TY 2018 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	560,292
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	34,183	34,183
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		5,106
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...		5,106
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).......		35	35
12	Total. Add lines 1 through 11........	599,616	39,324
	13	Compensation of officers, directors, trustees, etc.	338,000	20,000		318,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	48,310	2,859		45,451
16a	Legal fees (attach schedule).........		13,743	0		13,743
b	Accounting fees (attach schedule).......		8,574	857		7,717
c	Other professional fees (attach schedule)....		103,162	0		103,162
17	Interest...............	15,500	15,500		0
18	Taxes (attach schedule) (see instructions)...		37,362	262		0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	1,230	0		1,230
21	Travel, conferences, and meetings.......	75,369	0		75,369
22	Printing and publications..........
23	Other expenses (attach schedule).......		36,459	29,205		7,582
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	677,709	68,683		572,254
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	677,709	68,683		572,254
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-78,093
b	Net investment income (if negative, enter -0-)		0
c	Adjusted net income (if negative, enter -0-)...

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.............	88,465	163,187	163,187
	2	Savings and temporary cash investments.........
	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).......
	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)..........	4,844,639	4,755,792	4,755,792
	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)	4,933,104	4,918,979	4,918,979
	17	Accounts payable and accrued expenses..........	89,915	89,915
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	381,250	445,218
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	471,165	535,133
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	4,461,939	4,383,846
	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........
	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).....	4,461,939	4,383,846
	31	Total liabilities and net assets/fund balances (see instructions).	4,933,104	4,918,979

(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
1 a	LEGACY VENTURES VII, LLC K-1 PASSTHROUGH	P
b	SOCIAL ENTREPRENEURS FUND K-1 PASSTHROUGH	P
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a				16,534
b				-11,428
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			16,534
b			-11,428
c
d
e

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	5,106
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

(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	603,904	4,870,032	0.124004
2016	878,799	5,053,649	0.173894
2015	1,126,643	5,069,965	0.222219
2014	1,391,660	4,833,322	0.287930
2013	1,411,356	4,231,007	0.333574

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	0
	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	0
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	0
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	1,100
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	1,100
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,100
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax1,100	Refunded	11	0

(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
HARRY HALLORAN JR	TRUSTEE 5.00	0	0	0
100 FOUR FALLS CORP CTR STE 215 WEST CONSHOHOCKEN,PA19428
J ANTHONY CARR	EXECUTIVE DIRECTOR 40.00	200,000	0	0
100 FOUR FALLS CORP CTR STE 215 WEST CONSHOHOCKEN,PA19428

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	Developed a Program to Expand impact Investing and Education The Halloran Foundation supported a program to advance impact investing. The program is designed to expand the impact investing, educational advocacy and economic development and monitoring. Our work drives social change by investing in and connecting social entrepreneurs and innovators to help address some of the world's most pressing problems.	147,144
2	Supporting EntrepreneurshipSupport Social Entrepreneurship through supporting accelerator organizations and social entrepreneurs who are implementing initiatives that address inequality, poverty alleviation, medical care, education and community wellbeing. The Foundation is committed to promoting social entrepreneurship through direct financial support and by serving as a catalyst and consultant to several accelerator organizations involved in the training and development of social entrepreneurs. We believe that entrepreneurship is a powerful driver for positive social change as it stimulates the economy, creates meaningful jobs and provides products and services that positively impact society.	115,727
3	The History of Business - Business as a Force for Human Wellbeing The Halloran Foundation has also undertaken a major book project focused on the history of business; a global perspective.The purpose of this work transforms our understanding of what kind of better world is possible through the documentation of great progress moments (in well-being around the world) and their relationship to the new theory of business. The final deliverable will appeal to a broad audience of college-educated adults that includes the lay public, media, scholars, educators, and public policy officials.	184,740
4

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

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					226,853
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	1,206,663
b From 2014......	1,161,501
c From 2015......	886,611
d From 2016......	644,417
e From 2017......	388,508
fTotal of lines 3a through e........		4,287,700
4Qualifying distributions for 2018 from Part
XII, line 4: $ 572,254
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)........		345,401
d Applied to 2018 distributable amount.....					226,853
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		4,633,101
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		1,206,663
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		3,426,438
10 Analysis of line 9:
a Excess from 2014....	1,161,501
b Excess from 2015....	886,611
c Excess from 2016....	644,417
d Excess from 2017....	388,508
e Excess from 2018....	345,401

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

HARRY HALLORAN JR

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

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

cAny submission deadlines:

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

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.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship


(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
DERMOT M MURPHY	ADVISOR 40.00	138,000	28,405	0
100 FOUR FALLS CORP CENTER STE 215 WEST CONSHOHOCKEN,PA19428	ADVISOR 40.00	138,000	28,405	0








Total number of other employees paid over $50,000...................				0

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
AUDREY SELIAN	PROGRAM CONSULTANT	69,012
121 RUE DE LAUSANNE APT 41 GENEVA SZ	PROGRAM CONSULTANT	69,012

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

Total ................................. 3a				0

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 ...........
4 Dividends and interest from securities....			14	34,183
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	35
8 Gain or (loss) from sales of assets other than inventory ............			18	5,106
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		39,324	0

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.

bApproved for future payment

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

Name of organization THE HALLORAN FOUNDATION

Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	HARRY R HALLORAN JR CHARITABLE TRUST 1835 MARKET STREET NO 2410 PHILADELPHIA, PA19103	$ 551,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	AMERICAN REFINING & BIOCHEMICAL INC 100 FOUR FALLS CORP CENTER - STE 21 WEST CONSHOHOCKEN, PA194282960	$ 9,292	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Name of organization THE HALLORAN FOUNDATION		Employer identification number 25-6885444

Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


Name of organization THE HALLORAN FOUNDATION			Employer identification number 25-6885444
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
SUNLINK CORPORATION COMMON SHARES	FMV	100,000	100,000
NOTE #1 - AR TRUCKING INSTALLMENT SALE	FMV	600,526	600,526
NOTE #2 - AR TRUCKING INSTALLMENT SALE	FMV	576,976	576,976
LOAN - MALO SARL (CONVERTIBLE)	FMV	125,000	125,000
SOCIAL ENTREPRENEURS FUND	AT COST	890,872	890,872
CLINICA DEL AZUCAR	FMV	250,000	250,000
ONERGY (PUNAM ENERGY PRIVATE LTD)	FMV	47,700	47,700
SUNGEVITY SERIES B-1 PREFERRED	FMV	850,000	850,000
MAINSTREAM BRAZIL IMPACT FUND	AT COST	20,045	20,045
LEGACY VENTURES VII, LLC	AT COST	761,209	761,209
INVERSOR	AT COST	363,562	363,562
CATAPULTA LOAN	AT COST	119,902	119,902
LOAN - FROGTEK	AT COST	50,000	50,000

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
PASSTHROUGH OF OTHER DEDUCTIONS - LEGACY VENTURES VII, LLC	29,205	29,205	0
DUES AND MEMBERSHIP	5,000	0	5,000
NON-DEDUCTIBLE EXPENSES - PASSTHROUGH FROM SCOCIAL ENTRPRNEURS K-1	-328	0	0
OFFICE EXPENSES	2,582	0	2,582

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
EXCISE TAX REFUND	1	1	1
ALLOC. OF INCOME FROM LEGACY K-1(PASSIVE INCOME)	34	34	34

Category	Amount	Net Investment Income
990-T PAYMENTS	30,000	0
FOREIGN TAXES ALLOCATED FROM LEGACY K-1	262	262
990-PF PAYMENTS	7,100	0

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