Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
WAITT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1397
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTH SIOUX CITY, SD57049
A Employer identification number

46-0428166
B Telephone number (see instructions)

(605) 232-9929
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$139,270,650J 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 50,617 50,617  
4 Dividends and interest from securities... 1,335,778 1,335,778  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 5,891,745
b Gross sales price for all assets on line 6a 5,854,989
7 Capital gain net income (from Part IV, line 2)... 6,670,588
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 535,903 31,008  
12 Total. Add lines 1 through 11........ 7,814,043 8,087,991  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 258,446 0   258,446
14 Other employee salaries and wages...... 245,921 0   245,921
15 Pension plans, employee benefits....... 76,438 0   93,195
16a Legal fees (attach schedule)......... Click to see attachment 922 0   922
b Accounting fees (attach schedule)....... Click to see attachment 51,350 0   53,761
c Other professional fees (attach schedule).... Click to see attachment 612,023 447,037   166,101
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 95,585 16,188   0
19 Depreciation (attach schedule) and depletion... 43,879 0  
20 Occupancy.............. 147,573 0   158,700
21 Travel, conferences, and meetings....... 148,429 0   148,429
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 96,339 0   135,996
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,776,905 463,225   1,261,471
25 Contributions, gifts, grants paid....... 6,766,805 6,649,605
26 Total expenses and disbursements. Add lines 24 and 25 8,543,710 463,225   7,911,076
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -729,667
b Net investment income (if negative, enter -0-) 7,624,766
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............. 0    
2 Savings and temporary cash investments......... 1,729,774 4,235,293 4,235,293
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.......... 24,949 20,321 20,321
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 70,492,611 Click to see attachment62,306,027 62,306,027
c Investments—corporate bonds (attach schedule)....... 20,838,736 Click to see attachment17,573,456 17,573,456
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 57,656,938 Click to see attachment54,920,992 54,920,992
14 Land, buildings, and equipment: basis bullet289,343
Less: accumulated depreciation (attach schedule) bullet88,107 235,165 Click to see attachment201,236 201,236
15 Other assets (describe bullet) Click to see attachment2,935,454 Click to see attachment13,325 Click to see attachment13,325
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 153,913,627 139,270,650 139,270,650
Liabilities 17 Accounts payable and accrued expenses.......... 183,696 226,201
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) Click to see attachment14,226 Click to see attachment523,867
23 Total liabilities (add lines 17 through 22)......... 197,922 750,068
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.................. 153,715,705 138,520,582
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)..... 153,715,705 138,520,582
31 Total liabilities and net assets/fund balances (see instructions). 153,913,627 139,270,650
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
153,715,705
2
Enter amount from Part I, line 27a .....................
2
-729,667
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
152,986,038
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
14,465,456
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
138,520,582
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 CAPITAL GAINS FROM PARTNERSHIP P    
b CAPITAL GAINS FROM PUBLICLY TRADED SECURITIES      
c CAPITAL GAINS FROM SALE OF PTP P    
d
e
(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       812,733
b 5,854,989     5,854,989
c       2,866
d
e
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       812,733
b       5,854,989
c       2,866
d
e
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 6,670,588
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 7,409,155 149,749,199 0.049477
2016 7,187,835 139,916,696 0.051372
2015 7,255,434 143,017,095 0.050731
2014 6,737,080 147,046,063 0.045816
2013 7,016,105 142,444,694 0.049255
2
Total of line 1, column (d) .....................
2
0.246651
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
0.049330
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
152,656,622
5
Multiply line 4 by line 3......................
5
7,530,551
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
76,248
7
Add lines 5 and 6........................
7
7,606,799
8
Enter qualifying distributions from Part XII, line 4,.............
8
7,921,870
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 76,248
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 76,248
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 76,248
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 46,550
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 96,550
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1,012
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 19,290
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11 19,290
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)
    bulletCA, SD
    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.WAITTFOUNDATION.ORG
    14
    The books are in care ofbulletJOSH SHERER Telephone no.bullet (605) 232-9929

    Located atbulletPO BOX 1397NORTH SIOUX CITYSD ZIP+4bullet57049
    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
     
    No
    .........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). Click to see attachment
    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
    THEODORE W WAITT CHAIRMAN/DIRECTOR
    6.00     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    HAILEY WAITT DIRECTOR
    0.50     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    CINDY WAITT DIRECTOR
    0.50     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    DAVE RUSSELL VICE CHAIRMAN/DIRECTOR
    0.50     		0 0 0
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    JACOB JAMES MANAGING DIRECTOR
    40.00     		258,446 15,818 192
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    SHANE HARTNETT DIRECTOR
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    JOSH SHERER TREASURER
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    MARK DICKEY SECRETARY
    2.00     		0 0 0
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049
    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
    CHERIE PROTHRO-SHEA PROGRAM & OPS DIRECT
    40.00     		159,998 29,678 261
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    CELINA LAFRAMBOISE ADMINISTRATIVE ASSIS
    40.00     		57,749 8,827 21
    7817 IVANHOE AVE SUITE 300
    LA JOLLA,CA92037
    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
    150,249,846
    b
    Average of monthly cash balances.......................
    1b
    4,711,175
    c
    Fair market value of all other assets (see instructions)................
    1c
    20,321
    d
    Total (add lines 1a, b, and c).........................
    1d
    154,981,342
    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
    154,981,342
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,324,720
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    152,656,622
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,632,831
    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
    7,632,831
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    76,248
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    14,361
    c
    Add lines 2a and 2b............................
    2c
    90,609
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,542,222
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,542,222
    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
    7,542,222
    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
    7,911,076
    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
    10,794
    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
    7,921,870
    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
    76,248
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,845,622
    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 7,542,222
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 6,774,269
    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......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 7,921,870
    a Applied to 2017, but not more than line 2a 6,774,269
    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..... 1,147,601
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		6,394,621
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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).)
    THEODORE W WAITT
    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:
    CHERIE PROTHRO-SHEA
    PO BOX 1948
    LA JOLLA,CA92038
    (858) 551-4400
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATIONS ARE ACCEPTED FOR WF'S RAPID OCEAN CONSERVATION ('ROC') GRANTS PROGRAM APPLICATIONS MUST BE COMPLETED UTILIZING WF'S PRELIMINARY GRANT REQUEST VIA ITS WEBSITE WAITTFOUNDATION.ORG, AFTER THE GRANT APPLICANT REVIEWS WF'S GRANT GUIDELINES AND GRANTEE REQUIREMENTS ALSO FOUND ON ITS WEBSITE AN APPLICANT MUST PROVIDE ITS US TAX IDENTIFICATION NUMBER AND MUST BE PREPARED TO PROVIDE A CURRENT COPY OF ITS IRS 501(C)(3) DETERMINATION LETTER INTERNATIONAL APPLICANTS OUTSIDE THE US MUST PROVIDE PROOF OF PUBLIC CHARITABLE STATUS EQUIVALENT UNDER US LAWS
    cAny submission deadlines:
    PRELIMINARY GRANT REQUESTS ARE ACCEPTED YEAR-ROUND VIA WF'S WEBSITE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    WAITT FOUNDATION LIMITS ITS GRANTS ACCORDING TO THE CRITERIA DEFINED IN TEH GRANTS GUIDELINES AND GRANTEE REQUIREMENTS SECTION ON ITS WEBSITE (WAITTFOUNDATION.ORG) ITS GRANTEES MUST HAVE PROGRAMS THAT ARE PROJECT SPECIFIC WITH TANGIBLE AND MEASURABLE RESULTS PRIORITY IS GIVEN TO INITIATIVES ADDRESSING WF'S CORE FOCUS, OCEAN CONSERVATION WHILE WF MAY MAKE EXCEPTIONS IN SPECIAL CIRCUMSTANCES, IT GENERALLY DOES NOT SUPPORT PROGRAMS OR ORGANIZATIONS THAT FALL OUTSIDE OF ITS KEY AREAS OF FOCUS, AND DOES NOT ACCEPT PROPOSALS TO SUPPORT INDIVIDUALS, EVENT FUNDRAISERS AND SPONSORHIPS, ENDOWMENTS, OR LOBBYING OF ANY KIND THE MAXIMUM AMOUNT FOR WF ROC GRANT REQUEST IS $15,000
    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
    BEYOND OUR SHORES FOUNDATION
    2027 DEERTREE LANE
    ROCKVILLE,MD20851     		NONE PC ROC GRANT 15,000
    BISHOP HEELAN CATHOLIC SCHOOLS
    PO BOX 1439
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 1,600
    BLUE WORLD FOUNDATION
    1900 PURDY AVE SUITE 803
    MIAMI BEACH,FL33139     		NONE PC ROC GRANT 13,400
    BOSTON UNIVERSITY
    435 ROSEMONT ST
    LA JOLLA,CA92037     		NONE PC ROC GRANT 20,000
    BREN SCHOOL OF ENVIRONMENTAL SCIENCE & MANAGEMENT (UCSB)
    2410 BREN HALL UNIVERSITY OF
    CALIFORNIA
    SANTA BARBARA,CA93106     		NONE PC OCEAN CONSERVATION 600,000
    BRIAR CLIFF UNIVERSITY SOCIAL WORK DEPARTMENT
    3303 REBECCA STREET
    SIOUX CITY,IA51104     		NONE PC EMPLOYEE MATCH 200
    CAVER HOOPS BOOSTER CLUB
    6760 UNIVERSITY AVENUE
    SAN DIEGO,CA91915     		NONE PC EMPLOYEE MATCH 1,800
    CHURCH WORLD SERVICE
    28606 PHILLIPS STREET
    ELKHART,IN46515     		NONE PC EMPLOYEE MATCH 250
    COUNCIL ON SEXUAL ASSAULT AND DOMESTIC VIOLENCE
    POBOX 1565
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 500
    EARTH LAW CENTER
    249 EAST 118TH STREET SUITE 3B
    NEW YORK,NY10035     		NONE PC ROC GRANT 12,000
    FISH FOREVER RARE INC
    1310 N COURTHOUSE ROAD SUITE 110
    ARLINGTON,VA22201     		NONE PC OCEAN CONSERVATION 500,000
    FOOD BANK OF SIOUXLAND
    PO BOX 985
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 364
    FOREVER COSTA RICA
    SABANA NORTE TORRE LA SABANA PISO 5
    SAN JOSE    
    CS     		NONE NC OCEAN CONSERVATION 75,000
    FOUNDATION FUNDESABANAS
    STREET 6C 15C-116
    SINCELEJO   700001
    CO     		NONE NC ROC GRANT 10,000
    FRIENDS OF FM90
    PO BOX 5199
    SIOUX CITY,IA51106     		NONE PC EMPLOYEE MATCH 500
    HEART OF LOS ANGELES
    2701 WILSHIRE BOULEVARD SUITE 100
    LOS ANGELES,CA90057     		NONE PC EMPLOYEE MATCH 25
    HOSPICE OF SIOUXLAND
    4300 HAMILTON BLVD
    SIOUX CITY,IA51104     		NONE PC EMPLOYEE MATCH 100
    INKA TERRA ASOCIACION
    CALLE VICTOR LARCO HERRERA 130
    MIRAFLORES   15074
    PE     		NONE NC ROC GRANT 10,500
    INTERNATIONAL POLE AND LINE FOUNDATION
    7-14 GREAT DOVER ST
    LONDON    
    UK     		NONE NC ROC GRANT 10,000
    ISLAND CONSERVATION
    2100 DELAWARE AVENUE SUITE 1
    SANTA CRUZ,CA95060     		NONE PC ROC GRANT 14,365
    IUCN INTERNATIONAL UNION FOR CONSERVATION OF NATURE AND NATURAL RESOURCES
    1630 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20009     		NONE PC ROC GRANT 20,000
    KPBS PUBLIC BROADCASTING
    5200 CAMPANILE DRIVE
    SAN DIEGO,CA92182     		NONE PC EMPLOYEE MATCH 1,383
    KULTURECITY
    723 MONTGOMERY HWY PMB 392
    VESTAVIA,AL35216     		NONE PC EMPLOYEE MATCH 10,000
    LATIN AMERICAN SEA TURTLES
    200 METERS NORTH 25 WEST OF TIBS
    COUNTRY BUILDING
    SAN JOSE    
    CS     		NONE NC ROC GRANT 9,800
    LOS CABOS COASTKEEPER AC
    AVENIDA DE LA JUVENTUD NO 52 JUAREZ
    CABO SAN LUCAS   23469
    MX     		NONE NC ROC GRANT 9,800
    MALPELO AND OTHER MARINE ECOSYSTEMS FOUNDATION
    CARRERA 11 87-51/LOCAL 4 -- PISO 2
    BOGOTA DC   11001000
    CO     		NONE NC ROC GRANT 10,500
    MAMA'S KITCHEN
    3960 HOME AVE
    SAN DIEGO,CA92105     		NONE PC EMPLOYEE MATCH 25
    MARINE CONSERVATION CAMBODIA
    KEP OCEANARIUM KOH TONSAI PIER
    KEP TOWN,KEP PROVINCE22101
    CB     		NONE NC ROC GRANT 15,000
    MARINE CONSERVATION INSTITUTE
    4010 STONE WAY N SUITE 210
    SEATTLE,WA98103     		NONE PC OCEAN CONSERVATION 150,000
    MARVIVA FOUNDATION
    110 METERS SOUTH OF SCOTIABANK
    ROHRMOSER
    SAN JOSE   10109
    CS     		NONE PF ROC GRANT 9,994
    MAULE ITATA COASTKEEPER
    RUTA M80 CARDONAL BAJO LOS MOLINOS
    PELLUHUE   3710000
    CI     		NONE NC ROC GRANT 10,000
    MENTAL HEALTH ASSOCIATION OF SIOUXLAND
    2401 15TH ST PL
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 600
    MISION TIBURON
    RESIDENCIAL IDEA VERDE FRENTE VILLA
    NACAZCOL CASA CONTIGUA CANCHA DE TE
    EL COCO,GUANACASTLE50503
    CS     		NONE NC ROC GRANT 12,000
    MONTENEGRIN ECOLOGISTS SOCIETY
    BULEVAR SVETOG PETRA CETINJSKOG 73
    PODGORICA   81000
    MJ     		NONE NC ROC GRANT 3,380
    NATIONAL MULTIPLE SCLEROSIS SOCIETY DENVER METRO OFFICE
    900 S BROADWAY 2ND FLOOR
    DENVER,CO90209     		NONE PC EMPLOYEE MATCH 250
    NORM WAITT SR YMCA
    601 RIVERVIEW DRIVE
    SOUTH SIOUX CITY,NE68776     		NONE PC EMPLOYEE MATCH 2,200
    OCEANO AZUL FOUNDATION
    OCEANARIO DE LISBOA ESPLANADA D
    CARLOS I
    LISBOA   1990-005
    PO     		NONE NC OCEAN CONSERVATION 200,000
    OCEANS 5
    6 WEST 48TH STREET 10TH FLOOR
    NEW YORK,NY10036     		NONE PC OCEAN CONSERVATION 1,000,000
    PACIFIC WILD ALLIANCE
    1567 HIGHLANDS DRIVE NE SUITE
    101-373
    ISSAQUAH,WA98029     		NONE PC ROC GRANT 10,000
    PARTNERSHIP 4 KIDS
    1004 FARNAM 200
    OMAHA,NE68102     		NONE SOUNK EMPLOYEE MATCH 250
    PASO PACIFICO
    872 E FRONT STREET SUITE 200
    VENTURA,CA93001     		NONE PC OCEAN CONSERVATION 25,000
    PHOENIX ISLANDS PROTECTED AREA CONSERVATION TRUST
    PO BOX 366 BIKENIBEW
    TARAWA    
    KR     		NONE NC OCEAN CONSERVATION 500,000
    REACH OUT HONDURAS
    PO BOX 2993
    MICKINNEY,TX75070     		NONE PC EMPLOYEE MATCH 100
    REEFS FOR LIFE
    269 SOUTH BEVERLY DRIVE SUITE 338
    BEVERLY HILLS,CA90212     		NONE PC ROC GRANT 10,000
    REGENTS OF THE UNIVERSITY OF CALIFORNIA AT SAN DIEGO
    9500 GILMAN DRIVE 0059
    LA JOLLA,CA92093     		NONE PC OCEAN CONSERVATION 26,369
    SALVATION ARMY OF SIOUX CITY
    1415 VILLA STREET
    SIOUX CITY,IA51103     		NONE PC EMPLOYEE MATCH 100
    SATURDAY IN THE PARK INC
    PO BOX 5104
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 5,000
    SEACOLOGY
    1623 SOLANO AVE
    BERKELEY,CA94707     		NONE PC ROC GRANT 10,000
    SHESLER HALL
    1308 NEBRASKA STREET
    SIOUX CITY,IA51105     		NONE PC ROC GRANT 500
    SHESLER HALL
    1308 NEBRASKA STREET
    SIOUX CITY,IA51105     		NONE PC EMPLOYEE MATCH 1,000
    SIOUX CITY CONSERVATORY OF MUSIC
    1309 PIERCE ST
    SIOUX CITY,IA51105     		NONE PC EMPLOYEE MATCH 100
    SIOUXLAND COMMUNITY FOUNDATION
    505 FIFTH STREET SUITE 412
    SIOUX CITY,IA51101     		NONE PC EMPLOYEE MATCH 100
    SOUTH ATLANTIC ENVIRONMENTAL RESEARCH INSTITUTE
    STANLEY COTTAGE NORTH ROSS ROAD
    STANLEY    
    FK     		NONE NC ROC GRANT 7,500
    SUSTAINABLE OCEAN ALLIANCE
    1160 BATTERY STREET
    SAN FRANCISCO,CA94111     		NONE PC OCEAN CONSERVATION 6,000
    THE BAHAMAS PROTECTED AREAS FUND
    MINISTRY OF THE ENVIRONMENT
    CHARLOTTE HOUSE
    NASSAU    
    BF     		NONE NC OCEAN CONSERVATION 100,000
    THE GOSPEL MISSION
    500 BLUFF STREET PO BOX 3745
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 100
    THE LEUKEMIA & LYMPHOMA SOCIETY
    123 NW 36TH STREET
    SEATTLE,WA98107     		NONE PC EMPLOYEE MATCH 100
    THE NATURE CONSERVANCY
    201 MISSION STREET 4TH FLOOR
    SAN FRANCISCO,CA94105     		NONE PC OCEAN CONSERVATION 75,000
    THE ROB BENZON FOUNDATION
    4587 TERRACE DRIVE
    SAN DIEGO,CA92116     		NONE PC EMPLOYEE MATCH 900
    THE SAN DIEGO FOUNDATION
    2508 HISTORIC DECATUR ROAD SUITE
    200
    SAN DIEGO,CA92101     		NONE PC COMMUNITY BUILDING 100,000
    TROPICAL RESEARCH AND CONSERVATION CENTRE
    41 ORON RD
    UYO    
    NI     		NONE NC ROC GRANT 5,400
    UNITED WAY OF SIOUXLAND
    701 STEUBEN STREET
    SIOUX CITY,IA51101     		NONE PC EMPLOYEE MATCH 4,000
    UNIVERSITY OF CALIFORNIA LOS ANGELES UCLA INSTITUTE OF THE ENVIRONMENT
    619 CHARLES E YOUNG DRIVE EAST LA
    KRETZ HALL SUITE 300
    LOS ANGELES,CA90095     		NONE PC OCEAN CONSERVATION 300,000
    UNIVERSITY OF MASSACHUSETTS DARTMOUTH SCHOOL OF MARINE SCIENCE AND TECHNOLO
    OLD WESTPORT RD N
    DARTMOUTH,MA02747     		NONE PC ROC GRANT 10,000
    VALLEY CHARTER SCHOOL
    16514 NORDHOFF ST
    NORTH HILLS,CA91343     		NONE PC EMPLOYEE MATCH 300
    VOICES OF HOPE LINCOLN INC
    2545 N STREET
    LINCOLN,NE68510     		NONE PC EMPLOYEE MATCH 100
    WAITT INSTITUTE
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049     		NONE POF OCEAN CONSERVATION 1,600,000
    WAITT INSTITUTE FOR VIOLENCE PREVENTION
    801 RIVER DRIVE SUITE 200
    NORTH SIOUX CITY,SD57049     		NONE POF COMMUNITY BUILDING 100,000
    WARMING SHELTER INC
    916 NEBRASKA STREET
    SIOUX CITY,IA51105     		NONE PC EMPLOYEE MATCH 100
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BOULEVARD
    BRONX,NY10460     		NONE PC OCEAN CONSERVATION 1,000,000
    YOUTH FOR CHRIST USA INC
    PO BOX 1626
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 100
    UNION OF PAN ASIAN COMMUNITIES
    1031 25TH STREET
    SAN DIEGO,CA92102     		NONE PC EMPLOYEE MATCH 250
    SIOUXLAND HABITAT FOR HUMANITY
    PO BOX 5318
    SIOUX CITY,IA51102     		NONE PC EMPLOYEE MATCH 100
    THE CENTER
    PO BOX 3357
    SAN DIEGO,CA92163     		NONE PC EMPLOYEE MATCH 100
    NETWORK FOR GOOD INC
    1140 CONNECTICUT AVENUE NW NO 700
    WASHINGTON,DC20036     		NONE PC EMPLOYEE MATCH 500
    Total .................................bullet 3a 6,649,605
    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 50,617  
    4 Dividends and interest from securities....     14 1,335,778  
    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 5,891,745  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME PER BOOKS     		    14 535,903  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,814,043 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,814,043
    (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:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 51,350 0   53,761

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    TY 2018 ExpenditureResponsibilityStmt
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    FOUNDATION FUNDESABANAS
          		STREET 6C 15C-116
    SINCELEJO   700001
    CO     		2018-08-02 10,000 ROC GRANT 10,000 NONE      
    INKA TERRA ASOCIACION
          		CALLE VICTOR LARCO HERRERA 130
    MIRAFLORES   15074
    PE     		2018-08-17 10,500 ROC GRANT 10,500 NONE      
    INTERNATIONAL POLE AND LINE FOUNDATION
          		7-14 GREAT DOVER ST
    LONDON   SE1 4YR
    UK     		2018-12-19 10,000 ROC GRANT 10,000 NONE      
    FOREVER COSTA RICA
          		SABANA NORTE TORRE LA SABANA PISO 5
    SAN JOSE    
    CS     		2018-12-05 75,000 OCEAN CONSERVATION 75,000 NONE      
    LATIN AMERICAN SEA TURTLES
          		200 METERS NORTH 25 WEST OF TIBS
    COUNTRY BUILDING
    SAN JOSE    
    CS     		2018-12-14 9,800 ROC GRANT 9,800 NONE      
    LOS CABOS COASTKEEPER AC
          		AVENIDA DE LA JUVENTUD NO 52
    DOWNTOWN JUAREZ
    CABO SAN LUCAS   23469
    MX     		2018-04-24 9,800 ROC GRANT 9,800 NONE      
    TROPICAL RESEARCH AND CONSERVATION CENTRE
          		41 ORON RD
    UYO    
    NI     		2018-09-20 5,400 ROC GRANT 5,400 NONE      
    OCEANO AZUL FOUNDATION
          		OCEANARIO DE LISBOA ESPLANADA D
    CARLOS I
    LISBOA   1990-005
    PO     		2018-12-12 200,000 OCEAN CONSERVATION 200,000 NONE      
    PHOENIX ISLANDS PROTECTED AREA CONSERVATION TRUST
          		PO BOX 366 BIKENIBEU
    TARAWA    
    KR     		2018-12-05 500,000 OCEAN CONSERVATION 500,000 NONE      
    THE BAHAMAS PROTECTED AREAS FUND
          		MINISTRY OF THE ENVIRONMENT
    CHARLOTTE HOUSE
    NASSAU    
    BF     		2018-12-06 100,000 OCEAN CONSERVATION 100,000 NONE      
    MARVIVA FOUNDATION
          		110 METERS SOUTH OF SCOTIABANK
    ROHRMOSER
    SAN JOSE   10109
    CS     		2018-12-19 9,994 ROC GRANT 9,994 NONE      
    MALPELO AND OTHER MARINE ECOSYSTEMS FOUNDATION
          		CARRERA 11 87-51/LOCAL 4 -- PISO 2
    BOGOTA DC   11001000
    CO     		2018-09-12 10,500 ROC GRANT 10,500 NONE      
    MARINE CONSERVATION CAMBODIA
          		KEP OCEANARIUM KOH TONSAI PIER
    KEP TOWN,KEP PROVINCE22101
    CB     		2018-08-31 15,000 ROC GRANT 15,000 NONE      
    MAULE ITATA COASTKEEPER
          		RUTA M80 CARDONAL BAJO LOS MOLINOS
    PELLUHUE   3710000
    CI     		2018-11-30 10,000 ROC GRANT 10,000 NONE      
    MISION TIBURON
          		RESIDENCIAL IDEA VERDE FRENTE VILLA
    NACAZCOL CASA CONTIGUA CANCHA DE TE
    EL COCO,GUANACASTLE50503
    CS     		2018-04-16 12,000 ROC GRANT 12,000 NONE      
    MONTENEGRIN ECOLOGISTS SOCIETY
          		BULEVAR SVETOG PETRA CETINJSKOG 73
    PODGORICA   81000
    MJ     		2018-09-19 3,380 ROC GRANT 3,380 NONE      
    SOUTH ATLANTIC ENVIRONMENTAL RESEARCH INSTITUTE
          		STANLEY COTTAGE NORTH ROSS ROAD
    STANLEY    
    FK     		2018-12-20 7,500 ROC GRANT 7,500 NONE      

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    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CAPITAL GAINS FROM PARTNERSHIP   PURCHASED           0 -775,133  
    SALE OF FIXED ASSETS 2017-02 PURCHASED 2018-12     1,332   0 -844 488
    CAPITAL GAINS FROM SALE OF PTP   PURCHASED           0 -2,866  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FIXED INCOME FUND - FIRST PACIFIC ADVISORS(FPA) 3,498,712 3,498,712
    FIXED INCOME FUND - METROPLITAN WEST 4,927,528 4,927,528
    FIXED INCOME FUND - OAKTREE ENHANCED INCOME 2,459,691 2,459,691
    FIXED INCOME FUND - GREYLOCK GLOBAL 3,493,145 3,493,145
    FIXED INCOME FUND - COLCHESTER GLOBAL BOND 3,194,380 3,194,380

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARTISAN GROWTH OPP FUND 10,554,625 10,554,625
    HARDING LOEVNER INTL 8,599,636 8,599,636
    VANGUARD WINDSOR II ADMIRAL 7,261,261 7,261,261
    DELWARE POOLED/JACKSON SQUARE 6,144,358 6,144,358
    EQUITIES - RIVER ROAD 7,569,450 7,569,450
    IVA INTERNATIONAL FUND 7,798,456 7,798,456
    ISHARES MSCI EUROZONE 1,786,307 1,786,307
    EVERMORE GLOBAL VALUE FUND 2,153,254 2,153,254
    OPPENHEIMER DEVELOPING MARKETS FUND 3,590,362 3,590,362
    OPPENHEIMER EMERGING MARKETS FUND 833,641 833,641
    MATHEWS JAPAN 1,883,367 1,883,367
    ISHARES RUSSELL 2000 2,209,947 2,209,947
    ISHARES CORE 1,921,363 1,921,363

    TY 2018 InvestmentsOtherSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AKO LIMITED FUND FMV 2,781,162 2,781,162
    BAY RESOURCE PARTNERS FMV 1,793,643 1,793,643
    WHITE ELM CAPITAL OFFSHORE FMV 2,457,616 2,457,616
    CARAVEL FUND (OFFSHORE) LTD FMV 19,577 19,577
    GLOBAL EVENT PARTNERS FMV 3,144,959 3,144,959
    CFM STRATUS FUND, LTD. FMV 7,028 7,028
    OZ ASIA OVERSEAS, LTD. FMV 19,716 19,716
    KINGSTOWN PARTNERS OFFSHORE FMV 2,166,184 2,166,184
    TACONIC OPPORTUNITY OFFSHORE FMV 2,449,498 2,449,498
    FARALLON CAPITAL FMV 3,417,895 3,417,895
    AG SUPER FUND INT'L LTD FMV 2,432,843 2,432,843
    AG CAPITAL RECOVERY VII HOLDINGS FMV 248,322 248,322
    BLACKSTONE TACTICAL OPPS FUND FMV 1,672,566 1,672,566
    FORWARD VENTURES IV FMV 443,438 443,438
    GREENSPRING GLOBAL PARTNERS V-B FMV 3,077,190 3,077,190
    GREENSPRING GLOBAL PARTNERS VII-B FMV 2,281,676 2,281,676
    POMONA CAPITAL FMV 44,353 44,353
    VARDE FUND XII FMV 1,164,355 1,164,355
    VIVO VENTURES FUND FMV 943,456 943,456
    VIVO CAPITAL VIII FMV 1,048,989 1,048,989
    WAVE EQUITY FUND FMV 1,243,560 1,243,560
    AG SECURITY ASSET RECOVERY FMV 165,425 165,425
    CANYON LAUREL INVESTMENT FUND FMV 910,170 910,170
    FOLIUM CAPITAL AGRICULTURE FUND FMV 688,570 688,570
    FOLIUM CAPITAL TIMBER FUND FMV 166,280 166,280
    Q-BLK REAL ASSETS LP FMV 403,550 403,550
    WHITEHALL PRTSHP FMV 32,291 32,291
    UBS TRUMBULL PROPERTY FMV 1,905,017 1,905,017
    D.E. SHAW COMPOSITE INT'L FMV 4,564,324 4,564,324
    CRC GLOBAL STRUCTURED CR FUND FMV 2,527,829 2,527,829
    EMPYREAN CAPITAL FUND FMV 1,509,163 1,509,163
    EMSO LTD FMV 1,411,886 1,411,886
    TYBOURNE EQUITY FUND FMV 1,392,555 1,392,555
    CHILDREN'S INVESTMENT FUND FMV 2,509,000 2,509,000
    ALPS CORE COMMODITY FMV 3,500,000 3,500,000
    CHARLESBANK EQUITY FUND FMV 332,022 332,022
    VARDE FUND XIII FMV 44,884 44,884

    TY 2018 LandEtcSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SOFTWARE- GIFTS FOR WINDOWS 13,681 13,681 0  
    (2) OPEN ROV KITS 1,796 1,796 0  
    MACBOOK LAPTOP 1,716 1,716 0  
    IVANHOE APPLIANCES 9,281 2,707 6,574 6,574
    LIGHT FIXTURES & INTERN BAR 5,625 1,507 4,118 4,118
    KITCHEN SHELVES & ISLAND 7,602 2,037 5,565 5,565
    WALL MURAL 4,504 1,099 3,405 3,405
    BLINDS - ENTIRE OFFICE 10,794 2,634 8,160 8,160
    DRIFTWOOD DINING TABLE BASE 84" 2,509 583 1,926 1,926
    DRIFTWOOD DINING TABLE BASE 51" 2,009 467 1,542 1,542
    SADDLE LEATHER SIDE CHAIRS - 14 QTY 7,633 1,772 5,861 5,861
    84" GLASS TOP FOR CONFERENCE TABLE 1,600 391 1,209 1,209
    51" GLASS TOP FOR CONFERENCE TABLE 826 202 624 624
    APPLE LAPTOP MBP 13.3-INTERN 1,523 471 1,052 1,052
    TRIPLE DOOR MEDIA CONSOLE - 6 QTY 9,672 2,245 7,427 7,427
    GREY OAK MACHINTO SHELVING 48X78 2,178 506 1,672 1,672
    4-DOOR MEDIA CONSOLE 64X18X28 1,774 391 1,383 1,383
    4-DOOR MEDIA CONSOLE 80X18X28 2,016 468 1,548 1,548
    ELLISON LEATHER SIDE CHAIRS - 14 QTY 9,323 1,942 7,381 7,381
    MONTEREY PLINTH 80" COFFEE TABLE 1,173 272 901 901
    MOTORCITY LEATHER SWIVEL CHAIRS - 4 QTY 9,614 2,232 7,382 7,382
    PETRIFIED WOOD STUMP SIDE TABLE - 2 QTY 1,547 359 1,188 1,188
    21" COOPER LEATHER ROUND OTTOMAN- 2 QTY 1,710 397 1,313 1,313
    SILVER SQUARE COLUMN FLOOR LAMP - 2 QTY 887 204 683 683
    FRENCH DRUM LINEN SHADE - 2 QTY 163 38 125 125
    CLOUD MODULAR LEATHER SOFA 9,286 2,156 7,130 7,130
    COWHIDE MENTO RUG - GREY/BLACK 2,840 659 2,181 2,181
    VINTAGE TOLEDO BAR CHAIR - 4 QTY 1,286 299 987 987
    OVIEDO LEATHER PEWTER BARSTOOL - 4QTY 7,480 1,736 5,744 5,744
    700 SERIES FIVE DRAWER LATERAL FILE 42W 1,840 428 1,412 1,412
    700 SERIES FIVE DRAWER LATERAL FILE 36W 796 185 611 611
    TEKNION OFFICE DESKS - 7 QTY 21,763 5,052 16,711 16,711
    TEKNION EXECUTIVE OFFICE CHAIR - 8 QTY 7,430 1,725 5,705 5,705
    MFLEX FOR M2 DUAL MONITOR ARMS 7 QTY 3,441 799 2,642 2,642
    WAVE SCULPTURE IN LG CONF ROOM 4,585 901 3,684 3,684
    MACBOOK PRO 13" - JACOB JAMES 1,910 398 1,512 1,512
    YOGA 910 LENOVO 16GB - CHERIE PROTHRO 1,248 322 926 926
    LENOVO 23.8" COMPUTER MONITORS QTY 2 508 173 335 335
    VIEWSONIC 22" COMPUTER MONITORS QTY 14 3,337 1,140 2,197 2,197
    VIZIO 70" M-SERIES TV - QTY 3 6,333 2,163 4,170 4,170
    POLYCOM SOUNDSTATION WIRELESS CONF PHONE 790 270 520 520
    OFFICE ART - 8 PIECES 5,114 1,247 3,867 3,867
    CLARUS GLASSBOARD (NON-MAGNETIC) 36X42 3,726 909 2,817 2,817
    CLARUS GLASSBOARD (NON-MAGNETIC) 36X48 3,740 913 2,827 2,827
    CLARUS GLASSBOARD (NON-MAGNETIC) 36X60 1,288 314 974 974
    LA JOLLA LLC TENANT ADDITIONS 73,667 23,942 49,725 49,725
    TENANT ADDITIONS - ISLAND COUNTERTOP 1,332 433 899 899
    WAITT FOUNDATION SIGN RECEPTION AREA 3,653 848 2,805 2,805
    WIRELESS SMOKE DETECTOR 500 38 462 462
    IPHONE X 256GB + CASE/AIRPODS-JJ 1,727 245 1,482 1,482
    SECURITY & ALARM SYSTEM 4,976 373 4,603 4,603
    DESK CHAIR - SHAYNA BRODY 1,118 73 1,045 1,045
    OFFICE DESK - METAL WRAPPED 70X28X30.5 2,473 250 2,223 2,224


    TY 2018 LegalFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 922 0   922


    TY 2018 OtherAssetsSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LEASE DEPOSIT 21,154 13,325 13,325
    REDEEMED INVESTMENT RECEIVABLE 2,914,300 0 0


    TY 2018 OtherDecreasesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Amount
    UNREALIZED GAINS/LOSSES 14,465,456


    TY 2018 OtherExpensesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMMUNICATIONS 17,592 0   18,040
    INFORMATION TECHNOLOGIES 29,375 0   29,331
    BANK FEES 67 0   67
    INSURANCE 14,389 0   14,389
    OFFICE SUPPLIES 8,318 0   8,318
    OUTSIDE SERVICES 1,133 0   1,133
    POSTAGE 2,634 0   2,634
    SUBSCRIPTIONS 4,912 0   4,912
    PERMITS & LICENSES 395 0   420
    MISCELLANEOUS 1,479 0   41,050
    UTILITIES 4,229 0   3,886
    HURRICANE DISASTER EXPENSE 11,816 0   11,816


    TY 2018 OtherIncomeSchedule2
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME PER SCHEDULE K-1S 0 31,008 0
    PARTNERSHIP INCOME PER BOOKS 535,903   535,903


    TY 2018 OtherLiabilitiesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Description Beginning of Year - Book Value End of Year - Book Value
    DUE TO/FROM WAITT INSTITUTE 14,226 -33,560
    DUE TO/FROM WAITT INSTITUTE FOR VIOLENCE PREVENTION 0 -1,265
    CHECKS IN EXCESS OF CASH BALANCE 0 558,692


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 339,820 339,820   1,663
    PROFESSIONAL FEES 62,986 0   62,438
    INVESTMENT MSA FEE 107,217 107,217   0
    ADMIN SERVICES - AVALON 102,000 0   102,000


    TY 2018 TaxesSchedule
    Name:
    WAITT FOUNDATION
    EIN:
    46-0428166
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEES 2,319 0   0
    FEDERAL EXCISE TAX 83,906 0   0
    FOREIGN TAXES 9,360 16,188   0