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
FOSTER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 14624
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, VA23221
A Employer identification number

20-0295545
B Telephone number (see instructions)

(804) 222-2333
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$4,017,481J 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 7,574 7,574  
4 Dividends and interest from securities... 120,121 120,121  
5a Gross rents............      
b Net rental income or (loss) -1
6a Net gain or (loss) from sale of assets not on line 10 64,278
b Gross sales price for all assets on line 6a 2,081,866
7 Capital gain net income (from Part IV, line 2)... 64,278
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 120 120  
12 Total. Add lines 1 through 11........ 192,093 192,093  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 5,000 2,500   2,500
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,715 2,358   2,357
c Other professional fees (attach schedule).... Click to see attachment 32,796 32,796   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,372 1,263   209
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 1,436 1,342   94
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 49,319 40,259   5,160
25 Contributions, gifts, grants paid....... 709,950 709,950
26 Total expenses and disbursements. Add lines 24 and 25 759,269 40,259   715,110
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -567,176
b Net investment income (if negative, enter -0-) 151,834
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............. 85,880 32,409 32,409
2 Savings and temporary cash investments......... 297,787 189,965 189,965
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) 94,098 Click to see attachment93,529 95,257
b Investments—corporate stock (attach schedule)....... 2,031,466 Click to see attachment1,280,657 1,429,575
c Investments—corporate bonds (attach schedule)....... 78,319 Click to see attachment59,590 58,351
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,925,517 Click to see attachment2,289,741 2,211,924
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) 4,513,067 3,945,891 4,017,481
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 0 0
29 Retained earnings, accumulated income, endowment, or other funds 4,513,067 3,945,891
30 Total net assets or fund balances (see instructions)..... 4,513,067 3,945,891
31 Total liabilities and net assets/fund balances (see instructions). 4,513,067 3,945,891
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
4,513,067
2
Enter amount from Part I, line 27a .....................
2
-567,176
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,945,891
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,945,891
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 0.8364 CVS HEALTH CORP P 2018-11-29 2018-11-29
b 0.1667 GARRETT MOTION INC P 2018-07-31 2018-10-03
c 0.1667 RESIDEO TECHS INC P 2018-07-31 2018-10-31
d 7 AETNA INC NEW P 2017-01-01 2018-11-29
e 13 AETNA INC NEW P 2017-01-01 2018-11-29
8 AETNA INC NEW P 2017-01-01 2018-11-29
10 AETNA INC NEW P 2017-01-01 2018-11-29
135 ASSA ABLOY AB ADR P 2017-01-01 2018-09-18
605.4490 BLKRCK GLB ALLOC I P 2017-01-01 2018-09-20
1.8018 BRIGHTHOUSE FINL INC P 2017-01-01 2018-09-18
0.5405 BRIGHTHOUSE FINL INC P 2017-01-01 2018-09-18
1.8018 BRIGHTHOUSE FINL INC P 2017-01-01 2018-09-18
1.3514 BRIGHTHOUSE FINL INC P 2017-01-01 2018-09-18
4.5045 BRIGHTHOUSE FINL INC P 2017-01-01 2018-09-18
0.1867 GARRETT MOTION INC P 2017-01-01 2018-10-03
0.1467 GARRETT MOTION INC P 2017-01-01 2018-10-03
206 GENERAL ELECTRIC COMPANY P 2017-01-01 2018-01-04
62 GENERAL ELECTRIC COMPANY P 2017-01-01 2018-01-04
32 GENERAL ELECTRIC COMPANY P 2017-01-01 2018-01-04
13 HESS CORP P 2017-01-01 2018-01-04
6 HESS CORP P 2017-01-01 2018-01-04
31 INTL PAPER COMPANY P 2017-01-01 2018-09-20
10 INTL PAPER COMPANY P 2017-01-01 2018-09-20
6 INTL PAPER COMPANY P 2017-01-01 2018-09-20
55 INTL PAPER COMPANY P 2017-01-01 2018-09-20
KEURIG DR PEPPER INC P 2017-01-01 2018-07-06
KEURIG DR PEPPER INC P 2017-01-01 2018-07-06
KEURIG DR PEPPER INC P 2017-01-01 2018-07-06
KEURIG DR PEPPER INC P 2017-01-01 2018-07-06
17 MCKESSON CORP P 2017-01-01 2018-07-27
8 MCKESSON CORP P 2017-01-01 2018-07-27
20 MCKESSON CORP P 2017-01-01 2018-07-27
20 METLIFE INC P 2017-01-01 2018-09-18
6 METLIFE INC P 2017-01-01 2018-09-18
20 METLIFE INC P 2017-01-01 2018-09-18
15 METLIFE INC P 2017-01-01 2018-09-18
50 METLIFE INC P 2017-01-01 2018-09-18
21 QUALCOMM INC P 2017-01-01 2018-01-24
20 QUALCOMM INC P 2017-01-01 2018-01-24
13 QUALCOMM INC P 2017-01-01 2018-01-24
22 QUALCOMM INC P 2017-01-01 2018-01-24
8 QUALCOMM INC P 2017-01-01 2018-01-24
8 QUALCOMM INC P 2017-01-01 2018-01-24
0.1867 RESIDEO TECHS INC P 2017-01-01 2018-10-31
0.1467 RESIDEO TECHS INC P 2017-01-01 2018-10-31
23 SCHLUMBERGER LTD P 2017-01-01 2018-09-18
32 SCHLUMBERGER LTD P 2017-01-01 2018-09-18
8 SCHLUMBERGER LTD P 2017-01-01 2018-09-18
37 SCHLUMBERGER LTD P 2017-01-01 2018-09-18
45 SCHLUMBERGER LTD P 2017-01-01 2018-09-18
11 SYNGENTA AG SPONS ADR P 2017-01-01 2018-01-16
12 SYNGENTA AG SPONS ADR P 2017-01-01 2018-01-16
25 SYNGENTA AG SPONS ADR P 2017-01-01 2018-01-16
16 SYNGENTA AG SPONS ADR P 2017-01-01 2018-01-16
36 SYNGENTA AG SPONS ADR P 2017-01-01 2018-01-16
120 VODAFONE GRP PLC NEW ADR P 2017-01-01 2018-09-18
53 VODAFONE GRP PLC NEW ADR P 2017-01-01 2018-09-18
17 WESTERN DIGITAL CORP P 2017-01-01 2018-02-13
3 WESTERN DIGITAL CORP P 2017-01-01 2018-02-13
5 WESTERN DIGITAL CORP P 2017-01-01 2018-02-13
3 WESTERN DIGITAL CORP P 2017-01-01 2018-02-13
10,000 AT&T INC P 2017-01-01 2018-02-01
8,000 BP CAP MKTS P 2017-01-01 2018-09-26
1090.937 SHS BLACKSTONE ALT MULTI-STRAT-I P 2017-01-01 2018-03-07
672.897 SHS BLACKSTONE ALT MULTI-STRAT-I P 2017-01-01 2018-05-14
2268.907 SHS BLACKSTONE ALT MULTI-STRAT-I P 2017-01-01 2018-08-22
243 SHS BRANDES INTL S/C EQUITY-I P 2017-01-01 2018-03-07
157.068 SHS BRANDES INTL S/C EQUITY-I P 2017-01-01 2018-05-14
5018.483 SHS BRANDES INTL S/C EQUITY-I P 2017-01-01 2018-06-19
374.472 SHS CAMBIAR INTL EQUITY FUND-INS P 2017-01-01 2018-03-07
230.478 SHS CAMBIAR INTL EQUITY FUND-INS P 2017-01-01 2018-05-14
771.787 SHS CAMBIAR INTL EQUITY FUND-INS P 2017-01-01 2018-08-22
309.735 SHS DFA INTERNATIONAL SMALL CO P 2017-01-01 2018-08-22
686.364 SHS DFA L/C INTERNATIONAL PORTF P 2017-01-01 2018-03-07
429.799 SHS DFA L/C INTERNATIONAL PORTF P 2017-01-01 2018-05-14
1449.653 SHS DFA L/C INTERNATIONAL PORTF P 2017-01-01 2018-08-22
734.702 SHS DOUBLELINE TOTL RET BND-I P 2017-01-01 2018-03-07
461.095 SHS DOUBLELINE TOTL RET BND-I P 2017-01-01 2018-05-14
2519.157 SHS DOUBLELINE TOTL RET BND-I P 2017-01-01 2018-08-22
222.909 SHS EATON VANCE-ATLANTA SMID-I P 2017-01-01 2018-03-07
139.521 SHS EATON VANCE-ATLANTA SMID-I P 2017-01-01 2018-05-14
465.365 SHS EATON VANCE-ATLANTA SMID-I P 2017-01-01 2018-08-22
663,030.85 FEDERATED TRSY OBLIG MM-I #68 FFS P 2017-01-01 2018-12-31
43 SHS ISHARES BARCLAYS MBS BOND ETF P 2017-01-01 2018-03-08
27 SHS ISHARES BARCLAYS MBS BOND ETF P 2017-01-01 2018-05-15
880 SHS ISHARES BARCLAYS MBS BOND ETF P 2017-01-01 2018-06-06
71 SHS ISHARES CORE U.S. AGGREGATE BO P 2017-01-01 2018-03-08
44 SHS ISHARES CORE U.S. AGGREGATE BO P 2017-01-01 2018-05-15
1460 SHS ISHARES CORE U.S. AGGREGATE BO P 2017-01-01 2018-06-06
91 SHS ISHARES DJ SELECT DIVIDEND ETF P 2017-01-01 2018-03-08
1937 SHS ISHARES DJ SELECT DIVIDEND ETF P 2017-01-01 2018-03-14
74 SHS ISHARES IBOXX INV GRD CORP BOND ETF P 2017-01-01 2018-03-08
46 SHS ISHARES IBOXX INV GRD CORP BOND ETF P 2017-01-01 2018-05-15
1536 SHS ISHARES IBOXX INV GRD CORP BOND ETF P 2017-01-01 2018-06-06
107 SHS ISHARES U.S. TREASURY BOND ETF P 2017-01-01 2018-03-08
66 SHS ISHARES U.S. TREASURY BOND ETF P 2017-01-01 2018-05-15
2200 SHS ISHARES U.S. TREASURY BOND ETF P 2017-01-01 2018-06-06
74.341 SHS JANUS HENDERSON SMALL CAP VALUE I P 2017-01-01 2018-03-07
48.246 SHS JANUS HENDERSON SMALL CAP VALUE I P 2017-01-01 2018-05-14
157.09 SHS JANUS HENDERSON SMALL CAP VALUE I P 2017-01-01 2018-08-22
1,247.619 SHS MUZINICH CREDIT OPP-INST P 2017-01-01 2018-08-22
117.234 SHS OPPENHEIMER DEVELOPING MKT-I P 2017-01-01 2018-03-07
74.678 SHS OPPENHEIMER DEVELOPING MKT-I P 2017-01-01 2018-05-14
241.995 SHS OPPENHEIMER DEVELOPING MKT-I P 2017-01-01 2018-08-22
418.888 SHS PARAMETRIC DIV INCOME-INS P 2017-01-01 2018-05-14
1416.058 SHS PARAMETRIC DIV INCOME-INS P 2017-01-01 2018-08-22
1735.7 SHS PIMCO INVESTMENT GRD CORP-IN P 2017-01-01 2018-08-22
29.705 SHS T ROWE PR QM US S/C GR EQ-I P 2017-01-01 2018-05-14
100.376 SHS T ROWE PR QM US S/C GR EQ-I P 2017-01-01 2018-08-22
47.59 SHS T RWE QM US S/C GR EQ P 2017-01-01 2018-03-07
261.293 SHS VAN ECK EMERGING MARKETS-I P 2017-01-01 2018-03-07
161.206 SHS VAN ECK EMERGING MARKETS-I P 2017-01-01 2018-05-14
541.989 SHS VAN ECK EMERGING MARKETS-I P 2017-01-01 2018-08-22
146 SHS VANGUARD RUSSELL 1000 GROWTH ELF P 2017-01-01 2018-03-08
91 SHS VANGUARD RUSSELL 1000 GROWTH ELF P 2017-01-01 2018-05-15
302 SHS VANGUARD RUSSELL 1000 GROWTH ELF P 2017-01-01 2018-08-23
181 SHS VANGUARD RUSSELL 1000 VALUE ELF P 2017-01-01 2018-03-08
112 SHS VANGUARD RUSSELL 1000 VALUE ELF P 2017-01-01 2018-05-15
376 SHS VANGUARD RUSSELL 1000 VALUE ELF P 2017-01-01 2018-08-23
940.018 SHS WELLS FARGO ABS RTRN-INST P 2017-01-01 2018-08-22
963.163 SHS WESTERN ASSET CORE PLUS BD-I P 2017-01-01 2018-03-07
605.795 SHS WESTERN ASSET CORE PLUS BD-I P 2017-01-01 2018-05-14
2691.968 SHS WESTERN ASSET CORE PLUS BD-I P 2017-01-01 2018-08-22
453.422 SHS WF ABSOLUTE RETURN FUND-INS P 2017-01-01 2018-03-07
287.707 SHS WF ABSOLUTE RETURN FUND-INS P 2017-01-01 2018-05-14
(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 67   68 -1
b 3   3 0
c 4   5 -1
d 1,488   467 1,021
e 2,764   868 1,896
1,701   521 1,180
2,126   770 1,356
1,380   876 504
12,000   12,702 -702
78   101 -23
23   34 -11
78   114 -36
58   86 -28
194   250 -56
3   1 2
2   2 0
3,823   4,566 -743
1,151   1,639 -488
594   859 -265
653   1,177 -524
301   548 -247
1,693   1,423 270
546   483 63
328   290 38
3,004   2,912 92
368     368
95     95
108     108
43     43
2,119   1,772 347
997   1,867 -870
2,493   3,541 -1,048
940   872 68
282   292 -10
940   979 -39
705   741 -36
2,350   2,147 203
1,433   1,570 -137
1,365   1,549 -184
887   1,007 -120
1,501   1,644 -143
546   590 -44
546   505 41
4   2 2
3   3 0
1,406   1,691 -285
1,956   2,841 -885
489   741 -252
2,262   2,913 -651
2,751   3,622 -871
1,022   715 307
1,115   787 328
2,324   1,631 693
1,487   1,041 446
3,346   2,922 424
2,711   4,100 -1,389
1,197   1,867 -670
1,413   1,421 -8
249   253 -4
416   514 -98
249   306 -57
10,000   10,000 0
8,000   8,000 0
11,564   11,525 39
7,200   7,109 91
24,300   23,969 331
3,259   3,283 -24
2,100   2,122 -22
64,789   67,792 -3,003
10,639   9,021 1,618
6,700   5,552 1,148
20,900   18,592 2,308
6,300   6,581 -281
16,370   14,737 1,633
10,500   9,230 1,270
33,400   31,158 2,242
7,678   8,191 -513
4,800   5,139 -339
26,300   27,349 -1,049
7,677   5,472 2,205
4,900   3,425 1,475
17,400   11,424 5,976
663,031   663,031 0
4,468   4,695 -227
2,797   2,948 -151
91,287   96,090 -4,803
7,556   7,782 -226
4,656   4,823 -167
154,656   160,026 -5,370
8,828   6,951 1,877
188,450   147,950 40,500
8,616   8,816 -200
5,300   5,480 -180
176,316   182,999 -6,683
2,619   2,752 -133
1,610   1,698 -88
53,817   56,586 -2,769
1,691   1,730 -39
1,100   1,123 -23
3,800   3,655 145
12,969   13,112 -143
5,233   3,924 1,309
3,300   2,500 800
9,900   8,101 1,799
5,500   5,525 -25
19,400   18,678 722
17,600   17,513 87
1,100   601 499
4,000   2,030 1,970
1,727   960 767
5,234   3,888 1,346
3,100   2,399 701
9,100   8,064 1,036
21,101   18,199 2,902
13,247   11,343 1,904
46,967   37,644 9,323
19,550   18,560 990
12,017   11,485 532
41,743   38,555 3,188
10,500   10,351 149
11,096   11,371 -275
6,900   7,151 -251
30,500   31,456 -956
5,228   4,993 235
3,300   3,168 132
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1
b       0
c       -1
d       1,021
e       1,896
      1,180
      1,356
      504
      -702
      -23
      -11
      -36
      -28
      -56
      2
      0
      -743
      -488
      -265
      -524
      -247
      270
      63
      38
      92
      368
      95
      108
      43
      347
      -870
      -1,048
      68
      -10
      -39
      -36
      203
      -137
      -184
      -120
      -143
      -44
      41
      2
      0
      -285
      -885
      -252
      -651
      -871
      307
      328
      693
      446
      424
      -1,389
      -670
      -8
      -4
      -98
      -57
      0
      0
      39
      91
      331
      -24
      -22
      -3,003
      1,618
      1,148
      2,308
      -281
      1,633
      1,270
      2,242
      -513
      -339
      -1,049
      2,205
      1,475
      5,976
      0
      -227
      -151
      -4,803
      -226
      -167
      -5,370
      1,877
      40,500
      -200
      -180
      -6,683
      -133
      -88
      -2,769
      -39
      -23
      145
      -143
      1,309
      800
      1,799
      -25
      722
      87
      499
      1,970
      767
      1,346
      701
      1,036
      2,902
      1,904
      9,323
      990
      532
      3,188
      149
      -275
      -251
      -956
      235
      132
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 64,278
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 720,344 5,064,565 0.142232
2016 489,159 5,001,627 0.097800
2015 421,071 5,530,399 0.076138
2014 427,089 6,304,481 0.067744
2013 746,080 6,201,565 0.120305
2
Total of line 1, column (d) .....................
2
0.504219
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
0.100844
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
4,604,412
5
Multiply line 4 by line 3......................
5
464,327
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,518
7
Add lines 5 and 6........................
7
465,845
8
Enter qualifying distributions from Part XII, line 4,.............
8
715,110
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 1,518
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 1,518
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 1,518
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,072
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 2,072
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 10 554
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet554 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)
    bulletNC
    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 ofbulletYOUNT HYDE BARBOUR PC Telephone no.bullet (804) 553-1900

    Located atbullet9954 MAYLAND DRIVE SUITE 2300RICHMONDVA ZIP+4bullet23233
    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
    LOUISE L FOSTER PRES/TREAS/DIRECTOR
    2.00     		0 0 0
    1633 LINTON COURT
    HIGH POINT,NC27262
    GILBERT L GATES DIRECTOR
    1.00     		0 0 0
    300 NORTH MAIN STREET
    HIGH POINT,NC27260
    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
    4,556,461
    b
    Average of monthly cash balances.......................
    1b
    118,069
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,674,530
    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
    4,674,530
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    70,118
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,604,412
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    230,221
    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
    230,221
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,518
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,518
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    228,703
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    228,703
    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
    228,703
    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
    715,110
    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
    715,110
    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
    1,518
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    713,592
    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 7 228,703
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 444,260
    b From 2014...... 125,212
    c From 2015...... 146,427
    d From 2016...... 240,664
    e From 2017...... 473,970
    fTotal of lines 3a through e........ 1,430,533
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 715,110
    a Applied to 2017, but not more than line 2a 0
    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..... 228,703
    e Remaining amount distributed out of corpus 486,407
    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 1,916,940
    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 ..........     		0
    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) ...     		444,260
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,472,680
    10 Analysis of line 9:
    a Excess from 2014.... 125,212
    b Excess from 2015.... 146,427
    c Excess from 2016.... 240,664
    d Excess from 2017.... 473,970
    e Excess from 2018.... 486,407
    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
    ST MARY'S EPISCOPAL CHURCH
    108 WEST FARRISS AVENUE
    HIGH POINT,NC27262     		NONE   RELIGIOUS 28,500
    BOYS & GIRLS CLUBS OF GREATER HIGH POINT
    PO BOX 2834
    HIGH POINT,NC27261     		NONE   SOCIAL SERVICES 14,550
    FAMILY SERVICE OF HIGH POINT FOUNDATION INC
    1401 LONG STREET
    HIGH POINT,NC27262     		NONE   SOCIAL SERVICES 10,000
    OPEN DOOR MINISTRIES
    PO BOX 1528
    HIGH POINT,NC27261     		NONE   SOCIAL SERVICES 102,500
    UNITED WAY OF HIGH POINT
    201 CHURCH AVENUE
    HIGH POINT,NC27262     		NONE   SOCIAL SERVICES 75,000
    THEATRE ART GALLERIES
    220 E COMMERCE AVE
    HIGH POINT,NC27260     		NONE   SOCIAL SERVICES 2,000
    FEEDMORE
    1415 RHOADMILLER STREET
    RICHMOND,VA23220     		NONE   SOCIAL SERVICES 900
    ASSEMBLIES LIFE LINE
    301 E LEXINGTON AVENUE
    HIGH POINT,NC27262     		NONE   RELIGIOUS 1,000
    HIGH POINT REGIONAL HEALTH SYSTEM - FOUNDATION OFFICE
    601 N ELM STREET
    HIGH POINT,NC27262     		NONE   HEALTH CARE 100,500
    WEST END MINISTRIES
    903 W ENGLISH RD
    HIGH POINT,NC27261     		NONE   RELIGIOUS 1,000
    FOCUS RICHMOND
    2421 WESTWOOD AVENUE STE C
    RICHMOND,VA23230     		NONE   EDUCATION 15,000
    HIGH POINT COMMUNITY FOUNDATION
    501 N MAIN ST 2
    HIGH POINT,NC27260     		NONE   SOCIAL SERVICES 157,000
    ST JOSEPH'S VILLA
    8000 BROOK ROAD
    RICHMOND,VA23227     		NONE   SOCIAL SERVICES 25,000
    HELPING HANDS MINISTRIES
    2301 S MAIN ST
    HIGH POINT,NC27263     		NONE   SOCIAL SERVICES 2,500
    LIGHTHOUSE PROJECT
    PO BOX 5166
    HIGH POINT,NC27262     		NONE   SOCIAL SERVICES 500
    COMMUNITY CLINIC OF HIGH POINT
    779 N MAIN STREET
    HIGH POINT,NC27262     		NONE   SOCIAL SERVICES 51,000
    WESLEY MEMORIAL UNITED METHODIST CHURCH
    1720 MECHANICSVILLE TPKE
    RICHMOND,VA23223     		NONE   RELIGIOUS 20,000
    JAMES RIVER ASSOCIATION
    211 ROCKETTS WAY SUITE 200
    RICHMOND,VA23231     		NONE   EDUCATION 1,000
    FLAGLER COLLEGE
    74 KING STREET
    ST AUGUSTINE,FL32084     		NONE   EDUCATION 100,000
    COMMUNITIES IN SCHOOLS
    PO BOX 6735
    HIGH POINT,NC27262     		NONE   EDUCATION 1,000
    GO FAR - GO OUT FOR A RUN
    PO BOX 6041
    HIGH POINT,NC27262     		NONE   SOCIAL SERVICES 1,000
    Total .................................bullet 3a 709,950
    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 ...........     		    14 7,574  
    4 Dividends and interest from securities....     14 120,121  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 -1  
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 120  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 64,278  
    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).. 0 192,092 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    192,092
    (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:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,715 2,358   2,357

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Name of Bond End of Year Book Value End of Year Fair Market Value
    11,000 SHS CISCO SYS INC 11,301 11,164
    6,000 SHS CITIGROUP INC 6,300 6,143
    10,000 SHS GOLDMAN SACHS GROUP INC 10,757 10,483
    5,000 SHS WELLS FARGO & CO 5,148 4,976
    6,000 SHS ANHEUSER BUSCH INBEV 6,018 5,750
    13,000 SHS COMCAST CORP NEW 13,062 13,011
    7,000 SHS WELLS FARGO & CO 7,004 6,824

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Name of Stock End of Year Book Value End of Year Fair Market Value
    102 SHS ABBOTT LABORATORIES 4,332 7,378
    26 SHS ABBVIE INC 1,200 2,397
    60 SHS ACACIA COMMUNICATIONS 3,780 2,280
    2 SHS ADVANSIX INC 23 49
    15 SHS ALPHABET INC 11,502 15,534
    7 SHS ALPHABET INC 2,812 7,315
    120 SHS AMERICAN INTL GROUP INC 5,775 4,729
    24 SHS AMGEN INC 2,508 4,672
    20 SHS ANTHEM INC 2,757 5,253
    200 SHS APPLE INC 23,981 31,548
    800 SHS ARES CAPITAL CORP 13,208 12,464
    218 SHS ASTRAZENECA PLC 6,953 8,280
    205 SHS BRISTOL MYERS SQUIBB 10,175 10,656
    125 SHS CHEVRON CORP 13,603 13,599
    100 SHS CHUBB LTD 12,479 12,918
    550 SHS CISCO SYSTEMS INC 18,944 23,832
    260 SHS CITIGROUP INC NEW 13,388 13,536
    416 SHS COMCAST CORP CL A NEW 8,486 14,165
    191 SHS CVS HEALTH CORP 14,725 12,514
    175 SHS DISCOVER FINANCIAL SVCS 10,146 10,322
    180 SHS DOMINION ENERGY INC 11,619 12,863
    351 SHS DOW CHEMICAL COMPANY 15,578 18,771
    150 SHS ELI LILLY & COMPANY 10,005 17,358
    110 SHS EXXON MOBIL CORP 9,673 7,501
    160 SHS FACEBOOK INC CL A 18,672 20,974
    189 SHS FIFTH THIRD BANCORP 3,504 4,447
    7 SHS GARRETT MOTION INC 82 86
    470 SHS GENMAB A/S 1,885 7,743
    40 SHS GOLDMAN SACHS GROUP INC 6,144 6,682
    725 SHS HANNON ARMSTRONG 14,883 13,811
    89 SHS HOME DEPOT INC 7,091 15,292
    75 SHS HONEYWELL INTL INC 7,890 9,909
    370 SHS INTEL CORP 12,462 17,364
    163 SHS ISHARES JPMORGAN USD 19,648 16,937
    464 SHS ISHARES MSCI EMERGING 19,593 18,124
    85 SHS JOHNSON & JOHNSON 9,060 10,969
    345 SHS JPMORGAN CHASE & 21,863 33,679
    70 SHS KEURIG DR PEPPER INC 5,323 1,795
    217 SHS KROGER COMPANY 7,302 5,968
    10 SHS LOCKHEED MARTIN CORP 1,507 2,618
    89 SHS LOWES COMPANIES INC 3,443 8,220
    90 SHS MASTERCARD INC 6,463 16,979
    161 SHS MERCK & COMPANY INC NEW 7,777 12,302
    145 SHS MICROSOFT CORP 4,933 14,728
    200 SHS MONDELEZ INTERNATIONAL 7,601 8,006
    32 SHS NEXTERA ENERGY INC 2,578 5,562
    24 SHS NORTHROP GRUMMAN CORP 1,785 5,878
    100 SHS PACKAGING CORP OF 7,218 8,346
    440 SHS PFIZER INC 14,264 19,206
    230 SHS PHILIP MORRIS INTL INC 20,471 15,355
    50 SHS PHILLIPS 66 3,695 4,308
    90 SHS PROCTER & GAMBLE COMPANY PG 6,789 8,273
    125 SHS PRUDENTIAL FINANCIAL INC 11,238 10,194
    51 SHS RAYTHEON COMPANY NEW 3,058 7,821
    12 SHS RESIDEO TECHNOLOGIES INC 233 247
    177 SHS SUNTRUST BANKS INC 5,580 8,928
    166 SHS TEVA PHARMACEUTICAL INDS 8,423 2,560
    63 SHS TRAVELERS COMPANIES INC 5,286 7,544
    187 SHS U S BANCORP DE NEW 6,216 8,546
    75 SHS UNION PACIFIC CORP 6,638 10,367
    75 SHS UNITED PARCEL SERVICE 7,518 7,315
    75 SHS UNITED TECHNOLOGIES CORP 7,653 7,986
    60 SHS UNITEDHEALTH GROUP INC 6,004 14,947
    90 SHS UNIVERSAL HEALTH 10,376 10,490
    2701 SHS VANGUARD RUSSELL 1000 GROWTH INDEX FD ETF SHS 336,680 363,257
    3366 SHS VANGUARD RUSSELL 1000 VALUE INDEX FD ETF SHS 345,151 326,839
    320 SHS VERIZON COMMUNICATIONS 15,772 17,990
    42 SHS WAL-MART STORES INC 3,478 3,912
    90 SHS WALT DISNEY CO 7,902 9,869
    236 SHS WELLS FARGO & CO NEW 10,079 10,875
    225 SHS WILLIAMS COS INC 5,565 4,961
    60 SHS 3M COMPANY 6,229 11,432

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

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


    93,529
    State & Local Government Securities - End of Year Fair Market Value:


    95,257


    TY 2018 InvestmentsOtherSchedule2
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    2550.200 SHS BLACKROCK GLOBAL ALLOC AT COST 43,520 37,038
    6775.262 SHS BLACKROCK STRATEGIC INCOME OPPTYS AT COST 69,066 65,043
    1647.704 SHS BLACKROCK INFLATION PROTECTED BOND AT COST 19,944 16,856
    20693.797 SHS BLACKSTONE ALT MULTI STRATEGY AT COST 218,547 214,595
    7051.390 SHS CAMBIAR INTERNATIONAL EQUITY FD AT COST 169,774 162,676
    2970.156 SHS DFA INTL SMALL COMPANY AT COST 62,087 47,315
    13196.873 SHS DFA LARGE CAP INTERNATIONAL PORTFOLIO AT COST 283,629 263,805
    22816.940 SHS DOUBLELINE TOTAL RETURN BOND FUND AT COST 247,561 237,753
    4455.013 SHS EATON VANCE ATLANTA CAP SMID CAP AT COST 111,532 132,893
    13209.246 SHS EATON VANCE PARAMETRIC DIVIDEND AT COST 173,644 152,303
    1510.866 SHS JANUS HENDERSON SMALL CAP VALUE I AT COST 34,553 27,891
    2442.271 SHS LORD ABBETT SHORT DURATION INCOME AT COST 10,232 10,111
    11183.908 SHS MUZINICH CREDIT OPPTYS AT COST 117,530 117,319
    2205.148 SHS OPPENHEIMER DEVELOPING MARKETS F AT COST 73,919 82,869
    15760.385 SHS PIMCO INVESTMENT GRADE CREDIT AT COST 158,991 156,185
    933.076 SHS T. ROWE PRICE QM U.S. SMALL-CAP GROWTH EQUITY AT COST 19,370 29,121
    5120.366 SHS VAN ECK EMERGING MARKETS FUND AT COST 73,254 73,375
    9826.210 SHS WELLS FARGO ADVANTAGE ABSOLUTE RETURN FUND AT COST 108,420 102,487
    24477.153 SHS WESTERN ASSET CORE PLUS BOND FUND AT COST 285,848 274,389
    265 SHS BLACKSTONE GROUP LP AT COST 8,320 7,900

    TY 2018 OtherExpensesSchedule
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL EXPENSES 188 94   94
    BLACKSTONE GROUP K-1 14 14   0
    MISCELLANEOUS EXPENSE 1,233 1,233   0
    RENTAL LOSS 1 1   0


    TY 2018 OtherIncomeSchedule2
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LITIGATION PROCEEDS 53 53 53
    BLACKSTONE GROUP K-1 67 67 67


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES - SUNTRUST 7,558 7,558   0
    INVESTMENT MANAGEMENT FEES - SCOTT & STRINGFELLOW 25,228 25,228   0
    INVESTMENT MANAGEMENT FEES - BLACKSTONE GROUP K-1 10 10   0


    TY 2018 TaxesSchedule
    Name:
    FOSTER FOUNDATION INC
    EIN:
    20-0295545
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 418 209   209
    FOREIGN TAXES WITHHELD 1,054 1,054   0
    FEDERAL EXCISE TAXES 3,900 0   0