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
FUND FOR INDIVIDUAL POTENTIAL
C/O MAZARS USA LLP
Number and street (or P.O. box number if mail is not delivered to street address)135 WEST 50TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020
A Employer identification number

26-6112299
B Telephone number (see instructions)

(212) 812-7000
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$42,103,405J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 862,134 862,134  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,670,232
b Gross sales price for all assets on line 6a 43,748,317
7 Capital gain net income (from Part IV, line 2)... 2,670,232
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 17,116 -28,426 0
12 Total. Add lines 1 through 11........ 3,549,482 3,503,940 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 212,943 170,354 0 42,589
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 40,771 0 0 40,771
b Accounting fees (attach schedule)....... Click to see attachment 5,500 0 0 5,500
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 62,589 6,623 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 37,194 29,075 0 8,119
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 358,997 206,052 0 96,979
25 Contributions, gifts, grants paid....... 2,065,000 2,065,000
26 Total expenses and disbursements. Add lines 24 and 25 2,423,997 206,052 0 2,161,979
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,125,485
b Net investment income (if negative, enter -0-) 3,297,888
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,396,527 1,681,408 1,681,408
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,197,819 Click to see attachment504,869 508,809
b Investments—corporate stock (attach schedule)....... 23,914,824 Click to see attachment31,214,299 36,652,859
c Investments—corporate bonds (attach schedule)....... 6,578,994 Click to see attachment2,807,974 2,827,775
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 432,554 Click to see attachment432,554 432,554
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) 35,520,718 36,641,104 42,103,405
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 35,520,718 36,641,104
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 35,520,718 36,641,104
31 Total liabilities and net assets/fund balances (see instructions). 35,520,718 36,641,104
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
35,520,718
2
Enter amount from Part I, line 27a .....................
2
1,125,485
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,072
4
Add lines 1, 2, and 3 ..........................
4
36,648,275
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,171
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
36,641,104
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 3435   2017-01-01 2018-12-31
b 3435 SUPPLEMENTAL   2017-01-01 2018-12-31
c 3451   2017-01-01 2018-12-31
d 3452   2017-01-01 2018-12-31
e 3453   2017-01-01 2018-12-31
3454   2017-01-01 2018-12-31
3455   2017-01-01 2018-12-31
3456   2017-01-01 2018-12-31
FTCI   2017-01-01 2018-12-31
FTCI   2017-01-01 2018-12-31
FTCI   2017-01-01 2018-12-31
ML 3435   2017-01-01 2018-12-31
(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 21,958,913   21,051,365 907,548
b 437,174   479,167 -41,993
c 320,631   256,499 64,132
d 1,371,117   886,235 484,882
e 429,187   390,038 39,149
157,179   106,214 50,965
103,677   87,116 16,561
832,397   481,291 351,106
9,381,875   8,544,190 837,685
8,654,816   8,795,970 -141,154
57,878     57,878
43,473     43,473
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       907,548
b       -41,993
c       64,132
d       484,882
e       39,149
      50,965
      16,561
      351,106
      837,685
      -141,154
      57,878
      43,473
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,670,232
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 0
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 1,913,773 44,054,527 0.043441
2016 1,683,896 38,111,182 0.044184
2015 552,005 38,405,340 0.014373
2014 509,756 15,961,497 0.031937
2013 1,037 229,360 0.004521
2
Total of line 1, column (d) .....................
2
0.138456
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
0.027691
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
45,409,683
5
Multiply line 4 by line 3......................
5
1,257,440
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
32,979
7
Add lines 5 and 6........................
7
1,290,419
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,161,979
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 32,979
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 32,979
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 32,979
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 50,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,000
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 17,021
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet17,021 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 ofbulletMAZARS USA LLP Telephone no.bullet (212) 812-7000

    Located atbullet135 WEST 50TH STREETNEW YORKNY ZIP+4bullet10020
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BRADLEY GRAYSON TRUSTEE
    2.00     		0 0 0
    C/O MAZARS 135 WEST 50TH STREET
    NEW YORK,NY10020
    ANTHONY MELCHIOR TRUSTEE
    2.00     		0 0 0
    C/O MAZARS 135 WEST 50TH STREET
    NEW YORK,NY10020
    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
    43,169,783
    b
    Average of monthly cash balances.......................
    1b
    2,931,418
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    46,101,201
    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
    46,101,201
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    691,518
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    45,409,683
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,270,484
    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
    2,270,484
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    32,979
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    32,979
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,237,505
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,237,505
    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
    2,237,505
    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
    2,161,979
    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
    2,161,979
    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
    32,979
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,129,000
    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 2,237,505
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,066,451
    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$ 2,161,979
    a Applied to 2017, but not more than line 2a 2,066,451
    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..... 95,528
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		2,141,977
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    LAFAYETTE COLLEGE
    730 HIGH STREET
    EASTON,PA18042     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 500,000
    HOBART & WILLIAM SMITH COLLEGES
    COXE HALL 337 FULTNEY ST
    GENEVA,NY14456     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 250,000
    LUNCH BREAK
    121 DRS JAMES PARKER BLVD
    RED BANK,NJ07701     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 25,000
    RIVERDALE COUNTRY DAY SCHOOL
    5250 FIELDSTON ROAD
    BRONZ,NY10471     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 25,000
    TEMPLTE BETH MIRIAM
    180 LINCOLN AVE
    ELBERON,NJ07740     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 100,000
    BREWSTER ACADEMY
    80 ACADEMY DR
    WOLEBORO,NH03894     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 415,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 250,000
    NEW YORK PRESBYTERIAN FUND INC
    525 E 68TH ST BOX 156
    NEW YORK,NY10065     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 100,000
    RISING TREETOPS AT OAKHURST
    111 MONMOUTH RD
    OAKHURST,NJ07755     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 25,000
    CPC FOUNDATION (CHILDREN'S PSYCHIATRIC CENTER)
    10 INDUSTRIAL WAY EAST
    EANTOWN,NJ07724     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 25,000
    WHITNEY MUSEUM
    945 MADISON AVENUE
    NEW YORK,NY10021     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 50,000
    THE RUMSON BOAT RACE INC
    18 LEWIS LANE
    FAIR HAVEN,NJ07704     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 50,000
    THE ALLEN STEVENSON SCHOOL
    132 E 78TH STREET
    NEW YORK,NY10075     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 25,000
    JEWISH FAMILY & CHILDREN'S SERVICE
    120 W 57TH ST
    NEW YORK,NY10019     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 50,000
    MONMOUTH MEDICAL CENTER FOUNDATION
    300 2ND AVE
    LONG BRANCH,NJ07740     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 100,000
    RFH HIGH SCHOOL FDN
    74 RIDGE RD
    RUMSON,NJ07760     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 50,000
    TEMPLE EMANU-EL OF NYC
    1 E 65TH ST
    NEW YORK,NY10065     		NONE EXEMPT GENERAL PURPOSE OF EXEMPT ORGANIZATION 25,000
    Total .................................bullet 3a 2,065,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 862,134  
    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.....     14 17,116  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,670,232  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,549,482 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,549,482
    (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:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 5,500 0 0 5,500

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CISCO SYSTEMS INC 04.450% JAN 15 2020 AA-" 100,452 101,552
    EI DU PONT DE NEMOUR & CO 04.625% JAN 15 2020 A-" 251,501 254,345
    AMERICAN EXPRESS CREDIT CALLABLE ON 04/25/2020 @ 100% 89,481 89,056
    KINDER MORGAN ENER PART SR NT DTD 5/19/2010 5.3% 114,333 118,110
    A" - GENERAL ELEC CAP CORP 04.375% SEP 16 2020 98,065 99,858
    METLIFE INC 04.750% FEB 08 2021 A-" 59,073 59,846
    APPLIED MATERIALS INC 04.300% JUN 15 2021 A-" 92,012 92,652
    US BANCORP 02.950% CALLABLE ON 06/15/2022 @ 100% 73,942 73,979
    GILEAD SCIENCES INC 03.250% CALLABLE ON 09/01/2022 @ 100% 74,894 74,824
    NEW YORK NEW YORK GO DTD 10/15/2009 4.669% 10/1/2022 AA 250,159 266,040
    AFLAC INC SR BOND DTD 6/10/2013 3.625% 6/15/2023 A- 75,468 75,249
    PROLOGIS LP 04.250% CALLABLE ON 05/15/2023 @ 100% 08/15/2023 92,675 92,912
    REINSURANCE GROUP AMER INC DTD 9/24/2013 4.7% 92,034 93,914
    COCA-COLA FEMSA S DE C V SR NT DTD 11/26/2013 3.875% 75,980 75,600
    BOSTON PROPERTIES LP CALL DTD 6/27/2013 3.8% 91,410 89,670
    JUNIPER NETWORKS INC SR BD DTD 3/4/2014 4.5% 08/18/2024 @ 100% 90,044 90,669
    USD TRANSCANADA PL 4.875% CALLABLE ON 10/15/2025 @ 100% 79,665 82,802
    BANK OF AMERICA CORP DTD 3/3/2016 4.45% 3/3/2026 BBB+ 95,000 93,917
    MARRIOTT INTERNATIONAL 03.125% CALLABLE ON 03/15/2026 @ 100% 39,867 36,322
    MORGAN STANLEY SUBORDINATED BOND SER MIN DTD 9/8/2014 4.35% 75,132 72,885
    MICROSOFT CORP DTD 2/6/2017 3.3% 100,402 99,050
    JP MORGAN CHASE & CO SUB BD DTD 9/25/2015 4.25% 79,724 78,753
    WALGREENS BOOTS ALLIANCE 03.800% NOV 18 2024 73,791 73,859
    KRAFT HEINZ FOODS CO 04.000% JUN 15 2023 174,655 174,542
    BERKSHIRE HATHAWAY INC 03.125% MAR 15 2026 146,132 145,386
    BP CAPITAL MARKETS PLC SR NT 148,137 148,662
    CVS HEALTH CORP SR BD CALL 73,946 73,321

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOT LABORATORIES 496,579 856,532
    ALPHABET INC CL A 94,515 117,036
    ALPHABET INC CLASS C 296,260 787,064
    AMAZON.COM INC 249,790 1,054,383
    AMERICAN TOWER REIT INC 405,643 594,794
    APPLE INC 310,838 721,818
    BERKSHIRE HATHAWAY INC 132,193 367,524
    BLACKROCK INC 233,877 506,345
    BRISTOL-MYERS SQUIBB CO 254,339 415,840
    BROADCOM LTD 149,009 161,214
    CABOT OIL & GAS CORP CL A 110,506 97,563
    CHEVRON CORP 309,896 309,290
    CHUBB LTD 342,561 589,578
    COMCAST CORP CL A 354,573 451,912
    DANAHER CORP 131,893 187,472
    DOWDUPONT INC 71,627 69,150
    FEDEX CORP 83,309 62,757
    HONEYWELL INTL INC 247,886 286,833
    J P MORGAN CHASE & CO 597,367 894,004
    LAW RESEARCH CORP 192,862 517,446
    LOWES COS 293,372 562,472
    MAXIM INTEGRATED PRODS INC 224,530 406,800
    METLIFE INC 62,099 59,126
    MICROSOFT CORP 709,206 1,097,058
    NESTLE S A SPONSORED ADR REPSTG REG SH 97,526 131,074
    NEXTERA ENERGY INC 185,500 257,080
    NIKE INC CL B 108,570 310,572
    PEPSICO INC 416,457 529,862
    PFIZER INC 293,199 328,728
    PROCTOR & GAMBLE CO 310,619 334,037
    RAYTHEON CO NEW 226,013 220,517
    ROCKWELL AUTOMATION INC 126,292 117,374
    ROPER TECHNOLOGIES INC 350,760 453,084
    ROYAL DUTCH PLC ADR 94,104 89,670
    SALESFORCE.COM INC 283,134 684,850
    SCHLUMBERGER LTD 64,038 50,079
    SCHWAB CHARLES CORP NEW 183,445 222,019
    STARBUCKS CORP 252,202 397,734
    THERMO FISHER SCIENTIFIC INC 163,464 680,769
    UNION PACIFIC CORP 258,284 370,456
    VISA INC CL A 294,793 677,380
    WELLS FARGO & CO NEW 104,516 103,173
    ELECTRONIC ARTS 101,752 92,246
    NVIDIA CORP 119,411 78,098
    CVS HEALTH CORP 118,328 96,052
    ADOBE INC 165,381 159,047
    AMPHENOL CORP CL A NEW 64,213 59,388
    ACCENTURE PLC SHS 359,252 316,567
    BOOKING HLDGS INC 256,506 234,249
    COOPER COS INC COM NEW 78,055 76,859
    COGNIZANT TECH SOLUTNS A 70,851 65,638
    CDW CORP 117,310 107,391
    COLGATE PALMOLIVE 181,911 174,036
    ECOLAB INC 274,182 253,589
    EDWARDS LIFESCIENCES CRP 96,399 96,497
    EMERSON ELEC CO 130,801 114,242
    HOME DEPOT INC 547,418 537,109
    INTL FLAVORS&FRAGRNC 67,532 63,778
    INTERCONTINENTAL EXCHANGE INC 492,955 463,129
    JOHNSON AND JOHNSON COM 571,761 501,617
    LABORATORY CP AMER HLDGS 104,830 81,755
    ELI LILLY & CO 127,826 131,805
    MASTERCARD INC 295,498 280,900
    MEDTRONIC PLC SHS 344,183 338,007
    MARSH & MCLENNAN COS INC 374,140 344,440
    MASCO CORP 69,019 64,299
    O'REILLY AUTOMOTIVE INC 134,093 133,944
    PAYPAL HOLDINGS INC SHS 115,305 112,765
    ROSS STORES INC COM 201,095 173,389
    STANLEY BLACK & DECKER 126,019 117,824
    TRACTOR SUPPLY CO 55,735 49,814
    ZOETIS INC 162,911 152,261
    WALMART INC 116,549 110,569
    AMEDISYS INC 52,740 51,646
    AMERICAN STATES WATER CO 22,674 22,727
    ASSURANT INC 21,803 19,945
    AT&T INC 236,775 227,264
    AMN ELEC POWER CO 84,576 81,392
    AMER EXPRESS COMPANY 135,731 120,484
    AMGEN INC COM 75,546 74,559
    ARCHER DANIELS MIDLD 79,815 73,295
    BARRICK GOLD CORPORATION 23,745 24,846
    BIOGEN INC 89,518 83,656
    BAXTER INTERNTL INC 101,225 102,811
    BEST BUY CO INC 62,099 51,742
    CALLAWAY GOLF CO DEL COM 15,971 12,500
    CALIFORNIA WTR SVC GP DE 101,557 106,711
    CARPENTER TECHNOLOGY 21,118 18,090
    CENTERPOINT ENERGY INC 63,839 64,562
    CATERPILLAR INC DEL 54,009 55,275
    CELANESE CORP DEL SER A 57,210 51,373
    CIENA CORP 55,624 60,055
    CITIGROUP INC COM NEW 84,202 69,448
    CITIZENS FINL GROUP INC 83,369 69,747
    CROWN CASTLE REIT INC 152,358 149,040
    CHURCHILL DOWNS INC 23,115 21,711
    CISCO SYSTEMS INC COM 347,548 333,424
    CORNING INC 27,363 26,645
    DIAMONDBACK ENERGY INC 62,158 51,912
    DISNEY (WALT) CO COM STK 317,842 303,621
    EURONET WORLDWIDE INC 39,393 36,754
    EBAY INC COM 55,394 55,073
    EAGLE MATERIALS INC 8,248 7,324
    FASTENAL COMPANY 34,256 32,106
    FORTINET INC 121,336 123,605
    GRANITE CONST INC DEL 45,709 35,849
    HOSPITALITY PPTYS TRUST REIT 34,751 31,426
    HARTFORD FINL SVCS GROUP 73,012 74,098
    HAWAIIAN ELEC INDS INC 28,605 27,795
    HEARTLAND EXPRESS INC 31,018 28,749
    HERSHEY COMPANY 78,491 77,598
    INTEL CORP 103,475 101,979
    INTL PAPER CO 27,079 28,131
    LOCKHEED MARTIN CORP 286,329 253,985
    M&T BANK CORPORATION 27,123 28,197
    MANHATTAN ASSOCS INC 10,061 9,067
    MERCK AND CO INC SHS 248,843 251,847
    MICRON TECHNOLOGY INC 43,950 36,109
    NATL INSTRUMENTS CORP 32,272 30,813
    NICE LTD ADR 109,062 106,046
    NETAPP INC 79,827 69,993
    PROOFPOINT INC 28,734 28,160
    PLANET FITNESS INC CL A 18,473 19,196
    REPUBLIC SERVICES INC 153,232 144,396
    RALPH LAUREN CORP 69,720 63,835
    SENIOR HSG PPTYS TRSBI 20,484 17,439
    SPROUTS FARMERS MARKETS 45,160 37,922
    SABRE CORP SHS 29,587 26,531
    STRYKER CORP 28,613 26,804
    SYNOPSYS INC 35,710 34,875
    TRIMBLE INC 12,773 11,946
    TRINET GROUP INC CALIF 17,013 16,319
    TRAVELERS COS INC 80,845 75,203
    T-MOBILE US INC SHS 65,274 61,447
    UNITEDHEALTH GROUP INC 428,959 402,080
    VIACOM INC NEW CL B 68,474 56,103
    VIRTUSA CORP 18,135 19,293
    XYLEM INC SHS 201,372 191,153
    WOODWARD INC 97,984 89,817
    AFLAC INC COM 117,086 117,955
    APTIV PLC SHS 147,059 122,093
    ALIBABA GROUP HOLDING LT 85,773 76,485
    AQUA AMERICA INC 54,129 56,174
    AMERICAN WTR WKS CO INC 123,929 120,996
    BRUKER CORP 115,765 109,196
    BRIGHT HORIZONS FAMILY SOLUTIONS INC 161,539 151,461
    BIO RAD LABS CL A 180,841 152,336
    CREDICORP LTD COM PV $5 100,288 98,643
    CONCHO RESOURCES INC 139,643 112,041
    EOG RESOURCES INC 123,283 102,995
    ETSY INC SHS 75,096 77,254
    HEXCEL CORP NEW COM 196,579 187,961
    ICON PLC 112,251 108,407
    KLA TENCOR CORP PV$0.001 82,882 77,051
    MONOLITHIC PWR SYSTEMS INC 235,356 215,876
    MSCI INC CLASS A 177,722 171,166
    MEDIDATA SOLUTIONS INC 110,240 103,490
    NEW RELIC INC 83,912 81,375
    SAILPOINT TECHNOLOGIES HOLDINGS INC REGI 83,766 73,477
    SBA COMMUNICATIONS CORP 247,202 236,359
    UNILEVER PLC NEW ADR 98,091 93,684
    ULTA BEAUTY INC 82,223 86,673
    V F CORPORATION 118,882 102,444
    VESTAS WIND SYTS AS ADR 129,410 137,105
    WEST PHARMACTL SVCS INC 110,132 98,226
    ALLERGAN PLC 71,505 62,152
    BECTON DICKINSON CO 83,583 77,961
    CVS HEALTH CORP 89,128 77,707
    CARNIVAL CORP PAIRED SHS 188,430 154,506
    CME GROUP INC 91,306 90,862
    CYRUSONE INC 94,907 92,487
    FIDELITY NATL INFO SVCS 119,004 117,727
    INGERSOLL-RAND PLC 91,878 82,198
    LINDE PLC REG SHS 80,650 80,049
    MONDELEZ INTERNATIONAL 81,055 74,256
    PACKAGING CORP AMERICA 103,801 91,305
    PHILIP MORRIS INTL INC 87,844 69,297
    PHILLIPS 66 SHS 95,970 91,577
    REALTY INCM CRP MD PV$1. REIT 98,204 97,901
    WEC ENERGY GROUP INC SHS 144,019 141,221
    TEXAS INSTRUMENTS 123,689 122,378
    WHIRLPOOL CORP 47,993 42,321
    ALBEMARLE CORP COM 76,787 60,731
    AKAMAI TECHNOLOGIES INC 65,354 58,637
    A N S Y S INC COM 96,433 90,195
    ALLEGHENY TECH INC 48,095 40,623
    ANTERO RES CORP 19,133 13,259
    ARROW ELECTRONICS 47,579 43,921
    AUTODESK INC DEL PV$0.01 121,202 114,592
    BORG WARNER INC COM 50,953 44,815
    BLACK KNIGHT HOLDCO CORP REG SHS 73,617 73,718
    BOSTON PPTYS INC REIT 48,842 43,557
    CSX CORP 109,432 95,991
    CENTENE CORP 108,261 91,548
    CENTRAL GRDEN & PET CO 47,320 51,503
    CBRE GROUP INC CL A 84,466 78,959
    DARDEN RESTAURANTS INC 67,528 60,515
    DERMIRA INC 51,278 35,116
    D R HORTON INC 71,347 68,696
    EASTMAN CHEMICAL CO COM 41,371 38,163
    EATON VANCE CORP NVT 36,645 31,310
    ARCHROCK INC 55,300 41,734
    FIRSTCASH INC SHS 78,583 65,549
    GLOBAL PMTS INC GEORGIA 85,437 83,226
    GATX CORPORATION 75,790 66,420
    HUNTINGTON INGALLS INDS 98,127 87,543
    HOULIHAN LOKEY INC 50,758 45,301
    HOLOGIC INC 68,140 65,431
    HORACE MANN EDUCTRS NEW 46,316 43,779
    JETBLUE AIRWAYS CORP DEL 53,589 46,397
    KEYCORP NEW COM 61,409 50,326
    MEDICAL PPTYS TR INC 45,258 43,866
    MOOG INC CL A 44,694 42,304
    NEWFIELD EXPL CO COM 22,939 19,102
    ON SEMICONDUCTOR CRP COM 100,067 88,196
    PENN NATL GAMING CORP 57,387 50,822
    QUINSTREET INC COMMON SHS 49,328 50,378
    RPC INC 20,651 14,933
    RAYMOND JAMES FINL INC 70,483 67,936
    REINSURNCE GROUP AMERICA 75,641 72,218
    RYDER SYSTEM INC 30,452 26,868
    STERICYCLE INC COM 43,912 34,782
    THE SCOTTS MIRACLE GRO CO 45,193 37,122
    STERLING BANCORP 34,120 30,378
    SNAP ON INC COM 93,250 83,396
    SONOCO PRODUCTS CO 51,430 48,295
    TJX COS INC NEW 105,625 101,873
    TELEDYNE TECH INC 91,994 87,591
    UNITED NAT FOODS INC 27,482 13,174
    VAREX IMAGING CORP REG SHS WHEN I 49,724 46,934
    WOLVERINE WORLD WIDE 68,310 64,003
    XILINX INC 81,477 78,612
    ALTRIA GROUP INC 107,854 94,730
    PROLOGIS INC 84,150 73,811
    CAMDEN PPTY TR COM SBI REIT 51,335 48,780
    CINEMARK HLDGS INC 142,633 136,076
    COCA COLA COM 130,750 124,673
    EVERGY INC 93,479 88,845
    MCDONALDS CORP COM 127,864 122,346
    NOVARTIS ADR 87,543 85,810
    OCCIDENTAL PETE CORP CAL 105,254 91,211
    PNC FINCL SERVICES GROUP 146,922 127,900
    SEMPRA ENERGY 85,649 81,034
    SIMON PROPERTY GROUP DEL REIT 36,530 33,430
    SYSCO CORPORATION 92,125 87,473
    TOTAL S.A. SP ADR 104,026 96,898
    3M COMPANY 82,458 77,359

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    US Government Securities - End of Year Book Value:

    504,869
    US Government Securities - End of Year Fair Market Value:

    508,809
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BERRY VENTURES INC AT COST 9,000 9,000
    PANCO STRATEGIC REAL ESTATE FUND AT COST 423,554 423,554

    TY 2018 LegalFeesSchedule
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 40,771 0 0 40,771


    TY 2018 OtherDecreasesSchedule
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Description Amount
    MUTUAL FUNDS COST BASIS ADJUSTMENT 92
    BOND PREMIUM AMORTIZATION 7,079


    TY 2018 OtherExpensesSchedule
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 237 237 0 0
    ADVERTISING FEES 160 0 0 160
    NYS FILING FEE 750 0 0 750
    INVESTMENT FEES 34,551 27,641 0 6,910
    OTHER EXPENSES 419 335 0 84
    WRITE OFF RECEIVABLE 1,077 862 0 215


    TY 2018 OtherIncomeSchedule2
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PANCO STRATEGIC REAL ESTATE FUND I QP LP 17,116 -28,426 0


    TY 2018 OtherIncreasesSchedule
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Description Amount
    OID AMORTIZATION 2,072


    TY 2018 TaxesSchedule
    Name:
    FUND FOR INDIVIDUAL POTENTIAL
     
    C/O MAZARS USA LLP
    EIN:
    26-6112299
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 6,623 6,623 0 0
    FEDERAL EXCISE TAX 55,966 0 0 0