TY 2017 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.
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Go 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 06-01-2017 , and ending 05-31-2018

Name of foundation
TW PRICE GILBERT JR CHARITABLE FUND

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

58-2064640

B Telephone number (see instructions)

(800) 352-3705

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

$8,569,311J 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...	176,034		171,336
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		401,017
b	Gross sales price for all assets on line 6a 4,099,743
7	Capital gain net income (from Part IV, line 2)...			401,017
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).......		6,209	1,209
12	Total. Add lines 1 through 11........	583,260		573,562
13	Compensation of officers, directors, trustees, etc.	109,723		69,245		40,479
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).......		1,000	0	0	1,000
c	Other professional fees (attach schedule)....		9,688	9,688		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		14,392	4,183		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).......		896	896
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	135,699		84,012	0	41,479
25	Contributions, gifts, grants paid.......	396,430				396,430
26	Total expenses and disbursements. Add lines 24 and 25	532,129		84,012	0	437,909
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	51,131
b	Net investment income (if negative, enter -0-)			489,550
c	Adjusted net income (if negative, enter -0-)...				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	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.............	107	400	400
	2	Savings and temporary cash investments.........	236,800	462,134	462,134
	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)	161,145	157,501	152,907
	b	Investments—corporate stock (attach schedule).......	4,902,834	5,206,232	6,306,624
	c	Investments—corporate bonds (attach schedule).......	1,057,912	626,427	629,213
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	823,716	757,368	1,018,033
	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)	7,182,514	7,210,062	8,569,311
	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 FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	7,182,514	7,210,062
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	7,182,514	7,210,062
	30	Total liabilities and net assets/fund balances (see instructions).	7,182,514	7,210,062

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 29 (must agree with end-of-year figure reported on prior year’s return) ...............

7,182,514

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

51,131

Other increases not included in line 2 (itemize) bullet

8,891

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

7,242,536

Decreases not included in line 2 (itemize) bullet

32,474

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

7,210,062

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	29. AIA GROUP LTD-SP ADR		2012-03-30	2018-03-27
b	78. AIA GROUP LTD-SP ADR		2012-03-30	2018-05-30
c	1344.639 JOHCM INTERNATIONAL SEL-I #180		2013-12-06	2018-05-18
d	13. AFFILIATED MANAGERS GROUP, INC COM		2017-09-12	2018-04-10
e	59. AFFILIATED MANAGERS GROUP, INC COM		2016-04-27	2018-04-10
	.2 AIR LIQUIDE - ADR		2017-09-19	2017-11-01
	119. AIR LIQUIDE - ADR		2017-09-19	2018-05-30
	52. AIR PRODS & CHEMS INC COM		2017-06-23	2017-09-05
	21. ALEXANDRIA REAL ESTATE EQUITIES		2017-10-17	2017-10-25
	24. ALEXANDRIA REAL ESTATE EQUITIES		2016-07-06	2017-10-25
	43. ALEXANDRIA REAL ESTATE EQUITIES		2015-06-29	2018-02-28
	37. ALFA LAVAL AB-UNSPON ADR		2016-02-09	2018-05-30
	33. ALIGN TECHNOLOGY INC		2017-03-01	2017-09-12
	20. ALIGN TECHNOLOGY INC		2017-03-01	2018-01-29
	45. ALLIANZ SE ADR		2016-11-14	2018-05-30
	68. ALLIANZ SE ADR		2017-12-14	2018-05-30
	21. ALPHABET INC CL A		2014-11-24	2017-09-05
	216. AMERICAN ASSETS TRUST INC		2017-10-25	2018-02-28
	19. AMERICAN CAMPUS CMNTYS INC		2016-04-15	2017-06-15
	1. AMERICAN CAMPUS CMNTYS INC		2016-04-14	2017-10-17
	33. AMERICAN CAMPUS CMNTYS INC		2016-02-17	2017-10-17
	1. AMERICAN CAMPUS CMNTYS INC		2016-04-22	2018-02-28
	116. AMERICAN CAMPUS CMNTYS INC		2017-10-25	2018-02-28
	8000. AMERICAN EXPRESS CRE 2.250% 5/05/21		2016-07-06	2017-09-21
	46. AMERICAN TOWER CORP		2016-12-21	2018-02-28
	84. AMERICAN TOWER CORP		2017-10-25	2018-02-28
	198. APARTMENT INVT & MGMT CO CL A		2016-11-03	2018-02-28
	96. APARTMENT INVT & MGMT CO CL A		2017-10-25	2018-02-28
	154. APPLE INC		2015-01-14	2017-09-05
	68. APPLE INC		2015-01-14	2017-11-17
	43. ASPEN PHARMACARE HL-UNSP ADR		2018-02-26	2018-05-30
	51. ASSOC BRITISH FOODS-UNSP ADR		2014-07-29	2017-11-09
	60. ASSOC BRITISH FOODS-UNSP ADR		2017-04-24	2017-12-01
	43. ASSOC BRITISH FOODS-UNSP ADR		2014-07-29	2017-12-01
	27. ATLAS COPCO AB ADR		2011-02-08	2018-05-30
	109. AUTOHOME INC-ADR		2016-12-01	2018-03-12
	31. AUTOHOME INC-ADR		2016-06-29	2018-05-08
	9. AVALONBAY CMNTYS INC		2017-10-17	2017-10-25
	45. AVALONBAY CMNTYS INC		2016-01-13	2017-10-25
	31. AVALONBAY CMNTYS INC		2010-11-26	2018-02-28
	13. BAIDU INC ADR		2015-02-17	2017-08-21
	11. BAIDU INC ADR		2015-05-22	2018-05-30
	280. BANCO BILBAO VIZCAYA ARGENT- ADR		2013-02-21	2018-05-30
	112. BANCA MEDIOLANUM SPA-ADR		2016-05-31	2017-11-03
	131. BANCA MEDIOLANUM SPA-ADR		2016-05-31	2017-11-21
	104. BAYER AG - ADR		2014-08-10	2018-05-30
	30. BAYERISCHE MOTOREN ADR		2013-02-12	2018-05-30
	20. BIOGEN INC		2016-05-09	2017-09-05
	25. BLACKROCK INC		2014-11-24	2017-09-05
	12. BLACKROCK INC		2014-11-13	2018-05-31
	15. BOSTON PROPERTIES INC COM		2010-11-26	2017-07-28
	8. BOSTON PROPERTIES INC COM		2010-11-26	2017-08-10
	7. BOSTON PROPERTIES INC COM		2010-11-26	2017-10-17
	46. BOSTON PROPERTIES INC COM		2010-11-26	2018-02-28
	36. CBRE GROUP INC		2016-01-27	2017-10-17
	15. CSL LTE-SPONSORED ADR		2010-11-26	2018-05-30
	89. CVS HEALTH CORPORATION		2015-01-14	2017-09-05
	191. CVS HEALTH CORPORATION		2015-12-17	2017-12-14
	14. CANADIAN NATL RR CO COM		2016-09-22	2017-11-28
	26. CANADIAN NATL RR CO COM		2011-02-08	2018-05-30
	50. CARLSBERG AS-B-SPON ADR		2017-08-24	2018-05-18
	54. CARLSBERG AS-B-SPON ADR		2014-08-23	2018-05-18
	165. CARS.COM INC		2017-02-16	2017-08-18
	141. CHESAPEAKE LODGING TRUST		2017-10-25	2018-02-28
	210. CIRRUS LOGIC INC		2016-08-30	2018-02-13
	14. CIRRUS LOGIC INC		2017-07-17	2018-02-13
	199. CISCO SYSTEMS INC		2017-01-19	2017-09-05
	4000. CITIGROUP INC 3.375% 3/01/23		2015-10-01	2017-09-21
	102. COLGATE PALMOLIVE CO		2014-11-13	2017-09-05
	23613.724 COLUMBIA SEL LRG CAP GRW-I #2048		2015-08-25	2017-06-20
	4181.601 COLUMBIA SEL LRG CAP GRW-I #2048		2016-08-04	2017-06-20
	6000. COMCAST CORP 6.400% 3/01/40		2015-10-01	2017-11-02
	.1536 COMPASS GROUP PLC ADR		2015-06-12	2017-07-07
	33. CONTINENTAL AG-SPONS ADR		2015-01-21	2018-04-19
	258. CONVATEC GROUP PLC-UNSP ADR		2017-07-20	2018-01-10
	274. COPART INC COM		2017-05-09	2017-07-17
	129. CORESITE REALTY CORP		2017-10-25	2018-02-28
	189. CORPORATE OFFICE PROPERTIES COM		2017-10-25	2018-02-28
	9. COSTCO WHOLESALE CORP		2014-02-21	2017-09-05
	48. COSTCO WHOLESALE CORP		2017-08-29	2017-09-05
	28. CROWN CASTLE INTL CORP		2016-09-13	2017-10-17
	17. CROWN CASTLE INTL CORP		2017-07-28	2017-10-17
	117. CROWN CASTLE INTL CORP		2017-10-25	2018-02-28
	28. CROWN CASTLE INTL CORP		2016-01-13	2018-02-28
	154. CUBESMART		2012-06-21	2017-10-25
	52. CUMMINS INC.		2014-11-24	2017-09-05
	12. DBS GROUP HOLDINGS LIMITED - ADR		2011-07-20	2018-03-27
	17. DBS GROUP HOLDINGS LIMITED - ADR		2011-02-08	2018-05-30
	30. DCT INDUSTRIAL TRUST INC		2017-10-17	2017-10-25
	201. DDR CORP		2017-03-31	2017-10-25
	270. DST SYS INC COM		2017-11-30	2018-01-19
	22. DAITO TRUST CONS-SPN ADR		2018-01-09	2018-05-30
	50. DAIWA HOUSE IND LTD ADR		2014-07-29	2018-03-06
	96. DANAHER CORP		2014-11-13	2017-09-05
	34. DASSAULT SYSTEMES S.A. - ADR		2010-11-26	2017-06-22
	41. DASSAULT SYSTEMES S.A. - ADR		2010-11-26	2018-05-15
	18. DASSAULT SYSTEMES S.A. - ADR		2010-11-26	2018-05-30
	26. DEUTSCHE POST AG ADR		2017-11-21	2018-01-29
	51. DIGITAL RLTY TR INC		2017-10-25	2018-02-28
	99. WALT DISNEY CO		2014-11-24	2017-09-05
	114. DISCOVER FINANCIAL SERVICES		2016-06-03	2017-09-05
	150. DORMAN PRODUCTS INC		2017-03-02	2017-07-12
	100. DRIL-QUIP INC COM		2017-01-20	2018-01-29
	289. DUKE REALTY CORPORATION		2016-10-05	2017-10-25
	71. EOG RESOURCES, INC		2014-11-13	2017-09-05
	81. EPR PROPERTIES		2017-03-22	2017-11-28
	54. EPR PROPERTIES		2017-10-25	2018-02-28
	62. EPR PROPERTIES		2012-11-14	2018-02-28
	2762.431 EATON VANCE FLOATING RATE FD-I #924		2013-02-19	2018-05-23
	5458.515 EATON VANCE GLOBAL MACRO - I #0088		2017-09-01	2017-10-20
	161. EDGEWELL PERSONAL CARE CO		2017-08-18	2017-12-21
	30. EDUCATION REALTY TRUST INC		2016-04-14	2017-06-22
	34. EDUCATION REALTY TRUST INC		2014-10-01	2017-07-17
	19. EDUCATION REALTY TRUST INC		2014-10-01	2017-08-10
	3. EQUINIX INC		2017-05-30	2017-10-25
	6. EQUINIX INC		2015-11-02	2017-10-25
	38. EQUINIX INC		2015-11-25	2018-02-28
	48. EQUITY LIFESTYLE PPTYS INC		2017-09-21	2017-10-25
	54. EQUITY RESIDENTIAL PPTYS TR SH BEN		2010-11-26	2017-10-25
	1. ESSEX PPTY TR COM		2017-05-30	2017-10-25
	62. ESSEX PPTY TR COM		2013-07-24	2017-10-25
	226. EXLSERVICE HOLDINGS INC		2017-05-26	2017-10-24
	80. EXTENDED STAY AMERICA INC		2017-10-17	2017-10-25
	10. EXTRA SPACE STORAGE INC		2016-03-22	2017-07-28
	87. EXTRA SPACE STORAGE INC		2016-12-21	2018-02-28
	72. EXTRA SPACE STORAGE INC		2017-10-25	2018-02-28
	51. FANUC CORPORATION ADR		2016-03-07	2018-01-17
	144. FANUC CORPORATION ADR		2016-03-07	2018-01-24
	40. FANUC CORPORATION ADR		2010-12-10	2018-03-27
	75. FANUC CORPORATION ADR		2010-12-10	2018-05-30
	203.04 FHLMC POOL #G08669 4.000% 9/01/45		2016-04-11	2017-06-15
	42.74 FHLMC POOL #G08669 4.000% 9/01/45		2017-03-07	2017-06-15
	50.65 FHLMC POOL #G08669 4.000% 9/01/45		2017-03-07	2017-07-15
	240.61 FHLMC POOL #G08669 4.000% 9/01/45		2016-04-11	2017-07-15
	208.31 FHLMC POOL #G08669 4.000% 9/01/45		2016-04-11	2017-08-15
	43.85 FHLMC POOL #G08669 4.000% 9/01/45		2017-03-07	2017-08-15
	309.72 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2017-09-15
	326.92 FHLMC POOL #G08669 4.000% 9/01/45		2016-04-11	2017-09-15
	258.59 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2017-10-15
	272.96 FHLMC POOL #G08669 4.000% 9/01/45		2016-04-11	2017-10-15
	256.7 FHLMC POOL #G08669 4.000% 9/01/45		2016-04-11	2017-11-15
	243.19 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2017-11-15
	1827.02 FHLMC POOL #G08669 4.000% 9/01/45		2016-04-11	2017-12-11
	566.07 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2017-12-11
	204.99 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2017-12-15
	192.14 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2017-12-15
	136.53 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-01-15
	145.66 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2018-01-15
	145.81 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2018-02-15
	174.98 FHLMC POOL #G08669 4.000% 9/01/45		2015-11-09	2018-02-15
	75.14 FHLMC POOL #G08669 4.000% 9/01/45		2017-08-23	2018-03-15
	150.28 FHLMC POOL #G08669 4.000% 9/01/45		2017-03-07	2018-03-15
	112.11 FHLMC POOL #G08669 4.000% 9/01/45		2018-03-08	2018-04-15
	189.71 FHLMC POOL #G08669 4.000% 9/01/45		2017-03-07	2018-04-15
	89.96 FHLMC POOL #G08669 4.000% 9/01/45		2018-03-08	2018-05-15
	152.24 FHLMC POOL #G08669 4.000% 9/01/45		2017-03-07	2018-05-15
	79.07 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2017-06-15
	100.83 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2017-07-15
	85.7 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2017-08-15
	230.16 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2017-09-15
	222.66 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2017-10-15
	220.09 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2017-11-15
	99.59 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2017-12-15
	119.51 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2017-12-15
	89.84 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2018-01-15
	107.81 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2018-01-15
	107.95 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2018-02-15
	89.96 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2018-02-15
	83.88 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2018-03-15
	100.65 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2018-03-15
	121.79 FHLMC POOL #G08737 3.000% 12/01/46		2017-08-23	2018-04-15
	101.49 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2018-04-15
	102.88 FHLMC POOL #G08737 3.000% 12/01/46		2016-12-08	2018-05-15
	137.18 FHLMC POOL #G08737 3.000% 12/01/46		2018-04-09	2018-05-15
	204.99 FHLMC POOL #G60440 3.500% 3/01/46		2016-05-09	2017-06-15
	17.83 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2017-06-15
	19.32 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2017-07-15
	222.1 FHLMC POOL #G60440 3.500% 3/01/46		2016-05-09	2017-07-15
	216.19 FHLMC POOL #G60440 3.500% 3/01/46		2016-05-09	2017-08-15
	18.8 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2017-08-15
	19.61 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2017-09-15
	225.52 FHLMC POOL #G60440 3.500% 3/01/46		2016-05-09	2017-09-15
	16.37 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2017-10-15
	188.27 FHLMC POOL #G60440 3.500% 3/01/46		2016-05-09	2017-10-15
	218.7 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2017-11-15
	223.71 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2017-12-15
	209.28 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2018-01-15
	195.62 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2018-02-15
	164.07 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2018-03-15
	26.25 FHLMC POOL #G60440 3.500% 3/01/46		2018-02-08	2018-03-15
	34.06 FHLMC POOL #G60440 3.500% 3/01/46		2018-02-08	2018-04-15
	212.87 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2018-04-15
	203.42 FHLMC POOL #G60440 3.500% 3/01/46		2016-11-08	2018-05-15
	32.55 FHLMC POOL #G60440 3.500% 3/01/46		2018-02-08	2018-05-15
	4000. FED NATL MTG ASSN 6.625% 11/15/30		2015-09-24	2017-08-23
	17000. FED NATL MTG ASSN 2.625% 9/06/24		2015-09-24	2017-08-23
	9000. FED HOME LN MTG CORP 3.750% 3/27/19		2015-09-24	2017-08-23
	239.44 FNMA POOL #BM1285 4.500% 5/01/47		2017-05-18	2017-06-25
	358.89 FNMA POOL #BM1285 4.500% 5/01/47		2017-05-18	2017-07-25
	299.73 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2017-08-25
	308.1 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2017-09-25
	273.56 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2017-10-25
	331.58 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2017-11-25
	350.52 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2017-12-25
	371.4 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2018-01-25
	285.76 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2018-02-25
	215.21 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2018-03-25
	217.85 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2018-04-25
	27.99 FNMA POOL #BM1285 4.500% 5/01/47		2017-06-25	2018-05-25
	181.99 FNMA POOL #BM1285 4.500% 5/01/47		2017-05-18	2018-05-25
	102.95 FNMA POOL #BM2000 3.500% 5/01/47		2017-08-23	2017-09-25
	122.89 FNMA POOL #BM2000 3.500% 5/01/47		2017-08-23	2017-10-25
	133.93 FNMA POOL #BM2000 3.500% 5/01/47		2017-08-23	2017-11-25
	116.89 FNMA POOL #BM2000 3.500% 5/01/47		2017-08-23	2017-12-25
	173.17 FNMA POOL #BM2000 3.500% 5/01/47		2017-12-11	2018-01-25
	159.64 FNMA POOL #BM2000 3.500% 5/01/47		2017-12-11	2018-02-25
	151.42 FNMA POOL #BM2000 3.500% 5/01/47		2017-12-11	2018-03-25
	174.75 FNMA POOL #BM2000 3.500% 5/01/47		2017-12-11	2018-04-25
	169.06 FNMA POOL #BM2000 3.500% 5/01/47		2017-12-11	2018-05-25
	44.92 FNMA POOL #MA3210 3.500% 11/01/47		2018-04-20	2018-05-25
	306. FERGUSON PLC-ADR		2014-09-04	2017-12-22
	13649.425 FID ADV EMER MKTS INC- CL I #607		2017-03-07	2017-11-09
	5733.202 FID ADV EMER MKTS INC- CL I #607		2016-06-20	2017-11-09
	3039.514 FID ADV EMER MKTS INC- CL I #607		2016-04-21	2018-05-23
	81. FIRST INDL RLTY TR INC COM		2012-06-05	2018-02-28
	135. FIRST INDL RLTY TR INC COM		2017-10-25	2018-02-28
	116. FORTIVE CORP		2016-08-31	2017-09-05
	70. FOX FACTORY HOLDING CORP		2017-01-06	2017-12-20
	4. FOX FACTORY HOLDING CORP		2017-01-06	2018-04-09
	192. FOX FACTORY HOLDING CORP		2017-01-09	2018-05-03
	146. FOX FACTORY HOLDING CORP		2017-03-08	2018-05-04
	37. FRESENIUS MEDICAL CARE ADR		2016-07-19	2018-05-30
	74. FUCHS PETROLUB SE-PREF ADR		2014-03-12	2018-05-30
	37. GGP INC		2011-08-09	2017-06-15
	26. GGP INC		2011-08-09	2017-09-05
	101. GGP INC		2011-08-09	2018-02-28
	357. GGP INC		2017-10-25	2018-02-28
	143. GENERAL MILLS INC		2014-11-24	2017-09-05
	312. GENERAL MILLS INC		2014-11-13	2017-11-17
	82. GILEAD SCIENCES INC		2014-11-20	2017-09-05
	95. GLOBUS MEDICAL INC - A		2017-02-07	2018-02-13
	961. GRAPHIC PACKAGING HLDGCO		2017-02-17	2017-07-17
	139. GRUPO TELEVISA, S.A. - ADR		2016-05-20	2017-11-13
	34. GRUPO FIN BANORTE-SPON ADR		2017-01-24	2018-05-30
	242. HCP INC		2017-10-25	2018-02-28
	9. HDFC BANK LTD. - ADR		2017-06-22	2018-05-30
	22. HSBC - ADR		2016-12-09	2018-05-30
	113. HEALTHCARE TRUST OF AME-CL A		2017-07-17	2017-10-25
	31.8 HILTON GRAND VACATIONS INC		2017-07-17	2017-10-25
	15.2 HILTON GRAND VACATIONS INC		2016-05-11	2017-10-25
	45.3334 HILTON WORLDWIDE HOLDINGS IN		2017-03-06	2017-10-25
	50.6666 HILTON WORLDWIDE HOLDINGS IN		2016-05-11	2017-10-25
	90. HOME DEPOT INC		2014-11-24	2017-09-05
	222. HOST HOTELS & RESORTS, INC.		2017-10-25	2018-02-28
	105. HOST HOTELS & RESORTS, INC.		2016-12-21	2018-02-28
	145. HUDSON PACIFIC PROPERTIES INC		2017-09-06	2017-10-25
	171. ILG INC		2016-06-09	2017-07-07
	21. IPG PHOTONICS CORP		2017-01-25	2017-06-15
	.5 ICICI BANK LTD. - ADR		2016-12-08	2017-07-05
	106. ICICI BANK LTD. - ADR		2016-12-08	2018-05-30
	71. ILLINOIS TOOL WORKS INC		2015-11-11	2017-09-05
	47. INFINEON TECHNOLOGIES AG - ADR		2017-11-14	2018-05-30
	22. INGREDION INC		2014-11-24	2017-07-25
	111. INGREDION INC		2014-11-24	2017-08-18
	104. INNOSPEC INC		2017-05-26	2018-03-06
	106. INNOSPEC INC		2017-05-26	2018-03-20
	342. INTEL CORP		2014-11-20	2017-08-29
	127. INTEL CORP		2014-11-20	2017-09-05
	230. INVITATION HOMES INC		2017-09-21	2017-10-25
	.166 INVITATION HOMES INC		2017-09-05	2017-11-28
	199.97 INVITATION HOMES INC		2017-10-25	2018-02-28
	234.03 INVITATION HOMES INC		2017-02-17	2018-02-28
	102. ITAU UNIBANCO H-SPON PRF ADR		2014-06-12	2018-05-30
	.5 JBG SMITH PROPERTIES		2012-12-21	2017-07-27
	18. JBG SMITH PROPERTIES		2012-12-28	2017-09-05
	22. JGC CORP-UNSPONSORED ADR		2013-05-08	2018-05-30
	178. JPMORGAN CHASE & CO		2014-11-13	2017-09-05
	62. JPMORGAN CHASE & CO		2014-11-13	2018-05-31
	66. JOHNSON & JOHNSON		2014-11-24	2017-09-05
	166. JOHNSON & JOHNSON		2014-11-24	2018-02-13
	86. KBC GROEP NV-UNSP ADR		2015-03-17	2017-10-05
	81. KLX INC		2017-07-07	2018-05-14
	151. KLX INC		2017-05-09	2018-05-14
	33. KILROY REALTY CORP COM		2016-11-25	2017-10-25
	55. KILROY REALTY CORP COM		2016-11-25	2018-02-28
	20. KILROY REALTY CORP COM		2017-08-10	2018-02-28
	67. KIMBERLY CLARK CORP COM		2014-11-24	2017-09-05
	246. KIMCO RLTY CORP		2017-10-25	2018-02-28
	24. KITE REALTY GROUP TRUST		2017-01-30	2017-09-06
	60. KITE REALTY GROUP TRUST		2017-01-30	2017-10-25
	11. KUBOTA LIMITED - ADR		2016-05-20	2018-05-30
	53. L'OREAL - ADR		2011-02-08	2017-08-24
	38. L'OREAL - ADR		2010-12-10	2018-05-30
	21. LVMH MOET HENNESSY UNSP ADR - ADR		2010-11-26	2018-05-30
	330. LINDE AG ADR		2016-03-29	2017-09-19
	126. LITHIA MOTORS INC CL A COM		2016-11-25	2018-02-27
	49. LONZA GROUP AG ADR		2018-05-15	2018-05-30
	128. LULULEMON ATHLETICA INC		2017-03-03	2017-09-26
	43. MAKITA CORPORATION - ADR		2016-08-29	2018-04-20
	244. MAXIMUS INC		2017-07-25	2017-11-30
	5000. MCDONALD'S CORP 2.750% 12/09/20		2016-02-29	2018-02-05
	375. MEDICAL PPTYS TR INC		2017-10-25	2018-02-28
	868. MEDICAL PPTYS TR INC		2016-12-20	2018-03-16
	139. MERCK & CO INC NEW		2015-06-16	2017-09-05
	306. MERCK & CO INC NEW		2015-06-16	2017-12-14
	12. METTLER-TOLEDO INTL INC		2016-03-15	2018-02-13
	251. MICROSOFT CORP		2014-11-24	2017-09-05
	135. MID AMERICA APARTMENT COM		2017-10-25	2018-02-28
	168. MINERALS TECHNOLOGIES INC COM		2017-07-17	2018-01-17
	186. MITSUBISHI ESTATE COMPANY, LTD - ADR		2013-09-30	2018-01-09
	27. MONOTARO CO LTD-UNSP ADR		2013-11-13	2018-05-30
	2. NVR INC COM		2017-01-18	2017-07-07
	5. NVR INC COM		2016-06-29	2017-11-17
	.5 NASPERS LTD-N SHS SPON ADR		2015-06-23	2017-08-18
	40. NASPERS LTD-N SHS SPON ADR		2015-07-01	2018-02-23
	39. NASPERS LTD-N SHS SPON ADR		2015-07-01	2018-05-30
	177. NATIONAL RETAIL PPTYS INC		2017-10-25	2018-02-28
	25. NESTLE S.A. REGISTERED SHARES - ADR		2010-11-26	2018-05-30
	4084.411 NEUBERGER BERMAN LONG SH-INS #1830		2017-06-20	2018-05-18
	10165.243 NEUBERGER BERMAN LONG SH-INS #1830		2014-06-18	2018-05-30
	10335.2 NEUBERGER BERMAN LONG SH-INS #1830		2017-06-20	2018-05-30
	130. NEWELL RUBBERMAID INC		2017-08-29	2017-09-05
	65. NEWELL RUBBERMAID INC		2015-06-16	2017-09-05
	503.2554 NOVUS HOLDINGS LTD- DMD RCVD SHARES		2017-11-03	2017-11-03
	17. NOVOZYMES A/S UNSPONS ADR		2018-03-22	2018-05-30
	248. OGE ENERGY CORP COM		2016-10-14	2017-10-10
	34. O'REILLY AUTOMOTIVE INC		2017-03-15	2017-09-05
	115. OCCIDENTAL PETE CORP		2017-03-03	2017-09-05
	85. OCCIDENTAL PETE CORP		2017-03-03	2017-11-17
	228. OUTFRONT MEDIA INC		2017-10-25	2018-02-28
	121. OXFORD INDS INC		2017-09-26	2018-02-26
	107. PNC FINANCIAL SERVICES GROUP		2014-11-13	2017-09-05
	46. PNC FINANCIAL SERVICES GROUP		2014-11-13	2018-05-31
	18. PARK HOTELS & RESORTS INC-WI		2017-07-17	2017-09-21
	10.6 PARK HOTELS & RESORTS INC-WI		2017-07-17	2017-10-17
	30.4 PARK HOTELS & RESORTS INC-WI		2016-05-11	2017-10-17
	31. PARK24 CO LTD-SPN ADR		2016-02-01	2018-05-30
	67. PAYCOM SOFTWARE INC		2017-10-24	2018-03-12
	102. PAYCOM SOFTWARE INC		2017-07-20	2018-04-09
	48. PHYSICIANS REALTY TRUST		2016-10-09	2017-10-25
	18. PHYSICIANS REALTY TRUST		2017-05-30	2017-10-25
	198. PHYSICIANS REALTY TRUST		2016-11-25	2018-02-28
	279. PIEDMONT OFFICE REALTY TRU-A		2017-10-25	2018-02-28
	58. POLARIS INDS INC COM		2016-09-12	2017-09-28
	60. POLARIS INDS INC COM		2016-09-28	2017-10-10
	175. PRAXAIR INC COM		2014-11-24	2017-06-23
	1991.099 T ROWE PRICE INST EM MKT EQ #146		2015-02-04	2018-03-05
	2221.125 T ROWE PRICE INST EM MKT EQ #146		2015-02-04	2018-05-03
	157. PRIMERICA INC		2016-10-12	2017-07-17
	219. PROLOGIS INC		2010-11-26	2018-02-28
	99. PROLOGIS INC		2017-10-25	2018-02-28
	4. PUBLIC STORAGE INC COM		2010-11-26	2017-07-17
	15. PUBLIC STORAGE INC COM		2010-11-26	2017-10-25
	17. PUBLIC STORAGE INC COM		2010-11-26	2018-02-28
	357. RLJ LODGING TRUST		2017-10-25	2018-02-28
	132. REGENCY CENTERS CORP		2016-02-17	2017-10-25
	6. REGENCY CENTERS CORP		2016-11-14	2017-10-25
	121. RELX PLC ADR		2015-12-14	2018-01-24
	165. ROBERT HALF INTL INC		2017-01-05	2018-03-14
	12. ROCHE HOLDINGS LTD - ADR		2016-09-06	2017-07-26
	72. ROCHE HOLDINGS LTD - ADR		2016-06-07	2017-07-26
	201. ROCHE HOLDINGS LTD - ADR		2014-11-24	2017-09-05
	439. ROCHE HOLDINGS LTD - ADR		2014-11-24	2018-04-12
	70. ROCHE HOLDINGS LTD - ADR		2016-09-06	2018-05-30
	3500. T ROWE PRICE INST FLOAT RATE #170		2014-08-29	2018-05-23
	15. ROYAL DUTCH SHELL PLC ADR		2016-03-09	2018-03-27
	30. ROYAL DUTCH SHELL PLC ADR		2016-03-09	2018-05-30
	993. KONINKLIJKE KPN N.V. - ADR		2015-01-22	2018-02-14
	64. SL GREEN REALTY CORP COM		2010-11-26	2017-10-25
	26. SAP SE		2011-02-08	2018-02-21
	1. SAP SE		2017-03-28	2018-02-21
	19. SAP SE		2010-12-10	2018-05-30
	24. SASOL LIMITED - ADR		2010-12-10	2018-05-30
	52. SAUL CTRS INC COM		2012-08-08	2017-10-25
	110. SCHLUMBERGER LTD		2016-08-11	2017-09-05
	24. SCHLUMBERGER LTD		2015-11-02	2018-05-30
	153. SENIOR HOUSING PROP TRUST		2016-07-06	2017-10-25
	162. SERVISFIRST BANCSHARES INC		2015-12-24	2018-04-24
	319. SEVEN & I HOLDINGS CO., LTD ADR		2014-07-29	2017-07-18
	23. SHIRE PLC ADR		2016-11-23	2018-05-10
	32. SHIRE PLC ADR		2017-07-26	2018-05-10
	2. SIMON PROPERTY GROUP INC		2010-11-26	2017-08-10
	4. SIMON PROPERTY GROUP INC		2017-05-30	2017-08-10
	4. SIMON PROPERTY GROUP INC		2010-11-26	2017-09-21
	12. SIMON PROPERTY GROUP INC		2010-11-26	2017-10-25
	127. SIMON PROPERTY GROUP INC		2010-11-26	2018-02-28
	43. SNAP ON INC		2014-11-13	2017-09-05
	106. SNAP ON INC		2014-11-13	2017-11-17
	65. SOFTBANK GROUP CORP-UNSPON ADR		2014-07-29	2017-06-13
	151. SOFTBANK GROUP CORP-UNSPON ADR		2014-10-30	2017-08-01
	33. SONY CORPORATION - ADR		2015-02-05	2017-08-24
	56. SONY CORPORATION - ADR		2015-02-05	2018-01-29
	27. SONOVA HOLDIN-UNSPON ADR		2011-03-28	2018-05-30
	86. SPIRIT RLTY CAP INC NEW		2016-05-11	2017-10-17
	428. SPIRIT RLTY CAP INC NEW		2016-03-22	2017-10-25
	96. STATOIL ASA ADR		2016-11-04	2018-04-17
	279. STORE CAPITAL CORP		2016-09-27	2017-10-25
	48. STORE CAPITAL CORP		2017-05-12	2017-10-25
	57. STRYKER CORP		2014-11-24	2017-09-05
	73. SUN CMNTYS INC COM		2016-01-13	2017-10-25
	340. SUNSTONE HOTEL INVS INC NEW		2016-02-01	2017-10-25
	267. SWEDBANK AB ADR		2014-07-29	2017-07-13
	55. SYMRISE AG ADR		2014-06-02	2018-05-30
	43. SYSMEX CORP-UNSPON ADR		2012-05-23	2018-05-30
	85. TJX COMPANIES INC		2017-08-29	2017-09-05
	40. TJX COMPANIES INC		2014-11-24	2017-09-05
	172. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2017-08-29	2017-09-05
	80. TAIWAN SEMICONDUCTOR MANUFACTU - ADR		2012-07-31	2018-05-30
	28. TANGER FACTORY OUTLET CTR		2016-02-08	2017-10-25
	36. TANGER FACTORY OUTLET CTR		2017-09-06	2017-10-25
	495. TEGNA INC		2017-02-16	2017-08-18
	6. TEMENOS AG-SP ADR		2018-05-24	2018-05-30
	3048.78 TEMPLETON EMER MKT S/C-ADV #626		2016-12-08	2018-05-29
	23. TENARIS S.A. - ADR		2016-05-23	2018-05-30
	45. TERRENO REALTY CORP		2016-06-08	2017-10-25
	27. THERMO FISHER SCIENTIFIC INC		2016-02-09	2017-09-05
	17.99994 3M CO		2017-06-23	2017-09-05
	31.00006 3M CO		2017-08-29	2017-09-05
	30. 3M CO		2017-11-17	2018-04-12
	147. TIME WARNER INC		2014-11-24	2017-08-29
	65. TIME WARNER INC		2014-11-24	2017-09-05
	43. TOKYO ELECTRON LTD-UNSP ADR		2017-03-28	2018-04-19
	2885.17 TOUCHSTONE SMALLLCAP FUND INSTITUTIO		2017-03-07	2017-08-18
	42. TRAVELERS COMPANIES, INC		2016-08-31	2017-09-05
	27. TREX COMPANY INC		2016-04-18	2017-10-10
	166. TUPPERWARE BRANDS CORPORATION		2017-12-22	2018-05-22
	1514. TURKIYE GARANTI BANKSASI-ADR		2011-03-09	2018-04-26
	201. US BANCORP		2015-03-03	2017-09-05
	444. US BANCORP		2015-03-03	2018-02-13
	94. UBIQUITI NETWORKS INC		2016-12-21	2018-03-16
	57. UNILEVER PLC - ADR		2014-07-29	2018-05-16
	27. UNILEVER PLC - ADR		2015-06-23	2018-05-30
	290. UNITED PARCEL SERVICE-CL B		2014-11-24	2017-06-23
	19. UNITED RENTAL INC COM		2016-02-19	2017-06-09
	4199.56 TREAS INFL IND BD 1.000% 2/15/46		2016-04-18	2018-04-24
	4000. US TREASURY NOTE 2.125% 9/30/21		2015-09-24	2017-08-23
	8000. US TREASURY NOTE 2.125% 9/30/21		2015-09-24	2018-04-20
	8000. US TREASURY NOTE 1.625% 7/31/19		2015-09-24	2018-05-22
	89. UNITED THERAPEUTICS CORP DEL		2016-06-06	2018-01-18
	44. UNITEDHEALTH GROUP INC		2017-04-13	2017-09-05
	32. VALEO - ADR		2016-11-18	2017-10-23
	97. VARIAN MED SYS INC		2014-11-24	2017-12-22
	105. VENTAS INC COM		2017-10-25	2018-02-28
	1494. VANGUARD REAL ESTATE ETF		2017-09-01	2017-10-20
	529. VANGUARD REAL ESTATE ETF		2017-09-01	2018-01-08
	166. VERIZON COMMUNICATIONS		2015-02-06	2017-09-05
	93. VISA INC-CLASS A SHRS		2017-01-19	2017-09-05
	34. VISA INC-CLASS A SHRS		2014-02-21	2017-09-05
	28. VISA INC-CLASS A SHRS		2014-02-21	2018-05-31
	37. VORNADO REALTY TRUST		2012-12-28	2017-10-25
	35. WPP PLC NEW ADR		2010-11-26	2017-10-03
	11. WPP PLC NEW ADR		2010-11-26	2018-05-30
	79. WALKER & DUNLOP INC		2017-09-12	2017-10-24
	18. WEIBO CORP-SPON ADR		2017-11-29	2018-05-30
	14448.508 WF SHORT-TERM BOND FUND-I#3102		2016-08-04	2018-05-29
	50. WELLTOWER INC		2016-02-08	2017-08-10
	145. WELLTOWER INC		2016-02-17	2017-10-25
	87. WEYERHAEUSER CO		2017-10-17	2017-10-25
	193. WILLIAMS SONOMA INC		2016-07-21	2017-12-22
	479. WORLDPAY GROUP PLC-UNSP ADR		2016-10-07	2017-10-18
	94. ACCENTURE PLC		2014-11-24	2017-09-05
	42. ACCENTURE PLC		2014-11-24	2018-05-31
	7.18047 EATON CORP PLC		2017-06-23	2017-09-05
	120.81953 EATON CORP PLC		2017-06-23	2017-09-05
	92. MEDTRONIC PLC		2015-01-28	2017-09-05
	212. TECHNIPFMC LTD		2017-01-17	2017-09-05
	1345.581 GAI CORBIN MULTI STRATEGY FUND		2015-02-25	2017-06-30
	7166.83 GAI CORBIN FUND 5% HOLDBACK		2017-06-30	2017-06-30
	19. CHECK POINT SOFTWARE TECH COM		2017-01-19	2018-05-30
	106. INTERXION HOLDING NV		2016-05-11	2017-10-25
	310. NXP SEMICONDUCTORS NV		2015-11-11	2017-08-29
	107.138 SKYBRIDGE MULTI-ADVISER HF LLC (RF)		2013-08-28	2018-03-30
	6687.2 SKYBRIDGE MULTI-ADVISER 5% HOLDBACK		2018-03-30	2018-03-30
	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	985	425	560
b	2,803	1,092	1,711
c	32,500	23,867	8,633
d	2,301	2,330	-29
e	10,442	10,521	-79
	5	5
	2,933	2,782	151
	7,540	7,521	19
	2,562	2,542	20
	2,928	2,340	588
	5,261	3,878	1,383
	923	558	365
	6,037	3,422	2,615
	5,488	2,074	3,414
	938	739	199
	1,418	1,577	-159
	19,849	11,496	8,353
	6,864	8,461	-1,597
	913	857	56
	44	45	-1
	1,452	1,428	24
	37	43	-6
	4,256	4,885	-629
	8,001	8,182	-181
	6,461	4,594	1,867
	11,798	11,523	275
	7,683	5,081	2,602
	3,725	4,216	-491
	25,121	16,921	8,200
	11,580	7,334	4,246
	850	1,011	-161
	2,085	2,483	-398
	2,342	2,215	127
	1,679	2,094	-415
	1,083	635	448
	9,536	2,929	6,607
	2,898	640	2,258
	1,623	1,565	58
	8,113	6,235	1,878
	4,848	3,397	1,451
	2,893	2,713	180
	2,667	2,264	403
	1,905	2,771	-866
	1,873	1,875	-2
	2,136	2,176	-40
	3,105	3,284	-179
	998	961	37
	6,324	4,999	1,325
	10,423	8,843	1,580
	6,403	4,163	2,240
	1,825	1,264	561
	967	674	293
	897	590	307
	5,502	3,875	1,627
	1,426	999	427
	1,061	255	806
	6,997	8,605	-1,608
	13,522	18,376	-4,854
	1,090	910	180
	2,190	897	1,293
	1,111	1,143	-32
	1,200	1,120	80
	4,035	4,358	-323
	3,660	3,915	-255
	8,840	9,059	-219
	589	915	-326
	6,314	5,976	338
	4,084	4,032	52
	7,255	6,972	283
	373,805	404,132	-30,327
	66,195	70,000	-3,805
	7,968	7,701	267
	3	3
	1,779	1,475	304
	2,699	4,341	-1,642
	8,519	8,199	320
	12,158	14,634	-2,476
	4,751	5,882	-1,131
	1,429	1,025	404
	7,623	7,385	238
	2,828	2,450	378
	1,717	1,717
	13,091	12,173	918
	3,133	2,403	730
	3,979	1,756	2,223
	8,338	7,633	705
	1,005	590	415
	1,431	807	624
	1,733	1,767	-34
	1,589	2,514	-925
	22,606	16,757	5,849
	903	1,093	-190
	1,815	1,041	774
	7,972	6,027	1,945
	3,167	1,197	1,970
	5,347	1,443	3,904
	2,384	634	1,750
	1,246	1,169	77
	5,146	6,248	-1,102
	10,106	8,968	1,138
	6,671	6,380	291
	11,375	12,153	-778
	5,272	6,377	-1,105
	8,298	5,452	2,846
	6,110	6,733	-623
	5,470	5,878	-408
	3,134	3,742	-608
	3,598	2,717	881
	25,000	25,265	-265
	50,000	49,782	218
	9,817	12,047	-2,230
	1,208	1,079	129
	1,319	1,070	249
	716	571	145
	1,373	1,301	72
	2,746	1,794	952
	15,047	11,192	3,855
	4,192	3,439	753
	3,609	2,703	906
	257	256	1
	15,932	8,555	7,377
	13,703	11,678	2,025
	1,584	1,650	-66
	773	872	-99
	7,448	5,264	2,184
	6,164	5,816	348
	1,489	798	691
	4,047	2,254	1,793
	991	595	396
	1,600	1,115	485
	203	216	-13
	43	45	-2
	51	53	-2
	241	256	-15
	208	221	-13
	44	46	-2
	310	329	-19
	327	347	-20
	259	274	-15
	273	290	-17
	257	273	-16
	243	258	-15
	1,912	1,964	-52
	592	602	-10
	205	217	-12
	192	204	-12
	137	145	-8
	146	155	-9
	146	155	-9
	175	186	-11
	75	80	-5
	150	159	-9
	112	119	-7
	190	201	-11
	90	95	-5
	152	161	-9
	79	79
	101	101
	86	86
	230	231	-1
	223	224	-1
	220	221	-1
	100	99	1
	120	121	-1
	90	90
	108	109	-1
	108	109	-1
	90	90
	84	84
	101	102	-1
	122	123	-1
	101	101
	103	103
	137	138	-1
	205	217	-12
	18	19	-1
	19	21	-2
	222	235	-13
	216	229	-13
	19	20	-1
	20	21	-1
	226	239	-13
	16	17	-1
	188	200	-12
	219	232	-13
	224	237	-13
	209	222	-13
	196	207	-11
	164	174	-10
	26	26
	34	34
	213	226	-13
	203	216	-13
	33	33
	5,772	5,779	-7
	17,606	17,321	285
	9,344	9,785	-441
	239	259	-20
	359	389	-30
	300	325	-25
	308	334	-26
	274	297	-23
	332	360	-28
	351	380	-29
	371	403	-32
	286	310	-24
	215	233	-18
	218	236	-18
	28	30	-2
	182	197	-15
	103	107	-4
	123	127	-4
	134	139	-5
	117	121	-4
	173	179	-6
	160	165	-5
	151	157	-6
	175	181	-6
	169	175	-6
	45	45
	2,197	1,661	536
	190,136	190,000	136
	79,864	75,991	3,873
	40,000	40,035	-35
	2,283	941	1,342
	3,806	4,155	-349
	7,610	6,121	1,489
	2,745	1,942	803
	138	111	27
	6,723	5,294	1,429
	5,139	3,962	1,177
	1,867	1,622	245
	973	905	68
	895	469	426
	544	329	215
	2,136	1,279	857
	7,550	7,365	185
	7,672	7,280	392
	16,789	15,878	911
	6,776	8,373	-1,597
	4,246	2,518	1,728
	13,284	13,115	169
	2,773	3,630	-857
	917	819	98
	5,261	6,572	-1,311
	936	792	144
	1,064	937	127
	3,347	3,444	-97
	1,269	1,126	143
	607	263	344
	3,232	2,626	606
	3,612	1,969	1,643
	13,818	8,846	4,972
	4,132	4,304	-172
	1,955	1,841	114
	4,844	5,078	-234
	4,700	2,583	2,117
	2,896	2,247	649
	5	4	1
	898	761	137
	9,761	6,500	3,261
	1,298	1,329	-31
	2,690	1,822	868
	13,581	6,897	6,684
	7,041	6,689	352
	7,415	6,818	597
	11,857	11,761	96
	4,472	4,367	105
	5,231	4,902	329
	4	4
	4,358	4,435	-77
	5,100	4,479	621
	1,161	1,499	-338
	17	14	3
	582	502	80
	920	1,416	-496
	15,944	10,703	5,241
	6,622	3,728	2,894
	8,606	7,060	1,546
	21,597	17,757	3,840
	3,606	2,602	1,004
	5,901	4,187	1,714
	11,000	7,256	3,744
	2,347	2,421	-74
	3,762	2,831	931
	1,368	1,368
	8,206	7,579	627
	3,678	4,550	-872
	494	562	-68
	1,145	1,401	-256
	937	844	93
	2,239	1,259	980
	1,821	865	956
	1,458	681	777
	6,395	5,881	514
	13,505	11,717	1,788
	1,325	1,298	27
	7,585	8,394	-809
	1,952	1,442	510
	16,740	14,194	2,546
	5,026	5,153	-127
	4,609	4,965	-356
	11,161	10,575	586
	8,858	8,008	850
	17,139	17,629	-490
	7,384	3,984	3,400
	18,476	11,958	6,518
	11,654	14,048	-2,394
	12,640	12,500	140
	3,436	5,574	-2,138
	1,046	301	745
	5,031	3,375	1,656
	16,404	8,705	7,699
	22	16	6
	2,316	1,259	1,057
	1,881	1,224	657
	6,636	7,184	-548
	1,906	1,416	490
	60,000	56,651	3,349
	148,921	131,132	17,789
	151,411	143,349	8,062
	6,314	6,188	126
	3,157	2,666	491
	9	226	-217
	856	881	-25
	8,971	7,564	1,407
	6,803	9,294	-2,491
	6,975	7,466	-491
	5,806	5,518	288
	4,651	5,321	-670
	9,923	7,474	2,449
	13,344	9,366	3,978
	6,587	4,026	2,561
	492	509	-17
	303	288	15
	868	609	259
	857	872	-15
	7,375	4,963	2,412
	11,156	7,046	4,110
	836	912	-76
	313	362	-49
	2,859	3,416	-557
	5,030	5,374	-344
	6,054	4,431	1,623
	6,339	4,566	1,773
	23,286	22,661	625
	85,000	60,330	24,670
	90,000	67,300	22,700
	12,233	8,716	3,517
	13,328	6,500	6,828
	6,025	6,344	-319
	834	393	441
	3,149	1,473	1,676
	3,314	1,670	1,644
	7,106	7,729	-623
	8,288	7,165	1,123
	377	411	-34
	2,770	2,126	644
	9,618	8,139	1,479
	377	377
	2,265	2,407	-142
	6,360	7,511	-1,151
	12,419	16,405	-3,986
	1,899	1,898	1
	35,000	35,840	-840
	987	720	267
	2,162	1,440	722
	3,111	3,191	-80
	6,137	4,158	1,979
	2,704	1,387	1,317
	104	98	6
	2,114	930	1,184
	862	1,129	-267
	3,238	1,997	1,241
	7,114	9,045	-1,931
	1,662	1,880	-218
	2,818	2,929	-111
	7,075	3,937	3,138
	6,317	6,933	-616
	3,773	3,965	-192
	5,249	5,803	-554
	324	185	139
	648	625	23
	639	370	269
	1,960	1,111	849
	19,577	11,754	7,823
	6,249	5,818	431
	16,642	14,343	2,299
	2,688	2,413	275
	6,017	5,392	625
	1,265	881	384
	2,724	1,496	1,228
	952	542	410
	735	989	-254
	3,416	4,426	-1,010
	2,432	1,554	878
	6,840	6,653	187
	1,177	1,054	123
	8,080	5,215	2,865
	6,542	3,781	2,761
	5,527	4,157	1,370
	6,818	6,995	-177
	1,107	740	367
	1,932	404	1,528
	6,143	6,049	94
	2,891	2,541	350
	6,399	6,355	44
	3,053	1,035	2,018
	685	871	-186
	881	991	-110
	6,178	7,771	-1,593
	884	884
	45,000	36,677	8,323
	847	595	252
	1,623	1,089	534
	5,022	3,348	1,674
	3,628	3,834	-206
	6,249	6,419	-170
	6,465	6,804	-339
	14,916	11,969	2,947
	6,595	5,292	1,303
	2,001	1,159	842
	47,144	50,000	-2,856
	4,929	4,985	-56
	2,285	1,342	943
	7,540	10,360	-2,820
	3,324	7,188	-3,864
	10,261	8,977	1,284
	24,037	19,829	4,208
	6,707	5,462	1,245
	3,135	2,548	587
	1,498	1,219	279
	31,980	29,199	2,781
	2,075	910	1,165
	4,211	4,152	59
	4,075	4,099	-24
	7,855	8,198	-343
	7,927	8,119	-192
	12,396	9,496	2,900
	8,807	7,276	1,531
	1,146	876	270
	10,767	7,131	3,636
	5,112	6,452	-1,340
	124,970	125,596	-626
	43,081	44,277	-1,196
	7,882	8,148	-266
	9,581	7,604	1,977
	3,503	1,907	1,596
	3,655	1,570	2,085
	2,694	2,149	545
	3,162	1,981	1,181
	897	622	275
	4,288	3,695	593
	1,862	1,993	-131
	125,269	126,983	-1,714
	3,536	3,200	336
	9,584	6,967	2,617
	3,009	3,044	-35
	10,131	10,429	-298
	7,616	5,640	1,976
	12,199	7,991	4,208
	6,514	3,570	2,944
	513	546	-33
	8,633	9,194	-561
	7,366	7,014	352
	5,633	7,532	-1,899
	143,337	150,000	-6,663
	7,167	7,167
	1,838	1,835	3
	5,612	3,424	2,188
	34,853	30,040	4,813
	128,472	129,925	-1,453
	6,687	6,687
			86,568

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			560
b			1,711
c			8,633
d			-29
e			-79

			151
			19
			20
			588
			1,383
			365
			2,615
			3,414
			199
			-159
			8,353
			-1,597
			56
			-1
			24
			-6
			-629
			-181
			1,867
			275
			2,602
			-491
			8,200
			4,246
			-161
			-398
			127
			-415
			448
			6,607
			2,258
			58
			1,878
			1,451
			180
			403
			-866
			-2
			-40
			-179
			37
			1,325
			1,580
			2,240
			561
			293
			307
			1,627
			427
			806
			-1,608
			-4,854
			180
			1,293
			-32
			80
			-323
			-255
			-219
			-326
			338
			52
			283
			-30,327
			-3,805
			267

			304
			-1,642
			320
			-2,476
			-1,131
			404
			238
			378

			918
			730
			2,223
			705
			415
			624
			-34
			-925
			5,849
			-190
			774
			1,945
			1,970
			3,904
			1,750
			77
			-1,102
			1,138
			291
			-778
			-1,105
			2,846
			-623
			-408
			-608
			881
			-265
			218
			-2,230
			129
			249
			145
			72
			952
			3,855
			753
			906
			1
			7,377
			2,025
			-66
			-99
			2,184
			348
			691
			1,793
			396
			485
			-13
			-2
			-2
			-15
			-13
			-2
			-19
			-20
			-15
			-17
			-16
			-15
			-52
			-10
			-12
			-12
			-8
			-9
			-9
			-11
			-5
			-9
			-7
			-11
			-5
			-9



			-1
			-1
			-1
			1
			-1

			-1
			-1


			-1
			-1


			-1
			-12
			-1
			-2
			-13
			-13
			-1
			-1
			-13
			-1
			-12
			-13
			-13
			-13
			-11
			-10


			-13
			-13

			-7
			285
			-441
			-20
			-30
			-25
			-26
			-23
			-28
			-29
			-32
			-24
			-18
			-18
			-2
			-15
			-4
			-4
			-5
			-4
			-6
			-5
			-6
			-6
			-6

			536
			136
			3,873
			-35
			1,342
			-349
			1,489
			803
			27
			1,429
			1,177
			245
			68
			426
			215
			857
			185
			392
			911
			-1,597
			1,728
			169
			-857
			98
			-1,311
			144
			127
			-97
			143
			344
			606
			1,643
			4,972
			-172
			114
			-234
			2,117
			649
			1
			137
			3,261
			-31
			868
			6,684
			352
			597
			96
			105
			329

			-77
			621
			-338
			3
			80
			-496
			5,241
			2,894
			1,546
			3,840
			1,004
			1,714
			3,744
			-74
			931

			627
			-872
			-68
			-256
			93
			980
			956
			777
			514
			1,788
			27
			-809
			510
			2,546
			-127
			-356
			586
			850
			-490
			3,400
			6,518
			-2,394
			140
			-2,138
			745
			1,656
			7,699
			6
			1,057
			657
			-548
			490
			3,349
			17,789
			8,062
			126
			491
			-217
			-25
			1,407
			-2,491
			-491
			288
			-670
			2,449
			3,978
			2,561
			-17
			15
			259
			-15
			2,412
			4,110
			-76
			-49
			-557
			-344
			1,623
			1,773
			625
			24,670
			22,700
			3,517
			6,828
			-319
			441
			1,676
			1,644
			-623
			1,123
			-34
			644
			1,479

			-142
			-1,151
			-3,986
			1
			-840
			267
			722
			-80
			1,979
			1,317
			6
			1,184
			-267
			1,241
			-1,931
			-218
			-111
			3,138
			-616
			-192
			-554
			139
			23
			269
			849
			7,823
			431
			2,299
			275
			625
			384
			1,228
			410
			-254
			-1,010
			878
			187
			123
			2,865
			2,761
			1,370
			-177
			367
			1,528
			94
			350
			44
			2,018
			-186
			-110
			-1,593

			8,323
			252
			534
			1,674
			-206
			-170
			-339
			2,947
			1,303
			842
			-2,856
			-56
			943
			-2,820
			-3,864
			1,284
			4,208
			1,245
			587
			279
			2,781
			1,165
			59
			-24
			-343
			-192
			2,900
			1,531
			270
			3,636
			-1,340
			-626
			-1,196
			-266
			1,977
			1,596
			2,085
			545
			1,181
			275
			593
			-131
			-1,714
			336
			2,617
			-35
			-298
			1,976
			4,208
			2,944
			-33
			-561
			352
			-1,899
			-6,663

			3
			2,188
			4,813
			-1,453

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	401,017
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))
2018	338,415	7,941,434	0.042614
2017	442,271	7,852,947	0.056319
2016	657,689	8,693,773	0.075651
2015	421,322	8,635,385	0.04879
2014	378,834	8,322,266	0.045521

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

0.268895

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 ......

0.053779

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

8,602,916

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

462,656

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

4,896

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

467,552

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

437,909

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)

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	9,791
	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	9,791
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	9,791
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	5,720
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,174
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	9,894
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	103
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax103	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?........

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

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 2019 or the taxable year beginning in 2019? 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 (2019)

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

WELLS FARGO BANK NA Telephone no. bullet

(800) 352-3705

Located at bullet

100 N MAIN ST D4000-062WINSTON SALEMNC ZIP+4 bullet

271013818

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 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

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 2019?.............

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 2019, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2019?.............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 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.)..................

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 2019?

Form 990-PF (2019)

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
WELLS FARGO BANK NA	TRUSTEE 1	109,723
100 North Main Street Winstonsalem,NC27101	TRUSTEE 1	109,723

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 (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............. 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	NONE
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2019)

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

8,377,518

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

356,407

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

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

8,733,925

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

8,733,925

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

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

131,009

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

8,602,916

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

430,146

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.)

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

430,146

Tax on investment income for 2019 from Part VI, line 5......

9,791

Income tax for 2019. (This does not include the tax from Part VI.)...

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

9,791

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

420,355

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

5,000

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

425,355

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

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

425,355

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 ..........

437,909

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

437,909

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

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

437,909

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)

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					425,355
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				156,927
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	0
b From 2015......	0
c From 2016......	0
d From 2017......	0
e From 2018......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2019 from Part
XII, line 4: $ 437,909
a Applied to 2018, but not more than line 2a				156,927
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.....					280,982
e Remaining amount distributed out of corpus		0
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		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 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 ..........					144,373
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) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	0
e Excess from 2019....	0

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 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) 2019	(b) 2018	(c) 2017	(d) 2016	(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 e-mail address of the person to whom applications should be addressed:

Grant Administration
100 N Main St
Winston Salem,NC27101
(800) 352-3705
https://www.wellsfargo.com/privatefoundationgrants

bThe form in which applications should be submitted and information and materials they should include:

Contact, deadline, and qualification information provided on website

cAny submission deadlines:

August 1

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

There are no program limitations; however, the foundation has a practice of awarding grants to charitable organizations with grant requests in Education, Environment and Arts

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ATLANTA CHILDRENS SHELTER INC 607 PEACHTREE STREET NE ATLANTA,GA30308	NONE	PC	EARLY CHILDHOOD EDUCATION	20,000
CLIFTON SANCTUARY MINISTRIES INC 369 CONNECTICUT AVENUE ATLANTA,GA30307	NONE	EXEMPT	GENERAL SUPPORT	4,000
COMMUNITIES IN SCHOOLS OF ATLANTA INC 600 W PEACHTREE ST SUITE 1250 ATLANTA,GA30308	NONE	PC	GENERAL SUPPORT	15,000
DIABETES ASSOC OF ATLANTA 100 EDGEWOOD AVE NE STE 1004 ATLANTA,GA30303	NONE	PC	DIABETES PREVENTION	15,000
Action Ministries Incs 1700 CENTURY CIRCLE NE SUITE 200 Atlanta,GA30345	NONE	PC	HUNGER RELIEF, HOUSING,	20,000
Angel Flight Soars Inc 2000 AIRPORT ROAD SUITE 227 Atlanta,GA30341	NONE	PC	FLY A GEORGIA PATIENT	10,000
Atlanta Union Mission Corp 2353 BOLTON ROAD NW Atlanta,GA30318	NONE	PC	BEDDING FURNITURE &	11,430
East Lake Foundation Inc 2606 ALSTON DRIVE SE Atlanta,GA30317	NONE	PC	RISE AFTER SCHOOL PROGRAM	10,000
Families First Inc 80 JOSEPH E LOWERY BLVD NW Atlanta,GA30314	NONE	PC	HOUSING AND WRAPAROUND	20,000
Georgia State University Foundation Inc POST OFFICE BOX 2668 Atlanta,GA30301	NONE	PC	NEW GREEN SPACE FOR GSU	20,000
Our House Inc 173 BOULEVARD NE Atlanta,GA30312	NONE	PC	EARLY CHILDHOOD EDUCATION	15,000
The Study Hall Inc 1010 CREW ST SW Atlanta,GA30315	NONE	PC	AFTER SCHOOL & SUMMER	10,000
Society of ST Vncent DE Paul Georgia Inc 2050-C CHAMBLEE TUCKER ROAD Atlanta,GA30315	NONE	PC	FOOD RECOVERY & DISTB.	12,000
Raising Expectations Inc PO BOX 92814 Atlanta,GA30314	NONE	PC	PROJECT D.R.E.A.M.	10,000
Horizons Atlanta Inc 177 NORTH AVE NW 3RD FLOOR SUITE 11 Atlanta,GA30332	NONE	PC	PROMOTING 3RD GRADE READING	10,000
Rainbow Village Inc 3427 DULUTH HIGHWAY 120 Duluth,GA300963354	NONE	PC	STEM PROGRAM ELEM. & MIDDLE	10,000
Synchronicity Theatre 1389 PEACHTREE ST NE SUITE 350 Atlanta,GA30309	NONE	PC	CHILDREN & YOUTH PROGRAMS	4,000
Visiting Nurse Health System Hospice Atlanta 5775 GLENRIDGE DRIVE NE SUITE E200 Atlanta,GA30328	NONE	PC	CHARITY CARE	15,000
Camp Sunshine Inc 1850 CLAORMONT ROAD Decatur,GA30033	NONE	PC	YEAR ROUND PROGRAM & SUMMER	6,000
FRIENDS OF REFUGEES PO BOX 548 CLARKSTON,GA30021	NONE	PC	REFUGEE FAMILY LITERACY	10,000
FOSTER SIBLINGS REUNITED INC 6101 GOLDEN LANDING CANTON,GA30114	NONE	PC	GENERAL SUPPORT	5,000
BOYS AND GIRLS CLUBS OF METRO ATLANTA 1275 PEACHTREE STREET SUITE 500 ATLANTA,GA30309	NONE	PC	MENTORING TOWARDS COLLEGE	7,500
ATLANTA SPEECH SCHOOL INC 3160 NORTHSIDE DRIVE ATLANTA,GA30327	NONE	PC	KATHERINE HAMM CENTER	50,000
THE SHELTERING ARMS 385 CENTENNIAL OLYMPIC PARK DR ATLANTA,GA30313	NONE	PC	GENERAL SUPPORT	20,000
UNITED METHODIST CHILDRENS HOME OF THE NORTH GA CONFERENCE INC 500 S COLUMBIA DRIVE DECATUR,GA30030	NONE	PC	GENERAL SUPPORT	5,000
BIG BROTHERS BIG SISTERS OF METRO ATLANTA 1382 PEACHTREE STREET ATLANTA,GA30309	NONE	PC	METRO ATL EAT-COOK-GROW	7,500
ATLANTA BALLET INCORPORATED 1695 MARIETTA BOULEVARD NW ATLANTA,GA30318	NONE	PC	OUTREACH INITIATIVES	10,000
YOUTHSPARK INC 395 PRYOR STREET STE 2117 ATLANTA,GA30312	NONE	PC	YPUTHSPARK VOICES	4,000
FERNBANK INC 767 CLIFTON ROAD NE ATLANTA,GA30307	NONE	PC	SUCCESS EDUCATION	10,000
GEORGIA TECH FOUNDATION INC 760 SPRING STREET NW ATLANTA,GA30308	NONE	PC	GEORGIA TECH LIBRARY	30,000
Total ................................. 3a				396,430

bApproved for future payment

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

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	(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	176,034
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	401,017
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEE REBATE			1	1,209
bRETURNED GRANT			1	5,000
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				583,260

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

583,260

(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 (2019)

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 (2019)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,000			1,000

Person Name	Explanation
WELLS FARGO BANK NA	See Attached Foot Note

Name of Bond	End of Year Book Value	End of Year Fair Market Value
044820504 ASHMORE EMERG MKTS C	29,463	30,114
20030NBB6 COMCAST CORP
277911491 EATON VANCE FLOATING	59,578	58,888
29379VAV5 ENTERPRISE PRODUCTS	4,032	4,552
36962G3P7 GENERAL ELEC CAP COR	6,306	5,723
46625HHS2 JPMORGAN CHASE & CO	7,565	7,200
52470G742 WESTERN ASSET SMASH	59,616	59,200
52470G759 WESTERN ASSET SMASH	97,654	96,317
693390841 PIMCO HIGH YIELD FD-	27,364	38,345
06051GFB0 BANK OF AMERICA CORP	6,251	6,142
172967GL9 CITIGROUP INC
861647501 STONE HARBOR LOCAL M	22,435	22,488
92343VBR4 VERIZON COMMUNICATIO	7,751	7,528
315920702 FID ADV EMER MKTS IN	126,873	127,819
77958B402 T ROWE PRICE INST FL	64,160	62,531
38141GVM3 GOLDMAN SACHS GROUP	6,194	6,047
58013MEX8 MCDONALD'S CORP	3,092	2,995
91086QBD9 UNITED MEXICAN STATE	7,158	6,979
949917652 WF SHORT-TERM BOND F
0258M0EB1 AMERICAN EXPRESS CRE
05565QDM7 BP CAPITAL MARKETS	8,053	7,947
172967LP4 VR CITIGROUP INC	6,052	5,736
19248X307 COHEN & STEERS PR SE	65,000	61,452
594918CA0 MICROSOFT CORP	7,821	7,387
61744YAK4 VR MORGAN STANLEY	4,009	3,823

- TIN:

TY 2017 InvestmentsCorpStockSchedule

Name:

TW PRICE GILBERT JR CHARITABLE FUND

EIN:

58-2064640

Name of Stock	End of Year Book Value	End of Year Fair Market Value
46625H100 JPMORGAN CHASE & CO	24,219	47,405
478160104 JOHNSON & JOHNSON
693475105 PNC FINANCIAL SERVIC	20,394	33,415
037833100 APPLE INC	21,105	54,753
458140100 INTEL CORP	11,211	17,995
594918104 MICROSOFT CORP	25,106	60,194
74005P104 PRAXAIR INC COM
92343V104 VERIZON COMMUNICATIO	17,867	17,352
370334104 GENERAL MILLS INC
09062X103 BIOGEN INC	12,497	14,698
50540R409 LABORATORY CRP OF AM	23,044	26,727
32054K103 FIRST INDL RLTY TR I
001317205 AIA GROUP LTD-SP ADR	8,120	21,859
009126202 AIR LIQUIDE - ADR	15,180	18,593
018805101 ALLIANZ SE ADR	9,672	14,800
03073E105 AMERISOURCEBERGEN CO	4,753	9,528
03524A108 ANHEUSER-BUSCH INBEV	8,821	8,049
03748R101 APARTMENT INVT & MGM
045387107 ASSA ABLOY AB-UNSP A	6,478	11,921
049255706 ATLAS COPCO AB ADR	3,878	6,993
053484101 AVALONBAY CMNTYS INC
056752108 BAIDU INC ADR	12,125	18,435
089302103 BIG LOTS INC	7,609	8,468
09247X101 BLACKROCK INC	17,822	28,848
101121101 BOSTON PROPERTIES IN
12504L109 CBRE GROUP INC
136375102 CANADIAN NATL RR CO	9,525	17,948
229663109 CUBESMART
23304Y100 DBS GROUP HOLDINGS L	12,411	21,729
23317H102 DDR CORP
237545108 DASSAULT SYSTEMES S.	4,118	16,409
254687106 WALT DISNEY CO	17,564	24,967
29476L107 EQUITY RESIDENTIAL P
297178105 ESSEX PPTY TR COM
30225T102 EXTRA SPACE STORAGE
307305102 FANUC CORPORATION AD	9,113	13,364
315616102 F5 NETWORKS INC
358029106 FRESENIUS MEDICAL CA	7,251	10,833
44107P104 HOST HOTELS & RESORT
45104G104 ICICI BANK LTD. - AD	4,380	5,118
465562106 ITAU UNIBANCO H-SPON	6,719	7,380
466140100 JGC CORP-UNSPONSORED	7,363	5,771
48667L106 KDDI CORP-UNSPONSORE	4,228	5,617
494368103 KIMBERLY CLARK CORP	16,742	14,926
500458401 KOMATSU LIMITED - AD	4,776	6,541
502117203 L'OREAL - ADR	5,507	11,819
502441306 LVMH MOET HENNESSY U	4,037	8,875
58933Y105 MERCK & CO INC NEW
592688105 METTLER-TOLEDO INTL
641069406 NESTLE S.A. REGISTER	10,533	14,680
66987V109 NOVARTIS AG - ADR	33,015	32,118
731068102 POLARIS INDS INC COM
74340W103 PROLOGIS INC	14,804	15,444
74460D109 PUBLIC STORAGE INC C
771195104 ROCHE HOLDINGS LTD -	8,611	12,011
780259107 ROYAL DUTCH SHELL PL	10,599	16,781
780259206 ROYAL DUTCH SHELL PL	12,570	14,055
78440X101 SL GREEN REALTY CORP
803054204 SAP SE ADR	18,193	29,889
803866300 SASOL LIMITED - ADR	5,228	4,620
804395101 SAUL CTRS INC COM
806857108 SCHLUMBERGER LTD	37,050	33,374
828806109 SIMON PROPERTY GROUP
83569C102 SONOVA HOLDIN-UNSPON	2,812	5,803
87184P109 SYSMEX CORP-UNSPON A	2,389	11,353
874039100 TAIWAN SEMICONDUCTOR	21,665	35,488
875465106 TANGER FACTORY OUTLE
900148701 TURKIYE GARANTI BANK
904767704 UNILEVER PLC - ADR	12,192	17,800
M22465104 CHECK POINT SOFTWARE	10,026	11,586
05946K101 BANCO BILBAO VIZCAYA	12,476	11,097
126650100 CVS HEALTH CORPORATI
17275R102 CISCO SYSTEMS INC	18,761	28,231
264411505 DUKE REALTY CORPORAT
26884U109 EPR PROPERTIES
457187102 INGREDION INC
501173207 KUBOTA LIMITED - ADR	4,525	4,941
866674104 SUN CMNTYS INC COM
867892101 SUNSTONE HOTEL INVS
88019R690 TEMPLETON EMER MKT S	112,703	152,576
887317303 TIME WARNER INC	13,679	15,819
91307C102 UNITED THERAPEUTICS
929042109 VORNADO REALTY TRUST
92937A102 WPP PLC NEW ADR	3,395	4,974
G0408V102 AON PLC	7,479	10,630
G1151C101 ACCENTURE PLC	29,667	48,591
00770G847 JOHCM INTERNATIONAL
008252108 AFFILIATED MANAGERS
03027X100 AMERICAN TOWER CORP
042735100 ARROW ELECTRS INC	14,472	14,750
088606108 BHP BILLITON LIMITED	12,857	13,142
22160K105 COSTCO WHOLESALE COR	16,628	28,943
231021106 CUMMINS INC.	15,235	16,090
35952Q106 FUCHS PETROLUB SE-PR	5,021	5,788
375558103 GILEAD SCIENCES INC	13,151	11,660
458334109 INTER PARFUMS INC	10,583	17,376
49427F108 KILROY REALTY CORP C
536797103 LITHIA MOTORS INC CL
606783207 MITSUBISHI ESTATE CO
61022V107 MONOTARO CO LTD-UNSP	1,807	6,525
872540109 TJX COMPANIES INC	18,114	28,902
883556102 THERMO FISHER SCIENT	16,492	27,700
89531P105 TREX COMPANY INC	3,628	8,602
902973304 US BANCORP
90347A100 UBIQUITI NETWORKS IN	8,577	12,884
911312106 UNITED PARCEL SERVIC
911363109 UNITED RENTAL INC CO	5,316	17,712
92220P105 VARIAN MED SYS INC
92826C839 VISA INC-CLASS A SHR	19,879	49,151
015271109 ALEXANDRIA REAL ESTA
045055100 ASHTEAD GROUP PLC-UN	3,157	6,170
045519402 ASSOC BRITISH FOODS-
072730302 BAYER AG - ADR	19,091	20,120
110448107 BRITISH AMERICAN TOB	13,309	11,264
12637N204 CSL LTE-SPONSORED AD	1,719	7,092
142795202 CARLSBERG AS-B-SPON	5,458	6,859
194162103 COLGATE PALMOLIVE CO	17,558	16,277
204319107 COMPAGNIE FINANCIERE	5,115	4,772
210771200 CONTINENTAL AG-SPONS	3,631	4,375
234062206 DAIWA HOUSE IND LTD	7,408	12,932
235851102 DANAHER CORP	14,378	22,735
26875P101 EOG RESOURCES, INC	18,943	24,033
28140H203 EDUCATION REALTY TRU
303075105 FACTSET RESH SYS INC	12,187	15,076
35804M105 FRESENIUS SE & CO-SP	4,421	6,996
379577208 GLOBUS MEDICAL INC -	8,340	19,609
388689101 GRAPHIC PACKAGING HL
40418F108 HFF INC	12,979	14,196
437076102 HOME DEPOT INC	19,658	37,310
45672B305 INFORMA PLC-SP ADR	3,856	4,855
48241F104 KBC GROEP NV-UNSP AD
535223200 LINDE AG ADR
560877300 MAKITA CORPORATION -	6,706	9,883
64128R608 NEUBERGER BERMAN LON
67069D108 NUTRI SYS INC	10,460	7,385
74144Q203 T ROWE PRICE INST EM	254,839	376,911
74253Q747 PRINCIPAL MIDCAP FD-	254,000	314,000
74435K204 PRUDENTIAL PLC - ADR	15,552	16,352
74925K581 BOSTON P LNG/SHRT RE	131,828	146,926
756568101 RED ELECTRICA COR-UN	6,995	6,464
770323103 ROBERT HALF INTL INC
780641205 KONINKLIJKE KPN N.V.
78392U105 RYOHIN KEIKAKU CO-UN	5,800	12,580
79588J102 SAMPO OYJ-A SHS-UNSP	10,316	10,613
81783H105 SEVEN & I HOLDINGS C
82481R106 SHIRE PLC ADR	13,446	11,990
833034101 SNAP ON INC	10,521	9,460
83404D109 SOFTBANK GROUP CORP-
835699307 SONY CORPORATION - A	2,549	4,615
85771P102 STATOIL ASA ADR
862121100 STORE CAPITAL CORP
863667101 STRYKER CORP	12,900	24,537
86562M209 SUMITOMO TRUST AND B	10,109	10,164
870195104 SWEDBANK AB ADR
87155N109 SYMRISE AG ADR	4,239	6,402
87944W105 TELENOR ASA - ADR	7,380	6,980
891092108 TORO CO	9,897	11,484
919134304 VALEO - ADR	6,395	9,556
927320101 VINCI SA ADR	7,039	11,223
977868306 WOLSELEY PLC ADR
977874205 WOLTERS KLUWER NV -	6,888	12,933
G5960L103 MEDTRONIC PLC	29,406	32,197
N6596X109 NXP SEMICONDUCTORS N
015393101 ALFA LAVAL AB-UNSPON	3,803	6,287
02079K305 ALPHABET INC CL A	25,728	51,700
024835100 AMERICAN CAMPUS CMNT
05970D106 BANCA MEDIOLANUM SPA
172755100 CIRRUS LOGIC INC
19765Y688 COLUMB SEL LGE CAP G	237,868	270,275
20449X302 COMPASS GROUP PLC -
22822V101 CROWN CASTLE INTL CO
29444U700 EQUINIX INC
29977A105 EVERCORE INC	6,991	7,830
359694106 FULLER H B CO	6,931	6,856
398438408 GRIFOLS SA-ADR	3,555	4,431
40049J206 GRUPO TELEVISA, S.A.
452308109 ILLINOIS TOOL WORKS	13,641	21,411
526107107 LENNOX INTERNATIONAL	4,940	8,946
562750109 MANHATTAN ASSOCIATES	22,313	20,716
631512100 NASPERS LTD ADR
651229106 NEWELL BRANDS, INC	20,506	11,790
701491102 PARK24 CO LTD-SPN AD	4,642	4,518
71943U104 PHYSICIANS REALTY TR
758849103 REGENCY CENTERS CORP
759530108 RELX PLC ADR	4,359	5,667
783513203 RYANAIR HOLDINGS PLC	4,997	7,998
81768T108 SERVISFIRST BANCSHAR
84860W102 SPIRIT RLTY CAP INC
88031M109 TENARIS S.A. - ADR	2,639	3,662
929566107 WABASH NATL CORP	11,145	10,625
95040Q104 WELLTOWER INC
981560105 WORLDPAY GROUP PLC-U
N47279109 INTERXION HOLDING NV
002567105 ABAXIS INC	12,693	22,770
016255101 ALIGN TECHNOLOGY INC	6,430	20,581
038336103 APTARGROUP INC COM	6,146	7,386
04316A108 ARTISAN PARTNERS ASS	8,919	10,530
04530Y106 ASPEN PHARMACARE HL-	5,719	5,100
045327103 ASPEN TECHNOLOGY INC	9,940	23,408
049164205 ATLAS AIR WORLDWIDE	9,832	11,177
05278C107 AUTOHOME INC-ADR	9,706	52,978
05530H100 BBA AVIATION PLC-UNS	2,151	2,912
072743305 BAYERISCHE MOTOREN A	5,704	5,946
12514G108 CDW CORP/DE	14,526	29,218
19625X102 COLONY STARWOOD HOME
217204106 COPART INC COM	13,604	31,034
254709108 DISCOVER FINANCIAL S	27,936	34,714
257651109 DONALDSON CO INC	7,103	9,818
258278100 DORMAN PRODUCTS INC
262037104 DRIL-QUIP INC COM	17,138	15,760
29472R108 EQUITY LIFESTYLE PPT
344849104 FOOT LOCKER INC	16,041	15,327
34959J108 FORTIVE CORP	12,771	21,734
35138V102 FOX FACTORY HOLDING
36174X101 GGP INC
384109104 GRACO INC	9,899	17,434
40052P107 GRUPO FIN BANORTE-SP	4,703	5,194
404280406 HSBC - ADR	5,492	6,289
419879101 HAWAIIAN HOLDINGS IN	12,734	9,435
42225P501 HEALTHCARE TRUST OF
426281101 HENRY JACK & ASSOC I	7,877	11,506
43283X105 HILTON GRAND VACATIO
43300A203 HILTON WORLDWIDE HOL
444097109 HUDSON PACIFIC PROPE
44967H101 ILG INC	7,975	18,079
44980X109 IPG PHOTONICS CORP	7,071	16,648
45662N103 INFINEON TECHNOLOGIE	7,196	8,294
46187W107 INVITATION HOMES INC
482539103 KLX INC
49803T300 KITE REALTY GROUP TR
550021109 LULULEMON ATHLETICA
57060D108 MARKETAXESS HLDGS IN	10,331	15,596
577933104 MAXIMUS INC
58463J304 MEDICAL PPTYS TR INC
59410T106 MICHELIN (CGDE) ADR	8,197	8,014
62944T105 NVR INC COM	8,438	14,953
670837103 OGE ENERGY CORP COM
67103H107 O'REILLY AUTOMOTIVE	23,300	23,439
674599105 OCCIDENTAL PETE CORP	18,510	23,492
679580100 OLD DOMINION FREIGHT	12,920	28,697
700517105 PARK HOTELS & RESORT
73179P106 POLYONE CORP
73278L105 POOL CORPORATION	12,976	17,722
741511109 PRICESMART INC	10,115	9,481
74164M108 PRIMERICA INC	15,313	26,751
749607107 RLI CORP COM	6,130	6,043
75524B104 RBC BEARINGS INC	7,705	13,702
779919109 T ROWE PRICE REAL ES
81721M109 SENIOR HOUSING PROP
867224107 SUNCOR ENERGY INC NE	7,118	9,110
87901J105 TEGNA INC
879360105 TELEDYNE TECHNOLOGIE	13,298	27,801
88146M101 TERRENO REALTY CORP
88579Y101 3M CO	22,078	23,865
889110102 TOKYO ELECTRON LTD-U	2,912	5,047
89155H256 TOUCHSTONE SMALLLCAP
89417E109 TRAVELERS COMPANIES,	14,598	15,808
91324P102 UNITEDHEALTH GROUP I	24,004	32,845
92927K102 WABCO HOLDINGS INC	21,006	22,493
93148P102 WALKER & DUNLOP INC	8,068	10,775
969904101 WILLIAMS SONOMA INC
G87110105 TECHNIPFMC LTD	19,826	17,382
N22717107 CORE LABORATORIES N	7,070	7,202
000375204 ABB LTD - ADR	5,895	5,071
00373L102 ABN AMRO GROUP NV-UN	5,214	4,469
00912X302 AIR LEASE CORP	13,662	13,723
009158106 AIR PRODS & CHEMS IN	19,091	21,306
025676206 AMERICAN EQUITY INVT	12,357	15,877
132011107 CAMBREX CORP COM	11,052	9,060
189054109 CLOROX CO	22,753	20,783
192446102 COGNIZANT TECH SOLUT	17,001	15,748
20449X401 COMPASS GROUP PLC AD	8,724	10,529
23405X209 DAITO TRUST CONS-SPN	5,215	4,316
25157Y202 DEUTSCHE POST AG ADR	4,018	3,808
25470F104 DISCOVERY COMMUNICAT	6,068	5,631
277923728 EATON VANCE GLOBAL M	120,218	117,450
278265103 EATON VANCE CORP COM	11,978	11,728
28849P100 ELLIE MAE INC	13,360	15,093
29089Q105 EMERGENT BIOSOLUTION	14,335	15,468
29446M102 EQUINOR ASA-SPON ADR	2,914	4,725
298736109 EURONET WORLDWIDE IN	18,273	16,008
302081104 EXLSERVICE HOLDINGS	17,705	15,703
31502A105 FERGUSON PLC-ADR	5,971	8,827
372303206 GENMAB A/S -SP ADR	2,493	1,823
38143H381 GOLDMAN SACHS COMM S	155,000	161,690
389375106 GRAY TELEVISION INC	7,844	7,260
40415F101 HDFC BANK LTD. - ADR	4,485	5,427
45778Q107 INSPERITY INC	5,303	5,612
464287598 ISHARES RUSSELL 1000	454,503	471,732
46434V282 ISHARES EDGE MSCI MF	220,243	220,638
485537401 KAO CORP	4,434	5,510
493267108 KEYCORP NEW	23,651	22,356
49338L103 KEYSIGHT TECHNOLOGIE	8,844	10,926
52106N459 LAZARD GL LIST INFRA	85,000	89,525
54338V101 LONZA GROUP AG ADR	8,156	8,257
55273H353 MFS VALUE FUND-R6 #4	333,000	330,745
55306N104 MKS INSTRS INC	14,898	15,035
60786M105 MOELIS & CO	16,137	18,545
631512209 NASPERS LTD-N SHS SP	6,631	12,166
64115T104 NETSCOUT SYSTEMS INC	13,891	13,554
65557A206 NORDEA BANK AB-SPON	5,037	3,615
670108109 NOVOZYMES A/S UNSPON	4,666	4,591
686688102 ORMAT TECHNOLOGIES I	8,925	7,462
70959W103 PENSKE AUTO GROUP IN	13,854	14,012
737630103 POTLATCHDELTIC CORP	13,909	13,282
749660106 RPC INC	8,323	6,749
758750103 REGAL BELOIT CORPORA	13,375	13,507
76657Y101 RIGHTMOVE PLC-UNSP A	23,236	26,797
779919307 T ROWE PR REAL ESTAT	305,000	292,631
786584102 SAFRAN SA-UNSPON ADR	9,415	10,530
803431410 JAMES ALPHA GL REAL	90,000	94,187
87974R208 TEMENOS AG-SP ADR	6,335	6,518
880349105 TENNECO INC	11,542	8,527
89609H704 TRIBUTARY SMALL CO-I	120,000	121,849
90348R102 UBISOFT ENTERTAIN-UN	4,515	5,780
948596101 WEIBO CORP-SPON ADR	9,209	9,070
981811102 WORTHINGTON INDS INC	14,522	14,817
G29183103 EATON CORP PLC	30,535	30,632

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
GRA994205 GRAHAM ALT INV FD II	AT COST	176,504	178,482
GTY995004 GAI AGILITY INCOME F	AT COST	169,432	168,529
GTC997004 GAI CORBIN MULTI STR
SKY990RF9 SKYBRIDGE MULTI-ADVI
70299PGP6 PARTNERS GROUP PRIVA	AT COST	222,855	482,445
BIT990000 BLACKSTONE REAL ESTA	AT COST	175,000	175,000
GTC999HB8 GAI CORBIN FUND 5% H	AT COST	7,167	7,167
SKY99HB51 SKYBRIDGE MULTI-ADVI	AT COST	6,410	6,410

Description	Amount
MUTUAL FUND POSTING DATE AFTER TYE	2,300
POSTING AFTER TYE FULL REDEMPTION W/5%	1,453
74 SALES NET GAIN POSTING AFTER TYE	28,714
ROC ADJUST	7

Description	Amount
MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE	3,383
ST WASH SALES ADJUSTMENT	3,287
MUTUAL FUND DEFERRED INCOME	892
PRIOR YR BALANCE ADJUSTMENT	1,329

Category	Amount	Net Investment Income
FOREIGN TAXES	2,740	2,740
FEDERAL TAX PAYMENT - PRIOR YE	4,489	0
FEDERAL ESTIMATES - PRINCIPAL	5,720	0
FOREIGN TAXES ON QUALIFIED FOR	1,116	1,116
FOREIGN TAXES ON NONQUALIFIED	327	327