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
THEODORE R AND VIVIAN M
JOHNSON SCHOLARSHIP FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)505 S FLAGLER DRIVE NO 810
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH, FL33401
A Employer identification number

31-1613890
B Telephone number (see instructions)

(561) 659-2005
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$156,348,810J 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 19,925 19,925  
4 Dividends and interest from securities... 3,167,463 3,167,463  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,811,909
b Gross sales price for all assets on line 6a 13,811,909
7 Capital gain net income (from Part IV, line 2)... 13,811,909
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 -55,360 -55,360  
12 Total. Add lines 1 through 11........ 16,943,937 16,943,937  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 778,047 105,182   672,865
14 Other employee salaries and wages...... 165,486 47,513   117,973
15 Pension plans, employee benefits....... 174,815 34,963   139,852
16a Legal fees (attach schedule)......... Click to see attachment 28,374 0   28,374
b Accounting fees (attach schedule)....... Click to see attachment 30,950 1,548   29,402
c Other professional fees (attach schedule).... Click to see attachment 456,479 342,917   113,562
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 515,055 515,055   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 97,696 0   97,696
21 Travel, conferences, and meetings....... 222,352 55,588   166,764
22 Printing and publications.......... 15,246 0   15,246
23 Other expenses (attach schedule)....... Click to see attachment 1,699,181 1,663,139   36,042
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,183,681 2,765,905   1,417,776
25 Contributions, gifts, grants paid....... 6,362,970 6,362,970
26 Total expenses and disbursements. Add lines 24 and 25 10,546,651 2,765,905   7,780,746
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,397,286
b Net investment income (if negative, enter -0-) 14,178,032
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......... 1,510,204 1,660,009 1,660,009
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)....... 145,399,539 Click to see attachment151,647,020 154,688,801
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)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 146,909,743 153,307,029 156,348,810
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 146,909,743 153,307,029
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 146,909,743 153,307,029
31 Total liabilities and net assets/fund balances (see instructions). 146,909,743 153,307,029
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
146,909,743
2
Enter amount from Part I, line 27a .....................
2
6,397,286
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
153,307,029
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
153,307,029
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 CAPITAL GAINS - K-1'S P   2018-12-31
b CAPITAL GAINS - K-1'S P   2018-12-31
c SECTION 1231 - K-1'S P   2018-12-31
d CAPITAL GAINS - K-1'S P   2018-12-31
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,612,546     1,612,546
b 8,252,571     8,252,571
c 88,295     88,295
d 3,858,497     3,858,497
e
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       1,612,546
b       8,252,571
c       88,295
d       3,858,497
e
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 13,811,909
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 7,907,686 164,497,789 0.048072
2016 8,113,740 156,129,204 0.051968
2015 8,093,273 164,088,007 0.049323
2014 7,831,115 169,460,787 0.046212
2013 7,608,298 160,669,146 0.047354
2
Total of line 1, column (d) .....................
2
0.242929
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
0.048586
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
168,389,571
5
Multiply line 4 by line 3......................
5
8,181,376
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
141,780
7
Add lines 5 and 6........................
7
8,323,156
8
Enter qualifying distributions from Part XII, line 4,.............
8
7,780,746
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 1 283,561
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........................... 3 283,561
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- ..... 5 283,561
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 248,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 242,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 490,000
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 10 206,439
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet206,439 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)
    bulletFL, MN, NY, NC, ME, UT, VA, WV, IL
    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.JSF.BZ
    14
    The books are in care ofbulletMR RICHARD A KRAUSE Telephone no.bullet (561) 659-2005

    Located atbullet505 S FLAGLER DRIVE STE 810WEST PALM BEACHFL ZIP+4bullet33401
    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
    RICHARD KRAUSE CFO
    40.00     		213,851 38,493 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    R MALCOLM MACLEOD CHAIRMAN/CEO/PRESIDENT/DIR
    40.00     		329,704 21,600 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    HUGH BROWN SECRETARY/CONSULTANT/DIREC
    4.00     		47,031 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    SHERRY SALWAY BLACK CONSULTANT/DIRECTOR
    4.00     		47,031 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    DAVID BLAIKIE CONSULTANT/DIRECTOR
    4.00     		47,031 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    ROBERT KRAUSE TREASURER/DIRECTOR
    2.00     		19,167 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    BEA AWONIYI DIRECTOR
    2.00     		19,167 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    I KING JORDAN DIRECTOR/VICE PRESIDENT (1/1-9/30)
    4.00     		35,065 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    MIKE J MILLER DIRECTOR (7/1-12/31)
    2.00     		10,000 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    BILL J CORWIN DIRECTOR (7/1-12/31)
    2.00     		10,000 0 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    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
    SHARON WOOD PROGRAM OFFICER & OF
    40.00     		99,835 29,951 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    LADY HEREFORD PROGRAM SPECIALIST
    40.00     		65,650 10,504 0
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    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
    CAMBRIDGE ASSOCIATES INC INVESTMENT ADVISORY 342,917
    PO BOX 83232
    CHICAGO,IL60691
    SILCHESTER INTERNATIONAL VALUE EQUITY INVESTMENT ADVISORY 184,975
    780 THIRD AVENUE 42ND FLOOR
    NEW YORK,NY10017
    ADAGE CAPITAL PARTNERS INVESTMENT ADVISORY 149,700
    200 CLARENDON ST 52ND FLOOR
    BOSTON,MA02116
    SEMPER VIC PARTNERS (QP) LP INVESTMENT ADVISORY 105,951
    223 EAST CHESTNUT STREET
    LANCASTER,PA17602
    DAVIDSON KEMPNER CAPITAL MANAGEMENT INVESTMENT ADVISORY 63,558
    520 MADISON AVE
    NEW YORK,NY10022
    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
    168,618,545
    b
    Average of monthly cash balances.......................
    1b
    2,335,334
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    170,953,879
    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
    170,953,879
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,564,308
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    168,389,571
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,419,479
    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
    8,419,479
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    283,561
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    283,561
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,135,918
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,135,918
    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
    8,135,918
    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
    7,780,746
    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
    7,780,746
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,780,746
    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 8,135,918
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 7,656,936
    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$ 7,780,746
    a Applied to 2017, but not more than line 2a 7,656,936
    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..... 123,810
    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 ..........     		8,012,108
    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:
    MS SHARON WOOD
    505 S FLAGLER DRIVE STE 810
    WEST PALM BEACH,FL33401
    (561) 659-2005
    bThe form in which applications should be submitted and information and materials they should include:
    TYPEWRITTEN LETTERS DETAILING THE EDUCATIONAL PURPOSE THE FUNDS WILL BE USED IN, THE ULTIMATE BENEFICIARIES OF THE FUNDS, ETC.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FUNDS WILL BE PROVIDED TO INSTITUTIONS FOR EDUCATIONAL-RELATED PURPOSES.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AANIIIH NAKODA COLLEGE (FORT BELKNAP)
    PO BOX 159
    HARLEM,MT59526     		NONE   EDUCATIONAL GRANT 38,000
    AMERICAN INDIAN BUSINESS LEADERS
    GALLAGHER BUSINESS BUILDING SUITE
    250
    MISSOULA,MT59812     		NONE   EDUCATIONAL GRANT 75,100
    BLACKFEET COM COLLEGE
    504 SE BOUNDRY STREET
    BROWNING,MT59417     		NONE   EDUCATIONAL GRANT 50,000
    BLOOMSBURG THEATRE ENSEMBLE
    226 CENTER ST
    BLOOMSBURG,PA17815     		NONE   EDUCATIONAL GRANT 5,000
    CAPE FUND LP
    759 SQUARE-VICTORIA
    MONTREAL,QUEBEC  
    CA     		NONE   MISSION RELATED GRANT -158,596
    CHRISTIE COMMUNITY FOUNDATION
    9857 ST AUGUSTINE RD SUITE 6
    JACKSONVILLE,FL32254     		NONE   EDUCATIONAL GRANT 15,000
    COLLEGE FOR KIDS
    1896 PALM BEACH LAKES BLVD SUITE
    103
    WEST PALM BEACH,FL33409     		NONE   EDUCATIONAL GRANT 175,000
    CUMBERLAND HEALTH CARE FOUNDATION
    19428 HIGHWAY 2 RR6
    AMHERST,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 15,000
    DALHOUSIE FOUNDATION-DISADVANTAGED
    PO BOX 15000
    HALIFAX,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 77,712
    DALHOUSIE FOUNDATION-INDIGENOUS
    PO BOX 15000
    HALIFAX,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 77,712
    EAST STROUDSBERG AREA SCHOOL DISTRICT
    50 VINE STREET
    EAST STROUDSBERG,PA18301     		NONE   EDUCATIONAL GRANT 100
    EAST STROUDSBERG UNIVERSITY FOUNDATION
    200 PROSPECT STREET
    EAST STROUDSBERG,PA18301     		NONE   EDUCATIONAL GRANT 200
    EDUCATION FOUNDATION OF ALACHUA COUNTY
    2802 NE 8TH AVE
    GAINESVILLE,FL32641     		NONE   EDUCATIONAL GRANT 250
    EMPOWHER OF THE PALM BEACHES
    PO BOX 2717
    WEST PALM BEACH,FL33401     		NONE   EDUCATIONAL GRANT 100
    EXPONENT PHILANTHROPHY
    1720 N STREET
    NEW WASHINGTON,DC20036     		NONE   GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS 500
    EYE TO EYE
    30 TOMPKINS PLACE
    BROOKLYN,NY11231     		NONE   EDUCATIONAL GRANT 50,000
    FIRST PEOPLES FUND
    PO BOX 2977
    RAPID CITY,SD57709     		NONE   EDUCATIONAL GRANT 12,300
    FLAGLER COLLEGE
    74 KING ST
    ST AUGUSTINE,FL32084     		NONE   EDUCATIONAL GRANT 200
    FLORIDA AGRICULTURAL & MECHANICAL UNIVERSITY FOUNDATION
    625 E TENNESSEE ST SUITE 100
    TALLAHASSEE,FL32308     		NONE   EDUCATIONAL GRANT 16,000
    FLORIDA ASSOCIATION ON HIGHER EDUCATION & DISABILITY
    100 WELDON BLVD DISABILITY SUPPORT
    SERVICES
    SANFORD,FL32773     		NONE   EDUCATIONAL GRANT 750
    FLORIDA ATLANTIC UNIVERSITY FOUNDATION
    777 GLADES RD
    BOCA RATON,FL33431     		NONE   EDUCATIONAL GRANT 13,700
    FLORIDA BAPTIST CHILDREN'S HOME
    1015 SIKES BLVD
    LAKELAND,FL33815     		NONE   EDUCATIONAL GRANT 13,500
    FLORIDA GULF COAST UNIVERSITY
    10501 FGCU BLVD
    FORT MYERS,FL33965     		NONE   EDUCATIONAL GRANT 9,000
    FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION
    UNIVERSITY PARK MARC 531
    MIAMI,FL33199     		NONE   EDUCATIONAL GRANT 28,950
    FLORIDA PHILANTHROPIC NETWORK
    1211 N WESTSHORE BLVD 314
    TAMPA,FL33607     		NONE   GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS 8,000
    FLORIDA POLYTECHNIC UNIVERSITY
    4700 RESEARCH WAY
    LAKELAND,FL33805     		NONE   EDUCATIONAL GRANT 17,900
    FLORIDA SCHOOL FOR THE DEAF AND THE BLIND
    207 N SAN MARCO AVENUE
    ST AUGUSTINE,FL32084     		NONE   EDUCATIONAL GRANT 500,000
    FLORIDA STATE UNIVERSITY FOUNDATION
    313 WESTCOTT BUILDING
    TALLAHASSEE,FL32306     		NONE   EDUCATIONAL GRANT 12,600
    FLORIDA STATE UNIVERSITY SYSTEMDISABLED
    600 W COLLEGE AVE
    TALLAHASSEE,FL32306     		NONE   EDUCATIONAL GRANT 475,000
    FOOD & FRIENDS
    219 RIGGS ROAD NE
    WASHINGTON,DC20011     		NONE   EDUCATIONAL GRANT 7,500
    GALLAUDET UNIVERSITY
    800 FLORIDA AVENUE
    NEW WASHINGTON,DC20002     		NONE   EDUCATIONAL GRANT 500,000
    GONZAGA UNIVERSITY
    502 EAST BOONE AVENUE
    SPOKANE,WA99258     		NONE   EDUCATIONAL GRANT 200,000
    GRANTMAKERS FOR EDUCATION
    720 SW WASHINGTON ST SUITE 605
    PORTLAND,OR97205     		NONE   GRANT ALLOWABLE PORTION OF MEMBERSHIP IN PROFESSIONAL ORGANIZATIONS 1,750
    HARVARD UNIVERSITY
    MASSACHUSETTS HALL
    CAMBRIDGE,MA02138     		NONE   EDUCATIONAL GRANT 1,000
    HERITAGE UNIVERSITY
    3240 FORT ROAD
    TOPPENISH,WA98948     		NONE   EDUCATIONAL GRANT 547,475
    INSTITUTE OF AMERICAN INDIAN ARTS
    83 AVAN NUPO ROAD
    SANTA FE,NM87508     		NONE   EDUCATIONAL GRANT 38,250
    LANDMARK COLLEGE
    PO BOX 820
    PUTNEY,VT05346     		NONE   EDUCATIONAL GRANT 100,000
    LEADVILLE TRAIL 100 LEGACY
    PO BOX 1
    LEADVILLE,CO80461     		NONE   EDUCATIONAL GRANT 2,500
    LITTLE BIG HORN COLLEGE
    8645 S WEAVER DRIVE
    CROW AGENCY,MT59022     		NONE   EDUCATIONAL GRANT 27,250
    MARRIOTT FOUNDATION FOR PEOPLE WITH DISABILITIES
    10400 FERNWOOD RD
    BETHESDA,MD20817     		NONE   EDUCATIONAL GRANT 150,000
    MARY'S CENTER
    2333 ONTARIO RD
    NEW WASHINGTON,DC20009     		NONE   EDUCATIONAL GRANT 7,500
    MOUNT SAINT VINCENT UNIVERSITY
    166 BEDFORD HIGHWAY
    HALIFAX,NOVA SCOTIA  
    CA     		NONE   EDUCATIONAL GRANT 7,500
    NATIONAL INDIAN CHILD WELFARE ASSOCIATION
    5100 SW MACADAM AVE 300
    PORTLAND,OR97239     		NONE   EDUCATIONAL GRANT 1,300
    NATIVE PUBLIC MEDIA
    PO BOX 3955
    FLAGSTAFF,AZ86003     		NONE   EDUCATIONAL GRANT 1,000
    NATIVITY BOSTON
    39 LAMARTINE ST
    BOSTON,MA02130     		NONE   EDUCATIONAL GRANT 50,000
    NEW COLLEGE FOUNDATION
    5800 BAY SHORE RD
    SARASOTA,FL34243     		NONE   EDUCATIONAL GRANT 2,850
    NORTHERN ARIZONA UNIVERSITY FOUNDATION
    PO BOX 4094 BLDG 10
    FLAGSTAFF,AZ86011     		NONE   EDUCATIONAL GRANT 29,875
    NORTHWEST INDIAN COLLEGE
    2522 KWINA RD
    BELLINGHAM,WA98226     		NONE   EDUCATIONAL GRANT 80,000
    OKLAHOMA STATE UNIVERSITY FOUNDATION
    400 S MONROE STREET
    STILLWATER,OK74074     		NONE   EDUCATIONAL GRANT 33,810
    OLMSTED CENTER
    1170 MAIN STREET
    BUFFALO,NY14209     		NONE   EDUCATIONAL GRANT 60,000
    PADEN CITY FOUNDATION
    PO BOX 233
    PADEN CITY,WV26159     		NONE   EDUCATIONAL GRANT 500
    PALM BEACH ATLANTIC UNIVERSITY
    1301 S OLIVE AVENUE
    WEST PALM BEACH,FL33401     		NONE   EDUCATIONAL GRANT 1,205,000
    PATHWAYS TO EDUCATION CANADA
    439 UNIVERSITY AVE 600
    TORONTO,TORONTO  
    CA     		NONE   EDUCATIONAL GRANT 240,000
    PERKINS
    175 NORTH BEACON STREET
    WATERTOWN,MA02472     		NONE   EDUCATIONAL GRANT 75,000
    PHILANTHROPIC FOUNDATIONS CANADA
    615 RENE-LEVESQUE BLVD WEST SUITE
    720
    MONTREAL,QUEBEC  
    CA     		NONE   EDUCATIONAL GRANT 794
    PROSPERITY NOW
    1200 G STREET NW SUITE 400
    WASHINGTON,DC20005     		NONE   EDUCATIONAL GRANT 1,300
    PROVIDENCE ST MEL SCHOOL
    119 SOUTH CENTRAL PARK AVENUE
    CHICAGO,IL60624     		NONE   EDUCATIONAL GRANT 100,000
    SANTA FE COLLEGE FOUNDATION
    3000 NW 83 STREET
    GAINESVILLE,FL32606     		NONE   EDUCATIONAL GRANT 17,500
    SCHOLARSHIP AMERICA-PBC
    4960 VIKING DRIVE SUITE 110
    EDINA,MN55435     		NONE   EDUCATIONAL GRANT 51,875
    SCHOLARSHIP AMERICA-UPS
    4960 VIKING DRIVE SUITE 110
    EDINA,MN55435     		NONE   EDUCATIONAL GRANT 1,100,000
    STAR CENTER CHILDRENS' THEATRE
    11 NE 23RD AVENUE
    GAINESVILLE,FL32609     		NONE   EDUCATIONAL GRANT 2,000
    THE KING'S ACADEMY
    8401 BELVEDERE ROAD
    WEST PALM BEACH,FL33411     		NONE   EDUCATIONAL GRANT 2,500
    THE ROBERT AND DEBORAH JACOBSON CHARITABLE TRUST
    PO BOX 3475
    WEST PALM BEACH,FL33402     		NONE   EDUCATIONAL GRANT 5,000
    THE SCHOOL DISTRICT OF PALM BEACH COUNTY
    1790 NW SPANISH RIVER BLVD
    BOCA RATON,FL33431     		NONE   EDUCATIONAL GRANT 110,350
    THUNDER BAY COMMUNITY FOUNDATION
    101 SYNDICATE AVE N 312
    THUNDER BAY,ONTARIO  
    CA     		NONE   EDUCATIONAL GRANT 15,000
    UNITED WAY OF PALM BEACH COUNTY
    477 S ROSEMARY AVE 230
    WEST PALM BEACH,FL33401     		NONE   EDUCATIONAL GRANT 500
    UNIVERSITY OF CENTRAL FLORIDA FOUNDATION-DISABLED
    12424 RESEARCH PARKWAY SUITE 250
    ORLANDO,FL32826     		NONE   EDUCATIONAL GRANT 18,100
    UNIVERSITY OF COLORADO FOUNDATION
    1800 GRANT STREET
    DENVER,CO80203     		NONE   EDUCATIONAL GRANT 2,000
    UNIVERSITY OF FLORIDA FOUNDATION-DISABLED
    PO BOX 14425
    GAINESVILLE,FL32603     		NONE   EDUCATIONAL GRANT 12,400
    UNIVERSITY OF NORTH FLORIDA FOUNDATION
    1 UNF DRIVE BLDG 58 E SUITE 2309
    JACKSONVILLE,FL32216     		NONE   EDUCATIONAL GRANT 12,250
    UNIVERSITY OF SOUTH FLORIDA FOUNDATION-DISABLED
    11000 UNIVERSITY PARKWAY
    PENSACOLA,FL32514     		NONE   EDUCATIONAL GRANT 9,500
    UNIVERSITY OF WEST FLORIDA
    11000 UNIVERSITY PARKWAY
    PENSACOLA,FL32514     		NONE   EDUCATIONAL GRANT 2,863
    Total .................................bullet 3a 6,362,970
    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 19,925  
    4 Dividends and interest from securities....     14 3,167,463  
    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.....     15 789,821  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18   13,811,909
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEXCISE TAX REFUND     		    14 25,000  
    bOTHER INVESTMENT INCOME/(LOSS) FROM K-1'S     18   -441,072
    cORDINARY INCOME/(LOSS) FROM K-1'S     18   -429,109
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 4,002,209 12,941,728
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,943,937
    (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.)
    8 NOT APPLICABLE
    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:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TEMPLETON & COMPANY, LLP 30,950 1,548   29,402

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Name of Stock End of Year Book Value End of Year Fair Market Value
    UNITED STATES EQUITIES 32,073,645 37,570,755
    NON-UNITED STATES EQUITIES 42,989,679 36,848,021
    ALTERNATIVE NON MARKETABLE EQUITY ENTITIES 20,730,562 17,618,427
    PRIVATE EQUITY ENTITIES AND VENTURE CAPITAL 13,877,749 21,522,190
    INFLATION PROTECTION MANAGERS 20,317,315 17,788,674
    FIXED INCOME 21,658,070 23,340,734

    TY 2018 LegalFeesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 28,374 0   28,374


    TY 2018 OtherExpensesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL ASSOCIATIONS 3,820 0   3,820
    OFFICE EXPENSES 26,709 0   26,709
    INSURANCE 5,513 0   5,513
    PORTFOLIO DEDUCTIONS FROM K-1'S 211,869 211,869   0
    OTHER DEDUCTIONS FROM K-1'S 925,500 925,500   0
    INVESTMENT EXPENSE FROM K-1'S 279,059 279,059   0
    ROYALTY EXPENSES FROM K-1'S 246,711 246,711   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME FROM K-1'S 789,821 789,821 789,821
    EXCISE TAX REFUND 25,000 25,000 25,000
    OTHER INVESTMENT INCOME/(LOSS) FROM K-1'S -441,072 -441,072 -441,072
    ORDINARY INCOME/(LOSS) FROM K-1'S -429,109 -429,109 -429,109


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 456,479 342,917   113,562


    TY 2018 TaxesSchedule
    Name:
    THEODORE R AND VIVIAN M
     
    JOHNSON SCHOLARSHIP FOUNDATION INC
    EIN:
    31-1613890
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    K-1S FOREIGN TAXES 127,406 127,406   0
    TAXES 387,649 387,649   0