TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
MURIEL WHITESIDE CHARITABLE TR

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

41-6370669

B Telephone number (see instructions)

(218) 723-2870

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$20,722,943J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	469,985		462,781
5a	Gross rents............	1,033,297		1,033,297
b	Net rental income or (loss) 969,230
6a	Net gain or (loss) from sale of assets not on line 10		303,094
b	Gross sales price for all assets on line 6a 3,820,373
7	Capital gain net income (from Part IV, line 2)...			303,094
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).......		1,710	1,710
12	Total. Add lines 1 through 11........	1,808,086		1,800,882
13	Compensation of officers, directors, trustees, etc.	227,188		181,750		38,775
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		63,174	0	0	63,174
b	Accounting fees (attach schedule).......		1,012	0	0	1,012
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		43,772	13,809		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).......		65,609	65,584		25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	400,755		261,143	0	102,986
25	Contributions, gifts, grants paid.......	1,046,973				1,046,973
26	Total expenses and disbursements. Add lines 24 and 25	1,447,728		261,143	0	1,149,959
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	360,358
b	Net investment income (if negative, enter -0-)			1,539,739
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	32,283	19,940	19,940
	2	Savings and temporary cash investments.........	394,901	218,019	218,019
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	10,597,414	11,073,596	12,825,937
	c	Investments—corporate bonds (attach schedule).......	3,310,053	3,370,513	3,301,194
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,819,482	2,818,080	4,352,007
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	5,070	5,846	5,846
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	17,159,203	17,505,994	20,722,943
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	8,819,747	17,505,994
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	8,339,456
	30	Total net assets or fund balances (see instructions).....	17,159,203	17,505,994
	31	Total liabilities and net assets/fund balances (see instructions).	17,159,203	17,505,994

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

17,159,203

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

360,358

Other increases not included in line 2 (itemize) bullet

371

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

17,519,932

Decreases not included in line 2 (itemize) bullet

13,938

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

17,505,994

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	200. SEATTLE SPINCO, INC.		2006-05-10	2018-01-01
b	550. SEATTLE SPINCO, INC.		2006-06-01	2018-01-01
c	1600. SEATTLE SPINCO, INC.		2006-01-09	2018-01-01
d	7645.26 NUVEEN SHORT TERM BOND FUND CL I		2014-04-30	2018-01-16
e	69. J P MORGAN CHASE & CO		2012-10-04	2018-01-18
	46. PRAXAIR INC COM			2018-01-18
	70. COMCAST CORP CL A		2017-02-14	2018-01-23
	13. HOME DEPOT INC COM		2017-02-14	2018-01-23
	10. MCDONALD'S CORPORATION		2017-02-14	2018-01-23
	27. TJX COS INC NEW COM		2017-02-14	2018-01-23
	64. ABBVIE INC		2013-01-15	2018-01-31
	7. BLACKROCK INC		2012-10-04	2018-01-31
	91. KOMATSU LTD - SPON ADR		2016-12-28	2018-02-01
	848. PANASONIC CORP A D R		2016-12-12	2018-02-01
	998. KOMATSU LTD - SPON ADR		2016-12-28	2018-02-02
	50. UNITED TECHNOLOGIES CORP COM		2017-07-11	2018-02-07
	58. ABBVIE INC		2017-02-14	2018-02-20
	23. AMERICAN TOWER CORP		2017-12-12	2018-02-20
	18. ESSEX PPTY TR INC		2017-02-14	2018-02-20
	48. EXXON MOBIL CORP		2017-02-14	2018-02-20
	38. EXXON MOBIL CORP		2017-10-17	2018-02-20
	.906 ACS ACTIVIDADES CONS UNS A D R		2017-01-04	2018-02-23
	2179. BANCO BILBAO VIZCAYA - SPON ADR		2013-04-11	2018-02-28
	631. INTERPUBLIC GROUP COS INC COM			2018-02-28
	125. CVS CORP COM		2017-02-14	2018-03-07
	184. GENERAL MLS INC COM		2017-02-14	2018-03-07
	1. SECURITY LITIGATION		1911-11-11	2018-03-07
	206. ATT INC		2017-02-14	2018-03-14
	38. ABBVIE INC		2017-02-14	2018-03-14
	91. ALTRIA GROUP INC		2017-02-14	2018-03-14
	15. AMERICAN ELEC PWR INC		2017-02-14	2018-03-14
	35. AMERICAN ELEC PWR INC		2017-09-05	2018-03-14
	80. APPLE COMPUTER INC COM		2017-02-14	2018-03-14
	52. AUTOMATIC DATA PROCESSING INC COM		2017-02-14	2018-03-14
	64. BB&T CORP COM		2017-02-14	2018-03-14
	182. BANK OF AMERICA CORP			2018-03-14
	13. BLACKROCK INC		2017-02-14	2018-03-14
	16. BOEING COMPANY			2018-03-14
	29. BRISTOL MEYER SQUIBB		2017-02-14	2018-03-14
	51. CME GROUP INC		2017-02-14	2018-03-14
	61. CMS ENERGY CORP COM		2017-02-14	2018-03-14
	18. CHEVRONTEXACO CORP COM		2017-10-17	2018-03-14
	49. CHEVRONTEXACO CORP COM		2017-02-14	2018-03-14
	217. CISCO SYS INC		2017-02-14	2018-03-14
	265. COMCAST CORP CL A		2017-02-14	2018-03-14
	30. CROWN CASTLE INTL CORP		2017-02-14	2018-03-14
	19. CUMMINS INC COM		2017-05-02	2018-03-14
	22. DIGITAL REALTY TRUST INC		2017-02-14	2018-03-14
	30. WALT DISNEY COMPANY		2017-07-11	2018-03-14
	21. DOMINION RES INC VA NEW COM		2017-02-14	2018-03-14
	61. DOWDUPONT INC			2018-03-14
	46. DUKE REALTY CORPORATION		2017-02-14	2018-03-14
	14. EQUITY LIFESTYLE PPTYS INC		2017-08-22	2018-03-14
	41. EVERSOURCE ENERGY		2017-02-14	2018-03-14
	117. EXXON MOBIL CORP		2017-02-14	2018-03-14
	41. GENERAL DYNAMICS CORP COM		2017-02-14	2018-03-14
	66. HOME DEPOT INC COM		2017-02-14	2018-03-14
	63. HONEYWELL INTL INC COM		2017-02-14	2018-03-14
	155. INTEL CORP		2017-02-14	2018-03-14
	19. INTERNATIONAL PAPER COMPANY		2017-08-08	2018-03-14
	158. J P MORGAN CHASE & CO		2017-02-14	2018-03-14
	126. JOHNSON & JOHNSON		2017-02-14	2018-03-14
	25. KLA-TENCOR CORP COM		2017-10-09	2018-03-14
	90. KELLOGG CO			2018-03-14
	25. KIMBERLY CLARK CORP		2017-02-14	2018-03-14
	23. LILLY ELI & CO COM		2017-08-08	2018-03-14
	23. LOCKHEED MARTIN CORP COM		2017-02-14	2018-03-14
	8. LOCKHEED MARTIN CORP COM		2018-02-07	2018-03-14
	83. MARSH & MCLENNAN COS INC COM		2017-02-14	2018-03-14
	27. MCDONALD'S CORPORATION		2017-02-14	2018-03-14
	149. MERCK AND CO INC		2017-02-14	2018-03-14
	241. MICROSOFT CORP		2017-02-14	2018-03-14
	24. NEXTERA ENERGY INC		2017-02-14	2018-03-14
	43. NORTHERN TR CORP COM		2017-02-14	2018-03-14
	52. PNC FINL SVCS GROUP INC COM		2017-02-14	2018-03-14
	17. PARKER HANNIFIN CORP COM		2017-02-14	2018-03-14
	45. PEPSICO INC		2017-02-14	2018-03-14
	20. PEPSICO INC		2017-05-30	2018-03-14
	227. PFIZER INC		2017-02-14	2018-03-14
	31. PHILIP MORRIS INTL		2018-03-07	2018-03-14
	68. PHILIP MORRIS INTL		2017-02-14	2018-03-14
	36. T ROWE PRICE GROUP INC		2017-02-14	2018-03-14
	49. PROCTER & GAMBLE CO		2017-02-14	2018-03-14
	17. PUBLIC STORAGE INC COM		2017-02-14	2018-03-14
	43. SONOCO PRODS CO		2017-02-14	2018-03-14
	23. STANLEY BLACK DECKER INC		2017-02-14	2018-03-14
	123. SUNCOR ENERGY INC			2018-03-14
	30. TJX COS INC NEW COM		2017-02-14	2018-03-14
	76. TEXAS INSTRS INC COM		2017-02-14	2018-03-14
	26. 3M CO		2017-02-14	2018-03-14
	44. TIME WARNER INC		2017-02-14	2018-03-14
	72. UNION PACIFIC CORPORATION			2018-03-14
	21. UNITEDHEALTH GROUP INC COM		2017-02-14	2018-03-14
	44. VALERO ENERGY CORP		2017-02-14	2018-03-14
	14. WEC ENERGY GROUP INC		2017-02-14	2018-03-14
	43. WEC ENERGY GROUP INC		2017-09-05	2018-03-14
	21. WAL MART STORES INC COM		2018-03-07	2018-03-14
	50. WAL MART STORES INC COM		2017-02-14	2018-03-14
	53. WASTE MGMT INC DEL COM		2017-02-14	2018-03-14
	87. WELLS FARGO & CO NEW		2017-02-14	2018-03-14
	13. WELLS FARGO & CO NEW		2018-01-23	2018-03-14
	19. ACCENTURE PLC CL A		2017-10-09	2018-03-14
	45. COCA COLA EUROREAN PARTNERS		2017-08-22	2018-03-14
	13. INGERSOLL RAND PLC		2017-02-14	2018-03-14
	28. INGERSOLL RAND PLC		2017-07-11	2018-03-14
	32. MEDTRONIC PLC		2017-02-14	2018-03-14
	57. CHUBB LTD		2017-02-14	2018-03-14
	22. LYONDELLBASELL INDUSTRIES CL A		2017-02-14	2018-03-14
	26. BROADCOM LTD		2017-02-14	2018-03-14
	29. INTERNATIONAL PAPER COMPANY		2017-08-08	2018-04-03
	194. ABBVIE INC			2018-04-04
	7735. KONINKLIJKE ROYAL KPN NV SP ADR			2018-04-13
	552. ACS ACTIVIDADES CONS UNS A D R		2017-01-04	2018-04-16
	175. AIA GROUP LTD ADR		2017-03-22	2018-04-16
	192. AIRBUS GROUP NV A D R		2016-10-25	2018-04-16
	265. ARCELORMITTAL CLASS A N Y REGISTRY		2017-05-16	2018-04-16
	6. B H P BILLITON PLC SPSD A D R		2017-02-14	2018-04-16
	19. BAIDU COM INC A D R		2017-05-15	2018-04-16
	148. CARLSBERG AS A D R		2016-02-05	2018-04-16
	190. DBS GROUP HOLDINGS LTD - SPON ADR		2016-06-10	2018-04-16
	152. DNB ASA SPONSOR A D R		2016-11-03	2018-04-16
	538. DEUTSCHE BOERSE AG UNSPN A D R		2017-11-03	2018-04-16
	11. ESSILOR INTL A D R		2017-02-14	2018-04-16
	55. FAST RETAILING CO UNSPON A D R		2017-12-01	2018-04-16
	9. HSBC HLDGS PLC SPONSORED ADR NEW		2014-09-25	2018-04-16
	405. INTESA SANPAOLO A D R		2016-03-11	2018-04-16
	405. JULIUS BAER GROUP LTD A D R			2018-04-16
	571. LLOYDS BANKING GROUP P L C A D R		2017-10-16	2018-04-16
	649. OTSUKA HOLDINGS LTD A D R		2014-01-16	2018-04-16
	42. PANASONIC CORP A D R		2017-10-05	2018-04-16
	6. PHILIP MORRIS INTL		2018-02-01	2018-04-16
	376. KONINKLIJKE DSM NV ADR			2018-04-16
	35. ROYAL DUTCH SHELL PLC A D R		2015-11-04	2018-04-16
	1. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU		2018-02-06	2018-04-16
	277. SECOM COMPANY LIMITED A D R			2018-04-16
	26. SEVEN I HLDGS UNSPN A D R		2017-08-04	2018-04-16
	7. SMITH NEPHEW P L C A D R		2015-03-31	2018-04-16
	10. TOTAL FINA SA SPONSORED ADR		2015-11-18	2018-04-16
	59. ABBVIE INC		2017-02-14	2018-04-17
	11. AUTOMATIC DATA PROCESSING INC COM		2017-02-14	2018-04-17
	6. CME GROUP INC		2017-02-14	2018-04-17
	12. CROWN CASTLE INTL CORP		2018-02-20	2018-04-17
	21. HOME DEPOT INC COM		2017-02-14	2018-04-17
	59. ISHARES DOW JONES US REGIONAL BANKS FUND		2017-02-14	2018-04-17
	5. ISHARES DOW JONES US REGIONAL BANKS FUND		2018-01-23	2018-04-17
	85. MICROSOFT CORP		2017-02-14	2018-04-17
	68. NORTHERN TR CORP COM		2017-02-14	2018-04-17
	11. UNITEDHEALTH GROUP INC COM		2017-02-14	2018-04-17
	77. MONSANTO CO			2018-04-18
	14. ATT INC		2018-02-12	2018-04-23
	5. APPLE COMPUTER INC COM		2012-10-04	2018-04-23
	3. BECTON DICKINSON & CO COM		2017-02-15	2018-04-23
	4. CVS CORP COM		2017-08-29	2018-04-23
	5. CHEVRONTEXACO CORP COM		2012-10-04	2018-04-23
	17. CISCO SYS INC		2017-03-06	2018-04-23
	12. COLGATE PALMOLIVE CO COM		2018-01-31	2018-04-23
	24. COMCAST CORP CL A		2017-07-25	2018-04-23
	5. CYRUSONE INC		2017-09-29	2018-04-23
	8. WALT DISNEY COMPANY		2015-11-20	2018-04-23
	13. FIDELITY NATL INFORMATION SVCS INC		2016-11-18	2018-04-23
	3. HONEYWELL INTL INC COM		2016-06-10	2018-04-23
	2. JOHNSON & JOHNSON		2015-07-31	2018-04-23
	3. LOCKHEED MARTIN CORP COM		2016-05-06	2018-04-23
	9. LOWE'S COS INC		2017-12-28	2018-04-23
	24. MICROSOFT CORP		2016-06-28	2018-04-23
	2. MONSANTO CO		2015-03-26	2018-04-23
	7. NEXTERA ENERGY INC		2012-10-04	2018-04-23
	2. PEPSICO INC		2018-01-31	2018-04-23
	19. PFIZER INC		2016-11-09	2018-04-23
	11. PHILLIPS 66		2016-05-16	2018-04-23
	3. PRAXAIR INC COM		2015-02-05	2018-04-23
	7. SCHLUMBERGER LTD ORD		2016-04-20	2018-04-23
	6. TEXAS INSTRS INC COM		2018-02-28	2018-04-23
	2. UNION PACIFIC CORPORATION		2016-08-04	2018-04-23
	7. UNITEDHEALTH GROUP INC COM		2013-09-06	2018-04-23
	9. WEC ENERGY GROUP INC		2018-01-18	2018-04-23
	11. WELLS FARGO & CO NEW		2016-08-04	2018-04-23
	5. ACCENTURE PLC CL A		2012-10-04	2018-04-23
	2. MEDTRONIC PLC		2015-01-27	2018-04-23
	4. CHUBB LTD		2016-12-06	2018-04-23
	394. B H P BILLITON PLC SPSD A D R			2018-04-25
	163. CISCO SYS INC			2018-05-15
	1381. PANASONIC CORP A D R		2016-12-12	2018-05-29
	680. PANASONIC CORP A D R		2017-10-05	2018-05-29
	76. MONSANTO CO			2018-05-31
	721. TATA MOTORS LTD A D R		2017-03-27	2018-06-06
	430. TATA MOTORS LTD A D R		2018-04-16	2018-06-06
	526. MITSUBISHI ESTATE LTD A D R		2018-04-16	2018-06-12
	1205. MITSUBISHI ESTATE LTD A D R			2018-06-12
	67. TIME WARNER INC		2017-02-14	2018-06-14
	.5 PERSPECTA INC		2006-05-10	2018-06-21
	136. ATT INC		2017-07-11	2018-06-26
	19. CME GROUP INC		2017-02-14	2018-06-26
	27. MICROSOFT CORP		2017-02-14	2018-06-26
	201. BRITISH AMERN TOB PLC ADR			2018-06-27
	49. SCHLUMBERGER LTD ORD		2016-08-24	2018-06-27
	187. SCHLUMBERGER LTD ORD		2018-04-16	2018-06-27
	1. AMERICAN INTL GROUP INC		1911-11-11	2018-07-02
	986. BAYER A G SPONSORED ADR		1901-01-01	2018-07-02
	158. AMBEV SA SPN A D R		2018-04-16	2018-07-10
	4331. AMBEV SA SPN A D R		2016-09-13	2018-07-10
	8. BROADCOM INC		2017-03-21	2018-07-10
	35. UNION PACIFIC CORPORATION			2018-07-11
	48. MEDTRONIC PLC		2015-01-27	2018-07-11
	4983. CARREFOUR SA SP A D R		2016-11-14	2018-07-13
	2599. CARREFOUR SA SP A D R		2018-04-16	2018-07-13
	14700. VIRTUS SEIX US GOV SECURITIES ULTRA		2015-12-08	2018-07-23
	21. EQUITY LIFESTYLE PPTYS INC		2017-08-22	2018-07-24
	.7948 ACS ACTIVIDADES CONS UNS A D R		2017-01-04	2018-07-31
	16. AUTOMATIC DATA PROCESSING INC COM		2017-02-14	2018-08-07
	1. BLACKROCK INC		2017-02-14	2018-08-07
	10. T ROWE PRICE GROUP INC		2017-02-14	2018-08-07
	75. COCA COLA EUROREAN PARTNERS		2017-08-22	2018-08-07
	69. BAIDU COM INC A D R			2018-08-08
	113. PHILLIPS 66			2018-08-13
	.279 ATT INC		2017-02-14	2018-08-16
	7. AUTOMATIC DATA PROCESSING INC COM		2017-02-14	2018-08-21
	4. BLACKROCK INC		2017-02-14	2018-08-21
	4. BROADCOM INC			2018-08-21
	5. BROADCOM INC		2017-10-09	2018-08-21
	13. CME GROUP INC		2017-02-14	2018-08-21
	73. DUKE REALTY CORPORATION		2017-02-14	2018-08-21
	30. MICROSOFT CORP		2017-02-14	2018-08-21
	10. PNC FINL SVCS GROUP INC COM		2017-02-14	2018-08-21
	6. PNC FINL SVCS GROUP INC COM		2018-01-23	2018-08-21
	8. T ROWE PRICE GROUP INC		2017-02-14	2018-08-21
	1779. SUMITOMO MITSUI FINL GROUP A D R		2017-06-13	2018-08-21
	47. SUNCOR ENERGY INC		2017-02-14	2018-08-21
	7. UNITEDHEALTH GROUP INC COM		2017-02-14	2018-08-21
	1531. BAYER A G SPONSORED ADR			2018-08-27
	409. NIELSEN HOLDINGS PLC			2018-08-29
	100. PERSPECTA INC			2018-08-30
	6. BOEING COMPANY		2017-03-21	2018-09-04
	10. HOME DEPOT INC COM		2017-02-14	2018-09-04
	12. TJX COS INC NEW COM		2017-02-14	2018-09-04
	2141. ACS ACTIVIDADES CONS UNS A D R		2017-01-04	2018-09-06
	432. AIA GROUP LTD ADR		2017-03-22	2018-09-06
	633. AIRBUS GROUP NV A D R		2016-10-25	2018-09-06
	444. ARCELORMITTAL CLASS A N Y REGISTRY		2017-05-16	2018-09-06
	526. AXA SA SONSORED ADR		2016-10-18	2018-09-06
	449. B A E SYSTEMS P L C A D R		2017-10-11	2018-09-06
	365. B H P BILLITON PLC SPSD A D R		2016-09-14	2018-09-06
	66. BAIDU COM INC A D R		2017-05-05	2018-09-06
	1600. BANCO SANTANDER CENT HISPANO A D R		2018-02-28	2018-09-06
	292. BRITISH AMERN TOB PLC ADR		2017-10-16	2018-09-06
	628. CK HUTCHISON HOLDINGS LIMITED ADR		2018-04-16	2018-09-06
	747. CK HUTCHISON HOLDINGS LIMITED ADR		2016-04-04	2018-09-06
	73. CANADIAN NATURAL RESOURCES LTD		2018-04-16	2018-09-06
	381. CANADIAN NATURAL RESOURCES LTD		2017-04-04	2018-09-06
	741. CARLSBERG AS A D R		2016-02-05	2018-09-06
	275. CTRIP.COM INTERNATIONAL LTD ADR		2018-07-10	2018-09-06
	157. DBS GROUP HOLDINGS LTD - SPON ADR		2016-06-10	2018-09-06
	898. DNB ASA SPONSOR A D R		2016-11-03	2018-09-06
	682. DAIMLER AG UNSPONSORED A D R		2018-05-25	2018-09-06
	1254. DEUTSCHE BOERSE AG UNSPN A D R			2018-09-06
	293. DEUTSCHE POST AG A D R		2018-04-13	2018-09-06
	346. E ON AG A D R		2018-04-16	2018-09-06
	1063. E ON AG A D R		2016-02-05	2018-09-06
	605. ENGIE A D R		2016-08-17	2018-09-06
	200. ENGIE A D R		2018-04-16	2018-09-06
	239. ESSILOR INTL A D R		2017-02-14	2018-09-06
	698. FANUC CORPORATION A D R		2018-08-17	2018-09-06
	408. FAST RETAILING CO UNSPON A D R		2017-12-01	2018-09-06
	305. HSBC HLDGS PLC SPONSORED ADR NEW			2018-09-06
	502. INTESA SANPAOLO A D R			2018-09-06
	1239. JULIUS BAER GROUP LTD A D R		2012-10-04	2018-09-06
	177. KUBOTA LTD A D R		2018-07-18	2018-09-06
	3267. LLOYDS BANKING GROUP P L C A D R		2017-10-16	2018-09-06
	647. ORANGE SPON A D R		2016-04-18	2018-09-06
	187. ORANGE SPON A D R		2018-04-16	2018-09-06
	655. OTSUKA HOLDINGS LTD A D R		2014-01-16	2018-09-06
	119. PHILIP MORRIS INTL		2018-02-01	2018-09-06
	624. ROCHE HLDG LTD SPONSORED ADR			2018-09-06
	612. KONINKLIJKE DSM NV ADR		2012-10-17	2018-09-06
	230. ROYAL DUTCH SHELL PLC A D R		2015-11-04	2018-09-06
	161. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU		2018-02-06	2018-09-06
	83.99981 SCHLUMBERGER LTD ORD		2016-08-24	2018-09-06
	115.00019 SCHLUMBERGER LTD ORD			2018-09-06
	943. SECOM COMPANY LIMITED A D R		2012-10-04	2018-09-06
	711. SEVEN I HLDGS UNSPN A D R		2017-08-04	2018-09-06
	411. SMITH NEPHEW P L C A D R		2015-03-31	2018-09-06
	1793. SUMITOMO MITSUI FINL GROUP A D R			2018-09-06
	680. TORAY INDUSTRIES INC A D R		2017-11-29	2018-09-06
	276. TOTAL FINA SA SPONSORED ADR			2018-09-06
	504. AERCAP HOLDINGS NV			2018-09-06
	3755.163 CAMBIAR INTL EQUITY FUND INS		2017-02-01	2018-09-11
	16. APPLE COMPUTER INC COM		2012-10-04	2018-09-11
	9. GENERAL DYNAMICS CORP COM		2017-02-14	2018-09-18
	5. NEXTERA ENERGY INC		2017-02-14	2018-09-18
	9. WAL MART STORES INC COM		2017-02-14	2018-09-18
	200. GOLDMAN SACHS GROUP INC		2006-03-27	2018-09-20
	618. J P MORGAN CHASE & CO			2018-09-20
	4060.914 P I M C O FDS TOTAL RETURN FD		2014-04-30	2018-09-20
	300. PHILIP MORRIS INTL		2008-03-03	2018-09-20
	279. FAST RETAILING CO UNSPON A D R		2017-12-01	2018-09-28
	16. GARRETT MOTION INC			2018-10-04
	409. CANADIAN NATURAL RESOURCES LTD		2017-04-04	2018-10-11
	28. BECTON DICKINSON & CO COM			2018-10-16
	10. GARRETT MOTION INC		2017-02-14	2018-10-16
	22. PHILIP MORRIS INTL		2017-02-14	2018-10-16
	477. WELLS FARGO & CO NEW			2018-10-24
	.6 GARRETT MOTION INC		2013-06-17	2018-10-26
	96. ATT INC			2018-10-30
	87. PRAXAIR INC COM		2015-01-27	2018-10-31
	13. PRAXAIR INC COM		2015-02-05	2018-10-31
	21. PRAXAIR INC COM		2017-06-30	2018-10-31
	34. PRAXAIR INC COM		2018-05-15	2018-10-31
	27. RESIDEO TECHNOLOGIES INC			2018-11-01
	96. CA INC		2018-06-26	2018-11-05
	.6667 RESIDEO TECHNOLOGIES INC		2017-02-14	2018-11-05
	1171. CK HUTCHISON HOLDINGS LIMITED ADR		2016-04-04	2018-11-14
	362. CTRIP.COM INTERNATIONAL LTD ADR		2018-07-10	2018-11-23
	1650. ACS ACTIVIDADES CONS UNS A D R		2017-01-04	2018-11-27
	401. AIA GROUP LTD ADR		2017-03-22	2018-11-27
	447. AIRBUS GROUP NV A D R		2016-10-25	2018-11-27
	468. ARCELORMITTAL CLASS A N Y REGISTRY			2018-11-27
	525. AXA SA SONSORED ADR		2016-10-18	2018-11-27
	420. B A E SYSTEMS P L C A D R		2017-10-11	2018-11-27
	584. B A S F A G A D R		2018-09-25	2018-11-27
	335. B H P BILLITON PLC SPSD A D R		2016-09-14	2018-11-27
	134. B H P BILLITON PLC SPSD A D R		2018-11-26	2018-11-27
	62. BAIDU COM INC A D R		2017-05-05	2018-11-27
	2751. BANCO SANTANDER CENT HISPANO A D R			2018-11-27
	123. BRITISH AMERN TOB PLC ADR		2018-04-16	2018-11-27
	158. BRITISH AMERN TOB PLC ADR		2017-10-16	2018-11-27
	555. CARLSBERG AS A D R		2016-02-05	2018-11-27
	188. DBS GROUP HOLDINGS LTD - SPON ADR		2016-06-10	2018-11-27
	660. DNB ASA SPONSOR A D R		2016-11-03	2018-11-27
	850. DAIMLER AG UNSPONSORED A D R		2018-05-25	2018-11-27
	878. DANONE SPONS A D R		2018-10-05	2018-11-27
	982. DEUTSCHE BOERSE AG UNSPN A D R		2017-10-26	2018-11-27
	376. DEUTSCHE POST AG A D R		2018-04-13	2018-11-27
	1278. E ON AG A D R		2016-02-05	2018-11-27
	935. ENGIE A D R		2016-08-17	2018-11-27
	190. ESSILOR INTL A D R		2017-02-14	2018-11-27
	705. FANUC CORPORATION A D R		2018-08-17	2018-11-27
	310. HSBC HLDGS PLC SPONSORED ADR NEW		2016-11-14	2018-11-27
	900. INDITEX UNSPON A D R		2018-09-11	2018-11-27
	822. INTESA SANPAOLO A D R		2016-06-07	2018-11-27
	2000. ISHARES S P U S PREFERRED STOCK ETF		2010-09-10	2018-11-27
	1293. JULIUS BAER GROUP LTD A D R		2012-10-04	2018-11-27
	177. KUBOTA LTD A D R		2018-07-18	2018-11-27
	4334. LLOYDS BANKING GROUP P L C A D R		2017-10-16	2018-11-27
	2182. LLOYDS BANKING GROUP P L C A D R		2018-11-23	2018-11-27
	334. MURATA MANUFACTUR UNSPON A D R		2018-11-16	2018-11-27
	1243. NORDEA BANK ABP SPON ADR A D R		2018-09-11	2018-11-27
	22421.525 NUVEEN HIGH INCOME BOND FD CL I		2012-09-07	2018-11-27
	20554.985 NUVEEN SHORT TERM BOND FUND CL I		2014-04-30	2018-11-27
	851. ORANGE SPON A D R		2016-04-18	2018-11-27
	566. OTSUKA HOLDINGS LTD A D R			2018-11-27
	22021.268 P I M C O FDS TOTAL RETURN FD		2014-04-30	2018-11-27
	171. PHILIP MORRIS INTL		2018-02-01	2018-11-27
	1053. REPSOL S A SPONSORED ADR			2018-11-27
	16. RESIDEO TECHNOLOGIES INC		2017-02-14	2018-11-27
	377. ROCHE HLDG LTD SPONSORED ADR		2012-10-04	2018-11-27
	62. ROCHE HLDG LTD SPONSORED ADR		2018-04-16	2018-11-27
	524. KONINKLIJKE DSM NV ADR		2012-10-17	2018-11-27
	210. ROYAL DUTCH SHELL PLC A D R		2015-11-04	2018-11-27
	180. SAP AG SYSTEM ANWENDUNGEN PRODUKTE INDER DATENVERARBEITU			2018-11-27
	222. SCHLUMBERGER LTD ORD		2016-05-23	2018-11-27
	666. SECOM COMPANY LIMITED A D R			2018-11-27
	669. SEVEN I HLDGS UNSPN A D R		2017-08-04	2018-11-27
	375. SMITH NEPHEW P L C A D R		2015-03-31	2018-11-27
	1735. SUMITOMO MITSUI FINL GROUP A D R		2017-06-27	2018-11-27
	922. TORAY INDUSTRIES INC A D R			2018-11-27
	221. TOTAL FINA SA SPONSORED ADR		2016-10-13	2018-11-27
	354. AERCAP HOLDINGS NV			2018-11-27
	.187 BANCO SANTANDER CENT HISPANO A D R		2018-02-28	2018-11-28
	26. JOHNSON & JOHNSON		2015-07-31	2018-12-11
	35. STANLEY BLACK DECKER INC		2017-02-14	2018-12-11
	28. LINDE PLC			2018-12-11
	23. CHUBB LTD		2018-05-31	2018-12-11
	5. CHUBB LTD		2016-12-06	2018-12-11
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	810	573	237
b	2,227	1,537	690
c	6,480	4,232	2,248
d	75,000	76,756	-1,756
e	7,807	2,888	4,919
	7,495	5,773	1,722
	2,938	2,660	278
	2,663	1,834	829
	1,772	1,255	517
	2,143	2,102	41
	7,267	2,208	5,059
	3,955	1,287	2,668
	3,556	2,130	1,426
	12,496	9,443	3,053
	38,221	23,363	14,858
	6,624	6,169	455
	6,923	3,527	3,396
	3,208	3,333	-125
	4,098	4,049	49
	3,644	3,966	-322
	2,885	3,145	-260
	6	5	1
	18,175	20,098	-1,923
	14,881	15,633	-752
	8,464	9,834	-1,370
	9,351	11,612	-2,261
	19		19
	7,628	8,386	-758
	4,515	2,311	2,204
	5,831	6,562	-731
	997	948	49
	2,327	2,590	-263
	14,278	10,790	3,488
	6,017	5,174	843
	3,485	3,064	421
	5,835	4,710	1,125
	7,263	5,005	2,258
	5,274	3,738	1,536
	1,929	1,561	368
	8,303	6,170	2,133
	2,639	2,617	22
	2,074	2,161	-87
	5,647	5,506	141
	9,802	6,994	2,808
	9,540	10,071	-531
	3,358	2,702	656
	3,026	3,041	-15
	2,318	2,306	12
	3,123	3,117	6
	1,537	1,532	5
	4,216	3,824	392
	1,179	1,155	24
	1,201	1,238	-37
	2,344	2,290	54
	8,630	9,666	-1,036
	9,062	7,677	1,385
	11,722	9,311	2,411
	9,472	7,771	1,701
	8,019	5,574	2,445
	1,040	1,029	11
	18,187	14,165	4,022
	16,679	14,640	2,039
	3,008	2,599	409
	6,214	6,103	111
	2,783	3,078	-295
	1,806	1,893	-87
	7,604	6,036	1,568
	2,645	2,780	-135
	6,953	5,968	985
	4,265	3,389	876
	8,128	9,786	-1,658
	22,663	15,528	7,135
	3,782	3,021	761
	4,582	3,777	805
	8,223	6,558	1,665
	3,050	2,590	460
	5,057	4,807	250
	2,248	2,360	-112
	8,235	7,429	806
	3,276	3,337	-61
	7,186	6,990	196
	4,163	2,514	1,649
	3,868	4,322	-454
	3,305	3,680	-375
	2,084	2,290	-206
	3,603	2,887	716
	3,996	4,253	-257
	2,449	2,335	114
	8,324	5,746	2,578
	6,091	4,720	1,371
	4,242	4,245	-3
	9,712	8,421	1,291
	4,740	3,412	1,328
	4,086	2,970	1,116
	857	802	55
	2,631	2,814	-183
	1,842	1,857	-15
	4,386	3,418	968
	4,584	3,758	826
	4,927	5,040	-113
	736	841	-105
	3,058	2,600	458
	1,849	1,978	-129
	1,148	1,063	85
	2,472	2,605	-133
	2,627	2,462	165
	8,012	7,625	387
	2,396	2,049	347
	6,755	5,341	1,414
	1,506	1,571	-65
	17,710	6,621	11,089
	22,740	28,911	-6,171
	4,521	3,337	1,184
	6,058	4,550	1,508
	5,366	2,768	2,598
	8,687	6,161	2,526
	246	211	35
	4,366	3,534	832
	3,383	2,553	830
	16,571	8,925	7,646
	2,874	2,199	675
	7,247	5,676	1,571
	770	646	124
	2,354	2,136	218
	438	477	-39
	9,242	7,517	1,725
	4,783	3,296	1,487
	2,221	2,061	160
	16,231	9,997	6,234
	608	614	-6
	619	636	-17
	10,024	5,560	4,464
	2,382	1,906	476
	108	106	2
	5,210	3,818	1,392
	572	532	40
	266	240	26
	602	497	105
	5,525	3,588	1,937
	1,294	1,095	199
	998	726	272
	1,270	1,308	-38
	3,680	2,963	717
	2,919	2,808	111
	247	268	-21
	8,181	5,477	2,704
	7,186	5,973	1,213
	2,597	1,787	810
	9,623	8,727	896
	487	511	-24
	823	476	347
	698	537	161
	262	305	-43
	616	587	29
	748	582	166
	795	883	-88
	808	955	-147
	255	292	-37
	800	958	-158
	1,244	1,003	241
	445	348	97
	253	200	53
	1,070	718	352
	757	830	-73
	2,281	1,183	1,098
	249	224	25
	1,123	499	624
	204	241	-37
	698	610	88
	1,224	863	361
	450	372	78
	478	570	-92
	591	660	-69
	272	186	86
	1,636	520	1,116
	559	568	-9
	578	526	52
	764	357	407
	160	154	6
	551	521	30
	16,822	11,685	5,137
	7,319	5,286	2,033
	18,652	15,378	3,274
	9,184	9,946	-762
	9,686	8,292	1,394
	15,759	25,950	-10,191
	9,399	11,251	-1,852
	9,333	9,173	160
	21,381	25,438	-4,057
	6,734	6,464	270
	11	6	5
	4,264	4,988	-724
	3,168	2,299	869
	2,695	1,740	955
	9,962	13,469	-3,507
	3,295	3,994	-699
	12,575	12,823	-248
	20		20
	410		410
	749	1,062	-313
	20,537	25,488	-4,951
	2,013	1,738	275
	4,899	2,869	2,030
	4,184	3,694	490
	14,749	24,085	-9,336
	7,693	10,557	-2,864
	147,000	147,803	-803
	1,887	1,857	30
	7	5	2
	2,206	1,592	614
	488	385	103
	1,191	698	493
	3,053	3,297	-244
	15,299	12,599	2,700
	13,815	8,856	4,959
	9	11	-2
	1,001	697	304
	1,904	1,540	364
	841	845	-4
	1,051	1,230	-179
	2,186	1,573	613
	2,056	1,833	223
	3,195	1,933	1,262
	1,462	1,261	201
	877	937	-60
	933	559	374
	13,885	14,136	-251
	1,914	1,503	411
	1,831	1,137	694
	36,730	48,451	-11,721
	10,941	17,963	-7,022
	2,300	1,220	1,080
	2,073	1,058	1,015
	2,055	1,411	644
	1,333	934	399
	17,128	12,620	4,508
	14,152	11,232	2,920
	19,116	9,126	9,990
	12,698	10,323	2,375
	13,392	12,004	1,388
	14,332	14,861	-529
	14,582	9,688	4,894
	14,112	11,603	2,509
	7,784	11,192	-3,408
	13,879	18,853	-4,974
	7,096	7,354	-258
	8,441	9,793	-1,352
	2,393	2,532	-139
	12,487	12,534	-47
	17,732	12,782	4,950
	10,703	12,471	-1,768
	11,186	7,375	3,811
	18,139	12,994	5,145
	10,666	12,890	-2,224
	16,866	13,213	3,653
	10,469	13,211	-2,742
	3,578	3,903	-325
	10,991	11,417	-426
	8,585	9,895	-1,310
	2,838	3,478	-640
	16,474	14,030	2,444
	13,206	13,825	-619
	19,808	15,848	3,960
	13,182	14,478	-1,296
	8,007	8,113	-106
	12,700	8,685	4,015
	13,413	14,287	-874
	9,947	11,792	-1,845
	10,158	11,119	-961
	2,936	3,346	-410
	15,261	10,089	5,172
	9,307	12,616	-3,309
	18,938	17,939	999
	15,422	8,114	7,308
	14,626	12,525	2,101
	18,528	17,139	1,389
	5,061	6,847	-1,786
	6,929	8,686	-1,757
	18,992	12,014	6,978
	14,305	14,545	-240
	14,681	14,073	608
	13,757	14,213	-456
	9,833	13,131	-3,298
	16,690	13,694	2,996
	28,597	20,697	7,900
	100,038	91,213	8,825
	3,578	1,525	2,053
	1,836	1,685	151
	866	629	237
	858	615	243
	47,471	30,458	17,013
	73,399	39,396	34,003
	40,041	43,910	-3,869
	24,654	15,077	9,577
	14,118	10,837	3,281
	263	150	113
	12,015	13,455	-1,440
	6,712	5,333	1,379
	153	132	21
	1,834	2,262	-428
	24,047	18,245	5,802
	9	5	4
	2,926	3,843	-917
	14,221	10,711	3,510
	2,125	1,612	513
	3,433	2,793	640
	5,557	5,361	196
	598	411	187
	4,272	3,482	790
	16	14	2
	11,840	15,352	-3,512
	9,518	16,417	-6,899
	12,441	9,726	2,715
	13,189	10,426	2,763
	11,796	6,445	5,351
	10,371	10,881	-510
	12,542	11,981	561
	10,731	13,901	-3,170
	10,693	13,776	-3,083
	12,807	8,891	3,916
	5,123	5,215	-92
	11,332	10,900	432
	12,985	19,195	-6,210
	4,237	7,150	-2,913
	5,443	10,201	-4,758
	12,104	9,574	2,530
	12,938	8,831	4,107
	11,240	9,550	1,690
	12,070	16,065	-3,995
	13,126	13,348	-222
	12,450	10,344	2,106
	12,122	16,954	-4,832
	13,189	13,726	-537
	13,305	15,293	-1,988
	11,691	11,153	538
	11,858	13,963	-2,105
	13,271	12,277	994
	13,572	13,435	137
	11,362	12,692	-1,330
	70,519	79,920	-9,401
	10,525	9,064	1,461
	14,386	14,287	99
	12,408	15,643	-3,235
	6,247	6,459	-212
	11,760	12,167	-407
	11,150	13,408	-2,258
	160,314	200,000	-39,686
	200,000	206,578	-6,578
	14,408	14,624	-216
	12,616	8,557	4,059
	217,130	238,114	-20,984
	14,560	18,128	-3,568
	17,606	19,957	-2,351
	312	342	-30
	11,807	9,210	2,597
	1,942	1,753	189
	11,323	6,948	4,375
	12,547	11,436	1,111
	18,312	19,030	-718
	10,188	16,694	-6,506
	13,659	8,481	5,178
	14,490	13,686	804
	13,669	12,841	828
	12,639	13,366	-727
	14,614	17,778	-3,164
	11,945	10,684	1,261
	18,164	13,366	4,798
	1	1
	3,800	2,603	1,197
	4,248	4,393	-145
	4,488	4,577	-89
	2,962	3,002	-40
	644	651	-7
			137,420

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			237
b			690
c			2,248
d			-1,756
e			4,919
			1,722
			278
			829
			517
			41
			5,059
			2,668
			1,426
			3,053
			14,858
			455
			3,396
			-125
			49
			-322
			-260
			1
			-1,923
			-752
			-1,370
			-2,261
			19
			-758
			2,204
			-731
			49
			-263
			3,488
			843
			421
			1,125
			2,258
			1,536
			368
			2,133
			22
			-87
			141
			2,808
			-531
			656
			-15
			12
			6
			5
			392
			24
			-37
			54
			-1,036
			1,385
			2,411
			1,701
			2,445
			11
			4,022
			2,039
			409
			111
			-295
			-87
			1,568
			-135
			985
			876
			-1,658
			7,135
			761
			805
			1,665
			460
			250
			-112
			806
			-61
			196
			1,649
			-454
			-375
			-206
			716
			-257
			114
			2,578
			1,371
			-3
			1,291
			1,328
			1,116
			55
			-183
			-15
			968
			826
			-113
			-105
			458
			-129
			85
			-133
			165
			387
			347
			1,414
			-65
			11,089
			-6,171
			1,184
			1,508
			2,598
			2,526
			35
			832
			830
			7,646
			675
			1,571
			124
			218
			-39
			1,725
			1,487
			160
			6,234
			-6
			-17
			4,464
			476
			2
			1,392
			40
			26
			105
			1,937
			199
			272
			-38
			717
			111
			-21
			2,704
			1,213
			810
			896
			-24
			347
			161
			-43
			29
			166
			-88
			-147
			-37
			-158
			241
			97
			53
			352
			-73
			1,098
			25
			624
			-37
			88
			361
			78
			-92
			-69
			86
			1,116
			-9
			52
			407
			6
			30
			5,137
			2,033
			3,274
			-762
			1,394
			-10,191
			-1,852
			160
			-4,057
			270
			5
			-724
			869
			955
			-3,507
			-699
			-248
			20
			410
			-313
			-4,951
			275
			2,030
			490
			-9,336
			-2,864
			-803
			30
			2
			614
			103
			493
			-244
			2,700
			4,959
			-2
			304
			364
			-4
			-179
			613
			223
			1,262
			201
			-60
			374
			-251
			411
			694
			-11,721
			-7,022
			1,080
			1,015
			644
			399
			4,508
			2,920
			9,990
			2,375
			1,388
			-529
			4,894
			2,509
			-3,408
			-4,974
			-258
			-1,352
			-139
			-47
			4,950
			-1,768
			3,811
			5,145
			-2,224
			3,653
			-2,742
			-325
			-426
			-1,310
			-640
			2,444
			-619
			3,960
			-1,296
			-106
			4,015
			-874
			-1,845
			-961
			-410
			5,172
			-3,309
			999
			7,308
			2,101
			1,389
			-1,786
			-1,757
			6,978
			-240
			608
			-456
			-3,298
			2,996
			7,900
			8,825
			2,053
			151
			237
			243
			17,013
			34,003
			-3,869
			9,577
			3,281
			113
			-1,440
			1,379
			21
			-428
			5,802
			4
			-917
			3,510
			513
			640
			196
			187
			790
			2
			-3,512
			-6,899
			2,715
			2,763
			5,351
			-510
			561
			-3,170
			-3,083
			3,916
			-92
			432
			-6,210
			-2,913
			-4,758
			2,530
			4,107
			1,690
			-3,995
			-222
			2,106
			-4,832
			-537
			-1,988
			538
			-2,105
			994
			137
			-1,330
			-9,401
			1,461
			99
			-3,235
			-212
			-407
			-2,258
			-39,686
			-6,578
			-216
			4,059
			-20,984
			-3,568
			-2,351
			-30
			2,597
			189
			4,375
			1,111
			-718
			-6,506
			5,178
			804
			828
			-727
			-3,164
			1,261
			4,798

			1,197
			-145
			-89
			-40
			-7

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	303,094
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	1,342,542	20,910,813	0.064203
2016	708,689	19,998,874	0.035436
2015	1,169,285	20,652,103	0.056618
2014	1,693,838	22,262,073	0.076086
2013	1,532,046	19,993,511	0.076627

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

0.30897

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.061794

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

21,863,007

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

1,351,003

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

15,397

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

1,366,400

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

1,149,959

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	30,795
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	30,795
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	30,795
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	36,375
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	36,375
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,580
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax5,580	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

U S BANK NATIONAL ASSOCIATION Telephone no. bullet

(218) 723-2870

Located at bullet

130 W SUPERIOR STREETDULUTHMN ZIP+4 bullet

55802

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
US BANK NA	CORP TSTEE 1	227,188
130 W SUPERIOR STREET DULUTH,MN55802	CORP TSTEE 1	227,188
JAMES H STEWART	CO-TRUSTEE 1	0
302 W SUPERIOR ST STE 700 DULUTH,MN55802	CO-TRUSTEE 1	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

21,536,757

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

659,189

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

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

22,195,946

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

22,195,946

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

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

332,939

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

21,863,007

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

1,093,150

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

1,093,150

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

30,795

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

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

30,795

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

1,062,355

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

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

1,062,355

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

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

1,062,355

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,149,959

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,149,959

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

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

1,149,959

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					1,062,355
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......	572,895
b From 2014......	622,524
c From 2015......	42,926
d From 2016......	0
e From 2017......	342,679
fTotal of lines 3a through e........		1,581,024
4Qualifying distributions for 2018 from Part
XII, line 4: $ 1,149,959
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.....					1,062,355
e Remaining amount distributed out of corpus		87,604
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		1,668,628
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) ...		572,895
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		1,095,733
10 Analysis of line 9:
a Excess from 2014....	622,524
b Excess from 2015....	42,926
c Excess from 2016....	0
d Excess from 2017....	342,679
e Excess from 2018....	87,604

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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

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

cAny submission deadlines:

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

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UMD MEDICAL SCHOOL 10 UNIVERSITY DRIVE DULUTH,MN558122496	NONE	I	SCHOLARSHIP	158,344
PILGRIM CONGREGATIONAL CHURCH 2310 EAST 4TH ST DULUTH,MN55812	NONE	PC	GENERAL OPERATING	21,113
DULUTH SUPERIOR SYMPHONY ATTN MIKE BEERY 130 W SUPERIOR ST STE LL2 DULUTH,MN55802	NONE	PC	GENERAL OPERATING	10,671
HEAD OF THE LAKES UNITED WAY 424 W SUPERIOR ST DULUTH,MN55802	NONE	PC	GENERAL OPERATING	73,894
SAN JUAN COUNTY TREASURER 350 COURT ST1 FRIDAY HARBOR,WA98250	NONE	PC	GENERAL OPERATING	1,065
AMERICAN CANCER SOCIETY PO BOX 720366 OKLAHOMA CITY,OK731720366	NONE	PC	GENERAL OPERATING	10,671
DULUTH AREA FAMILY YMCA 302 WEST FIRST ST DULUTH,MN55802	NONE	PC	GENERAL OPERATING	74,694
YWCA DULUTH 32 E FIRST ST STE 202 DULUTH,MN55802	NONE	PC	GENERAL OPERATING	74,694
WDSE-WRPT 632 NIAGARA COURT DULUTH,MN55811	NONE	PV	GENERAL OPERATING	21,113
ANIMAL ALLIES HUMANE SOCIETY INC 4006 AIRPORT RD DULUTH,MN55811	NONE	PC	GENERAL OPERATNG	42,682
BOYS & GIRLS CLUBS OF THE NORTHLAND PO BOX 16435 DULUTH,MN55816	NONE	PC	GENERAL OPERATING	58,688
THE DEPOT FOUNDATION 130 W SUPERIOR ST SUITE 302 DULUTH,MN55802	NONE	PC	GENERAL OPERATING	74,729
AMERICAN CANCER SOCIETY - DULUTH 129 JEFFERSON AVE SE GRAND RAPIDS,MI49503	NONE	PC	GENERAL OPERATING	10,442
ANIMAL ALLIES 4006 AIRPORT ROAD DULUTH,MN55811	NONE	PC	GENERAL OPERATING	41,768
BOYS AND GIRLS CLUB OF DULUTH PO BOX 16435 DULUTH,MN558166435	NONE	PC	GENERAL OPERATING	57,431
DULUTH SUPERIOR SYMPHONY ASSOC 130 W SUPERIOR ST STE LL2 DULUTH,MN55802	NONE	PC	GENERAL OPERATING	10,442
ST LUKE'S HOSPITAL 915 EAST FIRST STREET DULUTH,MN55805	NONE	PC	GENERAL OPERATING	158,344
YOUNG MEN'S CHRISTIAN ASSOCIATION 302 WEST FIRST STREET DULUTH,MN55802	NONE	PC	GENERAL OPERATING	73,094
YOUNG WOMEN'S CHRISTIAN ASSOCIATION 32 E FIRST ST SUITE 202 DULUTH,MN55802	NONE	PC	GENERAL OPERATING	73,094
Total ................................. 3a				1,046,973

bApproved for future payment

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

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	469,985
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	969,230
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	303,094
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aDU NORD ROYALTY IN			1	244
bWAYLAND ROYALTY IN			1	1,466
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,744,019

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

1,744,019

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

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

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
262028855 DRIEHAUS ACTIVE INCO	155,081	138,710
670678234 NUVEEN HIGH INCOME B
670678648 NUVEEN SHORT TERM BO	1,193,909	1,171,022
464288687 ISHARES S P U S PRE
693390700 PIMCO TOTAL RETURN F
68381K606 OPPENHEIMER SENIOR F	200,000	188,698
92837F821 VIRTUS SEIX US GOV S	452,118	450,835
20451PSH0 COMPASS BK BIRMI C D
670690387 NUVEEN INFLATION PRO	300,000	289,776
912796QY8 U S TREASURY BILL	248,599	249,180
63872T620 LOOMIS SAYLES STRATE	147,000	142,685
46429B655 ISHARES FLOATING RAT	425,313	421,463
912796RB7 U S TREASURY BILL	248,493	248,825

Name of Stock	End of Year Book Value	End of Year Fair Market Value
086516101 BEST BUY CO INC	6,227	13,981
580135101 MCDONALDS CORP	41,802	202,607
670678507 NUVEEN REAL ESTATE S	947,882	831,865
747525103 QUALCOMM INC	53,743	68,064
009279100 AIRBUS GROUP NV A D
713448108 PEPSICO INC	65,884	123,848
681919106 OMNICOM GROUP INC	33,962	58,592
717081103 PFIZER INC	103,746	176,259
404280406 HSBC HOLDINGS PLC SP
606783207 MITSUBISHI ESTATE LT
369550108 GENERAL DYNAMICS COR	25,151	31,128
31428X106 FED EX CORP	22,360	32,266
771195104 ROCHE HOLDINGS LTD S
92939U106 WEC ENERGY GROUP INC	20,743	27,704
30231G102 EXXON MOBIL CORP	47,569	52,643
780249108 KONINKLIJKE DSM NV A
684060106 ORANGE SPON A D R
983919101 XILINX INC	9,719	18,823
05946K101 BANCO BILBAO VIZCAYA
68389X105 ORACLE CORPORATION	41,538	117,390
922908710 VANGUARD 500 INDEX A	1,700,000	1,938,744
88579Y101 3M CO	49,959	103,463
548661107 LOWES CO INC	39,650	102,612
780259206 ROYAL DUTCH SHELL PL
806857108 SCHLUMBERGER LTD	24,420	11,690
92343V104 VERIZON COMMUNICATIO	49,647	84,330
060505104 BANK OF AMERICA CORP	8,675	8,525
446150104 HUNTINGTON BANCSHARE	13,874	18,500
125896100 C M S ENERGY CORP	12,816	18,817
003021714 ABERDEEN FDS EMRGN	150,000	136,602
464287465 ISHARES MSCI EAFE ET	251,155	204,966
69331C108 PG E CORP	29,743	19,000
949746101 WELLS FARGO CO	44,458	64,051
913017109 UNITED TECHNOLOGIES	19,422	63,888
126650100 CVS HEALTH CORPORATI	37,696	53,006
037833100 APPLE INC	44,883	78,397
693506107 P P G INDS INC	7,206	11,143
963320106 WHIRLPOOL CORP	11,734	10,473
760759100 REPUBLIC SVCS INC	25,796	86,508
17275R102 CISCO SYSTEMS INC	104,783	156,638
23304Y100 DBS GROUP HLDGS LTD
65339F101 NEXTERA ENERGY INC	33,442	64,835
23328E106 DNB ASA SPONSOR A D
907818108 UNION PACIFIC CORP	25,040	37,737
194162103 COLGATE PALMOLIVE CO	18,147	16,130
539830109 LOCKHEED MARTIN CORP	30,527	31,421
37045V100 GENERAL MOTORS CO	3,891	3,345
G6518L108 NIELSEN HOLDINGS PLC
233331107 D T E ENERGY CO	14,946	19,854
247361702 DELTA AIR LINES INC	11,587	14,421
83175M205 SMITH NEPHEW P L C
780641205 KONINKLIJKE ROYAL KP
254687106 DISNEY WALT CO	23,649	24,233
98956P102 ZIMMER BIOMET HOLDIN	18,870	25,930
695156109 PACKAGING CORP AMERI	18,969	23,536
02319V103 AMBEV SA SPN A D R
96145D105 WESTROCK CO	11,432	12,801
74005P104 PRAXAIR INC
958102105 WESTERN DIGITAL CORP	8,755	6,692
641233200 NEUBERGER BERMAN GEN	130,000	184,525
22160K105 COSTCO WHSL CORP	30,886	122,226
38141W398 GOLDMAN SACHS M C VA	100,000	86,688
438516106 HONEYWELL INTERNATIO	25,832	35,144
31620M106 FIDELITY NATL INFORM	9,262	28,817
40434L105 HP INC	34,791	48,081
02209S103 ALTRIA GROUP INC	38,232	43,908
493267108 KEYCORP	15,424	18,150
571748102 MARSH MCLENNAN COS I	25,986	34,532
20030N101 COMCAST CORP CL A	39,814	35,446
150870103 CELANESE CORP SER A	9,629	13,136
337738108 FISERV INC	17,382	117,584
594918104 MICROSOFT CORP	124,873	375,606
46115H107 INTESA SANPAOLO A D
38141G104 GOLDMAN SACHS GROUP
654106103 NIKE INC	24,058	118,624
458140100 INTEL CORP	35,064	71,240
N00985106 AERCAP HOLDINGS NV
61166W101 MONSANTO CO
166764100 CHEVRON CORPORATION	32,630	31,984
020002101 ALLSTATE CORP	28,809	49,578
718172109 PHILIP MORRIS INTL	37,641	25,369
144430204 CARREFOUR SA SP A D
813113206 SECOM COMPANY LIMITE
91324P102 UNITED HEALTH GROUP	19,239	59,540
29286D105 ENGIE A D R
20825C104 CONOCOPHILLIPS	30,358	52,062
00287Y109 ABBVIE INC	15,345	23,785
12562Y100 CK HUTCHISON HOLDING
G5960L103 MEDTRONIC PLC	22,124	26,287
126408103 CSX CORP	12,403	29,947
G47791101 INGERSOLL RAND PLC	20,554	26,001
22822V101 CROWN CASTLE INTL CO	3,133	3,476
754730109 RAYMOND JAMES FINL I	17,050	21,579
779556109 ROWE T PRICE MID-CAP	50,000	74,897
054536107 AXA A D R
46625H100 J P MORGAN CHASE CO	38,048	54,667
689164101 OTSUKA HOLDINGS LTD
89151E109 TOTAL SA SPON A D R
478160104 JOHNSON JOHNSON	87,311	162,732
H1467J104 CHUBB LTD	58,442	106,832
48137C108 JULIUS BAER GROUP LT
718546104 PHILLIPS 66	22,970	51,173
G1151C101 ACCENTURE PLC CL A	53,987	198,119
464287234 ISHARES MSCI EMERGIN	443,984	441,378
882508104 TEXAS INSTRUMENTS IN	110,716	154,886
931142103 WAL MART STORES INC	53,000	102,465
00206R102 ATT INC	105,401	96,437
609207105 MONDELEZ INTERNATION	19,442	18,214
G29183103 EATON CORP PLC	19,423	23,413
05545E209 B H P BILLITON PLC S
69832A205 PANASONIC CORP A D R
142795202 CARLSBERG AS A D R
268780103 E ON AG A D R
09247X101 BLACKROCK INC	15,069	22,784
072730302 BAYER AG A D R
23283R100 CYRUSONE INC	24,775	22,791
297284200 ESSILOR INTL A D R
876568502 TATA MOTORS LTD A D
81783H105 SEVEN I HLDGS UNSPN
742718109 PROCTER GAMBLE CO	7,144	7,446
264411505 DUKE REALTY CORPORAT
922908553 VANGUARD REIT ETF	437,662	395,892
00089H106 ACS ACTIVIDADES CONS
025537101 AMERICAN ELECTRIC PO	5,120	6,054
494368103 KIMBERLY CLARK CORP	5,048	4,672
532457108 ELI LILLY CO	5,275	7,522
053015103 AUTOMATIC DATA PROCE	5,074	6,687
872540109 TJX COMPANIES INC	2,488	2,953
665859104 NORTHERN TR CORP
464288778 ISHARES DOW JONES US	8,187	6,852
922908645 VANGUARD MID-CAP IND	960,000	978,536
460690100 INTERPUBLIC GROUP CO
464288448 ISHARES INTERNATIONA	450,821	390,341
136385101 CANADIAN NATURAL RES
539439109 LLOYDS BANKING GROUP
86562M209 SUMITOMO MITSUI FINL
251542106 DEUTSCHE BOERSE AG U
056752108 BAIDU COM INC A D R
887317303 TIME WARNER INC
03027X100 AMERICAN TOWER CORP
29472R108 EQUITY LIFESTYLE PPT
N53745100 LYONDELLBASELL INDUS	4,634	3,909
12572Q105 CME GROUP INC	25,265	29,911
00769G543 CAMBIAR INTL EQUITY	391,787	372,109
075887109 BECTON DICKINSON AND	14,435	18,702
G0177J108 ALLERGAN PLC	19,973	15,104
460146103 INTERNATIONAL PAPER
835495102 SONOCO PRODS CO	4,175	4,144
693475105 P N C FINANCIAL SERV	8,450	7,833
867224107 SUNCOR ENERGY INC	4,832	4,196
Y09827109 PAVONIA LTD
002824100 ABBOTT LABORATORIES	17,122	31,464
922908686 VANGUARD SMALL CAP I	94,584	94,271
09253F408 ISHARES MSCI EAFE IN	720,000	639,273
500458401 KOMATSU LTD A D R RE
001317205 AIA GROUP LTD ADR
097023105 BOEING CO	3,526	6,450
110122108 BRISTOL MYERS SQUIBB	5,341	4,938
487836108 KELLOGG CO	9,138	7,981
482480100 KLA TENCOR CORPORATI	3,950	3,401
74460D109 PUBLIC STORAGE INC	5,412	5,060
297178105 ESSEX PPTY TR INC
74144T108 T ROWE PRICE GROUP I	2,794	3,693
30040W108 EVERSOURCE ENERGY	4,509	5,138
890880206 TORAY INDUSTRIES INC
231021106 CUMMINS INC	5,122	4,276
437076102 HOME DEPOT INC	10,299	12,543
054937107 B B T CORP	8,524	7,451
25746U109 DOMINION RESOURCES I	2,335	2,287
58933Y105 MERCK AND CO INC	16,574	19,255
26078J100 DOWDUPONT INC	6,468	5,615
854502101 STANLEY BLACK DECKER
253868103 DIGITAL REALTY TRUST	4,346	4,369
G25839104 COCA COLA EUROREAN P
23355L106 DXC TECHNOLOGY CO	8,252	10,687
03938L203 ARCELORMITTAL CLASS
31188H101 FAST RETAILING CO UN
370334104 GENERAL MILLS INC
701094104 PARKER HANNIFIN CORP	4,641	4,474
91913Y100 VALERO ENERGY CORP	5,042	5,548
94106L109 WASTE MGMT INC	6,027	7,564
110448107 BRITISH AMERN TOB PL
05523R107 B A E SYSTEMS P L C
064058100 BANK OF NEW YORK MEL	7,627	6,543
756109104 REALTY INCOME CORP	20,816	23,199
023608102 AMEREN CORP	4,797	5,414
G5494J103 LINDE PLC	16,063	19,817
11135F101 BROADCOM INC	4,725	5,848
427866108 THE HERSHEY COMPANY	3,132	3,215
922038203 VANGUARD GLOBAL EQUI	900,000	755,903
143658300 CARNIVAL CORP	16,515	12,424
071813109 BAXTER INTERNATIONAL	3,442	3,423
76118Y104 RESIDEO TECHNOLOGIES	9	14
375558103 GILEAD SCIENCES INC	3,483	2,877
921910501 VANGUARD INTL GRWTH	500,000	399,980
459200101 INTERNATIONAL BUSINE	7,937	6,025
74251V102 PRINCIPAL FINANCIAL	4,481	3,489
512807108 LAM RESEARCH CORP	3,448	3,268
98389B100 X CEL ENERGY INC	4,160	4,336

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
99MIN76Y9 VARIOUS MINERAL INTE	AT COST	2,817,746	4,346,673
265991109 DU NORD LAND CO LLC	AT COST	334	892
97MSCPEJ7 WAYLAND LAND, LLC	AT COST		4,442

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA	23,887			23,887
LEGAL FEES - INCOME (ALLOCABLE	39,287			39,287

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
STATE FILING FEE/TAXES	25	0	25
ADR FEES	1,517	1,517	0
Rent and Royalty Expense	64,067

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
DU NORD ROYALTY INCOME	244	244
WAYLAND ROYALTY INCOME	1,466	1,466

Category	Amount	Net Investment Income
FOREIGN TAXES	12,702	12,702
FEDERAL ESTIMATES - PRINCIPAL	29,963	0
FOREIGN TAXES ON NONQUALIFIED	1,107	1,107