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
THE WALTERS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2955 MORROW LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILFORD, MI48381
A Employer identification number

47-1395696
B Telephone number (see instructions)

(248) 444-2912
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$16,143,262J 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... 306,786 306,786  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 715,515
b Gross sales price for all assets on line 6a 15,232,902
7 Capital gain net income (from Part IV, line 2)... 715,515
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,022,301 1,022,301  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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 9,309 0   9,309
c Other professional fees (attach schedule).... Click to see attachment 82,773 0   82,773
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 54,024 1,024   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 127,073 120,813   6,260
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 273,179 121,837   98,342
25 Contributions, gifts, grants paid....... 333,720 333,720
26 Total expenses and disbursements. Add lines 24 and 25 606,899 121,837   432,062
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 415,402
b Net investment income (if negative, enter -0-) 900,464
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 599,978 4,764,917 4,764,917
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,592,556 Click to see attachment3,198,597 4,577,198
c Investments—corporate bonds (attach schedule)....... 61,692 Click to see attachment41,252 40,997
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,977,036 Click to see attachment6,642,135 6,751,510
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,455 Click to see attachment8,640 Click to see attachment8,640
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,232,717 14,655,541 16,143,262
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment6,904
23 Total liabilities (add lines 17 through 22)......... 0 6,904
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 14,232,717 14,648,637
30 Total net assets or fund balances (see instructions)..... 14,232,717 14,648,637
31 Total liabilities and net assets/fund balances (see instructions). 14,232,717 14,655,541
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
14,232,717
2
Enter amount from Part I, line 27a .....................
2
415,402
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
518
4
Add lines 1, 2, and 3 ..........................
4
14,648,637
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
14,648,637
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 MORGAN STANLEY #6318 ST COVERED P    
b MORGAN STANLEY #6318 LT COVERED P    
c MORGAN STANLEY #6318 LT COVERED D    
d MORGAN STANLEY #0742 SHORT TERM P    
e MORGAN STANLEY #0742 LONG TERM P    
MORGAN STANLEY #6001 ST COVERED P    
MORGAN STANLEY #6001 LT COVERED P    
MORGAN STANLEY #6001 LT COVERED D    
CAPITAL GAINS 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 10,115,136   10,103,473 11,663
b 2,492,207   2,431,998 60,209
c 1,685,663   1,028,660 657,003
d 412,395   455,000 -42,605
e 38,659   45,000 -6,341
306,913   314,253 -7,340
119,514   108,189 11,325
62,334   30,814 31,520
81     81
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       11,663
b       60,209
c       657,003
d       -42,605
e       -6,341
      -7,340
      11,325
      31,520
      81
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 2 715,515
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 176,352 10,867,779 0.016227
2016 55,631 839,614 0.066258
2015 28,031 522,668 0.053631
2014 2,000 82,816 0.024150
2013      
2
Total of line 1, column (d) .....................
2
0.160266
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
0.040067
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
16,813,058
5
Multiply line 4 by line 3......................
5
673,649
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
9,005
7
Add lines 5 and 6........................
7
682,654
8
Enter qualifying distributions from Part XII, line 4,.............
8
432,062
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 18,009
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 18,009
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 18,009
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 29,387
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 39,387
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 21,378
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet21,378 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWALTERSFFMI.ORG
    14
    The books are in care ofbulletPETER WALTERS Telephone no.bullet (248) 444-2912

    Located atbullet2955 MORROW LANEMILFORDMI ZIP+4bullet48381
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CAROL A WALTERS PRESIDENT & DIRECTOR
    10.00     		0 0 0
    2955 MORROW LANE
    MILFORD,MI48381
    PETER S WALTERS SECRETARY, TREASURER, DIRE
    10.00     		0 0 0
    2955 MORROW LANE
    MILFORD,MI48381
    MATTHEW D WALTERS DIRECTOR
    0.50     		0 0 0
    2955 MORROW LANE
    MILFORD,MI48381
    JOSEPH P WALTERS DIRECTOR
    0.50     		0 0 0
    2955 MORROW LANE
    MILFORD,MI48381
    SARAH J EARLY DIRECTOR
    0.50     		0 0 0
    158 DEVONSHIRE DRIVE
    GARNER,NC27529
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    15,338,759
    b
    Average of monthly cash balances.......................
    1b
    1,730,335
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,069,094
    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
    17,069,094
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    256,036
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    16,813,058
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    840,653
    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
    840,653
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    18,009
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,009
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    822,644
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    822,644
    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
    822,644
    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
    432,062
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    432,062
    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
    432,062
    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 7 822,644
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 320,790
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 432,062
    a Applied to 2017, but not more than line 2a 320,790
    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..... 111,272
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		711,372
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    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).)
    PETER S WALTERS
    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
    MIDTOWN DETROIT INC
    3939 WOODWARD AVE SUITE 100
    DETROIT,MI48201     		NONE PC THE GRANT WILL CONTRIBUTE TO THE DEVELOPMENT COSTS OF SELDEN COURTYARD, A SUSTAINABLE PUBLIC COURTYARD WITH THE SELDEN INNOVATION DISTRICT. THE COURTYARD SERVES AS AN ANCHOR TO SURROUNDING SMALL BUSINESSES SUCH AS A BAR, BREWERY WITH ACCOMPANYING BREWERY SCHOOL RUN BY A PARTNERSHIP BETWEEN EASTERN MICHIGAN UNIVERSITY AND NORTHERN UNITED BREWING COMPANY, AS WELL AS OTHER MIXED DEVELOPMENT. THE PROJECT WILL ENCOURAGE COLLABORATION AND DEVELOPMENT BETWEEN BUSINESSES, AS WELL WILL OFFSET SIGNIFICANT DRAINAGE COSTS BY EASING STORM WATER OVERFLOW ISSUES. 100,000
    DETROIT RIVERFRONT CONSERVANCY
    600 RENAISSANCE CENTER SUITE 1720
    DETROIT,MI48243     		NONE PC WFF FUNDING WILL HELP WITH THE DEVELOPMENT OF ATWATER BEACH, A NEW PUBLIC SPACE ON DETROIT'S EAST RIVERFRONT. THE SPACE WILL FEATURE A SANDY BEACH FOR FAMILIES TO USE IN RECREATION, INCLUDING WALKWAYS AND PUBLIC ART. ATWATER BEACH IS DESIGNED AND CRAFTED TO ATTRACT VISTORS OF ALL AGES AND BACKGROUNDS AND ASSIST IN THE COMMERCIAL AND COMMUNITY GROWTH OF THE AREA. 50,000
    DETROIT INSTITUTE OF ARTS
    5200 WOODWARD AVENUE
    DETROIT,MI48202     		NONE PC WFF FUNDING IS SUPPORTING DETROIT INSTITUTE OF ART'S (DIA) PROGRAM TO ENGAGE UNDERSERVED CHILDREN AND THEIR FAMILIES IN THE FINE ARTS EXPERIENCE. THE DIA HEAD START PROGRAM FUNDING WILL AID THE DIA IN THE DEVELOPMENT OF AGE-APPROPRIATE LEARNING AND ENGAGEMENT EXPERIENCES FOR TODDLERS AGE 3 TO 5 YEARS. 73,720
    MICHIGAN EDUCATION EXCELLENCE FOUNDATION
    1420 WASHINGTON BLVD 301
    DETROIT,MI48226     		NONE PC THE DETROIT PROMISE PATH IS A STUDENT SUCCESS INITIATIVE THAT UTILIZES CAMPUS COACHES, FINANCIAL INCENTIVES, SUMMER ENGAGEMENT, AND CLOSELY MONITORING STUDENTS TO ENCOURAGE THEIR ENGAGEMENT AND COMPLETION OF A POST-SECONDARY EDUCATION. WFF FUNDING WILL SUPPORT A PORTION OF THE MENTORING ELEMENT OF DETROIT PROMISE PATH TO COVER THE SALARY/BENEFITS OF ONE MENTOR AND INCENTIVES FOR MENTEES (BUS PASS, GROCERY GIFT CARDS, ETC.) THIS MENTOR WILL WORK WITH 100 COMMUNITY COLLEGE STUDENTS. 110,000
    Total .................................bullet 3a 333,720
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 306,786  
    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 ............     		    18 715,515  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,022,301 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,022,301
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MOORE STEPHENS DOEREN MAYHEW 9,309 0   9,309

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CISCO SYSTEMS INC 6,023 6,013
    JPMORGAN CHASE & CO 10,358 10,233
    JPMORGAN CHASE & CO 24,871 24,751

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1041 SHS DUKE ENERGY CORPORATION (DUK) 78,452 89,838
    1071 SHS LYONDELLBASELL NV CL-A (LYB) 67,009 89,064
    110 SHS CLOROX CO (CLX) 14,894 16,955
    120 SHS INTL FLAVORS & FRAGRANCES (IFF) 14,921 16,112
    1254 SHS REPUBLIC SERVICES INC (RSG) 85,815 90,401
    1295 SHS FACEBOOK INC CL-A (FB) 115,918 169,762
    1307 SHS UNILEVER PLC (NEW) ADS (UL) 74,682 68,291
    1340 SHS MASTERCARD INC CL A (MA) 74,616 252,791
    1427 SHS VERIZON COMMUNATIONS (VZ) 73,410 80,226
    153 SHS GARRETT MOTION INC (GTX) 1,171 1,888
    1539 SHS HONEYWELL INTERNATIONAL INC (HON) 104,930 203,333
    1603 SHS MICROSOFT CORP (MSFT) 46,931 162,817
    1667 SHS VALERO ENERGY CP DELA NEW (VLO) 83,726 124,975
    174 SHS ALPHABET INC CL A (GOOGL) 101,875 181,823
    1828 SHS WORLDPAY INC CL A (WP) 62,278 139,714
    183 SHS WASTE MGMT INC (DELA) (WM) 14,908 16,285
    191 SHS PROCTOR & GAMBLE (PG) 14,956 17,557
    1939 SHS CROWN CASTLE INTL CORP (CCI) 145,356 210,634
    228 SHS PROLOGIS INC COM (PLD) 15,055 13,388
    256 SHS RESIDEO TECHNOLOGIES INC (REZI) 3,143 5,261
    2758 SHS AT&T INC (T) 86,309 78,713
    2779 SHS PPL CORPORATION (PPL) 78,424 78,729
    3128 SHS DANONE SPONSORED ADR (DANOY) 49,555 43,729
    3219 SHS JPMORGAN CHASE & CO (JPM) 155,144 314,239
    3446 SHS NUTRIEN LTD (NTR) 170,000 161,962
    3461 SHS ROYAL DUTCH SHELL PLC CL B (RDS'B) 212,492 207,452
    4497 SHS CISCO SYS INC (CSCO) 150,722 194,855
    546 SHS KIMBERLY CLARK CORP (XMB) 57,417 62,211
    5500 SHS BP PLC ADS (BP) 212,347 208,560
    564 SHS COSTCO WHOLESALE CORP NEW (COST) 53,858 114,893
    614 SHS FOMENTO ECONOMICO MEXICANO (FMX) 52,017 52,835
    654 SHS ALTRIA GROUP INC (MO) 37,463 32,301
    681 SHS NESTLE SPON ADR REP REG SHR (NSRGY) 52,117 55,134
    757 SHS UNITED TECHNOLOGIES CORP (UTX) 61,804 80,605
    761 SHS PHILIP MORRIS INTL INC (PM) 54,324 50,804
    8105 SHS BANK OF AMERICA CORP (BAC) 136,742 199,707
    864 SHS APPLE INC (AAPL) 62,101 136,287
    881 SHS WALT DISNEY CO HLDG CO (DIS) 86,931 96,602
    906 SHS COLGATE PALMOLIVE CO (CL) 59,012 53,925
    944 SHS NETFLIX INC (NFLX) 55,726 252,671
    5 SHS ALPHABET INC CL A (GOOGL) 2,869 5,225
    33 SHS ALTRIA GROUP INC (MO) 1,902 1,630
    17 SHS APPLE INC (AAPL) 1,379 2,682
    145 SHS AT&T INC (T) 4,528 4,138
    215 SHS BANK OF AMERICA CORP (BAC) 3,618 5,298
    200 SHS BP PLC ADS (BP) 7,699 7,584
    144 SHS CISCO SYS INC (CSCO) 4,826 6,240
    50 SHS COLGATE PALMOLIVE CO (CL) 3,273 2,976
    15 SHS COSTCO WHOLESALE CORP NEW (COST) 1,349 3,056
    44 SHS CROWN CASTLE INTL CORP (CCI) 3,239 4,780
    242 SHS DANONE SPONSORED ADR (DANOY) 3,834 3,383
    120 SHS DESPEGAR.COM CORP (DESP) 2,495 1,489
    107 SHS DUKE ENERGY CORPORATION (DUK) 8,242 9,234
    27 SHS FACEBOOK INC CL-A (FB) 1,912 3,539
    18 SHS FOMENTO ECONOMICO MEXICANO (FMX) 1,525 1,549
    2 SHS GARRETT MOTION INC (GTX) 13 25
    75 SHS GENERAL MILLS INC (GIS) 3,341 2,921
    29 SHS HONEYWELL INTERNATIONAL INC (HON) 1,777 3,831
    36 SHS INTL FLAVORS & FRAGRANCES (IFF) 4,783 4,834
    66 SHS JPMORGAN CHASE & CO (JPM) 2,243 6,443
    28 SHS KIMBERLY CLARK CORP (KMB) 2,946 3,190
    42 SHS LYONDELLBASELL NV CL-A (LYB) 2,599 3,493
    22 SHS MASTERCARD INC CL A (MA) 1,059 4,150
    42 SHS MICROSOFT CORP (MSFT) 1,248 4,266
    17 SHS NESTLE SPON ADR REP REG SHR (NSRGY) 1,301 1,376
    20 SHS NETFLIX INC (NFLX) 1,289 5,353
    91 SHS NUTRIEN LTD (NTR) 4,583 4,277
    45 SHS PHILIP MORRIS INTL INC (PM) 3,418 3,004
    295 SHS PPL CORPORATION (PPL) 8,288 8,357
    39 SHS PROCTER & GAMBLE (PG) 3,064 3,585
    73 SHS PROLOGIS INC COM (PLD) 4,808 4,287
    4 SHS RESIDEO TECHNOLOGIES INC (REZI) 44 82
    126 SHS ROYAL DUTCH SHELL PLC CL B (RDS'B) 7,685 7,552
    46 SHS UNILEVER PLC (NEW) ADS (UL) 2,541 2,404
    24 SHS UNITED TECHNOLOGIES CORP (UTX) 1,787 2,556
    41 SHS VALERO ENERGY CP DELA NEW (VLO) 1,925 3,074
    92 SHS VERIZON COMMUNICATIONS (VZ) 4,720 5,172
    14 SHS WALT DISNEY CO HLDG CO (DIS) 1,353 1,535
    17 SHS WORLDPLAY INC CL A (WP) 541 1,299

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1062 SHS ISHARES MSCI EMERGING MKTS ETF (EEM) AT COST 41,917 41,482
    1095 SHS VANGUARD HEALTH CARE ETF (VHT) AT COST 85,822 175,857
    1286 SHS VANGUARD INFO TECH ETF (VGT) AT COST 90,225 214,543
    136150.931 SHS MSIF ULTRA-SHORT INCOME IR (MULSX) AT COST 1,362,871 1,362,871
    2065 SHS VANGUARD INDEX FDS S&P 500 ETF (VOO) AT COST 464,411 474,558
    2278 SHS ISHARES TIPS BOND ETF (TIP) AT COST 260,265 249,464
    310 SHS SPDR GOLD TR GOLD SHS (GLD) AT COST 39,139 37,587
    3577 SHS PIMCO ENHANCED SHRT MTRT EXC (MINT) AT COST 363,597 361,098
    42470.313 SHS VOYA GNMA INCOME I (LEINX) AT COST 360,104 350,805
    74789.105 SHS PRINCIPAL PREFERRED SEC INST (PPSIX) AT COST 768,704 702,270
    71896.251 SHS INVESCO CORE PLUS BOND Y (CPBYX) AT COST 786,653 739,093
    ALKEON GROWTH OFFSHORE LTD AT COST 250,000 245,792
    BRIDGE SENIORS II INTL-A AT COST 252,839 235,658
    MILLENNIUM INTNL HF AT COST 500,000 552,892
    NB SELECT OPPS (CAYMAN) AT COST 200,488 199,232
    NH EXP EQUITY OFFSHORE AT COST 113,659 120,323
    PE CO-INV OPP I (CAYMAN) AT COST 162,582 160,905
    THIRD PT OFFSHORE FUND LTD AT COST 300,000 292,754
    31 SHS ISHARES MSCI EMERGING MKTS ETF (EEM) AT COST 1,224 1,211
    73 SHS ISHARES TIPS BOND ETF (TIP) AT COST 8,473 7,994
    290 SHS PIMCO ENHANCED SHRT MTRT EXC (MINT) AT COST 29,432 29,276
    29 SHS SPDR GOLD TR GOLD SHS (GLD) AT COST 3,696 3,516
    69 SHS VANGUARD INDEX FDS S&P 500 ETF (VOO) AT COST 15,510 15,857
    2815.472 SHS INVESCO CORE PLUS BOND Y (CPBYX) AT COST 30,863 28,943
    9923.791 SHS MSIF ULTRA-SHORT INCOME IR (MULSX) AT COST 99,337 99,337
    2467.252 SHS PRINCIPAL PREFERRED SEC INST (PPSIX) AT COST 25,194 23,168
    3029.584 SHS VOYA GNMA INCOME I (LEINX) AT COST 25,130 25,024

    TY 2018 OtherAssetsSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 1,455 4,894 4,894
    REFUNDABLE RECEIVABLE   3,746 3,746


    TY 2018 OtherExpensesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 114,964 114,964   0
    POSTAGE 299 0   299
    TELEPHONE 1,276 0   1,276
    EQUIPMENT RENTAL 250 0   250
    PRINTING AND COPYING 4,435 0   4,435
    EXPENSES FROM K-1 5,849 5,849   0


    TY 2018 OtherIncreasesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Amount
    BOOK TO TAX DIFFERENCE 518


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Description Beginning of Year - Book Value End of Year - Book Value
    MS #6318 OPTIONS 0 6,904


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GRANT MAKING SOFTWARE 10,000 0   10,000
    WEBSITE DESIGN 12,332 0   12,332
    FOUNDATION MANAGEMENT ASSISTANCE 30,000 0   30,000
    FOUNDATION MEMBERSHIP SUPPORT 4,300 0   4,300
    PHILANTHROPY CONSULTING 26,141 0   26,141


    TY 2018 TaxesSchedule
    Name:
    THE WALTERS FAMILY FOUNDATION
    EIN:
    47-1395696
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MORGAN STANLEY-FOREIGN TAXES PAID 1,024 1,024   0
    EXCISE TAX 53,000 0   0