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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 11-01-2017 , and ending 10-31-2018
Name of foundation
PAUL L JONES FUND
% WEBSTER BANK NA
Number and street (or P.O. box number if mail is not delivered to street address)123 BANK STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WATERBURY, CT06702
A Employer identification number

06-6222118
B Telephone number (see instructions)

(860) 692-1751
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$7,131,127J 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 12,445 12,445  
4 Dividends and interest from securities... 146,818 146,818  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 355,519
b Gross sales price for all assets on line 6a 1,276,012
7 Capital gain net income (from Part IV, line 2)... 355,519
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).......      
12 Total. Add lines 1 through 11........ 514,782 514,782  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 53,634 53,634   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,465 0   2,465
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,223 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 65,322 53,634   2,465
25 Contributions, gifts, grants paid....... 350,000 350,000
26 Total expenses and disbursements. Add lines 24 and 25 415,322 53,634   352,465
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 99,460
b Net investment income (if negative, enter -0-) 461,148
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 67,393 78,191 78,191
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.......... 1,222    
10a Investments—U.S. and state government obligations (attach schedule) 2,643 Click to see attachment2,424 2,613
b Investments—corporate stock (attach schedule)....... 3,247,185 Click to see attachment3,031,749 5,196,704
c Investments—corporate bonds (attach schedule)....... 1,617,381 Click to see attachment1,930,921 1,853,619
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,935,824 5,043,285 7,131,127
Liabilities 17 Accounts payable and accrued expenses..........   8,001
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 8,001
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,222 -8,001
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 4,934,602 5,043,285
29 Total net assets or fund balances (see instructions)..... 4,935,824 5,035,284
30 Total liabilities and net assets/fund balances (see instructions). 4,935,824 5,043,285
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,935,824
2
Enter amount from Part I, line 27a .....................
2
99,460
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,035,284
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 29 .
6
5,035,284
Form 990-PF (2019)
Form 990-PF (2019)
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 ALPHABET INC CAP STK CL A, -28.00 SHARES   2010-07-01 2018-03-01
b AMAZON.COM INC, -20.00 SHARES   2012-10-15 2018-03-23
c APPLE INC, -169.00 SHARES   2008-01-16 2018-03-01
d APPLE INC, -31.00 SHARES   2008-01-16 2018-09-10
e BANK OF AMERICA CORP, -669.00 SHARES   2012-07-13 2018-05-09
BARCLAYS BANK PLC STEP CPN 5.75% 24 JUN 2018, -25,000.00 SHARES   2010-06-21 2018-06-25
CELGENE CORP, -475.00 SHARES   2017-10-19 2018-02-15
CERNER CORP, -1,000.00 SHARES   2014-06-20 2017-12-15
COGNIZANT TECHNOLOGY SOLUTIONS CORP, -1,000.00 SHARES   2015-06-24 2018-05-09
CUMMINS INC, -400.00 SHARES   2013-11-06 2018-05-09
CUMMINS INC, -200.00 SHARES   2014-01-28 2018-05-09
ECOLAB INC, -425.00 SHARES   2011-09-22 2018-09-10
ECOLAB INC, -250.00 SHARES   2012-03-01 2018-09-10
ISHARES CORE U.S. AGGREGATE BOND ETF, -945.00 SHARES   2016-06-09 2018-04-27
ISHARES CORE U.S. AGGREGATE BOND ETF, -851.00 SHARES   2016-06-09 2018-10-29
MONDELEZ INTERNATIONAL INC, -800.00 SHARES   2007-08-14 2018-05-04
MONDELEZ INTERNATIONAL INC, -100.00 SHARES   2007-09-25 2018-05-04
MONDELEZ INTERNATIONAL INC, -100.00 SHARES   2008-01-30 2018-05-04
MONDELEZ INTERNATIONAL INC, -300.00 SHARES   2008-08-19 2018-05-04
MONDELEZ INTERNATIONAL INC, -150.00 SHARES   2008-10-27 2018-05-04
MONDELEZ INTERNATIONAL INC, -850.00 SHARES   2013-05-17 2018-05-04
PFIZER INC, -600.00 SHARES   2008-12-29 2018-07-30
PFIZER INC, -1,000.00 SHARES   2009-01-28 2018-07-30
PFIZER INC, -200.00 SHARES   2009-03-13 2018-07-30
PROCTER & GAMBLE CO/THE, -875.00 SHARES   1979-01-10 2018-05-09
PROCTER & GAMBLE CO/THE, -100.00 SHARES   2007-09-10 2018-05-09
SCHLUMBERGER LTD, -450.00 SHARES   2011-04-26 2018-09-06
SCHLUMBERGER LTD, -250.00 SHARES   2011-06-03 2018-09-06
SCHLUMBERGER LTD, -150.00 SHARES   2011-11-22 2018-09-06
TRAVELERS COS INC/THE, -350.00 SHARES   2009-07-06 2018-05-09
TRAVELERS COS INC/THE, -500.00 SHARES   2012-05-03 2018-05-09
VERIZON COMMUNICATIONS INC, -315.00 SHARES   2014-02-24 2018-02-15
VULCAN MATERIALS CO, -419.00 SHARES   2017-08-02 2018-10-29
METROPOLITAN WEST TOTAL RETURN BOND FUND, -9,363.30 SHARES   2015-06-09 2017-12-06
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2017-11-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2017-12-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-01-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-02-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-03-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-04-16
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-05-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-06-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-07-16
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-08-15
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-09-17
GINNIE MAE I POOL GN 490800 6% 15 NOV 2028, 0.00 SHARES   1998-12-04 2018-10-15
BANK OF AMERICA CLASS ACTION   2017-12-15 2017-12-15
CAPITAL GAINS DIVIDENDS P    
(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 29,962   6,151 23,811
b 30,538   4,855 25,683
c 29,259   4,015 25,244
d 6,759   737 6,022
e 20,271   5,232 15,039
25,000   25,000 0
45,571   64,576 -19,005
69,253   51,990 17,263
75,603   63,433 12,170
58,601   53,042 5,559
29,300   25,671 3,629
65,336   21,033 44,303
38,433   15,002 23,431
100,117   105,339 -5,222
89,108   94,861 -5,753
31,336   16,860 14,476
3,917   2,226 1,691
3,917   1,927 1,990
11,751   6,315 5,436
5,876   2,611 3,265
33,295   26,401 6,894
23,119   10,326 12,793
38,531   15,600 22,931
7,706   2,806 4,900
62,924   2,262 60,662
7,191   6,584 607
27,328   40,251 -12,923
15,182   21,302 -6,120
9,109   10,330 -1,221
45,181   13,884 31,297
64,544   32,594 31,950
15,590   14,715 875
36,616   51,313 -14,697
100,000   101,030 -1,030
18   18 0
18   18 0
18   18 0
19   19 0
18   18 0
18   18 0
18   18 0
19   19 0
18   18 0
18   18 0
19   18 1
19   19 0
176     176
19,392     19,392
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       23,811
b       25,683
c       25,244
d       6,022
e       15,039
      0
      -19,005
      17,263
      12,170
      5,559
      3,629
      44,303
      23,431
      -5,222
      -5,753
      14,476
      1,691
      1,990
      5,436
      3,265
      6,894
      12,793
      22,931
      4,900
      60,662
      607
      -12,923
      -6,120
      -1,221
      31,297
      31,950
      875
      -14,697
      -1,030
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      1
      0
      176
      19,392
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 2 355,519
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))
2018 300,000 6,868,646 0.043677
2017 301,200 6,621,054 0.045491
2016 382,073 6,798,907 0.056196
2015 380,000 6,732,441 0.056443
2014 363,591 6,059,318 0.060005
2
Total of line 1, column (d) .....................
2
0.261812
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
0.052362
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
7,122,625
5
Multiply line 4 by line 3......................
5
372,955
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,611
7
Add lines 5 and 6........................
7
377,566
8
Enter qualifying distributions from Part XII, line 4,.............
8
352,465
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 (2019)
Form 990-PF (2019)
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 9,223
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 9,223
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 9,223
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 1,222
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 1,222
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 227
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 8,228
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
    8b
     
    No
    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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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 ofbulletWEBSTER BANK NA Telephone no.bullet (203) 578-2450

    Located atbulletPO BOX 191WATERBURYCT ZIP+4bullet067209982
    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 2019, 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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    WEBSTER BANK NA TRUSTEE
    2.00     		53,634 0 0
    123 BANK STREET
    WATERBURY,CT06702
    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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Form 990-PF (2019)
    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
    7,158,299
    b
    Average of monthly cash balances.......................
    1b
    72,792
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,231,091
    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
    7,231,091
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    108,466
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,122,625
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    356,131
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    356,131
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    9,223
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,223
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    346,908
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    346,908
    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
    346,908
    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
    352,465
    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
    352,465
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    352,465
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 346,908
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 52,218
    b From 2015...... 49,574
    c From 2016...... 46,592
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 148,384
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 352,465
    a Applied to 2018, 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 2019 distributable amount..... 346,908
    e Remaining amount distributed out of corpus 5,557
    5 Excess distributions carryover applied to 2019. 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 5 153,941
    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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		52,218
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		101,723
    10 Analysis of line 9:
    a Excess from 2015.... 49,574
    b Excess from 2016.... 46,592
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019.... 5,557
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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 (2019)
    Form 990-PF (2019)
    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
    CENTRAL CONNECTICUT STATE UNIVERSITY
    1615 STANLEY STREET
    NEW BRITAIN,CT06050     		NONE N/A SCHOLARSHIPS 20,000
    FAIRFIELD UNIVERSITY
    1073 NORTH BENSON RD
    FAIRFIELD,CT06824     		NONE N/A SCHOLARSHIPS 40,000
    MANCHESTER COMMUNITY COLLEGE
    161 HILLSTOWN RD
    MANCHESTER,CT06045     		NONE N/A SCHOLARSHIPS 35,000
    MIDDLESEX COMMUNITY COLLEGE
    100 TRAINING HILL RD
    MIDDLETOWN,CT06457     		NONE N/A SCHOLARSHIPS 10,000
    QUINNIPIAC UNIVERSITY
    275 MOUNT CARMEL AVE
    HAMDEN,CT06518     		NONE N/A SCHOLARSHIPS 40,000
    SACRED HEART UNIVERSITY
    5151 PARK AVENUE
    FAIRFIELD,CT06825     		NONE N/A SCHOLARSHIPS 25,000
    SOUTHERN CONN STATE UNIVERSITY
    501 CRESCENT STREET
    NEW HAVEN,CT06515     		NONE N/A SCHOLARSHIPS 20,000
    ST VINCENT COLLEGE
    2800 MAIN STREET
    BRIDGEPORT,CT06606     		NONE N/A SCHOLARSHIPS 20,000
    THREE RIVERS COMMUNITY COLLEGE
    574 NEW LONDON TURNPIKE
    NORWICH,CT06360     		NONE N/A SCHOLARSHIPS 20,000
    UNIVERSITY OF BRIDGEPORT
    126 PARK AVE
    BRIDGEPORT,CT06604     		NONE N/A SCHOLARSHIPS 20,000
    UNIVERSITY OF CONNECTICUT FOUNDATION
    2390 ALUMNI DR UNIT 3206
    STORRS,CT06269     		NONE N/A SCHOLARSHIPS 40,000
    UNIVERSITY OF ST JOSEPH
    1678 ASYLUM AVE
    HARTFORD,CT06117     		NONE N/A SCHOLARSHIPS 40,000
    WESTERN CONNECTICUT STATE UNIVERSITY
    181 WHITE STREET
    DANBURY,CT06810     		NONE N/A SCHOLARSHIPS 20,000
    Total .................................bullet 3a 350,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 12,445  
    4 Dividends and interest from securities....     14 146,818  
    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 ............     		    18 355,519  
    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).. 0 514,782 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    514,782
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    PAUL L JONES FUND
     
    % WEBSTER BANK NA
    EIN:
    06-6222118
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KIRCALDIE RANDALL & MCNAB LLC 2,465 0   2,465

    TY 2017 ExplnOfNonFilingWithAGStmt
    Name:
    PAUL L JONES FUND
     
    % WEBSTER BANK NA
    EIN:
    06-6222118
    Statement:
    NOT REQUIRED BECAUSE FOUNDATION DOES NOT SOLICIT FUNDS

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    PAUL L JONES FUND
     
    % WEBSTER BANK NA
    EIN:
    06-6222118
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AT&T 3% 2/15/2022 99,875 97,634
    CATERPILLAR FIN SERV 2.1% 6/9/2019 99,917 99,553
    EI DUPONT 2.8% 2/15/2023 99,167 96,856
    GM FIN'L 2.55% 12/20/2020 100,000 96,474
    GOLDMAN SACHS 2% 06/16/2021 50,000 48,861
    GOLDMAN SACHS 2.5% 3/29/2021 50,000 48,574
    MORGAN STANLEY 2.875% 2/28/2020 100,000 98,941
    TD BANK 3.125% 4/20/2023 99,750 98,044
    BANK OF AMERICA 3.25% 10/30/2023 100,000 99,490
    HARBOR BOND FUND, 16405 SHARES 195,974 182,094
    LORD ABBETT FLOATING RATE, 10643.107 SHARES 98,338 96,959
    METROPOLITAN WEST TOTAL RETURN BOND FD 18,440.226 SHARES 198,970 188,275
    MFS EMERGING MARKETS DEBT FD, 3272 SHARES 50,000 44,797
    SPDR DOUBLELINE TOTAL RETURN, 2,496 SHARES 123,827 117,212
    T ROWE PRICE HIGH YIELD FUND, 22569 SHARES 150,000 144,670
    VANGUARD INT TERM CORP, 9560 SHARES 100,000 88,815
    WESTERN ASSET CORE PLUS BOND FD, 10584 SHARES 125,000 116,427
    VANGUARD S-T BOND ETF, 1,154 SHARES 90,103 89,943

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    PAUL L JONES FUND
     
    % WEBSTER BANK NA
    EIN:
    06-6222118
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE, 1000 SHARES 64,370 77,850
    AETNA, 400 SHARES 72,092 79,360
    ALPHABET, 172 SHARES 94,952 187,580
    AMAZON, 100 SHARES 24,886 159,801
    APPLE, 1000 SHARES 20,364 218,860
    BANK OF AMERICA, 4231 SHARES 33,086 116,353
    BLACKROCK, 250 SHARES 36,642 102,855
    BOEING, 400 SHARES 74,760 141,944
    BRISTOL-MYERS SQUIBB, 1000 SHARES 56,812 50,540
    CAPITAL ONE FINANCIAL, 1250 SHARES 68,569 111,625
    CATERPILLAR, 500 SHARES 75,254 60,660
    CHARLES SCHWAB, 1000 SHARES 45,010 46,240
    CHEVRON, 850 SHARES 52,596 94,903
    CHUBB, 662 SHARES 73,535 82,690
    CISCO, 2250 SHARES 49,468 102,938
    CLOROX, 400 SHARES 52,375 59,380
    CVS, 1200 SHARES 51,238 86,868
    DANAHER, 1225 SHARES 26,041 121,765
    EMERSON ELECTRIC, 700 SHARES 54,188 47,516
    EXXON MOBIL, 750 SHARES 21,715 59,760
    FACEBOOK, 725 SHARES 76,697 110,048
    FASTENAL, 2500 SHARES 107,681 128,525
    FISERV, 1000 SHARES 45,005 158,600
    GENERAL DYNAMICS, 500 SHARES 74,931 86,290
    ISHARES NASDAQ BIOTECH INDEX FD, 675 SHARES 28,077 70,247
    JOHNSON & JOHNSON, 675 SHARES 15,094 94,493
    JP MORGAN CHASE, 1200 SHARES 21,644 130,824
    JPMORGAN SMALL CAP EQUITY, 1896.333 SHARES 105,000 109,039
    LABORATORY CORP OF AMERICA, 650 SHARES 46,814 104,358
    MICROSOFT, 1250 SHARES 39,764 133,513
    ORACLE, 2350 SHARES 40,694 97,680
    PAYCHEX, 1,300 SHARES 81,426 85,137
    PEPSICO, 950 SHARES 33,974 106,761
    PNC FINANCIAL, 600 SHARES 44,292 77,094
    SALESFORCE.COM, 675 SHARES 50,009 92,637
    THERMO FISHER SCIENTIFIC, 500 SHARES 26,102 116,825
    UNITED TECHNOLOGIES, 950 SHARES 22,205 118,000
    VISA, 650 SHARES 49,880 89,603
    WALMART, 500 SHARES 50,639 50,140
    BANK OF AMERICA 7.25% PFD, 40 SHARES 34,889 50,852
    ISHARES MSCI EAFE, 4,365 SHARES 251,265 272,638
    ISHARES MSCI EMERGING MKTS, 2,731 SHARES 100,346 106,946
    MATTHEWS PACIFIC TIGER FUND, 3568.879SHARES 100,000 96,966
    MFS INT'L FUND, 7,269.455 SHARES 203,000 308,298
    SPDR BARCLAYS CONVERTIBLE SECS, 2,903 SHARES 134,253 145,847
    T ROWE PRICE MID-CAP GROWTH FD, 1724 SHARES 100,000 156,690
    VANGUARD FTSE EUROPE 100,115 89,165

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    PAUL L JONES FUND
     
    % WEBSTER BANK NA
    EIN:
    06-6222118
    US Government Securities - End of Year Book Value:

    2,424
    US Government Securities - End of Year Fair Market Value:

    2,613
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2017 TaxesSchedule
    Name:
    PAUL L JONES FUND
     
    % WEBSTER BANK NA
    EIN:
    06-6222118
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX, FYE 10/31/18 9,223 0   0