Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
SAMUEL L PHILLIPS FAMILY FDN
 
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

56-2225556
B Telephone number (see instructions)

(800) 352-3705
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$12,425,633J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 296,681 293,779  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 72,903
b Gross sales price for all assets on line 6a 2,680,681
7 Capital gain net income (from Part IV, line 2)... 72,903
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).......      
12 Total. Add lines 1 through 11........ 369,584 366,682  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,000     30,000
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)....... Click to see attachment 1,000 0 0 1,000
c Other professional fees (attach schedule).... Click to see attachment 90,635 90,635   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,837 4,759   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)....... Click to see attachment 14,148 213   13,935
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 153,620 95,607 0 44,935
25 Contributions, gifts, grants paid....... 595,925 595,925
26 Total expenses and disbursements. Add lines 24 and 25 749,545 95,607 0 640,860
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -379,961
b Net investment income (if negative, enter -0-) 271,075
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,143 603 603
2 Savings and temporary cash investments......... 939,440 823,450 823,450
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,144,238 Click to see attachment6,629,365 7,917,979
c Investments—corporate bonds (attach schedule)....... 3,196,367 Click to see attachment3,438,000 3,323,102
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 260,000 Click to see attachment277,254 360,499
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,543,188 11,168,672 12,425,633
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 11,543,188 11,168,672
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 11,543,188 11,168,672
31 Total liabilities and net assets/fund balances (see instructions). 11,543,188 11,168,672
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,543,188
2
Enter amount from Part I, line 27a .....................
2
-379,961
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
18,822
4
Add lines 1, 2, and 3 ..........................
4
11,182,049
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
13,377
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
11,168,672
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 25. AFFILIATED MANAGERS GROUP, INC COM   2016-01-22 2018-04-09
b 12. AIR PRODS & CHEMS INC COM   2017-12-06 2018-07-26
c 4. AIR PRODS & CHEMS INC COM   2017-07-27 2018-08-17
d 5. AIR PRODS & CHEMS INC COM   2016-11-08 2018-08-29
e 1. ALPHABET INC CL C   2015-09-04 2018-01-24
16. AMERIPRISE FINL INC   2015-09-14 2018-01-24
5. AMERIPRISE FINL INC   2018-08-08 2018-12-21
19. AMERIPRISE FINL INC   2016-06-21 2018-12-21
8. APPLE INC   2015-09-04 2018-07-24
5. ASHTEAD GROUP PLC-UNSPON ADR   2016-09-20 2018-09-06
10. AUTODESK INC   2016-07-15 2018-08-01
5. AUTODESK INC   2016-07-15 2018-09-17
5. AUTODESK INC   2016-07-15 2018-11-15
20. BAYER AG ADR- RIGHTS DEEMED 7/15/18   2016-12-12 2018-07-02
80. BAYER AG - ADR   2016-12-12 2018-07-30
3. BOEING CO   2015-09-04 2018-01-24
41. BRITISH AMERICAN TOBACCO P.L.C - ADR   2016-09-20 2018-11-20
43. BRITISH AMERICAN TOBACCO P.L.C - ADR   2016-09-20 2018-11-28
24. BROOKFIELD ASSET MANAGE-CL A   2018-05-10 2018-09-17
12. BROOKFIELD ASSET MANAGE-CL A   2018-02-05 2018-10-05
12. BROOKFIELD ASSET MANAGE-CL A   2016-07-15 2018-11-15
10. BROOKFIELD ASSET MANAGE-CL A   2018-04-02 2018-11-15
.5 BROWN FORMAN CORP CL B   2017-05-10 2018-03-16
2.25 BROWN FORMAN CORP CL B   2016-11-29 2018-04-02
5.75 BROWN FORMAN CORP CL B   2017-05-10 2018-04-02
19. CARLSBERG AS-B-SPON ADR   2017-08-24 2018-05-18
22. CARLSBERG AS-B-SPON ADR   2016-09-20 2018-05-18
31. CISCO SYSTEMS INC   2016-04-26 2018-03-06
31. CISCO SYSTEMS INC   2017-05-22 2018-10-01
27. CITIGROUP INC.   2015-09-04 2018-08-08
6. COGNIZANT TECH SOLUTIONS CRP COM   2016-03-16 2018-07-17
9. COLFAX CORPORATION   2018-09-17 2018-12-20
5. COLFAX CORPORATION   2016-07-15 2018-12-20
72. COMCAST CORP CLASS A   2015-09-04 2018-07-12
27. COMCAST CORP CLASS A   2015-09-04 2018-12-21
13. CONTINENTAL AG-SPONS ADR   2016-09-20 2018-04-19
34. CONTINENTAL AG-SPONS ADR   2016-10-20 2018-08-23
101. CONVATEC GROUP PLC-UNSP ADR   2017-07-20 2018-01-10
20. DAIWA HOUSE IND LTD ADR   2016-09-20 2018-03-06
35. DAIWA HOUSE IND LTD ADR   2016-09-20 2018-11-21
20. DENTSPLY SIRONA INC   2017-06-08 2018-09-17
44. DENTSPLY SIRONA INC   2017-07-27 2018-10-05
53. DENTSPLY SIRONA INC   2017-09-21 2018-10-11
10. DEUTSCHE POST AG ADR   2017-11-21 2018-01-29
39. DEUTSCHE POST AG ADR   2017-08-10 2018-06-11
4. DOLLAR GENERAL CORP   2018-06-22 2018-12-20
20. DOLLAR TREE INC   2016-07-15 2018-05-10
7. DOLLAR TREE INC   2016-07-15 2018-05-25
31. DOLLAR TREE INC   2016-07-15 2018-06-22
5. ECOLAB INC   2016-07-15 2018-05-10
3. ECOLAB INC   2016-07-15 2018-06-22
5. ECOLAB INC   2016-07-15 2018-07-26
20. FANUC CORPORATION ADR   2016-09-20 2018-01-17
56. FANUC CORPORATION ADR   2016-09-20 2018-01-24
.7367 FERGUSON PLC-ADR   2016-09-20 2018-06-20
5. FIDELITY NATL INFORMATION SVCS INC   2016-07-15 2018-03-20
9. FIDELITY NATL INFORMATION SVCS INC   2016-07-15 2018-04-02
7. FIDELITY NATL INFORMATION SVCS INC   2016-07-15 2018-05-10
5. FIDELITY NATL INFORMATION SVCS INC   2016-07-15 2018-05-25
8. FIDELITY NATL INFORMATION SVCS INC   2016-07-15 2018-06-22
10. FIDELITY NATL INFORMATION SVCS INC   2016-07-15 2018-07-26
7. FIDELITY NATL INFORMATION SVCS INC   2016-07-15 2018-08-01
31. FOREST CITY REALTY TRUST-A   2016-07-15 2018-03-20
28. FOREST CITY REALTY TRUST-A   2016-07-15 2018-04-02
15. FOREST CITY REALTY TRUST-A   2016-07-15 2018-04-17
45. FOREST CITY REALTY TRUST-A   2016-07-15 2018-09-17
27. FRESENIUS SE & CO-SPN ADR   2016-09-20 2018-10-18
20. FRESENIUS SE & CO-SPN ADR   2018-06-27 2018-10-18
111. FRESENIUS SE & CO-SPN ADR   2016-09-20 2018-12-11
2128.306 GATEWAY FUND - Y #1986   2017-10-03 2018-08-15
1902.924 HARBOR INTERNATION FD INST #2011   2016-02-25 2018-08-15
7. INTUIT COM   2016-07-15 2018-05-10
9. INTUIT COM   2016-07-15 2018-05-25
4. INTUIT COM   2016-07-15 2018-06-22
5. INTUIT COM   2016-07-15 2018-07-26
5. JPMORGAN CHASE & CO   2015-09-04 2018-07-17
163. KDDI CORP-UNSPONSORED ADR   2016-09-20 2018-10-02
9. LEUCADIA NATL CORP COM   2016-07-15 2018-02-05
12. LEUCADIA NATL CORP COM   2016-07-15 2018-02-22
13. LEUCADIA NATL CORP COM   2016-07-15 2018-04-02
14. LIBERTY BROADBAND CORP   2016-07-15 2018-05-25
9. LIBERTY EXPEDIA HOLDINGS INC   2016-07-15 2018-11-15
5. ELI LILLY & CO COM   2016-10-03 2018-10-30
7. LOEWS CORP   2016-07-15 2018-02-05
7. LOEWS CORP   2016-07-15 2018-02-22
3. LOEWS CORP   2016-07-15 2018-03-20
19. LOEWS CORP   2016-07-15 2018-04-02
19. LOEWS CORP   2016-07-15 2018-04-17
27. LOEWS CORP   2016-07-15 2018-05-10
6. LOEWS CORP   2016-07-15 2018-06-22
4. M & T BANK CORPORATION COM   2016-07-15 2018-03-20
5. M & T BANK CORPORATION COM   2016-07-15 2018-05-10
9. MACQUARIE INFRASTRUCTURE CORPORATION   2016-07-15 2018-04-17
32. MACQUARIE INFRASTRUCTURE CORPORATION   2016-07-15 2018-05-10
16. MAKITA CORPORATION - ADR   2016-09-20 2018-04-20
70. MANULIFE FINANCIAL CORP   2015-12-18 2018-10-01
20. MCKESSON CORP   2015-09-04 2018-07-17
5. MERCK & CO INC NEW   2016-04-26 2018-10-30
28. MICHELIN (CGDE) ADR   2018-02-20 2018-08-29
3. MICHELIN (CGDE) ADR   2017-06-22 2018-08-29
9. MICROSOFT CORP   2016-04-26 2018-07-24
6. MICROCHIP TECHNOLOGY INC COM   2016-07-15 2018-02-05
7. MOHAWK INDS INC COM   2016-07-15 2018-12-20
8. MOODYS CORP   2016-07-15 2018-08-01
5. MOODYS CORP   2016-07-15 2018-08-17
4. MOODYS CORP   2016-07-15 2018-08-29
10. MOODYS CORP   2016-07-15 2018-09-17
10. MOODYS CORP   2016-07-15 2018-10-05
3. MOODYS CORP   2016-07-15 2018-12-20
7. MOTOROLA SOLUTIONS, INC.   2016-07-15 2018-01-12
5. MOTOROLA SOLUTIONS, INC.   2016-07-15 2018-02-05
8. NIKE INC CL B   2017-10-30 2018-12-21
4. O'REILLY AUTOMOTIVE INC   2016-07-15 2018-12-20
6. PNC FINANCIAL SERVICES GROUP   2015-09-04 2018-10-01
12747.755 PRINCIPAL PREFERRED SEC-INS #4929   2017-09-08 2018-05-22
13880.597 PRINCIPAL PREFERRED SEC-R6 #8200   2017-09-08 2018-12-03
10. PROGRESSIVE CORP OHIO   2018-05-10 2018-09-17
7. PROGRESSIVE CORP OHIO   2017-03-01 2018-10-05
43. RELX PLC ADR   2016-09-20 2018-01-24
5. ROPER TECHNOLOGIES INC   2016-07-15 2018-08-17
5. ROPER TECHNOLOGIES INC   2016-07-15 2018-12-20
12. ROSS STORES INC   2016-07-15 2018-07-26
19. ROSS STORES INC   2016-07-15 2018-08-01
10. ROSS STORES INC   2016-07-15 2018-08-29
16. ROSS STORES INC   2016-07-15 2018-10-05
22. ROSS STORES INC   2016-07-15 2018-11-15
18. ROSS STORES INC   2017-07-27 2018-12-20
7095.15 T ROWE PR REAL ESTATE-I #432   2016-06-29 2018-10-19
395. KONINKLIJKE KPN N.V. - ADR   2016-09-20 2018-02-14
5. S&P GLOBAL INC   2016-07-15 2018-07-26
5. S&P GLOBAL INC   2016-07-15 2018-08-01
5. S&P GLOBAL INC   2016-07-15 2018-08-29
4. S&P GLOBAL INC   2016-07-15 2018-11-15
7. S&P GLOBAL INC   2016-07-15 2018-12-20
1098. SPDR GOLD TRUST   2018-02-01 2018-05-22
960. SPDR DJ WILSHIRE INTERNATIONAL REAL   2015-05-13 2018-02-01
1154. SPDR DJ WILSHIRE INTERNATIONAL REAL   2015-05-13 2018-10-02
7150. SPDR DJ WILSHIRE INTERNATIONAL REAL   2015-05-13 2018-10-19
60. SCHLUMBERGER LTD   2017-08-18 2018-11-21
18. SCHLUMBERGER LTD   2018-01-24 2018-11-21
5. SHERWIN WILLIAMS CO   2017-08-09 2018-08-17
4. SHERWIN WILLIAMS CO   2017-03-27 2018-09-17
6. SHERWIN WILLIAMS CO   2016-09-15 2018-10-11
6. SHIRE PLC ADR   2016-09-20 2018-09-06
4. SHIRE PLC ADR   2016-09-20 2018-11-29
19. SHIRE PLC ADR   2017-04-20 2018-12-17
22. SONY CORPORATION - ADR   2016-09-20 2018-01-29
38. SONY CORPORATION - ADR   2016-09-20 2018-09-21
12. SPIRIT AEROSYTSEMS HOLD-CL A   2016-10-03 2018-01-24
37. STATOIL ASA ADR   2016-11-04 2018-04-17
16. SUNCOR ENERGY INC NEW F   2015-09-04 2018-04-09
6. TJX COMPANIES INC   2015-09-04 2018-10-01
17. TOKYO ELECTRON LTD-UNSP ADR   2017-03-27 2018-04-19
42. TOKYO ELECTRON LTD-UNSP ADR   2017-03-27 2018-07-03
22. UNILEVER PLC - ADR   2016-09-20 2018-05-16
4. UNION PACIFIC CORP   2015-10-27 2018-07-24
7. UNION PACIFIC CORP   2015-10-27 2018-10-01
3. UNITED PARCEL SERVICE-CL B   2017-03-24 2018-10-30
8. UNITEDHEALTH GROUP INC   2015-09-04 2018-03-06
32. VALEO - ADR   2016-09-20 2018-10-04
87. VALEO - ADR   2016-11-18 2018-11-02
3927. VANGUARD TOTAL BOND MARKET ETF   2009-05-05 2018-02-08
766. VANGUARD REAL ESTATE ETF   2016-01-22 2018-02-01
1090. VANGUARD REAL ESTATE ETF   2016-01-22 2018-10-02
2936. VANGUARD REAL ESTATE ETF   2014-03-04 2018-10-19
5. VERISIGN INC COM   2016-07-15 2018-02-05
5. VERISK ANALYTICS INC   2016-07-15 2018-01-12
42. VINCI SA ADR   2016-09-20 2018-09-06
56389.18 WESTERN ASSET INTERM BOND FND-I #224   2016-02-25 2018-12-06
21. WOLTERS KLUWER NV - ADR   2016-09-20 2018-11-07
6. AON PLC   2016-07-15 2018-05-10
8. AON PLC   2016-07-15 2018-05-25
14. AON PLC   2016-07-15 2018-06-22
4. AON PLC   2016-07-15 2018-07-26
5. AON PLC   2016-07-15 2018-08-01
5. AON PLC   2016-07-15 2018-08-17
6. AON PLC   2016-07-15 2018-10-05
5. AON PLC   2016-07-15 2018-11-15
6. AON PLC   2016-07-15 2018-12-20
21. AXALTA COATING SYSTEMS LTD   2016-08-11 2018-04-02
7. AXALTA COATING SYSTEMS LTD   2016-07-28 2018-04-18
10. LIBERTY GLOBAL PLC-A   2016-07-15 2018-03-20
4. WHITE MTNS INS GROUP   2016-10-18 2018-04-18
16. SENSATA TECHNOLOGIES HOLDING   2016-07-15 2018-02-05
14. SENSATA TECHNOLOGIES HOLDING   2016-07-15 2018-02-22
6. SENSATA TECHNOLOGIES HOLDING   2016-07-15 2018-03-20
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,441   3,937 504
b 1,948   1,806 142
c 665   556 109
d 841   684 157
e 1,174   600 574
2,878   1,737 1,141
505   707 -202
1,918   2,010 -92
1,542   873 669
604   318 286
1,274   582 692
736   291 445
646   291 355
33     33
2,221   2,012 209
1,006   388 618
1,432   2,565 -1,133
1,506   2,690 -1,184
1,021   994 27
524   474 50
522   423 99
435   391 44
28   20 8
119   84 35
304   227 77
422   434 -12
489   412 77
1,372   835 537
1,518   888 630
1,973   1,363 610
495   353 142
182   319 -137
101   144 -43
2,475   2,003 472
922   751 171
701   549 152
1,232   1,377 -145
1,057   1,699 -642
726   523 203
1,063   915 148
761   1,278 -517
1,588   2,767 -1,179
1,899   3,277 -1,378
479   447 32
1,387   1,567 -180
405   402 3
1,858   1,894 -36
668   663 5
2,697   2,935 -238
738   604 134
418   362 56
714   604 110
584   332 252
1,574   928 646
6   4 2
500   384 116
849   691 158
734   537 197
518   384 134
863   614 249
1,092   768 324
720   537 183
639   733 -94
551   662 -111
304   355 -51
1,129   1,057 72
473   533 -60
350   402 -52
1,258   2,192 -934
72,171   70,000 2,171
120,817   117,500 3,317
1,358   803 555
1,773   1,033 740
826   459 367
1,090   574 516
551   305 246
2,238   2,448 -210
229   160 69
299   213 86
284   230 54
995   867 128
369   331 38
539   403 136
348   288 60
350   288 62
154   123 31
915   782 133
968   782 186
1,398   1,111 287
293   247 46
758   475 283
929   594 335
355   617 -262
1,248   2,296 -1,048
726   563 163
1,256   1,032 224
2,695   3,811 -1,116
360   280 80
677   845 -168
73   80 -7
967   463 504
555   314 241
812   1,389 -577
1,370   825 545
856   516 340
705   413 292
1,771   1,032 739
1,615   1,032 583
409   309 100
674   472 202
520   337 183
582   440 142
1,330   1,102 228
818   523 295
128,115   133,087 -4,972
132,837   144,913 -12,076
685   623 62
495   272 223
985   826 159
1,485   857 628
1,318   857 461
1,056   696 360
1,642   1,103 539
959   580 379
1,517   928 589
2,101   1,277 824
1,394   1,033 361
191,782   200,000 -8,218
1,238   1,288 -50
1,063   578 485
991   578 413
1,024   578 446
709   462 247
1,159   809 350
134,459   140,138 -5,679
39,902   42,822 -2,920
43,529   51,476 -7,947
265,370   305,885 -40,515
2,856   4,452 -1,596
857   1,415 -558
2,215   1,645 570
1,876   1,213 663
2,488   1,685 803
1,008   1,241 -233
691   827 -136
3,235   3,544 -309
1,070   714 356
2,179   1,233 946
1,198   543 655
937   599 338
581   420 161
676   424 252
791   448 343
1,749   1,106 643
1,210   1,021 189
569   371 198
1,150   641 509
318   315 3
1,807   895 912
601   880 -279
1,449   2,388 -939
313,295   300,867 12,428
60,093   54,449 5,644
86,983   83,272 3,711
228,917   188,896 40,021
559   419 140
484   426 58
979   788 191
596,034   622,000 -25,966
1,211   891 320
860   663 197
1,136   884 252
1,921   1,547 374
592   442 150
712   553 159
717   553 164
942   663 279
805   553 252
880   663 217
629   594 35
226   198 28
320   312 8
3,450   3,318 132
857   576 281
747   504 243
317   216 101
      90,856
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       504
b       142
c       109
d       157
e       574
      1,141
      -202
      -92
      669
      286
      692
      445
      355
      33
      209
      618
      -1,133
      -1,184
      27
      50
      99
      44
      8
      35
      77
      -12
      77
      537
      630
      610
      142
      -137
      -43
      472
      171
      152
      -145
      -642
      203
      148
      -517
      -1,179
      -1,378
      32
      -180
      3
      -36
      5
      -238
      134
      56
      110
      252
      646
      2
      116
      158
      197
      134
      249
      324
      183
      -94
      -111
      -51
      72
      -60
      -52
      -934
      2,171
      3,317
      555
      740
      367
      516
      246
      -210
      69
      86
      54
      128
      38
      136
      60
      62
      31
      133
      186
      287
      46
      283
      335
      -262
      -1,048
      163
      224
      -1,116
      80
      -168
      -7
      504
      241
      -577
      545
      340
      292
      739
      583
      100
      202
      183
      142
      228
      295
      -4,972
      -12,076
      62
      223
      159
      628
      461
      360
      539
      379
      589
      824
      361
      -8,218
      -50
      485
      413
      446
      247
      350
      -5,679
      -2,920
      -7,947
      -40,515
      -1,596
      -558
      570
      663
      803
      -233
      -136
      -309
      356
      946
      655
      338
      161
      252
      343
      643
      189
      198
      509
      3
      912
      -279
      -939
      12,428
      5,644
      3,711
      40,021
      140
      58
      191
      -25,966
      320
      197
      252
      374
      150
      159
      164
      279
      252
      217
      35
      28
      8
      132
      281
      243
      101
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 72,903
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 617,163 13,350,209 0.046229
2016 569,197 12,516,986 0.045474
2015 647,558 13,089,142 0.049473
2014 705,258 13,474,336 0.052341
2013 625,173 12,982,979 0.048153
2
Total of line 1, column (d) .....................
2
0.24167
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.048334
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
13,490,221
5
Multiply line 4 by line 3......................
5
652,036
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,711
7
Add lines 5 and 6........................
7
654,747
8
Enter qualifying distributions from Part XII, line 4,.............
8
640,860
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 5,422
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 5,422
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 5,422
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 10,016
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,016
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,594
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet4,594 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletWELLS FARGO BANK NA Telephone no.bullet (800) 352-3705

    Located atbullet100 NORTH MAIN STREET 6TH FLOOR D40WINSTON SALEMNC ZIP+4bullet271013818
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Gina Phillips President
    25     		5,000    
    PO Box 400
    Spruce Pine,NC28777
    Fred L Stout Vice-President
    2     		5,000    
    PO Box 400
    Spruce Pine,NC28777
    G Byron Phillips Treasurer
    5     		5,000    
    PO Box 400
    Spruce Pine,NC28777
    Van Phillips Secretary
    9     		5,000    
    PO Box 400
    Spruce Pine,NC28777
    Keith S Holtsclaw Board Member
    2     		5,000    
    PO Box 400
    Spruce Pine,NC28777
    Jennifer P Dellinger Board Member
    2     		5,000    
    PO Box 400
    Spruce Pine,NC28277
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,101,898
    b
    Average of monthly cash balances.......................
    1b
    593,758
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,695,656
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,695,656
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    205,435
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,490,221
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    674,511
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    674,511
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    5,422
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,422
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    669,089
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    669,089
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    669,089
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    640,860
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    640,860
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    640,860
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 669,089
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 577,312
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 640,860
    a Applied to 2017, but not more than line 2a 577,312
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 63,548
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		605,541
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Wells Fargo
    100 North Main Street 6th Floor D40
    WinstonSalem,NC271013818
    (800) 352-3705
    bThe form in which applications should be submitted and information and materials they should include:
    www.wellsfargo.com/privatefoundationgrants/phillips
    cAny submission deadlines:
    Accepted Year-round, but need to be submitted by June 30 to be reviewed at the annual meeting
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grant must have a measurable impact within Mitchell County, North Carolina and, upon special consideration, the surrounding areas of western North Carolina.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BROADWAY CARES EQUITY FIGHTS AIDS
    165 WEST 46TH STREET
    New York,NY10036     		NONE PC GENERAL PURPOSE 500
    EAST CAROLINA UNIVERSITY
    HEALTH SCIENCES FD INC
    525 MOYE BLVD
    GREENSVILLE,NC278342849     		NONE PC GENERAL PURPOSE 47,625
    RURAL EDUCATION PARNTERS OF MITCHELL
    COUNTY
    2206 CARTERS RIDGE ROAD
    SPRUCE PINE,NC28777     		NONE PC GENERAL PURPOSE 9,300
    SHRINERS HOSPITALS FOR CHILDREN
    3551 N BROAD STREET
    PHILADELPHIA,PA19140     		NONE PC GENERAL PURPOSE 1,000
    MAYO CLINIC
    200 FIRST STREET SW
    ROCHESTER,MN55905     		NONE PC GENERAL PURPOSE 500
    DUKE EYE CENTER
    BOX 90581
    DURHAM,NC277080581     		NONE PC GENERAL PURPOSE 12,000
    CROSSNORE SCHOOL INCORPORATED
    PO BOX 249
    CROSSNORE,NC28616     		NONE PC GENERAL PURPOSE 260,000
    PISGAH LEGAL SERVICES
    PO BOX 2276
    ASHEVILLE,NC28802     		NONE PC GENERAL PURPOSE 30,000
    MITCHELL COUNTRY SHEPHERDS STAFF
    PO BOX 344
    SPRUCE PINE,NC287770344     		NONE PC GENERAL PURPOSE 2,000
    MITCHELL COUNTY ANIMAL RESCUE
    PO BOX 308
    SPRUCE PINE,NC28777     		NONE PC GENERAL PURPOSE 2,000
    APPALACHIAN THERAPEUTIRC RIDING CENTER
    176 CHIMNEY RIDGE
    BURNSVILLE,NC28714     		NONE PC GENERAL PURPOSE 2,000
    MITCHELL COUNTY SCHOOLS
    72 LEDGER SCHOOL ROAD
    BAKERSVILLE,NC28705     		NONE PC GENERAL PURPOSE 18,000
    SALVATION ARMY OF HOT SPRINGS
    PO BOX 295
    ASHEVILLE,NC28801     		NONE PC GENERAL PURPOSE 500
    MARYLAND COMMUNITY COLLEGE
    FOUNDATION
    PO BOX 547
    SPRUCE PINE,NC28777     		NONE PC GENERAL PURPOSE 200,000
    MANNA FOOD BANK
    627 SWANNANOA ROAD
    ASHEVILLE,NC28805     		NONE PC GENERAL PURPOSE 10,000
    MEMORIAL SLOAN-KETTERING CANCER
    CENTER
    1275 YORK AVENUE BOX 701
    New York,NY10065     		NONE PC GENERAL PURPOSE 500
    Total .................................bullet 3a 595,925
    bApproved for future payment
    EAST CAROLINA UNIVERSITY
    525 MOYE BLVD
    GREENVILLE,NC278342849     		NONE PC DENTAL SCHOLARSHIPS 121,999
    Total .................................bullet 3b 121,999
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 296,681  
    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 72,903  
    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)..   369,584  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    369,584
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,000     1,000

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Name of Bond End of Year Book Value End of Year Fair Market Value
    277911491 EATON VANCE FLOATING 346,000 332,455
    921937835 VANGUARD TOTAL BOND    
    256210105 DODGE & COX INCOME F 637,000 617,798
    315920702 FID ADV EMER MKTS IN    
    957663701 WESTERN ASSET INTERM    
    922031836 VANGUARD SHORT TERM- 968,500 955,217
    74253Q416 PRINCIPAL PREFERRED    
    262028855 DRIEHAUS ACTIVE INCO 138,000 129,262
    31641Q763 FIDELITY NEW MRKTS I 588,500 526,732
    77957P105 T ROWE PRICE SHORT T 760,000 761,638

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Name of Stock End of Year Book Value End of Year Fair Market Value
    87612E106 TARGET CORP 2,675 2,313
    254687106 WALT DISNEY CO 4,239 4,605
    46625H100 JPMORGAN CHASE & CO 3,595 5,467
    037833100 APPLE INC 6,769 9,780
    17275R102 CISCO SYSTEMS INC 3,523 5,980
    594918104 MICROSOFT CORP 5,004 11,681
    20030N101 COMCAST CORP CLASS A 1,697 2,077
    126650100 CVS HEALTH CORPORATI 7,084 4,980
    693475105 PNC FINANCIAL SERVIC 2,951 3,975
    097023105 BOEING CO 1,975 3,870
    806857108 SCHLUMBERGER LTD    
    411511306 HARBOR INTERNATION F    
    464287465 ISHARES MSCI EAFE ET 415,182 408,168
    464287499 ISHARES RUSSELL MID- 482,986 884,050
    922042858 VANGUARD FTSE EMERGI 109,058 99,251
    09247X101 BLACKROCK INC 4,094 4,321
    872540109 TJX COMPANIES INC 1,695 2,148
    03076C106 AMERIPRISE FINL INC    
    883556102 THERMO FISHER SCIENT 2,653 4,923
    91324P102 UNITEDHEALTH GROUP I 3,020 6,726
    25243Q205 DIAGEO PLC - ADR 4,139 4,963
    771195104 ROCHE HOLDINGS LTD - 4,603 4,351
    89151E109 TOTAL S.A. - ADR 5,255 5,740
    464287200 ISHARES CORE S & P 5 755,059 1,099,284
    552983694 MFS VALUE FUND-CLASS    
    78463X863 SPDR DJ WILSHIRE INT    
    922908553 VANGUARD REIT VIPER    
    00203H859 AQR MANAGED FUTURES 153,111 127,411
    003021714 ABERDEEN EMERG MARKE 239,146 222,721
    464287655 ISHARES RUSSELL 2000 490,021 541,492
    63872T885 ASG GLOBAL ALTERNATI 254,648 237,912
    683974604 OPPENHEIMER DEVELOPI 321,630 358,860
    74925K581 BOSTON P LNG/SHRT RE 544,677 534,664
    008252108 AFFILIATED MANAGERS    
    02079K107 ALPHABET INC CL C 4,197 7,249
    04314H402 ARTISAN INTERNATIONA 197,000 186,197
    084670702 BERKSHIRE HATHAWAY I 1,940 3,063
    12572Q105 CME GROUP INC 2,892 4,891
    150870103 CELANESE CORP 2,891 4,409
    172967424 CITIGROUP INC. 3,068 3,280
    375558103 GILEAD SCIENCES INC 3,723 2,502
    405217100 HAIN CELESTIAL GROUP 2,920 1,570
    517834107 LAS VEGAS SANDS CORP 4,148 4,060
    56501R106 MANULIFE FINANCIAL C 2,939 2,909
    58155Q103 MCKESSON CORP    
    63872T729 ASG MANAGED FUTURES 153,897 120,431
    867224107 SUNCOR ENERGY INC NE 8,624 8,167
    907818108 UNION PACIFIC CORP 3,726 6,082
    911312106 UNITED PARCEL SERVIC 4,196 4,096
    G29183103 EATON CORP PLC 2,735 3,433
    00770G847 JOHCM INTERNATIONAL 124,000 143,761
    009158106 AIR PRODS & CHEMS IN 4,337 5,122
    03524A108 ANHEUSER-BUSCH INBEV 5,446 3,225
    045055100 ASHTEAD GROUP PLC-UN 890 1,174
    045387107 ASSA ABLOY AB-UNSP A 4,391 3,850
    052769106 AUTODESK INC 2,560 5,659
    072730302 BAYER AG - ADR    
    088606108 BHP GROUP LTD-SPON A 3,177 4,926
    110448107 BRITISH AMERICAN TOB    
    112585104 BROOKFIELD ASSET MAN 11,711 12,809
    115236101 BROWN & BROWN INC 3,254 4,327
    115637209 BROWN FORMAN CORP CL 1,367 1,618
    12504L109 CBRE GROUP INC 4,498 6,166
    12508E101 CDK GLOBAL INC 2,135 1,724
    136375102 CANADIAN NATL RR CO 1,825 2,149
    142795202 CARLSBERG AS-B-SPON 2,249 2,550
    143130102 CARMAX INC 7,951 8,908
    192446102 COGNIZANT TECH SOLUT 4,361 5,015
    194014106 COLFAX CORPORATION 3,445 2,508
    204319107 COMPAGNIE FINANCIERE 1,168 1,290
    210771200 CONTINENTAL AG-SPONS    
    217204106 COPART INC COM 3,290 5,495
    234062206 DAIWA HOUSE IND LTD 2,720 3,307
    256677105 DOLLAR GENERAL CORP 3,139 3,675
    256746108 DOLLAR TREE INC    
    278768106 ECHOSTAR CORPORATION 480 441
    278865100 ECOLAB INC    
    29444U700 EQUINIX INC 3,025 2,820
    307305102 FANUC CORPORATION AD    
    311900104 FASTENAL CO 1,693 1,987
    31620M106 FIDELITY NATL INFORM    
    31620R303 FNF GROUP 6,114 6,162
    345605109 FOREST CITY REALTY T    
    35804M105 FRESENIUS SE & CO-SP    
    44267D107 HOWARD HUGHES CORP/T 3,675 3,026
    45672B305 INFORMA PLC-SP ADR 1,705 1,436
    461202103 INTUIT COM    
    48238T109 KAR AUCTION SERVICES 1,776 1,718
    48667L106 KDDI CORP-UNSPONSORE    
    500458401 KOMATSU LIMITED - AD 1,734 1,659
    526057104 LENNAR CORPORATION C 3,010 2,310
    527288104 LEUCADIA NATL CORP C    
    530307107 LIBERTY BROADBAND CO 1,110 1,293
    530307305 LIBERTY BROADBAND CO 1,735 2,017
    53046P109 LIBERTY EXPEDIA HOLD 882 939
    53071M856 LIBERTY VENTURES    
    531229409 LIBERTY SIRIUSXM GRO 958 1,067
    531229607 LIBERTY SIRIUSXM GRO 2,098 2,367
    531229854 LIBERTY FORMULA ONE 3,516 3,561
    531229870 LIBERTY FORMULA ONE 180 267
    532457108 ELI LILLY & CO COM 2,604 4,050
    540424108 LOEWS CORP    
    55261F104 M & T BANK CORPORATI 1,544 1,861
    55354G100 MSCI INC 1,605 2,064
    55608B105 MACQUARIE INFRASTRUC    
    560877300 MAKITA CORPORATION - 3,027 3,025
    570535104 MARKEL HOLDINGS 9,675 10,381
    573284106 MARTIN MARIETTA MATL 8,684 7,562
    58933Y105 MERCK & CO INC NEW 2,848 4,203
    595017104 MICROCHIP TECHNOLOGY 3,652 4,459
    608190104 MOHAWK INDS INC COM 2,382 1,404
    615369105 MOODYS CORP 2,657 3,641
    620076307 MOTOROLA SOLUTIONS, 1,012 1,726
    667995641 FIRST CITRUS BANCORP 1 139,136
    66987V109 NOVARTIS AG - ADR 5,698 5,921
    67103H107 O'REILLY AUTOMOTIVE 8,123 11,707
    743315103 PROGRESSIVE CORP OHI 1,839 3,378
    74435K204 PRUDENTIAL PLC - ADR 4,745 4,669
    756568101 RED ELECTRICA COR-UN 3,757 3,894
    759530108 RELX PLC ADR 3,826 3,817
    76131D103 RESTAURANT BRANDS IN 7,615 8,682
    776696106 ROPER TECHNOLOGIES I 3,430 5,330
    778296103 ROSS STORES INC 326 499
    780259206 ROYAL DUTCH SHELL PL 4,349 5,011
    780641205 KONINKLIJKE KPN N.V.    
    783513203 RYANAIR HOLDINGS PLC 2,582 2,140
    78392U105 RYOHIN KEIKAKU CO-UN 3,099 3,801
    78409V104 S&P GLOBAL INC 2,195 3,229
    79588J102 SAMPO OYJ-A SHS-UNSP 3,737 3,721
    803054204 SAP SE ADR 4,682 5,177
    824348106 SHERWIN WILLIAMS CO    
    82481R106 SHIRE PLC ADR    
    835699307 SONY CORPORATION - A    
    848574109 SPIRIT AEROSYTSEMS H 1,311 2,091
    85771P102 STATOIL ASA ADR    
    86562M209 SUMITOMO TRUST AND B 3,046 2,956
    87944W105 TELENOR ASA - ADR 2,700 3,080
    893641100 TRANSDIGM GROUP INC 9,107 12,922
    904767704 UNILEVER PLC - ADR 2,981 3,449
    919134304 VALEO - ADR    
    92343E102 VERISIGN INC COM 3,936 6,970
    92345Y106 VERISK ANALYTICS INC 5,007 6,433
    927320101 VINCI SA ADR 2,480 2,789
    977874205 WOLTERS KLUWER NV - 2,826 4,049
    98978V103 ZOETIS INC 2,205 3,422
    G0408V102 AON PLC 5,750 7,559
    G0450A105 ARCH CAPITAL GROUP L 4,593 4,623
    G0750C108 AXALTA COATING SYSTE    
    G1151C101 ACCENTURE PLC 4,134 4,794
    G47567105 IHS MARKIT LTD 4,876 5,852
    G5480U104 LIBERTY GLOBAL PLC-A 1,498 1,024
    G5480U120 LIBERTY GLOBAL PLC-S 2,889 1,961
    G9618E107 WHITE MTNS INS GROUP    
    H84989104 TE CONNECTIVITY LTD 3,418 3,782
    N7902X106 SENSATA TECHNOLOGIES    
    000375204 ABB LTD - ADR 2,724 1,996
    00373L102 ABN AMRO GROUP NV-UN 2,831 2,218
    023586100 AMERCO 2,535 2,297
    09215C105 BLACK KNIGHT INC 6,022 6,444
    20449X401 COMPASS GROUP PLC AD 3,787 3,908
    21244X109 CONVATEC GROUP PLC-U    
    23304Y100 DBS GROUP HOLDINGS L 2,334 3,068
    24906P109 DENTSPLY SIRONA INC    
    25157Y202 DEUTSCHE POST AG ADR    
    25264S833 DIAMOND HILL LONG/SH 70,000 61,974
    31502A105 FERGUSON PLC-ADR    
    366651107 GARTNER INC 8,833 9,077
    367829884 GATEWAY FUND - Y #19    
    40416M105 HD SUPPLY HOLDINGS I 582 525
    43300A203 HILTON WORLDWIDE HOL 6,370 5,888
    437076102 HOME DEPOT INC 2,646 3,093
    485537302 KAO CORP ADR    
    59410T106 MICHELIN (CGDE) ADR 2,750 2,136
    654106103 NIKE INC CL B 3,531 5,042
    65557A206 NORDEA BANK AB-SPON    
    77954Q403 T ROWE PRICE BLUE CH 444,247 789,844
    779919307 T ROWE PR REAL ESTAT    
    78410G104 SBA COMMUNICATIONS C 9,319 13,275
    786584102 SAFRAN SA-UNSPON ADR 4,005 4,424
    889110102 TOKYO ELECTRON LTD-U    
    89400J107 TRANSUNION 5,381 5,169
    929160109 VULCAN MATERIALS COM 7,073 6,224
    G5960L103 MEDTRONIC PLC 4,726 5,185
    001317205 AIA GROUP LTD-SP ADR 2,892 2,762
    00206R102 AT & T INC 6,044 4,995
    03662Q105 ANSYS INC 5,974 5,003
    09260C703 BLACKROCK GL L/S CRE 138,000 126,775
    256206103 DODGE & COX INT'L ST 125,000 108,815
    26875P101 EOG RESOURCES, INC 3,680 3,052
    285512109 ELECTRONIC ARTS INC 1,912 1,973
    29446M102 EQUINOR ASA-SPON ADR 1,149 1,503
    31502A204 FERGUSON PLC-ADR 2,511 2,663
    33616C100 FIRST REPUBLIC BANK/ 6,431 5,735
    36164V305 GCI LIBERTY INC 1,837 2,058
    372303206 GENMAB A/S -SP ADR 935 741
    40171V100 GUIDEWIRE SOFTWARE I 2,962 2,407
    422806208 HEICO CORP CL A 661 630
    448579102 HYATT HOTELS CORP 2,932 2,636
    45168D104 IDEXX CORP 2,103 1,860
    48251W104 KKR & CO INC -A 4,415 3,298
    485537401 KAO CORP 1,749 2,086
    489398107 KENNEDY-WILSON HOLDI 3,095 2,726
    512807108 LAM RESEARCH CORP CO 3,380 2,723
    55273H353 MFS VALUE FUND-R6 #4 774,364 879,780
    592688105 METTLER-TOLEDO INTL 4,515 4,525
    609207105 MONDELEZ INTERNATION 5,021 4,684
    65558R109 NORDEA BANK ABP - SP 3,777 2,634
    75606N109 REALPAGE INC 2,813 2,265
    775109200 ROGERS COMMUNICATION 3,452 3,486
    82509L107 SHOPIFY INC - A W/I 617 554
    83569C102 SONOVA HOLDIN-UNSPON 1,328 1,082
    86614U100 SUMMIT MATERIALS INC 1,836 1,215
    90267B682 ETRACS ALERIAN MLP U 272,880 221,228
    90348R102 UBISOFT ENTERTAIN-UN 2,468 2,393
    91879Q109 VAIL RESORTS INC COM 5,311 4,006
    92852T201 VIVENDI SA-UNSPON AD 3,782 3,574
    928662501 VOLKSWAGEN AG-UNSP A 3,805 3,395
    H42097107 UBS GROUP AG 4,536 2,835
    M98068105 WIX.COM LTD 3,695 3,523
    Y2573F102 FLEX LTD 4,366 1,948

    TY 2018 InvestmentsOtherSchedule2
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    70299PGP6 PARTNERS GROUP PRIVA AT COST 277,254 360,499

    TY 2018 OtherDecreasesSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Description Amount
    MUTUAL FUND POSTING DATE AFTER TYE 13,373
    ROUNDING 4


    TY 2018 OtherExpensesSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WF GRANTS FEES 13,635 0   13,635
    MF OTHER FEES 3 3   0
    BOARD MEMBER COMPENSATION 300 0   300
    ADR FEES 210 210   0


    TY 2018 OtherIncreasesSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Description Amount
    MUTUAL FUND TAX EFFECTIVE DATE BEFORE TYE 7,765
    COST BASIS ADJUSTMENT 11,057


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WF INVESTMENT FEES 88,548 88,548    
    OTHER INVESTMENT FEES 2,087 2,087    


    TY 2018 TaxesSchedule
    Name:
    SAMUEL L PHILLIPS FAMILY FDN
    EIN:
    56-2225556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,080 1,080   0
    FEDERAL TAX PAYMENT - PRIOR YE 3,062 0   0
    FEDERAL ESTIMATES - PRINCIPAL 10,016 0   0
    FOREIGN TAXES ON QUALIFIED FOR 3,514 3,514   0
    FOREIGN TAXES ON NONQUALIFIED 165 165   0