Form990-PF
Click to see attachment

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
The Phase Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)2 Executive Park Ct
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Germantown, MD20874
A Employer identification number

52-1611434
B Telephone number (see instructions)

(301) 540-0424
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$4,498,073J 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 2,122 2,122 2,122
4 Dividends and interest from securities... 95,282 95,282 95,282
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -40,874
b Gross sales price for all assets on line 6a 5,754,680
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
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........ 56,530 97,404 97,404
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 24,875     24,875
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,200     4,200
c Other professional fees (attach schedule)....        
17 Interest............... 5,161 5,161 5,161  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,503     5,503
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 24,038     24,038
21 Travel, conferences, and meetings....... 3,110     3,110
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 27,962 27,480 27,480 482
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,849 32,641 32,641 62,208
25 Contributions, gifts, grants paid....... 300,000 300,000
26 Total expenses and disbursements. Add lines 24 and 25 394,849 32,641 32,641 362,208
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -338,319
b Net investment income (if negative, enter -0-) 64,763
c Adjusted net income (if negative, enter -0-)... 64,763
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 796,887 1,366,522 1,366,522
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,677,650 Click to see attachment3,097,891 3,127,450
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 334,725    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,101 Click to see attachment4,101 Click to see attachment4,101
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,813,363 4,468,514 4,498,073
Liabilities 17 Accounts payable and accrued expenses..........   1,750
18 Grants payable................. 285,000 300,000
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)......... 285,000 301,750
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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,528,363 4,166,764
30 Total net assets or fund balances (see instructions)..... 4,528,363 4,166,764
31 Total liabilities and net assets/fund balances (see instructions). 4,813,363 4,468,514
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
4,528,363
2
Enter amount from Part I, line 27a .....................
2
-338,319
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,190,044
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
23,280
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,166,764
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 4,401 IShares Trust Global Finls ETF P 2018-04-18 2018-04-18
b 523 IShares Trust 20 Yr Tr Bd ETF P 2018-02-14 2018-07-23
c 2,461 IShares Trust Barclays 7 10 Yr ETF P 2017-05-31 2018-01-19
d 4,485 IShares Trust Asia 50 ETF P 2018-04-18 2018-12-24
e 6,005 IShares Trust US Regnl Bks ETF P 2018-04-17 2018-04-17
9,073 IShares Trust MSCI UK ETF P 2018-07-23 2018-09-11
2,504 SPDR Series Trust NYSE Tech ETF P 2018-08-06 2018-11-13
8,298 SPDR Series Trust Prtflo S&P500 GW ETF P 2018-09-11 2018-10-10
7,576 SPDR Series Trust Partfolio LN TSR ETF P 2018-06-19 2018-07-23
5,078 SPDR Series Trust Blmbrg Brc Intrm ETF P 2018-04-17 2018-06-04
4,247 SPDR Series Trust S&P400 MDCP GRW ETF P 2018-08-06 2018-10-04
797 SPDR Series Trust Portfolio SH TSR ETF P 2018-06-19 2018-11-20
10,758 Select Sec SPDR Trust SBI Int-Finl ETF P 2018-06-04 2018-07-24
4,790 Select Sec SPDR Tr Tech ETF P 2018-03-01 2018-03-01
13,758 Vaneck Vectors ETF Tr Russia ETF P 2018-04-30 2018-04-30
6,703 Vanguard ST Bond ETF P 2018-06-19 2018-06-19
1,124 Vanguard Int-Term Corp ETF P 2017-06-05 2018-02-14
2,126 IShares Tr 20 YR TR BD ETF P 2017-05-31 2018-07-23
17.987 MS Instl Fd Inc US Real Estate Fd P 2013-12-16 2018-02-14
7,785.798 MS Instl Fd Inc US Real Estate Fd P 2017-10-11 2018-10-12
2,964.454 Oppenheimer Developing Mkts P 2017-02-13 2018-02-14
2,119 Vanguard Int--Term Corp ETF P 2017-02-13 2018-02-14
407 Vanguard Int--Term Corp ETF P 2017-06-05 2018-06-19
1,265 Vanguard Int--Term Corp ETF P 2017-06-05 2018-07-23
3,790 Vanguard Int--Term Corp ETF P 2017-11-19 2018-11-20
153.320 Victory Integrity Small Cap Val Y P 2015-05-04 2018-02-14
134.742 Carillon Eagle Sml Cap Gro P 2011-01-05 2018-02-14
713 IShares Trust Core S&P MCP ETF P 2013-09-25 2018-02-14
3,503.795 MS Instl Fd Inc US Real Estate Fd P 2017-02-13 2018-02-14
SPDR Gold Tr Gold Shs ETF P 2018-12-31 2017-12-30
Sch K-1 Condor Partners LP P 2017-11-30 2018-11-30
Sch K-1 Condor Partners LP P 2017-11-29 2018-11-30
TD Ameritrade Capital Gain Distributions P 2018-12-31 2018-12-31
(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 306,302   324,173 -17,871
b 62,511   61,609 902
c 255,822   264,014 -8,192
d 244,608   306,191 -61,583
e 296,220   300,126 -3,906
297,319   314,650 -17,331
207,429   235,301 -27,872
303,370   311,839 -8,469
260,577   263,796 -3,219
296,602   297,571 -969
233,242   235,581 -2,339
23,471   23,535 -64
302,191   296,598 5,593
320,348   302,722 17,626
289,599   304,519 -14,920
523,570   530,293 -6,723
95,163   98,714 -3,551
254,107   264,112 -10,005
246   294 -48
103,863   151,549 -47,686
133,371   89,635 43,736
179,404   183,176 -3,772
33,960   35,744 -1,784
105,702   111,097 -5,395
311,080   332,663 -21,583
6,108   5,288 820
8,122   5,182 2,940
132,749   88,653 44,096
47,967   51,037 -3,070
1,013   1,013  
    4,879 -4,879
14,676     14,676
103,968     103,968
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       -17,871
b       902
c       -8,192
d       -61,583
e       -3,906
      -17,331
      -27,872
      -8,469
      -3,219
      -969
      -2,339
      -64
      5,593
      17,626
      -14,920
      -6,723
      -3,551
      -10,005
      -48
      -47,686
      43,736
      -3,772
      -1,784
      -5,395
      -21,583
      820
      2,940
      44,096
      -3,070
       
      -4,879
      14,676
      103,968
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 -40,874
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 -53,799
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 386,284 5,104,828 0.07567
2016 365,045 5,001,766 0.07298
2015 360,909 5,107,974 0.07066
2014 407,794 5,288,209 0.07711
2013 408,507 5,641,279 0.07241
2
Total of line 1, column (d) .....................
2
0.368837
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
0.073767
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
4,781,543
5
Multiply line 4 by line 3......................
5
352,720
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
648
7
Add lines 5 and 6........................
7
353,368
8
Enter qualifying distributions from Part XII, line 4,.............
8
362,208
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 1 648
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  
3 Add lines 1 and 2........................... 3 648
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 648
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,952
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,952 RefundedBullet 11  
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
 
No
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)
    bulletMD
    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 addressbulletN/A
    14
    The books are in care ofbulletCatherine Hekimian Telephone no.bullet (301) 540-0424

    Located atbullet2 Executive Park CtGermantownMD ZIP+4bullet20874
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    Catherine L Hekimian Trustee
    15.00     		24,875    
    2 Executive Park Ct
    Germantown,MD20874
    Joan E Hekimian Trustee
    0.00     		0    
    2 Executive Park Ct
    Germantown,MD20874
    Christopher Hekimian Trustee
    0.00     		0    
    2 Executive Park Ct
    Germantown,MD20874
    Allison H Sitar Trustee
    0.00     		0    
    2 Executive Park Ct
    Germantown,MD20874
    A Mark Knechtel Trustee
    0.00     		0    
    2 Executive Park Ct
    Germantown,MD20874
    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  
    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.............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)
    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
    3,768,552
    b
    Average of monthly cash balances.......................
    1b
    1,081,705
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,101
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,854,358
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    4,854,358
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    72,815
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,781,543
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    239,077
    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
    239,077
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    648
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    648
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    238,429
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    238,429
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    238,429
    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
    362,208
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    362,208
    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
    648
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    361,560
    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 7 238,429
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 134,565
    b From 2014...... 151,822
    c From 2015...... 106,446
    d From 2016...... 122,745
    e From 2017...... 137,893
    fTotal of lines 3a through e........ 653,471
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 362,208
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 238,429
    e Remaining amount distributed out of corpus 123,779
    5 Excess distributions carryover applied to 2018.    
    (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 5 777,250
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		134,565
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		642,685
    10 Analysis of line 9:
    a Excess from 2014.... 151,822
    b Excess from 2015.... 106,446
    c Excess from 2016.... 122,745
    d Excess from 2017.... 137,893
    e Excess from 2018.... 123,779
    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:
    Catherine Hekimian
    2 Executive Park Ct
    Germantown,MD20874
    (301) 540-0424
    bThe form in which applications should be submitted and information and materials they should include:
    Current financial information and summary of charitable purpose
    cAny submission deadlines:
    August
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None
    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
    American Red Cross National Cap Reg
    8550 Arlington Blvd
    Fairfax,VA22031     		  N/A For local relief efforts. 5,000
    BO Railroad Museum
    901 West Pratt St
    Baltimore,MD21223     		  N/A To fund early childhood education programs about steam engines. 7,000
    Calvary Womens Services
    1217 Good Hope Rd SE
    Washington,DC20020     		  N/A To fund life skills & education programs for homeless women. 8,000
    Colonial Williamsburg Foundation
    134 N Henry St
    Williamsburg,VA23185     		  N/A To fund care for horses. 8,000
    Franciscan Center
    PO Box 41470
    Baltimore,MD21203     		  N/A To buy fresh produce for food bank. 5,000
    Hope and A Home
    1236 Columbia Rd NW
    Washington,DC20009     		  N/A To fund affordable housing & job readiness training for homeless and/or very low-income families. 5,000
    Hope House
    6031 3rd St NW
    Washington,DC20011     		  N/A To support Father-to-Child Reading & College-Prep programs. 8,000
    Housing Unlimited Inc
    12125 Veirs Mill Rd Suite 201
    Silver Spring,MD20906     		  N/A To support the Tenant Empowerment Program. 5,000
    Leukemia and Lymphoma Society Inc
    3601 Eisenhower Ave Suite 450
    Alexandria,VA22304     		  N/A To fund studies, research & support programs. 4,000
    Maryland Zoo in Baltimore
    1876 Mansion House Dr
    Baltimore,MD21217     		  N/A To fund educational programs. 5,000
    Nature Conservancy of MDDC
    425 Barlow Place Suite 100
    Bethesda,MD20814     		  N/A To support programs to clean the Chesapeake Bay. 2,000
    Partner for Surgery
    1450 Emerson Ave Apt 107
    McLean,VA22101     		  N/A To fund medical services in rural Guatemala. 10,000
    Prospect Hill Cemetery
    1525 Palmland Dr
    Boynton Beach,FL33436     		  N/A To fund repairs & buy computer program for plot map digitization. 8,000
    Robert E Lee Memorial Assoc
    483 Great House Rd
    Stratford,VA22558     		  N/A To support trail maintenance & educational programs at historic Stratford Hall. 5,000
    Salvation Army National Capital Are
    2626 Pennsylvania Ave NW
    Washington,DC20037     		  N/A To support independent living program for young single mothers. 5,000
    Second Chance Wildlife Center
    7101 Barcellona Dr
    Gaithersburg,MD20879     		  N/A To pay for food, medicine, supplies & cage furnishings for rehabbing animals. 10,000
    University of the Cumberlands
    6191 College Station Dr
    Williamsburg,KY40769     		  N/A To assist disadvantaged population in Appalachia through Mountain Outreach Program. 5,000
    WETA Educational Telecommunications
    3939 Campbell Ave
    Arlington,VA22206     		  N/A To fund local broadcast of ??????Nature?????? program. 5,000
    Woodworkers for Childrens Charity
    21 Wild Hunt Ct
    Laytonsville,MD20882     		  N/A To purchase picture books for ??????Reading is Terrific?????? program. 6,000
    Armenia Tree Project
    400 West Cummings Park Suite 3900
    Woburn,MA01801     		  N/A For tree planting & environmental education in Armenia. 5,000
    Breast Cancer Awareness
    12916 Conamar Dr Suite 201
    Hagerstown,MD21742     		  N/A To purchase post-surgical bras, etc., for cancer patients. 5,000
    US Lighthouse Society
    PO Box 1270
    Annandale,VA22003     		  N/A To buy bugle & memorial markers for lighthouse keeper recognition ceremonies. 3,000
    Food and Friends
    219 Riggs Rd NE
    Washington,DC20011     		  N/A To fund food purchase, prep & delivery to homebound ill. 5,000
    Michael J Fox Fdn Parkinson's Resea
    PO Box 4777
    New York,NY10163     		  N/A To fund research into cure for Parkinson's disease. 5,000
    Mobile Medical Center
    9309 Old Georgetown Rd
    Bethesda,MD20814     		  N/A To enhance their diabetes care program. 4,000
    Montgomery County Humane Society
    601 S Stonestreet Ave
    Rockville,MD20850     		  N/A To fund maintenance for Aspin Hill Memorial Park pet cemetery. 7,000
    Montgomery Hospice
    1355 Piccard Dr Suite 100
    Rockville,MD20850     		  N/A To fund grief support program, including counselors. 4,000
    St Elizabeth School
    801 Argonne Dr
    Baltimore,MD21218     		  N/A To defray cost of making school handicap compliant. 3,000
    Stronghold Inc
    7901 Comus Rd
    Dickerson,MD20842     		  N/A To pay to surface new parking lot. 3,000
    Suburban Hospital Foundation
    8600 Old Georgetown Rd
    Bethesda,MD20814     		  N/A Final installment of five-year pledge toward hospital renovation. 20,000
    WANADA Auto Dealer Education Inst
    5301 Wisconsin Ave NW Suite 210
    Washington,DC20015     		  N/A To pay for full scholarships for Montgomery College auto mechanic program. 5,000
    Berea College
    101 Chestnut St
    Berea,KY40404     		  N/A To fund college scholarships. 6,000
    Bishop John T Walker School for Boy
    1801 Mississippi Ave SE
    Washington,DC20020     		  N/A To buy educational material for after-school curriculum. 8,000
    Brainy Camps Association
    111 Michigan Ave NW
    Washington,DC20010     		  N/A For a memorial garden at their medically oriented summer camp. 8,000
    Live and Let Live Farm
    20 Paradise Ln
    Chichester,NH03258     		  N/A To fund expansion of quarantine & medical rooms. 2,000
    Sun Sounds Foundation
    1300 S Milton Ave 202
    Flagstaff,AZ86001     		  N/A To fund expansion of audio access of text (newspapers, books etc.) to visually impaired users. 2,000
    Family Services
    610 E Diamond Ave Suite 100
    Gaithersburg,MD20877     		  N/A To help facilitate mental health appointments by providing translation & transportation services. 2,000
    Quality of Life Foundation
    2750 Killarney Dr Suite 100
    Woodbridge,VA22192     		  N/A To provide support services to individuals and families who provide care for catastrophically wounded veterans. 7,000
    Quotidian Theatre Company
    5705 Brewer House Circle 202
    Rockville,MD20852     		  N/A To help defray cost of accountant. 8,000
    A Wider Circle
    4808 Moorland Lane Suite 802
    Bethesda,MD20814     		  N/A To fund beds, furniture, other essentials for families living in poverty 8,000
    Byte Back
    899 N Capitol St NE Suite 850
    Washington,DC20002     		  N/A To fund computer & job-training programs. 3,000
    Heroes Helping Heroes
    4990 Mercantile Rd 43574
    Baltimore,MD21236     		  N/A To support after-school outreach project to help at-risk children. 10,000
    Red Wiggler Foundation
    23400 Ridge Rd
    Germantown,MD20876     		  N/A Help fund programs for people with development disabilities to work, learn & grow healthy food at farm. 5,000
    Wildlife Veterinary Care
    1150 Tilthammer Mill Rd
    Boyce,VA22620     		  N/A To buy food & medical supplies for rescued native wild animals. 2,000
    Carpenter's Shelter
    5701-D Duke St
    Alexandria,VA22304     		    For property redevelopment to expand shelter, affordable housing units. 3,000
    Community Ministries of Rockville
    1010 Grandin Ave Suite A1
    Rockville,MD20851     		    To fund medical care & cancer screening for low-income, uninsured. 2,000
    Instruments of Healing
    11945 Sweet Shrub Cir
    Clarksburg,MD20871     		    To buy new & fix old instruments to use in recovery programs (for mental health and/or substance abuse.) 2,000
    Mary's Center
    2333 Ontario Rd NW
    Washington,DC20009     		    To fund study evaluating their social model. 4,000
    Metropolitan Washington Ear
    12061 Tech Rd
    Silver Spring,MD20904     		    To expand program for visually impaired & buy more radios. 5,000
    Montgomery Cnty Coalition for Homel
    600-B East Gude Dr
    Rockville,MD20850     		    To fund security deposits & 1st months?????? rent for transitional housing. 5,000
    Petey Greene Program
    9 Mercer St
    Princeton,NJ08540     		    To defray cost of transportation of volunteer tutors to prisons. 3,000
    Rx Partnership
    2924 Emerywood Parkway Suite 300
    Richmond,VA23294     		    To fund free prescriptions to low-income persons. 4,000
    St Mary's Healthcare Sys for Childr
    29-01 216 St
    Bayside,NY11360     		    To purchase two specialized pieces of medical equipment for disabled children. 5,000
    Treatment Learning Centers
    2092 Gaither Rd
    Rockville,MD20850     		    To fund scholarship to their school. 5,000
    Tri-State Bird Rescue Research
    170 Possum Hollow Rd
    Newark,DE19711     		    To buy anesthesia machine with oxygen concentrator. 3,000
    Urban Village Community Center Asso
    3403 16th St NW
    Washington,DC20010     		    To fund after-school enrichment programs. 3,000
    Total .................................bullet 3a 300,000
    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 ...........     		    14 2,122  
    4 Dividends and interest from securities....     14 95,282  
    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 -40,874  
    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)..   56,530  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    56,530
    (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: 18007222
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    The Phase Foundation
    EIN:
    52-1611434
    Software ID:
    18007222
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 4,200 0 0 4,200

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Phase Foundation
    EIN:
    52-1611434
    Software ID:
    18007222
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TD Ameritrade 3,097,891 3,127,450

    TY 2018 OtherAssetsSchedule
    Name:
    The Phase Foundation
    EIN:
    52-1611434
    Software ID:
    18007222
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Security Deposit 4,101 4,101 4,101


    TY 2018 OtherDecreasesSchedule
    Name:
    The Phase Foundation
    EIN:
    52-1611434
    Software ID:
    18007222
    Software Version:
    2018v3.1
    Description Amount
    Unrealized Loss Condor 23,280


    TY 2018 OtherExpensesSchedule
    Name:
    The Phase Foundation
    EIN:
    52-1611434
    Software ID:
    18007222
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees 20,410 20,410 20,410  
    Investment Expenses 7,070 7,070 7,070  
    Office Expense 482     482


    TY 2018 TaxesSchedule
    Name:
    The Phase Foundation
    EIN:
    52-1611434
    Software ID:
    18007222
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 2,478     2,478
    IRS 3,025     3,025