TY 2018 Form 990PF

- TIN:

Form990-PF
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
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Go 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
JOSEPH J STOREY TR WAVERLY HALL

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

58-6132175

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$7,259,242J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	162,203		152,222
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		144,692
b	Gross sales price for all assets on line 6a 2,574,607
7	Capital gain net income (from Part IV, line 2)...			144,692
8	Net short-term capital gain.........				0
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).......		2,468	185
12	Total. Add lines 1 through 11........	309,363		297,099
13	Compensation of officers, directors, trustees, etc.	81,779		73,601		8,178
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,152	0	0	1,152
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		19,474	4,111		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		6,830	6,830
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	109,235		84,542	0	9,330
25	Contributions, gifts, grants paid.......	350,220				350,220
26	Total expenses and disbursements. Add lines 24 and 25	459,455		84,542	0	359,550
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-150,092
b	Net investment income (if negative, enter -0-)			212,557
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	240,934	209,530	209,530
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	6,747,536	6,629,036	7,049,712
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,988,470	6,838,566	7,259,242
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	6,988,470	6,838,566
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	6,988,470	6,838,566
	31	Total liabilities and net assets/fund balances (see instructions).	6,988,470	6,838,566

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

6,988,470

Enter amount from Part I, line 27a .....................

-150,092

Other increases not included in line 2 (itemize) bullet

3,288

Add lines 1, 2, and 3 ..........................

6,841,666

Decreases not included in line 2 (itemize) bullet

3,100

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

6,838,566

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	16. MOTOROLA SOLUTIONS, INC.		2012-06-14	2018-01-12
b	12. VERISK ANALYTICS INC			2018-01-12
c	3. ALPHABET INC/CA		2017-10-18	2018-01-24
d	95. AMERIPRISE FINL INC			2018-01-24
e	20. BOEING CO		2017-10-18	2018-01-24
	24. CELANESE CORP		2017-10-18	2018-01-24
	68. SPIRIT AEROSYTSEMS HOLD-CL A		2014-10-08	2018-01-24
	22. LEUCADIA NATL CORP COM		2012-06-14	2018-02-05
	16. LOEWS CORP		2014-05-27	2018-02-05
	8. MICROCHIP TECHNOLOGY INC COM		2017-03-09	2018-02-05
	7. MICROCHIP TECHNOLOGY INC COM			2018-02-05
	12. MOTOROLA SOLUTIONS, INC.		2012-06-14	2018-02-05
	1. VERISIGN INC COM		2012-06-14	2018-02-05
	12. VERISIGN INC COM		2017-03-09	2018-02-05
	39. SENSATA TECHNOLOGIES HOLDING			2018-02-05
	165.26 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-02-15
	161.76 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-02-15
	102.25 FHLMC POOL #G60384 4.500% 12/01/45			2018-02-15
	10000. KINDER MORGAN ENER 5.950% 2/15/18		2016-04-11	2018-02-15
	29. LEUCADIA NATL CORP COM		2012-06-14	2018-02-22
	16. LOEWS CORP		2012-06-14	2018-02-22
	35. SENSATA TECHNOLOGIES HOLDING		2012-06-14	2018-02-22
	468.296 T ROWE PRICE BLUE CHIP-I #429		2017-10-18	2018-02-26
	396. AMERICAN ASSETS TRUST INC			2018-03-05
	216. AMERICAN CAMPUS CMNTYS INC			2018-03-05
	190. AMERICAN TOWER REIT		2017-09-07	2018-03-05
	301. APARTMENT INVT & MGMT CO CL A		2017-09-07	2018-03-05
	45. BOSTON PROPERTIES INC COM			2018-03-05
	258. CHESAPEAKE LODGING TRUST			2018-03-05
	237. CORESITE REALTY CORP			2018-03-05
	279. CORPORATE OFFICE PROPERTIES COM		2017-09-07	2018-03-05
	230. CROWN CASTLE INTL CORP			2018-03-05
	93. DIGITAL RLTY TR INC			2018-03-05
	137. EPR PROPERTIES		2017-09-07	2018-03-05
	16. EQUINIX INC		2017-09-07	2018-03-05
	195. EXTRA SPACE STORAGE INC			2018-03-05
	308. FIRST INDL RLTY TR INC COM			2018-03-05
	757. GGP INC			2018-03-05
	320. HCP INC		2017-09-07	2018-03-05
	479. HOST HOTELS & RESORTS, INC.			2018-03-05
	106. INVITATION HOMES INC			2018-03-05
	18. KILROY REALTY CORP COM			2018-03-05
	450. KIMCO RLTY CORP			2018-03-05
	687. MEDICAL PPTYS TR INC			2018-03-05
	246. MID AMERICA APARTMENT COM			2018-03-05
	327. NATIONAL RETAIL PPTYS INC			2018-03-05
	420. OUTFRONT MEDIA INC			2018-03-05
	33. PHYSICIANS REALTY TRUST		2017-09-07	2018-03-05
	510. PIEDMONT OFFICE REALTY TRU-A			2018-03-05
	342. PROLOGIS INC			2018-03-05
	654. RLJ LODGING TRUST			2018-03-05
	80. SIMON PROPERTY GROUP INC			2018-03-05
	195. VENTAS INC COM			2018-03-05
	150. CISCO SYSTEMS INC			2018-03-06
	20. UNION PACIFIC CORP		2017-10-18	2018-03-06
	32. UNITEDHEALTH GROUP INC		2015-02-25	2018-03-06
	105. AUTOHOME INC-ADR		2017-08-15	2018-03-12
	20000. CHEVRON CORP 4.950% 3/03/19		2016-04-11	2018-03-13
	116.13 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-03-15
	143.66 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-03-15
	118.31 FHLMC POOL #G60384 4.500% 12/01/45			2018-03-15
	.25 BROWN FORMAN CORP CL B		2017-05-10	2018-03-16
	14. FIDELITY NATL INFORMATION SVCS INC			2018-03-20
	76. FOREST CITY REALTY TRUST-A			2018-03-20
	8. LOEWS CORP		2012-06-14	2018-03-20
	13. M & T BANK CORPORATION COM			2018-03-20
	26. LIBERTY GLOBAL PLC-A			2018-03-20
	14. SENSATA TECHNOLOGIES HOLDING			2018-03-20
	3.5 BROWN FORMAN CORP CL B		2016-11-29	2018-04-02
	18.5 BROWN FORMAN CORP CL B		2017-05-10	2018-04-02
	22. FIDELITY NATL INFORMATION SVCS INC			2018-04-02
	66. FOREST CITY REALTY TRUST-A			2018-04-02
	31. LEUCADIA NATL CORP COM		2012-06-14	2018-04-02
	47. LOEWS CORP		2012-06-14	2018-04-02
	51. AXALTA COATING SYSTEMS LTD			2018-04-02
	54. AFFILIATED MANAGERS GROUP, INC COM		2017-10-18	2018-04-09
	95. AFFILIATED MANAGERS GROUP, INC COM		2017-03-14	2018-04-09
	5. FOX FACTORY HOLDING CORP		2017-08-15	2018-04-09
	66. SUNCOR ENERGY INC NEW F		2017-10-18	2018-04-09
	146.6 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-04-15
	163.24 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-04-15
	116.43 FHLMC POOL #G60384 4.500% 12/01/45			2018-04-15
	37. FOREST CITY REALTY TRUST-A		2012-06-14	2018-04-17
	45. LOEWS CORP		2012-06-14	2018-04-17
	21. MACQUARIE INFRASTRUCTURE COMPANY LLC			2018-04-17
	10621.052 PIMCO FOREIGN BD FD USD H-INST #103			2018-04-18
	2862.595 VANGUARD SHORT TERM-INVEST GRD #539		2016-09-02	2018-04-18
	17. AXALTA COATING SYSTEMS LTD		2016-07-28	2018-04-18
	9. WHITE MTNS INS GROUP			2018-04-18
	3.99984 AMERICAN TOWER REIT		2017-09-07	2018-04-19
	3.00016 AMERICAN TOWER REIT		2017-09-07	2018-04-19
	118. HOST HOTELS & RESORTS, INC.		2017-09-07	2018-04-19
	33. HUDSON PACIFIC PROPERTIES INC		2018-03-05	2018-04-19
	9. SL GREEN REALTY CORP COM		2018-03-05	2018-04-19
	42. STORE CAPITAL CORP		2018-03-05	2018-04-19
	12. INTERXION HOLDING NV		2018-03-05	2018-04-19
	10000. US TREASURY NOTE 2.500% 5/15/24		2017-06-06	2018-04-23
	10000. US TREASURY NOTE 2.500% 5/15/24			2018-04-23
	15000. FED HOME LN MTG CORP 3.750% 3/27/19			2018-04-24
	213. FOX FACTORY HOLDING CORP		2017-08-15	2018-05-03
	162. FOX FACTORY HOLDING CORP		2017-08-15	2018-05-04
	35. AUTOHOME INC-ADR		2017-08-15	2018-05-08
	49. DOLLAR TREE INC			2018-05-10
	11. ECOLAB INC			2018-05-10
	18. FIDELITY NATL INFORMATION SVCS INC		2012-06-14	2018-05-10
	19. INTUIT COM		2012-06-14	2018-05-10
	65. LOEWS CORP		2012-06-14	2018-05-10
	10. M & T BANK CORPORATION COM			2018-05-10
	78. MACQUARIE INFRASTRUCTURE COMPANY LLC			2018-05-10
	15. AON PLC			2018-05-10
	117.64 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-05-15
	175.88 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-05-15
	199.51 FHLMC POOL #G60384 4.500% 12/01/45			2018-05-15
	18. DUKE REALTY CORPORATION		2018-03-05	2018-05-16
	16. INTERXION HOLDING NV		2018-03-05	2018-05-16
	25000. GENERAL ELEC CAP COR 4.650% 10/17/21			2018-05-17
	3536.068 PIMCO COMMODITY REAL RET STRAT-I45		2016-10-25	2018-05-22
	654.389 T ROWE PRICE BLUE CHIP-I #429		2017-10-18	2018-05-22
	55. AT & T INC		2018-02-13	2018-05-23
	22. APPLE INC		2017-03-14	2018-05-23
	57. BAYER AG - ADR		2017-10-18	2018-05-23
	9. BERSHIRE HATHAWAY INC.		2017-10-18	2018-05-23
	4. BLACKROCK INC		2017-10-18	2018-05-23
	6. BOEING CO		2017-03-14	2018-05-23
	11. CME GROUP INC		2017-03-14	2018-05-23
	34. CVS HEALTH CORPORATION		2018-01-24	2018-05-23
	66. CISCO SYSTEMS INC		2017-03-14	2018-05-23
	40. CITIGROUP INC		2017-10-18	2018-05-23
	35. COGNIZANT TECH SOLUTIONS CRP COM		2017-10-18	2018-05-23
	55. COMCAST CORP CLASS A		2017-10-18	2018-05-23
	13. DIAGEO PLC - ADR		2017-10-18	2018-05-23
	17. WALT DISNEY CO		2017-03-14	2018-05-23
	14. EOG RESOURCES, INC		2018-04-09	2018-05-23
	27. GILEAD SCIENCES INC		2017-10-18	2018-05-23
	10. HOME DEPOT INC		2017-03-31	2018-05-23
	250. ISHARES BARCLAYS MBS BOND FUND		2016-04-27	2018-05-23
	10. JPMORGAN CHASE & CO		2017-03-21	2018-05-23
	8. JPMORGAN CHASE & CO		2017-10-18	2018-05-23
	24. LAS VEGAS SANDS CORP		2017-03-14	2018-05-23
	22. ELI LILLY & CO COM		2017-10-18	2018-05-23
	107. MANULIFE FINANCIAL CORP		2017-10-18	2018-05-23
	31. MERCK & CO INC NEW		2017-10-18	2018-05-23
	57. MICROSOFT CORP		2017-03-14	2018-05-23
	32. NIKE INC CL B		2017-10-30	2018-05-23
	17. PNC FINANCIAL SERVICES GROUP		2017-03-14	2018-05-23
	69. ROCHE HOLDINGS LTD - ADR		2017-10-18	2018-05-23
	38. SCHLUMBERGER LTD		2018-01-24	2018-05-23
	21. SPIRIT AEROSYTSEMS HOLD-CL A		2017-10-18	2018-05-23
	23. TARGET CORP		2017-03-14	2018-05-23
	13. THERMO FISHER SCIENTIFIC INC		2017-10-18	2018-05-23
	39. TOTAL S.A. - ADR		2017-03-14	2018-05-23
	13. UNION PACIFIC CORP		2017-03-14	2018-05-23
	17. UNITED PARCEL SERVICE-CL B		2017-10-18	2018-05-23
	5000. US TREASURY NOTE 2.000% 12/31/22		2017-09-22	2018-05-23
	5000. US TREASURY NOTE 2.000% 12/31/22		2017-03-03	2018-05-23
	11. UNITEDHEALTH GROUP INC		2017-03-14	2018-05-23
	21. ZOETIS INC		2017-04-25	2018-05-23
	23. EATON CORP PLC		2017-10-18	2018-05-23
	22. TE CONNECTIVITY LTD		2017-10-18	2018-05-23
	5000. APPLE INC 2.400% 5/03/23		2016-04-11	2018-05-25
	7000. CVS CAREMARK CORP 4.125% 5/15/21			2018-05-25
	5000. CITIGROUP INC 2.700% 10/27/22		2017-10-30	2018-05-25
	.5 DDR CORP		2018-03-05	2018-05-25
	17. DOLLAR TREE INC		2015-11-20	2018-05-25
	5000. FED NATL MTG ASSN 2.625% 9/06/24		2016-04-19	2018-05-25
	11. FIDELITY NATL INFORMATION SVCS INC		2012-06-14	2018-05-25
	5000. HALLIBURTON COMPANY 3.500% 8/01/23		2016-04-11	2018-05-25
	5000. HOME DEPOT INC 3.000% 4/01/26		2016-09-20	2018-05-25
	19. INTUIT COM		2012-06-14	2018-05-25
	36. LIBERTY BROADBAND CORP			2018-05-25
	5000. NOVARTIS CAPITAL COR 3.000% 11/20/25		2016-04-11	2018-05-25
	5000. PEPSICO INC 4.500% 1/15/20		2016-04-11	2018-05-25
	10000. US TREASURY NOTE 2.125% 9/30/21			2018-05-25
	5000. US TREASURY NOTE 3.125% 5/15/19		2016-04-19	2018-05-25
	5000. US TREASURY NOTE 2.250% 11/15/25		2017-11-30	2018-05-25
	5000. US TREASURY NOTE 2.625% 8/15/20		2016-04-19	2018-05-25
	5000. US TREASURY NOTE 1.750% 11/15/26		2017-09-22	2018-05-25
	5000. US TREASURY NOTE 2.500% 5/15/24		2017-06-06	2018-05-25
	19. AON PLC			2018-05-25
	8567.512 ROBECO BP LNG/SHRT RES-INS		2014-05-16	2018-05-30
	15000. AMGEN INC 5.700% 2/01/19		2016-04-11	2018-06-01
	3000. FED NATL MTG ASSN 6.625% 11/15/30		2014-06-12	2018-06-01
	20000. FED HOME LN MTG CORP 3.750% 3/27/19			2018-06-01
	75. ISHARES BARCLAYS MBS BOND FUND		2016-04-27	2018-06-01
	10000. US TREASURY NOTE 3.125% 5/15/19		2016-04-19	2018-06-01
	10000. PEPSICO INC 4.500% 1/15/20		2016-04-11	2018-06-11
	154.26 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-06-15
	191.94 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-06-15
	103.29 FHLMC POOL #G60384 4.500% 12/01/45			2018-06-15
	.5 SPIRIT MTA REIT		2018-05-31	2018-06-15
	7000. VERIZON COMMUNICATIO 5.150% 9/15/23			2018-06-15
	1. EQUINIX INC		2017-09-07	2018-06-19
	1. EQUINIX INC		2017-09-07	2018-06-19
	4. ESSEX PPTY TR COM		2018-03-05	2018-06-19
	103. PHYSICIANS REALTY TRUST		2017-09-07	2018-06-19
	11. REGENCY CENTERS CORP		2018-03-05	2018-06-19
	5. SIMON PROPERTY GROUP INC		2017-09-07	2018-06-19
	45. STORE CAPITAL CORP		2018-03-05	2018-06-19
	6. SUN CMNTYS INC COM		2018-03-05	2018-06-19
	76. DOLLAR TREE INC			2018-06-22
	5. DOLLAR TREE INC		2018-05-29	2018-06-22
	1. ECOLAB INC		2018-05-29	2018-06-22
	8. ECOLAB INC			2018-06-22
	18. FIDELITY NATL INFORMATION SVCS INC		2012-06-14	2018-06-22
	4. FIDELITY NATL INFORMATION SVCS INC		2018-05-29	2018-06-22
	1. INTUIT COM		2018-05-29	2018-06-22
	9. INTUIT COM		2012-06-14	2018-06-22
	1. LOEWS CORP		2018-05-29	2018-06-22
	15. LOEWS CORP		2012-06-14	2018-06-22
	12. AON PLC		2018-05-29	2018-06-22
	24. AON PLC			2018-06-22
	95.853 SKYBRIDGE MULTI-ADVISER HF LLC (RF)		2014-11-25	2018-06-29
	5872.94 SKYBRIDGE MULTI-ADVISER 5% HOLDBACK		2018-06-29	2018-06-30
	78. BAYER AG ADR- RIGHTS DEEMED 7/15/18		2017-03-14	2018-07-02
	30.25 BAYER AG ADR- RIGHTS DEEMED 7/15/18		2017-10-18	2018-07-02
	12. ALEXANDRIA REAL ESTATE EQUITIES			2018-07-10
	5000. PEPSICO INC 4.500% 1/15/20		2016-04-11	2018-07-11
	96. COMCAST CORP CLASS A		2017-03-21	2018-07-12
	264. COMCAST CORP CLASS A		2017-10-18	2018-07-12
	136.29 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-07-15
	181.89 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-07-15
	172.04 FHLMC POOL #G60384 4.500% 12/01/45			2018-07-15
	51. MCKESSON CORP		2017-10-18	2018-07-17
	62. MCKESSON CORP		2017-03-14	2018-07-17
	.2 RETAIL VALUE INC		2018-07-02	2018-07-19
	13. AMERICAN TOWER REIT		2017-09-07	2018-07-23
	20.99602 HILTON WORLDWIDE HOLDINGS IN			2018-07-23
	13.00398 HILTON WORLDWIDE HOLDINGS IN		2018-04-19	2018-07-23
	4. SIMON PROPERTY GROUP INC		2017-09-07	2018-07-23
	47. APPLE INC		2017-03-14	2018-07-24
	63. MICROSOFT CORP		2017-03-14	2018-07-24
	5000. US TREASURY NOTE 2.250% 11/15/25		2017-11-30	2018-07-24
	153. UBS GROUP AG		2018-01-24	2018-07-24
	14. INTERXION HOLDING NV		2018-03-05	2018-07-25
	29. AIR PRODS & CHEMS INC COM			2018-07-26
	12. ECOLAB INC		2012-07-30	2018-07-26
	24. FIDELITY NATL INFORMATION SVCS INC		2012-06-14	2018-07-26
	14. INTUIT COM		2012-06-14	2018-07-26
	11. ROSS STORES INC		2017-03-09	2018-07-26
	17. ROSS STORES INC			2018-07-26
	6. S&P GLOBAL INC			2018-07-26
	7. S&P GLOBAL INC		2018-05-29	2018-07-26
	12. AON PLC			2018-07-26
	312. BAYER AG - ADR		2017-03-14	2018-07-30
	121. BAYER AG - ADR		2017-10-18	2018-07-30
	307. ABAXIS INC		2017-08-15	2018-07-31
	19. AUTODESK INC			2018-08-01
	9. AUTODESK INC		2018-05-29	2018-08-01
	112. DDR CORP		2018-03-05	2018-08-01
	107. DUKE REALTY CORPORATION		2018-03-05	2018-08-01
	19. FIDELITY NATL INFORMATION SVCS INC		2012-06-14	2018-08-01
	9. MOODYS CORP			2018-08-01
	12. MOODYS CORP		2018-05-29	2018-08-01
	3. PUBLIC STORAGE INC COM		2017-09-07	2018-08-01
	49. ROSS STORES INC			2018-08-01
	12. S&P GLOBAL INC		2016-01-08	2018-08-01
	28. WEYERHAEUSER CO		2018-03-05	2018-08-01
	12. AON PLC			2018-08-01
	146. CITIGROUP INC		2017-10-18	2018-08-08
	16. KILROY REALTY CORP COM		2017-09-07	2018-08-09
	11. RETAIL VALUE INC		2018-07-02	2018-08-09
	24. TANGER FACTORY OUTLET CTR		2018-03-05	2018-08-09
	7163.324 VANGUARD SHORT TERM-INVEST GRD #539		2016-09-02	2018-08-09
	134.43 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-08-15
	158.54 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-08-15
	133.93 FHLMC POOL #G60384 4.500% 12/01/45			2018-08-15
	11. AIR PRODS & CHEMS INC COM			2018-08-17
	12. MOODYS CORP		2014-05-27	2018-08-17
	4. ROPER TECHNOLOGIES INC		2018-05-29	2018-08-17
	8. ROPER TECHNOLOGIES INC			2018-08-17
	2. SHERWIN WILLIAMS CO		2018-05-29	2018-08-17
	10. SHERWIN WILLIAMS CO		2017-08-09	2018-08-17
	12. AON PLC			2018-08-17
	.02 PROLOGIS INC		2018-08-01	2018-08-28
	12. AIR PRODS & CHEMS INC COM			2018-08-29
	12960.02 OAKMARK INTERNATIONAL-INST #2886			2018-08-29
	1214.856 OAKMARK INTERNATIONAL-INST #2886		2017-11-27	2018-08-29
	12. MOODYS CORP			2018-08-29
	24. ROSS STORES INC		2015-11-20	2018-08-29
	13. S&P GLOBAL INC			2018-08-29
	5. SL GREEN REALTY CORP COM		2018-03-05	2018-08-29
	83. GGP INC		2017-09-07	2018-08-30
	6355.932 FIDELITY ADV INTER REAL E-IS #1855		2018-06-04	2018-09-06
	6534.621 VANGUARD SHORT TERM-INVEST GRD #539			2018-09-06
	.5 RIGHTMOVE PLC-UNSP ADR		2018-04-12	2018-09-10
	131.21 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-09-15
	182.15 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-09-15
	148.59 FHLMC POOL #G60384 4.500% 12/01/45			2018-09-15
	12. AUTODESK INC		2015-08-27	2018-09-17
	64. BROOKFIELD ASSET MANAGE-CL A			2018-09-17
	54. DENTSPLY SIRONA INC			2018-09-17
	110. FOREST CITY REALTY TRUST-A		2012-06-14	2018-09-17
	6. FOREST CITY REALTY TRUST-A		2018-05-29	2018-09-17
	24. MOODYS CORP			2018-09-17
	28. PROGRESSIVE CORP OHIO			2018-09-17
	28. SL GREEN REALTY CORP COM		2018-03-05	2018-09-17
	13. SHERWIN WILLIAMS CO			2018-09-17
	6. SIMON PROPERTY GROUP INC		2017-09-07	2018-09-17
	.208 BROOKFIELD PROPERTY PARTNERS		2018-08-29	2018-09-17
	31. BROOKFIELD PROPERTY PARTNERS		2018-08-29	2018-09-18
	10000. TIME WARNER INC 4.875% 3/15/20			2018-09-27
	5000. TIME WARNER INC 4.875% 3/15/20		2017-11-30	2018-09-27
	161. CISCO SYSTEMS INC		2017-03-14	2018-10-01
	354. MANULIFE FINANCIAL CORP		2017-10-18	2018-10-01
	45. PNC FINANCIAL SERVICES GROUP		2017-10-18	2018-10-01
	43. TJX COMPANIES INC		2016-09-13	2018-10-01
	44. UNION PACIFIC CORP		2017-03-14	2018-10-01
	29. BROOKFIELD ASSET MANAGE-CL A		2018-05-29	2018-10-05
	114. DENTSPLY SIRONA INC			2018-10-05
	26. MOODYS CORP		2012-06-14	2018-10-05
	10. PROGRESSIVE CORP OHIO		2017-03-01	2018-10-05
	7. PROGRESSIVE CORP OHIO		2018-05-29	2018-10-05
	42. ROSS STORES INC			2018-10-05
	17. AON PLC		2014-10-28	2018-10-05
	4. ESSEX PPTY TR COM		2018-03-05	2018-10-10
	22. DENTSPLY SIRONA INC		2018-05-29	2018-10-11
	115. DENTSPLY SIRONA INC			2018-10-11
	14. SHERWIN WILLIAMS CO			2018-10-11
	113.53 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-10-15
	133.22 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-10-15
	152.64 FHLMC POOL #G60384 4.500% 12/01/45			2018-10-15
	34. REALTY INCOME CORP COM		2018-08-01	2018-10-24
	28. SL GREEN REALTY CORP COM		2018-03-05	2018-10-26
	67. HAIN CELESTIAL GROUP INC		2017-10-18	2018-10-30
	22. EXTRA SPACE STORAGE INC		2018-10-26	2018-11-02
	5. AMERICAN TOWER REIT			2018-11-15
	13. AUTODESK INC		2015-08-27	2018-11-15
	57. BROOKFIELD ASSET MANAGE-CL A			2018-11-15
	107.11 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-11-15
	149.04 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-11-15
	62.24 FHLMC POOL #G60384 4.500% 12/01/45			2018-11-15
	19. LIBERTY EXPEDIA HOLDINGS INC			2018-11-15
	5. LIBERTY EXPEDIA HOLDINGS INC		2018-05-29	2018-11-15
	56. ROSS STORES INC			2018-11-15
	12. S&P GLOBAL INC		2016-01-12	2018-11-15
	22. SIMON PROPERTY GROUP INC		2017-09-07	2018-11-15
	41. SPIRIT MTA REIT		2018-05-31	2018-11-15
	11. AON PLC			2018-11-15
	374. SCHLUMBERGER LTD			2018-11-21
	39. SCHLUMBERGER LTD		2018-01-24	2018-11-21
	5000. US TREASURY NOTE 3.125% 5/15/19		2016-04-19	2018-11-26
	8. SIMON PROPERTY GROUP INC		2017-09-07	2018-11-27
	30. STORE CAPITAL CORP		2018-08-01	2018-11-27
	7. CROWN CASTLE INTL CORP		2017-09-07	2018-12-07
	8171.896 PIMCO COMMODITY REAL RET STRAT-I45		2016-10-25	2018-12-07
	800.372 PIMCO COMMODITY REAL RET STRAT-I45		2018-02-26	2018-12-07
	5000. US TREASURY NOTE 3.125% 5/15/19		2016-04-19	2018-12-11
	89.48 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-12-15
	113.16 FHLMC POOL #G08641 3.500% 5/01/45		2015-06-08	2018-12-15
	114.05 FHLMC POOL #G60384 4.500% 12/01/45			2018-12-15
	8. CROWN CASTLE INTL CORP		2017-09-07	2018-12-17
	64. INVITATION HOMES INC		2017-09-07	2018-12-17
	36. COLFAX CORPORATION			2018-12-20
	11. DOLLAR GENERAL CORP		2018-06-22	2018-12-20
	15. MOHAWK INDS INC COM			2018-12-20
	2. MOHAWK INDS INC COM		2018-05-29	2018-12-20
	9. MOODYS CORP		2012-06-14	2018-12-20
	5. O'REILLY AUTOMOTIVE INC			2018-12-20
	5. O'REILLY AUTOMOTIVE INC		2018-05-29	2018-12-20
	15. ROPER TECHNOLOGIES INC			2018-12-20
	48. ROSS STORES INC			2018-12-20
	16. S&P GLOBAL INC		2016-01-12	2018-12-20
	16. AON PLC		2012-06-14	2018-12-20
	106. AMERIPRISE FINL INC		2017-03-14	2018-12-21
	24. AMERIPRISE FINL INC		2018-08-08	2018-12-21
	25. CELANESE CORP		2017-10-18	2018-12-21
	143. COMCAST CORP CLASS A			2018-12-21
	43. NIKE INC CL B		2017-10-30	2018-12-21
	.2 SPIRIT REALTY CAPITAL INC		2018-08-09	2018-12-24
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,541	757	784
b	1,161	1,006	155
c	3,522	2,980	542
d	17,085	14,084	3,001
e	6,710	5,207	1,503
	2,643	2,494	149
	6,790	2,516	4,274
	559	443	116
	796	691	105
	740	588	152
	647	188	459
	1,247	567	680
	112	42	70
	1,341	1,022	319
	2,088	1,168	920
	165	175	-10
	162	167	-5
	102	111	-9
	10,000	10,525	-525
	722	584	138
	800	631	169
	1,868	1,036	832
	50,000	44,708	5,292
	12,657	16,127	-3,470
	8,009	10,323	-2,314
	26,035	27,914	-1,879
	11,606	13,828	-2,222
	5,450	5,476	-26
	6,692	6,612	80
	22,481	27,679	-5,198
	7,154	9,211	-2,057
	24,781	24,809	-28
	9,316	11,235	-1,919
	7,570	9,682	-2,112
	6,221	7,456	-1,235
	16,792	16,053	739
	8,844	9,691	-847
	16,108	16,372	-264
	7,107	9,660	-2,553
	8,689	8,746	-57
	2,329	2,477	-148
	1,226	1,336	-110
	6,795	9,062	-2,267
	8,660	9,207	-547
	21,347	26,170	-4,823
	12,471	13,654	-1,183
	8,425	9,154	-729
	492	616	-124
	9,068	10,289	-1,221
	20,885	22,007	-1,122
	12,648	13,368	-720
	12,576	12,896	-320
	9,923	13,361	-3,438
	6,637	5,130	1,507
	2,623	2,218	405
	7,229	3,670	3,559
	9,186	6,596	2,590
	20,450	21,999	-1,549
	116	123	-7
	144	148	-4
	118	129	-11
	14	10	4
	1,401	810	591
	1,566	1,474	92
	411	316	95
	2,464	1,722	742
	832	969	-137
	741	390	351
	185	131	54
	980	731	249
	2,075	721	1,354
	1,300	965	335
	677	624	53
	2,263	1,854	409
	1,528	1,443	85
	9,592	10,567	-975
	16,874	15,609	1,265
	173	183	-10
	2,396	2,229	167
	147	155	-8
	163	168	-5
	116	127	-11
	750	516	234
	2,292	1,775	517
	829	1,625	-796
	114,495	114,286	209
	30,000	30,859	-859
	550	481	69
	7,763	5,408	2,355
	551	588	-37
	413	441	-28
	2,308	2,125	183
	1,029	1,050	-21
	858	886	-28
	1,037	1,019	18
	783	677	106
	9,782	10,361	-579
	9,782	10,664	-882
	15,201	16,304	-1,103
	7,458	7,790	-332
	5,703	5,925	-222
	3,272	2,199	1,073
	4,552	3,766	786
	1,623	1,212	411
	1,887	586	1,301
	3,685	1,082	2,603
	3,367	2,564	803
	1,858	882	976
	3,042	5,789	-2,747
	2,150	1,620	530
	118	125	-7
	176	181	-5
	200	217	-17
	502	451	51
	1,027	902	125
	25,972	28,361	-2,389
	25,000	24,965	35
	70,000	62,475	7,525
	1,764	1,993	-229
	4,089	3,058	1,031
	1,709	2,003	-294
	1,757	1,691	66
	2,139	1,907	232
	2,135	1,073	1,062
	1,745	1,366	379
	2,219	2,756	-537
	2,841	2,250	591
	2,778	2,920	-142
	2,623	2,592	31
	1,748	2,003	-255
	1,879	1,763	116
	1,739	1,913	-174
	1,710	1,468	242
	1,826	2,163	-337
	1,852	1,470	382
	25,835	27,296	-1,461
	1,114	897	217
	891	786	105
	1,880	1,334	546
	1,819	1,886	-67
	2,066	2,224	-158
	1,833	1,972	-139
	5,542	3,671	1,871
	2,289	1,759	530
	2,539	2,144	395
	1,895	2,147	-252
	2,771	2,988	-217
	1,821	1,670	151
	1,642	1,260	382
	2,831	2,459	372
	2,391	1,923	468
	1,847	1,359	488
	1,951	2,016	-65
	4,853	5,051	-198
	4,853	4,979	-126
	2,680	1,861	819
	1,759	1,158	601
	1,807	1,758	49
	2,071	1,927	144
	4,818	5,056	-238
	7,147	7,502	-355
	4,818	4,985	-167
	7	8	-1
	1,623	1,170	453
	4,902	5,283	-381
	1,139	358	781
	4,998	5,144	-146
	4,792	5,293	-501
	3,743	1,082	2,661
	2,559	1,806	753
	4,820	5,259	-439
	5,167	5,598	-431
	9,827	10,412	-585
	5,040	5,336	-296
	4,781	4,955	-174
	5,011	5,304	-293
	4,651	4,904	-253
	4,907	5,180	-273
	2,699	1,789	910
	143,163	125,000	18,163
	15,284	16,757	-1,473
	4,032	4,190	-158
	20,237	21,467	-1,230
	7,785	8,189	-404
	10,077	10,671	-594
	10,288	11,196	-908
	154	164	-10
	192	198	-6
	103	112	-9
	5	5
	7,555	7,857	-302
	401	466	-65
	401	466	-65
	927	899	28
	1,603	1,905	-302
	650	647	3
	826	805	21
	1,199	1,091	108
	576	520	56
	6,613	5,034	1,579
	435	473	-38
	139	143	-4
	1,114	583	531
	1,941	586	1,355
	431	409	22
	207	197	10
	1,859	513	1,346
	49	48	1
	733	592	141
	1,646	1,671	-25
	3,293	2,168	1,125
	117,459	125,172	-7,713
	5,873	5,873
	130		130
	50		50
	1,528	1,523	5
	5,132	5,598	-466
	3,300	3,601	-301
	9,075	9,614	-539
	136	145	-9
	182	188	-6
	172	187	-15
	6,873	7,446	-573
	8,355	9,127	-772
	7	6	1
	1,824	1,910	-86
	1,717	1,664	53
	1,063	1,073	-10
	680	644	36
	9,059	6,533	2,526
	6,768	4,057	2,711
	4,779	4,955	-176
	2,447	3,162	-715
	928	789	139
	4,708	4,513	195
	1,713	819	894
	2,621	781	1,840
	3,053	797	2,256
	968	734	234
	1,495	1,193	302
	1,275	562	713
	1,488	1,373	115
	1,775	1,076	699
	8,661	8,874	-213
	3,359	4,252	-893
	25,481	14,385	11,096
	2,420	986	1,434
	1,146	1,170	-24
	1,510	1,424	86
	3,108	2,682	426
	1,956	619	1,337
	1,541	769	772
	2,055	2,039	16
	645	643	2
	4,235	2,621	1,614
	2,378	1,092	1,286
	950	958	-8
	1,709	1,065	644
	10,666	10,659	7
	1,149	1,090	59
	375	354	21
	572	547	25
	75,000	77,221	-2,221
	134	143	-9
	159	163	-4
	134	146	-12
	1,828	1,570	258
	2,055	1,007	1,048
	1,188	1,100	88
	2,376	1,512	864
	886	779	107
	4,431	3,340	1,091
	1,721	1,063	658
	1	1
	2,020	1,655	365
	343,959	320,000	23,959
	32,242	35,000	-2,758
	2,114	976	1,138
	2,301	1,196	1,105
	2,662	1,181	1,481
	520	492	28
	26	1,562	-1,536
	72,966	75,000	-2,034
	68,483	70,233	-1,750
	6	6
	131	139	-8
	182	188	-6
	149	162	-13
	1,766	593	1,173
	2,724	2,632	92
	2,056	3,441	-1,385
	2,759	1,514	1,245
	150	119	31
	4,249	921	3,328
	1,918	1,743	175
	2,828	2,757	71
	6,098	3,944	2,154
	1,095	966	129
	4	4
	626	628	-2
	10,283	10,880	-597
	5,142	5,270	-128
	7,883	5,488	2,395
	6,351	7,358	-1,007
	6,133	6,077	56
	4,846	3,202	1,644
	7,227	4,601	2,626
	1,266	1,158	108
	4,113	7,164	-3,051
	4,199	914	3,285
	707	398	309
	495	432	63
	3,983	2,001	1,982
	2,668	1,413	1,255
	997	899	98
	788	1,001	-213
	4,119	7,106	-2,987
	5,806	3,919	1,887
	114	120	-6
	133	137	-4
	153	166	-13
	1,996	1,885	111
	2,569	2,757	-188
	1,703	2,669	-966
	1,916	1,934	-18
	808	732	76
	1,678	642	1,036
	2,480	2,261	219
	107	114	-7
	149	154	-5
	62	68	-6
	779	701	78
	205	213	-8
	5,347	2,186	3,161
	2,128	1,065	1,063
	4,000	3,543	457
	423	385	38
	1,771	547	1,224
	17,804	27,185	-9,381
	1,857	3,067	-1,210
	5,013	5,336	-323
	1,442	1,289	153
	878	817	61
	811	742	69
	50,094	57,694	-7,600
	4,906	5,483	-577
	5,012	5,336	-324
	89	95	-6
	113	117	-4
	114	124	-10
	898	845	53
	1,326	1,438	-112
	727	2,068	-1,341
	1,113	1,104	9
	1,739	1,919	-180
	232	419	-187
	1,226	316	910
	1,662	1,207	455
	1,662	1,347	315
	3,955	2,591	1,364
	3,716	1,825	1,891
	2,648	1,420	1,228
	2,347	743	1,604
	10,698	13,987	-3,289
	2,422	3,396	-974
	2,199	2,598	-399
	4,882	4,160	722
	3,130	2,364	766
	7	9	-2
			74,100

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			784
b			155
c			542
d			3,001
e			1,503
			149
			4,274
			116
			105
			152
			459
			680
			70
			319
			920
			-10
			-5
			-9
			-525
			138
			169
			832
			5,292
			-3,470
			-2,314
			-1,879
			-2,222
			-26
			80
			-5,198
			-2,057
			-28
			-1,919
			-2,112
			-1,235
			739
			-847
			-264
			-2,553
			-57
			-148
			-110
			-2,267
			-547
			-4,823
			-1,183
			-729
			-124
			-1,221
			-1,122
			-720
			-320
			-3,438
			1,507
			405
			3,559
			2,590
			-1,549
			-7
			-4
			-11
			4
			591
			92
			95
			742
			-137
			351
			54
			249
			1,354
			335
			53
			409
			85
			-975
			1,265
			-10
			167
			-8
			-5
			-11
			234
			517
			-796
			209
			-859
			69
			2,355
			-37
			-28
			183
			-21
			-28
			18
			106
			-579
			-882
			-1,103
			-332
			-222
			1,073
			786
			411
			1,301
			2,603
			803
			976
			-2,747
			530
			-7
			-5
			-17
			51
			125
			-2,389
			35
			7,525
			-229
			1,031
			-294
			66
			232
			1,062
			379
			-537
			591
			-142
			31
			-255
			116
			-174
			242
			-337
			382
			-1,461
			217
			105
			546
			-67
			-158
			-139
			1,871
			530
			395
			-252
			-217
			151
			382
			372
			468
			488
			-65
			-198
			-126
			819
			601
			49
			144
			-238
			-355
			-167
			-1
			453
			-381
			781
			-146
			-501
			2,661
			753
			-439
			-431
			-585
			-296
			-174
			-293
			-253
			-273
			910
			18,163
			-1,473
			-158
			-1,230
			-404
			-594
			-908
			-10
			-6
			-9

			-302
			-65
			-65
			28
			-302
			3
			21
			108
			56
			1,579
			-38
			-4
			531
			1,355
			22
			10
			1,346
			1
			141
			-25
			1,125
			-7,713

			130
			50
			5
			-466
			-301
			-539
			-9
			-6
			-15
			-573
			-772
			1
			-86
			53
			-10
			36
			2,526
			2,711
			-176
			-715
			139
			195
			894
			1,840
			2,256
			234
			302
			713
			115
			699
			-213
			-893
			11,096
			1,434
			-24
			86
			426
			1,337
			772
			16
			2
			1,614
			1,286
			-8
			644
			7
			59
			21
			25
			-2,221
			-9
			-4
			-12
			258
			1,048
			88
			864
			107
			1,091
			658

			365
			23,959
			-2,758
			1,138
			1,105
			1,481
			28
			-1,536
			-2,034
			-1,750

			-8
			-6
			-13
			1,173
			92
			-1,385
			1,245
			31
			3,328
			175
			71
			2,154
			129

			-2
			-597
			-128
			2,395
			-1,007
			56
			1,644
			2,626
			108
			-3,051
			3,285
			309
			63
			1,982
			1,255
			98
			-213
			-2,987
			1,887
			-6
			-4
			-13
			111
			-188
			-966
			-18
			76
			1,036
			219
			-7
			-5
			-6
			78
			-8
			3,161
			1,063
			457
			38
			1,224
			-9,381
			-1,210
			-323
			153
			61
			69
			-7,600
			-577
			-324
			-6
			-4
			-10
			53
			-112
			-1,341
			9
			-180
			-187
			910
			455
			315
			1,364
			1,891
			1,228
			1,604
			-3,289
			-974
			-399
			722
			766
			-2

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	144,692
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 ...................		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? Yes No

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	264,443	7,526,227	0.035136
2016	269,665	6,959,935	0.038745
2015	273,966	7,402,582	0.03701
2014	296,589	7,505,345	0.039517
2013	271,870	7,183,047	0.037849

Total of line 1, column (d) .....................

0.188257

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 ......

0.037651

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

7,912,430

Multiply line 4 by line 3......................

297,911

Enter 1% of net investment income (1% of Part I, line 27b)...........

2,126

Add lines 5 and 6........................

300,037

Enter qualifying distributions from Part XII, line 4,.............

359,550

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)

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 and enter “N/A" on line 1.
	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	2,126
	hereand 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	2,126
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	2,126
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	8,669
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

7	Total credits and payments. Add lines 6a through 6d..............		7	8,669
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	6,543
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax2,128	Refunded	11	4,415

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
Wells Fargo Bank NA	TRUSTEE 1	81,779
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	81,779

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...................				0

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............. bullet

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......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

7,819,103

Average of monthly cash balances.......................

213,821

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

8,032,924

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

8,032,924

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

120,494

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

7,912,430

Minimum investment return. Enter 5% of line 5..................

395,622

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.)

Minimum investment return from Part X, line 6....................

395,622

Tax on investment income for 2018 from Part VI, line 5......

2,126

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

2,126

Distributable amount before adjustments. Subtract line 2c from line 1............

393,496

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

393,496

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

393,496

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

359,550

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

359,550

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.................

2,126

Adjusted qualifying distributions. Subtract line 5 from line 4..............

357,424

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)

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					393,496
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				350,197
b Total for prior years:2016, 2015, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 359,550
a Applied to 2017, but not more than line 2a				350,197
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.....					9,353
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					384,143
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WAVERLY HALL BAPTIST CHURCH ATTENTION JEFF WOODHAMS WAVERLY HALL,GA31831	NONE	OC	GENERAL OPERATING	211,380
WAVERLY HALL CHRISTIAN ACADEMY 8365 GA-208 WAVERLY HALL,GA31831	NONE	PC	GENERAL OPERATING	138,840
Total ................................. 3a				350,220

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	162,203
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	144,692
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	2,283
bOTHER INCOME			1	185
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				309,363

13Total. Add line 12, columns (b), (d), and (e)..................

309,363

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,152			1,152

Identifier	Return Reference	Explanation
The compensation reported in column (c) is calculated based on	periodic market values and/or the applicable fee agreement. It is not	determined on an hourly basis and the reference to one hour per week is an estimate only. Corporate trustee services include, but are not limited to, administrative services such as fiduciary accounting, custody of assets, complying with tax filing requirements, complying with distribution provisions, and complying with federal and state laws applicable to private foundations, plus asset management services such as creating asset allocation strategies, investments reporting and reallocating and rebalancing of portfolios as necessary.

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

JOSEPH J STOREY TR WAVERLY HALL

EIN:

58-6132175

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
74340W103 PROLOGIS INC	AT COST	23,672	22,314
71943U104 PHYSICIANS REALTY TR	AT COST	3,536	3,014
02665T306 AMERICAN HOMES 4 REN	AT COST	5,368	5,360
097023105 BOEING COMPANY	AT COST	15,546	21,608
17275R102 CISCO SYSTEMS INC	AT COST	24,942	32,108
526057104 LENNAR CORPORATION C	AT COST	7,893	5,951
570535104 MARKEL HOLDINGS	AT COST	15,005	26,989
595017104 MICROCHIP TECHNOLOGY	AT COST	6,480	11,435
608190104 MOHAWK INDS INC COM	AT COST	2,046	3,626
366651107 GARTNER INC	AT COST	22,940	23,523
03662Q105 ANSYS INC	AT COST	15,514	13,008
36164V305 GCI LIBERTY INC	AT COST	3,174	5,310
86614U100 SUMMIT MATERIALS INC	AT COST	4,755	3,150
89400J107 TRANSUNION	AT COST	14,057	13,348
531229607 LIBERTY SIRIUSXM GRO	AT COST	2,609	6,065
285512109 ELECTRONIC ARTS INC	AT COST	10,174	10,495
512807108 LAM RESEARCH CORP CO	AT COST	17,835	14,298
532457108 ELI LILLY & CO COM	AT COST	16,110	21,987
20030N101 COMCAST CORP CLASS A	AT COST	6,234	11,134
150870103 CELANESE CORP	AT COST	22,757	21,683
74144Q203 T ROWE PRICE INST EM	AT COST	553,000	592,529
277911491 EATON VANCE FLOATING	AT COST	50,000	48,011
778296103 ROSS STORES INC	AT COST	568	1,248
G0450A105 ARCH CAPITAL GROUP L	AT COST	10,468	11,944
12508E101 CDK GLOBAL INC	AT COST	5,132	4,453
530307305 LIBERTY BROADBAND CO	AT COST	2,375	5,114
76131D103 RESTAURANT BRANDS IN	AT COST	18,978	22,698
48238T109 KAR AUCTION SERVICES	AT COST	3,444	4,390
75606N109 REALPAGE INC	AT COST	7,235	5,831
G47567105 IHS MARKIT LTD	AT COST	12,794	15,111
67103H107 O'REILLY AUTOMOTIVE	AT COST	11,499	30,301
78410G104 SBA COMMUNICATIONS C	AT COST	21,933	33,673
38141GVM3 GOLDMAN SACHS GROUP	AT COST	4,062	3,947
06367T7H7 BANK OF MONTREAL	AT COST	9,995	9,995
912828WJ5 US TREASURY NOTE 2.5	AT COST	20,676	19,963
3128MJWB2 FHLMC POOL #G08641	AT COST	13,438	13,077
3128MJW71 FHLMC POOL #G08669	AT COST	9,136	8,796
61746BEA0 MORGAN STANLEY	AT COST	15,044	14,682
426281101 HENRY JACK & ASSOC I	AT COST	10,858	12,905
749607107 RLI CORP COM	AT COST	5,708	7,175
57060D108 MARKETAXESS HLDGS IN	AT COST	15,752	17,327
929042109 VORNADO REALTY TRUST	AT COST	2,687	2,481
22822V101 CROWN CASTLE INTL CO	AT COST	2,975	3,042
95040Q104 WELLTOWER INC	AT COST	12,172	15,617
444097109 HUDSON PACIFIC PROPE	AT COST	4,106	3,749
875465106 TANGER FACTORY OUTLE	AT COST	2,348	2,083
828806109 SIMON PROPERTY GROUP	AT COST	17,556	18,311
03027X100 AMERICAN TOWER REIT	AT COST	4,185	4,588
89151E109 TOTAL FINA ELF S.A.	AT COST	30,901	30,786
26875P101 EOG RESOURCES, INC	AT COST	19,878	16,483
517834107 LAS VEGAS SANDS CORP	AT COST	25,775	21,809
609207105 MONDELEZ INTERNATION	AT COST	26,909	25,099
009158106 AIR PRODUCTS AND CHE	AT COST	9,213	13,284
573284106 MARTIN MARIETTA MATL	AT COST	19,993	19,593
743315103 PROGRESSIVE CORP OHI	AT COST	3,499	8,688
143130102 CARMAX INC	AT COST	17,188	22,457
893641100 TRANSDIGM GROUP INC	AT COST	18,832	32,986
14040HBP9 CAPITAL ONE FINANCIA	AT COST	9,869	9,871
913017BV0 UNITED TECHNOLOGIES	AT COST	20,702	19,585
N22717107 CORE LABORATORIES N	AT COST	5,662	3,759
679580100 OLD DOMINION FREIGHT	AT COST	19,281	24,328
04316A108 ARTISAN PARTNERS ASS	AT COST	11,180	8,269
29476L107 EQUITY RESIDENTIAL P	AT COST	3,323	3,895
49427F108 KILROY REALTY CORP C	AT COST	7,103	6,540
531172104 LIBERTY PPTY TR SH B	AT COST	3,496	3,560
74460D109 PUBLIC STORAGE INC C	AT COST	6,181	5,870
615369105 MOODYS CORP	AT COST	2,356	9,383
256677105 DOLLAR GENERAL CORP	AT COST	6,002	9,403
489398107 KENNEDY-WILSON HOLDI	AT COST	7,966	7,014
531229870 LIBERTY MEDIA GROUP	AT COST	283	654
112585104 BROOKFIELD ASSET MAN	AT COST	21,816	33,096
55354G100 MSCI INC	AT COST	3,144	5,160
G5480U104 LIBERTY GLOBAL PLC-A	AT COST	2,770	2,668
25243Q205 DIAGEO PLC - ADR	AT COST	23,655	26,800
771195104 ROCHE HOLDINGS LTD -	AT COST	23,003	22,347
872540109 TJX COS INC NEW	AT COST	9,274	11,364
911312106 UNITED PARCEL SERVIC	AT COST	24,600	21,847
12572Q105 CME GROUP INC	AT COST	19,873	26,525
98978V103 ZOETIS INC	AT COST	12,573	18,134
052769106 AUTODESK INC COM	AT COST	5,372	14,662
776696106 ROPER INDS INC NEW C	AT COST	8,001	13,326
115236101 BROWN & BROWN INC	AT COST	7,411	11,162
29444U700 EQUINIX INC	AT COST	33,022	27,852
448579102 HYATT HOTELS CORP	AT COST	7,667	6,895
53046P109 LIBERTY EXPEDIA HOLD	AT COST	1,215	2,425
G5480U120 LIBERTY GLOBAL PLC-S	AT COST	6,482	5,119
194014106 COLFAX CORPORATION	AT COST	11,284	6,500
06051GFB0 BANK OF AMERICA CORP	AT COST	6,154	6,082
9128283W8 US TREASURY NOTE	AT COST	9,823	10,052
437076BM3 HOME DEPOT INC	AT COST	15,674	14,530
H42097107 UBS GROUP AG	AT COST	22,927	14,410
00206R102 AT & T INC	AT COST	32,289	26,713
901165100 TWEEDY BROWNE FD GLO	AT COST	373,508	317,705
31641Q763 FIDELITY NEW MRKTS I	AT COST	137,790	122,928
77954Q403 T ROWE PRICE BLUE CH	AT COST	827,817	1,051,208
46429B655 ISHARES FLOATING RAT	AT COST	75,028	74,080
00770G847 JOHCM INTERNATIONAL	AT COST	355,000	373,658
66989HAJ7 NOVARTIS CAPITAL COR	AT COST	15,626	14,530
912828NT3 US TREASURY NOTE 2.6	AT COST	21,214	20,028
406216BD2 HALLIBURTON COMPANY	AT COST	15,433	14,889
045327103 ASPEN TECHNOLOGY INC	AT COST	16,653	22,928
303075105 FACTSET RESH SYS INC	AT COST	13,286	16,411
73278L105 POOL CORPORATION	AT COST	15,510	20,365
92927K102 WABCO HOLDINGS INC	AT COST	27,531	21,468
925652109 VICI PROPERTIES INC	AT COST	1,958	1,765
32054K103 FIRST INDL RLTY TR I	AT COST	2,755	2,540
962166104 WEYERHAEUSER CO	AT COST	2,941	1,880
N47279109 INTERXION HOLDING NV	AT COST	6,241	5,903
46187W107 INVITATION HOMES INC	AT COST	14,065	12,570
115637209 BROWN FORMAN CORP CL	AT COST	3,558	4,139
217204106 COPART INC COM	AT COST	26,733	45,200
311900104 FASTENAL CO	AT COST	4,201	5,072
45168D104 IDEXX CORP	AT COST	5,285	4,651
55261F104 M & T BANK CORPORATI	AT COST	2,901	4,866
592688105 METTLER-TOLEDO INTL	AT COST	12,325	12,443
91879Q109 VAIL RESORTS INC COM	AT COST	13,668	10,330
929160109 VULCAN MATLS CO	AT COST	18,284	16,104
48251W104 KKR & CO INC -A	AT COST	11,406	8,519
82509L107 SHOPIFY INC - A W/I	AT COST	1,696	1,523
44267D107 HOWARD HUGHES CORP/T	AT COST	9,851	7,907
43300A203 HILTON WORLDWIDE HOL	AT COST	24,757	22,832
064159FL5 BANK OF NOVA SCOTIA	AT COST	9,833	9,914
3135G0ZR7 FED NATL MTG ASSN 2.	AT COST	32,530	30,892
912828M56 US TREASURY NOTE	AT COST	14,654	14,669
912828N30 US TREASURY NOTE	AT COST	29,872	29,577
742718DY2 PROCTER & GAMBLE CO/	AT COST	20,698	19,689
257651109 DONALDSON CO INC	AT COST	10,510	9,719
101121101 BOSTON PROPERTIES IN	AT COST	5,831	5,402
264411505 DUKE REALTY CORPORAT	AT COST	4,659	4,740
297178105 ESSEX PPTY TR COM	AT COST	13,936	15,203
40171V100 GUIDEWIRE SOFTWARE I	AT COST	7,692	6,258
G0408V102 AON PLC	AT COST	2,785	8,722
59156RBH0 METLIFE INC 3.600% 4	AT COST	10,464	10,069
912828F21 US TREASURY NOTE 2.1	AT COST	30,768	29,715
384109104 GRACO INC	AT COST	21,185	22,934
741511109 PRICESMART INC	AT COST	17,259	12,766
40418F108 HFF INC	AT COST	17,531	15,685
40414L109 HCP INC	AT COST	3,475	3,380
620076307 MOTOROLA SOLUTIONS,	AT COST	2,032	4,487
12504L109 CBRE GROUP INC	AT COST	11,017	15,936
09215C105 BLACK KNIGHT INC	AT COST	14,937	16,627
084670702 BERSHIRE HATHAWAY IN	AT COST	14,998	17,151
848574109 SPIRIT AEROSYTSEMS H	AT COST	8,209	10,525
000843201 ACAP STRATEGIC FUND-	AT COST	150,000	125,000
922031760 VANGUARD HIGH YIELD	AT COST	323,133	308,280
70299PGP6 PARTNERS GROUP PRIVA	AT COST	101,828	185,292
126650100 CVS/CAREMARK CORPORA	AT COST	27,133	26,208
192446102 COGNIZANT TECH SOLUT	AT COST	27,753	27,550
87612E106 TARGET CORP	AT COST	10,266	11,896
172967424 CITIGROUP INC	AT COST	20,670	17,492
56063N600 MAINSTAY CONVERTIBLE	AT COST	210,000	182,528
74256W485 PRINCIPAL PREFERRED	AT COST	253,447	229,003
722005667 PIMCO COMMODITY REAL	AT COST	44,517	36,004
92343E102 VERISIGN INC	AT COST	5,651	17,943
30224P200 EXTENDED STAY AMERIC	AT COST	4,375	3,488
907818108 UNION PACIFIC CORP	AT COST	25,080	32,346
02079K107 ALPHABET INC/CA	AT COST	34,055	41,424
H84989104 TE CONNECTIVITY LTD	AT COST	20,380	19,513
G29183103 EATON CORP PLC	AT COST	19,477	18,332
422806208 HEICO CORP CL A	AT COST	1,718	1,638
023586100 AMERCO	AT COST	6,544	5,906
530307107 LIBERTY BROADBAND CO	AT COST	1,955	3,375
92345Y106 VERISK ANALYTICS INC	AT COST	10,368	16,574
40416M105 HD SUPPLY HOLDINGS I	AT COST	1,453	1,313
M98068105 WIX.COM LTD	AT COST	9,575	9,124
58013MEX8 MCDONALD'S CORP	AT COST	7,215	6,951
00206RDC3 AT&T INC	AT COST	10,123	10,166
46625HHS2 JPMORGAN CHASE & CO	AT COST	7,614	7,127
86562MAQ3 SUMITOMO MITSUI FINL	AT COST	14,473	14,616
037833AK6 APPLE INC 2.400% 5/0	AT COST	15,169	14,504
038336103 APTARGROUP INC	AT COST	7,362	8,372
75524B104 RBC BEARINGS INC	AT COST	12,208	15,208
804395101 SAUL CTRS INC COM	AT COST	1,399	1,322
876664103 TAUBMAN CTRS INC COM	AT COST	2,646	2,320
883556102 THERMO FISHER SCIENT	AT COST	19,789	26,407
91324P102 UNITEDHEALTH GROUP I	AT COST	25,587	36,372
405217100 HAIN CELESTIAL GROUP	AT COST	15,176	8,374
09247X101 BLACKROCK INC	AT COST	24,283	22,391
58933Y105 MERCK & CO INC NEW	AT COST	18,776	23,534
BIT990000 BLACKSTONE REAL ESTA	AT COST	175,000	178,321
52106N459 LAZARD GL LIST INFRA	AT COST	150,000	130,658
654106103 NIKE INC CL B	AT COST	18,885	26,839
46625H100 JPMORGAN CHASE & CO	AT COST	24,011	29,579
867224107 SUNCOR ENERGY INC NE	AT COST	30,554	27,187
31620R303 FNF GROUP	AT COST	13,469	15,940
531229409 LIBERTY SIRIUSXM GRO	AT COST	1,295	2,723
531229854 LIBERTY MEDIA GROUP	AT COST	8,683	9,149
78409V104 S&P GLOBAL INC	AT COST	4,207	8,497
33616C100 FIRST REPUBLIC BANK/	AT COST	16,573	14,773
278768106 ECHOSTAR CORPORATION	AT COST	891	1,138
172967LQ2 CITIGROUP INC	AT COST	14,930	14,459
961214DW0 WESTPAC BANKING CORP	AT COST	14,359	14,457
126650DC1 CVS HEALTH CORP	AT COST	9,991	9,972
912828KQ2 US TREASURY NOTE 3.1	AT COST	21,188	20,045
26078JAA8 DOWDUPONT INC	AT COST	10,016	10,096
31335AM96 FHLMC POOL #G60384	AT COST	7,661	7,297
94973VAS6 WELLPOINT INC 4.350%	AT COST	10,723	10,176
912828QN3 U S TREASURY NT 3.12	AT COST	20,280	20,297
260543CF8 DOW CHEMICAL CO/THE	AT COST	10,955	10,176
60786M105 MOELIS & CO	AT COST	17,890	11,930
879360105 TELEDYNE TECHNOLOGIE	AT COST	22,496	31,682
76657Y101 RIGHTMOVE PLC-UNSP A	AT COST	25,772	24,819
12514G108 CDW CORP/DE	AT COST	22,994	30,151
866674104 SUN CMNTYS INC COM	AT COST	7,485	8,645
862121100 STORE CAPITAL CORP	AT COST	7,921	9,031
42225P501 HEALTHCARE TRUST OF	AT COST	8,866	8,783
43283X105 HILTON GRAND VACATIO	AT COST	4,605	3,035
053484101 AVALONBAY CMNTYS INC	AT COST	19,163	19,320
84860W300 SPIRIT REALTY CAPITA	AT COST	6,332	5,429
30225T102 EXTRA SPACE STORAGE	AT COST	10,122	11,039
229663109 CUBESMART	AT COST	4,600	4,820
Y2573F102 FLEXTRONICS INTL LTD	AT COST	23,672	10,464
375558103 GILEAD SCIENCES INC	AT COST	11,812	13,136
437076102 HOME DEPOT INC	AT COST	14,767	16,495
594918104 MICROSOFT CORP	AT COST	34,543	62,466
56501R106 MANULIFE FINANCIAL C	AT COST	19,384	15,595
05567LT31 BNP PARIBAS 5.000% 1	AT COST	15,742	15,522
912828U24 US TREASURY NOTE	AT COST	19,423	19,091
464288588 ISHARES BARCLAYS MBS	AT COST	3,823	3,663
262037104 DRIL-QUIP INC COM	AT COST	15,077	10,931
562750109 MANHATTAN ASSOCIATES	AT COST	5,887	5,805
891092108 TORO CO	AT COST	15,006	12,238
74164M108 PRIMERICA INC	AT COST	23,596	28,629
05278C107 AUTOHOME INC-ADR	AT COST	32,727	40,758
015271109 ALEXANDRIA REAL ESTA	AT COST	14,175	13,368
03748R101 APARTMENT INVT & MGM	AT COST	10,867	10,487
22002T108 CORPORATE OFFICE PRO	AT COST	2,178	1,451
758849103 REGENCY CENTERS CORP	AT COST	10,634	10,504
88146M101 TERRENO REALTY CORP	AT COST	2,326	2,392
867892101 SUNSTONE HOTEL INVS	AT COST	5,908	5,269
29472R108 EQUITY LIFESTYLE PPT	AT COST	4,524	5,245
26884U109 EPR PROPERTIES	AT COST	7,039	6,915
037833100 APPLE COMPUTER INC C	AT COST	41,735	52,370
254687106 WALT DISNEY CO	AT COST	23,319	24,233
693475105 PNC FINANCIAL SERVIC	AT COST	23,469	21,395

Category	Amount	Net Investment Income
FOREIGN TAXES	3,702	3,702
FEDERAL TAX PAYMENT - PRIOR YE	14,000	0
FEDERAL ESTIMATES - PRINCIPAL	1,363	0
FOREIGN TAXES ON QUALIFIED FOR	409	409

Description	Amount
PY RETURN OF CAPITAL ADJUSTMENT	2,292
COST BASIS ADJUSTMENT	808

Description	Revenue and Expenses per Books	Net Investment Income
INVESTMENT MANAGEMENT FEES	6,491	6,491
ADR FEES	154	154
INVESTMENT EXPENSES - INTEREST	185	185