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
WILLIAM S KAISER FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)30 BRAINTREE HILL OFFICE PK STE 104
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRAINTREE, MA02184
A Employer identification number

26-3505536
B Telephone number (see instructions)

(781) 848-1163
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$6,316,220J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 183,742 183,742  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 22,911
b Gross sales price for all assets on line 6a 2,304,060
7 Capital gain net income (from Part IV, line 2)... 22,911
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 21,463 12,183  
12 Total. Add lines 1 through 11........ 228,116 218,836  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,250 2,125   2,125
c Other professional fees (attach schedule).... Click to see attachment 41,320 41,320   0
17 Interest............... 20,136 20,136   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,291 1,612   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 18,243 18,165   70
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,240 83,358   2,195
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 93,240 83,358   2,195
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 134,876
b Net investment income (if negative, enter -0-) 135,478
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......... 195,878 569,646 569,646
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) 209,232 Click to see attachment193,495 196,242
b Investments—corporate stock (attach schedule)....... 2,794,615 Click to see attachment2,944,507 3,175,316
c Investments—corporate bonds (attach schedule)....... 1,304,460 Click to see attachment1,293,639 1,236,750
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,523,259 Click to see attachment1,161,033 1,138,266
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) 6,027,444 6,162,320 6,316,220
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..................    
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 6,027,444 6,162,320
30 Total net assets or fund balances (see instructions)..... 6,027,444 6,162,320
31 Total liabilities and net assets/fund balances (see instructions). 6,027,444 6,162,320
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
6,027,444
2
Enter amount from Part I, line 27a .....................
2
134,876
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,162,320
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,162,320
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 PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(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 2,246,884   2,281,149 -34,265
b 57,176     57,176
c
d
e
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       -34,265
b       57,176
c
d
e
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 22,911
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 2,070 6,338,182 0.000327
2016 2,375 5,861,098 0.000405
2015 19,370 5,366,602 0.003609
2014 3,000,447 5,461,574 0.549374
2013 188,500 5,213,200 0.036158
2
Total of line 1, column (d) .....................
2
0.589873
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
0.117975
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,616,268
5
Multiply line 4 by line 3......................
5
780,554
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,355
7
Add lines 5 and 6........................
7
781,909
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,195
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 2,710
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 2,710
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 2,710
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 8,080
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 8,080
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,370
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,370 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)
    bulletMA
    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 ofbulletMARY GILLIGAN Telephone no.bullet (781) 848-1163

    Located atbullet30 BRAINTREE HILL OFFICE PARK STE104BRAINTREEMA ZIP+4bullet02184
    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
     
     
    ........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
    WILLIAM S KAISER TRUSTEE
    1.00     		0 0 0
    23 INVERNESS ROAD
    WELLESLEY,MA02481
    MARY E GILLIGAN TRUSTEE
    1.00     		0 0 0
    30 BRAINTREE HILL PARK STE 104
    BRAINTREE,MA02184
    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
    6,717,023
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,717,023
    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
    6,717,023
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    100,755
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,616,268
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    330,813
    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
    330,813
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,710
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,710
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    328,103
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    328,103
    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
    328,103
    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
    2,195
    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
    2,195
    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
    2,195
    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 7 328,103
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 1,826,864
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 1,826,864
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,195
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 2,195
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 325,908 325,908
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,500,956
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,500,956
    10 Analysis of line 9:
    a Excess from 2014.... 1,500,956
    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).)
    WILLIAM S KAISER
    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
    Total .................................bullet 3a 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 183,742  
    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 21,463  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 22,911  
    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).. 0 228,116 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    228,116
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LIVINGSTON & HAYNES, PC - TAX PREPARATION 4,250 2,125   2,125

    TY 2018 AppliedToPriorYearElection
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Election:
    SECTION 4942(H)(2) ELECTION AS TO THE TREATMENT OF QUALIFYING DISTRIBUTIONSPURSUANT TO IRC SEC. 4942 (H)(2) AND REG 53.4942(A)-3(D)2, THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOME FOR THE 2008 TAX YEAR OF $8879.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AECOM 27,870 25,610
    AIRCASTLE LTD 22,291 22,335
    AMERICAN AXLE & MFG INC 17,902 16,380
    AMERICAN TOWER CORP 17,948 17,986
    ANTERO RESOURCES CORP 17,095 15,980
    APPLE INC 26,142 25,986
    ARAMARK SERVICES INC 18,815 17,820
    BALL CORP 23,327 23,340
    BANK OF AMERICA CORP 27,448 26,710
    BURLINGTON NORTH SANTA FE 27,368 26,799
    CDW LLC/CDW FINANCE 18,524 17,775
    CHARTER COMMUNICATIONS 18,038 16,904
    CIT GROUP INC 18,209 17,752
    CROWN AMERICAS LLC/CAP CORP 22,663 22,454
    CROWN CASTLE INTL CORP 20,600 20,768
    CVS HEALTH CORP 20,231 16,548
    DIAMONDBACK ENERGY INC 27,474 26,055
    GENERAL MOTORS FINANCIAL 17,775 17,579
    GOODYEAR TIRE & RUBBER 20,171 18,160
    HCA INC 27,170 25,740
    INTERNATIONAL PAPER CO 18,949 17,295
    KAISER FNDTN HOSP/HLTH MTN 37,246 35,572
    LAMAR MEDIA CORP 18,244 18,000
    LENNAR CORP 17,955 17,812
    LKQ CORP 18,801 17,860
    MCDONALD'S CORP 18,855 18,626
    MICROSOFT CORP 18,733 17,414
    MURPHY OIL USA INC 17,705 17,085
    NCR CORP NEW 18,043 16,473
    NEWFIELD EXPLORATION CO 19,164 19,190
    NUSTAR LOGISTICS LP 18,530 17,640
    ORACLE CORP 22,807 20,574
    POLYONE CORP 18,495 17,370
    PULTE GROUP INC 28,141 25,025
    SERVICE CORP INTL 18,169 16,920
    T MOBILE USA INC 27,085 26,520
    TELEFLEX INC 18,654 17,190
    TEVA PHARMACEUTICAL FIN 18,477 18,384
    THE ADT CORPORATION 26,474 25,344
    TOLL BROS FINANCE CORP 18,050 17,813
    UNITED CONTINENTAL HLDGS 27,395 26,415
    UNITED RENTALS NORTH AMERICA 18,582 17,325
    WELLS FARGO CO NEW 45,209 44,708
    WESCO DISTR INC 18,875 16,965
    SPRINT CORP 17,847 17,400
    CSC HLDGS INC 18,007 17,425
    LIMITED BRANDS INC 17,257 16,936
    QEP RES INC 18,051 16,380
    ANHEUSER BUSCH INBEV FIN INC 26,713 26,253
    MASTEC INC 17,520 17,460
    AES CORP 26,278 25,415
    CYRUSONE LP/CYRUSONE FIN CORP 16,887 16,660
    IRON MTN INC 17,745 17,100
    WPX ENERGY INC 17,072 15,385
    CHENIERE CORPUS CHRISTI HLDGS 16,826 15,920
    SPECTRUM BRANDS INC 17,263 16,145
    H&E EQUIPMENT SERVICES INC 17,902 16,515
    AT&T INC 18,405 17,610
    CNH INDUSTRIAL N.V. MTN 17,936 16,372
    VISA INC 16,950 16,536
    GEORGE WASHINGTON UNIVERSITY BOND 18,113 18,012
    STEEL DYNAMICS INC 11,168 11,025

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 41,727 63,150
    AERCAP HOLDINGS N.V. EUR 15,838 12,078
    ALLIANT ENERGY CORP 28,880 51,545
    ALPHABET INC 135,587 147,645
    AMAZON.COM INC 39,940 52,569
    ANADARKO PETE CORP 10,158 9,206
    AON PLC COM 28,744 29,799
    APTIV PLC COM 30,938 24,012
    BANK OF NOVA SCOTIA 40,222 37,004
    BERKSHIRE HATHAWAY INC DEL CL B NEW 66,366 74,526
    CISCO SYS INC 26,937 44,977
    CISCO SYSTEMS INC COM 69,368 105,075
    CITIGROUP INC 74,048 54,559
    CME GROUP 34,341 74,307
    COCA COLA CO 126,764 137,031
    CORESITE REALTY CORP 38,191 31,403
    CROWN CASTLE REIT INC 39,158 45,081
    CYRUSONE INC 32,235 32,680
    DIGITAL RLTY TR INC 43,273 98,665
    DISH NETWORK CORP CL A 17,491 14,233
    DOMINION ENERGY INC 38,050 36,087
    EBAY INC 36,093 30,961
    ECOLAB INC 8,774 9,725
    ENBRIDGE INC 39,850 25,144
    EPR PPTYS 26,537 42,900
    GENERAL MTRS CO COM 34,900 27,095
    GOLDMAN SACHS GROUP INC 51,734 39,090
    IRON MOUNTAIN REIT INC 18,710 17,307
    JPMORGAN CHASE & CO 39,508 43,539
    KIMBERLY CLARK 29,800 39,423
    LIBERTY GLOBAL PLC-C 59,733 41,899
    LIBERTY TRIPADVISOR HLDGS INC COM SER A 2,080 3,496
    LOCKHEED MARTIN CORP 16,050 44,251
    MACQUARIE INFRASTRUCTURE 26,499 20,839
    MARRIOTT INTL INC CL A 44,745 40,276
    MEDTRONIC PLC 85,344 99,601
    MICROSOFT CORP 59,944 73,638
    MOLSON COORS BREWING CO 38,696 25,104
    MORGAN STANLEY 28,682 23,631
    MOTOROLA SOLUTIONS INC COM NEW 36,505 52,228
    NEW RESIDENTIAL INVT 22,114 19,624
    OMEGA HEALTHCARE INVS 34,882 43,235
    ORACLE CORP COM 44,924 41,538
    PEPSICO INC 29,230 43,640
    PFIZER INC 25,485 48,757
    PHILLIPS 66 1,435 3,618
    SEAGATE TECH PLC SHS 32,904 36,197
    SKYWORKS SOLUTIONS INC 54,003 45,104
    STARWOOD PPTY TR INC 31,511 33,822
    TARGA RESOURCES CORP 20,238 30,077
    TARGET CORP 26,229 28,815
    TRIPADVISOR INC COM 10,200 17,099
    TWENTY-FIRST CENTY FOX INC CL B 37,528 55,186
    UNITEDHEALTH GROUP 34,734 41,105
    VENTAS INC 23,114 34,802
    WABTEC CORP COM 25,131 23,323
    WELLS FARGO CO NEW COM 49,867 42,854
    COMCAST CORP NEW CL A 45,175 46,887
    FACEBOOK INC-CLASS A 29,835 24,645
    GCI LIBERTY INC COM CLASS A 41,333 38,896
    GENERAL ELECTRIC CO 10,457 8,054
    HILTON WORLDWIDE HLDGS INC 10,581 11,201
    LIBERTY BROADBAND CORP COM 10,334 8,976
    MOHAWK INDS INC 35,761 21,287
    ANALOG DEVICES INC COM 118,170 108,918
    ARMSTRONG WORLD INDUSTRIES INC COM 57,714 48,722
    BAXTER INTL INC 46,585 45,877
    ELECTRONIC ARTS 45,838 39,771
    KENNAMETAL INC 30,234 22,031
    LOWES COS INC COM 36,412 39,161
    3&P GLOBAL INC COM 41,020 37,217
    VULCAN MATERIALS CO 66,953 56,020
    AMGEN INC COM 41,836 40,686
    AVANOS MEDICAL INC REG 1,025 1,612
    KINDERMORGAN INC DEL 18,550 17,364
    KOHLS CORP WISC PV 1CT 39,677 38,610
    QUALCOMM INC 11,035 10,756
    STARBUCKS CORP 40,013 44,050

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    US Government Securities - End of Year Book Value:

    97,644
    US Government Securities - End of Year Fair Market Value:

    97,246
    State & Local Government Securities - End of Year Book Value:


    95,851
    State & Local Government Securities - End of Year Fair Market Value:


    98,996


    TY 2018 InvestmentsOtherSchedule2
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DODGE & COX INTERNATIONAL AT COST 66,354 76,547
    MORTGAGE-BACKED SECURITIES AT COST 284,862 267,058
    OBERWEIS EMERGING GROWTH FUND AT COST 61,518 44,869
    SPRINGHOUSE CAPITAL AT COST 442,084 405,343
    STRATTON SMALL CAP VALUE FUND AT COST 106,215 144,449
    TFG TRADE CENTER REIT, LLC AT COST 100,000 100,000
    TFG 3200 WALNUT STREET REIT, LLC AT COST 100,000 100,000

    TY 2018 OtherExpensesSchedule
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MASS FORM PC FILING FEE 70 0   70
    OTHER EXPENSE - SPRINGHOUSE K-1 16 8   0
    OTHER EXPENSE - FROM HORSEMAN EUROPEAN K-1 18,157 18,157   0


    TY 2018 OtherIncomeSchedule2
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME - HORSEMAN K-1 20,388 20,388 20,388
    OTHER INCOME - SPRINGHOUSE CAPITAL K-1 -8,205 -8,205 -8,205
    OTHER INCOME - NONDIVIDEND DISTRIBUTIONS 9,280 0 9,280


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES - MERRILL LYNCH 16,795 16,795   0
    INVESTMENT MANAGEMENT FEES - LAZARD ASSET MANAGEMENT LLC 8,554 8,554   0
    INVESTMENT MANAGEMENT FEES - HORSEMAN EUROPEAN K-1 2,771 2,771   0
    INVESTMENT MANAGEMENT FEES - GANNETT, WELSH & KOTLER 5,812 5,812   0
    INVESTMENT MANAGEMENT FEES - EAGLE CAPITAL MANAGEMENT LLC 7,388 7,388   0


    TY 2018 TaxesSchedule
    Name:
    WILLIAM S KAISER FAMILY FOUNDATION
    EIN:
    26-3505536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,612 1,612   0
    FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 7,426 0   0
    MASSACHUSETTS UNRELATED BUSINESS INCOME TAX 253 0   0