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
OUTCALT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1925
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALAMOSA, CO81101
A Employer identification number

20-7432649
B Telephone number (see instructions)

(719) 589-0155
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$28,348,973J 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 1,538 1,538  
4 Dividends and interest from securities... 839,761 839,761  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -322,413
b Gross sales price for all assets on line 6a 2,545,941
7 Capital gain net income (from Part IV, line 2)... 0
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)....... Click to see attachment 115,805 115,805  
12 Total. Add lines 1 through 11........ 634,691 957,104  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 2,250 0   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,900 6,891   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 43,982 43,690   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 124,132 50,581   0
25 Contributions, gifts, grants paid....... 1,350,472 1,350,472
26 Total expenses and disbursements. Add lines 24 and 25 1,474,604 50,581   1,350,472
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -839,913
b Net investment income (if negative, enter -0-) 906,523
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,046,761 1,364,064 1,364,064
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) bullet2,445,636
Less: allowance for doubtful accounts bullet0 2,845,083 Click to see attachment2,445,636 2,445,636
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 11,000 11,053 11,053
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 19,109,405 Click to see attachment18,274,790 20,604,217
c Investments—corporate bonds (attach schedule)....... 3,843,876 Click to see attachment3,877,159 3,735,658
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 171,791 Click to see attachment178,573 178,573
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment10,859 Click to see attachment9,772 Click to see attachment9,772
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,038,775 26,161,047 28,348,973
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow 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........ 27,038,775 26,161,047
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 27,038,775 26,161,047
31 Total liabilities and net assets/fund balances (see instructions). 27,038,775 26,161,047
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
27,038,775
2
Enter amount from Part I, line 27a .....................
2
-839,913
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
26,198,862
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
37,815
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
26,161,047
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 PUBLICLY TRADED SECURITIES P    
b Capital Gains Dividends P    
c
d
e
(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 2,437,206   2,868,354 -431,148
b 108,735     108,735
c
d
e
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       -431,148
b       108,735
c
d
e
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 -322,413
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 1,407,828 29,573,452 0.047604
2016 1,001,526 26,415,113 0.037915
2015 1,000,000 26,008,846 0.038448
2014 45,000 14,783,830 0.003044
2013 45,444 1,036,173 0.043858
2
Total of line 1, column (d) .....................
2
0.170869
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
0.034174
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
30,113,724
5
Multiply line 4 by line 3......................
5
1,029,106
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
9,065
7
Add lines 5 and 6........................
7
1,038,171
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,350,472
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 9,065
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 9,065
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 9,065
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 11,053
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,053
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 1,988
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,988 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletCO
    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 addressbulletoutcaltfoundation.org
    14
    The books are in care ofbulletCAROLYN M KAWANABE Telephone no.bullet (719) 589-0155

    Located atbullet815 FOURTH STREETALAMOSACO ZIP+4bullet81101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    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
     
     
    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
    CAROLYN M KAWANABE SECRETARY, TRUSTEE
    25.00     		60,000 0 0
    PO BOX 204
    ALAMOSA,CO81101
    KARLA L SHRIVER PRESIDENT, TRUSTEE
    25.00     		0 0 0
    PO BOX 262
    MONTE VISTA,CO81144
    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.........................bullet0
    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
    27,354,421
    b
    Average of monthly cash balances.......................
    1b
    572,854
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,645,034
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,572,309
    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
    30,572,309
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    458,585
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    30,113,724
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,505,686
    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
    1,505,686
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    9,065
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,065
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,496,621
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,496,621
    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
    1,496,621
    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
    1,350,472
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,350,472
    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
    9,065
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,341,407
    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 1,496,621
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 1,348,527
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,350,472
    a Applied to 2017, but not more than line 2a 1,348,527
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,945
    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 ..........     		1,494,676
    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....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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:
    CAROLYN M KAWANABE
    PO BOX 1925
    ALAMOSA,CO81101
    (719) 589-0155
    carolyn@kawanabecpa.com
    bThe form in which applications should be submitted and information and materials they should include:
    OUTCALT FOUNDATION SAN LUIS VALLEY STUDENT ACHIEVEMENT SCHOLARSHIP
    cAny submission deadlines:
    MARCH 15TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    COLORADO HIGH SCHOOL SENIORS GRADUATING FROM A SAN LUIS VALLEY INSTITUTION OF SECONDARY EDUCATION AND POST HIGH SCHOOL STUDENTS WHO HAVE GRADUATED FROM A SAN LUIS VALLEY INSTITUTION OF SECONDARY EDUCATION. THE FUNDS AWARDED ARE TO BE USED FOR TUITION, MANDATORY FEES, COURSE-RELATED EXPENSES AND REASONABLE LIVING EXPENSES INCURRED TO ATTEND AN ACCREDITED COLLEGE, UNIVERSITY, JUNIOR COLLEGE, TECHNICAL, OR TRADE SCHOOL.
    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
    ALAMOSA COUNTY VERTERANS SERVICES
    8999 INDEPENDENCE WAY
    ALAMOSA,CO81101     		NONE GOV General operating support 10,000
    ALAMOSA SENIOR CITIZENS INC
    PO BOX 1007
    ALAMOSA,CO81101     		NONE PC General operating support 5,000
    BOYS & GIRLS CLUB OF THE SAN LUIS VALLEY
    PO BOX 1032
    ALAMOSA,CO81101     		NONE PC General operating support 55,000
    COLORADO DEPT OF HUMAN SERVICESCVCLC HOMELAKE RESIDENT BENEFIT FUND
    PO BOX 97
    HOMELAKE,CO81135     		NONE PC General operating support 10,000
    HIGH VALLELY COMMUNITY CENTER INC
    595 GRANDE AVE
    DEL NORTE,CO81132     		NONE PC General operating support 35,000
    LA PUENTE HOME INC
    PO BOX 1235
    ALAMOSA,CO81101     		NONE PC General operating support 48,000
    MONTE VISTA CEMETERY ASSOCIATION
    940 FIRST AVE
    MONTE VISTA,CO81144     		NONE PC General operating support 20,000
    MONTE VISTA COMMUNITY FUND INC
    95 W FIRST AVE
    MONTE VISTA,CO81144     		NONE PC Support for the Kid's Connection City of Monte Vista Program 35,000
    RIO GRANDE HEADWATERS LAND TRUST
    PO BOX 444
    DEL NORTE,CO81132     		NONE PC General operating support 2,000
    SHRINERS HOSPITAL FOR CHILDREN
    2900 ROCKY POINT DRIVE
    TAMPA,FL33607     		NONE PC General operating support 5,000
    TRI COUNTY SENIOR CITIZENS & HOUSING INC
    311 WASHINGTON ST
    MONTE VISTA,CO81144     		NONE PC General operating support 15,250
    TRINIDAD STATE JUNIOR COLLEGE
    1011 MAIN STREET
    ALAMOSA,CO81101     		NONE PC Construction of a Skilled Trade Center in San Luis Valley Colorado 500,000
    UPPER RIO GRANDE ANIMAL SOCIETY
    2825 SHERMAN AVE
    MONTE VISTA,CO81144     		NONE PC General operating support 20,000
    VALLEY CITIZENS FOUNDATION FOR HEALTH CARE INC DBA RIO GRANDE HOSPITAL
    310 COUNTY ROAD 14
    DEL NORTE,CO81132     		NONE PC General operating support 10,000
    VALLEY HUMANE LEAGUE
    6414 COUNTY ROAD 107 S
    ALAMOSA,CO81101     		NONE PC General operating support 20,000
    VETERANS COALITION OF THE SAN LUIS VALLEY
    PO BOX 975
    ALAMOSA,CO81101     		NONE PC General operating support 39,202
    ADAMS STATE UNIVERSITY FOUNDATION
    208 Edgemont Blvd
    ALAMOSA,CO81101     		NONE PC Scholarships 150,000
    CREEDE EARLY LEARNING CENTER
    PO Box 191
    CREEDE,CO81130     		NONE PC General operating support 5,000
    CREEDE REPERTORY THEATRE
    PO BOX 269
    CREEDE,CO81130     		NONE PC General operating support 5,000
    GINGERBREAD HOUSE EARLY LEARNING CENTER
    318 GIRAULT AVENUE
    ALAMOSA,CO81101     		NONE PC Capital improvement project including the purchase of a hearing and vision machine. 87,020
    ORTEGA MIDDLE SCHOOL
    401 VICTORIA ST
    ALAMOSA,CO81101     		NONE PC Support for auditorium/theater improvements 8,500
    VALLEY CRIME STOPPERS PROGRAM INC
    PO BOX 1341
    ALAMOSA,CO81101     		NONE PC General operating support 10,000
    WESTERN RIVERS CONSERVANCY
    71 SW OAK STREET SUITE 100
    PORTLAND,OR97204     		NONE PC Support for SLV Alamosa Riparian Park Project 20,000
    JENNA MCKINLEY
    10496 LANE 6 N
    MOSCA,CO81146     		NONE   Scholarship 5,000
    ANTONIA LAVADOUR
    PO BOX 323
    LA JARA,CO81140     		NONE   Scholarship 5,000
    ADELA VALENCIA LUCERO
    PO BOX 352
    SAN LUIS,CO81152     		NONE   Scholarship 5,000
    JACQUELINE PALACIOS-MOLINAR
    6501 STANLEY RD
    ALAMOSA,CO81101     		NONE   Scholarship 5,000
    RAUL MINCHACA
    PO BOX 284
    FORT GARLAND,CO81133     		NONE   Scholarship 5,000
    HARLEE PEPPER
    3508 US HIGHWAY 285 N
    MONTE VISTA,CO81144     		NONE   Scholarship 5,000
    BLAKE KREPS
    24244 STATE HIGHWAY 371
    LA JARA,CO81140     		NONE   Scholarship 5,000
    ESTEBAN VALDEZ
    405 LINCOLN AVE
    MONTE VISTA,CO81144     		NONE   Scholarship 5,000
    ERICA SINCLAIR
    11363 US HIGHWAY 285 S
    ALAMOSA,CO81101     		NONE   Scholarship 5,000
    WYATT CLARK
    3693 S COUNTY ROAD 6 E
    MONTE VISTA,CO81144     		NONE   Scholarship 5,000
    HAILEY DENNIS
    318 WALNUT ST
    DENVER,CO80204     		NONE   Scholarship 1,500
    LA PUENTE HOME INC
    PO BOX 818
    ALAMOSA,CO81101     		NONE PC Support for Kid's Place Program 184,000
    Total .................................bullet 3a 1,350,472
    bApproved for future payment
    Total .................................bullet 3b 0
    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 1,538  
    4 Dividends and interest from securities....     14 839,761  
    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.....     14 115,805  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -322,413  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 634,691 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    634,691
    (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 InvestmentsCorpBondsSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BRIDGE BUILDER CORD BOND FUND 108276.423 SH 1,091,985 1,069,771
    BRIDGE BUILDER CORE PLUS BOND 58799.896 SH 584,256 575,063
    CAPITAL WORLD BOND FUND CL 5154.626 SH 102,115 99,123
    JANUS FLEXIBLE BOND FD 19932.722 SH 208,993 198,131
    JPMORGAN CORE PLUS BD A 28053.985 SH 234,743 224,993
    JPMORGAN GL BOND OPPORT CL 49732.102 SH 513,158 474,942
    JPMORGAN HIGH YIELD FD CL A 20797.138 SH 164,215 140,381
    JPMORGAN LIMITED DURATION BD 5039.552 SH 50,443 50,295
    JPMORGAN MORTG BKD SECS FD 6693.226 SH 77,746 75,500
    JPMORGAN TOTAL RETURN FUND 10173.535 SH 102,499 97,666
    NEUBERGER BERMAN HIGH INCOME BD 9731.664 SH 87,944 78,145
    PIMCO TOTAL RETURN FD (PTUIX) 3897.151 SH 40,250 39,517
    JPMORGAN SHORT DURATION 42148.519 SH 392,403 392,824
    PGIM HIGH YIELD FD 3860.078 SH 21,473 19,802
    PGIM TOTAL RETURN BD FD 204,936 199,505

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AGCO Corp 1500 SH 85,613 83,505
    ALTRIA GROUP INC 10000 SH 386,550 493,900
    AMAZON COM INC 100 SH 77,778 150,197
    AMERN EUROPACIFIC GROWTH FD 1428.473 SH 74,712 68,299
    APPLE 355 SH 39,304 55,998
    AT&T 17000 SH 588,952 485,180
    BLACKROCK EQUITY DIVIDEND 8174.584 SH 192,300 152,865
    BOEING CO 2000 SH 258,370 645,000
    BP SP ADR 7500 SH 262,393 284,400
    BRIDGE BUILDER INT BBIEX 22151.856 SH 243,232 220,632
    BRIDGE BUILDER LARGE CAP GR 23662.652 SH 270,389 286,791
    BRIDGE BUILDER LARGE CAP VALUE 43031.796 SH 470,445 467,756
    BRIDGE BUILDER SMALL/MD CA BBVSX 17188.07 SH 177,332 168,099
    BRIDGE BUILDER SMALLMID CA GROWTH 12187.689 SH 124,050 141,133
    CATERPILLAR INC 3250 SH 330,934 412,978
    CENTURYLINK INC 15000 SH 485,850 227,250
    CHESAPEAKE ENERGY CORP 3000 SH 81,854 6,300
    CHEVRON CORP 9000 SH 1,117,260 979,110
    CHIMERA INVESTMENT CORP 1000 SH 15,335 17,820
    CIMAREX ENERGY CO 1000 SH 120,575 61,650
    CISCO SYSTEMS INC 4000 SH 92,400 173,320
    CITIGROUP INC 1300 SH 62,465 67,678
    CLOROX CO 100 SH 8,817 15,414
    COCA COLA CO 60000 SH 2,443,500 2,841,000
    COLGATE PALMOLIVE CO 400 SH 26,572 23,808
    CONOCOPHILLIPS 2000 SH 148,800 124,700
    DAIMLER AG 1247 SH 114,475 65,804
    DFA INTERNATIONAL SMALL COM 8024.759 SH 139,145 127,834
    DISCOVER FINANCIAL SERVICES 1000 SH 55,655 58,980
    DODGE & COX INTL STOCK FD 7763.574 SH 344,619 286,554
    DODGE & COX STK FD 395.154 SH 74,868 68,287
    DOLLAR GENERAL 1000 SH 73,142 108,080
    DOMINION ENERGY INC 600 SH 49,352 42,876
    DUKE ENERGY CORP 5000 SH 367,825 431,500
    ENBRIDGE INC ENB 492 SH 19,494 15,291
    ENCANA CORP 1000 SH 22,795 5,780
    FORD MOTOR CO 5000 SH 79,025 38,250
    FRANKLIN MUTUAL CORP F MUTHX 2320.495 SH 67,093 56,272
    GARMIN LTD 500 SH 17,122 31,660
    GENERAL DYNAMICS CORP 170 SH 30,202 26,726
    GENERAL MILLS INC 4000 SH 209,620 155,760
    GOLD RESOURCE CORP 1000 SH 4,805 4,000
    HALLIBURTON CO 2000 SH 126,200 53,160
    HOME DEPOT 1000 SH 79,365 171,820
    IBM 2400 SH 455,736 272,808
    INTEL CORP 5000 SH 132,263 234,650
    JOHN HANCOCK DISCIPLINED VALUE MID CAP 3084.234 SH 68,120 54,063
    JP MORGAN CHASE & CO 3500 SH 216,992 341,670
    JPMORGAN INCOME BUILDER FD 31757.53 SH 320,967 312,812
    JPMORGAN US GOVT MM 53361.86 SH 53,362 53,362
    KINDER MORGAN INC 4100 SH 134,958 63,058
    THE KRAFT HEINZ CO 1000 SH 54,306 43,040
    KROGER CO 4000 SH 90,061 110,000
    LOCKHEED MARTIN 120 SH 30,565 31,421
    LOWES COS INC 1010 SH 79,411 93,284
    MCDONALDS CORP 1500 SH 150,101 266,355
    MEDTRONIC PLC (MDT) 620 SH 49,705 56,395
    MERCK & CO INC 4010SH 230,994 306,404
    MFS INTERNATIONAL VALUE FD 986.876 SH 36,072 38,942
    MICROSOFT 4500 SH 159,965 457,065
    MONDELEZ INT 1000 SH 34,750 40,030
    MORGAN STANLEY 12000 SH 368,100 475,800
    MOTOROLA SOLUTIONS INC 499 SH 31,225 57,405
    NEUBERGER BERMAN GENESIS 1513.955 SH 84,248 72,443
    NEWMONT MINING CORP 1000 SH 26,055 34,650
    NORFOLK SOUTHERN CORP 5000 SH 471,875 747,700
    NOVARTIS AG SPONS ADR 2500 SH 196,432 214,525
    OWENS ILL INC 2827 SH 90,704 48,737
    PFIZER INC 28505 SH 877,645 1,244,243
    PHILIP MORRIS INT 1400 SH 117,320 93,464
    PIMCO HIGH INCOME FD 5000 SH 42,530 40,050
    PITNEY BOWES 5000 SH 125,200 29,550
    PNM RESOURCES 10000 SH 278,450 410,900
    QUALCOMM 630 SH 37,647 35,853
    ROYAL DUTCH SHELL PLC ADR A 1100 SH 70,394 64,097
    ROYCE PREMIER FD INT CL (RPFIX) 1562.288 SH 24,791 18,419
    TROWE PRICE EQUITY INCOME (REIPX) 4094.325 SH 134,109 111,816
    TROWE PRICE INTL DISCOVERY (PRIDX) 307.784 SH 17,132 17,076
    UNION PAC CORP 4000 SH 378,010 552,920
    US STEEL CORP 1000 SH 26,815 18,240
    VANGUARD GROWTH & INCOME FD 308.206 SH 12,421 12,877
    VANGUARD GROWTH INDEX FD 189.748 SH 10,471 13,110
    VANGUARD HEALTH CARE FD 1439.825 SH 133,723 115,676
    VANGUARD HIGH DIVD YD 331 SH 10,000 10,242
    VANGUARD LIFESTRATEGY MODERN 405.515 SH 10,000 10,057
    VERIZON COMM 1000 SH 46,050 56,220
    VF CORP (VFC) 1400 SH 76,578 99,876
    VICTORY SYCAMORE SMALL COMP (VSOIX) 498.285 SH 21,588 18,855
    WALMART STORES INC 1000 SH 76,420 93,150
    WALT DISNEY CO 280 SH 29,740 30,702
    WELLS FARGO & CO 12000 SH 590,700 552,960
    WENDY'S COMPANY 2000 SH 16,700 31,220
    WPX ENERGY INC 667 SH 14,187 7,570
    XCEL ENERGY INC 20140 SH 639,605 992,298
    ZIONS BANCORP 25000 SH 727,750 1,018,500
    EQUINOR ASA 200 SH 5,752 4,234
    TIAA CREF MID CAP FD 4079.593 SH 95,511 70,006

    TY 2018 InvestmentsOtherSchedule2
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VACANT LAND-TRACT 4 STOCKTON ALAMOSA CO FMV 24,000 24,000
    VACANT LOT #11 CARROLL ADDN ALAMOSA CO FMV 82,678 82,678
    VACANT LOT #12 CARROLL ADDN ALAMOSA CO FMV 71,895 71,895

    TY 2018 OtherAssetsSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 10,859 9,772 9,772


    TY 2018 OtherDecreasesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description Amount
    PRIOR PERIOD ADJUSTMENT 37,815


    TY 2018 OtherExpensesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 292 0   0
    BROKERAGE FEES 43,690 43,690   0


    TY 2018 OtherIncomeSchedule2
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ANDERSON LLC 35,267 35,267 35,267
    THOMAS GREG CURTIS 41,880 41,880 41,880
    DENNIS CURTIS 19,329 19,329 19,329
    PETER DEVINE 19,329 19,329 19,329


    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 OtherNotesLoansRcvblLongSch
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    ANDERSON LLC NONE 807,500 561,545 2012-12 2027-09 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $6,937.65 FOR 10 YEARS 600.0000000000 % 1407 TREMONT, ALAMOSA CO 81101 FINANCE SALE OF 1403 TREMONT, ALAMOSA, CO 81101   0
    THOMAS G AND KAY L CURTIS NONE 1,615,250 979,727 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $5,720 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   0
    DENNIS CURTIS NONE 745,500 452,182 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $2,640 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   0
    PETER AND ETHEL J DEVINE NONE 745,500 452,182 2014-10 2019-10 PRINCIPAL AND INTEREST MONTHLY PAYMENTS OF $2,640 FOR 5 YEARS 400.0000000000 % SORUM TRACTOR CO INC COMMON STOCK FINANCE SALE OF SORUM TRACTOR CO INC COMMON STOCK   0

    TY 2018 OtherProfessionalFeesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MG MULLINS & COMPANY -APPRAISALS 2,250 0   0


    TY 2018 TaxesSchedule
    Name:
    OUTCALT FOUNDATION
    EIN:
    20-7432649
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 6,891 6,891   0
    FEDERAL EXCISE TAX 9,947 0   0
    PROPERTY TAXES 1,062 0   0