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.
bullet

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
ADAMS JESSE AND HERTHA CHARITABLE TR

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET SUITE 400
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

25-6821173

B Telephone number (see instructions)

(410) 537-5562

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

$16,774,217J 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...	366,612		308,572
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,565,191
b	Gross sales price for all assets on line 6a 15,883,669
7	Capital gain net income (from Part IV, line 2)...			2,565,191
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).......		-1,211	-1,211
12	Total. Add lines 1 through 11........	2,930,592		2,872,552
13	Compensation of officers, directors, trustees, etc.	24,460		24,460
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).......
c	Other professional fees (attach schedule)....		25,177	25,177		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		82,418	7,019		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	132,055		56,656	0	0
25	Contributions, gifts, grants paid.......	933,353				933,353
26	Total expenses and disbursements. Add lines 24 and 25	1,065,408		56,656	0	933,353
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,865,184
b	Net investment income (if negative, enter -0-)			2,815,896
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.............
	2	Savings and temporary cash investments.........	1,339,387	2,319,380	2,319,380
	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)	1,406,219	1,870,762	1,859,441
	b	Investments—corporate stock (attach schedule).......	8,970,007	8,682,723	9,371,154
	c	Investments—corporate bonds (attach schedule).......	2,455,874	3,312,435	3,221,042
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	218,941	6,092	3,200
	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)	14,390,428	16,191,392	16,774,217
	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........	14,390,428	16,191,392
	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).....	14,390,428	16,191,392
	31	Total liabilities and net assets/fund balances (see instructions).	14,390,428	16,191,392

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) ...............

14,390,428

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

1,865,184

Other increases not included in line 2 (itemize) bullet

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

16,255,612

Decreases not included in line 2 (itemize) bullet

64,220

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

16,191,392

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	2000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-08-11	2018-01-03
b	40000. CANADIAN NAT RES LTD NOTE CALL MAKE WHOLE		2017-03-13	2018-01-03
c	2000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-08-11	2018-01-05
d	1073.85 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-01-08
e	8000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-08-11	2018-01-08
	1000. TJX COS INC		2004-10-18	2018-01-09
	2000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-08-11	2018-01-11
	22000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-02-08	2018-01-11
	. PROCEEDS FROM SECURITIES LITIGATION			2018-01-11
	10405.02 CONTL AIRLINES 1.38779% 2/02/19		2017-01-13	2018-02-02
	27522.936 LJM PRESERVATION AND GROWTH I		2017-05-31	2018-02-07
	65502.183 LJM PRESERVATION AND GROWTH I		2016-11-16	2018-02-07
	951.52 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-02-08
	3858. BROOKFIELD INFRASTRUCTURE PARTNERS LP		2010-11-12	2018-02-12
	6487. BROOKFIELD INFRASTRUCTURE PARTNERS LP		2010-12-08	2018-02-13
	4655. BROOKFIELD INFRASTRUCTURE PARTNERS LP		2010-12-08	2018-02-14
	35000. U S TREASURY NT 0.750% 4/15/18		2017-12-11	2018-02-15
	55000. U S TREASURY NT 0.750% 4/15/18		2017-12-11	2018-02-16
	20000. JB HUNT TRANSPRT 2.400% 3/15/19		2014-06-06	2018-02-20
	25000. U S TREASURY NT 1.625% 5/15/26		2016-09-26	2018-02-22
	1113.22 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-03-08
	25000. U S TREASURY NT 1.500% 8/15/26		2017-10-30	2018-03-08
	30000. U S TREASURY NT 1.500% 8/15/26		2017-10-30	2018-03-14
	15000. U S TREASURY NT 1.625% 5/15/26		2016-09-26	2018-03-14
	4000. ABBVIE INC		2016-11-25	2018-03-16
	2000. AMERIPRISE FINL INC		2016-02-02	2018-03-16
	5000. BALL CORP		2018-01-04	2018-03-16
	2000. HONEYWELL INTL INC		1911-11-11	2018-03-16
	2000. JOHNSON & JOHNSON		2016-11-25	2018-03-16
	5000. PFIZER INC.		2017-06-15	2018-03-16
	6500. ROYAL DUTCH SHELL ADR EA REP 2 CL A		2017-06-15	2018-03-16
	4000. SYSCO CORP		2017-02-14	2018-03-16
	1000. SYSCO CORP		2017-06-23	2018-03-16
	1500. 3M COMPANY		2011-09-07	2018-03-16
	1600. UNITED TECHNOLOGIES CORP.		2004-05-25	2018-03-16
	3000. ACCENTURE PLC CL A		2012-05-08	2018-03-16
	12000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2017-06-16	2018-03-26
	6000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2017-06-16	2018-03-26
	604. ADOBE SYS INCORP		2018-03-27	2018-03-27
	174. ALPHABET INC CL C		2013-04-08	2018-03-27
	127. ALPHABET INC CL C		2018-03-27	2018-03-27
	70. ALPHABET INC CAP STK CL A		2018-03-27	2018-03-27
	275. ALPHABET INC CAP STK CL A		2013-04-08	2018-03-27
	6358. BANK OF AMERICA CORPORATION		2018-03-27	2018-03-27
	950. BERKSHIRE HATHAWAY INC CL B		2018-03-27	2018-03-27
	911. BERKSHIRE HATHAWAY INC CL B		2010-11-12	2018-03-27
	789. BRIGHT HORIZONS FAMILY SOLUT		2018-03-27	2018-03-27
	1593. BRIGHT HORIZONS FAMILY SOLUT		2014-03-26	2018-03-27
	522. CHURCH & DWIGHT CO. INC.		2013-06-11	2018-03-27
	1673. CHURCH & DWIGHT CO. INC.		2018-03-27	2018-03-27
	1570. DANAHER CORP		2018-03-27	2018-03-27
	12000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2017-06-16	2018-03-27
	637. ECOLAB INC		2018-03-27	2018-03-27
	866. ECOLAB INC		2012-12-11	2018-03-27
	2249. EDWARDS LIFESCIENCES CORP		2018-03-27	2018-03-27
	283. IDEXX LABORATORIES CORP		2014-10-16	2018-03-27
	403. IDEXX LABORATORIES CORP		2018-03-27	2018-03-27
	2704. J P MORGAN CHASE & CO		2018-03-27	2018-03-27
	3363. LINN ENERGY INC		2018-03-27	2018-03-27
	1190. NIKE INC		2018-03-27	2018-03-27
	880. NIKE INC		2016-10-19	2018-03-27
	2647. SALESFORCE COM INC		2018-03-27	2018-03-27
	3000. STARBUCKS CORP.		2016-10-19	2018-03-27
	2140. SUNCOR ENERGY INC		2018-03-27	2018-03-27
	1191. SUNCOR ENERGY INC		2017-10-24	2018-03-27
	3000. TJX COS INC		2004-10-18	2018-03-27
	333. THERMO ELECTRON CORP		2018-03-27	2018-03-27
	3405. UNILEVER N V - NY SHARES		2016-11-25	2018-03-27
	1458. UNILEVER N V - NY SHARES		2018-03-27	2018-03-27
	1666. VISA INC COM CL A		2014-05-07	2018-03-27
	1311. VISA INC COM CL A		2018-03-27	2018-03-27
	977.00108 WEST PHARMACEUTICAL SERVICES		2018-03-06	2018-03-27
	854.99892 WEST PHARMACEUTICAL SERVICES		2018-03-06	2018-03-27
	5608. NOMAD FOODS LTD		2018-03-27	2018-03-27
	3615. SENSATA TECHNOLOGIES HOLDING		2018-03-27	2018-03-27
	2854. ROYAL DUTCH SHELL ADR EA REP 2 CL A		2018-03-27	2018-04-02
	12480.89043 BA-WMC STRATEGIC EUROPEAN EQUITY FUND CL INST		2018-03-19	2018-04-05
	7391.92357 BA-WMC STRATEGIC EUROPEAN EQUITY FUND CL INST		2017-10-12	2018-04-05
	1123.42 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-04-08
	407. BRIGHT HORIZONS FAMILY SOLUT		2014-03-26	2018-04-12
	557. FACEBOOK INC-CLASS A		2018-03-27	2018-04-12
	150000. U S TREASURY NT 0.750% 4/15/18		2018-03-21	2018-04-12
	2000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2017-06-07	2018-04-23
	. LJM PRESERVATION AND GROWTH I		2016-11-16	2018-04-27
	. LJM PRESERVATION AND GROWTH I		2017-05-31	2018-04-27
	10000. AUTOZONE INC 2.500% 4/15/21		2017-01-25	2018-05-04
	25000. MORGAN STANLEY MTN 2.625% 11/17/21		2018-02-14	2018-05-04
	15000. DIGITAL REALTY TRUST 3.950% 7/01/22		2017-08-09	2018-05-07
	15000. KROGER CO 3.700% 8/01/27		2018-01-03	2018-05-07
	15000. MARTIN MARIETTA MATLS INC		2017-08-09	2018-05-07
	15000. VERIZON 3.61463% 3/16/22		2017-03-14	2018-05-07
	10000. VERIZON 3.61463% 3/16/22		2018-03-22	2018-05-07
	1030.34 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-05-08
	6000. MARTIN MARIETTA MATLS INC		2017-07-18	2018-05-10
	10000. MARTIN MARIETTA MATLS INC		2017-07-18	2018-05-11
	19000. MARTIN MARIETTA MATLS INC		2018-03-21	2018-05-11
	15000. XYLEM INC 3.250% 11/01/26		2017-12-18	2018-05-14
	8000. CELANESE US HLDS 4.625% 11/15/22		2018-03-13	2018-05-16
	14000. CELANESE US HLDS 4.625% 11/15/22		2018-03-13	2018-05-18
	28000. CELANESE US HLDS 4.625% 11/15/22		2018-03-21	2018-05-18
	1750. HEALTHCARE SVCS GRP INC COM		2018-03-27	2018-05-21
	63. AMAZON.COM INC		2018-03-27	2018-05-22
	15. BOOKING HLDGS INC COM		2018-03-27	2018-05-22
	747. HEICO CORP		2018-03-27	2018-05-30
	2000. DOLLAR TREE INC NOTE CALL MAKE WHOLE		2018-04-05	2018-05-31
	2000. DOLLAR TREE INC NOTE CALL MAKE WHOLE		2018-04-05	2018-05-31
	42. INTUITIVE SURGICAL INC		2018-03-27	2018-06-07
	970.38 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-06-08
	267.58 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-06-08
	10000. EDUCATION REALTY 4.600% 12/01/24		2018-06-05	2018-06-11
	40000. EDUCATION REALTY 4.600% 12/01/24		2016-03-07	2018-06-11
	434. GENERAL DYNAMICS CORP		2018-03-27	2018-06-18
	61140.035 BA-SOMERSET EMERGING MARKETS EQUITY FD CL INST		2017-09-18	2018-06-25
	40000. FLORIDA ST HURRICANE 2.107% 7/01/18		2016-03-11	2018-07-01
	2000. 21ST CENTY FOX AMER 3.000% 9/15/22		2018-03-22	2018-07-03
	20000. 21ST CENTY FOX AMER 3.000% 9/15/22		2014-09-26	2018-07-03
	3000. 21ST CENTY FOX AMER 3.000% 9/15/22		2018-03-22	2018-07-03
	991.18 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-07-08
	2369.14 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-07-08
	5849.4 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-07-15
	40000. UNITED STATES TREAS NTS NOTE		2017-05-15	2018-07-23
	260000. UNITED STATES TREAS NTS NOTE		2018-06-13	2018-07-23
	736.06 CONTL AIRLINES 1.38779% 2/02/19		2017-01-13	2018-08-02
	40000. AMERICAN MTN 1.96068% 3/03/22		2017-03-01	2018-08-06
	10000. AMERICAN MTN 1.96068% 3/03/22		2018-03-26	2018-08-06
	924.49 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-08-08
	2233.33 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-08-08
	10000. MYLAN NV 3.950% 6/15/26		2018-03-22	2018-08-09
	22000. MYLAN NV 3.950% 6/15/26		2017-08-08	2018-08-09
	18000. MYLAN NV 3.950% 6/15/26		2017-02-07	2018-08-09
	75. AMAZON.COM INC		2018-03-27	2018-08-10
	12063.76 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-08-10
	777. ALIBABA GROUP HOLDING LTD SPON ADS		2018-03-27	2018-08-14
	777. AMERIPRISE FINL INC		2018-03-27	2018-08-16
	632. SALESFORCE COM INC		2017-06-21	2018-08-20
	518. SALESFORCE COM INC		2017-08-25	2018-08-20
	35000. U S TREASURY NT 1.500% 8/15/26		2017-11-18	2018-08-30
	25000. ANALOG DEVICES INC 3.125% 12/05/23		2017-01-20	2018-09-07
	27. BOOKING HLDGS INC COM		2018-03-27	2018-09-07
	25000. BOSTON PPTYS LTD PARTNERSHIP NOTE		2017-02-10	2018-09-07
	25000. GENERAL DYNAMICS 3.500% 5/15/25		2018-07-20	2018-09-07
	2205. HEXCEL CORP NEW COM		2018-03-27	2018-09-07
	969.72 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-09-08
	2263.81 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-09-08
	1008. LINN ENERGY INC		2017-09-07	2018-09-11
	1587. LINN ENERGY INC		2017-09-07	2018-09-12
	7000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-13
	2000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-14
	4000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-14
	7000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-14
	13328.87 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-09-15
	7000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-09	2018-09-17
	13000. NOBLE ENERGY INC 3.850% 1/15/28		2018-03-21	2018-09-18
	860. SENSATA TECHNOLOGIES HOLDING		2017-11-09	2018-09-19
	60. BOOKING HLDGS INC COM		2018-03-27	2018-10-04
	3000. TENCENT HLDGS LTD A D R		2018-08-20	2018-10-04
	1813. BANK OF AMERICA CORPORATION		2017-06-21	2018-10-05
	619.63 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-10-08
	1929.57 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-10-08
	2300. SENSATA TECHNOLOGIES HOLDING		2017-11-09	2018-10-12
	12137.93 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-10-15
	2025. BANK OF AMERICA CORPORATION		2017-06-21	2018-10-23
	20000. U S TREASURY NT 1.500% 8/15/26		2017-11-12	2018-10-29
	25000. XYLEM INC 3.250% 11/01/26		2018-03-21	2018-11-01
	30000. U S TREASURY NT 1.500% 8/15/26		2017-10-30	2018-11-02
	2072.33 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-11-08
	20000. U S TREASURY NT 1.500% 8/15/26		2017-10-30	2018-11-08
	35000. U S TREASURY NT 1.500% 8/15/26		2018-03-27	2018-11-09
	50000. U S TREASURY NT 1.500% 8/15/26		2017-10-30	2018-11-09
	4475. BANK OF AMERICA CORPORATION		2017-06-21	2018-11-13
	704. HOME DEPOT INC.		2018-03-27	2018-11-13
	10000. MPLX LP 4.500% 7/15/23		2018-03-21	2018-11-13
	40000. MPLX LP 4.500% 7/15/23		2017-01-23	2018-11-13
	10000. ROYAL BANK MTN 3.46625% 2/01/22		2018-03-26	2018-11-13
	3000. ROYAL BANK MTN 3.46625% 2/01/22		2017-08-23	2018-11-13
	2500. MIMECAST LIMITED COM USD0.012		2018-09-20	2018-11-13
	12609.2 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-11-15
	167. IDEXX LABORATORIES CORP		2014-10-16	2018-11-19
	55000. U S TREASURY NT 1.500% 8/15/26		2018-03-27	2018-11-21
	4000. ROYAL BANK MTN 3.46625% 2/01/22		2017-08-23	2018-11-28
	25000. BP CAP MARKETS 3.796% 9/21/25		2018-09-19	2018-11-29
	435. ADOBE SYS INCORP		2017-09-20	2018-12-03
	369. SALESFORCE COM INC		2017-06-21	2018-12-03
	15000. AUTOZONE INC 2.500% 4/15/21		2017-01-25	2018-12-06
	2000. HASBRO INC 3.500% 9/15/27		2018-03-28	2018-12-06
	1933.91 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-12-08
	1096. RIVIERA RES INC		2018-08-07	2018-12-11
	215. RIVIERA RES INC		2018-08-07	2018-12-11
	3689. RIVIERA RES INC		2018-09-11	2018-12-12
	2000. FLOWSERVE CORP		2018-08-28	2018-12-14
	11951.28 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-12-15
	7000. HASBRO INC 3.500% 9/15/27		2018-03-28	2018-12-17
	3809. SUNCOR ENERGY INC		2017-10-24	2018-12-17
	3572. SUNCOR ENERGY INC		2018-04-02	2018-12-17
	13114.27 ARTISAN INTL VALUE FUND ADV		2018-04-05	2018-12-20
	39647.461 BA-WMC STRATEGIC EUROPEAN EQUITY FUND CL INST		2017-09-25	2018-12-20
	20000. FIDELITY NATIONAL 5.000% 10/15/25		2016-05-12	2018-12-21
	25000. MPLX LP NOTE CALL MAKE WHOLE		2018-11-08	2018-12-21
	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	1,975	2,043	-68
b	41,248	39,666	1,582
c	1,969	2,043	-74
d	1,074	1,074
e	7,875	8,173	-298
	75,360	11,225	64,135
	1,964	2,043	-79
	21,597	21,750	-153
	282		282
	10,405	10,674	-269
	54,933	300,000	-245,067
	130,736	750,000	-619,264
	952	951	1
	156,781	55,443	101,338
	264,861	93,216	171,645
	190,334	66,894	123,440
	34,954	34,967	-13
	54,931	54,952	-21
	19,958	20,027	-69
	22,665	25,074	-2,409
	1,113	1,113
	22,478	23,423	-945
	27,022	28,111	-1,089
	13,695	15,044	-1,349
	458,301	123,632	334,669
	313,531	168,006	145,525
	203,020	193,393	9,627
	303,460	60,963	242,497
	266,118	237,545	28,573
	184,012	164,683	19,329
	403,566	344,375	59,191
	239,654	204,709	34,945
	59,914	50,186	9,728
	355,561	120,818	234,743
	206,074	66,912	139,162
	484,356	177,729	306,627
	12,227	12,704	-477
	6,125	6,352	-227
	130,723	123,411	7,312
	176,667	67,001	109,666
	128,946	128,006	940
	71,011	70,574	437
	278,974	106,524	172,450
	188,637	177,760	10,877
	187,231	186,190	1,041
	179,545	73,263	106,282
	78,792	78,485	307
	159,082	59,745	99,337
	25,199	15,939	9,260
	80,763	80,631	132
	153,203	151,852	1,351
	12,264	12,701	-437
	86,410	86,198	212
	117,474	62,762	54,712
	311,808	274,653	37,155
	54,297	16,597	37,700
	77,321	76,961	360
	294,178	264,768	29,410
	125,151	119,553	5,598
	79,094	78,913	181
	58,489	45,210	13,279
	301,125	277,502	23,623
	172,781	159,105	13,676
	73,492	73,698	-206
	40,902	39,506	1,396
	241,726	33,675	208,051
	68,977	68,776	201
	183,813	130,032	53,781
	78,708	78,609	99
	196,697	86,565	110,132
	154,784	154,212	572
	84,724	87,127	-2,403
	74,144	76,247	-2,103
	89,425	86,263	3,162
	183,487	191,813	-8,326
	181,353	183,121	-1,768
	158,382	160,027	-1,645
	93,804	95,208	-1,404
	1,123	1,123
	40,364	15,264	25,100
	91,273	84,701	6,572
	149,982	149,994	-12
	2,029	2,115	-86
	260,689		260,689
	109,537		109,537
	9,768	9,914	-146
	24,327	24,509	-182
	15,157	15,781	-624
	14,187	15,160	-973
	15,228	15,883	-655
	15,330	15,028	302
	10,220	10,198	22
	1,030	1,030
	6,071	6,348	-277
	10,115	10,580	-465
	19,215	19,729	-514
	14,181	14,973	-792
	8,174	8,350	-176
	14,325	14,606	-281
	28,658	29,141	-483
	64,670	75,127	-10,457
	100,161	95,257	4,904
	31,140	31,229	-89
	70,369	66,046	4,323
	1,994	1,998	-4
	1,991	1,998	-7
	20,235	17,151	3,084
	970	970
	268	268
	9,991	10,090	-99
	39,964	40,065	-101
	84,910	96,500	-11,590
	615,069	681,100	-66,031
	40,000	40,000
	1,959	1,973	-14
	19,594	19,722	-128
	2,939	2,960	-21
	991	991
	2,369	2,369
	5,849	5,860	-11
	39,991	39,997	-6
	259,939	259,947	-8
	736	746	-10
	40,260	40,106	154
	10,065	10,091	-26
	924	924
	2,233	2,233
	9,481	9,713	-232
	20,858	21,956	-1,098
	17,062	17,367	-305
	141,905	113,401	28,504
	12,064	12,085	-21
	133,734	141,722	-7,988
	107,759	115,068	-7,309
	91,644	55,322	36,322
	75,113	48,969	26,144
	31,657	33,085	-1,428
	24,293	24,793	-500
	51,177	56,212	-5,035
	25,212	25,701	-489
	25,077	25,131	-54
	144,044	142,612	1,432
	970	970
	2,264	2,264
	16,262	11,834	4,428
	25,339	18,632	6,707
	6,633	7,075	-442
	1,892	2,022	-130
	3,783	4,043	-260
	6,608	7,074	-466
	13,329	13,351	-22
	6,601	7,050	-449
	12,253	12,773	-520
	43,621	41,649	1,972
	116,137	124,319	-8,182
	115,871	134,002	-18,131
	54,625	42,669	11,956
	620	620
	1,930	1,930
	100,027	111,388	-11,361
	12,138	12,157	-19
	54,402	47,658	6,744
	17,839	18,922	-1,083
	23,289	24,533	-1,244
	26,627	28,255	-1,628
	2,072	2,072
	17,697	18,838	-1,141
	31,047	31,859	-812
	44,354	46,946	-2,592
	124,943	105,319	19,624
	123,994	123,271	723
	10,125	10,294	-169
	40,502	41,136	-634
	10,086	10,085	1
	3,026	3,018	8
	85,661	102,841	-17,180
	12,609	12,627	-18
	32,072	9,794	22,278
	49,240	50,082	-842
	4,024	4,024
	24,673	25,051	-378
	110,180	65,229	44,951
	53,257	32,300	20,957
	14,597	14,898	-301
	1,839	1,886	-47
	1,934	1,934
	18,445	24,523	-6,078
	3,620	4,811	-1,191
	62,850	79,878	-17,028
	82,284	104,786	-22,502
	11,951	11,967	-16
	6,409	6,586	-177
	111,619	126,346	-14,727
	104,674	123,324	-18,650
	400,116	500,000	-99,884
	383,787	505,169	-121,382
	20,685	21,829	-1,144
	24,852	24,874	-22
			152,017

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			-68
b			1,582
c			-74
d
e			-298
			64,135
			-79
			-153
			282
			-269
			-245,067
			-619,264
			1
			101,338
			171,645
			123,440
			-13
			-21
			-69
			-2,409

			-945
			-1,089
			-1,349
			334,669
			145,525
			9,627
			242,497
			28,573
			19,329
			59,191
			34,945
			9,728
			234,743
			139,162
			306,627
			-477
			-227
			7,312
			109,666
			940
			437
			172,450
			10,877
			1,041
			106,282
			307
			99,337
			9,260
			132
			1,351
			-437
			212
			54,712
			37,155
			37,700
			360
			29,410
			5,598
			181
			13,279
			23,623
			13,676
			-206
			1,396
			208,051
			201
			53,781
			99
			110,132
			572
			-2,403
			-2,103
			3,162
			-8,326
			-1,768
			-1,645
			-1,404

			25,100
			6,572
			-12
			-86
			260,689
			109,537
			-146
			-182
			-624
			-973
			-655
			302
			22

			-277
			-465
			-514
			-792
			-176
			-281
			-483
			-10,457
			4,904
			-89
			4,323
			-4
			-7
			3,084


			-99
			-101
			-11,590
			-66,031

			-14
			-128
			-21


			-11
			-6
			-8
			-10
			154
			-26


			-232
			-1,098
			-305
			28,504
			-21
			-7,988
			-7,309
			36,322
			26,144
			-1,428
			-500
			-5,035
			-489
			-54
			1,432


			4,428
			6,707
			-442
			-130
			-260
			-466
			-22
			-449
			-520
			1,972
			-8,182
			-18,131
			11,956


			-11,361
			-19
			6,744
			-1,083
			-1,244
			-1,628

			-1,141
			-812
			-2,592
			19,624
			723
			-169
			-634
			1
			8
			-17,180
			-18
			22,278
			-842

			-378
			44,951
			20,957
			-301
			-47

			-6,078
			-1,191
			-17,028
			-22,502
			-16
			-177
			-14,727
			-18,650
			-99,884
			-121,382
			-1,144
			-22

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	2,565,191
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	858,067	17,721,293	0.04842
2016	899,561	17,079,137	0.05267
2015	935,864	18,107,824	0.051683
2014	921,573	18,257,331	0.050477
2013	818,987	17,215,195	0.047573

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

0.250823

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 ......

0.050165

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

18,035,581

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

904,755

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

28,159

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

932,914

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

933,353

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	28,159
	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	28,159
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	28,159
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	56,000
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	56,000
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	27,841
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax27,841	Refunded	11	0

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

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5562

Located at bullet

901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4 bullet

21231

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-)
BROWN ADVISORY	TRUSTEE 2	0
901 SOUTH BOND STREET SUITE 400 BALTIMORE,MD21231	TRUSTEE 2	0
CAROL S BRUDIN	TRUSTEE 2	24,460
6571 MINK HOLLOW ROAD HIGHLAND,MD20777	TRUSTEE 2	24,460

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

16,526,896

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

1,783,339

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

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

18,310,235

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

18,310,235

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

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

274,654

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

18,035,581

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

901,779

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

901,779

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

28,159

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

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

28,159

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

873,620

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

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

873,620

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

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

873,620

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 ..........

933,353

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

933,353

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

28,159

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

905,194

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					873,620
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......	0
b From 2014......	13,386
c From 2015......	35,445
d From 2016......	86,274
e From 2017......	31,534
fTotal of lines 3a through e........		166,639
4Qualifying distributions for 2018 from Part
XII, line 4: $ 933,353
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.....					873,620
e Remaining amount distributed out of corpus		59,733
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		226,372
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) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		226,372
10 Analysis of line 9:
a Excess from 2014....	13,386
b Excess from 2015....	35,445
c Excess from 2016....	86,274
d Excess from 2017....	31,534
e Excess from 2018....	59,733

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).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2018)

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
SEEING EYE INC ATTN ROBERT PUDLAK P O BOX 375 MORRISTOWN,NJ07963	NONE	PUBLIC CHARITY	CHARITABLE	93,335
CHRIST LUTHERAN CHURCH 701 SOUTH CHARLES ST BALTIMORE,MD21230	NONE	PUBLIC CHARITY	GENERAL	186,671
MARYLAND SCOTTISH RITE CHARITABLE FOUNDATION INC 3800 N CHARLES ST BALTIMORE,MD21218	NONE	PUBLIC CHARITY	CHILDHOOD LANGUAGE	93,335
SHRINERS HOSPITAL FOR CHILDREN P O BOX 31356 TAMPA,FL33631	NONE	PUBLIC CHARITY	MEDICAL	186,671
THE PROVIDENCE CENTER 930 POINT PLEASANT RD GLEN BURNIE,MD21060	NONE	PUBLIC CHARITY	CHARITABLE	93,335
JOHNS HOPKINS CHILDREN CENTER 3910 KESWICK RD BALTIMORE,MD21211	NONE	PUBLIC CHARITY	MEDICAL	140,003
NATIONAL FEDRTN FOR THE BLIND 1800 JOHNSON ST BALTIMORE,MD21230	NONE	PUBLIC CHARITY	MEDICAL	93,335
BELLO MACHRE ATTN DR ROBERT IRELAND 7765 FREETOWN RD GLEN BURNIE,MD21060	NONE	PUBLIC CHARITY	CHARITABLE	46,668
Total ................................. 3a				933,353

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	366,612
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	2,565,191
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPASSTHRU OTHER INC			41	-1,211
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				2,930,592

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

2,930,592

(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

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS	1,251,059	1,223,932
FIXED INCOME MUTUAL FUNDS	1,956,217	1,892,893
FOREIGN BONDS	105,159	104,217

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCKS - DOMESTIC	3,518,024	4,826,524
EQUITY MUTUAL FUNDS	4,899,719	4,226,041
FOREIGN STOCKS	264,980	318,589

- TIN:

TY 2018 InvestmentsGovtObligationsSch

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

US Government Securities - End of Year Book Value:

1,870,762

US Government Securities - End of Year Fair Market Value:

1,859,441

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
PASSTHROUGH ENTITIES
WATER FACILITY CHARGES	AT COST	6,092	3,200

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

Description	Amount
GAINS NOT RECORDED ON BOOKS	64,220

- TIN:

TY 2018 OtherIncomeSchedule2

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
BROOKFIELD INFRASTRUCTURE PARTNERS LP	-1,211	-1,211

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER INVESTMENT FEES	16	16
INVESTMENT FEES-PRIN	25,161	25,161

- TIN:

TY 2018 TaxesSchedule

Name:

ADAMS JESSE AND HERTHA CHARITABLE TR

EIN:

25-6821173

Category	Amount	Net Investment Income
FOREIGN TAXES	3,703	3,703
FEDERAL EXCISE TAX	19,399	0
QUARTERLY TAX DEPOSIT	56,000	0
FOREIGN TAXES ON QUALIFIED FOR	2,677	2,677
FOREIGN TAXES ON NONQUALIFIED	639	639