Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
MRB FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)710 NORTH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE GENEVA, WI53147
A Employer identification number

36-3920061
B Telephone number (see instructions)

(262) 384-3700
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$20,228,665J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 900,668
2 Check bullet.............
3 Interest on savings and temporary cash investments 20,682 20,682  
4 Dividends and interest from securities... 282,779 282,779  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 832,997
b Gross sales price for all assets on line 6a 3,205,091
7 Capital gain net income (from Part IV, line 2)... 832,997
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1 1  
12 Total. Add lines 1 through 11........ 2,037,127 1,136,459  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,500 1,500   0
b Accounting fees (attach schedule)....... Click to see attachment 79,140 79,140   0
c Other professional fees (attach schedule).... Click to see attachment 13,926 13,926   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 53,190 5,269   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 63,407 63,407   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 211,163 163,242   0
25 Contributions, gifts, grants paid....... 990,000 990,000
26 Total expenses and disbursements. Add lines 24 and 25 1,201,163 163,242   990,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 835,964
b Net investment income (if negative, enter -0-) 973,217
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 179,979 610,165 610,165
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 999,792 Click to see attachment495,639 498,600
b Investments—corporate stock (attach schedule)....... 3,844,331 Click to see attachment3,927,255 4,821,932
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,503,530 Click to see attachment12,342,715 14,297,968
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,527,632 17,375,774 20,228,665
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 16,527,632 17,375,774
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
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)..... 16,527,632 17,375,774
31 Total liabilities and net assets/fund balances (see instructions). 16,527,632 17,375,774
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
16,527,632
2
Enter amount from Part I, line 27a .....................
2
835,964
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
19,390
4
Add lines 1, 2, and 3 ..........................
4
17,382,986
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,212
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
17,375,774
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a .105709 SHARES BENT LARGE-CAP PARTNERSHIP P 2014-02-27 2018-01-02
b .024732 SHARES BENT MID-CAP PARTNERSHIP P 2009-11-05 2018-01-02
c .132174 SHARES BENT INTERNATIONAL PARTNERSHIP P 2016-01-08 2018-01-02
d .021198 SHARES RE-1 PARTNERSHIP (CHILTON CAPITAL) P 2016-01-04 2018-01-02
e 1000000 F/V U.S. TREASURY NOTE 1% 03/15/2018   2017-12-15 2018-03-15
100000 F/V U.S. TREASURY NOTE 1.125% 06/15/2018   2018-02-21 2018-06-15
1000000 F/V U.S. TREASURY NOTE 1% 09/15/2018   2018-03-15 2018-09-17
46.577 SHARES CENTER COAST MLP FOCUS INSTL   2016-03-03 2018-01-02
18.572 SHARES CAUSEWAY INTERNATIONAL VALUE   2016-01-12 2018-01-03
10.513 SHARES ARTISAN INTERNATIONAL   2017-11-24 2018-01-02
5.873 SHARES HARDING LOEVNER EMERGING MARKETS P 2017-12-18 2018-01-02
BENT MID CAP LP - SHRT TRM CAP LOSS P 2018-12-31 2018-12-31
BENT MID CAP LP - LONG TRM CAP GAIN P 2018-12-31 2018-12-31
BENT INTL LP - SHORT TRM CAP LOSS P 2018-12-31 2018-12-31
BENT INTL LP - LONG TRM CAP LOSS P 2018-12-31 2018-12-31
BENT LARGE CAP LP - SHORT TRM CAP LOSS P 2018-12-31 2018-12-31
BENT LARGE CAP LP - LONG TRM CAP GAIN P 2018-12-31 2018-12-31
RE-1 PARTNERSHIP - SHORT TRM CAP GAIN P 2018-12-31 2018-12-31
RE-1 PARTNERSHIP - LONG TRM CAP GAIN P 2018-12-31 2018-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,544   1,768 776
b 812   454 358
c 604   455 149
d 480   453 27
e 1,000,000   999,792 208
100,000   99,874 126
1,000,000   995,827 4,173
355   293 62
324   247 77
355   351 4
355   336 19
    20,452 -20,452
270,558     270,558
    1,389 -1,389
    239,494 -239,494
    10,909 -10,909
725,921     725,921
5,917     5,917
8,046     8,046
88,820     88,820
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       776
b       358
c       149
d       27
e       208
      126
      4,173
      62
      77
      4
      19
      -20,452
      270,558
      -1,389
      -239,494
      -10,909
      725,921
      5,917
      8,046
      88,820
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 832,997
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 866,000 20,195,371 0.042881
2016 866,064 17,358,733 0.049892
2015 805,886 17,515,944 0.046009
2014 690,000 16,688,615 0.041346
2013 616,000 14,582,967 0.042241
2
Total of line 1, column (d) .....................
2
0.222369
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.044474
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
22,213,876
5
Multiply line 4 by line 3......................
5
987,940
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
9,732
7
Add lines 5 and 6........................
7
997,672
8
Enter qualifying distributions from Part XII, line 4,.............
8
990,000
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)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 19,464
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 19,464
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 19,464
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 29,270
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,270
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,806
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet9,806 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWALTER W BELL Telephone no.bullet (262) 384-3700

    Located atbulletBELL ANDERSON LLC 710 NORTH STLAKE GENEVAWI ZIP+4bullet53147
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    STEPHEN P BENT PRESIDENT AND DIRECTOR
    0.00     		0 0 0
    C/O 710 NORTH STREET
    LAKE GENEVA,WI53147
    JOHN P BENT III VICE PRESIDENT AND DIRECTO
    0.00     		0 0 0
    C/O 710 NORTH STREET
    LAKE GENEVA,WI53147
    WALTER W BELL TREAS./SEC. AND DIRECTOR
    0.00     		0 0 0
    710 NORTH STREET
    LAKE GENEVA,WI53147
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    22,267,775
    b
    Average of monthly cash balances.......................
    1b
    284,383
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,552,158
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    22,552,158
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    338,282
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,213,876
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,110,694
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,110,694
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    19,464
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,464
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,091,230
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,091,230
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,091,230
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    990,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    990,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    990,000
    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)
    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 1,091,230
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 989,124
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 990,000
    a Applied to 2017, but not more than line 2a 989,124
    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..... 876
    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 ..........     		1,090,354
    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....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALEXANDER DAWSON FOUNDATION
    10455 DAWSON DRIVE
    LAFAYETTE,CO80026     		N/A 501(C)(3) EDUCATIONAL 20,000
    AUTISM SPEAKS
    1 EAST 33RD STREET 4TH FLOOR
    NEW YORK,NY10016     		N/A 501(C)(3) EDUCATIONAL 10,000
    BARNARD COLLEGE
    BOX AS 3009 BROADWAY
    NEW YORK,NY10027     		N/A 501(C)(3) EDUCATIONAL 1,000
    BOCA RATON REGIONAL HOSPITAL INC
    745 MEADOWS ROAD
    BOCA RATON,FL33486     		N/A 501(C)(3) MEDICAL 2,000
    BOYS AND GIRLS CLUB OF MARTIN COUNTY INC
    11500 SE LARES AVENUE
    HOBE SOUND,FL33475     		N/A 501(C)(3) GENERAL 5,000
    BRIDGE THE GAP COLLEGE PREP
    PO BOX 1390
    SAUSALITO,CA94965     		N/A 501(C)(3) EDUCATIONAL 5,000
    CANAL ALLIANCE
    91 LARKSPUR STREET
    SAN RAFAEL,CA94901     		N/A 501(C)(3) GENERAL 5,000
    CENTER FOR SCIENCE IN THE PUBLIC INTEREST
    1220 L STREET NW SUITE 300
    WASHINGTON,DC20005     		N/A 501(C)(3) EDUCATIONAL 5,000
    CHICAGO HORTICULTURAL SOCIETY
    1000 LAKE COOK ROAD
    GLENCOE,IL60022     		N/A 501(C)(3) ENVIRONMENTAL 10,000
    COLGATE UNIVERSITY
    13 OAK DRIVE
    HAMILTON,NY13346     		N/A 501(C)(3) EDUCATIONAL 3,000
    COMMUNITY CENTER FOR THE ARTS
    PO BOX 860
    JACKSON,WY83001     		N/A 501(C)(3) GENERAL 6,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVENUE
    NEW LONDON,CT06320     		N/A 501(C)(3) EDUCATIONAL 2,000
    CONSERVATION INTERNATIONAL
    2011 CRYSTAL DRIVE SUITE 500
    ARLINGTON,VA22202     		N/A 501(C)(3) ENVIRONMENTAL 5,000
    DENVER ZOOLOGICAL FOUNDATION INC
    2300 STEELE STREET
    DENVER,CO80205     		N/A 501(C)(3) GENERAL 3,000
    DUKE UNIVERSITY
    700 W MAIN STREET SUITE 110
    DURHAM,NC27701     		N/A 501(C)(3) EDUCATIONAL 10,000
    ESSEX LAND TRUST
    PO BOX 373
    ESSEX,CT06426     		N/A 501(C)(3) ENVIRONMENTAL 5,000
    ESSEX MEADOWS SCHOLARSHIP FOUNDATION
    30 BOKUM ROAD
    ESSEX,CT06426     		N/A 501(C)(3) EDUCATIONAL 2,000
    EVERYTOWN FOR GUN SAFETY SUPPORT FUND
    PO BOX 3886
    NEW YORK,NY10163     		N/A 501(C)(3) GENERAL 21,500
    FIRST CONGREGATION CHURCH OF OLD LYME
    2 FERRY ROAD
    OLD LYME,CT06371     		N/A 501(C)(3) RELIGIOUS 2,000
    FOOD BANK OF NEW YORK CITY
    39 BROADWAY 10TH FLOOR
    NEW YORK,NY10038     		N/A 501(C)(3) GENERAL 5,000
    GRAND TETON NATIONAL PARK FOUNDATION
    PO BOX 249
    MOOSE,WY83012     		N/A 501(C)(3) WILDLIFE 45,000
    GREATER YELLOWSTONE COALITION
    215 SOUTH WALLACE AVENUE
    BOZEMAN,MT59715     		N/A 501(C)(3) EDUCATIONAL 5,000
    GREENPEACE
    702 H STREET NW SUITE 300
    WASHINGTON,DC20001     		N/A 501(C)(3) ENVIRONMENTAL 7,000
    GUNNERY INC
    99 GREEN HILL ROAD
    WASHINGTON,CT06793     		N/A 501(C)(3) EDUCATIONAL 140,000
    HOBE SOUND COMMUNITY CHEST INC
    PO BOX 511
    HOBE SOUND,FL334750511     		N/A 501(C)(3) GENERAL 4,000
    HOBE SOUND NATURE CENTER INC
    PO BOX 214
    HOBE SOUND,FL33475     		N/A 501(C)(3) ENVIRONMENTAL 2,000
    JARROW MONTESSORI SCHOOL
    3900 ORANGE COURT
    BOULDER,CO80304     		N/A 501(C)(3) GENERAL 5,000
    JOHN G SHEDD AQUARIUM
    1200 SOUTH LAKE SHORE DR
    CHICAGO,IL60605     		N/A 501(C)(3) GENERAL 30,000
    JOHN G SHEDD AQUARIUM
    1200 SOUTH LAKE SHORE DR
    CHICAGO,IL60605     		N/A 501(C)(3) GENERAL 5,000
    JUPITER MEDICAL CENTER INC
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		N/A 501(C)(3) GENERAL 10,000
    LAKE BLUFF OPEN LANDS
    PO BOX 449
    LAKE BLUFF,IL60044     		N/A 501(C)(3) ENVIRONMENTAL 1,000
    LAKE FOREST FOUNDATION FOR HISTORIC PRESERVATION
    400 E ILLINOIS ROAD
    LAKE FOREST,IL60045     		N/A 501(C)(3) ENVIRONMENTAL 1,000
    LAKE FOREST HOSPITAL
    660 NORTH WESTMORELAND ROAD
    LAKE FOREST,IL60045     		N/A 501(C)(3) MEDICAL 20,000
    LAKE FOREST OPEN LANDS
    350 N WAUKEGAN ROAD
    LAKE FOREST,IL60045     		N/A 501(C)(3) ENVIRONMENTAL 10,000
    LOOMIS CHAFFEE SCHOOL
    4 BATCHELDER ROAD
    WINDSOR,CT06095     		N/A 501(C)(3) EDUCATIONAL 2,000
    MADEIRA SCHOOLS FOUNDATION
    8328 GEORGETOWN PIKE
    MCCLEAN,VA22102     		N/A 501(C)(3) EDUCATIONAL 2,000
    MARIN AGRICULTURAL LAND TRUST
    PO BOX 809
    POINT REYES STATION,CA94956     		N/A 501(C)(3) EDUCATIONAL 25,000
    MARIN COUNTRY DAY SCHOOL
    5221 PARADISE DR
    CORTE MADERA,CA94925     		N/A 501(C)(3) EDUCATIONAL 5,000
    MAYO CLINIC
    4500 SAN PABLO ROAD
    JACKSONVILLE,FL32224     		N/A 501(C)(3) MEDICAL 10,000
    MIDDLESEX HOSPITAL
    28 CRESCENT STREET
    MIDDLETON,CT06457     		N/A 501(C)(3) MEDICAL 2,000
    MILLBROOK SCHOOL
    131 MILLBROOK SCHOOL ROAD
    MILLBROOK,NY12545     		N/A 501(C)(3) EDUCATIONAL 10,000
    MONTEFIORE MEDICAL CENTER
    3400 BAINBRIDGE AVENUE 3RD FL
    BRONX,NY10467     		N/A 501(C)(3) MEDICAL 10,000
    MORRISTOWN-BEARD SCHOOL
    70 WHIPPANY ROAD
    MORRISTOWN,NJ07960     		N/A 501(C)(3) EDUCATIONAL 1,000
    NATIONAL PUBLIC RADIO
    1111 NORTH CAPITOL STREET
    WASHINGTON,DC20002     		N/A 501(C)(3) GENERAL 10,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 W 20TH STREET
    NEW YORK,NY10011     		N/A 501(C)(3) ENVIRONMENTAL 20,000
    NEW YONKERS ANIMAL SHELTER INC
    PO BOX 406
    YONKERS,NY10710     		N/A 501(C)(3) GENERAL 1,000
    NORTHEAST WISCONSIN LAND TRUST
    14 TRI-PARK WAY
    APPLETON,WI54914     		N/A 501(C)(3) ENVIRONMENTAL 7,000
    OSA WILDLIFE SANCTUARY FOUNDATION INC
    PO BOX 171
    GREENWOOD,IN461420171     		N/A 501(C)(3) ENVIRONMENTAL 2,000
    OVERLOOK FOUNDATION
    36 UPPER OVERLOOK ROAD
    SUMMIT,NJ07902     		N/A 501(C)(3) GENERAL 2,000
    PLANNED PARENTHOOD NEW YORK CITY
    26 BLEECKER STREET
    NEW YORK,NY10012     		N/A 501(C)(3) EDUCATIONAL 12,000
    PUBLIC BROADCASTING RADIO OF COLORADO INC
    7409 SOUTH ALTON COURT
    CENTENNIAL,CO80112     		N/A 501(C)(3) EDUCATIONAL 2,000
    RIVERDALE NEIGHBORHOOD HOUSE
    5521 MOSHOLU AVENUE
    BRONX,NY10471     		N/A 501(C)(3) GENERAL 25,000
    RUSH UNIVERSITY MEDICAL CENTER
    1700 WEST VAN BUREN STREET
    CHICAGO,IL60612     		N/A 501(C)(3) MEDICAL 25,000
    SARAH LAWRENCE COLLEGE
    1 MEAD WAY
    BRONXVILLE,NY10708     		N/A 501(C)(3) EDUCATIONAL 1,000
    SAVANNAH COUNTRY DAY SCHOOL
    824 STILLWOOD DRIVE
    SAVANNAH,GA31419     		N/A 501(C)(3) EDUCATIONAL 10,000
    SKIDMORE COLLEGE
    815 NORTH BROADWAY
    SARATOG SPRINGS,NY128661632     		N/A 501(C)(3) EDUCATIONAL 5,000
    SLIDE RANCH
    2025 SHORELINE HIGHWAY
    MUIR BEACH,CA94965     		N/A 501(C)(3) EDUCATIONAL 4,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE INC
    PO BOX 1765
    CHARLESTON,SC29402     		N/A 501(C)(3) ENVIRONMENTAL 1,000
    SOUTHERN POVERTY LAW CENTER INC
    400 WASHINGTON AVENUE
    MONTGOMERY,AL36104     		N/A 501(C)(3) GENERAL 10,000
    ST JOHN'S EPISCOPAL CHURCH OF JACKSON HOLE
    ATTEN ROBYN REED PO BOX 1690
    JACKSON,WY83001     		N/A 501(C)(3) RELIGIOUS PURPOSES 2,000
    START SMALL THINK BIG INC
    1231 LAFAYETTE AVENUE 2ND FLOOR
    BRONX,NY10474     		N/A 501(C)(3) EDUCATIONAL 1,000
    TAM HIGH FOUNDATION
    700 MILLER AVENUE
    MILL VALLEY,CA94941     		N/A 501(C)(3) EDUCATIONAL 10,000
    TETON COUNTY LIBRARY FOUNDATION
    PO BOX 1629
    JACKSON,WY83001     		N/A 501(C)(3) EDUCATIONAL 10,000
    THE CHURCH AT POINT O'WOODS
    25 KENMORE ROAD
    BLOOMFIELD,CT06002     		N/A 501(C)(3) RELIGIOUS 4,000
    THE EVERGLADES FOUNDATION INC
    18001 OLD CUTLER ROAD 625
    PALMETTO BAY,FL33157     		N/A 501(C)(3) ENVIRONMENTAL 10,000
    THE GREATER CEDAR RAPIDS FOUNDATION
    324 3RD STREET SE
    CEDAR RAPIDS,IA52401     		N/A 501(C)(3) GENERAL 2,000
    THE INTERNATIONAL THYROID CANCER STUDY GROUP INC
    PO BOX 270
    YORKVILLE,NY13495     		N/A 501(C)(3) MEDICAL 20,000
    THE MOUNTAIN SCHOOL OF MILTON ACADEMY
    151 MOUNTAIN SCHOOL ROAD
    VERSHIRE,VT050799655     		N/A 501(C)(3) EDUCATIONAL 3,000
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE STE 100
    ARLINGTON,VA22203     		N/A 501(C)(3) ENVIRONMENTAL 7,000
    THE NATURE CONSERVANCY OF COLORADO
    2424 SPRUCE STREET
    BOULDER,CO80302     		N/A 501(C)(3) ENVIRONMENTAL 36,000
    THE NATURE CONSERVANCY OF FLORIDA
    2500 MAITLAND CENTER PARKWAY
    MAITLAND,FL32751     		N/A 501(C)(3) ENVIRONMENTAL 20,000
    THE NATURE CONSERVANCY OF ILLINOIS
    8 SOUTH MICHIGAN AVENUE
    CHICAGO,IL60603     		N/A 501(C)(3) ENVIRONMENTAL 15,000
    THE NEW YORK PUBLIC LIBRARY
    PO BOX 182004
    NEW YORK,NY101381265     		N/A 501(C)(3) EDUCATIONAL 2,000
    THE PINGRY SCHOOL
    131 MARTINSVILLE ROAD
    BASKING RIDGE,NJ07920     		N/A 501(C)(3) EDUCATION 20,000
    THE PLANET
    220 REDWOOD HIGHWAY FRONTAGE RD
    MILL VALLEY,CA94941     		N/A 501(C)(3) ENVIRONMENTAL 5,000
    THE POSSE FOUNDATION INC
    14 WALL STREET SUITE 8A-60
    NEW YORK,NY10005     		N/A 501(C)(3) EDUCATIONAL 30,000
    THE TRUST FOR PUBLIC LAND
    101 MONTGOMERY STREET SUITE 900
    SAN FRANCISCO,CA94104     		N/A 501(C)(3) ENVIRONMENTAL 20,000
    UNIVERSITY OF COLORADO FOUNDATION
    PO BOX 17126
    DENVER,CO802179155     		N/A 501(C)(3) EDUCATIONAL 1,000
    WAKE FOREST UNIVERSITY SCHOOL OF MEDICINE
    PO BOX 571021
    WINSTONSALEM,NC271571021     		N/A 501(C)(3) EDUCATIONAL 3,000
    WAVE HILL INC
    675 WEST 252ND STREET
    BRONX,NY10471     		N/A 501(C)(3) EDUCATIONAL 10,000
    WORLD WILDLIFE FUND INC
    1250 24TH STREET NW
    WASHINGTON,DC200371193     		N/A 501(C)(3) ENVIRONMENTAL 10,000
    WORLD WILDLIFE FUND INC
    1250 24TH STREET NW
    WASHINGTON,DC200371193     		N/A 501(C)(3) ENVIRONMENTAL 10,000
    WORLD WILDLIFE FUND INC
    1250 24TH STREET NW
    WASHINGTON,DC200371193     		N/A 501(C)(3) ENVIRONMENTAL 40,000
    WYOMING PBS FOUNDATION
    115 NORTH 5TH STREET EASST
    RIVERTON,WY82501     		N/A 501(C)(3) EDUCATION 12,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT065212038     		N/A 501(C)(3) EDUCATIONAL 25,000
    YALE UNIVERSITY
    PO BOX 2038
    NEW HAVEN,CT065212038     		N/A 501(C)(3) EDUCATIONAL 1,000
    YALE-NEW HAVEN HOSPITAL
    PO BOX 1849
    NEW HAVEN,CT065089979     		N/A 501(C)(3) MEDICAL 2,000
    THE CONNECTICUT AUDUBON SOCIETY
    PO BOX 62
    OLD LYME,CT06371     		N/A 501(C)(3) ENVIRONMENTAL 1,000
    THE CONNECTICUT RIVERBOAT FOUNDATION AT STEAMBOAT DOCK INC
    67 MAIN ST
    ESSEX,CT06426     		N/A 501(C)(3) EDUCATIONAL 1,000
    ESSEX LIBRARY ASSOCIATION
    33 WEST AVE
    ESSEX,CT06426     		N/A 501(C)(3) EDUCATIONAL 1,000
    FLORENCE GRISWOLD MUSEUM
    96 LYME ST
    OLD LYME,CT06371     		N/A 501(C)(3) EDUCATIONAL 1,000
    NTSAD-NATIONAL TAY-SACHS AND ALLIED DISEASES
    2001 BEACON ST SUITE 204
    BOSTON,MA02135     		N/A 501(C)(3) MEDICAL 3,000
    PALM BEACH DRAMA WORKS
    201 CLEMATIS STREET
    WEST PALM BEACH,FL33401     		N/A 501(C)(3) EDUCATIONAL 1,000
    THE SHORELINE SOUP KITCHENS AND PANTRIES
    PO BOX 804
    ESSEX,CT06426     		N/A 501(C)(3) GENERAL 1,000
    BRONX CHILDRENS MUSEUM
    PO BOX 1381
    BRONX,NY104519998     		N/A 501(C)(3) EDUCATION 3,000
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE STE 100
    ARLINGTON,VA22203     		N/A 501(C)(3) EDUCATION 3,000
    NEW YORK PUBLIC RADIO
    PO BOX 1550
    NEW YORK,NY101161550     		N/A 501(C)(3) EDUCATION 1,000
    NEW YORK RESTORATION PROJECT
    254 WEST 31ST ST 10TH FL
    NEW YORK,NY10001     		N/A 501(C)(3) GENERAL 2,000
    AUDUBON CANYON RANCH
    PO BOX 577
    STINSON BEACH,CA94970     		N/A 501(C)(3) EDUCATION 1,000
    MARIN ACADEMY
    1600 MISSION AVE
    SAN RAFAEL,CA94901     		N/A 501(C)(3) EDUCATION 5,000
    PENINSULA OPEN SPACE TRUST
    222 HIGH STREET
    PALO ALTO,CA94301     		N/A 501(C)(3) CONSERVATION 3,000
    PRESIDENT AND FELLOWS OF HARVARD COLLEGE
    124 MOUNT AUBURN ST
    CAMBRIDGE,MA02138     		N/A 501(C)(3) EDUCATION 2,000
    TAFT SCHOOL
    110 WOODBURY RD
    WATERTOWN,CT06795     		N/A 501(C)(3) EDUCATION 1,000
    VANDERBILT UNIVERSITY SCHOOL OF MEDICINE
    2301 VANDERBILT PLACE
    NASHVILLE,TN37235     		N/A 501(C)(3) EDUCATION 1,000
    WETLANDS INITIATIVE
    53 W JACKSON BLVD SUITE 1015
    CHICAGO,IL60604     		N/A 501(C)(3) ENVIRONMENTAL 5,000
    BOULDER PUBLIC LIBRARY
    1001 ARAPAHOE AVE
    BOULDER,CO80302     		N/A 501(C)(3) EDUCATION 1,000
    CHEF ANN FOUNDATION
    5445 CONESTOGA CT SUITE 150
    BOULDER,CO80301     		N/A 501(C)(3) GENERAL 2,500
    DENVER MUSEUM OF NATURE AND SCIENCE
    2001 COLORADO BLVD
    DENVER,CO80205     		N/A 501(C)(3) EDUCATION 3,000
    Total .................................bullet 3a 990,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 20,682  
    4 Dividends and interest from securities....     14 282,779  
    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.....     14 1  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 832,997  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,136,459 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,136,459
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    MRB FOUNDATION INC
     
    Employer identification number

    36-3920061
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    MRB FOUNDATION INC
          		Employer identification number
    36-3920061
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JOHN P BENT CHARITABLE ANNUITY TRUST
     
    C/O BELL ANDERSON LLC 710 NORTH ST
     
    LAKE GENEVA, WI53147

    		$ 450,334


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JOHN P BENT CHARITABLE ANNUITY TRUST
     
    C/O BELL ANDERSON LLC 710 NORTH ST
     
    LAKE GENEVA, WI53147

    		$ 450,334


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    MRB FOUNDATION INC
          		Employer identification number

    36-3920061
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    MRB FOUNDATION INC
          		Employer identification number

    36-3920061
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BELL & ANDERSON - TAX & ACCOUNTING 79,140 79,140   0

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES RUSSELL MIDCAP VALUE 1,538,622 1,767,350
    ISHARES S&P 500 GROWTH FUND 1,151,538 1,880,512
    DRIEHAUS EMERGING MKTS GROWTH 286,378 314,616
    ARTISAN INTERNATIONAL FUND INSTITUTIONAL SHARES 950,717 859,454

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    US Government Securities - End of Year Book Value:

    495,639
    US Government Securities - End of Year Fair Market Value:

    498,600
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BENT MID CAP PARTNERSHIP AT COST 1,561,216 2,138,313
    BENT INTERNATIONAL PARTNERSHIP AT COST 1,076,622 1,511,942
    BENT LARGE CAP PARTNERSHIP AT COST 5,917,690 7,001,089
    RE-1 PARTNERSHIP AT COST 1,341,523 1,263,782
    CENTER COAST MLP FOCUS INSTL AT COST 248,104 193,184
    CAUSEWAY INTERNATIONAL VALUE AT COST 1,395,489 1,391,470
    HARDING LOEVNER EMERGING MARKETS AT COST 802,071 798,188

    TY 2018 LegalFeesSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BELL & ANDERSON - LEGAL FEES 1,500 1,500   0


    TY 2018 OtherDecreasesSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Description Amount
    CENTER COAST MLP FOCUS FD NONDIV. DISTRIB. BASIS ADJ. 7,208
    ROUNDING ADJUSTMENT 4


    TY 2018 OtherExpensesSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WI ANNUAL REPORT FILING FEE 10 10   0
    BENT LARGE CAP PTSHP - INVESTMENT FEES 8,902 8,902   0
    BENT INTERNATIONAL PTSHP - INVEST. FEES 16,598 16,598   0
    BENT MID-CAP PTSHP - INVEST FEES 20,376 20,376   0
    RE-1 PARTNERSHIP - INVEST. FEES 10,128 10,128   0
    BENT MID-CAP PTSHP - ADR FEES 7 7   0
    BENT INTERNATIONAL PTSHP - ADR FEES 1,290 1,290   0
    BENT MID-CAP PTSHP - TAX PREP FEES 1,329 1,329   0
    BENT LARGE CAP PTSHP - TAX PREP FEES 1,518 1,518   0
    RE-1 PARTNERSHIP - TAX PREP FEES 1,328 1,328   0
    BENT INTERNATIONAL PTSHP - TAX PREP FEES 1,329 1,329   0
    BENT LARGE CAP PTSHP - ADR FEES 24 24   0
    BENT MID-CAP PTSHP - LEGAL FEES 142 142   0
    BENT LARGE CAP PTSHP - LEGAL FEES 142 142   0
    BENT INTERNATIONAL PTSHP - LEGAL FEES 142 142   0
    RE-1 PARTNERSHIP - LEGAL FEES 142 142   0


    TY 2018 OtherIncomeSchedule2
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BENT LARGE CAP PTSHP-OTHER INC 1 1 1


    TY 2018 OtherIncreasesSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Description Amount
    OPPENHEIMER - NONTAXABLE DISTRIBUTIONS 10,568
    MORGAN STANLEY PURCHASED ACCR INTEREST TO BE APPLIED TO 2018 2,597
    RE-1 - NONTAXABLE DIVIDENDS 6,225


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VOGEL CONSULTING 13,926 13,926   0


    TY 2018 TaxesSchedule
    Name:
    MRB FOUNDATION INC
    EIN:
    36-3920061
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID-MID CAP PTSHP 24 24   0
    FOREIGN TAXES PAID-INTERNATIONAL PTSHP 3,445 3,445   0
    OPPENHEIMER FOREIGN TAXES 1,800 1,800   0
    ESTIMATED TAXES PAID - 2018 29,270 0   0
    2017 FEDERAL TAX DUE 18,651 0   0