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
THORNBURG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2300 N RIDGETOP RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87506
A Employer identification number

85-0457010
B Telephone number (see instructions)

(505) 467-7853
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$107,428,514J 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... 2,228,240 2,228,240  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,275,534
b Gross sales price for all assets on line 6a 15,128,257
7 Capital gain net income (from Part IV, line 2)... 1,414,669
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)....... Click to see attachment 0 237,389  
12 Total. Add lines 1 through 11........ 3,503,774 3,880,298  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 193,750 0   155,000
14 Other employee salaries and wages...... 358,468 0   321,742
15 Pension plans, employee benefits....... 88,485 0   77,708
16a Legal fees (attach schedule)......... Click to see attachment 6,920 0   3,738
b Accounting fees (attach schedule)....... Click to see attachment 18,129 0   0
c Other professional fees (attach schedule).... Click to see attachment 139,376 0   134,145
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 44,000 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,961 0  
20 Occupancy.............. 2,135 0   1,985
21 Travel, conferences, and meetings....... 65,400 0   53,095
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 159,850 71,805   65,667
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,078,474 71,805   813,080
25 Contributions, gifts, grants paid....... 5,112,154 5,112,154
26 Total expenses and disbursements. Add lines 24 and 25 6,190,628 71,805   5,925,234
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,686,854
b Net investment income (if negative, enter -0-) 3,808,493
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............. 443,095 903,340 903,340
2 Savings and temporary cash investments......... 95,164 13,496 13,496
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 103,296,631 Click to see attachment100,237,370 106,509,608
14 Land, buildings, and equipment: basis bullet15,757
Less: accumulated depreciation (attach schedule) bullet13,687 4,031 2,070 2,070
15 Other assets (describe bullet) Click to see attachment4,600 Click to see attachment0 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 103,843,521 101,156,276 107,428,514
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 attachment1,237 Click to see attachment846
23 Total liabilities (add lines 17 through 22)......... 1,237 846
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 103,842,284 101,155,430
30 Total net assets or fund balances (see instructions)..... 103,842,284 101,155,430
31 Total liabilities and net assets/fund balances (see instructions). 103,843,521 101,156,276
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
103,842,284
2
Enter amount from Part I, line 27a .....................
2
-2,686,854
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
101,155,430
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
101,155,430
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 39,093 SH LTD US GOVT   2017-09-11 2018-03-08
b 23,585 SH LTD US GOVT   2017-09-11 2018-05-09
c 86,207 SH LTD US GOVT   2017-09-11 2018-07-03
d 50,738 SH INT'L VALUE   2013-03-27 2018-11-13
e 20,315 GLENMEDE SEC OPT INTL   2018-01-01 2018-05-31
309,869 GLENMEDE SEC OPT INTL   2013-04-29 2018-05-31
9,995 MATTHEWS JAPAN FUND   2018-01-30 2018-12-14
11,186 AMERICAN BEACON LONDON INC   2018-01-30 2018-07-06
23,903 VANGUARD RE ETF   2017-06-12 2018-07-06
8 SH TCG BDC INC   2017-06-09 2018-01-08
116 SH TCG BDC INC   2017-06-09 2018-01-09
129 SH TCG BDC INC   2017-06-09 2018-01-12
83 SH TCG BDC INC   2017-06-09 2018-01-17
13 SH TCG BDC INC   2017-06-09 2018-03-16
292 SH TCG BDC INC   2017-06-09 2018-03-19
1,443 SH TCG BDC INC   2017-06-09 2018-03-22
59 SH TCG BDC INC   2017-06-09 2018-04-06
34 SH TCG BDC INC   2014-10-16 2018-01-04
2,514 SH TCG BDC INC   2014-10-16 2018-01-04
1,704 SH TCG BDC INC   2014-10-16 2018-01-05
12,827 SH GLENMEDE SM CAP VALUE   2018-01-01 2018-11-14
122,409 SH GLENMEDE SM CAP VALUE   2014-10-30 2018-11-14
CHARLES SCHWAB MBS      
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 500,000   510,946 -10,946
b 300,000   308,255 -8,255
c 1,100,000   1,126,724 -26,724
d 1,100,000   1,398,187 -298,187
e 254,142   244,797 9,345
3,876,462   3,606,094 270,368
192,901   256,832 -63,931
189,262   200,000 -10,738
1,979,322   1,994,738 -15,416
148   148 0
2,142   2,143 -1
2,383   2,384 -1
1,533   1,534 -1
235   240 -5
5,282   5,396 -114
26,121   26,667 -546
1,068   1,090 -22
632   662 -30
46,580   48,985 -2,405
31,571   33,203 -1,632
390,578   401,676 -11,098
3,727,351   3,180,815 546,536
437,902   362,072 75,830
962,642     962,642
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       -10,946
b       -8,255
c       -26,724
d       -298,187
e       9,345
      270,368
      -63,931
      -10,738
      -15,416
      0
      -1
      -1
      -1
      -5
      -114
      -546
      -22
      -30
      -2,405
      -1,632
      -11,098
      546,536
      75,830
      962,642
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 1,414,669
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 5,280,511 111,850,353 0.047210
2016 4,814,403 105,475,135 0.045645
2015 6,012,486 107,893,121 0.055726
2014 4,340,225 105,547,564 0.041121
2013 1,881,908 89,636,712 0.020995
2
Total of line 1, column (d) .....................
2
0.210697
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
0.042139
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
115,804,582
5
Multiply line 4 by line 3......................
5
4,879,889
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
38,085
7
Add lines 5 and 6........................
7
4,917,974
8
Enter qualifying distributions from Part XII, line 4,.............
8
5,925,234
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 38,085
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 38,085
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 38,085
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 41,163
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,163
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 12,078
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet12,078 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)
    bulletNM
    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 addressbulletWWW.THORNBURGFOUNDATION.ORG
    14
    The books are in care ofbulletKEVIN HANSEN Telephone no.bullet (505) 467-7044

    Located atbullet2300 N RIDGETOP RDSANTA FENM ZIP+4bullet87506
    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
    GARRETT THORNBURG PRESIDENT
    2.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    LLOYD THORNBURG DIRECTOR
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    KEVIN HANSEN SECRETARY / TREASURER
    3.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    ALON KASHA DIRECTOR
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    ALLAN OLIVER EXECUTIVE DIRECTOR
    40.00     		193,750 5,813 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    FRED NATHAN DIRECTOR
    1.00     		0 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    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
    STEVEN M WEINBERG II POLICY OFFICER
    40.00     		117,125 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    BRYAN CRAWFORD-GARRETT POLICY OFFICER
    40.00     		90,750 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    CARMEN J LOPEZ POLICY OFFICER
    40.00     		77,142 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    LESLIE GARCIA ADMIN DIRECTOR
    40.00     		73,450 0 0
    2300 N RIDGETOP RD
    SANTA FE,NM87506
    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
    THE CENTER FOR SYSTEMS INTEGRATION CONSULTING 82,448
    2717 WELTON ST
    DENVER,CO80205
    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
    104,268,268
    b
    Average of monthly cash balances.......................
    1b
    550,607
    c
    Fair market value of all other assets (see instructions)................
    1c
    12,749,229
    d
    Total (add lines 1a, b, and c).........................
    1d
    117,568,104
    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
    117,568,104
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,763,522
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    115,804,582
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,790,229
    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
    5,790,229
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    38,085
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    38,085
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,752,144
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,752,144
    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
    5,752,144
    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
    5,925,234
    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
    5,925,234
    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
    38,085
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    5,887,149
    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 5,752,144
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,761,576
    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$ 5,925,234
    a Applied to 2017, but not more than line 2a 2,761,576
    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..... 3,163,658
    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 ..........     		2,588,486
    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).)
    GARRETT THORNBURG
    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
    ACCION
    2000 ZEARING AVE NW
    ALBUQUERQUE,NM871042045     		NONE PC EXPLORING THE CREDIT NEEDS OF NEW MEXICO'S FARMERS & RANCHERS 60,000
    ALBUQUERQUE COMMUNITY FOUNDATION
    PO BOX 25266
    ALBUQUERQUE,NM87125     		NONE PC SUPPORTING CENSUS OUTREACH 60,000
    ALLIANCE FOR JUSTICE
    11 DUPONT CIR NW STE 500
    WASHINGTON,DC200361237     		NONE PC OPERATING SUPPORT FOR WORKSHOPS 3,233
    AMERICAN CIVIL LIBERTIES UNION OF NEW MEXICO FOUNDATION
    PO BOX 566
    ALBUQUERQUE,NM87103     		NONE PC OPERATING SUPPORT 25,000
    APEX ARTS LEAGUE
    2140 E SOUTHLAKE BLVD STE L-425
    SOUTHLAKE,TX76092     		NONE PC OPERATING SUPPORT 2,500
    AUDUBON NEW MEXICO
    PO BOX 9314
    SANTA FE,NM875049314     		NONE PC CONSERVING WORKING GRASSLANDS FOR PEOPLE & BIRDS THROUGH SCIENCE 60,000
    BIG BROTHERS BIG SISTERS OF NORTHERN NM
    1229 S ST FRANCIS DR STE C
    SANTA FE,NM87505     		NONE PC OPERATING SUPPORT 5,000
    BIRD CONSERVANCY OF THE ROCKIES
    230 CHERRY ST STE 150
    FORT COLLINS,CO805212074     		NONE PC GRASSLAND STEWARDSHIP & RESILIENT COMMUNITIES IN NEW MEXICO 50,000
    CAMPAIGN LEGAL CENTER
    1411 K ST NW STE 1400
    WASHINGTON,DC200053404     		NONE PC LEGAL RESEARCH ON DEMOCRATIC REFORMS 75,000
    CENTER FOR RESPONSIVE POLITICS
    1300 L ST NW STE 200
    WASHINGTON,DC200054107     		NONE PC CAMPAIGN FINANCE RESEARCH 25,000
    CENTER OF SOUTHWEST CULTURE
    505 MARQUETTE AVE NW STE 1610
    ALBUQUERQUE,NM871022158     		NONE PC BUILD NONPROFIT NETWORK OF FAMILY FARMER CO-OPS 30,000
    CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC
    525 BUENA VISTA DRIVE SE
    ALBUQUERQUE,NM871063232     		NONE PC BUILD A MENTOR NETWORK TO IMPROVE PRACTICUM EXPERIENCES FOR EARLY CHILDHOOD EDUCATION STUDENTS 180,000
    CHAMA PEAK LAND ALLIANCE
    PO BOX 1544
    SANTA FE,NM87504     		NONE PC OPERATING SUPPORT 50,000
    CHILDREN'S GRIEF CENTER
    3001 TRELLIS DR NW
    ALBUQUERQUE,NM87107     		NONE PC OPERATING SUPPORT 5,000
    CLAREMONT MCKENNA COLLEGE
    400 N CLAREMONT BLVD
    CLAREMONT,CA917119845     		NONE PC OPERATING SUPPORT 25,000
    COMMON CAUSE EDUCATION FUND
    805 15TH ST NW STE 800
    WASHINGTON,DC200052207     		NONE PC LEAD NM PLEDGE AND THE OPEN & FAIR DEMOCRACY EDUCATION PROJECT 354,000
    COMMUNITIES IN SCHOOLS OF NM AT SANTA FE
    PO BOX 367
    SANTA FE,NM875040367     		NONE PC OPERATING SUPPORT 10,000
    CREATIVE SANTA FE
    314 READ ST
    SANTA FE,NM875012629     		NONE PC OPERATING SUPPORT 1,000
    DUKE UNIVERSITY
    2024 W MAIN ST BAY C DUKE BOX 90539
    DURHAM,NC277080539     		NONE PC FAMILY CONNECTS HOME VISITING PLANNING WITH THE NEW MEXICO DEPARTMENT OF HEALTH 40,000
    ESPERANZA SHELTER FOR BATTERED FAMILIES
    3130 RUFINA ST
    SANTA FE,NM875072933     		NONE PC OPERATING SUPPORT 10,000
    FAIR VOTE
    6930 CARROLL AVENUE STE 240
    TAKOMA PARK,MD209124468     		NONE PC NEW MEXICO PROJECT ON ELECTION ADMINISTRATION & EDUCATION 63,000
    FJC
    520 8TH AVE 20FL
    NEW YORK,NY100186507     		NONE PC RESEARCH & PUBLIC EDUCATION ON PRIMARY REFORM (OPEN PRIMARIES EDUCATION FUND) 100,000
    FOOD DEPOT
    1222 A SILER RD
    SANTA FE,NM875074106     		NONE PC OPERATING SUPPORT 10,000
    FRIENDS OF FONDATION DE FRANCE
    275 MADISON AVE FL 6
    NEW YORK,NY100161101     		NONE PC PROJECT SUPPORT 25,000
    FUNDERS' NETWORK FOR SG AND LC
    6705 SW 57TH AVE STE 700
    CORAL GABLES,FL331433649     		NONE PC EVENT SPONSORSHIP OF INTERMOUNTAIN WEST FUNDER NETWORK 2,500
    GERARD'S HOUSE
    PO BOX 28693
    SANTA FE,NM875928693     		NONE PC OPERATING SUPPORT 5,000
    GIRLS INC OF SANTA FE
    301 HILLSIDE AVE
    SANTA FE,NM875012217     		NONE PC OPERATING SUPPORT 10,000
    HEADING HOME
    PO BOX 27636
    ALBUQUERQUE,NM871257636     		NONE PC OPERATING SUPPORT 10,000
    HEALTH LEADERSHIP HIGH SCHOOL
    1900 RANDOLPH RD SE
    ALBUQUERQUE,NM871064247     		NONE PC EARLY CHILDHOOD EDUCATION PROJECT 50,000
    HEART OF TAOS
    PO BOX 613
    TAOS,NM875710613     		NONE PC OPERATING SUPPORT 10,000
    HOMEWISE INC
    1301 SILER AVE
    SANTA FE,NM875073541     		NONE PC AFFORDABLE HOUSING RESEARCH 10,000
    INSTITUTE OF AMERICAN ACUPUNCTURE & LIFE MEDICINE
    443 N NEW BALLAS RD SUITE 224
    ST LOUIS,MO631416858     		NONE PC OPERATING SUPPORT 5,000
    INTERFAITH COMMUNITY SHELTER
    PO BOX 22653
    SANTA FE,NM875022653     		NONE PC OPERATING SUPPORT 15,000
    KBFUSAMERICAN FRIENDS OF INSTITUTE CURIE
    10 ROCKERFELLER PLAZA 16TH FL
    NEW YORK,NY10020     		NONE PC OPERATING SUPPORT 25,000
    KITCHEN ANGELS
    1222 SILER RD
    SANTA FE,NM875074106     		NONE PC OPERATING SUPPORT 10,000
    KUNM
    MSC06 3520 1 UNIVERSITY OF NEW MEXI
    ALBUQUERQUE,NM871310001     		NONE PC OPERATING SUPPORT 5,000
    LA FAMILIA MEDICAL CENTER
    PO BOX 5395
    SANTA FE,NM87502     		NONE PC OPERATING SUPPORT 10,000
    LA SEMILLA FOOD CENTER
    PO BOX 2579
    ANTHONY,NM880212579     		NONE PC IMPLEMENTATION & SUPPORT FOR URBAN AG PLAN IN LAS CRUCES 45,000
    LEAGUE OF WOMEN VOTERS OF NM
    2315 SAN PEDRO DR NE STE F6
    ALBUQUERQUE,NM871104158     		NONE PC NATIVE AMERICAN VOTER GUIDE 12,000
    LEARNING POLICY INSTITUTE
    1530 PAGE MILL RD STE 200
    PALO ALTO,CA953041140     		NONE PC DEVELOP A LONG-TERM STRATEGIC PLAN FOR EDUCATION IN NEW MEXICO 132,271
    LITERACY VOLUNTEERS OF SANTA FE
    6401 RICHARDS AVE ROOM 514A
    SANTA FE,NM87508     		NONE PC OPERATING SUPPORT 10,000
    MARIA MITCHELL ASSOCIATION
    4 VESTAL ST
    NANTUCKET,MA025542609     		NONE PC OPERATING SUPPORT 1,000
    MAY CENTER FOR LEARNING
    2019 GALISTEO BLDG B
    SANTA FE,NM875052143     		NONE PC OPERATING SUPPORT 5,000
    MEDECINS SANS FRONTIERES
    40 RECTOR ST FL 16
    NEW YORK,NY100061751     		NONE PC OPERATING SUPPORT 5,000
    MOUNTAIN SHADOWS FOUNDATION
    970 LOS VALLECITOS BLVD STE 240
    SAN MARCOS,CA920691475     		NONE PC OPERATING SUPPORT 2,500
    NANTUCKET HISTORICAL ASSOCIATION
    PO BOX 1016
    NANTUCKET,MA025541016     		NONE PC OPERATING SUPPORT 5,000
    NATIONAL DANCE INSTITUTE
    1140 ALTO ST
    SANTA FE,NM875012596     		NONE PC OPERATING SUPPORT 150,000
    NATIONAL HISPANIC CULTURAL CENTER FOUNDATION
    1701 4TH STREET SW
    ALBUQUERQUE,NM871024508     		NONE PC EVENT SPONSORSHIP 10,000
    NATIONAL YOUNG FARMERS COALITION
    PO BOX 1074
    HUDSON,NY125349074     		NONE PC YOUNG, NEW FARMER LEADERSHIP DEVELOPMENT 106,000
    NAT'L INSTITUTE ON MONEY IN STATE POLITICS
    833 N LAST CHANCE GULTCH
    HELENA,MT596013352     		NONE PC IMPACT JOURNALISM TRAINING & DEMOCRACY CONVENING 25,000
    NEW MEXICO ACEQUIA ASSOCIATION
    805 EARLY ST 203B
    SANTA FE,NM875051708     		NONE PC ACEQUIA FARMERS TRAINING 80,000
    NEW MEXICO APPLESEED
    600 CENTRAL AVE SE
    ALBUQUERQUE,NM871023656     		NONE PC OPERATING SUPPORT 10,000
    NEW MEXICO ENVIRONMENTAL LAW CENTER
    1405 LUISA ST STE 5
    SANTA FE,NM875054074     		NONE PC OPERATING SUPPORT 10,000
    NEW MEXICO ETHICS WATCH
    PO BOX 30586
    ALBUQUERQUE,NM871900586     		NONE PC OPERATING SUPPORT 211,285
    NEW MEXICO FARMERS MARKETING
    1219 LUISA ST STE 1
    SANTA FE,NM875054176     		NONE PC EXPANDING VALUE-CHAIN COORDINATION & ENGAGEMENT FOR INCREASED LOCAL CROP PRODUCTION 92,300
    NEW MEXICO FIRST
    PO BOX 56549
    ALBUQUERQUE,NM871876549     		NONE PC ETHICS COMMISSION RESEARCH; INDEPENDENT JOURNALISM RESEARCH 40,000
    NEW MEXICO FIRST
    PO BOX 56549
    ALBUQUERQUE,NM871876549     		NONE PC RESILIENCE IN NEW MEXICO AGRICULTURE PROJECT 96,000
    NEW MEXICO FIRST
    PO BOX 56549
    ALBUQUERQUE,NM871876549     		NONE PC CLIFF EFFECTS RESEARCH 50,000
    NEW MEXICO IN DEPTH
    7820 ENCHANTED HILLS BLVD STE A225
    RIO RANCHO,NM871448644     		NONE PC 2019 LEGISLATIVE COVERAGE & REPORTING ON GOOD GOVERNMENT 133,500
    NEW MEXICO STATE UNIVERSITY FOUNDATION
    MSC 3590 PO BOX 30001
    LAS CRUCES,NM880033590     		NONE PC NMSU FARM & RANCH RESOURCE CENTER PROJECT PLANNING GRANT 37,000
    NEW MEXICO STATE UNIVERSITY FOUNDATION
    MSC 3590 PO BOX 30001
    LAS CRUCES,NM880033590     		NONE PC RESEARCH TO REGENERATE THE DIVERSITY OF LIFE IN SOILS 20,000
    NEW MEXICO SUICIDE INTERVENSION
    PO BOX 6004
    SANTA FE,NM875026004     		NONE PC OPERATING SUPPORT 10,000
    NEW MEXICO VOICES FOR CHILDREN
    625 SILVER AVE SW STE 195
    ALBUQUERQUE,NM871023186     		NONE PC KIDS COUNT EVENT SPONSOR 3,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW ST 300
    WASHINGTON,DC200362656     		NONE PC SUSTAINABLE AG FUNDERS ASSOCIATION - EVENT SPONSOR 2,000
    NM ASSOC FOR THE EDUCATION OF YOUNG CHILDREN
    10601 LOMAS NE STE 105
    ALBUQUERQUE,NM871125462     		NONE PC RESEARCH ON EDUCATOR'S NEEDS AS PROFESSIONALS 20,000
    NM FOUNDATION FOR OPEN GOVERNMENT
    2333 WISCONSIN ST NE
    ALBUQUERQUE,NM871104654     		NONE PC OPERATING SUPPORT AND EVENT SPONSORSHIP 30,000
    NM SCHOOL FOR THE ARTS -AI
    500 MONTEZUMA AVE 200
    SANTA FE,NM875012555     		NONE PC OPERATING SUPPORT 325,000
    NONPROFIT BACK OFFICE RESOURCES
    3900 OSUNA RD NE
    ALBUQUERQUE,NM871094459     		NONE PC EXPAND ACCOUNTING SUPPORT FOR ECE NONPROFIT ORGANIZATIONS 25,000
    OCEANA INC
    1350 CONNECTICUT AVE NW STE 200
    WASHINGTON,DC200365425     		NONE PC OPERATING SUPPORT 5,000
    OLE EDUCATION FUND
    411 BELLAMAH AVE NW
    ALBUQUERQUE,NM871021315     		NONE PC OPERATING SUPPORT 50,000
    OPEN PRIMARIES EDUCATION FUND
    350 7TH AVE STE 2003
    NEW YORK,NY100011930     		NONE PC RESEARCH ON NM CLOSED PRIMARIES SYSTEM 5,000
    ORANGE COAST COMMUNITY COLLEGE
    2701 FAIRVIEW RD
    COSTA MESA,CA926265563     		NONE PC OPERATING SUPPORT 2,000
    PROTEUS FUND
    15 RESEARCH DRIVE STE B
    AMHERST,MA010022776     		NONE PC OPERATING SUPPORT 25,000
    READING QUEST
    991 CAMINO CONSUELO
    SANTA FE,NM875075036     		NONE PC OPERATING SUPPORT 25,000
    REGENTS OF THE UNIVERSITY OF NEW MEXICO
    1 UNIVERSITY OF NEW MEXICO
    MSC09-5220
    ALBUQUERQUE,NM871310001     		NONE GOV RESEARCH TO INCREASE HOME VISITING REFERRALS 85,000
    REGENTS OF UNIVERSITY OF NEW MEXICO
    1 UNIVERSITY OF NEW MEXICO
    MSC09-5220
    ALBUQUERQUE,NM871310001     		NONE GOV UNM TAOS RESIDENCY PROGRAM AND COMMUNITY LAB SCHOOL MODEL, NET OF UNM REFUND 21,315
    ROCKY MOUNTAIN PLANNED PARENTHOOD
    7155 E 38TH AVE
    DENVER,CO802071630     		NONE PC PROGRAM SUPPORT TO IMPLEMENT LONG ACTING REVERSIBLE CONTRACEPTIVES EXPANSION 25,000
    SANTA FE CHAMBER OPPORTUNITIES
    PO BOX 1928
    SANTA FE,NM875041928     		NONE PC STRENGTHENING NM JOURNALISM: DATA TRAINING & COLLABORATION 5,000
    SANTA FE CHILDREN'S MUSEUM
    1050 OLD PECOS TRAIL
    SANTA FE,NM875052688     		NONE PC OPERATING SUPPORT 7,000
    SANTA FE COMMUNITY COLLEGE FOUNDATION
    6401 RICHARDS AVE 111
    SANTA FE,NM875084887     		NONE PC PROJECT SUPPORT: EARLY CHILDHOOD EDUCATION CENTER OF EXCELLENCE 100,000
    SANTA FE COMMUNITY FOUNDATION
    501 HALONA ST
    SANTA FE,NM875050301     		NONE PC PROJECT SUPPORT: EARLY CHILDHOOD EDUCATION PUBLIC OUTREACH 235,000
    SANTA FE DREAMERS PROJECT
    PO BOX 8009
    SANTA FE,NM87504     		NONE PC OPERATING SUPPORT 5,000
    SANTA FE GIRLS SCHOOL
    310 W ZIA RD
    SANTA FE,NM875055723     		NONE PC OPERATING SUPPORT 5,000
    SANTA FE MOUNTAIN CENTER
    1524 BISHOPS LODGE RD B
    SANTA FE,NM87506     		NONE PC OPERATING SUPPORT 5,000
    SANTA FE PREPARATORY SCHOOL
    1101 CAMINO DE LA CRUZ BLANCA
    SANTA FE,NM875050391     		NONE PC OPERATING SUPPORT 50,000
    SANTA FE SCHOOL FOR THE ARTS & SCIENCES
    5912 JAGUAR DR
    SANTA FE,NM875071630     		NONE PC CAPITAL GRANT CAMPAIGN 50,000
    SCHOOL YEAR ABROAD
    120 WATER ST STE 310
    NORTH ANDOVER,MA018452650     		NONE PC OPERATING SUPPORT 5,000
    SEARCHLIGHT NEW MEXICO
    202 E MARCY ST
    SANTA FE,NM875012021     		NONE PC INVESTIGATIVE REPORTING ON CHILD WELL-BEING IN NEW MEXICO & NM ACCOUNTING CONVERSION 162,250
    SHATTUCK - ST MARY'S SCHOOL
    PO BOX 218
    FARIBAULT,MN550210218     		NONE PC OPERATING SUPPORT 25,000
    SITE SANTA FE
    1606 PASEO DE PERALTA
    SANTA FE,NM875013724     		NONE PC CAPITAL CAMPAIGN: SITE SANTA FE BUILDING 50,000
    SO CAL AGRICULTURE LAND FOUNDATION
    7698 EUCALYPTUS AVE
    ONTARIO,CA917627711     		NONE PC OPERATING SUPPORT 2,000
    SOCIETY OF PROFESSIONAL JOURNALISTS
    4709 TRUMBULL AVE SE
    ALBUQUERQUE,NM871083550     		NONE PC STRENGTHENING NM JOURNALISM: DATA TRAINING & COLLABORATION 25,000
    SOLACE CRISIS TREATMENT CENTER
    6601 VALENTINE WAY
    SANTA FE,NM875077301     		NONE PC OPERATING SUPPORT 5,000
    ST ELIZABETH'S SHELTER
    804 ALARID
    SANTA FE,NM875053040     		NONE PC OPERATING SUPPORT 10,000
    ST JOHN'S COLLEGE
    1101 CAMINO DE LA CRUZ BLANCA
    SANTA FE,NM875054584     		NONE PC OPERATING SUPPORT 20,000
    SUSAN G KOMEN BREAST CANCER FOUNDATION
    PO BOX 650309
    DALLAS,TX75265     		NONE PC OPERATING SUPPORT 1,000
    THE GRANTS COLLECTIVE
    610 RIO GRANDE BLVD NW
    ALBUQUERQUE,NM87194     		NONE PC RESEARCH: ROLE FOR CITY TO EXPAND INVESTMENT INTO LOCAL AGRICULTURE 80,000
    THE QUIVIRA COALITION
    1413 2ND ST STE 1
    SANTA FE,NM875053435     		NONE PC EVENT SPONSORSHIP 85,000
    THE ROADRUNNER FOOD BANK
    5840 OFFICE BLVD NE
    ALBUQUERQUE,NM871095819     		NONE PC OPERATING SUPPORT 10,000
    THINK NEW MEXICO
    1227 PASEO DE PERALTA
    SANTA FE,NM875012758     		NONE PC OPERATING SUPPORT 25,000
    TULANE UNIVERSITY
    1555 POYDRAS ST STE 1000
    NEW ORLEANS,LA701123710     		NONE PC OPERATING SUPPORT 25,000
    UNITED WAY OF SANTA FE COUNTYNM EARLY CHILDHOOD DEVELOPMENT PARTNERSHIP
    440 CERRILLOS RD SUITE A
    SANTA FE,NM875012644     		NONE PC SUPPORT PUBLIC EDUCATION AND RESEARCH REGARDING EARLY CHILDHOOD EDUCATION IN NEW MEXICO 398,000
    UNIVERSITY OF NEW MEXICO TAOS
    1157 COUNTY ROAD 110
    RANCHOS DE TAOS,NM875576000     		NONE GOV EARLY CHILDHOOD EDUCATION CURRICULUM REVIEW 15,000
    WESTERN LANDOWNERS ALLIANCE
    PO BOX 6278
    SANTA FE,NM875026278     		NONE PC ADVANCE RESEARCH PRACTICES THAT SUSTAIN WORKING LANDS 256,000
    WESTERN NEW MEXICO UNIVERSITY
    PO BOX 680
    SILVER CITY,NM88062     		NONE GOV SUPPORT EARLY CHILDHOOD PROGRAMS 37,500
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA012672141     		NONE PC OPERATING SUPPORT 25,000
    YOUTH SHELTER AND FAMILY SERVICES
    PO BOX 28279
    SANTA FE,NM875928279     		NONE PC OPERATING SUPPORT 5,000
    Total .................................bullet 3a 5,112,154
    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 2,228,240  
    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 ............     		    14 1,275,534  
    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 3,503,774 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,503,774
    (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:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 18,129 0   0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ORGANIZATIONAL COSTS 1998-09-01 510 510 SL 160.000000000000 0 0    
    COMPUTER EQUIPMENT 2013-05-20 1,771 1,623 SL 5.000000000000 148 0    
    COMPUTER EQUIPMENT 2013-05-21 2,409 2,209 SL 5.000000000000 200 0    
    COMPUTER SOFTWARE 2013-05-20 233 233 SL 3.000000000000 0 0    
    COMPUTER SOFTWARE 2013-05-21 231 231 SL 3.000000000000 0 0    
    COMPUTER EQUIPMENT 2014-03-26 10,077 7,557 SL 5.000000000000 2,015 0    
    COMPUTER EQUIPMENT 2014-07-09 1,036 725 SL 5.000000000000 207 0    

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GLENMEDE FUND INC-GOVT CASH AT COST 4,476,160 4,476,160
    GLENMEDE PRIVATE INVESTMENT FD IX AT COST 630,000 966,021
    GLENMEDE PRIVATE INVESTMENT FD VIII AT COST 1,920,000 2,335,404
    GLENMEDE PRIVATE INVESTMENT FD X AT COST 800,000 971,304
    RENAISSANCE INSTUTIONAL AT COST 7,000,000 8,255,756
    RIVERSIDE CAPITAL APPRECIATION VI AT COST 443,125 790,507
    SCHWAB FIXED INCOME FUND AT COST 1,605,744 1,891,114
    SL CAPITAL SOF I LP AT COST 521,997 1,089,287
    TCG BDC INC AT COST 654,056 425,414
    THORNBURG BETTER WORLD INT'L AT COST 5,892,559 5,745,889
    THORNBURG CORE GROWTH FUND AT COST 4,287,596 6,237,225
    THORNBURG DEVELOPING WORLD FUND AT COST 4,093,061 4,517,515
    THORNBURG GLOBAL OPPORTUNITIES FUND AT COST 4,838,629 5,856,598
    THORNBURG INCOME BUILDER FUND AT COST 13,788,890 14,648,038
    THORNBURG INTERNATIONAL GROWTH FUND AT COST 5,373,103 5,593,748
    THORNBURG INTERNATIONAL VALUE FUND AT COST 5,264,751 3,786,529
    THORNBURG LONG/SHORT EQ FUND AT COST 7,530,275 6,973,894
    THORNBURG LTD TERM US GOVT FUND AT COST 17,400,310 17,054,167
    THORNBURG STRATEGIC INCOME FUND AT COST 4,603,960 4,354,907
    THORNBURG VALUE FUND AT COST 5,075,939 6,591,054
    VANGUARD REIT AT COST 1,995,480 1,833,826
    BROADSTONE NET LEASE AT COST 2,041,735 2,115,251

    TY 2018 LegalFeesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,920 0   3,738


    TY 2018 OtherAssetsSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 4,600    


    TY 2018 OtherExpensesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EVENT EXPENSES- HARNER AWARD 32,840 0   32,840
    POSTAGE AND SHIPPING 419 0   4
    SUPPLIES 3,170 0   182
    TELEPHONE 3,208 0   2,946
    INSURANCE 6,004 0   1,930
    DUES & SUBSCRIPTIONS 15,452 0   12,983
    MEALS & ENTERTAINMENT 2,039 0   32
    INVESTMENT CUSTODY&MGMT FEE 71,805 71,805   0
    COMPUTER/SOFTWARE EXPENSES 21,339 0   13,925
    OTHER EXPENSES 955 0   825
    TRAINING 2,619 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GLENMEDE PRIVATE INVEST FD VIII-B   70,803  
    RIVERSIDE CAP APPREC FUND VI   108,791  
    SL CAPITAL SOF I LP   117,630  
    RCAF VI AIV II, LP   181  
    GLENMEDE PRIVATE INVEST FD IX   726  
    RENAISSANCE INSTITUTIONAL EQ FD   93,823  
    GLENMEDE PRIVATE INVEST FD X   -154,565  


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Description Beginning of Year - Book Value End of Year - Book Value
    EMPLOYEE FSA WITHHOLDING 1,237 846


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 139,376 0   134,145


    TY 2018 TaxesSchedule
    Name:
    THORNBURG FOUNDATION
    EIN:
    85-0457010
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX ON INVESTMENT INCOME 44,000 0   0