Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
S&L MARX FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)15 EAST PUTNAM AVE NO 270
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENWICH, CT06830
A Employer identification number

20-0677535
B Telephone number (see instructions)

(203) 570-7576
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$78,248,963J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,206,937 2,206,937  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,113,725
b Gross sales price for all assets on line 6a 73,303,804
7 Capital gain net income (from Part IV, line 2)... 6,113,725
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 32,993 32,993  
12 Total. Add lines 1 through 11........ 8,353,655 8,353,655  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 142,500 14,250   128,250
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 24,240 4,848   19,392
c Other professional fees (attach schedule).... Click to see attachment 168,342 168,342   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 211,948 2,805   9,281
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 21,984 0   21,984
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 17,817 0   17,817
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 586,831 190,245   196,724
25 Contributions, gifts, grants paid....... 4,403,950 4,403,950
26 Total expenses and disbursements. Add lines 24 and 25 4,990,781 190,245   4,600,674
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,362,874
b Net investment income (if negative, enter -0-) 8,163,410
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.............   417,743 417,743
2 Savings and temporary cash investments......... 10,643,008 918,625 918,625
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)....... 73,204,933 Click to see attachment63,336,438 63,336,438
c Investments—corporate bonds (attach schedule)....... 3,708,406 Click to see attachment6,643,950 6,643,950
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,595,720 Click to see attachment6,932,207 6,932,207
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) 91,152,067 78,248,963 78,248,963
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.................. 91,152,067 78,248,963
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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 91,152,067 78,248,963
31 Total liabilities and net assets/fund balances (see instructions). 91,152,067 78,248,963
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
91,152,067
2
Enter amount from Part I, line 27a .....................
2
3,362,874
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
94,514,941
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
16,265,978
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
78,248,963
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 SALES OF PUBLICLY TRADED SECURITIES P    
b SALES OF K-1S P    
c CAPITAL GAINS DIVIDENDS P    
d
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 72,336,806   67,015,028 5,321,778
b 18,550   175,051 -156,501
c 948,448     948,448
d
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       5,321,778
b       -156,501
c       948,448
d
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 6,113,725
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 4,261,890 87,104,357 0.048929
2016 4,215,225 80,832,043 0.052148
2015 4,348,519 85,867,493 0.050642
2014 4,385,975 86,324,892 0.050808
2013 4,245,801 81,226,607 0.052271
2
Total of line 1, column (d) .....................
2
0.254798
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
0.050960
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
88,588,429
5
Multiply line 4 by line 3......................
5
4,514,466
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
81,634
7
Add lines 5 and 6........................
7
4,596,100
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,600,674
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 81,634
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 81,634
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 81,634
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 71,465
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 175,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 246,465
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 248
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 10 164,583
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet164,583 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)
    bulletCT
    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 ofbulletNANCY BETTER Telephone no.bullet (203) 570-7576

    Located atbullet15 EAST PUTNAM AVEGREENWICHCT ZIP+4bullet06830
    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
    JAMES BETTER TREASURER
    5.00     		0 0 0
    15 EAST PUTNAM AVE
    GREENWICH,CT06830
    NANCY MARX BETTER SECY/EXEC DIR
    30.00     		142,500 0 0
    15 EAST PUTNAM AVE
    GREENWICH,CT06830
    LEONARD MARX DIRECTOR
    5.00     		0 0 0
    15 EAST PUTNAM AVE
    GREENWICH,CT06830
    SYLVIA MARX PRESIDENT
    5.00     		0 0 0
    15 EAST PUTNAM AVE
    GREENWICH,CT06830
    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
    JP MORGAN CHASE BANK INVESTMENT MANAGEMENT FEES 168,342
    270 PARK AVENUE
    NEW YORK,NY10017
    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
    84,564,722
    b
    Average of monthly cash balances.......................
    1b
    5,372,769
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    89,937,491
    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
    89,937,491
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,349,062
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    88,588,429
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,429,421
    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
    4,429,421
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    81,634
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    81,634
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,347,787
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,347,787
    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
    4,347,787
    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
    4,600,674
    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
    4,600,674
    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
    81,634
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,519,040
    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 4,347,787
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,786,400
    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$ 4,600,674
    a Applied to 2017, but not more than line 2a 2,786,400
    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..... 1,814,274
    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 ..........     		2,533,513
    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
    ABILIS
    50 GLENVILLE STREET
    GREENWICH,CT06831     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    ALLIANCE FOR CANCER GENE THERAPY
    96 CUMMINGS POINT ROAD
    STAMFORD,CT06902     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    ADOPT A DOG
    PO BOX 11135
    GREENWICH,CT06831     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    ALBERT EINSTEIN COLLEGE OF MEDICINE
    1300 MORRIS PARK AVE 7TH FLOOR
    BRONX,NY10461     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 200,000
    ALZHEIMER'S ASSOCIATION
    225 NORTH MICHIGAN AVE FLOOR 17
    CHICAGO,IL60601     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 25,000
    AMERICAN FRIENDS OF HEBREW UNIVERSITY
    ONE BATTERY PARK PLAZA 25TH FLOOR
    NEW YORK,NY10004     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 25,000
    ANDROSCOGGIN ALUMNI ASSOCIATION
    601 WEST STREET
    HARRISON,NY10528     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,000
    ANTI-DEFAMATION LEAGUE
    1952 WHITNEY AVENUE
    NEW HAVEN,CT06517     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    AURELIA FOUNDATION
    PO BOX 82
    MALIBU,CA90272     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 25,000
    BIRTHRIGHT ISRAEL FOUNDATION
    33 EAST 33RD STREET 7TH FLOOR
    NEW YORK,NY10016     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 60,000
    BOYS & GIRLS CLUB OF GREENWICH
    4 HORSENECK LANE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 15,000
    BREAST CANCER ALLIANCE
    48 MAPLE AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    BRUCE MUSEUM
    1 MUSEUM DRIVE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 20,000
    BRUNSWICK SCHOOL
    100 MAHER AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 500,000
    CAGV EDUCATION FUND
    PO BOX 523
    SOUTHPORT,CT06890     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    CAMPHILL VILLAGE
    84 CAMPHILL ROAD
    COPAKE,NY12516     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 25,000
    CARAMOOR
    PO BOX 816
    KATONAH,NY10536     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    CARNEGIE HALL SOCIETY
    881 SEVENTH AVENUE
    NEW YORK,NY100193210     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 20,000
    CHILD ADVOCATES OF CT
    55 GREENS FARMS ROAD SUITE 200-6
    WESTPORT,CT06880     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    CHILD GUIDANCE CENTER OF SOUTHERN CT
    196 GREYROCK PLACE
    STAMFORD,CT06901     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 60,000
    CHILDREN'S LEARNING CENTERS
    64 PALMERS HILL ROAD
    STAMFORD,CT069022113     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    CHROMOSOME 18 RESEARCH SOCIETY
    7155 OAKRIDGE DRIVE
    SAN ANTONIO,TX78229     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    CLARK ART INSTITUTE
    WILLIAMS ROAD
    WILLIAMSTOWN,MA01267     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 50,000
    COLUMBIA UNIVERSITY
    516 WEST 168TH ST
    NEW YORK,NY10032     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVENUE
    NEW LONDON,CT06320     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    CT ALLIANCE FOR TENNIS EDUCATION
    PO BOX 1732
    NEW CANAAN,CT06840     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,500
    CYSTIC FIBROSIS FOUNDATION
    4550 MONTGOMERY AVENUE SUITE 1100N
    BETHESDA,MN20814     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 50,000
    DALLAS HOLOCAUST MUSEUM
    211 NORTH RECORD ST
    DALLAS,TX75202     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    FAIR HAVEN COMMUNITY HEALTH CENTER
    374 GRAND AVENUE
    NEW HAVEN,CT06513     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    FAMILY CENTERS OF GREENWICH
    40 ARCH STREET
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    FERNWOOD COVE FOUNDATION
    350 ISLAND POND ROAD
    HARRISON,ME04040     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    FIGURE SKATING IN HARLEM
    361 WEST 125TH STREET
    NEW YORK,NY10027     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    FRIENDS OF THE IDF
    60 EAST 42ND STREET
    NEW YORK,NY10165     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    FSH SOCIETY
    450 BEDFORD STREET
    LEXINGTON,MA02420     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 120,000
    GEMS
    1111 EAST PUTNAM AVENUE
    RIVERSIDE,CT06878     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    GREENWICH ACADEMY
    200 NORTH MAPLE AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 3,000
    GREENWICH BALLET ACADEMY
    PO BOX 1561
    GREENWICH,CT06836     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    GREENWICH HOSPITAL
    PERRYRIDGE ROAD
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 25,000
    GREENWICH LAND TRUST
    370 ROUND HILL ROAD
    GREENWICH,CT06831     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    GREENWICH LIBRARY
    101 WEST PUTNAM AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    GREENWICH SYMPHONY
    PO BOX 35
    GREENWICH,CT068360035     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 15,000
    HAND IN HAND
    PO BOX 80102
    PORTLAND,OR97280     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,500
    HARVARD BUSINESS SCHOOL
    DEVELOPMENT OFFICE
    CAMBRIDGE,MA02138     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    HARVARD GRADUATE SCHOOL OF EDUCATION
    44R BRATTLE STREET
    CAMBRIDGE,MA02138     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,500
    GREENWICH HISTORICAL SOCIETY
    39 STRICKLAND ROAD
    COS COB,CT06807     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    HEAF
    2090 SEVENTH AVENUE 10TH FLOOR
    NEW YORK,NY10027     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 25,000
    HORIZONS STUDENT ENRICHMENT
    100 MAHER AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 15,000
    HOSPITAL FOR SPECIAL SURGERY
    535 EAST 70TH STREET
    NEW YORK,NY10021     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 166,700
    IMPACT FAIRFIELD COUNTY
    PO BOX 6999
    GREENWICH,CT06836     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,500
    ISRAEL LACROSSE ASSOCIATION
    1501 BROADWAY FLR 21
    NEW YORK,NY10036     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,000
    JBFCS
    120 WEST 57TH STREET
    NEW YORK,NY10019     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 337,500
    JEWISH FAMILY SERVICES
    1 HOLLY HILL LANE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    JULLIARD SCHOOL
    60 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    JUNIOR LEAGUE OF GREENWICH
    231 EAST PUTNAM AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,500
    LAKE WARAMAUG ASSOCIATION
    PO BOX 2272
    NEW PRESTON,CT06777     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    LAKE WARAMAUG TASK FORCE
    19 SACKETT HILL ROAD
    WARREN,CT067541713     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    LARCHMONT TEMPLE
    75 LARCHMONT AVENUE
    LARCHMONT,NY10538     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    LEGAL INFORMATION FOR FAMILIES TODAY
    32 COURT STREET SUITE 1208
    BROOKLYN,NY11201     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    LEO BAECK INSTITUTE
    15 WSEST 16TH STREET
    NEW YORK,NY10011     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    LET'S GET READY
    50 BROADWAY SUITE 806
    NEW YORK,NY10004     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 60,000
    LYMAN ALLYN MUSEUM
    625 WILLIAMS STREET
    NEW LONDON,CT06320     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    MARLBORO MUSIC
    1616 WALNUT STREET SUITE 1600
    PHILADELPHIA,PA19103     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 32,500
    MORGAN LIBRARY
    225 MADISON AVENUE
    NEW YORK,NY100163405     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 12,500
    MT SINAI SCHOOL OF MEDICINE
    ONE GUSTAVE LEVY PLACE BOX 1049
    NEW YORK,NY100296574     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    MERRITT PARKWAY CONSERVANCY
    PO BOX 17972
    STAMFORD,CT06907     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,500
    METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVENUE
    NEW YORK,NY100280198     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    METROPOLITAN OPERA
    LINCOLN CENTER
    NEW YORK,NY10023     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 25,000
    MULTIPLE MYELOMA RESEARCH FDN
    383 MAIN AVENUE 5TH FLOOR
    NORWALK,CT06851     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 50,000
    NATIONAL MS SOCIETY COLORADO
    900 BROADWAY SUITE 250
    DENVER,CO80209     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 3,000
    NEADS
    PO BOX 213
    WEST BOYLSTON,MA01583     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    NEW YORK HISTORICAL SOCIETY
    170 CENTRAL PARK WEST
    NEW YORK,NY100245194     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,000
    NEW YORK PHILHARMONIC
    10 LINCOLN CENTER PLAZA
    NY,NY100236970     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    NYU LANGONE MEDICAL CENTER
    ONE PARK AVENUE 17TH FLOOR
    NEW YORK,NY10065     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    OLD ROAD FUND
    PO BOX 494
    ANTIGUA AN    
    AV     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,000
    PARK AVENUE ARMORY
    643 PARK AVENUE
    NEW YORK,NY10065     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    PLANNED PARENTHOOD OF SO NEW ENGLAND
    345 WHITNEY AVENUE
    NEW HAVEN,CT06511     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 127,750
    PURCHASE COLLEGE FOUNDATION
    735 ANDERSON HILL ROAD
    PURCHASE,NY105771400     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 6,000
    PUTNAM INDIAN FIELD SCHOOL
    101 INDIAN FIELD ROAD
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    READING TEAM
    2090 ADAM CLAYTON POWELL JR BLVD 1C
    NY,NY10027     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    SAVE THE CHILDREN
    501 KINGS HIGHWAY E STE 400
    FAIRFIELD,CT06825     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 3,000
    SEEDS OF PEACE
    370 LEXINGTON AVENUE SUITE 1201
    NEW YORK,NY10017     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,500
    SHAKESPEARE ON THE SOUND
    PO BOX 15
    NORWALK,CT06853     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    SHARP AGAIN NATURALLY
    PO BOX 713
    LARCHMONT,NY10538     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 2,000
    SLIFKA CENTER FOR JEWISH LIFE AT YALE
    80 WALL STREET
    NEW HAVEN,CT06511     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    SQUASH HAVEN
    70 TOWER PARKWAY
    NEW HAVEN,CT06520     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 15,000
    STANFORD GRADUATE SCHOOL OF BUSINESS
    301 ENCINA HALL
    STANFORD,CA94305     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 150,000
    SUMMER CAMP
    8 CHURCH STREET
    BRIDGTON,ME04009     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    TAFT SCHOOL
    110 WOODBURY ROAD
    WATERTOWN,CT06795     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    TEACHERS COLLEGE AT COLUMBIA UNIVERSITY
    525 WEST 120TH ST BOX 306
    NEW YORK,NY10027     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    TEMPLE BETH SHOLOM
    4144 CHASE AVENUE
    MIAMI BEACH,FL33140     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    TEMPLE SHOLOM
    300 EAST PUTNAM AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 16,000
    THAMES VALLEY MUSIC SCHOOL
    270 MOHEGAN AVENUE BOX 5294
    NEW LONDON,CT06320     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 3,000
    US LACROSSE FOUNDATION
    2 LOVETON CIRCLE
    SPARKS,MD21152     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,000
    UNIV OF HAWAII FOUNDATION
    651 ILALO ST STUIE 223J
    HONOLULU,HI96813     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    WASHINGTON INSTITUTE
    1828 L STREET NW
    WASHINGTON,DC20036     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    WATERSIDE SCHOOL
    779 PACIFIC STREET
    STAMFORD,CT06902     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 106,000
    WESTCHESTER COMMUNITY COLLEGE
    75 GRASSLANDS ROAD
    VALHALLA,NY105951698     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 500
    WESTCHESTER PHILHARMONIC
    123 MAIN STREET SUITE 701
    WHITE PLAINS,NY10601     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    TRICKLE UP
    104 WEST 27TH STREET 12TH FLOOR
    NEW YORK,NY10001     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 250,000
    UJAFEDERATION OF GREENWICH
    1 HOLLY HILL LANE
    GREENWICH,CT06831     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 7,500
    WESTCHESTER ARC
    265 SAW MILL RIVER ROAD
    HAWTHORNE,NY10532     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 50,000
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA01267     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    YALE ART MUSEUMS
    PO BOX 208271
    NEW HAVEN,CT065208271     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 5,000
    YALE CANCER CENTER
    157 CHURCH SREET
    NEW HAVEN,CT06510     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 10,000
    YALE UNIVERSITY
    265 CHURCH STREET
    NEW HAVEN,CT06510     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,350,000
    YONKERS PARTNERS IN EDUCATION
    86 MAIN STREET SUITE 3
    YONKERS,NY10701     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 50,000
    YWCA OF GREENWICH
    259 EAST PUTNAM AVENUE
    GREENWICH,CT06830     		  PC GRANT TO FURTHER DONEE'S EXEMPT PURPOSE 1,500
    Total .................................bullet 3a 4,403,950
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 2,206,937  
    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 32,993  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,113,725  
    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 8,353,655 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,353,655
    (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:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MAZARS USA LP 23,300 4,660   18,640
    MISSION QUICKBOOKS 940 188   752

    TY 2018 GeneralExplanationAttachment
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Identifier Return Reference Explanation
    FORM 4720 EXCEPTION EXPLANATION FORM 990PF, PART VII-B, LINE 1A(4) THE ORGANIZATION PAYS REASONABLE COMPENSATION TO AN OFFICER OF THE CORPORATION. THIS MEETS THE EXCEPTION; THEREFORE, FORM 4720 HAS NOT BEEN PREPARED.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DODGE & COX INCOME FD 702,078 702,078
    DOUBLELINE TOTL RET BND-I 2,027,031 2,027,031
    JPM MANAGED INCOME FD - USD - L 691,014 691,014
    SCHWAB U.S. TIPS ETF 1,546,487 1,546,487
    VANGUARD TOTAL BOND MARKET INDEX 1,677,340 1,677,340

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 733,491 733,491
    BANK OF NEW YORK MELLON 590,980 590,980
    BERKSHIRE HATHAWAY INC-CL A 918,000 918,000
    BERKSHIRE HATHAWAY INC-CL B 816,720 816,720
    BOSTON PROPERTIES INC 211,203 211,203
    FIDELITY 500 INDEX FD-AI 4,844,055 4,844,055
    FIDELITY 500 INDEX FD-AI 6,382,708 6,382,708
    FIDELITY EXTENDED MARKET INDEX FUND 1,311,927 1,311,927
    GOLDMAN SACHS GROUP INC PFD 6.2% 4,743 4,743
    INVESCO QQQ TR UNITSER1 1,330,955 1,330,955
    ISHARES CORE MSCI EMERGING 3,379,806 3,379,806
    ISHARES CORE MSCI EUROPE 6,976,049 6,976,049
    ISHARES INC MSCI JAPAN NEW 5,822,253 5,822,253
    ISHARES MSCI ALL COUNTRY ASI 913,434 913,434
    ISHARES MSCI CHINA ETF 716,948 716,948
    ISHARES MSCI INDIA ETF 2,157,498 2,157,498
    ISHARES MSCI PACIFIC EX-JAPAN 1,740,251 1,740,251
    MATTHEWS PACIFIC TIGER-INST 1,585,802 1,585,802
    MICROSOFT CORP 1,015,700 1,015,700
    NEUBERGER BER GR CHINA EQ-IS 65,371 65,371
    OAKMARK INTERNATIONAL-INST 3,742,222 3,742,222
    PARNASSUS CORE EQUITY FD-INS 5,081,642 5,081,642
    PNC FINANCIAL SERVICES 693,600 693,600
    PRIMECAP ODYSSEY GROWTH 1,377,666 1,377,666
    PRIMECAP ODYSSEY STOCK FD 5,610,546 5,610,546
    SL GREEN REALTY CORP 100,920 100,920
    SPDR S&P OIL & GAS EXP & PR 551,293 551,293
    STATE STREET CORP 334,580 334,580
    VANECK VECTORS GOLD MINERS ETF 724,146 724,146
    VANGUARD MID-CAP ETF 2,853,002 2,853,002
    WELLS FARGO & COMPANY 748,927 748,927

    TY 2018 InvestmentsOtherSchedule2
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CRP VIII (CARLYLE) PRIVATE AT COST 74,677 74,677
    ISHARES GOLD TRUST AT COST 802,463 802,463
    MARX REALTY AT COST 1,354,639 1,354,639
    PGIM GLOBAL REAL ESTATE FUND AT COST 3,565,684 3,565,684
    TORTOISE MLP & PIPELINE-INST AT COST 1,134,744 1,134,744

    TY 2018 OtherDecreasesSchedule
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Description Amount
    UNREALIZED LOSSES ON INVESTMENTS 16,265,978


    TY 2018 OtherExpensesSchedule
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 2,756 0   2,756
    BANK CHARGES 52 0   52
    OFFICE EXPENSES 6,426 0   6,426
    COMPUTER EXPENSE 948 0   948
    MEMBERSHIP 2,403 0   2,403
    MEALS AND ENTERTAINMENT 2,499 0   2,499
    PAYROLL PROCESSING 1,725 0   1,725
    TELEPHONE 1,008 0   1,008


    TY 2018 OtherIncomeSchedule2
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SYNDICATE INCOME 32,993 32,993 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JP MORGAN 168,342 168,342   0


    TY 2018 TaxesSchedule
    Name:
    S&L MARX FOUNDATION INC
    EIN:
    20-0677535
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 199,862 0   0
    PAYROLL TAXES 10,312 1,031   9,281
    FOREIGN TAX 1,774 1,774   0