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
JOE HERRING FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1501 NJ2-130-03-31
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PENNINGTON, NJ085341501
A Employer identification number

27-3785024
B Telephone number (see instructions)

(609) 274-6834
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,797,676J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 93,701 93,274  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 255,980
b Gross sales price for all assets on line 6a 4,223,161
7 Capital gain net income (from Part IV, line 2)... 255,980
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........ 349,681 349,254  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 837 0 0 837
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 18,544 11,127   7,418
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,116 2,152   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)....... Click to see attachment 2,233 555   1,678
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,730 13,834 0 9,933
25 Contributions, gifts, grants paid....... 145,629 145,629
26 Total expenses and disbursements. Add lines 24 and 25 178,359 13,834 0 155,562
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 171,322
b Net investment income (if negative, enter -0-) 335,420
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 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.............   3,899 3,899
2 Savings and temporary cash investments......... 68,739 253,211 253,211
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 3,831,969 Click to see attachment536,150 475,273
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)..........   Click to see attachment3,276,784 3,065,293
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,900,708 4,070,044 3,797,676
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
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 3,900,708 4,070,044
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)..... 3,900,708 4,070,044
31 Total liabilities and net assets/fund balances (see instructions). 3,900,708 4,070,044
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
3,900,708
2
Enter amount from Part I, line 27a .....................
2
171,322
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,072,030
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,986
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,070,044
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 311. AT& T INC   2018-04-11 2018-10-09
b 5. AT& T INC   2018-04-23 2018-10-09
c 8. AT& T INC   2018-06-12 2018-10-09
d 4. ABBVIE INC SHS   2018-04-11 2018-06-12
e 44. ABBVIE INC SHS   2018-04-11 2018-06-21
69. ABBVIE INC SHS   2018-04-11 2018-10-09
1. AIR PRODUCTS AND CHEMICALS INC COMMON   2018-04-11 2018-04-23
67. AIR PRODUCTS AND CHEMICALS INC COMMON   2018-04-11 2018-10-09
1. AMERICAN ELECTRIC POWER CO INC   2018-04-11 2018-04-23
161. AMERICAN ELECTRIC POWER CO INC   2018-04-11 2018-10-09
15. AMERICAN ELECTRIC POWER CO INC   2018-06-12 2018-10-09
12. AMERICAN TOWER REIT INC   2018-10-09 2018-12-04
1. AMGEN INC   2018-04-11 2018-06-12
49. AMGEN INC   2018-04-11 2018-10-09
4. ANTHEM INC   2018-10-09 2018-12-04
1. ASTRAZENECA PLC SPONS ADR   2018-04-11 2018-06-12
122. ASTRAZENECA PLC SPONS ADR   2018-04-11 2018-06-21
298. ASTRAZENECA PLC SPONS ADR   2018-04-11 2018-10-09
12. ASTRAZENECA PLC SPONS ADR   2018-04-23 2018-10-09
168. BB&T CORP COM   2018-04-11 2018-10-09
78. BB&T CORP COM   2018-04-23 2018-10-09
.22 BLACKSTONE ALT MULTI   2018-04-11 2018-04-23
.49 BLACKSTONE ALT MULTI   2018-04-11 2018-04-23
222. BLACKSTONE ALT MULTI   2018-04-11 2018-04-23
18805. BLACKSTONE ALT MULTI   2018-04-11 2018-10-09
.05 BLACKSTONE ALT MULTI   2018-06-12 2018-10-09
766. BLACKSTONE ALT MULTI   2018-04-11 2018-12-04
.08 BLACKSTONE ALT MULTI   2018-06-12 2018-12-04
2. BOEING COMPANY   2018-04-11 2018-06-12
11. BOEING COMPANY   2018-04-11 2018-08-06
26. BOEING COMPANY   2018-04-11 2018-10-09
5. CARNIVAL CORP   2018-04-11 2018-04-23
201. CARNIVAL CORP   2018-04-11 2018-10-09
14. CARNIVAL CORP   2018-06-12 2018-10-09
13. CISCO SYS INC   2018-04-11 2018-04-23
348. CISCO SYS INC   2018-04-11 2018-10-09
10. CISCO SYS INC   2018-06-12 2018-10-09
300. COCA-COLA CO USD   2018-04-11 2018-10-09
2. COCA-COLA CO USD   2018-06-12 2018-10-09
1. COHEN & STEERS PREFERRED   2015-11-19 2018-04-11
8. COHEN & STEERS PREFERRED   2015-11-19 2018-04-11
1060. COHEN & STEERS PREFERRED   2015-11-19 2018-04-11
577. COHEN & STEERS PREFERRED   2016-04-12 2018-04-11
31. COHEN & STEERS PREFERRED   2016-11-10 2018-04-11
1. COHEN & STEERS PREFERRED   2016-12-13 2018-04-11
7160. COHEN & STEERS PREFERRED   2016-12-13 2018-04-11
.63 COHEN & STEERS PREFERRED   2017-12-13 2018-04-11
4. COHEN & STEERS PREFERRED   2016-12-13 2018-04-23
.04 COHEN & STEERS PREFERRED   2017-12-13 2018-04-23
.53 COHEN & STEERS PREFERRED   2016-12-13 2018-10-09
39. COHEN & STEERS PREFERRED   2016-12-13 2018-10-09
.39 COHEN & STEERS PREFERRED   2018-06-12 2018-10-09
.47 COHEN & STEERS PREFERRED   2016-12-13 2018-12-04
875. COHEN & STEERS PREFERRED   2016-12-13 2018-12-04
.27 COHEN & STEERS PREFERRED   2017-01-10 2018-12-04
2335. COHEN & STEERS PREFERRED   2017-01-10 2018-12-04
3. COSTCO WHSL CORP NEW   2018-10-09 2018-12-04
104. CROWN CASTLE REIT INC   2018-04-11 2018-10-09
42. CROWN CASTLE REIT INC   2018-04-23 2018-10-09
4. CROWN CASTLE REIT INC   2018-06-12 2018-10-09
4. DANAHER CORP COMMON   2018-10-09 2018-12-04
6. DIGITAL RLTY TR INC   2018-04-11 2018-06-12
119. DIGITAL RLTY TR INC   2018-04-11 2018-10-09
4. DIGITAL RLTY TR INC   2018-04-23 2018-10-09
6. EMERSON ELECTRIC COMPANY   2018-04-11 2018-04-23
4. EMERSON ELECTRIC COMPANY   2018-04-11 2018-06-12
153. EMERSON ELECTRIC COMPANY   2018-04-11 2018-10-09
216. EXELON CORP   2018-05-01 2018-10-09
6. EXELON CORP   2018-06-12 2018-10-09
108. EXXON MOBIL CORP   2018-05-23 2018-10-09
69. FEDEX CORPORATION   2018-10-09 2018-12-11
2. FEDEX CORPORATION   2018-12-04 2018-12-11
23. GENERAL MOTORS CO   2018-04-11 2018-06-12
145. GENERAL MOTORS CO   2018-04-11 2018-10-02
5. GENERAL MOTORS CO   2018-04-23 2018-10-02
.17 GOLDMAN SACHS ABSOLUTE   2018-10-09 2018-12-04
707. GOLDMAN SACHS ABSOLUTE   2018-10-09 2018-12-04
.56 GOLDMAN SACHS ABSOLUTE   2018-10-09 2018-12-04
6. HSBC HLDGS PLC   2018-04-11 2018-04-23
265. HSBC HLDGS PLC   2018-04-11 2018-10-09
5. HSBC HLDGS PLC   2018-06-12 2018-10-09
56. ILLINOIS TOOL WORKS INC COM   2018-04-11 2018-10-09
3. ILLINOIS TOOL WORKS INC COM   2018-06-12 2018-10-09
9. INTEL CORPORATION   2018-04-11 2018-06-12
205. INTEL CORPORATION   2018-04-11 2018-08-22
85. INTERNATIONAL BUSINESS MACHINES CORP   2018-04-11 2018-10-09
5. INTERNATIONAL BUSINESS MACHINES CORP   2018-04-23 2018-10-09
1. INTERNATIONAL BUSINESS MACHINES CORP   2018-06-12 2018-10-09
58. ISHARES RUSSELL 1000 VALUE ETF   2015-12-17 2018-04-11
3691. ISHARES RUSSELL 1000 VALUE ETF   2016-12-13 2018-04-11
1101. ISHARES RUSSELL 1000 VALUE ETF   2017-01-10 2018-04-11
30. ISHARES RUSSELL 1000 VALUE ETF   2017-01-10 2018-04-23
29. ISHARES RUSSELL 1000 VALUE ETF   2017-01-10 2018-06-12
55. ISHARES RUSSELL 1000 GROWTH   2015-11-19 2018-04-23
1505. ISHARES RUSSELL 1000 GROWTH   2015-11-19 2018-10-09
7. ISHARES RUSSELL 1000 GROWTH   2015-11-19 2018-10-09
413. ISHARES RUSSELL 1000 GROWTH   2018-02-13 2018-10-09
1023. ISHARES RUSSELL 1000 GROWTH   2018-02-13 2018-12-04
6. ISHARES S&P SMALL-CAP 600 VALUE ETF   2018-04-11 2018-04-23
34. ISHARES S&P SMALL-CAP 600 VALUE ETF   2018-04-11 2018-06-12
4. ISHARES S&P SMALL-CAP 600 GROWTH ETF   2018-04-11 2018-04-23
31. ISHARES S&P SMALL-CAP 600 GROWTH ETF   2018-04-11 2018-06-12
7. ISHARES S&P SMALL-CAP 600 GROWTH ETF   2018-04-11 2018-10-09
433. ISHARES S&P SMALL-CAP 600 GROWTH ETF   2018-04-11 2018-12-04
101. ISHARES MBS ETF   2015-11-19 2018-04-11
43. ISHARES MBS ETF   2015-12-02 2018-04-11
140. ISHARES MBS ETF   2016-04-12 2018-04-11
2. ISHARES MBS ETF   2016-05-10 2018-04-11
9. ISHARES MBS ETF   2016-11-10 2018-04-11
1148. ISHARES MBS ETF   2016-12-13 2018-04-11
738. ISHARES MBS ETF   2017-01-10 2018-04-11
40. ISHARES MBS ETF   2017-05-09 2018-04-11
9. ISHARES MBS ETF   2017-07-11 2018-04-11
91. ISHARES MBS ETF   2017-10-10 2018-04-11
53. ISHARES MBS ETF   2017-12-13 2018-04-11
350. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2015-11-19 2018-04-11
95. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2015-11-19 2018-04-11
1. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2016-05-10 2018-04-11
16. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2016-11-10 2018-04-11
1607. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2016-12-13 2018-04-11
75. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2017-05-09 2018-04-11
5. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2017-07-11 2018-04-11
93. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2017-10-10 2018-04-11
441. ISHARES INTERMEDIATE GOVET/CREDIT BOND   2017-12-13 2018-04-11
2882. ISHARES SHORT MATURITY   2017-10-10 2018-04-11
63. ISHARES SHORT MATURITY   2017-12-13 2018-04-11
207. ISHARES CORE MSCI EAFE ETF   2017-01-10 2018-04-11
49. ISHARES CORE MSCI EAFE ETF   2017-01-10 2018-04-23
5981. ISHARES CORE MSCI EAFE ETF   2017-01-10 2018-06-12
250. ISHARES CORE MSCI EAFE ETF   2017-05-09 2018-06-12
18. ISHARES CORE MSCI EAFE ETF   2017-07-11 2018-06-12
548. ISHARES CORE MSCI EAFE ETF   2017-10-10 2018-06-12
945. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-01-10 2018-04-11
266. ISHARES CORE MSCI EMERGING MARKETS ETF   2017-01-10 2018-12-04
12. J P MORGAN CHASE & CO   2018-04-11 2018-10-09
48. JOHNSON & JOHNSON COM   2018-09-11 2018-10-09
40. KIMBERLY-CLARK CORP COM   2018-04-11 2018-04-23
142. KRAFT (THE) HEINZ CO SHS   2018-04-11 2018-04-23
27. LOCKHEED MARTIN CORP   2018-04-11 2018-08-06
1. MC DONALDS CORPORATION COMMON   2018-04-11 2018-06-12
66. MC DONALDS CORPORATION COMMON   2018-04-11 2018-10-09
2. MC DONALDS CORPORATION COMMON   2018-04-23 2018-10-09
8. MERCK AND CO INC SHS   2018-04-11 2018-04-23
4. MERCK AND CO INC SHS   2018-04-11 2018-06-12
144. MERCK AND CO INC SHS   2018-04-11 2018-10-09
57. MERCK AND CO INC SHS   2018-08-06 2018-10-09
2. MICROSOFT CORP COM   2018-10-09 2018-12-04
23. MICROCHIP TECHNOLOGY INC   2018-10-09 2018-12-04
5. NEXTERA ENERGY INC SHS   2018-10-09 2018-12-04
82. PEPSICO INC   2018-06-21 2018-10-09
30. PEPSICO INC   2018-08-06 2018-10-09
6. PFIZER INC COM   2018-04-11 2018-04-23
300. PFIZER INC COM   2018-04-11 2018-10-09
8. PFIZER INC COM   2018-06-12 2018-10-09
17. PFIZER INC COM   2018-08-06 2018-10-09
130. PHILIP MORRIS INTL INC   2018-04-11 2018-04-23
1909. POWERSHARES FUNDAMENTAL HIGH YIELD CORP   2017-01-10 2018-04-11
144. POWERSHARES FUNDAMENTAL HIGH YIELD CORP   2017-05-09 2018-04-11
20. POWERSHARES FUNDAMENTAL HIGH YIELD CORP   2017-07-11 2018-04-11
155. POWERSHARES FUNDAMENTAL HIGH YIELD CORP   2017-10-10 2018-04-11
4372. POWERSHARES S&P 500 LOW VOLATILITY   2016-12-13 2018-02-13
19. POWERSHARES S&P 500 LOW VOLATILITY   2017-10-10 2018-02-13
168. PROCTER & GAMBLE CO COM   2018-04-11 2018-04-23
9. PROLOGIS INC   2018-10-09 2018-12-04
.17 RESIDEO TECHNOLOGIES INC   2018-10-09 2018-11-05
22. RESIDEO TECHNOLOGIES INC   2018-10-09 2018-11-13
8. ROYAL DUTCH SHEL PLC   2018-04-11 2018-04-23
242. ROYAL DUTCH SHEL PLC   2018-04-11 2018-10-09
1. ROYAL DUTCH SHEL PLC   2018-06-12 2018-10-09
42. SPDR GOLD TRUST   2018-04-23 2018-05-04
247. SPDR GOLD TRUST   2018-04-11 2018-05-04
1260. SPDR GOLD TRUST   2018-04-11 2018-05-04
120. SPDR GOLD TRUST   2018-04-11 2018-05-04
247. SPDR GOLD TRUST   2018-04-11 2018-06-05
1260. SPDR GOLD TRUST   2018-04-11 2018-06-05
42. SPDR GOLD TRUST   2018-04-23 2018-06-05
120. SPDR GOLD TRUST   2018-04-11 2018-06-05
247. SPDR GOLD TRUST   2018-04-11 2018-07-10
42. SPDR GOLD TRUST   2018-04-23 2018-07-10
57. SPDR GOLD TRUST   2018-06-12 2018-07-10
1260. SPDR GOLD TRUST   2018-04-11 2018-07-10
120. SPDR GOLD TRUST   2018-04-11 2018-07-10
247. SPDR GOLD TRUST   2018-04-11 2018-08-08
1260. SPDR GOLD TRUST   2018-04-11 2018-08-08
57. SPDR GOLD TRUST   2018-06-12 2018-08-08
42. SPDR GOLD TRUST   2018-04-23 2018-08-08
120. SPDR GOLD TRUST   2018-04-11 2018-08-08
247. SPDR GOLD TRUST   2018-04-11 2018-09-11
42. SPDR GOLD TRUST   2018-04-23 2018-09-11
57. SPDR GOLD TRUST   2018-06-12 2018-09-11
1260. SPDR GOLD TRUST   2018-04-11 2018-09-11
120. SPDR GOLD TRUST   2018-04-11 2018-09-11
247. SPDR GOLD TRUST   2018-04-11 2018-10-09
120. SPDR GOLD TRUST   2018-04-11 2018-10-12
1260. SPDR GOLD TRUST   2018-04-11 2018-10-12
57. SPDR GOLD TRUST   2018-06-12 2018-10-12
42. SPDR GOLD TRUST   2018-04-23 2018-10-12
42. SPDR GOLD TRUST   2018-04-23 2018-11-13
57. SPDR GOLD TRUST   2018-06-12 2018-11-13
1260. SPDR GOLD TRUST   2018-04-11 2018-11-13
120. SPDR GOLD TRUST   2018-04-11 2018-11-13
120. SPDR GOLD TRUST   2018-04-11 2018-12-04
1260. SPDR GOLD TRUST   2018-04-11 2018-12-07
57. SPDR GOLD TRUST   2018-06-12 2018-12-07
42. SPDR GOLD TRUST   2018-04-23 2018-12-07
167. SPDR S&P 600 SMALL CAP   2016-12-13 2018-04-11
193. SPDR S&P 600 SMALL CAP   2017-01-10 2018-04-11
178. SPDR S&P 600 SMALL CAP   2017-12-13 2018-04-11
614. SPDR S&P 600 SMALL   2016-12-13 2018-04-11
19. SPDR S&P 600 SMALL   2016-12-26 2018-04-11
17. SPDR S&P 600 SMALL   2017-05-09 2018-04-11
323. SPDR S&P 600 SMALL   2017-12-13 2018-04-11
339. SPDR BLACKSTONE GSO   2015-11-19 2018-04-11
8. SPDR BLACKSTONE GSO   2016-11-10 2018-04-11
1604. SPDR BLACKSTONE GSO   2016-12-13 2018-04-11
2044. SPDR BLACKSTONE GSO   2017-01-10 2018-04-11
161. SPDR BLACKSTONE GSO   2017-05-09 2018-04-11
26. SPDR BLACKSTONE GSO   2017-07-11 2018-04-11
187. SPDR BLACKSTONE GSO   2017-10-10 2018-04-11
101. SPDR BLACKSTONE GSO   2017-12-13 2018-04-11
2733. SPDR RUSSELL 1000   2017-01-10 2018-04-11
6. SPDR RUSSELL 1000   2017-07-11 2018-04-11
54. SIMON PPTY GROUP INC NEW   2018-05-01 2018-10-09
18. SIMON PPTY GROUP INC NEW   2018-09-11 2018-10-09
2. SYSCO CORP   2018-05-01 2018-06-12
10. TARGET CORP   2018-04-11 2018-06-12
110. TARGET CORP   2018-04-11 2018-10-09
4. TARGET CORP   2018-04-23 2018-10-09
15. TEXAS INSTRUMENTS INC   2018-04-11 2018-06-12
113. TEXAS INSTRUMENTS INC   2018-04-11 2018-10-25
4. TEXAS INSTRUMENTS INC   2018-04-23 2018-10-25
68. TEXAS INSTRUMENTS INC   2018-10-09 2018-10-25
4. THERMO FISHER SCIENTIFIC INC   2018-10-09 2018-12-04
11. TORONTO-DOMINION BANK (NEW)   2018-04-11 2018-06-12
302. TORONTO-DOMINION BANK (NEW)   2018-04-11 2018-10-09
6. TORONTO-DOMINION BANK (NEW)   2018-04-23 2018-10-09
4. TRANSCANADA CORP   2018-04-11 2018-04-23
204. TRANSCANADA CORP   2018-04-11 2018-05-23
2. UNITED TECHNOLOGIES CORP   2018-04-11 2018-06-12
38. UNITED TECHNOLOGIES CORP   2018-04-11 2018-08-22
67. UNITED TECHNOLOGIES CORP   2018-04-11 2018-10-09
2. VERIZON COMMUNICATIONS INC   2018-04-11 2018-04-23
228. VERIZON COMMUNICATIONS INC   2018-04-11 2018-10-09
2. VISA INC CL A SHRS   2018-10-09 2018-12-04
6. VODAFONE GROUP PLC SHS   2018-04-11 2018-04-23
366. VODAFONE GROUP PLC SHS   2018-04-11 2018-08-31
74. VODAFONE GROUP PLC SHS   2018-06-12 2018-08-31
7. WALMART INC   2018-10-09 2018-12-04
187. WELLS FARGO & CO NEW   2018-08-22 2018-10-09
92. WESTERN ASSET CORE PLUS   2018-04-11 2018-10-09
.54 WESTERN ASSET CORE PLUS   2018-04-11 2018-10-09
.34 WESTERN ASSET CORE PLUS   2018-06-12 2018-10-09
.36 WESTERN ASSET CORE PLUS   2018-04-11 2018-12-04
1712. WESTERN ASSET CORE PLUS   2018-04-11 2018-12-04
4. MEDTRONIC PLC SHS   2018-10-09 2018-12-04
2. CHUBB LTD   2018-10-09 2018-12-04
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,429   10,983 -554
b 168   174 -6
c 268   274 -6
d 397   375 22
e 4,219   4,124 95
6,527   6,467 60
166   161 5
11,101   10,774 327
68   68  
11,702   10,902 800
1,090   946 144
1,965   1,767 198
184   173 11
10,106   8,480 1,626
1,174   1,115 59
36   37 -1
4,312   4,452 -140
11,415   10,876 539
460   426 34
8,330   8,794 -464
3,867   4,157 -290
2   2  
5   5  
2,384   2,373 11
202,718   201,025 1,693
1   1  
8,181   8,189 -8
1   1  
740   661 79
3,796   3,634 162
10,005   8,590 1,415
330   320 10
12,184   12,851 -667
849   872 -23
576   554 22
16,514   14,830 1,684
475   436 39
13,937   13,190 747
93   89 4
14   14  
110   108 2
14,596   14,441 155
7,945   7,730 215
427   423 4
14   14  
98,593   95,514 3,079
9   9  
55   53 2
1   1  
7   7  
520   520  
5   5  
6   6  
11,296   11,662 -366
4   4  
30,145   31,681 -1,536
682   669 13
11,528   10,886 642
4,656   4,368 288
443   412 31
427   427  
652   629 23
13,161   12,432 729
442   407 35
422   405 17
293   270 23
11,676   10,317 1,359
9,444   8,695 749
262   241 21
9,334   8,801 533
13,116   15,989 -2,873
380   434 -54
1,027   901 126
4,884   5,678 -794
168   190 -22
2   2  
6,724   6,879 -155
5   5  
299   291 8
11,535   12,870 -1,335
218   247 -29
7,722   8,667 -945
414   447 -33
490   462 28
9,664   10,514 -850
12,510   13,185 -675
736   726 10
147   147  
6,982   5,964 1,018
444,310   419,775 24,535
132,535   124,171 8,364
3,643   3,383 260
3,602   3,271 331
7,584   5,582 2,002
227,817   152,738 75,079
1,060   709 351
62,517   56,032 6,485
144,282   138,790 5,492
931   920 11
5,715   5,215 500
711   705 6
5,999   5,460 539
1,335   1,233 102
76,771   76,263 508
10,540   10,999 -459
4,487   4,676 -189
14,610   15,316 -706
209   219 -10
939   978 -39
119,805   122,764 -2,959
77,018   78,708 -1,690
4,174   4,259 -85
939   959 -20
9,497   9,730 -233
5,531   5,654 -123
37,810   38,518 -708
10,263   10,478 -215
108   112 -4
1,728   1,782 -54
173,603   176,446 -2,843
8,102   8,274 -172
540   553 -13
10,047   10,299 -252
47,641   48,554 -913
144,386   144,791 -405
3,156   3,160 -4
13,794   11,368 2,426
3,281   2,691 590
399,712   328,473 71,239
16,708   15,162 1,546
1,203   1,095 108
36,623   35,450 1,173
55,001   41,523 13,478
13,204   11,688 1,516
1,377   1,335 42
6,666   6,656 10
3,980   4,308 -328
8,199   8,742 -543
8,513   9,244 -731
166   164 2
11,238   10,792 446
341   318 23
478   450 28
248   225 23
10,400   8,093 2,307
4,117   3,768 349
219   224 -5
1,740   1,530 210
912   864 48
8,888   8,776 112
3,252   3,540 -288
221   215 6
13,647   10,760 2,887
364   290 74
773   696 77
10,882   13,180 -2,298
35,526   36,099 -573
2,680   2,727 -47
372   379 -7
2,884   2,960 -76
201,198   182,745 18,453
874   881 -7
12,310   13,140 -830
605   601 4
4   5 -1
465   622 -157
584   562 22
17,082   17,007 75
71   73 -2
2   2  
10   11 -1
52   54 -2
5   5  
11   11  
54   57 -3
2   2  
5   5  
10   11 -1
2   2  
2   2  
52   56 -4
5   5  
10   11 -1
51   57 -6
2   2  
2   2  
5   5  
10   11 -1
2   2  
2   3 -1
51   58 -7
5   6 -1
27,753   31,721 -3,968
4   5 -1
47   52 -5
2   2  
2   2  
2   2  
2   2  
48   54 -6
5   5  
14,047   15,401 -1,354
48   52 -4
2   2  
2   2  
39,330   35,060 4,270
45,453   40,250 5,203
41,921   41,869 52
77,012   74,957 2,055
2,383   2,274 109
2,132   2,013 119
40,513   42,006 -1,493
16,037   15,941 96
378   376 2
75,878   76,186 -308
96,692   97,192 -500
7,616   7,638 -22
1,230   1,231 -1
8,846   8,856 -10
4,778   4,770 8
197,019   179,913 17,106
433   416 17
9,427   8,607 820
3,142   3,326 -184
132   126 6
788   731 57
9,422   8,041 1,381
343   283 60
1,729   1,534 195
10,371   11,557 -1,186
367   397 -30
6,241   6,959 -718
983   960 23
639   617 22
17,834   16,944 890
354   330 24
173   169 4
8,605   8,614 -9
256   245 11
5,095   4,660 435
9,138   8,217 921
97   95 2
12,512   10,870 1,642
279   284 -5
181   177 4
7,905   10,808 -2,903
1,598   1,873 -275
673   678 -5
10,046   11,075 -1,029
1,022   1,066 -44
6   6  
4   4  
4   4  
18,918   19,842 -924
387   385 2
266   273 -7
      4,543
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       -554
b       -6
c       -6
d       22
e       95
      60
      5
      327
       
      800
      144
      198
      11
      1,626
      59
      -1
      -140
      539
      34
      -464
      -290
       
       
      11
      1,693
       
      -8
       
      79
      162
      1,415
      10
      -667
      -23
      22
      1,684
      39
      747
      4
       
      2
      155
      215
      4
       
      3,079
       
      2
       
       
       
       
       
      -366
       
      -1,536
      13
      642
      288
      31
       
      23
      729
      35
      17
      23
      1,359
      749
      21
      533
      -2,873
      -54
      126
      -794
      -22
       
      -155
       
      8
      -1,335
      -29
      -945
      -33
      28
      -850
      -675
      10
       
      1,018
      24,535
      8,364
      260
      331
      2,002
      75,079
      351
      6,485
      5,492
      11
      500
      6
      539
      102
      508
      -459
      -189
      -706
      -10
      -39
      -2,959
      -1,690
      -85
      -20
      -233
      -123
      -708
      -215
      -4
      -54
      -2,843
      -172
      -13
      -252
      -913
      -405
      -4
      2,426
      590
      71,239
      1,546
      108
      1,173
      13,478
      1,516
      42
      10
      -328
      -543
      -731
      2
      446
      23
      28
      23
      2,307
      349
      -5
      210
      48
      112
      -288
      6
      2,887
      74
      77
      -2,298
      -573
      -47
      -7
      -76
      18,453
      -7
      -830
      4
      -1
      -157
      22
      75
      -2
       
      -1
      -2
       
       
      -3
       
       
      -1
       
       
      -4
       
      -1
      -6
       
       
       
      -1
       
      -1
      -7
      -1
      -3,968
      -1
      -5
       
       
       
       
      -6
       
      -1,354
      -4
       
       
      4,270
      5,203
      52
      2,055
      109
      119
      -1,493
      96
      2
      -308
      -500
      -22
      -1
      -10
      8
      17,106
      17
      820
      -184
      6
      57
      1,381
      60
      195
      -1,186
      -30
      -718
      23
      22
      890
      24
      4
      -9
      11
      435
      921
      2
      1,642
      -5
      4
      -2,903
      -275
      -5
      -1,029
      -44
       
       
       
      -924
      2
      -7
       
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 2 255,980
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 167,225 4,011,544 0.041686
2016 98,175 1,078,162 0.091058
2015 199,478 1,031,527 0.193381
2014 243,815 1,133,584 0.215083
2013 179,318 926,695 0.193503
2
Total of line 1, column (d) .....................
2
0.734711
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
0.146942
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
4,084,905
5
Multiply line 4 by line 3......................
5
600,244
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,354
7
Add lines 5 and 6........................
7
603,598
8
Enter qualifying distributions from Part XII, line 4,.............
8
155,562
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 6,708
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 6,708
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 6,708
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 7,692
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 7,692
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 10 984
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet984 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBANK OF AMERICA Telephone no.bullet (609) 274-6834

    Located atbullet1300 AMERICAN BOULEVARDPENNINGTONNJ ZIP+4bullet08534
    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
    JOE HERRING PRESIDENT
    1     		0    
    20 W GASTON ST
    SAVANNAH,GA31401
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    3,992,918
    b
    Average of monthly cash balances.......................
    1b
    154,194
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,147,112
    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
    4,147,112
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    62,207
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,084,905
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    204,245
    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
    204,245
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    6,708
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,708
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    197,537
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    197,537
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    197,537
    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
    155,562
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    155,562
    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
    155,562
    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 7 197,537
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 151,535
    b From 2014...... 188,856
    c From 2015...... 149,296
    d From 2016...... 54,523
    e From 2017...... 0
    fTotal of lines 3a through e........ 544,210
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 155,562
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 155,562
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 41,975 41,975
    (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 5 502,235
    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) ...     		109,560
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		392,675
    10 Analysis of line 9:
    a Excess from 2014.... 188,856
    b Excess from 2015.... 149,296
    c Excess from 2016.... 54,523
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    JOE HERRING
    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 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)
    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
    TELFAIR MUSEUM OF ART INC
    121 BARNARD ST
    SAVANNAH,GA31401     		N/A PC TELFAIR MONTERAY SQUARE 1,929
    TELFAIR MUSEUM OF ART INC
    121 BARNARD ST
    SAVANNAH,GA31401     		N/A PC DIRECTOR'S CIRCLE - STEWARD 2,500
    AMERICAN CANCER SOCIETY
    4849 PAULSEN ST STE 102
    SAVANNAH,GA31405     		N/A PC UNRESTRICTED GENERAL 15,000
    NATIONAL SOCIETY OF COLONIAL DAMES
    OF AMERICA
    329 ABERCORN ST
    SAVANNAH,GA31401     		N/A PC UNRESTRICTED GENERAL 5,000
    SAVANNAH PHILHARMONIC CORPORATION
    PO BOX 11323
    SAVANNAH,GA31412     		N/A PC 10TH ANNIVERSARY GALA 20,000
    TELFAIR MUSEUM OF ART INC
    121 BARNARD ST
    SAVANNAH,GA31401     		N/A PC TELFAIR GALA 20,000
    UNITED WAY OF THE COASTAL EMPIRE INC
    428 BULL STREET
    SAVANNAH,GA31403     		N/A PC UNRESTRICTED GENERAL 30,000
    UNITED MINISTRIES OF SAVANNAH
    18 ABERCORN STREET
    SAVANNAH,GA31401     		N/A PC UNRESTRICTED GENERAL 1,200
    CHRIST CHURCH EPISCOPAL
    18 ABERCORN STREET
    SAVANNAH,GA31401     		N/A PC UNRESTRICTED GENERAL 50,000
    Total .................................bullet 3a 145,629
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 93,701  
    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 ............     		    18 255,980  
    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)..   349,681  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    349,681
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    JOE HERRING FAMILY FOUNDATION
    EIN:
    27-3785024
    Name of Stock End of Year Book Value End of Year Fair Market Value
    023135106 AMAZON COM INC 13,063 10,510
    172967424 CITIGROUP INC COM NE 20,820 15,202
    49271V100 KEURIG DR PEPPER INC 10,074 9,923
    74340W103 PROLOGIS INC 10,218 8,984
    G5960L103 MEDTRONIC PLC SHS 10,381 9,824
    037833100 APPLE COMPUTER INC C 25,181 18,298
    43300A203 HILTON WORLDWIDE 12,721 12,206
    92826C839 VISA INC CL A SHRS 18,481 17,152
    254687106 DISNEY (WALT) COMPAN 15,786 14,912
    02079K305 ALPHABET INC SHS 10,489 10,450
    053015103 AUTOMATIC DATA PROCE 16,010 14,030
    22160K105 COSTCO WHSL CORP NEW 15,392 14,056
    824348106 SHERWIN-WILLIAMS COM 15,894 14,558
    883556102 THERMO ELECTRON CORP 17,762 16,560
    036752103 ANTHEM INC 15,047 14,182
    14040H105 CAPITAL ONE FINL COR 11,542 9,146
    65339F101 NEXTERA ENERGY INC S 11,964 11,994
    437076102 HOME DEPOT INC USD 0 22,880 20,103
    438516106 HONEYWELL INTL INC 22,276 18,893
    444859102 HUMANA INC COM 16,135 13,751
    539830109 LOCKHEED MARTIN CORP 23,799 18,591
    594918104 MICROSOFT CORP COM 21,180 19,197
    89151E109 TOTAL FINA ELF S.A. 17,533 14,506
    09247X101 BLACKROCK INC CL A 11,475 9,821
    46625H100 J P MORGAN CHASE & C 16,154 14,057
    595017104 MICROCHIP TECHNOLOGY 9,178 9,925
    871829107 SYSCO CORP 15,420 14,600
    907818108 UNION PACIFIC CORP 16,474 13,961
    H1467J104 CHUBB LTD 18,694 17,698
    235851102 DANAHER CORP COMMON 13,025 12,581
    26078J100 DOWDUPONT INC COM 16,761 14,547
    867914103 SUNTRUST BANKS INC 14,508 11,046
    03027X100 AMERICAN TOWER REIT 11,630 12,497
    931142103 WAL MART STORES INC 18,203 17,512
    BEGBALANCE    

    TY 2018 InvestmentsOtherSchedule2
    Name:
    JOE HERRING FAMILY FOUNDATION
    EIN:
    27-3785024
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    464287614 ISHARES RUSSELL 1000 AT COST 345,859 331,595
    464287879 ISHARES S&P SMALL-CA AT COST 82,795 71,331
    78463V107 SPDR GOLD TRUST AT COST 174,384 164,779
    464288653 ISHARES 10-20 YEAR T AT COST 39,451 40,454
    957663503 WESTERN ASSET CORE P AT COST 500,144 485,181
    00770G847 JOHCM INTERNATIONAL AT COST 352,663 295,089
    19248X307 COHEN & STEERS PREFE AT COST 83,942 78,466
    38145N220 GOLDMAN SACHS ABSOLU AT COST 221,774 207,415
    464287598 ISHARES RUSSELL 1000 AT COST 688,455 652,308
    46432F842 ISHARES CORE MSCI EA AT COST 351,494 299,915
    46434G103 ISHARES CORE MSCI EM AT COST 217,312 226,697
    09257V201 BLACKSTONE ALT MULTI AT COST 218,511 212,063

    TY 2018 LegalFeesSchedule
    Name:
    JOE HERRING FAMILY FOUNDATION
    EIN:
    27-3785024
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 837     837


    TY 2018 OtherDecreasesSchedule
    Name:
    JOE HERRING FAMILY FOUNDATION
    EIN:
    27-3785024
    Description Amount
    TIMING DIFFERENCE 1,986


    TY 2018 OtherExpensesSchedule
    Name:
    JOE HERRING FAMILY FOUNDATION
    EIN:
    27-3785024
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER INVESTMENT FEE 30 30   0
    INVSTMT EXPENSE 515 515   0
    OTHER EXPENSE (NON-DEDUCTIBLE 10 10   0
    OTHER CHARITABLE EXPENSES 1,678 0   1,678


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    JOE HERRING FAMILY FOUNDATION
    EIN:
    27-3785024
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 18,544 11,127   7,418


    TY 2018 TaxesSchedule
    Name:
    JOE HERRING FAMILY FOUNDATION
    EIN:
    27-3785024
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,776 1,776   0
    EXCISE TAX - PRIOR YEAR 1,272 0   0
    EXCISE TAX ESTIMATES 7,692 0   0
    FOREIGN TAXES ON NONQUALIFIED 376 376   0