Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 08-01-2018 , and ending 07-31-2019
Name of foundation
WILLARD J & ALICE C CORBETT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)111 WEST MONROE STREET TAX DIV 12W
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

36-4099445
B Telephone number (see instructions)

(312) 461-5154
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,850,630J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 43,067 43,067  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 102,108
b Gross sales price for all assets on line 6a 2,170,046
7 Capital gain net income (from Part IV, line 2)... 102,108
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)....... 1,614    
12 Total. Add lines 1 through 11........ 146,789 145,175  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 16,883 8,442   8,442
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)... Click to see attachment 1,208 144   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)....... Click to see attachment 15     15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,106 8,586 0 8,457
25 Contributions, gifts, grants paid....... 130,326 130,326
26 Total expenses and disbursements. Add lines 24 and 25 148,432 8,586 0 138,783
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,643
b Net investment income (if negative, enter -0-) 136,589
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,764,222 1,766,360 1,850,630
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,764,222 1,766,360 1,850,630
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 1,764,222 1,766,360
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)..... 1,764,222 1,766,360
31 Total liabilities and net assets/fund balances (see instructions). 1,764,222 1,766,360
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,764,222
2
Enter amount from Part I, line 27a .....................
2
-1,643
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,305
4
Add lines 1, 2, and 3 ..........................
4
1,767,884
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,524
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,766,360
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 18. ABBOTT LABORATORIES COMMON STOCK   2018-07-31 2018-08-21
b 31. ABBVIE INC   2018-01-18 2018-08-21
c 28. ALEXANDRIA REAL EST EQUITIES COMMON STOCK   2017-10-19 2018-08-21
d 4. ALLIANCE DATA SYSTEMS CORP COMMON STOCK   2017-10-19 2018-08-21
e 19. ALPHABET INC-CL C   2016-08-18 2018-08-21
1. AMAZON COM INC COMMON STOCK   2018-04-26 2018-08-21
46. AMEREN CORPORATION COMMON STOCK   2017-03-17 2018-08-21
157. AMERICAN ELECTRIC POWER CO INC COMMON STOCK   2017-08-17 2018-08-21
17. AMERICAN EXPRESS COMPANY CAPITAL STOCK   2018-01-18 2018-08-21
5. AMGEN INC COMMON STOCK   2018-07-31 2018-08-21
17. APPLE COMPUTER INC COMMON STOCK   2006-04-24 2018-08-21
2. AUTOZONE INC COMMON STOCK   2018-07-31 2018-08-21
8. BOEING COMPANY COMMON STOCK   2015-06-02 2018-08-21
10. CIGNA CORPORATION COMMON STOCK   2017-11-21 2018-08-21
10. CAPITAL ONE FINANCIAL CORP COMMON STOCK   2018-03-22 2018-08-21
17. CHEVRON TEXACO INC COMMON STOCK   2018-01-18 2018-08-21
5. CHEVRON TEXACO INC COMMON STOCK   2017-05-23 2018-08-21
65. CITIGROUP INC   2016-02-18 2018-08-21
65. COMCAST CORP-CLASS A   2011-12-15 2018-08-21
31. DISCOVER FINANCIAL SERVICES   2012-05-24 2018-08-21
15. EQUINIX INC   2017-04-20 2018-08-21
26. ESSEX PROPERTY TRUST INC COMMON STOCK   2017-03-17 2018-08-21
4. FEDEX CORP COMMON STOCK   2016-08-18 2018-08-21
12. F5 NETWORKS INC COMMON STOCK   2016-10-27 2018-08-21
42. FORTINET INC   2018-01-18 2018-08-21
63. FREEPORT-MCMORAN COPPER & GOLD CLASS B COMMON STOCK   2018-04-26 2018-08-21
10. HILL-ROM HOLDINGS INC   2017-02-16 2018-08-21
8. HOME DEPOT INC COMMON STOCK   2014-10-29 2018-08-21
8. HUNTINGTON INGALLS INDUSTRIE   2013-12-20 2018-08-21
38. INTEL CORPORATION COMMON STOCK   2018-07-31 2018-08-21
5. LAUDER ESTEE COMPANIES INC CLASS A COMMON STOCK   2018-05-17 2018-08-21
20. LILLY ELI & COMPANY COMMON STOCK   2017-11-21 2018-08-21
51. LOWES COMPANIES INC COMMON STOCK   2016-09-23 2018-08-21
19. MARATHON PETROLEUM CORP COM   2018-03-22 2018-08-21
26. MICROSOFT CORPORATION COMMON STOCK   2017-03-17 2018-08-21
203. ON SEMICONDUCTOR CORP COMMON STOCK   2018-03-22 2018-08-21
66. OWENS CORNING   2017-08-17 2018-08-21
28. OWENS ILLINOIS INC NEW COMMON STOCK   2017-10-19 2018-08-21
9. PALO ALTO NETWORKS INC   2018-04-26 2018-08-21
102. PFIZER INC COMMON STOCK   2018-02-22 2018-08-21
13. PROGRESSIVE CORPORATION OHIO COMMON STOCK   2017-07-20 2018-08-21
14. RED HAT INC COMMON STOCK   2017-11-21 2018-08-21
116. REGIONS FINANCIAL CORP   2018-02-22 2018-08-21
12. S&P GLOBAL INC   2018-03-22 2018-08-21
40. SCHLUMBERGER LTD COMMON STOCK   2017-11-21 2018-08-21
46. SMUCKER J M CO COMMON STOCK NEW   2018-01-18 2018-08-21
46. SOUTHWEST AIRLINES COMPANY COMMON STOCK   2018-03-22 2018-08-21
27. STEEL DYNAMICS INC COMMON STOCK   2016-10-27 2018-08-21
18. SUNTRUST BANKS INC COMMON STOCK   2018-05-17 2018-08-21
16. SYSCO CORPORATION COMMON STOCK   2018-04-26 2018-08-21
8. UNITED RENTALS INC COMMON STOCK   2016-02-18 2018-08-21
50. UNUMPROVIDENT CORPORATION COMMON STOCK   2016-11-17 2018-08-21
13. VISA INC-CLASS A SHARES   2018-05-17 2018-08-21
20. WAL-MART STORES INC COMMON STOCK   2017-06-22 2018-08-21
44. APPLIED MATERIALS INC COMMON STOCK   2018-08-21 2018-09-21
181. FREEPORT-MCMORAN COPPER & GOLD CLASS B COMMON STOCK   2018-04-26 2018-09-21
134. INTEL CORPORATION COMMON STOCK   2018-07-31 2018-09-21
145. ON SEMICONDUCTOR CORP COMMON STOCK   2018-01-18 2018-09-21
109. OWENS ILLINOIS INC NEW COMMON STOCK   2017-10-19 2018-10-18
90. STEEL DYNAMICS INC COMMON STOCK   2016-10-27 2018-10-18
1. CIGNA CORPORATION COMMON STOCK   2017-11-21 2018-11-19
22. CIGNA CORPORATION COMMON STOCK   2017-09-21 2018-11-19
7. RED HAT INC COMMON STOCK   2017-04-20 2018-11-19
21. RED HAT INC COMMON STOCK   2017-11-21 2018-11-19
31. UNITED RENTALS INC COMMON STOCK   2016-02-18 2018-11-19
70. ABBVIE INC   2017-07-20 2018-12-18
33. ABBVIE INC   2018-01-18 2018-12-18
19. ALLIANCE DATA SYSTEMS CORP COMMON STOCK   2017-10-19 2018-12-18
50. MARATHON PETROLEUM CORP COM   2018-03-22 2018-12-18
66. NETAPP INC   2018-09-21 2018-12-18
472. REGIONS FINANCIAL CORP   2018-04-26 2018-12-18
64. SUNTRUST BANKS INC COMMON STOCK   2018-05-17 2018-12-18
134. UNUMPROVIDENT CORPORATION COMMON STOCK   2016-05-23 2018-12-18
78. MYLAN NV   2018-09-21 2018-12-18
119. AMEREN CORPORATION COMMON STOCK   2016-05-23 2019-01-22
17. CIGNA CORP   2017-08-17 2019-01-22
30. DISCOVER FINANCIAL SERVICES   2012-02-16 2019-01-22
10. HOME DEPOT INC COMMON STOCK   2014-10-29 2019-01-22
28. HUNTINGTON INGALLS INDUSTRIE   2013-12-20 2019-01-22
28. RED HAT INC COMMON STOCK   2017-04-20 2019-01-22
10. S&P GLOBAL INC   2017-09-21 2019-01-22
125. HEALTH CARE SELECT SECTOR   2018-12-18 2019-01-22
47. SECTOR SPDR TR SHS BEN INT ENERGY   2018-12-18 2019-01-22
563. SECTOR SPDR TR SHS BEN INT-FINANCIAL   2018-12-18 2019-01-22
110. SECTOR SPDR TR SHS BEN INT-AMEX TECHNOLOGY   2018-12-18 2019-01-22
30. AMEREN CORPORATION COMMON STOCK   2016-05-23 2019-02-21
8. S&P GLOBAL INC   2017-09-21 2019-02-21
35383. BMO TCH CORE PLUS BOND - I   2017-03-16 2019-03-21
87325.67 FEDERATED ULTRA SHRT BND-IS   2018-03-07 2019-03-21
655. ISHARES MSCI EMERGING MARKET   2016-03-28 2019-03-21
1158. ISHARES TR MSCI EAFE INDEX FD   2016-03-28 2019-03-21
3657.262 VANGUARD INTER TERM CORP FD-ADM #571   2018-08-21 2019-03-21
231. VANGUARD FTSE ALL WO X-US SC   2018-05-10 2019-03-21
198. AES CORPORATION COMMON STOCK   2018-08-21 2019-03-25
11. BOEING COMPANY COMMON STOCK   2015-06-02 2019-03-25
18. CME GROUP INC   2019-01-22 2019-03-25
117. PFIZER INC COMMON STOCK   2018-02-22 2019-03-25
22. S&P GLOBAL INC   2017-09-21 2019-03-25
21. APPLE COMPUTER INC COMMON STOCK   2006-04-24 2019-04-18
18. HOME DEPOT INC COMMON STOCK   2014-10-29 2019-04-18
470. REGIONS FINANCIAL CORP   2019-01-22 2019-04-18
78. MYLAN NV   2019-01-22 2019-04-18
58. ABBVIE INC   2019-01-22 2019-05-20
8. BOEING COMPANY COMMON STOCK   2015-06-02 2019-05-20
37. F5 NETWORKS INC COMMON STOCK   2015-03-20 2019-05-20
10. AGCO CORPORATION COMMON STOCK   2019-04-18 2019-06-10
130. AES CORPORATION COMMON STOCK   2018-08-21 2019-06-10
20. ABBOTT LABORATORIES COMMON STOCK   2018-07-31 2019-06-10
10. ABBVIE INC   2019-01-22 2019-06-10
10. ALLSTATE CORPORATION COMMON STOCK   2019-01-22 2019-06-10
5. ALPHABET INC-CL A   2018-08-21 2019-06-10
10. AMERICAN EXPRESS COMPANY CAPITAL STOCK   2018-01-18 2019-06-10
10. APPLE COMPUTER INC COMMON STOCK   2006-04-24 2019-06-10
20. APPLIED MATERIALS INC COMMON STOCK   2019-03-25 2019-06-10
50000. AVALONBAY COMMUNITIES 3.35% 15 MAY 2027   2019-03-25 2019-06-10
30. BANK AMERICA CORP COMMON STOCK   2019-03-25 2019-06-10
50000. BOSTON PROPERTIES LP 2.75% 01 OCT 2026   2019-03-29 2019-06-10
40. CABOT OIL & GAS CORPORATION CLASS A COMMON STOCK   2019-05-20 2019-06-10
30. CADENCE DESIGN SYSTEM INC COMMON STOCK   2019-03-25 2019-06-10
10. CATERPILLAR INC COMMON STOCK   2019-04-18 2019-06-10
30. CHEVRON TEXACO INC COMMON STOCK   2017-05-23 2019-06-10
40. CITIGROUP INC   2016-02-18 2019-06-10
80. COMCAST CORP-CLASS A   2011-12-15 2019-06-10
40. CONOCOPHILLIPS   2018-08-21 2019-06-10
20. DISCOVER FINANCIAL SERVICES   2012-02-16 2019-06-10
30. DISCOVERY INC - A   2019-05-20 2019-06-10
20. DOLLAR GENERAL CORP   2018-11-19 2019-06-10
10. ESSEX PROPERTY TRUST INC COMMON STOCK   2019-01-22 2019-06-10
30. EXELON CORPORATION COMMON STOCK   2018-11-19 2019-06-10
10. EXPEDIA GROUP INC   2019-01-22 2019-06-10
20. FORTINET INC   2018-01-18 2019-06-10
4. GRAINGER W W INC COMMON STOCK   2018-05-17 2019-06-10
6. GRAINGER W W INC COMMON STOCK   2018-08-21 2019-06-10
20. HCA HEALTHCARE INC   2018-08-21 2019-06-10
10. HERSHEY FOODS CORPORATION COMMON STOCK   2019-05-20 2019-06-10
10. HILL-ROM HOLDINGS INC   2017-02-16 2019-06-10
30. HOST MARRIOTT CORP NEW COMMON STOCK   2018-08-21 2019-06-10
30. INTEL CORPORATION COMMON STOCK   2019-01-22 2019-06-10
365. ISHARES CORE MSCI EMERGING   2019-03-21 2019-06-10
40. KROGER COMPANY COMMON STOCK   2018-09-21 2019-06-10
10. LAUDER ESTEE COMPANIES INC CLASS A COMMON STOCK   2018-05-17 2019-06-10
20. LILLY ELI & COMPANY COMMON STOCK   2017-11-21 2019-06-10
20. LOWES COMPANIES INC COMMON STOCK   2016-02-18 2019-06-10
50000. LOWE'S COS INC 3.1% 03 MAY 2027   2019-04-04 2019-06-10
10. MARATHON PETROLEUM CORP COM   2019-01-22 2019-06-10
50000. MARSH & MCLENNAN COS INC 3.75%14 MAR 2026   2019-03-26 2019-06-10
30. MERCK & CO. INC.   2019-03-25 2019-06-10
40. MICROSOFT CORPORATION COMMON STOCK   2013-07-19 2019-06-10
10. NIKE INC CLASS B COMMON STOCK   2018-10-18 2019-06-10
10. OSHKOSH TRUCK CORPORATION COMMON STOCK CLASS B   2019-03-25 2019-06-10
10. PALO ALTO NETWORKS INC   2018-04-26 2019-06-10
60. PFIZER INC COMMON STOCK   2018-02-22 2019-06-10
20. POST HOLDINGS INC   2019-03-25 2019-06-10
30. PROGRESSIVE CORPORATION OHIO COMMON STOCK   2018-11-19 2019-06-10
20. RAYMOND JAMES FINANCIAL INC COMMON STOCK   2019-04-18 2019-06-10
10. REGAL BELOIT CORP COMMON STOCK   2019-01-22 2019-06-10
20. SALESFORCE.COM INC   2018-08-21 2019-06-10
40. SOUTHWEST AIRLINES COMPANY COMMON STOCK   2018-03-22 2019-06-10
20. SYSCO CORPORATION COMMON STOCK   2018-04-26 2019-06-10
30. TJX COMPANIES INC NEW COMMON STOCK   2019-01-22 2019-06-10
20. TEXTRON INC COMMON STOCK   2019-05-20 2019-06-10
10. VISA INC-CLASS A SHARES   2018-11-19 2019-06-10
30. WAL-MART STORES INC COMMON STOCK   2017-06-22 2019-06-10
25000. WASTE MANAGEMENT INC 3.15% 15 NOV 2027   2019-04-04 2019-06-10
25000. WELLTOWER INC 4.25% 01 APR 2026   2019-04-04 2019-06-10
10. XILINX INC COMMON STOCK   2019-01-22 2019-06-10
10. ZEBRA TECHNOLOGIES CORP COMMON STOCK CL A   2019-01-22 2019-06-10
5. AGCO CORPORATION COMMON STOCK   2019-04-18 2019-07-09
80. AES CORPORATION COMMON STOCK   2018-08-21 2019-07-09
10. ABBOTT LABORATORIES COMMON STOCK   2018-07-31 2019-07-09
10. ABBVIE INC   2019-01-22 2019-07-09
265. ABERDEEN EMER MKTS-INST   2019-03-21 2019-07-09
190. CHAMPLAIN MID CAP FUND-INS   2016-07-08 2019-07-09
5. ALLSTATE CORPORATION COMMON STOCK   2019-01-22 2019-07-09
5. AMERICAN EXPRESS COMPANY CAPITAL STOCK   2018-01-18 2019-07-09
5. AMGEN INC COMMON STOCK   2018-07-31 2019-07-09
5. APPLE COMPUTER INC COMMON STOCK   2006-04-24 2019-07-09
15. APPLIED MATERIALS INC COMMON STOCK   2019-03-25 2019-07-09
15. BANK AMERICA CORP COMMON STOCK   2019-03-25 2019-07-09
5. BOEING COMPANY COMMON STOCK   2015-06-02 2019-07-09
20. CABOT OIL & GAS CORPORATION CLASS A COMMON STOCK   2019-05-20 2019-07-09
20. CADENCE DESIGN SYSTEM INC COMMON STOCK   2019-03-25 2019-07-09
5. CAPITAL ONE FINANCIAL CORP COMMON STOCK   2018-03-22 2019-07-09
10. CATERPILLAR INC COMMON STOCK   2019-04-18 2019-07-09
10. CHEVRON TEXACO INC COMMON STOCK   2017-05-23 2019-07-09
30. CITIGROUP INC   2016-02-18 2019-07-09
50. COMCAST CORP-CLASS A   2011-12-15 2019-07-09
70. CONESTOGA SMALL CAP-INST   2016-03-28 2019-07-09
4. CONOCOPHILLIPS   2017-05-23 2019-07-09
21. CONOCOPHILLIPS   2018-08-21 2019-07-09
50. DELAWARE SMALL CAP VALUE-I   2016-03-28 2019-07-09
15. DISCOVER FINANCIAL SERVICES   2012-02-16 2019-07-09
15. DISCOVERY INC - A   2019-05-20 2019-07-09
10. DOLLAR GENERAL CORP   2018-08-21 2019-07-09
5. ESSEX PROPERTY TRUST INC COMMON STOCK   2017-02-16 2019-07-09
20. EXELON CORPORATION COMMON STOCK   2018-11-19 2019-07-09
2. FEDEX CORP COMMON STOCK   2016-08-18 2019-07-09
3. FEDEX CORP COMMON STOCK   2019-01-22 2019-07-09
15. FORTINET INC   2018-01-18 2019-07-09
10. HCA HEALTHCARE INC   2018-07-31 2019-07-09
5. HERSHEY FOODS CORPORATION COMMON STOCK   2019-05-20 2019-07-09
10. HILL-ROM HOLDINGS INC   2017-02-16 2019-07-09
20. HOST MARRIOTT CORP NEW COMMON STOCK   2018-08-21 2019-07-09
15. INTEL CORPORATION COMMON STOCK   2019-01-22 2019-07-09
155. JH III DISC MID CAP VAL-I   2014-07-09 2019-07-09
25. KROGER COMPANY COMMON STOCK   2018-09-21 2019-07-09
15. LILLY ELI & COMPANY COMMON STOCK   2017-11-21 2019-07-09
20. LOWES COMPANIES INC COMMON STOCK   2016-02-18 2019-07-09
155. MFS INTERNATIONAL GROWTH-I   2019-03-21 2019-07-09
10. MARATHON PETROLEUM CORP COM   2019-01-22 2019-07-09
20. MERCK & CO. INC.   2019-03-25 2019-07-09
15. MICROSOFT CORPORATION COMMON STOCK   2013-07-19 2019-07-09
5. NIKE INC CLASS B COMMON STOCK   2018-10-18 2019-07-09
10. OSHKOSH TRUCK CORPORATION COMMON STOCK CLASS B   2019-03-25 2019-07-09
5. PALO ALTO NETWORKS INC   2018-04-26 2019-07-09
35. PFIZER INC COMMON STOCK   2018-02-22 2019-07-09
15. POST HOLDINGS INC   2019-03-25 2019-07-09
15. PROGRESSIVE CORPORATION OHIO COMMON STOCK   2018-11-19 2019-07-09
15. RAYMOND JAMES FINANCIAL INC COMMON STOCK   2019-04-18 2019-07-09
10. REGAL BELOIT CORP COMMON STOCK   2019-01-22 2019-07-09
65. T ROWE PRICE INTL DISC-I   2019-03-21 2019-07-09
5. SALESFORCE.COM INC   2018-07-31 2019-07-09
20. SOUTHWEST AIRLINES COMPANY COMMON STOCK   2013-11-21 2019-07-09
10. SYSCO CORPORATION COMMON STOCK   2018-04-26 2019-07-09
20. TJX COMPANIES INC NEW COMMON STOCK   2019-01-22 2019-07-09
10. TEXTRON INC COMMON STOCK   2019-05-20 2019-07-09
215. TWEEDY BROWNE FUND INC GLOBAL VALUE FUND   2019-03-21 2019-07-09
8. VISA INC-CLASS A SHARES   2018-05-17 2019-07-09
2. VISA INC-CLASS A SHARES   2018-11-19 2019-07-09
15. WAL-MART STORES INC COMMON STOCK   2017-06-22 2019-07-09
10. XILINX INC COMMON STOCK   2019-01-22 2019-07-09
CAPITAL GAIN DIVIDENDS P    
(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 1,164   1,183 -19
b 3,019   3,227 -208
c 3,578   3,435 143
d 965   912 53
e 23,036   13,520 9,516
1,893   1,491 402
2,944   2,496 448
11,178   10,851 327
1,783   1,705 78
985   983 2
3,649   160 3,489
1,526   1,405 121
2,824   1,148 1,676
1,862   2,010 -148
1,008   968 40
2,015   2,241 -226
593   531 62
4,653   2,569 2,084
2,317   791 1,526
2,455   974 1,481
6,525   6,089 436
6,262   6,054 208
1,000   669 331
2,200   1,445 755
3,238   1,921 1,317
898   975 -77
966   630 336
1,595   775 820
2,015   687 1,328
1,801   1,842 -41
681   725 -44
2,096   1,679 417
5,057   3,568 1,489
1,528   1,399 129
2,780   944 1,836
4,198   5,141 -943
3,909   4,432 -523
498   706 -208
1,928   1,738 190
4,283   3,684 599
875   596 279
1,976   1,796 180
2,278   2,292 -14
2,453   2,315 138
2,583   2,483 100
5,032   5,796 -764
2,819   2,663 156
1,223   719 504
1,346   1,247 99
1,190   1,002 188
1,257   395 862
1,808   2,011 -203
1,834   1,693 141
1,911   1,514 397
1,738   1,928 -190
2,652   2,800 -148
6,283   6,496 -213
2,817   3,613 -796
1,964   2,750 -786
3,715   2,395 1,320
210   201 9
4,623   4,007 616
1,213   609 604
3,638   2,694 944
3,489   1,531 1,958
5,881   5,159 722
2,772   3,435 -663
3,086   3,993 -907
2,998   3,681 -683
4,092   5,737 -1,645
6,306   9,233 -2,927
3,282   4,433 -1,151
3,979   4,740 -761
2,267   3,019 -752
7,964   5,566 2,398
3,280   3,053 227
1,974   880 1,094
1,765   969 796
5,473   2,403 3,070
4,911   2,436 2,475
1,870   1,555 315
11,147   10,909 238
2,938   2,835 103
14,449   13,612 837
7,059   7,060 -1
2,123   1,403 720
1,582   1,244 338
406,197   407,966 -1,769
793,790   794,664 -874
28,442   21,896 6,546
75,654   67,093 8,561
35,183   34,561 622
24,269   27,904 -3,635
3,570   2,772 798
4,025   1,578 2,447
2,941   3,337 -396
4,893   4,225 668
4,515   3,334 1,181
4,274   198 4,076
3,727   1,744 1,983
7,153   7,409 -256
2,094   2,257 -163
4,633   5,156 -523
2,825   1,148 1,677
5,126   4,260 866
699   728 -29
2,126   1,820 306
1,625   1,314 311
772   889 -117
1,009   858 151
5,440   6,141 -701
1,229   1,003 226
1,934   94 1,840
864   799 65
51,334   50,610 724
852   820 32
48,281   47,574 707
981   1,051 -70
2,003   1,855 148
1,260   1,441 -181
3,670   3,186 484
2,705   1,560 1,145
3,302   940 2,362
2,375   2,851 -476
1,574   587 987
850   826 24
2,696   2,187 509
2,944   2,608 336
1,485   1,377 108
1,226   1,154 72
1,489   915 574
1,093   1,231 -138
1,639   2,222 -583
2,616   2,531 85
1,364   1,291 73
1,046   630 416
553   633 -80
1,408   1,445 -37
18,327   19,115 -788
975   1,183 -208
1,778   1,450 328
2,308   1,679 629
1,931   1,361 570
49,663   48,597 1,066
476   651 -175
52,072   51,612 460
2,473   2,476 -3
5,329   1,301 4,028
826   754 72
788   732 56
1,989   1,931 58
2,586   2,167 419
2,101   2,185 -84
2,478   1,942 536
1,700   1,781 -81
792   751 41
3,060   2,933 127
2,032   820 1,212
1,433   1,253 180
1,552   1,464 88
997   978 19
1,716   1,348 368
3,218   2,271 947
25,398   24,834 564
26,270   25,736 534
1,116   901 215
1,938   1,724 214
378   364 14
1,357   1,120 237
850   657 193
722   889 -167
4,126   3,991 135
3,884   2,808 1,076
522   429 93
626   501 125
909   983 -74
1,002   47 955
654   600 54
440   410 30
1,753   717 1,036
476   526 -50
1,482   920 562
462   484 -22
1,340   1,441 -101
1,238   1,062 176
2,143   1,170 973
2,142   588 1,554
4,201   2,344 1,857
239   189 50
1,255   1,497 -242
3,086   2,444 642
1,204   440 764
472   413 59
1,390   1,019 371
1,515   1,139 376
971   918 53
319   335 -16
479   527 -48
1,185   686 499
1,344   1,241 103
693   645 48
1,046   630 416
358   422 -64
712   722 -10
3,281   3,018 263
541   739 -198
1,694   1,258 436
2,088   1,361 727
6,011   5,789 222
547   651 -104
1,699   1,625 74
2,047   488 1,559
442   377 65
825   732 93
1,060   965 95
1,526   1,264 262
1,615   1,639 -24
1,248   971 277
1,269   1,336 -67
803   751 52
4,133   4,066 67
770   694 76
1,033   371 662
718   626 92
1,094   976 118
526   489 37
5,992   5,822 170
1,415   1,013 402
354   270 84
1,698   1,136 562
1,170   901 269
      3,365
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       -19
b       -208
c       143
d       53
e       9,516
      402
      448
      327
      78
      2
      3,489
      121
      1,676
      -148
      40
      -226
      62
      2,084
      1,526
      1,481
      436
      208
      331
      755
      1,317
      -77
      336
      820
      1,328
      -41
      -44
      417
      1,489
      129
      1,836
      -943
      -523
      -208
      190
      599
      279
      180
      -14
      138
      100
      -764
      156
      504
      99
      188
      862
      -203
      141
      397
      -190
      -148
      -213
      -796
      -786
      1,320
      9
      616
      604
      944
      1,958
      722
      -663
      -907
      -683
      -1,645
      -2,927
      -1,151
      -761
      -752
      2,398
      227
      1,094
      796
      3,070
      2,475
      315
      238
      103
      837
      -1
      720
      338
      -1,769
      -874
      6,546
      8,561
      622
      -3,635
      798
      2,447
      -396
      668
      1,181
      4,076
      1,983
      -256
      -163
      -523
      1,677
      866
      -29
      306
      311
      -117
      151
      -701
      226
      1,840
      65
      724
      32
      707
      -70
      148
      -181
      484
      1,145
      2,362
      -476
      987
      24
      509
      336
      108
      72
      574
      -138
      -583
      85
      73
      416
      -80
      -37
      -788
      -208
      328
      629
      570
      1,066
      -175
      460
      -3
      4,028
      72
      56
      58
      419
      -84
      536
      -81
      41
      127
      1,212
      180
      88
      19
      368
      947
      564
      534
      215
      214
      14
      237
      193
      -167
      135
      1,076
      93
      125
      -74
      955
      54
      30
      1,036
      -50
      562
      -22
      -101
      176
      973
      1,554
      1,857
      50
      -242
      642
      764
      59
      371
      376
      53
      -16
      -48
      499
      103
      48
      416
      -64
      -10
      263
      -198
      436
      727
      222
      -104
      74
      1,559
      65
      93
      95
      262
      -24
      277
      -67
      52
      67
      76
      662
      92
      118
      37
      170
      402
      84
      562
      269
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 102,108
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 157,361 1,994,585 0.078894
2016 151,941 1,997,107 0.076081
2015 142,305 1,999,386 0.071174
2014 156,993 2,175,267 0.072172
2013 157,557 2,175,595 0.07242
2
Total of line 1, column (d) .....................
2
0.370741
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.074148
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,885,689
5
Multiply line 4 by line 3......................
5
139,820
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,366
7
Add lines 5 and 6........................
7
141,186
8
Enter qualifying distributions from Part XII, line 4,.............
8
138,783
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 2,732
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,732
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 2,732
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,064
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 1,064
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.......Bullet 9 1,668
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBMO HARRIS BANK NA, HECTOR AHUMADA Telephone no.bullet (312) 461-5154

    Located atbullet111 WEST MONROE STREET 12WCHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BMO HARRIS BANK NA TRUSTEE
    2     		16,883    
    PO BOX 2980
    MILWAUKEE,WI53201
    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...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,754,359
    b
    Average of monthly cash balances.......................
    1b
    160,046
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,914,405
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,914,405
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,716
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,885,689
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    94,284
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    94,284
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,732
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,732
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    91,552
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    91,552
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    91,552
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    138,783
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    138,783
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    138,783
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 91,552
    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...... 51,947
    b From 2014...... 51,273
    c From 2015...... 44,582
    d From 2016...... 54,760
    e From 2017...... 44,756
    fTotal of lines 3a through e........ 247,318
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 138,783
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 91,552
    e Remaining amount distributed out of corpus 47,231
    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 5 294,549
    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) ...     		51,947
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		242,602
    10 Analysis of line 9:
    a Excess from 2014.... 51,273
    b Excess from 2015.... 44,582
    c Excess from 2016.... 54,760
    d Excess from 2017.... 44,756
    e Excess from 2018.... 47,231
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    HARRIS BANK N A
    111 WEST MONROE STREET
    CHICAGO,IL60603
    (312) 461-5154
    bThe form in which applications should be submitted and information and materials they should include:
    Written request
    cAny submission deadlines:
    April 30 for July 1 award
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    No restrictions except that awards are for charitable, education literary or scientific purposes as defined under IRC 501 (C) (3)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    NORTHWEST COMMUNITY CENTER
    1325 NORTH JOHNSTON AVE
    ROCKFORD,IL61101     		NONE PC PROGRAM SUPPORT 5,000
    CHILDRENS HOME & AID
    1603 SOUTH 4TH ST
    ROCKFORD,IL61104     		NONE PC PROGRAM SUPPORT 5,000
    OSF SAINT ANTHONY FOUNDATION
    5666 E STATE STREET
    ROCKFORD,IL61108     		NONE PC PROGRAM SUPPORT 35,000
    KIWANIS CLUB OF ROCKFORD
    PO BOX 8472
    ROCKFORD,IL61126     		NONE PC PROGRAM SUPPORT 15,000
    BURPEE MUSEUM OF NATURAL HISTORY
    737 NORTH MAIN STREET
    ROCKFORD,IL61103     		NONE PC PROGRAM SUPPORT 16,500
    RAMP
    ATTN JOHN BECK
    202 MARKET STREET
    ROCKFORD,IL61107     		NONE PC PROGRAM SUPPORT 16,563
    COMMUNITY FOUNDATION OF
    NORTHERN IL
    946 N SECOND STREET
    ROCKFORD,IL61107     		NONE PC PROGRAM SUPPORT 37,263
    Total .................................bullet 3a 130,326
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 43,067  
    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 ............     		    18 102,108  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		  1,614      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 1,614 145,175  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    146,789
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 OtherDecreasesSchedule
    Name:
    WILLARD J & ALICE C CORBETT FOUNDATION
    EIN:
    36-4099445
    Description Amount
    ROUNDING 6
    RETURN OF CAPITAL BOOK VALUE ADJUSTMENT 3
    ACCRUED INTEREST PAID 675
    AMORTIZATION 840


    TY 2018 OtherExpensesSchedule
    Name:
    WILLARD J & ALICE C CORBETT FOUNDATION
    EIN:
    36-4099445
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 15 0   15


    TY 2018 OtherIncreasesSchedule
    Name:
    WILLARD J & ALICE C CORBETT FOUNDATION
    EIN:
    36-4099445
    Description Amount
    INTRA-PERIOD G/L ADJ - BEG YEAR 2,860
    TIMING OF INCOME 2,276
    MARKET DISCOUNT ADJUSTMENT 169


    TY 2018 TaxesSchedule
    Name:
    WILLARD J & ALICE C CORBETT FOUNDATION
    EIN:
    36-4099445
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES - PRINCIPAL 1,064 0   0
    FOREIGN TAXES ON QUALIFIED FOR 118 118   0
    FOREIGN TAXES ON NONQUALIFIED 26 26   0