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.
bullet

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
THE SANDY RIVER CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)349 VOTER HILL RD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FARMINGTON, ME04938

A Employer identification number

52-2029911

B Telephone number (see instructions)

(610) 260-0689

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

$37,529,059J Accounting method: Cash Accrual
Other (specify)Modified Cash
(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	(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	477		477
4	Dividends and interest from securities...	821,141		821,141
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		645,480
b	Gross sales price for all assets on line 6a 19,702,547
7	Capital gain net income (from Part IV, line 2)...			645,480
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).......		601	601
12	Total. Add lines 1 through 11........	1,467,699		1,467,699
13	Compensation of officers, directors, trustees, etc.	42,289		4,229	38,060
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	5,991		599	5,392
16a	Legal fees (attach schedule).........		6,431	0	6,431
b	Accounting fees (attach schedule).......		33,593	3,359	30,234
c	Other professional fees (attach schedule)....		160,272	157,213	3,059
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		9,783	8,871	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	6,514		0	6,514
22	Printing and publications..........
23	Other expenses (attach schedule).......		13,948	9,395	4,553
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	278,821		183,666	94,243
25	Contributions, gifts, grants paid.......	1,390,120			1,390,120
26	Total expenses and disbursements. Add lines 24 and 25	1,668,941		183,666	1,484,363
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-201,242
b	Net investment income (if negative, enter -0-)			1,284,033
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	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.............	44,461	243,720	243,720
	2	Savings and temporary cash investments.........	1,720,684	1,610,469	1,610,469
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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) 5,985,030
		Less: allowance for doubtful accounts 0	5,685,983	5,985,030	5,985,030
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	2,116,231	1,827,155	1,827,155
	b	Investments—corporate stock (attach schedule).......	16,914,844	18,920,181	18,920,181
	c	Investments—corporate bonds (attach schedule).......	4,648,088	3,827,916	3,827,916
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,172,464	4,289,588	4,289,588
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	825,000	825,000	825,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	36,127,755	37,529,059	37,529,059
	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	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	36,127,755	37,529,059
	29	Total net assets or fund balances (see instructions).....	36,127,755	37,529,059
	30	Total liabilities and net assets/fund balances (see instructions).	36,127,755	37,529,059

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

36,127,755

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

-201,242

Other increases not included in line 2 (itemize) bullet

1,602,546

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

37,529,059

Decreases not included in line 2 (itemize) bullet

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

37,529,059

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
1 a	THE BLACKSTONE GROUP, LP (PASSTHROUGH)	P
b	PUBLICLY TRADED SECURITIES	P
c	PUBLICLY TRADED SECURITIES	P
d	COASTAL VENTURES IV LIMITED PARTNERSHIP K-1	P
e	TEEKAY LNG PARTNERS LP K-1	P
	COASTAL VENTURES II LIMITED PARTNERSHIP K-1	P
	COASTAL VENTURES III LIMITED PARTNERSHIP K-1	P
	COASTAL VENTURES LIMITED PARTNERSHIP K-1	P
	PATIENT CAPITAL COLLABORATIVE 11 LP K-1	P
	PATIENT CAPITAL COLLABORATIVE 09 LP K-1	P
	VANGUARD NATURAL RESOURCES LLC K-1	P
	PATIENT CAPITAL COLLABORATIVE 13 LP K-1	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a			958
b	16,743,495	16,842,893	-99,398
c	2,959,052	2,288,699	670,353
d			-87
e			-17
			15,838
			59,026
			13,871
			-3,145
			-166
			-7,909
			-3,844

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			958
b			-99,398
c			670,353
d			-87
e			-17
			15,838
			59,026
			13,871
			-3,145
			-166
			-7,909
			-3,844

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	645,480
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	2,112,471	33,580,845	0.062907
2017	2,582,242	33,746,263	0.076519
2016	1,857,814	36,862,973	0.050398
2015	2,209,324	36,017,794	0.061340
2014	1,526,100	34,627,602	0.044072

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

0.295236

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 ......

0.059047

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

35,793,670

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

2,113,509

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

12,840

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

2,126,349

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

1,484,363

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	25,681
	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	25,681
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	25,681
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	36,203
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	36,203
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	239
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	10,283
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax10,283	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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

SRCFOUNDATION.ORG

The books are in care of bullet

BALDWIN FAMILY OFFICE LLC Telephone no. bullet

(610) 260-0689

Located at bullet

100 FOUR FALLS CORP CENTER STE 202WEST CONSHOHOCKENPA ZIP+4 bullet

19428

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
ARCHIE W BERRY JR	PRESIDENT 1.00	0	0
100 FOUR FALLS CORP CTR STE 202 WEST CONSHOHOCKEN,PA19428	PRESIDENT 1.00	0	0
NATHANAEL W BERRY	VICE PRESIDENT / SECRETARY 24.00	42,289	5,991
100 FOUR FALLS CORP CTR STE 202 WEST CONSHOHOCKEN,PA19428	VICE PRESIDENT / SECRETARY 24.00	42,289	5,991
JON W BERRY	TREASURER 1.00	0	0
100 FOUR FALLS CORP CTR STE 202 WEST CONSHOHOCKEN,PA19428	TREASURER 1.00	0	0
NAN BERRY	DIRECTOR 1.00	0	0
100 FOUR FALLS CORP CTR STE 202 WEST CONSHOHOCKEN,PA19428	DIRECTOR 1.00	0	0
MARLA S BERRY	DIRECTOR 1.00	0	0
100 FOUR FALLS CORP CTR STE 202 WEST CONSHOHOCKEN,PA19428	DIRECTOR 1.00	0	0
SUPHAPORN V BERRY	DIRECTOR 1.00	0	0
100 FOUR FALLS CORP CTR STE 202 WEST CONSHOHOCKEN,PA19428	DIRECTOR 1.00	0	0

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	WESTERN MAINE COMMUNITY ACTIONDATE OF LOAN AGREEMENT - 4-1-2016FUNDING DATE - 10-05-20161% ANNUAL ON OUTSTANDING PRINCIPAL BALANCESPRINCIPAL REPAYMENT DUE IN FULL 5/1/2019	0
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...................

34,981,089

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

1,357,662

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

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

36,338,751

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

36,338,751

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

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

545,081

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

35,793,670

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

1,789,684

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

1,789,684

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

25,681

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

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

25,681

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

1,764,003

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

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

1,764,003

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

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

1,764,003

Part XII

Qualifying Distributions (see instructions)

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

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

1,484,363

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,484,363

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

1,484,363

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					1,764,003
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......
b From 2015......	336,867
c From 2016......	41,663
d From 2017......	823,291
e From 2018......
fTotal of lines 3a through e........		1,201,821
4Qualifying distributions for 2019 from Part
XII, line 4: $ 1,484,363
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.....					1,484,363
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2019.		279,640			279,640
(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		922,181
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) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		922,181
10 Analysis of line 9:
a Excess from 2015....	57,227
b Excess from 2016....	41,663
c Excess from 2017....	823,291
d Excess from 2018....
e Excess from 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 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 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)

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
A KIDS PLACE IN TAMPA BAY 1715 LILTHIA PINECREST ROAD BRANDON,FL33511	NONE	PUBLIC CHARITY	EXPANSION CHALLENGE	60,000
BUSINESS ALLIANCE FOR LOCAL LIVING ECON 23 BROADWAY OAKLAND,CA94612	NONE	PUBLIC CHARITY	GENERAL OPER	20,000
THE CARROT PROJECT CORP 89 SOUTH STREET SUITE 700 BOSTON,MA02111	NONE	PUBLIC CHARITY	BOSTON AREA DEVELOPMENT	40,000
CONFLUENCE PHILANTHROPY 436 14TH STREET OAKLAND,CA94612	NONE	PUBLIC CHARITY	GENERAL OPER	2,000
FAMILY AND CHILDREN'S ASSOCIATION 100 E OLD COUNTRY ROAD MINEOLA,NY11501	NONE	PUBLIC CHARITY	STEP UP TO SUCCESS	40,000
FARMINGTON AREA ECUMENICAL MINISTRY 227 MAIN STREET FARMINGTON,ME04938	NONE	PUBLIC CHARITY	HEAT DANCE MATCH	5,000
GOOD SHEPHERD FOOD BANK PO BOX 1807 AUBURN,ME04211	NONE	PUBLIC CHARITY	MAINE FEEDING MAINERS	100,000
HAWTHORNE VALLEY ASSOCIATION INC 327 COUNTY ROAD GHENT,NY12075	NONE	PUBLIC CHARITY	FARM ECOLOGY PROGRAM	60,000
HEALTH & WELFARE COUNCIL OF NASSAU COUNTY 150 BROADHOLLOW RD MELVILLE,NY11747	NONE	PUBLIC CHARITY	GENERAL OPER	75,000
HOLT INTERNATIONAL CHILDREN'S SERVICES 1195 CITY VIEW STREET EUGENE,OR97402	NONE	PUBLIC CHARITY	CHILD NUTRITION PROGRAM	200,000
INQUIRING SYSTEMS INC 21885 BONNESS RD SONOMA,CA95476	NONE	PUBLIC CHARITY	NE COFED FELLOW	45,000
INTERVALE CENTER 180 INTERVALE ROAD BURLINGTON,VT05401	NONE	PUBLIC CHARITY	GENERAL OPERATING	10,000
MIDDLE COUNTRY LIBRARY FOUNDATION INC 101 EASTWOOD BLVD CENTERREACH,NY117202745	NONE	PUBLIC CHARITY	GENERAL OPERATING	19,250
NEW HAMPSHIRE COMMUNITY LOAN FUND 7 WALL STREET CONCORD,NH03301	NONE	PUBLIC CHARITY	GENERAL OPERATING	50,000
OAK GROVE SCHOOL FOUNDATION 86 WINTHROP ST AUGUSTA,ME04330	NONE	PUBLIC CHARITY	CENTRAL MAINE MINI GRANT PROJECT	50,000
OREGON STATE UNIVERSITY 104 KERR ADMIN BUILDING CORVALLIS,OR97331	NONE	PUBLIC CHARITY	GENERAL OPERATING	15,000
PHILADELPHIA ZOO 3400 W GIRARD AVENUE PHILADELPHIA,PA19104	NONE	PUBLIC CHARITY	SUSTAINABLE MANAGER	85,000
PHILANTHROPY NEW YORK 79 FIFTH AVENUE NEW YORK,NY100033076	NONE	PUBLIC CHARITY	GENERAL OPERATING	2,370
SALVATION ARMY - NEW ENGLAND 297 CUMBERLAND AVENUE PORTLAND,ME04101	NONE	PUBLIC CHARITY	STAFF CABIN RENOVATION	75,000
SALVATION FARMS PO BOX 1174 MORRISVILLE,VT05661	NONE	PUBLIC CHARITY	GENERAL OPERATING	20,000
SLOW MONEY INSTITUTE INC PO BOX 2231 BOULDER,CO80306	NONE	PUBLIC CHARITY	GENERAL OPERATING	15,000
STROLLING OF THE HEIFERS INC 105 PARTRIDGE RD E DUMMERSTON,VT05346	NONE	PUBLIC CHARITY	FARM TO TABLE APPRENTICE	20,000
STROLLING OF THE HEIFERS INC 105 PARTRIDGE RD E DUMMERSTON,VT05346	NONE	PUBLIC CHARITY	WINDHAM GROVE MATCH	30,000
THE MAINE INITIATIVES INC 56 NORTH STREET SUITE 100 PORTLAND,ME04101	NONE	PUBLIC CHARITY	GENERAL OPERATING	20,000
THE NEW VENTURE FUND 16 W MISSION STREET SUITE M SANTA BARBARA,CA93101	NONE	PUBLIC CHARITY	GENERAL OPERATING	6,500
THIRD SECTOR NEW ENGLAND 2 BELMONT TERRACE SOMERVILLE,MA02143	NONE	PUBLIC CHARITY	MAINE FOOD STRATEGY PROJECT	17,000
TIDES CENTERNESAWG PO BOX 2247 KINGSTON,NY12402	NONE	PUBLIC CHARITY	GENERAL OPERATING	1,000
VERMONT LAND TRUST 8 BAILEY AVE MONTPELIER,VT05602	NONE	PUBLIC CHARITY	PINE ISLAND COMMUNITY FARM	20,000
VERMONT SUSTAINABLE JOBS FUNDS INC 3 PITKIN COURT SUITE 301 MONTPELIER,VT05602	NONE	PUBLIC CHARITY	GENERAL OPERATING	75,000
WAGNER FREE INSTITUTE OF SCIENCE 1700 MONTGOMERY AVE PHILADELPHIA,PA19121	NONE	PUBLIC CHARITY	GENERAL OPERATING	50,000
WESTERN MAINE COMMUNITY ACTION 20 A CHURCH STREET EAST WILTON,ME04234	NONE	PUBLIC CHARITY	KEEPING SENIOR HOME INITIATIVE	12,000
WESTERN MAINE ALLIANCE PO BOX 29 FARMINGTON,ME04938	NONE	PUBLIC CHARITY	GENERAL OPERATING	150,000
Total ................................. 3a				1,390,120

bApproved for future payment

Total ................................. 3b				0

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 ...........			14	477
4 Dividends and interest from securities....			14	821,141
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.....	900099		14	601
8 Gain or (loss) from sales of assets other than inventory ............			18	645,480
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		1,467,699	0

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

1,467,699

(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

- TIN:

TY 2017 AccountingFeesSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING/ADMIN/TAX FEES	33,593	3,359		30,234

- TIN:

TY 2017 InvestmentsCorpBondsSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FANNIE MAE 31359MGK3 110000	148,273	148,273
FANNIE MAE 3135G0T94 185000	182,082	182,082
FEDERAL HOME LN 3137EAEL9 170000	169,058	169,058
FEDERAL NATL MTG 3138EREA4 90000	94,655	94,655
FREDDIE MAC 3134A4KX1 160000	214,373	214,373
FANNIE MAE 3138ETPN0 9000	6,194	6,194
FANNIE MAE 3140J6EW3 290000	279,534	279,534
FEDERAL NATL MTG 3138ESAD0 386000	314,436	314,436
FEDERAL NATL MTG 3140J7RS6 50000	49,894	49,894
FEDERAL NATL MTG AS 3140J7MQ5 87000	84,685	84,685
FHLMC 2B5646 31326LHX6 6000	5,311	5,311
FHLMC A91953 3.1294E+2610000	1,784	1,784
FHLMC C0- 31292LHA6 38000	8,968	8,968
FHLMC G 3128M43K7 8000	242	242
FHLMC G 3128M6MW5 37000	880	880
FHLMC G 3128M8YE8 3000	450	450
FHLMC G 3128M93H3 5000	1,875	1,875
FHLMC G 3128M9Q47 39000	16,074	16,074
FHLMC G 3128M9XS6 98000	27,329	27,329
FHLMC G 3128M9YP1 76000	21,308	21,308
FHLMC G 31335AQ27 6000	3,773	3,773
FHLMC G 31335ATC2 3000	1,647	1,647
FHLMC G04263 3128M6B80 349000	10,413	10,413
FHLMC G07884 3128MACV9 5000	1,912	1,912
FHLMC G60020 31335AAV0 5000	2,614	2,614
FHLMC G60257 31335AJA7 5000	2,735	2,735
FHLMC G60260 31335AJD1 97000	54,778	54,778
FHLMC G60409 31335AN20 8000	4,827	4,827
FHLMC G60647 31335AWG9 5000	3,524	3,524
FHLMC G60672 31335AW95 5000	3,745	3,745
FHLMC G60737 31335AZA9 159000	121,885	121,885
FHLMC G60738 31335AZB7 76000	55,702	55,702
FHLMC G61024 31335BD52 4000	3,467	3,467
FHLMC G61160 31335BJD9 12000	10,781	10,781
FHLMC G61308 31335BNZ5 3000	3,115	3,115
FHLMC G61357 31335BQJ8 5000	5,469	5,469
FHLMC Z 3132FCC52 16000	8,480	8,480
FNMA 4.50% 30YR TBA POOL 01F042673 60000	62,550	62,550
FNMA PL 31409TUZ9 15000	1,042	1,042
FNMA PL 31410LNV0 1000	569	569
FNMA PL 190360 31368HMH3 38000	1,813	1,813
FNMA PL 725027 31402CPL0 402000	16,923	16,923
FNMA PL 788149 31405FTE2 812000	100,304	100,304
FNMA PL 889583 31410KJ47 105000	8,154	8,154
FNMA PL 889841 31410KS62 25000	1,480	1,480
FNMA PL 890362 31410LFB3 15000	5,861	5,861
FNMA PL 929187 31412MJ82 40000	2,770	2,770
FNMA PL 931557 31412P5S6 146000	31,950	31,950
FNMA PL 932388 31412Q2V0 25000	7,221	7,221
FNMA PL 995065 31416BMN5 305000	18,991	18,991
FNMA PL 995203 31416BRY6 129000	8,679	8,679
FNMA PL AB2894 31416YGC6 22000	6,506	6,506
FNMA PL AB2895 31416YGD4 75000	12,689	12,689
FNMA PL AB2896 31416YGE2 5000	863	863
FNMA PL AB2959 31416YJD1 10000	2,972	2,972
FNMA PL AC 31417QV68 12000	3,698	3,698
FNMA PL AC8444 31417VL27 1000	223	223
FNMA PL AC8517 31417VPB3 5000	916	916
FNMA PL AE0671 31419AW94 248000	27,515	27,515
FNMA PL AL 3138EM2F7 12000	4,501	4,501
FNMA PL AL 3138EPDL5 16000	7,605	7,605
FNMA PL AL2629 3138EJ4P0 46000	8,413	8,413
FNMA PL AL2903 3138EKGM1 10000	4,051	4,051
FNMA PL AL8325 3138ETHB5 23000	14,755	14,755
FNMA PL AL8484 3138ETNA0 97000	67,705	67,705
FNMA PL AL9053 3138ERBX7 10000	7,643	7,643
FNMA PL AL9570 3138ERT42 10000	8,276	8,276
FNMA PL AL9690 3138ERXU9 10000	8,682	8,682
FNMA PL AS3651 3138WDBV2 6000	3,183	3,183
FNMA PL AS7198 3138WG7L2 5000	3,926	3,926
FNMA PL AS7566 3138WHMQ2 5000	3,899	3,899
FNMA PL AW1014 3138XQDU2 30000	12,068	12,068
FNMA PL BC 3140EY7B1 3000	1,804	1,804
FNMA PL BF0174 3140FXFQ0 162000	147,022	147,022
FNMA PL BM1886 3140J6CY1 254000	242,157	242,157
FNMA PL BM3617 3140J8AT0 160000	164,954	164,954
FNMA PL CA0522 3140Q7SL2 293000	275,690	275,690
FNMA PL MA2956 31418CJA3 185000	167,092	167,092
FNMA TBA 01F030678 107000	103,660	103,660
FNMA TBA 3.5% 30 YRTBA POOL 01F032674 288000	286,920	286,920
GNMA PL 782786 36241LCX2 20000	6,253	6,253
GNMA PL AR8429C 36193FLJ4 2000	1,054	1,054
GNMA PL AS6771C 36193SQY8 3000	1,126	1,126
GNMA PL MA3602M 36179SAB3 5000	2,418	2,418
GNMA PL MA3940M 36179SLV7 25000	15,612	15,612
GNMA PL MA4074M 36179SQ34 7000	4,766	4,766
GNMA PL MA4201M 36179SU21 4000	2,720	2,720

- TIN:

TY 2017 InvestmentsCorpStockSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M COMPANY MMM 600	118,338	118,338
ABBOTT LABORATORIES ABT 1000	61,530	61,530
ABBVIE INC ABBV 1000	98,940	98,940
ADIDAS ADDYY 750	85,343	85,343
ALLERGAN PLC AGN 552	83,242	83,242
ALPHABET INC CLASS A GOOGL 50	55,000	55,000
ALPHABET INC CLASS C GOOG 50	54,250	54,250
ALTABA INCORPORATED AABA 40	3,086	3,086
AMAZON.COM INC AMZN 40	65,185	65,185
AMERICAN TOWER REIT AMT 1000	138,370	138,370
ANDEAVOR ANDV 2500	361,075	361,075
APPLE COMPUTER INC AAPL 1750	327,023	327,023
AUTODESK INC ADSK 800	103,280	103,280
AXA ADS AXAHY 2050	51,496	51,496
BAYER A G SPONSORED ADR BAYRY 4952	148,263	148,263
BEIJING ENTERPRISES WATER GROUP LTD BJWTF 113534	68,469	68,469
BERKSHIRE HATHAWAY CL A BRK'A 15	4,308,000	4,308,000
BLACKROCK INC BLK 400	213,692	213,692
BOEING CO BA 100	35,216	35,216
BRAZIL FOODS S A ADR BRFS 3500	20,230	20,230
BROADCOM LIMITED AVGO 125	31,509	31,509
BROOKFIELD RENEWABLE PARTNERS LP BEP 2500	77,300	77,300
CARNIVAL CORP CCL 2055	127,985	127,985
CHECK POINT SOFTWARE TECHNOLOGIES CHKP 3100	301,816	301,816
CH ROBINSON WORLDWIDE INC CHRW 950	82,650	82,650
CHINA MOBILE (HK) 0941.HK 7500	66,930	66,930
CISCO SYSTEMS INC CSCO 10000	427,100	427,100
CK ASSET HOLDINGS LTD CHKGF 6000	50,108	50,108
CK HUTCHISON HOLDINGS LTD CKHUF 6000	67,741	67,741
CONOCOPHILLIPS COP 6400	431,296	431,296
COSTCO WHOLESALE CORPORATION COST 300	59,472	59,472
CTRIP.COM INTL LTD CTRP 1600	72,144	72,144
DANAHER CORP DHR 2000	198,560	198,560
DANONE SPON ADR DANOY 1400	21,497	21,497
EOG RESOURCES INC EOG 500	58,905	58,905
FACEBOOK INC FB 500	95,890	95,890
FANUC CORPORATION FANUY 2500	52,863	52,863
FIRST TR ISE CLOUD COMP ETF SKYY 1000	52,290	52,290
FMC CORP FMC 300	26,127	26,127
FORTIVE CORP FTV 1000	72,690	72,690
GENERAL DYNAMICS CORP GD 400	80,684	80,684
GOLDMAN SACHS GROUP INC GS 500	112,940	112,940
HSBC PLC SPON ADR HSBC 975	47,171	47,171
ICICI BANK LTD ADR IBN 9900	83,061	83,061
INFOSYS TECHNOLOGIES LTD INFY 10600	192,814	192,814
INTEL CORP INTC 6000	331,200	331,200
ISHARES FRONTIER FUND FM 3100	93,713	93,713
ITAU UNIBANCO MULTIPLO ADR ITUB 8132	93,925	93,925
J.P. MORGAN CHASE & CO JPM 900	96,309	96,309
KOMATSU LTD ADR NEW KMTUY 5200	170,066	170,066
LAS VEGAS SANDS CORP LVS 1100	88,671	88,671
MARRIOTT VACATIONS VAC 300	36,072	36,072
MARSH & MCLENNAN CO INC MMC 500	40,185	40,185
MASTERCARD INC MA 500	95,060	95,060
MAXLINEAR INC MXL 5000	91,750	91,750
MC CORMICK & CO INC N-VT MKC 200	20,200	20,200
METTLER TOLEDO INTL INC MTD 1147	631,699	631,699
MICROSOFT CORP. MSFT 5000	494,200	494,200
NIKE INC NKE 900	64,620	64,620
NOBLE ENERGY INC NBL 900	32,130	32,130
NORFOLK SOUTHERN CORP NSC 3000	454,950	454,950
NOVARTIS A G SPON ADR NVS 2036	151,723	151,723
NOVO NORDISK NVO 2500	118,850	118,850
NUTRIEN LTD NTR 720	36,468	36,468
NXP SEMICONDUCTORS N.V. NXPI 800	91,200	91,200
ON SEMICONDUCTOR CO ON 2000	50,260	50,260
PDC ENERGY INC PDCE 3000	181,470	181,470
PETROLEO BRASILEIRO ADR PBR 1120	13,283	13,283
PHILLIPS 66 PSX 4000	465,960	465,960
PROCTER & GAMBLE CO. PG 1000	73,170	73,170
PROGRESSIVE CORP PGR 1500	93,135	93,135
PRUDENTIAL FINANCIAL INC PRU 475	45,999	45,999
PT INDOCEMENT TUNGGAL PRAKARSA PITPF 40000	50,756	50,756
QUALCOMM INC QCOM 10000	581,200	581,200
ROYAL DUTCH SHELL A ADRF RDSA 2100	146,118	146,118
RYANAIR HOLDINGS PLC RYAAY 2193	254,191	254,191
SCHLUMBERGER LTD SLB 5545	380,775	380,775
SHIP FINANCE INTL SFL 4951	70,552	70,552
SHIRE PLC ADR SHPG 1000	164,240	164,240
SHOPIFY INC SHOP 500	74,045	74,045
SPDR GOLD TRUST GLD 1000	123,100	123,100
SYMANTEC CORP SYMC 14000	290,920	290,920
TAIWAN SEMICONDUCTOR MFG CO LTD SPON ADR TSM 8634	334,136	334,136
TAKE TWO INTERACTIVE SOFTWARE INC TTWO 12000	1,344,960	1,344,960
TAL EDUCATION GROUP TAL 7950	337,557	337,557
TATA MOTORS LTD TTM 6462	134,927	134,927
TEEKAY LNG PRTNS TGP 2000	34,600	34,600
TIDEWATER INC NEW TDW 95	2,752	2,752
TIDEWATER INC NEW 23 WTS TDDTW 167	504	504
TIDEWATER INC NEW 23 WTS TDWTW 154	548	548
TIFFANY & CO TIF 450	58,851	58,851
TOWNGAS CHINA CO ORD TGASF 90000	88,358	88,358
TRACTOR SUPPLY COMPANY TSCO 3000	222,930	222,930
VALE S.A. VALE 3925	53,380	53,380
VALERO ENERGY CORP VLO 2000	242,400	242,400
VERIZON COMMUNICATIONS VZ 591	28,173	28,173
VISA INC. V 1200	156,864	156,864
VODAFONE GROUP PLC VOD 1227	31,816	31,816
WAL-MART DE MEXICO CV SPN ADR CL V WMMVY 3850	96,289	96,289
ZOETIS INC ZTS 2000	167,400	167,400

- TIN:

TY 2017 InvestmentsGovtObligationsSch

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

US Government Securities - End of Year Book Value:

1,827,155

US Government Securities - End of Year Fair Market Value:

1,827,155

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

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

- TIN:

TY 2017 InvestmentsOtherSchedule2

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
STEINER FOUNDATION	AT COST	1,903,105	1,903,105
COASTAL VENTURES LP II	AT COST	296,991	296,991
COASTAL VENTURES, LP III	AT COST	173,444	173,444
COASTAL VENTURES LP IV	AT COST	94,490	94,490
VSJF FLEX CAPITAL FUND	AT COST	244,957	244,957
PATIENT CAPITAL COLLAB. '11	AT COST	17,654	17,654
PATIENT CAPITAL COLLAB. 13	AT COST	110,150	110,150
PATIENT CAPITAL COLLABORATIVE ' 09	AT COST	30,951	30,951
SERIES SEED CONVERTIBLE PREFERRED	AT COST	135,000	135,000
FULL SUN CONVERTIBLE PREFERRED	AT COST	93,499	93,499
ACCION FRONTIER INCLUSION FUND	AT COST	745,014	745,014
WHITETHORNE LLC	AT COST	444,333	444,333

- TIN:

TY 2017 LegalFeesSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	6,431	0		6,431

- TIN:

TY 2017 OtherAssetsSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
CEI INVESTMENT NOTES (PRI)	50,000	50,000	50,000
SOMERSET ECONOMIC DEVELOPMENT CORP NOTES (PRI)	150,000	150,000	150,000
THIRD SECTOR NEW ENGLAND NOTES (PRI)	150,000	150,000	150,000
THIRD SECTOR NEW ENGLAND NOTES (PRI)	150,000	150,000	150,000
COMMUNITY CONCEPTS FINANCE CORPORATION	250,000	250,000	250,000
WESTERN MAINE COMMUNITY ACTION (PRI)	75,000	75,000	75,000

- TIN:

TY 2017 OtherExpensesSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK FEES	20	0	20
DUES/MEMBERSHIP FEES	4,500	0	4,500
SUPPLIES	33	0	33
BROOKFIELD RENEWABLE PARTNERS LP (FROM K-1)	78	78	0
POWERSHARES DB AGRICULTURE FUND (FROM K-1)	2,060	2,060	0
VANGUARD NATURAL RESOURCES, LLC (ALLOCATED FROM K-1)	7,257	7,257	0

- TIN:

TY 2017 OtherIncomeSchedule2

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
BLACKSTONE GROUP LP	601	601	601
VSJF FLEXIBLE CAPITAL FUND (PASSIVE)	16,914	16,914	16,914
COASTAL VENTURES LP (LOSS ALLOWED - PAL LIMITATIONS)	-110	-110	-110
COASTAL VENTURES II LP (LOSS ALLOWED - PAL LIMITATIONS)	-52	-52	-52
CEI COMMUNITY VENTURES FUND, LP (LOSS ALLOWED - PAL LIMITATIONS)	-9,066	-9,066	-9,066
PATIENT CAPITAL COLLABORATIVE, 11 LP (LOSS ALLOWED - PAL LIMITATIONS)	-89	-89	-89
COASTAL VENTURES III LP (LOSS ALLOWED - PAL LIMITATIONS)	-2,366	-2,366	-2,366
PATIENT CAPITAL COLLABORATIVE, 09 LP (LOSS ALLOWED - PAL LIMITATIONS)	-58	-58	-58
RSF MEZZANINE FUND, LP LOSS ALLOWED	-4,446	-4,446	-4,446
PATIENT CAPITAL COLLABORATIVE, 13 LP (LOSS ALLOWED - PAL LIMITATIONS)	-489	-489	-489
COASTAL VENTURES IV LP (LOSS ALLOWED - PAL LIMITATIONS)	-238	-238	-238

- TIN:

TY 2017 OtherIncreasesSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Description	Amount
CHANGE IN UNREALIZED APPRECIATION	1,602,546

- TIN:

TY 2017 OtherProfessionalFeesSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES (SCHWAB ACCOUNTS)	113,285	113,285	0
RSF MEZZANINE FUND, LP (PORTFOLIO DEDUCTIONS)	1,269	1,269	0
ACCION FRONTIER INCLUSION FUND PORTFOLIO EXPENSES	42,617	42,617	0
POWERSHARES DB AGRICULTURE FUND	0	0	0
VANGUARD NATURAL RESOURCES LLC	0	0	0
THE BLACKSTONE GROUP LP	42	42	0
CONSULTANTS	3,059	0	3,059

- TIN:

TY 2017 TaxesSchedule

Name:

THE SANDY RIVER CHARITABLE FOUNDATION

EIN:

52-2029911

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	8,871	8,871		0
STATE TAXES	912	0		0