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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 10-01-2017 , and ending 09-30-2018
Name of foundation
WILLIAM L & VICTORINE Q ADAMS FOUNDATION
INC
Number and street (or P.O. box number if mail is not delivered to street address)1040 PARK AVENUE SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21201
A Employer identification number

52-1369556
B Telephone number (see instructions)

(410) 462-6644
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,024,346J 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) 20,765
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 60,494 60,457  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 201,463
b Gross sales price for all assets on line 6a 1,349,992
7 Capital gain net income (from Part IV, line 2)... 201,463
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 250 250  
12 Total. Add lines 1 through 11........ 282,972 262,170  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 70,000 35,000   35,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,447 945   8,411
c Other professional fees (attach schedule).... Click to see attachment 5,678 5,678   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,774 3,008   2,677
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 108,773 12,442   96,269
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 202,672 57,073   142,357
25 Contributions, gifts, grants paid....... 361,631 361,631
26 Total expenses and disbursements. Add lines 24 and 25 564,303 57,073   503,988
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -281,331
b Net investment income (if negative, enter -0-) 205,097
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 64,142 13,361 13,361
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,517,881 Click to see attachment2,287,331 3,010,985
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) 2,582,023 2,300,692 3,024,346
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 FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 2,582,023 2,300,692
29 Total net assets or fund balances (see instructions)..... 2,582,023 2,300,692
30 Total liabilities and net assets/fund balances (see instructions). 2,582,023 2,300,692
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,582,023
2
Enter amount from Part I, line 27a .....................
2
-281,331
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,300,692
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 29 .
6
2,300,692
Form 990-PF (2019)
Form 990-PF (2019)
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 JP MORGAN US TREASURY PLUS MONEY MARKET FUND P 2016-11-03 2017-10-17
b BROWN ADVISORY FDS ADVISORY VALUE EQ FD P 2010-03-22 2017-11-10
c JP MORGAN US TREASURY PLUS MONEY MARKET FUND P 2016-12-01 2017-11-10
d JP MORGAN US TREASURY PLUS MONEY MARKET FUND P 2016-11-03 2017-11-10
e AMCAP FUND INC CLASS F2 P 2017-12-19 2018-07-31
AMCAP FUND INC CLASS F2 P 2017-12-19 2018-07-31
AMCAP FUND INC CLASS F2 P 2018-06-18 2018-07-31
AMERICAN MUT FUND INC CLASS F2 P 2017-09-18 2018-07-31
AMERICAN MUT FUND INC CLASS F2 P 2017-12-19 2018-07-31
AMERICAN MUT FUND INC CLASS F2 P 2017-12-19 2018-07-31
AMERICAN MUT FUND INC CLASS F2 P 2018-03-19 2018-07-31
AMERICAN MUT FUND INC CLASS F2 P 2018-06-18 2018-07-31
DOUBLELINE FDS TR EMERGING MKTS INCOME FD P 2017-12-07 2018-07-31
DOUBLELINE FDS TR EMERGING MKTS INCOME FD P 2017-12-07 2018-07-31
BROWN ADVISORY MACQUARIE ASIA NEW STARS P 2017-12-29 2018-07-25
BROWN ADVISORY FDS SOMERSET EMERGING MKTS FD P 2017-12-29 2018-07-31
BROWN ADVISORY FDS SUSTAINABLE GROWTH FD P 2017-12-21 2018-07-31
AMERICAN FUNDS EUROPACIFIC GROWTH FUND P 2017-12-22 2018-07-31
AMERICAN FUNDS EUROPACIFIC GROWTH FUND P 2018-06-14 2018-07-31
AMCAP FUND INC CLASS F2 P 2016-11-01 2018-07-31
AMERICAN MUT FUND INC CLASS F2 P 2016-11-01 2018-07-31
DOUBLELINE FDS TR EMERGING MKTS INCOME FD P 2012-01-27 2018-07-31
BROWN ADVISORY FDS ADVISORY INTERMEDIATE INCOME FD INV SHS P 2010-03-22 2018-07-31
BROWN ADVISORY FDS ADVISORY SMALL CAP GRWTH FS INSTL SHS P 2010-03-22 2018-07-31
BROWN ADVISORY MACQUARIE ASIA NEW STARS P 2015-02-25 2018-07-25
BROWN ADVISORY FDS ADVISORY SMALL CAP FUNDAMENTAL VLE FD INSTL P 2010-03-22 2018-07-31
BROWN ADVISORY FDS SOMERSET EMERGING MKTS FD P 2015-02-25 2018-07-31
BROWN ADVISORY FDS SUSTAINABLE GROWTH FD P 2016-11-01 2018-07-31
AMERICAN FUNDS EUROPACIFIC GROWTH FUND P 2010-06-01 2018-07-31
VAN ECK FDS GLOBAL HARD ASSETS FD P 2010-03-22 2018-07-31
TRP REAL ESTATE P   2017-10-23
TRP REAL ESTATE P   2017-12-18
TRP EMERGING MARKETS BOND P   2017-12-14
TRP AFRICA & MIDDLE EAST P   2017-10-23
TRP EMERGING MARKETS BOND P   2017-12-14
TRP EMERGING MARKETS STOCK P   2017-12-14
TRP GROWTH STOCK P   2017-12-14
TRP LATIN AMERICA P   2017-12-18
TRP NEW ERA P   2017-10-23
TRP REAL ASSETS P   2018-05-11
TRP REAL ASSETS P   2018-05-11
TRP REAL ASSETS P   2018-09-25
TRP REAL ESTATE P   2018-04-05
TRP REAL ESTATE P   2018-05-11
TRP REAL ASSETS P   2018-05-11
TRP REAL ASSETS P   2018-05-11
TRP REAL ASSETS P   2018-05-11
TRP REAL ASSETS P   2018-05-11
TRP REAL ESTATE P   2018-01-23
TRP REAL ESTATE P   2018-03-19
TRP REAL ESTATE P   2018-04-05
TRP AFRICA & MIDDLE EAST P   2018-08-20
TRP AFRICA & MIDDLE EAST P   2018-09-14
TRP AFRICA & MIDDLE EAST P   2018-09-25
TRP HIGH YIELD P   2018-05-21
TRP HIGH YIELD P   2018-06-11
TRP HIGH YIELD P   2018-09-14
TRP LATIN AMERICA P   2018-08-20
TRP LATIN AMERICA P   2018-09-14
TRP LATIN AMERICA P   2018-09-25
TRP NEW ERA P   2018-08-20
TRP NEW ERA P   2018-09-14
TRP AFRICA & MIDDLE EAST P   2018-06-11
TRP AFRICA & MIDDLE EAST P   2018-08-20
TRP EMERGING MARKETS STOCK P   2018-06-20
TRP EMERGING MARKETS STOCK P   2018-09-14
TRP EMERGING MARKETS STOCK P   2018-09-25
TRP GLOBAL TECHNOLOGY P   2018-04-05
TRP GLOBAL TECHNOLOGY P   2018-09-14
TRP GROWTH STOCK P   2018-04-05
TRP HIGH YIELD P   2018-05-21
TRP LATIN AMERICA P   2018-05-21
TRP LATIN AMERICA P   2018-06-11
TRP LATIN AMERICA P   2018-06-20
TRP LATIN AMERICA P   2018-08-20
TRP NEW ERA P   2018-06-20
TRP NEW ERA P   2018-08-20
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 335   335 0
b 3,000   3,136 -136
c 297   297 0
d 39,599   39,599 0
e 2,843   2,642 201
446   414 32
2,064   2,070 -6
379   362 17
3,024   2,939 85
475   461 14
394   383 11
402   392 10
223   231 -8
8   9 -1
68   73 -5
218   237 -19
1,457   1,290 167
1,260   1,285 -25
1,785   1,817 -32
79,449   62,296 17,153
73,404   62,794 10,610
26,962   27,335 -373
30,430   32,565 -2,135
21,000   12,240 8,760
21,572   22,545 -973
15,300   6,828 8,472
22,473   22,122 351
86,563   60,426 26,137
59,944   37,813 22,131
22,942   26,265 -3,323
20,000   10,235 9,765
30,000   15,068 14,932
16,977   17,617 -640
15,000   15,621 -621
13,023   13,191 -168
30,000   23,689 6,311
30,000   13,618 16,382
15,000   29,748 -14,748
15,000   19,796 -4,796
19,217   18,994 223
20,000   19,768 232
5,000   5,027 -27
17,113   15,810 1,303
10,000   8,926 1,074
20,000   20,148 -148
20,000   20,148 -148
20,000   20,148 -148
783   789 -6
35,000   18,269 16,731
25,000   13,704 11,296
2,887   1,591 1,296
7,875   6,880 995
5,000   4,519 481
5,000   4,393 607
6,916   7,227 -311
5,000   5,240 -240
5,000   5,243 -243
33,527   39,397 -5,870
5,000   6,126 -1,126
5,000   5,959 -959
31,156   30,886 270
5,000   4,930 70
10,000   9,456 544
27,125   27,558 -433
20,000   16,060 3,940
10,000   8,660 1,340
35,000   30,015 4,985
20,000   8,303 11,697
5,000   2,131 2,869
20,000   8,681 11,319
5,584   5,614 -30
12,500   26,516 -14,016
10,000   22,383 -12,383
20,000   45,511 -25,511
6,473   14,563 -8,090
20,000   25,348 -5,348
18,844   23,824 -4,980
96,676     96,676
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       0
b       -136
c       0
d       0
e       201
      32
      -6
      17
      85
      14
      11
      10
      -8
      -1
      -5
      -19
      167
      -25
      -32
      17,153
      10,610
      -373
      -2,135
      8,760
      -973
      8,472
      351
      26,137
      22,131
      -3,323
      9,765
      14,932
      -640
      -621
      -168
      6,311
      16,382
      -14,748
      -4,796
      223
      232
      -27
      1,303
      1,074
      -148
      -148
      -148
      -6
      16,731
      11,296
      1,296
      995
      481
      607
      -311
      -240
      -243
      -5,870
      -1,126
      -959
      270
      70
      544
      -433
      3,940
      1,340
      4,985
      11,697
      2,869
      11,319
      -30
      -14,016
      -12,383
      -25,511
      -8,090
      -5,348
      -4,980
      96,676
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 2 201,463
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))
2018 442,457 2,875,034 0.153896
2017 354,770 2,706,334 0.131089
2016 454,680 3,000,564 0.151532
2015 514,958 3,115,108 0.165310
2014 404,105 2,914,054 0.138675
2
Total of line 1, column (d) .....................
2
0.740502
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
0.148100
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
2,899,664
5
Multiply line 4 by line 3......................
5
429,440
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,051
7
Add lines 5 and 6........................
7
431,491
8
Enter qualifying distributions from Part XII, line 4,.............
8
503,988
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 (2019)
Form 990-PF (2019)
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 2,051
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 2,051
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 2,051
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 1,600
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 1,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 24
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 475
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 2020 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)
    bulletMD
    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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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 ofbulletTHE FOUNDATION Telephone no.bullet (410) 783-3202

    Located atbullet1040 PARK AVENUEBALTIMOREMD ZIP+4bullet21201
    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 2019, 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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    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
    THEO C RODGERS PRES/TR/TTEE
    10.00     		70,000 0 0
    1040 PARK AVENUE
    BALTIMORE,MD21201
    MARJORIE J RODGERS CHESHIRE VP/SECY/TTEE
    1.00     		0 0 0
    1040 PARK AVENUE
    BALTIMORE,MD21201
    CALLIE JOHNSON ASST SECY/TTEE
    1.00     		0 0 0
    1040 PARK AVENUE
    BALTIMORE,MD21201
    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 (2019)
    Form 990-PF (2019)
    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 SCHOLARSHIP AND STIPEND PROGRAM - SEE STATEMENT - ANY INDIVIDUAL RECIPIENT OF A SCHOLARSHIP OR STIPEND IS NOT RELATED TO A FOUNDATION MANAGER OR TO A SUBSTANTIAL CONTRIBUTOR. 7,313
    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 (2019)
    Form 990-PF (2019)
    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
    2,876,511
    b
    Average of monthly cash balances.......................
    1b
    67,310
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,943,821
    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
    2,943,821
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    44,157
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,899,664
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    144,983
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    144,983
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    2,051
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,051
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    142,932
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    142,932
    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
    142,932
    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
    503,988
    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
    503,988
    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
    2,051
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    501,937
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 142,932
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 259,576
    b From 2015...... 351,679
    c From 2016...... 308,204
    d From 2017...... 223,430
    e From 2018...... 301,597
    fTotal of lines 3a through e........ 1,444,486
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 503,988
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 142,932
    e Remaining amount distributed out of corpus 361,056
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,805,542
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		259,576
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		1,545,966
    10 Analysis of line 9:
    a Excess from 2015.... 351,679
    b Excess from 2016.... 308,204
    c Excess from 2017.... 223,430
    d Excess from 2018.... 301,597
    e Excess from 2019.... 361,056
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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:
    CALLIE JOHNSON ADAMS FOUNDATION
    1040 PARK AVENUE
    BALTIMORE,MD21201
    (410) 783-3203
    bThe form in which applications should be submitted and information and materials they should include:
    THERE IS NO FORMAL APPLICATION FOR CONTRIBUTIONS. CHARITABLE ORGANIZATIONS SEND A REQUEST LETTER TO THE FOUNDATION FOR THEIR CONSIDERATION. THE FOUNDATION IS NO LONGER ACCEPTING APPLICATIONS FOR THE ADAMS FUTURE BUSINESS LEADERSHIP SCHOLARSHIP PROGRAM, BUT IS STILL HONORING PREVIOUS AWARDS.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    ALZHEIMER'S ASSOCIATION - GREATER MARYLAND CHAPTER
    PO BOX 96011
    WASHINGTON,DC20090     		  PC CONTRIBUTION 10,000
    AMERICAN CANCER SOCIETY
    1393 PROGRESS WAY
    ELDERSBURG,MD21784     		  PC CONTRIBUTION 7,500
    ARTS EVERY DAY
    120 W NORTH AVE SUITE 303
    BALTIMORE,MD21201     		  PC CONTRIBUTION 10,000
    BALTIMORE CENTER STAGE
    700 NORTH CALVERT STREET
    BALTIMORE,MD21202     		  PC CONTRIBUTION 14,400
    BALTIMORE CITY FOUNDATION INC BALTIMORE COMMONWEALTH
    10 WEST 24TH STREET
    BALTIMORE,MD21218     		  PC CONTRIBUTION 7,000
    BALTIMORE COMMUNITY FOUNDATION
    2 EAST READ STREET 9TH FLOOR
    BALTIMORE,MD21201     		  PC CONTRIBUTION 20,000
    BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST
    808 NORTH CHARLES STREET SUITE 200
    C
    BALTIMORE,MD21201     		  PC CONTRIBUTION 49,250
    BALTIMORE LEADERSHIP SCHOOL FOR YOUNG WOMEN
    128 WEST FRANKLIN STREET
    BALTIMORE,MD21201     		  PC CONTRIBUTION 4,500
    BALTIMORE MUNICIPAL GOLF CORPORATION
    6131 HILLEN ROAD
    BALTIMORE,MD21239     		  PC CONTRIBUTION 1,000
    BALTIMORE SCHOOL OF THE ARTS
    712 CATHEDRAL STREET
    BALTIMORE,MD21201     		  PC CONTRIBUTION 18,000
    CAVES VALLEY GOLF CLUB FOUNDATION
    2910 BLENDON ROAD
    OWINGS MILLS,MD21117     		  PC CONTRIBUTION 15,000
    CRISTO REY CORPORATE INTERNSHIP PROGRAM INC
    420 SOUTH CHESTER STREET
    BALTIMORE,MD21202     		  PC CONTRIBUTION 28,000
    CRISTO REY JESUIT HIGH SCHOOL INC
    420 SOUTH CHESTER STREET
    BALTIMORE,MD21202     		  PC CONTRIBUTION 7,500
    HEALTHY NEIGHBORHOODS INC
    2 READ STREET
    BALTIMORE,MD21202     		  PC CONTRIBUTION 5,000
    HOPE FOR WEST AFRICA FOUNDATION
    329 SOUTH POPPLETON STREET
    BALTIMORE,MD21230     		  PC CONTRIBUTION 1,000
    HOWARD HOSPITAL FOUNDATION INC
    5755 CEDAR LANE
    COLUMBIA,MD21044     		  PC CONTRIBUTION 5,000
    JOHNS HOPKINS BAYVIEW MEDICAL CENTER
    5200 EASTERN AVENUE MRL CENTER TOWN
    SUITE 356
    BALTIMORE,MD21224     		  PC CONTRIBUTION 2,000
    JOHNS HOPKINS UNIVERSITY
    750 E PRATT STREET SUITE 1700
    BALTIMORE,MD21202     		  PC CONTRIBUTION 39,000
    KEYS DEVELOPMENT INC
    904 WASHINGTON BLVD
    BALTIMORE,MD21230     		  PC CONTRIBUTION 10,000
    KENNEDY KRIEGER INSTITUTE
    707 NORTH BROADWAY
    BALTIMORE,MD21205     		  PC CONTRIBUTION 17,500
    KIPP BALTIMORE INC
    4701 GREENSPRING AVENUE
    BALTIMORE,MD21209     		  PC CONTRIBUTION 4,000
    LANGSTON FRAZIER AND UMES
    STUDENT ACCOUNT OFFICE SDC BLDG
    SUITE 1160
    PRINCESS ANNE,MD21853     		NONE I SCHOLARSHIP 2,313
    ROSALIE V JOHNSON AND LOYOLA BLAKEF
    PO BOX 6819
    BALTIMORE,MD21285     		NONE I SCHOLARSHIP 5,000
    MCDONOGH SCHOOL
    8600 MCDONOGH ROAD
    OWINGS MILLS,MD21117     		  PC CONTRIBUTION 13,500
    MENTORING MALE TEENS IN THE HOOD
    PO BOX 6756
    COLUMBIA,MD21045     		  PC CONTRIBUTION 5,000
    MERAKI COMMUNITY UPLIFT
    100 HOLIDAY STREET 400 SUITE
    BALTIMORE,MD21202     		  PC CONTRIBUTION 500
    NATIONAL COUNCIL ON ALCOHOLISM MARYLAND CHAPTER INC
    28 EAST OSTEND STREET SUITE 303
    BALTIMORE,MD21230     		  PC CONTRIBUTION 250
    ONE BALTIMORE
    3503 NORTH CHARLES STREET
    BALTIMORE,MD21218     		  PC CONTRIBUTION 5,000
    ORTUS ACADEMY
    7400 YORK ROAD OFFICE 304
    TOWSON,MD21204     		  PC CONTRIBUTION 3,500
    PARKS & PEOPLE FOUNDATION
    2100 LIBERTY HEIGHTS AVENUE
    BALTIMORE,MD21217     		  PC CONTRIBUTION 6,250
    REGINALD F LEWIS MUSEUM
    830 E PRATT STREET
    BALTIMORE,MD21202     		  PC CONTRIBUTION 2,500
    ROBERTA'S HOUSE CAPITAL CONTRIBUTION
    2510 ST PAUL STREET 101
    BALTIMORE,MD21218     		  PC CONTRIBUTION 12,000
    SJBC FAMILY RESOURCE CENTER
    9055 TAMAR DRIVE
    COLUMBIA,MD21045     		  PC CONTRIBUTION 5,000
    SAVE ANOTHER YOUTH INC
    2858 HARLEM AVENUE
    BALTIMORE,MD21216     		  PC CONTRIBUTION 1,500
    SEED SCHOOL OF MARYLAND
    200 FONT HILL AVENUE
    BALTIMORE,MD21223     		  PC CONTRIBUTION 4,500
    THE LEUKEMIA AND LYMPHOMA SOCIETY
    2201 WARWICK WAY
    MARRIOTSVILLE,MD21104     		  PC CONTRIBUTION 500
    UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 WEST LEXINGTON STREET 2ND FLOOR
    BALTIMORE,MD21201     		  PC CONTRIBUTION TO ESTABLISH A SCHOLARSHIP FUND FOR THE SCHOOL OF DENTISTRY 16,668
    YOUNG AUDIENCES OF MARYLAND INC
    2600 NORTH HOWARD STREET SUITE 1300
    BALTIMORE,MD21218     		  PC CONTRIBUTION 2,000
    Total .................................bullet 3a 361,631
    bApproved for future payment
    HOWARD HOSPITAL FOUNDATION INC
    5755 CEDAR LANE
    COLUMBIA,MD21044     		  PC CONTRIBUTION 25,000
    Total .................................bullet 3b 25,000
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 60,457 37
    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.....     14 250  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 201,463  
    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).. 0 262,170 37
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    262,207
    (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.)
    4 NONDIVIDEND DISTRIBUTIONS
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2019
    Name of the organization
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
    INC
    Employer identification number

    52-1369556
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
    INC         		Employer identification number
    52-1369556
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ESTATE OF WILLIAM L ADAMS
     
    1040 PARK AVENUE SUITE 300
     
    BALTIMORE, MD21201

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
    INC         		Employer identification number

    52-1369556
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
    INC         		Employer identification number

    52-1369556
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 AccountingFeesSchedule
    Name:
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
     
    INC
    EIN:
    52-1369556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 9,447 945   8,411

    TY 2017 InvestmentsOtherSchedule2
    Name:
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
     
    INC
    EIN:
    52-1369556
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BROWN ADVISORY SECURITIES AT COST 591,782 676,389
    T. ROWE PRICE SERVICES AT COST 1,511,912 2,147,811
    MANULIFE FINANCIAL CORPORATION AT COST 31,915 35,063
    CONTINENTAL REALTY FUND IV AT COST 151,722 151,722

    TY 2017 OtherExpensesSchedule
    Name:
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
     
    INC
    EIN:
    52-1369556
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE EXPENSES 34,488 3,846   30,580
    INSURANCE 488 49   439
    DEDUCTIONS FROM PASSTHROUGH ENTITY 1,297 1,297   0
    UTILITES/TELEPHONE/INTERNET 12,500 1,250   11,250
    OFFICE EXPENSE 27,500 2,750   24,750
    COMPUTER/IT 32,500 3,250   29,250


    TY 2017 OtherIncomeSchedule2
    Name:
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
     
    INC
    EIN:
    52-1369556
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CONTINENTAL REALTY FUND IV 250 250 250


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
     
    INC
    EIN:
    52-1369556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 5,678 5,678   0


    TY 2017 TaxesSchedule
    Name:
    WILLIAM L & VICTORINE Q ADAMS FOUNDATION
     
    INC
    EIN:
    52-1369556
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 5,355 2,678   2,677
    FOREIGN TAXES 330 330   0
    FEDERAL EXCISE TAX PAID 3,089 0   0