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.
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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
FRANK & SUSAN HUETTNER EDUC FD

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1501 NJ2-130-03-31
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PENNINGTON, NJ085341501

A Employer identification number

39-2025569

B Telephone number (see instructions)

(609) 274-6834

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

$2,487,000J 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...	71,718		71,051
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		86,729
b	Gross sales price for all assets on line 6a 890,991
7	Capital gain net income (from Part IV, line 2)...			86,729
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........	158,447		157,780
13	Compensation of officers, directors, trustees, etc.	49,878				49,878
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)....		37,917	22,750		15,167
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,972	1,228		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).......		13	13
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	90,780		23,991	0	65,045
25	Contributions, gifts, grants paid.......	73,625				73,625
26	Total expenses and disbursements. Add lines 24 and 25	164,405		23,991	0	138,670
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-5,958
b	Net investment income (if negative, enter -0-)			133,789
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.............	48,106	515	515
	2	Savings and temporary cash investments.........	61,882	59,949	59,949
	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).......	223,488	218,381	224,216
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,256,804	2,304,718	2,202,320
	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)	2,590,280	2,583,563	2,487,000
	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........	2,590,280	2,583,563
	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).....	2,590,280	2,583,563
	31	Total liabilities and net assets/fund balances (see instructions).	2,590,280	2,583,563

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

2,590,280

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

-5,958

Other increases not included in line 2 (itemize) bullet

554

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

2,584,876

Decreases not included in line 2 (itemize) bullet

1,313

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

2,583,563

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	9. AT& T INC		2016-07-28	2018-01-12
b	38. AT& T INC		2016-07-28	2018-03-08
c	4. AT& T INC		2016-07-28	2018-03-09
d	2. AT& T INC		2016-07-28	2018-07-11
e	3. AT& T INC		2016-07-28	2018-08-01
	9. ABBVIE INC SHS		2018-03-08	2018-06-21
	5. ABBVIE INC SHS		2018-03-09	2018-06-21
	3. ABBVIE INC SHS		2018-03-09	2018-06-22
	7. ABBVIE INC SHS		2018-03-12	2018-06-22
	1. ABBVIE INC SHS		2018-03-12	2018-08-01
	3. ABBVIE INC SHS		2018-03-12	2018-10-31
	4. ABBVIE INC SHS		2018-03-13	2018-10-31
	7. ABBVIE INC SHS		2018-03-23	2018-10-31
	21. ABBVIE INC SHS		2018-03-23	2018-11-01
	1. AIR PRODUCTS AND CHEMICALS INC COMMON		2018-03-08	2018-08-01
	8. AMERICAN ELECTRIC POWER CO INC		2016-07-28	2018-01-12
	3. AMERICAN ELECTRIC POWER CO INC		2016-07-28	2018-07-11
	13. AMERICAN ELECTRIC POWER CO INC		2016-07-28	2018-10-25
	1. AMGEN INC		2018-01-12	2018-07-11
	3. AMGEN INC		2018-01-12	2018-11-08
	9. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-01-12
	11. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-01-16
	6. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-01-17
	1. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-01-18
	11. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-06-21
	25. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-06-22
	12. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-06-25
	18. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-06-26
	18. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-06-27
	1. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-07-11
	15. ASTRAZENECA PLC SPONS ADR		2016-07-28	2018-11-29
	1. BB&T CORP COM		2017-10-30	2018-07-11
	3. BB&T CORP COM		2017-10-30	2018-08-01
	9. BB&T CORP COM		2017-10-30	2018-11-08
	2. BB&T CORP COM		2017-10-31	2018-11-08
	7. BOEING COMPANY		2018-01-12	2018-08-06
	4. CME GROUP INC		2016-11-04	2018-01-12
	4. CME GROUP INC		2016-11-07	2018-01-16
	1. CME GROUP INC		2016-11-07	2018-01-17
	2. CME GROUP INC		2016-11-08	2018-01-17
	2. CME GROUP INC		2016-11-08	2018-01-18
	2. CME GROUP INC		2016-11-08	2018-05-07
	1. CME GROUP INC		2016-11-09	2018-05-07
	3. CME GROUP INC		2016-11-09	2018-05-08
	1. CME GROUP INC		2016-11-09	2018-05-09
	1. CME GROUP INC		2016-11-09	2018-07-11
	1. CME GROUP INC		2016-11-09	2018-08-01
	2. CME GROUP INC		2016-11-09	2018-11-08
	1. CME GROUP INC		2016-11-10	2018-11-08
	1. CARNIVAL CORP		2016-09-14	2018-07-11
	2. CARNIVAL CORP		2016-09-14	2018-08-01
	12. CARNIVAL CORP		2016-09-14	2018-11-29
	4. CARNIVAL CORP		2016-09-15	2018-11-29
	10. CARNIVAL CORP		2016-09-15	2018-11-30
	4. CISCO SYS INC		2017-09-22	2018-07-11
	5. COCA-COLA CO USD		2016-07-28	2018-07-11
	1. CROWN CASTLE REIT INC		2018-03-08	2018-07-11
	1. DIGITAL RLTY TR INC		2016-07-28	2018-07-11
	9. DOMINION ENERGY INC COM		2016-07-28	2018-03-08
	9. DOMINION ENERGY INC COM		2016-07-28	2018-03-09
	15. DOMINION ENERGY INC COM		2016-07-28	2018-03-12
	10. DOMINION ENERGY INC COM		2016-07-28	2018-03-13
	5. DOMINION ENERGY INC COM		2016-07-28	2018-03-14
	14. DOMINION ENERGY INC COM		2016-07-28	2018-03-19
	11. DOMINION ENERGY INC COM		2016-07-28	2018-03-20
	21. DOMINION ENERGY INC COM		2016-07-28	2018-03-21
	16. DOMINION ENERGY INC COM		2016-07-28	2018-03-22
	2. DOMINION ENERGY INC COM		2016-10-26	2018-03-22
	2. DOMINION ENERGY INC COM		2017-01-18	2018-03-22
	1. DOMINION ENERGY INC COM		2017-01-24	2018-03-22
	8. EMERSON ELECTRIC COMPANY		2017-06-08	2018-01-12
	1. EMERSON ELECTRIC COMPANY		2017-06-08	2018-01-16
	3. EMERSON ELECTRIC COMPANY		2017-06-09	2018-01-16
	1. EMERSON ELECTRIC COMPANY		2017-06-09	2018-08-01
	9. EMERSON ELECTRIC COMPANY		2017-06-09	2018-11-08
	8. EMERSON ELECTRIC COMPANY		2017-06-12	2018-11-08
	2. EMERSON ELECTRIC COMPANY		2017-06-12	2018-11-09
	6. EMERSON ELECTRIC COMPANY		2017-06-13	2018-11-09
	7. EMERSON ELECTRIC COMPANY		2017-06-12	2018-11-12
	9. EMERSON ELECTRIC COMPANY		2017-06-13	2018-12-12
	20. EMERSON ELECTRIC COMPANY		2017-06-14	2018-12-12
	6. EMERSON ELECTRIC COMPANY		2017-06-14	2018-12-13
	5. EMERSON ELECTRIC COMPANY		2018-02-26	2018-12-13
	5. EMERSON ELECTRIC COMPANY		2018-02-27	2018-12-13
	7. EMERSON ELECTRIC COMPANY		2018-02-27	2018-12-14
	1. EXELON CORP		2018-05-01	2018-07-11
	45. FIRST TR EXCHANGE TRADED		2018-03-06	2018-06-22
	2. FIRST TR EXCHANGE TRADED		2018-03-06	2018-07-11
	8. GENERAL MOTORS CO		2017-10-06	2018-01-12
	8. GENERAL MOTORS CO		2017-10-09	2018-01-12
	10. GENERAL MOTORS CO		2017-10-10	2018-01-12
	1. GENERAL MOTORS CO		2017-10-10	2018-07-11
	1. GENERAL MOTORS CO		2017-10-11	2018-08-01
	5. GENERAL MOTORS CO		2017-10-11	2018-10-02
	14. GENERAL MOTORS CO		2017-10-12	2018-10-02
	14. GENERAL MOTORS CO		2017-10-13	2018-10-02
	8. GENERAL MOTORS CO		2017-10-16	2018-10-02
	10. GENERAL MOTORS CO		2017-10-17	2018-10-02
	6. GENERAL MOTORS CO		2017-10-17	2018-10-03
	15. GENERAL MOTORS CO		2017-10-18	2018-10-03
	9. GENERAL MOTORS CO		2017-10-19	2018-10-03
	2. GENERAL MOTORS CO		2017-10-20	2018-10-03
	3. HSBC HLDGS PLC		2017-12-20	2018-07-11
	31. HSBC HLDGS PLC		2017-12-20	2018-10-18
	10. HSBC HLDGS PLC		2017-12-21	2018-10-18
	6. HSBC HLDGS PLC		2017-12-22	2018-10-18
	7. HSBC HLDGS PLC		2017-12-26	2018-10-18
	5. HSBC HLDGS PLC		2017-12-27	2018-10-18
	3. HSBC HLDGS PLC		2017-12-28	2018-10-18
	14. HSBC HLDGS PLC		2017-12-29	2018-10-22
	6. HSBC HLDGS PLC		2018-01-02	2018-10-22
	5. HSBC HLDGS PLC		2018-01-03	2018-10-22
	8. HSBC HLDGS PLC		2018-01-04	2018-10-22
	5. HSBC HLDGS PLC		2018-01-05	2018-10-22
	5. HSBC HLDGS PLC		2018-01-12	2018-10-22
	7. HSBC HLDGS PLC		2018-01-16	2018-10-22
	6. HSBC HLDGS PLC		2018-01-17	2018-10-22
	4. HSBC HLDGS PLC		2018-01-17	2018-10-23
	5. HSBC HLDGS PLC		2018-01-18	2018-10-23
	7. HSBC HLDGS PLC		2018-01-19	2018-10-23
	1. HSBC HLDGS PLC		2018-01-19	2018-10-24
	1. HSBC HLDGS PLC		2018-01-22	2018-10-24
	1. ILLINOIS TOOL WORKS INC COM		2018-03-08	2018-07-11
	5. ILLINOIS TOOL WORKS INC COM		2018-03-08	2018-10-18
	3. ILLINOIS TOOL WORKS INC COM		2018-03-09	2018-10-18
	5. ILLINOIS TOOL WORKS INC COM		2018-03-12	2018-10-18
	1. ILLINOIS TOOL WORKS INC COM		2018-03-13	2018-10-18
	4. ILLINOIS TOOL WORKS INC COM		2018-03-13	2018-10-22
	1. ILLINOIS TOOL WORKS INC COM		2018-03-14	2018-10-22
	6. ILLINOIS TOOL WORKS INC COM		2018-03-14	2018-10-22
	1. ILLINOIS TOOL WORKS INC COM		2018-03-15	2018-10-22
	2. ILLINOIS TOOL WORKS INC COM		2018-03-15	2018-10-23
	1. ILLINOIS TOOL WORKS INC COM		2018-03-19	2018-10-23
	1. ILLINOIS TOOL WORKS INC COM		2018-03-29	2018-10-23
	47. INTEL CORPORATION		2016-07-28	2018-01-12
	43. INTEL CORPORATION		2016-07-28	2018-01-16
	2. INTEL CORPORATION		2016-07-28	2018-07-11
	2. INTEL CORPORATION		2016-07-28	2018-08-01
	47. INTEL CORPORATION		2016-07-28	2018-08-22
	51. INTEL CORPORATION		2016-07-28	2018-08-23
	1. INTEL CORPORATION		2016-10-26	2018-08-23
	5. INTEL CORPORATION		2017-11-09	2018-08-23
	8. INTEL CORPORATION		2017-11-09	2018-08-24
	3. INTEL CORPORATION		2018-03-08	2018-08-24
	3. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-01-12
	1. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-07-11
	1. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-07-11
	28. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-10-25
	5. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-10-26
	3. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-10-26
	4. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-10-26
	3. INTERNATIONAL BUSINESS MACHINES CORP		2016-07-28	2018-10-26
	1. INTERNATIONAL BUSINESS MACHINES CORP		2016-08-18	2018-10-26
	1. INTERNATIONAL BUSINESS MACHINES CORP		2016-10-26	2018-10-26
	48. INVESCO PREFERRED ETF		2016-07-28	2018-06-21
	35. INVESCO PREFERRED ETF		2016-07-28	2018-07-11
	257. INVESCO EMERGING MARKETS		2016-07-28	2018-06-20
	21. INVESCO EMERGING MARKETS		2016-07-28	2018-07-11
	96. INVESCO EMERGING MARKETS		2016-07-28	2018-07-11
	7. ISHARES TIPS BOND ETF		2016-07-28	2018-03-06
	14. ISHARES TIPS BOND ETF		2016-07-28	2018-07-11
	7. ISHARES TIPS BOND ETF		2016-07-28	2018-07-11
	35. ISHARES IBOXX $ INVT GRADE CORP BD		2016-07-28	2018-07-11
	2813. ISHARES MSCI EAFE ETF		2016-07-28	2018-01-30
	37. ISHARES MSCI EAFE ETF		2016-10-26	2018-01-30
	12. ISHARES MSCI EAFE ETF		2016-11-22	2018-01-30
	1785. ISHARES MSCI EAFE ETF		2017-01-23	2018-01-30
	100. ISHARES MSCI EAFE ETF		2017-05-17	2018-01-30
	2. ISHARES MSCI EAFE ETF		2017-07-31	2018-01-30
	10. ISHARES NASDAQ BIOTECH ETF		2017-09-25	2018-07-11
	7. ISHARES IBOXX$ HIGH YIEL		2016-07-28	2018-06-21
	3. ISHARES IBOXX$ HIGH YIEL		2016-07-28	2018-07-11
	48. ISHARES MBS ETF		2016-07-28	2018-03-06
	25. ISHARES MBS ETF		2016-07-28	2018-06-21
	31. ISHARES MBS ETF		2016-07-28	2018-07-11
	6. ISHARES MBS ETF		2016-07-28	2018-07-11
	21. ISHARES 3-7 YR TREASURY BOND ETF		2016-07-28	2018-03-06
	10. ISHARES 3-7 YR TREASURY BOND ETF		2016-07-28	2018-07-11
	12. ISHARES 3-7 YR TREASURY BOND ETF		2016-07-28	2018-07-11
	692. ISHARES CORE MSCI EAFE ETF		2018-01-30	2018-06-20
	49. ISHARES CORE MSCI EAFE ETF		2018-01-30	2018-07-11
	55. ISHARES CORE MSCI EAFE ETF		2018-01-30	2018-08-01
	119. ISHARES CORE MSCI EMERGING MARKETS ETF		2016-07-28	2018-01-30
	11. ISHARES CORE MSCI EMERGING MARKETS ETF		2016-07-28	2018-07-11
	35. ISHARES CORE MSCI EMERGING MARKETS ETF		2016-07-28	2018-08-01
	11. J P MORGAN CHASE & CO		2016-07-28	2018-01-12
	4. J P MORGAN CHASE & CO		2016-07-28	2018-03-08
	2. J P MORGAN CHASE & CO		2016-07-28	2018-07-11
	1. J P MORGAN CHASE & CO		2016-07-28	2018-08-01
	9. KIMBERLY-CLARK CORP COM		2016-07-28	2018-01-12
	8. KIMBERLY-CLARK CORP COM		2016-07-28	2018-01-16
	10. KIMBERLY-CLARK CORP COM		2016-07-28	2018-04-23
	6. KIMBERLY-CLARK CORP COM		2016-10-18	2018-04-23
	2. KIMBERLY-CLARK CORP COM		2016-10-18	2018-04-23
	2. KIMBERLY-CLARK CORP COM		2016-10-19	2018-04-23
	2. KIMBERLY-CLARK CORP COM		2016-10-26	2018-04-23
	15. KRAFT (THE) HEINZ CO SHS		2016-07-28	2018-04-23
	18. KRAFT (THE) HEINZ CO SHS		2016-07-28	2018-04-24
	21. KRAFT (THE) HEINZ CO SHS		2016-07-28	2018-04-25
	7. KRAFT (THE) HEINZ CO SHS		2016-07-28	2018-04-26
	1. KRAFT (THE) HEINZ CO SHS		2016-10-26	2018-04-26
	2. LOCKHEED MARTIN CORP		2016-07-28	2018-01-12
	1. LOCKHEED MARTIN CORP		2016-07-28	2018-07-11
	4. LOCKHEED MARTIN CORP		2016-07-28	2018-08-06
	3. LOCKHEED MARTIN CORP		2016-07-28	2018-08-07
	2. LOCKHEED MARTIN CORP		2016-07-28	2018-08-08
	3. LOCKHEED MARTIN CORP		2016-07-28	2018-08-09
	2. LOCKHEED MARTIN CORP		2016-07-28	2018-08-10
	6. MC DONALDS CORPORATION COMMON		2016-07-28	2018-01-12
	1. MC DONALDS CORPORATION COMMON		2016-07-28	2018-07-11
	2. MERCK AND CO INC SHS		2018-01-12	2018-07-11
	1. MERCK AND CO INC SHS		2018-01-12	2018-08-01
	10. MERCK AND CO INC SHS		2018-01-12	2018-10-18
	12. METLIFE INC		2016-07-28	2018-01-12
	22. METLIFE INC		2016-07-28	2018-01-16
	15. METLIFE INC		2016-07-28	2018-01-17
	51. METLIFE INC		2016-07-28	2018-01-31
	30. METLIFE INC		2016-07-28	2018-02-01
	3. METLIFE INC		2016-10-26	2018-02-01
	1. METLIFE INC		2017-07-31	2018-02-01
	9. METLIFE INC		2017-08-09	2018-02-01
	16. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-07-28	2018-01-12
	15. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-07-28	2018-02-26
	12. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-07-28	2018-02-27
	17. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-07-28	2018-03-08
	36. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-07-28	2018-03-09
	4. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-07-28	2018-03-12
	2. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-08-03	2018-03-12
	2. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-08-17	2018-03-12
	1. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-08-17	2018-03-12
	1. OCCIDENTAL PETROLEUM CORPORATION COMMON		2016-10-26	2018-03-12
	1. OCCIDENTAL PETROLEUM CORPORATION COMMON		2017-01-18	2018-03-12
	4. OCCIDENTAL PETROLEUM CORPORATION COMMON		2017-01-18	2018-03-12
	1. OCCIDENTAL PETROLEUM CORPORATION COMMON		2017-01-19	2018-03-12
	1. OCCIDENTAL PETROLEUM CORPORATION COMMON		2017-01-23	2018-03-12
	2. OCCIDENTAL PETROLEUM CORPORATION COMMON		2017-01-24	2018-03-13
	14. PACCAR INC		2016-07-28	2018-03-08
	28. PACCAR INC		2016-07-28	2018-03-09
	6. PACCAR INC		2016-07-28	2018-03-12
	6. PACCAR INC		2016-07-28	2018-03-13
	4. PACCAR INC		2016-07-28	2018-03-14
	5. PACCAR INC		2016-07-28	2018-03-15
	1. PACCAR INC		2016-10-26	2018-03-15
	34. PFIZER INC COM		2016-07-28	2018-01-12
	29. PFIZER INC COM		2016-07-28	2018-01-16
	5. PFIZER INC COM		2016-07-28	2018-07-11
	19. PFIZER INC COM		2016-07-28	2018-10-18
	7. PHILIP MORRIS INTL INC		2016-07-28	2018-01-12
	26. PHILIP MORRIS INTL INC		2016-07-28	2018-04-20
	25. PHILIP MORRIS INTL INC		2016-07-28	2018-04-23
	6. PHILIP MORRIS INTL INC		2016-07-28	2018-04-24
	2. PHILIP MORRIS INTL INC		2016-08-17	2018-04-24
	1. PHILIP MORRIS INTL INC		2016-10-26	2018-04-24
	5. PHILIP MORRIS INTL INC		2017-01-18	2018-04-24
	2. PHILIP MORRIS INTL INC		2017-01-19	2018-04-24
	1. PHILIP MORRIS INTL INC		2017-01-20	2018-04-24
	1. PHILIP MORRIS INTL INC		2017-01-23	2018-04-24
	3. PHILIP MORRIS INTL INC		2017-01-24	2018-04-24
	16. PROCTER & GAMBLE CO COM		2016-07-28	2018-01-12
	5. PROCTER & GAMBLE CO COM		2016-07-28	2018-01-16
	25. PROCTER & GAMBLE CO COM		2016-07-28	2018-04-23
	33. PROCTER & GAMBLE CO COM		2016-07-28	2018-04-24
	16. PROCTER & GAMBLE CO COM		2016-07-28	2018-04-25
	1. PROCTER & GAMBLE CO COM		2016-10-26	2018-04-25
	8. PROCTER & GAMBLE CO COM		2017-07-18	2018-04-25
	1. PROCTER & GAMBLE CO COM		2017-07-19	2018-04-25
	4. ROYAL DUTCH SHEL PLC		2016-07-28	2018-07-11
	1. ROYAL DUTCH SHEL PLC		2016-07-28	2018-08-01
	1. SPDR KBW INSURANCE		2016-07-28	2018-01-31
	227. SPDR KBW INSURANCE		2016-07-28	2018-03-06
	86. SPDR KBW INSURANCE		2016-07-28	2018-06-21
	10. SPDR KBW INSURANCE		2016-07-28	2018-07-11
	13. SPDR KBW INSURANCE		2016-07-28	2018-08-01
	156. MATERIALS SELECT SECTOR SPDR FUND		2016-07-28	2018-03-28
	8. MATERIALS SELECT SECTOR SPDR FUND		2016-10-26	2018-03-28
	2. MATERIALS SELECT SECTOR SPDR FUND		2017-07-31	2018-03-28
	1. MATERIALS SELECT SECTOR SPDR FUND		2017-07-31	2018-07-11
	17. MATERIALS SELECT SECTOR SPDR FUND		2017-09-25	2018-07-11
	9. MATERIALS SELECT SECTOR SPDR FUND		2017-09-25	2018-08-01
	29. HEALTH CARE SELECT SPDR		2016-07-28	2018-07-11
	20. HEALTH CARE SELECT SPDR		2016-07-28	2018-08-01
	165. SECTOR SPDR CONSMRS STPL		2016-07-28	2018-01-31
	83. SECTOR SPDR CONSMRS STPL		2016-07-28	2018-03-06
	66. SECTOR SPDR CONSMRS STPL		2016-07-28	2018-07-11
	7. SECTOR SPDR CONSMRS STPL		2016-07-28	2018-08-01
	17. CONSUMER DISCRETIONARY SPDR		2016-07-28	2018-01-31
	180. CONSUMER DISCRETIONARY SPDR		2016-07-28	2018-03-28
	27. CONSUMER DISCRETIONARY SPDR		2016-07-28	2018-06-21
	6. CONSUMER DISCRETIONARY SPDR		2016-07-28	2018-07-11
	133. CONSUMER DISCRETIONARY SPDR		2016-07-28	2018-10-18
	8. ENERGY SELECT SECTOR SPDR FUND		2016-07-28	2018-01-31
	229. ENERGY SELECT SECTOR SPDR FUND		2016-07-28	2018-03-06
	14. ENERGY SELECT SECTOR SPDR FUND		2016-07-28	2018-06-22
	16. ENERGY SELECT SECTOR SPDR FUND		2016-07-28	2018-07-11
	18. SECTOR SPDR INDUSTRIAL		2016-07-28	2018-07-11
	64. SECTOR SPDR INDUSTRIAL		2016-07-28	2018-08-01
	372. REAL ESTATE SELECT		2016-09-23	2018-03-06
	51. REAL ESTATE SELECT		2016-09-23	2018-07-11
	14. REAL ESTATE SELECT		2016-09-23	2018-07-11
	357. UTILITIES SELECT SECTOR SPDR FUND		2016-07-28	2018-01-31
	251. UTILITIES SELECT SECTOR SPDR FUND		2016-07-28	2018-03-06
	10. UTILITIES SELECT SECTOR SPDR FUND		2016-07-28	2018-07-11
	1. SYSCO CORP		2018-05-01	2018-08-01
	1. TARGET CORP		2018-01-12	2018-07-11
	1. TARGET CORP		2018-01-12	2018-08-01
	1. TEXAS INSTRUMENTS INC		2017-12-08	2018-07-11
	1. TEXAS INSTRUMENTS INC		2017-12-08	2018-08-01
	12. TEXAS INSTRUMENTS INC		2017-12-08	2018-10-25
	10. TEXAS INSTRUMENTS INC		2017-12-11	2018-10-25
	11. TEXAS INSTRUMENTS INC		2017-12-13	2018-10-25
	12. TEXAS INSTRUMENTS INC		2017-12-14	2018-10-25
	1. TEXAS INSTRUMENTS INC		2017-12-15	2018-10-25
	2. TEXAS INSTRUMENTS INC		2017-12-15	2018-10-26
	6. TEXAS INSTRUMENTS INC		2018-01-12	2018-10-26
	4. TEXAS INSTRUMENTS INC		2018-01-16	2018-10-26
	8. TEXAS INSTRUMENTS INC		2018-01-17	2018-10-26
	3. TORONTO-DOMINION BANK (NEW)		2016-07-28	2018-07-11
	2. TORONTO-DOMINION BANK (NEW)		2016-07-28	2018-08-01
	10. TRANSCANADA CORP		2017-06-08	2018-05-23
	10. TRANSCANADA CORP		2017-06-09	2018-05-23
	1. TRANSCANADA CORP		2017-06-09	2018-05-24
	9. TRANSCANADA CORP		2017-06-12	2018-05-24
	1. TRANSCANADA CORP		2017-06-13	2018-05-24
	7. TRANSCANADA CORP		2017-06-13	2018-05-25
	8. TRANSCANADA CORP		2017-06-14	2018-05-25
	11. TRANSCANADA CORP		2017-06-14	2018-05-29
	9. TRANSCANADA CORP		2017-06-14	2018-05-30
	4. TRANSCANADA CORP		2017-06-15	2018-05-30
	4. TRANSCANADA CORP		2017-06-16	2018-05-30
	8. TRANSCANADA CORP		2017-06-19	2018-05-30
	17. TRANSCANADA CORP		2017-06-20	2018-05-30
	1. UNITED TECHNOLOGIES CORP		2017-10-30	2018-08-01
	6. UNITED TECHNOLOGIES CORP		2017-10-30	2018-08-22
	3. UNITED TECHNOLOGIES CORP		2017-10-30	2018-08-23
	2. UNITED TECHNOLOGIES CORP		2017-10-31	2018-08-23
	8. UNITED TECHNOLOGIES CORP		2017-10-31	2018-08-24
	4. VANECK VECTORS J.P.		2016-07-28	2018-01-31
	1157. VANECK VECTORS J.P.		2016-07-28	2018-06-20
	12. VANECK VECTORS J.P.		2016-07-28	2018-07-11
	1. VANECK VECTORS J.P.		2016-07-28	2018-07-11
	.5 VANECK VECTORS J.P		2017-07-31	2018-10-30
	45. VANGUARD INTERMEDIATE		2016-07-28	2018-03-06
	579. VANGUARD INTERMEDIATE		2016-07-28	2018-06-22
	13. VANGUARD INTERMEDIATE		2016-07-28	2018-07-11
	43. VANGUARD INTERMEDIATE		2016-07-28	2018-07-11
	51. VANGUARD SHORT TERM BOND		2016-07-28	2018-03-06
	38. VANGUARD SHORT TERM BOND		2016-07-28	2018-07-11
	40. VANGUARD FINANCIALS ETF		2016-07-28	2018-01-31
	14. VANGUARD FINANCIALS ETF		2016-07-28	2018-07-11
	40. VANGUARD FINANCIALS ETF		2016-07-28	2018-08-01
	42. VANGUARD INFORMATION		2016-07-28	2018-03-06
	8. VANGUARD INFORMATION		2016-07-28	2018-06-21
	7. VANGUARD INFORMATION		2016-07-28	2018-07-11
	163. VANGUARD INFORMATION		2016-07-28	2018-08-29
	14. VANGUARD TELECOMM SRVCS		2016-07-28	2018-03-06
	4. VANGUARD TELECOMM SRVCS		2016-07-28	2018-03-06
	196. VANGUARD TELECOMM SRVCS		2016-07-28	2018-03-06
	33. VANGUARD TELECOMM SRVCS		2016-09-23	2018-03-06
	5. VANGUARD TELECOMM SRVCS		2017-07-17	2018-03-06
	3. VANGUARD TELECOMM SRVCS		2017-07-18	2018-03-06
	5. VANGUARD TELECOMM SRVCS		2017-07-31	2018-03-06
	9. VANGUARD TELECOMM SRVCS		2017-10-24	2018-03-06
	4. VANGUARD TELECOMM SRVCS		2018-01-31	2018-03-06
	9. VENTAS INC		2016-07-28	2018-01-12
	9. VENTAS INC		2016-07-28	2018-01-16
	19. VENTAS INC		2016-07-28	2018-01-17
	10. VENTAS INC		2016-07-28	2018-03-08
	7. VENTAS INC		2016-07-28	2018-03-09
	15. VENTAS INC		2016-07-28	2018-03-12
	10. VENTAS INC		2016-07-28	2018-03-13
	8. VENTAS INC		2016-07-28	2018-03-14
	3. VENTAS INC		2016-07-28	2018-03-15
	4. VENTAS INC		2016-10-26	2018-03-15
	5. VENTAS INC		2017-04-18	2018-03-15
	5. VENTAS INC		2017-04-19	2018-03-16
	14. VERIZON COMMUNICATIONS INC		2016-07-28	2018-01-12
	20. VERIZON COMMUNICATIONS INC		2016-07-28	2018-03-08
	4. VERIZON COMMUNICATIONS INC		2016-07-28	2018-07-11
	11. VERIZON COMMUNICATIONS INC		2016-07-28	2018-11-29
	5. VODAFONE GROUP PLC SHS		2017-11-09	2018-08-01
	10. VODAFONE GROUP PLC SHS		2017-11-09	2018-08-31
	39. VODAFONE GROUP PLC SHS		2017-11-10	2018-08-31
	6. VODAFONE GROUP PLC SHS		2017-11-13	2018-08-31
	28. VODAFONE GROUP PLC SHS		2017-11-13	2018-09-04
	5. VODAFONE GROUP PLC SHS		2017-11-14	2018-09-04
	14. VODAFONE GROUP PLC SHS		2017-11-14	2018-09-05
	33. VODAFONE GROUP PLC SHS		2017-11-15	2018-09-05
	4. VODAFONE GROUP PLC SHS		2017-11-15	2018-09-06
	14. VODAFONE GROUP PLC SHS		2017-11-16	2018-09-06
	8. VODAFONE GROUP PLC SHS		2017-11-17	2018-09-06
	2. VODAFONE GROUP PLC SHS		2017-11-17	2018-09-07
	7. VODAFONE GROUP PLC SHS		2018-01-12	2018-09-07
	5. VODAFONE GROUP PLC SHS		2018-01-16	2018-09-07
	2. VODAFONE GROUP PLC SHS		2018-01-16	2018-09-10
	9. VODAFONE GROUP PLC SHS		2018-01-17	2018-09-10
	9. VODAFONE GROUP PLC SHS		2018-01-17	2018-09-11
	14. WELLS FARGO & CO NEW		2018-08-22	2018-11-08
	12. WELLS FARGO & CO NEW		2018-08-22	2018-12-12
	29. WELLS FARGO & CO NEW		2018-08-23	2018-12-12
	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	327	381	-54
b	1,400	1,610	-210
c	149	169	-20
d	64	85	-21
e	96	127	-31
	864	1,049	-185
	480	593	-113
	284	356	-72
	662	829	-167
	94	118	-24
	237	355	-118
	316	482	-166
	553	693	-140
	1,652	2,079	-427
	162	167	-5
	544	551	-7
	212	207	5
	958	895	63
	194	184	10
	591	553	38
	321	303	18
	388	370	18
	211	202	9
	35	34	1
	388	370	18
	877	841	36
	421	404	17
	629	606	23
	625	606	19
	35	34	1
	602	505	97
	52	49	3
	153	147	6
	451	442	9
	100	99	1
	2,416	2,340	76
	611	412	199
	614	417	197
	152	104	48
	304	211	93
	304	211	93
	319	211	108
	159	111	48
	476	334	142
	159	111	48
	165	111	54
	162	111	51
	377	222	155
	189	116	73
	58	46	12
	117	92	25
	733	553	180
	244	186	58
	601	464	137
	170	133	37
	224	217	7
	111	109	2
	116	106	10
	655	691	-36
	654	691	-37
	1,096	1,152	-56
	731	768	-37
	366	384	-18
	974	1,075	-101
	755	845	-90
	1,431	1,612	-181
	1,093	1,228	-135
	137	147	-10
	137	153	-16
	68	76	-8
	593	474	119
	73	59	14
	219	181	38
	71	60	11
	630	543	87
	560	488	72
	137	122	15
	412	365	47
	477	427	50
	555	547	8
	1,232	1,202	30
	367	361	6
	305	365	-60
	306	369	-63
	423	517	-94
	42	40	2
	6,470	5,738	732
	286	255	31
	352	358	-6
	352	362	-10
	440	452	-12
	39	45	-6
	37	45	-8
	167	227	-60
	469	628	-159
	469	640	-171
	268	365	-97
	335	453	-118
	205	272	-67
	513	678	-165
	308	406	-98
	68	91	-23
	140	153	-13
	1,257	1,584	-327
	406	514	-108
	243	309	-66
	284	361	-77
	203	257	-54
	122	154	-32
	568	725	-157
	244	313	-69
	203	260	-57
	325	418	-93
	203	260	-57
	203	273	-70
	283	385	-102
	243	332	-89
	158	221	-63
	198	276	-78
	277	386	-109
	39	55	-16
	39	55	-16
	142	165	-23
	646	826	-180
	388	509	-121
	646	843	-197
	129	170	-41
	509	681	-172
	127	169	-42
	764	1,016	-252
	127	170	-43
	246	340	-94
	123	169	-46
	123	163	-40
	2,031	1,630	401
	1,867	1,491	376
	103	69	34
	97	69	28
	2,214	1,630	584
	2,398	1,768	630
	47	35	12
	235	230	5
	379	369	10
	142	154	-12
	492	483	9
	145	161	-16
	145	161	-16
	3,542	4,506	-964
	624	805	-181
	374	482	-108
	499	642	-143
	374	475	-101
	125	160	-35
	125	153	-28
	696	735	-39
	515	536	-21
	6,785	7,721	-936
	571	631	-60
	2,608	2,884	-276
	785	816	-31
	1,577	1,632	-55
	789	816	-27
	4,038	4,320	-282
	208,073	160,847	47,226
	2,737	2,146	591
	888	680	208
	132,034	106,115	25,919
	7,397	6,554	843
	148	134	14
	1,166	1,105	61
	602	597	5
	256	256
	4,987	5,277	-290
	2,594	2,749	-155
	3,223	3,408	-185
	624	660	-36
	2,520	2,665	-145
	1,198	1,269	-71
	1,438	1,523	-85
	44,128	48,239	-4,111
	3,100	3,416	-316
	3,556	3,834	-278
	7,257	5,180	2,077
	575	479	96
	1,879	1,524	355
	1,224	702	522
	458	255	203
	214	128	86
	116	64	52
	1,016	1,173	-157
	914	1,043	-129
	995	1,304	-309
	597	723	-126
	199	241	-42
	199	240	-41
	199	227	-28
	866	1,271	-405
	1,022	1,525	-503
	1,198	1,779	-581
	398	593	-195
	57	88	-31
	668	506	162
	307	253	54
	1,265	1,011	254
	952	758	194
	631	506	125
	946	758	188
	627	506	121
	1,041	715	326
	159	119	40
	124	117	7
	66	59	7
	719	586	133
	639	459	180
	1,146	842	304
	786	574	212
	2,475	1,953	522
	1,451	1,149	302
	145	126	19
	48	49	-1
	435	433	2
	1,223	1,176	47
	1,014	1,103	-89
	810	882	-72
	1,075	1,250	-175
	2,287	2,647	-360
	256	294	-38
	128	148	-20
	128	143	-15
	64	71	-7
	64	74	-10
	64	69	-5
	256	278	-22
	64	69	-5
	64	68	-4
	129	136	-7
	954	813	141
	1,931	1,627	304
	409	349	60
	407	349	58
	266	232	34
	333	291	42
	67	55	12
	1,244	1,247	-3
	1,064	1,063	1
	186	183	3
	839	697	142
	732	682	50
	2,205	2,534	-329
	2,094	2,436	-342
	491	585	-94
	164	198	-34
	82	96	-14
	409	466	-57
	164	187	-23
	82	94	-12
	82	95	-13
	246	286	-40
	1,436	1,352	84
	450	423	27
	1,833	2,113	-280
	2,399	2,789	-390
	1,159	1,352	-193
	72	87	-15
	580	708	-128
	72	88	-16
	292	219	73
	70	55	15
	32	24	8
	7,053	5,464	1,589
	2,598	2,070	528
	305	241	64
	410	313	97
	8,798	7,612	1,186
	451	373	78
	113	110	3
	58	55	3
	994	958	36
	533	507	26
	2,507	2,174	333
	1,781	1,499	282
	9,520	8,936	584
	4,469	4,495	-26
	3,463	3,574	-111
	372	379	-7
	1,835	1,381	454
	17,958	14,628	3,330
	3,015	2,194	821
	669	488	181
	14,310	10,808	3,502
	597	532	65
	15,508	15,240	268
	1,037	932	105
	1,214	1,065	149
	1,307	1,044	263
	4,867	3,713	1,154
	11,294	12,403	-1,109
	1,685	1,700	-15
	463	467	-4
	18,057	18,463	-406
	12,399	12,981	-582
	524	517	7
	67	63	4
	78	76	2
	79	76	3
	112	98	14
	111	98	13
	1,103	1,180	-77
	919	983	-64
	1,011	1,087	-76
	1,103	1,201	-98
	92	101	-9
	181	201	-20
	543	673	-130
	362	452	-90
	723	935	-212
	173	130	43
	119	87	32
	422	471	-49
	422	473	-51
	42	47	-5
	377	428	-51
	42	48	-6
	292	336	-44
	333	384	-51
	454	527	-73
	377	431	-54
	168	189	-21
	168	191	-23
	335	385	-50
	712	807	-95
	135	120	15
	803	719	84
	399	360	39
	266	240	26
	1,064	959	105
	79	73	6
	19,761	20,884	-1,123
	205	216	-11
	17	18	-1
	16	19	-3
	3,658	3,962	-304
	46,644	50,981	-4,337
	1,053	1,145	-92
	3,483	3,786	-303
	3,993	4,129	-136
	2,968	3,077	-109
	2,958	1,962	996
	964	687	277
	2,822	1,962	860
	7,526	4,823	2,703
	1,497	919	578
	1,309	804	505
	32,875	18,717	14,158
	1,241	1,353	-112
	354	395	-41
	17,367	19,561	-2,194
	2,924	3,137	-213
	443	451	-8
	266	270	-4
	443	468	-25
	797	817	-20
	354	368	-14
	495	666	-171
	495	666	-171
	1,040	1,405	-365
	505	740	-235
	347	518	-171
	754	1,109	-355
	506	740	-234
	397	592	-195
	148	222	-74
	198	272	-74
	247	333	-86
	247	332	-85
	728	767	-39
	971	1,095	-124
	206	219	-13
	655	602	53
	122	147	-25
	216	294	-78
	843	1,141	-298
	130	173	-43
	595	806	-211
	106	152	-46
	298	425	-127
	703	1,012	-309
	86	123	-37
	301	429	-128
	172	246	-74
	43	62	-19
	151	223	-72
	108	161	-53
	43	65	-22
	195	286	-91
	195	286	-91
	744	829	-85
	570	711	-141
	1,378	1,706	-328
			42

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			-54
b			-210
c			-20
d			-21
e			-31
			-185
			-113
			-72
			-167
			-24
			-118
			-166
			-140
			-427
			-5
			-7
			5
			63
			10
			38
			18
			18
			9
			1
			18
			36
			17
			23
			19
			1
			97
			3
			6
			9
			1
			76
			199
			197
			48
			93
			93
			108
			48
			142
			48
			54
			51
			155
			73
			12
			25
			180
			58
			137
			37
			7
			2
			10
			-36
			-37
			-56
			-37
			-18
			-101
			-90
			-181
			-135
			-10
			-16
			-8
			119
			14
			38
			11
			87
			72
			15
			47
			50
			8
			30
			6
			-60
			-63
			-94
			2
			732
			31
			-6
			-10
			-12
			-6
			-8
			-60
			-159
			-171
			-97
			-118
			-67
			-165
			-98
			-23
			-13
			-327
			-108
			-66
			-77
			-54
			-32
			-157
			-69
			-57
			-93
			-57
			-70
			-102
			-89
			-63
			-78
			-109
			-16
			-16
			-23
			-180
			-121
			-197
			-41
			-172
			-42
			-252
			-43
			-94
			-46
			-40
			401
			376
			34
			28
			584
			630
			12
			5
			10
			-12
			9
			-16
			-16
			-964
			-181
			-108
			-143
			-101
			-35
			-28
			-39
			-21
			-936
			-60
			-276
			-31
			-55
			-27
			-282
			47,226
			591
			208
			25,919
			843
			14
			61
			5

			-290
			-155
			-185
			-36
			-145
			-71
			-85
			-4,111
			-316
			-278
			2,077
			96
			355
			522
			203
			86
			52
			-157
			-129
			-309
			-126
			-42
			-41
			-28
			-405
			-503
			-581
			-195
			-31
			162
			54
			254
			194
			125
			188
			121
			326
			40
			7
			7
			133
			180
			304
			212
			522
			302
			19
			-1
			2
			47
			-89
			-72
			-175
			-360
			-38
			-20
			-15
			-7
			-10
			-5
			-22
			-5
			-4
			-7
			141
			304
			60
			58
			34
			42
			12
			-3
			1
			3
			142
			50
			-329
			-342
			-94
			-34
			-14
			-57
			-23
			-12
			-13
			-40
			84
			27
			-280
			-390
			-193
			-15
			-128
			-16
			73
			15
			8
			1,589
			528
			64
			97
			1,186
			78
			3
			3
			36
			26
			333
			282
			584
			-26
			-111
			-7
			454
			3,330
			821
			181
			3,502
			65
			268
			105
			149
			263
			1,154
			-1,109
			-15
			-4
			-406
			-582
			7
			4
			2
			3
			14
			13
			-77
			-64
			-76
			-98
			-9
			-20
			-130
			-90
			-212
			43
			32
			-49
			-51
			-5
			-51
			-6
			-44
			-51
			-73
			-54
			-21
			-23
			-50
			-95
			15
			84
			39
			26
			105
			6
			-1,123
			-11
			-1
			-3
			-304
			-4,337
			-92
			-303
			-136
			-109
			996
			277
			860
			2,703
			578
			505
			14,158
			-112
			-41
			-2,194
			-213
			-8
			-4
			-25
			-20
			-14
			-171
			-171
			-365
			-235
			-171
			-355
			-234
			-195
			-74
			-74
			-86
			-85
			-39
			-124
			-13
			53
			-25
			-78
			-298
			-43
			-211
			-46
			-127
			-309
			-37
			-128
			-74
			-19
			-72
			-53
			-22
			-91
			-91
			-85
			-141
			-328

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	86,729
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	147,763	2,714,534	0.054434
2016	99,166	1,448,880	0.068443
2015	80,217	370,295	0.21663
2014	79,173	429,417	0.184373
2013	61,004	442,026	0.13801

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

0.66189

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 ......

0.132378

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

2,650,609

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

350,882

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

1,338

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

352,220

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

138,670

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	2,676
	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	2,676
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	2,676
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	1,660
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	1,660
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	1,016
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

US TRUST FIDUCIARY TAX SERVICES Telephone no. bullet

(609) 274-6834

Located at bullet

1300 AMERICAN BOULEVARDPENNINGTONNJ ZIP+4 bullet

08534

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-)
GINA MATOTT	PRESIDENT 31	25,868
27070 COUNTY HWY O CADOTT,WI54727	PRESIDENT 31	25,868
DIANA S HALL	SEC/TREASURER 21	12,010
23038 COUNTY HWY Z CORNELL,WI54732	SEC/TREASURER 21	12,010
SHERRY TANNLER	VICE PRESIDENT 13	12,000
8432 270TH STREET CADOTT,WI54727	VICE PRESIDENT 13	12,000

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

2,602,359

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

88,615

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

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

2,690,974

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

2,690,974

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

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

40,365

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

2,650,609

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

132,530

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

132,530

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

2,676

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

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

2,676

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

129,854

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

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

129,854

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

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

129,854

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 ..........

138,670

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

138,670

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

138,670

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					129,854
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	38,320
b From 2014......	56,518
c From 2015......	60,126
d From 2016......	24,654
e From 2017......	13,171
fTotal of lines 3a through e........		192,789
4Qualifying distributions for 2018 from Part
XII, line 4: $ 138,670
a Applied to 2017, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					129,854
e Remaining amount distributed out of corpus		8,816
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		201,605
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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		38,320
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		163,285
10 Analysis of line 9:
a Excess from 2014....	56,518
b Excess from 2015....	60,126
c Excess from 2016....	24,654
d Excess from 2017....	13,171
e Excess from 2018....	8,816

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
UNIVERSITY OF WISCONSIN-LA CROSSE 1725 STATE ST LA CROSSE,WI54601	N/A	PC	SCHOLARSHIPS FOR BOOKS &	1,875
UNIVERSITY OF WISCONSIN-STOUT 712 BROADWAY ST S MENOMONIE,WI54751	N/A	PC	SCHOLARSHIPS FOR BOOKS &	4,350
UNIVERSITY OF WISCONSIN-MADISON 1848 UNIVERSITY AVE MADISON,WI53706	N/A	PC	SCHOLARSHIPS FOR BOOKS &	1,150
UNIVERSITY OF WISCONSIN-EAU CLAIRE 105 GARFIELD AVE EAU CLAIRE,WI54701	N/A	PC	SCHOLARSHIPS FOR BOOKS &	14,550
CHIPPEWA VALLEY TECHNOLOICAL COLLEGE 620 W CLAIRMONT AVE EAU CLAIRE,WI54701	N/A	PC	SCHOLARSHIPS FOR BOOKS &	1,750
UNIVERSITY OF MINNESOTA-DULUTH 1049 UNIVERSITY DR DULUTH,MN55812	N/A	PC	SCHOLARSHIPS FOR BOOKS &	2,000
UNIVERSITY OF WISCONSIN-RIVER FALLS 410 S 3RD ST RIVER FALLS,WI54022	N/A	PC	SCHOLARSHIPS FOR BOOKS &	8,000
WINONA STATE UNIVERSITY 175 W MARK ST WINONA,MN55987	N/A	PC	SCHOLARSHIPS FOR BOOKS &	6,950
UNIVERSITY OF ST THOMAS 2115 SUMMIT AVENUE ST PAUL,MN55105	N/A	PC	SCHOLARSHIPS FOR BOOKS AND	3,600
SOUTH DAKOTA SCHOOL OF MINES 501 E ST JOSEPH ST RAPID CITY,SD57701	N/A	PC	SCHOLARSHIPS FOR BOOKS &	3,600
UNIVERSITY OF DUBUQUE 2000 UNIVERSITY DUBUQUE,IA52001	N/A	PC	SCHOLARSHIPS FOR BOOKS &	3,300
ST OLAF COLLEGE 1520 ST OLAF AVE NORTHFIELD,MN55057	N/A	PC	SCHOLARSHIPS FOR BOOKS &	3,250
MICHIGAN TECH UNIVERSITY 1400 TOWNSEND DR HOUGHTON,MI44931	N/A	PC	SCHOLARSHIPS FOR BOOKS &	2,050
BETHANY GLOBAL UNIVERSITY 6820 AUTO CLUB RD BLOOMINGTON,MN55438	N/A	PC	SCHOLARSHIPS FOR BOOKS &	800
ST EDWARDS UNIVERSITY 3001 S CONGRESS AVE AUSTIN,TX78704	N/A	PC	SCHOLARSHIPS FOR BOOKS &	3,300
VITERBO UNIVERSITY 900 VITERBO DR LA CROSSE,WI54601	N/A	PC	SCHOLARSHIPS FOR BOOKS &	800
UNIVERSITY OF MINNESOTA-TWIN CITIES 100 CHURCH ST SE MINNEAPOLIS,MN55455	N/A	PC	SCHOLARSHIPS FOR BOOKS &	6,000
ROOSEVELT UNIVERSITY 430 S MICHIGAN AVE CHICAGO,IL60605	N/A	PC	SCHOLARSHIPS FOR BOOKS &	3,600
UNIVERSITY OF MINNESOTA-ROCHESTER 111 S BROADWAY ST ROCHESTER,MN55904	N/A	PC	SCHOLARSHIPS FOR BOOKS &	2,700
Total ................................. 3a				73,625

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	71,718
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	86,729
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)..				158,447

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

158,447

(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

Name of Stock	End of Year Book Value	End of Year Fair Market Value
891160509 TORONTO-DOMINION BAN	7,360	8,104
718172109 PHILIP MORRIS INTL I
459200101 INTERNATIONAL BUSINE
580135101 MC DONALDS CORPORATI	4,237	6,215
46625H100 J P MORGAN CHASE & C	9,399	10,641
046353108 ASTRAZENECA PLC SPON	4,744	5,659
00206R102 AT& T INC	8,563	6,336
500754106 KRAFT (THE) HEINZ CO
458140100 INTEL CORPORATION
191216100 COCA-COLA CO USD	6,726	7,387
92276F100 VENTAS INC
37045V100 GENERAL MOTORS CO
17275R102 CISCO SYS INC	9,698	10,962
12572Q105 CME GROUP INC	6,574	10,158
780259107 ROYAL DUTCH SHEL PLC	8,219	8,991
742718109 PROCTER & GAMBLE CO
539830109 LOCKHEED MARTIN CORP	6,498	6,022
291011104 EMERSON ELECTRIC COM
253868103 DIGITAL RLTY TR INC	6,803	6,819
143658300 CARNIVAL CORP	4,251	3,796
92857W308 VODAFONE GROUP PLC S
92343V104 VERIZON COMMUNICATIO	5,559	6,184
89353D107 TRANSCANADA CORP
404280406 HSBC HLDGS PLC
25746U109 DOMINION RES INC VA
025537101 AMERICAN ELECTRIC PO	6,167	6,577
054937107 BB&T CORP COM	6,091	5,198
693718108 PACCAR INC
59156R108 METLIFE INC
494368103 KIMBERLY-CLARK CORP
674599105 OCCIDENTAL PETROLEUM
913017109 UNITED TECHNOLOGIES	7,009	5,856
882508104 TEXAS INSTRUMENTS IN
717081103 PFIZER INC COM	5,910	6,984
69351T106 PPL CORP
58933Y105 MERCK AND CO INC SHS	8,391	9,780
87612E106 TARGET CORP	6,570	5,552
H1467J104 CHUBB LTD	4,708	4,780
871829107 SYSCO CORP	5,601	5,514
097023105 BOEING COMPANY	4,817	4,515
30231G102 EXXON MOBIL CORP	7,114	6,001
713448108 PEPSICO INC	7,970	7,955
931142103 WAL MART STORES INC	4,638	4,378
478160104 JOHNSON & JOHNSON CO	6,947	6,453
949746101 WELLS FARGO & CO NEW	2,882	2,258
009158106 AIR PRODUCTS AND CHE	6,093	5,762
031162100 AMGEN INC	4,492	4,672
11135F101 BROADCOM LTD	4,888	4,831
22822V101 CROWN CASTLE REIT IN	8,690	8,690
26441C204 DUKE ENERGY CORP NEW	4,557	4,747
30161N101 EXELON CORP	4,824	5,367
828806109 SIMON PPTY GROUP INC	6,622	6,720
166764100 CHEVRONTEXACO CORP	4,769	4,352

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
464287242 ISHARES IBOXX INVEST	AT COST	164,899	155,128
81369Y407 CONSUMER DISCRETIONA	AT COST	59,203	62,079
81369Y100 MATERIALS SELECT SEC	AT COST	50,259	42,235
92189F494 VANECK VECTORS J.P.
81369Y308 CONSUMER STAPLES SEL	AT COST	79,936	75,408
464288588 ISHARES MBS ETF	AT COST	250,273	240,172
464288513 ISHARES IBOXX$ HIGH	AT COST	33,909	32,116
464287176 ISHARES TIPS BOND ET	AT COST	70,997	66,801
464287465 ISHARES TR
92204A702 VANGUARD INFORMATION	AT COST	71,017	97,762
46434G103 ISHARES CORE MSCI EM	AT COST	105,114	108,586
464287556 ISHARES NASDAQ BIOTE	AT COST	37,828	33,461
92204A884 VANGUARD TELECOMM SR
81369Y886 UTILITIES SELECT SEC	AT COST	16,210	16,881
92204A405 VANGUARD FINANCIALS	AT COST	97,873	102,633
921937827 VANGUARD SHORT TERM	AT COST	208,088	204,911
81369Y209 HEALTH CARE SELECT S	AT COST	65,546	73,360
921937819 VANGUARD INTERMEDIAT	AT COST	245,169	228,344
81369Y704 INDUSTRIAL SELECT SE	AT COST	93,776	97,903
81369Y506 ENERGY SELECT SECTOR	AT COST	22,253	18,753
73936T573 POWERSHARES GLOBAL
73936T565 POWERSHARES GLOBAL
464288661 ISHARES 3-7 YEAR TRE	AT COST	107,979	103,554
81369Y860 REAL ESTATE SELECT	AT COST	37,278	35,247
78464A789 SPDR KBW INSURANCE	AT COST	10,873	12,256
46138E511 INVESCO PREFERRED ET	AT COST	23,605	21,027
92189H300 VANECK VECTORS J.P	AT COST	11,656	10,758
46138E784 INVESCO EMERGING MAR	AT COST	74,492	65,865
81369Y852 COMM SERVICES SELECT	AT COST	15,837	13,994
33733E302 FIRST TR EXCHANGE TR	AT COST	43,641	40,481
46432F842 ISHARES CORE MSCI EA	AT COST	307,007	242,605

Category	Amount	Net Investment Income
FOREIGN TAXES	972	972
EXCISE TAX - PRIOR YEAR	84	0
EXCISE TAX ESTIMATES	1,660	0
FOREIGN TAXES ON NONQUALIFIED	256	256

Description	Amount
TYE INCOME ADJ	25
TYE SALES ADJ	56
WASH SALE ADJ	1,232