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
LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

38-6725549
B Telephone number (see instructions)

(800) 496-2583
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$28,301,946J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 516,893 516,551  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,492,326
b Gross sales price for all assets on line 6a 10,223,634
7 Capital gain net income (from Part IV, line 2)... 2,492,326
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 51,158 51,158  
12 Total. Add lines 1 through 11........ 3,060,377 3,060,035  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 133,632 80,179   53,453
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 7,249 7,249   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 48,711 8,711   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 45 45    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 189,637 96,184 0 53,453
25 Contributions, gifts, grants paid....... 1,448,094 1,448,094
26 Total expenses and disbursements. Add lines 24 and 25 1,637,731 96,184 0 1,501,547
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,422,646
b Net investment income (if negative, enter -0-) 2,963,851
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............. 517,249 956,137 956,137
2 Savings and temporary cash investments......... 1,748,116 275,307 275,307
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 11,806,168 Click to see attachment12,147,448 14,098,976
c Investments—corporate bonds (attach schedule)....... 4,257,507 Click to see attachment4,929,906 4,877,769
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,885,788 Click to see attachment6,267,171 8,093,757
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) 23,214,828 24,575,969 28,301,946
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........ 23,214,828 24,575,969
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)..... 23,214,828 24,575,969
31 Total liabilities and net assets/fund balances (see instructions). 23,214,828 24,575,969
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
23,214,828
2
Enter amount from Part I, line 27a .....................
2
1,422,646
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
28,392
4
Add lines 1, 2, and 3 ..........................
4
24,665,866
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
89,897
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
24,575,969
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 25. PACCAR INC   2015-01-05 2018-01-09
b 25. PROGRESSIVE CORP OHIO   2014-06-24 2018-01-09
c 50. PACCAR INC     2018-01-10
d 25. PACCAR INC   2014-06-19 2018-01-10
e 50. PROGRESSIVE CORP OHIO   2014-05-14 2018-01-10
50. PACCAR INC     2018-01-11
25. PROGRESSIVE CORP OHIO   2014-05-14 2018-01-11
25. PROGRESSIVE CORP OHIO   2014-05-14 2018-01-12
50. MICROSOFT CORP   2012-01-18 2018-01-17
25. ACCENTURE PLC   2012-01-18 2018-01-17
1226.347 BLACKSTONE PARTNERS OFFSHORE FUND LTD. CLASS H2 - NEW ISSUES     2018-02-06
14990.883 T ROWE PR EMERG MKTS BND-I   2016-07-18 2018-02-08
19477.778 T ROWE PR EMERG MKTS BND-I   2017-03-24 2018-02-08
7018.986 OCH-ZIFF OZOFII PRIVATE INVESTORS     2018-02-14
225. COMCAST CORP NEW CL A     2018-02-28
25. TWENTY-FIRST CENTURY FOX-A   2016-01-27 2018-02-28
75. COMCAST CORP NEW CL A   2015-02-09 2018-03-01
50. TWENTY-FIRST CENTURY FOX-A   2016-01-22 2018-03-01
200. TWENTY-FIRST CENTURY FOX-A     2018-03-02
200. MICROSOFT CORP   2012-01-18 2018-04-02
175. MICROSOFT CORP   2012-01-18 2018-04-03
25. PROGRESSIVE CORP OHIO   2014-05-14 2018-04-06
25. PROGRESSIVE CORP OHIO   2014-05-14 2018-04-09
25. PROGRESSIVE CORP OHIO   2014-06-25 2018-04-10
25. PROGRESSIVE CORP OHIO   2014-06-25 2018-04-11
50. PROGRESSIVE CORP OHIO   2014-06-25 2018-04-12
20. TE CONNECTIVITY LTD   2012-01-18 2018-05-01
20. TE CONNECTIVITY LTD   2012-01-18 2018-05-02
25. TE CONNECTIVITY LTD   2012-01-18 2018-05-03
20. TE CONNECTIVITY LTD   2012-01-18 2018-05-04
20. TE CONNECTIVITY LTD   2012-01-18 2018-05-07
20. TE CONNECTIVITY LTD   2012-01-18 2018-05-08
30. TE CONNECTIVITY LTD   2012-01-18 2018-05-09
35. TE CONNECTIVITY LTD   2012-01-18 2018-05-10
25. TE CONNECTIVITY LTD   2012-01-18 2018-05-11
40. PROGRESSIVE CORP OHIO   2014-05-13 2018-05-22
25. PROGRESSIVE CORP OHIO     2018-05-22
25. UNITEDHEALTH GROUP INC   2014-01-17 2018-05-22
20. ACCENTURE PLC   2012-01-18 2018-05-22
35. UNITEDHEALTH GROUP INC   2013-10-08 2018-05-23
30. ACCENTURE PLC   2012-01-18 2018-05-23
25. UNITEDHEALTH GROUP INC     2018-05-24
25. ACCENTURE PLC   2012-01-18 2018-05-24
7234.522 ARTISAN INTL VALUE FD-INS   2010-06-08 2018-06-07
7635.708 CAPITAL GR NON US EQUITY   2014-01-30 2018-06-07
1000. ISHARES MISCI EAFE INDEX FUND   2014-08-29 2018-06-07
1500. ISHARES MISCI EAFE INDEX FUND   2014-08-29 2018-06-07
816. ISHARES MISCI EAFE INDEX FUND     2018-06-08
600. COMCAST CORP NEW CL A     2018-06-20
100. COMCAST CORP NEW CL A   2014-07-16 2018-06-20
125. COMCAST CORP NEW CL A   2014-07-23 2018-06-21
300. COMCAST CORP NEW CL A     2018-06-21
75. COMCAST CORP NEW CL A   2014-07-18 2018-06-21
125. COMCAST CORP NEW CL A     2018-06-22
75. COMCAST CORP NEW CL A   2014-07-21 2018-06-22
150. COMCAST CORP NEW CL A   2014-07-21 2018-06-22
97179.85 BLACKSTONE PARTNERS OFFSHORE   2011-02-28 2018-07-03
5. PROGRESSIVE CORP OHIO   2014-05-02 2018-07-12
45. PROGRESSIVE CORP OHIO   2014-05-02 2018-07-12
25. PROGRESSIVE CORP OHIO   2014-05-02 2018-07-13
15. PROGRESSIVE CORP OHIO   2014-05-02 2018-07-16
20. PROGRESSIVE CORP OHIO   2014-05-02 2018-07-17
65. PROGRESSIVE CORP OHIO     2018-07-17
175. PROGRESSIVE CORP OHIO     2018-07-18
45. PROGRESSIVE CORP OHIO   2014-05-06 2018-07-19
25. PROGRESSIVE CORP OHIO   2014-05-06 2018-07-20
50. PROGRESSIVE CORP OHIO     2018-07-24
15. TJX COS INC NEW   2017-02-15 2018-07-24
70. PROGRESSIVE CORP OHIO     2018-07-25
50. TJX COS INC NEW     2018-07-25
50. PROGRESSIVE CORP OHIO     2018-07-26
35. PROGRESSIVE CORP OHIO   2014-04-30 2018-07-26
25. TJX COS INC NEW   2017-02-14 2018-07-26
60. PROGRESSIVE CORP OHIO     2018-07-27
10. TJX COS INC NEW   2017-02-14 2018-07-27
50. PROGRESSIVE CORP OHIO   2014-04-30 2018-07-30
25. TJX COS INC NEW   2017-02-16 2018-07-30
50. PROGRESSIVE CORP OHIO   2014-04-29 2018-07-31
40. TJX COS INC NEW     2018-07-31
30. TJX COS INC NEW     2018-08-01
45. TJX COS INC NEW     2018-08-02
579. ISHARES MISCI EAFE INDEX FUND   2016-02-11 2018-08-14
171.602 ATLAS GLOBAL INVESTMENTS, LTD. CLASS D - NEW ISSUES INELIGIBLE   2011-12-30 2018-08-28
7424.274 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070   2013-05-01 2018-10-01
3872. VANGUARD BD INDEX FD INC     2018-10-01
47. GARRETT MOTION INC     2018-10-02
30. AETNA INC NEW   2018-04-10 2018-10-08
10. AETNA INC NEW   2018-04-09 2018-10-09
60. AETNA INC NEW     2018-10-10
30. AETNA INC NEW     2018-10-16
55. AETNA INC NEW     2018-10-17
14090.011 DODGE & INTERNATIONAL STOCK FUND   2011-01-25 2018-10-17
30. TJX COS INC NEW   2017-02-16 2018-10-19
50. TJX COS INC NEW     2018-10-22
. GARRETT MOTION INC     2018-10-23
70. TJX COS INC NEW     2018-10-23
79. RESIDEO TECHNOLOGIES INC     2018-10-30
. RESIDEO TECHNOLOGIES INC     2018-11-19
20. NUTRIEN LTD   2013-05-16 2018-11-28
10. NUTRIEN LTD   2013-05-16 2018-11-28
10. NUTRIEN LTD   2013-05-09 2018-11-29
10. NUTRIEN LTD   2013-05-09 2018-11-29
20. NUTRIEN LTD   2013-05-08 2018-11-30
20. NUTRIEN LTD   2013-05-15 2018-12-03
25. NUTRIEN LTD     2018-12-04
5277.919 DODGE & COX INCOME FUND     2018-12-13
20012.759 BROWN ADV JAPAN ALPHA OPP-IS     2018-12-28
7764.603 FIDELITY 500 INDEX FD-AI     2018-12-28
7994.644 HARTFORD CAPITAL APPREC-F   2012-07-18 2018-12-28
30614.7 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070     2018-12-28
2531. SPDR TR UNIT SER 1   2017-12-21 2018-12-28
600. VANGUARD BD INDEX FD INC   2018-06-07 2018-12-28
586. VANGUARD BD INDEX FD INC   2018-06-07 2018-12-28
1. BLACKSTONE GSO PRIVATE INVESTORS, L.P. (OFFSHORE) - NSD FIDUCIARY   2017-01-01 2018-12-31
1. CRP VIII (CARLYLE) PRIVATE INVESTORS OFFSHORE, L.P. (NON-SELF   2017-01-01 2018-12-31
1. PROVIDENCE VII PRIVATE INVESTORS (OFFSHORE) L.P. - HOLDBACK   2017-01-01 2018-12-31
1. RIVERSTONE GLOBAL ENERGY AND POWER PRIVA   2017-01-01 2018-12-31
1. DFJ GROWTH 2013 PRIVATE INVESTORS OFFSHORE, L.P. CLASS A (NON-SELF   2017-01-01 2018-12-31
1. AESSF II PRIVATE INVESTORS OFFSHORE (USD), L.P. AVENUE CLASS A   2017-01-01 2018-12-31
1. KKR NORTH AMERICA XI PRIVATE INVESTORS OFFSHORE CLASS A NON SELF   2017-01-01 2018-12-31
1. GSO PRIVATE INVESTORS OFFSHORE II, LP CLASS A - NON-SELF DEALING   2017-01-01 2018-12-31
1. CD&R FUND X PRIVATE INVESTORS CAYMAN, LP (NON-SELF DEALING   2017-05-01 2018-12-31
1. ARES PCS PRIVATE INVESTORS OFFSHORE, L.P. (NON-SELF DEALING FIDUCIA   2017-01-01 2018-12-31
1. STARWOOD SOF IX PRIVATE INVESTORS OFFSHORE L.P. CLASS A - NON-SELF   2017-01-01 2018-12-31
1. SILVER LAKE PARTNERS IV (SLP IV) PRIVATE INVESTORS, L.P. (OFFSHORE   2017-01-01 2018-12-31
1. STARWOOD SOF XI PRIVATE INVESTORS OFFSHORE 2, L.P. (NON-SELF DEALIN   2017-01-01 2018-12-31
1. BREP ASIA II PRIVATE INVESTORS OFFSHORE, L.P. (NON-SELF DEALING   2017-01-01 2018-12-31
CAPITAL GAIN DIVIDENDS P    
(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 1,870   1,671 199
b 1,410   639 771
c 3,719   3,273 446
d 1,858   1,601 257
e 2,782   1,270 1,512
3,758   3,182 576
1,390   635 755
1,394   635 759
4,502   1,408 3,094
4,005   1,359 2,646
1,846,417   1,337,387 509,030
183,339   188,317 -4,978
238,213   245,038 -6,825
1,370,000   901,929 468,071
8,245   6,642 1,603
925   665 260
2,734   2,142 592
1,820   1,311 509
7,173   5,230 1,943
17,649   5,631 12,018
15,620   4,927 10,693
1,498   635 863
1,509   635 874
1,515   635 880
1,500   635 865
3,026   1,270 1,756
1,828   726 1,102
1,843   726 1,117
2,284   908 1,376
1,844   726 1,118
1,863   726 1,137
1,856   726 1,130
2,800   1,090 1,710
3,292   1,271 2,021
2,364   908 1,456
2,483   1,000 1,483
1,561   624 937
6,112   1,816 4,296
3,116   1,087 2,029
8,540   2,512 6,028
4,644   1,631 3,013
6,067   1,793 4,274
3,886   1,359 2,527
271,656   155,124 116,532
105,220   87,505 17,715
70,326   66,647 3,679
105,655   99,971 5,684
57,292   42,886 14,406
20,000   16,693 3,307
3,278   2,753 525
4,095   3,426 669
9,945   8,200 1,745
2,455   2,045 410
4,239   3,400 839
2,513   2,019 494
5,068   4,037 1,031
96,387   70,389 25,998
294   125 169
2,643   1,121 1,522
1,461   623 838
876   374 502
1,190   498 692
3,878   1,617 2,261
10,502   4,334 6,168
2,685   1,113 1,572
1,497   618 879
2,968   1,232 1,736
1,454   1,174 280
4,159   1,721 2,438
4,868   3,906 962
3,011   1,227 1,784
2,102   848 1,254
2,441   1,944 497
3,601   1,453 2,148
966   778 188
2,988   1,211 1,777
2,424   1,932 492
2,977   1,209 1,768
3,886   3,085 801
2,894   2,312 582
4,354   3,468 886
38,487   29,778 8,709
351,488   278,586 72,902
175,584   116,338 59,246
301,355   302,503 -1,148
805   509 296
6,122   5,193 929
2,039   1,712 327
12,339   10,259 2,080
5,988   5,102 886
11,053   9,283 1,770
589,667   512,031 77,636
3,224   2,312 912
5,434   3,851 1,583
8     8
7,475   5,328 2,147
1,678   1,365 313
4     4
1,018   2,185 -1,167
510   1,092 -582
516   1,091 -575
517   1,091 -574
1,031   2,181 -1,150
1,048   2,169 -1,121
1,293   2,700 -1,407
70,355   72,404 -2,049
125,080   194,669 -69,589
670,551   727,671 -57,120
239,360   247,535 -8,175
558,106   588,100 -29,994
627,015   357,743 269,272
47,083   46,859 224
45,984   45,765 219
19,603   6,112 13,491
947   2,599 -1,652
612,077   306,647 305,430
26,364   35,331 -8,967
25,000   25,873 -873
55,283   694 54,589
165,709   175,475 -9,766
189,221   187,404 1,817
    2,574 -2,574
6,802   6,878 -76
108,990   27,042 81,948
30,275   30,821 -546
    1,004 -1,004
    4,100 -4,100
      468,644
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       199
b       771
c       446
d       257
e       1,512
      576
      755
      759
      3,094
      2,646
      509,030
      -4,978
      -6,825
      468,071
      1,603
      260
      592
      509
      1,943
      12,018
      10,693
      863
      874
      880
      865
      1,756
      1,102
      1,117
      1,376
      1,118
      1,137
      1,130
      1,710
      2,021
      1,456
      1,483
      937
      4,296
      2,029
      6,028
      3,013
      4,274
      2,527
      116,532
      17,715
      3,679
      5,684
      14,406
      3,307
      525
      669
      1,745
      410
      839
      494
      1,031
      25,998
      169
      1,522
      838
      502
      692
      2,261
      6,168
      1,572
      879
      1,736
      280
      2,438
      962
      1,784
      1,254
      497
      2,148
      188
      1,777
      492
      1,768
      801
      582
      886
      8,709
      72,902
      59,246
      -1,148
      296
      929
      327
      2,080
      886
      1,770
      77,636
      912
      1,583
      8
      2,147
      313
      4
      -1,167
      -582
      -575
      -574
      -1,150
      -1,121
      -1,407
      -2,049
      -69,589
      -57,120
      -8,175
      -29,994
      269,272
      224
      219
      13,491
      -1,652
      305,430
      -8,967
      -873
      54,589
      -9,766
      1,817
      -2,574
      -76
      81,948
      -546
      -1,004
      -4,100
       
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 2,492,326
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,360,519 28,932,123 0.047025
2016 1,406,387 27,029,401 0.052032
2015 1,510,458 28,911,143 0.052245
2014 1,501,766 29,432,243 0.051025
2013 1,408,793 27,793,443 0.050688
2
Total of line 1, column (d) .....................
2
0.253015
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
0.050603
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
29,871,585
5
Multiply line 4 by line 3......................
5
1,511,592
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
29,639
7
Add lines 5 and 6........................
7
1,541,231
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,501,547
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 59,277
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 59,277
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 59,277
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 48,570
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 16,400
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 64,970
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 77
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 5,616
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,616 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$   (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
 
 
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 ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JPMORGAN CHASE BANK NA TRUSTEE
    2     		133,632    
    10 S DEARBORN ST MC IL 1-0111
    CHICAGO,IL60603
    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.........................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
    27,941,877
    b
    Average of monthly cash balances.......................
    1b
    2,384,605
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,326,482
    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
    30,326,482
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    454,897
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    29,871,585
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,493,579
    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
    1,493,579
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    59,277
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    59,277
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,434,302
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,434,302
    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
    1,434,302
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,501,547
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,501,547
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,501,547
    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 1,434,302
    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...... 0
    b From 2014...... 58,071
    c From 2015...... 74,191
    d From 2016...... 59,783
    e From 2017...... 0
    fTotal of lines 3a through e........ 192,045
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,501,547
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,434,302
    e Remaining amount distributed out of corpus 67,245
    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 5 259,290
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		259,290
    10 Analysis of line 9:
    a Excess from 2014.... 58,071
    b Excess from 2015.... 74,191
    c Excess from 2016.... 59,783
    d Excess from 2017.... 0
    e Excess from 2018.... 67,245
    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
    UNIVERSITY OF MICHIGAN
    500 S STATE ST
    ANN ARBOR,MI48109     		NONE PC GENERAL 1,448,094
    Total .................................bullet 3a 1,448,094
    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 ...........     		         
    4 Dividends and interest from securities....     14 516,893  
    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 2,492,326  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK1 INCOME     		    15 51,158  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,060,377  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,060,377
    (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 InvestmentsCorpBondsSchedule
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Name of Bond End of Year Book Value End of Year Fair Market Value
    256210105 DODGE & COX INCOME F 495,425 481,714
    258620103 DOUBLELINE TOTL RET 446,665 436,200
    4812C0100 JPMORGAN CORE BOND-R 809,403 811,991
    77956H534 T ROWE PR EMERG MKTS    
    921937603 VANGUARD TOTAL BOND 1,235,654 1,207,970
    92203J308 VANGUARD TOTAL INTL 999,040 997,744
    693390601 PIMCO SHORT-TERM FD- 400,632 396,167
    921937827 VANGUARD SHORT-TERM 543,087 545,983

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Name of Stock End of Year Book Value End of Year Fair Market Value
    115233579 BROWN ADV JAPAN ALPH    
    156782104 CERNER CORP 41,224 40,641
    256206103 DODGE & COX INTL STO 461,648 446,615
    256677105 DOLLAR GENERAL CORP 55,089 81,060
    278642103 EBAY INC 41,937 46,316
    302130109 EXPEDITORS INTL WASH 23,477 42,556
    438516106 HONEYWELL INTERNATIO 45,423 62,757
    464287465 ISHARES MSCI EAFE IN 974,600 1,057,217
    594918104 MICROSOFT CORP    
    641069406 NESTLE SA-SPONS ADR 39,707 48,576
    681919106 OMNICOM GROUP 40,638 42,113
    693718108 PACCAR INC 24,178 31,427
    743315103 PROGRESSIVE CORP    
    806857108 SCHLUMBERGER LTD 59,783 34,456
    854502101 STANLEY BLACK & DECK 34,804 41,909
    904767704 UNILEVER PLC-SPONSOR 39,132 44,413
    922908629 VANGUARD MID-CAP ETF 1,032,648 1,319,757
    14042Y601 CAPITAL GR NON US EQ 509,060 519,999
    20030N101 COMCAST CORP-CLASS A    
    46625H100 JPMORGAN CHASE & CO 39,114 58,572
    68389X105 ORACLE CORP 36,642 39,506
    73755L107 POTASH CORP OF SASKA    
    78462F103 SPDR S&P 500 ETF TRU 2,931,884 3,670,075
    90130A101 TWENTY-FIRST CENTURY    
    90130A200 TWENTY-FIRST CENTURY 52,074 80,032
    91324P102 UNITEDHEALTH GROUP I 20,731 72,245
    G1151C101 ACCENTURE PLC-CL A 19,023 49,354
    H84989104 TE CONNECTIVITY LTD 11,746 25,336
    04314H857 ARTISAN INTL VALUE F 344,876 499,409
    064058100 BANK OF NEW YORK MEL 18,426 42,363
    084670702 BERKSHIRE HATHAWAY I 33,471 86,777
    156700106 CENTURYLINK INC 39,179 30,452
    41664T719 HARTFORD CAPITAL APP    
    48129C207 JPMORGAN GL RES ENH 949,212 1,080,741
    48129C603 JPMORGAN US L/C CORE 1,139,756 1,482,499
    74834L100 QUEST DIAGNOSTICS IN 56,543 46,215
    872540109 TJX COMPANIES INC 33,792 43,398
    256746108 DOLLAR TREE INC 36,685 37,483
    354613101 FRANKLIN RESOURCES I 16,961 15,572
    464287309 ISHARES S&P 500/BARR 869,469 878,255
    464287408 ISHARES S&P 500/BARR 870,168 876,985
    574599106 MASCO CORP 54,592 44,299
    693506107 PPG INDUSTRIES INC 23,744 24,024
    713448108 PEPSICO INC 46,352 50,268
    46641Q696 JPMORGAN BETABUILDER 301,131 258,002
    46641Q712 JPMORGAN BETABUILDER 627,797 627,539
    67077M108 NUTRIEN LTD 68,337 39,245
    83175M205 SMITH & NEPHEW PLC - 41,044 41,118
    H1467J104 CHUBB LTD 41,351 39,400

    TY 2018 InvestmentsOtherSchedule2
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    149913923 ATLAS GLOBAL INVESTM      
    290809185 CSFR PRIVATE INVESTO AT COST 52,263 990
    425955911 RIVERSTONE GLOBAL EN AT COST 312,805 412,870
    468213962 DFJ GROWTH 2013 PRIV AT COST 466,500 863,426
    475032967 AESSF II PRIVATE INV AT COST   85,598
    482924925 KKR NORTH AMERICA XI AT COST 93,321 519,781
    484981964 GSO PRIVATE INVESTOR AT COST 90,670 158,980
    510000920 LC ASIA PRIVATE INVE AT COST 61,084 339,359
    743839961 PROVIDENCE VII PRIVA      
    811711969 STARWOOD SOF IX PRIV AT COST   206,572
    827994922 SILVER LAKE PARTNERS AT COST 321,424 675,780
    976491910 THE WINTON FUND LIMI AT COST 177,560 227,466
    986903920 OCH-ZIFF OZOFII PRIV AT COST 125,159 189,536
    8V1304918 STARWOOD SOF XI PRIV AT COST 15,000 15,000
    092911965 BLACKSTONE PARTNERS      
    179172911 CRP VIII (CARLYLE) P AT COST 22,403 22,403
    4RF012923 CD&R FUND X PRIVATE AT COST 82,949 84,629
    551252919 ARES PCS PRIVATE INV AT COST 76,352 82,160
    270214084 BLACKSTONE - GSO CAP AT COST 68,820  
    312826910 PROVIDENCE VII PRIVA AT COST 46,283 46,283
    464287564 ISHARES COHEN & STEE AT COST 298,129 289,684
    651912933 NEWBROOK CAPITAL OFF AT COST 350,000 334,640
    98672C914 BREP ASIA II PRIVATE AT COST 11,449 7,879
    HFARRATN7 ARROWGRASS INTERNATI AT COST 580,000 577,043
    HFFRTAMK3 FORT GLOBAL OFFSHORE AT COST 300,000 305,734
    HFFRTARZ5 FORT GLOBAL OFFSHORE AT COST 150,000 150,423
    HFGHLARZ4 GOOD HILL OVERSEAS F AT COST 300,000 303,993
    HFLCPBGP7 LAKEWOOD CAPITAL OFF AT COST 350,000 331,020
    HFLCPBNF1 LAKEWOOD CAPITAL OFF AT COST 250,000 243,418
    HFNCAAST2 NEWBROOK CAPITAL OFF AT COST 240,000 222,857
    HFTACAPL8 TACONIC OPPORTUNITY AT COST 400,000 411,777
    HFTPPBQN4 THIRD POINT OFFSHORE AT COST 400,000 378,960
    HFVARANA5 VARDE CREDIT PARTNER AT COST 400,000 383,491
    HFWNTBRA8 THE WINTON FUND LIMI AT COST 225,000 222,005

    TY 2018 OtherDecreasesSchedule
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Description Amount
    COST BASIS ADJUSTMENT 41
    RETURN OF CAPITAL ADJUSTMENT (TC 924) 3,530
    2018 TRANSACTION POSTED IN 2019 30,019
    SALES FOUND UPDATES 265
    K1 INCOME ADJUSTMENTS 56,042


    TY 2018 OtherExpensesSchedule
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 45 45   0


    TY 2018 OtherIncomeSchedule2
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K1 INCOME - CSFR PRIVATE INVESTORS, LLC -4,884 -4,884  
    K1 INCOME - ARROWGRASS INTERNATIONAL FUN 35,007 35,007  
    K1 INCOME - FORT GLOBAL OFFSHORE FUND 16,918 16,918  
    K1 INCOME - FORT GLOBAL OFFSHORE FUND 4,117 4,117  


    TY 2018 OtherIncreasesSchedule
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Description Amount
    2017 TRANSACTION POSTED IN 2018 28,392


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 7,249 7,249    


    TY 2018 TaxesSchedule
    Name:
    LINCOLN M KNORR RESID TR - EQFUNDS XXXXX3009
    EIN:
    38-6725549
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,067 1,067   0
    FEDERAL TAX PAYMENT - PRIOR YE 2,000 0   0
    FEDERAL ESTIMATES - INCOME 38,000 0   0
    FOREIGN TAXES ON QUALIFIED FOR 6,921 6,921   0
    FOREIGN TAXES ON NONQUALIFIED 723 723   0