TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 06-01-2018 , and ending 05-31-2019

Name of foundation
ADDISON E AND JOHANNA C MCMECHAN SCHOLARSHIP

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

43-6399464

B Telephone number (see instructions)

(314) 418-2643

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,949,774J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	73,563		73,107
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		177,812
b	Gross sales price for all assets on line 6a 5,152,998
7	Capital gain net income (from Part IV, line 2)...			177,812
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	251,375		250,919
13	Compensation of officers, directors, trustees, etc.	39,521		35,569		3,952
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		1,222	0	0	1,222
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		4,863	896		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		62	62
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	45,668		36,527	0	5,174
25	Contributions, gifts, grants paid.......	145,306				145,306
26	Total expenses and disbursements. Add lines 24 and 25	190,974		36,527	0	150,480
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	60,401
b	Net investment income (if negative, enter -0-)			214,392
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	51,381	4,665	4,665
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	2,043,045	803,270	823,474
	c	Investments—corporate bonds (attach schedule).......	752,209	2,215,318	2,096,635
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	24,500	24,500	25,000
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,871,135	3,047,753	2,949,774
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	2,871,135	3,047,753
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	2,871,135	3,047,753
	31	Total liabilities and net assets/fund balances (see instructions).	2,871,135	3,047,753

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,871,135

Enter amount from Part I, line 27a .....................

60,401

Other increases not included in line 2 (itemize) bullet

117,186

Add lines 1, 2, and 3 ..........................

3,048,722

Decreases not included in line 2 (itemize) bullet

969

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

3,047,753

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	76. ABB LTD A D R		2016-06-01	2018-06-20
b	62. ABB LTD A D R		2018-04-24	2018-06-20
c	188. AIA GROUP LTD ADR		2017-05-08	2018-06-20
d	354. ATT INC			2018-06-20
e	142. ABBVIE INC			2018-06-20
	54. ADIDAS AG A D R			2018-06-20
	874. AEGON N V NY REG SHR			2018-06-20
	7959.935 INV BALANCE RISK COMM STR Y			2018-06-20
	7. ALPHABET INC CL A		2017-01-23	2018-06-20
	35. AMERICAN CAMPUS COMMUNITIES		2017-01-18	2018-06-20
	72. APPLE COMPUTER INC COM		2016-02-03	2018-06-20
	43. ARCELORMITTAL CLASS A N Y REGISTRY		2018-04-24	2018-06-20
	283. ASTELLAS PHARMA INC A D R			2018-06-20
	16. AUTOHOME INC		2018-05-09	2018-06-20
	51. AVERY DENNISON CORP		2017-05-08	2018-06-20
	138. AVIANCA HOLDINGS A D R			2018-06-20
	200. BP PLC SPONSORED ADR		2018-04-24	2018-06-20
	329. BANK OF AMERICA CORP		2017-01-18	2018-06-20
	77. BARNES GROUP INC			2018-06-20
	72. BAYER A G-SPONS ADR		2016-05-26	2018-06-20
	31. BURLINGTON STORES INC		2018-04-24	2018-06-20
	47. CNOOC LTD A D R		2018-04-24	2018-06-20
	265. CVS CORP COM			2018-06-20
	65. CAMBREX CORP COM			2018-06-20
	775. CANON INC ADR REPSTG 5 SHS			2018-06-20
	53. CARTERS INC		2017-01-18	2018-06-20
	41. CHARLES RIV LABORATORIES INTL INC		2018-04-24	2018-06-20
	16. CHINA PETROLEUM CHEM A D R		2018-04-24	2018-06-20
	105. CHURCH & DWIGHT INC COM			2018-06-20
	31. CINTAS CORP COM			2018-06-20
	32. COGNEX CORP		2018-05-09	2018-06-20
	72. COGNEX CORP		2016-01-15	2018-06-20
	409. COMCAST CORP CL A		2018-04-24	2018-06-20
	17. COOPER COS INC COM NEW		2016-01-15	2018-06-20
	53. COPART INC COM		2018-04-24	2018-06-20
	109. CRITEO SA SPON A D R		2018-04-24	2018-06-20
	25. DBS GROUP HLDGS LTD		2018-04-24	2018-06-20
	524. DANONE SPONS A D R			2018-06-20
	115. DELTA AIR LINES INC		2017-01-18	2018-06-20
	78. ECOLAB INC COM		2018-04-24	2018-06-20
	198. ENBRIDGE INC			2018-06-20
	495. ENBRIDGE INC		2018-04-24	2018-06-20
	154. EQUINOR ASA SPON ADR			2018-06-20
	17. FIRST REPUBLIC BANK SAN FRAN		2018-04-24	2018-06-20
	375. FLY LEASING LTD A D R			2018-06-20
	38. FOOT LOCKER INC COM			2018-06-20
	152. FOOT LOCKER INC COM			2018-06-20
	69. FRESENIUS MED AKTIENGESELLSCHAFT ADR			2018-06-20
	4. GENERAL ELEC CO		2017-08-02	2018-06-20
	298. GENERAL ELEC CO			2018-06-20
	171. GILEAD SCIENCES INC COM		2018-04-24	2018-06-20
	183. GILEAD SCIENCES INC COM		2017-05-08	2018-06-20
	49. HENRY JACK & ASSOC INC COM		2016-02-03	2018-06-20
	63. HOME DEPOT INC COM			2018-06-20
	66. HOME DEPOT INC COM		2017-08-02	2018-06-20
	108. HONEYWELL INTERNATIONAL INC			2018-06-20
	35. HYATT HOTELS CORP - CL A		2018-04-24	2018-06-20
	24. IPG PHOTONIC CORP COM		2016-01-15	2018-06-20
	132. INDUSTRIAS BACHOCO SAB DE CV A D R			2018-06-20
	341. INTEL CORP		2018-04-24	2018-06-20
	225. INTEL CORP		2017-05-24	2018-06-20
	39. INTERCONTINENTAL HOTELS A D R		2018-04-24	2018-06-20
	38. INTL FLAVORS FRAGRANCES			2018-06-20
	1365. INVESCO QQQ TRUST ETF			2018-06-20
	776. INVESCO QQQ TRUST ETF		2017-05-08	2018-06-20
	872. ISHARES S&P SMALL CAP 600 INDEX FD			2018-06-20
	22. ISHARES S&P SMALL CAP 600 INDEX FD		2017-08-16	2018-06-20
	201. JP MORGAN CHASE & CO COM		2017-01-18	2018-06-20
	67. JOHNSON & JOHNSON		2018-05-09	2018-06-20
	1012. KT CORP SP A D R			2018-06-20
	325. KONINKLIJKE AHOLD DELHAIZE NV ADR			2018-06-20
	39. LCI INDUSTRIES		2018-04-24	2018-06-20
	62. LAMB WESTON HOLDING INC		2018-04-24	2018-06-20
	28. LENNOX INTERNATIONAL INC			2018-06-20
	11. LOCKHEED MARTIN CORP COM			2018-06-20
	41. MKS INSTRUMENT INC COM		2018-04-24	2018-06-20
	72. MARATHON PETROLEUM CORP		2016-08-09	2018-06-20
	249. MARATHON PETROLEUM CORP		2018-04-24	2018-06-20
	41. MASCO CORP COM W/RIGHTS ATTACHED EXP 12/06/2005		2017-08-16	2018-06-20
	36. MASCO CORP COM W/RIGHTS ATTACHED EXP 12/06/2005			2018-06-20
	51. MASTERCARD INC		2017-01-18	2018-06-20
	41. MCCORMICK CO NON VTG SHRS		2017-08-16	2018-06-20
	415. MELCO CROWN ENTERTAINMENT LMTD A D R			2018-06-20
	7. METTLER-TOLEDO INTL INC		2016-01-15	2018-06-20
	2266. MIZUHO FNL GRP A D R			2018-06-20
	40. MONOLITHIC POWER SYSTEMS INC		2017-01-18	2018-06-20
	267. N T T DO CO MO INC A D R			2018-06-20
	118. N T T DO CO MO INC A D R		2018-04-24	2018-06-20
	295. NESTLE S A SPONSORED ADR REPSTG REG SH			2018-06-20
	162. NICE SYSTEMS LTD-SPONSORED ADR		2018-04-24	2018-06-20
	211. NIPPON TELEG & TEL CORP			2018-06-20
	137. NOVO-NORDISK A S ADR			2018-06-20
	37. NOVO-NORDISK A S ADR		2018-04-24	2018-06-20
	3953.7946 NUVEEN PREFERRED SECURITIES FUND			2018-06-20
	67.7144 NUVEEN PREFERRED SECURITIES FUND		2017-01-18	2018-06-20
	3578.768 NUVEEN PREFERRED SECURITIES FUND		2017-08-16	2018-06-20
	9197.45 NUVEEN PREFERRED SECURITIES FUND		2018-05-09	2018-06-20
	26. OLD DOMINION FGHT LINE INC		2018-04-24	2018-06-20
	6882.67 OPPENHEIMER SENIOR FLOATING RATE I		2017-05-08	2018-06-20
	18. ORIX CORP SPONS A D R		2018-04-24	2018-06-20
	64. ORIX CORP SPONS A D R			2018-06-20
	98. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010			2018-06-20
	21. POSCO A D R		2017-08-16	2018-06-20
	17. POSCO A D R		2017-01-18	2018-06-20
	47. PPG INDS INC COM W/RTS ATTACHED EXP 04/30/2008		2017-01-23	2018-06-20
	22. PVH CORP			2018-06-20
	37. PAYCOM SOFTWARE INC		2018-04-24	2018-06-20
	137. PEARSON P L C A D R		2018-04-24	2018-06-20
	20. PEPSICO INC			2018-06-20
	25. PETRO CHINA COMPANY LTD A D R		2018-04-24	2018-06-20
	31. POOL CORPORATION			2018-06-20
	215. RPC ENERGY SVCS INC		2018-04-24	2018-06-20
	43. RAYMOND JAMES FINL INC			2018-06-20
	32. RAYTHEON CO COM NEW		2016-02-03	2018-06-20
	287. RELX NV SPON A D R			2018-06-20
	52. RESMED INC		2016-01-15	2018-06-20
	273. ROCHE HLDG LTD SPONSORED ADR			2018-06-20
	92. SS&C TECHNOLOGIES HOLDINGS		2018-04-24	2018-06-20
	56. SCHEIN HENRY INC COM W/RIGHTS ATTACHED EXPIRING 11/30/2008			2018-06-20
	135. SCHLUMBERGER LTD ORD		2018-04-24	2018-06-20
	231. SMITH NEPHEW P L C A D R			2018-06-20
	322. SMITH NEPHEW P L C A D R			2018-06-20
	28. SNAP ON INC COM RTS EXP 11/03/1997			2018-06-20
	125. SONY CORP AMERN SH NEW			2018-06-20
	121. SONY CORP AMERN SH NEW			2018-06-20
	125. STMICROELECTRONICS N V			2018-06-20
	277. SUMITOMO MITSUI FINL GROUP A D R		2016-01-15	2018-06-20
	54. SYNOPSYS INC			2018-06-20
	73. TEXAS INSTRUMENTS INC		2018-04-24	2018-06-20
	59. TEXAS ROADHOUSE INC			2018-06-20
	21. TEXAS ROADHOUSE INC		2017-06-26	2018-06-20
	31. UNITEDHEALTH GRP INC COM			2018-06-20
	9988.434 VANGUARD GLOBAL EQUITY FUND - IV			2018-06-20
	536.781 VANGUARD GLOBAL EQUITY FUND - IV			2018-06-20
	241. VANGUARD REIT ETF		2018-04-24	2018-06-20
	2254. VANGUARD REIT ETF			2018-06-20
	98. VANGUARD REIT ETF			2018-06-20
	163. VISA INC			2018-06-20
	25. WABCO HLDGS INC		2017-06-26	2018-06-20
	182. WNS HOLDINGS LTD ADR			2018-06-20
	23. YY INC A D R		2018-04-24	2018-06-20
	30. ALLEGION PLC		2018-04-24	2018-06-20
	99. ACCENTURE PLC CL A		2018-04-24	2018-06-20
	137. GENPACT LIMITED		2016-08-09	2018-06-20
	49. STERIS PLC		2018-04-24	2018-06-20
	7000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-06-21
	3000. U S TREASURY NT 2.125% 11/30/23		2016-12-12	2018-06-21
	11000. U S TREASURY NT 1.750% 11/30/21			2018-06-21
	2000. U S TREASURY NT 2.250% 2/15/27			2018-06-21
	21.341 NUVEEN PREFERRED SECURITIES FUND		2018-05-09	2018-06-26
	67.68 NUVEEN PREFERRED SECURITIES FUND		2016-12-30	2018-06-26
	4100. AT T INC 4.800% 6/15/44			2018-06-27
	4000. ABBOTT LABORATORIES 4.900% 11/30/46		2016-11-18	2018-06-27
	5000. AMERICAN EXPRESS CO 3.000% 10/30/24		2017-11-16	2018-06-27
	3400. AMERICAN HONDA MTN 2.150% 3/13/20			2018-06-27
	3000. ANHEUSER BUSCH MTN 4.000% 4/13/28		2018-03-23	2018-06-27
	3700. APPLE INC 3.850% 5/04/43			2018-06-27
	4000. APPLE INC 3.000% 11/13/27		2017-11-07	2018-06-27
	3400. BP CAPITAL PLC 3.535% 11/04/24			2018-06-27
	3000. BP CAPITAL MARKETS 3.119% 5/04/26		2016-11-22	2018-06-27
	4900. BANK OF AMERICA 3.550% 3/05/24		2018-03-12	2018-06-27
	4000. BANK OF MONTREAL MTN 3.100% 4/13/21		2018-04-16	2018-06-27
	3000. BANK OF NY MTN 3.500% 4/28/23		2018-06-21	2018-06-27
	4000. BANK OF NOVA SCOTIA 2.500% 1/08/21		2018-04-16	2018-06-27
	3200. CVS HEALTH CORP 4.300% 3/25/28		2018-03-12	2018-06-27
	3200. CVS HEALTH CORP 5.050% 3/25/48		2018-03-12	2018-06-27
	5100. CITIGROUP INC 3.400% 5/01/26		2016-05-18	2018-06-27
	4912.991 FEDERATED CORP BND START			2018-06-27
	2000. FORD MOTOR COMPANY 5.291% 12/08/46		2017-05-04	2018-06-27
	3000. GENERAL DYNAMICS 3.375% 5/15/23		2018-06-21	2018-06-27
	3000. GLAXOSMITHKLINE CAP 3.375% 5/15/23		2018-06-21	2018-06-27
	5000. GOLDMAN SACHS GROUP 4.223% 5/01/29		2018-04-20	2018-06-27
	5300. JPMORGAN CHASE 4.625% 5/10/21			2018-06-27
	4000. LOCKHEED MARTIN CORP 3.550% 1/15/26		2015-11-19	2018-06-27
	4100. METLIFE INC 3.600% 4/10/24			2018-06-27
	9000. MICROSOFT CORP 3.300% 2/06/27		2017-02-01	2018-06-27
	4700. MORGAN STANLEY 5.500% 7/28/21		2014-09-30	2018-06-27
	2700. MORGAN STANLEY MTN 3.700% 10/23/24		2014-11-24	2018-06-27
	3000. NORTHROP GRUMMAN 3.250% 1/15/28		2017-11-16	2018-06-27
	7000. ORACLE CORP 3.250% 11/15/27		2017-11-08	2018-06-27
	3000. SANOFI 3.375% 6/19/23		2018-06-21	2018-06-27
	3000. STATOIL ASA 2.250% 11/08/19		2017-05-11	2018-06-27
	2000. TEVA PHARMACEUTICALS 2.200% 7/21/21		2016-10-04	2018-06-27
	3400. TOTAL CAPITAL INTL 2.700% 1/25/23			2018-06-27
	4000. U S TREASURY BD 2.500% 11/15/46			2018-06-27
	3000. U S TREASURY BD 2.500% 11/15/46			2018-06-27
	15000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-06-27
	25000. U S TREASURY NT 1.000% 11/30/18			2018-06-27
	4000. U S TREASURY NT 1.750% 11/30/21		2016-12-12	2018-06-27
	5000. U S TREASURY NT 2.250% 2/15/27			2018-06-27
	6000. WALMART INC 3.400% 6/26/23		2018-06-21	2018-06-27
	5200. WELLS FARGO CO MTN 4.600% 4/01/21			2018-06-27
	2700. WELLS FARGO MTN 3.300% 9/09/24		2014-11-24	2018-06-27
	1. AMERICAN INTL GROUP INC		1911-11-11	2018-07-02
	15. AMERICAN TOWER CORP		2017-03-14	2018-07-02
	235.231 BARON EMERGING MARKETS INSTITUTIONAL		2018-06-20	2018-07-02
	34. CVS CORP COM		2017-03-14	2018-07-02
	250.826 FEDERATED INST HI YLD BD FD		2017-08-16	2018-07-02
	15. FIDELITY NATL INFORMATION SVCS INC		2018-06-20	2018-07-02
	332. GENERAL ELEC CO			2018-07-02
	43. JP MORGAN CHASE & CO COM			2018-07-02
	29. MICROSOFT CORP COM		2017-02-06	2018-07-02
	11. UNITEDHEALTH GRP INC COM		2017-02-06	2018-07-02
	34. CHUBB LTD		2018-05-09	2018-07-02
	69. ZILLOW GROUP INC C		2018-06-20	2018-08-09
	1. SECURITY LITIGATION		1911-11-11	2018-08-22
	8. APPLE COMPUTER INC COM		2014-07-30	2018-09-26
	2. APPLE COMPUTER INC COM		2014-08-12	2018-09-26
	7. APPLE COMPUTER INC COM		2016-02-03	2018-09-26
	20. CVS CORP COM		2017-03-14	2018-09-26
	98. DELTA AIR LINES INC		2017-01-18	2018-09-26
	466.016 GOLDMAN SACHS COMM STRAT INS		2018-06-20	2018-09-26
	593.574 CONGRESS MID CAP GROWTH INS		2018-06-20	2018-09-26
	15950.07 T ROWE PRICE INTL GRINC FD		2018-06-26	2018-09-26
	105.103 T ROWE PRICE SMALL CAP STOCK FD		2018-06-20	2018-09-26
	202.598 ROWE T PRICE MID-CAP VALUE FD INC		2018-06-20	2018-09-26
	73. SPLUNK INC			2018-09-26
	89. SQUARE INC A		2018-06-20	2018-09-26
	5. AMAZON COM INC COM		2017-01-23	2018-10-01
	16. AMERICAN TOWER CORP			2018-10-01
	179.424 BARON EMERGING MARKETS INSTITUTIONAL		2016-05-26	2018-10-01
	19. CVS CORP COM		2017-03-14	2018-10-01
	223.552 CAUSEWAY EMERGING MARKETS INSTL		2018-06-26	2018-10-01
	8. EDWARDS LIFESCIENCES CORP COM		2018-06-20	2018-10-01
	420.137 FEDERATED INST HI YLD BD FD		2015-08-04	2018-10-01
	22. MOHAWK INDS INC COM		2018-06-20	2018-10-01
	155.298 NUVEEN REAL ESTATE SECS I		2018-06-26	2018-10-01
	198.45 ROWE T PRICE MID-CAP VALUE FD INC		2018-06-20	2018-10-01
	177.72619 VOYA INTERNATIONAL REAL ESTATE I		2018-06-26	2018-10-01
	55.31481 VOYA INTERNATIONAL REAL ESTATE I		2018-06-26	2018-10-01
	1. SECURITY LITIGATION		1911-11-11	2018-11-14
	1. PFIZER INC		2019-03-13	2019-03-13
	31. AMERICAN CAMPUS COMMUNITIES		2017-01-18	2019-04-02
	14. AMERICAN TOWER CORP		2017-02-06	2019-04-02
	38. AMERICAN TOWER CORP		2017-03-14	2019-04-02
	331. BANK OF AMERICA CORP		2017-01-18	2019-04-02
	48.047 BARON EMERGING MARKETS INSTITUTIONAL		2016-05-26	2019-04-02
	1008.885 BARON EMERGING MARKETS INSTITUTIONAL		2016-06-01	2019-04-02
	19. CVS CORP COM		2017-03-14	2019-04-02
	51. CVS CORP COM		2018-08-09	2019-04-02
	348. CABOT OIL GAS CORP CL A		2018-09-26	2019-04-02
	16. COSTCO WHOLESALE CORP COM		2018-06-20	2019-04-02
	902.246 FEDERATED INST HI YLD BD FD		2015-08-04	2019-04-02
	982. GENERAL ELEC CO			2019-04-02
	91. HORMEL FOODS CORPORATIONCOM		2017-01-23	2019-04-02
	51. HORMEL FOODS CORPORATIONCOM		2017-02-06	2019-04-02
	53. HORMEL FOODS CORPORATIONCOM		2017-05-08	2019-04-02
	126. MAGNA INTL INC CL A			2019-04-02
	81. MAGNA INTL INC CL A			2019-04-02
	52. MICRON TECHNOLOGY INC		2018-09-26	2019-04-02
	26. PPG INDS INC COM W/RTS ATTACHED EXP 04/30/2008			2019-04-02
	110. RED HAT INC COM			2019-04-02
	1443.922 T ROWE PRICE INTL GRINC FD		2018-08-09	2019-04-02
	17. TRANSDIGM GROUP INC		2018-06-20	2019-04-02
	5. WABTEC CORP		2019-02-25	2019-04-02
	129. WESTERN DIGITAL CORP COM		2018-04-24	2019-04-02
	65. CHUBB LTD			2019-04-02
	.2743 WABTEC CORP		2019-02-25	2019-04-18
	10083.109 AMER CENT DIVERSIFI BOND INS		2018-06-20	2019-05-31
	9075.753 BARON EMERGING MARKETS INSTITUTIONAL			2019-05-31
	2506.082 BARON EMERGING MARKETS INSTITUTIONAL			2019-05-31
	19. BIOGEN, INC		2018-06-20	2019-05-31
	13215.352 CAUSEWAY EMERGING MARKETS INSTL			2019-05-31
	15533.6 FEDERATED INST HI YLD BD FD			2019-05-31
	8937.033 FEDERATED INST HI YLD BD FD			2019-05-31
	5766.746 FIDELITY INVT TR AD INTL DISCI			2019-05-31
	7902.259 GOLDMAN SACHS COMM STRAT INS			2019-05-31
	2118. ISHARES MSCI EAFE VALUE INDEX ETF		2018-09-26	2019-05-31
	1963.09 NUVEEN SMALL CAP VALUE FUND CL I			2019-05-31
	7681.682 NUVEEN REAL ESTATE SECS I			2019-05-31
	9540.313 NUVEEN INFLATION PRO SEC CL I		2018-06-20	2019-05-31
	5236.565 CONGRESS MID CAP GROWTH INS			2019-05-31
	12612.612 ROBECO BOSTON PARTNERS L S RSRCH		2018-06-26	2019-05-31
	831.524 T ROWE PRICE SMALL CAP STOCK FD			2019-05-31
	3420.945 ROWE T PRICE MID-CAP VALUE FD INC			2019-05-31
	18. SERVICENOW INC		2018-06-20	2019-05-31
	12282.833 TCW EMERGING MARKETS INCOME FUND			2019-05-31
	103. TC ENERGY CORP		2018-06-20	2019-05-31
	19. TRANSDIGM GROUP INC		2018-06-20	2019-05-31
	18386.74 VOYA INTERNATIONAL REAL ESTATE I			2019-05-31
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,709	1,580	129
b	1,394	1,505	-111
c	6,608	5,287	1,321
d	11,314	14,592	-3,278
e	13,968	8,722	5,246
	5,908	3,738	2,170
	5,361	6,463	-1,102
	55,242	54,195	1,047
	8,379	5,878	2,501
	1,494	1,754	-260
	13,431	6,861	6,570
	1,361	1,505	-144
	4,483	3,773	710
	1,834	1,595	239
	5,186	4,277	909
	970	1,665	-695
	8,957	8,859	98
	9,591	7,337	2,254
	4,544	4,687	-143
	2,102	1,729	373
	4,729	4,161	568
	7,678	7,778	-100
	19,037	21,808	-2,771
	3,013	3,140	-127
	25,749	22,659	3,090
	6,008	4,642	1,366
	4,783	4,423	360
	1,460	1,549	-89
	5,334	3,919	1,415
	5,895	2,664	3,231
	1,453	1,544	-91
	3,269	1,077	2,192
	13,637	13,995	-358
	3,965	2,055	1,910
	3,173	2,775	398
	3,427	3,153	274
	1,990	2,274	-284
	7,718	7,048	670
	6,230	5,809	421
	11,233	11,657	-424
	6,267	8,180	-1,913
	15,667	15,196	471
	4,010	3,262	748
	1,712	1,599	113
	5,164	4,314	850
	2,150	2,202	-52
	8,601	6,486	2,115
	3,473	2,675	798
	51	102	-51
	3,823	8,883	-5,060
	12,199	12,661	-462
	13,055	12,373	682
	6,465	4,032	2,433
	12,556	8,547	4,009
	13,154	9,924	3,230
	15,879	12,159	3,720
	2,857	2,749	108
	5,749	1,937	3,812
	7,278	7,210	68
	18,196	17,929	267
	12,006	8,109	3,897
	2,530	2,413	117
	4,765	4,400	365
	242,407	195,707	46,700
	137,808	106,716	31,092
	75,453	59,197	16,256
	1,904	1,515	389
	21,638	16,778	4,860
	8,177	8,299	-122
	13,915	14,150	-235
	7,657	7,473	184
	3,721	3,662	59
	4,164	4,097	67
	5,702	3,484	2,218
	3,329	2,810	519
	4,262	4,426	-164
	5,327	2,970	2,357
	18,421	19,976	-1,555
	1,571	1,541	30
	1,380	1,270	110
	10,306	5,526	4,780
	4,340	4,032	308
	12,516	9,270	3,246
	4,042	2,202	1,840
	7,636	7,522	114
	5,624	3,442	2,182
	6,787	6,466	321
	3,000	3,014	-14
	22,104	21,963	141
	17,904	15,853	2,051
	9,938	9,092	846
	6,150	5,261	889
	1,661	1,745	-84
	66,542	68,755	-2,213
	1,140	1,149	-9
	60,231	63,487	-3,256
	154,793	156,541	-1,748
	4,216	3,904	312
	55,818	56,025	-207
	1,459	1,592	-133
	5,188	5,121	67
	13,862	11,347	2,515
	1,632	1,489	143
	1,321	971	350
	4,927	4,700	227
	3,461	2,698	763
	4,190	4,264	-74
	1,560	1,535	25
	2,117	2,079	38
	1,855	1,875	-20
	4,870	3,697	1,173
	3,019	4,200	-1,181
	4,176	2,120	2,056
	6,307	4,058	2,249
	6,041	4,957	1,084
	5,558	2,770	2,788
	7,390	8,776	-1,386
	5,028	4,690	338
	4,051	3,600	451
	8,836	9,386	-550
	8,508	8,533	-25
	11,859	10,892	967
	4,483	4,035	448
	6,209	3,897	2,312
	6,010	5,464	546
	3,040	2,075	965
	2,209	1,950	259
	4,895	2,030	2,865
	8,375	7,298	1,077
	3,927	2,256	1,671
	1,398	1,057	341
	7,825	3,626	4,199
	321,428	276,189	45,239
	17,274	15,661	1,613
	19,193	17,836	1,357
	179,506	187,941	-8,435
	7,805	8,300	-495
	22,112	13,486	8,626
	2,999	3,102	-103
	9,671	5,067	4,604
	2,607	2,177	430
	2,402	2,568	-166
	16,037	15,184	853
	4,183	3,295	888
	5,250	4,764	486
	6,968	6,945	23
	2,897	2,973	-76
	10,658	10,926	-268
	1,902	1,977	-75
	357	363	-6
	1,132	1,151	-19
	3,712	4,005	-293
	4,270	3,974	296
	4,781	4,988	-207
	3,345	3,410	-65
	2,997	2,999	-2
	3,532	3,501	31
	3,802	3,987	-185
	3,379	3,413	-34
	2,867	2,946	-79
	4,843	4,892	-49
	3,985	3,997	-12
	3,000	3,000
	3,931	3,941	-10
	3,169	3,169
	3,286	3,256	30
	4,847	5,110	-263
	51,586	54,664	-3,078
	1,857	1,995	-138
	3,008	3,003	5
	3,000	2,998	2
	4,909	4,979	-70
	5,488	5,776	-288
	3,936	4,011	-75
	4,067	4,147	-80
	8,867	8,994	-127
	4,979	5,312	-333
	2,666	2,712	-46
	2,822	3,008	-186
	6,697	7,055	-358
	3,002	3,001	1
	2,975	3,017	-42
	1,841	1,994	-153
	3,307	3,300	7
	3,920	3,814	106
	2,940	2,852	88
	14,938	14,882	56
	24,888	24,823	65
	3,884	3,972	-88
	4,777	4,932	-155
	6,034	6,014	20
	5,373	5,721	-348
	2,611	2,695	-84
	43		43
	2,144	1,717	427
	3,277	3,366	-89
	2,190	2,715	-525
	2,418	2,526	-108
	1,589	1,608	-19
	4,391	6,918	-2,527
	4,499	3,720	779
	2,885	1,841	1,044
	2,699	1,764	935
	4,303	4,587	-284
	3,510	4,454	-944
	117		117
	1,776	786	990
	444	192	252
	1,554	667	887
	1,575	1,597	-22
	5,665	4,951	714
	5,895	5,657	238
	12,127	11,705	422
	231,914	228,405	3,509
	5,765	5,615	150
	6,408	6,432	-24
	8,608	8,264	344
	8,458	6,070	2,388
	10,077	4,069	6,008
	2,316	1,680	636
	2,394	1,898	496
	1,510	1,517	-7
	2,861	2,893	-32
	1,372	1,240	132
	4,109	4,126	-17
	3,845	4,644	-799
	3,083	3,163	-80
	6,307	6,301	6
	1,461	1,518	-57
	455	472	-17
	17		17
	126		126
	1,473	1,553	-80
	2,693	1,449	1,244
	7,310	4,351	2,959
	9,470	7,381	2,089
	678	508	170
	14,235	10,785	3,450
	995	1,517	-522
	2,670	3,493	-823
	8,996	7,865	1,131
	3,872	3,333	539
	8,788	8,860	-72
	9,957	13,952	-3,995
	3,947	3,307	640
	2,212	1,838	374
	2,299	1,829	470
	6,369	5,768	601
	4,095	4,872	-777
	2,206	2,319	-113
	2,968	2,596	372
	20,156	17,261	2,895
	19,219	21,081	-1,862
	7,876	5,795	2,081
	373	379	-6
	6,455	11,511	-5,056
	9,123	7,816	1,307
	21	21
	108,595	104,562	4,033
	120,072	128,942	-8,870
	33,155	31,857	1,298
	4,186	5,655	-1,469
	154,487	171,130	-16,643
	149,589	151,240	-1,651
	86,064	87,698	-1,634
	231,996	254,094	-22,098
	83,290	95,562	-12,272
	99,351	111,806	-12,455
	42,383	53,495	-11,112
	163,082	156,571	6,511
	107,329	104,562	2,767
	103,841	103,279	562
	185,405	207,730	-22,325
	39,722	44,451	-4,729
	87,371	108,567	-21,196
	4,748	3,353	1,395
	99,245	96,662	2,583
	4,946	4,468	478
	8,460	6,477	1,983
	154,632	156,976	-2,344
			35,753

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			129
b			-111
c			1,321
d			-3,278
e			5,246
			2,170
			-1,102
			1,047
			2,501
			-260
			6,570
			-144
			710
			239
			909
			-695
			98
			2,254
			-143
			373
			568
			-100
			-2,771
			-127
			3,090
			1,366
			360
			-89
			1,415
			3,231
			-91
			2,192
			-358
			1,910
			398
			274
			-284
			670
			421
			-424
			-1,913
			471
			748
			113
			850
			-52
			2,115
			798
			-51
			-5,060
			-462
			682
			2,433
			4,009
			3,230
			3,720
			108
			3,812
			68
			267
			3,897
			117
			365
			46,700
			31,092
			16,256
			389
			4,860
			-122
			-235
			184
			59
			67
			2,218
			519
			-164
			2,357
			-1,555
			30
			110
			4,780
			308
			3,246
			1,840
			114
			2,182
			321
			-14
			141
			2,051
			846
			889
			-84
			-2,213
			-9
			-3,256
			-1,748
			312
			-207
			-133
			67
			2,515
			143
			350
			227
			763
			-74
			25
			38
			-20
			1,173
			-1,181
			2,056
			2,249
			1,084
			2,788
			-1,386
			338
			451
			-550
			-25
			967
			448
			2,312
			546
			965
			259
			2,865
			1,077
			1,671
			341
			4,199
			45,239
			1,613
			1,357
			-8,435
			-495
			8,626
			-103
			4,604
			430
			-166
			853
			888
			486
			23
			-76
			-268
			-75
			-6
			-19
			-293
			296
			-207
			-65
			-2
			31
			-185
			-34
			-79
			-49
			-12

			-10

			30
			-263
			-3,078
			-138
			5
			2
			-70
			-288
			-75
			-80
			-127
			-333
			-46
			-186
			-358
			1
			-42
			-153
			7
			106
			88
			56
			65
			-88
			-155
			20
			-348
			-84
			43
			427
			-89
			-525
			-108
			-19
			-2,527
			779
			1,044
			935
			-284
			-944
			117
			990
			252
			887
			-22
			714
			238
			422
			3,509
			150
			-24
			344
			2,388
			6,008
			636
			496
			-7
			-32
			132
			-17
			-799
			-80
			6
			-57
			-17
			17
			126
			-80
			1,244
			2,959
			2,089
			170
			3,450
			-522
			-823
			1,131
			539
			-72
			-3,995
			640
			374
			470
			601
			-777
			-113
			372
			2,895
			-1,862
			2,081
			-6
			-5,056
			1,307

			4,033
			-8,870
			1,298
			-1,469
			-16,643
			-1,651
			-1,634
			-22,098
			-12,272
			-12,455
			-11,112
			6,511
			2,767
			562
			-22,325
			-4,729
			-21,196
			1,395
			2,583
			478
			1,983
			-2,344

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	177,812
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 ...................		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? Yes No

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	131,089	3,074,285	0.04264
2016	132,140	2,891,591	0.045698
2015	143,989	2,906,617	0.049538
2014	158,947	3,097,678	0.051312
2013	160,250	3,093,682	0.051799

Total of line 1, column (d) .....................

0.240987

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 ......

0.048197

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

3,010,661

Multiply line 4 by line 3......................

145,105

Enter 1% of net investment income (1% of Part I, line 27b)...........

2,144

Add lines 5 and 6........................

147,249

Enter qualifying distributions from Part XII, line 4,.............

150,480

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)

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 and enter “N/A" on line 1.
	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	2,144
	hereand 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	2,144
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	2,144
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	3,200
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,200
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,056
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax1,056	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

US BANK NA Telephone no. bullet

(314) 418-2643

Located at bullet

PO BOX 0634MILWAUKEEWI ZIP+4 bullet

532010634

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
US BANK N A	TRUSTEE 1	39,521
PO BOX 0634 MILWAUKEE,WI532012643	TRUSTEE 1	39,521

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...................				0

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,999,028

Average of monthly cash balances.......................

57,481

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

3,056,509

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

3,056,509

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

45,848

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

3,010,661

Minimum investment return. Enter 5% of line 5..................

150,533

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.)

Minimum investment return from Part X, line 6....................

150,533

Tax on investment income for 2018 from Part VI, line 5......

2,144

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

2,144

Distributable amount before adjustments. Subtract line 2c from line 1............

148,389

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

148,389

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

148,389

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

150,480

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

150,480

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.................

2,144

Adjusted qualifying distributions. Subtract line 5 from line 4..............

148,336

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)

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					148,389
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				961
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 150,480
a Applied to 2017, but not more than line 2a				961
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					148,389
e Remaining amount distributed out of corpus		1,130
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,130
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		1,130
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	1,130

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2018)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
MISSOURI SOUTHERN FOUNDATION 3950 NEWMAN ROAD JOPLIN,MO648011512	NONE	PC	GENERAL OPERATING	145,306
Total ................................. 3a				145,306

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	73,563
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	177,812
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)..				251,375

13Total. Add line 12, columns (b), (d), and (e)..................

251,375

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
05565QCS5 BP CAPITAL PLC
89153VAE9 TOTAL CAPITAL INTL
912828V98 U S TREASURY NT
94974BGA2 WELLS FARGO MTN
85771PAW2 STATOIL ASA
31421P100 FEDERATED CORP BND S
670700400 NUVEEN PREFERRED SEC
912810EP9 U S TREASURY NT	50,164	59,244
05565QDB1 BP CAPITAL MARKETS
002824BH2 ABBOTT LABORATORIES
912828U57 U S TREASURY NT
31420B300 FEDERATED INST HI YL	238,938	235,652
172967KN0 CITIGROUP INC
59156RBH0 METLIFE INC
912810RU4 U S TREASURY BD
539830BH1 LOCKHEED MARTIN CORP
46625HHZ6 JPMORGAN CHASE
594918BY9 MICROSOFT CORP
912828U65 U S TREASURY NT
61761JVL0 MORGAN STANLEY MTN
94974BEV8 WELLS FARGO CO MTN
61747WAL3 MORGAN STANLEY
68381K606 OPPENHEIMER SENIOR F
00206RCG5 AT T INC
345370CS7 FORD MOTOR COMPANY
02665WAU5 AMERICAN HONDA MTN
037833AL4 APPLE INC
88167AAC5 TEVA PHARMACEUTICALS
035240AL4 ANHEUSER BUSCH MTN
06367T4W7 BANK OF MONTREAL MTN
68389XBN4 ORACLE CORP
06051GHF9 BANK OF AMERICA
037833DK3 APPLE INC
912828U40 U S TREASURY NT
126650CZ1 CVS HEALTH CORP
38141GWZ3 GOLDMAN SACHS GROUP
126650CX6 CVS HEALTH CORP
666807BN1 NORTHROP GRUMMAN
912828T83 U S TREASURY NT
025816BR9 AMERICAN EXPRESS CO
064159KT2 BANK OF NOVA SCOTIA
08765130 AMERICAN CENTURY DIVE	104,562	108,595
08765130 CAUSEWAY EMERGING MAR	171,130	154,487
08765130 FIDELITY INVT TR AD I	254,094	231,996
08765130 GOLDMAN SACHS COMM ST	95,562	83,290
08765130 ISHARES MSCI EAFE VAL	251,663	224,236
08765130 NUVEEN SMALL CAP VALU	53,495	42,383
08765130 NUVEEN REAL ESTATE SE	156,571	163,082
08765130 NUVEEN INFLATION PRO	104,562	107,329
08765130 CONGRESS MID CAP GROW	103,279	103,841
08765130 ROBECO BOSTON PARTNER	207,730	185,405
08765130 T ROWE PRICE SMALL CA	49,974	45,129
08765130 T ROWE PRICE MID CAP	119,956	98,089
08765130 TCW EMERGING MARKETS	96,662	99,245
08765130 VOYA INTERNATIONAL RE	156,976	154,632

Name of Stock	End of Year Book Value	End of Year Fair Market Value
247361702 DELTA AIR LINES INC	16,032	16,068
34407D109 FLY LEASING LTD A D
456463108 INDUSTRIAS BACHOCO S
02079K305 ALPHABET INC CL A	24,119	28,769
369604103 GENERAL ELECTRIC CO
459506101 INTL FLAVORS FRAGRA
713448108 PEPSICO INC
754730109 RAYMOND JAMES FINL I
771195104 ROCHE HOLDINGS LTD S
23636T100 DANONE SPONS A D R
62942M201 NTT DOCOMO INC A D R
44980X109 IPG PHOTONIC CORP CO
46625H100 J P MORGAN CHASE CO	10,638	11,868
00287Y109 ABBVIE INC
75955B102 RELX NV SPON A D R
138006309 CANON INC SPONS A D
761152107 RESMED INC
438516106 HONEYWELL INTERNATIO
574599106 MASCO CORP
693475105 P N C FINANCIAL SERV
594918104 MICROSOFT CORP	27,310	55,161
440452100 HORMEL FOODS CORP	7,888	8,846
192422103 COGNEX CORP	8,216	6,293
86562M209 SUMITOMO MITSUI FINL
05367G100 AVIANCA HOLDINGS A D
833034101 SNAP ON INC
835699307 SONY CORP A D R
931142103 WAL MART STORES INC	10,864	14,912
053611109 AVERY DENNISON CORP
072730302 BAYER AG A D R
806407102 SCHEIN HENRY INC COM
358029106 FRESENIUS MED AKTIEN
023135106 AMAZON.COM INC	36,443	47,927
654624105 NIPPON TELEGRAPH TEL
92932M101 WNS HOLDINGS LTD ADR
73278L105 POOL CORPORATION
686330101 ORIX CORP SPONS A D
755111507 RAYTHEON COMPANY	14,950	18,497
344849104 FOOT LOCKER INC
H1467J104 CHUBB LTD	12,334	13,585
922908553 VANGUARD REIT ETF
609839105 MONOLITHIC POWER SYS
375558103 GILEAD SCIENCES INC
71646E100 PETRO CHINA COMPANY
48268K101 KT CORP SP A D R
172908105 CINTAS CORP
437076102 HOME DEPOT INC
585464100 MELCO CROWN ENTERTAI
000375204 ABB LTD A D R
882681109 TEXAS ROADHOUSE INC
73935A104 POWERSHARES QQQ ETF
146229109 CARTERS INC
037833100 APPLE INC	11,123	12,430
478160104 JOHNSON JOHNSON
126650100 CVS HEALTH CORPORATI
641069406 NESTLE SA SPONSORED
559222401 MAGNA INTL INC CL
922038203 VANGUARD GLOBAL EQUI
29250N105 ENBRIDGE INC
78409V104 S P GLOBAL INC	10,360	13,047
001317205 AIA GROUP LTD ADR
00206R102 ATT INC
693506107 P P G INDS INC
171340102 CHURCH AND DWIGHT CO
00687A107 ADIDAS AG A D R
871607107 SYNOPSYS INC
132011107 CAMBREX CORP COM
426281101 JACK HENRY ASSOCIATE
216648402 COOPER COS INC
060505104 BANK OF AMERICA CORP	10,828	11,810
024835100 AMERICAN CAMPUS COMM	15,587	14,498
458140100 INTEL CORP
92826C839 VISA INC
56585A102 MARATHON PETROLEUM C	17,784	14,579
500467501 KONINKLIJKE AHOLD DE
670100205 NOVO NORDISK AS A D
653656108 NICE SYS LTD SPONSOR
03027X100 AMERICAN TOWER CORP	15,084	24,009
592688105 METTLER-TOLEDO INTL
861012102 STMICROELECTRONICS N
57636Q104 MASTERCARD INC	2,336	5,533
526107107 LENNOX INTERNATIONAL
91324P102 UNITED HEALTH GROUP	15,466	25,147
60687Y109 MIZUHO FNL GRP A D R
N59465109 MYLAN NV	29,172	13,591
G3922B107 GENPACT LIMITED
693483109 POSCO A D R
539830109 LOCKHEED MARTIN CORP
G1151C101 ACCENTURE PLC CL A
83175M205 SMITH NEPHEW P L C
464287804 I SHARES S P SMALLC
00888Y508 INV BALANCE RISK COM
067806109 BARNES GROUP INC
806857108 SCHLUMBERGER LTD
958102105 WESTERN DIGITAL CORP	13,384	5,583
98426T106 YY INC A D R
579780206 MCCORMICK CO NON VTG
G0176J109 ALLEGION PLC
92927K102 WABCO HLDGS INC
G84720104 STERIS PLC
278865100 ECOLAB INC
55306N104 M K S INSTRUMENTS IN
679580100 OLD DOMINION FGHT LI
705015105 PEARSON P L C A D R
055622104 BP PLC SPONS A D R
217204106 COPART INC COM
29446M102 EQUINOR ASA SPON ADR
513272104 LAMB WESTON HOLDING
693656100 PVH CORP
03938L203 ARCELORMITTAL CLASS
23304Y100 DBS GROUP HLDGS LTD
70432V102 PAYCOM SOFTWARE INC
226718104 CRITEO SA SPON A D R
448579102 HYATT HOTELS CORP -
04623U102 ASTELLAS PHARMA INC
122017106 BURLINGTON STORES IN
749660106 RPC ENERGY SVCS INC
882508104 TEXAS INSTRUMENTS IN
78467J100 SS&C TECHNOLOGIES HO
007924103 AEGON N V NY REG SHR
05278C107 AUTOHOME INC
126132109 CNOOC LTD A D R
159864107 CHARLES RIV LABORATO
16941R108 CHINA PETROLEUM CHEM
20030N101 COMCAST CORP CL A
33616C100 FIRST REPUBLIC BANK
45857P707 INTERCONTINENTAL HOT
50189K103 LCI INDUSTRIES
09062X103 BIOGEN, INC	12,500	9,210
127097103 CABOT OIL GAS CORP C	4,326	4,554
151020104 CELGENE CORP	17,511	20,352
15135B101 CENTENE CORP	17,613	15,477
172967424 CITIGROUP INC	3,739	3,605
22160K105 COSTCO WHSL CORP	13,747	15,812
28176E108 EDWARDS LIFESCIENCES	6,198	6,828
30303M102 FACEBOOK INC CLASS A	31,874	28,928
31620M106 FIDELITY NATL INFORM	5,144	5,774
33829M101 FIVE BELOW	14,640	15,705
595112103 MICRON TECHNOLOGY IN	4,102	3,000
608190104 MOHAWK INDS INC	15,210	10,708
701877102 PARSLEY ENERGY INC C	26,003	10,317
76680R206 RINGCENTRAL INC CLAS	9,144	12,464
808513105 SCHWAB CHARLES CORP	22,033	16,561
81762P102 SERVICENOW INC	10,663	15,192
848637104 SPLUNK INC	9,259	9,347
852234103 SQUARE INC A	13,961	12,452
87807B107 TC ENERGY CORP	19,996	22,441
893641100 TRANSDIGM GROUP INC	11,250	14,551
89400J107 TRANSUNION	6,946	6,685
902252105 TYLER TECHNOLOGIES I	12,275	11,948
G6095L109 APTIV PLC	6,919	5,251
N53745100 LYONDELLBASELL INDU	9,116	7,574
012653101 ALBEMARLE CORP	18,506	13,040
70450Y103 PAYPAL HOLDINGS INC	9,878	10,317
06828M876 BARON EMERGING MARKE	160,799	153,228

Category	Amount	Net Investment Income
FOREIGN TAXES	2,150	795
FEDERAL ESTIMATES - PRINCIPAL	2,440	0
FOREIGN TAXES ON NONQUALIFIED	273	101