	-3
	2,029	349	1,680
	2,197	312	1,885
	2,902	1,724	1,178
	175	174	1
	1,830	2,294	-464
	7,923	8,079	-156
	3,719	1,914	1,805
	15,000	15,050	-50
	909	581	328
	104	70	34
	19	19
	2,300	2,004	296
	134	111	23
	67	69	-2
	1,481	1,073	408
	86	54	32
	2,628	2,168	460
	463	373	90
	264	178	86
	1,132	908	224
	2,460	2,299	161
	114	126	-12
	812	413	399
	60	70	-10
	37		37
	3,114	4,178	-1,064
	1,970	1,121	849
	1,853	820	1,033
	2,401	1,599	802
	103	132	-29
	850	1,120	-270
	952	1,909	-957
	1,238	2,011	-773
	2,143	2,210	-67
	3,256	2,745	511
	104	117	-13
	1,881	2,301	-420
	165	117	48
	1,852	1,173	679
	303	266	37
	15,079	15,503	-424
	3,508	1,692	1,816
	855	416	439
	348	370	-22
	2,144	2,390	-246
	182	146	36
	95	117	-22
	1,216	1,965	-749
	318	518	-200
	2,111	1,643	468
	2,963	1,977	986
	478	490	-12
	192	175	17
	3,587	2,963	624
	896	596	300
	565	288	277
	697	465	232
	823	566	257
	3,677	2,631	1,046
	7,195	7,233	-38
	1,473	2,472	-999
	282	207	75
	5,254	3,764	1,490
	942	489	453
	152	117	35
	145	124	21
	7,986	8,015	-29
	646	551	95
	364	315	49
	1,260	911	349
	1,225	820	405
	561	428	133
	3,520	2,008	1,512
	1,707	1,293	414
	1,136	963	173
	2,418	1,891	527
	8,377	8,902	-525
	2,094	2,159	-65
	2,759	2,158	601
	639	541	98
	102	84	18
	987	1,123	-136
	542	521	21
	538	539	-1
	263	357	-94
	1,106	1,830	-724
	3,429	2,247	1,182
	2,698	1,798	900
	3,160	3,513	-353
	1,615	1,949	-334
	2,568	1,544	1,024
	2,168	1,562	606
	174	165	9
	2,184	2,061	123
	136	117	19
	1,938	977	961
	3,580	3,409	171
	2,870	2,041	829
	2,705	2,111	594
	300	264	36
	134	113	21
	3,028	2,260	768
	1,599	1,312	287
	5,805	5,030	775
	1,937	2,004	-67
	36,697	37,817	-1,120
	17,859	18,283	-424
	5,640	5,700	-60
	1,954	2,097	-143
	17,549	18,700	-1,151
	19,555	20,322	-767
	7,000	7,182	-182
	770	752	18
	2,358	2,426	-68
	1,467	1,332	135
	149	127	22
	3,276	2,572	704
	2,122	2,971	-849
	236	382	-146
	8,062	7,885	177
	322	275	47
	2,644	2,337	307
	603	646	-43
	1,735	1,056	679
	3,207	2,976	231
	2,662	2,357	305
	194	213	-19
	734	1,027	-293
	704	1,021	-317
	37	51	-14
	1,411	1,923	-512
	1,733	1,080	653
	1,315	1,412	-97
	136	129	7
	3,348	433	2,915
	131	106	25
	1,058	1,128	-70
	2,115	2,361	-246
	1,659	1,677	-18
	3,334	1,813	1,521
	1,436	1,987	-551
	1,478	1,994	-516
	1,414	2,635	-1,221
	3,356	2,746	610
	3,712	2,552	1,160
	2,312	1,837	475
	134	94	40
	1,656	1,324	332
	1,232	405	827
	2,620	856	1,764
	2,102	679	1,423
	169	134	35
	1,487	1,869	-382
	1,800	1,663	137
	106	144	-38
	2,912	1,682	1,230
	1,446	841	605
	3,944	2,740	1,204
	3,100	1,838	1,262
	4,775	3,480	1,295
	10,593	12,793	-2,200
	331	322	9
	224	170	54
	2,210	2,887	-677
	1,247	1,272	-25
	103	105	-2
	879	1,015	-136
	1,432	2,021	-589
	1,641	2,151	-510
	1,705	2,127	-422
	901	2,335	-1,434
	554	640	-86
	2,040	3,195	-1,155
	7,000	7,094	-94
	190	131	59
	2,533	2,085	448
	4,000	4,156	-156
	1,134	1,179	-45
	110	157	-47
	2,093	2,862	-769
	429	421	8
	1,720	1,513	207
	123	115	8
	163	111	52
	8,185	8,002	183
	25	46	-21
	1,331	2,408	-1,077
	1,417	1,855	-438
	1,472	3,762	-2,290
	44	35	9
	337	316	21
	3,037	3,016	21
	10,060	10,000	60
	836	637	199
	2,084	1,987	97
	125	119	6
	103	85	18
	6,000	6,037	-37
	1,364	980	384
	146	146
	1,698	1,299	399
	807	840	-33
	320	352	-32
	4,390	4,673	-283
	2,455	900	1,555
	2,504	1,131	1,373
	81	111	-30
	438	555	-117
	2,654	2,099	555
	2,258	2,233	25
	6,169	3,101	3,068
	1,590	237	1,353
	4,295	4,068	227
	4,174	4,213	-39
	207	222	-15
	141	162	-21
	511	517	-6
	1,617	1,084	533
	2,452	1,626	826
	5,984	4,001	1,983
	489	369	120
	101	78	23
	210	158	52
	125	127	-2
	2,010	2,481	-471
	1,859	2,790	-931
	193	135	58
	1,343	739	604
	115	113	2
	208	234	-26
	717	815	-98
	2,670	3,510	-840
	8,557	12,151	-3,594
	1,723	2,786	-1,063
	1,407	2,751	-1,344
	4,017	1,879	2,138
	152	118	34
	369	351	18
	2,551	2,554	-3
	1,785	1,687	98
	176	159	17
	3,308	3,977	-669
	107	103	4
	1,366	1,529	-163
	2,789	2,696	93
	1,116	738	378
	1,002	1,020	-18
	100	77	23
	2,574	1,842	732
	9,000	9,054	-54
	6,983	6,982	1
	2,062	2,223	-161
	306	282	24
	1,067	1,036	31
	589	429	160
	10,302	10,679	-377
	194	159	35
	1,726	1,832	-106
	460	374	86
	1,487	1,255	232
	250	169	81
	2,429	1,567	862
	123	149	-26
	1,369	2,326	-957
	337	476	-139
	1,561	750	811
	1,103	385	718
	1,483	528	955
	2,211	1,072	1,139
	128	143	-15
	7,000	7,010	-10
	123	98	25
	2,659	2,879	-220
	4,484	3,350	1,134
	1,254	124	1,130
	1,005	96	909
	2,279	220	2,059
	7,498	8,359	-861
	7,501	7,861	-360
	2,709	2,948	-239
	11,964	11,977	-13
	7,843	7,874	-31
	4,902	4,921	-19
	12,754	12,796	-42
	6,865	6,890	-25
	5,883	5,893	-10
	6,850	6,779	71
	2,935	2,875	60
	15,014	15,016	-2
	17,010	17,002	8
	237	245	-8
	1,819	1,984	-165
	6,355	2,164	4,191
	9,231	3,163	6,068
	2,346	1,600	746
	3,898	2,384	1,514
	1,200	1,350	-150
	161	164	-3
	1,625	1,693	-68
	15,696	15,171	525
	1,627	921	706
	1,661	655	1,006
	448	213	235
	1,565	871	694
	779	795	-16
	2,901	1,579	1,322
	577	196	381
	1,780	1,503	277
	490	415	75
	1,108	928	180
	1,534	1,229	305
	1,806	1,753	53
	2,565	2,190	375
	631	447	184
	2,523	1,835	688
	2,490	2,052	438
	116	99	17
	1,855	1,300	555
	3,256	3,079	177
	1,903	1,174	729
	2,466	1,428	1,038
	218	158	60
	426	214	212
	390	261	129
	6,328	7,271	-943
	7,579	8,282	-703
	239	191	48
	2,806	2,473	333
			230

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			33
c			127
d			61
e			124
			465

			-18
			20
			-43
			-3
			2
			-165
			-21
			-4
			53
			91
			317
			284
			351
			2,061
			-3
			1,680
			1,885
			1,178
			1
			-464
			-156
			1,805
			-50
			328
			34

			296
			23
			-2
			408
			32
			460
			90
			86
			224
			161
			-12
			399
			-10
			37
			-1,064
			849
			1,033
			802
			-29
			-270
			-957
			-773
			-67
			511
			-13
			-420
			48
			679
			37
			-424
			1,816
			439
			-22
			-246
			36
			-22
			-749
			-200
			468
			986
			-12
			17
			624
			300
			277
			232
			257
			1,046
			-38
			-999
			75
			1,490
			453
			35
			21
			-29
			95
			49
			349
			405
			133
			1,512
			414
			173
			527
			-525
			-65
			601
			98
			18
			-136
			21
			-1
			-94
			-724
			1,182
			900
			-353
			-334
			1,024
			606
			9
			123
			19
			961
			171
			829
			594
			36
			21
			768
			287
			775
			-67
			-1,120
			-424
			-60
			-143
			-1,151
			-767
			-182
			18
			-68
			135
			22
			704
			-849
			-146
			177
			47
			307
			-43
			679
			231
			305
			-19
			-293
			-317
			-14
			-512
			653
			-97
			7
			2,915
			25
			-70
			-246
			-18
			1,521
			-551
			-516
			-1,221
			610
			1,160
			475
			40
			332
			827
			1,764
			1,423
			35
			-382
			137
			-38
			1,230
			605
			1,204
			1,262
			1,295
			-2,200
			9
			54
			-677
			-25
			-2
			-136
			-589
			-510
			-422
			-1,434
			-86
			-1,155
			-94
			59
			448
			-156
			-45
			-47
			-769
			8
			207
			8
			52
			183
			-21
			-1,077
			-438
			-2,290
			9
			21
			21
			60
			199
			97
			6
			18
			-37
			384

			399
			-33
			-32
			-283
			1,555
			1,373
			-30
			-117
			555
			25
			3,068
			1,353
			227
			-39
			-15
			-21
			-6
			533
			826
			1,983
			120
			23
			52
			-2
			-471
			-931
			58
			604
			2
			-26
			-98
			-840
			-3,594
			-1,063
			-1,344
			2,138
			34
			18
			-3
			98
			17
			-669
			4
			-163
			93
			378
			-18
			23
			732
			-54
			1
			-161
			24
			31
			160
			-377
			35
			-106
			86
			232
			81
			862
			-26
			-957
			-139
			811
			718
			955
			1,139
			-15
			-10
			25
			-220
			1,134
			1,130
			909
			2,059
			-861
			-360
			-239
			-13
			-31
			-19
			-42
			-25
			-10
			71
			60
			-2
			8
			-8
			-165
			4,191
			6,068
			746
			1,514
			-150
			-3
			-68
			525
			706
			1,006
			235
			694
			-16
			1,322
			381
			277
			75
			180
			305
			53
			375
			184
			688
			438
			17
			555
			177
			729
			1,038
			60
			212
			129
			-943
			-703
			48
			333

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	64,086
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	99,522	1,953,028	0.050958
2016	105,589	1,911,532	0.055238
2015	113,806	2,043,426	0.055694
2014	108,758	2,139,260	0.050839
2013	102,607	2,076,904	0.049404

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

0.262133

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

0.052427

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

1,933,076

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

101,345

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

687

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

102,032

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

110,602

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

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	687
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	687
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	687
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	2,204
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,204
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,517
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax688	Refunded	11	829

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

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

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

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

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

COMERICA BANK Telephone no. bullet

(313) 222-3568

Located at bullet

411 WEST LAFAYETTE M/C 3420DETROITMI ZIP+4 bullet

48226

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

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

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
COMERICA BANK & TRUST COMPANY	TRUSTEE 1	11,024
PO BOX 75000 M/C 7874 DETROIT,MI482757874	TRUSTEE 1	11,024

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

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

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

purposes:

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

1,903,435

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

59,079

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

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

1,962,514

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

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

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

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

1,962,514

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

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

29,438

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

1,933,076

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

96,654

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

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

96,654

Tax on investment income for 2018 from Part VI, line 5......

687

Income tax for 2018. (This does not include the tax from Part VI.)...

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

687

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

95,967

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

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

95,967

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

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

95,967

Part XII

Qualifying Distributions (see instructions)

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

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

110,602

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

110,602

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

687

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

109,915

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

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					95,967
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	1,550
b From 2014......	4,657
c From 2015......	13,455
d From 2016......	10,116
e From 2017......	4,073
fTotal of lines 3a through e........		33,851
4Qualifying distributions for 2018 from Part
XII, line 4: $ 110,602
a Applied to 2017, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					95,967
e Remaining amount distributed out of corpus		14,635
5 Excess distributions carryover applied to 2018.		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		48,486
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 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		1,550
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		46,936
10 Analysis of line 9:
a Excess from 2014....	4,657
b Excess from 2015....	13,455
c Excess from 2016....	10,116
d Excess from 2017....	4,073
e Excess from 2018....	14,635

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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

BRENDA PEARSON
60 S 6TH ST
MINNEAPOLIS,MN55402
(612) 215-3603

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

NO SPECIFIC FORM

cAny submission deadlines:

NONE NONE

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

NONE

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HERMANTOWN HIGH SCHOOL 4335 HAWK CIR DR HERMANTOWN,MN55811	NONE	EXEMPT	SUPPORT	3,000
PROCTOR HIGH SCHOOL 131 NINTH AVENUE PROCTOR,MN55810	NONE	EXEMPT	SUPPORT	3,000
DENFELD HS ROBOTICS 401 N 44TH AVE W DULUTH,MN55807	NONE	EXEMPT	SUPPORT	3,000
DULUTH EAST HIGH SCHOOL 130 W SUPERIOR ST STE 926 DULUTH,MN55802	NONE	EXEMPT	CHARITABLE	3,000
UMD SCHOOL OF FINE ARTS 1049 UNIVERSITY DRIVE DULUTH,MN55812	NONE	EXEMPT	CHARITABLE	10,000
ESKO HIGH SCHOOL 2 E HWY 61 ESKO,MN55733	NONE	EXEMPT	CHARITABLE	3,000
MILLER - DWAN FOUNDATION 502 E SECOND STREET DULUTH,MN55805	NONE	EXEMPT	SUPPORT	5,000
SECOND HARVEST NORTHERN LAKES FOOD BANK 4503 AIR PARK BLVD DULUTH,MN55811	NONE	EXEMPT	SUPPORT	10,000
DULUTH YMCA 302 W 1ST ST DULUTH,MN55802	NONE	EXEMPT	SUPPORT	5,000
DULUTH PLAYHOUSE 506 W MICHIGAN ST DULUTH,MN55802	NONE	EXEMPT	SUPPORT	5,000
MARSHALL HIGH SCHOOL 1215 RICE LAKE RD DULUTH,MN55811	NONE	EXEMPT	CHARITABLE	3,000
BOYS & GIRLS CLUB OF NORTHLAND 102 S 29TH AVE W STE 200 DULUTH,MN55806	NONE	EXEMPT	SUPPORT	10,000
SCOTTISH RITE FOUNDATION 1420 LONDON ROAD DULUTH,MN55805	NONE	EXEMPT	SUPPORT	10,000
DAMIANO OF DULUTH INC 206 WEST FOURTH STREET DULUTH,MN55806	NONE	EXEMPT	SUPPORT	5,000
LIFE HOUSE INC 102 WEST 1ST STREET DULUTH,MN55802	NONE	EXEMPT	SUPPORT	10,000
COURAGE KENNY FOUNDATION 3915 GOLDEN VALLEY RD MINNEAPOLIS,MN55422	NONE	EXEMPT	CHARITABLE	6,000
BEST CHRISTMAS EVER INC PO BOX 439 CLOQUET,MN55720	NONE	EXEMPT	CHARITABLE	5,000
REACH MENTORING PROGRAM INC PO BOX 428 CLOQUET,MN55720	NONE	EXEMPT	CHARITABLE	5,000
YOUNG LIFE 4120 LEXINGTON WAY STE 140 EAGAN,MN55123	NONE	EXEMPT	CHARITABLE	5,000
Total ................................. 3a				109,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	44,059
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	64,086
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)..				108,145

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

108,145

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FIXED INCOME	690,131	678,975
FIXED INCOME - OTHER	6,865	6,780

Name of Stock	End of Year Book Value	End of Year Fair Market Value
EQUITIES	875,678	986,295
EQUITIES - OTHER	58,065	64,451

Category	Amount	Net Investment Income
FOREIGN TAXES	1,046	1,046
FEDERAL TAX PAYMENT - PRIOR YE	2,150	0
FEDERAL ESTIMATES - INCOME	2,204	0
FOREIGN TAXES ON QUALIFIED FOR	19	19

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	30	30		0
OTHER EXPENSE (NON-DEDUCTIBLE	283	283		0

Description	Amount
MUTUAL FUND TIMING	12
SALES AS OF 12-31-2018	2,427
INCOME TIMING DIFFERENCE	380