Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
VOLENTINE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)19 WEST CARRILLO STREET NO STE B
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA BARBARA, CA93101
A Employer identification number

77-0203235
B Telephone number (see instructions)

(805) 962-5719
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$27,551,466J 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 3,094 2,923  
4 Dividends and interest from securities... 557,880 557,880  
5a Gross rents............ 45,764 45,764  
b Net rental income or (loss) -13,518
6a Net gain or (loss) from sale of assets not on line 10 719,883
b Gross sales price for all assets on line 6a 6,623,199
7 Capital gain net income (from Part IV, line 2)... 719,883
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 21,743 795  
12 Total. Add lines 1 through 11........ 1,348,364 1,327,245  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 188,015 90,008   90,007
14 Other employee salaries and wages...... 11,503 11,503   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 57,298 42,974   14,325
c Other professional fees (attach schedule).... Click to see attachment 263,859 263,515   344
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 37,230 27,590   9,640
19 Depreciation (attach schedule) and depletion... Click to see attachment 57,231 44,136  
20 Occupancy.............. 13,973 6,987   6,987
21 Travel, conferences, and meetings....... 10,044 5,022   5,022
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 57,833 42,861   14,587
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 696,986 534,596   140,912
25 Contributions, gifts, grants paid....... 1,408,240 1,408,240
26 Total expenses and disbursements. Add lines 24 and 25 2,105,226 534,596   1,549,152
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -756,862
b Net investment income (if negative, enter -0-) 792,649
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.............      
2 Savings and temporary cash investments......... 621,301 1,094,548 1,094,548
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).....   538 538
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 bullet1,293,194
Less: accumulated depreciation (attach schedule) bullet333,283 978,515 Click to see attachment959,911 1,401,084
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 24,416,698 Click to see attachment23,208,837 23,904,991
14 Land, buildings, and equipment: basis bullet1,095,995
Less: accumulated depreciation (attach schedule) bullet319,016 791,723 Click to see attachment776,979 1,141,863
15 Other assets (describe bullet) Click to see attachment235 Click to see attachment8,442 Click to see attachment8,442
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,808,472 26,049,255 27,551,466
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 attachment10,858 Click to see attachment8,503
23 Total liabilities (add lines 17 through 22)......... 10,858 8,503
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 26,797,614 26,040,752
30 Total net assets or fund balances (see instructions)..... 26,797,614 26,040,752
31 Total liabilities and net assets/fund balances (see instructions). 26,808,472 26,049,255
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
26,797,614
2
Enter amount from Part I, line 27a .....................
2
-756,862
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
26,040,752
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
26,040,752
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 GOLDMAN SACHS #7660 HARDING   2017-01-01 2018-12-31
b GOLDMAN SACHS #8452 EQUITIES & FIXED INCOME   2017-01-01 2018-12-31
c GOLDMAN SACHS #8668   2017-01-01 2018-12-31
d GOLDMAN SACHS #8718 CORPORATE FIXED INCOME   2017-01-01 2018-12-31
e GOLDMAN SACHS #8726   2017-01-01 2018-12-31
GOLDMAN SACHS #8734   2017-01-01 2018-12-31
GOLDMAN SACHS #8742   2017-01-01 2018-12-31
MONTECITO BANK & TRUST #8459-00   2017-01-01 2018-12-31
MONTECITO BANK & TRUST #8459-01   2017-01-01 2018-12-31
NORTHERN TRUST #96747   2017-01-01 2018-12-31
NORTHERN TRUST #4747   2017-01-01 2018-12-31
NT HEDGE FUND PARTNERSHIP   2017-01-01 2018-12-31
NT PRIVATE EQUITY PARTNERSHIP   2017-01-01 2018-12-31
TERRAPIN PARTNERS OFFSHORE, LTD   2017-01-01 2018-12-31
COST BASIS ADJUSTMENTS   2017-01-01 2018-12-31
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 88,145   84,832 3,313
b 920,607   905,137 15,470
c 448,826   449,290 -464
d 754,259   696,646 57,613
e 297,032   229,318 67,714
95,518   58,193 37,325
      0
1,397,056   1,243,277 153,779
147,967   153,582 -5,615
1,391,672   1,334,876 56,796
773,180   741,688 31,492
41,391     41,391
185,054     185,054
1,943   1,943 0
    4,534 -4,534
80,549     80,549
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       3,313
b       15,470
c       -464
d       57,613
e       67,714
      37,325
      0
      153,779
      -5,615
      56,796
      31,492
      41,391
      185,054
      0
      -4,534
      80,549
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 2 719,883
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,500,633 28,330,759 0.052968
2016 1,394,378 27,217,957 0.051230
2015 1,372,396 28,750,643 0.047734
2014 1,297,947 29,324,346 0.044262
2013 1,186,353 27,933,490 0.042471
2
Total of line 1, column (d) .....................
2
0.238665
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
0.047733
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
28,718,918
5
Multiply line 4 by line 3......................
5
1,370,840
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,926
7
Add lines 5 and 6........................
7
1,378,766
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,549,152
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 7,926
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 7,926
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 7,926
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 12,119
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,619
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 14,693
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet14,693 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCLAUDETTE SABIRON Telephone no.bullet (805) 962-5719

    Located atbullet19 WEST CARRILLO STREETSANTA BARBARACA ZIP+4bullet93101
    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
    NANCY K POPENHAGEN PRESIDENT
    3.00     		58,933 0 3,485
    19 W CARRILLO STREET
    SANTA BARBARA,CA93101
    DIANE K HAYES VICE PRESIDENT
    11.00     		42,582 13,448 1,742
    19 W CARRILLO STREET
    SANTA BARBARA,CA93101
    CLAUDETTE SABIRON SECRETARY
    30.00     		58,500 4,950 0
    19 W CARRILLO STREET
    SANTA BARBARA,CA93101
    CATHERINE MACAULAY TREASURER
    1.00     		14,000 0 0
    19 W CARRILLO STREET
    SANTA BARBARA,CA93101
    RICHARD A NIGHTINGALE CHIEF FINANCIAL OFFICER
    1.00     		14,000 0 0
    19 W CARRILLO STREET
    SANTA BARBARA,CA93101
    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
    26,822,643
    b
    Average of monthly cash balances.......................
    1b
    914,626
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,418,993
    d
    Total (add lines 1a, b, and c).........................
    1d
    29,156,262
    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
    29,156,262
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    437,344
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,718,918
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,435,946
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,435,946
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    7,926
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    3,349
    c
    Add lines 2a and 2b............................
    2c
    11,275
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,424,671
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,424,671
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,424,671
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,549,152
    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
    1,549,152
    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
    7,926
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,541,226
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 1,424,671
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 1,226,658
    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$ 1,549,152
    a Applied to 2017, but not more than line 2a 1,226,658
    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..... 322,494
    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 ..........     		1,102,177
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    VOLENTINE FAMILY FOUNDATION
    19 W CARRILLO STREET
    SANTA BARBARA,CA93101
    (805) 962-5719
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT REQUEST APPLICATION AND APPLICABLE SUPPORTING DOCUMENTATION
    cAny submission deadlines:
    APRIL 20
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE LIMITED TO ORGANIZATIONS OPERATING IN THE FOLLOWING GEOGRAPHICAL AREAS: SANTA BARBARA, CA, MCCOOK, NE AND LOVELAND, CO
    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
    ACADEMY OF HEALING ARTS FOR TEENS (AHA)
    1209 DE LA VINA ST STE A
    SANTA BARBARA,CA93101     		NONE PC YOUTH SUPPORT SERVICES 10,000
    ALANO CLUB OF SANTA BARBARA
    235 E COTA ST
    SANTA BARBARA,CA93101     		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 178,152
    ALEXANDER HOUSE
    PO BOX 23642
    SANTA BARBARA,CA93121     		NONE PC COMMUNITY SUPPORT SERVICES 10,000
    AMERICAN HEART ASSOCIATION
    212 W FIGUEROA ST
    SANTA BARBARA,CA93101     		NONE PC HUMAN HEALTH SERVICES 1,000
    ANGELS FOSTER CARE OF SANTA BARBARA
    3905 STATE ST STE 7
    SANTA BARBARA,CA93105     		NONE PC YOUTH SUPPORT SERVICES 2,000
    ASSISTANCE LEAGUE
    1249 VERONICA SPRINGS RD
    SANTA BARBARA,CA93105     		NONE PC SCHOOL BELL PROGRAM 15,000
    BOYS & GIRLS CLUB OF LARIMER COUNTY
    103 SMOKEY ST
    FORT COLLINS,CO80525     		NONE PC YOUTH SUPPORT SERVICES 10,000
    CALM
    1236 CHAPALA ST
    SANTA BARBARA,CA93101     		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 10,000
    CANCER CENTER OF SANTA BARBARA
    300 W PUEBLO ST
    SANTA BARBARA,CA93105     		NONE PC HUMAN HEALTH SERVICES 3,000
    CASA COURT APPOINTED SPECIAL ADVOCATES
    402 E GUTIERREZ ST
    SANTA BARBARA,CA93101     		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 10,000
    CASA SERENA
    1515 BATH ST
    SANTA BARBARA,CA93101     		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 30,250
    CHILDREN'S MUSEUM OF SANTA BARBARA (MOXI)
    125 STATE ST
    SANTA BARBARA,CA93101     		NONE PC EDUCATION 10,000
    CITY OF GOODYEAR
    190 N LITCHFIELD RD
    GOODYEAR,AZ85338     		NONE PC COMMUNITY SUPPORT SERVICES 10,000
    COMMUNITY HOSPITAL HEALTH FOUNDATION
    PO BOX 1328
    MCCOOK,NE69001     		NONE PC HUMAN HEALTH SERVICES 10,000
    COMMUNITY KITCHEN
    816 CACIQUE ST
    SANTA BARBARA,CA93103     		NONE PC FAMILY SUPPORT SERVICES 3,000
    COTTAGE REHAB HOSPITAL FOUNDATION
    2415 DE LA VINA ST
    SANTA BARBARA,CA93105     		NONE PC HUMAN HEALTH SERVICES 10,000
    COUNCIL ON ALCOHOLISM & DRUG ABUSE
    PO BOX 28
    SANTA BARBARA,CA93102     		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 22,250
    DOMESTIC VIOLENCE SOLUTIONS
    PO BOX 3782
    SANTA BARBARA,CA93103     		NONE PC FAMILY SUPPORT SERVICES 10,000
    DREAM FOUNDATION
    1528 CHAPALA ST 304
    SANTA BARBARA,CA93101     		NONE PC DREAMS FOR VETERANS 5,000
    EASTSIDE BOYS & GIRLS CLUB
    632 E CANON PERDIDO ST
    SANTA BARBARA,CA93101     		NONE PC YOUTH SUPPORT SERVICES 10,000
    EATON SCHOOL DISTRICT
    200 PARK AVE
    EATON,CO80615     		NONE PC EDUCATION 790
    ED THOMAS YMCA
    901 W E ST
    MCCOOK,NE69001     		NONE PC RECREATION AND SPORTS 10,000
    ESTES PARK SCHOOL DISTRICT RE3
    1605 BRODIE AVE
    ESTES PARK,CO80517     		NONE PC EDUCATION 3,910
    FAMILY SERVICE AGENCY
    123 W GUTIERREZ ST
    SANTA BARBARA,CA93101     		NONE PC FAMILY SUPPORT SERVICES 10,000
    FOOD FROM THE HEART
    PO BOX 3908
    SANTA BARBARA,CA93130     		NONE PC FAMILY SUPPORT SERVICES 13,100
    FOODBANK OF SANTA BARBARA
    4554 HOLLISTER AVE
    SANTA BARBARA,CA93110     		NONE PC FAMILY SUPPORT SERVICES 25,000
    FOUNDATION FOR SBCCCARE
    721 CLIFF DR
    SANTA BARBARA,CA93109     		NONE PC EDUCATION 20,599
    GIRLS INC
    HOLLISTER AVE
    SANTA BARBARA,CA93111     		NONE PC YOUTH SUPPORT SERVICES 15,000
    GREATER SANTA BARBARA ICE SKATING ASSOCIATION
    PO BOX 478
    SANTA BARBARA,CA93102     		NONE PC RECREATION AND SPORTS 5,000
    HARMONY FOUNDATION INC
    1600 FISH HATCHERY RD
    ESTES PARK,CO80517     		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 17,800
    HEARTS & HORSES
    163 N COUNTY RD 29
    LOVELAND,CO80537     		NONE PC DISABILITY SUPPORT SERVICES 10,000
    HIGHLAND HIGH SCHOOL
    2900 ROYAL SCOTS WAY
    BAKERSFIELD,CA93306     		NONE PC EDUCATION 4,778
    HOSPICE OF SANTA BARBARA INC
    520 W JUNIPERO ST
    SANTA BARBARA,CA93105     		NONE PC HUMAN HEALTH SERVICES 11,350
    HOUSE OF NEIGHBORLY SERVICE
    565 N CLEVELAND AVE
    LOVELAND,CO80537     		NONE PC FAMILY SUPPORT SERVICES 13,200
    JUSTICE HIGH SCHOOL
    805 EXCALIBUR ST
    LAFAYETTE,CO80026     		NONE PC EDUCATION 4,875
    KIDS PACK HOPE AND CHARITY FOR CHILDREN
    3725 FRONTAGE RD NORTH STE 1
    LAKELAND,FL33810     		NONE PC YOUTH SERVICES 3,000
    LOVELAND FOOD BANK
    245 S MADISON AVE
    LOVELAND,CO80537     		NONE PC FAMILY SUPPORT SERVICES 70,000
    MCCOOK COLLEGE FOUNDATION
    1205 E 3RD ST
    MCCOOK,NE69001     		NONE PC EDUCATION 10,000
    MEALS ON WHEELS LOVELAND & BERTHOUD
    535 N DOUGLAS AVE
    LOVELAND,CO80537     		NONE PC FAMILY SUPPORT SERVICES 20,000
    MENTAL WELLNESS CENTER
    617 GARDEN ST
    SANTA BARBARA,CA93101     		NONE PC HUMAN HEALTH SERVICES 10,000
    NATURAL DISASTER SEARCH DOG FOUNDATION
    501 E OJAI AVE
    OJAI,CA93023     		NONE PC DISASTER SUPPORT SERVICES 25,000
    NEW HOUSE
    2434 BATH ST
    SANTA BARBARA,CA93105     		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 28,725
    PACIFIC PRIDE FOUNDATION
    608 ANACAPA ST
    SANTA BARBARA,CA93101     		NONE PC COMMUNITY SUPPORT SERVICES 10,000
    PAGE YOUTH CENTER
    4540 HOLLISTER AVE
    SANTA BARBARA,CA93110     		NONE PC RECREATION AND SPORTS 15,000
    PATHPOINT
    315 W HALEY ST 102
    SANTA BARBARA,CA93101     		NONE PC DISABILITY SUPPORT SERVICES 10,000
    PATHWAYS HOSPICE
    585 N MARY AVE
    SUNNYVALE,CA94085     		NONE PC HUMAN HEALTH SERVICES 10,000
    PINNACLE CHARTER SCHOOL
    1001 W 84TH AVE
    DENVER,CO80260     		NONE PC EDUCATION 5,860
    POLICE ACTION LEAGUE (PAL)
    222 E ANAPAMU STE 24
    SANTA BARBARA,CA93190     		NONE PC YOUTH SUPPORT SERVICES 10,000
    PROJECT SELF-SUFFICIENCY
    2001 S SHIELD ST D-203
    FORT COLLINS,CO80526     		NONE PC FAMILY SUPPORT SERVICES 10,000
    RESURRECTION CHRISTIAN SCHOOL
    6508 E CROSS ROADS BLVD
    LOVELAND,CO80538     		NONE PC EDUCATION 4,105
    ROCKY MOUNTAIN LUTHERAN HIGH SCHOOL
    2300 W 90TH AVE
    DENVER,CO80260     		NONE PC EDUCATION 390
    SALVATION ARMY
    PO BOX 6190
    SANTA BARBARA,CA93160     		NONE PC HOMELESS SUPPORT SERVICES 15,000
    SALVATION ARMY OF LOVELAND
    840 N LINCOLN AVE
    LOVELAND,CO80537     		NONE PC GENERAL 10,000
    SANTA BARBARA ATHLETIC ROUND TABLE
    PO BOX 3813
    SANTA BARBARA,CA93130     		NONE PC RECREATION AND SPORTS 2,000
    SANTA BARBARA CITY COLLEGE PROMISE
    721 CLIFF DR
    SANTA BARBARA,CA93109     		NONE PC EDUCATION 50,000
    SANTA BARBARA COTTAGE HOSPITAL FOUNDATION
    PO BOX 689
    SANTA BARBARA,CA93102     		NONE PC HUMAN HEALTH SERVICES 50,000
    SANTA BARBARA INTERNATIONAL FILM FESTIVAL
    1528 CHAPALA ST 203
    SANTA BARBARA,CA93101     		NONE PC ARTS 25,000
    SANTA BARBARA MUSEUM OF NATURAL HISTORY
    2559 PUESTA DEL SOL
    SANTA BARBARA,CA93105     		NONE PC EDUCATION 10,000
    SANTA BARBARA NEIGHBORHOOD CLINICS
    970 EMBARCADERO DEL MAR
    ISLA VISTA,CA93117     		NONE PC HUMAN HEALTH SERVICES 30,000
    SANTA BARBARA POLICE OFFICERS ASSOCIATION
    PO BOX 687
    SANTA BARBARA,CA93102     		NONE PC COMMUNITY SUPPORT SERVICES 500
    SANTA BARBARA RESCUE MISSION
    535 E YANONALI ST
    SANTA BARBARA,CA93103     		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 71,000
    SANTA BARBARA SCHOOL OF SQUASH
    1530 CHAPALA ST STE B
    SANTA BARBARA,CA93101     		NONE PC RECREATION AND SPORTS 10,000
    SANTA BARBARA YMCA
    36 HITCHCOCK WAY
    SANTA BARBARA,CA93105     		NONE PC RECREATION AND SPORTS 10,000
    SANTA BARBARA ZOO
    500 NINOS DR
    SANTA BARBARA,CA93103     		NONE PC EDUCATION 10,000
    SANTA COPS OF LARIMER COUNTY
    PO BOX 580
    FORT COLLINS,CO80522     		NONE PC YOUTH SUPPORT SERVICES 2,500
    SCHOLARSHIP FOUNDATION OF SANTA BARBARA
    PO BOX 3620
    SANTA BARBARA,CA93130     		NONE PC EDUCATION 30,000
    STORYTELLER
    2115 STATE ST
    SANTA BARBARA,CA93105     		NONE PC EDUCATION 10,000
    TEDDY BEAR CANCER FOUNDATION
    133 E DE LA GUERRA ST 163
    SANTA BARBARA,CA93101     		NONE PC HUMAN HEALTH SERVICES 14,500
    THE FIRST TEE CENTRAL COAST
    PO BOX 1611
    SUMMERLAND,CA93067     		NONE PC RECREATION AND SPORTS 15,000
    THOMPSON R-2J SCHOOL DISTRICT
    800 S TAFT AVE
    LOVELAND,CO80537     		NONE PC EDUCATION 25,000
    TRANSITION HOUSE
    425 E COTA ST
    SANTA BARBARA,CA93101     		NONE PC FAMILY SUPPORT SERVICES 19,000
    UCSB FOUNDATION
    1210 CHEADLE HALL
    SANTA BARBARA,CA93106     		NONE PC GUARDIAN SCHOLARS PROGRAM 10,000
    UNITED BOYS & GIRLS CLUB OF SANTA BARBARA
    5701 HOLISTER AVE
    GOLETA,CA93116     		NONE PC YOUTH SUPPORT SERVICES 15,000
    UNITED WAY OF SANTA BARBARA
    320 E GUTIERREZ ST
    SANTA BARBARA,CA93101     		NONE PC COMMUNITY SUPPORT SERVICES 28,000
    UNITY SHOPPE
    1236 CHAPALA ST
    SANTA BARBARA,CA93101     		NONE PC FAMILY SUPPORT SERVICES 45,000
    VISITING NURSE & HOSPICE CARE
    220 E CANON PERDIDO ST
    SANTA BARBARA,CA93101     		NONE PC HUMAN HEALTH SERVICES 17,500
    WELD COUNTY RE-1 SCHOOL DISTRICT
    14827 WELD COUNTY RD 42
    GILCREST,CO80623     		NONE PC EDUCATION 14,040
    WELD COUNTY RE-3J SCHOOL DISTRICT
    99 W BROADWAY ST
    KEENESBURG,CO80643     		NONE PC EDUCATION 6,835
    WELD COUNTY RE-8 SCHOOL DISTRICT
    301 REYNOLDS ST
    FORT LUPTON,CO80621     		NONE PC EDUCATION 14,430
    WELD COUNTY SCHOOL DISTRICT RE-7
    501 CLARK ST
    KERSEY,CO80644     		NONE PC EDUCATION 4,485
    WINDSOR MIDDLE SCHOOL
    1100 MAIN ST
    WINDSOR,CO80550     		NONE PC EDUCATION 878
    WINDSOR SCHOOL DISTRICT
    1020 MAIN ST
    WINDSOR,CO80550     		NONE PC EDUCATION 878
    YOUNG LIFE
    123 W PADRE ST 3
    SANTA BARBARA,CA93105     		NONE PC YOUTH SUPPORT SERVICES 16,000
    YOUTH AND FAMILY SERVICES YMCA
    105 E CARRILLO ST
    SANTA BARBARA,CA93101     		NONE PC FAMILY PROGRAMS 10,000
    BISHOP GARCIA DIEGO HIGH SCHOOL
    4000 LA COLINA RD
    SANTA BARBARA,CA93110     		NONE PC EDUCATION 2,000
    CARE4PAWS
    PO BOX 60524
    SANTA BARBARA,CA93160     		NONE PC ANIMAL WELFARE 2,500
    ORGANIC SOUP KITCHEN
    315 MEIGS RD STE A 369
    SANTA BARBARA,CA93109     		NONE PC COMMUNITY SUPPORT SERVICES 10,000
    SALT RIVER WILD HORSE MANAGEMENT
    4610 N 68TH ST UNIT 477
    SCOTTSDALE,AZ85251     		NONE PC ANIMAL WELFARE 2,500
    SANTA BARBARA COUNTY SEARCH AND RESCUE
    PO BOX 6602
    SANTA BARBARA,CA93160     		NONE PC DISASTER SUPPORT SERVICES 10,000
    STARGATE SCHOOL
    14530 WASHINGTON ST
    THORNTON,CO80023     		NONE PC EDUCATION 1,560
    VITAMIN ANGELS
    111 W MICHELTORENA ST 300
    SANTA BARBARA,CA93140     		NONE PC HUMAN HEALTH SERVICES 5,000
    YOUTH INTERACTIVE
    1219 STATE ST
    SANTA BARBARA,CA93101     		NONE PC YOUTH SUPPORT SERVICES 5,000
    Total .................................bullet 3a 1,408,240
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 3,094  
    4 Dividends and interest from securities....     14 557,880  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -13,518  
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 523000 16,948 01 4,795  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 719,883  
    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).. 16,948 1,272,134 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,289,082
    (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:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DAMITZ, BROOKS, NIGTHINGALE, ET AL 57,298 42,974   14,325

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

    TY 2018 DepreciationSchedule
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    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
    BUILDING 2001-12-20 752,332 284,691 SL 39.000000000000 19,291 0    
    LAND 2001-12-20 112,418   L   0 0    
    FMV IN EXCESS OF BASIS 2001-12-20 60,000   L   0 0    
    FOUNDATION OFFICE CHAIRS 2004-02-17 3,507 3,507 200DB 7.000000000000 0 0    
    CONFERENCE TABLE 2004-02-24 4,254 4,254 200DB 7.000000000000 0 0    
    OFFICE FURNITURE 2005-10-27 2,353 2,287 200DB 7.000000000000 0 0    
    OFFICE FURNITURE 2006-04-30 1,540 1,540 200DB 7.000000000000 0 0    
    HP LASER JET P3015 2011-01-03 795 795 SL 5.000000000000 0 0    
    HP LASER JET P3015 2011-06-30 630 630 SL 5.000000000000 0 0    
    BUILDING REMODEL 2012-07-01 892,939 125,928 SL 39.000000000000 22,896 0    
    DESK 2012-01-25 10,364 10,364 SL 5.000000000000 0 0    
    BUILDING REMODEL 2013-07-01 30,678 3,541 SL 39.000000000000 787 0    
    REMOVABLE WALL 2013-07-01 19,855 5,958 SL 15.000000000000 1,324 0    
    BUILDING REMODEL 2015-07-01 51,305 3,290 SL 39.000000000000 1,316 0    
    BUILDING 2001-12-20 335,168 144,018 SL 39.000000000000 8,594 0    
    LAND 2001-12-20 50,082   L   0 0    
    ELECTRICAL RECONFIGURATION 2014-09-30 5,512 458 SL 39.000000000000 141 0    
    DELL OFFICE COMPUTER 2014-12-15 2,594 1,600 SL 5.000000000000 519 0    
    COPIER 2014-06-06 1,101 788 SL 5.000000000000 220 0    
    KEYLESS LOCKING SYSTEM 2016-07-12 8,334 834 SL 15.000000000000 556 0    
    BUILDING REMODEL 2016-11-09 19,546 585 SL 39.000000000000 501 0    
    HID ACCESS CONTROL SYSTEM 2018-04-05 10,390   SL 15.000000000000 520 0    
    CARPET 2018-03-19 2,560   SL 5.000000000000 384 0    
    MAILBOX 2018-11-29 10,938   SL 5.000000000000 182 0    

    TY 2018 GeneralExplanationAttachment
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Identifier Return Reference Explanation
    PART VII-B, LINE 1A(3): FORM 990-PF THE FOUNDATION UTILIZES THE SERVICES OF THE CPA FIRM DAMITZ,BROOKS, NIGHTINGALE, TURNER & MORRISSET FOR TAX RETURNAND ACCOUNTING SERVICES; MRS. MACAULAY IS A PARTNEROF THE ACCOUNTING FIRM AND A TREASURER OF THE FOUNDATION.FOR THESE SERVICES THE FOUNDATION PAYS THE USUAL ANDCUSTOMARY FEES AS BILLED TO IT BY THIS ENTITY.

    TY 2018 InvestmentsLandSchedule2
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 565,500 237,428 328,072 484,184
    LAND 115,700 0 115,700 170,755
    REMODEL 571,369 88,008 483,361 713,367
    FURNITURE AND FIXTURES 40,625 7,847 32,778 32,778

    TY 2018 InvestmentsOtherSchedule2
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TRITON PACIFIC AT COST 28,369 28,369
    LANX OFFSHORE PARTNERS II AT COST 1,812 1,812
    NORTHERN TRUST #797 AT COST 2,941,983 2,861,200
    NORTHERN TRUST DIVERSIFIED HEDGE FUND AT COST 4,705,318 4,350,759
    NORTHERN TRUST PRIVATE EQUITY AT COST 329,019 783,641
    NORTHER TRUST PRIVATE EQUITY CORE FUND AT COST 1,024,901 1,269,622
    MINERAL INTEREST - WATERFLOOD AT COST 10,025 10,025
    MINERAL INTEREST - ACKMAN AT COST 360 360
    GOLDMAN SACHS #7660 AT COST 533,801 558,931
    GOLDMAN SACHS #8452 AT COST 5,010,072 5,069,517
    GOLDMAN SACHS #8718 AT COST 2,930,232 2,855,118
    GOLDMAN SACHS #8726 AT COST 379,378 392,319
    GOLDMAN SACHS #8734 AT COST 843,159 970,009
    MONTECITO BANK & TRUST #8459-00 AT COST 2,998,187 3,313,063
    MONTECITO BANK & TRUST #8459-01 AT COST 1,472,221 1,440,246

    TY 2018 LandEtcSchedule2
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE AND FIXTURES 38,584 28,415 10,169 10,169
    REMODEL 428,611 71,435 357,176 527,137
    BUILDING 522,000 219,166 302,834 446,937
    LAND 106,800 0 106,800 157,620


    TY 2018 OtherAssetsSchedule
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LEASE COMMISSIONS 235 8,442 8,442


    TY 2018 OtherExpensesSchedule
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 20,054 10,027   10,027
    AUTO EXPENSE 1,174 587   587
    MISCELLANEOUS 2,924 1,462   1,462
    OFFICE EXPENSE 5,022 2,510   2,511
    FINANCE CHARGE 33 33   0
    RENTAL EXPENSES 28,242 28,242   0
    PASS-THRU PARTNERSHIP EXPENSES (NON-DEDUCTIBLE) 384 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP UNRELATED BUSINESS INCOME 16,948 0 16,948
    ROYALTY INCOME - MINERAL INTERESTS 5,075 5,075 5,075
    ORDINARY INCOME FROM PASSTHROUGHS 1,512 1,512 1,512
    IRS REFUND 4,000 0 4,000
    PARTNERSHIP PASS THROUGH INTEREST EXPENSE -5,792 -5,792 -5,792


    TY 2018 OtherLiabilitiesSchedule
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 1,697 359
    PAYROLL TAXES PAYABLE 3,886 5,144
    SECURITY DEPOSITS 5,275 3,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 256,226 256,226   0
    CONSULTING 7,633 7,289   344


    TY 2018 TaxesSchedule
    Name:
    VOLENTINE FAMILY FOUNDATION
    EIN:
    77-0203235
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEES 160 0   160
    PAYROLL TAXES 9,660 4,830   4,830
    REAL ESTATE TAXES 9,300 4,650   4,650
    FOREIGN TAXES ON INVESTMENT INCOME 17,776 17,776   0
    MINERAL TAX 334 334   0