TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
SENATOR MAURICE & FLORENCE LIPSCHER CHAR

Number and street (or P.O. box number if mail is not delivered to street address)C/O PNC BANK NA PO BOX 94651
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CLEVELAND, OH441014651

A Employer identification number

36-4524953

B Telephone number (see instructions)

(216) 257-6118

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

$3,492,486J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	73,623		73,623
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		442,421
b	Gross sales price for all assets on line 6a 2,503,408
7	Capital gain net income (from Part IV, line 2)...			442,421
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........	516,044		516,044
13	Compensation of officers, directors, trustees, etc.	38,560		19,280		19,280
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,258	206		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		1,876	1,676		200
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	42,694		21,162	0	19,480
25	Contributions, gifts, grants paid.......	164,579				164,579
26	Total expenses and disbursements. Add lines 24 and 25	207,273		21,162	0	184,059
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	308,771
b	Net investment income (if negative, enter -0-)			494,882
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	190,210	256,463	256,463
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,966,335
	c	Investments—corporate bonds (attach schedule).......	1,226,606
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		3,435,451	3,236,023
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,383,151	3,691,914	3,492,486
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	3,383,151	3,691,914
	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).....	3,383,151	3,691,914
	31	Total liabilities and net assets/fund balances (see instructions).	3,383,151	3,691,914

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

3,383,151

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

308,771

Other increases not included in line 2 (itemize) bullet

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

3,691,922

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 30 .

3,691,914

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	5430.523 BAIRD MIDCAP INST		2016-04-06	2018-06-08
b	8914.255 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO			2018-06-08
c	1045. XTRACKERS MSCI JAPAN HEDGED ETF			2018-06-08
d	2711. XTRACKERS MSCI EUROPE HEDGED ETF			2018-06-08
e	3395. ISHARES CORE US AGGREGATE BOND ETF			2018-06-08
	9225.92 MFS VALUE FUND CLASS I FUND 893		2012-06-26	2018-06-08
	7537.304 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I			2018-06-08
	5599.533 T ROWE PRICE GROWTH STOCK FUND			2018-06-08
	6274.354 TEMPLETON GLOBAL BOND FUND AD FUND			2018-06-08
	2707.853 TEMPLETON INSTL FDS INC FOREIGN EQUITY SER			2018-06-08
	3146.944 WELLS FARGO SPECIAL US MID CAP VALUE I			2018-06-08
	32902.669 VANGUARD TOTL BD MKT IDX-ADM			2018-06-11
	1040.3 VANGUARD INTL VALUE		2016-12-16	2018-06-11
	16. ANALOGIC CORP NEW		2018-06-13	2018-06-25
	34. BRITISH AMERICAN TOBBACCO PLC SPONSORED ADR		2018-06-13	2018-06-25
	21. SCHLUMBERGER LTD COM		2018-06-13	2018-06-25
	12. WR BERKLEY CORP		2018-06-14	2018-06-27
	611. AMBEV SA-SPN ADR ADR SEDOL BG804F6		2018-06-13	2018-06-28
	840. CARREFOUR SA		2018-06-13	2018-07-05
	23. K.FORCE INC		2018-06-13	2018-07-06
	44. ZOETIS INC		2018-06-14	2018-07-06
	24. CA INC MERGED 11/05/18 @ $44.50 P/S		2018-06-14	2018-07-13
	8. CITIZENS FINANCIAL GROUP		2018-06-14	2018-07-18
	44. SCHULMAN A INC		2018-06-13	2018-07-18
	45. ERICSSON SPON ADR		2018-06-14	2018-07-20
	43. RPM INTERNATIONAL INC		2018-06-14	2018-07-23
	26. POPULAR INC SEDOL B86QM90		2018-06-14	2018-07-25
	.256 ACS ACTIVIDADES CONS-UNS ADR ADR SEDOL B3F8LH3		2018-06-13	2018-07-27
	32. DISCOVERY INC CLASS A		2018-06-14	2018-07-31
	7. ECOLAB INC		2018-06-14	2018-07-31
	10. IQVIA HOLDINGS INC		2018-06-14	2018-07-31
	122. ERICSSON SPON ADR		2018-06-14	2018-08-01
	4. BAIDU INC		2018-06-13	2018-08-08
	14. CORNING INC		2018-06-14	2018-08-09
	8. PDC ENERGY INC		2018-06-13	2018-08-10
	6. RENT A CTR INC NEW COM		2018-06-14	2018-08-10
	18. MALLINCKRODT PLC SEDOL BBJTYC4		2018-06-14	2018-08-13
	17. FLUOR CORP		2018-06-14	2018-08-15
	20. ROCHE HOLDINGS LTD ADR		2018-06-13	2018-08-15
	14. AVNET INC		2018-06-14	2018-08-16
	15. HERSHEY FOODS CORP COM		2018-06-14	2018-08-16
	186. SUMITOMO MITSUI FINANCIAL GROUP INC SPON ADR		2018-06-13	2018-08-16
	44. DAVITA HEALTHCARE PARTNERS INC		2018-06-14	2018-08-17
	158. BAYER A G SPONSORED ADR			2018-08-20
	11. KOHLS CORP COM		2018-06-14	2018-08-22
	9. PPL CORPORATION COM		2018-06-14	2018-08-27
	7. ZOETIS INC		2018-06-14	2018-08-29
	9. COPART INC		2018-06-14	2018-09-04
	7. GARTNER INC		2018-06-14	2018-09-04
	10. OMNICOM GROUP INC		2018-06-14	2018-09-04
	5. TJX COS INC NEW COM		2018-06-14	2018-09-04
	2. ULTA BEAUTY INC		2018-06-14	2018-09-04
	4. FIVE BELOW		2018-06-13	2018-09-06
	6. O REILLY AUTOMOTIVE INC		2018-06-14	2018-09-07
	4. ALLISON TRANSMISSION HOLDING		2018-06-14	2018-09-11
	13. GARTNER INC		2018-06-14	2018-09-11
	3. FIVE BELOW		2018-06-13	2018-09-18
	16. CORNING INC		2018-06-14	2018-09-19
	67. FAST RETAILING CO ADR UNSPONSORED		2018-06-13	2018-09-20
	45. EDUCATION REALTY TRUST INC MERGED 09/20/18 @ $41.50 P/S		2018-06-13	2018-09-21
	19. BOJANGLES' INC		2018-06-13	2018-10-04
	93. CANADIAN NATURAL RESOURCES SEDOL 2171573		2018-06-13	2018-10-04
	2. HESS CORPORATION		2018-06-14	2018-10-04
	23. CORNING INC		2018-06-14	2018-10-05
	10. GARTNER INC		2018-06-14	2018-10-05
	17. TJX COS INC NEW COM		2018-06-14	2018-10-05
	54. ERICSSON SPON ADR		2018-06-14	2018-10-08
	18. KBR INC		2018-06-14	2018-10-09
	28. SECOM LTD UNSPON ADR		2018-06-13	2018-10-11
	6. FIVE BELOW		2018-06-13	2018-10-16
	3. MASIMO CORPORATION		2018-06-13	2018-10-16
	12. STARBUCKS CORP COM		2018-06-14	2018-10-17
	21. DISCOVERY INC CLASS C		2018-06-14	2018-10-18
	18. HERSHEY FOODS CORP COM		2018-06-14	2018-10-18
	1. LIFEPOINT HOSPITALS INC		2018-06-14	2018-10-18
	7. PHILIP MORRIS INTERNAT-W/I		2018-06-13	2018-10-19
	12. GARTNER INC		2018-06-14	2018-10-22
	65. ERICSSON SPON ADR		2018-06-14	2018-10-23
	19. PDC ENERGY INC		2018-06-13	2018-10-23
	10. POPULAR INC SEDOL B86QM90		2018-06-14	2018-10-24
	18. NRG ENERGY, INC.		2018-06-14	2018-10-25
	1. ZIMMER HOLDINGS INC		2018-06-14	2018-10-25
	1. APPLE INC		2018-06-14	2018-10-26
	1. BOOKING HOLDINGS INC		2018-06-14	2018-10-26
	1. ULTA BEAUTY INC		2018-09-05	2018-10-26
	2. ALLEGION PLC SEDOL BFRT3W7		2018-06-14	2018-10-26
	24. EMBRAER SA ADR		2018-06-14	2018-10-29
	188. ERICSSON SPON ADR		2018-06-14	2018-10-29
	21. GARTNER INC		2018-06-14	2018-10-30
	26. STARBUCKS CORP COM		2018-06-14	2018-10-30
	12. HERSHEY FOODS CORP COM		2018-06-14	2018-10-31
	3. CBS CORP CLASS B WI		2018-06-14	2018-11-01
	126. ERICSSON SPON ADR		2018-06-14	2018-11-02
	136. CA INC MERGED 11/05/18 @ $44.50 P/S		2018-06-14	2018-11-05
	10. POPULAR INC SEDOL B86QM90		2018-06-14	2018-11-05
	13. NRG ENERGY, INC.		2018-06-14	2018-11-06
	300. OFFICE DEPOT INC		2018-06-14	2018-11-07
	49. ARRIS INTERNATIONAL LTD MERGED 04/04/19 @ $31.75 P/S		2018-06-14	2018-11-07
	26. MALLINCKRODT PLC SEDOL BBJTYC4		2018-10-04	2018-11-07
	39. HEWLETT PACKARD ENTERPRISE CO		2018-06-14	2018-11-08
	6. PPL CORPORATION COM		2018-06-14	2018-11-09
	61. BOJANGLES' INC		2018-06-13	2018-11-12
	18. POPULAR INC SEDOL B86QM90		2018-06-14	2018-11-12
	270. CK HUTCHISON HOLDIN-UNSP ADR ADR SEDOL BWH65X2		2018-06-13	2018-11-14
	6. INTERPUBLIC GROUP COS INC COM		2018-07-27	2018-11-14
	104. CTRIP COM INTL LTD AMERICAN DEP SHS			2018-11-15
	6. LIFEPOINT HOSPITALS INC		2018-06-14	2018-11-16
	27. ARRIS INTERNATIONAL LTD MERGED 04/04/19 @ $31.75 P/S		2018-06-14	2018-11-19
	18. FRANKS INTERNATIONAL NV SEDOL BCRY5H0		2018-06-14	2018-11-19
	.439 BANCO SANTANDER S A ADR		2018-06-13	2018-11-20
	9. ALLY FINANCIAL INC		2018-06-14	2018-11-27
	1. AMERCO		2018-07-02	2018-11-27
	5. AVNET INC		2018-11-15	2018-11-27
	11. CNO FINANCIAL GROUP INC		2018-06-14	2018-11-27
	2. CUMMINS INC		2018-06-14	2018-11-27
	11. GEO GROUP INC/THE		2018-06-14	2018-11-27
	26. GOODYEAR TIRE & RUBBER CO		2018-06-14	2018-11-27
	5. NRG ENERGY, INC.		2018-06-14	2018-11-27
	14. SANTANDER CONSUMER USA HOLDI		2018-06-14	2018-11-27
	52. TRI POINTE GROUP INC		2018-06-20	2018-11-27
	6. ARRIS INTERNATIONAL LTD MERGED 04/04/19 @ $31.75 P/S		2018-06-14	2018-11-27
	29. INDUSTRIA DE DISENO TEXTIL IND ADR		2018-09-04	2018-11-28
	5. KUBOTA CORP SPON ADR		2018-06-25	2018-11-28
	22. ORANGE ADR		2018-06-13	2018-11-28
	12. ROCHE HOLDINGS LTD ADR		2018-06-13	2018-11-28
	11. SMITH & NEPHEW PLC SPDN ADR		2018-06-13	2018-11-28
	7. AERCAP HOLDINGS NV ISIN NL0000687663 SEDOL B1HHKD3		2018-06-13	2018-11-28
	41. SOUTHSIDE BANCSHARES INC		2018-06-13	2018-12-04
	8. UNITED BANKSHARES INC WEST V COM		2018-06-13	2018-12-04
	23. COLONY CAPITAL INC		2018-06-14	2018-12-06
	23. MERCK & CO INC		2018-06-14	2018-12-11
	13. ARRIS INTERNATIONAL LTD MERGED 04/04/19 @ $31.75 P/S		2018-06-14	2018-12-11
	28. CDW CORP/DE		2018-06-14	2018-12-12
	12. POPULAR INC SEDOL B86QM90		2018-06-14	2018-12-12
	3058. SANCHEZ ENERGY CORP			2018-12-12
	10. NRG ENERGY, INC.		2018-06-14	2018-12-13
	5. CIT GROUP INC		2018-06-14	2018-12-14
	10. EMBRAER SA ADR		2018-06-14	2018-12-14
	10. GEO GROUP INC/THE		2018-06-14	2018-12-14
	9. NRG ENERGY, INC.		2018-06-14	2018-12-14
	58. SCHLUMBERGER LTD COM			2018-12-17
	21. ERICSSON SPON ADR		2018-06-14	2018-12-18
	441. LLOYDS TSB GROUP PLC SPONSORED ADR		2018-06-13	2018-12-18
	15. NRG ENERGY, INC.		2018-06-14	2018-12-18
	20. SANTANDER CONSUMER USA HOLDI		2018-06-14	2018-12-18
	476. WEATHERFORD INTERNATIONAL LTD NEW SEDOL BLNN369		2018-12-18	2018-12-19
	72. EXPRESS SCRIPTS HLDG CO MERGED 12/21/18 @ $48.75 P/S		2018-06-14	2018-12-24
	39. PFIZER INC COM		2018-06-14	2018-12-24
	177. CAIRN ENERGY PLC-UNSPON ADR SEDOL B77Q861		2018-06-14	2018-12-26
	22. NRG ENERGY, INC.		2018-06-14	2018-12-26
	31. PHILIP MORRIS INTERNAT-W/I		2018-06-13	2018-12-26
	22. POPULAR INC SEDOL B86QM90		2018-06-14	2018-12-26
	27. RENT A CTR INC NEW COM		2018-06-14	2018-12-26
	4. TERADATA CORP		2018-06-14	2018-12-26
	6373. WEATHERFORD INTERNATIONAL LTD NEW SEDOL BLNN369			2018-12-26
	57. OCEANEERING INTERNATIONAL INC		2018-06-14	2018-12-27
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	114,475	82,218	32,257
b	87,271	90,836	-3,565
c	45,784	42,949	2,835
d	78,482	78,667	-185
e	358,949	374,873	-15,924
	370,236	214,410	155,826
	143,736	133,364	10,372
	391,799	263,052	128,747
	72,845	78,166	-5,321
	59,275	54,245	5,030
	119,427	103,523	15,904
	341,859	358,643	-16,784
	41,279	33,945	7,334
	1,344	1,343	1
	1,710	1,684	26
	1,374	1,437	-63
	883	905	-22
	2,866	3,070	-204
	2,751	3,100	-349
	805	811	-6
	3,820	3,870	-50
	1,057	892	165
	320	331	-11
	1,896	1,951	-55
	368	353	15
	2,638	2,194	444
	1,321	1,207	114
	2	2
	843	811	32
	977	1,020	-43
	1,218	1,032	186
	966	958	8
	901	1,083	-182
	466	405	61
	456	484	-28
	88	74	14
	564	336	228
	945	829	116
	593	531	62
	658	568	90
	1,508	1,381	127
	1,440	1,546	-106
	3,193	3,125	68
	3,629	4,678	-1,049
	902	805	97
	265	243	22
	627	616	11
	584	523	61
	1,051	961	90
	677	753	-76
	556	472	84
	545	491	54
	458	408	50
	2,071	1,692	379
	207	165	42
	2,015	1,784	231
	389	306	83
	564	462	102
	3,383	3,067	316
	1,868	1,775	93
	294	268	26
	3,004	3,064	-60
	145	122	23
	821	665	156
	1,550	1,372	178
	1,871	1,605	266
	458	424	34
	385	329	56
	573	528	45
	720	612	108
	362	303	59
	708	685	23
	630	505	125
	1,886	1,658	228
	65	55	10
	620	559	61
	1,770	1,647	123
	585	510	75
	859	1,150	-291
	509	464	45
	645	605	40
	122	114	8
	214	191	23
	1,760	2,123	-363
	269	272	-3
	164	163	1
	508	621	-113
	1,615	1,476	139
	2,967	2,882	85
	1,517	1,483	34
	1,274	1,105	169
	175	165	10
	1,130	989	141
	6,052	5,055	997
	532	464	68
	498	437	61
	1,029	876	153
	1,366	1,283	83
	794	667	127
	635	619	16
	191	162	29
	977	862	115
	993	836	157
	2,730	3,078	-348
	146	136	10
	2,711	4,204	-1,493
	390	329	61
	828	707	121
	149	141	8
	2	2
	231	239	-8
	346	359	-13
	209	208	1
	198	220	-22
	293	284	9
	254	275	-21
	598	655	-57
	195	168	27
	269	263	6
	638	886	-248
	185	157	28
	452	425	27
	415	409	6
	373	377	-4
	382	318	64
	406	403	3
	368	385	-17
	1,306	1,417	-111
	282	296	-14
	138	140	-2
	1,773	1,414	359
	401	340	61
	2,572	2,355	217
	617	557	60
	1,076	3,326	-2,250
	423	336	87
	212	258	-46
	211	259	-48
	226	250	-24
	384	303	81
	2,285	3,706	-1,421
	186	165	21
	1,109	1,513	-404
	632	505	127
	350	376	-26
	158	201	-43
	6,703	5,937	766
	1,584	1,411	173
	618	1,124	-506
	820	740	80
	2,011	2,477	-466
	1,013	1,021	-8
	446	332	114
	145	169	-24
	1,401	8,677	-7,276
	662	1,354	-692
			134,475

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			32,257
b			-3,565
c			2,835
d			-185
e			-15,924
			155,826
			10,372
			128,747
			-5,321
			5,030
			15,904
			-16,784
			7,334
			1
			26
			-63
			-22
			-204
			-349
			-6
			-50
			165
			-11
			-55
			15
			444
			114

			32
			-43
			186
			8
			-182
			61
			-28
			14
			228
			116
			62
			90
			127
			-106
			68
			-1,049
			97
			22
			11
			61
			90
			-76
			84
			54
			50
			379
			42
			231
			83
			102
			316
			93
			26
			-60
			23
			156
			178
			266
			34
			56
			45
			108
			59
			23
			125
			228
			10
			61
			123
			75
			-291
			45
			40
			8
			23
			-363
			-3
			1
			-113
			139
			85
			34
			169
			10
			141
			997
			68
			61
			153
			83
			127
			16
			29
			115
			157
			-348
			10
			-1,493
			61
			121
			8

			-8
			-13
			1
			-22
			9
			-21
			-57
			27
			6
			-248
			28
			27
			6
			-4
			64
			3
			-17
			-111
			-14
			-2
			359
			61
			217
			60
			-2,250
			87
			-46
			-48
			-24
			81
			-1,421
			21
			-404
			127
			-26
			-43
			766
			173
			-506
			80
			-466
			-8
			114
			-24
			-7,276
			-692

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	442,421
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	172,612	3,718,391	0.046421
2016	134,516	3,463,892	0.038834
2015	115,729	3,584,965	0.032282
2014	116,033	3,572,917	0.032476
2013	161,180	3,332,615	0.048364

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

0.198377

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 ......

0.039675

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

3,792,388

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

150,463

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

4,949

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

155,412

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

184,059

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,949
	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	4,949
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	4,949
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	2,193
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	2,193
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,756
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

The books are in care of bullet

PNC BANK NA Telephone no. bullet

(216) 257-6118

Located at bullet

PO BOX 94651CLEVELANDOH ZIP+4 bullet

441014651

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
PNC BANK NA	TRUSTEE 8	38,560
PO BOX 94651 CLEVELAND,OH441014651	TRUSTEE 8	38,560

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2018)

Page 8

Part X

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

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

purposes:

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

3,850,140

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

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

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

3,850,140

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

3,850,140

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

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

57,752

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

3,792,388

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

189,619

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

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

189,619

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

4,949

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

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

4,949

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

184,670

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

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

184,670

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

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

184,670

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 ..........

184,059

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

184,059

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

4,949

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

179,110

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					184,670
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				164,579
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: $ 184,059
a Applied to 2017, but not more than line 2a				164,579
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.....					19,480
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 ..........					165,190
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
POTENTIAL DEVELOPMENT PROGRAM 209 W WOODLAND AVE YOUNGSTOWN,OH44502	N/A	PUBLIC CHARITY	GENERAL SUPPORT	3,000
SALVATION ARMY 1501 GLENWOOD AVENUE YOUNGSTOWN,OH44507	N/A	CHURCH	THE LEARNING ZONE	4,000
ALTSHULER AKIVA ACADEMY 505 GYPSY LN YOUNGSTOWN,OH44504	NONE	PC	BRIDGE THE GAP	17,000
ALL CHILDREN LEARN DIFFERENTLY SCHOOL 118 E WOOD ST YOUNGSTOWN,OH44503	NONE	PC	SUMMER INTERVENTION	3,000
BALLET WESTERN RESERVE INC PO BOX 1684 YOUNGSTOWN,OH44501	NONE	PC	BALLET PROGRAMS	5,000
EASTERN OHIO P-16 PARTNERSHIP FOR EDU 4314 MAHONING AVE NW WARREN,OH44483	NONE	PC	SUMMER MELT	3,750
GIRL SCOUTS OF NORTH EAST OHIO ONE GIRL SCOUT WAY MACEDONIA,OH44056	NONE	PC	STEM JOURNEY YOUNGSTOWN	2,000
INSPIRING MINDS 837 WOODLAND ST NE WARREN,OH44483	NONE	PC	SUMMER ENRICHMENT PROGRAM	5,000
INTERFAITH HOME MTCE SERV INC 1005 W RAYEN AVE YOUNGSTOWN,OH44502	NONE	PC	EMERGENCY / NECESSARY HOME	8,000
KENT STATE UNIV FOUNDATION INC 350 S LINCOLN ST KENT,OH44242	NONE	PC	POLAND SCHOLARSHIPS	5,000
PREVENT BLINDNESS OH AFFILIATE 1500 W THIRD AVE STE 200 COLUMBUS,OH43212	NONE	PC	STAR PUPILS	2,000
SIGHT FOR ALL UNITED INC 2747 BELMONT AVE YOUNGSTOWN,OH44505	NONE	PC	SIGHT FOR ALL	2,000
THE YOUNGSTOWN PLAYHOUSE INC 600 PLAYHOUSE LANE YOUNGSTOWN,OH44511	NONE	PC	YOUTH PROGRAMMING	5,000
YOUNGSTOWN SYMPHONY SOCIETY 260 W FEDERAL ST YOUNGSTOWN,OH44503	NONE	PC	2018 OUTREACH PROGRAMS	3,000
Opera Western Reserve 1000 5TH AVENUE YOUNGSTOWN,OH44504	N/A	PUBLIC CHARITY	YOUNG ARTISTS PROGRAM 2015	5,000
B'NAI B'RITH INTERNATIONAL 125 CHURCHILL HUBBARD ROAD YOUNGSTOWN,OH44505	N/A	PUBLIC CHARITY	GENERAL SUPPORT	10,000
OPRS COMMUNITIES 1216 5TH AVE YOUNGSTOWN,OH44504	N/A	PUBLIC CHARITY	GENERAL SUPPORT	2,500
YOUNGSTOWN NEIGHBORHOOD DEVELOPM 820 CANFIELD RD YOUNGSTOWN,OH44511	N/A	PUBLIC CHARITY	GENERAL SUPPORT	8,329
YOUNGSTOWN AREA JEWISH FED 505 GYPSY LANE YOUNGSTOWN,OH445041314	N/A	PUBLIC CHARITY	GENERAL SUPPORT AND	21,000
COMMUNITY CORPORATION 255 WATT ST YOUNGSTOWN,OH44505	N/A	PUBLIC CHARITY	GENERAL SUPPORT	10,000
CONGREGATION RODEF SHOLOM OF YOUNGSTOWN OH 1119 ELM STREET YOUNGSTOWN,OH44505	N/A	CHURCH	GENERAL SUPPORT	10,000
BIG BROTHERS-BIG SISTERS OF MAHO 325 NORTH STATE STREET GIRARD,OH44420	N/A	PUBLIC CHARITY	GENERAL SUPPORT	2,000
BOYS & GIRLS CLUBS OF YOUNGSTOWN 2105 OAK HILL DRIVE YOUNGSTOWN,OH44507	N/A	PUBLIC CHARITY	GENERAL SUPPORT	2,500
SECOND HARVEST FOOD BANK OF THE MAHONING VALLEY 2805 SALT SPRINGS ROAD YOUNGSTOWN,OH44509	N/A	PUBLIC CHARITY	NILES BACKPACK PROGRAM	2,500
OH WOW THE ROGER AND GLORIA JONES CHILDRENS CENTER 11 W FEDERAL ST YOUNGSTOWN,OH44503	N/A	PUBLIC CHARITY	GENERAL SUPPORT	10,000
YOUNGSTOWN STATE UNIVERSITY FOUNDATION 606 WICK AVENUE YOUNGSTOWN,OH44502	N/A	PUBLIC CHARITY	LIPSCHER SCHOLARSHIPS	10,000
JUNIOR ACHIEVEMENT OF MAHONING V 1601 MOTOR INN DRIVE GIRARD,OH44420	N/A	PUBLIC CHARITY	GENERAL SUPPORT	3,000
Total ................................. 3a				164,579

bApproved for future payment

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

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	73,623
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	442,421
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)..				516,044

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

516,044

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

SENATOR MAURICE & FLORENCE LIPSCHER CHAR

EIN:

36-4524953

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS - FIXED INCOME	AT COST	747,988	723,298
MUTUAL FUNDS - EQUTIES	AT COST	2,197,463	2,042,316
ALTERNATIVE INVESTMENTS	AT COST	490,000	470,409

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

SENATOR MAURICE & FLORENCE LIPSCHER CHAR

EIN:

36-4524953

Description	Amount
ROUNDING ADJUSTMENT	8

- TIN:

TY 2018 OtherExpensesSchedule

Name:

SENATOR MAURICE & FLORENCE LIPSCHER CHAR

EIN:

36-4524953

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	200	0	200
MAP MANAGEMENT FEES	1,582	1,582	0
ADR SERVICE FEES	94	94	0

- TIN:

TY 2018 TaxesSchedule

Name:

SENATOR MAURICE & FLORENCE LIPSCHER CHAR

EIN:

36-4524953

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	206	206		0
FEDERAL ESTIMATES - PRINCIPAL	2,052	0		0