Form990-PF
Click to see attachment

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
THE AARON STRAUS & LILLIE STRAUS
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)2 EAST READ STREET NO 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21202
A Employer identification number

52-2040073
B Telephone number (see instructions)

(410) 539-8308
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$62,966,060J 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... 1,391,224 1,391,224  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,960,327
b Gross sales price for all assets on line 6a 1,870,366
7 Capital gain net income (from Part IV, line 2)... 5,960,327
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -41,810 0  
12 Total. Add lines 1 through 11........ 7,309,741 7,351,551  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 374,638 37,464   337,174
14 Other employee salaries and wages...... 84,950 39,818   45,132
15 Pension plans, employee benefits....... 95,387 15,074   77,137
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,541 1,708   6,833
c Other professional fees (attach schedule).... Click to see attachment 669,288 634,288   35,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 259,339 81,599   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 757 0  
20 Occupancy.............. 23,658 0   23,658
21 Travel, conferences, and meetings....... 6,196 0   6,196
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 27,920 338   27,582
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,550,674 810,289   558,712
25 Contributions, gifts, grants paid....... 3,364,630 2,881,630
26 Total expenses and disbursements. Add lines 24 and 25 4,915,304 810,289   3,440,342
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,394,437
b Net investment income (if negative, enter -0-) 6,541,262
c Adjusted net income (if negative, enter -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.............      
2 Savings and temporary cash investments......... 176,273 3,170,802 3,170,802
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 22,815 17,133 17,133
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 70,750,178 Click to see attachment59,366,095 59,366,095
14 Land, buildings, and equipment: basis bullet43,157
Less: accumulated depreciation (attach schedule) bullet41,341 2,573 Click to see attachment1,816 1,816
15 Other assets (describe bullet) Click to see attachment120,115 Click to see attachment410,214 Click to see attachment410,214
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 71,071,954 62,966,060 62,966,060
Liabilities 17 Accounts payable and accrued expenses.......... 57,000 41,338
18 Grants payable................. 303,000 786,000
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)......... 360,000 827,338
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.................. 70,711,954 62,138,722
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........    
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)..... 70,711,954 62,138,722
31 Total liabilities and net assets/fund balances (see instructions). 71,071,954 62,966,060
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
70,711,954
2
Enter amount from Part I, line 27a .....................
2
2,394,437
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
73,106,391
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,967,669
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
62,138,722
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 ADAGE CAPITAL PARTNERS LP PASS-THROUGH P    
b ADAGE CAPITAL PARTNERS LP PASS-THROUGH P    
c HIGHFIELDS CAPITAL IV LP PASS-THROUGH P    
d HIGHFIELDS CAPITAL IV LP PASS-THROUGH P    
e PUBLICLY TRADED SECURITIES - SCHWAB #4729      
PUBLICLY TRADED SECURITIES - SCHWAB #4729      
THE SILCHESTER INT'L INVESTORS PASS-THROUGH P    
THE SILCHESTER INT'L INVESTORS PASS-THROUGH P    
PUBLICLY TRADED SECURITIES - MORGAN STANLEY 457(B) PLAN      
PUBLICLY TRADED SECURITIES - MORGAN STANLEY 457(B) PLAN      
RYDER COURT INT'L SELECT FUND PASS-THROUGH P    
RYDER COURT INT'L SELECT FUND PASS-THROUGH P    
SOMERSET P    
SOMERSET P    
ACADIAN P    
ACADIAN P    
GENERATION IM ASIA FUND LP P    
GENERATION IM ASIA FUND LP P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       768,996
b       3,761,152
c       -112,686
d       177,209
e 96,921   87,815 9,106
1,203,054   1,239,576 -36,522
      27,487
      430,171
11,562   13,361 -1,799
31,466   31,443 23
      24,971
      352,323
      -14,557
      -35,718
      -4,921
      98,035
      -48,411
      38,105
527,363     527,363
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       768,996
b       3,761,152
c       -112,686
d       177,209
e       9,106
      -36,522
      27,487
      430,171
      -1,799
      23
      24,971
      352,323
      -14,557
      -35,718
      -4,921
      98,035
      -48,411
      38,105
      527,363
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 5,960,327
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 3,576,075 67,039,582 0.053343
2016 3,469,013 64,494,260 0.053788
2015 3,647,308 67,497,681 0.054036
2014 3,671,722 68,772,710 0.053389
2013 3,373,390 64,386,979 0.052392
2
Total of line 1, column (d) .....................
2
0.266948
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
0.053390
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
65,947,815
5
Multiply line 4 by line 3......................
5
3,520,954
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
65,413
7
Add lines 5 and 6........................
7
3,586,367
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,440,342
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 1 130,825
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........................... 3 130,825
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- ..... 5 130,825
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 101,400
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 171,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,023
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 38,552
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet38,552 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletWWW.STRAUSFOUNDATION.ORG
    14
    The books are in care ofbulletJAN RIVITZ Telephone no.bullet (410) 539-8308

    Located atbullet2 EAST READ STREETBALTIMOREMD ZIP+4bullet21202
    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
    SUSAN LEVITON DIRECTOR
    0.50     		0 0 0
    500 WEST BALTIMORE STREET
    BALTIMORE,MD21201
    JAN C RIVITZ PRESIDENT/TREASURER
    40.00     		374,638 62,529 0
    2 EAST READ STREET
    BALTIMORE,MD21202
    TERRY UNDERBERG SECRETARY
    0.50     		0 0 0
    136 EAST 56TH STREET
    NEW YORK,NY10022
    STEPHEN H ABRAHAM DIRECTOR
    0.50     		0 0 0
    1758 PARK ROAD NW
    WASHINGTON,DC200102105
    SAMUEL HIMMELRICH DIRECTOR
    0.50     		0 0 0
    3600 CLIPPER MILL ROAD
    BALTIMORE,MD212111934
    LEE E COPLAN VICE PRESIDENT
    0.50     		0 0 0
    750 EAST PRATT STREET
    BALTIMORE,MD21202
    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
    ANNE B WETZLER CONTROLLER
    30.00     		59,283 5,928 0
    9 DELLWOOD COURT
    COCKEYSVILLE,MD21030
    ROCHEL T ROBBINS EXECUTIVE ASSISTANT
    30.00     		51,000 5,100 0
    2809 BANEBERRY COURT
    BALTIMORE,MD21209
    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
    CAMBRIDGE ASSOCIATES INVESTMENT ADVISER 130,796
    125 HIGH STREET
    BOSTON,MA02110
    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.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    22,099,666
    b
    Average of monthly cash balances.......................
    1b
    613,354
    c
    Fair market value of all other assets (see instructions)................
    1c
    44,239,076
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,952,096
    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
    66,952,096
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,004,281
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    65,947,815
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,297,391
    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
    3,297,391
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    130,825
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    820
    c
    Add lines 2a and 2b............................
    2c
    131,645
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,165,746
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,165,746
    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
    3,165,746
    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
    3,440,342
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,440,342
    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
    3,440,342
    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 3,165,746
    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...... 262,715
    b From 2014...... 330,502
    c From 2015...... 368,698
    d From 2016...... 256,056
    e From 2017...... 325,436
    fTotal of lines 3a through e........ 1,543,407
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,440,342
    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..... 3,165,746
    e Remaining amount distributed out of corpus 274,596
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,818,003
    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) ...     		262,715
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,555,288
    10 Analysis of line 9:
    a Excess from 2014.... 330,502
    b Excess from 2015.... 368,698
    c Excess from 2016.... 256,056
    d Excess from 2017.... 325,436
    e Excess from 2018.... 274,596
    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 e-mail address of the person to whom applications should be addressed:
    JAN RIVITZ
    2 EAST READ STREET SUITE 100
    BALTIMORE,MD21202
    (410) 539-8308
    bThe form in which applications should be submitted and information and materials they should include:
    COMMON GRANT APPLICATION FORM (ABAG FORM)
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED YEAR-ROUND
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS TO ENDOWMENTS OR INDIVIDUALS
    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
    ACLU FOUNDATION OF MARYLAND
    3600 CLIPPER MILL ROAD SUITE 350
    BALTIMORE,MD21211     		N/A PC ALL GENERAL SUPPORT 100,000
    ADVOCATES FOR CHILDREN AND YOUTH
    ONE NORTH CHARLES STREET SUITE 2400
    BALTIMORE,MD21201     		N/A PC ALL GENERAL SUPPORT 3,000
    ASSOCIATION OF BALTIMORE AREA GRANTMAKERS
    2 E READ STREET 2ND FLOOR
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 7,130
    ATLANTA COMMUNITY FOOD BANK
    732 JOSEPH E LOWERY BLVD NW
    ATLANTA,GA30318     		N/A PC GENERAL SUPPORT 2,500
    BALTIMORE CORPS
    PO BOX 67348
    BALTIMORE,MD212157348     		N/A PC ALL GENERAL SUPPORT 250,000
    BALTIMORE SCHOOL FOR THE ARTS FOUNDATION
    712 CATHEDRAL STREET
    BALTIMORE,MD21201     		N/A PC ALL GENERAL SUPPORT 25,000
    BETH TFILOH CONGREGATION
    3300 OLD COURT ROAD
    BALTIMORE,MD21208     		N/A PC ALL GENERAL SUPPORT 4,000
    CAMP AIRY AND CAMP LOUISE FOUNDATION INC
    5750 PARK HEIGHTS AVENUE SUITE 306
    BALTIMORE,MD21215     		N/A PC ALL GENERAL SUPPORT 913,200
    CENTRAL SCHOLARSHIP
    6 PARK CENTER COURT SUITE 211
    OWINGS MILLS,MD21117     		N/A PC ALL GENERAL SUPPORT 125,000
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		N/A PC ALL GENERAL SUPPORT 1,000
    CONGREGATION BET HAVERIM
    PO BOX 29548
    ATLANTA,GA30359     		N/A PC ALL GENERAL SUPPORT 2,000
    DEFENDERS OF WILDLIFE
    PO BOX 1553
    MERRIFIELD,VA221161553     		N/A PC ALL GENERAL SUPPORT 1,000
    DENT EDUCATION
    2927 E BALTIMORE ST
    BALTIMORE,MD21224     		N/A PC ALL GENERAL SUPPORT 875
    FAMILY LEAGUE OF BALTIMORE
    2305 N CHARLES STREET SUITE 200
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 40,000
    FH FOUNDATION
    1515 HOPE STREET SUITE 204
    SOUTH PASADENA,CA91030     		N/A PC ALL GENERAL SUPPORT 1,000
    FONZ
    PO BOX 37012 MRC 5516
    WASHINGTON,DC200137012     		N/A PC ALL GENERAL SUPPORT 250
    FOUNDATION FOR CIVIC LEADERSHIP
    30 BOW STREET
    CAMBRIDGE,MA02138     		N/A PC ALL GENERAL SUPPORT 50,000
    FOUNDATION OF THE NATIONAL LIPID ASSOCIATION
    6816 SOUTHPOINT PARKWAY SUITE 1000
    JACKSONVILLE,FL32216     		N/A PC ALL GENERAL SUPPORT 3,000
    FREESTATE JUSTICE
    2526 ST PAUL STREET
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 16,500
    GIRL SCOUTS OF CENTRAL MARYLAND
    4806 SETON DRIVE
    BALTIMORE,MD21215     		N/A PC ALL GENERAL SUPPORT 6,000
    HORACE MANN SCHOOL
    231 WEST 246TH STREET
    BRONX,NY10471     		N/A PC ALL GENERAL SUPPORT 2,500
    IMPACT HUB BALTIMORE
    10 EAST NORTH AVENUE SUITE 5
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 50,000
    IMPROVING EDUCATION
    3503 NORTH CHARLES STREET
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 50,000
    INSTITUTE FOR ISLAMIC CHRISTIAN AND JEWISH STUDIES
    956 DULANEY VALLEY ROAD
    BALTIMORE,MD21204     		N/A PC ALL GENERAL SUPPORT 10,000
    JOHNS HOPKINS UNIVERSITY CENTRO SOL
    600 NORTH WOLFE STREET PHIPPS 524
    BALTIMORE,MD21287     		N/A PC ALL GENERAL SUPPORT 43,000
    LEAVE NO TRACE
    PO BOX 997
    BOULDER,CO80306     		N/A PC ALL GENERAL SUPPORT 150
    LEVELING THE PLAYING FIELD
    9170 BROOKVILLE ROAD
    SILVER SPRING,MD20910     		N/A PC ALL GENERAL SUPPORT 20,000
    LIFEBRIDGE HEALTH
    2401 WEST BELVEDERE AVENUE
    BALTIMORE,MD21215     		N/A PC ALL GENERAL SUPPORT 8,500
    MULTICULTURAL CAREER INTERN PROGRAM (MCIP)
    3101 16TH STREET NW
    WASHINGTON,DC20010     		N/A PC ALL GENERAL SUPPORT 100
    NATIONAL OUTDOOR LEADERSHIP SCHOOL
    284 LINCOLN STREET
    LANDER,WY825202848     		N/A PC ALL GENERAL SUPPORT 250
    NATIONAL RESOURCES DEFENSE COUNCIL
    40 W 20TH ST
    NEW YORK,NY10011     		N/A PC ALL GENERAL SUPPORT 4,000
    NYU CENTER FOR THE PREVENTION OF CARDIOVASCULAR DISEASE
    530 FIRST AVENUE SKIRBALL 9U
    NEW YORK,NY10016     		N/A PC ALL GENERAL SUPPORT 2,500
    OPEN SOCIETY INSTITUTE - BALTIMORE
    201 NORTH CHARLES STREET SUITE 1300
    BALTIMORE,MD21201     		N/A PC ALL GENERAL SUPPORT 3,000
    PACT
    7000 TUDSBURY RD
    BALTIMORE,MD21244     		N/A PC ALL GENERAL SUPPORT 3,000
    TAHIRIH JUSTICE CENTER
    211 E LOMBARD STREET SUITE 307
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 30,000
    TEACH FOR AMERICA - BALTIMORE
    2601 N HOWARD STREET SUITE 300
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 150,000
    THE ASSOCIATED
    101 WEST MOUNT ROYAL AVENUE
    BALTIMORE,MD21201     		N/A PC ALL GENERAL SUPPORT 515,800
    THE FAMILY TREE
    2108 NORTH CHARLES STREET
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 50,000
    THE LANDON SCHOOL
    6101 WILSON LANE
    BETHESDA,MD20817     		N/A PC ALL GENERAL SUPPORT 1,000
    UMBC FOUNDATION
    1000 HILLTOP CIRCLE 8TH FLOOR
    ADMINISTRATION BUILDING
    BALTIMORE,MD21250     		N/A PC ALL GENERAL SUPPORT 1,000
    UNION OF CONCERNED SCIENTISTS
    2 BRATTLE SQUARE
    CAMBRIDGE,MA021383780     		N/A PC ALL GENERAL SUPPORT 2,500
    VENTURE FOR AMERICA
    40 WEST 29TH STREET SUITE 301
    NEW YORK,NY10001     		N/A PC ALL GENERAL SUPPORT 50,000
    WASHINGTON AND LEE UNIVERSITY
    204 W WASHINGTON ST
    LEXINGTON,VA24450     		N/A PC ALL GENERAL SUPPORT 500
    WILDERNESS LEADERSHIP & LEARNING INC (WILL)
    1758 PARK ROAD NW
    WASHINGTON,DC20010     		N/A PC ALL GENERAL SUPPORT 7,250
    WORLD WILDLIFE FUND
    1250 TWENTY-FOURTH STREET NW PO BOX
    97180
    WASHINGTON,DC200907180     		N/A PC ALL GENERAL SUPPORT 500
    YOUNG SURVIVAL COALITION
    80 BROAD STREET SUITE 1700
    NEW YORK,NY10004     		N/A PC ALL GENERAL SUPPORT 750
    AS OF A NOW (AOAN)
    218 W SARATOGA STREET
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 10,000
    BALTIMORE CITY FOUNDATION - NEW AMERICAN COMMUNITIES
    100 N HOLLIDAY STREET ROOM 250
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 20,000
    BALTIMORE HOMECOMING INC
    1427 CLARKVIEW ROAD SUITE 500
    BALTIMORE,MD21209     		N/A PC ALL GENERAL SUPPORT 50,000
    BEACON HEALTH
    3900 N CHARLES STREET 602
    BALTIMORE,MD21201     		N/A PC ALL GENERAL SUPPORT 30,000
    BELEV ECHAD
    206 EAST 95TH STREET SUITE 1A
    NEW YORK,NY101283813     		N/A PC ALL GENERAL SUPPORT 1,500
    CARINGON
    PO BOX 851
    BROOKLANDVILLE,MD21022     		N/A PC ALL GENERAL SUPPORT 750
    CASA ACADEMY AT MORGAN STATE UNIV
    1700 EAST COLD SPRING LANE
    BALTIMORE,MD21251     		N/A PC ALL GENERAL SUPPORT 625
    CASH CAMPAIGN OF MARYLAND
    217 E REDWOOD STREET - SUITE 1500
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 50,000
    CITY NEIGHBORS FOUNDATION
    4301 RASPE AVENUE
    BALTIMORE,MD21206     		N/A PC ALL GENERAL SUPPORT 2,500
    DRINK AT THE WELL INC
    4710 PENNINGTON AVE
    CURTIS BAY,MD21226     		N/A PC ALL GENERAL SUPPORT 1,000
    GEORGIA PUBLIC BROADCASTING
    260 14TH ST NW
    ATLANTA,GA30318     		N/A PC ALL GENERAL SUPPORT 1,000
    JOHNS HOPKINS UNIVERSITY JOHN FETTING FUND FOR BREAST CANCER PREVENTION
    10753 FALLS ROAD - PAVILION II
    SUITE 415
    LUTHERVILLE,MD21093     		N/A PC ALL GENERAL SUPPORT 3,000
    LATINO ECONOMIC DEVELOPMENT CENTER
    641 S STREET NW
    WASHINGTON,DC20001     		N/A PC ALL GENERAL SUPPORT 20,000
    MARYLAND CITIZENS' HEALTH INITIATIVE EDUCATION FUND INC
    2600 ST PAUL STREET
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 25,000
    MARYLAND INSTITUTE COLLEGE OF ART
    1300 W MOUNT ROYAL AVENUE
    BALTIMORE,MD21217     		N/A PC ALL GENERAL SUPPORT 25,000
    NEIGHBORHOOD DESIGN CENTER
    120 W NORTH AVENUE - SUITE 306
    BALTIMORE,MD21201     		N/A PC ALL GENERAL SUPPORT 500
    SIX POINT PICTURES
    218 W SARATOGA STREET
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 30,000
    THE LITERACY LAB
    1003 K ST NW SUITE 500
    WASHINGTON,DC20001     		N/A PC ALL GENERAL SUPPORT 50,000
    YOUNG AUDIENCESARTS FOR LEARNING
    2600 NORTH HOWARD STREET - SUITE
    1300
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 3,000
    Total .................................bullet 3a 2,881,630
    bApproved for future payment
    BALTIMORE CORPS - LEADERSHIP CAMPAIGN
    PO BOX 67348
    BALTIMORE,MD212157348     		N/A PC ALL GENERAL SUPPORT 500,000
    CHANA
    1325 BEDFORD ROAD
    PIKESVILLE,MD212829998     		N/A PC ALL GENERAL SUPPORT 6,000
    IMPACT HUB BALTIMORE
    10 E NORTH AVENUE - SUITE 5
    BALTIMORE,MD21202     		N/A PC ALL GENERAL SUPPORT 50,000
    TEACH FOR AMERICA - BALTIMORE
    2601 NORTH HOWARD STREET - SUITE
    300
    BALTIMORE,MD21218     		N/A PC ALL GENERAL SUPPORT 200,000
    Total .................................bullet 3b 756,000
    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 1,391,224  
    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 5,960,327  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASS-THROUGH PARTNERSHIP K-1     		531390 -41,885      
    bCA CORPORATE TAX REFUND   75      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -41,810 7,351,551 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,309,741
    (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
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    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 8,541 1,708   6,833

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

    TY 2018 DepreciationSchedule
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE FURNITURE 2001-01-23 13,526 13,526 200DB 7.000000000000 0 0    
    WAITING ROOM FURNITURE 2001-12-31 5,527 5,527 200DB 7.000000000000 0 0    
    ARTWORK - JAN'S OFFICE 2001-12-31 1,968 1,968 200DB 7.000000000000 0 0    
    NETWORK WEBSITE 2004-02-26 5,000 5,000 SL 5.000000000000 0 0    
    DESIGN/PRODUCE WEBSITE 2004-10-11 5,000 5,000 SL 5.000000000000 0 0    
    VIDEO CONFERENCE EQUIP 2011-08-02 2,500 2,500 SL 5.000000000000 0 0    
    ARTWORK 2015-04-14 1,800 506 200DB 7.000000000000 113 0    
    LOBBY CHAIRS 2015-02-19 1,762 496 200DB 7.000000000000 110 0    
    CONFERENCE ROOM CHAIRS 2015-02-17 1,364 383 200DB 7.000000000000 85 0    
    COMPUTER - ANNE'S 2016-07-01 800 208 200DB 5.000000000000 77 0    
    MITEL PHONE SYSTEM 2016-07-01 3,042 590 200DB 7.000000000000 266 0    
    NEW AERON WORK CHAIR 2017-01-31 868 62 200DB 7.000000000000 106 0    

    TY 2018 GeneralExplanationAttachment
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Identifier Return Reference Explanation
    RECONCILIATION OF WAGES ON FORM 990-PF TO FORM W-3 FORM 990-PF PART I LINES 13 & 14 FORM 990-PF PART I LINE 13 $374,638FORM 990-PF PART I LINE 14 84,950SHARING OF EMPLOYEES WITH UNRELATED ORGANIZATIONS 25,333 ----------TOTAL WAGES ON FORM W-3 BOX 5 $484,921 ==========

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HIGHFIELDS CAPITAL IV LP FMV 1,715,058 1,715,058
    SILVER CREEK III FMV 996,723 996,723
    ADAGE CAPITAL PARTNERS LP FMV 11,995,750 11,995,750
    RYDER COURT INTERNATIONAL SELECT FUND FMV 3,142,964 3,142,964
    THE SILCHESTER INTERNATIONAL INVEST FMV 8,760,298 8,760,298
    THE WEATHERLOW OFFSHORE FUND FMV 5,987,605 5,987,605
    SOMERSET FMV 2,150,653 2,150,653
    PROPEL BALTIMORE FUND LLC FMV 118,957 118,957
    VANGUARD INTERM TERM BD INDEX ADMIRAL SHR (504,474.21 SHS) FMV 5,559,306 5,559,306
    VANGUARD SHORT TERM BOND INDEX FUND ADMIRAL SHRS (529,508.72 SHS) FMV 5,459,235 5,459,235
    JHANCOCK GLBL ABSOLUTE RETURN STRAT R6 (179,987.874 SHS) FMV 1,801,679 1,801,679
    T ROWE PRICE NEW ERA FUND (80,243.429 SHS) FMV 2,414,525 2,414,525
    ACADIAN EMERGING MKTS EQUITY FUND FMV 2,732,044 2,732,044
    GENERATION IM ASIA FUND LP FMV 1,449,170 1,449,170
    BROWN ADVISORY SUSTAINABLE GWTH INSTL (241,660.852 SHS) FMV 5,082,128 5,082,128

    TY 2018 LandEtcSchedule2
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE 13,526 13,526 0  
    WAITING ROOM FURNITURE 5,527 5,527 0  
    ARTWORK - JAN'S OFFICE 1,968 1,968 0  
    NETWORK WEBSITE 5,000 5,000 0  
    DESIGN/PRODUCE WEBSITE 5,000 5,000 0  
    VIDEO CONFERENCE EQUIP 2,500 2,500 0  
    ARTWORK 1,800 1,519 281  
    LOBBY CHAIRS 1,762 1,487 275  
    CONFERENCE ROOM CHAIRS 1,364 1,150 214  
    COMPUTER - ANNE'S 800 685 115  
    MITEL PHONE SYSTEM 3,042 2,377 665  
    NEW AERON WORK CHAIR 868 602 266  


    TY 2018 OtherAssetsSchedule
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    EXECUTIVE COMPENSATION PLAN 120,115 110,214 110,214
    DISTRIBUTION RECEIVABLE   300,000 300,000


    TY 2018 OtherDecreasesSchedule
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Description Amount
    UNREALIZED LOSS 10,966,222
    NONDEDUCTIBLE EXPENSE 1,447


    TY 2018 OtherExpensesSchedule
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 68 0   68
    COMPUTER EXPENSE 60 0   60
    DUES AND SUBSCRIPTIONS 6,319 0   6,319
    INSURANCE 3,922 0   3,922
    INTERNET EXPENSE 853 0   853
    MEALS AND ENTERTAINMENT 6,120 0   6,120
    OFFICE SUPPLIES 1,970 0   1,970
    PARKING 5,306 0   5,306
    PAYROLL PROCESSING 1,689 338   1,351
    POSTAGE 459 0   459
    MISCELLANEOUS EXPENSE 155 0   155
    MARYLAND UNEMPLOYMENT INSURANCE EXPENSE 77 0   77
    MAINTENANCE EXPENSE 790 0   790
    NON-CASH CONTRIBUTIONS 132 0   132


    TY 2018 OtherIncomeSchedule2
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASS-THROUGH PARTNERSHIP K-1 -41,885 0 -41,885
    CA CORPORATE TAX REFUND 75   75


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR 130,796 130,796   0
    INVESTMENT EXPENSES 503,492 503,492   0
    CONSULTING FEES 35,000 0   35,000


    TY 2018 TaxesSchedule
    Name:
    THE AARON STRAUS & LILLIE STRAUS
     
    FOUNDATION INC
    EIN:
    52-2040073
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 81,599 81,599   0
    FEDERAL EXCISE TAX 177,740 0   0