Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE CARLS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6001 N ADAMS ROAD NO 215
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMFIELD HILLS, MI48304
A Employer identification number

38-6099935
B Telephone number (see instructions)

(248) 434-5512
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$118,299,092J 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... 3,040,987 3,040,987  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,164,446
b Gross sales price for all assets on line 6a 98,748,784
7 Capital gain net income (from Part IV, line 2)... 3,164,446
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........ 6,205,433 6,205,433  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 141,600 0   141,600
14 Other employee salaries and wages...... 110,450 0   110,450
15 Pension plans, employee benefits....... 57,046 0   57,046
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 26,250 8,750   17,500
c Other professional fees (attach schedule).... Click to see attachment 523,028 523,028   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 27,144 0   17,144
19 Depreciation (attach schedule) and depletion... 6,113 0  
20 Occupancy.............. 28,332 0   28,332
21 Travel, conferences, and meetings....... 10,505 0   10,505
22 Printing and publications.......... 263 0   263
23 Other expenses (attach schedule)....... Click to see attachment 36,980 60   36,920
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 967,711 531,838   419,760
25 Contributions, gifts, grants paid....... 5,806,258 5,806,258
26 Total expenses and disbursements. Add lines 24 and 25 6,773,969 531,838   6,226,018
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -568,536
b Net investment income (if negative, enter -0-) 5,673,595
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............. 87,681 62,503 62,503
2 Savings and temporary cash investments......... 2,779,013 3,855,794 3,855,794
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) 14,044,292 Click to see attachment23,652,201 23,850,947
b Investments—corporate stock (attach schedule)....... 73,518,109 Click to see attachment73,494,433 80,586,597
c Investments—corporate bonds (attach schedule)....... 16,128,927 Click to see attachment5,516,839 5,376,367
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,378,201 Click to see attachment4,792,030 4,558,358
14 Land, buildings, and equipment: basis bullet84,069
Less: accumulated depreciation (attach schedule) bullet75,543 14,639 Click to see attachment8,526 8,526
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 111,950,862 111,382,326 118,299,092
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 111,950,862 111,382,326
30 Total net assets or fund balances (see instructions)..... 111,950,862 111,382,326
31 Total liabilities and net assets/fund balances (see instructions). 111,950,862 111,382,326
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
111,950,862
2
Enter amount from Part I, line 27a .....................
2
-568,536
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
111,382,326
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
111,382,326
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 98,748,784   95,584,338 3,164,446
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,164,446
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,164,446
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 6,059,909 124,162,344 0.048806
2016 5,539,047 116,967,473 0.047355
2015 6,160,268 124,158,456 0.049616
2014 6,297,704 127,727,318 0.049306
2013 5,785,484 119,553,225 0.048393
2
Total of line 1, column (d) .....................
2
0.243476
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
0.048695
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
127,573,893
5
Multiply line 4 by line 3......................
5
6,212,211
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
56,736
7
Add lines 5 and 6........................
7
6,268,947
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,226,018
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 1 113,472
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........................... 3 113,472
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- ..... 5 113,472
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 126,782
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 16,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 142,782
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 29,310
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet29,310 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$ 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)
    bulletMI
    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 addressbulletWWW.CARLSFDN.ORG
    14
    The books are in care ofbulletELIZABETH A STIEG Telephone no.bullet (248) 385-5517

    Located atbullet6001 N ADAMS ROAD SUITE 215BLOOMFIELD HILLSMI ZIP+4bullet48304
    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
    ELIZABETH A STIEG PRESIDENT/EXECUTIVE DIRECT
    40.00     		141,600 21,240 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    HENRY FLEISCHER VICE PRESIDENT/TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    ROBERT A SAJDAK TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    DR HOMER E NYE TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    EDWARD C STIEG TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    TERESA KRIEGER-BURKE PHD TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    BRUCE M FLEISCHER PHD TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    DONALD A DELONG ESQ TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    BRAIN DERISLEY TRUSTEE
    1.00     		0 0 0
    6001 N ADAMS ROAD NO 215
    BLOOMFIELD HILLS,MI48304
    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
    KATHY A STENMAN PROGRAM OFFICER
    40.00     		90,600 13,590 0
    6001 N ADAMS ROAD STE 215
    BLOOMFIELD HILLS,MI48304
    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
    125,987,114
    b
    Average of monthly cash balances.......................
    1b
    3,529,529
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    129,516,643
    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
    129,516,643
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,942,750
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    127,573,893
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,378,695
    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
    6,378,695
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    113,472
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    113,472
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,265,223
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,265,223
    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
    6,265,223
    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
    6,226,018
    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
    6,226,018
    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
    6,226,018
    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 6,265,223
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 37,079
    c From 2015...... 100,409
    d From 2016......  
    e From 2017...... 71,278
    fTotal of lines 3a through e........ 208,766
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,226,018
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 6,226,018
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 39,205 39,205
    (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 5 169,561
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 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 ......     		169,561
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 98,283
    c Excess from 2016....  
    d Excess from 2017.... 71,278
    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:
    ELIZABETH A STIEG EXECUTIVE DIRECTO
    6001 N ADAMS ROAD STE 215
    BLOOMFIELD HILLS,MI48304
    (248) 434-5512
    EASTIEG@CARLSFDN.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    NO FORMAL APPLICATION OR REQUEST FORM IS REQUIRED
    cAny submission deadlines:
    THERE ARE NO DEADLINES FOR SUBMISSION OF REQUESTS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION HAS A BROADLY DEFINED CHARITABLE PURPOSE BUT THE ORGANIZATION'S PRIMARY FOCUS IS CHILDREN'S HEALTH & WELFARE (PRIMARILY IN MI), PRESERVATION OF NATURAL AREAS AND OPEN SPACES, AND HISTORICAL BUILDINGS. THE FOUNDATION DOES NOT PROVIDE GRANTS TO INDIVIDUALS, FOR ENDOWMENTS, PUBLICATIONS, CONFERENCES, SEMINARS, FILM, FELLOWSHIPS, EDUCATION, LOANS, TRAVEL, RESEARCH, PLAYGROUND OR ATHLETIC FACILITIES OR UNDERWRITE RELATED EVENTS.
    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
    WELLSPRING
    16742 LAMPHERE
    DETROIT,MI48219     		  PUBLIC CHARITY SUPPORT FOR BUILDING AND SITE IMPROVEMENTS 100,000
    MCLAREN NORTHERN MICHIGAN FOUNDATION
    360 CONNABLE AVENUE
    PETOSKEY,MI49770     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF AUDIOLOGY SCREENING EQUIPMENT 42,985
    GOODWILL OF NORTHERN MICHIGAN
    12279 SOUTH AIRPORT ROAD WEST
    TRAVERSE CITY,MI49684     		  PUBLIC CHARITY SUPPORT FOR TRUCK REPAIRS, BUILDING IMPROVEMENTS AND FOOD PROGRAM 40,000
    LEELANAU CHILDREN'S CENTER
    111 N FIFTH STREET PO BOX 317
    LELAND,MI49654     		  PUBLIC CHARITY SUPPORT FOR HEALTHY LOCAL FOOD PROGRAM FOR PRESCHOOL 15,000
    ST LOUIS CENTER
    16195 OLD US 12
    CHELSEA,MI481189646     		  PUBLIC CHARITY SUPPORT FOR PURCHASE OF FURNISHINGS FOR SENSORY THERAPY ROOMS 20,000
    CHALLENGE MOUNTAIN
    PO BOX 764
    BOYNE CITY,MI49712     		  PUBLIC CHARITY SUPPORT FOR CONSTRUCTION OF NEW SEPTIC FIELD FOR ADAPTIVE SKIING PROGRAM 10,000
    CHILD & FAMILY SERVICES OF NORTHEAST MICHIGAN
    1044 US HWY 23 NORTH
    ALPENA,MI49707     		  PUBLIC CHARITY SUPPORT FOR THE HEALTHY START/HEALTHY FAMILIES AMERICA PROGRAM IN ALPENA, MI 50,000
    LAHC - LEADERS ADVANCING & HELPING COOMMUNITIES
    835 MASON STREET SUITE A-160
    DEARBORN,MI48124     		  PUBLIC CHARITY SUPPORT FOR BUILDING RENOVATIONS FOR FOOD PANTRY AND DEMONSTRATION KITCHEN 100,000
    METHODIST CHILDREN'S HOME SOCIETY
    26645 WEST SIX MILE ROAD
    REDFORD,MI48240     		  PUBLIC CHARITY SUPPORT FOR RENOVATION OF FACILITY FOR THERAPY 212,176
    WORLD MEDICAL RELIEF
    21725 MELROSE AVENUE
    SOUTHFIELD,MI48075     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF BLANKETS FOR BABIES 5,000
    DETROIT COMMUNITY OUTREACH - YOUTHWORKS DETROIT
    PO BOX 06650
    DETROIT,MI48206     		  PUBLIC CHARITY SUPPORT FOR RENOVATION OF FACILITY BATHROOM AAND KITCHEN 32,000
    HEADWATERS LAND CONSERVANCY
    110 SOUTH ELM AVENUE
    GAYLORD,MI497351313     		  PUBLIC CHARITY SUPPORT FOR STEWARDSHIP FUNDS 5,000
    LAND TRUST ALLIANCE
    1250 H STREET NW SUITE 600
    WASHINGTON,DC20005     		  PUBLIC CHARITY SUPPORT FOR ACCREDITATION AND CAPACITY BUILDING PROGRAMS FOR MICHIGAN CONSERVANCIES 100,000
    SIX RIVERS LAND CONSERVANCY
    4480 ORION ROAD PO BOX 80902
    ROCHESTER,MI483080902     		  PUBLIC CHARITY SUPPORT FOR ANCHOR BAY PRESERVE ADDITION AND CAPACITY BUILDING 221,000
    LIONS VISUALLY IMPAIRED YOUTH CAMP (LIONS BEAR LAKE CAMP)
    3409 N FIVE LAKES ROAD
    LAPEER,MI48446     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION AND NEW ROOFS ON CAMP BUILDINGS 100,000
    CAN COUNCIL - GREAT LAKES BAY REGION
    715 N EUCLID
    BAY CITY,MI48706     		  PUBLIC CHARITY SUPPORT FOR THE OPERATIONS OF THE BAY REGION'S CHILDREN'S ADVOCACY CENTER 75,000
    THE YUNION
    111 E KIRBY STREET
    DETROIT,MI48202     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF BUILDING FOR THERAPEUTIC SERVICES 30,000
    THREE RIVERS HEALTH FOUNDATION
    701 S HEALTH PARKWAY
    THREE RIVERS,MI49093     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF AUDIOLOGY EQUIPMENT FOR NEWBORN HEARING SCREENING 21,888
    DUCKS UNLIMITED INC
    ONE WATERFOWL WAY
    MEMPHIS,TN381202351     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF FARMLAND FOR RESTORATION OF WETLANDS 100,000
    COMMUNITY FOUNDATION OF GREATER FLINT
    500 SOUTH SAGINAW STREET SUITE 200
    FLINT,MI48502     		  PUBLIC CHARITY SUPPORT FOR EQUIPMENT AND RENOVATIONS AT EDUCARE FLINT AND CUMMINGS GREAT EXPECTATIONS EARLY CHILDHOOD EDUCATION FACILITY 110,650
    WASHTENAW INTERMEDIATE SCHOOL DISTRICT
    1819 S WAGNER ROAD PO BOX 1406
    ANN ARBOR,MI481061406     		  PUBLIC CHARITY SUPPORT OF THE PURCHASE OF AUDIOLOGY AND VISION SCREENING EQUIPMENT 63,917
    OTSEGO MEMORIAL HOSPITAL FOUNDATION (NOW MUNSON HEALTHCARE FOUNDATION)
    825 N CENTER AVE
    GAYLORD,MI49735     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF OPERATING ROOMS 50,000
    CHILD & FAMILY SERVICES OF NORTHWESTERN MICHIGAN
    3785 VETERANS DRIVE
    TRAVERSE CITY,MI49684     		  PUBLIC CHARITY SUPPORT FOR THE CHILDREN'S TRAUMA ASSESSMENT AND TREATMENT CENTER 20,000
    STARFISH FAMILY SERVICES
    30000 HIVELEY ROAD
    INKSTER,MI481411089     		  PUBLIC CHARITY SUPPORT FOR THE SAFETY AND SECURITY INITIATIVE 100,000
    KENT INTERMEDIATE SCHOOL DISTRICT
    2930 KNAPP NE
    GRAND RAPIDS,MI49525     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF AUDIOLOGY EQUIPMENT 76,700
    OPERATION REFUGE
    27717 CARLYSLE
    INKSTER,MI48141     		  PUBLIC CHARITY SUPPORT FOR EMERGENCY REPAIRS TO FOOD PANTRY BUILDING 15,000
    RONALD MCDONALD HOUSE OF DETROIT
    4707 ST ANTOINE STREET SUITE 200
    DETROIT,MI48201     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF THE HOUSE FAMILY ROOM AT CHILDREN'S HOSPITAL OF DMC 150,000
    FURNITURE BANK OF SOUTHEASTERN MICHIGAN
    333 NORTH PERRY
    PONTIAC,MI48342     		  PUBLIC CHARITY SUPPORT FOR THE REPLACEMENT OF WAREHOUSE ROOF 41,200
    VARIETY THE CHILDREN'S CHARITY
    600 SOUTH ADAMS ROAD SUITE 230
    BIRMINGHAM,MI48009     		  PUBLIC CHARITY SUPPORT FOR THE MYOELECTRIC CENTER AT BEAUMONT CHILDREN'S HOSPITAL - ROYAL OAK 25,000
    BRONSON HEALTH FOUNDATION
    301 JOHN STREET BOX C
    KALAMAZOO,MI490075295     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF A RETINOPATHY CAMERA FOR PEDIATRICS 91,350
    IOSCO REGIONAL DEUCATIONAL SERVICE AGENDY
    27 NORTH REMPERT ROAD
    TAWAS CITY,MI48763     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF AUDIOLOGY AND VISION SCREENING EQUIPMENT 12,461
    UNIVERSITY PREPATORY SCHOOL
    610 ANTOINETTE STREET
    DETROIT,MI48202     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF SPACE FOR HEALTH CLINIC AT UNIV. PREP. ACADEMY MIDDLE SCHOOL 50,000
    CROSSROADS OF MICHIGAN
    2424 WEST GRAND BLVD
    DETROIT,MI48208     		  PUBLIC CHARITY SUPPORT FOR THE PARENTING SUPPORT PROGRAM 25,000
    JUDSON CENTER INC
    4410 W 13 MILE ROAD
    ROYAL OAK,MI48073     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF SPACE FOR HEALTH CLINIC IN WARREN, MI 118,561
    CHIKAMING OPEN LANDS
    12291 RED ARROW HIGHWAY
    SAWYER,MI49125     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF PARCEL FOR A NATURE PRESERVE IN BARRIEN COUNTY 100,000
    INLAND SEAS EDUCATION ASSOCIATION
    PO BOX 218 100 DAME STREET
    SUTTONS BAY,MI49682     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF SPACE FOR STUDENTS AT KELLY BIOLOGICAL STATION 40,000
    NEW DAY FOUNDATION FOR FAMILIES
    414 MAIN SUITE 205
    ROCHESTER,MI48307     		  PUBLIC CHARITY SUPPORT FOR THE FINANCIAL TREATMENT INITIATIVE FOR FAMILIES DEALING WITH CANCER 100,000
    GOGEBIC-ONTONAGON INTERMEDIATE SCHOOL DISTRICT
    PO BOX 20 200 S ELM STREET
    EWEN,MI49925     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF AUDIOLOGY SCREENING EQUIPMENT 8,542
    AUTISM ALLIANCE OF MICHIGAN
    30100 TELEGRAPH ROAD SUITE 250
    BINGHAM FARMS,MI48025     		  PUBLIC CHARITY SUPPORT FOR THE TRAINING ADVOCATES AND CAREGIVERS ACROSS THE LIFESPAN OF DISABLITY PROGRAM 75,000
    HOSPICE OF MICHIGAN
    43097 WOODWARD AVE SUITE 102
    BLOOMFIELD HILLS,MI48304     		  PUBLIC CHARITY SUPPORT FOR THE EXPANSION OF THE PEDIATRIC HOSPICE PROGRAM 75,000
    HOPE NETWORK FOUNDATION
    3075 ORCHARD VISTA DRIVE SE
    GRAND RAPIDS,MI49518     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF ACCESSIBLE VAN FOR CENTER FOR AUTISM PROGRAMS 137,053
    WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE
    5475 WOODWARD AVE
    DETROIT,MI48202     		  PUBLIC CHARITY SUPPORT FOR THE MAKE YOUR DATE PROGRAM TO REDUCE INFANT MORTALITY 51,285
    SOUTHEAST MICHIGAN LAND CONSERVANCY
    8383 VREELAND ROAD
    SUPERIOR TWP,MI48198     		  PUBLIC CHARITY SUPPORT FOR ACCREDITATION PREPARATION 25,000
    EXALTA HEALTH
    2060 DIVISION AVE S
    GRAND RAPIDS,MI49507     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION AND EXPANSION OF DENTAL CLINIC TO INCLUDE PEDIATRIC PATIENTS 200,600
    MICHIGAN STATE UNIVERSITY
    252 STUDENT SERVICES
    EAST LANSING,MI48824     		  PUBLIC UNIVERSITY SUPPORT ANNUAL MERIT & FINANCIAL NEEDS FOR CARLS SCHOLARSHIP STUDENTS 30,043
    MICHIGAN TECHNOLOGICAL UNIVERSITY
    1400 TOWNSEND DRIVE
    HOUGHTON,MI49931     		  PUBLIC UNIVERSITY SUPPORT ANNUAL MERIT & FINANCIAL NEEDS FOR CARLS SCHOLARSHIP STUDENTS 5,000
    UNIVERSITY OF MICHIGAN
    3011 STUDENT ACTIVITIES
    ANN ARBOR,MI48109     		  PUBLIC UNIVERSITY SUPPORT ANNUAL MERIT & FINANCIAL NEEDS FOR CARLS SCHOLARSHIP STUDENTS 32,647
    COUNCIL OF MICHIGAN FOUNDATIONS
    ONE SOUTH HARBOR DRIVE SUITE 8
    GRAND HAVEN,MI49417     		  PUBLIC CHARITY SUPPORT FOR OPERATIONS 11,200
    ST JOSEPH MERCY OAKLAND
    44405 WOODWARD AVENUE
    PONTIAC,MI483419925     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION AND CONSTRUCTION OF THE PEDIATRIC UNIT. 500,000
    BEAUMONT HEALTH FOUNDATION (FORMERLY OAKWOOD FOUNDATION)
    3711 WEST 13 MILE ROAD
    ROYAL OAK,MI48073     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF THE NICU AT BEAUMONT - DEARBORN 500,000
    HURON PINES
    4241 OLD US 27 SOUTH SUITE 2
    GAYLORD,MI49735     		  PUBLIC CHARITY SUPPORT FOR CAPACITY BUILDING AND FOR LAND PROJECTS. 40,000
    CENTRAL MICHIGAN UNIVERSITY
    CARLIN ALUMNI HOUSE
    MT PLEASANT,MI48859     		  PUBLIC CHARITY SUPPORT FOR THE COCHLEAR IMPLANT PROGRAM EXPANSION 250,000
    THE NATURE CONSERVANCY
    101 EAST GRAND RIVER
    LANSING,MI48906     		  PUBLIC CHARITY SUPPORT OF THE PURCHASE OF MICHIGAMME HIGHLANDS PROPERTY FOR PRESERVATION 500,000
    GRAND TRAVERSE REGIONAL LAND CONSERVANCY
    3860 N LONG LAKE ROAD STE D
    TRAVERSE CITY,MI496849601     		  PUBLIC CHARITY SUPPORT FOR THE LOVE THE LAND CAMPAIGN TO PRESERVE NATURAL AND FARMLANDS 600,000
    LEELANAU CONSERVANCY
    PO BOX 1007 105 NORTH FIRST STREET
    LELAND,MI49654     		  PUBLIC CHARITY SUPPORT FOR FARMLAND PRESERVATION 250,000
    KEWEENAW LAND TRUST
    801 NORTH LINCOLN DRIVE STE 306
    HANCOCK,MI49930     		  PUBLIC CHARITY SUPPORT FOR THE REMOVAL OF FENCE AROUND A PRESERVE ON THE ABBAYE PENINSULA. 25,000
    MID-MICHIGAN LAND CONSERVANCY
    PO BOX 154
    OKEMOS,MI488050154     		  PUBLIC CHARITY SUPPORT FOR ORGANIZATIONAL CAPACITY BUILDING 20,000
    Total .................................bullet 3a 5,806,258
    bApproved for future payment
    BEAUMONT HEALTH FOUNDATION (FORMERLY OAKWOOD FOUNDATION)
    3711 WEST 13 MILE ROAD
    ROYAL OAK,MI48073     		  PUBLIC CHARITY SUPPORT FOR THE RENOVATION OF THE NICU AT BEAUMONT - DEARBORN 250,000
    THE NATURE CONSERVANCY
    101 EAST GRAND RIVER
    LANSING,MI48906     		  PUBLIC CHARITY SUPPORT OF THE PURCHASE OF MICHIGAMME HIGHLANDS PROPERTY FOR PRESERVATION 1,500,000
    THE NATURE CONSERVANCY
    101 EAST GRAND RIVER
    LANSING,MI48906     		  PUBLIC CHARITY SUPPORT OF THE PURCHASE OF NORTHPOINT PROPERTY FOR PRESERVATION NEAR ALPENA, MI 1,500,000
    MUNSON HEALTHCARE FOUNDATION
    1150 MEDICAL CAMPUS DRIVE
    TRAVERSE CITY,MI496847800     		  PUBLIC CHARITY SUPPORT FOR THE NICU CAPITAL CAMPAIGN 3,000,000
    GRAND TRAVERSE REGIONAL LAND CONSERVANCY
    3860 N LONG LAKE ROAD STE D
    TRAVERSE CITY,MI496847204     		  PUBLIC CHARITY SUPPORT FOR THE LOVE THE LAND CAMPAIGN TO PRESERVE NATURAL AND FARMLANDS 2,400,000
    CHILD & FAMILY SERVICES OF NORTHEAST MICHIGAN
    1044 US HWY 23 NORTH
    ALPENA,MI49707     		  PUBLIC CHARITY SUPPORT FOR THE HEALTHY START/HEALTHY FAMILIES AMERICA PROGRAM IN ALPENA, MI 100,000
    SIX RIVERS LAND CONSERVANCY
    4480 ORION ROAD PO BOX 80902 2ND
    FLOOR
    ROCHESTER,MI483080902     		  PUBLIC CHARITY SUPPORT FOR CAPACITY BUILDING TROUGH INCREASED STEWARDSHIP STAFF 120,000
    LEGACY LAND CONSERVANCY
    6276 JACKSON ROAD STE G
    ANN ARBOR,MI48103     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF DEVELOPMENT EASEMENTS ON FOUR PARCELS IN WASTENAW AND JACKSON COUNTIES, MI 487,000
    LITTLE TRAVERSE CONSERVANCY
    3264 POWELL ROAD
    HARBOR SPRINGS,MI497409469     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF THE ELLINGER ROAD PROPERTY 100,000
    SOUTHWEST MICHIGAN LAND CONSERVANCY
    8395 EAST MAIN STREET
    GALESBURG,MI490539745     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE OF LAKE MICHIGAN SHORELINE PROPERTY FOR CHERRY BEACH TWP PARK 250,000
    ACRES LAND TRUST INC
    PO BOX 665
    HUNTERTOWN,IN467480665     		  PUBLIC CHARITY SUPPORT FOR THE PURCHASE AND PROTECTION OF PARCEL IN HILLSDALE COUNTY, MI 50,000
    Total .................................bullet 3b 9,757,000
    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 3,040,987  
    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 3,164,446  
    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 6,205,433 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,205,433
    (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:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT AND TAX PREPARATION FEES 26,250 8,750   17,500

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VARIOUS COROPRATE BONDS 5,516,839 5,376,367

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Name of Stock End of Year Book Value End of Year Fair Market Value
    VARIOUS CORPORATE STOCKS 73,494,433 80,586,597

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    US Government Securities - End of Year Book Value:

    23,652,201
    US Government Securities - End of Year Fair Market Value:

    23,850,947
    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:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VARIOUS ALTERNATIVE INVESTMENTS AT COST 4,792,030 4,558,358

    TY 2018 LandEtcSchedule2
    Name:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 40,318 31,792 8,526 8,526
    COMPUTER SOFTWARE 3,044 3,044 0  
    FURNITURE AND FIXTURES 24,046 24,046 0  
    OFFICE EQUIPMENT 16,661 16,661 0  


    TY 2018 OtherExpensesSchedule
    Name:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 666 0   666
    TELEPHONE EXPENSE 2,471 0   2,471
    EQUIPMENT RENTAL 2,258 0   2,258
    BUSINESS INSURANCE 11,548 0   11,548
    BANK SERVICE FEES 60 60   0
    PAYROLL SERVICE FEES 7,294 0   7,294
    COMPUTER CONSULTING 10,055 0   10,055
    OTHER EXPENSE 130 0   130
    INTERNET EXPENSE 2,238 0   2,238
    POSTAGE 250 0   250
    CONTRACT SERVICES 10 0   10


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 523,028 523,028   0


    TY 2018 TaxesSchedule
    Name:
    THE CARLS FOUNDATION
    EIN:
    38-6099935
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 17,144 0   17,144
    EXCISE TAXES 10,000 0   0