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
JUDD LEIGHTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)202 S Michigan Street Suite 910
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
South Bend, IN46601
A Employer identification number

35-2120550
B Telephone number (see instructions)

(574) 232-5970
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$111,879,870J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,983,208 1,980,600  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,387,115
b Gross sales price for all assets on line 6a 19,645,878
7 Capital gain net income (from Part IV, line 2)... 4,343,148
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 18,521 22,449 0
12 Total. Add lines 1 through 11........ 6,388,844 6,346,197 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 429,750 214,875   214,875
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 45,643 11,411 0 11,411
b Accounting fees (attach schedule)....... Click to see attachment 64,797 16,200 0 0
c Other professional fees (attach schedule).... Click to see attachment 849,276 849,276 0 0
17 Interest............... 25,691 25,691    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 92,895 50,940 0 10,010
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 31,663 15,832   14,157
21 Travel, conferences, and meetings....... 23,405 11,703   11,702
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 384,273 362,321 0 2,317
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,947,393 1,558,249 0 264,472
25 Contributions, gifts, grants paid....... 4,047,875 4,047,875
26 Total expenses and disbursements. Add lines 24 and 25 5,995,268 1,558,249 0 4,312,347
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 393,576
b Net investment income (if negative, enter -0-) 4,787,948
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 307,821 334,818 334,818
2 Savings and temporary cash investments......... 2,003,435 3,688,794 3,688,794
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable................. 0    
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet640,000
Less: allowance for doubtful accounts bullet0 640,000 Click to see attachment640,000 640,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment3,485,015 3,495,391
b Investments—corporate stock (attach schedule)....... 31,040,768 Click to see attachment22,372,712 46,822,312
c Investments—corporate bonds (attach schedule)....... 7,041,591 Click to see attachment6,007,816 5,682,516
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 32,356,895 Click to see attachment36,973,312 47,480,124
14 Land, buildings, and equipment: basis bullet203,219
Less: accumulated depreciation (attach schedule) bullet0 0 Click to see attachment203,219 203,219
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment0 Click to see attachment3,532,696
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 73,390,510 73,705,686 111,879,870
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 69,596,919 70,271,811
25 Temporarily restricted............... 3,693,591 3,433,875
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)..... 73,290,510 73,705,686
31 Total liabilities and net assets/fund balances (see instructions). 73,290,510 73,705,686
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
73,290,510
2
Enter amount from Part I, line 27a .....................
2
393,576
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
21,600
4
Add lines 1, 2, and 3 ..........................
4
73,705,686
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
73,705,686
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 Schwab - LT Cap Gain Distributions P    
b Gain for distributions in excess of basis      
c Schwab - ST      
d Schwab - LT      
e Flowthrough activity      
(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 422,422     422,422
b 671,318     671,318
c     41,716 -41,716
d 2,160,146     2,160,146
e 1,130,978     1,130,978
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     0 422,422
b     0 671,318
c     0 -41,716
d     0 2,160,146
e     0 1,130,978
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 4,343,148
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 0
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 6,192,749 102,686,378 0.060307
2016 5,419,626 96,471,263 0.056179
2015 4,408,295 99,538,469 0.044287
2014 4,996,197 104,832,845 0.047659
2013 4,942,031 97,576,849 0.050648
2
Total of line 1, column (d) .....................
2
0.259080
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
0.051816
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
106,718,722
5
Multiply line 4 by line 3......................
5
5,529,737
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
47,879
7
Add lines 5 and 6........................
7
5,577,616
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,403,157
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 95,759
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  
3 Add lines 1 and 2........................... 3 95,759
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 95,759
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 48,474
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 130,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 178,474
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,470
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 81,245
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet81,245 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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)
    bulletIN
    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.juddleightonfoundation.org
    14
    The books are in care ofbulletJames Keenan Telephone no.bullet (574) 232-5970

    Located atbullet202 S Michigan Street Suite 910South BendIN ZIP+4bullet46601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    John Pycik Vice President / Secretary
    3.000     		51,000 0 3,759
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Jerry French Director
    3.000     		45,000 0 3,479
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Donald F Walter Director
    3.000     		51,000 0 3,748
    202 S Michigan Street Suite 910
    South Bend,IN46601
    Charles Nelson Executive Director
    40.000     		154,000 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    James F Keenan President / Treasurer
    20.000     		128,750 0 0
    202 S Michigan Street Suite 910
    South Bend,IN46601
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    WALTER & KEENAN FINANCIAL CONSULTING FINANCIAL MANAGEMENT 849,276
    202 S Michigan St Suite 910
    SOUTH BEND,IN46601
    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.........................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
    3,273,374
    b
    Average of monthly cash balances.......................
    1b
    105,070,506
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    108,343,880
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    108,343,880
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,625,158
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    106,718,722
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,335,936
    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
    5,335,936
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    95,759
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    95,759
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,240,177
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    5,240,177
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    5,240,177
    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
    4,312,347
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,312,347
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,312,347
    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 5,240,177
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:2016, 2015, 2014 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 128,379
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 629,345
    e From 2017...... 1,120,768
    fTotal of lines 3a through e........ 1,878,492
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,403,157
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 4,403,157
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 837,020 837,020
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,041,472
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,041,472
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 1,041,472
    e Excess from 2018.... 0
    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).)
    NONE
    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.
    Jerry French Director
    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:
    JAMES KEENAN
    202 S MICHIGAN ST SUITE 910
    SOUTH BEND,IN46601
    (574) 232-5970
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICANTS SHOULD REVIEW THE GRANT GUIDELINES FOUND ON THE FOUNDATION WEBSITE AT JUDDLEIGHTONFOUNDATION.ORG. PARTICULAR ATTENTION SHOULD BE PAID TO THE FOUNDATION'S PRIMARY FOCUS AREAS. APPLICANTS SHOULD CLEARLY STATE IN THIER APPLICATION HOW THEIR PROPOSAL MEETS THE FOUNDATION'S OBJECTIVE TO IMPACT THE COMMUNITY AT LARGE IN THE THREE PRIMARY AREAS OF HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT. ALSO, ALL APPLICANTS ARE ENCOURAGED TO USE THE GRANT PROPOSAL FORM LOCATED ON THE WEBSITE. THIS FORM REQUESTS IMPORTANT ADDITIONAL INFORMATION WHICH IS HELPFUL IN CONSIDERATION OF EACH REQUEST.
    cAny submission deadlines:
    THE BOARD OF DIRECTORS MEETS QUARTERLY. CONTACT CHARLES NELSON, DIRECTOR, FOR APPLICATION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION'S ARTICLES OF INCORPORATION REQUIRE THAT AT LEAST 75% OF ALL AMOUNTS DISTRIBUTED IN ANY PERIOD BE FOR THE IMPROVEMENT OF QUALITY OF LIFE IN ST. JOSEPH COUNTY, INDIANA. OTHERWISE, THE FOUNDATION MAY MAKE GRANTS FOR ALL EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES AS DEFINED IN CODE SECTION 501(C)(3). THE FOUNDATION DOES NOT CURRENTLY AWARD SCHOLARSHIPS OR OTHERWISE MAKE GRANTS TO INDIVIDUALS.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Indiana University Foundation
    PO Box 500
    Bloomington,IN46615     		None PC Charitable 400,000
    Community Foundation of St Joseph County
    PO Box 837
    South Bend,IN46624     		None PC Charitable 26,000
    The Chamber of Commerce of St Joseph County Foundation
    101 No Michigan St 300
    South Bend,IN466011642     		None PC Charitable 375
    Cultivate Culinary School & Catering
    701 N Niles Ave
    South Bend,IN46617     		None PC charitable 20,000
    The History Museum
    808 W Washington St
    South Bend,IN46601     		None PC Charitable 3,000
    South Bend Symphony Orchestra Association
    127 N Michigan St
    South Bend,IN46601     		None PC Charitable 30,000
    EnFocus
    635 S Lafayette
    South Bend,IN46601     		None PC charitable 167,500
    Holy Cross Village Foundation
    54515 State Rd 933 North
    Notre Dame,IN46556     		None PC charitable 50,000
    Cancer Society of St Joseph County Inc
    3516 E Jefferson Blvd
    South Bend,IN46615     		None PC charitable 20,000
    Big Brothers and Big Sisters of St Joseph County Inc
    PO Box 1632
    South Bend,IN46634     		None PC charitable 25,000
    South Bend Heritage Foundation
    803 Lincolnway West
    South Bend,IN46616     		None PC Charitable 20,000
    Lakeland Immediate Care Center
    261 M-62
    Cassopolis,MI49031     		None PC charitable 25,000
    Center for Hospice and Palliative Care
    111 Sunnybrook Ct
    South Bend,IN46637     		None PC charitable 100,000
    South Bend - Elkhart Regional Foundation
    4477 Progress Drive
    South Bend,IN46628     		none PC charitable 100,000
    Mayo Foundation
    200 First St NW
    Rochester,MN55905     		none PC charitable 735,000
    Indiana Golf Foundation
    PO Box 516
    Franklin,IN46131     		None PC charitable 25,000
    Elevate Ventures
    50 E 91st St Suite 213
    Indianapolis,IN46240     		None PC charitable 100,000
    WNIT
    300 W Lafayette Blvd
    South Bend,IN46601     		None PC charitable 2,500
    The Casie Center
    912 E Lasalle Ave
    South Bend,IN46617     		None PC charitable 25,000
    Beacon Health Foundation Inc
    615 N Michigan St
    South Bend,IN46601     		none PC charitable 350,000
    Real Services Inc
    PO Box 1835
    South Bend,IN46634     		none PC charitable 25,000
    The Salvation Army
    2009 South Bend Ave
    South Bend,IN46637     		none PC charitable 15,000
    Robinson Community Learning Center
    921 N Eddy St
    South Bend,IN46617     		none PC charitable 10,000
    St Vincent DePaul of St Joseph County Inc
    520 Crescent Ave
    South Bend,IN46617     		none PC charitable 60,000
    University of Notre Dame
    300 Main Building
    Notre Dame,IN46556     		none PC charitable 1,100,000
    Hospice Foundation
    501 Comfort Place
    Mishawaka,IN46545     		none PC charitable 250
    Habitat for Humanity of St Joseph County
    402 E South St
    South Bend,IN46601     		non PC charitable 150,000
    Lakeland Health Foundation
    1234 Napier Ave
    St Joseph,MI49085     		none PC charitable 75,000
    Trinity School at Greenlawn
    107 S Greenlawn Ave
    South Bend,IN46617     		None PC Charitable 25,000
    Logan Community Resources Inc
    PO Box 1049
    South Bend,IN46624     		None PC Charitable 180,000
    100 Black Men of Greater South Bend
    2043 South Bend Ave
    South Bend,IN46637     		None PC Charitable 15,000
    Potawatomi Zoological Society Inc
    PO Box 1764
    South Bend,IN46634     		None PC Charitable 100,000
    City of Mishawaka
    904 N Main St
    Mishawaka,IN46545     		none PC charitable 25,000
    Center for History
    808 W Washington St
    South Bend,IN46601     		None PC Charitable 25,000
    Exponent Philantrophy
    1720 N St NW
    Washington,DC20036     		None PC Charitable 750
    Startup Moxie - Regional Innovation and Startup Education (RISE)
    4100 Edison Lakes Parkway 260
    Mishawaka,IN46545     		None PC Charitable 2,500
    The Beacon Resource Center Inc
    4210 Lincolnway West
    South Bend,IN46528     		None PC Charitable 15,000
    Total .................................bullet 3a 4,047,875
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,983,208  
    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 4,387,115  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    apass-through entities     		900003 23,004 18 18,521  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 23,004 6,388,844 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,411,848
    (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: 18007697
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Crowe 53,547 13,387    
    Culler & Associates 11,250 2,813    

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

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Schwab Cap Gain Distributions         422,422       422,422  
    Gain for Distribution in excess of basis         671,318       671,318  
    Schwab - ST           41,716     -41,716  
    Schwab - LT         2,160,146       2,160,146  
    Flowthrough activity         1,174,945       1,174,945  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Pimco Enhanced Shrt 0 0
    Loomis Sayles Bond CL I 1,539,365 1,600,610
    Pimco Emrg Mkts Bd Fd 2,550,000 2,211,246
    Pimco Total Return Fund 1,918,451 1,870,660

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Alphabet Inc Class A 474,235 1,776,432
    Alphabet Inc Class C 631,573 2,071,220
    American Express Co 950,668 1,191,500
    Apple Inc 1,446,191 2,681,580
    Boeing Co 955,807 2,418,750
    Chevron Corp 0 0
    Cisco Systems Inc 898,327 2,166,500
    Colgate-Palmolive Co 75,000 892,800
    Comcast Corp 270,759 1,021,500
    Celgene Corp 0 0
    Eli Lilly & Company 866,625 1,735,800
    Exxon Mobil Corporation 600,788 1,363,800
    Fifth Third Bancorp 730,842 1,176,500
    General Electric Co 0 0
    Home Depot Inc 499,733 687,280
    Illumina Inc 469,211 899,790
    Intel Corp 781,421 1,877,200
    Johnson & Johnson 328,497 2,581,000
    JP Morgan Chase 1,091,750 2,684,550
    Medtronic PLC 543,719 682,200
    Merck & Co Inc 790,625 1,910,250
    Microsoft Corp 833,852 3,199,455
    Nestle 569,913 809,600
    Northern Trust Corp 1,254,601 2,089,750
    Novartis A G Spon ADR 0 0
    Pepsico Inc 594,850 1,104,800
    Pfizer Incorp 831,181 1,091,250
    Procter & Gamble 876,524 1,378,800
    Pure Storage Inc 0 0
    Qualcomm 526,330 569,100
    Schlumberger LTD 0 0
    Splunk Inc 0 0
    Starbucks Corp 0 0
    United Technologies 0 0
    Verizon Communications 985,441 1,124,400
    Visa Inc 512,058 923,580
    Walmart Stores Inc 713,612 931,500
    Walt Disney Co 704,857 822,375
    1/100 Berkshire Htwy 983,972 1,530,000
    3M Company 579,750 1,429,050

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    US Government Securities - End of Year Book Value:

    3,485,015
    US Government Securities - End of Year Fair Market Value:

    3,495,391
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Columbia Acorn Intl Fd AT COST 0 0
    First Eagle Overseas AT COST 2,284,449 2,206,994
    Oakmark Int'l Small Cap Fund AT COST 1,863,529 1,839,192
    Oppenheimer Developing Mkts AT COST 2,271,799 2,588,722
    Primecap Odyssey Aggr Growth Fd AT COST 619,901 2,601,778
    Starwood PPTY Trust AT COST 577,384 492,750
    Ventas Inc AT COST 407,440 468,720
    Welltower Inc AT COST 576,208 694,100
    Private Equity Managers 2011 AT COST 0 546,955
    Vintage V LP AT COST 0 129,600
    Private Equity Managers 2013 AT COST 543,057 710,765
    Private Equity Managers 2012 AT COST 516,105 734,571
    Vintage VI AT COST 121,890 404,194
    Vintage VII AT COST 497,872 602,488
    Anchorage Illiquid Opportunities III Access Fund AT COST 0 208,759
    Anchorage Illiquid Opportunities IV Access Fund AT COST 391,470 645,914
    Growth and Emerging Markets AT COST 792,777 923,495
    West Street Energy Partners AT COST 230,749 765,930
    West Street energy Partners AIV-1 AT COST 468,658 0
    Global Atlantic AT COST 310,493 471,800
    Global Atlantic Sub Debentures AT COST 100,000 103,160
    Private Equity Managers (Early Secondaries) AT COST 0 316,666
    Whitehall Street Int'l Real Estate LP 2008 AT COST 0 3,244
    Broad Street Real Estate Credit Partners II AT COST 17,563 136,366
    Nantucket Institutional Fund Class A Series 05/04 (10) AT COST 3,795,875 4,518,129
    Commonfund Capital Int'l Partners VI (1) AT COST 298,847 315,152
    Commonfund Capital Int'l Partners VII (2) AT COST 290,640 385,529
    Commonfund Capital Private Equity Partners VII (3) AT COST 198,262 615,359
    Commonfund Capital Private Equity Partners VIII (4) AT COST 225,193 416,278
    Commonfund Capital Venture Partners VIII (5) AT COST 193,378 465,062
    TIFF Realty Opportunity Fund (8) AT COST 216,508 343,549
    TIFF Realty & Resources 2008 (7) AT COST 318,227 287,801
    Deerfield Private Design Fund III AT COST 893,748 877,154
    Deerfield Private Design Fund IV AT COST 524,604 526,476
    DFJ Growth 2013 AT COST 2,050,871 4,266,509
    Glynn Emerging Investors AT COST 593,908 770,662
    Fidelis Investors Offshore LP AT COST 453,781 384,619
    Trek 10: 8% Convertible Note AT COST 100,000 100,000
    Gravity Long-Biased Fund AT COST 2,245,300 2,772,774
    Oaktree Strategic Income Fund AT COST 895,482 1,052,107
    Anchorage Illiquid Opp Offshore Fund V AT COST 335,162 506,506
    Balyasny Atlas Enhanced Fund AT COST 1,010,000 977,352
    North Haven Infrastructure Partners AT COST 901,801 958,671
    Great Lakes Cap - Grandview Flats AT COST 0 0
    Great Lakes Cap - Portage Prairie AT COST 199,664 249,059
    Oaktree Opportunities Fund X AT COST 343,656 406,820
    Agendx (formerly Nandio) AT COST 225,000 259,999
    Templeton Emrg Mkts AT COST 2,050,210 1,760,766
    Crown Castle Intl AT COST 347,568 434,520
    Tanger Fctry Outlet AT COST 361,599 303,300
    DFJ Growth III AT COST 573,851 632,868
    Deerfield Partners LP AT COST 1,111,441 1,086,722
    GLC Portage Prairie II AT COST 192,911 206,135
    GLC Portage Prairie III AT COST 0 0
    Elliott International AT COST 500,000 513,135
    Heartland Ventures Fund AT COST 278,139 300,000
    Mithril II LP AT COST 142,167 137,224
    Ovo Fund II, LLC AT COST 135,627 153,185
    GLC Stabilized Income Fund AT COST 549,349 1,034,624
    Grandview Flats II AT COST 250,000 250,000
    Peate Ventures AT COST 598,852 600,000
    ND Pit Road AT COST 94,888 100,000
    Riverview SOF III AT COST 175,554 203,415
    DFJ Growth SPX III AT COST 709,905 712,500

    TY 2018 LandEtcSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Leasehold Improvement 203,219   203,219 203,219


    TY 2018 LegalFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Ice Miller 45,643 11,411   11,411


    TY 2018 OtherAssetsSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Interest Receivable     86,126
    Benefit Interests in CRTs     3,433,875
    Prepaid Rent     12,695


    TY 2018 OtherExpensesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Website & Software Expenses        
    Payroll Processing Fees 1,136 568   568
    GS Annual Fee 3,000 3,000    
    GS Wire / Account Fees 1,370 1,370    
    Miscellaneous 734 734    
    Other expenses from pass through 370,536 350,900    
    Internet 1,125 563   563
    Insurance 2,372 1,186   1,186
    IN annual repor filing fee 23 23    
    Morgan Stanley fees 3,977 3,977    


    TY 2018 OtherIncomeSchedule2
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Income from pass through 18,521 22,449  


    TY 2018 OtherIncreasesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Description Amount
    Prior Period Adjustment 21,600


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

    TY 2018 OtherNotesLoansRcvblLongSch
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    Quantasi LLC None 180,000 180,000 2017-12 2021-04 Compounded annually and computed on the basis of a 365 day year for the actual number of days lapsed 321 %   To improve the quality of life and bring economic opportunity to St Joseph County   180,000
    Bravura Health & Wellness LLC NONE 180,000 180,000 2017-12 2021-04 Compounded annually and computed on the basis of a 365 day year for the actual number of days lapsed 321 %   To improve the quality of life and bring economic opportunity to St Joseph County   180,000
    Consensus Network LLC None 180,000 180,000 2017-12 2021-04 Compounded annually and computed on the basis of a 365 day year for the actual number of days lapsed 321 %   To improve the quality of life and bring economic opportunity to St Joseph County   180,000
    Avinew LLC fka Driav Inc None 0 100,000 2018-08 2020-03 Compounded annually and computed on the basis of a 365 day year for the actual number of days lapsed 500 %   Investment   100,000

    TY 2018 OtherProfessionalFeesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Walter & Keenan Consulting 849,276 849,276    


    TY 2018 TaxesSchedule
    Name:
    JUDD LEIGHTON FOUNDATION INC
    EIN:
    35-2120550
    Software ID:
    18007697
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 20,021 10,011   10,010
    GS Vintage Fund Taxes 5,594 5,594    
    GS Early Secondaries Fund Taxes 6,455 6,455    
    GS Private Equity Fund Taxes 13,401 13,401    
    Anchorage Fund Taxes 2,088 2,088    
    Schwab Foreign Taxes Paid 10,232 10,232    
    Federal and state Excise Tax 32,730      
    Tax from pass through 2,374 3,159