TY 2017 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	104,907	13,757	13,757
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,707,209	1,755,810	2,099,593
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,812,116	1,769,567	2,113,350
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	1,812,116	1,769,567
	29	Total net assets or fund balances (see instructions).....	1,812,116	1,769,567
	30	Total liabilities and net assets/fund balances (see instructions).	1,812,116	1,769,567

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,812,116

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

-42,549

Other increases not included in line 2 (itemize) bullet

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

1,769,567

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,769,567

(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	(d) Date sold (mo., day, yr.)
1 a	490.000 SHS OPPENHEIMER S&P MIDCAP 400 REVENUE ETF	P	2018-05-18
b	1,026.000 SHS POWERSHARES ETF DYNAMIC BUYBACK ACH PORT	P	2018-05-18
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	29,928	21,029	8,899
b	59,301	47,160	12,141
c	12,755		12,755
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			8,899
b			12,141
c			12,755
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	33,795
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

(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))
2018	149,732	1,971,069	0.075965
2017	50,000	1,967,955	0.025407
2016	147,330	2,021,741	0.072873
2015	50,000	1,318,225	0.037930
2014	7,000	50,440	0.138779

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

0.350954

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.070191

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

2,133,077

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

149,723

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

577

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

150,300

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

150,000

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.

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,154
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,154
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,154
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	32
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,500
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	1,532
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	370
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax370	Refunded	11	0

(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
LEWIS E S PARKER	PRESIDENT 1.00	0	0	0
38906 MT GILEAD ROAD LEESBURG,VA20175
ANDREA L COX	DIRECTOR 0.00	0	0	0
11633 GREENSPRING AVE LUTHERVILLE,MD21093
LARA PARKER MAJOR	DIRECTOR 0.00	0	0	0
38253 NORTH FORK ROAD PURCELLVILLE,VA20132
WAYNE ZELL	DIRECTOR 0.00	0	0	0
1775 WIEHLE AVE RESTON,VA20190

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	GRANT CONTRIBUTED TO JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE FOR RESEARCH WORK OF DOCTORS BISHAI AND BIVALACQUA.	50,000
2	GRANT CONTRIBUTED TO JOHNS HOPKINS UNIVERSITY RESEARCH ADMINISTRATION FOR RESEARCH WORK OF JANET MARKLE, PHD.	50,000
3	GRANT CONTRIBUTED TO JOHNS HOPKINS BAYVIEW MEDICAL CENTER DIVISION OF INFECTICOUS DISEASES FOR REARCH WORK OF DR. TUDDENHAM.	50,000
4	IDENTIFIED INFECTIOUS DISEASE SPECIFIC RESEARCHERS AS POSSIBLE GRANT RECIPIENTS.	0

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

		(a) Corpus	(b) Years prior to 2018	(c) 2018	(d) 2019
1 Distributable amount for 2019 from Part XI, line 7					105,500
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......
b From 2015......
c From 2016......	28,351
d From 2017......
e From 2018......	51,715
fTotal of lines 3a through e........		80,066
4Qualifying distributions for 2019 from Part
XII, line 4: $ 150,000
a Applied to 2018, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2019 distributable amount.....					105,500
e Remaining amount distributed out of corpus		44,500
5 Excess distributions carryover applied to 2019.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		124,566
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2014 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		124,566
10 Analysis of line 9:
a Excess from 2015....
b Excess from 2016....	28,351
c Excess from 2017....
d Excess from 2018....	51,715
e Excess from 2019....	44,500

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) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total

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

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

LEWIS E S PARKER
38906 MT GILEAD ROAD
LEESBURG,VA20175
(703) 777-8225
LEWISESPARKER@GMAIL.COM

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

APPLICANTS ARE REQUIRED TO SUBMIT A COMPLETE BIOGRAPHICAL RECORD WITH SUPPORTING MATERIAL, INCLUDING A REPORT ON THEIR ACADEMIC AND PROFESSIONAL CAREERS, A DETAILED STATEMENT OF THEIR TRAINING PLANS, A STATEMENT OF THEIR PLANS AND COMMITMENTS AFTER THE PROGRAM, LETTERS OF REFERENCE (WHICH INCLUDE RECOMMENDATIONS FROM ADVISORS) AND LISTS OF PUBLICATIONS, IF ANY. EACH APPLICANT MUST ALSO CONVINCE THE FOUNDATION OF ITS FINANCIAL NEED FOR THE GRANT FUNDS.

cAny submission deadlines:

FEBRUARY 28TH OF EACH YEAR

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

GRANTEES ARE EXPECTED TO PURSUE A CAREER IN A SPECIALIZED FIELD CONSISTENT WITH THE CHARITABLE PURPOSES FOR WHICH THE FOUNDATION WAS ORGANIZED, WHICH INCLUDE MEDICAL RESEARCH OR STUDY AT COLLEGES, UNIVERSITIES, OR GRADUATE SCHOOLS WITH A FOCUS ON MEDICAL RESEARCH. IN EACH CASE, IT IS STIPULATED THAT A RENEWAL OF THE GRANT FOR ANY SUCCEEDING PERIOD IS CONTINGENT UPON EVIDENCE OF ADEQUATE PERFORMANCE AT THE TIME OF THE REVIEW WHICH INCLUDES A GRANT PROGRESS REPORT DUE NO LATER THAN ONE MONTH FOLLOWING COMPLETION OF THE GRANT.

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE DIVISION OF INFECTIOUS DISEASES 1830 E MONUMENT ST ROOM 450E BALTIMORE,MD21287	N/A	PC	GRANT 1801 - DRS. BISHAI AND BIVALACQUA	50,000
JOHNS HOPKINS UNIVERSITY RESEARCH ADMINISTRATION 1101 E 33RD ST STE B001 BALTIMORE,MD21218	N/A	PC	GRANT 1802 - JANET MARKLE, PHD	50,000
JOHNS HOPKINS BAYVIEW MEDICAL CENTER DIVISION OF INFECTIOUS DISEASES 5200 EASTERN AVE MASON LORD BLDG ST 381 BALTIMORE,MD21224	N/A	PC	GRANT 1803 - DR. TUDDENHAM	50,000
Total ................................. 3a				150,000

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	49,885
2	Check .............
3	Interest on savings and temporary cash investments	397		397
4	Dividends and interest from securities...	41,261		33,142
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		33,795
b	Gross sales price for all assets on line 6a 101,984
7	Capital gain net income (from Part IV, line 2)...			33,795
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........	125,338		67,334
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		7,662	0	0
c	Other professional fees (attach schedule)....		9,627	9,408	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		548	248	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		50	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	17,887		9,656	0
25	Contributions, gifts, grants paid.......	150,000			150,000
26	Total expenses and disbursements. Add lines 24 and 25	167,887		9,656	150,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-42,549
b	Net investment income (if negative, enter -0-)			57,678
c	Adjusted net income (if negative, enter -0-)...

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	397
4 Dividends and interest from securities....			14	41,261
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	33,795
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)..		0		75,453	0

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

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


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









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

bApproved for future payment

Total ................................. 3b				0

Name of organization WILLOWCROFT FOUNDATION

Part I Contributors	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	LEWIS ES PARKER 38906 MT GILEAD ROAD LEESBURG, VA20176	$ 49,885	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Name of organization WILLOWCROFT FOUNDATION		Employer identification number 27-0560959

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
1	816.593 SHS OF FRANKLIN RISING DIVIDENDS	$ 49,885	2017-12-29
(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) (2019)


Name of organization WILLOWCROFT FOUNDATION			Employer identification number 27-0560959
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.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ISHARES TR S&P 500 GROWTH ETF	191,861	284,405
REVENUESHARES LARGE CAP FUND	120,316	165,681
OPPENHEIMER MID CAP REVENUE ETF	174,081	222,112
SPDR BARCLAYS CAPITAL CONVERTI	94,959	102,064
VANGUARD HIGH DIV YIELD ETF	115,030	148,660
CENTER COAST MLP FOCUS I	133,385	103,518
CLEARBRIDGE AGGRESSIVE GRWTH I	156,272	171,249
FIRST EAGLE OVERSEAS I	202,465	210,759
FRANKLIN RISING DIVIDENDS ADV	107,005	121,226
ISHARES TR US REGNL BKS ETF	136,489	184,448
ISHARES TR CORE S&P 500	25,017	33,312
ISHARES TR NASDQ BIOTEC	130,048	154,517
ISHARES TR U.S. TECH ETF	29,912	48,668
ISHARES TR EUROPE ETF	70,622	74,800
ISHARES TR MRGSTR MD CP ETF	68,348	74,174

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BUSINESS REGISTRATION FEES	25	0		0
NON-SUFFICIENT FUND PENALTY	25	0		0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	9,408	9,408		0
ADMINISTRATIVE ASSISTANCE	219	0		0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
2016 FEDERAL EXCISE TAXES	300	0		0
FOREIGN TAXES WITHHELD AT SOURCE	248	248		0

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