TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
RESIDUAL TUW CATHERINE IOLA MICHAEL

Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET SUITE 400
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231

A Employer identification number

20-6988404

B Telephone number (see instructions)

(410) 537-5497

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$20,903,275J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	430,301		427,044
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,483,093
b	Gross sales price for all assets on line 6a 7,829,290
7	Capital gain net income (from Part IV, line 2)...			1,483,093
8	Net short-term capital gain.........				0
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).......		35,527	-8,269
12	Total. Add lines 1 through 11........	1,948,921		1,901,868
13	Compensation of officers, directors, trustees, etc.	33,391				33,391
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		134,316	129,101		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		31,900	5,046		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		1,224	1,220		2
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	200,831		135,367	0	33,393
25	Contributions, gifts, grants paid.......	1,114,773				1,114,773
26	Total expenses and disbursements. Add lines 24 and 25	1,315,604		135,367	0	1,148,166
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	633,317
b	Net investment income (if negative, enter -0-)			1,766,501
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	776,085	515,093	515,093
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,752,672	2,161,446	2,149,901
	b	Investments—corporate stock (attach schedule).......	11,672,112	11,810,833	14,337,032
	c	Investments—corporate bonds (attach schedule).......	3,307,186	3,851,791	3,756,211
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............	427,723	32,857	32,857
	13	Investments—other (attach schedule)..........	135,778	95,727	112,181
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	18,071,556	18,467,747	20,903,275
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	18,071,556	18,467,747
	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).....	18,071,556	18,467,747
	31	Total liabilities and net assets/fund balances (see instructions).	18,071,556	18,467,747

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

18,071,556

Enter amount from Part I, line 27a .....................

633,317

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

18,704,873

Decreases not included in line 2 (itemize) bullet

237,126

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

18,467,747

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	2000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-02-08	2018-01-03
b	50000. CANADIAN NAT RES LTD NOTE CALL MAKE WHOLE		2017-06-27	2018-01-03
c	14. DANAHER CORP		2017-05-24	2018-01-03
d	66. CANADIAN NATL RAILWAY CO		2016-10-10	2018-01-04
e	22. DANAHER CORP		2017-05-24	2018-01-04
	41. MASTERCARD INC		2016-10-10	2018-01-04
	55. VISA INC CLASS A SHARES		2016-10-10	2018-01-04
	. BANK OF NEW YORK MELLON CORP			2018-01-05
	. BANK OF NEW YORK MELLON CORP			2018-01-05
	4000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-02-08	2018-01-05
	29. DANAHER CORP		2017-05-24	2018-01-05
	10. DANAHER CORP		2016-05-05	2018-01-05
	. PROCEEDS OF LITIGATION FROM AIG			2018-01-05
	. PROCEEDS OF LITIGATION FROM AIG			2018-01-05
	1789.76 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-01-08
	8000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-02-08	2018-01-08
	74. PAYPAL HOLDINGS INC		2016-07-31	2018-01-09
	115. PAYPAL HOLDINGS INC		2016-08-12	2018-01-10
	4000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-02-08	2018-01-11
	26000. CAMPBELL SOUP CO NOTE CALL MAKE WHOLE		2016-02-08	2018-01-11
	33. WABTEC COM		2016-06-15	2018-01-16
	206. NXP SEMICONDUCTORS NV		2016-07-01	2018-01-18
	172. NXP SEMICONDUCTORS NV		2016-07-05	2018-01-19
	77. NXP SEMICONDUCTORS NV		2015-01-07	2018-01-22
	20. ECOLAB INC		2016-12-09	2018-01-23
	26. ECOLAB INC		2017-08-15	2018-01-23
	51. NXP SEMICONDUCTORS NV		2015-01-07	2018-01-23
	50. NXP SEMICONDUCTORS NV		2015-01-06	2018-01-23
	82. ECOLAB INC		2016-12-07	2018-01-24
	204. HANESBRANDS INC COM USD0.01		2017-02-24	2018-01-24
	124. ABBVIE INC		2015-03-10	2018-01-25
	70. ADOBE SYS INCORP		2016-05-18	2018-01-25
	41. ALIBABA GROUP HOLDING LTD A D R		2017-11-13	2018-01-25
	10. ALPHABET INC CL C		2018-01-18	2018-01-25
	2. ALPHABET INC CL A		2008-12-04	2018-01-25
	31. ALTRIA GROUP INC		2010-11-04	2018-01-25
	125. ALTRIA GROUP INC		2017-07-28	2018-01-25
	7. AMAZON.COM INC		2015-01-14	2018-01-25
	18. AMERICAN TOWER CORP		2017-10-31	2018-01-25
	59. AMERIPRISE FINL INC		2015-08-24	2018-01-25
	121. AMPHENOL CORP - CL A		2010-05-11	2018-01-25
	35. ANSYS INC		2010-10-11	2018-01-25
	78. APPLE COMPUTER INC.		2016-02-18	2018-01-25
	89. AUTOMATIC DATA PROCESSING INC.		2010-11-04	2018-01-25
	85. BWX TECHNOLOGIES INC		2018-01-24	2018-01-25
	177. BANK OF AMERICA CORPORATION		2017-08-03	2018-01-25
	80. BEST BUY COMPANY INC		2013-02-15	2018-01-25
	8.99982 CHARTER COMMUNICATIONS INC NEW		2017-07-31	2018-01-25
	10.00018 CHARTER COMMUNICATIONS INC NEW		2017-07-31	2018-01-25
	85. CINCINNATI FINANCIAL CORP		2010-10-27	2018-01-25
	9. CISCO SYSTEMS		2017-07-27	2018-01-25
	192. CISCO SYSTEMS		2016-02-18	2018-01-25
	173. COCA COLA CO.		2016-02-18	2018-01-25
	43. COSTCO WHOLESALE CORPORATION		2017-11-08	2018-01-25
	97. DANAHER CORP		2016-05-05	2018-01-25
	91. DEXCOM INC		2016-08-18	2018-01-25
	64. ECOLAB INC		2013-02-04	2018-01-25
	40. EDWARDS LIFESCIENCES CORP		2017-02-03	2018-01-25
	53. ELECTRONIC ARTS		2018-01-22	2018-01-25
	8. ELECTRONIC ARTS		2018-01-11	2018-01-25
	51. ERIE INDEMNITY CO		2010-11-04	2018-01-25
	59. FACEBOOK INC CLASS A		2015-03-06	2018-01-25
	11. FLEETCOR TECHNOLOGIES INC		2015-08-14	2018-01-25
	33. FLEETCOR TECHNOLOGIES INC		2017-03-09	2018-01-25
	130. FORTIVE CORP WI		2018-01-19	2018-01-25
	27. GENERAL DYNAMICS CORP		2016-06-09	2018-01-25
	31. HASBRO INC		2017-11-07	2018-01-25
	164. HEALTHCARE SVCS GROUP INC		2010-10-20	2018-01-25
	19. HOME DEPOT INC.		2017-07-20	2018-01-25
	48. INTUIT INC.		2017-05-23	2018-01-25
	32. INTUITIVE SURGICAL INC		2007-02-28	2018-01-25
	106. J P MORGAN CHASE & CO		2013-05-21	2018-01-25
	27. JOHNSON & JOHNSON		2017-07-25	2018-01-25
	20. JOHNSON & JOHNSON		2010-11-04	2018-01-25
	111. KINDER MORGAN INC		2011-02-11	2018-01-25
	82. ESTEE LAUDER COMPANIES CL A		2012-03-16	2018-01-25
	38. LOWES COS INC		2016-10-25	2018-01-25
	69. MCDONALDS CORP.		2016-02-18	2018-01-25
	79. MERCK CO INC		2017-08-08	2018-01-25
	195. MICROSOFT CORP.		2010-11-04	2018-01-25
	91. NOVARTIS AG ADR		2016-11-18	2018-01-25
	77. OCCIDENTAL PETROLEUM CORP.		2014-10-15	2018-01-25
	146. PAYPAL HOLDINGS INC		2016-08-16	2018-01-25
	98. PHILIP MORRIS INTL		2016-11-18	2018-01-25
	29. PRAXAIR INC.		2017-07-27	2018-01-25
	3. PRICELINECOM NAME CHANGE		2017-10-26	2018-01-25
	58. QUALCOMM CORP.		2013-07-15	2018-01-25
	41. ROPER INDUSTRIES INC NEW		2016-12-08	2018-01-25
	63. SBA COMMUNICATIONS CORP		2016-11-22	2018-01-25
	7. SALESFORCE COM INC		2009-04-14	2018-01-25
	91. SALESFORCE COM INC		2017-11-14	2018-01-25
	103. SMITH A O CORP		2018-01-23	2018-01-25
	108. STARBUCKS CORP.		2017-05-23	2018-01-25
	161. SUNCOR ENERGY INC		2017-02-28	2018-01-25
	88. TJX COS INC		2017-04-28	2018-01-25
	44. THERMO ELECTRON CORP		2018-01-05	2018-01-25
	169. UNILEVER N V - NY SHARES		2013-10-30	2018-01-25
	53. UNITED TECHNOLOGIES CORP.		2017-07-25	2018-01-25
	119. V F CORP.		2015-10-23	2018-01-25
	106. VISA INC CLASS A SHARES		2014-01-03	2018-01-25
	129. WP CAREY INC		2015-04-15	2018-01-25
	52. WABTEC COM		2016-06-14	2018-01-25
	158. WELLS FARGO & CO-NEW		2015-01-15	2018-01-25
	177. WEYERHAEUSER CO.		2017-07-31	2018-01-25
	171. ZOETIS INC		2018-01-19	2018-01-25
	55. ACCENTURE PLC CL A		2012-01-05	2018-01-25
	226. GENPACT LIMITED		2017-09-25	2018-01-25
	36. MEDTRONIC PLC		2017-10-31	2018-01-25
	125. NIELSEN HOLDINGS PLC		2016-02-18	2018-01-25
	42. WILLIS TOWERS WATSON PLC		2015-12-11	2018-01-25
	51. WABTEC COM		2015-12-22	2018-01-26
	224. STARBUCKS CORP.		2017-10-05	2018-01-29
	19. WABTEC COM		2015-12-22	2018-01-29
	17. STARBUCKS CORP.		2017-10-04	2018-01-30
	25. STARBUCKS CORP.		2012-10-31	2018-01-30
	108. STARBUCKS CORP.		2012-10-31	2018-01-30
	147. STARBUCKS CORP.		2012-10-31	2018-01-30
	175. STARBUCKS CORP.		2012-10-31	2018-01-31
	6. STARBUCKS CORP.		2012-10-24	2018-01-31
	75. STARBUCKS CORP.		2012-10-24	2018-01-31
	5. AMAZON.COM INC		2015-01-14	2018-02-01
	27. FACEBOOK INC CLASS A		2015-03-06	2018-02-01
	7. FLEETCOR TECHNOLOGIES INC		2015-08-10	2018-02-01
	7. FLEETCOR TECHNOLOGIES INC		2017-03-09	2018-02-01
	231. STARBUCKS CORP.		2012-10-24	2018-02-01
	12666.98 CONTL AIRLINES 1.38779% 2/02/19		2017-01-13	2018-02-02
	365. STARBUCKS CORP.		2012-10-24	2018-02-02
	53. WABTEC COM		2015-12-22	2018-02-06
	36. WABTEC COM		2015-12-17	2018-02-06
	559. ABBVIE INC		2015-03-10	2018-02-07
	221. HANESBRANDS INC COM USD0.01		2017-02-27	2018-02-07
	31. WABTEC COM		2015-12-11	2018-02-07
	1585.87 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-02-08
	34. ECOLAB INC		2012-12-04	2018-02-08
	112. HANESBRANDS INC COM USD0.01		2017-02-28	2018-02-08
	250. HANESBRANDS INC COM USD0.01		2017-03-01	2018-02-08
	44. WABTEC COM		2015-12-18	2018-02-08
	58. WABTEC COM		2016-01-05	2018-02-08
	40. ECOLAB INC		2012-12-04	2018-02-09
	28. ECOLAB INC		2012-12-04	2018-02-09
	273. HANESBRANDS INC COM USD0.01		2017-02-03	2018-02-09
	92. HANESBRANDS INC COM USD0.01		2017-03-01	2018-02-09
	51. WABTEC COM		2016-02-18	2018-02-09
	12. WABTEC COM		2016-01-07	2018-02-09
	15. ECOLAB INC		2012-12-04	2018-02-12
	40. WABTEC COM		2016-01-22	2018-02-12
	37. ECOLAB INC		2012-12-04	2018-02-13
	20. WABTEC COM		2016-01-22	2018-02-13
	242. WILLIS TOWERS WATSON PLC		2015-12-11	2018-02-13
	31. ECOLAB INC		2012-12-05	2018-02-14
	277. WABTEC COM		2016-02-09	2018-02-14
	19. WILLIS TOWERS WATSON PLC		2015-11-30	2018-02-14
	67. ECOLAB INC		2012-12-05	2018-02-15
	14. FLEETCOR TECHNOLOGIES INC		2015-08-10	2018-02-15
	10000. U S TREASURY NT 0.750% 4/15/18		2017-12-11	2018-02-15
	2892.562 BROWN ADVISORY MORTG SECURITIES CL INSTL		2015-03-30	2018-02-16
	78. CROWN CASTLE INTL CORP		2016-10-10	2018-02-16
	28. ECOLAB INC		2012-11-29	2018-02-16
	50000. U S TREASURY NT 1.625% 5/15/26		2016-09-26	2018-02-16
	38. ECOLAB INC		2012-11-29	2018-02-20
	25000. JB HUNT TRANSPRT 2.400% 3/15/19		2014-06-06	2018-02-20
	12. CROWN CASTLE INTL CORP		2016-10-10	2018-02-21
	21. ECOLAB INC		2012-12-03	2018-02-21
	32. CROWN CASTLE INTL CORP		2016-10-10	2018-02-22
	10000. U S TREASURY NT 1.875% 8/31/22		2016-09-06	2018-02-22
	39. ECOLAB INC		2012-12-03	2018-02-23
	15. ECOLAB INC		2012-12-03	2018-02-26
	20. ECOLAB INC		2012-12-03	2018-02-27
	8. ECOLAB INC		2012-12-03	2018-02-28
	40387.811 COHO REL VALUE EQUITY INV		2016-10-18	2018-02-28
	95. TJX COS INC		2016-10-10	2018-02-28
	18. ECOLAB INC		2012-12-03	2018-03-01
	51. ESTEE LAUDER COMPANIES CL A		2012-03-16	2018-03-01
	29. ECOLAB INC		2012-12-03	2018-03-02
	17. ECOLAB INC		2012-12-03	2018-03-05
	33. ECOLAB INC		2012-11-28	2018-03-05
	42. ECOLAB INC		2012-11-28	2018-03-06
	21. ECOLAB INC		2012-11-28	2018-03-07
	189. ECOLAB INC		2012-11-27	2018-03-07
	1855.36 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-03-08
	100. SMITH A O CORP		2018-01-26	2018-03-08
	25000. U S TREASURY NT 1.500% 8/15/26		2017-11-16	2018-03-08
	31. ADOBE SYS INCORP		2016-05-18	2018-03-09
	34. AMPHENOL CORP - CL A		2010-05-11	2018-03-09
	18. ADOBE SYS INCORP		2016-05-11	2018-03-12
	55. AMPHENOL CORP - CL A		2010-05-11	2018-03-12
	22. ADOBE SYS INCORP		2016-04-20	2018-03-13
	15. AMPHENOL CORP - CL A		2010-05-11	2018-03-13
	7. SMITH A O CORP		2017-05-08	2018-03-13
	12. SMITH A O CORP		2017-05-08	2018-03-14
	50000. U S TREASURY NT 1.875% 8/31/22		2016-09-06	2018-03-14
	9. AMPHENOL CORP - CL A		2010-05-11	2018-03-15
	11. SMITH A O CORP		2017-05-04	2018-03-15
	38. AMPHENOL CORP - CL A		2010-05-11	2018-03-16
	57. VISA INC CLASS A SHARES		2014-01-03	2018-03-19
	12. FLEETCOR TECHNOLOGIES INC		2015-08-11	2018-03-23
	26. ALPHABET INC CL A		2008-12-04	2018-03-26
	18000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2017-06-19	2018-03-26
	10000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2017-06-16	2018-03-26
	14. FLEETCOR TECHNOLOGIES INC		2015-08-12	2018-03-26
	30000. U S TREASURY NT 1.500% 8/15/26		2017-11-16	2018-03-26
	17000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2017-06-16	2018-03-27
	10. FLEETCOR TECHNOLOGIES INC		2015-08-12	2018-03-27
	400. QUALCOMM CORP.		2013-07-15	2018-03-27
	19. FLEETCOR TECHNOLOGIES INC		2015-08-12	2018-03-29
	2. FLEETCOR TECHNOLOGIES INC		2015-08-06	2018-04-02
	31. AETNA INC NEW		2016-10-10	2018-04-04
	26. AETNA INC NEW		2016-10-10	2018-04-05
	5. FLEETCOR TECHNOLOGIES INC		2015-08-06	2018-04-05
	1872.36 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-04-08
	34. ADOBE SYS INCORP		2016-05-13	2018-04-10
	9. FLEETCOR TECHNOLOGIES INC		2015-08-06	2018-04-10
	4. FLEETCOR TECHNOLOGIES INC		2015-08-06	2018-04-10
	41. ZOETIS INC		2017-11-13	2018-04-10
	5. FLEETCOR TECHNOLOGIES INC		2015-08-06	2018-04-11
	45. ZOETIS INC		2017-11-13	2018-04-11
	665. QUALCOMM CORP.		2017-01-31	2018-04-12
	135000. U S TREASURY NT 0.750% 4/15/18		2017-12-11	2018-04-12
	21. FLEETCOR TECHNOLOGIES INC		2015-08-06	2018-04-16
	275. QUALCOMM CORP.		2016-10-10	2018-04-16
	333. QUALCOMM CORP.		2010-05-25	2018-04-17
	2000. DOLLAR GEN CORP NEW NOTE CALL MAKE WHOLE		2018-01-31	2018-04-23
	18. AETNA INC NEW		2016-10-10	2018-04-24
	67. ESTEE LAUDER COMPANIES CL A		2012-03-16	2018-04-24
	39. AETNA INC NEW		2016-10-10	2018-04-25
	15. CHARTER COMMUNICATIONS INC NEW		2017-07-31	2018-04-25
	20. CHIPOTLE MEXICAN GRILL INC		2016-10-10	2018-04-26
	127.00002 CHARTER COMMUNICATIONS INC NEW		2017-10-05	2018-04-27
	1.99998 CHARTER COMMUNICATIONS INC NEW		2017-07-01	2018-04-27
	109. ESTEE LAUDER COMPANIES CL A		2013-02-01	2018-05-01
	32. ESTEE LAUDER COMPANIES CL A		2013-02-01	2018-05-02
	231. MICROSOFT CORP.		2010-11-04	2018-05-03
	271. V F CORP.		2015-10-23	2018-05-03
	15000. AUTOZONE INC 2.500% 4/15/21		2017-01-25	2018-05-04
	25000. MORGAN STANLEY MTN 2.625% 11/17/21		2018-02-14	2018-05-04
	4. DANAHER CORP		2008-09-17	2018-05-07
	10000. DIGITAL REALTY TRUST 3.950% 7/01/22		2017-08-09	2018-05-07
	114. FORTIVE CORP WI		2018-04-27	2018-05-07
	4. INTUITIVE SURGICAL INC		2018-02-08	2018-05-07
	10000. KROGER CO NOTE CALL MAKE WHOLE		2018-01-03	2018-05-07
	10000. MARTIN MARIETTA MATLS INC		2017-08-09	2018-05-07
	25000. VERIZON 3.41025% 3/16/22		2017-03-14	2018-05-07
	314. ABBVIE INC		2010-11-04	2018-05-08
	955. ALTRIA GROUP INC		2010-11-04	2018-05-08
	170.99972 AMERICAN TOWER CORP		2018-04-12	2018-05-08
	9.00028 AMERICAN TOWER CORP		2017-10-31	2018-05-08
	1717.23 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-05-08
	250. AMERIPRISE FINL INC		2015-09-11	2018-05-08
	328. APPLE COMPUTER INC.		2016-02-19	2018-05-08
	373. AUTOMATIC DATA PROCESSING INC.		2010-11-04	2018-05-08
	1097. BANK OF AMERICA CORPORATION		2017-08-03	2018-05-08
	334. BEST BUY COMPANY INC		2013-02-15	2018-05-08
	88. BROADCOM INC		2018-04-12	2018-05-08
	2714.595 BROWN ADVISORY FLEXIBLE EQUITY INV		2012-10-26	2018-05-08
	103. CINCINNATI FINANCIAL CORP		2018-05-03	2018-05-08
	287. CINCINNATI FINANCIAL CORP		2010-10-27	2018-05-08
	1227. CISCO SYSTEMS		2016-02-19	2018-05-08
	192. COCA COLA CO.		2018-02-28	2018-05-08
	603. COCA COLA CO.		2016-02-18	2018-05-08
	17. DANAHER CORP		2008-09-17	2018-05-08
	312.99472 DOWDUPONT INC		2018-03-27	2018-05-08
	12.00528 DOWDUPONT INC		2018-03-27	2018-05-08
	169. ERIE INDEMNITY CO		2010-11-04	2018-05-08
	70. ERIE INDEMNITY CO		2018-03-01	2018-05-08
	114. GENERAL DYNAMICS CORP		2016-06-10	2018-05-08
	96.99826 HASBRO INC		2017-11-07	2018-05-08
	193.00174 HASBRO INC		2017-11-07	2018-05-08
	687. HEALTHCARE SVCS GROUP INC		2010-10-27	2018-05-08
	44. HOME DEPOT INC.		2017-07-20	2018-05-08
	73. HOME DEPOT INC.		2016-10-25	2018-05-08
	441. J P MORGAN CHASE & CO		2013-04-12	2018-05-08
	286. JOHNSON & JOHNSON		2010-11-04	2018-05-08
	768. KINDER MORGAN INC		2011-02-11	2018-05-08
	168. LOWES COS INC		2016-10-25	2018-05-08
	294. MCDONALDS CORP.		2016-10-03	2018-05-08
	769. MERCK CO INC		2018-02-07	2018-05-08
	727. MICROSOFT CORP.		2010-10-27	2018-05-08
	265. NOVARTIS AG ADR		2018-02-07	2018-05-08
	244. NOVARTIS AG ADR		2016-11-18	2018-05-08
	381. OCCIDENTAL PETROLEUM CORP.		2014-12-12	2018-05-08
	447. PHILIP MORRIS INTL		2016-11-18	2018-05-08
	20. PRAXAIR INC.		2017-07-27	2018-05-08
	160. PRAXAIR INC.		2017-01-31	2018-05-08
	798. SUNCOR ENERGY INC		2017-02-28	2018-05-08
	706. UNILEVER N V - NY SHARES		2014-10-16	2018-05-08
	5. UNITED TECHNOLOGIES CORP.		2017-07-25	2018-05-08
	313. UNITED TECHNOLOGIES CORP.		2017-01-31	2018-05-08
	394. V F CORP.		2012-07-03	2018-05-08
	543. WP CAREY INC		2015-04-15	2018-05-08
	660. WELLS FARGO & CO-NEW		2015-01-15	2018-05-08
	1012. WEYERHAEUSER CO.		2013-11-25	2018-05-08
	78. WEYERHAEUSER CO.		2017-07-31	2018-05-08
	231. ACCENTURE PLC CL A		2012-01-05	2018-05-08
	274. MEDTRONIC PLC		2018-05-03	2018-05-08
	765. NIELSEN HOLDINGS PLC		2017-02-28	2018-05-08
	82. WILLIS TOWERS WATSON PLC		2015-11-30	2018-05-08
	35. DANAHER CORP		2008-09-17	2018-05-09
	37. CHARTER COMMUNICATIONS INC NEW		2017-09-21	2018-05-10
	4. INTUITIVE SURGICAL INC		2018-02-08	2018-05-10
	6000. MARTIN MARIETTA MATLS INC		2017-07-18	2018-05-10
	31. CHARTER COMMUNICATIONS INC NEW		2017-10-16	2018-05-11
	10000. MARTIN MARIETTA MATLS INC		2017-07-18	2018-05-11
	19000. MARTIN MARIETTA MATLS INC		2017-07-18	2018-05-11
	30. CHARTER COMMUNICATIONS INC NEW		2018-03-08	2018-05-14
	40. DANAHER CORP		2008-09-17	2018-05-14
	10000. XYLEM INC 3.250% 11/01/26		2017-12-18	2018-05-14
	20. CHARTER COMMUNICATIONS INC NEW		2018-03-07	2018-05-15
	8000. CELANESE US HLDS 4.625% 11/15/22		2018-03-13	2018-05-16
	27. CHARTER COMMUNICATIONS INC NEW		2018-03-27	2018-05-16
	69. AUTOMATIC DATA PROCESSING INC.		2010-10-27	2018-05-17
	64. PAYPAL HOLDINGS INC		2016-10-10	2018-05-17
	12000. CELANESE US HLDS 4.625% 11/15/22		2018-03-13	2018-05-18
	25000. CELANESE US HLDS 4.625% 11/15/22		2018-03-07	2018-05-18
	131. UNILEVER N V - NY SHARES		2012-04-12	2018-05-22
	39. WILLIS TOWERS WATSON PLC		2015-11-30	2018-05-22
	102. WILLIS TOWERS WATSON PLC		2015-11-24	2018-05-23
	2000. DOLLAR TREE INC 4.000% 5/15/25		2018-04-05	2018-05-31
	2000. DOLLAR TREE INC 4.000% 5/15/25		2018-04-05	2018-05-31
	1617.3 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-06-08
	445.96 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-06-08
	50000. EDUCATION REALTY 4.600% 12/01/24		2014-11-20	2018-06-11
	16. DEXCOM INC		2016-08-25	2018-06-14
	18. DEXCOM INC		2016-08-25	2018-06-14
	9. MASTERCARD INC		2016-10-10	2018-06-14
	35. DEXCOM INC		2016-08-17	2018-06-15
	27. VISA INC CLASS A SHARES		2016-10-10	2018-06-15
	25. MASTERCARD INC		2016-10-10	2018-06-18
	33. VISA INC CLASS A SHARES		2016-10-10	2018-06-18
	3. INTUITIVE SURGICAL INC		2018-02-08	2018-06-27
	4. INTUITIVE SURGICAL INC		2007-02-28	2018-06-27
	85. PAYPAL HOLDINGS INC		2018-02-01	2018-06-27
	6. ANSYS INC		2010-10-08	2018-06-28
	17. ANSYS INC		2010-10-08	2018-06-28
	12. INTUITIVE SURGICAL INC		2007-02-28	2018-06-28
	64. SALESFORCE COM INC		2009-04-14	2018-06-28
	66. ANSYS INC		2010-10-08	2018-06-29
	50000. FLORIDA ST HURRICANE 2.107% 7/01/18		2014-08-14	2018-07-01
	46. AETNA INC NEW		2016-10-10	2018-07-02
	16. ANSYS INC		2010-10-08	2018-07-02
	36. AETNA INC NEW		2016-10-10	2018-07-03
	2000. 21ST CENTY FOX AMER 3.000% 9/15/22		2014-09-26	2018-07-03
	23000. 21ST CENTY FOX AMER 3.000% 9/15/22		2014-09-26	2018-07-03
	16. ANSYS INC		2010-10-08	2018-07-05
	1651.97 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-07-08
	3948.57 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-07-08
	62. ANSYS INC		2010-10-08	2018-07-09
	80. CANADIAN NATL RAILWAY CO		2016-10-10	2018-07-09
	34. ANSYS INC		2010-10-08	2018-07-10
	26. ANSYS INC		2010-10-08	2018-07-11
	20. ANSYS INC		2010-10-08	2018-07-11
	66. ANSYS INC		2010-10-08	2018-07-12
	5. ANSYS INC		2010-10-08	2018-07-13
	11. ANSYS INC		2010-10-08	2018-07-13
	6946.16 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-07-15
	10. AMAZON.COM INC		2015-01-14	2018-07-16
	2. ANSYS INC		2010-10-08	2018-07-16
	31. ANSYS INC		2010-10-08	2018-07-17
	15. FLEETCOR TECHNOLOGIES INC		2015-08-07	2018-07-17
	16. ANSYS INC		2010-10-08	2018-07-18
	23. FLEETCOR TECHNOLOGIES INC		2015-08-07	2018-07-18
	8. ANSYS INC		2010-10-08	2018-07-19
	4. FLEETCOR TECHNOLOGIES INC		2015-07-31	2018-07-19
	7. ANSYS INC		2010-10-08	2018-07-20
	9. ANSYS INC		2010-10-08	2018-07-20
	20. FLEETCOR TECHNOLOGIES INC		2015-08-03	2018-07-20
	10. FLEETCOR TECHNOLOGIES INC		2015-08-03	2018-07-23
	50000. UNITED STATES TREAS NTS NOTE		2017-05-15	2018-07-23
	365000. UNITED STATES TREAS NTS NOTE		2018-06-13	2018-07-23
	13. CHIPOTLE MEXICAN GRILL INC		2016-10-03	2018-07-24
	18. ANSYS INC		2010-10-08	2018-07-25
	49157.441 BA- MACQUARIE ASIA NEW STARS FD CL INST		2017-05-10	2018-07-25
	22. ADOBE SYS INCORP		2016-04-18	2018-07-26
	4. INTUITIVE SURGICAL INC		2007-02-28	2018-07-26
	648. NIELSEN HOLDINGS PLC		2014-12-10	2018-07-27
	608. NIELSEN HOLDINGS PLC		2015-08-25	2018-07-27
	62. NIELSEN HOLDINGS PLC		2017-07-27	2018-07-27
	22. ADOBE SYS INCORP		2016-05-19	2018-07-30
	13. INTUITIVE SURGICAL INC		2007-02-28	2018-07-30
	55000. NEW YORK CITY NY 1.800% 8/01/18		2017-06-16	2018-08-01
	896.07 CONTL AIRLINES 1.38779% 2/02/19		2017-01-13	2018-08-02
	50000. AMERICAN MTN 1.96068% 3/03/22		2017-03-01	2018-08-06
	18. OCCIDENTAL PETROLEUM CORP.		2012-06-04	2018-08-06
	19. DEXCOM INC		2018-07-27	2018-08-07
	169. OCCIDENTAL PETROLEUM CORP.		2012-06-04	2018-08-07
	1540.81 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-08-08
	3722.22 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-08-08
	22. DEXCOM INC		2018-07-27	2018-08-09
	32000. MYLAN NV 3.950% 6/15/26		2017-08-08	2018-08-09
	18000. MYLAN NV 3.950% 6/15/26		2017-02-07	2018-08-09
	1. DEXCOM INC		2018-07-27	2018-08-10
	14325.72 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-08-10
	. BANK OF AMERICA LITIGATION PROCEEDS			2018-08-10
	. BANK OF AMERICA LITIGATION PROCEEDS			2018-08-10
	. BANK OF AMERICA LITIGATION PROCEEDS			2018-08-10
	. BANK OF AMERICA LITIGATION PROCEEDS			2018-08-10
	255. ALTABA INC		2015-07-29	2018-08-13
	9. DEXCOM INC		2018-07-30	2018-08-13
	14. DEXCOM INC		2018-07-30	2018-08-14
	17. ADOBE SYS INCORP		2016-04-25	2018-08-16
	10. FLEETCOR TECHNOLOGIES INC		2015-08-04	2018-08-16
	8. INTUIT INC.		2018-03-12	2018-08-16
	34. SALESFORCE COM INC		2009-04-14	2018-08-16
	17. SALESFORCE COM INC		2009-04-14	2018-08-16
	15. ADOBE SYS INCORP		2016-05-10	2018-08-17
	13. FLEETCOR TECHNOLOGIES INC		2015-08-05	2018-08-17
	6. INTUIT INC.		2018-03-12	2018-08-17
	18. CHIPOTLE MEXICAN GRILL INC		2016-10-03	2018-08-20
	12. FLEETCOR TECHNOLOGIES INC		2015-08-05	2018-08-20
	24. INTUIT INC.		2018-03-12	2018-08-20
	.25 ALIBABA GROUP HOLDING LTD A D R		2016-10-10	2018-08-22
	14. ADOBE SYS INCORP		2016-04-27	2018-08-27
	42. SALESFORCE COM INC		2009-04-14	2018-08-27
	55000. U S TREASURY NT 1.500% 8/15/26		2017-11-16	2018-08-30
	7. ALPHABET INC CL C		2018-05-10	2018-08-31
	17. CHIPOTLE MEXICAN GRILL INC		2016-10-26	2018-09-04
	20000. ANALOG DEVICES INC 3.125% 12/05/23		2017-01-20	2018-09-07
	30000. BOSTON PPTYS LTD PARTNERSHIP NOTE		2017-02-10	2018-09-07
	30000. GENERAL DYNAMICS 3.500% 5/15/25		2018-07-20	2018-09-07
	1616.21 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-09-08
	3773.02 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-09-08
	14. CHIPOTLE MEXICAN GRILL INC		2016-10-26	2018-09-11
	213. EBAY INC.		2016-10-20	2018-09-11
	6000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-13
	154. V F CORP.		2010-10-27	2018-09-13
	2000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-14
	3000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-14
	6000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-06	2018-09-14
	15828.03 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-09-15
	6000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-09	2018-09-17
	15. DEXCOM INC		2016-08-17	2018-09-18
	1. DEXCOM INC		2018-07-30	2018-09-18
	12000. NOBLE ENERGY INC 3.850% 1/15/28		2017-11-09	2018-09-18
	30.99986 ALIBABA GROUP HOLDING LTD A D R		2018-07-16	2018-09-19
	40.00014 ALIBABA GROUP HOLDING LTD A D R		2018-02-01	2018-09-19
	5. ALPHABET INC CL C		2018-05-01	2018-09-19
	2. DEXCOM INC		2016-08-17	2018-09-19
	19. AMPHENOL CORP - CL A		2018-05-16	2018-09-20
	81. GENPACT LIMITED		2018-03-21	2018-09-20
	51. AMPHENOL CORP - CL A		2018-05-17	2018-09-21
	20. DEXCOM INC		2016-08-17	2018-09-21
	42. FACEBOOK INC CLASS A		2018-07-26	2018-09-21
	9. FLEETCOR TECHNOLOGIES INC		2015-08-05	2018-09-21
	40. SALESFORCE COM INC		2009-04-14	2018-09-21
	55. GENPACT LIMITED		2018-03-21	2018-09-21
	41. GENPACT LIMITED		2018-03-22	2018-09-21
	10. AMPHENOL CORP - CL A		2018-05-15	2018-09-24
	8. AMPHENOL CORP - CL A		2010-05-11	2018-09-24
	8. CHIPOTLE MEXICAN GRILL INC		2017-07-25	2018-09-24
	11. FLEETCOR TECHNOLOGIES INC		2015-08-05	2018-09-24
	54. OCCIDENTAL PETROLEUM CORP.		2010-09-30	2018-09-24
	17. GENPACT LIMITED		2018-03-22	2018-09-24
	29. AMPHENOL CORP - CL A		2010-05-11	2018-09-25
	2. CHIPOTLE MEXICAN GRILL INC		2017-07-25	2018-09-25
	29. FACEBOOK INC CLASS A		2018-07-26	2018-09-25
	7. FLEETCOR TECHNOLOGIES INC		2015-08-05	2018-09-25
	33. OCCIDENTAL PETROLEUM CORP.		2010-09-30	2018-09-25
	12. GENPACT LIMITED		2018-03-23	2018-09-25
	46. EBAY INC.		2014-11-24	2018-09-27
	25. ALIBABA GROUP HOLDING LTD A D R		2018-07-16	2018-10-05
	23. ALIBABA GROUP HOLDING LTD A D R		2018-03-26	2018-10-08
	1032.71 AMERICREDIT 1.700% 7/08/20		2015-11-03	2018-10-08
	3215.95 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-10-08
	80. EBAY INC.		2014-11-24	2018-10-09
	20000. U S TREASURY NT 1.500% 8/15/26		2017-11-16	2018-10-09
	50. SMITH A O CORP		2018-07-17	2018-10-10
	89. SMITH A O CORP		2018-07-18	2018-10-10
	70. PAYPAL HOLDINGS INC		2016-10-10	2018-10-11
	199. SMITH A O CORP		2017-05-04	2018-10-11
	34. SMITH A O CORP		2018-07-18	2018-10-11
	179. SMITH A O CORP		2017-03-09	2018-10-11
	15. TJX COS INC		2016-10-10	2018-10-11
	187. V F CORP.		2010-10-27	2018-10-11
	106. SMITH A O CORP		2016-12-15	2018-10-12
	112. SMITH A O CORP		2017-01-26	2018-10-12
	17. TJX COS INC		2016-10-10	2018-10-12
	14413.79 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-10-15
	115. SMITH A O CORP		2016-12-20	2018-10-15
	5000. U S TREASURY NT 1.500% 8/15/26		2017-11-16	2018-10-15
	77. SMITH A O CORP		2016-12-21	2018-10-16
	8. SMITH A O CORP		2016-12-21	2018-10-16
	172. SMITH A O CORP		2017-01-27	2018-10-16
	13. SMITH A O CORP		2017-01-05	2018-10-17
	24. SMITH A O CORP		2017-01-20	2018-10-17
	15. SMITH A O CORP		2017-01-20	2018-10-17
	17. CROWN CASTLE INTL CORP		2016-10-10	2018-10-18
	20. SMITH A O CORP		2017-01-20	2018-10-18
	2. SMITH A O CORP		2016-12-28	2018-10-19
	89. SMITH A O CORP		2017-01-09	2018-10-22
	44. SMITH A O CORP		2017-01-09	2018-10-22
	55. CONAGRA INC.		2017-12-22	2018-10-23
	76. SMITH A O CORP		2017-02-02	2018-10-23
	26. CONAGRA INC.		2017-12-22	2018-10-24
	8. CROWN CASTLE INTL CORP		2016-10-10	2018-10-24
	7. CROWN CASTLE INTL CORP		2016-10-10	2018-10-25
	7. ADOBE SYS INCORP		2016-04-27	2018-10-26
	6. ROPER INDUSTRIES INC NEW		2018-10-16	2018-10-26
	6. ROPER INDUSTRIES INC NEW		2018-10-17	2018-10-26
	55000. U S TREASURY NT 1.500% 8/15/26		2017-11-16	2018-10-29
	15. PRAXAIR INC.		2012-01-26	2018-10-31
	48. PRAXAIR INC.		2011-08-09	2018-10-31
	67. PRAXAIR INC.		2011-06-28	2018-10-31
	179. PRAXAIR INC.		2011-06-21	2018-10-31
	69. WALT DISNEY CO.		2016-09-22	2018-11-01
	40000. REGL TRANSPRTN CO 1.423% 11/01/18		2013-03-20	2018-11-01
	17. TJX COS INC		2016-10-10	2018-11-01
	25000. XYLEM INC 3.250% 11/01/26		2018-01-30	2018-11-01
	23. TJX COS INC		2016-10-10	2018-11-02
	91. WELLS FARGO & CO-NEW		2017-05-17	2018-11-02
	93. WELLS FARGO & CO-NEW		2017-05-31	2018-11-05
	54. OCCIDENTAL PETROLEUM CORP.		2010-09-30	2018-11-06
	3453.88 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-11-08
	10000. U S TREASURY NT 1.500% 8/15/26		2017-02-23	2018-11-08
	10000. U S TREASURY NT 1.500% 8/15/26		2017-11-16	2018-11-08
	40000. U S TREASURY NT 1.500% 8/15/26		2017-02-23	2018-11-09
	45000. U S TREASURY NT 1.500% 8/15/26		2018-05-24	2018-11-09
	45000. MPLX LP 4.500% 7/15/23		2017-01-23	2018-11-13
	13000. ROYAL BANK MTN 2.98313% 2/01/22		2017-08-23	2018-11-13
	21. ADOBE SYS INCORP		2016-07-05	2018-11-15
	14973.43 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-11-15
	55. FACEBOOK INC CLASS A		2018-07-26	2018-11-15
	60000. U S TREASURY NT 1.500% 8/15/26		2018-05-24	2018-11-21
	4000. ROYAL BANK MTN 2.98313% 2/01/22		2017-08-23	2018-11-28
	30000. BP CAP MARKETS 3.796% 9/21/25		2018-09-19	2018-11-29
	26. ALIBABA GROUP HOLDING LTD A D R		2018-10-10	2018-12-03
	182. OCCIDENTAL PETROLEUM CORP.		2012-12-05	2018-12-03
	10000. AUTOZONE INC 2.500% 4/15/21		2017-01-25	2018-12-06
	2000. HASBRO INC 3.500% 9/15/27		2018-03-28	2018-12-06
	3223.18 AMERICREDIT 2.080% 9/08/20		2015-08-04	2018-12-08
	12. DEXCOM INC		2016-08-17	2018-12-12
	9. EDWARDS LIFESCIENCES CORP		2018-06-15	2018-12-12
	47. EDWARDS LIFESCIENCES CORP		2016-10-10	2018-12-12
	12. EDWARDS LIFESCIENCES CORP		2018-06-15	2018-12-13
	6. EDWARDS LIFESCIENCES CORP		2018-06-15	2018-12-14
	249. PEPSICO INC.		2016-10-10	2018-12-14
	14192.14 DRIVE AUTO RECV TR SER 2017-1 CL B		2017-11-02	2018-12-15
	5663.65 SANTANDER DRIVE 2.100% 6/15/21		2018-11-06	2018-12-15
	57164.876 BA-SOMERSET EMERGING MARKETS EQUITY FD CL INST		2017-05-10	2018-12-17
	4000. HASBRO INC 3.500% 9/15/27		2018-03-28	2018-12-17
	37. ALIBABA GROUP HOLDING LTD A D R		2018-03-26	2018-12-18
	11. COSTCO WHOLESALE CORPORATION		2017-11-07	2018-12-18
	17. COSTCO WHOLESALE CORPORATION		2018-05-10	2018-12-18
	60. ZOETIS INC		2017-05-30	2018-12-18
	91. EBAY INC.		2014-10-29	2018-12-19
	34. FACEBOOK INC CLASS A		2018-03-27	2018-12-19
	97. FACEBOOK INC CLASS A		2015-03-06	2018-12-19
	617. FACEBOOK INC CLASS A		2015-03-13	2018-12-19
	10. ZOETIS INC		2017-05-30	2018-12-19
	15. ADOBE SYS INCORP		2016-07-05	2018-12-20
	37. ALIBABA GROUP HOLDING LTD A D R		2018-02-24	2018-12-20
	958. ALTRIA GROUP INC		2010-10-27	2018-12-20
	117. MCDONALDS CORP.		2010-10-20	2018-12-20
	275. PHILIP MORRIS INTL		2015-04-08	2018-12-20
	83. BERKSHIRE HATHAWAY INC CL B		2016-10-10	2018-12-21
	30000. FIDELITY NATIONAL 5.000% 10/15/25		2016-05-12	2018-12-21
	30000. MPLX LP NOTE CALL MAKE WHOLE		2018-11-08	2018-12-21
	39. INTUIT INC.		2018-03-12	2018-12-26
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,975	1,977	-2
b	51,561	49,721	1,840
c	1,310	1,175	135
d	5,562	4,422	1,140
e	2,081	1,847	234
	6,392	4,225	2,167
	6,387	4,580	1,807
	350		350
	395		395
	3,938	3,955	-17
	2,745	2,435	310
	946	733	213
	861		861
	999		999
	1,790	1,789	1
	7,875	7,909	-34
	5,873	2,914	2,959
	9,078	4,470	4,608
	3,928	3,955	-27
	25,524	25,702	-178
	2,822	2,447	375
	24,717	16,006	8,711
	20,721	13,191	7,530
	9,326	5,806	3,520
	2,750	2,378	372
	3,575	3,417	158
	6,170	3,765	2,405
	6,052	3,680	2,372
	11,266	8,137	3,129
	4,722	4,497	225
	13,317	6,879	6,438
	13,822	6,753	7,069
	8,135	7,650	485
	11,677	10,373	1,304
	2,355	282	2,073
	2,174	808	1,366
	8,767	8,354	413
	9,604	2,041	7,563
	2,570	2,548	22
	10,206	6,455	3,751
	11,036	2,755	8,281
	5,595	1,456	4,139
	13,332	7,520	5,812
	10,723	3,554	7,169
	5,438	5,333	105
	5,673	4,341	1,332
	6,094	1,322	4,772
	3,382	3,514	-132
	3,758	3,905	-147
	6,550	2,565	3,985
	377	282	95
	8,045	5,077	2,968
	8,274	7,546	728
	8,501	7,197	1,304
	9,953	4,521	5,432
	5,348	8,250	-2,902
	8,845	4,638	4,207
	5,061	3,613	1,448
	6,052	6,218	-166
	914	896	18
	6,043	3,011	3,032
	11,071	4,745	6,326
	2,327	1,780	547
	6,982	5,351	1,631
	9,713	9,591	122
	6,120	3,831	2,289
	2,957	2,786	171
	8,912	2,660	6,252
	3,900	2,798	1,102
	8,059	6,163	1,896
	14,436	1,176	13,260
	12,248	5,437	6,811
	3,893	3,559	334
	2,884	1,298	1,586
	2,096	3,330	-1,234
	11,209	5,183	6,026
	4,045	2,634	1,411
	12,118	8,087	4,031
	4,827	5,035	-208
	18,004	5,314	12,690
	8,515	6,433	2,082
	5,923	6,238	-315
	12,322	5,613	6,709
	10,551	8,754	1,797
	4,723	3,862	861
	5,847	5,814	33
	3,917	3,420	497
	11,438	7,515	3,923
	10,739	6,508	4,231
	785	67	718
	10,205	9,625	580
	6,917	6,082	835
	6,545	6,601	-56
	5,962	5,045	917
	6,961	6,934	27
	9,572	8,662	910
	9,722	6,750	2,972
	7,285	6,395	890
	9,611	7,615	1,996
	13,277	5,883	7,394
	8,469	8,295	174
	4,276	3,827	449
	10,382	8,114	2,268
	6,678	5,802	876
	13,548	12,603	945
	8,848	2,895	5,953
	7,752	6,372	1,380
	3,120	2,902	218
	4,646	5,992	-1,346
	6,728	5,201	1,527
	4,196	3,735	461
	12,799	12,748	51
	1,589	1,389	200
	973	916	57
	1,430	571	859
	6,165	2,465	3,700
	8,404	3,355	5,049
	9,985	3,990	5,995
	342	136	206
	4,262	1,700	2,562
	7,200	1,458	5,742
	5,187	2,171	3,016
	1,483	1,124	359
	1,483	1,126	357
	12,980	5,237	7,743
	12,667	12,995	-328
	20,420	8,275	12,145
	3,837	3,835	2
	2,621	2,547	74
	64,314	21,999	42,315
	4,893	4,588	305
	2,271	2,183	88
	1,586	1,586
	4,396	2,448	1,948
	2,228	2,297	-69
	4,997	5,021	-24
	3,182	3,087	95
	4,194	4,014	180
	5,098	2,877	2,221
	3,585	2,014	1,571
	5,194	5,256	-62
	1,750	1,838	-88
	3,627	3,459	168
	857	774	83
	1,954	1,079	875
	2,886	2,580	306
	4,786	2,661	2,125
	1,438	1,275	163
	37,623	29,769	7,854
	4,017	2,227	1,790
	20,005	17,317	2,688
	2,954	2,318	636
	8,783	4,812	3,971
	2,739	2,249	490
	9,987	9,991	-4
	28,000	29,620	-1,620
	8,528	6,908	1,620
	3,693	2,007	1,686
	45,438	50,148	-4,710
	5,020	2,724	2,296
	24,948	25,033	-85
	1,308	1,063	245
	2,751	1,504	1,247
	3,476	2,834	642
	9,684	10,252	-568
	5,095	2,793	2,302
	1,979	1,074	905
	2,638	1,432	1,206
	1,053	573	480
	583,200	510,000	73,200
	7,930	7,088	842
	2,327	1,289	1,038
	7,040	3,194	3,846
	3,713	2,077	1,636
	2,207	1,202	1,005
	4,270	2,318	1,952
	5,491	2,950	2,541
	2,768	1,474	1,294
	24,969	13,215	11,754
	1,855	1,855
	6,401	6,598	-197
	22,478	23,368	-890
	6,842	2,988	3,854
	3,142	774	2,368
	3,989	1,733	2,256
	5,104	1,252	3,852
	4,891	2,117	2,774
	1,397	342	1,055
	465	385	80
	783	659	124
	48,502	51,243	-2,741
	827	205	622
	720	599	121
	3,495	865	2,630
	6,996	3,163	3,833
	2,399	1,923	476
	27,105	3,661	23,444
	18,340	19,060	-720
	10,208	10,587	-379
	2,821	2,238	583
	27,059	28,053	-994
	17,374	17,986	-612
	2,021	1,598	423
	22,548	23,586	-1,038
	3,820	3,035	785
	397	318	79
	5,287	3,557	1,730
	4,450	2,984	1,466
	1,007	795	212
	1,872	1,872
	7,614	3,270	4,344
	1,800	1,432	368
	801	636	165
	3,405	2,833	572
	1,004	795	209
	3,742	3,002	740
	36,624	36,887	-263
	134,984	134,996	-12
	4,257	3,340	917
	15,107	10,103	5,004
	18,460	11,200	7,260
	2,029	2,086	-57
	3,197	2,066	1,131
	9,865	4,179	5,686
	6,951	4,475	2,476
	4,480	5,857	-1,377
	8,399	8,702	-303
	32,885	48,420	-15,535
	518	806	-288
	15,856	6,781	9,075
	4,399	1,989	2,410
	21,412	6,179	15,233
	21,263	10,522	10,741
	14,652	14,872	-220
	24,327	24,509	-182
	400	116	284
	10,105	10,521	-416
	8,386	8,171	215
	1,860	1,550	310
	9,458	10,105	-647
	10,152	10,593	-441
	25,549	25,047	502
	31,104	8,436	22,668
	52,507	23,990	28,517
	23,339	24,040	-701
	1,228	1,274	-46
	1,717	1,717
	33,532	27,310	6,222
	60,769	27,862	32,907
	46,953	14,577	32,376
	32,839	26,906	5,933
	25,193	5,521	19,672
	20,983	20,937	46
	58,038	28,042	29,996
	7,206	7,083	123
	20,079	8,649	11,430
	56,043	32,363	23,680
	8,042	8,377	-335
	25,256	26,043	-787
	1,686	494	1,192
	20,250	20,316	-66
	777	779	-2
	19,373	9,809	9,564
	8,024	8,005	19
	22,460	16,167	6,293
	8,487	8,716	-229
	16,887	17,343	-456
	26,170	11,031	15,139
	8,135	6,481	1,654
	13,497	9,115	4,382
	48,878	21,520	27,358
	35,118	18,285	16,833
	12,437	22,951	-10,514
	14,094	11,643	2,451
	48,586	31,843	16,743
	43,772	44,565	-793
	69,607	18,924	50,683
	20,468	22,570	-2,102
	18,846	14,074	4,772
	29,482	28,831	651
	36,117	37,825	-1,708
	3,096	2,664	432
	24,766	18,644	6,122
	30,311	24,428	5,883
	39,294	24,613	14,681
	605	603	2
	37,872	26,776	11,096
	30,615	12,800	17,815
	35,555	34,336	1,219
	35,125	33,016	2,109
	36,866	26,188	10,678
	2,841	2,557	284
	35,110	12,158	22,952
	22,851	21,539	1,312
	23,012	34,665	-11,653
	12,526	10,003	2,523
	3,480	1,016	2,464
	10,143	13,754	-3,611
	1,868	1,550	318
	6,071	6,348	-277
	8,400	11,183	-2,783
	10,115	10,580	-465
	19,215	20,102	-887
	8,225	10,231	-2,006
	4,100	1,162	2,938
	9,454	9,985	-531
	5,400	6,481	-1,081
	8,174	8,350	-176
	7,366	8,577	-1,211
	8,837	2,684	6,153
	5,059	2,550	2,509
	12,279	12,523	-244
	25,587	26,063	-476
	7,418	4,272	3,146
	6,104	4,748	1,356
	15,962	12,348	3,614
	1,994	1,998	-4
	1,991	1,998	-7
	1,617	1,617
	446	446
	49,955	50,229	-274
	1,586	1,449	137
	1,801	1,628	173
	1,802	927	875
	3,455	3,162	293
	3,645	2,248	1,397
	5,017	2,576	2,441
	4,462	2,748	1,714
	1,436	1,162	274
	1,914	147	1,767
	6,884	6,676	208
	1,036	247	789
	2,940	700	2,240
	5,770	441	5,329
	8,648	612	8,036
	11,507	2,719	8,788
	50,000	50,000
	8,520	5,279	3,241
	2,815	659	2,156
	6,680	4,131	2,549
	1,959	1,972	-13
	22,533	22,680	-147
	2,803	659	2,144
	1,652	1,652
	3,949	3,948	1
	10,980	2,554	8,426
	6,716	5,360	1,356
	6,023	1,401	4,622
	4,587	1,071	3,516
	3,532	824	2,708
	11,862	2,719	9,143
	898	206	692
	1,977	453	1,524
	6,946	6,959	-13
	18,274	2,916	15,358
	358	82	276
	5,579	1,277	4,302
	3,250	2,385	865
	2,896	659	2,237
	4,990	3,644	1,346
	1,446	330	1,116
	872	620	252
	1,255	288	967
	1,620	371	1,249
	4,385	3,091	1,294
	2,191	1,544	647
	49,988	49,996	-8
	364,914	364,924	-10
	5,847	5,592	255
	3,185	741	2,444
	489,908	497,000	-7,092
	5,785	2,113	3,672
	2,110	147	1,963
	14,472	28,510	-14,038
	13,634	26,336	-12,702
	1,390	2,544	-1,154
	5,366	2,105	3,261
	6,569	478	6,091
	55,000	55,000
	896	908	-12
	50,326	50,129	197
	1,481	1,371	110
	2,370	1,819	551
	13,953	12,781	1,172
	1,541	1,541
	3,722	3,722
	2,748	2,099	649
	30,339	31,786	-1,447
	17,062	17,367	-305
	126	95	31
	14,326	14,351	-25
	2,423		2,423
	22,332		22,332
	173		173
	3,808		3,808
	18,121	10,887	7,234
	1,117	851	266
	1,767	1,321	446
	4,249	1,622	2,627
	2,141	1,542	599
	1,679	1,419	260
	4,957	325	4,632
	2,489	163	2,326
	3,685	1,427	2,258
	2,788	2,004	784
	1,249	1,064	185
	9,278	7,743	1,535
	2,582	1,849	733
	4,981	4,257	724
	44	31	13
	3,664	1,329	2,335
	6,356	402	5,954
	49,747	51,613	-1,866
	8,517	7,543	974
	8,112	7,225	887
	19,434	19,835	-401
	30,254	30,841	-587
	30,092	30,157	-65
	1,616	1,616
	3,773	3,773
	6,866	5,233	1,633
	7,246	5,549	1,697
	5,685	6,065	-380
	14,054	3,180	10,874
	1,892	2,022	-130
	2,837	3,032	-195
	5,664	6,065	-401
	15,828	15,854	-26
	5,658	6,059	-401
	2,101	1,355	746
	140	94	46
	11,310	12,088	-778
	5,028	5,904	-876
	6,488	7,922	-1,434
	5,856	5,149	707
	279	181	98
	1,824	1,677	147
	2,480	2,616	-136
	4,882	4,493	389
	2,788	1,806	982
	6,861	7,299	-438
	2,009	1,386	623
	6,232	382	5,850
	1,696	1,766	-70
	1,262	1,311	-49
	946	879	67
	757	182	575
	3,728	2,912	816
	2,441	1,695	746
	4,359	4,074	285
	522	540	-18
	2,725	660	2,065
	933	696	237
	4,785	5,040	-255
	1,576	1,078	498
	2,674	2,490	184
	367	379	-12
	1,531	985	546
	3,849	4,743	-894
	3,471	4,354	-883
	1,033	1,033
	3,216	3,216
	2,706	1,680	1,026
	17,663	18,785	-1,122
	2,455	2,982	-527
	4,355	5,292	-937
	5,365	2,533	2,832
	9,626	10,235	-609
	1,645	2,019	-374
	8,714	8,916	-202
	1,639	1,119	520
	16,098	3,862	12,236
	5,086	5,201	-115
	5,366	5,462	-96
	1,862	1,268	594
	14,414	14,436	-22
	5,499	5,598	-99
	4,440	4,697	-257
	3,725	3,747	-22
	384	389	-5
	8,343	8,299	44
	621	620	1
	1,142	1,144	-2
	718	715	3
	1,810	1,487	323
	931	953	-22
	91	95	-4
	4,052	4,233	-181
	2,004	2,084	-80
	1,998	2,094	-96
	3,433	3,585	-152
	962	990	-28
	865	700	165
	756	612	144
	1,724	665	1,059
	1,706	1,713	-7
	1,706	1,709	-3
	49,057	51,683	-2,626
	2,452	1,611	841
	7,846	4,374	3,472
	10,951	6,987	3,964
	29,258	18,563	10,695
	7,963	6,440	1,523
	40,000	40,000
	1,878	1,268	610
	23,289	24,809	-1,520
	2,553	1,716	837
	4,938	4,786	152
	5,025	4,607	418
	3,945	4,074	-129
	3,454	3,454
	8,848	9,385	-537
	8,848	9,399	-551
	35,483	37,544	-2,061
	39,918	40,489	-571
	45,564	46,277	-713
	13,112	13,079	33
	5,020	1,992	3,028
	14,973	14,995	-22
	7,887	9,366	-1,479
	53,716	54,007	-291
	4,024	4,024
	29,608	30,061	-453
	4,301	3,902	399
	12,982	13,301	-319
	9,732	9,932	-200
	1,839	1,886	-47
	3,223	3,223
	1,496	1,083	413
	1,476	1,371	105
	7,774	5,695	2,079
	1,968	1,828	140
	960	914	46
	28,418	26,373	2,045
	14,192	14,211	-19
	5,664	5,645	19
	506,481	548,295	-41,814
	3,662	3,773	-111
	5,216	6,863	-1,647
	2,235	657	1,578
	3,454	3,337	117
	5,111	3,742	1,369
	2,579	1,829	750
	4,573	5,363	-790
	13,046	7,781	5,265
	82,420	48,754	33,666
	857	623	234
	3,234	1,422	1,812
	4,974	6,812	-1,838
	47,838	23,908	23,930
	20,517	9,111	11,406
	19,098	18,762	336
	16,109	12,071	4,038
	31,027	32,744	-1,717
	29,822	29,849	-27
	7,285	6,891	394
			229,661

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			-2
b			1,840
c			135
d			1,140
e			234
			2,167
			1,807
			350
			395
			-17
			310
			213
			861
			999
			1
			-34
			2,959
			4,608
			-27
			-178
			375
			8,711
			7,530
			3,520
			372
			158
			2,405
			2,372
			3,129
			225
			6,438
			7,069
			485
			1,304
			2,073
			1,366
			413
			7,563
			22
			3,751
			8,281
			4,139
			5,812
			7,169
			105
			1,332
			4,772
			-132
			-147
			3,985
			95
			2,968
			728
			1,304
			5,432
			-2,902
			4,207
			1,448
			-166
			18
			3,032
			6,326
			547
			1,631
			122
			2,289
			171
			6,252
			1,102
			1,896
			13,260
			6,811
			334
			1,586
			-1,234
			6,026
			1,411
			4,031
			-208
			12,690
			2,082
			-315
			6,709
			1,797
			861
			33
			497
			3,923
			4,231
			718
			580
			835
			-56
			917
			27
			910
			2,972
			890
			1,996
			7,394
			174
			449
			2,268
			876
			945
			5,953
			1,380
			218
			-1,346
			1,527
			461
			51
			200
			57
			859
			3,700
			5,049
			5,995
			206
			2,562
			5,742
			3,016
			359
			357
			7,743
			-328
			12,145
			2
			74
			42,315
			305
			88

			1,948
			-69
			-24
			95
			180
			2,221
			1,571
			-62
			-88
			168
			83
			875
			306
			2,125
			163
			7,854
			1,790
			2,688
			636
			3,971
			490
			-4
			-1,620
			1,620
			1,686
			-4,710
			2,296
			-85
			245
			1,247
			642
			-568
			2,302
			905
			1,206
			480
			73,200
			842
			1,038
			3,846
			1,636
			1,005
			1,952
			2,541
			1,294
			11,754

			-197
			-890
			3,854
			2,368
			2,256
			3,852
			2,774
			1,055
			80
			124
			-2,741
			622
			121
			2,630
			3,833
			476
			23,444
			-720
			-379
			583
			-994
			-612
			423
			-1,038
			785
			79
			1,730
			1,466
			212

			4,344
			368
			165
			572
			209
			740
			-263
			-12
			917
			5,004
			7,260
			-57
			1,131
			5,686
			2,476
			-1,377
			-303
			-15,535
			-288
			9,075
			2,410
			15,233
			10,741
			-220
			-182
			284
			-416
			215
			310
			-647
			-441
			502
			22,668
			28,517
			-701
			-46

			6,222
			32,907
			32,376
			5,933
			19,672
			46
			29,996
			123
			11,430
			23,680
			-335
			-787
			1,192
			-66
			-2
			9,564
			19
			6,293
			-229
			-456
			15,139
			1,654
			4,382
			27,358
			16,833
			-10,514
			2,451
			16,743
			-793
			50,683
			-2,102
			4,772
			651
			-1,708
			432
			6,122
			5,883
			14,681
			2
			11,096
			17,815
			1,219
			2,109
			10,678
			284
			22,952
			1,312
			-11,653
			2,523
			2,464
			-3,611
			318
			-277
			-2,783
			-465
			-887
			-2,006
			2,938
			-531
			-1,081
			-176
			-1,211
			6,153
			2,509
			-244
			-476
			3,146
			1,356
			3,614
			-4
			-7


			-274
			137
			173
			875
			293
			1,397
			2,441
			1,714
			274
			1,767
			208
			789
			2,240
			5,329
			8,036
			8,788

			3,241
			2,156
			2,549
			-13
			-147
			2,144

			1
			8,426
			1,356
			4,622
			3,516
			2,708
			9,143
			692
			1,524
			-13
			15,358
			276
			4,302
			865
			2,237
			1,346
			1,116
			252
			967
			1,249
			1,294
			647
			-8
			-10
			255
			2,444
			-7,092
			3,672
			1,963
			-14,038
			-12,702
			-1,154
			3,261
			6,091

			-12
			197
			110
			551
			1,172


			649
			-1,447
			-305
			31
			-25
			2,423
			22,332
			173
			3,808
			7,234
			266
			446
			2,627
			599
			260
			4,632
			2,326
			2,258
			784
			185
			1,535
			733
			724
			13
			2,335
			5,954
			-1,866
			974
			887
			-401
			-587
			-65


			1,633
			1,697
			-380
			10,874
			-130
			-195
			-401
			-26
			-401
			746
			46
			-778
			-876
			-1,434
			707
			98
			147
			-136
			389
			982
			-438
			623
			5,850
			-70
			-49
			67
			575
			816
			746
			285
			-18
			2,065
			237
			-255
			498
			184
			-12
			546
			-894
			-883


			1,026
			-1,122
			-527
			-937
			2,832
			-609
			-374
			-202
			520
			12,236
			-115
			-96
			594
			-22
			-99
			-257
			-22
			-5
			44
			1
			-2
			3
			323
			-22
			-4
			-181
			-80
			-96
			-152
			-28
			165
			144
			1,059
			-7
			-3
			-2,626
			841
			3,472
			3,964
			10,695
			1,523

			610
			-1,520
			837
			152
			418
			-129

			-537
			-551
			-2,061
			-571
			-713
			33
			3,028
			-22
			-1,479
			-291

			-453
			399
			-319
			-200
			-47

			413
			105
			2,079
			140
			46
			2,045
			-19
			19
			-41,814
			-111
			-1,647
			1,578
			117
			1,369
			750
			-790
			5,265
			33,666
			234
			1,812
			-1,838
			23,930
			11,406
			336
			4,038
			-1,717
			-27
			394

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,483,093
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 ...................		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? Yes No

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	997,014	21,273,872	0.046866
2016	914,307	19,847,966	0.046066
2015	846,369	20,607,179	0.041072
2014	748,477	20,725,899	0.036113
2013	701,692	19,256,852	0.036439

Total of line 1, column (d) .....................

0.206556

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 ......

0.041311

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

22,493,898

Multiply line 4 by line 3......................

929,245

Enter 1% of net investment income (1% of Part I, line 27b)...........

17,665

Add lines 5 and 6........................

946,910

Enter qualifying distributions from Part XII, line 4,.............

1,148,166

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)

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 and enter “N/A" on line 1.
	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	17,665
	hereand 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	17,665
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	17,665
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	14,344
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	45,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	59,344
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	161
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	41,518
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax41,518	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

BROWN ADVISORY Telephone no. bullet

(410) 537-5497

Located at bullet

901 S BOND STREET SUITE 400BALTIMOREMD ZIP+4 bullet

21231

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
ALBERT J A YOUNG	TRUSTEE 40	33,391
200 SOUTH MAIN STREET BEL AIR,MD21014	TRUSTEE 40	33,391

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...................				0

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............. bullet

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......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

22,030,746

Average of monthly cash balances.......................

805,699

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

22,836,445

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

22,836,445

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

342,547

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

22,493,898

Minimum investment return. Enter 5% of line 5..................

1,124,695

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.)

Minimum investment return from Part X, line 6....................

1,124,695

Tax on investment income for 2018 from Part VI, line 5......

17,665

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

17,665

Distributable amount before adjustments. Subtract line 2c from line 1............

1,107,030

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,107,030

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,107,030

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,148,166

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,148,166

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.................

17,665

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,130,501

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					1,107,030
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				881,542
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 1,148,166
a Applied to 2017, but not more than line 2a				881,542
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.....					266,624
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 ..........					840,406
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....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ST JOAN OF ARC CATHOLIC CHURCH ATTN PASTOR 222 S LAW STREET ABERDEEN,MD210013397		EXEMPT-CHURCH	FINANCIAL SUPPORT	1,114,773
Total ................................. 3a				1,114,773

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	430,301
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.....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,483,093
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aEXCISE TAX REFUND			14	10,291
bOTHER INCOME			14	25,236
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,948,921

13Total. Add line 12, columns (b), (d), and (e)..................

1,948,921

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORP BONDS	1,280,662	1,252,638
FIXED INC MUTUAL FUNDS	2,465,886	2,399,356
FOREIGN BONDS	105,243	104,217

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON STOCK	6,066,287	7,997,558
MUTUAL FUNDS	5,010,603	5,484,835
FOREIGN STOCK	638,216	742,458
PRIVATE EQUITY	95,727	112,181

Description	Revenue And Expenses Per Books	Net Investment Income
OTHER REVENUE	10,291	0
ENCAP ENERGY CAPITAL FUND XI, LP	-298	1,450
BROWN ADVISORY INVSTRS 2008 JBG INVESTME	19,656	-15,597
GOLUB CAPITAL MEZZANINE PARTNERS	5,878	5,878

Category	Amount	Net Investment Income
OTHER EXPENSE	24	24
OTHER INVESTMENT FEES	350	344
INVESTMENT FEES - PRINCIPAL	111,728	109,807
INVESTMENT FEES - INCOME	14,903	14,647
FROM PARTNERSHIP/S CORP	7,311	4,279

Category	Amount	Net Investment Income
FOREIGN TAXES	1,591	1,591
STATE INCOME TAXES - PRINCIPAL	3,475	0
FEDERAL EXCISE TAX	16,379	0
QUARTERLY TAX DEPOSIT	7,000	0
FOREIGN TAXES ON QUALIFIED FOR	2,801	2,801
FOREIGN TAXES ON NONQUALIFIED	654	654