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 07-01-2018 , and ending 06-30-2019
Name of foundation
THE KAHLERT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1701 1363 PROGRESS WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SYKESVILLE, MD21784
A Employer identification number

52-1798711
B Telephone number (see instructions)

(443) 745-6571
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$254,419,427J 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 137,323 137,323  
4 Dividends and interest from securities... 502,821 502,821  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,166,779
b Gross sales price for all assets on line 6a 35,145,644
7 Capital gain net income (from Part IV, line 2)... 16,166,779
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 10 10  
12 Total. Add lines 1 through 11........ 16,806,933 16,806,933  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 227,002 0   227,002
14 Other employee salaries and wages...... 8,918 0   8,918
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,500 1,500   0
b Accounting fees (attach schedule)....... Click to see attachment 22,000 22,000   0
c Other professional fees (attach schedule).... Click to see attachment 109,739 109,739   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 338,856 1,841   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,524 7,524   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,912 12,912   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 728,451 155,516   235,920
25 Contributions, gifts, grants paid....... 13,043,700 13,043,700
26 Total expenses and disbursements. Add lines 24 and 25 13,772,151 155,516   13,279,620
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,034,782
b Net investment income (if negative, enter -0-) 16,651,417
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............. 1,279,415 5,547,837 5,547,837
2 Savings and temporary cash investments......... 3,557,790 3,549,758 3,549,758
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.......... 116,816 370,224 370,224
10a Investments—U.S. and state government obligations (attach schedule) 1,254,622 Click to see attachment1,397,660 1,420,714
b Investments—corporate stock (attach schedule)....... 72,367,959 Click to see attachment70,356,797 242,339,512
c Investments—corporate bonds (attach schedule)....... 782,376 Click to see attachment1,171,484 1,191,382
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 79,358,978 82,393,760 254,419,427
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 79,358,978 82,393,760
30 Total net assets or fund balances (see instructions)..... 79,358,978 82,393,760
31 Total liabilities and net assets/fund balances (see instructions). 79,358,978 82,393,760
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
79,358,978
2
Enter amount from Part I, line 27a .....................
2
3,034,782
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
82,393,760
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
82,393,760
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P   2019-06-30
b PUBLICLY TRADED SECURITIES P   2019-06-30
c PUBLICLY TRADED SECURITIES P   2019-06-30
d PUBLICLY TRADED SECURITIES P   2019-06-30
e PUBLICLY TRADED SECURITIES P   2019-06-30
PUBLICLY TRADED SECURITIES P   2019-06-30
PUBLICLY TRADED SECURITIES P   2019-06-30
PUBLICLY TRADED SECURITIES P   2019-06-30
EVAPCO INC D 2011-08-08 2018-11-12
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 4,625,266   4,616,836 8,430
b 496,268   398,576 97,692
c 1,170,300   1,179,173 -8,873
d 565,712   564,804 908
e 1,382,858   1,452,777 -69,919
1,309,216   1,261,822 47,394
3,994,437   3,531,912 462,525
1,270,319   1,204,597 65,722
20,003,720   4,768,368 15,235,352
327,548     327,548
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       8,430
b       97,692
c       -8,873
d       908
e       -69,919
      47,394
      462,525
      65,722
      15,235,352
      327,548
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 16,166,779
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 12,799,587 249,110,222 0.051381
2016 12,703,134 226,791,223 0.056012
2015 11,763,876 212,624,007 0.055327
2014 7,918,000 203,039,457 0.038997
2013 3,438,000 86,396,110 0.039793
2
Total of line 1, column (d) .....................
2
0.241510
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
0.048302
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
253,865,908
5
Multiply line 4 by line 3......................
5
12,262,231
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
166,514
7
Add lines 5 and 6........................
7
12,428,745
8
Enter qualifying distributions from Part XII, line 4,.............
8
13,279,620
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 1 166,514
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........................... 3 166,514
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- ..... 5 166,514
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 370,224
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 370,224
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 203,710
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet203,710 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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.THEKAHLERTFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (443) 745-6571

    Located atbulletP O BOX 1701 1363 PROGRESS WAYSYKESVILLEMD ZIP+4bullet21784
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    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
    GREG W KAHLERT PRESIDENT
    30.00     		125,000 0 0
    5848 PINE BROOK FARM ROAD
    SYKESVILLE,MD21784
    ROBERTA S KAHLERT VICE PRESIDENT/TREASURER
    1.00     		0 0 0
    5848 PINE BROOK FARM ROAD
    SYKESVILLE,MD21784
    HEATHER K KAHLERT VICE PRESIDENT
    30.00     		102,002 0 0
    212 SPINNAKER BAY DRIVE
    SARATOGA SPRINGS,UT84045
    HAROLD W WALSH EXECUTIVE VICE PRESIDENT
    1.00     		0 0 0
    2491 NE OCEAN BLVD
    STUART,FL34996
    RONALD F TUTRONE MD VICE PRESIDENT
    1.00     		0 0 0
    6535 NORTH CHARLES STREET
    TOWSON,MD21204
    JAMES D STONE SECRETARY
    1.00     		0 0 0
    29 WEST SUSQUEHANNA AVENUE
    TOWSON,MD21204
    SCOTT W KAHLERT VICE PRESIDENT
    1.00     		0 0 0
    5848 PINE BROOK FARM ROAD
    SYKESVILLE,MD21784
    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.........................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
    249,290,875
    b
    Average of monthly cash balances.......................
    1b
    8,248,533
    c
    Fair market value of all other assets (see instructions)................
    1c
    192,478
    d
    Total (add lines 1a, b, and c).........................
    1d
    257,731,886
    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
    257,731,886
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,865,978
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    253,865,908
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    12,693,295
    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
    12,693,295
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    166,514
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    166,514
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    12,526,781
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    12,526,781
    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
    12,526,781
    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
    13,279,620
    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
    13,279,620
    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
    166,514
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    13,113,106
    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 12,526,781
    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......  
    b From 2014......  
    c From 2015......  
    d From 2016...... 273,537
    e From 2017...... 674,524
    fTotal of lines 3a through e........ 948,061
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 13,279,620
    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..... 12,526,781
    e Remaining amount distributed out of corpus 752,839
    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 1,700,900
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,700,900
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016.... 273,537
    d Excess from 2017.... 674,524
    e Excess from 2018.... 752,839
    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
    ALS ASSOCIATION - DCMDVA CHAPTER
    30 W GUDE DRIVE SUITE 150
    ROCKVILLE,MD20850     		  PC TO SUPPORT RESEARCH TO FIND A CURE FOR ALS AND PROVIDE SERVICES TO PATIENTS AND THEIR FAMILIES 10,000
    ALZHEIMER'S ASSOCIATION
    1850 YORK ROAD SUITE D
    TIMONIUM,MD21093     		  PC TO ACCELERATE RESEARCH AND ENHANCE CARE AND SUPPORT 125,000
    AMAR US
    1601 R STREET NW
    WASHINGTON,DC20009     		  PC TO SUPPORT REBUILDING LIVES IN IRAQ 20,000
    AMERICAN DIABETES ASSOCIATION
    1701 N BEAUREGARD STREET
    ALEXANDRIA,VA22311     		  PC TO SUPPORT DIABETES RESEARCH AND CAMP CHARM CITY 100,000
    AMERICAN INSTITUTE OF PHILANTHROPY AKA CHARITYWATCH
    P O BOX 578460
    CHICAGO,IL60657     		  PC TO SUPPORT CHARITY WATCH TO PROVIDE DONORS WITH INFORMATION TO MAKE MORE INFORMED GIVING DECISIONS 1,000
    AMMONIA REFRIGERATION FOUNDATION
    1001 NORTH FAIRFAX STREET
    ALEXANDRIA,VA22314     		  PC TO SUPPORT VETERAN AND STUDENT EDUCATION AND OUTREACH 75,000
    ARC OF CARROLL COUNTY INC
    180 KRIDERS CHURCH ROAD
    WESTMINSTER,MD21158     		  PC TO SUPPORT ARC CARROLL COUNTY STRATEGIC INITIATIVES 51,000
    ARC OF HOWARD COUNTY INC
    11735 HOMEWOOD ROAD
    ELLICOTT CITY,MD21042     		  PC TO REPLACE HVAC SYSTEM 60,000
    ASBURY FOUNDATION
    201 RUSSELL AVENUE
    GAITHERSBURG,MD20877     		  PC TO IMPROVE NURSING CARE FOR SENIORS THROUGH ARTIFICIAL INTELLIGENCE AND PREDICTIVE ANALYTICS 75,000
    ASSOCIATION OF COMMUNITY SERVICES OF HOWARD COUNTY
    10480 LITTLE PATUXENT PARKWAY
    COLUMBIA,MD21044     		  PC TO SUPPORT IMPROVING CONNECTIONS THROUGH COMMUNICATIONS 22,250
    BALLET WEST
    52 WEST 200 SOUTH
    SALT LAKE CITY,UT84101     		  PC TO SUPPORT 2018/2019 I CAN DO PROGRAM 75,000
    BALTIMORE CHESAPEAKE BAY OUTWARD BOUND SCHOOL
    1900 EAGLE DRIVE
    BALTIMORE,MD21207     		  PC TO PROVIDE OUTWARD BOUND PROGRAMS AND VETERANS SUPPORT 100,000
    BALTIMORE CONNECT
    624 N BROADWAY
    BALTIMORE,MD21205     		  PC TO SUPPORT BUILDING FOR SUSTAINABILITY 35,000
    BLESSINGS IN A BACKPACK
    P O BOX 3508
    FREDERICK,MD21705     		  PC TO PROVIDE WEEKEND NUTRITION FOR LOW-INCOME FREDERICK CHILDREN 31,000
    BOYS & GIRLS CLUB OF WESTMINSTER
    25 UNION STREET
    WESTMINSTER,MD21157     		  PC TO SUPPORT PHASE 2 GYMNASIUM BUILD 70,000
    BRENDAN CORPORATION
    1500 K STREET NW SUITE 350
    WASHINGTON,DC20005     		  PC TO SUPPORT THE BRENDAN APPROACH 20,000
    BRIDLE UP HOPE THE RACHEL COVEY FOUNDATION
    1141 EAST WATKINS LANE
    ALPINE,UT84004     		  PC TO INSPIRE HOPE AND CONFIDENCE IN YOUNG WOMEN THROUGH EQUESTRIAN TRAINING 250,250
    BRIGHT MINDS FOUNDATION
    10910 ROUTE 108
    ELLICOTT CITY,MD21042     		  PC TO SUPPORT BRIGHT MINDS COMPUTERS FOR STUDENTS 30,000
    CALVERT SCHOOL
    105 TUSCANY ROAD
    BALTIMORE,MD21210     		  PC TO SUPPORT JOHN L "LUKE" STONE '86 LEADERSHIP SPEAKER SERIES 125,000
    CAMP ATTAWAY
    9770 PATUXENT WOODS DRIVE SUITE 303
    COLUMBIA,MD21046     		  PC TO SUPPORT 2019 CAMP PROGRAM AND PARENT EDUCATION/SUPPORT GROUPS AND CLINICAL DIRECTOR MENTORSHIP 75,000
    CARING AND SHARING MINISTRIES OF NORTHWEST CARROLL COUNTY
    P O BOX 384
    TANEYTOWN,MD21787     		  PC TO PROVIDE ECUMENICAL FELLOWSHIP AND SHARED COMMUNITY RELIEF MINISTRIES 25,000
    CARING CARROLL INC
    P O BOX 842
    WESTMINSTER,MD21158     		  PC TO SUPPORT CARING CARROLL SUSTAINABILITY 45,000
    CARROLL COMMUNITY COLLEGE FOUNDATION INC
    1601 WASHINGTON ROAD
    WESTMINSTER,MD21157     		  PC TO SUPPORT INVESTING IN A BRILLIANT FUTURE 253,000
    CARROLL COUNTY BUREAU OF AGING & DISABILITIES
    225 NORTH CENTER STREET
    WESTMINSTER,MD21157     		  PC TO PROVIDE GRANT FOR CARROLL COUNTY VETERANS SERVICES 90,000
    CARROLL COUNTY DEPARTMENT OF SOCIAL SERVICES
    1232 TECH COURT
    WESTMINSTER,MD21157     		  PC TO PROVIDE SUPPORTIVE SERVICES TO ADULTS, CHILDREN AND THEIR FAMILIES 40,000
    CARROLL COUNTY FOOD SUNDAY
    P O BOX 2160
    WESTMINSTER,MD21158     		  PC TO SUPPORT VEGGIE VOUCHER PROGRAM 37,500
    CARROLL COUNTY PUBLIC LIBRARY
    1100 GREEN VALLEY ROAD
    NEW WINDSOR,MD21776     		  PC TO SUPPORT EXPLORATION COMMONS AT 50 EAST 75,000
    CARROLL COUNTY PUBLIC SCHOOLS
    125 NORTH COURT STREET
    WESTMINSTER,MD21157     		  PC TO PROVIDE CCPS IPADS IN HEALTH SUITES AND SUPPORT ROBOTICS IN CARROLL COUNTY PUBLIC SCHOOLS 80,000
    CARROLL COUNTY YOUTH SERVICE BUREAU INC
    59 KATE WAGNER ROAD
    WESTMINSTER,MD21157     		  PC TO SUPPORT INCREASING MOBILE CAPACITY: LAPTOPS AND TRANSPORTATION 60,000
    CARROLL HOSPICE INC
    292 STONER AVENUE
    WESTMINSTER,MD21157     		  PC TO FUND EXPANSION OF INPATIENT FACILITY DOVE HOUSE 50,000
    CARROLL HOSPITAL CENTER FOUNDATION INC
    200 MEMORIAL AVENUE
    WESTMINSTER,MD21157     		  PC TO FUND ADVANCED TECHNOLOGY FOR CONTINUED EXCELLENCE AT THE WILLIAM E KAHLERT REGIONAL CANCER CENTER 749,000
    CARROLL TECHNOLGY COUNCIL INC
    255 CLIFTON BOULEVARD SUITE 215
    WESTMINSTER,MD21157     		  PC TO SUPPORT TECHKIDS AND TECHWORKS 91,350
    CARSON SCHOLARS FUND
    305 WEST CHESAPEAKE AVENUE
    TOWSON,MD21204     		  PC TO SUPPORT CARSON SCHOLARSHIPS IN 45 SCHOOLS AND BANQUET SPONSORSHIP 70,000
    CHANGE INC
    115 STONER AVENUE
    WESTMINSTER,MD21157     		  PC TO SUPPORT COMMUNITY INTEGRATION - TRANSPORTATION RESOURCES 77,500
    CHESAPEAKE BAY FOUNDATION INC
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		  PC TO SUPPORT MARYLAND OYSTER RESTORATION AND EDUCATIONAL PROGRAMS 50,000
    CHILDREN'S CANCER FOUNDATION
    5570 STERRETT PLACE SUITE 204
    COLUMBIA,MD21044     		  PC TO SUPPORT MAGIC CASTLE, RESEARCH SYMPOSIUM, AND VIDEO PARTNERSHIP 40,000
    COMMUNITY FOUNDATION OF CARROLL COUNTY INC
    255 CLIFTON BOULEVARD SUITE 313
    WESTMINSTER,MD21157     		  PC TO SUPPORT FRIENDS OF DISABLED VETERANS IN CARROLL COUNTY AND PROVIDE GENERAL SUPPORT 88,000
    COMMUNITY FOUNDATION OF HOWARD COUNTY
    10630 LITTLE PATUXENT PARKWAY
    COLUMBIA,MD21044     		  PC TO PROVIDE OPERATING SUPPORT TO CONNECT PEOPLE, RESOURCES AND CAUSES TO PRODUCE POSITIVE AND SUSTAINABLE CHANGE IN THE COMMUNITY 40,150
    CRISTO REY JESUIT HIGH SCHOOL
    420 SOUTH CHESTER STREET
    BALTIMORE,MD21231     		  PC TO SUPPORT JESUIT SCHOLARSHIP FOR UNDERSERVED YOUTH 60,000
    CURES WITHIN REACH
    8025 LAMON AVENUE
    SKOKIE,IL60077     		  PC TO SUPPORT MID-ATLANTIC REGION REPURPOSING FY2020 100,000
    DISTINGUISHED YOUNG WOMEN OF MARYLAND
    C/O COMMUNITY FOUNDATION OF CARROLL
    COUNTY 255 CLIFTON BLVD SUITE 313
    WESTMINSTER,MD21157     		  PC TO SUPPORT SCHOLARSHIP PROGRAM FOR CLASS OF 2019 15,000
    DOWNTOWN SAILING CENTER
    1425 KEY HIGHWAY
    BALTIMORE,MD21230     		  PC TO SUPPORT SAILING THROUGH SCHOOL 15,000
    FAMILY AND CHILDREN'S SERVICES OF CENTRAL MARYLAND INC
    4623 FALLS ROAD
    BALTIMORE,MD21209     		  PC TO SUPPORT WEST END PLACE MEDICAL ADULT DAY CARE AND THE FAMILY SUPPORT CENTER AT WEST END PLACE 225,400
    FOLDS OF HONOR FOUNDATION
    5800 NORTH PATRIOT DRIVE
    OWASSO,OK74055     		  PC TO SUPPORT MARYLAND EDUCATIONAL SCHOLARSHIP FUND 26,850
    FORT MEADE ALLIANCE FOUNDATION
    7467 RIDGE ROAD SUITE 200
    HANOVER,MD21076     		  PC TO SUPPORT FORT MEADE RESILIENCY AND EDUCATION CENTER 75,000
    GBMC HEALTHCARE
    6701 NORTH CHARLES STREET
    BALTIMORE,MD21204     		  PC TO FUND THE WILLIAM E KAHLERT RESEARCH AND DISCOVERY FUND 1,000,000
    GIRLS ON THE RUN OF CENTRAL MARYLAND
    9150 RUMSEY ROAD SUITE A7
    COLUMBIA,MD21045     		  PC TO SUPPORT PROGRAM GROWTH 30,500
    HABITAT FOR HUMANITY OF CARROLL COUNTY
    255 CLIFTON BOULEVARD SUITE 301
    WESTMINSTER,MD21157     		  PC TO SUPPORT HABITAT FOR HUMANITY RESTORE 50,000
    HAMPDEN FAMILY CENTER INC
    1104 WEST 36TH STREET
    BALTIMORE,MD21211     		  PC TO PROVIDE COMPLIMENTARY SUPPORT SERVICES FOR CHILDREN, PARENTS AND CAREGIVERS IMPACTED BY THE OPIOID EPIDEMIC 32,000
    HERO DOGS INC
    P O BOX 64
    BROOKEVILLE,MD20833     		  PC TO SUPPORT SERVICE DOG IN TRAINING PUPPY SPONSORSHIP 20,000
    HIPPODROME FOUNDATION INC
    416 WEST BALTIMORE STREET
    BALTIMORE,MD21201     		  PC TO SUPPORT BEHIND THE MASK WITH THE PHANTOM OF THE OPERA 27,500
    HIRE HEROES USA
    1360 UNION HILL ROAD SUITE 2A
    ALPHARETTA,GA30004     		  PC TO PROVIDE FREE CAREER ASSISTANCE TO US MILITARY MEMBERS, VETERANS, AND MILITARY SPOUSES IN THE MID-ATLANTIC 75,000
    HOMES FOR OUR TROOPS
    6 MAIN STREET
    TAUNTON,MA02780     		  PC TO SUPPORT HOME BUILD FOR NAVY PO3 JUSTIN HENDRICKSON 20,000
    HOPEWELL CANCER SUPPORT INC
    P O BOX 755
    BROOKLANDVILLE,MD21022     		  PC TO SUPPORT LAYING THE CORNERSTONE FOR RENEWAL AND PURPOSE 100,000
    HORIZON DAY CAMP
    8 MARKET PLACE SUITE 331
    BALTIMORE,MD21202     		  PC TO PROVIDE GENERAL SUPPORT FOR CAMP 125,000
    HOSPICE OF FREDERICK COUNTY
    P O BOX 1799
    FREDERICK,MD21705     		  PC TO PROVIDE SUPPORT FOR HOSPICE OF FREDERICK COUNTY VETERAN PROGRAM 75,150
    HOUSE OF RUTH MARYLAND INC
    2201 ARGONNE DRIVE
    BALTIMORE,MD21218     		  PC TO SUPPORT HOUSE OF RUTH MD CAMPAIGN 100,000
    HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION
    10901 LITTLE PATUXENT PARKWAY
    COLUMBIA,MD21044     		  PC TO FUND THE KAHLERT FOUNDATION SCHOLARSHIP AND PROGRAM FUND 125,000
    HOWARD COUNTY GENERAL HOSPITAL
    5755 CEDAR LANE
    COLUMBIA,MD21044     		  PC TO SUPPORT CAMPUS CONSTRUCTION PROJECT: AN ENHANCED OPPORTUNITY 304,000
    INTERMOUNTAIN FOUNDATION - UTAH VALLEY
    1034 N 500 W
    PROVO,UT84604     		  PC TO SUPPORT UTAH VALLEY REGIONAL MEDICAL CENTER 600,000
    INTREPID FALLEN HEROES FUND
    WEST 46TH STREET AND 12TH AVENUE
    NEW YORK,NY10036     		  PC TO SUPPORT INTREPID SPIRIT CENTER 50,000
    IRAQ AND AFGHANISTAN VETERANS OF AMERICA (IAVA)
    292 MADISON AVENUE 10TH FLOOR
    NEW YORK,NY10017     		  PC TO SUPPORT RAPID RESPONSE REFERRAL PROGRAM 75,000
    JDRF
    1400 K STREET NW
    WASHINGTON,DC20005     		  PC TO SUPPORT JDRF OUTREACH AND RESEARCH 155,000
    JEWISH FAMILY SERVICE
    1111 BRICKYARD ROAD SUITE 218
    SALT LAKE CITY,UT84106     		  PC TO SUPPORT PROJECT ENCOURAGE/CAREGIVER CONNECTION AND SAFETY NET PROGRAM/COUNSELING 50,000
    JOHNS HOPKINS UNIVERSITY
    3400 NORTH CHARLES STREET
    BALTIMORE,MD21218     		  PC TO FUND THE KAHLERT FAMILY FOUNDATION ENDOWED FELLOWSHIP IN PEDIATRIC PALLIATIVE CARE 100,000
    JUNIOR ACHIEVEMENT OF UTAH INC
    515 SOUTH 700 EAST SUITE 1F
    SALT LAKE CITY,UT84102     		  PC TO PROVIDE PROGRAM SUPPORT 25,000
    KIDS ON THE MOVE INC
    475 WEST 260 NORTH
    OREM,UT84057     		  PC TO SPONSOR HEBER HALF RUN FOR AUTISM 5,000
    LITERACY COUNCIL OF CARROLL COUNTY INC
    255 CLIFTON BLVD 314
    WESTMINSTER,MD21157     		  PC TO PROVIDE OPERATIONAL SUPPORT FOR LITERACY COUNCIL ACTIVITIES 25,000
    LOYOLA BLAKEFIELD
    500 CHESTNUT AVENUE
    TOWSON,MD21204     		  PC TO SUPPORT SCHOLARSHIP FUND FOR LOYOLA BLAKEFIELD'S WRESTLING PROGRAM 20,000
    LYRIC THEATER
    59 SW FLAGLER AVENUE
    STUART,FL34994     		  PC TO PROVIDE THE COMMUNITY WITH A HOME FOR THE PERFORMING ARTS 15,000
    MAKE-A-WISH FOUNDATION OF UTAH INC
    771 EAST WINCHESTER
    SALT LAKE CITY,UT84107     		  PC TO HELP GRANT THE RIGHT WISH AT THE RIGHT TIME FOR NEARLY 50 UTAH CHILDREN WITH CRITICAL ILLNESSES 250,000
    MARINE TOYS FOR TOTS FOUNDATION
    18251 QUANTICO GATEWAY DRIVE
    TRIANGLE,VA22172     		  PC TO SUPPORT TOYS FOR TOTS 2019 HOLIDAY CAMPAIGN 25,000
    MARRIAGE & RELATIONSHIP EDUCATION CENTER INC
    255 CLIFTON BOULEVARD SUITE 213
    WESTMINSTER,MD21157     		  PC TO SPONSOR GARDEN PARTY 2,000
    MARTIN MEMORIAL HEALTH SYSTEMS INC
    P O BOX 9010
    STUART,FL34995     		  PC TO PROVIDE QUALITY HEALTHCARE TO THE COMMUNITY 10,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS ROAD SW
    BALTIMORE,MD21227     		  PC TO SUPPORT PACK TO GIVE BACK, SCHOOL PANTRY PROGRAM, AND CHALLENGE GRANT 115,000
    MARYLAND SCIENCE CENTER
    601 LIGHT STREET
    BALTIMORE,MD21230     		  PC TO SUPPORT FREE ADMISSION PROGRAM FOR CARROLL COUNTY SCHOOL GROUPS 15,000
    MCDANIEL COLLEGE
    2 COLLEGE HILL
    WESTMINSTER,MD21157     		  PC TO SUPPORT GILL PHYSICAL EDUCATION LEARNING CENTER RENOVATION PROJECT 100,000
    MEALS ON WHEELS OF CENTRAL MARYLAND INC
    515 S HAVEN STREET
    BALTIMORE,MD21224     		  PC TO SUPPORT HOME DELIVERED MEAL PROGRAM 100,000
    MISSION OF MERCY INC
    22 SOUTH MARKET STREET
    FREDERICK,MD21701     		  PC TO PROVIDE MEDICAL AND DENTAL CARE FOR UNINSURED/UNDERINSURED PATIENTS 103,500
    MONTESSORI SCHOOL OF WESTMINSTER INC
    1055 MONTESSORI DRIVE
    WESTMINSTER,MD21158     		  PC TO PROVIDE COMMUNITY SCHOLARSHIPS 30,000
    NATIONAL AQUARIUM INC
    501 E PRATT STREET
    BALTIMORE,MD21202     		  PC TO SUPPORT HENRY HALL CONSERVATION LEADERSHIP PROGRAM 40,000
    NATIONAL MARITIME HERITAGE FOUNDATION INC
    600 WATER STREET SW UNIT 9-16
    WASHINGTON,DC20024     		  PC TO SUPPORT YOUTH SCHOLARSHIP PROGRAM 25,000
    NORTH CARROLL COMMUNITY SCHOOL
    401 STONE ROAD
    WESTMINSTER,MD21158     		  PC TO PROVIDE SPONSORSHIP TO SUPPORT CHILDREN'S EDUCATION 800
    OPERATION HOMEFRONT INC
    1355 CENTRAL PARKWAY S
    SAN ANTONIO,TX78232     		  PC TO PROVIDE CRITICAL HOUSING AND FINANCIAL SUPPORT FOR MILITARY FAMILIES 100,000
    PARTNERSHIP AND INSPIRATION FOR ENGINEERNG EDUCATION AND ENTREPRENEURSHIP
    1797 NATURES WAY
    WOODBINE,MD21797     		  PC TO SUPPORT ROBOTICS FOR ALL - CARROLL COUNTY 25,000
    PORT DISCOVERY CHILDREN'S MUSEUM
    35 MARKET PLACE
    BALTIMORE,MD21202     		  PC TO SUPPORT PLAYING TODAY, LEADING TOMORROW CAPITAL CAMPAIGN 75,000
    ROAD HOME
    210 SOUTH RIO GRANDE STREET
    SALT LAKE CITY,UT84101     		  PC TO SUPPORT EMERGENCY SHELTER AND SUPPORTIVE SERVICES PROGRAM 50,000
    ROCKY MOUNTAIN UNIVERSITY OF HEALTH PROFESSIONS FOUNDATION
    122 EAST 1700 SOUTH
    PROVO,UT84606     		  PC TO SUPPORT THE COMMUNITY REHABILITATION CLINIC 125,000
    ROLAND PARK COUNTRY SCHOOL
    5204 ROLAND AVENUE
    BALTIMORE,MD21210     		  PC TO PROVIDE ANNUAL FUND SUPPORT FOR FINANCIAL AID 31,000
    RONALD MCDONALD HOUSE CHARITIES MARYLAND INC
    1 AISQUITH STREET
    BALTIMORE,MD21202     		  PC TO SUPPORT OPERATIONS FOR A HOME AWAY FROM HOME FOR SERIOUSLY ILL CHILDREN AND THEIR FAMILIES 105,000
    RONALD MCDONALD HOUSE CHARITIES OF THE INTERMOUNTAIN AREA INC
    935 EAST SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		  PC TO SUPPORT GALA GUARDIAN OF LIGHT AND WHEELCHAIR VAN 150,000
    ROOT FOR KIDS
    2044 MESA PALMS DRIVE
    ST GEORGE,UT84770     		  PC TO SUPPORT NURTURING STRONG BEGINNINGS 30,000
    ROOTS OF HUMANITY FOUNDATION
    3001 NORTH THANKSGIVING WAY SUITE 2
    LEHI,UT84043     		  PC TO PROVIDE SUPPORT TO CULTIVATE AN APPRECIATION FOR THE SHARED HUMAN EXPERIENCE BY WAY OF INCORPORATING ART-GLASS INTO SCHOOL PROGRAMS AND COMMUNITY OUTREACH 50,000
    SALT LAKE COMMUNITY COLLEGE
    4600 S REDWOOD ROAD
    SALT LAKE CITY,UT84123     		  PC TO PROVIDE SUPPORT FOR PUBLIC COMMUNITY COLLEGE 5,000
    SAMARITAN'S PURSE
    P O BOX 3000
    BOONE,NC28607     		  PC TO PROVIDE SUPPORT FOR CHRISTIAN RELIEF TO A HURTING WORLD 20,000
    SEMPER FI FUND
    825 COLLEGE BLVD SUITE 102 PMB 609
    OCEANSIDE,CA92057     		  PC TO SUPPORT SEMPER FI FUND TRANSITION PROGRAM IN THE MID-ATLANTIC REGION 80,000
    SINAI HOSPITAL OF BALTIMORE INC
    2401 WEST BELVEDERE AVENUE
    BALTIMORE,MD21215     		  PC TO FUND REQUEST FOR 3D PRINTER FOR NEUROLOGICAL AND REHAB SERVICES PROGRAM 150,000
    SKILLSUSA INC
    14001 SKILLSUSA WAY
    LEESBURG,VA20176     		  PC TO SUPPORT PROGRAMS FOR HIGH SCHOOL, COLLEGE AND MIDDLE SCHOOL STUDENTS AND PROFESSIONAL MEMBERS ENROLLED IN TRAINING PROGRAMS IN TRADE, TECHNICAL AND SKILLED SERVICE OCCUPATIONS, INCLUDING HEALTH OCCUPATIONS 1,000
    SQUASHWISE INC
    3600 CLIPPER MILL ROAD
    BALTIMORE,MD21211     		  PC TO SUPPORT SQUASHWISE YOUTH DEVELOPMENT PROGRAM 51,250
    STELLA H OAKS FOUNDATION
    450 SIMMONS WAY SUITE 630
    KAYSVILLE,UT84047     		  PC TO PROVIDE SCHOLARSHIPS FOR SINGLE MOTHERS 100,000
    SUNDANCE INSTITUTE
    P O BOX 684429
    PARK CITY,UT84068     		  PC TO SPONSOR THE SUNDANCE FILM FESTIVAL 5,000
    THANKSGIVING POINT INSTITUTE INC
    3003 NORTH THANKSGIVING WAY
    LEHI,UT84043     		  PC TO PROVIDE MATCHING FUNDS FOR IMAGINE THAT! TO SUPPORT EDUCATIONAL PROGRAMS 100,000
    TOWSON UNIVERSITY FOUNDATION
    8000 YORK ROAD
    TOWSON,MD21252     		  PC TO SUPPORT SCHLOLARSHIPS AND OPERATIONS FOR U TEACH PROGRAM AND ELL STUDENT SUCCESS FUND 225,000
    TRI COUNTY COUNCIL FOUNDATION
    31901 TRI COUNTY WAY
    SALISBURY,MD21804     		  PC TO SUPPORT PROJECT OPPORTUNITY 10,000
    TYLER ROBINSON FOUNDATION
    400 S 4TH STREET SUITE 500
    LAS VEGAS,NV89101     		  PC TO SUPPORT RISE UP GALA 250,000
    ULMAN CANCER FUND FOR YOUNG ADULTS
    1215 EAST FORT AVENUE SUITE 104
    BALTIMORE,MD21230     		  PC TO SUPPORT THE UCF HOUSE 100,000
    UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON STREET
    BALTIMORE,MD21201     		  PC TO SUPPORT CANCER IMMUNOTHERAPY, NEUROLOGY FOOT DROP THERAPY,UMB INNOVATION FUND, AND GLYBURIDE AS TREATMENT FOR CHRONIC PAIN 355,000
    UNIVERSITY OF UTAH
    332 SOUTH 1400 EAST SUITE 150
    SALT LAKE CITY,UT84112     		  PC TO FUND UNIVERSITY OF UTAH KAHLERT TOWERS 1,000,000
    UNIVERSITY OF UTAH ATHLETICS
    1825 E SOUTH CAMPUS DRIVE
    SALT LAKE CITY,UT84112     		  PC TO SUPPORT UNIVERSITY OF UTAH ATHLETICS 50,000
    UNIVERSITY OF UTAH HOSPITAL FOUNDATION
    127 SOUTH 500 EAST SUITE 200
    SALT LAKE CITY,UT84102     		  PC TO SUPPORT UNIVERSITY OF UTAH MEDICAL SCHOOL 500,000
    UNIVERSITY OF UTAH SCHOOL OF BUSINESS
    1655 EAST CAMPUS CENTER DRIVE
    SALT LAKE CITY,UT84112     		  PC TO SUPPORT UNIVERSITY OF UTAH BUSINESS SCHOOL 300,000
    UROLOGY CARE FOUNDATION
    1000 CORPORATE BOULEVARD
    LINTHICUM,MD21090     		  PC TO SUPPORT UROLOGY CARE FOUNDATION RESIDENCY RESEARCH AWARDS IN BLADDER CANCER 100,000
    UTAH FILM CENTER
    50 WEST BROADWAY SUITE 1125
    SALT LAKE CITY,UT84101     		  PC TO SUPPORT MEDIA EDUCATION 230,000
    UTAH NONPROFITS ASSOCIATION INC
    231 EAST 400 SOUTH SUITE 345
    SALT LAKE CITY,UT84111     		  PC TO SUPPORT UTAH PHILANTHROPY DAY 2018 5,000
    UTAH SYMPHONY & OPERA
    123 WEST SOUTH TEMPLE
    SALT LAKE CITY,UT84101     		  PC TO SUPPORT EDUCATION AND COMMUNITY OUTREACH PROGRAMS 50,000
    UTAH VALLEY UNIVERSITY FOUNDATION INC
    800 WEST UNIVERSITY PARKWAY
    OREM,UT84058     		  PC TO SUPPORT WOMEN'S SUCCESS CENTER SCHOLARSHIP AND SCHOLARSHIP BALL 130,000
    VEHICLES FOR CHANGE
    4111 WASHINGTON BOULEVARD
    HALETHORPE,MD21227     		  PC TO SUPPORT BUILDING CAPACITY IN MARYLAND 75,000
    VESTRY OF ST DAVID'S
    4700 ROLAND AVENUE
    BALTIMORE,MD21210     		  PC TO PROVIDE OPERATING SUPPORT 25,000
    WARRIOR RISING
    7731 SOUTH BARCLAY DRIVE SUITE 102
    MIDVALE,UT84047     		  PC TO SUPPORT JASON VAN CAMP 125,000
    WESTMINSTER RESCUE MISSION
    P O BOX 285
    WESTMINSTER,MD21158     		  PC TO PROVIDE ONGOING SUPPORT FOR FOOD PROGRAM AND SPONSOR CHEF'S NEST 85,750
    WOMAN TO WOMAN MENTORING INC
    792 OPPOSSUMTOWN PIKE ANNAPOLIS
    BLDG A-103
    FREDERICK,MD21702     		  PC TO SUPPORT OPERATING COSTS AND WOMEN IN STEM MENTORSHIP PROGRAM 25,000
    YMCA OF CENTRAL MARYLAND INC
    303 WEST CHESAPEAKE AVENUE
    BALTIMORE,MD21204     		  PC TO SUPPORT INVEST IN BALTIMORE'S FUTURE MISSION EXPANSION CAMPAIGN 250,000
    YOUNIQUE FOUNDATION
    3400 W MAYFLOWER AVE SUITE 500
    LEHI,UT84043     		  PC TO SUPPORT GALA 5,000
    ZACHING AGAINST CANCER FOUNDATION
    6700 ALEXANDER BELL DRIVE SUITE 185
    COLUMBIA,MD21046     		  PC TO SUPPORT EXPANSION OF DIRECT PATIENT CARE PROGRAM 40,000
    ZERO - THE END OF PROSTATE CANCER
    515 KING STREET SUITE 420
    ALEXANDRIA,VA22314     		  PC TO PROVIDE SPONSORSHIP FOR CANCER RESEARCH 5,000
    Total .................................bullet 3a 13,043,700
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 137,323  
    4 Dividends and interest from securities....     14 502,821  
    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.....     14 10  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 16,166,779  
    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).. 0 16,806,933 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,806,933
    (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 AccountingFeesSchedule
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 22,000 22,000   0

    TY 2018 GeneralExplanationAttachment
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Identifier Return Reference Explanation
    MISSION STATEMENT FORM 990-PF THE KAHLERT FOUNDATION'S MISSION IS TO PROVIDE GRANTS TO NON-PROFIT ORGANIZATIONS TO IMPROVE THE QUALITY OF LIFE AND WELL-BEING OF THE COMMUNITY IN THE AREAS OF HEALTH CARE, YOUTH PROGRAMS, EDUCATION, VETERAN ORGANIZATIONS, AND HUMAN SERVICES. OUR FOCUS IS IN MARYLAND AND UTAH BUT ALSO INCLUDES NORTHERN VIRGINIA, SOUTHERN PENNSYLVANIA, AND WASHINGTON DC.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,171,484 1,191,382

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 60,817,313 231,116,083
    MUTUAL FUNDS 9,539,484 11,223,429

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    US Government Securities - End of Year Book Value:

    1,193,138
    US Government Securities - End of Year Fair Market Value:

    1,220,585
    State & Local Government Securities - End of Year Book Value:


    204,522
    State & Local Government Securities - End of Year Fair Market Value:


    200,129


    TY 2018 LegalFeesSchedule
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,500 1,500   0


    TY 2018 OtherExpensesSchedule
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGES 266 266   0
    OFFICE EXPENSE 12,646 12,646   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 10 10 10


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODY FEES 3,378 3,378   0
    INVESTMENT MANAGEMENT FEES 106,361 106,361   0


    TY 2018 TaxesSchedule
    Name:
    THE KAHLERT FOUNDATION INC
    EIN:
    52-1798711
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX ON INVESTMENT INCOME FOR FYE 06/30/2018 337,015 0   0
    FOREIGN TAXES WITHHELD ON INVESTMENTS 1,841 1,841   0