Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
1988 IRREV COCHRANE MEMORIAL TR
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

41-6309348
B Telephone number (see instructions)

(651) 466-8708
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$9,713,941J 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... 238,713 232,986  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 489,085
b Gross sales price for all assets on line 6a 1,607,315
7 Capital gain net income (from Part IV, line 2)... 489,085
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)....... Click to see attachment 80    
12 Total. Add lines 1 through 11........ 727,878 722,071  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 104,471 94,023   10,447
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 2,040 0 0 2,040
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,108 5,108   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)....... Click to see attachment 25     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 114,144 99,131 0 14,012
25 Contributions, gifts, grants paid....... 775,000 775,000
26 Total expenses and disbursements. Add lines 24 and 25 889,144 99,131 0 789,012
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -161,266
b Net investment income (if negative, enter -0-) 622,940
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 6,666 7,290 7,290
2 Savings and temporary cash investments......... 515,410 400,246 400,246
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 6,307,553 Click to see attachment6,040,738 7,528,124
c Investments—corporate bonds (attach schedule)....... 1,529,882 Click to see attachment1,733,196 1,668,676
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 125,000 Click to see attachment125,000 104,187
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,882 Click to see attachment5,418 Click to see attachment5,418
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,488,393 8,311,888 9,713,941
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 8,488,393 8,311,888
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)..... 8,488,393 8,311,888
31 Total liabilities and net assets/fund balances (see instructions). 8,488,393 8,311,888
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,488,393
2
Enter amount from Part I, line 27a .....................
2
-161,266
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
147
4
Add lines 1, 2, and 3 ..........................
4
8,327,274
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
15,386
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,311,888
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 123. AVALONBAY CMNTYS INC   2017-12-20 2018-01-18
b 278. DUKE REALTY CORPORATION   2017-08-18 2018-01-18
c 708. DUKE REALTY CORPORATION   2015-09-24 2018-01-18
d 103. EXTRA SPACE STORAGE INC   2016-11-07 2018-01-18
e 644. INVITATION HOMES INC   2016-10-28 2018-01-18
324. WEYERHAEUSER COMPANY   2017-10-18 2018-01-31
1. ACADIA RLTY TR   2017-03-08 2018-02-02
53. GEO GROUP INC THE   2017-03-10 2018-02-02
7. GEO GROUP INC THE   2016-11-18 2018-02-02
100. KIMCO RLTY CORP   2017-07-09 2018-02-02
157. PARAMOUNT GROUP INC   2014-12-01 2018-02-02
43. VENTAS INC COM   2014-08-13 2018-02-02
6. WELLTOWER INC   2015-01-09 2018-02-02
102. VENTAS INC COM   2016-01-08 2018-02-15
213. 3M CO   1970-12-25 2018-02-16
474. PARAMOUNT GROUP INC   2014-12-01 2018-03-05
300. WEYERHAEUSER COMPANY   2017-09-08 2018-03-06
400. GEO GROUP INC THE   2016-08-25 2018-03-15
466. KIMCO RLTY CORP   2017-06-12 2018-03-15
66. WELLTOWER INC   2014-12-25 2018-04-09
26. WELLTOWER INC   2015-02-24 2018-04-10
21. REGENCY CENTERS CORPORATION   2016-03-21 2018-04-30
311. RETAIL PROPERTIES OF AME A   2017-07-27 2018-04-30
25. SIMON PPTY GROUP INC NEW COM   2014-08-13 2018-04-30
5. SIMON PPTY GROUP INC NEW COM   2017-08-08 2018-04-30
1691.475 GLENMEDE SC EQUITY PORT ADV   2015-01-09 2018-05-01
650. ISHARES S&P SMALL CAP 600 INDEX FD   2015-04-29 2018-05-01
1396.96 ROWE T PRICE MID CAP GROWTH FD INC   2015-01-09 2018-05-01
13. SIMON PPTY GROUP INC NEW COM   2014-08-13 2018-05-08
9. HEALTHCARE RLTY TR COM   2017-08-11 2018-05-14
26. HILTON WORLDWIDE HLDGS WI   2018-02-15 2018-05-14
17. PHYSICIANS REALTY TRUST   2017-06-29 2018-05-14
275. PHYSICIANS REALTY TRUST   2015-01-09 2018-05-14
89. PROLOGIS INC   2016-08-12 2018-05-14
59. REALTY INCOME CORP   2017-02-27 2018-05-14
140. SUNSTONE HOTEL INVS INC   2016-11-18 2018-05-14
16. UDR INC   2018-04-30 2018-05-14
41. WELLTOWER INC   2015-02-24 2018-05-14
34340.659 AMERICAN CENT EQUITY INCOME CL INST   2010-12-27 2018-05-17
1607.2 GLENMEDE SC EQUITY PORT ADV   2015-01-09 2018-05-17
295.072 PRICE T ROWE GROWTH STK FD INC COM   2017-10-19 2018-05-17
797. 3M CO   1970-12-25 2018-05-17
100. AMERICAN TOWER CORP   2017-08-18 2018-06-01
45. ESSEX PPTY TR INC   2017-08-03 2018-06-19
452. RETAIL PROPERTIES OF AME A   2017-07-27 2018-06-19
33. KILROY RLTY CORP   2014-09-11 2018-06-22
123. ACADIA RLTY TR   2014-11-03 2018-07-12
536. BRANDYWINE REALTY TRUST   2016-08-25 2018-07-12
69. CROWN CASTLE INTL CORP   2017-07-24 2018-07-12
134. REALTY INCOME CORP   2017-05-10 2018-07-12
60. CAMDEN PPTY TR SBI   2017-08-08 2018-07-17
24. ESSEX PPTY TR INC   2017-08-08 2018-07-17
45. FIRST INDL RLTY TR INC   2018-01-18 2018-07-17
169. INVITATION HOMES INC   2017-05-17 2018-07-17
44. PROLOGIS INC   2016-08-12 2018-07-17
22. SUN CMNTYS INC   2018-03-15 2018-07-17
22. HILTON WORLDWIDE HLDGS WI   2018-02-02 2018-07-18
75. HILTON WORLDWIDE HLDGS WI   2017-01-25 2018-07-18
16. ESSEX PPTY TR INC   2018-03-09 2018-08-02
53. ESSEX PPTY TR INC   2017-08-08 2018-08-02
51. DIGITAL REALTY TRUST INC   2017-03-03 2018-08-06
102. FIRST INDL RLTY TR INC   2018-01-18 2018-08-06
49. PROLOGIS INC   2016-08-12 2018-08-06
162. FOREST CITY REALTY TRUST A   2018-07-12 2018-08-07
55. ACADIA RLTY TR   2014-12-16 2018-08-08
338. AMERICAN HOMES 4 RENT A   2018-06-19 2018-09-11
96. SUN CMNTYS INC   2018-01-18 2018-10-04
243. HEALTHCARE RLTY TR COM   2017-08-11 2018-10-11
34. SUNSTONE HOTEL INVS INC   2018-02-02 2018-10-11
480. SUNSTONE HOTEL INVS INC   2016-10-18 2018-10-11
161. AMERICAN HOMES 4 RENT A   2018-06-19 2018-10-24
218. INVITATION HOMES INC   2017-05-17 2018-10-24
169. INVITATION HOMES INC   2018-06-19 2018-10-24
174. AMERICAN HOMES 4 RENT A   2018-06-19 2018-10-30
329. INVITATION HOMES INC   2016-10-28 2018-10-30
288. SABRA HEALTH CARE REIT INC   2018-06-13 2018-11-09
72. CAMDEN PPTY TR SBI   2018-03-09 2018-11-13
218. CAMDEN PPTY TR SBI   2017-08-03 2018-11-13
343. SABRA HEALTH CARE REIT INC   2018-06-13 2018-11-15
75. JBG SMITH PROPERTIES   2018-04-30 2018-11-21
113. SABRA HEALTH CARE REIT INC   2018-06-13 2018-11-21
77. VORNADO REALTY TRUST   2018-04-30 2018-11-21
41. HILTON WORLDWIDE HLDGS WI   2018-04-11 2018-12-04
11267.608 AQR LONG SHORT EQUITY I   2018-01-09 2018-12-12
409. ACADIA RLTY TR   2014-08-13 2018-12-18
10. BOSTON PPTYS INC   2018-07-17 2018-12-18
167. CHESAPEAKE LODGING TRUST   2017-12-28 2018-12-18
280. CHESAPEAKE LODGING TRUST   2017-10-18 2018-12-18
91. COUSINS PPTYS INC   2018-09-20 2018-12-18
32. HILTON WORLDWIDE HLDGS WI   2018-04-11 2018-12-18
134. HILTON WORLDWIDE HLDGS WI   2015-10-21 2018-12-18
14. PROLOGIS INC   2016-08-12 2018-12-18
35. UDR INC   2018-01-18 2018-12-18
83. HUDSON PACIFIC PROPERTIES INC   2018-03-05 2018-12-20
338. HUDSON PACIFIC PROPERTIES INC   2016-10-18 2018-12-20
61. MACERICH CO   2018-04-30 2018-12-20
132. MACERICH CO   2015-06-22 2018-12-20
2. SIMON PPTY GROUP INC NEW COM   2014-08-13 2018-12-20
CAPITAL GAIN 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 20,611   21,802 -1,191
b 7,125   7,987 -862
c 18,146   15,357 2,789
d 8,468   7,540 928
e 14,393   11,445 2,948
12,169   11,612 557
23   30 -7
1,137   1,561 -424
150   137 13
1,472   2,014 -542
2,275   2,791 -516
2,320   2,416 -96
348   478 -130
5,108   5,709 -601
50,104   16 50,088
6,660   7,953 -1,293
10,292   10,229 63
8,637   5,995 2,642
6,668   8,950 -2,282
3,569   5,089 -1,520
1,410   1,993 -583
1,232   1,489 -257
3,589   4,184 -595
3,908   4,209 -301
782   813 -31
50,491   43,014 7,477
50,205   38,428 11,777
124,679   104,940 19,739
2,066   2,189 -123
248   286 -38
2,165   2,198 -33
256   335 -79
4,141   5,029 -888
5,778   4,841 937
3,094   3,409 -315
2,296   1,937 359
573   583 -10
2,267   3,141 -874
302,541   250,000 52,541
50,321   40,871 9,450
19,979   20,242 -263
160,220   59 160,161
13,734   14,059 -325
10,446   11,835 -1,389
5,700   5,968 -268
2,479   2,224 255
3,336   4,152 -816
9,004   8,572 432
7,646   7,229 417
7,381   7,423 -42
5,411   5,391 20
5,614   6,285 -671
1,468   1,364 104
3,904   3,655 249
2,821   2,391 430
2,156   1,996 160
1,801   1,843 -42
6,139   4,438 1,701
3,773   3,791 -18
12,498   13,879 -1,381
6,234   5,804 430
3,362   3,065 297
3,266   2,663 603
4,042   3,736 306
1,468   1,710 -242
7,693   7,243 450
9,552   8,377 1,175
6,897   7,709 -812
516   557 -41
7,282   6,357 925
3,375   3,450 -75
4,818   4,737 81
3,735   3,794 -59
3,692   3,729 -37
7,255   6,437 818
6,193   6,531 -338
6,649   5,982 667
20,132   19,550 582
6,558   7,363 -805
3,000   2,774 226
2,151   2,426 -275
5,416   5,239 177
3,107   3,253 -146
131,268   160,000 -28,732
10,822   11,649 -827
1,207   1,264 -57
4,539   4,513 26
7,610   8,033 -423
742   831 -89
2,266   2,539 -273
9,490   7,109 2,381
877   761 116
1,443   1,266 177
2,318   2,630 -312
9,441   11,452 -2,011
2,529   3,490 -961
5,472   10,074 -4,602
338   337 1
      213,333
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,191
b       -862
c       2,789
d       928
e       2,948
      557
      -7
      -424
      13
      -542
      -516
      -96
      -130
      -601
      50,088
      -1,293
      63
      2,642
      -2,282
      -1,520
      -583
      -257
      -595
      -301
      -31
      7,477
      11,777
      19,739
      -123
      -38
      -33
      -79
      -888
      937
      -315
      359
      -10
      -874
      52,541
      9,450
      -263
      160,161
      -325
      -1,389
      -268
      255
      -816
      432
      417
      -42
      20
      -671
      104
      249
      430
      160
      -42
      1,701
      -18
      -1,381
      430
      297
      603
      306
      -242
      450
      1,175
      -812
      -41
      925
      -75
      81
      -59
      -37
      818
      -338
      667
      582
      -805
      226
      -275
      177
      -146
      -28,732
      -827
      -57
      26
      -423
      -89
      -273
      2,381
      116
      177
      -312
      -2,011
      -961
      -4,602
      1
       
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 2 489,085
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))
2017 788,472 10,626,755 0.074197
2016 704,515 9,882,014 0.071293
2015 696,051 10,293,513 0.06762
2014 604,085 10,521,804 0.057413
2013 622,452 9,803,470 0.063493
2
Total of line 1, column (d) .....................
2
0.334016
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
0.066803
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
10,755,000
5
Multiply line 4 by line 3......................
5
718,466
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,229
7
Add lines 5 and 6........................
7
724,695
8
Enter qualifying distributions from Part XII, line 4,.............
8
789,012
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 6,229
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 6,229
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 6,229
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 10,356
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 10,356
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,127
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet4,127 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletUS BANK NATIONAL ASSOCIATION Telephone no.bullet (651) 466-8708

    Located atbullet101 EAST 5TH ST EP-MN-S14MINNEAPOLISMN ZIP+4bullet55101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    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 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    US BANK NATIONAL ASSOCATION TRUSTEE
    1     		104,471    
    101 EAST 5TH STREET
    ST PAUL,MN55101
    MARY MCGAHEY DWAN TRUSTEE
    0     		0    
    416 6TH STREET SE
    WASHINGTON,DC22003
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,632,642
    b
    Average of monthly cash balances.......................
    1b
    286,140
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,918,782
    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
    10,918,782
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    163,782
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,755,000
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    537,750
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    537,750
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    6,229
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,229
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    531,521
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    531,521
    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
    531,521
    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
    789,012
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    789,012
    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
    6,229
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    782,783
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 531,521
    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...... 167,484
    b From 2014...... 121,248
    c From 2015...... 211,745
    d From 2016...... 224,796
    e From 2017...... 275,846
    fTotal of lines 3a through e........ 1,001,119
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 789,012
    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..... 531,521
    e Remaining amount distributed out of corpus 257,491
    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 1,258,610
    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) ...     		167,484
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,091,126
    10 Analysis of line 9:
    a Excess from 2014.... 121,248
    b Excess from 2015.... 211,745
    c Excess from 2016.... 224,796
    d Excess from 2017.... 275,846
    e Excess from 2018.... 257,491
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DARCY FREDERICKSON
    101 EAST FIFTH STREET
    ST PAUL,MN55101
    (651) 466-8708
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FOR GRANT MAY BE SUBMITTED IN THE FORM OF A LETTER OUTLING THE NATURE OF THE REQUEST AND INCLUDE A COPY OF YOUR INTERNAL REVENUE EXEMPTION LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THIS TRUST IS CREATED AND ORGANIZED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES WITH EMPHASIS ON ORGANIZATIONS IN THE WASHINGTON D.C. AREA
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BETHLEHEM HOUSE
    1401 LAWERENCE STREET NE
    WASHINGTON,DC20017     		NONE PC GENERAL OPERATING 40,000
    CATHOLIC CAMPAIGN FOR
    HUMAN DEVELOPMENT
    3211 4TH STREET NE
    WASHINGTON,DC20017     		NONE PC GENERAL OPERATING 40,000
    CATHOLIC COMMUNITY SERVICES
    MSGR JOHN ENZLER PRESIDENT
    924 G STREET NW
    WASHINGTON,DC20018     		NONE PC GENERAL OPERATING 10,000
    GONZAGA COLLEGE HIGH
    SCHOOL
    19 EYE STREET NW
    WASHINGTON,DC20001     		NONE PC GENERAL OPERATING 40,000
    PERRY SCHOOL COMMUNITY
    SERVICES CENTER INC
    128 M STREET N W
    WASHINGTON,DC20001     		NONE PC GENERAL OPERATING 60,000
    ST JOSEPH'S ON CAPITOL
    HILL
    313 SECOND STREET NE
    WASHINGTON,DC20002     		NONE PC GENERAL OPERATING 40,000
    FRIENDS OF THE LAY CENTRE
    NATIONAL CATHOLIC COMMUNITY FDN
    1321 GENERALS HIGHWAY 202
    CROWNSVILLE,MD21032     		NONE PC GENERAL OPERATING 140,000
    DISTRICT ALLIANCE FOR SAFE HOUSING
    PO BOX 73186
    WASHINGTON,DC20056     		NONE PC GENERAL OPERATING 10,000
    NATIONAL CATHOLIC REPORTER
    115 EAST ARMOUR BLVD
    KANSAS CITY,MO64111     		NONE PC GENERAL OPERATING 125,000
    MADONNA HOUSE
    220 C STREET NE
    WASHINGTON,DC20002     		NONE PC GENERAL OPERATING 35,000
    L'ARCHE
    PHILANTHROPY DIRECTOR
    P O BOX 21471
    WASHINGTON,DC20009     		NONE PC GENERAL OPERATING 10,000
    AMERICAN CHESTNUT LAND TRUST
    PO BOX 2363
    PRINCE FREDERICK,MD20678     		NONE PC GENERAL OPERATING 60,000
    CAMBRIDGE IN AMERICA
    PO BOX 9123 JAS-BLG
    NEW YORK,NY100879123     		NONE PC GENERAL OPERATING 25,000
    NEW JERUSALEM
    255 S 17 STREET SUITE 2902
    PHILADELPHIA,PA19103     		NONE PC GENERAL OPERATING 25,000
    SISTERS OF THE HOLY CROSS
    415 SILVER SPRING AVENUE 304
    SILVER SPRING,MD20910     		NONE PC GENERAL OPERATING 40,000
    ST JOHN VIANNEY CHURCH
    105 VIANNEY LANE
    PRINCE FREDERICK,MD20678     		NONE PC GENERAL OPERATING 50,000
    THE NATURE CONSERVANCY
    5410 GROSVENOR LANE
    BETHESDA,MD20814     		NONE PC GENERAL OPERATING 25,000
    Total .................................bullet 3a 775,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 238,713  
    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 ............     		    18 489,085  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 80  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   727,878  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    727,878
    (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 (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Name of Bond End of Year Book Value End of Year Fair Market Value
    670678390 NUVEEN STRATEGIC INC 148,256 152,477
    24422ERR2 JOHN DEERE CAP MTN 199,370 199,550
    548661CT2 LOWES COMPANIES 207,664 201,176
    258620103 DOUBLELINE TOTAL RET 150,000 143,526
    458140AS9 INTEL CORP 201,610 201,746
    670700400 NUVEEN PREFERRED SEC 225,000 203,107
    46625HHU7 JPMORGAN CHASE CO 211,296 203,604
    31420B300 FEDERATED INST HI YL 260,000 235,623
    63872T620 LOOMIS SAYLES STRATE 130,000 127,867

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Name of Stock End of Year Book Value End of Year Fair Market Value
    88579Y101 3M CO 386 993,857
    73935A104 POWERSHARES QQQ ETF    
    758849103 REGENCY CENTERS CORP 31,434 31,511
    71943U104 PHYSICIANS REALTY TR 10,966 11,157
    49427F108 KILROY RLTY CORP 30,095 29,428
    264411505 DUKE REALTY CORPORAT    
    101121101 BOSTON PPTYS INC 33,579 30,163
    95040Q104 WELLTOWER INC 30,720 31,859
    670725712 NUVEEN INTERNATIONAL 299,319 236,542
    464287804 I SHARES S P SMALLC 160,569 188,273
    06738C778 IPATH DOW JONES UBS 94,634 41,379
    922908553 VANGUARD REIT ETF 293,548 264,202
    741479109 PRICE T ROWE GROWTH 509,758 659,789
    922908728 VANGUARD TOTAL STOCK 600,000 712,859
    30225T102 EXTRA SPACE STORAGE 34,908 33,387
    74316J458 CONGRESS MID CAP GRO 281,835 324,120
    67065W639 NUVEEN SANTA BARBARA 150,000 224,036
    149498107 CAUSEWAY EMERGING MA 254,069 248,191
    92276F100 VENTAS INC    
    74340W103 PROLOGIS INC 33,482 40,869
    025076209 AMERICAN CENT EQUITY    
    922042676 VANGUARD GLBL EX US 461,584 406,230
    32054K103 FIRST INDL RLTY TR I 19,651 18,874
    444097109 HUDSON PACIFIC PROPE    
    63633D104 NATIONAL HEALTH INVS 8,940 10,122
    105368203 BRANDYWINE REALTY TR    
    862121100 STORE CAPITAL CORP 18,779 20,043
    637417106 NATIONAL RETAIL PROP 25,155 26,341
    29444U700 EQUINIX INC 36,855 29,968
    004239109 ACADIA RLTY TR    
    554382101 MACERICH CO    
    378690606 GLENMEDE SC EQUITY P 252,149 211,893
    779556109 ROWE T PRICE MID-CAP 457,678 525,533
    36162J106 GEO GROUP INC THE    
    053484101 AVALONBAY CMNTYS INC 31,137 31,155
    828806109 SIMON PROPERTY GROUP 35,185 35,110
    00769G543 CAMBIAR INTL EQUITY 300,000 280,089
    641224415 NEUBERGER BERMAN EME 208,660 229,097
    921910501 VANGUARD INTL GRWTH 775,000 942,762
    867892101 SUNSTONE HOTEL INVS    
    69924R108 PARAMOUNT GROUP INC    
    756109104 REALTY INCOME CORP    
    700517105 PARK HOTELS RESORTS 13,244 12,133
    36467J108 GAMING LEISURE PROP 11,994 11,341
    962166104 WEYERHAEUSER CO    
    22822V101 CROWN CASTLE INTL CO 7,249 7,930
    133131102 CAMDEN PPTY TR SBI    
    165240102 CHESAPEAKE LODGING T    
    58463J304 MEDICAL PROPERTIES T 11,855 13,781
    49446R109 KIMCO REALTY CORP    
    253868103 DIGITAL REALTY TRUST 54,877 53,382
    03027X100 AMERICAN TOWER CORP    
    297178105 ESSEX PPTY TR INC    
    008492100 AGREE RLTY CORP 16,616 19,923
    222795106 COUSINS PPTYS INC 17,733 16,156
    43300A203 HILTON WORLDWIDE HLD    
    46187W107 INVITATION HOMES INC    
    76131V202 RETAIL PROPERTIES OF    
    421946104 HEALTHCARE RLTY TR    
    44107P104 HOST HOTELS RESORTS 18,451 15,020
    866674104 SUN CMNTYS INC 15,381 17,799
    46090E103 INVESCO QQQ TRUST ET 249,381 350,479
    526057104 LENNAR CORP CL A 11,759 10,766
    925652109 VICI PPTYS INC 16,744 14,874
    948741103 WEINGARTEN RLTY INVT 9,408 9,229
    23331A109 D R HORTON INC 11,083 10,779
    902653104 UDR INC 39,910 44,057
    64828T201 NEW RESIDENTIAL INVE 9,281 7,673
    29476L107 EQUITY RESIDENTIAL 45,697 43,963

    TY 2018 InvestmentsOtherSchedule2
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    00203H859 AQR MANAGED FUTURES AT COST 125,000 104,187

    TY 2018 LegalFeesSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 1,020     1,020
    LEGAL FEES - INCOME (ALLOCABLE 1,020     1,020


    TY 2018 OtherAssetsSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME 3,882 5,418 5,418


    TY 2018 OtherDecreasesSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Description Amount
    ADJ FED TAX COST 15,386


    TY 2018 OtherExpensesSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE/TAXES 25 0   25


    TY 2018 OtherIncomeSchedule2
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 80 0  


    TY 2018 OtherIncreasesSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Description Amount
    COST BASIS ADJUSTMENT 147


    TY 2018 TaxesSchedule
    Name:
    1988 IRREV COCHRANE MEMORIAL TR
    EIN:
    41-6309348
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,363 3,363   0
    FEDERAL ESTIMATES - PRINCIPAL 1,000 0   0
    FOREIGN TAXES ON NONQUALIFIED 1,745 1,745   0