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
ERNEST C OBERHOLTZER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4370 BROOKSIDE COURT NO 205
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EDINA, MN55436
A Employer identification number

41-6042619
B Telephone number (see instructions)

(952) 401-0591
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$1,002,844J 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) 120,605
2 Check bullet.............
3 Interest on savings and temporary cash investments 213 213 213
4 Dividends and interest from securities... 22,593 22,593 22,593
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,553
b Gross sales price for all assets on line 6a 190,233
7 Capital gain net income (from Part IV, line 2)... 3,553
8 Net short-term capital gain......... 1,560
9 Income modifications...........  
10a Gross sales less returns and allowances 20,227
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 20,227 20,227
11 Other income (attach schedule)....... Click to see attachment 21,012 21,012 21,012
12 Total. Add lines 1 through 11........ 188,203 47,371 65,605
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 43,505 0 0 0
14 Other employee salaries and wages...... 8,950 0 0 8,950
15 Pension plans, employee benefits....... 1,677 0 0 0
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 17,775 3,600 0 14,175
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,658 1,073 0 2,585
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,457 0 6,457
20 Occupancy.............. 8,477 0 0 8,477
21 Travel, conferences, and meetings....... 14,987 0 0 14,987
22 Printing and publications.......... 10,259 0 0 10,259
23 Other expenses (attach schedule)....... Click to see attachment 8,024 0 0 8,024
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 123,769 4,673 6,457 67,457
25 Contributions, gifts, grants paid....... 545 545
26 Total expenses and disbursements. Add lines 24 and 25 124,314 4,673 6,457 68,002
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 63,889
b Net investment income (if negative, enter -0-) 42,698
c Adjusted net income (if negative, enter -0-)... 59,148
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.............   3 3
2 Savings and temporary cash investments......... 34,450 68,757 68,757
3 Accounts receivable bullet15,450
Less: allowance for doubtful accounts bullet     15,450 15,450
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)....... 639,699 Click to see attachment652,976 800,670
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).......... 45,939 Click to see attachment46,754 43,617
14 Land, buildings, and equipment: basis bullet116,046
Less: accumulated depreciation (attach schedule) bullet41,699 74,310 Click to see attachment74,347 74,347
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 794,398 858,287 1,002,844
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.................. 735,808 799,697
25 Temporarily restricted............... 58,590 58,590
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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 794,398 858,287
31 Total liabilities and net assets/fund balances (see instructions). 794,398 858,287
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
794,398
2
Enter amount from Part I, line 27a .....................
2
63,889
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
858,287
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
858,287
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 3452 COUNTY ROAD 21, INTERNATIONAL FALLS, MN P 2018-01-01 2018-09-12
c CAPITAL GAINS DIVIDENDS P    
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 163,357   161,680 1,677
b 26,560   25,000 1,560
c 316     316
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       1,677
b       1,560
c       316
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 3,553
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 1,560
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 58,500 794,837 0.073600
2016 49,375 598,108 0.082552
2015 50,120 526,156 0.095257
2014 49,970 464,502 0.107578
2013 47,286 365,320 0.129437
2
Total of line 1, column (d) .....................
2
0.488424
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
0.097685
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
943,839
5
Multiply line 4 by line 3......................
5
92,199
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
427
7
Add lines 5 and 6........................
7
92,626
8
Enter qualifying distributions from Part XII, line 4,.............
8
68,002
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 1 854
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........................... 3 854
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- ..... 5 854
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 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. 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 10 746
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet746 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)
    bulletMN
    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
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    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.EOBER.ORG
    14
    The books are in care ofbulletBETH E WATERHOUSE Telephone no.bullet (952) 401-0591

    Located atbullet4370 BROOKSIDE COURT 205EDINAMN ZIP+4bullet55436
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PEGGY ANNE SMITH PRESIDENT
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    ROBERT NORBIE VICE PRESIDENT
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    BETH E WATERHOUSE EXECUTIVE DIRECTOR
    35.00     		43,505 0 0
    4370 BROOKSIDE COURT 205
    EDINA,MN55436
    MICHAEL REID TREASURER
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    MARK GRANLUND SECRETARY
    0.25     		0 0 0
    C/O CHAPMAN CUTLER P O BOX 2593
    CHICAGO,IL606902593
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE DIRECT CHARITABLE ACTIVITIES OF THE FOUNDATION ARE AS A WILDERNESS RESEARCH AND LEARNING CENTER WHOSE ACTIVITIES OCCUR BETWEEN MAY THROUGH OCTOBER DUE TO WEATHER. 0
    2 THE CENTER IS USED PRIMARILY AS A RESOURCE FOR ECOLOGICAL EDUCATION, CREATIVE EXPRESSION AND STUDY BY ARTISTS, WRITERS, NATURALISTS, ORGANIZATIONAL LEADERS, RESEARCHERS USING OBERHOLTZER'S EXTENSIVE LIBRARY, AND THOSE LEARNING ABOUT THE OJIBWE LANGUAGE AND CULTURE. 0
    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
    914,519
    b
    Average of monthly cash balances.......................
    1b
    43,693
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    958,212
    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
    958,212
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    14,373
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    943,839
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    47,192
    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
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    68,002
    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
    68,002
    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
    68,002
    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  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
    2012-03-19
    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
    47,192 39,742 29,905 26,308 143,147
    b 85% of line 2a ......... 40,113 33,781 25,419 22,362 121,675
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		68,002 58,500 49,375 50,120 225,997
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		68,002 58,500 49,375 50,120 225,997
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		31,461 26,495 19,937 17,539 95,432
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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:
    BETH WATERHOUSE EXECUTIVE DIRECTOR
    4370 BROOKSIDE COURT 205
    EDINA,MN55436
    (952) 401-0591
    BETH@EOBER.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING, TO THE ABOVE ADDRESS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTED TO EFFORTS TO PRESERVE THE WILDERNESS ECOLOGY OF THE UPPER GREAT LAKES BORDER REGION AND THE CULTURE OF THE ANISHINAABE PEOPLE
    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
    CAMPING AND EDUCATION FOUNDATION
    PO BOX 1072
    INTL FALLS,MN56649     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    FRIENDS OF THE BOUNDARY WATERS WILDERNESS
    401 NORTH THIRD STREET
    MINNEAPOLIS,MN55401     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    MINNESOTA LAND TRUST
    2356 UNIVERSITY AVE W
    ST PAUL,MN55114     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    THE WILDERNESS SOCIETY
    1615 M STREET NW STE 400
    WASHINGTON,DC20036     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    THE WILDERNESS WATCH FOUNDATION
    PO BOX 9175
    MISSOULA,MT59807     		NONE 501(C)(3) GENERAL USE OF CHARITY 100
    TIDES CANADA FOUNDATION
    400 - 163 WEST HASTINGS ST
    VANCOUVER,BRITISH COLUMBIAV6B 1H5
    CA     		NONE   GENERAL USE OF CHARITY 45
    Total .................................bullet 3a 545
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 213  
    4 Dividends and interest from securities....     14 22,593  
    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.....     15 21,012  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,553  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory     12   20,227
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 47,371 20,227
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    67,598
    (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.)
    10 THE SALE OF PHOTOS, CARDS, BOOKS, CDS AND OTHER MATERIAL TO EDUCATE
    10 THE PUBLIC ABOUT ERNEST OBERHOLTZER'S MISSION AND LEGACY ON RAINY
    10 LAKE.
    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
    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
    2018
    Name of the organization
    ERNEST C OBERHOLTZER FOUNDATION
     
    Employer identification number

    41-6042619
    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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    ERNEST C OBERHOLTZER FOUNDATION
          		Employer identification number
    41-6042619
    Part I
    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
    HELEN MUDGE HELLER  
    1960 VALLEGO STREET 8
     
    SAN FRANCISCO, CA94123

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MARY DOERR  
    29555 23RD AVENUE WAY
     
    CANNON FALLS, MN55009

    		$ 12,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    MN LEGACY GRANT
     
    345 KELLOGG BOULEVARD
     
    ST PAUL, MN55102

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    RICH AND CAROL POHL  
    320 FAIRFOREST CIRCLE
     
    DAYTON, OH45419

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    WINTER WHEAT FOUNDATION
     
    16184 HIGHWAY 7
     
    MINNETONKA, MN55345

    		$ 8,500


    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    ERNEST C OBERHOLTZER FOUNDATION
          		Employer identification number

    41-6042619
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 LOT LOCATED AT 3452 COUNTY ROAD 21, INTERNATIONAL FALLS, MN 56649 $ 25,000 2018-01-01
    (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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    ERNEST C OBERHOLTZER FOUNDATION
          		Employer identification number

    41-6042619
    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) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 1982-07-01 16,000     0 % 0 0 0  
    STOVE 1982-07-01 275 275 SL 0 % 0 0 0  
    FREEZER 1982-07-01 300 300 SL 0 % 0 0 0  
    DOCKS 1982-07-01 950 950 SL 0 % 0 0 0  
    CHAINSAW 1982-09-01 345 345 SL 0 % 0 0 0  
    ELECTRIC SYSTEM 1982-11-01 3,853 3,853 SL 0 % 0 0 0  
    KITCHEN BOAT 1982-12-01 2,137 2,137 SL 0 % 0 0 0  
    BEDDING 1983-03-01 2,417 2,417 SL 0 % 0 0 0  
    CHAIRS 1983-08-01 194 194 SL 0 % 0 0 0  
    WINDOW/SCREENS 1983-07-01 928 928 SL 0 % 0 0 0  
    OUTHOUSES 1983-08-01 294 294 SL 0 % 0 0 0  
    GRUMAN CANOES 1983-08-01 220 220 SL 0 % 0 0 0  
    PONTOON BOAT 1984-08-01 4,794 4,794 SL 0 % 0 0 0  
    REFRIDERATOR 1985-07-01 1,099 1,099 SL 0 % 0 0 0  
    FRONT CABIN 1985-07-01 6,940 6,940 SL 0 % 0 0 0  
    BOATHOUSE 1985-07-01 250 250 SL 0 % 0 0 0  
    FRONT CABIN ROOF 1985-10-01 1,035 1,035 SL 0 % 0 0 0  
    LIBRARY ROOF 1985-11-01 1,394 1,394 SL 0 % 0 0 0  
    PUMP/WATER FILTER 1986-07-01 616 616 SL 0 % 0 0 0  
    PIOLON WINDOW 1986-08-01 480 480 SL 0 % 0 0 0  
    ROOF 1990-11-01 3,200 3,200 SL 15.000000000000 0 0 0  
    DOCTS 1991-05-01 3,200 3,200 SL 0 % 0 0 0  
    MATTRESSES 1991-07-01 760 760 SL 0 % 0 0 0  
    OMC OUTBOARD MOTOR 1993-06-01 3,176 3,176 SL 0 % 0 0 0  
    CHIPPER 2004-09-01 2,486 2,486 SL 5.000000000000 0 0 0  
    PONTOON BOAT 2007-03-01 10,995 6,619 SL 18.000000000000 611 0 611  
    ROOF 2007-11-13 9,619 6,517 SL 15.000000000000 641 0 641  
    PORCH 2007-11-13 641 437 SL 15.000000000000 43 0 43  
    FOUNDATION 2007-11-13 2,565 1,301 SL 20.000000000000 128 0 128  
    MATTRESS 2008-05-31 234 234 SL 5.000000000000 0 0 0  
    FREEZER 2008-06-10 585 585 SL 5.000000000000 0 0 0  
    REFRIGERATOR 2009-05-04 554 554 SL 5.000000000000 0 0 0  
    WATER CONDITIONER 2009-07-15 3,395 3,395 SL 5.000000000000 0 0 0  
    ELECTRIC STOVE 2010-03-26 619 619 SL 5.000000000000 0 0 0  
    REFRIGERATOR 2010-05-14 453 453 SL 5.000000000000 0 0 0  
    ROOF 2010-06-10 3,853 1,949 SL 15.000000000000 257 0 257  
    BIG HOUSE ROOF 2010-07-20 2,917 1,439 SL 15.000000000000 194 0 194  
    COOK'S ROOF 2012-06-27 4,225 1,551 SL 15.000000000000 282 0 282  
    BIG HOUSE CHIMNEY 2012-09-12 48,798 13,013 SL 20.000000000000 2,440 0 2,440  
    COMPUTER 2012-10-19 1,901 1,901 SL 5.000000000000 0 0 0  
    COMPUTER 2015-01-20 350 204 SL 5.000000000000 70 0 70  
    BOAT MOTOR 2016-06-25 7,285 2,186 SL 5.000000000000 1,457 0 1,457  
    ROOF (BIRDHOUSE) 2017-10-18 2,304 26 SL 15.000000000000 154 0 154  
    ROOF 2018-07-17 6,494   SL 15.000000000000 180 0 180  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2500 DNP SELECT 27,933 26,000
    500 VERIZON 21,881 28,110
    250 STATE STREET CORP 17,720 15,768
    200 BERKSHIRE HATHAWAY INC 19,484 40,836
    400 JP MORGAN CHASE 19,505 39,048
    500 MICROSOFT CORP 19,663 50,785
    500 PNC FINANCIAL SVCS GRP 12,814 11,560
    500 STATE STREET CORP NON 13,205 11,260
    300 ABBOTT LABS 10,267 21,699
    400 MERCK & CO 21,550 30,564
    150 UNITED TECHNOLOGIES 14,504 15,972
    2481.7250 DEARBORN PARTNERS RISING 27,024 34,918
    100 HONEYWELL INTL INC. 6,531 13,212
    1000 AT&T 34,056 28,540
    200 APPLE 27,998 31,548
    100 BOEING COMPANY 12,901 32,250
    500 FIRST SOLAR INC 28,001 21,228
    400 PFIZER INC 13,376 17,460
    200 ABBVIE INC. 11,817 18,438
    3 BOIGEN IDEC INC 106 903
    400 EXACT SCIENCES CORP 4,746 25,240
    20 ALPHABET INC CL C 16,343 20,712
    15 AMAZON.COM INC 12,185 22,530
    150 HOME DEPOT INC. 19,656 25,773
    200 MEDTRONIC PLC 17,197 18,192
    350 STARBUCKS 20,101 22,540
    300 CDN IMPERIAL BK COMM 27,389 22,351
    200 CATERPILLAR INC. 19,870 25,414
    75 COSTCO WHOLESALE 12,731 15,728
    500 EVOQUA WATER TECHNOLOGIES 11,019 4,800
    400 INTEL CORP 18,225 18,772
    700 PATTERN ENERGY GRP INC CL A 15,423 13,034
    500 UNITED STATES STEEL 19,603 9,120
    10 GARRETT MOTION INCORP. 73 123
    16 RESIDEO TECHNOLOGIES INCORP. 188 329
    150 UNITED PARCEL SERVICE INCORP. 19,080 14,630
    150 XYLEM INCORP. 11,969 10,008
    600 ALABAMA POWER COMPANY 15,534 14,244
    600 BB&T CORP PFD NON-CUM 16,109 14,106
    600 PUBLIC STORAGE DEP SHS PFD 15,199 12,925

    TY 2018 InvestmentsOtherSchedule2
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1042.557 T ROWE PRICE TOTAL EQTY AT COST 22,692 28,951
    1000 SENIOR HOUSING PROPERTIES AT COST 21,031 11,720
    22 ISHARES RUSSELL AT COST 3,031 2,946

    TY 2018 LandEtcSchedule2
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 16,000 0 16,000 16,000
    PONTOON BOAT 10,995 7,230 3,765 3,765
    ROOF 9,619 7,158 2,461 2,461
    PORCH 641 480 161 161
    FOUNDATION 2,565 1,429 1,136 1,136
    ROOF 3,853 2,206 1,647 1,647
    BIG HOUSE ROOF 2,917 1,633 1,284 1,284
    COOK'S ROOF 4,225 1,833 2,392 2,392
    BIG HOUSE CHIMNEY 48,798 15,453 33,345 33,345
    COMPUTER 350 274 76 76
    BOAT MOTOR 7,285 3,643 3,642 3,642
    ROOF (BIRDHOUSE) 2,304 180 2,124 2,124
    ROOF 6,494 180 6,314 6,314


    TY 2018 OtherExpensesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 4,164 0 0 4,164
    REPAIR AND MAINTENANCE 3,094 0 0 3,094
    MISCELLANEOUS 766 0 0 766


    TY 2018 OtherIncomeSchedule2
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTIES 21,012 21,012 21,012


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROYALTY MANAGERS COMMISSIONS 3,600 3,600 0 0
    WEB MASTER 2,010 0 0 2,010
    ARCHIVIST 12,165 0 0 12,165


    TY 2018 SubstantialContributorsSch
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Name Address
    MARY DOERR 29555 23RD AVENUE WAY
    CANNON FALLS,MN55009
    HELEN MUDGE HELLER 1960 VALLEGO ST 8
    SAN FRANCISCO,CA94123
    RICH AND CAROL POHL 320 FAIRFOREST CIRCLE
    DAYTON,OH45419
    WINTER WHEAT FOUNDATION
          		16184 HIGHWAY 7
    MINNETONKA,MN55345
    MN LEGACY GRANT
          		345 KELLOGG BLVD
    ST PAUL,MN55102


    TY 2018 TaxesSchedule
    Name:
    ERNEST C OBERHOLTZER FOUNDATION
    EIN:
    41-6042619
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAX /OIL PROPERTY 934 934 0 0
    EXCISE TAXES 2,585 0 0 2,585
    FOREIGN TAXES 139 139 0 0