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
VAN STRUM FOUNDATION 8833023
 
Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET SUITE 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231
A Employer identification number

94-2870047
B Telephone number (see instructions)

(443) 873-5262
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$3,319,462J 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... 57,751 57,074 57,751
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 203,725
b Gross sales price for all assets on line 6a 695,705
7 Capital gain net income (from Part IV, line 2)... 203,725
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 261,476 260,799 57,751
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 4,000     4,000
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 22,920 22,920 22,916 0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,484 1,346   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,404 24,266 22,916 4,000
25 Contributions, gifts, grants paid....... 161,000 161,000
26 Total expenses and disbursements. Add lines 24 and 25 193,404 24,266 22,916 165,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 68,072
b Net investment income (if negative, enter -0-) 236,533
c Adjusted net income (if negative, enter -0-)... 34,835
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......... 83,049 52,951 52,951
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 2,163,956 Click to see attachment2,250,141 2,735,796
c Investments—corporate bonds (attach schedule)....... 537,000 Click to see attachment545,421 530,715
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
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) 2,784,005 2,848,513 3,319,462
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........ 2,784,005 2,848,513
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 2,784,005 2,848,513
31 Total liabilities and net assets/fund balances (see instructions). 2,784,005 2,848,513
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
2,784,005
2
Enter amount from Part I, line 27a .....................
2
68,072
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,852,077
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,564
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,848,513
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 23. CANADIAN NATL RAILWAY CO   2014-03-13 2018-01-04
b 11. MASTERCARD INC   2014-03-13 2018-01-04
c 13. VISA INC CLASS A SHARES   2014-03-13 2018-01-04
d 77. HANESBRANDS INC COM USD0.01   2017-02-27 2018-01-24
e 124. NXP SEMICONDUCTORS N V   2015-10-22 2018-02-01
49. TJX COS INC   2013-02-05 2018-02-05
83. HANESBRANDS INC COM USD0.01   2017-02-28 2018-02-07
42. HANESBRANDS INC COM USD0.01   2017-02-28 2018-02-08
94. HANESBRANDS INC COM USD0.01   2017-03-01 2018-02-08
18. HANESBRANDS INC COM USD0.01   2017-03-01 2018-02-09
118. HANESBRANDS INC COM USD0.01   2017-02-03 2018-02-09
28. CROWN CASTLE INTL CORP   2016-11-10 2018-02-16
5. CROWN CASTLE INTL CORP   2014-03-13 2018-02-21
11. CROWN CASTLE INTL CORP   2014-03-13 2018-02-22
74. TJX COS INC   2013-02-05 2018-02-28
34. TJX COS INC   2013-02-05 2018-02-28
7. ADOBE SYS INCORP   2016-11-10 2018-03-28
12. ALIBABA GROUP HOLDING LTD A D R   2016-10-25 2018-03-28
2. ALPHABET INC CL C   2014-07-08 2018-03-28
2. ALPHABET INC CL A   2014-07-08 2018-03-28
3. AMAZON.COM INC   2014-12-29 2018-03-28
7. AMERIPRISE FINL INC   2014-03-18 2018-03-28
12. APACHE CORP   2017-06-16 2018-03-28
6. APPIAN CORP   2017-05-25 2018-03-28
11. BWX TECHNOLOGIES INC   2018-02-12 2018-03-28
26. BALL CORP   2017-10-24 2018-03-28
60. BANK OF AMERICA CORPORATION   2017-07-13 2018-03-28
1. BOOKING HOLDINGS INC   2015-10-22 2018-03-28
22. BRIGHT HORIZONS FAMILY SOLUT   2015-01-02 2018-03-28
20. BROWN FORMAN CORP CLASS B   2015-10-22 2018-03-28
28. CARMAX INC   2018-02-05 2018-03-28
2. CHIPOTLE MEXICAN GRILL INC   2014-03-03 2018-03-28
24. CHURCH & DWIGHT CO. INC.   2015-10-22 2018-03-28
29. CONAGRA INC.   2017-12-22 2018-03-28
22. DANAHER CORP   2017-04-27 2018-03-28
21. DELTA AIR LINES INC   2018-02-05 2018-03-28
14. EOG RES INC   2015-12-14 2018-03-28
10. ECOLAB INC   2014-03-18 2018-03-28
10. FACEBOOK INC CLASS A   2015-10-22 2018-03-28
6. FORTIVE CORP WI   2011-07-12 2018-03-28
8. GENERAL DYNAMICS CORP   2016-10-25 2018-03-28
7. GUIDEWIRE SOFTWARE INC   2016-10-14 2018-03-28
21. HEICO CORP   2014-03-03 2018-03-28
11. HUNT J B TRANS SVCS INC   2015-10-22 2018-03-28
5. INTUITIVE SURGICAL INC   2014-03-18 2018-03-28
13. J P MORGAN CHASE & CO   2017-10-24 2018-03-28
27. MICROSOFT CORP.   2017-07-13 2018-03-28
17. NIKE INC   2014-03-18 2018-03-28
6. SBA COMMUNICATIONS CORP   2016-11-17 2018-03-28
20. SALESFORCE COM INC   2014-03-18 2018-03-28
12. HENRY SCHEIN INC   2014-03-18 2018-03-28
25. CHARLES SCHWAB CORP.   2014-03-18 2018-03-28
18. STARBUCKS CORP.   2010-08-31 2018-03-28
10. SUNCOR ENERGY INC   2018-02-09 2018-03-28
17. SUNTRUST BANKS INC.   2014-03-18 2018-03-28
10. TJX COS INC   2013-02-05 2018-03-28
5. THERMO ELECTRON CORP   2014-11-19 2018-03-28
23. UNILEVER N V - NY SHARES   2014-12-08 2018-03-28
10. UNITED TECHNOLOGIES CORP.   2017-10-24 2018-03-28
7. UNITEDHEALTH GROUP INC   2017-12-20 2018-03-28
27. VISA INC CLASS A SHARES   2014-03-12 2018-03-28
11. WABTEC COM   2014-07-08 2018-03-28
11. WAL MART STORES INC.   2017-10-31 2018-03-28
12. WELLS FARGO & CO-NEW   2017-04-13 2018-03-28
23. WELLS FARGO & CO-NEW   2016-05-02 2018-03-28
52. NOMAD FOODS LTD   2017-08-28 2018-03-28
59. FLEXTRONICS INTERNATIONAL LTD   2017-07-13 2018-03-28
12. AETNA INC NEW   2016-06-17 2018-04-04
.25 BROWN FORMAN CORP CLASS B   2015-10-22 2018-04-04
9. AETNA INC NEW   2016-07-15 2018-04-05
103. QUALCOMM CORP.   2015-01-29 2018-04-16
123. QUALCOMM CORP.   2012-11-07 2018-04-17
183. HENRY SCHEIN INC   2014-09-17 2018-04-18
7. AETNA INC NEW   2016-07-15 2018-04-24
14. AETNA INC NEW   2016-07-15 2018-04-25
7. CHIPOTLE MEXICAN GRILL INC   2016-10-03 2018-04-26
8. CHIPOTLE MEXICAN GRILL INC   2014-03-03 2018-04-26
75. HEICO CORP   2015-12-22 2018-05-03
175. WABTEC COM   2014-07-08 2018-05-03
18. PAYPAL HOLDINGS INC   2013-12-27 2018-05-17
4. MASTERCARD INC   2014-03-13 2018-06-14
11. VISA INC CLASS A SHARES   2014-03-13 2018-06-15
9. MASTERCARD INC   2014-03-13 2018-06-18
12. VISA INC CLASS A SHARES   2014-03-13 2018-06-18
21. ADOBE SYS INCORP   2016-11-10 2018-07-02
18. AETNA INC NEW   2016-06-27 2018-07-02
45. TJX COS INC   2013-02-05 2018-07-02
13. AETNA INC NEW   2016-06-27 2018-07-03
30. CANADIAN NATL RAILWAY CO   2014-03-05 2018-07-09
5. CHIPOTLE MEXICAN GRILL INC   2016-10-03 2018-07-24
7504.492 BA- MACQUARIE ASIA NEW STARS FD CL INST   2015-12-21 2018-07-25
12. INTUITIVE SURGICAL INC   2014-03-18 2018-07-26
.75 HEICO CORP   2015-12-22 2018-08-02
7. OCCIDENTAL PETROLEUM CORP.   2014-03-05 2018-08-06
60. OCCIDENTAL PETROLEUM CORP.   2014-03-05 2018-08-07
3. ADOBE SYS INCORP   2016-06-24 2018-08-08
7. ALIBABA GROUP HOLDING LTD A D R   2016-10-25 2018-08-08
1. ALPHABET INC CL C   2014-04-30 2018-08-08
1. AMAZON.COM INC   2014-12-29 2018-08-08
4. AMERIPRISE FINL INC   2014-03-18 2018-08-08
7. APACHE CORP   2017-06-16 2018-08-08
2. APPIAN CORP   2017-05-25 2018-08-08
7. BWX TECHNOLOGIES INC   2018-02-12 2018-08-08
14. BALL CORP   2017-10-24 2018-08-08
34. BANK OF AMERICA CORPORATION   2017-07-13 2018-08-08
12. BRIGHT HORIZONS FAMILY SOLUT   2014-09-17 2018-08-08
1. BROADCOM INC   2018-04-18 2018-08-08
12. BROWN FORMAN CORP CLASS B   2015-10-22 2018-08-08
16. CARMAX INC   2018-02-05 2018-08-08
14. CHURCH & DWIGHT CO. INC.   2015-10-22 2018-08-08
17. CONAGRA INC.   2017-12-22 2018-08-08
13. DANAHER CORP   2017-04-27 2018-08-08
12. DELTA AIR LINES INC   2018-02-05 2018-08-08
8. EOG RES INC   2015-12-14 2018-08-08
5. ECOLAB INC   2014-03-18 2018-08-08
7. FACEBOOK INC CLASS A   2018-07-26 2018-08-08
12. FLOWSERVE CORP   2018-05-03 2018-08-08
6. FORTIVE CORP WI   2018-05-03 2018-08-08
5. GENERAL DYNAMICS CORP   2016-10-25 2018-08-08
4. GUIDEWIRE SOFTWARE INC   2016-10-14 2018-08-08
10. HEICO CORP   2015-12-22 2018-08-08
6. HUNT J B TRANS SVCS INC   2015-10-22 2018-08-08
2. INTUITIVE SURGICAL INC   2014-03-18 2018-08-08
7. J P MORGAN CHASE & CO   2017-10-24 2018-08-08
13. KKR CO INC A   2018-07-17 2018-08-08
15. MICROSOFT CORP.   2017-07-13 2018-08-08
10. NIKE INC   2014-03-18 2018-08-08
4. SBA COMMUNICATIONS CORP   2016-11-17 2018-08-08
12. SALESFORCE COM INC   2014-03-18 2018-08-08
14. CHARLES SCHWAB CORP.   2014-03-18 2018-08-08
10. STARBUCKS CORP.   2010-08-31 2018-08-08
6. SUNCOR ENERGY INC   2018-02-09 2018-08-08
11. SUNTRUST BANKS INC.   2014-03-18 2018-08-08
4. TJX COS INC   2013-02-05 2018-08-08
9. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2018-07-03 2018-08-08
4. THERMO ELECTRON CORP   2014-11-19 2018-08-08
14. UNILEVER N V - NY SHARES   2014-12-08 2018-08-08
5. UNITED TECHNOLOGIES CORP.   2017-10-24 2018-08-08
4. UNITEDHEALTH GROUP INC   2017-12-20 2018-08-08
15. VISA INC CLASS A SHARES   2014-03-12 2018-08-08
6. WAL MART STORES INC.   2017-10-31 2018-08-08
20. WELLS FARGO & CO-NEW   2016-05-02 2018-08-08
30. NOMAD FOODS LTD   2017-08-28 2018-08-08
51. FLEXTRONICS INTERNATIONAL LTD   2017-07-13 2018-08-08
95. ALTABA INC   2015-09-14 2018-08-13
7. CHIPOTLE MEXICAN GRILL INC   2016-10-11 2018-08-20
9. CHIPOTLE MEXICAN GRILL INC   2014-03-03 2018-08-20
.25 ALIBABA GROUP HOLDING LTD A D R   2015-09-14 2018-08-22
24. ADOBE SYS INCORP   2016-06-24 2018-08-31
40. HEICO CORP   2015-12-22 2018-08-31
60. SALESFORCE COM INC   2014-03-18 2018-08-31
6. CHIPOTLE MEXICAN GRILL INC   2016-10-26 2018-09-04
10. CHIPOTLE MEXICAN GRILL INC   2017-04-13 2018-09-04
5. CHIPOTLE MEXICAN GRILL INC   2016-10-26 2018-09-11
78. EBAY INC.   2014-10-01 2018-09-11
3. CHIPOTLE MEXICAN GRILL INC   2017-07-25 2018-09-24
20. OCCIDENTAL PETROLEUM CORP.   2014-03-13 2018-09-24
189. APACHE CORP   2017-06-16 2018-09-25
1. CHIPOTLE MEXICAN GRILL INC   2017-07-25 2018-09-25
12. OCCIDENTAL PETROLEUM CORP.   2014-03-13 2018-09-25
13. CHIPOTLE MEXICAN GRILL INC   2017-06-30 2018-09-27
18. EBAY INC.   2013-12-27 2018-09-27
22. ADOBE SYS INCORP   2016-06-24 2018-10-05
71. HEICO CORP   2015-12-22 2018-10-05
37. SALESFORCE COM INC   2014-03-18 2018-10-05
29. EBAY INC.   2013-12-27 2018-10-09
27. PAYPAL HOLDINGS INC   2013-12-27 2018-10-11
6. TJX COS INC   2013-02-05 2018-10-11
6. TJX COS INC   2013-02-05 2018-10-12
6. CROWN CASTLE INTL CORP   2014-03-13 2018-10-18
17. CONAGRA INC.   2017-12-22 2018-10-23
8. CONAGRA INC.   2017-12-22 2018-10-24
3. CROWN CASTLE INTL CORP   2014-03-13 2018-10-24
3. CROWN CASTLE INTL CORP   2014-03-13 2018-10-25
874. FLEXTRONICS INTERNATIONAL LTD   2017-08-28 2018-10-26
574. FLEXTRONICS INTERNATIONAL LTD   2018-05-03 2018-10-26
77. CHURCH & DWIGHT CO. INC.   2014-09-17 2018-11-01
26. WALT DISNEY CO.   2014-03-13 2018-11-01
7. TJX COS INC   2013-02-05 2018-11-01
133. STARBUCKS CORP.   2010-08-31 2018-11-02
8. TJX COS INC   2013-02-05 2018-11-02
33. WELLS FARGO & CO-NEW   2016-09-15 2018-11-02
33. WELLS FARGO & CO-NEW   2013-03-14 2018-11-05
19. OCCIDENTAL PETROLEUM CORP.   2014-03-13 2018-11-06
1. ADOBE SYS INCORP   2016-06-24 2018-11-26
4. ALIBABA GROUP HOLDING LTD A D R   2016-10-25 2018-11-26
3. ALIBABA GROUP HOLDING LTD A D R   2018-09-11 2018-11-26
2. ALPHABET INC CL C   2014-03-13 2018-11-26
1. ALPHABET INC CL A   2014-03-13 2018-11-26
15. ALTABA INC   2016-01-07 2018-11-26
1. AMAZON.COM INC   2014-12-29 2018-11-26
2. AMERIPRISE FINL INC   2014-03-18 2018-11-26
9. AMERIPRISE FINL INC   2018-05-02 2018-11-26
3. ANTHEM INC   2018-04-24 2018-11-26
1. APPIAN CORP   2017-05-25 2018-11-26
11. APPLE COMPUTER INC.   2007-05-31 2018-11-26
4. BWX TECHNOLOGIES INC   2018-02-12 2018-11-26
9. BALL CORP   2017-10-24 2018-11-26
21. BANK OF AMERICA CORPORATION   2017-07-13 2018-11-26
46. BANK OF AMERICA CORPORATION   2017-04-05 2018-11-26
15. BERKSHIRE HATHAWAY INC CL B   2015-03-06 2018-11-26
1. BOOKING HOLDINGS INC   2015-10-15 2018-11-26
1. BOOKING HOLDINGS INC   2016-02-03 2018-11-26
8. BRIGHT HORIZONS FAMILY SOLUT   2014-09-17 2018-11-26
1. BROADCOM INC   2018-04-18 2018-11-26
3. BROADCOM INC   2018-04-17 2018-11-26
1687.135 BROWN ADVISORY EQUITY INCOME INV   2015-02-17 2018-11-26
720.018 BROWN ADVISORY EQUITY INCOME INV   2017-12-19 2018-11-26
2923.977 BROWN ADVISORY INTERMEDIATE INCOME   2016-10-03 2018-11-26
7. BROWN FORMAN CORP CLASS B   2015-10-22 2018-11-26
8. CANADIAN NATL RAILWAY CO   2014-03-05 2018-11-26
10. CARMAX INC   2018-02-05 2018-11-26
27. CARMAX INC   2018-10-11 2018-11-26
7. CHURCH & DWIGHT CO. INC.   2014-03-18 2018-11-26
3. CIMAREX ENERGY CO   2018-10-11 2018-11-26
10. CIMAREX ENERGY CO   2018-10-11 2018-11-26
13. CONAGRA INC.   2017-12-22 2018-11-26
22. CONAGRA INC.   2017-12-22 2018-11-26
5. CROWN CASTLE INTL CORP   2014-03-13 2018-11-26
7. DANAHER CORP   2017-04-27 2018-11-26
8. DELTA AIR LINES INC   2018-02-05 2018-11-26
20. DELTA AIR LINES INC   2017-12-08 2018-11-26
7. WALT DISNEY CO.   2014-03-13 2018-11-26
5. DOWDUPONT INC   2018-11-01 2018-11-26
9. DOWDUPONT INC   2018-11-01 2018-11-26
5. EOG RES INC   2015-12-14 2018-11-26
8. EBAY INC.   2013-12-27 2018-11-26
3. ECOLAB INC   2014-03-18 2018-11-26
12. EDWARDS LIFESCIENCES CORP   2014-03-13 2018-11-26
3. ELECTRONIC ARTS   2018-08-31 2018-11-26
5. FACEBOOK INC CLASS A   2018-07-26 2018-11-26
9. FACEBOOK INC CLASS A   2018-07-26 2018-11-26
7. FLOWSERVE CORP   2018-05-03 2018-11-26
4. FORTIVE CORP WI   2018-05-03 2018-11-26
3. GENERAL DYNAMICS CORP   2016-06-07 2018-11-26
4. GENERAL DYNAMICS CORP   2016-06-09 2018-11-26
2. GUIDEWIRE SOFTWARE INC   2016-10-14 2018-11-26
4. HEICO CORP   2015-12-22 2018-11-26
4. HUNT J B TRANS SVCS INC   2015-10-22 2018-11-26
2. INTUITIVE SURGICAL INC   2014-03-18 2018-11-26
4. J P MORGAN CHASE & CO   2017-10-24 2018-11-26
17. J P MORGAN CHASE & CO   2014-07-08 2018-11-26
14. KKR CO INC A   2018-07-17 2018-11-26
25. KKR CO INC A   2018-07-17 2018-11-26
57. KINDER MORGAN INC   2015-08-20 2018-11-26
9. LOWES COS INC   2016-02-03 2018-11-26
9. LOWES COS INC   2018-02-28 2018-11-26
11. MASTERCARD INC   2014-03-13 2018-11-26
6. MERCK CO INC   2010-10-14 2018-11-26
10. MICROSOFT CORP.   2017-07-13 2018-11-26
21. MICROSOFT CORP.   2008-11-05 2018-11-26
6. NIKE INC   2014-03-18 2018-11-26
4. OCCIDENTAL PETROLEUM CORP.   2014-03-13 2018-11-26
13. PAYPAL HOLDINGS INC   2013-12-27 2018-11-26
6. PEPSICO INC.   2008-02-06 2018-11-26
5. T. ROWE PRICE GROUP INC   2015-09-25 2018-11-26
76. REGIONS FINL CORP   2017-04-05 2018-11-26
3. SBA COMMUNICATIONS CORP   2016-11-17 2018-11-26
4. SBA COMMUNICATIONS CORP   2018-02-20 2018-11-26
6. SALESFORCE COM INC   2014-03-18 2018-11-26
9. CHARLES SCHWAB CORP.   2014-03-18 2018-11-26
38. CHARLES SCHWAB CORP.   2014-03-05 2018-11-26
3. STARBUCKS CORP.   2010-08-31 2018-11-26
4. SUNCOR ENERGY INC   2018-02-09 2018-11-26
22. SUNCOR ENERGY INC   2018-08-07 2018-11-26
6. SUNTRUST BANKS INC.   2014-03-18 2018-11-26
4. TJX COS INC   2013-02-05 2018-11-26
10. TJX COS INC   2013-02-05 2018-11-26
6. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2018-07-03 2018-11-26
14. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2018-10-23 2018-11-26
2. THERMO ELECTRON CORP   2014-11-19 2018-11-26
8. UNILEVER N V - NY SHARES   2014-12-08 2018-11-26
4. UNITED RENTALS INC   2018-10-18 2018-11-26
3. UNITED TECHNOLOGIES CORP.   2017-10-24 2018-11-26
7. UNITED TECHNOLOGIES CORP.   2009-05-12 2018-11-26
3. UNITEDHEALTH GROUP INC   2017-12-20 2018-11-26
6. UNITEDHEALTH GROUP INC   2018-05-09 2018-11-26
10. VISA INC CLASS A SHARES   2014-03-12 2018-11-26
21. VISA INC CLASS A SHARES   2014-03-13 2018-11-26
4. WAL MART STORES INC.   2017-10-31 2018-11-26
12. WELLS FARGO & CO-NEW   2016-05-02 2018-11-26
30. WELLS FARGO & CO-NEW   2013-03-14 2018-11-26
8. ACCENTURE PLC CL A   2013-06-28 2018-11-26
18. NOMAD FOODS LTD   2017-08-28 2018-11-26
55. NOMAD FOODS LTD   2017-09-11 2018-11-26
9. ALIBABA GROUP HOLDING LTD A D R   2018-10-10 2018-12-03
64. OCCIDENTAL PETROLEUM CORP.   2015-02-12 2018-12-03
13. EDWARDS LIFESCIENCES CORP   2014-03-13 2018-12-12
85. PEPSICO INC.   2008-02-06 2018-12-14
42. CHURCH & DWIGHT CO. INC.   2014-03-18 2018-12-19
31. EBAY INC.   2013-12-27 2018-12-19
23. BERKSHIRE HATHAWAY INC CL B   2014-03-13 2018-12-21
CAPITAL GAIN DIVIDENDS P    
(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 1,938   1,305 633
b 1,715   860 855
c 1,510   729 781
d 1,782   1,606 176
e 15,005   9,931 5,074
3,778   2,237 1,541
1,838   1,710 128
836   850 -14
1,879   1,881 -2
342   360 -18
2,245   2,272 -27
3,061   2,366 695
545   377 168
1,195   829 366
6,145   3,379 2,766
2,838   1,552 1,286
1,489   730 759
2,144   1,254 890
2,017   1,087 930
2,021   1,153 868
4,271   936 3,335
1,025   765 260
450   595 -145
151   72 79
711   676 35
1,016   1,116 -100
1,766   1,473 293
2,051   1,364 687
2,163   950 1,213
1,087   868 219
1,692   1,840 -148
637   1,109 -472
1,189   1,063 126
1,055   1,104 -49
2,132   1,827 305
1,138   1,117 21
1,462   1,072 390
1,358   1,101 257
1,531   987 544
458   152 306
1,743   1,221 522
554   409 145
1,815   832 983
1,265   851 414
2,020   714 1,306
1,403   1,313 90
2,430   1,939 491
1,115   678 437
1,029   602 427
2,257   1,189 1,068
794   716 78
1,274   667 607
1,037   211 826
342   335 7
1,134   666 468
807   457 350
1,033   624 409
1,290   939 351
1,247   1,196 51
1,534   1,563 -29
3,164   1,526 1,638
877   904 -27
964   960 4
620   617 3
1,188   1,165 23
820   784 36
962   980 -18
2,047   1,453 594
14   11 3
1,540   1,082 458
5,658   6,318 -660
6,819   6,984 -165
12,953   10,892 2,061
1,243   830 413
2,495   1,661 834
2,940   3,011 -71
3,360   4,437 -1,077
6,547   2,893 3,654
15,457   13,899 1,558
1,423   593 830
801   313 488
1,485   617 868
1,806   704 1,102
1,623   673 950
5,069   2,031 3,038
3,334   2,091 1,243
4,256   2,055 2,201
2,412   1,496 916
2,518   1,692 826
2,249   2,151 98
74,791   78,009 -3,218
6,330   1,714 4,616
57   20 37
576   656 -80
4,954   5,620 -666
759   281 478
1,260   732 528
1,240   524 716
1,862   312 1,550
563   437 126
322   347 -25
64   24 40
445   430 15
583   601 -18
1,070   835 235
1,309   498 811
221   248 -27
642   521 121
1,211   1,052 159
788   602 186
627   647 -20
1,328   1,080 248
659   638 21
986   613 373
744   551 193
1,295   1,227 68
552   542 10
487   433 54
981   717 264
371   234 137
775   269 506
734   464 270
1,038   286 752
821   707 114
343   350 -7
1,636   1,077 559
803   399 404
633   401 232
1,733   705 1,028
711   374 337
518   117 401
245   201 44
794   431 363
396   183 213
374   328 46
941   499 442
806   572 234
672   598 74
1,032   893 139
2,103   848 1,255
539   524 15
1,176   1,013 163
564   452 112
724   847 -123
6,751   2,890 3,861
3,608   2,962 646
4,639   4,992 -353
44   22 22
6,318   2,248 4,070
3,627   1,078 2,549
9,146   3,527 5,619
2,863   2,377 486
4,772   4,608 164
2,452   1,869 583
2,654   1,679 975
1,398   1,095 303
1,614   1,861 -247
9,025   9,363 -338
467   348 119
972   1,116 -144
6,067   5,486 581
599   384 215
5,784   2,060 3,724
6,354   1,913 4,441
5,753   2,175 3,578
981   618 363
2,069   890 1,179
655   274 381
657   274 383
639   446 193
618   647 -29
296   305 -9
324   223 101
324   223 101
6,713   14,361 -7,648
4,409   8,873 -4,464
4,973   2,662 2,311
3,001   2,152 849
773   320 453
8,503   1,555 6,948
888   365 523
1,791   1,415 376
1,783   1,219 564
1,388   1,768 -380
230   94 136
618   418 200
465   466 -1
2,076   1,191 885
1,045   600 445
962   455 507
1,550   312 1,238
253   219 34
1,142   1,201 -59
850   676 174
27   12 15
1,879   191 1,688
171   246 -75
438   386 52
576   516 60
1,265   1,069 196
3,143   2,087 1,056
1,780   1,308 472
1,783   1,053 730
940   332 608
233   248 -15
698   757 -59
24,531   23,131 1,400
10,469   10,591 -122
30,000   31,579 -1,579
324   304 20
678   451 227
631   657 -26
1,713   1,793 -80
458   240 218
244   287 -43
810   951 -141
424   495 -71
719   837 -118
541   371 170
720   581 139
454   425 29
1,135   1,081 54
785   566 219
286   289 -3
517   520 -3
509   383 126
230   171 59
461   330 131
1,818   437 1,381
251   341 -90
678   877 -199
1,220   1,587 -367
322   316 6
290   289 1
533   423 110
712   568 144
173   117 56
329   108 221
427   309 118
998   286 712
436   404 32
1,858   950 908
314   376 -62
561   672 -111
954   1,827 -873
789   603 186
789   797 -8
2,077   860 1,217
451   223 228
1,050   718 332
2,207   490 1,717
434   239 195
283   372 -89
1,042   429 613
694   407 287
482   345 137
1,236   1,098 138
496   301 195
662   679 -17
751   353 398
406   240 166
1,718   1,016 702
196   35 161
130   134 -4
713   911 -198
379   235 144
183   91 92
459   228 231
219   219  
511   529 -18
480   250 230
439   327 112
454   476 -22
387   359 28
905   368 537
794   670 124
1,591   1,373 218
1,355   565 790
2,849   1,178 1,671
379   349 30
634   608 26
1,589   1,108 481
1,265   576 689
358   271 87
1,097   840 257
1,489   1,306 183
4,565   5,680 -1,115
2,150   474 1,676
9,701   4,993 4,708
2,754   1,441 1,313
879   661 218
4,464   2,872 1,592
      68,820
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       633
b       855
c       781
d       176
e       5,074
      1,541
      128
      -14
      -2
      -18
      -27
      695
      168
      366
      2,766
      1,286
      759
      890
      930
      868
      3,335
      260
      -145
      79
      35
      -100
      293
      687
      1,213
      219
      -148
      -472
      126
      -49
      305
      21
      390
      257
      544
      306
      522
      145
      983
      414
      1,306
      90
      491
      437
      427
      1,068
      78
      607
      826
      7
      468
      350
      409
      351
      51
      -29
      1,638
      -27
      4
      3
      23
      36
      -18
      594
      3
      458
      -660
      -165
      2,061
      413
      834
      -71
      -1,077
      3,654
      1,558
      830
      488
      868
      1,102
      950
      3,038
      1,243
      2,201
      916
      826
      98
      -3,218
      4,616
      37
      -80
      -666
      478
      528
      716
      1,550
      126
      -25
      40
      15
      -18
      235
      811
      -27
      121
      159
      186
      -20
      248
      21
      373
      193
      68
      10
      54
      264
      137
      506
      270
      752
      114
      -7
      559
      404
      232
      1,028
      337
      401
      44
      363
      213
      46
      442
      234
      74
      139
      1,255
      15
      163
      112
      -123
      3,861
      646
      -353
      22
      4,070
      2,549
      5,619
      486
      164
      583
      975
      303
      -247
      -338
      119
      -144
      581
      215
      3,724
      4,441
      3,578
      363
      1,179
      381
      383
      193
      -29
      -9
      101
      101
      -7,648
      -4,464
      2,311
      849
      453
      6,948
      523
      376
      564
      -380
      136
      200
      -1
      885
      445
      507
      1,238
      34
      -59
      174
      15
      1,688
      -75
      52
      60
      196
      1,056
      472
      730
      608
      -15
      -59
      1,400
      -122
      -1,579
      20
      227
      -26
      -80
      218
      -43
      -141
      -71
      -118
      170
      139
      29
      54
      219
      -3
      -3
      126
      59
      131
      1,381
      -90
      -199
      -367
      6
      1
      110
      144
      56
      221
      118
      712
      32
      908
      -62
      -111
      -873
      186
      -8
      1,217
      228
      332
      1,717
      195
      -89
      613
      287
      137
      138
      195
      -17
      398
      166
      702
      161
      -4
      -198
      144
      92
      231
       
      -18
      230
      112
      -22
      28
      537
      124
      218
      790
      1,671
      30
      26
      481
      689
      87
      257
      183
      -1,115
      1,676
      4,708
      1,313
      218
      1,592
       
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 2 203,725
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 155,000 3,407,744 0.045485
2016 160,431 3,109,048 0.051601
2015 155,893 3,247,163 0.048009
2014 140,044 3,246,303 0.04314
2013 141,611 3,016,234 0.04695
2
Total of line 1, column (d) .....................
2
0.235185
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
0.047037
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
3,682,679
5
Multiply line 4 by line 3......................
5
173,222
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,365
7
Add lines 5 and 6........................
7
175,587
8
Enter qualifying distributions from Part XII, line 4,.............
8
165,000
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.
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 4,731
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 0
3 Add lines 1 and 2........................... 3 4,731
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,731
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,353
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,353
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,378
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 taxBullet0 RefundedBullet 11 0
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)
    bulletCA
    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 ofbulletLAURA BLEWETT Telephone no.bullet (919) 388-5353

    Located atbullet713 ALLFORTH PLACECARYNC ZIP+4bullet27519
    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
     
     
    ........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
    STEVENS VAN STRUM PRESIDENT
    1     		1,000    
    PO BOX 5876
    EUGENE,OR04843
    LAURA H BLEWETT SECRETARY
    1     		1,000    
    713 ALLFORTH PLACE
    CARY,NC27519
    CECILIA VAN STRUM NOBEL TRUSTEE
    1     		1,000    
    7718 BLOOMFIELD ROAD
    EASTON,MD21601
    ROBERT NOBEL TRUSTEE
    1     		1,000    
    7718 BLOOMFIELD ROAD
    EASTON,MD21601
    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 0
    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.............bullet0
    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
    3,673,234
    b
    Average of monthly cash balances.......................
    1b
    65,526
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,738,760
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    3,738,760
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    56,081
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,682,679
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    184,134
    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
    184,134
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,731
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,731
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    179,403
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    179,403
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    179,403
    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
    165,000
    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
    165,000
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    165,000
    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 7 179,403
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 163,074
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 165,000
    a Applied to 2017, but not more than line 2a 163,074
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,926
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		177,477
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    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.
    NONE
    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
    CHANNEL MARKER FOUNDATION
    222 PORT STREET
    EASTON,MD21601     		NONE 501(C)3 PRIMARY PROJECT 17,000
    MENTAL HEALTH ASSOCIATION
    OF TALBOT COUNTY
    108 MARYLAND AVE
    EASTON,MD21601     		NONE 501(C)3 KIDS ON THE BLOCK PROGRAM 5,000
    OJAI VALLEY SCHOOL
    723 EL PASEO ROAD
    OJAI,CA93023     		NONE 501(C)3 SCHOLARSHIP FUND 5,000
    CHESAPEAKE BAY MARITIME MUSEUM
    213 N TALBOT ST
    ST MICHAELS,MD21663     		NONE 501(C)3 SUPPORT FOR DISCRETION OF 5,000
    TALBOT HOSPICE FOUNDATION INC
    586 CYNWOOD DR
    EASTON,MD21601     		NONE 501(C)(3) SUPPORT OF ORGANIZATION'S 5,000
    CRITCHLOW ADKINS CHILDREN CENTER
    11 MAGNOLIA ST PO BOX 2950
    EASTON,MD21601     		NONE 501(C)(3) INITIATIVE AND OPERATING 12,000
    SMITH COLLEGE
    7 COLLEGE LANE
    NORTHAMPTON,MA01063     		NONE 501(C)(3) SCHOLARSHIP FUND GRANT 20,000
    MID ATLANTIC SYMPHONY ORCHESTRA
    1810 N PHILADELPHIA AVENUE
    OCEAN CITY,MD21842     		NONE 501(C)(3) SUPPORT OF ORGANIZATION'S 17,500
    ACADEMY OF THE ARTS MUSEUM
    106 SOUTH STREET
    EASTON,MD21601     		NONE PUBLIC CHARITY ENDOWMENT CIRCLE PLEDGE 5,000
    PARTNERS IN HEALTH
    PO BOX 996
    FREDERICK,MD217059942     		NONE 501(C) (3) SUPPORT OF ORGANIZATION'S 10,000
    THE LAND INSTITUTE
    2440 E WATER WELL ROAD
    SALINAS,KS67401     		NONE 501(C) (3) SUPPORT OF ORGANIZATION'S 15,500
    FIRST NIGHT TALBOT
    11 SOUTH HARRISON STREET
    EASTON,MD21601     		NONE 501(C)(3) GENERAL SUPPORT 1,000
    CHESAPEAKE MUSIC
    PO BOX 461
    EASTON,MD21601     		NONE 501(C)3 GENERAL SUPPORT 5,000
    TALBOT COUNTY HISTORICAL SOCIETY
    30 S WASHINGTON STREET
    EASTON,MD21601     		NONE PUBLIC CHARITY GENERAL 3,000
    AMERICAN RED CROSS
    80 WEST STREET
    ANNAPOLIS,MD21401     		NONE PUBLIC CHARITY GENERAL 25,000
    DOCTORS WITHOUT BORDERS USA
    40 RECTOR STREET
    NEW YORK,NY10006     		NONE PUBLIC CHARITY GENERAL 10,000
    Total .................................bullet 3a 161,000
    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 ...........     		         
    4 Dividends and interest from securities....     14 57,751  
    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 ............     		    18 203,725  
    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)..   261,476  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    261,476
    (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

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    VAN STRUM FOUNDATION 8833023
    EIN:
    94-2870047
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME MUTUAL FUNDS 545,421 530,715

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    VAN STRUM FOUNDATION 8833023
    EIN:
    94-2870047
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 1,109,249 1,652,112
    MUTUAL FUNDS 1,032,945 947,715
    FOREIGN STOCK 107,947 135,969

    TY 2018 OtherDecreasesSchedule
    Name:
    VAN STRUM FOUNDATION 8833023
    EIN:
    94-2870047
    Description Amount
    BK VAL ADJ - ROC AND CORP ACTIONS 3,564


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    VAN STRUM FOUNDATION 8833023
    EIN:
    94-2870047
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES-PRIN 22,916 22,916 22,916  
    OTHER EXPENSE (NON-DEDUCTIBLE 4 4    


    TY 2018 TaxesSchedule
    Name:
    VAN STRUM FOUNDATION 8833023
    EIN:
    94-2870047
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 195 195   0
    STATE INCOME TAXES - PRINCIPAL 60 0   0
    FEDERAL EXCISE TAX 1,725 0   0
    QUARTERLY TAX DEPOSIT 2,353 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,081 1,081   0
    FOREIGN TAXES ON NONQUALIFIED 70 70   0