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 02-01-2018 , and ending 01-31-2019
Name of foundation
KATE KINLOCH MIDDLETON FUND
REGIONS BANK TRUSTEE #1255000660
Number and street (or P.O. box number if mail is not delivered to street address)P O DRAWER 1628
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOBILE, AL366331628
A Employer identification number

63-6018539
B Telephone number (see instructions)

(251) 431-8309
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$2,624,062J 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) 3,097
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 62,386 61,630  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 181,782
b Gross sales price for all assets on line 6a 1,259,134
7 Capital gain net income (from Part IV, line 2)... 181,782
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........ 247,265 243,412  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 25,149 18,862   6,287
14 Other employee salaries and wages...... 20,000 0   20,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,723 0   4,723
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,649 1,214   1,530
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 2,787 0   2,787
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,690 805   3,885
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 60,998 20,881   39,212
25 Contributions, gifts, grants paid....... 85,836 85,836
26 Total expenses and disbursements. Add lines 24 and 25 146,834 20,881   125,048
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 100,431
b Net investment income (if negative, enter -0-) 222,531
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......... 95,601 80,774 80,774
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) 253,971 Click to see attachment107,773 106,753
b Investments—corporate stock (attach schedule)....... 767,395 Click to see attachment658,228 797,608
c Investments—corporate bonds (attach schedule)....... 374,894 Click to see attachment289,730 287,876
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 888,499 Click to see attachment1,343,052 1,351,051
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) 2,380,360 2,479,557 2,624,062
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 2,380,360 2,479,557
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 2,380,360 2,479,557
31 Total liabilities and net assets/fund balances (see instructions). 2,380,360 2,479,557
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
2,380,360
2
Enter amount from Part I, line 27a .....................
2
100,431
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,480,791
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,234
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,479,557
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
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 1,227,622   1,077,352 150,270
b 31,512     31,512
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       150,270
b       31,512
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 2 181,782
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 94,006 2,649,574 0.035480
2016 123,296 2,522,396 0.048881
2015 121,217 2,617,503 0.046310
2014 175,250 2,758,726 0.063526
2013 157,477 2,710,477 0.058099
2
Total of line 1, column (d) .....................
2
0.252296
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
0.050459
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,683,948
5
Multiply line 4 by line 3......................
5
135,429
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,225
7
Add lines 5 and 6........................
7
137,654
8
Enter qualifying distributions from Part XII, line 4,.............
8
125,048
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 4,451
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 4,451
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 4,451
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 880
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 880
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,572
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletAL
    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 ofbulletREGIONS BANK TRUST DEPARTMENT Telephone no.bullet (251) 431-8309

    Located atbullet11 NORTH WATER STREET 28TH FLOORMOBILEAL ZIP+4bullet36602
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    REGIONS BANK TRUSTEE
    1.00     		25,149 0 0
    PO DRAWER 1628
    MOBILE,AL366331628
    YUELL BUSEY DIST. COM.
    0.25     		0 0 0
    4324 BOULEVAD PARK SOUTH
    MOBILE,AL36609
    WALTER MEIGS DIST. COM.
    0.25     		0 0 0
    PO BOX 190
    MOBILE,AL36601
    NORMAN PITMAN DIST. COM.
    0.25     		0 0 0
    3800 AIRPORT BLVD
    MOBILE,AL36608
    WILBERT JORDAN DIST. COM.
    0.25     		0 0 0
    3800 AIRPORT BLVD
    MOBILE,AL36608
    REV REUBIN ROCKWELL DIST. COM.
    0.25     		0 0 0
    4051 OLD SHELL RD
    MOBILE,AL36608
    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.........................bullet0
    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
    2,643,752
    b
    Average of monthly cash balances.......................
    1b
    81,068
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,724,820
    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
    2,724,820
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    40,872
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,683,948
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    134,197
    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
    134,197
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,451
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,451
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    129,746
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    129,746
    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
    129,746
    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
    125,048
    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
     
    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
    125,048
    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
    125,048
    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 7 129,746
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 104,185
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 125,048
    a Applied to 2017, but not more than line 2a 104,185
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment3,097
    d Applied to 2018 distributable amount..... 17,766
    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 3,097
    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 ..........     		111,980
    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) .......     		3,097
    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....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    BETTY THORNTON
    61 ST JOSEPH ST STE 800B
    MOBILE,AL36602
    (251) 438-9597
    MIDDLETONFUND@BELLSOUTH.NET
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS MUST COMPLETE AN APPLICATION AND INTERVIEW WITH BETTY THORNTON. APPLICANTS MUST PROVIDE COPIES OF MEDICAL BILLS AND PROOF OF INCOME AND EXPENSES, SHOWING THE FINANCIAL BURDEN RELATED TO THE MEDICAL PROBLEM.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE AWARDED ONLY FOR FINANCIAL BURDEN CAUSED BY MEDICAL EXPENSE. GRANTS ARE LIMITED TO MOBILE COUNTY, ALABAMA RESIDENTS.
    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
    TERESA BUTLER
    4846 LOTT ROAD
    EIGHT MILE,AL36613     		NONE I MEDICAL EXPENSES 4,189
    TAMMY M WALLEY
    3455 SHERRINGHAM DRIVE
    MOBILE,AL36609     		NONE I MEDICAL EXPENSES 4,278
    RAYMOND J WEINSHENKER
    411 SOUTH PARK AVENUE
    MOBILE,AL36695     		NONE I MEDICAL EXPENSES 15,945
    JESSICA E ADAMS
    4950 GOVERNMENT STREET BLVD APT 214
    MOBILE,AL36693     		NONE I MEDICAL EXPENSES 6,392
    TIMOTHY S STOKLEY
    16 FERRY AVENUE
    SARALAND,AL36571     		NONE I MEDICAL EXPENSES 13,968
    REGINA DANIELS
    5725 OLD PASCAGOULA RD APT 16
    MOBILE,AL36619     		NONE I MEDICAL EXPENSES 7,419
    ERIK THANN NGUYEN
    8270 MOSSBERG DRIVE NORTH
    THEODORE,AL36582     		NONE I MEDICAL EXPENSES 4,324
    DIEP D VAN
    7334 CAROL ACRES LANE
    MOBILE,AL36619     		NONE I MEDICAL EXPENSES 2,554
    JANET RAINER
    9900 MOUNTIAN LAUREL DRIVE
    SEMMES,AL36575     		NONE I MEDICAL EXPENSES 26,442
    GWENDOLYN SMITH
    1706 VIRGINIA STREET
    MOBILE,AL36604     		NONE I MEDICAL EXPENSES 325
    Total .................................bullet 3a 85,836
    bApproved for future payment
    Total .................................bullet 3b 0
    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 62,386  
    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 ............     		    18 181,782  
    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).. 0 244,168 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    244,168
    (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 AccountingFeesSchedule
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES -- TAX RETURN PREPARATION 4,178 0   4,178
    ACCOUNTING FEES -- PAYROLL TAX 545 0   545

    TY 2018 DistributionFromCorpusElection
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Election:
    THE FOUNDATION ELECTS, PURSUANT TO REGULATION PARAGRAPH 53.4942(A)-3(D)(2) OF THE INTERNAL REVENUE CODE, TO TREAT $3,097 OF THE QUALIFYING DISTRIBUTIONS MADE DURING THE CURRENT YEAR AS DISTRIBUTIONS MADE OUT OF CORPUS. THE EFFECT OF THIS ELECTION IS TO SATISFY THE REQUIREMENTS IMPOSED BY SECTION 4942(G)(3) RELATING TO PASS-THROUGH DISTRIBUTIONS.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Name of Bond End of Year Book Value End of Year Fair Market Value
    13,000 - MORGAN STANLEY 3.7% 13,154 13,096
    12,000 BIOGEN INC 12,169 11,987
    6,000 - ROYAL BANK OF CANADA 2.5% 6,000 5,952
    6,000 ORACLE CORP 2.625% 5,960 5,936
    6,000 - AMERICAN EXPRESS 2.6% 6,007 5,977
    7,000 - CISCO SYSTEMS INC 2.5% 6,946 6,675
    6,000 - CITIGROUP 2.65% 6,001 5,956
    6,000 - FORD MOTOR CO 3.157% 6,082 5,902
    6,000 - IBM 3.6% 5,998 6,084
    6,000 - INTEL CORP 3.3% 6,079 6,113
    6,000 - MOLSON COORS BREW CO 3.5% 6,069 6,000
    6,000 - PRUDENTIAL FINL 4.5% 6,077 6,155
    7,000 - SUNTRUST BKS 2.7% 6,972 6,880
    6,000 - TOYOTA MOTOR CREDIT 3.4% 6,090 6,082
    7,000 - WALGREENS BOOTS 3.8% 7,055 6,988
    6,000 - WELLS FARGO BANK 2.6% 5,999 5,953
    6,000 CAPITAL ONE FINL CORP 6,002 5,958
    6,000 DUKE ENERGY CORP 5,854 5,800
    6,000 GILEAD SCIENCES INC 3.65% 6,077 6,016
    6,000 GOLDMAN SACHS GROUP 2.905% 6,908 6,850
    7,000 - APPLE, INC 2.1% 6,919 6,847
    6,000 - APPLE, INC 2.3% 5,983 5,918
    6,000 - BANK OF MONTREAL BOND 5,980 5,968
    6,000 - FIFTH THIRD BANK BOND 5,989 5,888
    7,000 - KROGER CO 6,866 6,307
    7,000 - VALERO ENERGY CORP 6,976 6,672
    7,000 - VERIZON COMMUNICATIONS 6,875 6,538
    7,000 AMGEN INC 6,934 6,706
    6,000 GENERAL ELECTRIC CO BOND 5% 6,211 6,150
    6,000 AIR LEASE CORP - 2.125% 5,905 5,945
    9,000 - AM. HONDA FINL CORP 8,984 8,970
    6,000 - BP CAP MKTS AMERICA INC 6,008 6,182
    6,000 - DOWDUPONT INC 6,001 6,219
    6,000 - FNMA BOND 5,631 5,753
    6,000 - IBM CORP 3.45% 6,058 5,987
    6,000 - TD AMERITRADE CORP 5,987 6,130
    6,000 - CHARLES SCHWAB CORP 6,006 6,043
    6,000 - TOYOTA MOTOR CREDIT 2.95% 6,000 6,019
    6,000 - WALMART INC 5,988 6,172
    6,000 - BANK OF NOVA SCOTIA 5,888 5,933
    6,000 - EQUINOR ASA 6,079 6,195
    7,000 - LLOYDS BANKING GROUP PLC 7,010 6,970
    6,000 - PROVINCE OF BC CANADA 5,945 5,999
    6,000 - CVS HEALTH CORP 6,008 6,005

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Name of Stock End of Year Book Value End of Year Fair Market Value
    87 SHS LYONDELLBASELL INDUS 6,636 7,566
    55 SHS UNION PAC CORP 5,423 8,749
    86 SHS PRUDENTIAL FINL INC 5,781 7,924
    92 SHS HOME DEPOT INC 13,216 16,885
    120 SHS CHUBB LTD 13,435 15,966
    151 SHS JB HUNT TRANSPORT SERVICES 14,729 16,163
    85 - MCDONALDS CORP 10,005 15,196
    68 SHS NEXTERA ENERGY INC 6,174 12,171
    15 SHS ALPHABET INC CL C 7,891 16,746
    112 SHS HONEYWELL INTL 9,958 16,087
    208 SHS WAL MART STORES 19,197 19,933
    139 SHS ELI LILLY CO 11,423 16,661
    136 SHS CHEVRON CORP 13,841 15,592
    208 SHS MERCK & CO 11,987 15,481
    206 SHS EXXON MOBIL CORP 16,942 15,096
    170 SHS PEPSICO INC 16,917 19,154
    134 SHS UNITED TECH CORP 14,433 15,825
    15 SHS ALPHBET INC CL A 10,349 16,889
    249 SHS CITIGROUP INC 13,858 16,055
    178 SHS APPLE INC 24,337 29,626
    17 SHS AMAZON.COM INC 14,586 29,218
    133 SHS CARNIVAL CORP 7,782 7,658
    171 SHS PROCTER & GAMBLE CO 15,777 16,496
    29 SHS BLACKROCK INC 9,109 12,037
    413 SHS COMCAST CORP 15,487 15,103
    220 SHS JP MORGAN CHASE CO 11,149 22,770
    115 SHS COGNIZANT TECH SOL 6,702 8,013
    213 SHS EATON CORP 13,383 16,241
    427 SHS CISCO SYSTEMS 13,816 20,193
    271 SHS VERIZON COMMUNICATIONS 13,054 14,921
    195 SHS SUNTRUST BANKS INC 7,983 11,587
    530 SHS AT&T INC 17,816 15,932
    52 SHS AIR PRODUCTS INC 7,114 8,548
    46 SHS PALO ALTO NETWORKS INC 6,661 9,882
    357 SHS PFIZER INC 12,397 15,155
    51 SHS ECOLAB INC 5,517 8,067
    65 SHS THERMO FISHER SCIENTIFIC 8,013 15,969
    144 SHS UPS INC 15,852 15,178
    115 SHS CELGENE CORP 11,143 10,173
    71 SHS STRYKER CORP 6,965 12,607
    39 SHS INTUIT INC 3,626 8,417
    72 SHS DOLLAR GENERAL CORP 6,734 8,311
    721 SHS BANK OF AMERICA 21,427 20,527
    44 SHS CME GROUP INC 7,766 8,020
    157 SHS EOG RESOURCES INC 18,745 15,574
    82 SHS MCCORMICK & CO INC 11,144 10,138
    407 SHS MICROSOFT CORP 39,185 42,503
    95 SHS ROSS STORES INC 9,221 8,751
    56 SHS SALESFORCE.COM INC 7,797 8,510
    58 SHS UNITEDHEALTH GROUP INC 13,255 15,672
    230 SHS WEC ENERGY GROUP INC 15,858 16,797
    176 SHS ZOETIS INC 16,083 15,164
    146 SHS VISA INC 20,549 19,711

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    US Government Securities - End of Year Book Value:

    107,773
    US Government Securities - End of Year Fair Market Value:

    106,753
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    984 - FNMA 6.0% AT COST 1,006 1,083
    2857 FREDDIE MAC GOLD POOL AT COST 2,974 3,053
    1831 FREDDIE MAC GOLD POOL AT COST 1,902 1,912
    625 - FNMA 5.0% AT COST 627 637
    3064 - FNMA 5% AT COST 3,171 3,281
    1478 FREDDIE MAC GOLD POOL AT COST 1,520 1,551
    2811 - FNMA 6.0% AT COST 2,945 3,079
    2460 FREDDIE MAC GOLD POOL AT COST 2,616 2,587
    1286 - FNMA 5.5% AT COST 1,332 1,393
    2443 - FNMA 4% AT COST 2,511 2,522
    2460 FREDDIE MAC GOLD POOL AT COST 2,533 2,542
    12868 FREDDIE MAC GOLD POOL AT COST 13,256 12,988
    503 - FNMA 5% AT COST 508 512
    2404 FREDDIE MAC GOLD POOL AT COST 2,438 2,476
    3329 - TEMPLETON GLOBAL BD FD AT COST 44,331 38,122
    11910 FREDDIE MAC GOLD POOL AT COST 12,103 11,773
    7313 - FNMA 6% AT COST 7,395 8,024
    2781 - FNMA 4.0% AT COST 2,817 2,862
    1106 - FNMA 5.% AT COST 1,120 1,127
    4820 FNMA 3.5% AT COST 5,001 4,876
    6270 - FNMA - 3.5% AT COST 6,249 6,343
    3035 FREDDIE MAC GOLD POOL AT COST 3,037 3,074
    24495 - FREDDIE MAC GOLD POOL 3.5% AT COST 23,867 24,747
    5350 - FNMA 6% AT COST 5,530 5,864
    2269 - FNMA 4.5% AT COST 2,341 2,370
    485 - ISHARES CORE S&P MID CP AT COST 75,987 88,828
    3114 - FNMA 3.5% AT COST 3,144 3,173
    4514 - FNMA 3% AT COST 4,563 4,538
    1139 JP MORGAN MID CAP FD AT COST 38,116 41,251
    4111 - FNMA 3.5% AT COST 4,253 4,149
    2586 - FNMA 4.5% AT COST 2,663 2,718
    4288 - FNMA 4% AT COST 4,374 4,427
    ADVISERS INVT TR INST AT COST 180,323 180,089
    ARTISAN MID CAP FUND AT COST 48,869 45,791
    BARON EMERGING MKTS FUND AT COST 283,894 283,791
    INVESCO INTL GROWTH FD AT COST 174,019 167,209
    ISHARES CORE S&P SC FD AT COST 70,581 88,193
    PRUDENTIAL HI YD FD AT COST 77,305 78,069
    PRUDENTIAL QMA S-C VALUE FUND AT COST 44,653 40,391
    VICTORY RS S-C GROWTH FD AT COST 45,766 37,569
    21591 - FNMA POOL AT COST 22,052 22,305
    6163 - FNMA POOL AT COST 6,168 6,100
    14466 - FNMA POOL AT COST 14,759 14,289
    8507 - FNMA POOL AT COST 8,492 8,400
    14943 - FNMA POOL AT COST 15,427 15,429
    5426 - FNMA POOL AT COST 5,384 5,435
    16742 - FNMA POOL AT COST 16,637 16,904
    3919 FREDDIE MAC GOLD POOL AT COST 3,971 3,992
    3841 - DOUBLELINE EMER. MKTS FD AT COST 38,522 39,213

    TY 2018 OtherDecreasesSchedule
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Description Amount
    TIMING DIFFERENCES 1,234


    TY 2018 OtherExpensesSchedule
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS EXPENSE 369 0   369
    TELEPHONE 2,961 0   2,961
    PARKING 435 0   435
    P.O. BOX RENTAL 120 0   120
    INVESTMENT EXPENSES 805 805   0


    TY 2018 TaxesSchedule
    Name:
    KATE KINLOCH MIDDLETON FUND
     
    REGIONS BANK TRUSTEE #1255000660
    EIN:
    63-6018539
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 1,530 0   1,530
    FEDERAL EXCISE TAXES 905 0   0
    FOREIGN TAXES PAID 1,214 1,214   0