Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
EFS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1695 LARKIN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ELGIN, IL60123
A Employer identification number

36-4219647
B Telephone number (see instructions)

(847) 289-0513
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$10,039,449J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 282,572 282,572  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 359,665
b Gross sales price for all assets on line 6a 4,052,942
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 642,237 282,572  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,500 0   46,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 3,710 0   3,710
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,515 0   4,515
c Other professional fees (attach schedule).... Click to see attachment 65,343 65,343   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,483 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 11,817 0   11,817
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 134,368 65,343   66,542
25 Contributions, gifts, grants paid....... 514,875 514,875
26 Total expenses and disbursements. Add lines 24 and 25 649,243 65,343   581,417
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,006
b Net investment income (if negative, enter -0-) 217,229
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............. 24,751 93,335 93,335
2 Savings and temporary cash investments.........      
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)....... 9,960,719 Click to see attachment9,784,115 9,944,473
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 attachment4,124 Click to see attachment1,641 Click to see attachment1,641
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,989,594 9,879,091 10,039,449
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 attachment3,000 Click to see attachment1,000
23 Total liabilities (add lines 17 through 22)......... 3,000 1,000
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 9,986,594 9,878,091
30 Total net assets or fund balances (see instructions)..... 9,986,594 9,878,091
31 Total liabilities and net assets/fund balances (see instructions). 9,989,594 9,879,091
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
9,986,594
2
Enter amount from Part I, line 27a .....................
2
-7,006
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,979,588
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
101,497
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,878,091
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 620,290 10,627,899 0.058364
2016 556,172 10,411,591 0.053419
2015 566,784 10,867,500 0.052154
2014 547,877 11,275,468 0.048590
2013 554,520 11,231,769 0.049371
2
Total of line 1, column (d) .....................
2
0.261898
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
0.052380
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
10,506,550
5
Multiply line 4 by line 3......................
5
550,333
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,172
7
Add lines 5 and 6........................
7
552,505
8
Enter qualifying distributions from Part XII, line 4,.............
8
581,417
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 2,172
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,172
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,172
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 4,447
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 4,447
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,275
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,275 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, IL
    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 addressbulletWWW.EFSFOUNDATION.ORG
    14
    The books are in care ofbulletJAMES J KOVAC Telephone no.bullet (847) 289-0513

    Located atbullet1695 LARKIN AVENUEELGINIL ZIP+4bullet60123
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    THOMAS I ANDERSON MEMBER
    1.00     		0 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    RANDY W BRITTAIN PRESIDENT
    1.00     		0 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    ERIC J FERNANDEZ VICE CHAIRMAN
    1.00     		0 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    LEO M FLANAGAN JR MEMBER
    1.00     		0 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    JAMES J KOVAC TREASURER
    1.00     		0 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    LARRY M NARUM MEMBER
    1.00     		0 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    BARRETT J O'CONNOR MEMBER
    1.00     		0 0 0
    1695 LARKIN AVNEUE
    ELGIN,IL60123
    THOMAS S RAKOW MEMBER
    1.00     		0 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    PETER A TRAEGER MEMBER
    1.00     		0 0 0
    1695 LARKIN AVNEUE
    ELGIN,IL60123
    URSULA WILSON PAST ED/MEMBER
    25.00     		18,000 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    ERIN VANHOEVEN EXEC DIRECTOR
    25.00     		28,500 0 0
    1695 LARKIN AVENUE
    ELGIN,IL60123
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    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 N/A 0
    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
    10,621,132
    b
    Average of monthly cash balances.......................
    1b
    45,416
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,666,548
    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
    10,666,548
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    159,998
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,506,550
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    525,328
    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
    525,328
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,172
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,172
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    523,156
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    523,156
    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
    523,156
    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
    581,417
    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
    581,417
    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
    2,172
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    579,245
    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 7 523,156
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 24,894
    d From 2016...... 38,602
    e From 2017...... 91,997
    fTotal of lines 3a through e........ 155,493
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 581,417
    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..... 523,156
    e Remaining amount distributed out of corpus 58,261
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 213,754
    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 ......     		213,754
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 24,894
    c Excess from 2016.... 38,602
    d Excess from 2017.... 91,997
    e Excess from 2018.... 58,261
    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 e-mail address of the person to whom applications should be addressed:
    EFS FOUNDATION
    1695 LARKIN AVENUE
    ELGIN,IL60123
    (847) 289-0513
    bThe form in which applications should be submitted and information and materials they should include:
    AN ORGANIZATION SEEKING FUNDING MUST SUBMIT AN EFS FOUNDATION APPLICATION FOR FUNDING ALONG WITH A COPY OF THE ORGANIZATION'S ARTICLES OF INCORPORATION, IRS TAX EXEMPT DETERMINATION LETTER, A LIST OF CURRENT BOARD MEMBERS, MOST RECENT FINANCIAL STATEMENT, IRS FORM 990, AND THE CURRENT ANNUAL BUDGET.
    cAny submission deadlines:
    SEPTEMBER 30, JUNE 30 AND MARCH 31
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ADVOCATE SHERMAN HEALTH FOUNDATION
    1425 N RANDALL RD
    ELGIN,IL60123     		    SUPPORT FREE CHILDBIRTH EDUCATION FOR LOW-INCOME FAMILIES 9,500
    ANDERSON ANIMAL SHELTER
    1000 S LAFOX
    SOUTH ELGIN,IL60177     		    SUMMER "CRITTER CAMP" SCHOLARSHIPS 7,000
    ASSOCIATION FOR INDIV DEVELOPMENT
    1135 BOWES RD
    ELGIN,IL60123     		    DEVELOPMENTAL/VOCATIONAL TRAINING SERVICES 9,000
    BOY SCOUT - THREE FIRES
    415 N SECOND ST
    ST CHARLES,IL60174     		    LION'S CUB PROGRAM 8,500
    BOYS AND GIRLS CLUB DUNDEE
    20 S GROVE ST
    CARPENTERSVILLE,IL60110     		    DIGITAL LITERACY SKILLS PROGRAM FOR CLUB MEMBERS 11,000
    BOYS AND GIRLS CLUB OF ELGIN
    355 DUNDEE AV
    ELGIN,IL60120     		    ACADEMIC ENRICHMENT & SCHOOL ENGAGEMENT PROGRAM 9,500
    CAL'S ALL STAR ANGEL FOUNDATION
    721 ASHTON LN
    SOUTH ELGIN,IL60177     		    BENEFITTING CHILDREN FIGHTING PEDIATRIC CANCER 8,000
    CASA OF KANE COUNTY
    100 S THIRD ST
    GENEVA,IL60134     		    VOLUNTEER TRAINING PROGRAM 9,500
    CENTRO DE INFORMACION
    28 N GROVE AV
    ELGIN,IL60120     		    HISPANIC COMMUNITY OUTREACH PROGRAM 14,000
    CHILDREN'S HOME & AID
    125 WACKER DR
    CHICAGO,IL60606     		    OUTDOOR LEARNING INTIATIVE 8,500
    CHILDREN'S THEATRE ELGIN
    1700 SPARTAN DR
    ELGIN,IL60123     		    SUPPORT THEATER PRODUCTIONS FOR 2018-2019 7,000
    CHILDSERV
    5765 W HIGGINS RD STE 450
    ELGIN,IL60631     		    ELGIN PARENT EMPOWERMENT PROGRAM 7,000
    CLUB GUADALUPANO
    168 WESTGATE DR
    ELGIN,IL60123     		    SUPPORT SCHOLARSHIP PROGRAM FOR HISPANIC STUDENTS 7,500
    COMMUNITY CRISIS CENTER
    37 S GENEVA ST
    ELGIN,IL60120     		    2018 TOY GIVEAWAY & 2018 DOMESTIC VIOLENCE PROGRAM 10,000
    CORBELLA CLINIC
    101 E STATE ST
    SOUTH ELGIN,IL60177     		    2018 SUPPORT OF CLINIC EDUCATION PROGRAM 2,000
    DUNDEE HISTORICAL SOCIETY
    426 HIGHLAND AV
    WEST DUNDEE,IL60118     		    DONATION 2,000
    DUNDEE TOWNSHIP ROTARY FOUNDATION
    PO BOX 243
    DUNDEE,IL60118     		    SUPPORT SCHOLARSHIP PROGRAM FOR 2018-2019 ACADEMIC YEAR 10,000
    EASTER SEALS DUPAGE
    799 MCLEAN BLVD
    ELGIN,IL60123     		    SUPPORT FAMILY SERVICES PROGRAM AT ELGIN FACILITY 8,500
    ECKER CENTER
    1845 GRANDSTAND PL
    ELGIN,IL60123     		    ANNUAL FUNDRAISING GALA SPONSORSHIP 10,000
    ELGIN ACADEMY
    350 PARK ST
    ELGIN,IL60120     		    SUPPORT SCHOLARSHIP PROGRAM 7,500
    ELGIN COMMUNITY COLLEGE FOUNDATION
    1700 SPARTAN DR
    ELGIN,IL60123     		    SUPPORT SCHOLARSHIP PROGRAM FOR 2018 - 2019 ACADEMIC YEAR 500
    ELGIN HISTORY MUSEUM
    360 PARK ST
    ELGIN,IL60120     		    ANNUAL FUNDRAISING CEMETERY WALK SPONSOR 250
    ELGIN MASTER CHORALE
    1700 SPARTAN DR
    ELGIN,IL60123     		    HELP UNDERWRITE EDUCATIONAL CONNECTIONS PROGRAM FOR STUDENTS & SENIORS 7,500
    ELGIN PARKS AND RECREATION FOUNDATION
    100 SYMPHONY WAY
    ELGIN,IL60120     		    SUPPORT ELGIN RECREATION YOUTH SCHOLARSHIP FUND 6,500
    ELGIN SPORTS HALL OF FAME
    PO BOX 1133
    ELGIN,IL60121     		    SUPPORT SCHOLARSHIP PROGRAM 7,500
    ELGIN SYMPHONY ORCHESTRA
    20 DUPAGE CT
    ELGIN,IL60120     		    SUPPORT EDUCATIONAL OUTREACH FOR KIDS PROGRAMS 7,000
    ELGIN WAYSIDE CENTER
    1732 BERKLEY ST
    ELGIN,IL60123     		    HOMELESS & WORKING POOR IN ELGIN 7,500
    ELGIN YOUTH SYMPHONY ORCHESTRA
    60 S GROVE AVE STE 2
    ELGIN,IL60120     		    SUPPORT EDUCATIONAL OUTREACH FOR KIDS PROGRAMS 8,500
    FAMILY ALLIANCE INC
    2028 N SEMINARY AVE
    WOODSTOCK,IL60098     		    ADULT DAY CARE - KANE COUNTY SITE LOCATED IN HUNTLEY 7,000
    FAMILY SERVICE ASSOCIATION OF ELGIN
    1140 N MCLEAN BLVD I
    ELGIN,IL60123     		    MENTAL HEALTH SERVICES TO CHILDREN, ADOLESCENTS AND ADULTS 7,000
    FDN FOR EDUCATIONAL EXCELLENCE D300
    2605 BUNKER HILL DR
    ALGONQUIN,IL60102     		    PURCHASE MUSICAL INSTRUMENTS FOR MIDDLE SCHOOL BAND USE 7,000
    FELLOWSHIP HOUSING CORP
    2200 W HIGGINS RD 130
    HOFFMAN ESTATES,IL60169     		    SUPPORT PROGRAM FOR SINGLE MOTHERS WHO ARE AT RISK OF OR ARE HOMELESS 8,500
    FIDELITERS CHARITIES
    PO BOX 5442
    ELGIN,IL60121     		    ANNUAL FUNDRAISING GALA SPONSORSHIP 1,000
    FISH FOOD PANTRY
    150 S KENNEDY DR
    CARPENTERSVILLE,IL60110     		    SUPPORT MISSION TO DISTRIBUTE FOOD TO NEEDY FAMILIES 10,000
    FOOD FOR GREATER ELGIN
    1553 COMMERCE DR
    ELGIN,IL60123     		    FUNDING FOR THE PURCHASE OF FOOD FOR THE DISTRIBUTION TO NEEDY FAMILIES 5,000
    FOREST PRESERVE DISTRICT OF KANE COUNTY
    1996 S KIRK RD STE 320
    GENEVA,IL60134     		    FOREST PRESERVE SUPPORT 1,000
    FOX VALLEY BEAUX ARTS
    499 N COMMONWEALTH AV
    ELGIN,IL60123     		    SUPPORT SCHOLARSHIP PROGRAM FOR STUDENTS STUDYING THE ARTS 8,500
    FOX VALLEY CHRISTIAN ACTION
    35W624 RIVERWOODS LN
    ST CHARLES,IL60174     		    SUPPORT COMMUNITY LEADERSHIP PROGRAM FOR AT-RISK TEENAGERS 7,500
    FOX VALLEY HANDS OF HOPE
    200 WHITFIELD DR
    GENEVA,IL60134     		    ANNUAL FUNDRAISING EVENT SPONSORSHIP 8,500
    FOX VALLEY SPECIAL RECREATION FOUNDATION
    2121 W INDIAN TRAIL
    AURORA,IL60506     		    ANNUAL FUNDRAISING EVENT SPONSORSHIP 1,000
    GAIL BORDEN LIBRARY FOUNDATION
    270 N GROVE AV
    ELGIN,IL60120     		    HELP FUND 2018 SUMMER READING PROGRAM 7,000
    GAMMA XI CHAPTER FOUNDATION
    1035 KNOLLWOOD LN
    BARTLETT,IL60103     		    SUPPORT SCHOLARSHIP PROGRAM FOR WOMEN ENTERING THE FIELD OF EDUCATION 5,000
    GIRL SCOUTS OF NORTHERN IL
    12N124 COOMBS RD
    ELGIN,IL60124     		    PROJECT OPPORUNITY 4,180
    HABITAT FOR HUMANITY
    56 S GROVE AV
    ELGIN,IL60120     		    HELP FUND REHAB OF TWO FORECLOSED HOMES 8,500
    HUNTLEY AREA PUBLIC LIBRARY FRIENDS
    11000 RUTH ROAD
    HUNTLEY,IL60142     		    HELP FUND 2018 SUMMER & WINTER READING PROGRAMS 6,500
    JUDSON UNIVERSITY
    1151 N STATE ST
    ELGIN,IL60123     		    SCHOLARSHIP SUPPORT 7,000
    JUNIOR ACHIEVEMENT OF CHICAGO
    651 W WASHINGTON BLVD 404
    CHICAGO,IL60661     		    SUPPORT JA WHOLE SCHOOL PROGRAMS AT CHANNING MEMORIAL SCHOOL IN ELGIN 5,000
    KAIROS FAMILY CENTER
    240 STANDISH ST
    ELGIN,IL60123     		    HELP SPONSOR FAMILIES IN NEED OF COUNSELING/THERAPY WHO ARE UNABLE TO PAY 6,800
    LITERACY CONNECTION
    270 N GROVE AV
    ELGIN,IL60120     		    SUPPORT ENGLISH AS SECOND LANGUAGE & LITERACY PROGRAMS 2,000
    LIVING WELL CANCER RESOURCE
    442 WILLIAMSBURG AV
    GENEVA,IL60134     		    HELP FUND PROGRAMS TO CANCER PATIENTS, THEIR FAMILIES & CAREGIVERS FREE OF CHARGE 8,500
    LUTHERAN LIFE COMMUNITIES
    800 W OAKTON ST
    ARLINGTON HEIGHTS,IL60004     		    NOT-FOR-PROFIT SYSTEM OF LIFE PLAN COMMUNITIES AND SENIOR SERVICES IN ILLINOIS 5,600
    MARKLUND CHILDREN'S HOME
    15450 WYATT DR
    GENEVA,IL60134     		    SUPPORT MARKLUND WESMOND CENTER TO CREATE TWO NEW CLASSROOMS IN ELGIN 5,900
    NORTHERN ILLINOIS FOOD BANK
    273 DEARBORN CT
    GENEVA,IL60134     		    HELP FUND DISTRIBUTION OF FOOD FILLED BACKPACKS TO ELGIN CHILDREN IN NEED 9,500
    ONE HOPE UNITED
    215 MILWAUKEE AV
    LAKE VILLA,IL60046     		    SUPPORT LEAP EDUCATIONAL PROGRAM AT THE ELGIN CENTER 7,000
    PADS OF ELGIN INC
    1730 BERKLEY ST
    ELGIN,IL60123     		    SUPPORT PADS OF ELGIN CASE PROGRAM 8,500
    PRESENCE ST JOSEPH HOSPITAL
    77 N AIRLITE ST
    ELGIN,IL60123     		    SUPPORT SCHOLARSHIP PROGRAM FOR STUDENTS ENTERING THE MEDICAL FIELD 9,000
    RENZ ADDICTION CENTER
    ONE AMERICAN WAY
    ELGIN,IL60120     		    SUPPORT MEDICATION-ASSISTED TREATMENT PROGRAM 8,500
    ROTARY CLUB FOUNDATION OF ELGIN
    PO BOX 604
    ELGIN,IL60123     		    FOUNDATION OF ELGIN & SCHOLARSHIP SUPPORT 700
    ROTARY DISTRICT 6440 CHARITABLE FUND INC
    PO BOX 90
    DEERFIELD,IL60015     		    MEMORIAL FOR J. HELM 6,800
    SALVATION ARMY CITADEL CORPS
    316 DOUGLAS AVE
    ELGIN,IL60120     		    PROVIDING MEALS FOR SENIORS 2,500
    SENIOR SERVICES ASSOCIATES INC
    101 S GROVE AVE
    ELGIN,IL60120     		    SPONSORSHIP OF ANNUAL EVENT CHEERS FOR YEARS 8,500
    SIDE STREET STUDIO ARTS
    15 ZIEGLER CT
    ELGIN,IL60120     		    COMMUNITY MOVES AND SMALL WONDERS ARTS EDUCATION PROGRAM 7,000
    SPECIAL OLYMPICS
    PO BOX 129
    NORMAL,IL61761     		    DONATION 395
    ST EDWARD CATHOLIC HS
    335 LOCUST ST
    ELGIN,IL60123     		    HELP PROVIDE FINANCIAL ASSISTANCE (TUITION) TO STUDENTS IN NEED 9,500
    SUICIDE PREVENTION SERVICES
    528 S BATAVIA AV
    BATAVIA,IL60510     		    HELP PROVIDE EDUCATIONAL PROGRAMS, DEPRESSION SCREENINGS & INDIVIDUAL COUNSELING 7,500
    SUMMIT SCHOOL
    333 W RIVER RD
    ELGIN,IL60123     		    SUPPORT TECHNOLOGY PROGRAM FOR STUDENTS WITH SIGNIFICANT LEARNING DIFFERENCES 9,000
    TLC PREGNANCY SERVICES
    825 DUNDEE AV
    ELGIN,IL60123     		    FUNDING SUPPORT FOR MEN'S MENTORING PROGRAM 7,000
    U-46 EDUCATIONAL FOUNDATION
    355 E CHICAGO ST
    ELGIN,IL60120     		    PROJECTS THAT ENRICH LEARNING AND SUPPORT STUDENTS 5,000
    UNITED WAY OF ELGIN
    1750 GRANDSTAND PL
    ELGIN,IL60123     		    SUPPORT DOLLY PARDON IMAGINATION LIBRARY PROGRAM FOR GREATER ELGIN AREA 8,500
    VNA HEALTH CARE
    400 N HIGHLAND AV
    AURORA,IL60506     		    HELP UNDERWRITE HEALTH CARE FOR UNDERINSURED & UNINSURED INDIVIDUALS IN NEED 8,500
    WELL CHILD CENTER
    620 WING ST
    ELGIN,IL60120     		    SUPPORT PEDIATRIC DENTAL CLINIC FOR CHILDREN REGARDLESS OF PARENTAL ABILITY TO PAY 8,500
    YMCA - PRAIRIE VALLEY FAMILY
    300 W WISE RD
    SCHAUMBURG,IL60193     		    SCHOLARSHIPS AT TAYLOR YMCA & EDWARDS CAMPING SCHOLARSHIPS TO UNDERPRIVILEGED YOUTH 11,000
    YOUTH LEADERSHIP AADEMY
    410 RENNER DR
    ELGIN,IL60123     		    TO ENGAGE AND INSPIRE YOUTH TO MAXIMIZE THEIR POTENTIAL TO BECOME SUCCESSFUL COMMUNITY LEADERS THROUGH THE ACCESS AND RESPONSIBLE UTILIZATION. 6,500
    YWCA - ELGIN
    220 E CHICAGO ST
    ELGIN,IL60120     		    HELP SUPPORT FAMILY LITERACY PROGRAM 9,750
    ZONTA CLUB OF ST CHARLES WEST ILLINOIS
    PO BOX 811
    ST CHARLES,IL60175     		    ANNUAL FUNDRAISING SPONSORSHIP 500
    Total .................................bullet 3a 514,875
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 282,572  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 359,665  
    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).. 0 642,237 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    642,237
    (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:
    EFS FOUNDATION
    EIN:
    36-4219647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,515 0   4,515

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    INVESTMENT SALES   PURCHASED 2018-12   2,515,851 2,269,527   0 246,324  
    PASS THROUGH FROM K-1   PURCHASED 2018-12     577   0 -577  
    PASS THROUGH FROM K-1   PURCHASED 2018-12   104,420     0 104,420  
    INVESTMENT SALES   PURCHASED 2018-12   1,432,671 1,423,173   0 9,498  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GRAYSTONE INVESTMENT PORTFOLIO 8,227,859 8,467,737
    ALTERNATIVE INVESTMENT PORTFOLIO - GRAYSTONE 1,556,256 1,476,736

    TY 2018 OtherAssetsSchedule
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID FEDERAL EXCISE TAX 4,124 1,641 1,641


    TY 2018 OtherDecreasesSchedule
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Description Amount
    K-1 PASS THROUGH INCOME 101,497


    TY 2018 OtherExpensesSchedule
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGES 86 0   86
    COMMUNICATIONS 1,701 0   1,701
    FEES 831 0   831
    INSURANCE 7,134 0   7,134
    OPERATING EXPENSE 2,065 0   2,065


    TY 2018 OtherLiabilitiesSchedule
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED COMPENSATION 3,000 1,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODY FEES-GRAYSTONE 65,343 65,343   0


    TY 2018 TaxesSchedule
    Name:
    EFS FOUNDATION
    EIN:
    36-4219647
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 2,483 0   0