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
THE PALMER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1201 CONNECTICUT AVE NW SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WASHINGTON, DC20036
A Employer identification number

36-3700897
B Telephone number (see instructions)

(202) 595-1020
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$16,767,436J 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) 110,226
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 330,369 330,369  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,062,169
b Gross sales price for all assets on line 6a 7,244,196
7 Capital gain net income (from Part IV, line 2)... 1,062,169
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 1,115 1,115  
12 Total. Add lines 1 through 11........ 1,503,879 1,393,653  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 5,000 0   5,000
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 16,085 0   16,085
c Other professional fees (attach schedule).... Click to see attachment 212,408 107,408   105,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 44,263 5,790   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 38,127 0   38,127
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,281 0   7,281
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 323,164 113,198   171,493
25 Contributions, gifts, grants paid....... 793,850 793,850
26 Total expenses and disbursements. Add lines 24 and 25 1,117,014 113,198   965,343
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 386,865
b Net investment income (if negative, enter -0-) 1,280,455
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......... 302,677 327,372 327,372
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)      
b Investments—corporate stock (attach schedule)....... 8,833,894 Click to see attachment7,106,092 8,156,307
c Investments—corporate bonds (attach schedule)....... 3,407,040 Click to see attachment5,101,212 4,876,400
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,410,578 Click to see attachment3,805,807 3,407,357
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) 15,954,189 16,340,483 16,767,436
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.................. 15,954,189 16,340,483
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)..... 15,954,189 16,340,483
31 Total liabilities and net assets/fund balances (see instructions). 15,954,189 16,340,483
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
15,954,189
2
Enter amount from Part I, line 27a .....................
2
386,865
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,341,054
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
571
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
16,340,483
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 BMO WEALTH MANAGEMENT SHORT TERM P 2018-01-02 2018-12-20
b BMO WEALTH MANAGEMENT LONG TERM P 2017-01-02 2018-12-20
c CAPITAL GAINS DIVIDENDS P    
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 1,558,331   1,615,383 -57,052
b 5,582,481   4,566,644 1,015,837
c 103,384     103,384
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       -57,052
b       1,015,837
c       103,384
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 1,062,169
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 785,861 17,905,561 0.043889
2016 835,805 16,398,643 0.050968
2015 845,159 16,684,401 0.050656
2014 814,887 16,661,688 0.048908
2013 725,594 15,296,079 0.047437
2
Total of line 1, column (d) .....................
2
0.241858
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
0.048372
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
17,603,113
5
Multiply line 4 by line 3......................
5
851,498
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
12,805
7
Add lines 5 and 6........................
7
864,303
8
Enter qualifying distributions from Part XII, line 4,.............
8
965,343
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 12,805
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 12,805
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 12,805
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 24,828
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 24,828
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 12,023
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet12,023 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)
    bulletDC
    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 addressbulletTHEPALMERFOUNDATION.ORG
    14
    The books are in care ofbulletARABELLA ADVISORS Telephone no.bullet (202) 595-1020

    Located atbullet1201 CONNECTICUT AVE NW 300WASHINGTONDC ZIP+4bullet20036
    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
    MARY P ENROTH CHAIRMAN
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    GRANT LISCHICK DIRECTOR
    5.00     		1,000 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    JAY L OWEN SECRETARY
    0.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    KAREN E LISCHICK PRESIDENT
    5.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    SUSAN L ENROTH VICE PRESIDENT
    5.00     		1,000 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    CARL ENROTH DIRECTOR
    5.00     		0 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    PETER LISCHICK TREASURER
    5.00     		1,000 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    LISA ENROTH DIRECTOR
    5.00     		1,000 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    MEGAN ENROTH DIRECTOR
    5.00     		1,000 0 0
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    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
    ARABELLA ADVISORS CONSULTING SERVICES 105,000
    1201 CONNECTICUT AVE NW 300
    WASHINGTON,DC20036
    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
    17,556,155
    b
    Average of monthly cash balances.......................
    1b
    315,026
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,871,181
    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
    17,871,181
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    268,068
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,603,113
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    880,156
    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
    880,156
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    12,805
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,805
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    867,351
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    867,351
    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
    867,351
    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
    965,343
    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
    965,343
    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
    12,805
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    952,538
    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 7 867,351
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 52,588
    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$ 965,343
    a Applied to 2017, but not more than line 2a 52,588
    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..... 867,351
    e Remaining amount distributed out of corpus 45,404
    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 45,404
    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 ......     		45,404
    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.... 45,404
    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).)
    MARY P ENROTH
    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
    ALDEA
    1732 1ST AVENUE 26867
    NEW YORK,NY10128     		N/A PUBLIC GENERAL 25,000
    ALTRUSA INTERNATIONAL FOUNDATION OF DOOR COUNTY WI INC
    PO BOX 523
    STURGEON BAY,WI54235     		N/A PUBLIC GENERAL 1,000
    ALVERNO COLLEGE
    PO BOX 343922
    MILWAUKEE,WI53234     		N/A PUBLIC GENERAL 23,850
    BIRCH CREEK MUSIC PERFORMANCE CENTER INC
    PO BOX 230
    EGG HARBOR,WI54209     		N/A PUBLIC GENERAL 3,000
    BOULDER CREST RETREAT FOR MILITARY AND VETERAN WELLNESS
    18370 BLUEMONT VILLAGE LANE PO BOX
    117
    BLUEMONT,VA20135     		N/A PUBLIC GENERAL 50,000
    BOYS AND GIRLS CLUB OF PALM BEACH COUNTY
    800 NORTHPOINT PKWY SUITE 204
    WEST PALM BEACH,FL33407     		N/A PUBLIC GENERAL 10,000
    BOYS AND GIRLS CLUB OF THE SANDHILLS
    PO BOX 1761
    SOUTHERN PINES,NC28388     		N/A PUBLIC GENERAL 40,000
    CARDINAL STRITCH UNIVERSITY
    6801 N YATES RODAD
    MILWAUKEE,WI53217     		N/A PUBLIC GENERAL 25,000
    CARTHAGE COLLEGE
    2001 ALFORD PARK DRIVE LENTZ HALL
    KENOSHA,WI53140     		N/A PUBLIC GENERAL 40,000
    COMMUNITY FOUNDATION OF THE VIRGIN ISLANDS INC
    PO BOX 11790
    ST THOMAS,VI00801     		N/A PUBLIC GENERAL 50,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR STREET 16TH FLOOR
    NEW YORK,NY10006     		N/A PUBLIC GENERAL 10,000
    DOOR COUNTY COMMUNITY FOUNDATION INC
    PO BOX 802
    STURGEON BAY,WI54235     		N/A PUBLIC GENERAL 1,000
    DUKE UNIVERSITY
    ALUMNI DEVELOPMENTAL RECORDS CAMPUS
    BOX 90581
    DURHAM,NC27708     		N/A PUBLIC GENERAL 7,000
    FABRETTO CHILDREN'S FOUNDATION
    641 S ST NW THIRD FLOOR
    WASHINGTON,DC20001     		N/A PUBLIC GENERAL 35,000
    FOREST PLANET
    1875 CONNECTICUT AVE NW 10TH FLOOR
    WASHINGTON,DC20009     		N/A PUBLIC GENERAL 8,500
    FOTOKIDS INC
    1333 JONES STREET 1001
    SAN FRANCISCO,CA94109     		N/A PUBLIC GENERAL 30,000
    GEORGETOWN UNIVERSITY
    37TH AND O STREETS NW
    WASHINGTON,DC20057     		N/A PUBLIC GENERAL 25,000
    HOFFMAN INSTITUTE FOUNDATION
    1299 4TH STREET PH 600
    SAN RAFAEL,CA94901     		N/A PUBLIC GENERAL 50,000
    HOPECAM INC
    12100 SUNSET HILLS ROAD SUITE C-10
    RESTON,VA20190     		N/A PUBLIC GENERAL 6,500
    KEMPER CENTER
    6501 3RD AVENUE
    KENOSHA,WI53143     		N/A PUBLIC GENERAL 5,000
    LAKE FOREST SYMPHONY ASSOCIATION INC
    400 EAST ILLINOIS RD
    LAKE FOREST,IL60045     		N/A PUBLIC GENERAL 25,000
    NATIONAL WILDLIFE FEDERATION
    11100 WILDLIFE CENTER DRIVE
    RESTON,VA20190     		N/A PUBLIC GENERAL 85,000
    NATIONAL WOMEN'S HEALTH NETWORK INC
    1413 K STREET NW SUITE 400
    WASHINGTON,DC20005     		N/A PUBLIC GENERAL 5,000
    NORTHEAST WISCONSIN TECHNICAL COLLEGE EDUCATIONAL FOUNDATION
    2740 W MASON ST PO BOX 19042
    GREEN BAY,WI54307     		N/A PUBLIC GENERAL 5,000
    ODYSSEY OF THE MIND ASSOCIATION OF NORTH CAROLINA
    3123 ROCK SPRINGS ROAD
    CHARLOTTE,NC28226     		N/A PUBLIC GENERAL 2,000
    PAWS4PEOPLE INC
    1121C-324 MILITARY CUTOFF RD
    WILMINGTON,NC28405     		N/A PUBLIC GENERAL 25,000
    PENINSULA SCHOOL OF ART
    PO BOX 304
    FISH CREEK,WI54212     		N/A PUBLIC GENERAL 85,500
    RAGDALE FOUNDATION
    1260 N GREEN BAY ROAD
    LAKE FOREST,IL60045     		N/A PUBLIC GENERAL 25,000
    SALISBURY ARTS AND ENTERTAINMENT DISTRICT INC
    110 N DIVISION STREET SUITE 1
    SALISBURY,MD21801     		N/A PUBLIC GENERAL 3,000
    SANDHILLS COMMUNITY COLLEGE FOUNDATION INC
    3395 AIRPORT ROAD
    PINEHURST,NC28374     		N/A PUBLIC GENERAL 25,000
    THE NEO FUND
    1190 SE 22ND CT
    GRESHAM,OR97080     		N/A PUBLIC GENERAL 30,000
    THE SOVEREIGN ORDER OF ST JOHN OF JERUSALEM KNIGHTS HOSPITALLER COMMANDERY
    2000 PGA BLVD STE 4410
    N PALM BEACH,FL33408     		N/A PUBLIC GENERAL 5,000
    URBAN ECOLOGY CENTER
    1500 E PARK PLACE
    MILWAUKEE,WI53211     		N/A PUBLIC GENERAL 25,000
    WRITE ON DOOR COUNTY
    PO BOX 457
    FISH CREEK,WI54212     		N/A PUBLIC GENERAL 2,500
    Total .................................bullet 3a 793,850
    bApproved for future payment
    PENINSULA SCHOOL OF ART
    PO BOX 304
    FISH CREEK,WI54212     		N/A PUBLIC GENERAL 159,500
    Total .................................bullet 3b 159,500
    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....     14 330,369  
    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 1,115  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,062,169  
    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 1,393,653 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,393,653
    (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
    THE PALMER FOUNDATION
     
    Employer identification number

    36-3700897
    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
    THE PALMER FOUNDATION
          		Employer identification number
    36-3700897
    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
    MARY P ENROTH  
    1201 CONNECTICUT AVE NW 300
     
    WASHINGTON, DC20036

    		$ 110,226


    (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.)
    (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
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    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
    1
    		 760 SHARES OF SNAP-ON INC. COMMON STOCK $ 110,026 2018-12-28
    (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
    THE PALMER FOUNDATION
          		Employer identification number

    36-3700897
    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:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 16,085 0   16,085

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100000 ABBOTT LABORATORIES 2.55 3/15/22 96,957 97,421
    125000 ACE INA HOLDINGS 2.875 11/3/22 123,326 123,941
    100000 AMAZON.COM INC 3.3 12/5/21 102,635 101,225
    100000 AT&T INC 5.2 3/15/20 103,578 102,164
    100000 BLACKROCK INC 4.25 5/24/21 106,329 102,947
    100000 BP CAP MARKETS AMERICA 3.216 11/28/23 98,362 98,557
    100000 CIGNA CORP 4.5 3/15/21 104,174 102,178
    200000 CISCO SYSTEMS INC 2.85 2/15/19 202,894 200,424
    250000 GILEAD SCIENCES INC 4.4 12/1/21 268,634 258,000
    100000 GOLDMAN SACHS GROUP INC 2.6 4/23/20 100,043 99,022
    150000 HERSHEY COMPANY 4.125 12/1/20 155,292 153,166
    100000 INTERCONTINENTAL EXCHANGE 4.0 10/15/23 102,266 102,637
    100000 MARSH & MCLENNAN COS INC 3.3 3/14/23 99,405 98,878
    100000 MCDONALD'S CORP 3.5 7/15/20 102,715 101,380
    100000 NORTHERN STATES PWR-MINN 2.15 8/15/22 98,665 96,118
    100000 PHILLIPS 66 4.3 4/1/22 103,253 102,663
    100000 PROGRESS ENERGY INC 4.875 12/1/19 101,511 101,265
    100000 TD AMERITRADE HOLDING CO 2.95 4/1/22 98,051 98,927
    200000 VIRGINIA ELEC & POWER 5.0 6/30/19 202,879 201,540
    200000 WAL-MART STORES INC 3.625 7/8/20 205,320 202,014
    150000 WALGREENS BOOTS ALLIANCE 2.7 11/18/19 149,430 149,143
    100000 WELLS FARGO & COMPANY 4.125 8/15/23 104,472 100,591
    100000 HSBC HOLDINGS PLC 4.0 3/30/22 101,974 101,303
    200000 SANOFI-AVENTIS 4.0 3/29/21 207,982 204,548
    100000 SCHLUMBERGER INVESTMENT 3.65 12/1/23 104,620 100,476
    100000 TORONTO-DOMINION BANK 1.45 8/13/19 99,636 99,108
    32965.353 TRANSAMERICA EMERG MKTS DEBT FD 359,982 325,698
    5229.84 ARTISAN HIGH INCOME FUND 519,125 478,489
    41447.733 HARTFORD FLOATING RATE FUND 371,610 338,214
    52713.974 STRONE RIDGE REINSURANCE RISK 506,092 434,363

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2055 ABBVIE INC 181,431 189,449
    12585 AES CORP 171,164 181,978
    348 ALLIANCE DATA SYSTEMS CORP 74,810 52,227
    610 ALLSTATE CORP 49,235 50,404
    296 ALPHABET INC CL C 217,124 306,541
    140 AMAZON.COM INC 227,607 210,276
    1358 AMEREN CORP 64,078 88,582
    670 AMERICAN EXPRESS CO 66,202 63,864
    1132 APPLE INC 22,595 178,562
    78 AUTOZONE INC 52,308 65,391
    1570 CADENCE DESIGN SYSTEMS INC 71,713 68,264
    540 CAPITAL ONE FINANCIAL CORP 52,931 40,819
    1965 CALGENE CORP 223,563 125,937
    3510 CITIGROUP INC 138,564 182,731
    5950 COMCAST CORP - CL A 73,349 202,598
    2545 CONOCOPHILLIPS 147,135 158,681
    1664 DISCOVER FINL SVCS 49,769 98,143
    1325 DOLLAR GENERAL CORP 138,648 143,206
    695 ESSEX PROPERTY TRUST INC 161,942 170,421
    2440 EXELON CORP 110,114 110,044
    430 EXPEDIA GROUP INC 49,371 48,440
    555 FEDEX CORPORATION 109,362 89,538
    2065 FORTINET INC 92,289 145,438
    740 F5 NETWORKS INC 85,800 119,902
    2370 GOODYEAR TIRE & RUBBER CO 58,792 48,372
    404 GRAINGER W W INC 123,088 114,073
    1005 HCA HEALTHCARE INC 123,669 125,072
    990 HLL-ROM HOLDING 64,535 87,665
    350 HOME DEPOT INC 31,269 60,137
    7745 HOST HOTELS & RESORTS INC 162,241 129,109
    4005 INTEL CORP 195,477 187,955
    1010 KOHLS CORP 74,901 67,003
    3260 KROGER CO 98,963 89,650
    354 LAUDER ESTEE COS CL-A 53,100 46,055
    1685 LILLY ELI & CO 141,781 194,988
    2270 LOWES CO INC 160,150 209,657
    1098 MARATHON PETROLEUM CORP 86,740 64,793
    2700 MICROSOFT CORP 136,104 274,239
    1270 NETAPP INC 108,598 75,781
    810 NIKE INC CL-B 59,928 60,053
    1060 OSHKOSH CORP 65,969 64,989
    2078 OWENS ILL INC 49,030 35,825
    5985 PFIZER INC 218,979 261,245
    730 POST HOLDINGS INC 65,953 65,065
    2228 PROGRESSIVE CORP OHIO 126,289 134,415
    9570 REGIONS FINANCIAL CORP 189,024 128,047
    814 S&P GLOBAL INC 130,701 138,331
    520 SALESFORCE.COM 75,857 71,224
    3565 SNAP ON INC 211,753 517,959
    2800 SOUTHWEST AIRLINES CO 67,986 130,144
    2315 SUNTRUST BANK 156,570 116,769
    1105 SYSCO CORP 67,923 69,239
    2655 UNUM GROUP 100,808 78,004
    1125 VISA INC 145,624 148,433
    1790 WALMART INC 120,518 166,739
    40770.365 CHAMPLAIN MID CAP FUND 620,193 689,019
    3098 ISHARES RUSSELL 2000 ETF 382,475 414,822

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    37709.878 ARTISAN DEVELOPING WORLD FUND AT COST 469,864 408,020
    9820 ISHARES MSCI EAFE ETF AT COST 532,705 577,220
    37376.233 JOHCM GLOBAL EQUITY FUND AT COST 524,734 527,005
    1525 MYLAN NV AT COST 59,136 41,785
    12443.406 OAKMARK INTERNATIONAL FUND AT COST 320,591 254,343
    14815.315 OAKMARK INTERNATIONAL SMALL CAP FUND AT COST 259,070 184,303
    12950 VANGUARD FTSE EMERGING MARKETS ETF AT COST 543,824 493,395
    17406.420 WILLIAM BLAIR INTERNATIONAL SMALL CAP GROWTH FUND AT COST 266,576 181,897
    24182.333 JPMORGAN OPPORTUNISTIC EQUITY LONG/SHORT FUND AT COST 457,738 433,589
    1 STARWOOD GLOBAL OPPORUNITY FUND AT COST 0 7,078
    1708 SPDR DJ WILSHIRE INTL REAL ESTATE ETF AT COST 73,383 60,361
    12370.563 TORTOISE MLP & PIPELINE FUND AT COST 185,336 136,200
    1370 VANGUARD REAL ESTATE ETF AT COST 112,850 102,161

    TY 2018 OtherDecreasesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Description Amount
    TAX ADJUSTMENT 571


    TY 2018 OtherExpensesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES & POSTAGE 415 0   415
    DIRECTORS INSURANCE 1,625 0   1,625
    MEMBERSHIP FEES 1,676 0   1,676
    FILING AND REGISTRATION FEES 965 0   965
    SOFTWARE LICENSE FEES 2,600 0   2,600


    TY 2018 OtherIncomeSchedule2
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 1,115 1,115 1,115


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK INVESTMENT MANAGEMENT 107,408 107,408   0
    EXECUTIVE MANAGEMENT & CONSULTING FEES 105,000 0   105,000


    TY 2018 TaxesSchedule
    Name:
    THE PALMER FOUNDATION
    EIN:
    36-3700897
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 38,473 0   0
    FOREIGN TAX 5,790 5,790   0