TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 JACK AND AGGIE BANDY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 624
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DALTON, GA30722

A Employer identification number

65-1230566

B Telephone number (see instructions)

(706) 226-8835

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$8,651,917J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	12,719		12,719
4	Dividends and interest from securities...	158,669		158,669
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-336,105
b	Gross sales price for all assets on line 6a 3,940,616
7	Capital gain net income (from Part IV, line 2)...			0
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).......
12	Total. Add lines 1 through 11........	-164,717		171,388
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		6,000	1,500	4,500
c	Other professional fees (attach schedule)....		31,675	31,675	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,611	842	30
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		137	0	137
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	39,423		34,017	4,667
25	Contributions, gifts, grants paid.......	530,648			530,648
26	Total expenses and disbursements. Add lines 24 and 25	570,071		34,017	535,315
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-734,788
b	Net investment income (if negative, enter -0-)			137,371
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	4,286,360	3,755,612	3,755,612
	2	Savings and temporary cash investments.........	50,363	542,757	542,757
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	4,960,380	4,228,027	4,353,548
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,297,103	8,526,396	8,651,917
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		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
		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	9,297,103	8,526,396
	30	Total net assets or fund balances (see instructions).....	9,297,103	8,526,396
	31	Total liabilities and net assets/fund balances (see instructions).	9,297,103	8,526,396

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

9,297,103

Enter amount from Part I, line 27a .....................

-734,788

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

8,562,315

Decreases not included in line 2 (itemize) bullet

35,919

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

8,526,396

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	ASTRAZENECA	P	2016-08-04	2018-08-06
b	DIGITAL RLTY TR	P	2016-12-29	2018-08-06
c	INTEL CORP	P	2016-08-04	2018-08-22
d	INTEL CORP	P	2016-08-23	2018-08-22
e	LOCKHEED MARTIN	P	2016-10-26	2018-08-06
	AMGEN INC	P	2018-01-18	2018-08-06
	EXELON CORPORATION	P	2018-05-07	2018-08-06
	INTEL CORP	P	2017-09-19	2018-08-22
	INTEL CORP	P	2018-06-01	2018-08-22
	UNITED TECH CORP	P	2018-03-06	2018-08-22
	VODAFONE	P	2018-03-13	2018-09-04
	GENERAL MOTORS	P	2017-11-28	2018-10-02
	EMERSON ELECTRIC	P	2017-10-05	2018-11-08
	KEMET CORP	D	2011-10-14	2018-11-28
	EXXON MOBIL	P	2018-05-30	2019-11-08
	WELLS FARGO	P	2018-08-22	2018-11-08
	CAPITAL PRODUCT PARTNERS	D	2010-06-09	2018-12-13
	CAPITAL PRODUCT PARTNERS	D	2010-08-20	2018-12-13
	CAPITAL PRODUCT PARTNERS	D	2010-08-23	2018-12-17
	CAPITAL PRODUCT PARTNERS	D	2010-08-23	2018-12-17
	CAPITAL PRODUCT PARTNERS	D	2010-10-21	2018-12-17
	DIGITAL RLTY TR	P	2016-12-29	2018-12-20
	EMERSON ELECTRIC	P	2017-10-05	2018-12-12
	PFIZER INC	P	2016-08-04	2018-12-24
	PFIZER INC	P	2016-08-23	2018-12-24
	TORONTO DOMINION BANK	P	2016-08-04	2018-12-20
	TORONTO DOMINION BANK	P	2016-08-23	2018-12-20
	TORONTO DOMINION BANK	P	2017-07-18	2018-12-20
	VERIZON	P	2016-09-09	2018-12-24
	NAVIOS MARITIME PARTNERS	P	2015-03-02	2018-12-13
	NAVIOS MARITIME PARTNERS	P	2015-03-05	2018-12-13
	NAVIOS MARITIME PARTNERS	P	2015-03-05	2018-12-17
	NAVIOS MARITIME PARTNERS	P	2015-03-06	2018-12-17
	NAVIOS MARITIME PARTNERS	P	2015-06-01	2018-12-17
	AMGEN INC	P	2018-01-18	2018-12-20
	AMGEN INC	P	2018-03-21	2018-12-20
	CAPITAL PRODUCT PARTNERS	P	2018-11-16	2018-12-17
	NAVIOS MARITIME PARTNERS	P	2018-11-16	2018-12-17
	ASTRAZENECA	P	2016-08-04	2019-01-14
	ASTRAZENECA	P	2016-08-04	2019-01-22
	ASTRAZENECA	P	2016-08-04	2019-01-23
	ASTRAZENECA	P	2016-12-07	2019-01-23
	ASTRAZENECA	P	2016-12-07	2019-01-24
	ASTRAZENECA	P	2016-12-07	2019-01-25
	BB&T	P	2017-11-01	2019-01-14
	BB&T	P	2018-01-09	2019-01-14
	CISCO SYSTEMS	P	2017-09-27	2019-01-14
	COCA COLA	P	2017-07-18	2019-01-14
	HSBC	P	2017-12-20	2019-01-14
	IBM	P	2017-04-26	2019-01-14
	KEMET CORP	D	2011-10-14	2019-01-14
	LOCKHEED MARTIN	P	2016-10-26	2019-01-14
	TEXAS INSTRUMENTS	P	2017-12-12	2019-01-14
	TEXAS INSTRUMENTS	P	2018-01-09	2019-01-14
	ABBVIE INC	P	2018-03-21	2019-01-14
	BOEING COMPANY	P	2018-05-22	2019-01-14
	CARNIVAL CORP	P	2018-03-13	2019-01-14
	CHEVRON CORP	P	2018-11-08	2019-01-14
	CISCO SYSTEMS	P	2018-04-16	2019-01-14
	DIGITAL RLTY TR	P	2019-01-14	2019-01-22
	DIGITAL RLTY TR	P	2019-01-14	2019-01-23
	DIGITAL RLTY TR	P	2019-01-14	2019-01-24
	DIGITAL RLTY TR	P	2019-01-14	2019-01-25
	EXXON MOBIL	P	2018-05-30	2019-01-14
	EXXON MOBIL	P	2018-09-18	2019-01-14
	EXELON CORPORATION	P	2018-05-07	2019-01-14
	MCDONALDS CORP	P	2018-05-31	2019-01-14
	TEXAS INSTRUMENTS	P	2018-01-25	2019-01-14
	TARGET CORP	P	2018-08-21	2019-01-14
	UNITED TECH CORP	P	2018-03-06	2019-01-14
	NAVIOS MARITIME PARTNERS	P	2018-12-03	2019-01-14
	WALMART INC	P	2018-11-02	2019-01-14
	WALMART INC	P	2018-11-02	2019-01-14
	WELLS FARGO	P	2018-08-22	2019-01-14
	CME GROUP INC	P	2019-01-14	2019-02-05
	CME GROUP INC	P	2019-01-14	2019-02-06
	EXXON MOBIL	P	2018-05-30	2019-01-14
	EXXON MOBIL	P	2018-05-30	2019-01-14
	EXXON MOBIL	P	2018-05-30	2019-01-14
	EXXON MOBIL	P	2018-05-30	2019-01-14
	SYSCO CORPORATION	P	2019-01-14	2019-02-05
	SYSCO CORPORATION	P	2019-01-14	2019-02-06
	SYSCO CORPORATION	P	2019-01-14	2019-02-07
	SYSCO CORPORATION	P	2019-01-14	2019-02-08
	UNITED TECH CORP	P	2018-03-06	2019-01-14
	UNITED TECH CORP	P	2018-03-06	2019-01-14
	UNITED TECH CORP	P	2018-03-06	2019-01-14
	BOEING COMPANY	P	2018-05-22	2019-03-21
	BOEING COMPANY	P	2018-05-22	2019-03-22
	CME GROUP INC	P	2019-01-14	2019-03-18
	CME GROUP INC	P	2019-01-14	2019-03-19
	CME GROUP INC	P	2019-01-14	2019-03-20
	MCDONALDS CORP	P	2018-05-31	2019-03-18
	MCDONALDS CORP	P	2018-05-31	2019-03-19
	CARNIVAL CORP	P	2018-03-13	2019-05-02
	CARNIVAL CORP	P	2018-03-13	2019-05-03
	CISCO SYSTEMS	P	2018-04-16	2019-05-02
	CME GROUP INC	P	2019-01-14	2019-05-02
	CME GROUP INC	P	2019-01-14	2019-05-03
	CISCO SYSTEMS	P	2018-09-25	2019-05-02
	DUKE ENERGY CORP	P	2019-01-14	2019-05-13
	DUKE ENERGY CORP	P	2019-01-14	2019-05-14
	DUKE ENERGY CORP	P	2019-01-14	2019-05-15
	DUKE ENERGY CORP	P	2019-01-14	2019-05-16
	DUKE ENERGY CORP	P	2019-01-14	2019-05-17
	JOHNSON AND JOHNSON	P	2018-09-11	2019-05-02
	JOHNSON AND JOHNSON	P	2018-09-11	2019-05-29
	JOHNSON AND JOHNSON	P	2019-01-14	2019-05-29
	WALMART INC	P	2018-11-02	2019-05-02
	WALMART INC	P	2018-11-02	2019-05-03
	WALMART INC	P	2018-11-02	2019-05-06
	CARNIVAL CORP	P	2018-03-13	2019-06-25
	CARNIVAL CORP	P	2018-03-13	2019-06-26

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	37,960	34,358	3,602
b	24,510	19,706	4,804
c	89,443	65,333	24,110
d	47,249	35,528	11,721
e	90,358	71,044	19,314
	39,551	37,584	1,967
	21,220	20,565	655
	94,499	74,500	19,999
	141,748	170,295	-28,547
	40,481	39,412	1,069
	84,964	114,833	-29,869
	67,165	88,700	-21,535
	41,387	38,381	3,006
	99,999	21,000	78,999
	41,499	40,736	763
	21,172	23,636	-2,464
	20,268	53,882	-33,614
	2,371	6,324	-3,953
	7,083	19,731	-12,648
	7,719	21,502	-13,783
	76,527	213,187	-136,660
	118,241	108,383	9,858
	69,678	73,563	-3,885
	115,381	100,190	15,191
	61,027	52,763	8,264
	76,426	65,615	10,811
	50,181	44,490	5,691
	20,072	20,587	-515
	138,034	138,008	26
	3,609	35,143	-31,534
	4,275	41,063	-36,788
	17,912	190,019	-172,107
	2,178	23,097	-20,919
	2,178	20,659	-18,481
	55,654	56,376	-722
	37,103	36,416	687
	3,324	3,978	-654
	436	540	-104
	15,708	15,015	693
	6,891	6,528	363
	10,304	9,620	684
	2,576	1,824	752
	4,922	3,569	1,353
	7,368	5,366	2,002
	32,340	34,748	-2,408
	69,299	78,299	-9,000
	129,782	101,430	28,352
	73,855	69,788	4,067
	82,419	102,320	-19,901
	102,266	136,425	-34,159
	179,369	42,000	137,369
	14,323	12,962	1,361
	48,199	49,453	-1,254
	48,199	55,027	-6,828
	85,161	112,428	-27,267
	26,880	27,728	-848
	39,633	51,038	-11,405
	16,352	17,736	-1,384
	17,304	17,432	-128
	7,972	8,103	-131
	8,298	8,529	-231
	8,736	8,956	-220
	7,467	7,676	-209
	107,024	122,207	-15,183
	41,525	48,600	-7,075
	27,821	25,336	2,485
	34,118	30,098	4,020
	28,919	33,297	-4,378
	9,537	11,434	-1,897
	11,662	13,926	-2,264
	406	566	-160
	20,115	20,115	0
	2,669	2,669	0
	76,959	94,544	-17,585
	20,123	20,237	-114
	13,149	13,253	-104
	13,984	13,984	0
	10,560	10,560	0
	18,337	18,337	0
	2,212	2,212	0
	16,473	15,870	603
	16,841	16,248	593
	31,094	30,103	991
	12,212	11,777	435
	1,760	1,760	0
	2,750	2,750	0
	3,411	3,411	0
	38,074	36,731	1,343
	44,325	43,572	753
	10,555	11,104	-549
	14,226	15,044	-818
	7,380	7,880	-500
	15,105	13,128	1,977
	29,119	25,456	3,663
	13,575	16,809	-3,234
	12,852	15,860	-3,008
	5,500	4,358	1,142
	14,915	15,402	-487
	25,507	26,326	-819
	17,985	15,921	2,064
	15,338	14,595	743
	10,622	10,175	447
	10,638	10,175	463
	20,483	19,766	717
	20,373	19,683	690
	33,365	32,630	735
	34,387	36,210	-1,823
	40,794	40,052	742
	12,201	12,223	-22
	19,520	19,295	225
	2,532	2,526	6
	17,094	25,553	-8,459
	11,985	17,826	-5,841

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			3,602
b			4,804
c			24,110
d			11,721
e			19,314
			1,967
			655
			19,999
			-28,547
			1,069
			-29,869
			-21,535
			3,006
			78,999
			763
			-2,464
			-33,614
			-3,953
			-12,648
			-13,783
			-136,660
			9,858
			-3,885
			15,191
			8,264
			10,811
			5,691
			-515
			26
			-31,534
			-36,788
			-172,107
			-20,919
			-18,481
			-722
			687
			-654
			-104
			693
			363
			684
			752
			1,353
			2,002
			-2,408
			-9,000
			28,352
			4,067
			-19,901
			-34,159
			137,369
			1,361
			-1,254
			-6,828
			-27,267
			-848
			-11,405
			-1,384
			-128
			-131
			-231
			-220
			-209
			-15,183
			-7,075
			2,485
			4,020
			-4,378
			-1,897
			-2,264
			-160
			0
			0
			-17,585
			-114
			-104
			0
			0
			0
			0
			603
			593
			991
			435
			0
			0
			0
			1,343
			753
			-549
			-818
			-500
			1,977
			3,663
			-3,234
			-3,008
			1,142
			-487
			-819
			2,064
			743
			447
			463
			717
			690
			735
			-1,823
			742
			-22
			225
			6
			-8,459
			-5,841

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-336,105
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 ...................		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? Yes No

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	474,765	9,325,473	0.050911
2016	349,473	9,076,396	0.038503
2015	151,728	7,115,671	0.021323
2014	28,931	3,386,885	0.008542
2013	24,965	552,957	0.045148

Total of line 1, column (d) .....................

0.164427

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 ......

0.032885

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

8,795,383

Multiply line 4 by line 3......................

289,236

Enter 1% of net investment income (1% of Part I, line 27b)...........

1,374

Add lines 5 and 6........................

290,610

Enter qualifying distributions from Part XII, line 4,.............

535,315

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)

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 and enter “N/A" on line 1.
	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	1,374
	hereand 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	1,374
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	1,374
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	1,120
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	1,120
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	254
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

B JACKSON BANDY Telephone no. bullet

(706) 226-8835

Located at bullet

PO BOX 624DALTONGA ZIP+4 bullet

30722

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
B JACKSON BANDY	PRESIDENT 0.00	0	0	0
607 VALLEY DRIVE DALTON,GA30720	PRESIDENT 0.00	0	0	0
KARL J JORDAN	TREASURER AND SECRETARY 0.00	0	0	0
PO BOX 21962 CHATTANOOGA,TN37424	TREASURER AND SECRETARY 0.00	0	0	0

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...................				0

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,344,408

Average of monthly cash balances.......................

4,584,915

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

8,929,323

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

8,929,323

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

133,940

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

8,795,383

Minimum investment return. Enter 5% of line 5..................

439,769

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.)

Minimum investment return from Part X, line 6....................

439,769

Tax on investment income for 2018 from Part VI, line 5......

1,374

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,374

Distributable amount before adjustments. Subtract line 2c from line 1............

438,395

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

438,395

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

438,395

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

535,315

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

535,315

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.................

1,374

Adjusted qualifying distributions. Subtract line 5 from line 4..............

533,941

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)

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				438,395
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......			434,208
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: $ 535,315
a Applied to 2017, but not more than line 2a			434,208
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.....				101,107
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 ..........				337,288
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

B JACKSON BANDY

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

B JACKSON BANDY
PO BOX 624
DALTON,GA30722
(706) 226-8835

bThe form in which applications should be submitted and information and materials they should include:

WRITTEN REQUEST NEED NOT EXCEED TWO PAGES.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOBBY JONES GOLF COURSE FOUNDATION 2560 BROOKDALE DRIVE NW ATLANTA,GA30305	NONE	PC	GENERAL OPERATING FUND	250,000
CAMPUS CRUSADE FOR CHRIST PO BOX 628222 ORLANDO,FL32862	NONE	PC	GENERAL OPERATING FUND	480
COMMUNITY FOUNDATION OF NORTHWEST GEORGIA 714 S THORNTON AVENUE DALTON,GA30720	NONE	PC	GENERAL OPERATING FUND	250,000
DALTON FIRST UNITED METHODIST CHURCH 500 SOUTH THORTON AVENUE DALTON,GA30720	NONE	PC	GENERAL OPERATING FUND	30,000
SAVE THE CHILDREN PO BOX 9158 CHELSEA,MA02150	NONE	PC	GENERAL OPERATING FUND	168
Total ................................. 3a				530,648

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	12,719
4 Dividends and interest from securities....			14	158,669
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	-336,105
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		-164,717	0

13Total. Add line 12, columns (b), (d), and (e)..................

-164,717

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

THE JACK AND AGGIE BANDY FOUNDATION INC

EIN:

65-1230566

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	6,000	1,500		4,500

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

THE JACK AND AGGIE BANDY FOUNDATION INC

EIN:

65-1230566

Name of Stock	End of Year Book Value	End of Year Fair Market Value
REGIONS FINANCIAL	174,855	108,180
BANK OF AMERICA CORP	252,589	114,236
MERRILL LYNCH	3,800,583	4,131,132

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

THE JACK AND AGGIE BANDY FOUNDATION INC

EIN:

65-1230566

Description	Amount
UNREALIZED GAINS/LOSSES	35,919

- TIN:

TY 2018 OtherExpensesSchedule

Name:

THE JACK AND AGGIE BANDY FOUNDATION INC

EIN:

65-1230566

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSES	137	0		137

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

THE JACK AND AGGIE BANDY FOUNDATION INC

EIN:

65-1230566

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	31,675	31,675		0

- TIN:

TY 2018 TaxesSchedule

Name:

THE JACK AND AGGIE BANDY FOUNDATION INC

EIN:

65-1230566

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAXES, FEES AND LICENSES	1,611	842		30