Form990-PF
Click to see attachment

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
WILLIAMS-CORBETT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 50340
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA BARBARA, CA93150
A Employer identification number

77-6150330
B Telephone number (see instructions)

(805) 884-4334
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$19,682,743J 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) 848,314
2 Check bullet.............
3 Interest on savings and temporary cash investments 109,869 109,869 109,869
4 Dividends and interest from securities... 415,610 415,610 415,610
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 190,633
b Gross sales price for all assets on line 6a 4,252,879
7 Capital gain net income (from Part IV, line 2)... 190,633
8 Net short-term capital gain......... 1,763
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 39,615    
12 Total. Add lines 1 through 11........ 1,604,041 716,112 527,242
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,199 6,199    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 44,543 44,543    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 125,709 125,709    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 176,451 176,451   0
25 Contributions, gifts, grants paid....... 860,013 860,013
26 Total expenses and disbursements. Add lines 24 and 25 1,036,464 176,451   860,013
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 567,577
b Net investment income (if negative, enter -0-) 539,661
c Adjusted net income (if negative, enter -0-)... 527,242
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............. 862,817 307,996 307,996
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,852,670 1,790,926 1,759,718
b Investments—corporate stock (attach schedule)....... 6,346,006 7,608,628 7,567,941
c Investments—corporate bonds (attach schedule)....... 4,620,333 4,912,903 5,137,948
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,308,960 3,937,910 4,909,140
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,990,786 18,558,363 19,682,743
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
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 17,990,786 18,558,363
30 Total net assets or fund balances (see instructions)..... 17,990,786 18,558,363
31 Total liabilities and net assets/fund balances (see instructions). 17,990,786 18,558,363
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
17,990,786
2
Enter amount from Part I, line 27a .....................
2
567,577
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
18,558,363
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
18,558,363
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 1 000569541 - PRIVATE EQUITY CORE FUND (QP) III, LP P 2017-07-12 2018-01-24
b 1,324.000 000569541 - PRIVATE EQUITY CORE FUND (QP) III, LP P 2018-01-24 2018-01-24
c 50,000.000 0258M0DK2 - AMERICAN EXPRESS CREDIT CORP 2.125% DUE 03-18-2019 REG P 2017-03-22 2018-11-02
d 75,000.000 037833AR1 - APPLE INC 2.85% DUE 05-06-2021 REG P 2015-05-04 2018-12-07
e 40,000.000 039483BL5 - ARCHER-DANIELS MIDLAND CO 2.5% DUE 08-11-2026/08-11-2016 REG P 2016-08-09 2018-08-23
40,000.000 14913Q2J7 - CATERPILLAR FINL SVCS CORP MEDIUM TERM NTS BOOK ENTRY 2.95% DUE 05-15-2020 RE P 2018-05-09 2018-09-04
40,000.000 20030NBN0 - COMCAST CORP NEW 3.375% DUE 08-15-2025/05-27-2015 REG P 2016-02-24 2018-10-03
40,000.000 20030NBW0 - COMCAST CORP NEW 2.35% DUE 01-15-2027/07-19-2016 REG P 2016-07-14 2018-10-03
35,000.000 20826FAE6 - CONOCOPHILLIPS CO 2.875% DUE 11-15-2021/11-12-2014 REG P 2015-05-04 2018-01-22
60,000.000 21688AAE2 - COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEEN BK B A RADO BK NEDERLAND N Y BR P 2015-05-21 2018-01-23
35,000.000 22546QAN7 - CREDIT SUISSE AG NEW YORK BRH MEDIUM TERM SUB NTS BOOK ENTRY 2.3% DUE 05 P 2014-08-14 2018-05-10
25,000.000 26884ABJ1 - ERP OPER LTD PARTNERSHIP 3.5% DUE 03-01-2028/02-07-2018 REG P 2018-02-20 2018-08-20
60,000.000 36962G6W9 - GENERAL ELEC CAP CORP 1.625% DUE 04-02-2018 P 2014-05-27 2018-04-02
17,000.000 637432LR4 - NATIONAL RURAL UTILS COOP FIN CORP 10.375% DUE 11-01-2018/10-30-2008 REG P 2014-09-03 2018-11-01
8,000.000 637432LR4 - NATIONAL RURAL UTILS COOP FIN CORP 10.375% DUE 11-01-2018/10-30-2008 REG P 2014-09-03 2018-07-12
30,000.000 68389XAQ8 - ORACLE CORP 2.375% DUE 01-15-2019 REG P 2014-05-27 2018-07-25
35,000.000 717081DX8 - PFIZER INC 1.95% DUE 06-03-2021 REG P 2016-05-31 2018-09-19
25,000.000 882508BA1 - TEXAS INSTRS INC 1.85% DUE 05-15-2022/05-06-2016 REG P 2016-09-23 2018-11-08
50,000.000 912828A75 - UNITED STATES TREAS NTS 1.5% 12-31-2018 P 2014-01-29 2018-12-31
25,000.000 912828J68 - UNITED STATES TREAS NTS 1.0% DUE 03-15-2018 P 2016-10-05 2018-03-15
25,000.000 912828K25 - UNITED STATES OF AMER TREAS NOTES 0.75% DUE 04-15-2018 P 2015-05-04 2018-04-16
50,000.000 912828K82 - UNITED STATES TREAS NTS DTD 08/15/2015 1.0% DUE 08-15-2018 REG P 2015-08-18 2018-08-15
25,000.000 912828RH5 - UNITED STATES TREAS NTS DTD 00368 1.375%DUE 09-30-2018 REG P 2013-10-17 2018-10-01
25,000.000 912828VQ0 - UNITED STATES TREAS NTS DTD 00471 1.375%DUE 07-31-2018 REG P 2013-08-20 2018-07-31
25,000.000 912828WD8 - UNITED STATES TREAS NTS 1.25% DUE 10-31-2018 P 2013-11-05 2018-10-31
75,000.000 912828XA3 - UNITED STATES TREAS NTS DTD 05/15/2015 1.0% DUE 05-15-2018 REG P 2016-07-14 2018-05-15
75,000.000 912828XF2 - UNITED STATES TREAS NTS DTD 06/15/2015 1.125% DUE 06-15-2018 REG P 2015-06-30 2018-06-15
50,000.000 912828Y46 - UNITED STATES TREAS NTS 2.625% DUE 07-31-2020 REG P 2018-08-23 2018-12-26
20,000.000 91324PDH2 - UNITEDHEALTH GROUP INC 3.15% 06-15-2021 P 2018-06-14 2018-12-13
50,454.090 ADAIX - MFO AQR DIVERSIFIED ARB-I P 2015-10-19 2018-10-22
27,056.280 ADAIX - MFO AQR DIVERSIFIED ARB-I P 2017-01-04 2018-10-22
10,909.090 DFEVX - MFO DFA EMERGING MARKETS VALUE P 2013-04-22 2018-10-22
8,431.700 DFIVX - MFO DIMENSIONAL FD ADVISORS INTL VALUE PORTFOLIO P 2013-05-28 2018-10-22
19,284.490 DFIVX - MFO DIMENSIONAL FD ADVISORS INTL VALUE PORTFOLIO P 2012-10-31 2018-10-22
331.93 DFREX - MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE SECS PORTFOLIO P 2016-12-14 2018-01-03
5,966.590 DFREX - MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE SECS PORTFOLIO P 2013-04-22 2018-10-22
2,517.070 DFREX - MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE SECS PORTFOLIO P 2013-04-22 2018-01-03
4,422.000 GUNR - MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD P 2013-04-22 2018-01-03
2,398.000 IWN - MFC ISHARES TR RUSSELL 2000 VALUE ETF P 2017-02-01 2018-04-26
60,000.000 MTN1 - ROYAL BANK OF CANADA 2.15% DUE 03-15-2019 REG P 2014-05-27 2018-11-08
40,000.000 MTN1 - BNP PARIBAS TRANCHE # TR 143 3.25% 03-03-2023 P 2013-02-25 2018-01-23
2,755.950 NHFIX - MFB NORTHERN HIGH YIELD FIXED INCOME FUND P 2010-02-26 2018-01-03
38,136.790 NHFIX - MFB NORTHERN HIGH YIELD FIXED INCOME FUND P 2016-02-02 2018-01-03
45,937.940 NHFIX - MFB NORTHERN HIGH YIELD FIXED INCOME FUND P 2009-10-22 2018-01-03
25,000.000 BP CAP MKTS P L C 3.119% DUE 05-04-2026 P 2016-08-23 2018-12-14
MAKENA CAPITAL P 2018-01-01 2018-01-01
MAKENA CAPITAL P 2001-01-01 2018-01-01
PRIVATE EQUITY CORE FUND III P 2018-01-01 2018-01-01
PRIVATE EQUITY CORE FUND III P 2001-01-01 2018-01-01
MAKENA CAPITAL P 2001-01-01 2018-01-01
CAPITAL GAIN DISTRIBUTIONS P 2001-01-01 2018-01-01
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1   1  
b 1,324   1,324  
c 49,847   50,318 -471
d 74,501   77,490 -2,989
e 37,063   40,152 -3,089
40,005   39,992 13
38,624   41,804 -3,180
35,257   39,985 -4,728
35,841   35,908 -67
60,804   60,308 496
34,844   35,085 -241
24,507   24,530 -23
60,000   60,408 -408
17,000   22,677 -5,677
8,189   10,672 -2,483
29,987   30,765 -778
34,031   34,949 -918
23,708   25,087 -1,379
50,000   50,010 -10
25,000   25,080 -80
25,000   25,000  
50,000   49,916 84
25,000   25,053 -53
25,000   24,785 215
25,000   24,846 154
75,000   75,422 -422
75,000   75,276 -276
49,977   50,012 -35
19,877   19,989 -112
478,305   500,000 -21,695
256,494   250,000 6,494
300,000   316,909 -16,909
152,108   150,000 2,108
347,892   303,152 44,740
11,651   11,143 508
200,000   176,253 23,747
88,349   74,354 13,995
150,208   145,838 4,370
301,262   282,061 19,201
59,865   60,650 -785
40,411   39,716 695
19,044   19,071 -27
263,525   239,118 24,407
317,431   315,134 2,297
25,025   26,065 -1,040
1,671     1,671
118,596     118,596
249     249
29,587     29,587
    75,938 -75,938
40,819     40,819
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b        
c       -471
d       -2,989
e       -3,089
      13
      -3,180
      -4,728
      -67
      496
      -241
      -23
      -408
      -5,677
      -2,483
      -778
      -918
      -1,379
      -10
      -80
       
      84
      -53
      215
      154
      -422
      -276
      -35
      -112
      -21,695
      6,494
      -16,909
      2,108
      44,740
      508
      23,747
      13,995
      4,370
      19,201
      -785
      695
      -27
      24,407
      2,297
      -1,040
      1,671
      118,596
      249
      29,587
      -75,938
      40,819
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 2 190,633
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 1,763
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 830,497 19,452,767 0.04269
2016 1,126,893 18,388,152 0.06128
2015 1,140,842 18,476,485 0.06175
2014 1,111,260 18,000,644 0.06173
2013 993,690 17,081,957 0.05817
2
Total of line 1, column (d) .....................
2
0.285629
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
0.057126
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
20,659,515
5
Multiply line 4 by line 3......................
5
1,180,195
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,397
7
Add lines 5 and 6........................
7
1,185,592
8
Enter qualifying distributions from Part XII, line 4,.............
8
860,013
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 10,793
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  
3 Add lines 1 and 2........................... 3 10,793
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,793
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 10,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 98
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 9,109
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet9,109 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
 
No
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)
    bulletCA
    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 ofbulletNORTHERN TRUST CO Telephone no.bullet (805) 884-4334

    Located atbulletPO BOX 22107SANTA BARBARACA ZIP+4bullet93121
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    A CARNEROS Trustee
    2.00     		0    
    PO BOX 22107
    SANTA BARBARA,CA93121
    AJ CARNEROS Trustee
    2.00     		0    
    PO BOX 22107
    SANTA BARBARA,CA93121
    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  
    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.............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)
    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
    20,680,135
    b
    Average of monthly cash balances.......................
    1b
    293,992
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    20,974,127
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    20,974,127
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    314,612
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    20,659,515
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,032,976
    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
    1,032,976
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    10,793
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,793
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,022,183
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,022,183
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,022,183
    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
    860,013
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    860,013
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    860,013
    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 1,022,183
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 167,828
    b From 2014...... 219,527
    c From 2015...... 233,630
    d From 2016...... 221,465
    e From 2017......  
    fTotal of lines 3a through e........ 842,450
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 860,013
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 860,013
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018. 162,170 162,170
    (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 5 680,280
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		5,658
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		674,622
    10 Analysis of line 9:
    a Excess from 2014.... 219,527
    b Excess from 2015.... 233,630
    c Excess from 2016.... 221,465
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    William-Corbert Foundation
    1485 East Valley Road
    Montecito,CA93108
    (805) 565-7861
    bThe form in which applications should be submitted and information and materials they should include:
    Currently, there is no application for a grant. A Grant Request Letter is required, preferably on the non-profits letterhead with a list of names of the governing board. The Grant Request Letter shall be no more than three pages and shall be submitted with the following information:1.Name of organization requesting a grant.2.The phone number, name and title of the individual requesting the grant on behalf of the organization.3.Program name and/or purpose of grant.4.A brief explanation of the need for the project and how the grant will be used.5.Requested dollar amount, total cost of the project, and other sources of funding.6.A need by date or payment schedule.7.The expected duration of the project.8.A brief explanation of how this requested grant fulfills the Foundations Mission Statement above.9.The impact on the community served and how the impact will be measured. (For example, if a grant request of a $10,000 enables your organization to offer 10 under privileged youths ten weeks o
    cAny submission deadlines:
    March 15th or September 15th
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Williams-Corbett Foundation may, at its discretion, approve a grant with certain conditions. (Such as for a matching grant, a challenge grant, or a grant awarded for a specified purposes).
    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
    ADVENTURES IN CARING
    1528 CHAPALA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT THE MEDICINE OF COMPASSION PROGRAM 15,000
    CASA
    118 EAST FIGUEROA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT VOLUNTEER-ADVOCATE PROGRAM 12 ADVOCATES 15,000
    CHILDREN'S RESOURCE NETWORK
    PO BOX 454
    PISMO BEACH,CA93448     		UNRELATED N/A FOR GENERAL OPERATING SUPPORT 10,000
    ELINGS PARK FOUNDATION
    1298 LAS POSITAS ROAD
    SANTA BARBARA,CA93105     		UNRELATED N/A FOR NEEDED UPGRADES TO THE PARKS PLAYGROUNDS 8,000
    FOODBANK OF SANTA BARBARA COUNTY
    1525 STATE STREET SUITE 100
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT FOOD SECURE COMMUNITY FOR CHILDREN 10,000
    GIRLS INC OF GREATER SANTA BARBARA
    531 EAST ORTEGA STREET
    SANTA BARBARA,CA93103     		UNRELATED N/A TO UPGRADE TECHNOLOGY AND INFRASTRUCTURE 20,000
    NEW HOUSE
    2434 BATH STREET
    SANTA BARBARA,CA93105     		UNRELATED N/A TO PROVIDE SCHOLARSHIPS TO 30-40 MEN 20,000
    TRANSITION HOUSE
    425 EAST COTA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A FOR 4-SEAT STROLLERS, SCHOLARSHIP-INFANT CARE CENTER 10,000
    TRANSITIONS-MENTAL HEALTH ASSOCIATI
    784 HIGH STREET
    SAN LUIS OBISPO,CA93401     		UNRELATED N/A FUNDING GROWING GROUNDS ENTERPRISES (FORMERLY GG VOC/ADV/PRGM) 8,000
    BOYS GIRLS CLUBS OF SB
    632 EAST CANON PERDIDO STREET
    SANTA BARBARA,CA93103     		UNRELATED N/A TO PROVIDE NEW COMPUTERS AND TECHNOLOGICAL SUPPORT FOR SCIENCE STEM LEARNING CENTER 20,000
    GIRLS ROCK SANTA BARBARA
    1 NORTH CALLE CESAR CHAVEZ
    SANTA BARBARA,CA93103     		UNRELATED N/A TO HELP SUPPORT AFTER SCHOOL MUSIC AND ART EDUCATION PROGRAM 10,000
    NEW BEGINNINGS COUNSELING CENTER
    324 EAST CARRILLO STREET C
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT SUPPORTIVE SERVICES FOR VETERAN FAMILIES 10,000
    SARAH HOUSE
    2612 MODOC ROAD
    SANTA BARBARA,CA93105     		UNRELATED N/A TO FUND 80 DAYS OF CARE FOR ONE RESIDENT 10,000
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET SUITE 201
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT WHAT IS LOVE TEEN DATING VIOLENCE PREVENTION PROGRAM 15,000
    SANTA BARBARA POLICE ACTIVITIES LEA
    1235 CHAPALA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A FUNDING TEEN LEADERSHIP & WORKFORCE READINESS PROGRAMS 10,000
    SANTA BARBARA RESCUE MISSION
    535 EAST YANONALI STREET
    SANTA BARBARA,CA93103     		UNRELATED N/A TO SUPPORT MISSION OF HOPE CAMPAIGN (PAID OVER 4 YEARS) 25,000
    TEDDY BEAR CANCER FOUNDATION
    3892 STATE STREET 220
    SANTA BARBARA,CA93105     		UNRELATED N/A FUNDING TO SUPPORT THE FAMILY FUND 12,000
    THE ACADEMY FOR SUCCESS
    7266 ALAMEDA AVE
    GOLETA,CA93117     		UNRELATED N/A FOR ACADEMIC SUPPORT AND SOCIAL SERVICES - FISCAL AGENCY OF SANTA BARBARA EDUCATION FOUNDATION 10,000
    WESTMONT COLLEGE
    955 LA PAZ ROAD
    SANTA BARBARA,CA93108     		UNRELATED N/A TO FULLY FUND THE MUSIC COMPOSITION LAB TECHNOLOGY UPGRADE PROJECT 6,850
    WILLIAM SANSUM DIABETES CENTER
    2219 BATH STREET
    SANTA BARBARA,CA93105     		UNRELATED N/A FUNDING TO PURCHASE ONE DCA VANTAGE HEMOGLOBIN A1C ANALYZER 4,144
    CANCER FOUNDATION OF SANTA BARBARA
    601 WEST JUNIPERO STREET
    SANTA BARBARA,CA93105     		UNRELATED N/A GRANT REQUEST TO SUPPORT CONSTRUCTION OF NEW COMPREHENSIVE CANCER CENTER (2ND PAYMENT OF 5 YEAR GRANT) 50,000
    MENTAL WELLNESS CENTER
    617 GARDEN STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT GENERAL OPERATING FUNDS (2ND PAYMENT OF 2 YEAR GRANT) 10,000
    ARTS WITHOUT LIMITS
    816 CHELHAM WAY
    MONTECITO,CA93108     		UNRELATED N/A TO HIRE A TEMPORARY ADMIN ASSISTANT AND COVER REVENUE LOSS FROM THOMAS FIRE AND MUDSLIDES 15,000
    DOS PUEBLOS ENGINEERING ACADEMY
    7266 ALAMEDA AVENUE
    GOLETA,CA93117     		UNRELATED N/A TO SUPPORT TEACHING AND LEARNING MUSEUM 10,000
    GIRL SCOUTS OF CALIFORNIA CENTRAL C
    1500 PALMA DRIVE 110
    VENTURA,CA93003     		UNRELATED N/A TO SUPPORT GIRL SCOUT LEADERSHIP EXPERIENCE PROGRAM 20,000
    JODI HOUSE
    625 CHAPALA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A TOWARDS BRAIN INJURY SUPPORT PROGRAM 11,000
    PATHPOINT
    315 WEST HALEY STREET SUITE 202
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT, MAINTAIN AND REPAIR BEHAVIORIAL HEALTH PROPERTIES 10,000
    PROVIDENCE SBCS
    630 EAST CANON PERDIDO STREET
    SANTA BARBARA,CA93103     		UNRELATED N/A TO FUND THE PURCHASE OF SCIENCE EQUIPMENT FOR THE LOWER SCHOOL 12,263
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET 201
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT SUMMER SCHOOL SCHOLARSHIPS 9,000
    SANTA BARBARA MARITIME MUSEUM
    113 HARBOR WAY 190
    SANTA BARBARA,CA93109     		UNRELATED N/A TO SUPPORT YOUTH EDUCATION PROGRAMS 10,000
    SANTA BARBARA SCHOOL OF SQUASH
    1530 CHAPALA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT GENERAL OPERATIONS 15,000
    THE ARTS FUND
    205 SANTA BARBARA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT TEEN ARTS MENTORSHIP PROGRAM 16,000
    YOUTH INTERACTIVE
    209 ANACAPA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT RESURRECTED BY YOUTH PROGRAM 10,000
    BOY SCOUTS OF AMERICA LOS PADRES
    4000 MODOC ROAD
    SANTA BARBARA,CA93110     		UNRELATED N/A TO SUPPORT EXPLORING PROGRAM 10,000
    HEARTS THERAPEUTIC
    PO BOX 30662
    SANTA BARBARA,CA93130     		UNRELATED N/A TO SUPPORT HORSEPOWER PROGRAM 20,000
    HOPE SCHOOL DISTRICT EDUCATIONAL FO
    3970 LA COLINA ROAD
    SANTA BARBARA,CA93110     		UNRELATED N/A TO HELP SUPPORT VIEJA VALLEY ELEMENTARY SCHOOL KINDERGARTEN YARD SAFETY & CAPITAL IMPROVEMENTS 10,000
    SANTA BARBARA BOTANIC GARDEN
    1212 MISSION CANYON ROAD
    SANTA BARBARA,CA93105     		UNRELATED N/A FUNDING FOR THE PLANT LAB 7,000
    SANTA BARBARA HISTORICAL MUSUEM
    136 EAST DE LA GUERRA
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT AN ADDITIONAL EDUCATOR 12,500
    HILLSIDE HOUSE
    1235 VERONICA SPRINGS ROAD
    SANTA BARBARA,CA93105     		UNRELATED N/A TO PURCHASE CLINICAL FURNITURE 10,000
    INTERFAITH INITIATIVE OF SANTA BARB
    1000 SAN ANTONIO CREEK ROAD
    SANTA BARBARA,CA93111     		UNRELATED N/A TO HELP SUPPORT NEW MOBILE PROJECT 25,000
    ALAN HANCOCK COLLEGE
    800 S COLLEGE DR
    SANTA MARIA,CA93454     		UNRELATED N/A TO SUPPORT THE HANCOCK PROMISE 10,000
    ALLIANCE FOR PHARMACEUTICAL ACCESS
    506 EAST PLAZA DRIVE 5
    SANTA MARIA,CA93454     		UNRELATED n/a TO PROVIDE MEDICATION ACCESS & PATIENT ADVOCACY 6,000
    APPLES TO ZUCCHINI COOKING SCHOOL
    PO BOX 30912
    SANTA BARBARA,CA93130     		UNRELATED N/A TO SUPPORT SUPPLEMENTAL LESSONS PROGRAM 3,850
    BOYS AND GIRLS CLUB OF SANTA MARIA
    901 N RAILROAD AVE
    SANTA BARBARA,CA93458     		UNRELATED N/A TO SUPPORT POWER HOUR 10,000
    CAMERATA PACIFICA
    331 S SALINAS ST
    SANTA BARBARA,CA93103     		UNRELATED N/A TO SUPPORT WHY BEETHOVEN? PANEL DISCUSSIONS WITH SBCC 5,000
    CARING COMPANIONS OF SANTA BARBARA
    5266 HOLLISTER AVE 230
    SANTA BARBARA,CA93111     		UNRELATED N/A TO HELP PROVIDE VEHICLE FOR TRANSPORTATION FOR SENIORS PROGRAM 10,000
    COLD SPRINGS SCHOOL DISTRICT
    2243 SYCAMORE CANYON ROAD
    SANTA BARBARA,CA93108     		UNRELATED N/A TO FUND 14 MACBOOK AIR COMPUTERS 14,168
    CUYAMA VALLEY RECREATION DISTRICT
    4885 PRIMERO ST
    NEW CUYAMA,CA93254     		UNRELATED N/A TO PROVIDE OUT OF SCHOOL TIME YOUTH PROGRAMMING 20,000
    DEVEREUX
    6980 FALBERG WAY
    GOLETA,CA93117     		UNRELATED N/A FOR GENERAL OPERATING SUPPORT FOR 3 PROGRAMS 10,000
    DOMESTIC VIOLENCE SOLUTIONS
    411 E CANON PERDIDO ST
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT ROOF REPAIR FOR SECOND STAGE TRANSITIONAL HOUSING 7,500
    DOS PUELBOS HIGH SCHOOL
    7266 ALAMEDA AVE
    GOLETA,CA93117     		UNRELATED N/A FOR INTERNATIONAL BACCALAUREATE PROGRAM - FISCAL AGENCY OF SANTA BARBARA EDUCATION FOUNDATION 10,000
    DREAM FOUNDATION
    1528 CHAPALA ST 304
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT END-OF-LIFE DREAMS FOR TERMINALLY-ILL ADULTS 13,000
    FOUNDATION FOR GIRSH PARK
    7050 PHELPS ROAD
    GOLETA,CA93117     		UNRELATED N/A TO SUPPORT BASEBALL SAFETY AND MAINTENANCE PROJECT 10,000
    GOLETA VALLEY COTTAGE HOSPITAL
    351 S PATTERSON AVE
    GOLETA,CA93111     		UNRELATED N/A TO PURCHASE 58 VOCERA BADGES (SIMILAR TO SMART PHONES) 21,638
    ISLA VISTA YOUTH PROJECTS
    6842 PHELPS ROAD
    GOLETA,CA93117     		UNRELATED N/A FOR COMPUTERS FOR NEW FAMILY RESOURCE CENTER 10,000
    LITTLE STAR PONY FOUNDATION
    1036 ARBOLADO RD
    SANTA BARBARA,CA93103     		UNRELATED N/A SBHS MAD ACADEMY TO SHOWCASE LITTLE STAR TV SHOW 12,000
    LOS PADRES FOREST WATCH
    PO BOX 831
    SANTA BARBARA,CA93102     		UNRELATED N/A TO HELP SUPPORT THE CONDORS PROJECT 12,500
    NATURETRACK
    PO BOX 953
    LOS OLIVOS,CA93441     		UNRELATED N/A FOR FOSTERING A LIFELONG FASCINATION WITH NATURE 5,000
    NEW CIVIC FORUM
    422 N MILPAS ST 7
    SANTA BARBARA,CA93103     		UNRELATED N/A TO HELP SUPPORT THREE START-UP PROGRAMS 5,000
    PUBLICSQUARE INC
    3463 STATE STREET 229
    SANTA BARBARA,CA93105     		UNRELATED N/A TO SUPPORT STUDENT ENGAGEMENT PROGRAM AND STUDENT FELLOW SCHOLARSHIPS 5,000
    SANTA BARBARA CHANNELKEEPER
    714 BOND AVE
    SANTA BARBARA,CA93103     		UNRELATED N/A FUNDING TO SUPPORT POST-FIRE AND DEBRIS FLOW WATER QUALITY MONITORING PROJECT 5,600
    SANTA BARBARA MIDDLE SCHOOL
    1321 ALAMEDA PADRE SERRA
    SANTA BARBARA,CA93103     		UNRELATED N/A TO RECOVER LOST FUNDING/COSTS DUE TO THOMAS FIRE AND FLOOD 15,000
    SANTA BARBARA MUSEUM OF ART
    1130 STATE ST
    SANTA BARBARA,CA93101     		UNRELATED N/A TO SUPPORT THE HOMEWORK/ARTWORK AFTER SCHOOL PROGRAM 10,000
    SANTA BARBARA PARTNERS IN EDUCATION
    3970 LA COLINA ROAD 9
    SANTA BARBARA,CA93110     		UNRELATED N/A FUNDING PAID STUDENT INTERNSHIP PROGRAM 10,000
    SBHS COMPUTER SCIENCE ACADEMY
    700 E ANAPAMU STREET
    SANTA BARBARA,CA93103     		UNRELATED N/A FOR CAPITAL SUPPORT TO PURCHASE 6 NEW COMPUTERS FOR COMPUTER LAB 15,000
    SOUTH COAST COMMUNITY MEDIA ACCESS
    329 S SALINAS STREET
    SANTA BARBARA,CA93103     		UNRELATED N/A FUNDING TO SUPPORT EXPANSION OF YOUTH MEDIA LITERACY AND VOCATIONAL EDUCATION/TRAINING PROGRAM 10,000
    STORYTELLER CHILDRENS CENTER
    2115 STATE STREET
    SANTA BARBARA,CA93105     		UNRELATED N/A TO SUPPORT ADVERSE CHILDHOOD EXPERIENCES (ACES) TRAINING 20,000
    TEACHERS FUND
    1250 COAST VILLAGE ROAD A
    SANTA BARBARA,CA93108     		UNRELATED N/A FOR LOST ASSETS FROM THE THOMAS FIRE AND MONTECITO MUDSLIDE DISASTERS 10,000
    PARTNERS IN HOUSING SOLUTIONS
    425 E COTA STREET
    SANTA BARBARA,CA93101     		UNRELATED N/A START UP FUNDING FOR THIRD YEAR - FISCAL AGENCY OF TRANSITION HOUSE 10,000
    VEGGIE RESCUE
    PO BOX 1651
    SANTA YNEZ,CA93460     		UNRELATED N/A TO SUPPORT EXPANSION INTO LOMPOC FOOD RECOVERY AND DISTRIBUTION 12,000
    Total .................................bullet 3a 860,013
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 109,869  
    4 Dividends and interest from securities....     14 415,610  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 39,615  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 190,633  
    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)..   755,727  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    755,727
    (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: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    WILLIAMS-CORBETT FOUNDATION
     
    Employer identification number

    77-6150330
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    WILLIAMS-CORBETT FOUNDATION
          		Employer identification number
    77-6150330
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CORBETT CHARITABLE LEAD TRUST  
    PO BOX 5655
     
    SANTA BARBARA, CA93150

    		$ 848,314


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    WILLIAMS-CORBETT FOUNDATION
          		Employer identification number

    77-6150330
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    WILLIAMS-CORBETT FOUNDATION
          		Employer identification number

    77-6150330
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1

    TY 2018 AccountingFeesSchedule
    Name:
    WILLIAMS-CORBETT FOUNDATION
    EIN:
    77-6150330
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING/TAX PREP FEES 6,199 6,199 0 0

    TY 2018 OtherExpensesSchedule
    Name:
    WILLIAMS-CORBETT FOUNDATION
    EIN:
    77-6150330
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 84,945 84,945    
    K-1 EXPENSES 40,764 40,764    


    TY 2018 OtherIncomeSchedule2
    Name:
    WILLIAMS-CORBETT FOUNDATION
    EIN:
    77-6150330
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 39,615    


    TY 2018 TaxesSchedule
    Name:
    WILLIAMS-CORBETT FOUNDATION
    EIN:
    77-6150330
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 31,919 31,919    
    FOREIGN TAXES PAID 12,624 12,624