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.
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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 08-01-2018 , and ending 07-31-2019

Name of foundation
ROBERT CARLETON FUND XXXXX0000

Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603

A Employer identification number

13-6833622

B Telephone number (see instructions)

(800) 496-2583

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

$3,348,720J 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	(c) Adjusted net 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
4	Dividends and interest from securities...	81,984		81,984
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		69,442
b	Gross sales price for all assets on line 6a 902,804
7	Capital gain net income (from Part IV, line 2)...			69,442
8	Net short-term capital gain.........				0
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........	151,426		151,426
13	Compensation of officers, directors, trustees, etc.	39,558		23,735		15,823
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		1,698	798		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		250			250
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	41,506		24,533	0	16,073
25	Contributions, gifts, grants paid.......	149,000				149,000
26	Total expenses and disbursements. Add lines 24 and 25	190,506		24,533	0	165,073
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-39,080
b	Net investment income (if negative, enter -0-)			126,893
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	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.............	6,297	5,167	5,167
	2	Savings and temporary cash investments.........	110,659	55,340	55,340
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	1,339,610	1,255,566	1,935,776
	c	Investments—corporate bonds (attach schedule).......	1,235,316	1,336,158	1,352,437
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	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)	2,691,882	2,652,231	3,348,720
	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
		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........	2,691,882	2,652,231
	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).....	2,691,882	2,652,231
	31	Total liabilities and net assets/fund balances (see instructions).	2,691,882	2,652,231

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

2,691,882

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

-39,080

Other increases not included in line 2 (itemize) bullet

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

2,652,868

Decreases not included in line 2 (itemize) bullet

637

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

2,652,231

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	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-01
b	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-01
c	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-01
d	4. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-02
e	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-03
	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-03
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-06
	68. TWENTY-FIRST CENTURY FOX-A		2014-04-29	2018-08-09
	557. ISHARES CORE MSCI EAFE ETF			2018-08-16
	74. NIKE INC		2017-02-23	2018-08-23
	71. NIKE INC		2017-10-03	2018-08-23
	20000. MORGAN STANLEY 5 1/2% JUL 28 2021			2018-09-10
	53. AMERICAN INTL GROUP INC NEW			2018-09-11
	39. AMERICAN INTL GROUP INC NEW			2018-09-11
	5000. WESTPAC BANKING CORP 3.400% 01/25/2028 DTD 01/25/2018		2018-08-14	2018-09-11
	2000. INTERCONTINENTALEXCHANGE 2.500% 10/15/2018 DTD 10/08/2013		2013-10-01	2018-09-12
	53. FACEBOOK INC-A			2018-09-13
	33. MICROCHIP TECHNOLOGY INC			2018-09-13
	11. MICROCHIP TECHNOLOGY INC			2018-09-13
	7. MICROCHIP TECHNOLOGY INC			2018-09-13
	1. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-13
	2. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-13
	9. MICROCHIP TECHNOLOGY INC			2018-09-14
	4. MICROCHIP TECHNOLOGY INC		2017-04-13	2018-09-14
	1. MICROCHIP TECHNOLOGY INC		2017-04-13	2018-09-14
	2. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-17
	4. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-17
	4. MICROCHIP TECHNOLOGY INC			2018-09-18
	1. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-19
	1. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-19
	168. TWENTY-FIRST CENTURY FOX-A			2018-09-20
	91. TWENTY-FIRST CENTURY FOX-A		2017-11-20	2018-09-20
	19. GARRETT MOTION INC			2018-10-02
	5000. AVALONBAY COMMUNITIES IN MTN 3.500% 11/15/2024 DTD 11/21/2014			2018-10-05
	127. BANK OF NEW YORK MELLON CORP			2018-10-08
	43. BANK OF NEW YORK MELLON CORP		2018-02-22	2018-10-08
	263. ORACLE CORP			2018-10-08
	16. ALLERGAN PLC			2018-10-08
	50. HARTFORD FINL SVCS GROUP INC			2018-10-15
	27. MASCO CORP		2012-07-30	2018-10-15
	53. HARTFORD FINL SVCS GROUP INC			2018-10-16
	33. HARTFORD FINL SVCS GROUP INC		2013-05-07	2018-10-16
	19. MASCO CORP		2012-07-30	2018-10-16
	28. MASCO CORP		2012-07-30	2018-10-16
	84. MASCO CORP			2018-10-16
	18. MASCO CORP		2012-08-03	2018-10-17
	53. MASCO CORP		2012-08-03	2018-10-17
	9. MASCO CORP		2012-08-03	2018-10-17
	25. MASCO CORP		2012-08-03	2018-10-18
	1. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	1. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	14. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	22. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	2. WORKDAY INC-CLASS A		2016-08-10	2018-10-19
	10. AMERICAN INTL GROUP INC NEW			2018-10-22
	10. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	42. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	7. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	4. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	10000. CANADIAN IMPERIAL BANK 2.100% 10/05/2020 DTD 10/05/2017		2018-08-28	2018-10-22
	5000. INVESCO FINANCE PLC 3.125% 11/30/2022 DTD 11/08/2012		2014-06-05	2018-10-22
	11. WORKDAY INC-CLASS A			2018-10-22
	2. WORKDAY INC-CLASS A		2016-08-10	2018-10-22
	19. WORKDAY INC-CLASS A		2016-08-10	2018-10-22
	6. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	3. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	2. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	. GARRETT MOTION INC			2018-10-23
	10. WORKDAY INC-CLASS A		2016-08-10	2018-10-23
	3. AMAZON COM INC			2018-10-24
	4. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	13. O'REILLY AUTOMOTIVE INC		2016-11-16	2018-10-24
	3. O'REILLY AUTOMOTIVE INC			2018-10-24
	1. O'REILLY AUTOMOTIVE INC		2017-05-08	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-25
	4. O'REILLY AUTOMOTIVE INC			2018-10-25
	67. AGILENT TECHNOLOGIES INC			2018-10-30
	28. AGILENT TECHNOLOGIES INC			2018-10-30
	5. AGILENT TECHNOLOGIES INC		2016-10-18	2018-10-30
	32. RESIDEO TECHNOLOGIES INC			2018-10-30
	5000. AETNA INC NON-TRADEABLE ASSET		2018-01-10	2018-11-01
	7000. NATIONAL RURAL UTIL CORP		2010-09-15	2018-11-01
	10000. EBAY INC 2.6% JUL 15 2022		2014-02-21	2018-11-07
	2000. MUFG AMERICAS HLDGS CORP 3.000% 02/10/2025 DTD 02/10/2015			2018-11-08
	8000. DUKE ENERGY CAROLINAS 7% NOV 15 2018		2009-08-07	2018-11-15
	. RESIDEO TECHNOLOGIES INC			2018-11-19
	2. ALLERGAN PLC		2014-12-03	2018-11-27
	40. ALLERGAN PLC			2018-11-27
	19. ALLERGAN PLC			2018-11-28
	11. ALLERGAN PLC		2014-08-14	2018-11-28
	6. ALLERGAN PLC		2014-08-14	2018-11-29
	3. EASTMAN CHEM CO		2016-07-07	2018-12-11
	14. EASTMAN CHEM CO			2018-12-11
	2. EASTMAN CHEM CO		2016-02-22	2018-12-11
	54. LAUDER ESTEE COS INC CL A		2018-08-23	2018-12-11
	5000. BNP PARIBAS MTN 2.400% 12/12/2018 DTD 12/12/2013		2013-12-05	2018-12-12
	8. EASTMAN CHEM CO		2016-02-22	2018-12-12
	3. EASTMAN CHEM CO			2018-12-12
	17. EASTMAN CHEM CO		2016-02-23	2018-12-12
	14. EASTMAN CHEM CO		2016-02-23	2018-12-13
	3. EASTMAN CHEM CO		2016-02-23	2018-12-13
	14. EASTMAN CHEM CO		2016-02-23	2018-12-14
	25000. BP CAPITAL MARKETS PLC NON-TRADEABLE ASSET			2018-12-17
	9. EASTMAN CHEM CO		2016-02-23	2018-12-17
	18. PVH CORP			2018-12-17
	4. PVH CORP		2018-01-29	2018-12-17
	7. EASTMAN CHEM CO		2016-02-23	2018-12-18
	10. EASTMAN CHEM CO		2016-02-23	2018-12-18
	12. PVH CORP		2018-01-29	2018-12-18
	7. PVH CORP			2018-12-18
	5. PVH CORP		2018-01-26	2018-12-18
	1. PVH CORP		2018-01-26	2018-12-19
	4. PVH CORP		2018-01-26	2018-12-19
	43. GOLDMAN SACHS GROUP INC			2018-12-21
	138. PARSLEY ENERGY INC-CLASS A			2018-12-21
	36. PARSLEY ENERGY INC-CLASS A		2018-05-22	2018-12-21
	5000. PACIFIC GAS & ELECTRIC 3 1/2% OCT 01 2020		2016-11-22	2019-01-08
	10000. TRANSCANADA PIPELINE 7.125% 1/15/19		2009-05-29	2019-01-15
	758.265 ARTISAN INTL VALUE FD-INS		2012-09-17	2019-01-23
	1. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	11. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	3. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	4. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	5. MASTERCARD INC - CLASS A		2012-12-14	2019-01-23
	14. WORLDPAY INC CL A		2018-10-08	2019-01-23
	2. WORLDPAY INC CL A		2018-10-08	2019-01-23
	18. GILEAD SCIENCES INC			2019-01-24
	4. MASTERCARD INC - CLASS A		2012-12-14	2019-01-24
	12. MASTERCARD INC - CLASS A		2012-12-14	2019-01-24
	24. WORLDPAY INC CL A		2018-10-08	2019-01-24
	2. GILEAD SCIENCES INC		2016-02-10	2019-01-25
	6. GILEAD SCIENCES INC		2016-02-10	2019-01-25
	1. GILEAD SCIENCES INC		2016-02-10	2019-01-25
	16. MASTERCARD INC - CLASS A			2019-01-25
	27. WORLDPAY INC CL A		2017-09-22	2019-01-25
	3. WORLDPAY INC CL A		2018-10-08	2019-01-25
	. AMERICAN INTL GROUP INC			2019-01-28
	2. GILEAD SCIENCES INC		2016-02-10	2019-01-28
	4. GILEAD SCIENCES INC		2016-02-10	2019-01-28
	18. WORLDPAY INC CL A		2017-09-22	2019-01-28
	4. GILEAD SCIENCES INC		2016-02-10	2019-01-29
	1. GILEAD SCIENCES INC		2016-02-10	2019-01-29
	4. WORLDPAY INC CL A		2017-09-22	2019-01-29
	3. GILEAD SCIENCES INC		2016-02-10	2019-01-30
	20. WORLDPAY INC CL A		2017-09-22	2019-01-30
	1. GILEAD SCIENCES INC		2016-02-10	2019-01-31
	2. GILEAD SCIENCES INC		2016-02-10	2019-01-31
	10000. AMGEN INC		2009-05-18	2019-02-01
	5. GILEAD SCIENCES INC			2019-02-01
	5000. ANHEUSER-BUSCH INBEV FIN 3.650% 02/01/2026 DTD 01/25/2016		2016-11-18	2019-02-11
	20000. NOVARTIS SECS INVEST LTD		2009-05-27	2019-02-11
	5000. CATERPILLAR FINL MTN 7.150% 2/15/19		2009-06-16	2019-02-15
	1698.754 AMG MG PICTET INTL-Z		2016-01-25	2019-02-19
	18. ANALOG DEVICES INC		2018-09-13	2019-02-19
	8. ANALOG DEVICES INC		2018-09-13	2019-02-19
	22. ANALOG DEVICES INC		2018-09-13	2019-02-19
	36. ANALOG DEVICES INC			2019-02-19
	22. ANALOG DEVICES INC			2019-02-19
	7. ANALOG DEVICES INC			2019-02-19
	29. ANALOG DEVICES INC			2019-02-20
	5000. ABBVIE INC 2.850% 05/14/2023 DTD 05/12/2016		2017-09-22	2019-02-26
	10000. BANK OF NEW YORK MELLON MTN 2.200% 03/04/2019 DTD 02/04/2014			2019-03-04
	15000. RABOBANK NEDERLAND NOTES 4 1/2% JAN 11 2021			2019-03-07
	5000. STRYKER CORP 3.375% 11/01/2025 DTD 10/29/2015		2016-10-27	2019-03-12
	10. BIOGEN IDEC INC		2018-10-08	2019-03-14
	12. BIOGEN IDEC INC		2010-06-18	2019-03-14
	231. BRISTOL MYERS SQUIBB CO			2019-03-14
	51. DISNEY WALT CO			2019-03-14
	20000. SANTANDER UK PLC 2.500% 03/14/2019 DTD 03/14/2016		2017-09-22	2019-03-14
	. BANK OF AMERICA CORPORATION			2019-03-20
	10000. EATON CORP 6.950% 3/20/19		2009-05-18	2019-03-20
	1000. CITIGROUP INC 3.750% 06/16/2024 DTD 06/16/2014		2017-03-24	2019-04-04
	2000. CITIGROUP INC 3.750% 06/16/2024 DTD 06/16/2014		2017-03-24	2019-04-04
	43. DOW INC			2019-04-08
	1. DOW INC		2018-04-09	2019-04-08
	7. DOW INC		2017-02-22	2019-04-08
	2. DOW INC			2019-04-08
	55. DOW INC			2019-04-08
	28. DOW INC			2019-04-08
	7. DOW INC		2015-07-15	2019-04-09
	7000. CITIGROUP INC 3.750% 06/16/2024 DTD 06/16/2014		2017-03-24	2019-04-16
	55. OCCIDENTAL PETE CORP			2019-04-25
	44. OCCIDENTAL PETE CORP			2019-04-25
	100. OCCIDENTAL PETE CORP			2019-04-25
	21. OCCIDENTAL PETE CORP			2019-05-01
	4. OCCIDENTAL PETE CORP		2017-02-10	2019-05-01
	13. REGENERON PHARMACEUTICALS INC			2019-05-01
	3. REGENERON PHARMACEUTICALS INC			2019-05-01
	64. OCCIDENTAL PETE CORP			2019-05-02
	4. OCCIDENTAL PETE CORP		2006-03-06	2019-05-02
	2. OCCIDENTAL PETE CORP		2006-03-06	2019-05-02
	13. OCCIDENTAL PETE CORP		2006-03-06	2019-05-02
	6. OCCIDENTAL PETE CORP		2006-03-06	2019-05-02
	7. OCCIDENTAL PETE CORP		2006-03-06	2019-05-03
	24. OCCIDENTAL PETE CORP		2006-03-06	2019-05-03
	3. PRUDENTIAL FINL INC		2018-12-21	2019-05-14
	48. PRUDENTIAL FINL INC			2019-05-14
	24. PRUDENTIAL FINL INC		2018-12-21	2019-05-14
	7. PRUDENTIAL FINL INC		2018-12-21	2019-05-14
	10. PRUDENTIAL FINL INC		2018-12-21	2019-05-14
	70. SCHWAB CHARLES CORP NEW			2019-05-15
	62. SCHWAB CHARLES CORP NEW			2019-05-16
	16. SCHWAB CHARLES CORP NEW		2015-01-14	2019-05-16
	40. SCHWAB CHARLES CORP NEW			2019-05-16
	55. MEDTRONIC PLC			2019-05-16
	46. MEDTRONIC PLC			2019-05-16
	2. MEDTRONIC PLC		2018-07-18	2019-05-16
	19. MEDTRONIC PLC			2019-05-17
	32. MEDTRONIC PLC			2019-05-17
	15. PARKER HANNIFIN CORP		2018-01-11	2019-05-20
	17. PARKER HANNIFIN CORP		2018-01-11	2019-05-20
	8. PARKER HANNIFIN CORP		2018-01-11	2019-05-20
	20000. CITIGROUP INC 2.500% 07/29/2019 DTD 07/29/2014		2015-01-26	2019-05-28
	3000. TRAVELLERS COS INC		2009-05-28	2019-06-03
	3000. CITIGROUP INC 3.300% 04/27/2025 DTD 04/27/2015			2019-06-05
	64. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-05
	23. DELTA AIR LINES INC DEL NEW			2019-06-05
	79. PHILIP MORRIS INTERNATIONAL		2017-04-24	2019-06-05
	1. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-06
	20. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-06
	23. DELTA AIR LINES INC DEL NEW			2019-06-06
	4. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-06
	878.514 DODGE & INTERNATIONAL STOCK FUND		2015-03-04	2019-06-06
	3. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-07
	3. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-07
	5. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-07
	1. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-07
	1. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-06-07
	193. BANK OF AMERICA CORPORATION			2019-06-10
	42. DOLLAR TREE INC			2019-06-10
	151. WELLS FARGO & CO NEW			2019-06-10
	12. DOLLAR TREE INC		2018-12-17	2019-06-11
	48. DOLLAR TREE INC			2019-06-11
	15. DOLLAR TREE INC		2018-12-17	2019-06-11
	. CORTEVA INC			2019-06-13
	. DUPONT DE NEMOURS INC			2019-06-13
	10000. ACE INA HOLDINGS		2009-06-03	2019-06-17
	1. ADOBE SYS INC		2012-11-05	2019-06-26
	2. ALEXION PHARMACEUTICALS INC		2019-03-14	2019-06-26
	1. AMAZON COM INC		2015-04-08	2019-06-26
	5. AMERICAN EXPRESS CO		2019-06-10	2019-06-26
	5. APPLE COMPUTER INC		2008-01-24	2019-06-26
	2. AUTOMATIC DATA PROCESSING INC		2018-12-03	2019-06-26
	24. BANK OF AMERICA CORPORATION			2019-06-26
	4. BERKSHIRE HATHAWAY INC DEL CL B		2018-09-11	2019-06-26
	10. BOSTON SCIENTIFIC CORP		2016-09-15	2019-06-26
	2. BROADCOM INC		2013-05-15	2019-06-26
	5. CELGENE CORP.		2016-10-28	2019-06-26
	2. CHARTER COMMUNICATIONS INC-A		2018-04-13	2019-06-26
	7. CITIGROUP INC NEW		2017-05-15	2019-06-26
	4. COCA-COLA CO		2018-04-16	2019-06-26
	14. COMCAST CORP NEW CL A		2019-05-14	2019-06-26
	2. DIAMONDBACK ENERGY INC		2019-01-08	2019-06-26
	3. DISNEY WALT CO		2016-12-08	2019-06-26
	3. DUPONT DE NEMOURS INC			2019-06-26
	4. EOG RESOURCES INC		2016-08-05	2019-06-26
	3. ELECTRONIC ARTS		2018-09-20	2019-06-26
	2. FACEBOOK INC-A		2014-07-25	2019-06-26
	3. FIDELITY NATL INFORMATION SVCS INC		2015-04-10	2019-06-26
	4. FISERV INC		2019-06-14	2019-06-26
	1. GENERAL DYNAMICS CORP		2017-02-10	2019-06-26
	3. HOME DEPOT INC		2012-03-20	2019-06-26
	4. HONEYWELL INTL INC		2013-04-12	2019-06-26
	2. INTERCONTINENTALEXCHANGE GROUP, INC		2017-02-01	2019-06-26
	13. KEYCORP NEW		2018-10-08	2019-06-26
	3. LILLY ELI & CO		2015-07-02	2019-06-26
	3. LOWES COS INC		2011-08-04	2019-06-26
	7. MARATHON PETROLEUM CORPORATION			2019-06-26
	3. MASTERCARD INC - CLASS A		2012-10-15	2019-06-26
	2. MCDONALDS CORP		2019-06-10	2019-06-26
	6. MERCK & CO INC		2019-03-14	2019-06-26
	13. MICROSOFT CORP		2015-02-13	2019-06-26
	7. MONDELEZ INTERNATIONAL-W/I			2019-06-26
	11. MORGAN STANLEY DEAN WITTER & CO NEW		2015-12-02	2019-06-26
	1. NETFLIX.COM INC		2018-09-13	2019-06-26
	2. NEXTERA ENERGY INC		2018-07-18	2019-06-26
	6. NISOURCE INC		2015-12-03	2019-06-26
	3. NORFOLK SOUTHN CORP		2018-05-15	2019-06-26
	1. NORTHROP GRUMMAN CORP		2019-05-20	2019-06-26
	2. NVIDIA CORP		2018-10-08	2019-06-26
	3. PAYPAL HOLDINGS INC		2019-01-23	2019-06-26
	4. PEPSICO INC		2018-05-22	2019-06-26
	13. PFIZER INC		2018-10-30	2019-06-26
	2. PHILIP MORRIS INTERNATIONAL		2017-04-24	2019-06-26
	2. PIONEER NAT RES CO		2015-12-10	2019-06-26
	2. PROCTER & GAMBLE CO		2019-06-05	2019-06-26
	2. QUALCOMM INC		2019-05-01	2019-06-26
	2. ROSS STORES INC		2018-12-11	2019-06-26
	2. SALESFORCE.COM INC		2018-10-08	2019-06-26
	2. STANLEY BLACK & DECKER,INC.			2019-06-26
	4. TEXAS INSTRS INC		2019-02-19	2019-06-26
	3. UNION PAC CORP		2018-02-22	2019-06-26
	1. UNITED TECHNOLOGIES CORP		2017-12-12	2019-06-26
	3. UNITEDHEALTH GROUP INC		2013-06-13	2019-06-26
	1. VERTEX PHARMACEUTICALS INC		2014-03-14	2019-06-26
	2. VISA INC CLASS A SHARES		2015-10-19	2019-06-26
	2. WASTE CONNECTIONS INC		2016-08-10	2019-06-26
	7. WELLS FARGO & CO NEW			2019-06-26
	1. WEX INC		2016-05-02	2019-06-26
	2. YUM BRANDS INC			2019-06-26
	4. ZIMMER HLDGS INC		2018-04-26	2019-06-26
	2. ALLEGION PLC		2015-11-19	2019-06-26
	2. ACCENTURE PLC		2014-01-17	2019-06-26
	3. LINDE PLC		2019-05-20	2019-06-26
	2. APTIV PLC		2018-04-26	2019-06-26
	3. CHUBB LTD		2012-06-01	2019-06-26
	2. NXP SEMICONDUCTORS NV		2019-02-20	2019-06-26
	15. ADOBE SYS INC			2019-06-27
	2. ADOBE SYS INC		2012-08-03	2019-07-12
	2. ALEXION PHARMACEUTICALS INC		2019-03-14	2019-07-12
	2. ALPHABET INC-CL C		2014-04-17	2019-07-12
	1. ALPHABET INC/CA-CL A		2016-07-11	2019-07-12
	1. AMAZON COM INC		2015-04-08	2019-07-12
	8. AMERICAN EXPRESS CO		2019-06-10	2019-07-12
	11. APPLE COMPUTER INC		2008-01-24	2019-07-12
	3. AUTOMATIC DATA PROCESSING INC		2018-12-03	2019-07-12
	34. BANK OF AMERICA CORPORATION			2019-07-12
	5. BERKSHIRE HATHAWAY INC DEL CL B		2018-09-11	2019-07-12
	22. BOSTON SCIENTIFIC CORP			2019-07-12
	4. BROADCOM INC			2019-07-12
	13. CELGENE CORP.			2019-07-12
	2. CHARTER COMMUNICATIONS INC-A		2018-04-13	2019-07-12
	15. CITIGROUP INC NEW		2017-05-15	2019-07-12
	11. COCA-COLA CO		2018-04-16	2019-07-12
	30. COMCAST CORP NEW CL A		2019-05-14	2019-07-12
	13. CORTEVA INC			2019-07-12
	4. DIAMONDBACK ENERGY INC		2019-01-08	2019-07-12
	8. DISNEY WALT CO		2016-12-08	2019-07-12
	7. DUPONT DE NEMOURS INC			2019-07-12
	9. EOG RESOURCES INC		2016-08-05	2019-07-12
	7. ELECTRONIC ARTS		2018-09-20	2019-07-12
	4. FACEBOOK INC-A		2014-07-25	2019-07-12
	5. FIDELITY NATL INFORMATION SVCS INC			2019-07-12
	10. FISERV INC		2019-06-14	2019-07-12
	3. GENERAL DYNAMICS CORP		2017-02-10	2019-07-12
	5. HOME DEPOT INC		2012-03-20	2019-07-12
	8. HONEYWELL INTL INC		2013-04-12	2019-07-12
	3. INTERCONTINENTALEXCHANGE GROUP, INC		2017-02-01	2019-07-12
	30. KEYCORP NEW		2018-10-08	2019-07-12
	7. LILLY ELI & CO			2019-07-12
	6. LOWES COS INC		2011-08-04	2019-07-12
	16. MARATHON PETROLEUM CORPORATION		2018-09-20	2019-07-12
	5. MASTERCARD INC - CLASS A		2012-10-15	2019-07-12
	2. MCDONALDS CORP		2019-06-10	2019-07-12
	20000. MEDTRONIC INC NON-TRADEABLE ASSET			2019-07-12
	12. MERCK & CO INC		2019-03-14	2019-07-12
	27. MICROSOFT CORP			2019-07-12
	14. MONDELEZ INTERNATIONAL-W/I			2019-07-12
	24. MORGAN STANLEY DEAN WITTER & CO NEW		2015-12-02	2019-07-12
	1. NETFLIX.COM INC		2018-09-13	2019-07-12
	3. NEXTERA ENERGY INC		2018-07-18	2019-07-12
	13. NISOURCE INC		2015-12-03	2019-07-12
	5. NORFOLK SOUTHN CORP			2019-07-12
	3. NORTHROP GRUMMAN CORP		2019-05-20	2019-07-12
	3. NVIDIA CORP		2018-10-08	2019-07-12
	1. O'REILLY AUTOMOTIVE INC		2017-05-05	2019-07-12
	8. PAYPAL HOLDINGS INC		2019-01-23	2019-07-12
	8. PEPSICO INC		2018-05-22	2019-07-12
	30. PFIZER INC		2018-10-30	2019-07-12
	4. PHILIP MORRIS INTERNATIONAL		2017-04-24	2019-07-12
	5. PIONEER NAT RES CO			2019-07-12
	7. PROCTER & GAMBLE CO		2019-06-05	2019-07-12
	3. QUALCOMM INC		2019-05-01	2019-07-12
	6. ROSS STORES INC		2018-12-11	2019-07-12
	2. SVB FINANCIAL GROUP		2015-02-06	2019-07-12
	4. SALESFORCE.COM INC		2018-10-08	2019-07-12
	5. STANLEY BLACK & DECKER,INC.			2019-07-12
	9. TEXAS INSTRS INC		2019-02-19	2019-07-12
	6. UNION PAC CORP		2018-02-22	2019-07-12
	3. UNITED TECHNOLOGIES CORP			2019-07-12
	7. UNITEDHEALTH GROUP INC		2013-06-13	2019-07-12
	3. VERTEX PHARMACEUTICALS INC		2011-12-15	2019-07-12
	4. VISA INC CLASS A SHARES		2015-10-19	2019-07-12
	5. WASTE CONNECTIONS INC		2016-08-10	2019-07-12
	11. WELLS FARGO & CO NEW		2009-12-15	2019-07-12
	3. WEX INC		2016-05-02	2019-07-12
	3. YUM BRANDS INC		2018-11-29	2019-07-12
	7. ZIMMER HLDGS INC		2018-04-26	2019-07-12
	5. ALLEGION PLC		2015-11-19	2019-07-12
	4. ACCENTURE PLC			2019-07-12
	7. LINDE PLC		2019-05-20	2019-07-12
	6. APTIV PLC		2018-04-26	2019-07-12
	5. CHUBB LTD		2012-06-01	2019-07-12
	5. NXP SEMICONDUCTORS NV			2019-07-12
	15000. GOLDMAN SACHS GROUP INC 4.000% 03/03/2024 DTD 03/03/2014			2019-07-26
	33000. GOLDMAN SACHS GROUP INC SR NTS 3.0% 04/26/2022 DTD			2019-07-26
	5000. NEXEN ENERGY ULC 6.200% 07/30/2019 DTD 07/27/2009		2015-07-09	2019-07-30
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	82	85	-3
b	81	85	-4
c	161	171	-10
d	316	342	-26
e	81	85	-4
	161	171	-10
	82	85	-3
	3,103	2,179	924
	34,645	34,178	467
	6,140	4,285	1,855
	5,891	3,659	2,232
	21,096	22,662	-1,566
	2,768	3,070	-302
	2,037	2,343	-306
	4,786	4,820	-34
	2,000	1,998	2
	8,608	3,995	4,613
	2,778	2,412	366
	924	799	125
	588	507	81
	84	72	12
	168	145	23
	756	651	105
	339	289	50
	85	72	13
	164	144	20
	326	289	37
	322	289	33
	81	72	9
	81	72	9
	7,502	5,164	2,338
	4,064	2,793	1,271
	334	99	235
	4,909	5,028	-119
	6,684	5,563	1,121
	2,263	2,422	-159
	12,971	13,334	-363
	3,031	4,288	-1,257
	2,323	1,749	574
	867	319	548
	2,465	1,548	917
	1,535	964	571
	615	224	391
	906	330	576
	2,709	984	1,725
	575	205	370
	1,696	605	1,091
	288	103	185
	780	285	495
	48	57	-9
	48	57	-9
	664	799	-135
	1,045	1,256	-211
	256	165	91
	464	561	-97
	471	551	-80
	45	55	-10
	45	55	-10
	1,933	2,313	-380
	315	386	-71
	180	220	-40
	9,767	9,781	-14
	4,867	4,949	-82
	1,417	908	509
	253	165	88
	2,436	1,567	869
	263	330	-67
	131	165	-34
	88	110	-22
	44	55	-11
	44	55	-11
	44	55	-11
	8		8
	1,285	825	460
	5,165	1,196	3,969
	172	220	-48
	42	55	-13
	42	55	-13
	42	55	-13
	43	55	-12
	4,280	3,484	796
	971	790	181
	331	254	77
	42	55	-13
	1,289	1,012	277
	4,235	3,046	1,189
	1,771	1,273	498
	313	227	86
	726	266	460
	5,069	5,201	-132
	7,000	9,965	-2,965
	9,576	9,576
	2,000	2,005	-5
	8,000	9,328	-1,328
	12		12
	303	531	-228
	6,075	10,002	-3,927
	2,913	4,121	-1,208
	1,702	2,345	-643
	934	1,279	-345
	224	201	23
	1,031	921	110
	147	129	18
	7,515	7,207	308
	5,000	4,988	12
	582	516	66
	221	192	29
	1,243	1,076	167
	1,015	886	129
	217	190	27
	998	886	112
	24,526	25,356	-830
	652	570	82
	1,648	2,813	-1,165
	370	623	-253
	504	443	61
	715	633	82
	1,112	1,868	-756
	646	1,088	-442
	465	769	-304
	91	154	-63
	373	615	-242
	7,073	6,383	690
	2,087	4,388	-2,301
	550	1,141	-591
	4,513	5,219	-706
	10,000	11,006	-1,006
	25,000	22,427	2,573
	69	102	-33
	752	1,117	-365
	205	305	-100
	272	406	-134
	992	241	751
	1,153	1,358	-205
	165	194	-29
	1,221	1,615	-394
	798	193	605
	2,387	579	1,808
	1,974	2,328	-354
	136	178	-42
	413	534	-121
	69	89	-20
	3,241	762	2,479
	2,238	1,945	293
	249	291	-42
	10		10
	136	178	-42
	271	356	-85
	1,498	1,297	201
	276	356	-80
	70	89	-19
	328	288	40
	208	267	-59
	1,671	1,441	230
	70	89	-19
	140	178	-38
	10,000	10,519	-519
	349	442	-93
	4,850	5,045	-195
	20,000	19,651	349
	5,000	5,255	-255
	15,000	14,665	335
	1,884	1,659	225
	835	737	98
	2,309	2,027	282
	3,756	2,297	1,459
	2,296	2,024	272
	735	445	290
	3,071	1,835	1,236
	4,884	5,039	-155
	10,000	10,160	-160
	15,421	16,681	-1,260
	5,027	5,213	-186
	3,202	3,423	-221
	3,842	552	3,290
	11,365	9,720	1,645
	5,832	5,426	406
	20,000	20,198	-198
	21		21
	10,000	10,683	-683
	1,031	1,020	11
	2,061	2,039	22
	2,457	2,753	-296
	57	65	-8
	400	444	-44
	115	127	-12
	3,147	3,237	-90
	1,604	1,490	114
	397	369	28
	7,175	7,137	38
	3,416	4,438	-1,022
	2,733	3,418	-685
	6,210	7,384	-1,174
	1,210	1,449	-239
	232	274	-42
	4,433	5,438	-1,005
	1,021	1,204	-183
	3,670	3,890	-220
	230	180	50
	115	90	25
	746	585	161
	345	270	75
	406	315	91
	1,395	1,081	314
	295	240	55
	4,724	3,827	897
	2,372	1,911	461
	683	558	125
	991	796	195
	2,995	2,024	971
	2,702	1,758	944
	696	433	263
	1,736	1,072	664
	4,848	4,843	5
	4,063	3,645	418
	177	176	1
	1,671	1,500	171
	2,826	2,488	338
	2,447	3,123	-676
	2,775	3,540	-765
	1,304	1,666	-362
	19,995	20,213	-218
	3,000	2,987	13
	3,063	2,986	77
	3,515	3,428	87
	1,264	1,231	33
	6,101	8,867	-2,766
	55	53	2
	1,097	1,069	28
	1,255	1,229	26
	219	214	5
	35,000	38,514	-3,514
	165	160	5
	166	160	6
	278	267	11
	55	53	2
	55	53	2
	5,442	4,330	1,112
	4,360	3,885	475
	7,006	4,135	2,871
	1,280	1,037	243
	5,119	4,397	722
	1,599	1,296	303
	9		9
	25		25
	10,000	10,006	-6
	290	34	256
	248	269	-21
	1,897	381	1,516
	619	615	4
	1,001	96	905
	332	294	38
	675	228	447
	840	856	-16
	412	234	178
	562	79	483
	464	521	-57
	775	612	163
	474	430	44
	205	179	26
	592	602	-10
	217	210	7
	420	310	110
	221	281	-60
	377	361	16
	288	342	-54
	379	151	228
	365	192	173
	363	356	7
	179	184	-5
	617	148	469
	698	283	415
	171	117	54
	224	266	-42
	335	258	77
	297	61	236
	372	572	-200
	786	142	644
	409	402	7
	502	489	13
	1,756	564	1,192
	384	276	108
	476	384	92
	365	371	-6
	409	339	70
	173	115	58
	579	452	127
	320	313	7
	321	537	-216
	345	271	74
	533	399	134
	560	554	6
	156	224	-68
	304	294	10
	220	213	7
	150	173	-23
	205	161	44
	299	303	-4
	286	213	73
	459	430	29
	499	401	98
	129	124	5
	735	192	543
	178	79	99
	344	154	190
	188	105	83
	323	184	139
	201	94	107
	220	184	36
	460	459	1
	215	133	82
	370	169	201
	604	558	46
	159	174	-15
	450	212	238
	195	189	6
	4,406	490	3,916
	616	64	552
	241	269	-28
	2,287	1,074	1,213
	1,144	727	417
	2,013	381	1,632
	1,020	984	36
	2,232	211	2,021
	493	442	51
	1,001	322	679
	1,070	1,070
	948	514	434
	1,117	154	963
	1,197	1,352	-155
	822	612	210
	1,078	922	156
	573	491	82
	1,319	1,290	29
	345	429	-84
	441	421	20
	1,155	827	328
	495	661	-166
	816	812	4
	650	797	-147
	799	301	498
	641	319	322
	937	890	47
	554	552	2
	1,078	247	831
	1,406	567	839
	273	176	97
	535	614	-79
	749	599	150
	637	122	515
	887	1,306	-419
	1,394	237	1,157
	425	402	23
	20,611	20,787	-176
	959	977	-18
	3,748	1,083	2,665
	767	552	215
	1,067	837	230
	377	371	6
	628	508	120
	382	249	133
	1,016	752	264
	978	939	39
	505	805	-300
	395	252	143
	962	723	239
	1,069	799	270
	1,275	1,277	-2
	327	449	-122
	725	733	-8
	800	747	53
	223	259	-36
	623	484	139
	435	253	182
	635	605	30
	725	531	194
	1,060	968	92
	1,036	802	234
	396	371	25
	1,856	448	1,408
	525	94	431
	721	308	413
	483	263	220
	518	285	233
	650	282	368
	335	276	59
	842	803	39
	546	332	214
	778	336	442
	1,429	1,302	127
	476	522	-46
	745	353	392
	474	471	3
	15,845	15,578	267
	33,221	32,866	355
	5,000	5,634	-634
			12,963

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
b			-4
c			-10
d			-26
e			-4
			-10
			-3
			924
			467
			1,855
			2,232
			-1,566
			-302
			-306
			-34
			2
			4,613
			366
			125
			81
			12
			23
			105
			50
			13
			20
			37
			33
			9
			9
			2,338
			1,271
			235
			-119
			1,121
			-159
			-363
			-1,257
			574
			548
			917
			571
			391
			576
			1,725
			370
			1,091
			185
			495
			-9
			-9
			-135
			-211
			91
			-97
			-80
			-10
			-10
			-380
			-71
			-40
			-14
			-82
			509
			88
			869
			-67
			-34
			-22
			-11
			-11
			-11
			8
			460
			3,969
			-48
			-13
			-13
			-13
			-12
			796
			181
			77
			-13
			277
			1,189
			498
			86
			460
			-132
			-2,965

			-5
			-1,328
			12
			-228
			-3,927
			-1,208
			-643
			-345
			23
			110
			18
			308
			12
			66
			29
			167
			129
			27
			112
			-830
			82
			-1,165
			-253
			61
			82
			-756
			-442
			-304
			-63
			-242
			690
			-2,301
			-591
			-706
			-1,006
			2,573
			-33
			-365
			-100
			-134
			751
			-205
			-29
			-394
			605
			1,808
			-354
			-42
			-121
			-20
			2,479
			293
			-42
			10
			-42
			-85
			201
			-80
			-19
			40
			-59
			230
			-19
			-38
			-519
			-93
			-195
			349
			-255
			335
			225
			98
			282
			1,459
			272
			290
			1,236
			-155
			-160
			-1,260
			-186
			-221
			3,290
			1,645
			406
			-198
			21
			-683
			11
			22
			-296
			-8
			-44
			-12
			-90
			114
			28
			38
			-1,022
			-685
			-1,174
			-239
			-42
			-1,005
			-183
			-220
			50
			25
			161
			75
			91
			314
			55
			897
			461
			125
			195
			971
			944
			263
			664
			5
			418
			1
			171
			338
			-676
			-765
			-362
			-218
			13
			77
			87
			33
			-2,766
			2
			28
			26
			5
			-3,514
			5
			6
			11
			2
			2
			1,112
			475
			2,871
			243
			722
			303
			9
			25
			-6
			256
			-21
			1,516
			4
			905
			38
			447
			-16
			178
			483
			-57
			163
			44
			26
			-10
			7
			110
			-60
			16
			-54
			228
			173
			7
			-5
			469
			415
			54
			-42
			77
			236
			-200
			644
			7
			13
			1,192
			108
			92
			-6
			70
			58
			127
			7
			-216
			74
			134
			6
			-68
			10
			7
			-23
			44
			-4
			73
			29
			98
			5
			543
			99
			190
			83
			139
			107
			36
			1
			82
			201
			46
			-15
			238
			6
			3,916
			552
			-28
			1,213
			417
			1,632
			36
			2,021
			51
			679

			434
			963
			-155
			210
			156
			82
			29
			-84
			20
			328
			-166
			4
			-147
			498
			322
			47
			2
			831
			839
			97
			-79
			150
			515
			-419
			1,157
			23
			-176
			-18
			2,665
			215
			230
			6
			120
			133
			264
			39
			-300
			143
			239
			270
			-2
			-122
			-8
			53
			-36
			139
			182
			30
			194
			92
			234
			25
			1,408
			431
			413
			220
			233
			368
			59
			39
			214
			442
			127
			-46
			392
			3
			267
			355
			-634

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	69,442
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	152,261	3,309,191	0.046012
2016	147,313	3,148,955	0.046782
2015	148,772	3,027,293	0.049144
2014	80,043	3,183,020	0.025147
2013	77,941	3,035,845	0.025674

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

0.192759

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 ......

0.038552

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

3,238,286

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

124,842

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

1,269

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

126,111

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

165,073

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	1,269
	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	1,269
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	1,269
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	1,669
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

7	Total credits and payments. Add lines 6a through 6d..............		7	1,669
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	400
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax0	Refunded	11	400

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

The books are in care of bullet

JP MORGAN CHASE BANK NA Telephone no. bullet

(800) 496-2583

Located at bullet

10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+4 bullet

60603

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
JP MORGAN CHASE BANK NA	TRUSTEE 2	39,558
10 S DEARBORN ST MC IL 1-0111 CHICAGO,IL60603	TRUSTEE 2	39,558

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

3,237,547

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

50,053

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

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

3,287,600

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

3,287,600

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

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

49,314

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

3,238,286

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

161,914

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

161,914

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

1,269

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

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

1,269

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

160,645

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

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

160,645

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

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

160,645

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 ..........

165,073

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

165,073

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

1,269

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

163,804

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					160,645
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				162,325
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 165,073
a Applied to 2017, but not more than line 2a				162,325
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.....					2,748
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 ..........					157,897
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....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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).)

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2018)

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
TRINITY-PAWLING SCHOOL 700 ROUTE 22 PAWLING,NY12564	NONE	PC	GENERAL	149,000
Total ................................. 3a				149,000

bApproved for future payment

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

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 ...........
4 Dividends and interest from securities....			14	81,984
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	69,442
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)..				151,426

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

151,426

(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

Name of Bond	End of Year Book Value	End of Year Fair Market Value
00206RAJ1 AT&T INC 5 1/2% FEB
00440EAM9 ACE INA HOLDINGS 5.9
020002AZ4 ALLSTATE CORP 3.150%	5,255	5,156
02364WAN5 AMERICA MOVIL SAB DE
025816AY5 AMERICAN EXPRESS SR
03076CAH9 AMERIPRISE FINANCIAL	9,747	10,086
031162AZ3 AMGEN INC SR NOTES 5
03523TBE7 ANHEUSER BUSCH INBEV
03523TBH0 ANHEUSER BUSCH INBEV	5,191	4,048
035242AP1 ANHEUSER-BUSCH INBEV
037833AS9 APPLE INC 3.450% 05/	26,320	26,352
037833AZ3 APPLE INC 2.500% 02/	4,982	5,036
05348EAU3 AVALONBAY COMMUNITIE
055451AU2 BHP BILLITON FIN USA
05574LTX6 BNP PARIBAS MTN 2.40
06051GDZ9 BANK OF AMERICA CORP
06406HCR8 BANK OF NEW YORK MEL
084664BT7 BERKSHIRE HATHAWAY F
09247XAL5 BLACKROCK INC 3.500%	5,299	5,304
097023AM7 BOEING CO 7 1/4% JUN	6,605	6,200
12189LAM3 BURLINGTN NORTH SANT	10,184	10,251
12572QAG0 CME GROUP INC 3.000%	4,991	5,177
14912L4E8 CATERPILLAR FINACIAL
15189XAR9 CENTERPOINT ENER HOU	4,967	5,117
166764AH3 CHEVRON CORP 3.191%	10,262	10,367
172967HT1 CITIGROUP INC 3.750%
172967HU8 CITIGROUP INC 2.500%
20825CAR5 CONOCOPHILLIPS NOTES
24422ERM3 JOHN DEERE CAPITAL C	11,025	11,132
250847EJ5 DETROIT EDISON COMPA	4,933	5,046
25152CMN3 DEUTSCHE BANK AG LON
25243YAM1 DIAGEO CAPITAL PLC N
26442CAG9 DUKE ENERGY CAROLINA
26875PAA9 EOG RESOURCES INC 5
26884ABA0 ERP OPERATING LP 3.0	10,278	10,229
278058DH2 EATON CORP 6.95% MAR
278642AE3 EBAY INC 2.6% JUL 15
29364DAR1 ENTERGY ARKANSAS INC	6,012	6,108
29365PAP7 ENTERGY LOUISIANA LL	5,796	5,718
30231GAT9 EXXON MOBIL CORPORAT	5,149	5,192
343412AB8 FLUOR CORP (NEW) 3 3
36962G4Y7 GENERAL ELEC CAP COR	32,412	30,856
375558AW3 GILEAD SCIENCES INC	20,562	21,004
38141EA25 GOLDMAN SACHS GROUP
38141GGS7 GOLDMAN SACHS GROUP
404280AL3 HSBC HOLDINGS PLC 4.	16,503	15,801
404280AN9 HSBC HOLDINGS PLC 4%	16,704	16,590
40429CGD8 HSBC FINANCE CORP 6.
458140AJ9 INTEL CORP 3.3% OCT
45866FAB0 INTERCONTINENTALEXCH
46132FAA8 INVESCO FINANCE PLC
539473AH1 LLOYDS TSB BANK PLC	11,588	10,560
548661CV7 LOWE'S COMPANIES INC	10,100	10,290
553794AC2 MUFG AMERICAS HLDGS	8,021	8,087
56501RAB2 MANULIFE FINANCIAL C	5,488	5,135
571748BA9 MARSH & MCLENNAN COS	5,023	5,137
585055AX4 MEDTRONIC INC 3.125%
594918AT1 MICROSOFT CORP 2.375	7,973	8,083
61747WAL3 MORGAN STANLEY 5 1/2
629491AB7 NYSE EURONEXT 2% OCT
637432LR4 NATIONAL RURAL UTIL
63946BAE0 NBCUNIVERSAL MEDIA L	11,248	10,345
65334HAK8 NEXEN ENERGY ULC 6.2
665772CK3 NORTHERN STATES PWR-
66989GAA8 NOVARTIS SECS INVEST
670346AM7 NUCOR CORP 4.000% 08	5,226	5,272
674599BY0 OCCIDENTAL PETROLEUM	5,175	5,102
68389XBL8 ORACLE CORP 2.400% 0	20,210	20,086
694308GT8 PACIFIC GAS & ELECTR
010392FQ6 ALABAMA POWER CO 2.4	9,992	10,047
61746BDZ6 MORGAN STANLEY MTN 3	15,227	15,882
606822AL8 MITSUBISHI UFJ FIN G	10,043	10,126
064159HM1 BANK OF NOVA SCOTIA	14,922	15,044
500472AF2 PHILIPS ELECTRONICS
693476BN2 PNC FUNDING CORP SR	15,588	15,373
73755LAH0 POTASH CORP-SASKATCH
73755LAL1 POTASH CORP-SASKATCH
737679DG2 POTOMAC ELECTRIC POW	5,291	5,247
74251VAH5 PRINCIPAL FINANCIAL	3,994	4,081
74432QBM6 PRUDENTIAL FINANCIAL	11,222	10,268
21685WBT3 RABOBANK NEDERLAND N
78008S7D2 ROYAL BANK OF CANADA
78012KKU0 ROYAL BANK OF CANADA	4,994	5,022
797440BU7 SAN DIEGO G & E 2.50	4,984	4,936
806854AH8 SCHLUMBERGER INVESTM	5,063	5,225
822582BD3 SHELL INTERNATIONAL	25,590	26,146
826418BJ3 SIERRA PACIFIC POWER	10,617	10,305
828807CR6 SIMON PROPERTY GROUP	10,472	10,546
857477AL7 STATE STREET CORP 3.	3,994	4,097
857477AM5 STATE STREET CORP 3.
857477AT0 STATE STREET CORP 3.	10,450	10,565
85771PAP7 STATOIL ASA 2.900% 1	1,000	1,008
863667AH4 STRYKER CORP 3.375%
86562MAE0 SUMITOMO MITSUI FINL	24,576	24,844
87236YAA6 TD AMERITRADE HOLDIN	11,904	10,103
88166JAA1 TEVA PHARM FIN IV BV
89114QBG2 TORONTO-DOMINION BAN	5,990	5,994
89152UAF9 TOTAL CAPITAL SA 4 1	5,333	5,145
8935268Y2 TRANS - CANADA PIPEL
89417EAE9 TRAVELERS COS INC SR
89417EAF6 TRAVELLERS COS INC S
91324PBT8 UNITEDHEALTH GROUP I	10,200	10,213
91159JAA4 US BANCORP MTN 2.95%	9,918	10,171
927804FQ2 VIRGINIA ELEC & POWE	7,166	7,280
92976WBH8 WACHOVIA CORP MEDIUM
94974BFJ4 WELLS FARGO & COMPAN	20,164	20,560
94974BFY1 WELLS FARGO & COMPAN	10,200	10,577
961214BK8 WESTPAC BANKING CORP	10,352	10,078
747525AU7 QUALCOMM INC 3.250%	4,976	5,123
89153VAL3 TOTAL CAPITAL INTL S	5,302	5,318
05565QDL9 BP CAPITAL MARKETS P
74340XAW1 PROLOGIS LP 4.250% 0	5,431	5,347
665859AP9 NORTHERN TRUST CORP	7,465	7,539
59156RBB3 METLIFE INC 4.368% 0	21,622	21,581
00037BAB8 ABB FINANCE USA INC	5,126	5,071
00287YAX7 ABBVIE INC 2.850% 05
008117AN3 AETNA INC 4 1/8% JUN
02209SAN3 ALTRIA GROUP INC 2.8	5,102	5,040
025816BM0 AMERICAN EXPRESS CO	18,453	19,068
05348EBC2 AVALONBAY COMMUNITIE	4,983	5,188
05531FBB8 BB&T CORPORATION MTN	17,963	18,271
059165EG1 BALTIMORE GAS & ELEC	4,749	4,893
06051GGQ6 BANK OF AMERICA CORP	49,969	50,414
06406HDD8 BANK OF NY MELLON CO	5,090	5,019
084670BR8 BERKSHIRE HATHAWAY I	15,309	15,292
172967LM1 CITIGROUP INC VAR RT	4,989	5,039
20030NBL4 COMCAST CORP 3.375%	4,865	5,212
20030NBW0 COMCAST CORP 2.350%	9,156	9,769
25468PCT1 WALT DISNEY COMPANY/	5,081	5,047
316773CT5 FIFTH THIRD BANCORP	5,109	5,022
337358BH7 FIRST UNION CORP SUB	6,304	6,305
38141GVM3 GOLDMAN SACHS GROUP
38141GWC4 GOLDMAN SACHS GROUP
402479CF4 GULF POWER CO 3.300%	15,000	15,633
454889AS5 IN MI PWR SR NTS 3.8	9,969	10,788
582839AJ5 MEAD JOHNSON NUTRITI	10,273	10,081
6174468C6 MORGAN STANLEY 4.000	10,278	10,677
67077MAB4 NUTRIEN LTD 4.875% 0	5,354	5,072
67077MAC2 NUTRIEN LTD 3.625% 0	4,956	5,164
68233JAZ7 ONCOR ELECTRIC DELIV	10,811	11,251
686330AJ0 ORIX CORP 3.700% 07/	10,077	10,501
686330AK7 ORIX CORP 3.250% 12/	4,788	5,138
718172CD9 PHILIP MORRIS INTL I	14,783	15,059
744448CP4 PUB SVC CO 3.7% 06/1	9,979	10,809
80283LAK9 SANTANDER UK PLC 2.5
857477AZ6 STATE STREET CORP VA	4,848	5,039
85771PAG7 STATOIL ASA 2.450% 0	10,032	10,073
882508BC7 TEXAS INSTRUMENTS IN	14,813	15,479
961214CV3 WESTPAC BANKING CORP	4,980	4,987
961214CX9 WESTPAC BNKG CORP SR	13,922	15,288
008117AP8 AETNA INC 2.750% 11/	4,804	5,010
02209SAP8 ALTRIA GROUP INC 2.9	4,882	5,066
048303CH2 ATLANTIC CITY ELEC 4	16,541	16,559
05348EAV1 AVALONBAY COMMUNITIE	4,850	5,240
06051GFX2 BANK OF AMERICA CORP	20,069	20,897
064159MK9 BK OF NOVA SCOTIA SR	10,009	10,397
097023BU8 BOEING CO SR NTS 2.8	10,007	10,019
10373QAY6 BP CAP MARKETS AMER	24,501	25,843
136069XY2 CANADIAN IMPERIAL BA	9,829	10,064
172967KY6 CITIGROUP INC 3.200%	15,142	15,321
172967MF5 CITIGROUP INC SR NTS	30,248	30,857
20030NBS9 COMCAST CORP 3.150%	4,801	5,175
200340AS6 COMERICA INC SR NTS	15,141	15,640
21685WDD6 RABOBANK NEDERLAND U	15,362	15,559
38141GWB6 GOLDMAN SACHS GROUP	36,703	36,729
404280AK5 HSBC HOLDINGS PLC 5.	5,155	5,219
437076BN1 HOME DEPOT INC 2.125	9,159	9,810
46132FAB6 INVESCO FINANCE PLC	4,983	5,285
532457BV9 ELI LILLY & CO SR NT	9,985	10,644
56501RAC0 MANULIFE FINANCIAL C	5,067	5,416
61761JVL0 MORGAN STANLEY 3.700	19,788	20,984
637432NQ4 NATL RURAL UTIL COOP	5,172	5,493
717081ET6 PFIZER INC SR NTS 3.	4,984	5,296
740189AM7 PRECISION CASTPARTS	9,811	10,406
74460DAD1 PUB STORAGE SR NTS 3	5,000	5,249
808513AU9 CHARLES SCHWAB CORP	5,016	5,165
828807CS4 SIMON PROPERTY GROUP	4,928	5,208
863667AN1 STRYKER CORP 3.500%	5,009	5,257
86562MAX8 SUMITOMO MITSUI FINL	9,912	10,216
86787EBC0 SUNTRUST BK SR NTS 3	15,098	15,469
89153VAQ2 TOTAL CAP INTL SA 3.	5,000	5,333
893526DM2 TRANS-CANADA PIPELIN	14,517	14,969
949746SK8 WELLS FARGO & COMPAN	20,303	20,295

Name of Stock	End of Year Book Value	End of Year Fair Market Value
00171A530 AMG MANAGERS PICTET
00206R102 AT&T INC
00724F101 ADOBE INC.	1,533	14,345
00846U101 AGILENT TECHNOLOGIES
02079K107 ALPHABET INC/CA-CL C	14,558	45,017
02079K305 ALPHABET INC/CA-CL A	7,063	20,709
09062X103 BIOGEN INC
09247X101 BLACKROCK INC
16119P108 CHARTER COMMUNICATIO	12,324	20,425
20030N101 COMCAST CORP-CLASS A	17,604	27,758
20605P101 CONCHO RESOURCES INC
25278X109 DIAMONDBACK ENERGY I	9,234	9,205
25470M109 DISH NETWORK CORP-A
26875P101 EOG RESOURCES INC	15,752	16,912
26884L109 EQT CORP
30303M102 FACEBOOK INC-A	6,230	16,121
31620M106 FIDELITY NATIONAL IN	7,672	16,257
38141G104 GOLDMAN SACHS GROUP
45866F104 INTERCONTINENTAL EXC	4,240	6,414
57636Q104 MASTERCARD INC-CLASS	2,913	35,123
58933Y105 MERCK & CO. INC.	17,786	21,743
60871R209 MOLSON COORS BREWING
65339F101 NEXTERA ENERGY INC	10,128	14,709
65473P105 NISOURCE INC	3,612	8,640
67103H107 O'REILLY AUTOMOTIVE	5,769	8,757
G0176J109 ALLEGION PLC	6,247	9,940
G0177J108 ALLERGAN PLC
G1151C101 ACCENTURE PLC-CL A	7,368	17,525
G27823106 DELPHI AUTOMOTIVE PL
G47791101 INGERSOLL-RAND PLC
H1467J104 CHUBB LTD	7,341	18,799
Y09827109 BROADCOM LTD
002824100 ABBOTT LABORATORIES
15351109 ALEXION PHARMACEUTICA	6,599	5,551
23135106 AMAZON.COM INC	9,932	50,403
26874784 AMERICAN INTERNATIONA
032511107 ANADARKO PETROLEUM C
32654105 ANALOG DEVICES INC
37833100 APPLE INC	4,791	53,260
04314H857 ARTISAN INTL VALUE F	82,573	109,833
60505104 BANK OF AMERICA CORP	6,130	22,979
64058100 BANK OF NEW YORK MELL
84670702 BERKSHIRE HATHAWAY IN	19,682	22,186
101137107 BOSTON SCIENTIFIC CO	9,897	19,829
110122108 BRISTOL-MYERS SQUIBB
151020104 CELGENE CORP	21,455	25,170
172967424 CITIGROUP INC	13,440	23,412
125896100 CMS ENERGY CORP
256206103 DODGE & COX INTL STO	26,486	24,468
260543103 DOW CHEMICAL CO/THE
263534109 DU PONT (E.I.) DE NE
277432100 EASTMAN CHEMICAL CO
532457108 ELI LILLY & CO	11,782	16,560
369550108 GENERAL DYNAMICS COR	12,642	14,689
369604103 GENERAL ELECTRIC CO
375558103 GILEAD SCIENCES INC
416515104 HARTFORD FINANCIAL S
437076102 HOME DEPOT INC	3,922	23,720
438516106 HONEYWELL INTERNATIO	8,008	31,560
444859102 HUMANA INC
464287465 ISHARES MSCI EAFE IN	88,994	99,769
464287648 ISHARES RUSSELL 2000	19,948	36,832
493267108 KEYCORP	8,844	11,959
534187109 LINCOLN NATIONAL COR
548661107 LOWE'S COS INC	2,582	13,385
573284106 MARTIN MARIETTA MATE
574599106 MASCO CORP
595017104 MICROCHIP TECHNOLOGY
594918104 MICROSOFT CORP	14,030	79,854
609207105 MONDELEZ INTERNATION	7,949	16,742
617446448 MORGAN STANLEY	12,053	23,661
654106103 NIKE INC -CL B
655844108 NORFOLK SOUTHERN COR	15,810	22,170
666807102 NORTHROP GRUMMAN COR	14,989	20,043
674599105 OCCIDENTAL PETROLEUM
713448108 PEPSICO INC	16,589	21,983
717081103 PFIZER INC	21,792	24,780
718172109 PHILIP MORRIS INTERN	7,748	7,274
723787107 PIONEER NATURAL RESO	12,541	12,976
693475105 PNC FINANCIAL SERVIC
808513105 SCHWAB (CHARLES) COR
854502101 STANLEY BLACK & DECK	9,565	15,054
855244109 STARBUCKS CORP
78486Q101 SVB FINANCIAL GROUP	4,643	8,815
882508104 TEXAS INSTRUMENTS IN	12,010	24,752
500754106 THE KRAFT HEINZ CO
872540109 TJX COMPANIES INC
872590104 T-MOBILE US INC
90130A101 TWENTY-FIRST CENTURY
907818108 UNION PACIFIC CORP	14,187	24,833
910047109 UNITED CONTINENTAL H
91324P102 UNITEDHEALTH GROUP I	7,077	40,340
92532F100 VERTEX PHARMACEUTICA	1,474	7,831
92826C839 VISA INC-CLASS A SHA	7,208	16,732
931427108 WALGREENS BOOTS ALLI
254687106 WALT DISNEY CO/THE	16,797	25,170
94106B101 WASTE CONNECTIONS IN	5,552	10,161
949746101 WELLS FARGO & CO	5,022	11,715
96208T104 WEX INC	4,702	11,122
98138H101 WORKDAY INC-CLASS A
46432F842 ISHARES CORE MSCI EA	81,068	79,990
25816109 AMERICAN EXPRESS CO	17,760	19,650
191216100 COCA-COLA CO/THE	10,112	11,947
247361702 DELTA AIR LINES INC
256746108 DOLLAR TREE INC
693656100 PVH CORP
701094104 PARKER HANNIFIN CORP
701877102 PARSLEY ENERGY INC-C
913017109 UNITED TECHNOLOGIES	7,550	8,283
981558109 WORLDPAY INC CL A
3.073E+108 AMERISOURCEBERGEN C
00171C403 AMG MG PICTET INTL-Z	75,335	81,597
11135F101 BROADCOM INC	3,223	26,969
26078J100 DOWDUPONT INC
46641Q712 JPMORGAN BETABUILDER	30,592	28,994
56585A102 MARATHON PETROLEUM C	23,051	18,665
67066G104 NVIDIA CORP	16,695	12,654
68389X105 ORACLE CORP
70450Y103 PAYPAL HOLDINGS INC	15,135	19,210
79466L302 SALESFORCE.COM INC	13,700	16,068
98956P102 ZIMMER HOLDINGS INC	18,517	22,296
G5960L103 MEDTRONIC PLC
G6095L109 APTIV PLC	8,892	10,167
53015103 AUTOMATIC DATA PROCES	10,685	12,322
285512109 ELECTRONIC ARTS INC	14,638	14,153
337738108 FISERV INC	27,959	32,894
580135101 MCDONALD'S CORP	10,860	11,379
742718109 PROCTER & GAMBLE CO/	15,370	16,998
747525103 QUALCOMM INC	7,179	6,072
778296103 ROSS STORES INC	9,864	13,042
988498101 YUM] BRANDS INC	6,349	7,876
22052L104 CORTEVA INC	8,546	8,437
26614N102 DUPONT DE NEMOURS IN	14,236	11,906
46641Q696 JPMORGAN BETABUILDER	33,031	33,372
64110L106 NETFLIX INC	14,330	12,597
G5494J103 LINDE PLC	24,756	27,927
N6596X109 NXP SEMICONDUCTORS N	9,314	10,339

Category	Amount	Net Investment Income
FOREIGN TAXES	190	190
FEDERAL ESTIMATES - INCOME	900	0
FOREIGN TAXES ON QUALIFIED FOR	595	595
FOREIGN TAXES ON NONQUALIFIED	13	13

Description	Amount
COST BASIS ADJUSTMENT	282
ACCRUED INT PAID-CARRYOVER ADJUSTMENT	355