Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
DR ARTHUR J & HELEN M HORVAT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

23-6846849
B Telephone number (see instructions)

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$5,026,419J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 132,423 132,423  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 176,224
b Gross sales price for all assets on line 6a 2,816,805
7 Capital gain net income (from Part IV, line 2)... 176,224
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 308,647 308,647  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 84,766 84,766   84,766
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... 428     428
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... 489     489
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 41,494 3,247   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)....... 9 9    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 127,186 88,022 0 85,683
25 Contributions, gifts, grants paid....... 212,990 212,990
26 Total expenses and disbursements. Add lines 24 and 25 340,176 88,022 0 298,673
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -31,529
b Net investment income (if negative, enter -0-) 220,625
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 6,417 13,260 13,260
2 Savings and temporary cash investments......... 129,703 241,237 241,237
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 52    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,859,064 3,594,880 3,390,573
c Investments—corporate bonds (attach schedule)....... 1,300,131 1,255,569 1,243,555
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   158,002 137,794
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) 5,295,367 5,262,948 5,026,419
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 5,295,367 5,262,948
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 5,295,367 5,262,948
31 Total liabilities and net assets/fund balances (see instructions). 5,295,367 5,262,948
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,295,367
2
Enter amount from Part I, line 27a .....................
2
-31,529
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,263,838
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
890
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,262,948
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 13098.065 JANUS HENDERSON INTERNATIONAL OPPT I CUSIP CHG TO 47103X278   2017-06-23 2018-01-09
b 2539.047 JANUS HENDERSON INTERNATIONAL OPPT I CUSIP CHG TO 47103X278 E   2017-09-06 2018-01-09
c 459.76 FED HOME LOAN MTG CORP POOL# G08770 DTD 06/01/2017 3.5% 07/01/2   2017-07-07 2018-01-16
d 496.51 FED HOME LOAN MTG CORP POOL# G08771 DTD 06/01/2017 4% 07/01/204   2017-11-28 2018-01-16
e 339.37 FED HOME LOAN MTG CORP POOL# G08774 DTD 07/01/2017 3.5% 08/01/2   2017-07-07 2018-01-16
331.21 FED HOME LOAN MTG CORP POOL #G08697 DTD 03/01/2016 3% 03/01/204   2017-07-06 2018-01-16
532.44 FED HOME LOAN MTG CORP POOL# G08706 DTD 05/01/2016 3.5% 05/01/2   2017-07-06 2018-01-16
430.48 FED HOME LOAN MTG CORP POOL# G08761 DTD 04/01/2017 3.5% 05/01/2   2017-07-06 2018-01-16
406.84 FED HOME LOAN MTG CORP POOL# G08748 DTD 01/01/2017 3.5% 02/01/2   2017-07-06 2018-01-16
671.1 FED HOME LOAN MTG CORP POOL# G08752 DTD 02/01/2017 4% 03/01/2047   2017-07-06 2018-01-16
513.5 FED HOME LOAN MTG CORP POOL #G18605 DTD 6/1/2016 3% 06/01/2031   2017-09-21 2018-01-16
718.96 FED NATL MTG ASSN POOL# MA2960 DTD 03/01   2017-07-06 2018-01-25
30815.69 FED HOME LOAN MTG CORP POOL #G18605 DTD 6/1/2016 3% 06/01/203   2017-09-21 2018-02-01
360. DR PEPPER SNAPPLE GROUP INC   2017-06-23 2018-02-02
45882.28 FED HOME LOAN MTG CORP POOL# G08761 DTD 04/01/2017 3.5% 05/01   2017-07-06 2018-02-07
388.86 FED HOME LOAN MTG CORP POOL# G08770 DTD 06/01/2017 3.5% 07/01/2   2017-07-07 2018-02-15
389.51 FED HOME LOAN MTG CORP POOL# G08771 DTD 06/01/2017 4% 07/01/204   2017-11-28 2018-02-15
362.67 FED HOME LOAN MTG CORP POOL# G08774 DTD 07/01/2017 3.5% 08/01/2   2017-07-07 2018-02-15
277.86 FED HOME LOAN MTG CORP POOL #G08697 DTD 03/01/2016 3% 03/01/204   2017-07-06 2018-02-15
449.56 FED HOME LOAN MTG CORP POOL# G08706 DTD 05/01/2016 3.5% 05/01/2   2017-07-06 2018-02-15
399.12 FED HOME LOAN MTG CORP POOL# G08761 DTD 04/01/2017 3.5% 05/01/2   2017-07-06 2018-02-15
399.97 FED HOME LOAN MTG CORP POOL# G08748 DTD 01/01/2017 3.5% 02/01/2   2017-07-06 2018-02-15
603.57 FED HOME LOAN MTG CORP POOL# G08752 DTD 02/01/2017 4% 03/01/204   2017-07-06 2018-02-15
563.08 FED NATL MTG ASSN POOL# MA2960 DTD 03/01   2017-07-06 2018-02-26
481.63 FED HOME LOAN MTG CORP POOL #G18605 DTD 6/1/2016 3% 06/01/2031   2017-09-21 2018-02-28
30000. US TREASURY BILL DTD 03/02/2017 0% 03/01   2018-02-02 2018-03-01
45000. US TREASURY BILL DTD 03/02/2017 0% 03/01   2018-02-08 2018-03-01
115. JOHNSON + JOHNSON COM STK   2017-06-23 2018-03-12
470. TORCHMARK CORP   2017-06-23 2018-03-12
105. UNITEDHEALTH GROUP   2011-07-11 2018-03-12
294.54 FED HOME LOAN MTG CORP POOL# G08770 DTD 06/01/2017 3.5% 07/01/2   2017-07-07 2018-03-15
46993.02 FED HOME LOAN MTG CORP POOL# G08770 DTD 06/01/2017 3.5% 07/01   2017-07-07 2018-03-15
276.38 FED HOME LOAN MTG CORP POOL# G08771 DTD 06/01/2017 4% 07/01/204   2017-11-28 2018-03-15
32121.69 FED HOME LOAN MTG CORP POOL# G08771 DTD 06/01/2017 4% 07/01/2   2017-11-28 2018-03-15
272.53 FED HOME LOAN MTG CORP POOL# G08774 DTD 07/01/2017 3.5% 08/01/2   2017-07-07 2018-03-15
47668.09 FED HOME LOAN MTG CORP POOL# G08774 DTD 07/01/2017 3.5% 08/01   2017-07-07 2018-03-15
257.09 FED HOME LOAN MTG CORP POOL #G08697 DTD 03/01/2016 3% 03/01/204   2017-07-06 2018-03-15
39985.55 FED HOME LOAN MTG CORP POOL #G08697 DTD 03/01/2016 3% 03/01/2   2017-07-06 2018-03-15
421.47 FED HOME LOAN MTG CORP POOL# G08706 DTD 05/01/2016 3.5% 05/01/2   2017-07-06 2018-03-15
39229.01 FED HOME LOAN MTG CORP POOL# G08706 DTD 05/01/2016 3.5% 05/01   2017-07-06 2018-03-15
377.37 FED HOME LOAN MTG CORP POOL# G08748 DTD 01/01/2017 3.5% 02/01/2   2017-07-06 2018-03-15
44979.66 FED HOME LOAN MTG CORP POOL# G08748 DTD 01/01/2017 3.5% 02/01   2017-07-06 2018-03-15
475.19 FED HOME LOAN MTG CORP POOL# G08752 DTD 02/01/2017 4% 03/01/204   2017-07-06 2018-03-15
42428.11 FED HOME LOAN MTG CORP POOL# G08752 DTD 02/01/2017 4% 03/01/2   2017-07-06 2018-03-15
75000. US TREASURY BILL DTD 09/14/2017 0% 03/15   2018-02-28 2018-03-15
43407.9 FED NATL MTG ASSN POOL# MA2960 DTD 03/01   2017-07-06 2018-03-20
553.96 FED NATL MTG ASSN POOL# MA2960 DTD 03/01   2017-07-06 2018-03-26
25000. US TREASURY NOTE DTD 05/31/2011 2.375% 0   2017-06-29 2018-04-23
250. BEMIS INC   2017-06-23 2018-05-29
150. MEDNAX INC COMMON   2017-06-23 2018-05-29
180. MEREDITH CORP   2017-06-23 2018-05-29
85. TUPPERWARE CORP COMMON   2017-06-23 2018-05-29
20000. US TREASURY NOTE DTD 05/31/2011 2.375% 0   2017-06-29 2018-05-31
19143.336 GOLDMAN SACHS SATELLITE STRATEGIES PORTF   2017-06-23 2018-06-15
25000. US TREASURY NOTE DTD 06/30/2014 1.625% 0   2017-06-29 2018-06-20
42000. MERCK & CO INC DTD 12/10/2010 3.875% 01/   2017-06-29 2018-07-06
40000. FED NATL MTG ASSN 1.625% 11/27/18   2017-06-29 2018-07-17
22000. OCCIDENTAL PETROLEUM COR DTD 12/16/2010   2017-06-29 2018-07-24
19003.091 GOLDMAN SACHS SATELLITE STRATEGIES PORTF   2017-06-23 2018-07-25
22000. APPLE INC DTD 05/06/2014 3.45% 05/06/202   2017-06-29 2018-08-16
18000. HOME DEPOT INC DTD 12/19/2006 5.875% 12/   2017-06-29 2018-08-16
45. ABBVIE INC   2017-11-21 2018-08-17
30. AMERICAN EXPRESS CO COM STK*   2017-11-21 2018-08-17
65. APPLE COMPUTER COM   2011-07-11 2018-08-17
85. AVERY DENNISON CORP   2017-06-23 2018-08-17
10. BIG LOTS, INC   2017-06-23 2018-08-17
20. BROADRIDGE FINANCIAL SOLUTIONS INC   2017-06-23 2018-08-17
35. BROWN & BROWN INC   2017-06-23 2018-08-17
5. BRUNSWICK CORPORATION COMMON   2018-05-29 2018-08-17
80. CH ROBINSON WORLDWIDE INC   2017-06-23 2018-08-17
10. CARLISLE COMMON   2017-06-23 2018-08-17
10. CARTERS INC COMMON   2017-08-10 2018-08-17
10. CHARLES RIV LABORATORIES INTL INC COM   2017-07-06 2018-08-17
15. CHEESECAKE FACTORY COMMON   2017-06-23 2018-08-17
25. CHURCH & DWIGHT CO   2017-06-23 2018-08-17
15. CIRRUS LOGIC COMMON   2017-06-23 2018-08-17
230. CISCO SYS INC   2013-03-25 2018-08-17
90. COLGATE-PALMOLIVE CO COM STK   2017-06-23 2018-08-17
35. COMMERCE BANCSHARES, INC.   2017-06-23 2018-08-17
25. CONVERGYS CORP   2017-06-23 2018-08-17
5. CRACKER BARREL OLD COUNTRY STORE COMMON   2017-06-23 2018-08-17
15. CURTISS WRIGHT CORP   2017-06-23 2018-08-17
25. DE LUXE CHECK PRINTERS INCORPORATED   2017-06-23 2018-08-17
110. DISCOVER FINL SVCS   2017-06-23 2018-08-17
20. EAST WEST BANCORP INC COMMON   2017-06-23 2018-08-17
35. EXXON MOBIL CORP   2016-09-07 2018-08-17
10. FLIR SYSTEMS INC COMMON   2017-11-21 2018-08-17
20. FACEBOOK INC CL A   2018-03-12 2018-08-17
15. GALLAGHER ARTHUR J   2017-06-23 2018-08-17
10. GENTEX CORP COM   2018-05-29 2018-08-17
75. GENUINE PARTS CO   2017-06-23 2018-08-17
65. GILEAD SCIENCES INC   2013-03-25 2018-08-17
35. HANESBRANDS INC   2017-06-23 2018-08-17
10. HOLLYFRONTIER CORP   2017-11-21 2018-08-17
25. GEO. A. HORMEL & CO*   2017-06-23 2018-08-17
5. HUBBELL INC COMMON   2017-06-23 2018-08-17
190. INTEL CORP   2017-06-23 2018-08-17
10. INTERDIGITAL INC COMMON   2017-06-23 2018-08-17
35. JOHNSON + JOHNSON COM STK   2017-06-23 2018-08-17
15. J2 GLOBAL, INC. COMMON   2017-06-23 2018-08-17
25. LAM RESH CORP   2017-08-08 2018-08-17
20. LAMAR ADVERTISING CO   2017-06-23 2018-08-17
5. MANPOWER INC WIS COMMON   2017-06-23 2018-08-17
125. MARSH & MCLENNAN COS INC   2017-06-23 2018-08-17
55. MCDONALD'S CORP   2017-06-23 2018-08-17
125. MICROSOFT CORP   1995-08-28 2018-08-17
65. PEPSICO INC   2017-06-23 2018-08-17
30. RPM INC OHIO COM   2017-06-23 2018-08-17
50. RAYTHON COMPANY   2017-06-23 2018-08-17
15. RESMED, INC.   2017-06-23 2018-08-17
25. SCHLUMBERGER LTD COMMON   2013-03-25 2018-08-17
10. SONOCO PRODUCTS COMPANY   2018-05-29 2018-08-17
30. STANLEY BLACK & DECKER INC   2017-06-23 2018-08-17
15. SYNOPSYS INC.   2017-06-23 2018-08-17
10. SYNNEX CORP COMMON   2017-06-23 2018-08-17
80. TJX COMPANIES   2011-07-11 2018-08-17
25. 3M COMPANY COMMON   2017-06-23 2018-08-17
5. TORO COMPANY COMMON   2017-06-23 2018-08-17
55. TYSON FOODS INC INC. COMMON   2018-02-02 2018-08-17
15. UGI CORP COM   2017-06-23 2018-08-17
175. US BANCORP   2017-06-23 2018-08-17
55. UNION PACIFIC CORP COMMON STO*   2013-03-25 2018-08-17
10. UNITED THERAPEUTICS CORP DEL   2017-06-23 2018-08-17
30. UNITEDHEALTH GROUP   2014-03-12 2018-08-17
10. URBAN OUTFITTERS INC COMMON   2018-05-29 2018-08-17
85. V F CORP COMMON   2017-06-23 2018-08-17
35. VALERO ENERGY CORP NEW COM   2017-11-21 2018-08-17
75. VARIAN MED SYS INC   2017-06-23 2018-08-17
25. VERIZON COMMUNICATIONS   2017-06-23 2018-08-17
65. WALGREENS BOOTS ALLIANCE INC   2017-06-23 2018-08-17
10. WATSCO INC CL A   2017-06-23 2018-08-17
5. WINTRUST CORP   2017-11-21 2018-08-17
25. WORTHINGTON INDUSTRIES, INC   2017-06-23 2018-08-17
50. ACCENTURE PLC IRELAND SHS   2017-06-23 2018-08-17
90. TE CONNECTIVITY LTD   2016-11-09 2018-08-17
642.218 CONESTOGA SMALL CAP-INST   2017-06-23 2018-08-20
571.215 MFS NEW DISCOVERY VALUE-I   2017-06-23 2018-08-20
40.643 T ROWE PRICE INTL DISC-I CLOSE TO NEW WA   2017-06-23 2018-08-20
20000. US TREASURY NOTE DTD 06/30/2014 1.625% 0   2017-06-29 2018-08-30
35000. JPMORGAN CHASE & CO 4.250% 10/15/20   2017-06-29 2018-09-20
21000. MANULIFE FINL CORP DTD 03/04/2016 4.15%   2017-06-29 2018-09-20
46000. TARGET CORP 2.900% 01/15/22   2017-06-29 2018-09-20
85. APPLE COMPUTER COM   2011-07-11 2018-09-24
16000. BP CAPITAL MARKETS PLC DTD 09/16/2016 3.   2017-08-08 2018-09-24
190. MICROSOFT CORP   1995-08-28 2018-09-24
200. STANLEY BLACK & DECKER INC   2017-06-23 2018-09-24
26000. VISA INC DTD 12/14/2015 2.8% 12/14/2022   2017-06-29 2018-09-28
21000. PNC FUNDING CORP DTD 02/08/10 5.125% 02/   2017-06-29 2018-10-11
31000. BERKSHIRE HATHAWAY INC DTD 3/15/2016 3.1   2017-06-29 2018-10-17
.418 SYNNEX CORP COMMON   2017-06-23 2018-10-31
55. CHURCH & DWIGHT CO   2017-06-23 2018-11-16
25. FLIR SYSTEMS INC COMMON   2017-11-21 2018-11-16
355. HANESBRANDS INC   2017-06-23 2018-11-16
75. HOLLYFRONTIER CORP   2017-11-21 2018-11-16
30. GEO. A. HORMEL & CO*   2017-06-23 2018-11-16
95. INTERDIGITAL INC COMMON   2017-06-23 2018-11-16
75. SYNOPSYS INC.   2017-06-23 2018-11-16
70. WINTRUST CORP   2017-11-21 2018-11-16
120. WORTHINGTON INDUSTRIES, INC   2017-06-23 2018-11-16
245. AVERY DENNISON CORP   2017-06-23 2018-11-27
497. GILEAD SCIENCES INC   2017-03-24 2018-11-27
310. MARSH & MCLENNAN COS INC   2017-06-23 2018-11-27
80. MCDONALD'S CORP   2017-06-23 2018-11-27
90. RAYTHON COMPANY   2017-06-23 2018-11-27
162. SCHLUMBERGER LTD COMMON   2013-03-25 2018-11-27
10. 3M COMPANY COMMON   2017-06-23 2018-11-27
20. 3M COMPANY COMMON   2017-06-23 2018-11-27
500. TYSON FOODS INC INC. COMMON   2018-02-02 2018-11-27
575. US BANCORP   2017-06-23 2018-11-27
105. V F CORP COMMON   2017-06-23 2018-11-27
.95 COMMERCE BANCSHARES, INC.   2018-12-17 2018-12-17
2158.659 DFA COMMODITY STRATEGY PORT   2018-06-15 2018-12-17
2172.154 OAKMARK INTERNATIONAL-INST   2018-01-09 2018-12-17
2630.662 IVY INTERNATIONAL CORE EQUITY FUND CLASS   2017-06-23 2018-12-17
375.329 LAZARD GLOBAL LISTED INFRASTRUCTURE PORT   2018-07-25 2018-12-17
77.16 T ROWE PRICE INTL DISC-I CLOSE TO NEW WA   2017-06-23 2018-12-17
1565.772 VANGUARD MORTGAGE BACKED SECURITIES INDE   2018-03-14 2018-12-17
8000. MERCK & CO INC DTD 12/10/2010 3.875% 01/   2017-06-29 2018-12-18
10000. US TREASURY BOND DTD 02/15/2006 4.5% 02/   2017-06-29 2018-12-18
10000. US TREASURY BOND DTD 02/15/2017 3% 02/15   2017-06-29 2018-12-18
30000. US TREASURY NOTE DTD 06/30/2014 1.625% 0   2017-06-29 2018-12-18
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 403,551   369,627 33,924
b 78,228   73,048 5,180
c 460   473 -13
d 497   521 -24
e 339   349 -10
331   331  
532   548 -16
430   443 -13
407   418 -11
671   707 -36
514   529 -15
719   757 -38
30,975   31,726 -751
42,897   33,418 9,479
46,090   47,187 -1,097
389   400 -11
390   408 -18
363   373 -10
278   277 1
450   463 -13
399   410 -11
400   411 -11
604   636 -32
563   593 -30
482   496 -14
29,977   29,973 4
44,965   44,969 -4
15,258   15,632 -374
40,841   35,535 5,306
23,457   6,122 17,335
295   303 -8
46,920   48,348 -1,428
276   290 -14
32,895   33,678 -783
273   280 -7
47,594   49,039 -1,445
257   257  
38,773   39,923 -1,150
421   434 -13
39,131   40,363 -1,232
377   388 -11
44,867   46,259 -1,392
475   500 -25
43,436   44,682 -1,246
74,963   74,963  
44,330   45,700 -1,370
554   583 -29
25,017   25,259 -242
10,871   11,744 -873
6,947   8,959 -2,012
8,636   10,204 -1,568
3,822   5,951 -2,129
20,000   20,207 -207
156,210   156,210  
24,810   25,126 -316
42,824   44,693 -1,869
39,923   40,192 -269
22,471   23,641 -1,170
155,065   155,065  
22,198   23,054 -856
22,190   23,647 -1,457
4,454   4,271 183
3,092   2,831 261
14,119   3,284 10,835
9,106   7,491 1,615
481   472 9
2,658   1,532 1,126
1,045   756 289
324   315 9
7,766   5,368 2,398
1,251   940 311
1,091   882 209
1,213   1,007 206
770   747 23
1,425   1,329 96
641   994 -353
10,565   4,809 5,756
6,068   6,868 -800
2,479   1,868 611
614   606 8
761   823 -62
1,982   1,365 617
1,464   1,732 -268
8,561   6,599 1,962
1,291   1,127 164
2,742   2,965 -223
601   473 128
3,490   3,707 -217
1,084   856 228
241   233 8
7,420   6,758 662
4,750   3,516 1,234
646   787 -141
686   446 240
964   874 90
616   564 52
8,971   6,506 2,465
815   814 1
4,717   4,758 -41
1,199   1,347 -148
4,256   3,935 321
1,516   1,449 67
441   536 -95
10,504   9,806 698
8,857   8,513 344
13,445   710 12,735
7,475   7,613 -138
1,918   1,640 278
9,961   8,117 1,844
1,605   1,175 430
1,570   1,849 -279
557   515 42
4,241   4,277 -36
1,400   1,120 280
972   1,290 -318
8,019   4,387 3,632
5,119   5,325 -206
300   354 -54
3,436   4,130 -694
831   741 90
9,321   8,918 403
8,230   3,786 4,444
1,258   1,324 -66
7,889   4,585 3,304
466   418 48
7,812   4,788 3,024
3,884   2,925 959
8,332   7,862 470
1,374   1,136 238
4,552   4,960 -408
1,717   1,564 153
452   399 53
1,125   1,130 -5
8,251   6,144 2,107
8,359   6,203 2,156
38,578   29,670 8,908
9,585   8,505 1,080
2,861   2,598 263
19,872   20,101 -229
35,691   37,307 -1,616
21,144   22,378 -1,234
45,599   47,467 -1,868
18,731   4,968 13,763
15,010   15,852 -842
21,781   6,362 15,419
30,273   28,514 1,759
25,488   26,631 -1,143
21,531   22,680 -1,149
29,689   31,521 -1,832
33   54 -21
3,611   2,925 686
1,193   1,183 10
5,291   8,109 -2,818
4,765   3,344 1,421
1,374   1,048 326
7,155   7,676 -521
6,751   5,600 1,151
5,430   5,583 -153
5,049   5,426 -377
22,699   21,592 1,107
33,319   34,717 -1,398
26,464   24,319 2,145
14,685   12,383 2,302
15,314   14,611 703
7,427   12,163 -4,736
2,003   2,130 -127
4,006   4,260 -254
29,272   37,545 -8,273
30,804   29,302 1,502
8,268   5,915 2,353
51   55 -4
11,916   12,952 -1,036
44,486   63,796 -19,310
40,644   50,456 -9,812
5,656   6,080 -424
4,262   4,932 -670
32,067   32,224 -157
8,138   8,513 -375
12,123   12,922 -799
9,817   10,324 -507
29,851   30,151 -300
      72,133
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       33,924
b       5,180
c       -13
d       -24
e       -10
       
      -16
      -13
      -11
      -36
      -15
      -38
      -751
      9,479
      -1,097
      -11
      -18
      -10
      1
      -13
      -11
      -11
      -32
      -30
      -14
      4
      -4
      -374
      5,306
      17,335
      -8
      -1,428
      -14
      -783
      -7
      -1,445
       
      -1,150
      -13
      -1,232
      -11
      -1,392
      -25
      -1,246
       
      -1,370
      -29
      -242
      -873
      -2,012
      -1,568
      -2,129
      -207
       
      -316
      -1,869
      -269
      -1,170
       
      -856
      -1,457
      183
      261
      10,835
      1,615
      9
      1,126
      289
      9
      2,398
      311
      209
      206
      23
      96
      -353
      5,756
      -800
      611
      8
      -62
      617
      -268
      1,962
      164
      -223
      128
      -217
      228
      8
      662
      1,234
      -141
      240
      90
      52
      2,465
      1
      -41
      -148
      321
      67
      -95
      698
      344
      12,735
      -138
      278
      1,844
      430
      -279
      42
      -36
      280
      -318
      3,632
      -206
      -54
      -694
      90
      403
      4,444
      -66
      3,304
      48
      3,024
      959
      470
      238
      -408
      153
      53
      -5
      2,107
      2,156
      8,908
      1,080
      263
      -229
      -1,616
      -1,234
      -1,868
      13,763
      -842
      15,419
      1,759
      -1,143
      -1,149
      -1,832
      -21
      686
      10
      -2,818
      1,421
      326
      -521
      1,151
      -153
      -377
      1,107
      -1,398
      2,145
      2,302
      703
      -4,736
      -127
      -254
      -8,273
      1,502
      2,353
      -4
      -1,036
      -19,310
      -9,812
      -424
      -670
      -157
      -375
      -799
      -507
      -300
       
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 2 176,224
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 133,105 5,468,268 0.024341
2016 241,065 5,051,988 0.047717
2015 314,989 5,321,890 0.059187
2014 317,775 5,595,818 0.056788
2013 267,835 5,366,927 0.049905
2
Total of line 1, column (d) .....................
2
0.237938
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
0.047588
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
5,443,402
5
Multiply line 4 by line 3......................
5
259,041
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,206
7
Add lines 5 and 6........................
7
261,247
8
Enter qualifying distributions from Part XII, line 4,.............
8
298,673
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 2,206
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,206
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,206
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 19,310
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 19,310
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 17,104
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,208 RefundedBullet 11 14,896
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING AND TRUST CO Telephone no.bullet (610) 371-2091

    Located atbulletPO BOX 2907 - TRUST TAX DEPTWILSONNC ZIP+4bullet278942907
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Branch Banking Trust Co Co-trustee
    40     		51,566    
    PO Box 2907 - Trust Tax Dept
    Wilson,NC278942907
    John R Saurman Co-Trustee
    2     		10,000    
    8368 Fisher Road
    Elkins,PA19027
    Nicholas D Tellie Esq Co-trustee
    2     		10,000    
    310 East Drinker Street
    Dunmore,PA18512
    Rose Ann Lavelle Schlarship Committee
    2     		6,600    
    118 Grandview Drive
    Pittston,PA18640
    Donald H Keffer Scholarship Committe
    2     		6,600    
    56 Ann Drive
    Danville,PA17821
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,411,145
    b
    Average of monthly cash balances.......................
    1b
    115,151
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,526,296
    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
    5,526,296
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    82,894
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,443,402
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    272,170
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    272,170
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,206
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,206
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    269,964
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    269,964
    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
    269,964
    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
    298,673
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    298,673
    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
    2,206
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    296,467
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 269,964
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 113,181
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 298,673
    a Applied to 2017, but not more than line 2a 113,181
    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..... 185,492
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		84,472
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DR ARTHUR HELEN HORVAT FDN SCHOLA
    4320-G WADE HAMPTON BLVD
    TAYLORS,SC29687
    (866) 608-0001
    bThe form in which applications should be submitted and information and materials they should include:
    VISIT WWW.CSASCHOLARS.ORG FOR A DETAILED LISTING OF REQUIREMENTS
    cAny submission deadlines:
    APRIL 15 ANNUALLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    VISIT WWW.CSASCHOLARS.OR FOR A LISTING OF RESTRICTIONS AND LIMITATION
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    KINGS COLLEGE
    56 BROADWAY 5TH FLOOR
    NEW YORK,NY10004     		NONE PC SCHOLARSHIPS 6,750
    Kutztown University
    15200 KUTZTOWN RD
    Kutztown,PA19530     		NONE PC SCHOLARSHIPS 3,750
    Arcadia University
    450 SOUTH EASTON ROAD
    Glenside,PA19038     		NONE PC SCHOLARSHIPS 3,750
    Thomas Jefferson University
    SIDNEY KIMMEL MEDICAL COLLEGE
    Philadelphia,PA19107     		NONE PC SCHOLARSHIPS 5,000
    UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST STE 427
    PHILADELPHIA,PA191046205     		NONE PC SCHOLARSHIPS 3,750
    Temple University
    1852 NORTH 10 STREET
    Philadelphia,PA19122     		NONE PC SCHOLARSHIPS 26,750
    Dickerson College
    PO BOX 1773
    Carlisle,PA17013     		NONE PC SCHOLARSHIPS 8,000
    ALVERNIA UNIVERSITY
    540 UPLAND AVENUE
    READING,PA19611     		NONE PC SCHOLARSHIPS 2,500
    Drexel University
    3141 CHESTNUT STREET SUITE 225
    Philadelphia,PA19104     		NONE PC SCHOLARSHIPS 16,250
    Misericordia College
    301 LAKE STREET
    Dallas,PA18612     		NONE PC SCHOLARSHIPS 42,500
    MARYWOOD UNIVERSITY
    2300 ADAMS AVENUE
    SCRANTON,PA18509     		NONE PC SCHOLARSHIPS 8,000
    University of Scranton
    OFFICE OF UNDERGRADUATE ADMISSIONS
    Scranton,PA18510     		NONE PC SCHOLARSHIPS 9,250
    Wilkes University
    84 W SOUTH ST
    Wilkes Barre,PA18701     		NONE PC SCHOLARSHIPS 19,750
    Penn State University
    UNIVERSITY PARK
    State College,PA16801     		NONE PC SCHOLARSHIPS 32,250
    University of Pittsburgh
    3550 TERRACE ST
    Pittsburgh,PA15261     		NONE PC SCHOLARSHIPS 8,000
    Commonwealth Medical College
    525 PINE STREET
    Scranton,PA18509     		NONE PC SCHOLARSHIPS 12,990
    UNIVERSITY OF FLORIDA
    PO BOX 115500
    GAINESVILLE,FL326115500     		NONE PC SCHOLOARSHIPS 3,750
    Total .................................bullet 3a 212,990
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 132,423  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 176,224  
    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)..   308,647  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    308,647
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 OtherDecreasesSchedule
    Name:
    DR ARTHUR J & HELEN M HORVAT FOUNDATION
    EIN:
    23-6846849
    Description Amount
    MUTUAL FUND ADJUSTMENT 890