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 07-01-2018 , and ending 06-30-2019
Name of foundation
THE LIPMAN FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)230 PARK AVENUE 26TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10169
A Employer identification number

13-6066963
B Telephone number (see instructions)

(650) 269-5295
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$65,931,126J 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 7,224 7,224  
4 Dividends and interest from securities... 706,862 706,862  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,214,287
b Gross sales price for all assets on line 6a 12,655,287
7 Capital gain net income (from Part IV, line 2)... 1,214,287
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 793 793  
12 Total. Add lines 1 through 11........ 1,929,166 1,929,166  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 7,750 1,550   6,200
b Accounting fees (attach schedule)....... Click to see attachment 21,560 4,312   17,248
c Other professional fees (attach schedule).... Click to see attachment 242,264 242,264   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 58,793 7,156   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 330,367 255,282   23,448
25 Contributions, gifts, grants paid....... 1,432,793 1,432,793
26 Total expenses and disbursements. Add lines 24 and 25 1,763,160 255,282   1,456,241
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 166,006
b Net investment income (if negative, enter -0-) 1,673,884
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............. 110,847 35,101 35,101
2 Savings and temporary cash investments......... 1,917,207 2,991,723 2,991,723
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)....... 39,761,890 Click to see attachment38,997,986 49,445,155
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,912,272 Click to see attachment1,858,447 Click to see attachment13,459,147
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,702,216 43,883,257 65,931,126
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) Click to see attachment38,342 Click to see attachment53,384
23 Total liabilities (add lines 17 through 22)......... 38,342 53,384
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........ 6,626,641 6,626,641
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 37,037,233 37,203,232
30 Total net assets or fund balances (see instructions)..... 43,663,874 43,829,873
31 Total liabilities and net assets/fund balances (see instructions). 43,702,216 43,883,257
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
43,663,874
2
Enter amount from Part I, line 27a .....................
2
166,006
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
43,829,880
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
43,829,873
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 1700 SHARES C S X CORP P   2018-07-12
b 200 SHARES ANALOG DEVICES INC COM P   2018-08-13
c 550 SHARES ANALOG DEVICES INC COM P   2018-08-14
d 250 SHARES PACKAGING CORP AMER P   2018-08-17
e 1600 SHARES ORACLE CORP COM P   2018-09-19
200 SHARES MOHAWK INDS INC P   2018-09-20
250 SHARES MOHAWK INDS INC P   2018-09-21
600 SHARES MOHAWK INDS INC P   2018-09-24
400 SHARES RYANAIR HOLDINGS PLC ADR EACH REPR 5 ORD P   2018-10-03
300 SHARES ORACLE CORP COM P   2018-10-04
700 SHARES PACKAGING CORP AMER P   2018-10-05
400 SHARES LYONDELLBASELL INDUSTRIES N V COM P   2018-10-12
850 SHARES ANALOG DEVICES INC COM P   2018-10-26
600 SHARES TEXTRON INC P   2018-10-26
250 SHARES PACKAGING CORP AMER P   2018-11-30
150 SHARES FEDEX CORP COM P   2018-12-06
400 SHARES PACKAGING CORP AMER P   2018-12-19
3300 SHARES ATHENE HOLDING LTD COM USD0.001 CL A P   2018-12-20
1050 SHARES LINCOLN NATIONAL CORP IND P   2018-12-20
700 SHARES FEDEX CORP COM P   2018-12-21
18500 SHARES FGL HOLDINGS COM USD0.0001 P   2018-12-28
650 SHARES L3 TECHNOLOGIES INC COM AVERAGE P   2018-12-28
500 SHARES PIONEER NATURAL RESOURCES CO P   2018-12-28
900 SHARES CHUBB LIMITED COM NPV ISIN #CH0044328745 P   2019-02-08
100 SHARES FEDEX CORP COM P   2019-02-08
80 SHARES GARRETT MOTION INC COM USD0.001 P   2019-02-08
133 SHARES RESIDEO TECHNOLOGIES INC COM P   2019-02-08
300 SHARES LILLY ELI &CO COM NPV P   2019-03-01
1900 SHARES D R HORTON INC COM P   2019-03-04
1400 SHARES CONAGRA BRANDS INC P   2019-03-22
200 SHARES JPMORGAN CHASE & CO P   2019-03-27
200 SHARES PNC FINL SVCS GROUP P   2019-03-27
1100 SHARES OCCIDENTAL PETROLEUM CORP P   2019-04-16
1500 SHARES LENNAR CORP CL A P   2019-04-29
1400 SHARES CVS HEALTH CORPORATION COM P   2019-05-01
2950 SHARES TEXTRON INC P   2019-05-13
1600 SHARES ATHENE HOLDING LTD COM USD0.001 CL A P   2019-05-20
1100 SHARES RYANAIR HOLDINGS PLC ADR EACH REPR 5 ORD P   2019-05-21
1100 SHARES PACKAGING CORP AMER P   2019-05-31
700 SHARES TEXTRON INC P   2019-05-31
900 SHARES PNC FINL SVCS GROUP P   2019-06-11
400 SHARES RYANAIR HOLDINGS PLC ADR EACH REPR 5 ORD P   2019-06-21
2000 SHARES VANGUARD S&P 500 ETF P   2018-07-02
10000 SHARES CHARLES SCHWAB US MC P   2018-09-21
10000 SHARES SCHWAB INTERNATIONAL P   2018-09-21
10000 SHARES ALLIANZ GI NFJ EMRG MKTS P   2018-09-24
12000 SHARES BARON EMRG MKTS FD P   2018-09-24
107 SHARES GARTNER INC COM P 2018-01-23 2018-07-25
411 SHARES GODADDY INC CL A P   2018-07-26
399 SHARES PAYCHEX INC COM P   2018-07-16
150 SHARES BLACKBAUD INC COM P   2018-07-20
327 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P   2018-07-10
237 SHARES WORLDPAY INC CL A P   2018-07-10
215 SHARES WORLDPAY INC CL A P 2017-01-04 2018-07-17
99 SHARES MOHAWK INDUSTRIES INC P 2018-05-02 2018-07-03
184 SHARES MOHAWK INDUSTRIES INC P   2018-08-03
597 SHARES PERKINELMER INC COM P   2018-08-02
223 SHARES BIO-TECHNE CORP COM P   2018-08-17
335 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P   2018-08-09
194 SHARES BROOKFIELD ASSET MGMT INC VTG SHS CL A P 2016-12-27 2018-08-01
652 SHARES BROOKFIELD ASSET MGMT INC VTG SHS CL A P 2016-12-27 2018-08-06
140 SHARES MOHAWK INDUSTRIES INC P 2016-12-27 2018-08-03
152 SHARES MOHAWK INDUSTRIES INC P 2016-12-27 2018-08-09
358 SHARES ROLLINS INC P 2018-03-05 2018-08-22
51 SHARES TRANSDIGM GROUP INC COM P   2018-08-03
464 SHARES WILLIAMS SONOMA INC COM P   2018-08-09
990 SHARES WORLDPAY INC CL A P   2018-08-09
168 SHARES MOHAWK INDUSTRIES INC P   2018-09-12
316 SHARES ROLLINS INC P 2015-03-05 2018-09-17
27 SHARES GARTNER INC COM P 2018-01-23 2018-10-03
62 SHARES SCHEIN HENRY INC COM P 2017-10-26 2018-10-16
249 SHARES SCHEIN HENRY INC COM P 2017-10-26 2018-10-17
2 SHARES SCHEIN HENRY INC COM P 2017-10-26 2018-10-26
284 SHARES SMITH A O CORP COMMON P 2018-02-06 2018-10-29
235 SHARES BLACKBAUD INC COM P   2018-10-22
234 SHARES BLACKBAUD INC COM P   2018-10-26
71 SHARES GARTNER INC COM P 2017-08-08 2018-10-03
53 SHARES HEICO CORP NEW COM P 2016-12-27 2018-10-25
597 SHARES MOHAWK INDUSTRIES INC P   2018-10-26
464 SHARES SS&C TECHNOLOGIES HLDGS INC COM P 2016-12-27 2018-10-04
628 SHARES SS&C TECHNOLOGIES HLDGS INC COM P 2016-12-27 2018-10-16
97 SHARES SS&C TECHNOLOGIES HLDGS INC COM P 2016-12-27 2018-10-22
379 SHARES SCHEIN HENRY INC COM P 2017-10-02 2018-10-26
463 SHARES SMITH A O CORP COMMON P   2018-10-29
122 SHARES TELEFLEX INC P 2016-12-27 2018-10-23
184 SHARES WILLIAMS SONOMA INC COM P 2016-12-27 2018-10-16
232 SHARES PAYCHEX INC COM P   2018-11-09
237 SHARES BLACKBAUD INC COM P 2017-03-21 2018-10-31
485 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P   2018-11-08
315 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P   2018-11-26
1110 SHARES GARTNER INC COM P 2017-08-08 2018-11-28
48 SHARES METTLER-TOLEDO INTL INC COM P   2018-11-28
728 SHARES SMITH A O CORP COMMON P   2018-10-30
225 SHARES TELEFLEX INC P 2016-12-27 2018-11-01
474 SHARES WILLIAMS SONOMA INC COM P 2016-12-27 2018-10-03
376 SHARES WILLIAMS SONOMA INC COM P 2016-12-27 2018-11-12
1227 SHARES CATALENT INC COM P   2018-12-26
188 SHARES PAYCHEX INC COM P 2018-02-06 2018-11-30
358 SHARES PERKINELMER INC COM P 2018-11-01 2018-11-30
117 SHARES GARTNER INC COM P   2018-11-29
60 SHARES PAYCHEX INC COM P 2016-12-27 2018-11-30
346 SHARES PAYCHEX INC COM P 2016-12-27 2018-12-03
101 SHARES TELEFLEX INC P 2016-12-27 2016-12-27
255 SHARES CARLISLE COS INC COM P   2019-01-11
508 SHARES EXPEDITORS INTL WASH INC COM P   2019-01-07
194 SHARES AMETEK INC NEW COM P   2019-01-28
705 SHARES BLACKBAUD INC COM P   2019-01-04
57 SHARES METTLER-TOLEDO INTL INC COM P   2019-01-04
487 SHARES SMITH A O CORP COMMON P   2018-12-31
644 SHARES SMITH A O CORP COMMON P   2019-01-04
250 SHARES CARLISLE COS INC COM P   2019-02-05
447 SHARES LIVE NATION ENTMT INC COM P 2018-07-27 2019-02-20
444 SHARES TRIMBLE INC COM P   2019-02-04
442 SHARES WILLIAMS SONOMA INC COM P 2018-11-16 2019-02-26
166 SHARES CINCINNATI FINL CORP COM P 2018-01-29 2019-02-19
0.8 SHARES COVETRUS INC COM P 2017-11-06 2019-02-08
184 SHARES EXPEDITORS INTL WASH INC COM P 2018-01-16 2019-02-26
109 SHARES GARTNER INC COM P   2019-02-05
174 SHARES PAYCHEX INC COM P 2016-12-27 2019-02-05
177 SHARES PAYCHEX INC COM P 2016-12-27 2019-02-19
305 SHARES SCHEIN HENRY INC COM P   2019-02-04
302 SHARES SERVICE CORP INTL P 2018-01-18 2019-02-06
75 SHARES TELEFLEX INC P 2016-12-27 2019-02-04
81 SHARES WILLIAMS SONOMA INC COM P 2016-12-27 2019-02-26
675 SHARES IHS MARKIT LTD SHS ISIN#BMG475671050 P 2018-01-17 2019-01-30
184 SHARES CARLISLE COS INC COM P 2018-06-12 2019-03-13
75 SHARES CINCINNATI FINL CORP COM P 2018-08-20 2019-02-27
423 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P 2016-12-27 2019-03-18
125 SHARES CINCINNATI FINL CORP COM P 2018-01-29 2019-02-27
229 SHARES HEICO CORP NEW COM P 2016-12-27 2019-03-14
243 SHARES PAYCHEX INC COM P 2016-12-27 2019-02-27
193 SHARES PAYCHEX INC COM P 2016-12-27 2019-03-27
196 SHARES SERVICE CORP INTL P 2018-01-18 2019-03-08
270 SHARES WILLIAMS SONOMA INC COM P 2016-12-27 2019-03-12
56 SHARES ANSYS INC COM P 2008-08-27 2019-04-11
89 SHARES ANSYS INC COM P 2018-08-27 2019-04-22
219 SHARES CDW CORP COM P 2018-12-31 2019-04-16
148 SHARES CARLISLE COS INC COM P   2019-04-01
62 SHARES CARLISLE COS INC COM P 2018-06-27 2019-04-23
245 SHARES CARLISLE COS INC COM P   2019-04-24
317 SHARES PERKINELMER INC COM P 2018-12-11 2019-04-02
351 SHARES SS&C TECHNOLOGIES HLDGS INC COM P 2018-12-26 2019-04-03
393 SHARES TRIMBLE INC COM P 2018-08-20 2019-04-01
592 SHARES TRIMBLE INC COM P   2019-04-17
512 SHARES AMETEK INC NEW COM P   2019-04-02
235 SHARES AMETEK INC NEW COM P 2017-04-13 2019-04-04
228 SHARES AMETEK INC NEW COM P 2017-04-13 2019-04-12
131 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P 2016-12-27 2019-04-02
148 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P   2019-04-24
220 SHARES EXPEDITORS INTL WASH INC COM P   2019-04-01
299 SHARES GARTNER INC COM P 2017-07-24 2019-04-16
285 SHARES HEICO CORP NEW COM P 2016-12-27 2019-04-03
150 SHARES HEICO CORP NEW COM P 2016-12-27 2019-04-23
208 SHARES PAYCHEX INC COM P 2016-12-27 2019-04-01
168 SHARES PAYCHEX INC COM P 2016-12-27 2019-04-15
2278 SHARES SERVICE CORP INTL P   2019-04-25
51 SHARES TELEFLEX INC P   2019-04-15
2120 SHARES WELBILT INC COM P   2019-04-18
141 SHARES WILLIAMS SONOMA INC COM P 2016-12-27 2019-04-23
885 SHARES IHS MARKIT LTD SHS ISIN#BMG475671051 P   2019-04-05
131 SHARES ANSYS INC COM P 2018-08-27 2019-05-01
119 SHARES CINCINNATI FINL CORP COM P 2018-08-20 2019-05-03
332 SHARES PERKINELMER INC COM P   2019-05-03
229 SHARES AMPHENOL CORP NEW CL A P 2016-12-27 2019-05-06
94 SHARES BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM P 2017-02-10 2019-05-22
171 SHARES EXPEDITORS INTL WASH INC COM P   2019-05-02
255 SHARES EXPEDITORS INTL WASH INC COM P 2017-07-27 2019-05-09
246 SHARES GARTNER INC COM P   2019-05-06
296 SHARES GARTNER INC COM P   2019-05-15
177 SHARES GARTNER INC COM P   2019-05-22
190 SHARES HEICO CORP NEW COM P   2019-04-30
81 SHARES HEICO CORP NEW COM P 2015-03-05 2019-05-03
148 SHARES HEICO CORP NEW COM P 2015-03-05 2019-05-16
209 SHARES PAYCHEX INC COM P 2016-12-27 2019-05-02
301 SHARES PAYCHEX INC COM P 2016-12-27 2019-05-09
162 SHARES WILLIAMS SONOMA INC COM P 2016-12-27 2019-05-09
363 SHARES IHS MARKIT LTD SHS ISIN#BMG475671052 P 2016-12-27 2019-05-10
66 SHARES CINCINNATI FINL CORP COM P 2018-08-20 2019-06-04
129 SHARES CINCINNATI FINL CORP COM P 2018-08-07 2019-06-13
318 SHARES CINCINNATI FINL CORP COM P   2019-06-04
172 SHARES CINCINNATI FINL CORP COM P   2019-06-13
230 SHARES GARTNER INC COM P 2016-12-27 2019-06-07
53 SHARES TELEFLEX INC P   2019-06-28
220 SHARES AT&T INC COM P 2018-02-15 2018-07-19
25 SHARES ALPHABET INC CAP STK CL C P 2018-04-24 2018-07-17
100 SHARES DARDEN RESTAURANTS INC COM P 2017-07-27 2018-07-06
75 SHARES DARDEN RESTAURANTS INC COM P 2017-07-27 2018-07-23
475 SHARES PROCTER & GAMBLE CO COM P 2017-11-15 2018-07-10
1000 SHARES PROCTER & GAMBLE CO COM P   2018-07-11
425 SHARES PROCTER & GAMBLE CO COM P   2018-07-12
5 SHARES ALPHABET INC CAP STK CL C P 2016-12-01 2018-07-24
10 SHARES ALPHABET INC CAP STK CL C P   2018-07-25
75 SHARES MICROSOFT CORP COM P   2018-07-17
125 SHARES MICROSOFT CORP COM P   2018-07-25
75 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2018-01-03 2018-08-02
200 SHARES CARNIVAL CORP PAIRED CTF 1 COM CARNIVAL CORP P   2018-08-22
475 SHARES COCA COLA COMPANY P   2018-08-02
325 SHARES COMCAST CORP CL A P   2018-08-09
400 SHARES COMCAST CORP CL A P   2018-08-21
325 SHARES COMCAST CORP CL A P   2018-08-28
75 SHARES DARDEN RESTAURANTS INC COM P 2018-03-27 2018-08-10
175 SHARES DARDEN RESTAURANTS INC COM P 2018-03-27 2018-08-15
175 SHARES DARDEN RESTAURANTS INC COM P   2018-08-23
100 SHARES DUNKIN BRANDS GROUP INC COM P 2018-04-26 2018-08-10
50 SHARES DUNKIN BRANDS GROUP INC COM P 2018-04-26 2018-08-21
375 SHARES KELLOGG CO COM P   2018-08-15
75 SHARES KELLOGG CO COM P 2018-01-10 2018-08-17
300 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2017-06-21 2018-08-02
5 SHARES ALPHABET INC CAP STK CL C P 2015-03-03 2018-08-08
50 SHARES DARDEN RESTAURANTS INC COM P 2017-07-27 2018-08-10
50 SHARES DARDEN RESTAURANTS INC COM P 2017-07-28 2018-08-23
100 SHARES DIAGEO PLC SPONSORED ADR NEW P   2018-08-01
25 SHARES DISNEY WALT CO DISNEY COM P 2017-05-03 2018-08-03
125 SHARES DISNEY WALT CO DISNEY COM P 2017-05-03 2018-08-06
150 SHARES DISNEY WALT CO DISNEY COM P   2018-08-07
150 SHARES DISNEY WALT CO DISNEY COM P   2018-08-10
50 SHARES MICROSOFT CORP COM P 2016-09-13 2018-08-18
475 SHARES CARNIVAL CORP PAIRED CTF 1 COM CARNIVAL CORP P   2018-09-14
200 SHARES CARNIVAL CORP PAIRED CTF 1 COM CARNIVAL CORP P   2018-09-17
550 SHARES COMCAST CORP CL A P   2018-08-31
350 SHARES COMCAST CORP CL A P 2017-12-19 2018-09-14
25 SHARES COMCAST CORP CL A P 2017-12-07 2018-09-17
325 SHARES COMCAST CORP CL A P   2018-09-20
25 SHARES DARDEN RESTAURANTS INC COM P 2017-11-16 2018-09-11
150 SHARES DARDEN RESTAURANTS INC COM P 2017-11-16 2018-09-14
50 SHARES DARDEN RESTAURANTS INC COM P 2017-11-21 2018-09-17
125 SHARES DISNEY WALT CO DISNEY COM P   2018-09-26
125 SHARES DUNKIN BRANDS GROUP INC COM P   2018-09-06
125 SHARES DUNKIN BRANDS GROUP INC COM P 2018-04-27 2018-09-25
75 SHARES DUNKIN BRANDS GROUP INC COM P   2018-09-26
20 SHARES HOME DEPOT INC COM P 2018-08-15 2018-09-16
50 SHARES HOME DEPOT INC COM P   2018-09-10
50 SHARES HOME DEPOT INC COM P 2018-04-06 2018-09-11
50 SHARES MCDONALDS CORP P 2018-06-20 2018-09-06
50 SHARES MCDONALDS CORP P 2018-06-20 2018-09-07
175 SHARES MCDONALDS CORP P   2018-09-25
35 SHARES SHERWIN WILLIAMS CO COM P   2018-09-06
20 SHARES SHERWIN WILLIAMS CO COM P 2018-05-22 2018-09-07
25 SHARES SHERWIN WILLIAMS CO COM P 2018-04-26 2018-09-10
250 SHARES STARBUCKS CORP COM P 2018-06-19 2018-09-17
225 SHARES STARBUCKS CORP COM P 2018-06-19 2018-09-26
60 SHARES ULTA BEAUTY INC COM P   2018-09-07
45 SHARES ULTA BEAUTY INC COM P   2018-09-17
75 SHARES WALMART INC COM P 2018-02-20 2018-08-30
150 SHARES WALMART INC COM P 2018-02-20 2018-09-04
250 SHARES WALMART INC COM P   2018-09-05
1100 SHARES CARNIVAL CORP PAIRED CTF 1 COM CARNIVAL CORP P 2016-12-23 2018-09-17
2400 SHARES CARNIVAL CORP PAIRED CTF 1 COM CARNIVAL CORP P   2018-09-18
275 SHARES COMCAST CORP CL A P 2017-06-23 2018-08-31
300 SHARES COMCAST CORP CL A P   2018-09-14
225 SHARES COMCAST CORP CL A P 2017-05-17 2018-09-17
100 SHARES COMCAST CORP CL A P 2017-09-11 2018-09-20
75 SHARES DARDEN RESTAURANTS INC COM P 2017-07-28 2018-08-31
175 SHARES DARDEN RESTAURANTS INC COM P   2018-09-05
100 SHARES DARDEN RESTAURANTS INC COM P 2017-08-03 2018-09-11
25 SHARES DARDEN RESTAURANTS INC COM P 2017-09-05 2018-09-14
50 SHARES DARDEN RESTAURANTS INC COM P 2017-09-05 2018-09-17
75 SHARES DISNEY WALT CO DISNEY COM P   2018-09-26
150 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2018-01-03 2018-10-19
275 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P   2018-10-22
100 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2018-03-20 2018-10-26
300 SHARES COCA COLA COMPANY P   2018-10-18
400 SHARES COCA COLA COMPANY P   2018-10-24
425 SHARES COMCAST CORP CL A P 2018-02-27 2018-10-26
425 SHARES COMCAST CORP CL A P   2018-10-29
200 SHARES DUNKIN BRANDS GROUP INC COM P   2018-09-28
50 SHARES DUNKIN BRANDS GROUP INC COM P 2018-02-09 2018-10-12
75 SHARES DUNKIN BRANDS GROUP INC COM P 2018-02-09 2018-10-15
40 SHARES HOME DEPOT INC COM P 2018-04-06 2018-10-03
25 SHARES ILLINOIS TOOL WORKS INC COM P 2018-06-13 2018-10-01
225 SHARES ILLINOIS TOOL WORKS INC COM P   2018-10-02
250 SHARES ILLINOIS TOOL WORKS INC COM P   2018-10-04
325 SHARES ILLINOIS TOOL WORKS INC COM P   2018-10-08
150 SHARES ILLINOIS TOOL WORKS INC COM P   2018-10-10
500 SHARES ILLINOIS TOOL WORKS INC COM P   2018-10-11
225 SHARES KELLOGG CO COM P   2018-10-18
25 SHARES KELLOGG CO COM P 2018-02-28 2018-10-24
75 SHARES MCDONALDS CORP P 2018-07-26 2018-10-03
50 SHARES MCDONALDS CORP P 2018-08-02 2018-10-04
75 SHARES MCDONALDS CORP P   2018-10-10
25 SHARES MCDONALDS CORP P 2018-03-02 2018-10-17
50 SHARES MCDONALDS CORP P 2018-03-02 2018-10-18
100 SHARES MCDONALDS CORP P 2018-03-02 2018-10-23
350 SHARES STARBUCKS CORP COM P   2018-10-17
65 SHARES ULTA BEAUTY INC COM P   2018-09-28
35 SHARES ULTA BEAUTY INC COM P   2018-10-26
250 SHARES WALMART INC COM P   2018-10-02
175 SHARES WALMART INC COM P   2018-10-10
300 SHARES WALMART INC COM P   2018-10-16
75 SHARES WALMART INC COM P 2018-05-17 2018-10-17
275 SHARES WALMART INC COM P   2018-10-18
50 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2017-04-20 2018-10-22
175 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2017-04-20 2018-10-26
125 SHARES COCA COLA COMPANY P 2017-09-14 2018-10-18
700 SHARES COCA COLA COMPANY P   2018-10-24
50 SHARES DIAGEO PLC SPONSORED ADR NEW P 2016-12-23 2018-10-26
50 SHARES DISNEY WALT CO DISNEY COM P 2017-05-11 2018-09-28
150 SHARES DISNEY WALT CO DISNEY COM P   2018-10-19
125 SHARES KELLOGG CO COM P 2017-08-28 2018-10-18
175 SHARES KELLOGG CO COM P 2017-08-28 2018-10-24
75 SHARES MCDONALDS CORP P 2016-12-23 2018-10-23
75 SHARES MCDONALDS CORP P 2016-12-23 2018-10-24
200 SHARES MICROSOFT CORP COM P   2018-09-27
75 SHARES MICROSOFT CORP COM P 2016-06-24 2018-10-03
75 SHARES MICROSOFT CORP COM P 2016-06-24 2018-10-11
125 SHARES MICROSOFT CORP COM P 2016-06-24 2018-10-12
40 SHARES ULTA BEAUTY INC COM P   2018-10-26
25 SHARES ULTA BEAUTY INC COM P 2017-10-10 2018-10-26
75 SHARES WALMART INC COM P 2016-12-23 2018-10-18
100 SHARES WALMART INC COM P 2016-12-23 2018-10-22
200 SHARES WALMART INC COM P 2016-12-23 2018-10-24
100 SHARES WALMART INC COM P 2016-12-23 2018-10-25
100 SHARES WALMART INC COM P 2016-12-23 2018-10-25
75 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2018-02-21 2018-11-12
325 SHARES COCA COLA COMPANY P   2018-11-05
50 SHARES COMCAST CORP CL A P 2018-03-12 2018-10-29
225 SHARES COMCAST CORP CL A P   2018-10-30
225 SHARES COMCAST CORP CL A P 2018-03-13 2018-11-05
50 SHARES KELLOGG CO COM P 2018-02-28 2018-10-30
350 SHARES KELLOGG CO COM P   2018-11-06
350 SHARES KELLOGG CO COM P   2018-11-08
225 SHARES KELLOGG CO COM P 2018-03-21 2019-11-13
275 SHARES KELLOGG CO COM P   2019-11-15
375 SHARES KELLOGG CO COM P   2019-11-19
425 SHARES STARBUCKS CORP COM P 2018-06-20 2018-11-02
250 SHARES STARBUCKS CORP COM P 2018-06-20 2018-11-05
200 SHARES STARBUCKS CORP COM P 2018-06-20 2018-11-06
75 SHARES STARBUCKS CORP COM P 2018-06-20 2018-11-08
225 SHARES STARBUCKS CORP COM P   2018-11-20
100 SHARES STARBUCKS CORP COM P 2018-06-21 2018-11-21
50 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2015-03-09 2018-11-12
175 SHARES COCA COLA COMPANY P 2017-06-21 2018-11-05
475 SHARES COCA COLA COMPANY P   2018-11-12
75 SHARES COCA COLA COMPANY P 2017-07-20 2018-11-20
250 SHARES COMCAST CORP CL A P 2017-09-15 2018-11-05
25 SHARES DISNEY WALT CO DISNEY COM P 2017-05-16 2018-10-31
125 SHARES DISNEY WALT CO DISNEY COM P 2017-06-02 2018-11-01
175 SHARES DISNEY WALT CO DISNEY COM P 2017-06-02 2018-11-09
25 SHARES DISNEY WALT CO DISNEY COM P 2017-06-02 2018-11-13
50 SHARES KELLOGG CO COM P 2017-09-19 2018-10-30
75 SHARES KELLOGG CO COM P 2017-09-19 2018-11-06
425 SHARES KELLOGG CO COM P   2018-11-08
175 SHARES KELLOGG CO COM P   2018-11-15
1175 SHARES KELLOGG CO COM P   2018-11-16
700 SHARES KELLOGG CO COM P   2018-11-19
100 SHARES MCDONALDS CORP P 2016-12-23 2018-11-05
50 SHARES MCDONALDS CORP P 2016-12-23 2018-11-12
125 SHARES MICROSOFT CORP COM P   2018-11-28
25 SHARES ULTA BEAUTY INC COM P 2017-10-10 2018-11-08
75 SHARES ULTA BEAUTY INC COM P   2018-11-09
75 SHARES ULTA BEAUTY INC COM P 2017-10-11 2018-11-13
25 SHARES ULTA BEAUTY INC COM P 2017-10-11 2018-11-21
100 SHARES WALMART INC COM P 2016-12-23 2018-10-30
75 SHARES WALMART INC COM P 2016-12-26 2018-11-02
75 SHARES WALMART INC COM P   2018-11-06
125 SHARES WALMART INC COM P   2018-11-12
225 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2018-06-13 2018-12-14
50 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2018-06-13 2018-12-17
5 SHARES ALPHABET INC CAP STK CL C P 2018-09-07 2018-12-04
20 SHARES ALPHABET INC CAP STK CL C P   2018-12-12
15 SHARES ALPHABET INC CAP STK CL C P   2018-12-31
75 SHARES COCA COLA COMPANY P 2018-09-04 2018-12-06
175 SHARES FACEBOOK INC P   2018-12-10
325 SHARES FACEBOOK INC P 2018-09-14 2018-12-18
50 SHARES FACEBOOK INC P 2018-09-14 2018-12-20
200 SHARES STARBUCKS CORP COM P 2018-06-21 2018-11-29
225 SHARES STARBUCKS CORP COM P 2018-06-21 2018-12-04
225 SHARES STARBUCKS CORP COM P 2018-06-21 2018-12-06
100 SHARES STARBUCKS CORP COM P 2018-06-21 2018-12-07
250 SHARES STARBUCKS CORP COM P   2018-12-26
25 SHARES LVMH (MOET HENNESSY LOUIS VUITTON) ORD P 2018-10-04 2018-12-20
125 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2015-03-09 2018-11-29
50 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2017-03-02 2018-12-17
125 SHARES COCA COLA COMPANY P   2018-12-06
500 SHARES COCA COLA COMPANY P 2017-09-27 2018-12-07
200 SHARES DIAGEO PLC SPONSORED ADR NEW P 2016-12-26 2018-12-20
300 SHARES DIAGEO PLC SPONSORED ADR NEW P 2016-12-26 2018-12-21
25 SHARES DIAGEO PLC SPONSORED ADR NEW P 2016-12-26 2018-12-24
75 SHARES DISNEY WALT CO DISNEY COM P   2018-12-19
75 SHARES MCDONALDS CORP P 2016-12-23 2018-11-29
125 SHARES MCDONALDS CORP P 2016-12-23 2018-12-04
25 SHARES MCDONALDS CORP P 2016-12-23 2018-12-07
100 SHARES WALMART INC COM P   2018-12-06
20 SHARES ALPHABET INC CAP STK CL C P 2018-10-11 2019-01-08
125 SHARES DUNKIN BRANDS GROUP INC COM P 2018-02-09 2019-01-03
225 SHARES EBAY INC COM P 2018-02-07 2019-01-07
475 SHARES EBAY INC COM P 2018-02-07 2019-01-08
325 SHARES EBAY INC COM P 2018-02-07 2019-01-11
450 SHARES EBAY INC COM P   2019-01-14
325 SHARES EBAY INC COM P 2018-02-08 2019-01-15
875 SHARES EBAY INC COM P   2019-01-17
50 SHARES FACEBOOK INC P   2019-01-09
25 SHARES FACEBOOK INC P 2018-09-25 2019-01-13
125 SHARES STARBUCKS CORP COM P 2018-06-25 2019-01-25
125 SHARES STARBUCKS CORP COM P 2018-06-25 2019-01-29
25 SHARES ULTA BEAUTY INC COM P 2018-12-07 2019-01-09
25 SHARES LVMH (MOET HENNESSY LOUIS VUITTON) ORD P 2018-10-08 2019-01-09
325 SHARES HEINEKEN NV SHS ISIN#NL0000009165 P   2019-01-10
350 SHARES HEINEKEN NV SHS ISIN#NL0000009165 P   2019-01-29
225 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P   2019-01-03
20 SHARES ALPHABET INC CAP STK CL C P 2018-10-18 2019-02-04
350 SHARES COMCAST CORP CL A P 2018-03-13 2019-02-07
700 SHARES EBAY INC COM P   2019-02-04
125 SHARES EBAY INC COM P 2018-04-13 2019-02-05
250 SHARES EBAY INC COM P 2018-04-13 2019-02-06
425 SHARES EBAY INC COM P   2019-02-22
75 SHARES FACEBOOK INC P 2018-09-17 2019-02-04
100 SHARES FACEBOOK INC P 2018-09-17 2019-02-05
100 SHARES FACEBOOK INC P 2018-09-17 2019-02-25
350 SHARES MARRIOTT INTL INC NEW CL A P   2019-02-15
100 SHARES MARRIOTT INTL INC NEW CL A P   2019-02-19
275 SHARES MARRIOTT INTL INC NEW CL A P 2018-06-21 2019-02-20
75 SHARES MARRIOTT INTL INC NEW CL A P 2018-06-21 2019-02-22
25 SHARES HEINEKEN NV SHS ISIN#NL0000009165 P 2018-10-08 2019-01-30
1050 SHARES HEINEKEN NV SHS ISIN#NL0000009165 P   2019-01-30
50 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P 2018-06-14 2019-03-08
15 SHARES ALPHABET INC CAP STK CL C P 2018-10-23 2019-03-04
15 SHARES ALPHABET INC CAP STK CL C P 2018-10-24 2019-03-05
20 SHARES ALPHABET INC CAP STK CL C P 2018-10-24 2019-03-11
10 SHARES ALPHABET INC CAP STK CL C P 2018-10-24 2019-03-12
15 SHARES ALPHABET INC CAP STK CL C P   2019-03-21
350 SHARES COMCAST CORP CL A P   2019-03-01
425 SHARES EBAY INC COM P   2019-03-05
400 SHARES EBAY INC COM P   2019-03-21
100 SHARES FACEBOOK INC P 2018-09-17 2019-03-04
150 SHARES FACEBOOK INC P 2018-09-17 2019-03-05
75 SHARES FACEBOOK INC P 2018-09-17 2019-03-06
125 SHARES FACEBOOK INC P 2018-09-17 2019-03-08
75 SHARES FACEBOOK INC P 2018-09-17 2019-03-11
100 SHARES FACEBOOK INC P 2018-09-18 2019-03-13
50 SHARES FACEBOOK INC P 2018-09-18 2019-03-22
175 SHARES TIFFANY & CO P 2018-12-04 2019-03-22
100 SHARES TIFFANY & CO P 2018-12-04 2019-03-27
60 SHARES ULTA BEAUTY INC COM P   2019-03-21
20 SHARES ULTA BEAUTY INC COM P 2018-12-10 2019-03-25
30 SHARES ULTA BEAUTY INC COM P   2019-03-26
10 SHARES ULTA BEAUTY INC COM P 2018-12-18 2019-03-27
125 SHARES NESTLE SA CHAM ET VEVEY SHS COM NEW P   2019-03-08
50 SHARES COMCAST CORP CL A P 2018-02-27 2019-03-01
200 SHARES COMCAST CORP CL A P 2018-02-27 2019-03-15
10 SHARES ALPHABET INC CAP STK CL C P 2018-10-26 2019-04-23
50 SHARES DISNEY WALT CO DISNEY COM P 2019-03-19 2019-04-26
400 SHARES EBAY INC COM P   2019-04-01
250 SHARES EBAY INC COM P 2018-04-26 2019-04-02
175 SHARES FACEBOOK INC P 2018-09-18 2019-04-02
50 SHARES FACEBOOK INC P 2018-09-18 2019-04-03
25 SHARES FACEBOOK INC P 2018-09-18 2019-04-04
75 SHARES HOME DEPOT INC COM P   2019-04-08
50 SHARES MICROSOFT CORP COM P 2019-01-29 2019-04-23
25 SHARES MICROSOFT CORP COM P 2019-01-29 2019-04-26
75 SHARES STARBUCKS CORP COM P 2018-06-25 2019-03-28
50 SHARES STARBUCKS CORP COM P 2018-06-25 2019-04-02
75 SHARES STARBUCKS CORP COM P 2018-06-25 2019-04-23
75 SHARES TIFFANY & CO P   2019-04-01
25 SHARES TIFFANY & CO P 2018-11-30 2019-04-03
100 SHARES TIFFANY & CO P   2019-04-18
50 SHARES TIFFANY & CO P   2019-04-23
10 SHARES ULTA BEAUTY INC COM P 2018-12-18 2019-03-28
20 SHARES ULTA BEAUTY INC COM P 2018-12-18 2019-04-01
5 SHARES ULTA BEAUTY INC COM P 2017-10-11 2019-04-01
40 SHARES ULTA BEAUTY INC COM P   2019-04-03
40 SHARES ULTA BEAUTY INC COM P   2019-04-17
50 SHARES ULTA BEAUTY INC COM P 2017-12-01 2019-04-23
250 SHARES MARRIOTT INTL INC NEW CL A P   2019-05-16
475 SHARES MARRIOTT INTL INC NEW CL A P   2019-05-17
400 SHARES MARRIOTT INTL INC NEW CL A P   2019-05-20
975 SHARES MARRIOTT INTL INC NEW CL A P   2019-05-21
725 SHARES MARRIOTT INTL INC NEW CL A P   2019-05-22
75 SHARES MCDONALDS CORP P 2019-05-01 2019-05-13
25 SHARES MCDONALDS CORP P 2019-05-01 2019-05-23
50 SHARES MICROSOFT CORP COM P 2019-01-29 2019-05-01
50 SHARES MICROSOFT CORP COM P 2019-01-29 2019-05-03
15 SHARES SHERWIN WILLIAMS CO COM P 2019-03-05 2019-05-06
125 SHARES STARBUCKS CORP COM P   2019-05-01
100 SHARES STARBUCKS CORP COM P 2018-06-26 2019-05-07
100 SHARES STARBUCKS CORP COM P 2018-06-26 2019-05-08
100 SHARES STARBUCKS CORP COM P 2018-06-26 2019-05-16
325 SHARES WALMART INC COM P   2019-05-20
150 SHARES WALMART INC COM P 2019-02-20 2019-05-28
175 SHARES WALMART INC COM P 2019-02-20 2019-05-29
50 SHARES DIAGEO PLC SPONSORED ADR NEW P 2016-12-26 2019-05-23
1175 SHARES COCA COLA COMPANY P   2019-06-05
225 SHARES COCA COLA COMPANY P   2019-06-06
400 SHARES COCA COLA COMPANY P 2019-04-12 2019-06-20
75 SHARES DISNEY WALT CO DISNEY COM P 2019-03-19 2019-06-13
125 SHARES DISNEY WALT CO DISNEY COM P 2019-03-19 2019-06-25
75 SHARES FACEBOOK INC P 2019-06-05 2019-06-17
50 SHARES FACEBOOK INC P 2019-06-05 2019-06-18
100 SHARES HOME DEPOT INC COM P   2019-06-03
50 SHARES HOME DEPOT INC COM P   2019-06-05
25 SHARES HOME DEPOT INC COM P 2018-10-18 2019-06-17
100 SHARES HOME DEPOT INC COM P   2019-06-20
100 SHARES MCDONALDS CORP P   2019-05-30
50 SHARES MCDONALDS CORP P   2019-05-31
50 SHARES MCDONALDS CORP P   2019-06-03
50 SHARES MCDONALDS CORP P 2019-02-12 2019-06-05
50 SHARES MCDONALDS CORP P 2019-02-12 2019-06-20
25 SHARES MCDONALDS CORP P 2019-02-13 2019-06-25
100 SHARES MICROSOFT CORP COM P 2019-01-29 2019-06-20
175 SHARES STARBUCKS CORP COM P   2019-06-13
225 SHARES STARBUCKS CORP COM P 2018-06-27 2019-06-14
450 SHARES STARBUCKS CORP COM P   2019-06-20
200 SHARES WALMART INC COM P   2019-06-03
75 SHARES WALMART INC COM P   2019-06-05
100 SHARES WALMART INC COM P 2016-02-26 2019-06-10
100 SHARES WALMART INC COM P   2019-06-20
75 SHARES WALMART INC COM P 2019-03-27 2019-06-21
200 SHARES ANHEUSER BUSCH INBEV SA NV SPONSORED ADR P   2019-06-20
150 SHARES EBAY INC COM P 2018-04-26 2019-06-24
(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 111,883   75,367 36,516
b 19,616   17,341 2,275
c 52,155   47,687 4,468
d 27,030   27,189 -159
e 78,932   71,540 7,392
37,071   47,058 -9,987
46,958   59,609 -12,651
111,868   142,005 -30,137
32,725   47,470 -14,745
15,081   12,616 2,465
74,633   75,366 -733
39,396   33,276 6,120
68,011   72,284 -4,273
32,426   29,269 3,157
23,609   23,375 234
32,300   25,521 6,779
34,998   17,727 17,271
134,536   170,144 -35,608
55,091   80,997 -25,906
118,516   119,099 -583
113,341   181,154 -67,813
104,535   142,003 -37,468
63,305   81,569 -18,264
117,438   114,711 2,727
18,354   14,864 3,490
1,279   485 794
3,163   1,298 1,865
37,690   25,311 12,379
75,578   63,609 11,969
31,754   51,264 -19,510
19,793   13,483 6,310
23,950   26,171 -2,221
71,769   47,930 23,839
77,601   73,637 3,964
75,454   79,825 -4,371
149,963   137,761 12,202
70,164   79,288 -9,124
75,958   95,873 -19,915
97,661   13,866 83,795
32,457   32,689 -232
119,486   105,304 14,182
24,703   31,664 -6,961
497,290   398,960 98,330
586,159   436,000 150,159
338,410   321,399 17,011
162,400   192,828 -30,428
161,400   193,200 -31,800
14,908   14,869 39
32,358   18,758 13,600
28,043   27,123 920
17,652   12,051 5,601
34,978   25,068 9,910
20,185   14,755 5,430
18,647   13,235 5,412
18,352   21,307 -2,955
34,273   38,151 -3,878
51,578   46,405 5,173
40,321   19,016 21,305
36,884   24,567 12,317
8,103   6,373 1,730
27,412   21,420 5,992
26,078   28,519 -2,441
28,056   30,963 -2,907
20,771   8,099 12,672
18,801   12,489 6,312
27,640   23,658 3,982
88,626   59,533 29,093
31,368   33,300 -1,932
20,021   7,149 12,872
4,301   3,752 549
5,293   5,173 120
21,568   20,773 795
161   167 -6
12,501   2,843 9,658
17,227   18,550 -1,323
16,492   18,040 -1,548
11,310   8,601 2,709
4,365   2,153 2,212
71,252   109,821 -38,569
25,520   13,531 11,989
32,513   18,314 14,199
4,869   2,829 2,040
30,518   30,728 -210
20,380   41,672 -21,292
29,441   19,751 9,690
11,464   9,095 2,369
16,026   14,885 1,141
17,201   17,839 -638
57,211   34,094 23,117
37,189   22,144 15,045
16,441   13,326 3,115
29,669   16,217 13,452
31,957   41,672 -9,715
59,973   36,426 23,547
28,184   23,429 4,755
24,009   18,585 5,424
37,496   55,306 -17,810
13,256   11,752 1,504
31,154   28,797 2,357
17,907   14,172 3,735
4,231   3,720 511
24,566   21,451 3,115
27,399   16,351 11,048
27,089   31,666 -4,577
34,234   33,574 660
13,596   10,420 3,176
44,707   49,962 -5,255
30,118   17,356 12,762
20,805   27,477 -6,672
28,254   34,892 -6,638
27,615   27,834 -219
25,005   22,482 2,523
16,912   17,667 -755
25,212   23,702 1,510
14,195   12,760 1,435
34   66 -32
13,841   12,107 1,734
15,235   13,149 2,086
12,740   10,788 1,952
13,348   10,974 2,374
23,760   23,293 467
13,151   11,652 1,499
20,396   12,142 8,254
4,620   4,004 616
34,644   32,349 2,295
22,548   20,309 2,239
6,456   5,715 741
53,224   29,425 23,799
10,760   9,608 1,152
21,127   9,302 11,825
18,417   15,066 3,351
15,500   11,966 3,534
7,790   7,562 228
15,531   13,346 2,185
10,549   10,146 403
16,831   16,124 707
23,693   19,757 3,936
18,504   16,208 2,296
7,915   6,659 1,256
33,425   26,274 7,151
30,894   27,083 3,811
22,605   14,894 7,711
16,037   15,574 463
24,284   22,735 1,549
42,827   27,374 15,453
19,722   12,562 7,160
19,528   12,188 7,340
16,516   9,113 7,403
18,854   10,247 8,607
40,868   31,220 9,648
18,391   13,788 4,603
27,889   11,577 16,312
15,421   6,093 9,328
16,775   12,896 3,879
13,830   10,416 3,414
98,476   81,712 16,764
15,442   8,042 7,400
36,529   47,367 -10,838
8,034   6,969 1,065
48,569   31,472 17,097
25,357   23,733 1,624
11,425   9,068 2,357
31,965   27,579 4,386
22,482   15,651 6,831
12,559   6,506 6,053
13,306   10,068 3,238
19,040   14,979 4,061
39,566   29,188 10,378
45,195   33,642 11,553
27,445   19,034 8,411
20,046   6,114 13,932
8,427   2,501 5,926
15,457   4,569 10,888
17,265   12,958 4,307
25,255   18,661 6,594
8,911   8,007 904
20,201   12,904 7,297
6,572   5,029 1,543
13,249   9,671 3,578
31,665   24,175 7,490
17,666   12,949 4,717
36,154   23,671 12,483
17,382   7,980 9,402
6,920   7,159 -239
29,743   25,534 4,209
11,092   8,450 2,642
8,315   6,338 1,977
37,624   41,972 -4,348
79,175   86,982 -7,807
33,578   33,347 231
6,241   3,737 2,504
12,610   6,572 6,038
7,880   4,302 3,578
13,797   7,075 6,722
6,091   6,397 -306
12,369   12,782 -413
22,052   22,141 -89
11,543   13,594 -2,051
14,287   16,322 -2,035
11,850   13,148 -1,298
8,196   6,313 1,883
19,551   14,731 4,820
19,948   14,730 5,218
7,145   6,196 949
3,633   3,098 535
26,968   25,524 1,444
5,525   5,030 495
24,364   25,555 -1,191
6,253   2,835 3,418
5,464   4,225 1,239
5,700   4,158 1,542
14,683   10,413 4,270
2,840   2,800 40
14,454   14,000 454
17,523   16,791 732
16,942   16,672 270
5,461   2,818 2,643
30,297   28,771 1,526
12,995   11,505 1,490
20,240   21,925 -1,685
12,935   13,703 -768
926   952 -26
12,189   12,247 -58
2,995   2,058 937
17,795   12,351 5,444
5,926   4,032 1,894
14,438   13,703 735
9,477   7,679 1,798
9,224   7,580 1,644
5,652   4,463 1,189
4,125   3,850 275
10,525   8,849 1,676
10,625   8,763 1,862
8,168   8,155 13
8,190   8,155 35
29,124   27,764 1,360
16,195   13,415 2,780
9,258   7,570 1,688
11,672   9,279 2,393
13,626   14,190 -564
12,950   12,771 179
17,168   14,818 2,350
12,659   10,972 1,687
7,219   7,113 106
14,416   14,226 190
24,032   23,281 751
71,473   57,829 13,644
157,070   115,698 41,372
10,120   10,867 -747
11,087   11,593 -506
8,337   8,596 -259
3,751   3,777 -26
8,690   6,237 2,453
20,638   14,526 6,112
11,980   8,280 3,700
2,966   2,027 939
5,926   4,055 1,871
8,663   8,230 433
12,454   12,301 153
22,833   22,552 281
8,303   8,201 102
13,668   13,822 -154
18,813   18,304 509
15,146   15,875 0
15,267   15,856 0
14,788   11,671 3,117
3,606   2,898 708
5,477   4,347 1,130
8,174   7,010 1,164
3,572   3,732 0
32,429   32,939 -510
35,751   36,115 -364
45,589   46,705 -1,116
20,204   21,305 -1,101
65,650   69,262 -3,612
15,716   15,789 -73
1,803   1,664 139
12,527   11,637 890
8,260   7,694 566
12,784   11,408 1,376
4,174   3,715 459
8,310   7,429 881
17,622   14,858 2,764
20,618   19,351 1,267
18,434   15,237 3,197
9,534   8,147 1,387
23,807   22,557 1,250
16,953   15,213 1,740
28,628   25,602 3,026
7,202   6,356 846
26,637   23,041 3,596
4,153   3,787 366
14,634   13,253 1,381
5,695   5,762 -67
32,922   32,022 900
6,878   5,179 1,699
5,841   5,442 399
17,730   16,281 1,449
8,731   8,335 396
12,618   11,669 949
13,216   9,261 3,955
13,294   9,261 4,033
22,930   10,957 11,973
8,638   3,760 4,878
7,966   3,760 4,206
13,555   6,267 7,288
10,895   8,534 2,361
7,010   5,332 1,678
7,265   5,216 2,049
9,700   6,955 2,745
19,721   13,910 5,811
9,890   6,955 2,935
9,871   6,955 2,916
6,331   6,021 310
15,761   14,772 989
1,796   1,853 -57
8,449   8,332 117
8,582   8,274 308
3,579   3,327 252
22,407   23,136 -729
22,679   22,751 -72
14,360   14,319 41
17,027   17,465 -438
22,988   21,843 1,145
27,486   22,664 4,822
16,209   13,332 2,877
13,049   10,666 2,383
5,160   4,000 1,160
15,168   11,629 3,539
6,775   5,121 1,654
4,302   3,798 504
8,487   7,932 555
23,782   21,328 2,454
3,773   3,364 409
9,536   9,192 344
2,905   2,701 204
14,521   13,463 1,058
20,899   18,849 2,050
2,921   2,693 228
3,579   3,326 253
4,801   4,989 -188
27,539   27,741 -202
10,835   11,006 -171
72,871   73,156 -285
42,911   42,551 360
17,991   12,348 5,643
9,303   6,174 3,129
13,830   6,267 7,563
7,576   5,332 2,244
23,088   15,670 7,418
23,432   15,647 7,785
7,604   5,216 2,388
10,154   6,955 3,199
7,561   5,216 2,345
7,668   5,171 2,497
13,185   8,542 4,643
18,934   17,085 1,849
4,207   3,797 410
5,502   5,827 -325
21,493   23,282 -1,789
15,846   16,932 -1,086
3,684   3,356 328
24,566   28,724 -4,158
46,843   52,790 -5,947
6,731   8,122 -1,391
13,396   10,243 3,153
15,160   11,523 3,637
14,877   11,523 3,354
6,583   5,121 1,462
15,441   12,682 2,759
7,140   8,296 -1,156
10,616   9,413 1,203
4,246   3,765 481
6,140   5,598 542
24,525   22,342 2,183
28,172   20,718 7,454
42,321   31,077 11,244
3,483   2,590 893
8,220   8,067 153
14,258   9,261 4,997
23,148   15,436 7,712
4,605   3,087 1,518
9,412   6,806 2,606
21,490   21,821 -331
8,086   7,245 841
6,638   9,573 -2,935
14,126   20,209 -6,083
9,873   13,827 -3,954
13,585   18,952 -5,367
9,972   13,660 -3,688
26,542   36,013 -9,471
7,200   8,106 -906
4,201   4,045 156
8,312   6,315 1,997
8,330   6,315 2,015
7,011   6,564 447
7,542   8,120 -578
28,715   30,399 -1,684
30,924   32,737 -1,813
18,490   16,539 1,951
22,461   21,805 656
13,127   12,870 257
24,401   28,254 -3,853
4,415   5,017 -602
8,886   10,034 -1,148
15,798   16,960 -1,162
12,661   12,048 613
17,061   16,064 997
16,460   16,064 396
42,204   47,667 -5,463
12,183   13,563 -1,380
34,541   36,940 -2,399
9,653   10,075 -422
2,217   2,338 -121
97,536   84,521 13,015
4,596   3,740 856
17,055   16,162 893
17,299   16,027 1,272
23,200   21,370 1,830
11,936   10,685 1,251
18,419   15,926 2,493
13,738   12,853 885
15,883   16,692 -809
14,893   15,668 -775
16,459   16,064 395
25,483   24,096 1,387
12,914   12,048 866
21,091   20,080 1,011
13,044   12,048 996
17,332   16,037 1,295
8,274   8,019 255
18,093   15,970 2,123
10,459   9,126 1,333
20,066   14,916 5,150
6,703   4,933 1,770
10,274   7,326 2,948
3,465   2,392 1,073
11,490   9,198 2,292
1,963   1,832 131
8,051   7,330 721
12,663   10,516 2,147
6,970   5,566 1,404
15,065   15,437 -372
9,473   9,646 -173
30,341   28,065 2,276
8,857   8,019 838
4,432   4,009 423
15,273   13,822 1,451
6,243   5,135 1,108
3,241   2,568 673
5,505   3,789 1,716
3,709   2,526 1,183
5,697   3,789 1,908
7,959   6,830 1,129
2,674   2,274 400
10,756   9,098 1,658
5,376   4,549 827
3,493   2,392 1,101
7,054   4,785 2,269
1,763   1,043 720
14,108   8,303 5,805
14,250   8,229 6,021
17,638   10,277 7,361
33,111   33,318 -207
62,518   61,276 1,242
51,396   50,648 748
125,660   121,170 4,490
92,884   82,751 10,133
14,922   14,626 296
4,963   4,875 88
6,485   5,135 1,350
6,388   5,135 1,253
6,798   6,480 318
9,706   6,307 3,399
7,824   5,036 2,788
7,848   5,036 2,812
7,900   5,036 2,864
33,043   32,593 450
15,414   14,905 509
17,868   17,389 479
8,407   5,179 3,228
59,696   56,503 3,193
11,568   10,534 1,034
20,589   18,687 1,902
10,608   8,349 2,259
17,492   13,915 3,577
14,136   12,547 1,589
9,639   8,365 1,274
18,989   18,321 668
9,790   9,132 658
5,194   4,554 640
21,067   18,140 2,927
19,865   18,183 1,682
9,907   8,896 1,011
9,904   8,779 1,125
9,989   8,711 1,278
10,219   8,711 1,508
5,136   4,349 787
13,636   10,271 3,365
14,574   8,799 5,775
18,994   11,288 7,706
37,881   22,024 15,857
20,404   19,815 589
7,811   7,367 444
10,741   9,806 935
10,963   9,772 1,191
8,400   7,282 1,118
17,885   22,599 -4,714
6,009   5,787 222
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       36,516
b       2,275
c       4,468
d       -159
e       7,392
      -9,987
      -12,651
      -30,137
      -14,745
      2,465
      -733
      6,120
      -4,273
      3,157
      234
      6,779
      17,271
      -35,608
      -25,906
      -583
      -67,813
      -37,468
      -18,264
      2,727
      3,490
      794
      1,865
      12,379
      11,969
      -19,510
      6,310
      -2,221
      23,839
      3,964
      -4,371
      12,202
      -9,124
      -19,915
      83,795
      -232
      14,182
      -6,961
      98,330
      150,159
      17,011
      -30,428
      -31,800
      39
      13,600
      920
      5,601
      9,910
      5,430
      5,412
      -2,955
      -3,878
      5,173
      21,305
      12,317
      1,730
      5,992
      -2,441
      -2,907
      12,672
      6,312
      3,982
      29,093
      -1,932
      12,872
      549
      120
      795
      -6
      9,658
      -1,323
      -1,548
      2,709
      2,212
      -38,569
      11,989
      14,199
      2,040
      -210
      -21,292
      9,690
      2,369
      1,141
      -638
      23,117
      15,045
      3,115
      13,452
      -9,715
      23,547
      4,755
      5,424
      -17,810
      1,504
      2,357
      3,735
      511
      3,115
      11,048
      -4,577
      660
      3,176
      -5,255
      12,762
      -6,672
      -6,638
      -219
      2,523
      -755
      1,510
      1,435
      -32
      1,734
      2,086
      1,952
      2,374
      467
      1,499
      8,254
      616
      2,295
      2,239
      741
      23,799
      1,152
      11,825
      3,351
      3,534
      228
      2,185
      403
      707
      3,936
      2,296
      1,256
      7,151
      3,811
      7,711
      463
      1,549
      15,453
      7,160
      7,340
      7,403
      8,607
      9,648
      4,603
      16,312
      9,328
      3,879
      3,414
      16,764
      7,400
      -10,838
      1,065
      17,097
      1,624
      2,357
      4,386
      6,831
      6,053
      3,238
      4,061
      10,378
      11,553
      8,411
      13,932
      5,926
      10,888
      4,307
      6,594
      904
      7,297
      1,543
      3,578
      7,490
      4,717
      12,483
      9,402
      -239
      4,209
      2,642
      1,977
      -4,348
      -7,807
      231
      2,504
      6,038
      3,578
      6,722
      -306
      -413
      -89
      -2,051
      -2,035
      -1,298
      1,883
      4,820
      5,218
      949
      535
      1,444
      495
      -1,191
      3,418
      1,239
      1,542
      4,270
      40
      454
      732
      270
      2,643
      1,526
      1,490
      -1,685
      -768
      -26
      -58
      937
      5,444
      1,894
      735
      1,798
      1,644
      1,189
      275
      1,676
      1,862
      13
      35
      1,360
      2,780
      1,688
      2,393
      -564
      179
      2,350
      1,687
      106
      190
      751
      13,644
      41,372
      -747
      -506
      -259
      -26
      2,453
      6,112
      3,700
      939
      1,871
      433
      153
      281
      102
      -154
      509
      0
      0
      3,117
      708
      1,130
      1,164
      0
      -510
      -364
      -1,116
      -1,101
      -3,612
      -73
      139
      890
      566
      1,376
      459
      881
      2,764
      1,267
      3,197
      1,387
      1,250
      1,740
      3,026
      846
      3,596
      366
      1,381
      -67
      900
      1,699
      399
      1,449
      396
      949
      3,955
      4,033
      11,973
      4,878
      4,206
      7,288
      2,361
      1,678
      2,049
      2,745
      5,811
      2,935
      2,916
      310
      989
      -57
      117
      308
      252
      -729
      -72
      41
      -438
      1,145
      4,822
      2,877
      2,383
      1,160
      3,539
      1,654
      504
      555
      2,454
      409
      344
      204
      1,058
      2,050
      228
      253
      -188
      -202
      -171
      -285
      360
      5,643
      3,129
      7,563
      2,244
      7,418
      7,785
      2,388
      3,199
      2,345
      2,497
      4,643
      1,849
      410
      -325
      -1,789
      -1,086
      328
      -4,158
      -5,947
      -1,391
      3,153
      3,637
      3,354
      1,462
      2,759
      -1,156
      1,203
      481
      542
      2,183
      7,454
      11,244
      893
      153
      4,997
      7,712
      1,518
      2,606
      -331
      841
      -2,935
      -6,083
      -3,954
      -5,367
      -3,688
      -9,471
      -906
      156
      1,997
      2,015
      447
      -578
      -1,684
      -1,813
      1,951
      656
      257
      -3,853
      -602
      -1,148
      -1,162
      613
      997
      396
      -5,463
      -1,380
      -2,399
      -422
      -121
      13,015
      856
      893
      1,272
      1,830
      1,251
      2,493
      885
      -809
      -775
      395
      1,387
      866
      1,011
      996
      1,295
      255
      2,123
      1,333
      5,150
      1,770
      2,948
      1,073
      2,292
      131
      721
      2,147
      1,404
      -372
      -173
      2,276
      838
      423
      1,451
      1,108
      673
      1,716
      1,183
      1,908
      1,129
      400
      1,658
      827
      1,101
      2,269
      720
      5,805
      6,021
      7,361
      -207
      1,242
      748
      4,490
      10,133
      296
      88
      1,350
      1,253
      318
      3,399
      2,788
      2,812
      2,864
      450
      509
      479
      3,228
      3,193
      1,034
      1,902
      2,259
      3,577
      1,589
      1,274
      668
      658
      640
      2,927
      1,682
      1,011
      1,125
      1,278
      1,508
      787
      3,365
      5,775
      7,706
      15,857
      589
      444
      935
      1,191
      1,118
      -4,714
      222
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 1,214,287
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 1,938,890 47,670,376 0.040673
2016 9,168,080 34,729,172 0.263988
2015 1,631,802 13,674,903 0.119328
2014 692,168 14,067,685 0.049203
2013 886,351 14,453,915 0.061323
2
Total of line 1, column (d) .....................
2
0.534515
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
0.106903
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
49,235,920
5
Multiply line 4 by line 3......................
5
5,263,468
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
16,739
7
Add lines 5 and 6........................
7
5,280,207
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,456,241
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 33,478
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 33,478
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 33,478
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 365
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 13,843
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
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
     
    No
    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)
    bulletNY
    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 ofbulletTHE FOUNDATION Telephone no.bullet (650) 269-5295

    Located atbullet230 PARK AVENUE 26TH FLOORNEW YORKNY ZIP+4bullet10169
    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
    BEVERLY S LIPMAN PRESIDENT
    7.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    PETER W LIPMAN VICE PRESIDENT
    5.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    TIMOTHY E LIPMAN VICE PRESIDENT
    1.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    BENJAMIN H LIPMAN DIRECTOR
    1.00     		0 0 0
    188 FAVONIO ROAD
    PORTOLA VALLEY,CA94028
    ROGER A GOLDMAN VP/TREASURER
    1.00     		0 0 0
    275 PARK AVE
    NEW YORK,NY10021
    LESTER A GREENBERG SECRETARY
    1.00     		0 0 0
    1350 BROADWAY
    NEW YORK,NY10018
    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
    EHRENKRANZ PARTNERS INVESTMENT MANAGEMENT 162,540
    375 PARK AVE SUITE 2800
    NEW YORK,NY10152
    NEUBERGER BERMAN BD LLC INVESTMENT CUSTODIAN SERVICES 79,674
    1290 AVENUE OF THE AMERICAS
    NEW YORK,NY10104
    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
    47,238,796
    b
    Average of monthly cash balances.......................
    1b
    2,695,263
    c
    Fair market value of all other assets (see instructions)................
    1c
    51,647
    d
    Total (add lines 1a, b, and c).........................
    1d
    49,985,706
    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
    49,985,706
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    749,786
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    49,235,920
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,461,796
    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
    2,461,796
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    33,478
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,478
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,428,318
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,428,318
    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
    2,428,318
    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
    1,456,241
    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
    1,456,241
    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
    1,456,241
    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 2,428,318
    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...... 713,818
    b From 2014...... 47,656
    c From 2015...... 953,340
    d From 2016...... 8,020,663
    e From 2017......  
    fTotal of lines 3a through e........ 9,735,477
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,456,241
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,456,241
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 972,077 972,077
    (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 8,763,400
    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 ......     		8,763,400
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 742,737
    c Excess from 2016.... 8,020,663
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BAY AREA LYME FOUNDATION
    884 PORTOLA ROAD SUITE A7
    PORTOLA VALLEY,CA94028     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    CA ST PARKS
    33 NEW MONTGOMERY STREET 520
    SAN FRANCISCO,CA94105     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    COMMITTEE FOR GREENFOOTHILLS
    3921 E BARYSHORE ROAD
    PALO ALTO,CA94303     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    DOCTOR FOR GLOBAL HEALTH
    PO BOX 1761
    DECATUR,GA30031     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 10,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,500
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE SOUTH
    NEW YORK,NY10010     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    ESN NICAGRAGUA
    PO BOX 4024
    BELLINGHAM,WA98227     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 600
    FINE ARTS MUSEUM OF SF
    50 HAGIWARA TEA GARDEN DR
    SAN FRANCISCO,CA94118     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    FOR-SITE FOUNDATION
    FORT MASON CENTER 2 MARINA BLVD
    BUILDING C
    SAN FRANCISCO,CA94123     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 30,000
    FRIENDS OF HUDDART & WUNDERLICH PARKS
    2961 WOODSIDE RD
    WOODSIDE,CA94062     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 500
    FRIENDS OF PORTOLA VALLEY LIBRARY
    765 PORTOLA ROAD
    PORTOLA VALLEY,CA94028     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 500
    KQED
    2601 MARIPOSA STREET
    SAN FRANCISCO,CA94110     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    LAND TRUST OF SANTA CRUZ
    617 WATER STREET
    SANTA CRUZ,CA95060     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    MOMA (NY)
    11 W 53RD ST
    NEW YORK,NY10019     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 600
    NATURAL RESOURSES DEFENSE COUNSEL
    40 WEST 20TH STREET 11TH FLOOR
    NEW YORK,NY10011     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    NATURE CONSERVANCY
    201 MISSION STREET 4
    SAN FRANCISCO,CA94105     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 5,000
    NM BUREAU GEOLOGY & MINERAL RESOURCES
    801 LEROY PLACE
    SOCORRO,NM87801     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 25,000
    PALA ALTO ARTS CENTER
    1313 NEWELL RD
    PALO ALTO,CA94303     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 5,000
    PENINSULA OPEN SPACE TRUST
    222 HIGH STREET
    PALO ALTO,CA94301     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 5,000
    PLANNED PARENTHOOD
    123 WILLIAM STREET 10TH FLOOR
    NEW YORK,NY10038     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 2,000
    SAN JOSE MUSEUM OF ART
    11O SOUTH MARKET STREET
    SAN JOSE,CA95113     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 127,143
    SEMPERVIRENS FUND
    419 S SAN ANTONIO RD 211
    LOS ALTOS,CA94022     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    SEVA FOUNDATION
    1786 FIFTH STREET
    BERKELEY,CA94710     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 10,000
    SF MUSEUM CRAFT & DESIGN
    2569 3RD STREET
    SAN FRANCISCO,CA94107     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    SFMOMA
    151 3RD ST
    SAN FRANCISCO,CA94103     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 2,500
    SIERRA CLUB
    2101 WEBSTER STREET SUITE 1250
    OAKLAND,CA94612     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 2,000
    SJICA HTTPSWWW
    560 S 1ST ST
    SAN JOSE,CA95113     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 30,000
    SLEEPY HOLLOW PARE
    20 WASHINGTON LANE
    ORINDA,CA94563     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 3,500
    SOLSTICE INSTITUTE
    302 PEARL STREET
    BOULDER,CO80302     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 20,000
    ST PETERS LUTHER
    719 5TH STREET
    COLUMBUS,IN47201     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 10,000
    STANDBY PROGRAM
    1 EAST 53RD STREET
    NEW YORK,NY10022     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 5,000
    STANFORD CANTOR ART CENTER
    328 LOMITA DRIVE
    STANFORD,CA94305     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 5,950
    STANFORD FELLOWSHIP
    450 SERRA MALL
    STANFORD,CA94305     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 2,000
    STANFORD HOSPITAL PARTNERS
    PO BOX 20466
    STANFORD,CA94309     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 2,500
    STORM KING ART CENTER
    1 MUSEUM RD
    NEW WINDSOR,NY12553     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 20,000
    VERTILE FOUNDA
    6681 ARAPAHOE RD STE 1
    BOULDER,CO80303     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 1,000
    WHITNEY MUSEUM
    99 GANSEVOORT ST
    NEW YORK,NY10014     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 35,000
    WPVFF (WOODSIDE FIRE DEPARTMENT FOUNDATION)
    3111 WOODSIDE ROAD
    WOODSIDE,CA94064     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 500
    GIVETECH
    548 MARKET STREET 89706
    SAN FRANCISCO,CA94104     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 5,000
    SJMA
    15 BURNETT COURT
    DURANGO,CO81302     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 435,000
    STORM KING ART CENTER
    1 MUSEUM ROAD
    NEW WINDSOR,NY12533     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 200,000
    GSA FOUNDATION
    3300 PENROSE PLACE
    BOULDER,CO80301     		NONE PC CHARITABLE CONTRIBUTION TO PUBLIC CHARITY 420,000
    Total .................................bullet 3a 1,432,793
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 7,224  
    4 Dividends and interest from securities....     14 706,862  
    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.....     14 793  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,214,287  
    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 1,929,166 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,929,166
    (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:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 21,560 4,312   17,248

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 38,997,986 49,445,155

    TY 2018 LegalFeesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,750 1,550   6,200


    TY 2018 OtherAssetsSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDEND 32,287 34,265 34,265
    FINE ARTS 1,806,800 1,806,800 13,407,500
    PENDING TRADE RECIEVABLES 73,185 17,382 17,382


    TY 2018 OtherDecreasesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Amount
    PRIOR PERIOD ADJUSTMENT 7


    TY 2018 OtherIncomeSchedule2
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 793 793 793


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Description Beginning of Year - Book Value End of Year - Book Value
    PENDING TRADE PAYABLE 38,342 53,384


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 242,264 242,264   0


    TY 2018 TaxesSchedule
    Name:
    THE LIPMAN FAMILY FOUNDATION INC
    EIN:
    13-6066963
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 7,156 7,156   0
    FEDERAL EXCISE TAXES PAID 50,137 0   0
    NEW YORK TAXES PAID 1,500 0   0