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
PUTNAM FOUNDATION TRUST XXXXX7002
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

13-6037083
B Telephone number (see instructions)

(800) 496-2583
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$13,275,111J 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... 295,794 294,428  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,610,084
b Gross sales price for all assets on line 6a 9,352,537
7 Capital gain net income (from Part IV, line 2)... 1,610,084
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........ 1,905,878 1,904,512  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 119,354 71,612   47,742
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 15,701 15,701   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,768 5,827   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 100 100    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 155,923 93,240 0 47,742
25 Contributions, gifts, grants paid....... 695,309 695,309
26 Total expenses and disbursements. Add lines 24 and 25 851,232 93,240 0 743,051
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,054,646
b Net investment income (if negative, enter -0-) 1,811,272
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............. 59,298 111,838 111,838
2 Savings and temporary cash investments......... 541,412 84,203 84,203
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)....... 7,201,170 Click to see attachment6,762,849 7,600,132
c Investments—corporate bonds (attach schedule)....... 1,687,852 Click to see attachment4,048,384 4,006,082
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,685,650 Click to see attachment1,215,299 1,472,856
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) 11,175,382 12,222,573 13,275,111
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........ 11,175,382 12,222,573
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)..... 11,175,382 12,222,573
31 Total liabilities and net assets/fund balances (see instructions). 11,175,382 12,222,573
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
11,175,382
2
Enter amount from Part I, line 27a .....................
2
1,054,646
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
12,831
4
Add lines 1, 2, and 3 ..........................
4
12,242,859
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
20,286
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
12,222,573
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 80. BROADCOM LTD   2013-10-21 2018-01-04
b 100. NIELSEN HOLDINGS PLC     2018-01-05
c 135. NIELSEN HOLDINGS PLC     2018-01-09
d 30. VERISIGN INC   2013-02-13 2018-01-12
e 100. UNILEVER PLC   2014-03-27 2018-01-17
40. PROCTER & GAMBLE CO   2015-02-13 2018-01-18
45. UNILEVER PLC   2014-03-27 2018-01-18
30. BOEING CO     2018-01-19
5. CONOCOPHILLIPS   2016-08-30 2018-01-19
95. MONSANTO CO NEW     2018-01-19
65. TEXAS INSTRS INC   2013-03-22 2018-01-19
85. ANALOG DEVICES INC     2018-01-23
120. JUNO THERAPEUTICS INC     2018-01-29
105. EXXON MOBIL CORP   2015-09-25 2018-01-30
300. CERNER CORP     2018-02-05
189.29 BLACKSTONE PARTNERS OFFSHORE FUND LTD. CLASS H2 - NEW ISSUES   2011-03-28 2018-02-06
200. CERNER CORP     2018-02-06
110. MONSANTO CO NEW   2010-05-28 2018-02-06
90. PG & E CORP   2017-11-16 2018-02-08
9442.688 MFS EMERGING MKTS DEBT FD R6   2016-07-14 2018-02-12
34942.816 NB HIGH INCOME BOND-R6     2018-02-12
27360.989 JPMORGAN CORE BOND FUND ULTRA     2018-02-14
5490.58 VANGUARD TOTAL INTL BND-ADM   2017-04-12 2018-02-16
.078 BLACKSTONE PARTNERS OFFSHORE FUND LTD. CLASS H2 - NEW ISSUES   2011-03-28 2018-02-20
30. CERNER CORP   2009-03-05 2018-02-21
85. JUNO THERAPEUTICS INC   2017-10-19 2018-02-21
100. XILINX INC   2015-12-04 2018-03-27
90. MICRO FOCUS INTL - SPN ADR   2018-01-25 2018-03-28
100. MICRO FOCUS INTL - SPN ADR   2018-01-25 2018-03-28
130. NORWEGIAN CRUISE LINE HOLDIN     2018-03-29
100. DOLLAR GENERAL CORP     2018-04-03
100. DOLLAR GENERAL CORP     2018-04-06
5. DOLLAR GENERAL CORP   2016-10-18 2018-04-10
60. XILINX INC     2018-04-11
105. CARNIVAL CORPORATION   2011-08-10 2018-04-12
145. DOLLAR GENERAL CORP   2016-10-18 2018-04-12
100. CANADIAN NATL RY CO     2018-04-13
15. CANADIAN NATL RY CO   2016-11-10 2018-04-13
2357.651 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070   2014-12-23 2018-04-16
98. HEXCEL CORP     2018-04-17
100. NORWEGIAN CRUISE LINE HOLDIN     2018-04-17
35. NORWEGIAN CRUISE LINE HOLDIN   2014-03-11 2018-04-18
200. ENBRIDGE INC     2018-04-19
35. ENBRIDGE INC   2016-10-20 2018-04-20
80. DIGITAL RLTY TR INC     2018-04-24
100. ENBRIDGE INC     2018-04-25
110. PROCTER & GAMBLE CO     2018-04-25
200. ENBRIDGE INC     2018-04-26
10. ENBRIDGE INC   2017-07-17 2018-04-26
90. ENBRIDGE INC   2016-04-18 2018-04-26
100. ENBRIDGE INC   2017-07-17 2018-04-27
200. ENBRIDGE INC     2018-04-27
2644.061 ARTISAN INTL VALUE FD-INS   2011-02-07 2018-04-30
9790.825 DODGE & INTERNATIONAL STOCK FUND     2018-04-30
275. ENBRIDGE INC     2018-04-30
25. ENBRIDGE INC   2016-04-11 2018-04-30
11508.767 FIDELITY INTERNATIONAL INDEX FUND     2018-04-30
4664.96 FIDELITY 500 INDEX FD-AI     2018-04-30
27004.796 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070     2018-04-30
30314.211 JPM US L/C CORE PL FD - USD - R6 ISIN US48129C6030   2009-03-13 2018-04-30
8701.209 JPMORGAN CORE BOND FUND ULTRA   2013-08-16 2018-04-30
100. ENBRIDGE INC   2016-01-11 2018-05-01
215. YUM CHINA HOLDINGS INC     2018-06-01
70. DIGITAL RLTY TR INC   2018-01-04 2018-06-12
. DANONE SPONSORED ADR     2018-06-14
14572.2 ISHARES MSCI EAFEINTL INDEX FD CL K     2018-06-19
340. ROCHE HLDG LTD SPONS ADR     2018-06-20
100. STARBUCKS CORP   2016-10-17 2018-07-05
65. C.H ROBINSON WORLDWIDE INC   2016-11-22 2018-07-06
37. HUMANA INC     2018-07-06
100. STARBUCKS CORP   2016-10-17 2018-07-06
105. STARBUCKS CORP     2018-07-09
. AMERICAN INTL GROUP INC     2018-07-19
13304.779 BROWN ADV JAPAN ALPHA OPP-IS   2014-03-12 2018-07-19
12752.198 BROWN ADV JAPAN ALPHA OPP-IS     2018-07-19
246.905 BLACKSTONE PARTNERS OFFSHORE FUND LTD. CLASS H2 - NEW ISSUES   2011-03-28 2018-08-03
43024.351 VANGUARD TOTAL BOND MARKET INDEX FUND-ADM   2018-04-30 2018-08-06
100. NEWELL RUBBERMAID INC   2013-01-10 2018-08-08
200. NEWELL RUBBERMAID INC     2018-08-09
100. NEWELL RUBBERMAID INC     2018-08-09
595. NEWELL RUBBERMAID INC     2018-08-14
100. EATON CORP PLC     2018-08-14
7259.581 ISHARES MSCI EAFEINTL INDEX FD CL K   2017-06-29 2018-08-16
110. OCCIDENTAL PETE CORP     2018-08-16
150. STARBUCKS CORP     2018-08-16
20. EATON CORP PLC   2012-12-04 2018-08-16
15. BOEING CO     2018-08-29
3108.606 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070     2018-08-29
35. PROCTER & GAMBLE CO     2018-08-29
105. QUALCOMM INC   2018-02-27 2018-08-29
20. J P MORGAN CHASE & CO   2016-10-19 2018-09-13
4263.891 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070   2013-06-20 2018-09-19
100. IRON MOUNTAIN INC     2018-09-25
70. IRON MOUNTAIN INC   2008-10-20 2018-09-26
1872. VANGUARD BD INDEX FD INC   2018-06-19 2018-10-01
45. INCYTE GENOMICS INC   2017-11-27 2018-10-17
151. INCYTE GENOMICS INC     2018-10-17
100. INCYTE GENOMICS INC     2018-10-17
55. BLUEBIRD BIO INC   2018-02-05 2018-10-18
65. BRITISH AMERN TOB PLC SPONSORED ADR   2018-04-23 2018-10-18
100. BRITISH AMERN TOB PLC SPONSORED ADR   2017-03-09 2018-10-18
100. STATE STR CORP   2018-02-02 2018-10-18
42. ACTIVISION BLIZZARD INC   2018-02-28 2018-10-24
93. AIRBUS SE ADR     2018-10-24
17. AMAZON COM INC     2018-10-24
91. APPLE COMPUTER INC     2018-10-24
281. ASTRAZENECA PLC SPONS ADR     2018-10-24
61. BANK OF NEW YORK MELLON CORP   2017-07-21 2018-10-24
20. BOEING CO   2009-11-02 2018-10-24
14. BROADCOM INC   2018-04-19 2018-10-24
109. CME GROUP INC     2018-10-24
104. CSX CORP     2018-10-24
20. CHARTER COMMUNICATIONS INC-A   2015-04-16 2018-10-24
66. CHEVRON CORP     2018-10-24
107. CONOCOPHILLIPS   2016-08-30 2018-10-24
40. CROWN CASTLE INTL CORP   2017-04-26 2018-10-24
26. DEERE & CO   2018-01-17 2018-10-24
48. DIAGEO PLC SPONSORED ADR NEW   2015-06-23 2018-10-24
50. EOG RESOURCES INC     2018-10-24
165. ENBRIDGE INC   2018-06-29 2018-10-24
46. EXPRESS SCRIPTS HOLDING CO   2011-12-07 2018-10-24
22. GLOBAL PMTS INC   2017-06-29 2018-10-24
186. HP INC   2016-01-13 2018-10-24
35. HELMERICH & PAYNE INC   2018-01-05 2018-10-24
198. HENRY JACK & ASSOC INC     2018-10-24
30. HUMANA INC   2017-02-14 2018-10-24
37. IDEX CORP   2014-04-04 2018-10-24
40. INTERCONTINENTALEXCHANGE GROUP, INC   2017-03-21 2018-10-24
142. J P MORGAN CHASE & CO     2018-10-24
35. LILLY ELI & CO   2017-12-12 2018-10-24
80. MARSH & MCLENNAN COS INC     2018-10-24
63. MERCK & CO INC     2018-10-24
158. MICROSOFT CORP     2018-10-24
55. MONDELEZ INTERNATIONAL-W/I   2018-02-21 2018-10-24
45. NIKE INC   2017-07-27 2018-10-24
28. NORFOLK SOUTHN CORP     2018-10-24
15. NORTHROP GRUMMAN CORP   2018-09-13 2018-10-24
13. NORTHROP GRUMMAN CORP   2017-09-27 2018-10-24
107. PROCTER & GAMBLE CO     2018-10-24
40. QUALCOMM INC   2018-02-27 2018-10-24
37. QUALCOMM INC     2018-10-24
88. SEATTLE GENETICS INC   2017-03-07 2018-10-24
27. SEMPRA ENERGY   2016-10-17 2018-10-24
45. STARBUCKS CORP   2012-11-28 2018-10-24
14. TRANSDIGM GROUP INC     2018-10-24
43. UNITEDHEALTH GROUP INC     2018-10-24
115. VISA INC CLASS A SHARES   2016-10-17 2018-10-24
222. WASTE CONNECTIONS INC   2016-06-01 2018-10-24
45. WASTE MGMT INC DEL   2015-10-21 2018-10-24
26. AON PLC   2014-04-01 2018-10-24
15. ACCENTURE PLC   2018-01-18 2018-10-24
34. MEDTRONIC PLC     2018-10-24
25. CHUBB LTD   2018-05-16 2018-10-24
16. ASML HOLDING NV-NY REG SHS   2016-12-13 2018-10-24
13885.592 AMG MG PICTET INTL-Z   2016-01-21 2018-10-25
4594.944 ARTISAN INTL VALUE FD-INS   2011-02-07 2018-10-25
52551.783 ISHARES MSCI EAFEINTL INDEX FD CL K     2018-10-25
3747.601 DODGE & INTERNATIONAL STOCK FUND     2018-10-25
6580.52 DODGE & COX INCOME FUND   2017-11-17 2018-10-25
8587.471 DOUBLELINE TOTL RET BND-I   2012-02-15 2018-10-25
24908.464 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070   2013-06-20 2018-10-25
4970.236 LORD ABBETT SHRT DUR INC-F3   2018-08-06 2018-10-25
14807.693 PIMCO SHORT TERM FUND INSTL   2018-08-06 2018-10-25
5245.247 VANGUARD TOTAL BOND MARKET INDEX FUND-ADM   2018-04-30 2018-10-25
2110.687 VANGUARD TOTAL INTL BND-ADM   2018-04-30 2018-10-25
115. PRAXAIR INC     2018-10-31
80. C.H ROBINSON WORLDWIDE INC     2018-11-01
. AVON PRODS INC     2018-11-08
115. HALLIBURTON CO   2010-05-21 2018-11-20
45. WYNN RESORTS LTD   2018-07-18 2018-11-21
125. EDISON INTL     2018-11-27
45. STATE STR CORP     2018-12-07
155. STEEL DYNAMICS INC COM     2018-12-07
75. CIMAREX ENERGY CO   2018-06-20 2018-12-10
24. DEERE & CO   2018-01-17 2018-12-12
26. DEERE & CO   2017-02-16 2018-12-12
6151.247 DODGE & COX INCOME FUND   2018-04-30 2018-12-19
3973.243 DODGE & COX INCOME FUND   2017-11-17 2018-12-19
32704.59 LORD ABBETT SHRT DUR INC-F3   2018-08-06 2018-12-19
154. EXPRESS SCRIPTS HOLDING CO     2018-12-24
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 21,706   3,258 18,448
b 3,592   2,615 977
c 4,903   3,440 1,463
d 3,385   1,367 2,018
e 5,604   4,149 1,455
3,602   3,441 161
2,483   1,867 616
10,143   2,996 7,147
298   212 86
11,418   5,941 5,477
7,552   2,247 5,305
8,164   5,006 3,158
10,263   6,590 3,673
9,130   7,675 1,455
19,627   11,830 7,797
299,876   204,076 95,800
12,698   2,098 10,600
13,117   5,600 7,517
3,471   4,970 -1,499
139,091   141,829 -2,738
298,761   280,170 18,591
310,000   319,415 -9,415
118,432   119,310 -878
124   84 40
1,928   267 1,661
7,361   3,634 3,727
7,469   4,905 2,564
1,254   2,788 -1,534
1,394   3,098 -1,704
6,910   4,600 2,310
9,383   8,428 955
9,486   6,939 2,547
480   345 135
4,093   2,855 1,238
6,725   3,152 3,573
14,068   9,998 4,070
7,438   6,529 909
1,113   974 139
53,000   43,640 9,360
6,422   4,014 2,408
5,407   3,310 2,097
1,950   1,156 794
6,386   9,368 -2,982
1,099   1,541 -442
8,120   9,721 -1,601
2,931   4,399 -1,468
7,954   8,771 -817
5,896   8,668 -2,772
294   409 -115
2,650   3,700 -1,050
2,960   4,085 -1,125
5,919   7,914 -1,995
100,474   73,955 26,519
450,280   356,294 93,986
8,311   10,462 -2,151
756   982 -226
500,286   499,578 708
431,929   441,447 -9,518
602,747   454,271 148,476
900,938   362,075 538,863
97,976   100,585 -2,609
3,053   3,146 -93
8,504   4,978 3,526
7,610   7,921 -311
4     4
202,699   185,424 17,275
9,207   10,440 -1,233
4,860   5,282 -422
5,483   4,808 675
11,394   7,992 3,402
4,897   5,282 -385
5,229   5,203 26
34     34
141,297   130,786 10,511
135,428   147,690 -12,262
400,000   266,191 133,809
448,314   447,883 431
2,087   2,195 -108
4,229   4,382 -153
2,099   2,187 -88
12,253   12,309 -56
8,022   4,021 4,001
98,875   96,770 2,105
8,618   7,609 1,009
7,978   5,126 2,852
1,612   804 808
5,255   1,441 3,814
73,456   49,002 24,454
2,924   2,697 227
7,326   6,976 350
2,273   1,367 906
100,201   65,493 34,708
3,472   2,311 1,161
2,410   1,533 877
145,697   146,275 -578
2,928   4,413 -1,485
9,826   18,420 -8,594
6,508   7,411 -903
6,727   10,922 -4,195
2,779   3,392 -613
4,275   6,252 -1,977
8,115   10,857 -2,742
2,875   3,083 -208
2,521   1,589 932
29,075   13,612 15,463
19,929   2,607 17,322
10,759   7,767 2,992
2,787   3,267 -480
7,213   961 6,252
3,098   3,409 -311
19,788   8,169 11,619
6,866   5,977 889
6,171   4,203 1,968
7,377   6,952 425
7,184   4,533 2,651
4,298   3,718 580
3,545   4,353 -808
6,629   5,849 780
5,404   5,778 -374
5,267   5,910 -643
4,318   2,103 2,215
2,462   1,986 476
4,355   1,975 2,380
2,154   2,328 -174
29,714   6,681 23,033
9,646   6,181 3,465
4,759   2,701 2,058
2,964   2,414 550
14,757   8,122 6,635
3,791   3,023 768
6,279   3,938 2,341
4,503   4,020 483
16,446   9,030 7,416
2,286   2,405 -119
3,293   2,613 680
4,457   1,287 3,170
4,385   4,549 -164
3,800   3,732 68
9,659   8,198 1,461
2,585   2,657 -72
2,391   2,063 328
5,756   5,919 -163
3,131   2,816 315
2,628   1,141 1,487
4,581   2,871 1,710
11,321   8,414 2,907
15,713   9,460 6,253
16,246   4,678 11,568
3,941   2,411 1,530
3,823   2,199 1,624
2,335   2,415 -80
3,140   2,514 626
3,138   3,373 -235
2,593   1,674 919
136,079   116,954 19,125
155,861   128,522 27,339
671,086   673,839 -2,753
149,717   107,114 42,603
87,455   90,943 -3,488
88,623   96,094 -7,471
539,517   382,594 156,923
20,676   20,776 -100
146,448   146,300 148
53,921   54,603 -682
46,013   46,013  
18,797   14,078 4,719
7,196   5,455 1,741
84     84
3,665   3,063 602
4,788   7,384 -2,596
6,901   8,578 -1,677
2,936   4,485 -1,549
5,028   7,489 -2,461
5,435   7,105 -1,670
3,613   4,018 -405
3,914   2,829 1,085
81,504   82,734 -1,230
52,645   54,910 -2,265
135,724   136,705 -981
7,508   6 7,502
      30,082
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       18,448
b       977
c       1,463
d       2,018
e       1,455
      161
      616
      7,147
      86
      5,477
      5,305
      3,158
      3,673
      1,455
      7,797
      95,800
      10,600
      7,517
      -1,499
      -2,738
      18,591
      -9,415
      -878
      40
      1,661
      3,727
      2,564
      -1,534
      -1,704
      2,310
      955
      2,547
      135
      1,238
      3,573
      4,070
      909
      139
      9,360
      2,408
      2,097
      794
      -2,982
      -442
      -1,601
      -1,468
      -817
      -2,772
      -115
      -1,050
      -1,125
      -1,995
      26,519
      93,986
      -2,151
      -226
      708
      -9,518
      148,476
      538,863
      -2,609
      -93
      3,526
      -311
      4
      17,275
      -1,233
      -422
      675
      3,402
      -385
      26
      34
      10,511
      -12,262
      133,809
      431
      -108
      -153
      -88
      -56
      4,001
      2,105
      1,009
      2,852
      808
      3,814
      24,454
      227
      350
      906
      34,708
      1,161
      877
      -578
      -1,485
      -8,594
      -903
      -4,195
      -613
      -1,977
      -2,742
      -208
      932
      15,463
      17,322
      2,992
      -480
      6,252
      -311
      11,619
      889
      1,968
      425
      2,651
      580
      -808
      780
      -374
      -643
      2,215
      476
      2,380
      -174
      23,033
      3,465
      2,058
      550
      6,635
      768
      2,341
      483
      7,416
      -119
      680
      3,170
      -164
      68
      1,461
      -72
      328
      -163
      315
      1,487
      1,710
      2,907
      6,253
      11,568
      1,530
      1,624
      -80
      626
      -235
      919
      19,125
      27,339
      -2,753
      42,603
      -3,488
      -7,471
      156,923
      -100
      148
      -682
       
      4,719
      1,741
      84
      602
      -2,596
      -1,677
      -1,549
      -2,461
      -1,670
      -405
      1,085
      -1,230
      -2,265
      -981
      7,502
       
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 1,610,084
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 738,502 14,049,356 0.052565
2016 751,468 13,034,718 0.057651
2015 751,634 14,097,511 0.053317
2014 707,731 14,571,941 0.048568
2013 695,346 13,849,016 0.050209
2
Total of line 1, column (d) .....................
2
0.26231
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
0.052462
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
14,276,705
5
Multiply line 4 by line 3......................
5
748,984
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
18,113
7
Add lines 5 and 6........................
7
767,097
8
Enter qualifying distributions from Part XII, line 4,.............
8
743,051
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 36,225
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 36,225
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 36,225
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 10,584
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 43,800
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 54,384
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 18,159
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet18,159 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)
    bulletCA
    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 ofbulletJP MORGAN CHASE BANK NA Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JP MORGAN CHASE BANK NA TRUSTEE
    2     		119,354    
    10 S DEARBORN ST MC IL 1-0111
    CHICAGO,IL60603
    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
    14,301,404
    b
    Average of monthly cash balances.......................
    1b
    192,713
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,494,117
    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
    14,494,117
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    217,412
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,276,705
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    713,835
    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
    713,835
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    36,225
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    36,225
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    677,610
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    677,610
    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
    677,610
    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
    743,051
    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
    743,051
    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
    743,051
    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 7 677,610
    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...... 10,790
    b From 2014...... 0
    c From 2015...... 58,696
    d From 2016...... 112,180
    e From 2017...... 46,615
    fTotal of lines 3a through e........ 228,281
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 743,051
    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..... 677,610
    e Remaining amount distributed out of corpus 65,441
    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 5 293,722
    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) ...     		10,790
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		282,932
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 58,696
    c Excess from 2016.... 112,180
    d Excess from 2017.... 46,615
    e Excess from 2018.... 65,441
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    TIMKEN MUSEUM OF ART
    2550 5TH AVE STE 500
    SAN DIEGO,CA921036624     		NONE PC GENERAL 695,309
    Total .................................bullet 3a 695,309
    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....     14 295,794  
    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 1,610,084  
    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)..   1,905,878  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,905,878
    (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 InvestmentsCorpBondsSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Name of Bond End of Year Book Value End of Year Fair Market Value
    258620103 DOUBLELINE TOTL RET 358,294 347,519
    256210105 DODGE & COX INCOME F 212,249 209,250
    4812C0100 JPMORGAN CORE BOND-R    
    552746364 MFS EMERGING MKTS DE 145,644 137,692
    64128K579 NB HIGH INCOME BOND-    
    92203J308 VANGUARD TOTAL INTL 826,896 823,672
    464287176 ISHARES BARCLAYS TIP 145,879 141,706
    722005816 PIMCO INVESTMENT GRA 419,769 411,922
    921937603 VANGUARD TOTAL BOND 1,114,830 1,119,823
    921937827 VANGUARD SHORT-TERM 268,378 268,788
    54401E143 LORD ABBETT SHRT DUR 135,119 134,149
    31420B847 FEDERATED INST HI YL 145,644 136,980
    83002G108 SIX CIRCLES ULTRA SH 275,682 274,581

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Name of Stock End of Year Book Value End of Year Fair Market Value
    115233579 BROWN ADV JAPAN ALPH    
    136375102 CANADIAN NATL RAILWA    
    143658300 CARNIVAL CORP    
    156782104 CERNER CORP    
    166764100 CHEVRON CORP 16,649 22,737
    191216100 COCA-COLA CO/THE 14,605 16,099
    235851102 DANAHER CORP 5,441 21,140
    256206103 DODGE & COX INTL STO 163,435 227,722
    256677105 DOLLAR GENERAL CORP    
    375558103 GILEAD SCIENCES INC 11,598 16,576
    406216101 HALLIBURTON CO 2,539 2,658
    426281101 JACK HENRY & ASSOCIA 9,697 36,944
    428291108 HEXCEL CORP 12,435 17,890
    478160104 JOHNSON & JOHNSON 14,788 14,841
    539830109 LOCKHEED MARTIN CORP 4,804 5,237
    571748102 MARSH & MCLENNAN COS 21,834 50,641
    594918104 MICROSOFT CORP 21,451 64,192
    609207105 MONDELEZ INTERNATION 11,362 11,409
    615369105 MOODY'S CORP 13,380 17,505
    641069406 NESTLE SA-SPONS ADR 15,714 24,693
    651229106 NEWELL BRANDS, INC.,    
    654106103 NIKE INC -CL B 6,856 22,242
    655844108 NORFOLK SOUTHERN COR 2,326 8,524
    666807102 NORTHROP GRUMMAN COR 23,843 24,980
    674599105 OCCIDENTAL PETROLEUM 4,686 4,481
    718172109 PHILIP MORRIS INTERN 41,234 33,847
    741503403 PRICELINE GROUP INC/    
    742718109 PROCTER & GAMBLE CO/ 17,970 22,796
    756255204 RECKITT BENCKISER-SP 4,811 3,982
    806857108 SCHLUMBERGER LTD 40,227 23,272
    816851109 SEMPRA ENERGY 24,298 26,831
    824348106 SHERWIN-WILLIAMS CO/ 5,394 7,869
    855244109 STARBUCKS CORP 2,535 6,440
    882508104 TEXAS INSTRUMENTS IN 9,334 25,515
    893641100 TRANSDIGM GROUP INC 9,838 16,663
    896239100 TRIMBLE INCORPORATED 4,845 5,430
    904767704 UNILEVER PLC-SPONSOR    
    949746101 WELLS FARGO & CO 33,312 31,104
    983919101 XILINX INC    
    988498101 YUM! BRANDS INC 2,764 5,056
    999999999    
    02079K107 ALPHABET INC/CA-CL C 2,421 19,677
    02079K305 ALPHABET INC/CA-CL A 1,021 4,180
    03027X100 AMERICAN TOWER CORP 5,081 30,056
    09253F879 ISHARES MSCI EAFEINT 553,261 552,322
    12541W209 C.H. ROBINSON WORLDW    
    12572Q105 CME GROUP INC 16,229 53,802
    16119P108 CHARTER COMMUNICATIO 17,457 29,067
    20030N101 COMCAST CORP-CLASS A 12,868 45,287
    20825C104 CONOCOPHILLIPS 9,023 13,281
    22822V101 CROWN CASTLE INTL CO 30,540 36,391
    25243Q205 DIAGEO PLC-SPONSORED 29,297 37,152
    26875P101 EOG RESOURCES INC 15,516 19,448
    29250N105 ENBRIDGE INC 25,004 24,864
    30219G108 EXPRESS SCRIPTS HOLD    
    30231G102 EXXON MOBIL CORP    
    40434L105 HP INC 3,760 7,550
    45167R104 IDEX CORP 6,794 13,005
    45337C102 INCYTE CORP 3,241 3,180
    46284V101 IRON MOUNTAIN INC 6,761 10,566
    46625H100 JPMORGAN CHASE & CO 10,868 25,674
    61166W101 MONSANTO CO    
    74005P104 PRAXAIR INC    
    78462F103 SPDR S&P 500 ETF TRU 1,339,874 1,708,203
    90400D108 ULTRAGENYX PHARMACEU 7,339 4,565
    91324P102 UNITEDHEALTH GROUP I 20,199 53,063
    92343V104 VERIZON COMMUNICATIO 8,999 10,401
    92826C839 VISA INC-CLASS A SHA 23,446 67,289
    94106B101 WASTE CONNECTIONS IN 14,604 51,455
    94106L109 WASTE MANAGEMENT INC 5,358 8,899
    98850P109 YUM CHINA HOLDINGS I    
    G0408V102 AON PLC 7,917 20,932
    G1151C101 ACCENTURE PLC-CL A 8,580 12,691
    G29183103 EATON CORP PLC 7,383 12,016
    G5960L103 MEDTRONIC PLC 7,957 10,097
    G6518L108 NIELSEN HOLDINGS PLC    
    G66721104 NORWEGIAN CRUISE LIN    
    H1467J104 CHUBB LTD 35,528 45,859
    N07059210 ASML HOLDING NV-NY R 9,215 13,850
    Y09827109 BROADCOM LTD    
    00171C403 AMG MG PICTET INTL-Z 198,046 188,811
    00847X104 AGIOS PHARMACEUTICAL 4,847 4,842
    009279100 AIRBUS SE ADR 7,193 10,273
    023135106 AMAZON.COM INC 13,383 27,035
    032654105 ANALOG DEVICES INC 10,224 15,020
    037833100 APPLE INC 1,831 20,822
    04314H857 ARTISAN INTL VALUE F 191,220 212,275
    046353108 ASTRAZENECA PLC-SPON 4,111 5,659
    064058100 BANK OF NEW YORK MEL 25,780 25,606
    097023105 BOEING CO/THE 2,596 17,415
    110448107 BRITISH AMERICAN TOB    
    126408103 CSX CORP 27,085 31,127
    142795202 CARLSBERG AS-B-SPON 6,241 6,906
    23636T100 DANONE-SPONS ADR 6,900 6,291
    244199105 DEERE & CO 9,682 13,276
    253868103 DIGITAL REALTY TRUST    
    294429105 EQUIFAX INC 16,950 13,970
    297284200 ESSILORLUXOTTICA-UNS 10,296 9,790
    37940X102 GLOBAL PAYMENTS INC 12,304 15,057
    380237107 GODADDY INC - CLASS 11,255 15,421
    423452101 HELMERICH & PAYNE 10,973 8,869
    43300A203 HILTON WORLDWIDE HLD 16,417 17,591
    440452100 HORMEL FOODS CORP 5,746 7,896
    444859102 HUMANA INC 12,568 17,475
    446150104 HUNTINGTON BANCSHARE 19,889 16,867
    45866F104 INTERCONTINENTAL EXC 17,126 21,469
    48129C207 JPMORGAN GL RES ENH    
    48129C603 JPMORGAN US L/C CORE    
    48205A109 JUNO THERAPEUTICS IN    
    532457108 ELI LILLY & CO 13,202 17,705
    58933Y105 MERCK & CO. INC. 15,200 19,255
    69331C108 P G & E CORP    
    747525103 QUALCOMM INC 10,002 10,415
    771195104 ROCHE HOLDINGS LTD-S    
    812578102 SEATTLE GENETICS INC 19,556 19,944
    857477103 STATE STREET CORP 3,431 2,207
    891160509 TORONTO-DOMINION BAN 6,202 6,215
    92343E102 VERISIGN INC    
    002824100 ABBOTT LABORATORIES 9,337 10,850
    125523100 CIGNA CORP 6,678 7,027
    169656105 CHIPOTLE MEXICAN GRI 14,478 12,954
    285512109 ELECTRONIC ARTS INC 4,837 3,077
    315911750 FIDELITY 500 INDEX F 427,348 406,314
    458140100 INTEL CORP 7,144 7,509
    594837304 MICRO FOCUS INTL - S 7,068 7,056
    631103108 NASDAQ OMX GROUP/THE 13,692 12,236
    780259107 ROYAL DUTCH SHELL-SP 14,778 12,587
    929740108 WABTEC CORP 16,951 10,889
    00507V109 ACTIVISION BLIZZARD 22,036 16,672
    09609G100 BLUEBIRD BIO INC 2,922 2,480
    09857L108 BOOKING HOLDINGS INC 7,279 12,057
    11135F101 BROADCOM INC 7,643 27,462
    22160K105 COSTCO WHOLESALE COR 34,020 33,612
    29444U700 EQUINIX INC 18,244 15,865
    30303M102 FACEBOOK INC-A 15,361 12,060
    46641Q688 JPM BETABUILDERS DEV 138,507 140,330
    46641Q696 JPMORGAN BETABUILDER 145,729 121,708
    46641Q712 JPMORGAN BETABUILDER 575,198 521,960
    46641Q720 JPMORGAN BETABUILDER 418,442 399,496
    55354G100 MSCI INC 2,914 2,654
    64125C109 NEUROCRINE BIOSCIENC 2,884 2,856
    65339F101 NEXTERA ENERGY INC 4,539 5,215
    78486Q101 SVB FINANCIAL GROUP 28,082 20,891
    83002G306 SIX CIRCLES U.S. UNC 854,615 800,649
    83002G405 SIX CIRCLES INTERNAT 413,524 386,079
    G5494J103 LINDE PLC 18,797 17,945

    TY 2018 InvestmentsOtherSchedule2
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HFGAPBWG9 JPM ACCESS MULTI-STR AT COST 668,440 649,115
    092911965 BLACKSTONE PARTNERS AT COST 546,859 823,741

    TY 2018 OtherDecreasesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Description Amount
    COST BASIS ADJUSTMENT 2,159
    2018 TRANSACTION POSTED IN 2019 17,782
    CHANGES TO FUND BALANCES 345


    TY 2018 OtherExpensesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 100 100   0


    TY 2018 OtherIncreasesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Description Amount
    DEFERRED EARNINGS 463
    2017 TRANSACTION POSTED IN 2018 12,366
    ROUNDING 2


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 15,701 15,701    


    TY 2018 TaxesSchedule
    Name:
    PUTNAM FOUNDATION TRUST XXXXX7002
    EIN:
    13-6037083
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,288 1,288   0
    STATE INCOME TAXES 280 280   0
    FEDERAL TAX PAYMENT - PRIOR YE 4,357 0   0
    FEDERAL ESTIMATES - INCOME 10,584 0   0
    FOREIGN TAXES ON QUALIFIED FOR 4,052 4,052   0
    FOREIGN TAXES ON NONQUALIFIED 207 207   0