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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2017 , and ending 12-31-2017
Name of foundation
ADAMS FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)915 WILSHIRE BLVD STE 1760
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90017
A Employer identification number

95-6015986
B Telephone number (see instructions)

(213) 483-3300
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$3,193,012J 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) 47,786
2 Check bullet.............
3 Interest on savings and temporary cash investments 32 32 32
4 Dividends and interest from securities... 3,347 3,347 3,347
5a Gross rents............ 198,372 180,268 198,372
b Net rental income or (loss) 198,372
6a Net gain or (loss) from sale of assets not on line 10 44,185
b Gross sales price for all assets on line 6a 66,991
7 Capital gain net income (from Part IV, line 2)... 44,185
8 Net short-term capital gain......... 2
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)....... Click to see attachment 6 0 6
12 Total. Add lines 1 through 11........ 293,728 227,832 201,759
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 61,739 61,739 61,739 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 36,077 36,077 36,077 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 97,816 97,816 97,816 0
25 Contributions, gifts, grants paid....... 415,751 415,751
26 Total expenses and disbursements. Add lines 24 and 25 513,567 97,816 97,816 415,751
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -219,839
b Net investment income (if negative, enter -0-) 130,016
c Adjusted net income (if negative, enter -0-)... 103,943
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 130,509 98,755 98,755
2 Savings and temporary cash investments......... 7,477 26,157 26,157
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
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)....... 12,149 Click to see attachment15,898 21,000
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).......... 305,321 Click to see attachment99,053 3,047,100
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) 455,456 239,863 3,193,012
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 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 455,456 239,863
29 Total net assets or fund balances (see instructions)..... 455,456 239,863
30 Total liabilities and net assets/fund balances (see instructions). 455,456 239,863
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
455,456
2
Enter amount from Part I, line 27a .....................
2
-219,839
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
14,989
4
Add lines 1, 2, and 3 ..........................
4
250,606
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,743
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
239,863
Form 990-PF (2019)
Form 990-PF (2019)
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 VIA MACAP GKM FUND LLC D    
b VIA MACAP GKM FUND LLC D    
c VIA RRC/FP-1 LLC D    
d VIA RRC/FP-1 LLC D    
e VIA MA CAPITAL HOLDINGS I LLC D    
VIA CHINO CAMARILLO LLC D    
3.722SHS PHILIP MORRIS STK D    
106.278SHS PHILIP MORRIS STK D    
125SHS SODASTREAM STK D    
VIA DIVERSIFIED ARBITRAGE D    
(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 4,844     4,844
b 2     2
c 20,019     20,019
d     10,010 -10,010
e 21,723     21,723
    10 -10
399   400 -1
11,381   7,417 3,964
8,545   4,969 3,576
78     78
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       4,844
b       2
c       20,019
d       -10,010
e       21,723
      -10
      -1
      3,964
      3,576
      78
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 44,185
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 2
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))
2018 427,865 3,812,442 0.112229
2017 365,190 5,553,781 0.065755
2016 261,232 4,291,849 0.060867
2015 265,928 4,307,327 0.061739
2014 297,251 1,225,715 0.242512
2
Total of line 1, column (d) .....................
2
0.543102
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
0.108620
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
3,098,317
5
Multiply line 4 by line 3......................
5
336,539
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,300
7
Add lines 5 and 6........................
7
337,839
8
Enter qualifying distributions from Part XII, line 4,.............
8
415,751
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 (2019)
Form 990-PF (2019)
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 1,300
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 1,300
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 1,300
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 4,135
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,135
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,835
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet2,835 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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 addressbulletN/A
    14
    The books are in care ofbulletMORGAN ADAMS INC Telephone no.bullet (213) 483-3300

    Located atbullet915 WILSHIRE BLVD STE 1760LOS ANGELESCA ZIP+4bullet90017
    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 2019, 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
    Yes
     
    ........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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    MARY ADAMS O'CONNELL TRUSTEE
    0.00     		0 0 0
    800 WILSHIRE BLVD STE 730
    LOS ANGELES,CA90017
    JOHN K ADAMS TRUSTEE
    0.00     		0 0 0
    915 WILSHIRE BLVD STE 1760
    LOS ANGELES,CA90017
    RICHARD E BETH TRUSTEE
    0.00     		0 0 0
    915 WILSHIRE BLVD STE 1760
    LOS ANGELES,CA90017
    DAVID V ADAMS TRUSTEE
    0.00     		0 0 0
    915 WILSHIRE BLVD STE 1760
    LOS ANGELES,CA90017
    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 (2019)
    Form 990-PF (2019)
    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 NONE 0
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    21,000
    b
    Average of monthly cash balances.......................
    1b
    77,400
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,047,100
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,145,500
    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
    3,145,500
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    47,183
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,098,317
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    154,916
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    154,916
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    1,300
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
    27,108
    c
    Add lines 2a and 2b............................
    2c
    28,408
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    126,508
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    126,508
    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
    126,508
    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
    415,751
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    415,751
    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
    1,300
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    414,451
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 126,508
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 297,251
    b From 2015...... 265,928
    c From 2016...... 261,232
    d From 2017...... 113,409
    e From 2018...... 263,988
    fTotal of lines 3a through e........ 1,201,808
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 415,751
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment0
    d Applied to 2019 distributable amount..... 126,508
    e Remaining amount distributed out of corpus 289,243
    5 Excess distributions carryover applied to 2019. 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 1,491,051
    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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		297,251
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		1,193,800
    10 Analysis of line 9:
    a Excess from 2015.... 265,928
    b Excess from 2016.... 261,232
    c Excess from 2017.... 113,409
    d Excess from 2018.... 263,988
    e Excess from 2019.... 289,243
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, enter the date of the ruling....... bullet
    1990-01-01
    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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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).)
    MARY ADAMS O'CONNELL
    JOHN K ADAMS
    RICHARD E BETH
    DAVID V ADAMS
    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 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 (2019)
    Form 990-PF (2019)
    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
    ABC LEARNING INC
    23338 SCHOENBORN ST
    CANOGA PARK,CA91304     		NONE EDUCATION SUPPORT 7,500
    ART CENTER COLLEGE OF DESIGN
    1700 LIDA ST
    PASADENA,CA91103     		NONE EDUCATION SUPPORT 1,000
    AMERICAN HEART ASSOCIATION
    816 S FIGUEROA ST
    LOS ANGELES,CA90017     		NONE RESEARCH SUPPORT 20,000
    ARIA MONTESSORI SCHOOL
    693 SOUTH EUCLID AVENUE
    PASADENA,CA91106     		NONE EDUCATION SUPPORT 2,000
    AUTRY MUSEUM OF THE AMERICAN WEST
    4700 WESTERN HERITAGE WAY
    LOS ANGELES,CA90027     		NONE PRIVATE FOUNDATION SUPPORT 3,000
    AUXILIARY GOOD SHEPHERD CENTER
    1650 ROCKWOOD STREET
    LOS ANGELES,CA900265526     		NONE PUBLIC CHARITY SUPPORT 2,290
    CALIFORNIA ART CLUB
    75 SOUTH GRAND AVENUE
    PASADENA,CA91105     		NONE PRIVATE FOUNDATION SUPPORT 12,500
    COLLEGE CHALLENGE
    301 N ROSSMORE AVE
    LOS ANGELES,CA90004     		NONE EDUCATION SUPPORT 250
    CAMARILLO ARTS COUNCIL
    PO BOX 466
    CAMARILLO,CA93011     		NONE GOVERNMENT SUPPORT 5,000
    CAMARILLO NOONTIME OPTIMIST CLUB
    PO BOX 1884
    CAMARILLO,CA93011     		NONE PRIVATE FOUNDATION SUPPORT 7,000
    CORO SOUTHERN CALIFORNIA
    1000 N ALAMEDA STREET SUITE 240
    LOS ANGELES,CA90012     		NONE PUBLIC CHARITY SUPPORT 7,500
    GOLDEN STATE OPPORTUNITY FOUNDATION
    10877 WILSHIRE BLVD
    LOS ANGELES,CA90024     		NONE PRIVATE FOUNDATION SUPPORT 1,500
    CATHOLIC CHARITIES OF LOS ANGELES
    1531 JAMES M WOOD BLVD
    LOS ANGELES,CA90015     		NONE PUBLIC CHARITY SUPPORT 1,000
    CENTER FOR EARLY EDUCATION (THE)
    563 NORTH ALFRED STREET
    WEST HOLLYWOOD,CA90048     		NONE EDUCATION SUPPORT 10,500
    ESOPHAGEAL CANCER ACTION NETWORK INC
    PO BOX 243
    STEVENSON,MD21153     		NONE RESEARCH SUPPORT 1,000
    CHILDREN'S HOSPITAL OF LOS ANGELES
    4650 SUNSET BLVD
    LOS ANGELES,CA90027     		NONE HEALTH RESEARCH FACI SUPPORT 4,000
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVENUE
    NEW YORK,NY10001     		NONE HOSPITAL SUPPORT 5,000
    FOCUSED INTENSITY FOUNDATION
    2315 WESTWOOD BLVD
    LOS ANGELES,CA90064     		NONE PUBLIC CHARITY SUPPORT 10,900
    EDUCATION WORKS CONSULTING FIRM INC
    1142 S DIAMOND BAR BLVD 834
    DIAMOND BAR,CA91765     		NONE EDUCATION SUPPORT 5,000
    EPILEPSY FOUNDATION
    5777 W CENTURY BLVD
    LOS ANGELES,CA90045     		NONE HEALTH RESEARCH FACI RESEARCH 7,000
    FIVE ACRES
    760 W MOUNTAIN VIEW STREET
    ALTADENA,CA91001     		NONE PRIVATE FOUNDATION SUPPORT 7,000
    THE FIRST TEE OF GREATER PASADENA
    1133 ROSEMONT AVENUE
    PASADENA,CA91103     		NONE PUBLIC CHARITY SUPPORT 12,500
    GOOD SAMARITAN HOSPITAL
    1225 WILSHIRE BLVD
    LOS ANGELES,CA90017     		NONE HOSPITAL SUPPORT 1,000
    FOUR WINDS CAMP
    PO BOX 140
    DEER HARBOR,WA98243     		NONE PUBLIC CHARITY SUPPORT 500
    HILLSIDES
    940 AVENUE 64
    PASADENA,CA91105     		NONE PUBLIC CHARITY SUPPORT 1,000
    HARVARD WESTLAKE SCHOOL
    3700 COLDWATER CANYON
    STUDIO CITY,CA91604     		NONE EDUCATION SUPPORT 20,000
    HOLLENBECK HOME
    573 S BOYLE AVE
    LOS ANGELES,CA90033     		NONE HOSPITAL SUPPORT 5,000
    HOMEBOY INDUSTRIES
    130 W BRUNO ST
    LOS ANGELES,CA90012     		NONE PUBLIC CHARITY SUPPORT 12,500
    FAMILY EQUITY COUNCIL
    475 PARK AVE S STE 2100
    NEW YORK,NY10016     		NONE PUBLIC CHARITY SUPPORT 1,200
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGTON BLVD
    ARLINGTON,VA22201     		NONE EDUCATION SUPPORT 1,000
    MALIBU HIGH SCHOOL
    30215 MORNING VIEW DR
    MALIBU,CA90265     		NONE EDUCATION SUPPORT 3,500
    KILLEBREW-THOMPSON MEMORIAL FUND
    PO BOX 232
    SUN VALLEY,ID83353     		NONE PRIVATE FOUNDATION SUPPORT 60,300
    LOS ANGELES OPERA
    135 N GRAND AVE
    LOS ANGELES,CA90012     		NONE PRIVATE FOUNDATION SUPPORT 1,500
    LOS ANGELES YOUTH NETWORK
    1754 TAFT AVE
    LOS ANGELES,CA90028     		NONE EDUCATION SUPPORT 6,000
    LOYOLA HIGH SCHOOL
    1901 VENICE BLVD
    LOS ANGELES,CA90006     		NONE EDUCATION SUPPORT 15,000
    NEWPORT HARBOR SAILING FOUNDATION
    1048 IRVINE AVE 820
    NEWPORT BEACH,CA92660     		NONE PUBLIC CHARITY SUPPORT 1,500
    OPERATION PROGRESS HORSE PROJECT
    10221 COMPTON AVE
    LOS ANGELES,CA90002     		NONE PUBLIC CHARITY SUPPORT 1,000
    MARLBOROUGH SCHOOL
    250 S ROSSMORE AVE
    LOS ANGELES,CA90004     		NONE EDUCATION SUPPORT 10,000
    POINT DEFIANCE ZOOLOGICAL SOCIETY
    950 PACIFIC AVENUE SUITE 1100
    TACOMA,WA98402     		NONE PUBLIC CHARITY SUPPORT 5,000
    NEWPORT ELEMENTARY SCHOOL
    720 WEST BAY AVE
    BALBOA,CA92661     		NONE EDUCATION SUPPORT 3,000
    NGA INC
    822 VETERANS WAY
    WARMINSTER,PA18974     		NONE PUBLIC CHARITY SUPPORT 300
    THE PROMISES FOUNDATION
    PO BOX 662087
    LOS ANGELES,CA90066     		NONE PRIVATE FOUNDATION SUPPORT 500
    PLYMOUTH SCHOOL
    315 SOUTH OXFORD AVENUE
    LOS ANGELES,CA90020     		NONE EDUCATION SUPPORT 3,500
    POLYTECHNIC SCHOOL
    1030 EAST CALIFORNIA BLVD
    PASADENA,CA91106     		NONE EDUCATION SUPPORT 19,361
    ST VINCENT MEALS ON WHEELS
    2303 MIRAMAR ST
    LOS ANGELES,CA90057     		NONE PUBLIC CHARITY SUPPORT 1,000
    RAPE FOUNDATION
    1223 WILSHIRE BLVD 410
    SANTA MONICA,CA90403     		NONE PUBLIC CHARITY SUPPORT 6,000
    SACRED HEART CHURCH
    2200 W THIRD STREET
    EUREKA,CA90057     		NONE EDUCATION SUPPORT 2,000
    THINK TOGETHER
    10349 HERITAGE PARK DRIVE UNIT 1
    SANTA FE SPRINGS,CA90670     		NONE PUBLIC CHARITY SUPPORT 1,000
    SBCC ATHLETICS
    721 CLIFF DRIVE
    SANTA BARBARA,CA93109     		NONE EDUCATION SUPPORT 2,500
    ST CATHERINE LABOURE ROMAN CATHOLIC CHURCH
    PO BOX 152
    CHINO VALLEY,AZ86323     		NONE RELIGIOUS SUPPORT 8,000
    ST VINCENT FOUNDATION
    2200 W THIRD STREET
    SANTA MONICA,CA90057     		NONE PUBLIC CHARITY SUPPORT 5,000
    ST JAMES' EPISCOPAL CHURCHSCHOOL
    625 S ST ANDREWS PL
    LOS ANGELES,CA90005     		NONE RELIGIOUS SUPPORT 6,000
    THE DREAM PROGRAM
    PO BOX 36846
    PHILADELPHIA,PA19107     		NONE PUBLIC CHARITY SUPPORT 30,000
    THE SCHOOLHOUSE
    77 WATER STREET
    NEW YORK,NY10005     		NONE EDUCATION SUPPORTSUPPORT 500
    TORRANCE TYKES
    17800 VAN NESS AVE
    TORRANCE,CA90504     		NONE EDUCATION SUPPORT 1,000
    UNITED CEREBRAL PALSY
    6449 INDEPENDENCE AVENUE
    WOODLAND HILLS,CA91367     		NONE PUBLIC CHARITY SUPPORT 6,000
    USC ATHLETICS
    USC TOWER 29TH FLOOR
    LOS ANGELES,CA90089     		NONE EDUCATION SUPPORT 1,400
    IMAGINE LA
    672 S LAFAYETTE PARK PLACE
    LOS ANGELES,CA90057     		NONE PUBLIC CHARITY SUPPORTSUPPORT 250
    WORLD BUSINESS ACADEMY
    2020 ALAMEDA PADRE SERRA 135
    SANTA BARBARA,CA93103     		NONE EDUCATION SUPPORT 30,000
    INNER CITY LAW CENTER
    1309 EAST SEVENTH STREET
    LOS ANGELES,CA90021     		NONE PUBLIC CHARITY SUPPORT 500
    LOS ANGELES COUNTY ECONOMIC DEVELOPMENT CORP
    444 S FLOWER ST 37TH FLOOR
    LOS ANGELES,CA90071     		NONE PUBLIC CHARITY SUPPORT 500
    NEW VILLAGE GIRLS ACADEMY
    147 N OCCIDENTAL BLVD
    LOS ANGELES,CA90026     		NONE EDUCATION SUPPORT 2,500
    SILVER LAKE INDEPENDENT JEWISH COMMUNITY CENTER
    1110 BATES AVE
    LOS ANGELES,CA90029     		NONE RELIGIOUS SUPPORT 2,500
    THE ACTORS GANG
    9070 VENICE BLVD
    CULVER CITY,CA90232     		NONE EDUCATION SUPPORT 250
    THE JESTER & PHARLEY PHUND
    PO BOX 817
    PALOS VERDES EST,CA90274     		NONE PRIVATE FOUNDATION SUPPORT 250
    YOUTH POLICY INSTITUTE
    6464 SUNSET BLVD STE 650
    LOS ANGELES,CA90028     		NONE EDUCATION SUPPORT 2,500
    Total .................................bullet 3a 415,751
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 ...........     		    14 32  
    4 Dividends and interest from securities....     14 3,347  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 171,639  
    bNot debt-financed property.....     16 26,733  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     15 6  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 44,185  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 245,942 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    245,942
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AppliedToPriorYearElection
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Election:
    THE ORGANIZATION IS ELECTING TO APPLY IRS REGULATION 53.4942(A)-3(D)(2) TO APPLY ALL OR PART OF THE THE REMAINING QUALIFYING DISTRIBUTIONS TO ANY UNDISTRIBUTED INCOME REMAINING FROM YEARS BEFORE 2006 OR TO APPLY TO CORPUS.

    TY 2017 DistributionFromCorpusElection
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Election:
    THE ORGANIZATION IS ELECTING TO APPLY IRS REGULATION 53.4942(A)-3(D)(2) TO APPLY ALL OR PART OF THE THE REMAINING QUALIFYING DISTRIBUTIONS TO ANY UNDISTRIBUTED INCOME REMAINING FROM YEARS BEFORE 2006 OR TO APPLY TO CORPUS.

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 15,898 21,000

    TY 2017 InvestmentsOtherSchedule2
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PARTNERSHIPS AT COST 99,053 3,047,100

    TY 2017 OtherDecreasesSchedule
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Description Amount
    NON DEDUCTIBLE EXPENSES VIA PARTNERSHIPS 10,743


    TY 2017 OtherExpensesSchedule
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES 30,000 30,000 30,000 0
    LICENSES AND PERMITS 75 75 75 0
    PORTFOLIO DEDUCTIONS VIA INVESTMENT 2,118 2,118 2,118 0
    TAX PREP FEES 3,840 3,840 3,840 0
    PROFESSIONAL FEES 44 44 44 0


    TY 2017 OtherIncomeSchedule2
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RESIDUALS 6 0 6


    TY 2017 OtherIncreasesSchedule
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Description Amount
    NON TAXABLE INCOME 4,979
    QUALIFIED SMALL BUSINESS STOCK GAIN EXCLUSION 10,010


    TY 2017 TaxesSchedule
    Name:
    ADAMS FUND
    EIN:
    95-6015986
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE TAXES 17,529 17,529 17,529 0
    FEDERAL EXCISE TAXES 44,210 44,210 44,210 0