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
FANCY HILL FOUNDATION

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

52-2284314

B Telephone number (see instructions)

(410) 537-5404

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

$7,794,516J 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...	162,474		161,465	162,474
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		384,905
b	Gross sales price for all assets on line 6a 4,228,783
7	Capital gain net income (from Part IV, line 2)...			384,905
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).......
12	Total. Add lines 1 through 11........	547,379		546,370	162,474
13	Compensation of officers, directors, trustees, etc.
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)....		32,049	32,049	31,940	0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		10,278	2,338		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..........	42,327		34,387	31,940	0
25	Contributions, gifts, grants paid.......	395,000				395,000
26	Total expenses and disbursements. Add lines 24 and 25	437,327		34,387	31,940	395,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	110,052
b	Net investment income (if negative, enter -0-)			511,983
c	Adjusted net income (if negative, enter -0-)...				130,534

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.........	309,610	504,090	504,090
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,802,220	2,767,593	3,201,203
	c	Investments—corporate bonds (attach schedule).......	676,000	1,626,000	1,589,223
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	2,500,000	2,500,000	2,500,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,287,830	7,397,683	7,794,516
	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........	7,287,830	7,397,683
	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).....	7,287,830	7,397,683
	31	Total liabilities and net assets/fund balances (see instructions).	7,287,830	7,397,683

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

7,287,830

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

110,052

Other increases not included in line 2 (itemize) bullet

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

7,397,882

Decreases not included in line 2 (itemize) bullet

199

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

7,397,683

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	8. DANAHER CORP		2016-08-10	2018-01-03
b	12. DANAHER CORP		2016-08-10	2018-01-04
c	. BANK OF NEW YORK MELLON CORP			2018-01-05
d	. BANK OF NEW YORK MELLON CORP			2018-01-05
e	22. DANAHER CORP		2016-08-10	2018-01-05
	. PROCEEDS OF LITIGATION FROM AIG			2018-01-05
	. PROCEEDS OF LITIGATION FROM AIG			2018-01-05
	35. PAYPAL HOLDINGS INC		2016-08-16	2018-01-09
	53. PAYPAL HOLDINGS INC		2016-08-11	2018-01-10
	16. WABTEC COM		2016-06-14	2018-01-16
	100. NXP SEMICONDUCTORS N V		2016-07-01	2018-01-18
	83. NXP SEMICONDUCTORS N V		2016-07-05	2018-01-19
	37. NXP SEMICONDUCTORS N V		2015-01-07	2018-01-22
	23. ECOLAB INC		2016-02-23	2018-01-23
	24. NXP SEMICONDUCTORS N V		2015-01-07	2018-01-23
	24. NXP SEMICONDUCTORS N V		2015-01-06	2018-01-23
	40. ECOLAB INC		2013-02-04	2018-01-24
	26. WABTEC COM		2015-12-08	2018-01-26
	96. STARBUCKS CORP.		2017-10-05	2018-01-29
	22. STARBUCKS CORP.		2012-10-31	2018-01-29
	9. WABTEC COM		2015-12-09	2018-01-29
	22. STARBUCKS CORP.		2012-10-31	2018-01-30
	57. STARBUCKS CORP.		2012-10-31	2018-01-30
	78. STARBUCKS CORP.		2012-10-31	2018-01-30
	93. STARBUCKS CORP.		2012-10-31	2018-01-31
	3. STARBUCKS CORP.		2012-10-24	2018-01-31
	40. STARBUCKS CORP.		2012-10-24	2018-01-31
	3. AMAZON.COM INC		2015-01-14	2018-02-01
	14. FACEBOOK INC CLASS A		2015-03-06	2018-02-01
	2. FLEETCOR TECHNOLOGIES INC		2015-08-14	2018-02-01
	6. FLEETCOR TECHNOLOGIES INC		2017-03-08	2018-02-01
	123. STARBUCKS CORP.		2012-10-24	2018-02-01
	17811.322 BA- MACQUARIE ASIA NEW STARS FD CL INST		2016-12-05	2018-02-02
	192. STARBUCKS CORP.		2012-10-24	2018-02-02
	29. WABTEC COM		2015-12-22	2018-02-06
	19. WABTEC COM		2015-12-22	2018-02-06
	43554.007 LJM PRESERVATION AND GROWTH I		2016-11-21	2018-02-07
	17. WABTEC COM		2015-12-17	2018-02-07
	19. ECOLAB INC		2012-11-30	2018-02-08
	23. WABTEC COM		2015-12-11	2018-02-08
	31. WABTEC COM		2015-12-18	2018-02-08
	22. ECOLAB INC		2012-12-04	2018-02-09
	15. ECOLAB INC		2012-12-04	2018-02-09
	27. WABTEC COM		2016-02-18	2018-02-09
	6. WABTEC COM		2016-01-06	2018-02-09
	8. ECOLAB INC		2012-12-04	2018-02-12
	21. WABTEC COM		2016-01-07	2018-02-12
	351. CANADIAN NATL RAILWAY CO		2017-01-11	2018-02-13
	164. CROWN CASTLE INTL CORP		2017-01-11	2018-02-13
	20. ECOLAB INC		2012-12-04	2018-02-13
	1018. HANESBRANDS INC COM USD0.01		2017-02-08	2018-02-13
	577. HANESBRANDS INC COM USD0.01		2017-09-27	2018-02-13
	839. PT BK RAKYAT A D R		2017-01-11	2018-02-13
	74. UNITED RENTALS INC		2017-11-08	2018-02-13
	220. UNITED RENTALS INC		2017-01-11	2018-02-13
	11. WABTEC COM		2016-01-22	2018-02-13
	820. TECHNIPFMC PLC		2017-01-16	2018-02-13
	174. WILLIS TOWERS WATSON PLC		2017-01-11	2018-02-13
	16. ECOLAB INC		2012-12-05	2018-02-14
	145. WABTEC COM		2016-02-09	2018-02-14
	35. ECOLAB INC		2012-12-05	2018-02-15
	3. FLEETCOR TECHNOLOGIES INC		2017-03-09	2018-02-15
	4. FLEETCOR TECHNOLOGIES INC		2015-08-14	2018-02-15
	15. ECOLAB INC		2012-12-05	2018-02-16
	20. ECOLAB INC		2012-11-29	2018-02-20
	11. ECOLAB INC		2012-11-29	2018-02-21
	21. ECOLAB INC		2012-12-03	2018-02-23
	8. ECOLAB INC		2012-12-03	2018-02-26
	11. ECOLAB INC		2012-12-03	2018-02-27
	4. ECOLAB INC		2012-12-03	2018-02-28
	10. ECOLAB INC		2012-12-03	2018-03-01
	27. ESTEE LAUDER COMPANIES CL A		2012-03-16	2018-03-01
	16. ECOLAB INC		2012-12-03	2018-03-02
	9. ECOLAB INC		2012-12-03	2018-03-05
	18. ECOLAB INC		2012-11-28	2018-03-05
	22. ECOLAB INC		2012-11-28	2018-03-06
	11. ECOLAB INC		2012-11-28	2018-03-07
	98. ECOLAB INC		2012-11-27	2018-03-07
	53. SMITH A O CORP		2018-01-26	2018-03-08
	17. ADOBE SYS INCORP		2016-05-18	2018-03-09
	18. AMPHENOL CORP - CL A		2010-04-15	2018-03-09
	9. ADOBE SYS INCORP		2016-05-18	2018-03-12
	29. AMPHENOL CORP - CL A		2010-04-15	2018-03-12
	11. ADOBE SYS INCORP		2016-05-11	2018-03-13
	8. AMPHENOL CORP - CL A		2010-04-15	2018-03-13
	4. SMITH A O CORP		2018-01-23	2018-03-13
	5. SMITH A O CORP		2018-01-23	2018-03-14
	1. SMITH A O CORP		2017-02-27	2018-03-14
	5. AMPHENOL CORP - CL A		2010-04-15	2018-03-15
	6. SMITH A O CORP		2017-02-27	2018-03-15
	19. AMPHENOL CORP - CL A		2010-04-15	2018-03-16
	30. VISA INC CLASS A SHARES		2013-08-29	2018-03-19
	572. AIA GROUP LTD A D R		2017-01-11	2018-03-23
	111. AETNA INC NEW		2017-11-08	2018-03-23
	337. ALTRIA GROUP INC		2017-01-11	2018-03-23
	39. ALTRIA GROUP INC		2017-09-27	2018-03-23
	194. AMERIPRISE FINL INC		2017-01-11	2018-03-23
	503. APACHE CORP		2018-02-13	2018-03-23
	106. APPLE COMPUTER INC.		2017-01-11	2018-03-23
	1514. BANK OF AMERICA CORPORATION		2017-01-11	2018-03-23
	111. BERKSHIRE HATHAWAY INC CL B		2017-09-27	2018-03-23
	384. CINCINNATI FINANCIAL CORP		2017-01-11	2018-03-23
	913. CISCO SYSTEMS		2017-01-11	2018-03-23
	338. COCA COLA CO.		2017-01-11	2018-03-23
	2003. COLONY NORTHSTAR INC CLASS A		2018-02-13	2018-03-23
	256. CONSOLIDATED TOMOKA LD CO COM		2018-02-13	2018-03-23
	113. CROWN CASTLE INTL CORP		2017-01-11	2018-03-23
	299. DANAHER CORP		2017-01-11	2018-03-23
	391. DELTA AIR LINES INC		2017-11-08	2018-03-23
	274. EOG RES INC		2017-01-11	2018-03-23
	283. ECHOSTAR CORP A		2017-01-11	2018-03-23
	7. FLEETCOR TECHNOLOGIES INC		2017-03-09	2018-03-23
	55. GENERAL DYNAMICS CORP		2017-11-08	2018-03-23
	66. GENERAL DYNAMICS CORP		2017-01-11	2018-03-23
	414. J P MORGAN CHASE & CO		2017-01-11	2018-03-23
	270. JOHNSON & JOHNSON		2017-01-11	2018-03-23
	901. KINDER MORGAN INC		2017-01-11	2018-03-23
	476. LIBERTY MEDIA CORP DELAWARE		2017-01-11	2018-03-23
	1074. MFA FINANCIAL INC		2017-01-11	2018-03-23
	650. MFA FINANCIAL INC		2017-09-27	2018-03-23
	374. MERCK CO INC		2017-01-11	2018-03-23
	242. MICROSOFT CORP.		2017-01-11	2018-03-23
	141. MURPHY USA INC COM		2018-02-13	2018-03-23
	661. NATIONAL GENERAL HLDGS CO COM NPV		2017-01-11	2018-03-23
	261. OCCIDENTAL PETROLEUM CORP.		2017-01-11	2018-03-23
	1954. PT BK RAKYAT A D R		2017-01-11	2018-03-23
	215. PEPSICO INC.		2017-01-11	2018-03-23
	244. PHILIP MORRIS INTERNATIONAL INC		2017-01-11	2018-03-23
	152. PRAXAIR INC.		2017-01-11	2018-03-23
	1765. REGIONS FINL CORP		2017-01-11	2018-03-23
	160. HENRY SCHEIN INC		2018-02-13	2018-03-23
	601. SUNCOR ENERGY INC		2017-01-11	2018-03-23
	660. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR		2017-01-11	2018-03-23
	1156. TEGNA INC COM		2018-02-13	2018-03-23
	51. 3M COMPANY		2017-01-11	2018-03-23
	47. 3M COMPANY		2017-11-08	2018-03-23
	90. UNITED TECHNOLOGIES CORP.		2017-11-08	2018-03-23
	164. UNITED TECHNOLOGIES CORP.		2017-01-11	2018-03-23
	255. V F CORP.		2017-03-06	2018-03-23
	131. WAL MART STORES INC.		2018-02-13	2018-03-23
	386. WELLS FARGO & CO-NEW		2017-01-11	2018-03-23
	866. XENIA HOTELS &RESORTS INC COM		2017-01-11	2018-03-23
	174. ADOBE SYS INCORP		2016-07-05	2018-03-26
	132.99989 ALIBABA GROUP HOLDING LTD A D R		2018-02-08	2018-03-26
	8.00011 ALIBABA GROUP HOLDING LTD A D R		2018-02-01	2018-03-26
	28. ALPHABET INC CL C		2016-05-17	2018-03-26
	6. ALPHABET INC CL C		2018-02-08	2018-03-26
	14. ALPHABET INC CL A		2008-12-03	2018-03-26
	31. AMAZON.COM INC		2015-01-20	2018-03-26
	355. AMPHENOL CORP - CL A		2010-04-16	2018-03-26
	116. ANSYS INC		2010-10-12	2018-03-26
	290. BWX TECHNOLOGIES INC		2018-03-02	2018-03-26
	16. BOOKING HOLDINGS INC		2018-03-07	2018-03-26
	44.00006 CHARTER COMMUNICATIONS INC NEW		2017-10-05	2018-03-26
	24.99994 CHARTER COMMUNICATIONS INC NEW		2017-07-28	2018-03-26
	81.99915 CINTAS CORP.		2018-03-19	2018-03-26
	20.00085 CINTAS CORP.		2018-02-28	2018-03-26
	145. COSTCO WHOLESALE CORPORATION		2015-06-17	2018-03-26
	330. DANAHER CORP		2016-05-05	2018-03-26
	215. DEXCOM INC		2016-11-28	2018-03-26
	68. DEXCOM INC		2017-07-13	2018-03-26
	135. EDWARDS LIFESCIENCES CORP		2017-02-13	2018-03-26
	230. ELECTRONIC ARTS		2018-02-02	2018-03-26
	190. FACEBOOK INC CLASS A		2015-03-06	2018-03-26
	158. FLEETCOR TECHNOLOGIES INC		2015-09-18	2018-03-26
	87. FORTIVE CORP WI		2018-01-19	2018-03-26
	354. FORTIVE CORP WI		2016-07-21	2018-03-26
	3.00095 INTUIT INC.		2018-03-09	2018-03-26
	190.99905 INTUIT INC.		2018-03-12	2018-03-26
	90. INTUITIVE SURGICAL INC		2009-02-27	2018-03-26
	5. INTUITIVE SURGICAL INC		2018-02-08	2018-03-26
	241. ESTEE LAUDER COMPANIES CL A		2013-02-01	2018-03-26
	78. PAYPAL HOLDINGS INC		2018-02-08	2018-03-26
	407. PAYPAL HOLDINGS INC		2016-08-26	2018-03-26
	130. ROPER INDUSTRIES INC NEW		2016-12-05	2018-03-26
	200. SBA COMMUNICATIONS CORP		2016-11-23	2018-03-26
	319. SALESFORCE COM INC		2009-02-12	2018-03-26
	21.99982 SHERWIN WILLIAMS CO		2018-01-24	2018-03-26
	41.00018 SHERWIN WILLIAMS CO		2018-01-30	2018-03-26
	341. SMITH A O CORP		2017-03-09	2018-03-26
	231. TJX COS INC		2017-03-21	2018-03-26
	61. TJX COS INC		2017-05-15	2018-03-26
	50. THERMO ELECTRON CORP		2018-01-05	2018-03-26
	99. THERMO ELECTRON CORP		2017-03-16	2018-03-26
	338. VISA INC CLASS A SHARES		2013-08-29	2018-03-26
	568. ZOETIS INC		2018-01-19	2018-03-26
	669. GENPACT LIMITED		2016-08-26	2018-03-26
	122. GENPACT LIMITED		2018-03-23	2018-03-26
	7. ADOBE SYS INCORP		2016-04-28	2018-04-10
	11. ZOETIS INC		2017-05-02	2018-04-10
	11. ZOETIS INC		2017-05-02	2018-04-11
	1232. TEGNA INC COM		2018-02-13	2018-04-20
	18. ESTEE LAUDER COMPANIES CL A		2012-05-07	2018-04-24
	4. CHARTER COMMUNICATIONS INC NEW		2017-07-10	2018-04-25
	34. CHARTER COMMUNICATIONS INC NEW		2018-01-19	2018-04-27
	. LJM PRESERVATION AND GROWTH I		2016-11-21	2018-04-27
	29. ESTEE LAUDER COMPANIES CL A		2012-05-07	2018-05-01
	8. ESTEE LAUDER COMPANIES CL A		2012-05-07	2018-05-02
	29. FORTIVE CORP WI		2018-04-27	2018-05-07
	1. FORTIVE CORP WI		2016-07-21	2018-05-07
	1. INTUITIVE SURGICAL INC		2009-02-27	2018-05-07
	5. DANAHER CORP		2008-03-18	2018-05-08
	10. DANAHER CORP		2008-03-18	2018-05-09
	10. CHARTER COMMUNICATIONS INC NEW		2017-10-16	2018-05-10
	2. INTUITIVE SURGICAL INC		2009-02-27	2018-05-10
	8. CHARTER COMMUNICATIONS INC NEW		2017-09-28	2018-05-11
	7. CHARTER COMMUNICATIONS INC NEW		2017-10-26	2018-05-14
	10. DANAHER CORP		2008-03-18	2018-05-14
	6. CHARTER COMMUNICATIONS INC NEW		2017-10-26	2018-05-15
	7. CHARTER COMMUNICATIONS INC NEW		2017-10-26	2018-05-16
	5. DEXCOM INC		2016-11-02	2018-06-14
	4. DEXCOM INC		2016-11-02	2018-06-14
	2135. COLONY NORTHSTAR INC CLASS A		2018-02-13	2018-06-15
	9. DEXCOM INC		2016-11-02	2018-06-15
	2. INTUITIVE SURGICAL INC		2009-02-27	2018-06-27
	24. PAYPAL HOLDINGS INC		2016-07-07	2018-06-27
	2. ANSYS INC		2010-10-08	2018-06-28
	5. ANSYS INC		2010-10-08	2018-06-28
	3. INTUITIVE SURGICAL INC		2009-02-27	2018-06-28
	17. SALESFORCE COM INC		2009-02-12	2018-06-28
	17. ANSYS INC		2010-10-08	2018-06-29
	5. ANSYS INC		2010-10-08	2018-07-02
	4. ANSYS INC		2010-10-08	2018-07-05
	119. AETNA INC NEW		2017-11-08	2018-07-09
	17. ANSYS INC		2010-10-08	2018-07-09
	9. ANSYS INC		2010-10-08	2018-07-10
	7. ANSYS INC		2010-10-08	2018-07-11
	5. ANSYS INC		2010-10-08	2018-07-11
	17. ANSYS INC		2010-10-08	2018-07-12
	1. ANSYS INC		2010-10-08	2018-07-13
	3. ANSYS INC		2010-10-08	2018-07-13
	2. AMAZON.COM INC		2015-01-20	2018-07-16
	8. ANSYS INC		2010-10-08	2018-07-17
	4. FLEETCOR TECHNOLOGIES INC		2015-09-18	2018-07-17
	4. ANSYS INC		2010-10-08	2018-07-18
	6. FLEETCOR TECHNOLOGIES INC		2015-09-18	2018-07-18
	2. ANSYS INC		2010-10-08	2018-07-19
	1. FLEETCOR TECHNOLOGIES INC		2015-07-29	2018-07-19
	2. ANSYS INC		2010-10-08	2018-07-20
	2. ANSYS INC		2010-10-08	2018-07-20
	6. FLEETCOR TECHNOLOGIES INC		2015-07-29	2018-07-20
	2. FLEETCOR TECHNOLOGIES INC		2015-09-10	2018-07-23
	5. ANSYS INC		2010-10-08	2018-07-25
	6. ADOBE SYS INCORP		2016-04-22	2018-07-26
	6. ADOBE SYS INCORP		2016-04-22	2018-07-30
	4. INTUITIVE SURGICAL INC		2007-01-16	2018-07-30
	5. DEXCOM INC		2018-07-27	2018-08-07
	6. DEXCOM INC		2018-07-27	2018-08-09
	. BANK OF AMERICA LITIGATION PROCEEDS			2018-08-10
	3. DEXCOM INC		2018-07-30	2018-08-13
	3. DEXCOM INC		2018-07-30	2018-08-14
	4. ADOBE SYS INCORP		2016-05-02	2018-08-16
	3. FLEETCOR TECHNOLOGIES INC		2015-09-10	2018-08-16
	2. INTUIT INC.		2018-03-23	2018-08-16
	9. SALESFORCE COM INC		2009-02-12	2018-08-16
	4. SALESFORCE COM INC		2009-02-12	2018-08-16
	4. ADOBE SYS INCORP		2016-05-02	2018-08-17
	3. FLEETCOR TECHNOLOGIES INC		2015-09-10	2018-08-17
	1. INTUIT INC.		2018-03-23	2018-08-17
	3. FLEETCOR TECHNOLOGIES INC		2015-07-28	2018-08-20
	7. INTUIT INC.		2017-04-13	2018-08-20
	4. ADOBE SYS INCORP		2016-05-09	2018-08-27
	11. SALESFORCE COM INC		2009-02-12	2018-08-27
	2. ALPHABET INC CL C		2018-05-10	2018-08-31
	12067.578 BA-WMC STRATEGIC EUROPEAN EQUITY FUND CL INST		2018-03-29	2018-09-14
	2500. ISHARES CORE MSCI EAFE ETF		2018-03-29	2018-09-14
	4. DEXCOM INC		2016-11-02	2018-09-18
	9.99994 ALIBABA GROUP HOLDING LTD A D R		2018-07-16	2018-09-19
	9.00006 ALIBABA GROUP HOLDING LTD A D R		2018-07-16	2018-09-19
	1. ALPHABET INC CL C		2009-03-11	2018-09-19
	5. AMPHENOL CORP - CL A		2018-05-16	2018-09-20
	22. GENPACT LIMITED		2018-05-14	2018-09-20
	13. AMPHENOL CORP - CL A		2018-05-17	2018-09-21
	6. DEXCOM INC		2016-11-07	2018-09-21
	11. FACEBOOK INC CLASS A		2018-07-26	2018-09-21
	3. FLEETCOR TECHNOLOGIES INC		2015-07-28	2018-09-21
	11. SALESFORCE COM INC		2009-02-12	2018-09-21
	15. GENPACT LIMITED		2018-05-18	2018-09-21
	10. GENPACT LIMITED		2018-05-18	2018-09-21
	1. AMPHENOL CORP - CL A		2010-04-16	2018-09-24
	3. AMPHENOL CORP - CL A		2018-05-15	2018-09-24
	3. FLEETCOR TECHNOLOGIES INC		2015-07-28	2018-09-24
	4. GENPACT LIMITED		2018-05-17	2018-09-24
	8. AMPHENOL CORP - CL A		2010-04-16	2018-09-25
	7. FACEBOOK INC CLASS A		2018-07-26	2018-09-25
	2. FLEETCOR TECHNOLOGIES INC		2015-07-28	2018-09-25
	4. GENPACT LIMITED		2018-05-17	2018-09-25
	536. APACHE CORP		2018-02-13	2018-10-03
	278. OCCIDENTAL PETROLEUM CORP.		2017-01-11	2018-10-03
	6. ALIBABA GROUP HOLDING LTD A D R		2017-06-23	2018-10-05
	6. ALIBABA GROUP HOLDING LTD A D R		2017-06-23	2018-10-08
	13. SMITH A O CORP		2018-07-17	2018-10-10
	24. SMITH A O CORP		2018-07-17	2018-10-10
	17. SMITH A O CORP		2018-07-18	2018-10-11
	44. SMITH A O CORP		2016-12-21	2018-10-11
	47. SMITH A O CORP		2016-12-21	2018-10-11
	28. SMITH A O CORP		2017-01-27	2018-10-12
	30. SMITH A O CORP		2017-01-23	2018-10-12
	17421.603 BA-SOMERSET EMERGING MARKETS EQUITY FD CL INST		2016-12-05	2018-10-15
	30. SMITH A O CORP		2017-01-06	2018-10-15
	20. SMITH A O CORP		2017-01-20	2018-10-16
	2. SMITH A O CORP		2016-12-28	2018-10-16
	45. SMITH A O CORP		2017-01-03	2018-10-16
	4. SMITH A O CORP		2017-01-03	2018-10-17
	7. SMITH A O CORP		2017-01-09	2018-10-17
	4. SMITH A O CORP		2017-01-09	2018-10-17
	6. SMITH A O CORP		2017-01-09	2018-10-18
	22. SMITH A O CORP		2017-02-02	2018-10-22
	12. SMITH A O CORP		2017-02-02	2018-10-22
	20. SMITH A O CORP		2017-02-02	2018-10-23
	2. ADOBE SYS INCORP		2016-05-09	2018-10-26
	2. ROPER INDUSTRIES INC NEW		2018-10-16	2018-10-26
	1. ROPER INDUSTRIES INC NEW		2018-10-17	2018-10-26
	161. PRAXAIR INC.		2017-01-11	2018-10-31
	5. ADOBE SYS INCORP		2016-05-09	2018-11-15
	15. FACEBOOK INC CLASS A		2018-07-26	2018-11-15
	4. DEXCOM INC		2016-11-07	2018-12-12
	3. EDWARDS LIFESCIENCES CORP		2018-06-15	2018-12-12
	4. EDWARDS LIFESCIENCES CORP		2018-06-15	2018-12-13
	1. EDWARDS LIFESCIENCES CORP		2018-06-14	2018-12-14
	25609.031 BA-WMC STRATEGIC EUROPEAN EQUITY FUND CL INST		2018-03-29	2018-12-17
	198. CIMAREX ENERGY CO		2018-10-03	2018-12-17
	289. CISCO SYSTEMS		2017-01-11	2018-12-17
	278. NATIONAL GENERAL HLDGS CO COM NPV		2017-01-11	2018-12-17
	2083. PT BK RAKYAT A D R		2017-01-11	2018-12-17
	194. REGIONS FINL CORP		2017-01-11	2018-12-17
	32. 3M COMPANY		2017-01-11	2018-12-17
	118. UNITED TECHNOLOGIES CORP.		2017-01-11	2018-12-17
	134. V F CORP.		2017-03-06	2018-12-17
	45. LINDE PLC		2017-01-11	2018-12-17
	10. ALIBABA GROUP HOLDING LTD A D R		2018-08-11	2018-12-18
	3. COSTCO WHOLESALE CORPORATION		2009-06-23	2018-12-18
	5. COSTCO WHOLESALE CORPORATION		2018-05-10	2018-12-18
	230. PEPSICO INC.		2017-01-11	2018-12-18
	17. ZOETIS INC		2017-04-26	2018-12-18
	9. FACEBOOK INC CLASS A		2018-03-27	2018-12-19
	26. FACEBOOK INC CLASS A		2015-03-03	2018-12-19
	162. FACEBOOK INC CLASS A		2015-03-13	2018-12-19
	3. ZOETIS INC		2017-04-26	2018-12-19
	4. ADOBE SYS INCORP		2016-05-09	2018-12-20
	9. ALIBABA GROUP HOLDING LTD A D R		2017-06-23	2018-12-20
	11. INTUIT INC.		2017-04-13	2018-12-26
	1190. ISHARES RUSSELL 2000 VALUE ETF		2018-03-29	2018-12-31
	740. ISHARES RUSSELL 2000 GROWTH ETF		2018-09-14	2018-12-31
	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	749	649	100
b	1,135	974	161
c	306		306
d	125		125
e	2,082	1,636	446
	328		328
	14		14
	2,778	1,344	1,434
	4,184	2,030	2,154
	1,368	1,184	184
	11,999	7,762	4,237
	9,999	6,358	3,641
	4,482	2,786	1,696
	3,163	2,177	986
	2,903	1,771	1,132
	2,905	1,766	1,139
	5,495	2,921	2,574
	2,139	1,912	227
	5,485	5,275	210
	1,257	502	755
	753	659	94
	1,259	502	757
	3,254	1,301	1,953
	4,459	1,780	2,679
	5,306	2,122	3,184
	171	68	103
	2,273	907	1,366
	4,320	875	3,445
	2,690	1,126	1,564
	424	324	100
	1,271	973	298
	6,911	2,789	4,122
	195,034	190,000	5,034
	10,741	4,353	6,388
	2,100	2,120	-20
	1,383	1,365	18
	86,929	500,000	-413,071
	1,245	1,202	43
	2,457	1,369	1,088
	1,663	1,620	43
	2,241	2,158	83
	2,804	1,583	1,221
	1,921	1,079	842
	1,920	1,856	64
	428	402	26
	1,042	575	467
	1,515	1,362	153
	26,572	24,775	1,797
	17,368	13,997	3,371
	2,587	1,438	1,149
	20,155	19,960	195
	11,424	14,471	-3,047
	11,775	7,503	4,272
	12,292	10,934	1,358
	36,542	23,888	12,654
	791	708	83
	23,734	29,135	-5,401
	26,819	21,880	4,939
	2,073	1,150	923
	10,472	9,073	1,399
	4,588	2,514	2,074
	587	482	105
	783	647	136
	1,978	1,076	902
	2,642	1,434	1,208
	1,441	789	652
	2,743	1,504	1,239
	1,055	573	482
	1,451	788	663
	526	286	240
	1,293	716	577
	3,727	1,700	2,027
	2,048	1,146	902
	1,168	642	526
	2,329	1,264	1,065
	2,876	1,545	1,331
	1,450	772	678
	12,947	6,853	6,094
	3,393	3,566	-173
	3,752	1,639	2,113
	1,663	402	1,261
	1,995	868	1,127
	2,691	648	2,043
	2,445	1,060	1,385
	745	179	566
	266	267	-1
	326	333	-7
	65	51	14
	459	112	347
	393	307	86
	1,747	425	1,322
	3,682	1,320	2,362
	19,036	13,800	5,236
	18,704	19,790	-1,086
	20,024	22,816	-2,792
	2,317	2,508	-191
	28,416	22,299	6,117
	18,646	18,923	-277
	17,675	12,705	4,970
	44,143	34,920	9,223
	21,442	20,380	1,062
	27,626	28,721	-1,095
	39,112	27,536	11,576
	14,314	13,877	437
	11,006	16,813	-5,807
	16,251	16,723	-472
	12,424	9,603	2,821
	28,790	24,325	4,465
	21,137	19,116	2,021
	29,032	28,680	352
	15,283	14,822	461
	1,400	1,125	275
	12,089	11,169	920
	14,507	11,677	2,830
	44,621	36,047	8,574
	33,801	31,024	2,777
	13,515	19,804	-6,289
	19,439	16,804	2,635
	7,942	8,458	-516
	4,807	5,662	-855
	20,080	23,074	-2,994
	21,366	15,286	6,080
	10,009	10,280	-271
	15,883	16,472	-589
	17,176	18,104	-928
	24,962	17,474	7,488
	22,901	21,901	1,000
	23,458	22,091	1,367
	21,767	17,737	4,030
	31,872	25,619	6,253
	10,368	10,408	-40
	20,127	19,620	507
	28,313	19,922	8,391
	13,068	15,987	-2,919
	11,062	9,067	1,995
	10,194	10,790	-596
	11,088	10,812	276
	20,206	18,208	1,998
	18,543	13,532	5,011
	11,247	13,112	-1,865
	19,844	21,128	-1,284
	16,774	16,324	450
	39,414	16,573	22,841
	25,190	22,033	3,157
	1,515	1,584	-69
	29,146	12,645	16,501
	6,246	6,456	-210
	14,622	1,943	12,679
	47,842	9,019	38,823
	30,781	7,877	22,904
	18,587	4,962	13,625
	19,447	17,390	2,057
	33,958	31,570	2,388
	13,630	16,877	-3,247
	7,744	9,198	-1,454
	13,943	14,087	-144
	3,401	3,418	-17
	27,046	7,216	19,830
	32,224	9,894	22,330
	15,008	16,992	-1,984
	4,747	4,703	44
	18,833	12,147	6,686
	28,969	26,267	2,702
	29,508	15,164	14,344
	31,920	24,738	7,182
	6,784	6,397	387
	27,602	17,949	9,653
	521	529	-8
	33,178	25,503	7,675
	37,018	2,912	34,106
	2,057	1,937	120
	35,677	14,983	20,694
	6,138	5,982	156
	32,030	15,043	16,987
	36,677	23,290	13,387
	34,665	19,705	14,960
	37,689	2,152	35,537
	8,690	9,453	-763
	16,196	17,348	-1,152
	21,849	16,889	4,960
	18,748	17,885	863
	4,951	4,709	242
	10,470	8,685	1,785
	20,730	15,370	5,360
	40,552	14,799	25,753
	47,527	34,176	13,351
	21,237	11,470	9,767
	3,873	3,906	-33
	1,568	663	905
	914	615	299
	915	613	302
	13,764	17,039	-3,275
	2,650	1,115	1,535
	1,195	1,598	-403
	8,804	12,937	-4,133
	170,954		170,954
	4,219	1,787	2,432
	1,100	493	607
	2,133	2,053	80
	74	50	24
	465	31	434
	496	143	353
	994	286	708
	2,741	3,617	-876
	934	62	872
	2,168	2,883	-715
	1,919	2,356	-437
	1,025	286	739
	1,620	1,912	-292
	1,910	2,230	-320
	495	318	177
	400	254	146
	13,055	17,765	-4,710
	888	572	316
	957	62	895
	1,944	865	1,079
	345	82	263
	865	206	659
	1,442	93	1,349
	2,297	113	2,184
	2,964	700	2,264
	880	206	674
	701	165	536
	22,418	21,216	1,202
	3,011	700	2,311
	1,594	371	1,223
	1,235	288	947
	883	206	677
	3,055	700	2,355
	180	41	139
	539	124	415
	3,655	579	3,076
	1,440	330	1,110
	867	614	253
	724	165	559
	1,302	916	386
	362	82	280
	218	152	66
	359	82	277
	360	82	278
	1,316	915	401
	438	303	135
	885	206	679
	1,578	568	1,010
	1,463	568	895
	2,021	124	1,897
	624	479	145
	749	573	176
	54		54
	372	284	88
	379	283	96
	1,000	378	622
	642	454	188
	420	346	74
	1,312	60	1,252
	586	26	560
	983	378	605
	643	453	190
	208	173	35
	645	453	192
	1,453	827	626
	1,047	378	669
	1,665	73	1,592
	2,433	2,129	304
	150,483	153,741	-3,258
	157,798	164,094	-6,296
	560	254	306
	1,622	1,821	-199
	1,460	1,712	-252
	1,171	155	1,016
	480	441	39
	673	680	-7
	1,244	1,145	99
	837	381	456
	1,797	1,912	-115
	670	453	217
	1,714	73	1,641
	462	460	2
	308	305	3
	95	22	73
	284	264	20
	666	453	213
	123	122	1
	752	176	576
	1,155	1,217	-62
	450	302	148
	122	122
	26,033	20,164	5,869
	23,043	19,283	3,760
	924	856	68
	906	856	50
	638	775	-137
	1,174	1,428	-254
	822	1,010	-188
	2,128	2,141	-13
	2,288	2,286	2
	1,343	1,357	-14
	1,437	1,442	-5
	157,143	150,000	7,143
	1,434	1,431	3
	968	954	14
	96	95	1
	2,183	2,142	41
	191	190	1
	333	332	1
	191	190	1
	279	285	-6
	1,002	1,040	-38
	546	566	-20
	903	943	-40
	493	189	304
	569	571	-2
	284	285	-1
	26,316	18,787	7,529
	1,195	472	723
	2,151	2,559	-408
	499	252	247
	492	457	35
	656	608	48
	160	151	9
	248,920	326,259	-77,339
	13,499	19,116	-5,617
	13,236	8,716	4,520
	6,680	6,928	-248
	25,801	18,627	7,174
	2,590	2,816	-226
	6,267	5,689	578
	14,009	13,101	908
	9,927	7,111	2,816
	7,060	7,355	-295
	1,410	1,657	-247
	609	136	473
	1,016	981	35
	25,948	23,429	2,519
	1,448	943	505
	1,210	1,420	-210
	3,497	2,061	1,436
	21,640	12,734	8,906
	257	166	91
	862	378	484
	1,210	1,283	-73
	2,055	1,300	755
	126,437	144,733	-18,296
	122,939	146,625	-23,686
			58,004

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			100
b			161
c			306
d			125
e			446
			328
			14
			1,434
			2,154
			184
			4,237
			3,641
			1,696
			986
			1,132
			1,139
			2,574
			227
			210
			755
			94
			757
			1,953
			2,679
			3,184
			103
			1,366
			3,445
			1,564
			100
			298
			4,122
			5,034
			6,388
			-20
			18
			-413,071
			43
			1,088
			43
			83
			1,221
			842
			64
			26
			467
			153
			1,797
			3,371
			1,149
			195
			-3,047
			4,272
			1,358
			12,654
			83
			-5,401
			4,939
			923
			1,399
			2,074
			105
			136
			902
			1,208
			652
			1,239
			482
			663
			240
			577
			2,027
			902
			526
			1,065
			1,331
			678
			6,094
			-173
			2,113
			1,261
			1,127
			2,043
			1,385
			566
			-1
			-7
			14
			347
			86
			1,322
			2,362
			5,236
			-1,086
			-2,792
			-191
			6,117
			-277
			4,970
			9,223
			1,062
			-1,095
			11,576
			437
			-5,807
			-472
			2,821
			4,465
			2,021
			352
			461
			275
			920
			2,830
			8,574
			2,777
			-6,289
			2,635
			-516
			-855
			-2,994
			6,080
			-271
			-589
			-928
			7,488
			1,000
			1,367
			4,030
			6,253
			-40
			507
			8,391
			-2,919
			1,995
			-596
			276
			1,998
			5,011
			-1,865
			-1,284
			450
			22,841
			3,157
			-69
			16,501
			-210
			12,679
			38,823
			22,904
			13,625
			2,057
			2,388
			-3,247
			-1,454
			-144
			-17
			19,830
			22,330
			-1,984
			44
			6,686
			2,702
			14,344
			7,182
			387
			9,653
			-8
			7,675
			34,106
			120
			20,694
			156
			16,987
			13,387
			14,960
			35,537
			-763
			-1,152
			4,960
			863
			242
			1,785
			5,360
			25,753
			13,351
			9,767
			-33
			905
			299
			302
			-3,275
			1,535
			-403
			-4,133
			170,954
			2,432
			607
			80
			24
			434
			353
			708
			-876
			872
			-715
			-437
			739
			-292
			-320
			177
			146
			-4,710
			316
			895
			1,079
			263
			659
			1,349
			2,184
			2,264
			674
			536
			1,202
			2,311
			1,223
			947
			677
			2,355
			139
			415
			3,076
			1,110
			253
			559
			386
			280
			66
			277
			278
			401
			135
			679
			1,010
			895
			1,897
			145
			176
			54
			88
			96
			622
			188
			74
			1,252
			560
			605
			190
			35
			192
			626
			669
			1,592
			304
			-3,258
			-6,296
			306
			-199
			-252
			1,016
			39
			-7
			99
			456
			-115
			217
			1,641
			2
			3
			73
			20
			213
			1
			576
			-62
			148

			5,869
			3,760
			68
			50
			-137
			-254
			-188
			-13
			2
			-14
			-5
			7,143
			3
			14
			1
			41
			1
			1
			1
			-6
			-38
			-20
			-40
			304
			-2
			-1
			7,529
			723
			-408
			247
			35
			48
			9
			-77,339
			-5,617
			4,520
			-248
			7,174
			-226
			578
			908
			2,816
			-295
			-247
			473
			35
			2,519
			505
			-210
			1,436
			8,906
			91
			484
			-73
			755
			-18,296
			-23,686

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	384,905
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	415,330	8,171,366	0.050827
2016	453,719	7,820,034	0.05802
2015	316,961	8,117,888	0.039045
2014	269,760	5,937,332	0.045435
2013	241,685	5,247,174	0.04606

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

0.239387

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 ......

0.047877

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

8,331,139

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

398,870

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

5,120

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

403,990

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

395,000

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	10,240
	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	10,240
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	10,240
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	9,682
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	9,682
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	558
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax0	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) 537-5404

Located at bullet

901 SOUTH BOND STREETBALTIMOREMD 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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BENJAMIN H GRISWOLD IV	TRUSTEE 1	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 1	0
JACK S GRISWOLD	TRUSTEE 1	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 1	0
JACK S GRISWOLD JR	TRUSTEE 1	0
295 CENTRAL PARK WEST NEW YORK,NY10024	TRUSTEE 1	0
MICHAEL D HANKIN	TRUSTEE 1	0
901 SOUTH BOND STREET BALTIMORE,MD21231	TRUSTEE 1	0
BENJAMIN HUFTY GRISWOLD	TRUSTEE 1	0
142 EAST 71ST ST 11A NEW YORK,NY10021	TRUSTEE 1	0

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

8,086,568

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

371,441

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

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

8,458,009

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

8,458,009

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

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

126,870

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

8,331,139

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

416,557

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

416,557

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

10,240

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

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

10,240

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

406,317

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

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

406,317

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

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

406,317

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 ..........

395,000

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

395,000

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

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

395,000

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					406,317
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				210,125
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 395,000
a Applied to 2017, but not more than line 2a				210,125
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.....					184,875
e Remaining amount distributed out of corpus		0
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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 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 ..........					221,442
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 ......		0
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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
CHESPAEAKE BAY FDN 162 PRINCE GEORGE STREET ANNAPOLIS,MD21401	NONE	PUBLIC CHARITY	GENERAL	10,000
LADEW TOPIARY GARDENS 3535 JARRETTSVILLE PIKE MONKTON,MD21111	NONE	PUBLIC CHARITY	GENERAL	50,000
CALVERT SCHOOL CAPITAL CAMPAIGN 105 TUSCANY ROAD BALTIMORE,MD21210	NONE	PUBLIC CHARITY	CAPITAL CAMPAIGN	10,000
JOHNS HOPKINS UNIVERSITY 3400 NORTH CHARLES STREET BALTIMORE,MD21218	NONE	PUBLIC CHARITY	GENERAL	50,000
CRISTO REY JESUIT SCHOOL 420 SOUTH CHESTER STREET BALTIMORE,MD212312729	NONE	PUBLIC CHARITY	GENERAL	25,000
MARYLAND ZOO IN BALTIMORE 11000 BROKEN LAND PARKWAY COLUMBIA,MD21044	NONE	PUBLIC CHARITY	GENERAL	20,000
BALTIMORE SYMPHONY ORCHESTRA 1212 CATHEDRAL STREET BALTIMORE,MD21201	NONE	PUBLIC CHARITY	CAPITAL CAMPAIGN	50,000
ENOCH PRATT FREE LIBRARY 400 CATHEDRAL STREET BALTIMORE,MD212014484	NONE	PUBLIC CHARITY	GENERAL	25,000
WE CHARITY 318 W ADAMS ST CHICAGO,IL60606	NONE	PUBLIC CHARITY	GENERAL	25,000
WASHINGTON COLLEGE 300 WASHINGTON AVENUE CHESTERTOWN,MD21620	NONE	PUBLIC CHARITY	GENERAL	50,000
NORTHWEST IMMIGRANT RIGHTS PROJECT 615 2ND AVENUE SEATTLE,WA98104	NONE	PUBLIC CHARITY	GENERAL	10,000
ST FRANCES ACADEMY 501 E CHASE STREET BALTIMORE,MD21202	NONE	PUBLIC CHARITY	GENERAL	50,000
FIRST FRUITS FARM 2025 FREELAND ROAD FREELAND,MD21053	NONE	PUBLIC CHARITY	GENERAL	20,000
Total ................................. 3a				395,000

bApproved for future payment

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

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	162,474
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	384,905
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				547,379

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

547,379

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2018)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ARTISAN HIGH INC ADVISOR
METROPOLITAN WEST TR BOND
VANGUARD TOTAL BD MKT IND
VOYA INTERMEDIATE	576,000	552,779
BROWN SUSTAINABLE FD	700,000	688,795
BROWN INT INCOME	350,000	347,649

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	1,334,592	1,718,607
EQUITY MUTUAL FUNDS	1,273,907	1,313,263
FOREIGN STOCK	159,094	169,333

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES-PRIN	31,940	31,940	31,940
OTHER EXPENSE (NON-DEDUCTIBLE	109	109

Category	Amount	Net Investment Income
FOREIGN TAXES	577	577
QUARTERLY TAX DEPOSIT	7,940	0
FOREIGN TAXES ON QUALIFIED FOR	1,403	1,403
FOREIGN TAXES ON NONQUALIFIED	358	358