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
DUFFY FOUNDATION
ERIK H SERR
Number and street (or P.O. box number if mail is not delivered to street address)101 N MAIN STREET 7TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ANN ARBOR, MI48104
A Employer identification number

38-2908719
B Telephone number (see instructions)

(734) 663-2445
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$44,271,506J 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 2,643 2,643  
4 Dividends and interest from securities... 1,188,937 1,188,937  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,249,658
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 4,249,658
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........ 5,441,238 5,441,238 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 48,965 24,483 0 24,482
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 71,093 56,093 0 15,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 46,536 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 166,594 80,576 0 39,482
25 Contributions, gifts, grants paid....... 4,849,000 4,849,000
26 Total expenses and disbursements. Add lines 24 and 25 5,015,594 80,576 0 4,888,482
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 425,644
b Net investment income (if negative, enter -0-) 5,360,662
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 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............. 39 39 39
2 Savings and temporary cash investments......... 929,269 471,459 471,459
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)....... 19,650,628 Click to see attachment20,615,191 43,844,583
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 attachment0 Click to see attachment-81,109 Click to see attachment-44,575
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,579,936 21,005,580 44,271,506
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 20,579,936 21,005,580
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 20,579,936 21,005,580
31 Total liabilities and net assets/fund balances (see instructions). 20,579,936 21,005,580
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
20,579,936
2
Enter amount from Part I, line 27a .....................
2
425,644
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
21,005,580
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
21,005,580
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a THRU OLD NATIONAL P    
b THRU FIRST CLEARING LLC P    
c THRU FIRST CLEARING LLC P    
d CAPITAL GAINS DIVIDENDS P    
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       809,186
b       37,932
c       3,061,140
d       341,400
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       809,186
b       37,932
c       3,061,140
d       341,400
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 4,249,658
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 4,723,591 50,572,326 0.093403
2016 4,595,853 47,018,866 0.097745
2015 3,325,655 47,591,379 0.069879
2014 2,967,314 49,732,508 0.059665
2013 2,781,000 45,402,143 0.061253
2
Total of line 1, column (d) .....................
2
0.381945
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
0.076389
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
51,294,054
5
Multiply line 4 by line 3......................
5
3,918,301
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
53,607
7
Add lines 5 and 6........................
7
3,971,908
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,888,482
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 53,607
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 53,607
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 53,607
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 41,808
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 55,308
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 1,701
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,701 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)
    bulletMI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletERIK H SERR Telephone no.bullet (734) 663-2445

    Located atbullet101 N MAIN STREET 7TH FLOORANN ARBORMI ZIP+4bullet48104
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ANDREA HOLMES PRESIDENT/TREASURER/DIRECT
    4.00     		0 0 0
    101 N MAIN ST 7TH FLOOR
    ANN ARBOR,MI48104
    KATHRYN HOLMES VICE PRESIDENT/DIRECTOR
    4.00     		0 0 0
    101 N MAIN ST 7TH FLOOR
    ANN ARBOR,MI48104
    CHRISTINE HOLMES VICE PRESIDENT/DIRECTOR
    4.00     		0 0 0
    101 N MAIN ST 7TH FLOOR
    ANN ARBOR,MI48104
    ERIK SERR SECRETARY
    2.00     		0 0 0
    101 N MAIN ST 7TH FLOOR
    ANN ARBOR,MI48104
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    51,630,655
    b
    Average of monthly cash balances.......................
    1b
    444,527
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    52,075,182
    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
    52,075,182
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    781,128
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    51,294,054
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,564,703
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,564,703
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    53,607
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    53,607
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,511,096
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,511,096
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,511,096
    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
    4,888,482
    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
    4,888,482
    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
    53,607
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,834,875
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 2,511,096
    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...... 544,620
    b From 2014...... 523,900
    c From 2015...... 1,012,710
    d From 2016...... 2,305,530
    e From 2017...... 2,288,239
    fTotal of lines 3a through e........ 6,674,999
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,888,482
    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..... 2,511,096
    e Remaining amount distributed out of corpus 2,377,386
    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 9,052,385
    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) ...     		544,620
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		8,507,765
    10 Analysis of line 9:
    a Excess from 2014.... 523,900
    b Excess from 2015.... 1,012,710
    c Excess from 2016.... 2,305,530
    d Excess from 2017.... 2,288,239
    e Excess from 2018.... 2,377,386
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALLIANCE FOR THE GREAT LAKES
    150 N MICHIGAN AVE STE 700
    CHICAGO,IL60601     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 15,000
    AMERICAN RED CROSS - SOUTHEASTERN MICHIGAN REGIONAL CHAPTER
    100 MACK AVE
    DETROIT,MI48201     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 50,000
    ANIMALS AND SOCIETY INSTITUTE INC FOR THE ANICARE PROGRAM
    2512 CARPENTER ROAD STE 201
    ANN ARBOR,MI48108     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 15,000
    ANN ARBOR AREA COMMUNITY FOUNDATION
    301 N MAIN STREET STE 300
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 125,000
    ANN ARBOR CENTER FOR INDEPENDENT LIVING
    3941 RESEARCH PARK DRIVE
    ANN ARBOR,MI48108     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 50,000
    ANN ARBOR COMMUNITY CENTER
    625 N MAIN STREET
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 20,000
    ANN ARBOR HANDS-ON MUSEUM
    220 E ANN STREET
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    ANN ARBOR SYMPHONY ORCHESTRA
    35 RESEARCH DRIVE STE 100
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 30,000
    ANN ARBOR YMCA - GENERAL OPERATIONS
    400 W WASHINGTON
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    ARBOR HOSPICE FOUNDATION
    2366 OAK VALLEY DRIVE
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 50,000
    BURT LAKE PRESERVATION ASSOCIATION
    PO BOX 632
    INDIAN RIVER,MI49749     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 10,000
    CATHOLIC SOCIAL SERVICES OF WASHTENAW COUNTYINTENTIONAL COMMUNITIES
    PO BOX 1525
    ANN ARBOR,MI48106     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 25,000
    CHILDREN'S LITERACY NETWORK
    1100 M MAIN STREET STE 112
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 5,000
    CORNER HEALTH CENTER
    47 N HURON STREET
    YPSILANTI,MI48197     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 80,000
    DAWN INC
    502 WEST HURON
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 85,000
    DETROIT CATHOLIC CENTRAL HIGH SCHOOL
    27225 WIXOM ROAD
    NOVI,MI48374     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 20,000
    DETROIT CRISTO REY HIGH SCHOOL INC
    5679 WEST VERNOR HWY
    DETROIT,MI482092157     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 25,000
    DETROIT ZOOLOGICAL SOCIETY - OPERATING PURPOSES
    8450 W 10 MILE ROAD
    ROYAL OAK,MI48062     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 50,000
    DOMESTIC VIOLENCE PROJECT INC
    4100 CLARK ROAD
    ANN ARBOR,MI48105     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    EARLY LEARNING CENTER
    3070 REDWOOD
    ANN ARBOR,MI48108     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 8,000
    ELE'S PLACE
    3526 W LIBERTY SUITE 200
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 135,000
    FOOD GATHERERS
    PO BOX 7971
    ANN ARBOR,MI48113     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    GREAT LAKES RABBIT SANCTUARY
    PO BOX 7
    WHITTAKER,MI48190     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 15,000
    HABITAT FOR HUMANITY OF HURON VALLEY
    170 APRILL DRIVE SUITE A
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 35,000
    HOPE MEDICAL CLINIC INC
    PO BOX 980311
    YPSILANTI,MI48198     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 80,000
    HORSES HAVEN
    PO BOX 166
    HOWELL,MI48844     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 70,000
    HUMANE SOCIETY OF HURON VALLEY
    3100 CHERRY HILL ROAD
    ANN ARBOR,MI48105     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    LEADER DOGS FOR THE BLIND
    1039 S ROCHESTER ROAD
    ROCHESTER,MI483073115     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 35,000
    LEGACY LAND CONSERVANCY
    6276 JACKSON ROAD STE G
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 65,000
    LIFELINE INC DBA LIFELINE PILOTS
    6100 W EVERETT DIRKSEN PARKWAY
    PEORIA,IL61607     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 30,000
    LIONS VISUALLY IMPAIRED YOUTH CAMP INC
    3409 N FIVE LAKES ROAD
    LAPEER,MI48446     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 5,000
    LIVINGSTON AREA COUNCIL AGAINST SPOUSE ABUSE INC
    2895 W GRAND RIVER PO BOX 72
    HOWELL,MI48843     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 45,000
    MCLAREN-NORTHERN MICHIGAN FDN
    360 CONNABLE AVE
    PETOSKEY,MI49770     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 75,000
    MICHIGAN ABILITY PARTNERS
    3810 PACKARD ROAD SUITE 200
    ANN ARBOR,MI48108     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 50,000
    MICHIGAN ANTI-CRUELTY SOCIETY
    13569 JOSEPH CAMPAU
    DETROIT,MI48212     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 80,000
    MICHIGAN HUMANE SOCIETY
    30300 TELEGRAPH ROAD SUITE 220
    BINGHAM FARMS,MI48025     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 60,000
    MICHIGAN THEATER FOUNDATION INC
    603 E LIBERTY
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    MOST HOLY TRINITY SCHOOL
    1229 LABROSSE
    DETROIT,MI48226     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 50,000
    NEUTRAL ZONE (DBA ANN ARBOR TEEN CENTER INC)
    310 E WASHINGTON
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 30,000
    OZONE HOUSE INC
    1705 WASHTENAW
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 200,000
    PAWS WITH A CAUSE
    4646 SOUTH DIVISION
    WAYLAND,MI49348     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 80,000
    PEACE NEIGHBORHOOD CENTER
    1111 NORTH MAPLE ROAD
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 20,000
    PURPLE ROSE THEATRE COMPANY
    137 PARK STREET
    CHELSEA,MI48118     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 30,000
    RECYCLE ANN ARBOR
    2420 SOUTH INDUSTRIAL HIGHWAY
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 5,000
    REGENTS OF THE UNIVERSITY OF MICHIGAN - ANN ARBOR MEALS ON WHEELS
    2025 TRAVERWOOD SUITE F
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 95,000
    REGENTS OF THE UNIVERSITY OF MICHIGAN - EXHIBIT MUSEUM OF NATURAL HISTORY
    1109 GEDDES AVE
    ANN ARBOR,MI48109     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 10,000
    REGENTS OF THE UNIVERSITY OF MICHIGAN - REACH OUT AND READ PROGRAM
    1000 OAKBROOK DRIVE SUITE 100
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 5,000
    RONALD MCDONALD HOUSE CHARITIES OF HURON VALLEY
    1600 WASHINGTON HEIGHTS
    ANN ARBOR,MI48104     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 35,000
    SHELTER ASSOCIATION OF WASHTENAW COUNTY
    312 W HURON STREET
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 175,000
    SOS COMMUNITY SERVICES
    101 SOUTH HURON
    YPSILANTI,MI48197     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 60,000
    SOUTHEAST MICHIGAN LAND CONSERVANCY
    8383 VREELAND ROAD
    YPSILANTI,MI48198     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 25,000
    ST LOUIS CENTER FOR EXCEPTIONAL CHILDREN - GENERAL OPERATING
    16195 OLD US 12
    CHELSEA,MI48118     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 150,000
    ST JOSEPH MERCY HOME CARE AND HOSPICE
    17410 COLLEGE PARKWAY STE 200
    LIVONIA,MI48152     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    THERAPEUTIC RIDING INC
    3425 EAST MORGAN ROAD
    ANN ARBOR,MI48108     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 35,000
    TIP OF THE MITT WATERSHED COUNCIL
    426 BAY STREET
    PETOSKEY,MI49770     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 25,000
    TRAIL'S END WILDLIFE REFUGE INC
    3962 N CARDINAL CREST
    MARTINSVILLE,IN46151     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 36,000
    UMRC FOUNDATION
    805 WEST MIDDLE STREET SUITE 4
    CHELSEA,MI48118     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 1,250,000
    UNIVERSITY MUSICAL SOCIETY
    BURTON MEMORIAL TOWER 881 N
    UNIVERSITY AVE
    ANN ARBOR,MI48109     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 100,000
    WASHTENAW COUNTY HISTORICAL SOCIETY
    PO BOX 3336
    ANN ARBOR,MI48106     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 5,000
    WASHTENAW HOUSING ALLIANCE
    PO BOX 7993
    ANN ARBOR,MI48107     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 70,000
    WASHTENAW LITERACY
    5577 WHITTAKER ROAD
    YPSILANTI,MI48197     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 55,000
    YPSILANTI MEALS ON WHEELS
    1110 W CROSS
    YPSILANTI,MI48197     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 40,000
    ANN ARBOR SUMMER FESTIVAL
    210 HURONVIEW BLVD STE 1
    ANN ARBOR,MI48103     		N/A PUBLIC CHARITY USE CONSISTENT W 501(C)(3) STATUS 30,000
    FISHER HOUSE MICHIGANBUILD IT FOR THE BRAVE INC
    3250 PLYMOUTH ROAD STE 103
    ANN ARBOR,MI48105     		N/A PUBLIC CHARITY USE CONSISTENT W/501(C)(3) STATUS 30,000
    HURON PHYSICAL FITNESS HEALTH & SPORTS FOUNDATION INC
    14800 EAST OLD US 12
    CHELSEA,MI48118     		N/A PUBLIC CHARITY USE CONSISTENT W 501(C)(3) STATUS 60,000
    Total .................................bullet 3a 4,849,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,643  
    4 Dividends and interest from securities....     18 1,188,937  
    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 4,249,658  
    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 5,441,238 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,441,238
    (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 InvestmentsCorpStockSchedule
    Name:
    DUFFY FOUNDATION
     
    ERIK H SERR
    EIN:
    38-2908719
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALTRIA GROUP INC. 13,184 172,865
    AMERICAN MOVIL SAB 57,735 213,750
    ARCHER-DANIELS-MIDLAND CO 52,475 204,850
    AT&T 31,822 352,983
    BANK OF AMERICA 308,473 492,800
    BOEING CO 97,962 1,331,280
    CHEVRON CORPORATION 307,440 761,530
    CISCO SYSTEMS INC. 66,356 162,488
    CMS ENERGY CORP 26,281 74,475
    COCA COLA COMPANY 151,563 236,750
    COMCAST CORP NEW 63,760 1,021,500
    DISNEY WALT COMPANY 51,385 164,475
    DOWDUPONT INC 1,073,339 1,667,827
    EXELON CORPORATION 124,952 1,127,500
    EXXON MOBIL CORP 612,500 954,660
    GENERAL ELECTRIC CO 63,138 37,850
    HERSHEY COMPANY 157,734 535,900
    HONEYWELL INTL INC 64,680 287,361
    HSBC HOLDINGS PLC SPON ADR 36,520 127,688
    INTEL CORP 235,675 458,741
    INTERNATIONAL BUSINESS MACHINE CORP 405,475 568,350
    JOHNSON & JOHNSON 111,519 3,226,250
    JP MORGAN CHASE & CO 513,405 1,654,659
    KELLOGG COMPANY 265,625 570,100
    KRAFT FOODS GROUP 21,146 57,372
    MASCO CORP 218,320 292,400
    MERCK & CO INC NEW 350,505 764,100
    METLIFE INC 19,328 30,795
    MICROSOFT CORP 793,542 3,047,100
    MOODY'S CORP 30,792 560,160
    PEPSICO INC 240,324 1,104,800
    PHILLIPS 66 28,711 64,613
    PROCTER & GAMBLE CO 112,167 919,200
    PRUDENTIAL FINANCIAL INC 123,558 203,875
    RAYTHEON COMPANY 94,705 490,720
    ROCKWELL AUTOMATION INC 13,687 902,880
    SPDR S&P 500 886,753 2,068,088
    TCF FINANCIAL CORP 13,716 292,350
    TYSON FOODS INC CLS A 82,803 267,000
    VANGUARD ENERGY 400,201 385,550
    VANGUARD INFORMATION TECHNOLOGY 137,364 333,660
    VODAFONE GROUP PLC NEW 67,272 157,730
    WASTE MGMT INC DEL 90,721 444,950
    WELLS FARGO COMPANY 243,219 368,640
    ZIMMER HOLDINGS INC 14,373 215,738
    3M CO 413,438 1,333,780
    CAPITAL WORLD GROWTH & INCOME FD 326,862 360,091
    FUNDAMENTAL INVS INC, CLS A 501,929 638,384
    GROWTH FUND OF AMERICA, CLS A 507,442 641,689
    NEW ECONOMY FUND CLS A 490,818 500,830
    BLACKROCK ENHANCED CAPITAL AND INCOME FD 295,279 284,825
    BLACKROCK ENHANCED EQUITY DIVIDEND TRUST 276,946 275,617
    JOHN HANCOCK HEDGED EQUITY & INCOME FD 299,726 231,779
    TJX CO INC 30,787 91,628
    COSTCO WHSL CORP NEW 14,845 64,576
    CHEVRON CORPORATION 10,023 28,721
    EXXON MOBIL CORP 40,262 58,371
    STRYKER CORP 11,824 68,343
    THERMO FISHER SCIENTIFIC INC 44,538 77,431
    DANAHER CORP 15,476 58,778
    APPLE INC 11,588 83,287
    VISA INC CLS A 44,013 107,135
    MFS SER TECHNOLOGY FD 1,669,205 1,834,854
    SELECT SECTOR SPDR CONSUMER DISC 99,860 129,010
    JP MORGAN CHASE & CO 60,341 91,177
    ALPHABET INC, CLS A 77,548 151,519
    DRIEHAUS EMERGING MKTS GROWTH 166,234 163,579
    OAKMARK INTL FD 330,024 273,443
    OPPENHEIMER INTL GROWTH 304,251 276,522
    APPLE INC 192,392 315,480
    S&P GLOBAL INC SPGI 170,531 1,019,640
    SELECT SECTOR TR REAL ESTATE 45,277 43,121
    SELECT SECTOR SPDR TR FINANCIAL 213,391 238,200
    MFS GROWTH CLS A 247,971 291,232
    HOME DEPOT INC 58,330 80,927
    STARBUCKS CORP 73,886 80,951
    PIONEER NAT RES CO 33,983 28,803
    BERKSHIRE HATHAWAY INC 40,872 54,516
    SUNTRUST BANKS INC 56,295 64,462
    EDWARDS LIFESCIENCES CORP 49,260 79,036
    ELI LILLY & CO 32,912 51,495
    EQUIFAX INC 40,568 34,365
    FEDEX CORP 51,551 51,464
    NORTHROP GRUMMAN CORP 50,209 67,103
    FACEBOOK 61,948 68,691
    AON PLC 51,414 69,627
    VICTORY SYCAMORE ESTABLISHED VALUE 328,443 338,687
    FEDERATED CLOVER SMALL VALUE 134,544 95,446
    JP MORGAN US SMALL COMPANY 185,691 162,672
    BLACKROCK HEALTH SCIENCES OPP PORT 1,005,487 958,813
    CVS HEALTH CORP 59,362 54,251
    BANK OF AMERICA 50,816 50,956
    CELGENE CORP 54,042 28,392
    CUMMINS INC 51,985 47,442
    ADOBE SYS INC 65,040 77,600
    MICROSOFT CORP 77,190 106,141
    CARILLON EAGLE SMALL CAP GROWTH CLS I 133,149 108,422
    AMER BALANCED FD CL A 184,808 166,646
    AMAZON.COM INC 55,136 48,063
    ESTEE LAUDER COS INC CLS A 47,477 43,584
    MONSTER BEVERAGE CORP 51,386 49,269
    PROCTER & GAMBLE CO 62,965 66,366
    DIAMONDBACK ENERGY INC 50,880 39,861
    BLACKROCK INC 85,123 61,673
    PROGRESSIVE CORP 63,645 60,692
    SCHWAB CHARLES CORP 54,141 50,874
    BIOGEN INC 41,187 39,120
    REGENERON PHARMACEUTICALS INC 37,759 36,977
    DOVER CORP 41,846 37,178
    FASTENAL CO 40,346 42,198
    GENERAL DYNAMICS CORP 38,657 32,071
    ANALOG DEVICES INC 49,737 45,318
    COGNIZANT TECH SOLUTIONS CORP 62,265 54,783
    GLOBAL PAYMENTS INC 44,257 40,736
    SALESFORCE.COM INC 73,064 75,744
    AIR PRODS & CHEMS INC 33,358 32,010
    MARTIN MARIETTA MATERIALS INC 44,682 48,811
    SELECT SECTOR SPDR TR UTILS 30,542 32,334
    CHECK POINT SOFTWARE TECH LTD 65,168 60,256
    BOSTON PARTNERS ALL CAP VALUE INSTL FD 304,713 258,977
    JANUS HENDERSON ENTERPRISE 228,459 280,218
    VANGUARD VALUE ETF 287,587 269,167

    TY 2018 LegalFeesSchedule
    Name:
    DUFFY FOUNDATION
     
    ERIK H SERR
    EIN:
    38-2908719
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MILLER, CANFIELD, PADDOCK & STONE, PLC 48,965 24,483 0 24,482


    TY 2018 OtherAssetsSchedule
    Name:
    DUFFY FOUNDATION
     
    ERIK H SERR
    EIN:
    38-2908719
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CALL CHEVRON CORP   -15,057 -2,850
    CALL EXXON MOBIL CORP   -13,806 -1,200
    CALL MERCK & CO INC   -8,582 -22,125
    CALL MICROSOFT CORP   -43,664 -18,400


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    DUFFY FOUNDATION
     
    ERIK H SERR
    EIN:
    38-2908719
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OLD NATIONAL INVESTMENT MGMT FEES 41,093 41,093 0 0
    CONSULTING FEES 30,000 15,000 0 15,000


    TY 2018 TaxesSchedule
    Name:
    DUFFY FOUNDATION
     
    ERIK H SERR
    EIN:
    38-2908719
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIRST CLEARING LLC - FOREIGN TAX W/H 286 0 0 0
    EXCISE TAX 46,250 0 0 0