Form990-PF
Click to see attachment

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 WHALLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)5 CARSEY LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HOUSTON, TX77024
A Employer identification number

26-2291525
B Telephone number (see instructions)

(832) 594-6499
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$10,810,121J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 463,701 463,701  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 23,580
b Gross sales price for all assets on line 6a 120,673
7 Capital gain net income (from Part IV, line 2)... 23,580
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)....... Click to see attachment 7,960 7,960  
12 Total. Add lines 1 through 11........ 495,241 495,241  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 100      
b Accounting fees (attach schedule)....... Click to see attachment 8,525      
c Other professional fees (attach schedule).... Click to see attachment 445 445    
17 Interest............... 639 639    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,027 7,771    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,736 8,855   0
25 Contributions, gifts, grants paid....... 1,890,500 1,890,500
26 Total expenses and disbursements. Add lines 24 and 25 1,917,236 8,855   1,890,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,421,995
b Net investment income (if negative, enter -0-) 486,386
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......... 4,240,067 2,679,658 2,679,658
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)      
b Investments—corporate stock (attach schedule)....... 3,588,202 Click to see attachment3,588,202 4,720,615
c Investments—corporate bonds (attach schedule)....... 148,655 Click to see attachment51,562 51,308
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,294,984 Click to see attachment3,531,664 3,349,260
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment11,760 Click to see attachment9,280 Click to see attachment9,280
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,283,668 9,860,366 10,810,121
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 11,283,668 9,860,366
30 Total net assets or fund balances (see instructions)..... 11,283,668 9,860,366
31 Total liabilities and net assets/fund balances (see instructions). 11,283,668 9,860,366
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,283,668
2
Enter amount from Part I, line 27a .....................
2
-1,421,995
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
9,861,673
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,307
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,860,366
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 100,000 INGERSOLL-RAND GLOBAL 6.75% DUE 8/15/18 P 2009-02-11 2018-03-15
b Capital Gain Dividends      
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 101,862   97,093 4,769
b       18,811
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       4,769
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 23,580
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 1,984,900 13,712,023 0.14476
2016 2,782,000 14,390,382 0.19332
2015 1,762,350 11,762,226 0.14983
2014 943,900 5,966,801 0.15819
2013 1,191,200 6,091,511 0.19555
2
Total of line 1, column (d) .....................
2
0.841654
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
0.168331
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
11,816,741
5
Multiply line 4 by line 3......................
5
1,989,124
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,864
7
Add lines 5 and 6........................
7
1,993,988
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,890,500
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 9,728
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 9,728
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 9,728
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 9,280
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 9,280
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 448
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bullet
    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 addressbulletN/A
    14
    The books are in care ofbulletMARY WHALLEY Telephone no.bullet (832) 594-6499

    Located atbullet5 CARSEY LANEHOUSTONTX ZIP+4bullet77024
    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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    LAWRENCE G WHALLEY President
    0.00     		0    
    5 CARSEY LANE
    HOUSTON,TX77024
    MARY WHALLEY Vice Pres.
    0.00     		0    
    5 CARSEY LANE
    HOUSTON,TX77024
    ELIZABETH M TAYLOR Vice Pres.
    0.00     		0    
    9415 BRAEWICK DRIVE
    HOUSTON,TX77096
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............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
    8,690,883
    b
    Average of monthly cash balances.......................
    1b
    3,295,598
    c
    Fair market value of all other assets (see instructions)................
    1c
    10,210
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,996,691
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    11,996,691
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    179,950
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,816,741
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    590,837
    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
    590,837
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    9,728
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,728
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    581,109
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    581,109
    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
    581,109
    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
    1,890,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,890,500
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,890,500
    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 7 581,109
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 896,095
    b From 2014...... 654,415
    c From 2015...... 1,182,386
    d From 2016...... 2,074,241
    e From 2017...... 1,308,555
    fTotal of lines 3a through e........ 6,115,692
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,890,500
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 581,109
    e Remaining amount distributed out of corpus 1,309,391
    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 7,425,083
    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) ...     		896,095
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		6,528,988
    10 Analysis of line 9:
    a Excess from 2014.... 654,415
    b Excess from 2015.... 1,182,386
    c Excess from 2016.... 2,074,241
    d Excess from 2017.... 1,308,555
    e Excess from 2018.... 1,309,391
    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).)
    LAWRENCE G WHALLEY
    MARY WHALLEY
    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
    THE BRIARWOOD SCHOOL
    12207 WHITTINGTON DRIVE
    HOUSTON,TX77077     		NONE PC FUND PROGRAMS 50,000
    ST CECILIA CATHOLIC CHURCH
    11720 JOAN OF ARC
    HOUSTON,TX77024     		NONE PC FUND PROGRAMS 212,000
    THE KINKAID SCHOOL
    201 KINKAID SCHOOL DRIVE
    HOUSTON,TX77024     		NONE PC FUND PROGRAMS 1,000
    ARCHDIOCESE OF GALVESTON-HOUSTON
    1700 SAN JACINTO STREET
    HOUSTON,TX77001     		NONE PC FUND PROGRAMS 5,000
    TEXAS CHILDREN'S HOSPITAL
    PO BOX 300630
    HOUSTON,TX77230     		NONE PC FUND PROGRAMS 100,000
    THE JUNIOR LEAGUE OF HOUSTON INC
    1811 BRIAR OAKS LANE
    HOUSTON,TX77027     		NONE PC FUND PROGRAMS 5,000
    ST JUDE CHILDREN'S HOSPITAL
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		NONE PC FUND PROGRAMS 110,000
    CASA DE ESPERANZA
    PO BOX 66581
    HOUSTON,TX77266     		NONE PC FUND PROGRAMS 20,000
    ALZHEIMER'S ASSOCIATION
    6055 S LOOP E
    HOUSTON,TX77087     		NONE PC FUND PROGRAMS 5,000
    CYSTIC FIBROSIS FOUNDATION
    50 BRIAR HOLLOW LN STE 250 EAST
    HOUSTON,TX77027     		NONE PC FUND PROGRAMS 10,000
    DARTMOUTH COLLEGE
    6066 DEVELOPMENT OFFICE
    HANOVER,NH03755     		NONE PC FUND PROGRAMS 1,000
    MARCH OF DIMES
    3000 WESLAYAN STE 100
    HOUSTON,TX77027     		NONE PC FUND PROGRAMS 20,000
    STAR OF HOPE
    6897 ARDMORE
    HOUSTON,TX77054     		NONE PC FUND PROGRAMS 75,000
    HOUSTON HOSPICE
    1905 HOLCOMBE BLVD
    HOUSTON,TX77030     		NONE PC FUND PROGRAMS 10,000
    JOHNNY MAC SOLDIERS FUND
    42395 RYAN RD STE 112-242
    ASHBURN,VA20148     		NONE PC FUND PROGRAMS 25,000
    KIDS ACROSS AMERICA
    2036 TIMBERLAKE ROAD
    BRANSON,MO65616     		NONE PC FUND PROGRAMS 5,000
    KIDS MEALS
    330 GARDEN OAKS BLVD
    HOUSTON,TX77018     		NONE PC FUND PROGRAMS 20,000
    MEALS ON WHEEL
    3303 MAIN ST
    HOUSTON,TX77002     		NONE PC FUND PROGRAMS 5,000
    MEMORIAL HERMANN FOUNDATION
    929 GESSNER STE 2650
    HOUSTON,TX77024     		NONE PC FUND PROGRAMS 120,000
    FRIENDS4MICHAEL FOUNDATION
    8 IRONWORKS RD
    MONROE,NY10950     		NONE PC FUND PROGRAMS 5,000
    AUTISM RESCUE ANGELS
    22106 CLARADON POINTE LANE
    KATY,TX77450     		NONE PC FUND PROGRAMS 20,000
    TELLURIDE ADAPTIVE SPORTS PROGRAM
    PO BOX 2254
    TELLURIDE,CO81435     		NONE PC FUND PROGRAMS 10,000
    ONE GOAL
    1880 S DAIRY ASHFORD DR 107
    HOUSTON,TX77077     		NONE PC FUND PROGRAMS 20,000
    SMALL STEPS NUTURING CENTER
    2902 JENSEN DR
    HOUSTON,TX77026     		NONE PC FUND PROGRAMS 10,000
    CLAYTON DABNEY FOR KIDS WITH CANCER
    11 GREENWAY PLAZA STE 3175
    HOUSTON,TX77046     		NONE PC FUND PROGRAMS 5,000
    WEST POINT FUND
    698 MILLS ROAD
    WEST POINT,NY10996     		NONE PC FUND PROGRAMS 1,000
    COVENANT HOUSE
    1111 LOVETT BLVD
    HOUSTON,TX77006     		NONE PC FUND PROGRAMS 25,000
    CAMP JOHN MARC
    2929 cARLISLE STREET STE 355
    DALLAS,TX75204     		NONE PC FUND PROGRAMS 10,000
    AMERICAN RED CROSS
    2700 SOUTHWEST FREEWAY
    HOUSTON,TX77098     		NONE PC FUND PROGRAMS 200,000
    THE MENIL COLLECTION
    1533 SUL ROSS ST
    HOUSTON,TX77006     		NONE PC FUND PROGRAMS 10,000
    THE SALVATION ARMY
    1717 CONGRESS AVE
    HOUSTON,TX77002     		NONE PC FUND PROGRAMS 10,000
    SEARCH
    2505 Fannin
    Houston,TX77002     		NONE PC FUND PROGRAMS 55,000
    SPRING SPIRIT BASEBALL
    5120 WOODWAY SUITE 6002
    HOUSTON,TX77056     		NONE PC FUND PROGRAMS 30,000
    ZHANJIANG KIDS ORGANIZATION
    20355 CARROLL ROAD
    ROCKBRIDGE,OH43149     		NONE PC FUND PROGRAMS -5,000
    TEACH
    2900 WESLAYAN STE 375
    HOUSTON,TX77227     		NONE PC FUND PROGRAMS 5,000
    CAMP FOR ALL
    10500 NW FREEWAY STE 220
    HOUSTON,TX77092     		NONE PC FUND PROGRAMS 10,000
    KIPP HOUSTON
    10711 KIPP WAY
    HOUSTON,TX77099     		NONE PC FUND PROGRAMS 5,000
    CHILD ADVOCATES
    2401 PORTSMOUTH STE 210
    HOUSTON,TX77098     		NONE PC FUND PROGRAMS 5,000
    FIRST BAPTIST CHURCH
    7401 KATY FREEWAY
    HOUSTON,TX77024     		NONE PC FUND PROGRAMS 500
    HOUSTON FOOD BANK
    535 PORTWALL STREET
    HOUSTON,TX77029     		NONE PC FUND PROGRAMS 85,000
    LYNN UNIVERSITY
    3601 N MILITARY TRAIL
    BOCA RATON,FL33431     		NONE PC FUND PROGRAMS 50,000
    LELAND STANFORD JUNIOR UNIVERSITY
    450 SERRA MALL
    STANFORD,CA94305     		NONE PC FUND PROGRAMS 300,000
    MD ANDERSON CANCER CENTER
    6655 TRAVIS ST 650
    HOUSTON,TX77030     		NONE PC FUND PROGRAMS 100,000
    BEARESOURCES FOR CPS KIDS
    2223 WEST LOOP SOUTH
    HOUSTON,TX77027     		NONE PC FUND PROGRAMS 10,000
    GOOD STEWARD GLOBAL INITIATIVE
    535 PORTWALL ST
    HOUSTON,TX77029     		NONE PC FUND PROGRAMS 5,000
    CRISTO REY JESUIT
    6700 MOUNT CARMEL ST
    HOUSTON,TX77087     		NONE PC FUND PROGRAMS 20,000
    DRESS FOR SUCCESS
    3310 EASTSIDE STREET
    HOUSTON,TX77098     		NONE PC FUND PROGRAMS 5,000
    EASTER SEALS
    4500 BISSONNET ST
    BELLAIRE,TX77401     		NONE PC FUND PROGRAMS 20,000
    ST PATRICK'S CHURCH
    PO BOX 398
    TELLURIDE,CO81435     		NONE PC FUND PROGRAMS 20,000
    ANNUNCIATION GREEK ORTHODOX
    3511 YOAKUM BLVD
    HOUSTON,TX77006     		NONE PC FUND PROGRAMS 1,000
    GARDEN CITY HARVEST INC
    PO BOX 205
    MISSOULA,MT59806     		NONE PC FUND PROGRAMS 2,500
    GIRL SCOUTS OF SAN JACINTO COUNCIL
    3110 SOUTHWEST FREEWAY
    HOUSTON,TX77098     		NONE PC FUND PROGRAMS 5,000
    HOUSTON BALLET
    601 PRESTON ST
    HOUSTON,TX77002     		NONE PC FUND PROGRAMS 25,000
    SOCIAL MOTION INC
    10694 HADDINGTON STE G
    HOUSTON,TX77043     		NONE PC FUND PROGRAMS 5,000
    SPECIAL OLYMPICS INC
    1133 19TH STREET NW
    WASHINGTON,DC20036     		NONE PC FUND PROGRAMS 5,000
    TEXAS YOUTH TENNIS AND EDUCATIONAL
    6060 DILBECK LN
    DALLAS,TX75240     		NONE PC FUND PROGRAMS 500
    THE HOSPICE FOUNDATION-BATON ROUGE
    9063 SIEGEN LANE SUITE A
    BATON ROUGE,LA70810     		NONE PC FUND PROGRAMS 1,000
    Total .................................bullet 3a 1,890,500
    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 ...........     		         
    4 Dividends and interest from securities....     14 463,701  
    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 23,580  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME - APOLLO     		    14 7,952  
    bROYALTIES - ETP     15 8  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   495,241  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    495,241
    (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: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 8,525 0 0 0

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INGERSOLL-RAND GLOBAL 6.75% DUE 8/15/18    
    JEFFERIES GROUP INC NTS 8.5% 51,562 51,308

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BRISTOL MYERS SQUIBB CO 263,951 519,800
    DUKE ENERGY HOLDING CORP NEW 208,882 345,200
    ENERPLUS RESOURCES FD TR UNIT 56,762 19,400
    SOUTHERN CO 172,111 219,600
    TOTAL S.A. FRANCE SPON ADR 123,307 130,450
    VERIZON COMMUNICATIONS INC 271,349 376,674
    ASTRAZENECA PLC SPON ADR 131,156 189,900
    ROYAL DUTCH SHELL PLC CL A 265,317 291,350
    NISOURCE, INC. 23,453 101,400
    PFIZER, INC. 72,774 218,250
    PINNACLE WEST CAP CORP 193,601 426,000
    ENBRIDGE INC 108,985 152,914
    BANK OF AMERICA 143,874 246,400
    AT&T INC 255,641 214,050
    BHP BILLITON LTD SPON ADR 205,051 212,476
    DOW DUPONT INC 203,007 240,660
    KINDER MORGAN INC 255,453 93,818
    KRAFT HEINZ CO 197,422 133,424
    LOCKHEED MARTIN CORP 215,738 288,024
    PAYCHEX INC 204,528 280,145
    SOUTH32 LTD SPON ADR 15,840 20,680

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    TALF PARTNERS I, L.P. AT COST 126,687 85,737
    BLACKROCK CAP & INCOME AT COST 232,956 292,991
    BLACKROCK ENHANCED EQUITY DIVIDTRUST AT COST 132,498 146,806
    BLACKROCK RESOURCES & COMMODITIES STRGY AT COST 71,552 47,366
    ENTERPRISE PRODUCTS PARTNER LP AT COST 205,538 181,966
    BANK OF AMER CORP 6.5% PREFERRED CLBL AT COST 256,005 253,800
    CUSTOMERS BANCORP INC 7% PREFERRED CLBL AT COST 202,805 198,800
    JPMORGAN CHASE & CO 6.125% PREFERRED CLB AT COST 250,605 253,500
    SOUTHERN COMPANY 6.25% JR SB 2015A AT COST 250,000 255,100
    WELLS FARGO & CO 6% PREFERRED CLBL AT COST 200,000 200,880
    EATON VANCE TAX ADVANTAGED GLOBAL DV INC AT COST 177,410 135,400
    ENERGY TRANSFER PARTNERS LP AT COST 170,826 142,034
    CAPITAL ONE FINCL CORP 6% AT COST 200,000 199,280
    PUBLIC STORAGE 5.4% PREFERRED CLBL AT COST 250,000 228,000
    THE SOUTHERN COMPANY 5.25% AT COST 250,000 218,100
    APOLLO GLOBAL MGMT LLC SER A AT COST 304,782 270,000
    ALLST CORP 5.625% PREFERRED CLBL AT COST 250,000 239,500

    TY 2018 LegalFeesSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 100 0 0 0


    TY 2018 OtherAssetsSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FEDERAL INCOME TAX DEPOSIT 11,760 9,280 9,280


    TY 2018 OtherDecreasesSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    BASIS ADJUSTMENT 1,307


    TY 2018 OtherIncomeSchedule2
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME - APOLLO 7,952 7,952  
    ROYALTIES - ETP 8 8  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ACCOUNT FEES 445 445 0 0


    TY 2018 TaxesSchedule
    Name:
    THE WHALLEY FOUNDATION
    EIN:
    26-2291525
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAXES 9,256      
    FOREIGN TAXES 7,771 7,771