Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
The Valentine Foundation
 
% The Valentine Foundation
Number and street (or P.O. box number if mail is not delivered to street address)2618 Kirsten Lee Drive
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Westlake Village, CA91361
A Employer identification number

90-0527475
B Telephone number (see instructions)

(805) 258-1778
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$10,541,480J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 30,309
2 Check bullet.............
3 Interest on savings and temporary cash investments 292 292  
4 Dividends and interest from securities... 306,884 306,884  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 235,141
b Gross sales price for all assets on line 6a 3,740,989
7 Capital gain net income (from Part IV, line 2)... 240,713
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 572,626 547,889  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000     75,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 108,423 108,423    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,458 677    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 35,708 1,023   34,685
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 233,589 110,123   109,685
25 Contributions, gifts, grants paid....... 610,000 610,000
26 Total expenses and disbursements. Add lines 24 and 25 843,589 110,123   719,685
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -270,963
b Net investment income (if negative, enter -0-) 437,766
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 164,730 375,502 375,502
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,106,211 Click to see attachment1,106,644 1,093,852
b Investments—corporate stock (attach schedule)....... 9,003,913 Click to see attachment8,545,107 8,496,927
c Investments—corporate bonds (attach schedule)....... 637,256 Click to see attachment613,894 575,199
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,912,110 10,641,147 10,541,480
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 10,912,110 10,641,147
30 Total net assets or fund balances (see instructions)..... 10,912,110 10,641,147
31 Total liabilities and net assets/fund balances (see instructions). 10,912,110 10,641,147
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
10,912,110
2
Enter amount from Part I, line 27a .....................
2
-270,963
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
10,641,147
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
10,641,147
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,740,989   3,500,276 240,713
b
c
d
e
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       240,713
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 240,713
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 469,696 10,390,258 0.045205
2016 15,882 226,340 0.070169
2015 16,050 241,220 0.066537
2014 16,050 265,222 0.060515
2013 15,874 250,307 0.063418
2
Total of line 1, column (d) .....................
2
0.305844
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.061169
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
11,035,859
5
Multiply line 4 by line 3......................
5
675,052
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,378
7
Add lines 5 and 6........................
7
679,430
8
Enter qualifying distributions from Part XII, line 4,.............
8
719,685
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 4,378
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 4,378
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,378
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 8,130
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,130
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,752
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet3,752 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNV
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletThe Valentine Foundation Telephone no.bullet (805) 258-1778

    Located atbullet2618 Kirsten Lee DriveWestlake VillageCA ZIP+4bullet91361
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Francis Dawson Dir
    1.0     		15,000 0 0
    2618 Kirsten Lee Drive
    Westlake Village,CA91361
    Clint Howard Dir
    1.0     		15,000 0 0
    2618 Kirsten Lee Drive
    Westlake Village,CA91361
    Malcolm G Meador Dir, Pres
    1.0     		15,000 0 0
    2618 Kirsten Lee Drive
    Westlake Village,CA91361
    Philip Garrett Panitz Sec, Dir
    1.0     		15,000 0 0
    2618 Kirsten Lee Drive
    Westlake Village,CA91361
    Frank Perna Dir, Treas
    1.0     		15,000 0 0
    2618 Kirsten Lee Drive
    Westlake Village,CA91361
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Morgan Stanley Investment Mgmt 108,423
    58 south service rd ste 400
    MELVILLE,NY11747
    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)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,017,490
    b
    Average of monthly cash balances.......................
    1b
    186,428
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,203,918
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    11,203,918
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    168,059
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,035,859
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    551,793
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    551,793
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,378
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,378
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    547,415
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    547,415
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    547,415
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    719,685
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    719,685
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    4,378
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    715,307
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 547,415
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 19,986
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 719,685
    a Applied to 2017, but not more than line 2a 19,986
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 547,415
    e Remaining amount distributed out of corpus 152,284
    5 Excess distributions carryover applied to 2018.    
    (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 5 152,284
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		152,284
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018.... 152,284
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AREA CHRISTIANS TAKING INITIATIVE ON NEEDS
    4001 MISSION OAKS BLVD STE S
    CAMARILLO,CA93012     		N/A PC General & Unrestricted 25,000
    KETTERING UNIVERSITY
    1700 UNIVERSITY AVE
    FLINT,MI48504     		N/A PC General & Unrestricted 200,000
    UNIVERSITY OF REDLANDS
    1200 E COLTON AVE
    REDLANDS,CA92374     		N/A PC General & Unrestricted 260,000
    VCBA - VOLUNTEER LAWYER SERVICES PROGRAM INC
    1000 LAKEVIEW CANYON RD
    WESTLAKE VLG,CA91362     		N/A PC General & Unrestricted 25,000
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BLVD
    BRONX,NY10460     		N/A PC General & Unrestricted 100,000
    Total .................................bullet 3a 610,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 292  
    4 Dividends and interest from securities....     14 306,884  
    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 ............     		    18 235,141  
    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)..   542,317  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    542,317
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    The Valentine Foundation
     
    Employer identification number

    90-0527475
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    The Valentine Foundation
          		Employer identification number
    90-0527475
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Estate of Nellie Rebecca Valentine  
    100 E Thousand Oaks Blvd
     
    Thousand Oaks, CA91360

    		$ 30,309


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    The Valentine Foundation
          		Employer identification number

    90-0527475
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    The Valentine Foundation
          		Employer identification number

    90-0527475
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    The Valentine Foundation
    EIN:
    90-0527475
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    The Valentine Foundation
    EIN:
    90-0527475
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP - 4.125% - 01/2 67,414 64,872
    BP CAP MKTS P L C NOTE CALL - 34,467 32,912
    CITIGROUP INC NOTE - 3.668% - 52,659 49,151
    ENTERPRISE PRODUCTS OPERTATING 32,433 33,029
    GE CAP CORP NTS - 5.875% - 01/ 62,388 48,761
    GOLDMAN SACHS GROUP INC - 4.00 51,042 48,352
    JPM CHASE - 4.400% - 07/22/202 67,291 64,140
    MICROSOFT CORP - 4.250% - 02/0 72,619 68,247
    SHELL INT'L FINANCE - 2.875% - 52,919 50,835
    VERIZON COMMUNICATIONS INC - 5 67,460 64,976
    WELLS FARGO &CO MTN - 3.584% - 53,202 49,924

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Valentine Foundation
    EIN:
    90-0527475
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 8,578 8,003
    ABB LTD 6,664 5,000
    ABBVIE INC 19,792 23,508
    ABN AMRO BANK NV UNSP ADR 6,729 5,271
    ACADIA HEALTHCARE CO INC 9,379 5,373
    ACCELERATE DIAGNOSTICS INC 1,307 667
    ACCENTURE PLC 39,819 41,598
    ADIDAS AG 4,474 3,965
    ADOBE SYSTEMS, INC 25,567 42,533
    AERCAP HOLDING N.V 3,935 3,326
    AIA GROUP LTD ADR 19,810 22,884
    ALASKA AIR GROUP INC 2,957 2,617
    ALFA LAVAL AB 4,264 4,924
    ALLEGHANY CP 5,680 5,610
    ALLEGHENY TECH 1,513 1,219
    ALLEGION PLC 5,123 4,942
    ALLERGAN PLC 14,477 7,886
    ALLIANT CORP 2,575 2,873
    ALLIANZ SE ADR 11,011 12,326
    ALLSTATE CORP 2,029 1,983
    ALLY FINANCIAL INC 1,882 1,971
    ALPHABET INC CL A 12,622 15,674
    ALPHABET INC CL C 37,885 47,638
    ALTRIA GROUP INC 24,589 17,435
    AMBEV SA 4,120 3,316
    AMERICAN ELECTRIC POWER INC 4,899 5,755
    AMERICAN WOODMARK CORP 1,532 1,058
    AMERIPRISE FINANCIAL INC 9,631 7,828
    AMERISOURCEBERGEN CORP 3,057 2,530
    AMGEN INC 34,145 35,235
    AMN HEALTHCARE SERVICES INC 1,109 1,360
    AMNEAL PHARMACEUTICALS INC 1,379 1,109
    AMPHENOL CORPORATION 3,060 3,565
    ANHEUSER BUSCH COS INC 12,406 8,292
    ANNALY MTG MGMT INC. COM 6,207 5,509
    ANSYS INC 7,778 9,148
    ANTERO RESOURCES CORPORATION 6,043 2,967
    AON PLC 8,302 10,321
    APPLE INC 30,686 36,596
    APPLIED MATERIALS INC 708 786
    ARAMARK 11,642 8,778
    ARCH CAPITAL GROUP LTD 2,814 2,832
    ASGN INC 1,305 1,526
    ASHTEAD GROUP PLC 3,277 3,187
    ASPEN PHARMACARE HOLDINGS LTD 5,774 2,655
    ASSA ABLOY UNSP/ADR 10,330 9,322
    ASTRAZENECA 3,538 4,406
    AT&T, INC 23,739 18,323
    ATLAS COPCO AB A SHS ADR 10,202 9,046
    AVERY DENNISON CORP 16,397 17,427
    BAIDU.COM - ADR 12,191 10,468
    BANCO BILBAO ARG SA 18,426 14,553
    BANCO ITAU HOLDING FINANCIERA 8,767 9,131
    BANK OF AMERICA CORP 12,001 12,517
    BANNER CORP 694 642
    BARNES GPOUP INC 1,684 1,448
    BAYER A G SPONSORED ADR 16,606 10,173
    BAYERISCHE MOTOREN WERKE AG AD 4,644 4,126
    BCE INC 14,982 13,243
    BECTON DICKINSON & CO 14,585 18,251
    BERKSHIRE HATHAWAY INC. CLASS 26,543 32,465
    BHP BILLITON LIMITED 10,363 12,314
    BIOGEN INC 9,565 9,930
    BIOTELEMETRY INC 1,035 2,030
    BOK FINANCIAL CORP 5,250 4,693
    BOOKING HOLDINGS INC 19,142 15,502
    BOTTOMLINE TECHNOLOGIES, INC 1,889 2,640
    BP PLC SPONSORED ADR 14,318 14,978
    BRANDYWINE RLTY TR 1,703 1,377
    BRITISH AMERICAN TOBACCO PLC 13,138 6,914
    BROADCOM INC 9,520 10,425
    BROADRIDGE FINANCIAL 7,160 10,106
    BURLINGTON STORES, INC 3,634 5,531
    CABOT OIL & GAS CORP 5,002 4,783
    CADENCE BANCORPORATION 1,961 1,208
    CAESARS ENTERTAINMENT CORPORAT 3,893 2,377
    CALLAWAY GOLF CO 1,144 1,193
    CALLON PETROLEUM CO 2,003 1,077
    CALRSBERG AS SP ADR REP B 5,144 5,971
    CAN IMPERIAL BK OF COMMERCE 12,001 10,063
    CANADIAN NATL RAILWAY CO 13,790 14,303
    CANTEL MEDICAL CORPORATION 1,550 1,415
    CAPITAL ONE FINANCIAL CORP 8,952 8,164
    CARDINAL HEALTH INC 3,246 2,408
    CASEY'S GENERAL STORES, INC 4,500 4,997
    CAVCO INDS INC DEL 1,559 1,043
    CDK GLOBAL INC 5,051 4,453
    CDW CORP 6,402 7,376
    CHARLES RIV LABORATORIES INTL 4,659 4,867
    CHARLES SCHWAB CORP 29,373 26,164
    CHART INDUSTRIES, INC 1,429 1,366
    CHATHAM LODGING TRUST 1,399 1,220
    CHECK POINT SOFTWARE TECHNOLOG 13,809 13,960
    CHEVRON CORP 16,391 15,992
    CHILDREN'S PLACE 1,236 991
    CHUBB LIMITED 8,793 8,397
    CHURCH & DWIGHT 22,843 30,841
    CIENA CORP 1,404 1,458
    CINTAS CRP 3,214 4,536
    CIT GROUP INC 3,948 3,521
    CODEXIS INC 1,704 1,737
    COGNIZANT TECHNOLOGY SOLUTIONS 5,007 4,951
    COLGATE-PALMOLIVE COMPANY 5,391 4,643
    COLONY FINANCIAL INC 4,199 3,070
    COMFORT SYSTEMS USA INC 1,454 1,878
    COMPAGNIE FINANCIERE RICHEMONT 4,036 3,431
    COMPASS GROUP PLC ADR 9,048 9,823
    CONCHO RESOURCES INC 5,889 4,317
    CONSUMER DISCRETIONARY SELECT 77,390 73,663
    CONTROL4 CORPORATION 1,684 1,267
    COOPER COMPANIES INC 7,808 9,162
    COPART INC 4,629 5,017
    COSTCO WHOLESALE CORPORATION 24,636 29,945
    COTY INC 3,807 2,348
    CROWN CASTLE INTL 16,074 18,250
    CULLEN FROST BANKERS INC 5,332 5,101
    DAIWA HOUSE IND LTD 7,428 8,618
    DANAHER CORP 10,388 12,787
    DASSAULT SYS SA SPN ADR 6,683 9,506
    DAVE AND BUSTERS ENTERTAINMENT 1,170 1,114
    DBS GROUP HLDGS SPON ADR 14,990 19,103
    DELEK US HLDGS INC 1,412 1,268
    DENTSPLY SIRONA INC 4,375 3,051
    DIAMONDBACK ENERGY INC 6,360 5,377
    DISCOVERY INC (FORMERLY DISC C 2,798 3,116
    DISH NETWORK CORPORATION 6,783 3,521
    DOMINION ENERGY INC 15,803 15,221
    DUKE ENERGY CO 15,017 16,397
    E*TRADE FINANCIAL CORP 1,357 1,316
    EAGLE BANCORP INC 1,468 1,169
    EAST WEST BANCORP, INC 9,691 6,225
    EASTGROUP PROPERTIES INC 2,138 2,110
    ECOLAB INC 23,029 27,554
    EDWARDS LIFESCIENCES 2,511 4,289
    ELECTRONIC ARTS 9,781 6,471
    ELI LILLY & CO 12,509 12,729
    EMERSON ELECTRIC CO 9,557 7,827
    ENTEGRIS INC MINNESOTA 1,292 1,479
    EPIROC AB 1,485 1,592
    EQT CORPORATION 2,274 2,305
    EQUINOR ASA 3,187 3,832
    EQUITY LIFESTYLE PRP 5,593 5,634
    ETSY INC 5,732 5,423
    EURONET WORLDWIDE INC 1,445 1,843
    EVOLENT HEALTH INC 2,226 1,736
    EXXON MOBIL CORP 18,737 15,752
    FANUC LIMITED UNSPONSORED 12,181 9,247
    FEDEX CORPORATION 14,131 11,777
    FERGUSON PLC ADR 6,726 6,504
    FERRO CORP 756 612
    FIDELITY NATIONAL FINANCIAL IN 2,653 2,767
    FINANCIAL SELECT SECTOR SPDR F 96,010 91,755
    FIRST DATA CORP 1,569 1,471
    FIRST ENERGY CORP 3,143 3,905
    FIRST REPUBLIC BANK 6,204 5,301
    FIVE BELOW INC 5,291 5,116
    FIVE9 INC 2,050 2,448
    FOMENTO ECONOMICO MEXICANO 4,463 4,475
    FOOT LOCKER INC N.Y. COM 2,183 2,181
    FUCHS PETROLUB SE 4,877 4,350
    G III APPAREL GRP LTD 1,363 1,673
    GAMING AND LEISURE PROPERTIES, 2,282 2,197
    GCI LIBERTY, INC. 2,369 2,017
    GEN DYNAMICS CP 11,354 8,804
    GENERAC HOLDING INC 5,312 4,672
    GENERAL MILLS INC 12,619 9,346
    GENMAB A/S 2,929 2,505
    GENPACT LIMITED 4,125 4,642
    GLAXOSMITHKLINE PLC 16,134 14,978
    GRACO INC 11,534 10,923
    GRANITESHARES GOLD TRUST 43,543 42,840
    GRIFOLS SA REP 1/2 CL B 3,598 3,727
    GRUPO FIN ADR 4,236 4,214
    HALLIBURTON COMPANY 11,469 6,884
    HDFC BANK LTD ADR 4,019 4,765
    HEALTHCARE SVCS GROUP INC 9,491 9,161
    HEALTHEQUITY INC 974 1,193
    HEARTLAND FINANCIAL USA, INC. 2,258 2,022
    HELEN OF TROY LIMITED 2,033 2,099
    HENRY JACK & ASSOC INC 3,587 4,934
    HENRY SCHEIN INC 15,069 13,898
    HILLENBRAND, INC 1,872 1,934
    HILTON GRAND VACATIONS INC. 1,660 1,188
    HOME DEPOT INC 47,047 57,044
    HOULIHAN LOKEY INC 2,545 2,061
    HSBC HOLDINGS PLC 5,420 5,057
    HUBSPOT INC 1,998 2,263
    HUNTINGTON BANCSHARES INC 3,962 3,302
    HYATT HOTELS CORP 5,721 4,867
    IBERIABANK CORPORATION 1,552 1,286
    ICF INTERNATIONAL, INC 1,492 1,360
    ICICI BK LTD ADS 4,109 5,546
    ICU MEDICAL, INC 896 1,378
    IMAX CORPORATION 1,528 1,524
    INFINEON TECH ADS 12,284 11,474
    INFORMA PLC SPONSORED ADR 3,568 3,452
    INT'L FLAVORS & FRAGRANCES INC 4,129 4,431
    INTEGRATED DEVICE TECHNOLOGY I 1,395 2,276
    INTEL CORP 22,381 21,447
    INTER PARFUMS INC 1,295 2,426
    INTERCONTINENTAL EXCHANGE, INC 12,750 15,895
    INTUITIVE SURGICAL 5,801 11,494
    INVESCO OPTIMUM YIELD DIVERSIF 33,379 26,282
    INVESCO PLC 3,961 2,427
    IRON MOUNTAIN 3,133 3,047
    ISHARES 20+ YR TREAS BD 31,146 31,593
    ISHARES BARCLAYS 1-3 YEAR TREA 351,766 351,706
    ISHARES BARCLAYS SHORT TREASUR 170,616 170,634
    ISHARES BARCLAYS TIPS BOND FUN 55,570 53,331
    ISHARES BARCLAYS US AGGREGATE 32,241 32,799
    ISHARES BARCLAYS US TREASURY B 220,178 217,709
    ISHARES CORE MSCI EMERGING MAR 36,369 34,042
    ISHARES GOLD TRUST 21,204 21,581
    ISHARES MSCI CHINA INDEX FUND 19,103 15,944
    J2 GLOBAL INC 2,454 2,151
    JAZZ PHARMACEUTICALS INC 5,498 3,843
    JBG SMITH PROPERTIES 4,301 4,038
    JEFFERIES GROUP INC 5,115 4,218
    JGC CORP ADR 5,557 4,429
    JOHNSON & JOHNSON 29,771 32,392
    JOHNSON CONTROLS INTERNATIONAL 11,477 8,954
    JP MORGAN CHASE 24,519 26,748
    KADANT INC 1,519 1,222
    KAO CORP 4,913 5,737
    KELLOGG CO 3,512 2,908
    KEYSIGHT TECHNOLOGIES INC 5,210 5,339
    KIMBERLY CLARK CORP 10,242 9,343
    KOMATSU LTD 9,877 8,185
    KORN FERRY INTL 1,526 1,107
    KRAFT HEINZ CO 4,649 3,443
    KRANESHARES CSI CHINA INTERNET 19,041 12,150
    KROGER CO 8,328 7,645
    KUBOTA CORPORATION 4,959 4,297
    L'AIR LIQUIDE ADR OTC 9,981 11,126
    L'OREAL ADR 8,606 10,684
    LABORATORY CORP AMER HLDGS 22,268 19,333
    LAKELAND FINANCIAL CORPORATION 1,475 1,325
    LAMB WESTON HOLDINGS INC 4,644 4,929
    LEIDOS HOLDINGS INC 4,716 3,954
    LENNAR CORP 10,529 9,005
    LENNAR CORP CL B 152 125
    LENNOX INTL INC 4,200 5,472
    LIBERTY EXPEDIA HOLDINGS INC S 3,666 3,403
    LIBERTY SIRIUS XM CORP - SER C 1,432 1,405
    LIGAND PHARMACEUTICALS INC 1,627 1,764
    LINDE PLC COM 7,708 7,646
    LITTELFUSE, INC 6,496 4,973
    LIVANOVA PLC 735 1,372
    LKQ CORPORATION 4,235 3,180
    LOEWS CORP 4,011 3,915
    LONZA GROUP AG UNSP/ADR 6,960 6,913
    LVMH MOET HENN UNSP 5,198 7,483
    MADDEN STEVEN LTD 2,110 2,179
    MAKITA CORP 7,136 7,280
    MALIBU BOATS INC 1,358 1,253
    MANPOWER GROUP INC 2,310 1,750
    MARSH AND MCLENNAN COMPANIES I 13,326 13,797
    MARTIN MARIETTA MATLS INC 10,567 8,250
    MASCO CORP 4,755 4,152
    MASTERCARD INC 25,476 43,955
    MATADOR RESOURCES COMPANY 1,734 1,041
    MAXIMUS INC 2,347 2,343
    MCCORMICK & CO 16,767 23,810
    MEDIDATA SOLUTIONS, INC 1,399 1,416
    MEDTRONIC PLC 31,109 34,838
    META FINANCIAL GROUP, INC 1,092 640
    METTLER-TOLEDO INTL 5,117 6,221
    MICHELIN CIE GEN UNSP/ADR 7,837 5,860
    MICROCHIP TECHNOLOGY INC 12,493 12,586
    MICROSOFT CORP 53,744 72,419
    MITSUBISHI UFJ FINANCIAL GROUP 8,675 6,350
    MODINE MFG CO 575 562
    MOHAWK INDS INC 2,998 2,105
    MOLSON COOR BREW CO CL B 4,949 4,100
    MONDELEZ INTERNATIONAL INC 7,480 6,885
    MONOLITHIC POWER SYSTEMS, INC 5,251 7,091
    MONRO MUFFLER BRAKE, INC 1,917 1,925
    NASPERS LTD N SPONS ADR 8,135 9,598
    NATIONAL GRID TRANSCO PLC 15,197 11,131
    NATL FUEL GAS CO 10,158 8,905
    NCR CP 3,743 2,747
    NEENAH PAPER INC 1,614 1,237
    NESTLE S.A 15,046 16,759
    NEWS CORP LTD CL A 3,356 2,838
    NIELSEN HOLDINGS N.V 3,195 2,870
    NMI HOLDINGS, INC. 1,578 1,731
    NORDEA BANK ABP 9,855 6,779
    NOVANTA INC 1,726 1,953
    NOVARTIS AG ADR 20,910 23,512
    NOVOZYMES A/S UNSP/ADR 4,954 4,296
    NUVASIVE, INC 2,553 1,735
    O'REILLY AUTOMOTIVE INC 7,142 9,641
    OCCIDENTAL PETROLEUM CORP 11,212 10,496
    OLD DOMINION FREIGHT LINES 5,700 5,063
    OMNICELL, INC 1,391 1,409
    OSHKOSH CORP 11,717 10,545
    OTTER TAIL CORP 1,242 1,588
    PARK 24 CO LTD 4,845 3,917
    PARKER HANNIFIN CP 10,693 9,694
    PATRICK IND INC 1,506 918
    PAYCOM SOFTWARE 5,303 5,755
    PAYPAL HOLDINGS, INC 20,377 35,066
    PEPSICO INC 38,765 39,331
    PG & E CORP 4,299 2,826
    PHILIP MORRIS INTL 23,237 15,689
    PHILLIPS 66 11,299 12,233
    PIMCO INCOME FUND P CLASS 1,094,037 1,064,554
    PIONEER NAT RES CO 9,645 6,576
    PLANET FITNESS INC 2,018 2,198
    PNC FINANCIAL GROUP INC 4,620 3,975
    POOL CORP 4,024 5,203
    POST HOLDINGS INC 2,208 2,139
    PPG INDUSTRIES INC 14,776 14,414
    PPL CORPORATION 15,751 13,853
    PROCTER GAMBLE CO 10,269 10,387
    PROOFPOINT INC 1,360 1,425
    PRUDENTIAL PLC SC 13,695 11,884
    PS BUSINESS PARKS, INC 1,377 1,310
    PVH CORP 5,631 4,740
    QUALYS INC COM 6,487 5,307
    RAYMOND JAMES FINANCIAL INC 5,778 5,506
    RAYTHEON CO 10,664 10,581
    RBC BEARINGS INCORPORATED 5,065 4,589
    REALTY INCOME CORP 4,679 4,854
    RED ELECTRICA DE ESPANA SA 8,499 9,946
    RELX PLC 9,675 9,911
    RESMED INC 3,633 5,807
    ROCHE HOLDING LTD ADR 14,182 14,390
    ROGERS COMM CL B 9,241 9,278
    ROLLINS INC 5,465 4,693
    ROSS STORES, INC 28,114 30,867
    ROYAL DUTCH SHEL PLC SPONS ADR 14,152 15,045
    ROYAL DUTCH SHELL CL A 13,016 14,101
    RYANAIR HOLDINGS PLC-ADR COM 6,139 4,922
    RYOHIN KEIKAKU 9,424 10,201
    SAFRAN SA - UNSPON ADR 10,525 11,567
    SAIA, INC 1,586 1,842
    SAMPO PLC UNSPONSORED ADR 11,613 10,986
    SAP AKTIENGESELL ADS 24,288 25,883
    SASOL LTD 3,716 3,808
    SCHLUMBERGER LTD 9,909 4,366
    SEACOAST BANKING CORPORATION O 737 677
    SELECT SECTOR SPDR ENERGY FUND 27,920 22,194
    SELECT SECTOR SPDR INDUSTRIAL 121,693 102,541
    SELECT SECTOR SPDR-HEALTH CARE 52,489 48,446
    SELECTIVE INS GROUP INC 1,621 2,194
    SILICON MOTION TECHNOLOGY CORP 969 759
    SKYWORKS SOLUTIONS, INC 6,254 4,959
    SONOVA HOLDING AG AD 7,142 7,966
    SONY CORP ADR 9,287 9,463
    SOUTH JERSEY INDS INC 1,638 1,334
    SOUTHERN CO 11,485 10,760
    SPS COMMERCE, INC 1,926 2,224
    SS&C TECHNOLOGIES INC 16,449 15,969
    STANLEY BLACK & DECKER INC 10,030 7,663
    STARBUCKS CORP COM 13,857 16,164
    STARS GROUP INC 1,665 1,289
    STERICYCLE INC 3,389 1,981
    STERIS PLC 4,162 5,022
    STRYKER CORPORATION 22,378 20,848
    SUMITOMO MITSUI FINCL GRP 9,884 8,046
    SUN COMMUNITIES INC 5,552 5,594
    SUNCOR ENERGY INC 9,317 7,720
    SYMRISE AG UNSPONSORED 5,038 6,112
    SYNOPSYS, INC 12,441 14,574
    SYSMEX CORP UNSP ASDR 4,677 3,866
    TAIWAN SEMICONDUCTOR MFG CO LT 15,896 18,123
    TAKE-TWO INTERACTIVE SOFTWARE 5,534 4,323
    TELENOR ASA 6,481 7,806
    TEMENOS GROUP AG 5,362 4,366
    TENARIS SA-ADR 2,912 1,834
    TEXAS ROADHOUSE, INC 5,858 7,343
    THE COCA-COLA CO 24,199 27,605
    THE JM SMUCKER COMPANY 3,347 2,711
    THERMO FISHER SCIENTIFIC INC 11,500 16,337
    TOTAL FINA ELF S.A 7,137 7,044
    TPI COMPOSITES INC 2,241 2,089
    TRACTOR SUPPLY CO COM 3,382 3,922
    TRINITY INDUSTRIES, INC 3,118 2,862
    TWITTER INC 9,733 7,875
    UBISOFT ENTERTAIN UNSP ADR EAC 7,230 6,840
    UNILEVER N V N Y 6,933 8,823
    UNILEVER PLC AMER 12,129 14,787
    UNITED COMMUNITY BANKS, INC 2,528 1,910
    UNITED PARCEL SERVICE 11,440 9,851
    UNITED THERAPEUTICS CORP 3,684 2,614
    UNITI GROUP INC. COMMON STOCK 2,368 1,635
    US FOODS HOLDING CORPORATION 2,941 3,259
    VANGUARD GROWTH ETF 365,050 410,781
    VANGUARD INFORMATION TECHNOLOG 92,014 115,947
    VANGUARD MID-CAP GROWTH ETF 95,376 101,856
    VANGUARD MID-CAP VALUE INDEX 103,905 97,070
    VANGUARD MTRL ETF 52,596 46,770
    VANGUARD SM-CAP ETF 67,732 66,787
    VANGUARD VALUE ETF 409,548 418,344
    VENTAS INC 10,778 10,370
    VEREIT INC COM 4,744 4,683
    VERIZON COMMUNICATIONS 17,639 20,858
    VIACOM INC. CL B 3,463 3,238
    VINCI SA ADR 6,375 7,096
    VISA INC 14,386 21,770
    VIVENDI SA 10,361 9,636
    VODAFONE GROUP PLC 17,653 13,631
    VOLKSWAGEN AG ADR 10,044 9,055
    WAL-MART STORES INC 6,676 6,241
    WALGREENS BOOTS ALLIANCE 44,289 35,873
    WALT DISNEY HOLDINGS CO 14,082 13,926
    WEIBO CORPORATION 8,860 6,310
    WELLTOWER INC. 8,714 9,301
    WEST PHARMA SVCS INC 8,258 8,529
    WESTERN ASSET SMASH SERIES C F 259,175 239,921
    WESTERN ASSET SMASH SERIES EC 699,590 654,584
    WESTERN ASSET SMASH SERIES M F 731,444 730,282
    WILLIAMS COS 3,897 3,219
    WILLIS TOWERS WATSON PUBLIC LT 4,368 4,556
    WINTRUST FINANCIAL CORPORATION 2,303 2,061
    WOLTERS KLUWER S/ADR 7,513 11,032
    XYLEM INC 5,502 5,137
    YANDEX N V 3,807 3,884
    ZAYO GROUP HOLDINGS INC 2,860 2,718
    ZEBRA TECHNOLOGIES CORP 5,196 5,095
    ZIMMER BIOMET HOLDINGS 2,841 2,593
    ZOETIS INC 17,287 22,240

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    The Valentine Foundation
    EIN:
    90-0527475
    US Government Securities - End of Year Book Value:

    1,106,644
    US Government Securities - End of Year Fair Market Value:

    1,093,852
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 OtherExpensesSchedule
    Name:
    The Valentine Foundation
    EIN:
    90-0527475
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 33,755     33,755
    Bank Charges 1,023 1,023    
    Indemnification Insurance 930     930


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Valentine Foundation
    EIN:
    90-0527475
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 108,423 108,423    


    TY 2018 TaxesSchedule
    Name:
    The Valentine Foundation
    EIN:
    90-0527475
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 7,900      
    990-PF Extension for 2017 5,881      
    Foreign Tax Paid 349 349    
    Property Taxes 328 328