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
ADDISON GIBSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212
A Employer identification number

25-0965379
B Telephone number (see instructions)

(412) 768-5898
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$56,292,011J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 894,280 894,280  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,052,673
b Gross sales price for all assets on line 6a 11,595,702
7 Capital gain net income (from Part IV, line 2)... 2,052,673
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 6,377,460 5,899,899  
12 Total. Add lines 1 through 11........ 9,324,413 8,846,852  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 176,535 58,845   117,690
14 Other employee salaries and wages...... 1,683 0 0 1,683
15 Pension plans, employee benefits....... 61,514 0 0 61,514
16a Legal fees (attach schedule)......... Click to see attachment 20,169 0 0 20,169
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 472,878 5,685   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 982 0 0 982
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 3,027,446 1,136   124,360
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,761,207 65,666 0 326,398
25 Contributions, gifts, grants paid....... 275 275
26 Total expenses and disbursements. Add lines 24 and 25 3,761,482 65,666 0 326,673
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,562,931
b Net investment income (if negative, enter -0-) 8,781,186
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,216,689 1,975,359 1,975,359
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 9,230,049 Click to see attachment10,463,171 12,147,970
c Investments—corporate bonds (attach schedule)....... 497,506 Click to see attachment4,670,153 4,679,423
11 Investments—land, buildings, and equipment: basis bullet61,300
Less: accumulated depreciation (attach schedule) bullet   60,805 61,300 12,789,966
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,261,249 Click to see attachment24,182,738 24,699,293
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,266,298 41,352,721 56,292,011
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 33,877,499 40,945,990
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,388,799 406,731
30 Total net assets or fund balances (see instructions)..... 36,266,298 41,352,721
31 Total liabilities and net assets/fund balances (see instructions). 36,266,298 41,352,721
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
36,266,298
2
Enter amount from Part I, line 27a .....................
2
5,562,931
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
41,640
4
Add lines 1, 2, and 3 ..........................
4
41,870,869
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
518,148
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
41,352,721
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 100000. ROYAL BANK OF CANADA SER MTN UNSC   2013-11-21 2018-01-16
b 205. DTE ENERGY CO   2016-08-16 2018-01-17
c 93. GENERAL DYNAMICS CORP   2013-11-20 2018-01-19
d 24. J P MORGAN CHASE & CO COM   2013-11-20 2018-02-07
e 156. J P MORGAN CHASE & CO COM   2013-11-20 2018-02-07
100000. OCCIDENTAL PETROLEUM COR SR UNSEC CALL 11/15/17 @ 100   2013-07-23 2018-02-15
223. PROLOGIS INC   2017-07-24 2018-02-23
7. WELLTOWER INC   2017-09-28 2018-02-23
205. WELLTOWER INC   2014-12-10 2018-02-23
38. WELLTOWER INC   2017-09-28 2018-02-23
72. PROLOGIS INC   2017-07-24 2018-02-26
65. VALERO ENERGY CORP NEW COM   2016-11-14 2018-03-13
100000. COCA-COLA CO/THE SR UNSECD   2013-11-20 2018-03-14
22. GENERAL MILLS INC COM   2016-07-14 2018-03-23
268. GENERAL MILLS INC COM   2016-07-14 2018-03-23
55. WYNDHAM WORLDWIDE CORP   2014-07-10 2018-03-23
11349.879 HARBOR FD INTL FD   2005-02-14 2018-03-27
1420. ISHARES CORE US AGGREGATE BOND ETF   2010-12-28 2018-03-27
2500. ISHARES 1 TO 3 YEAR TREASURY BOND ETF   2016-03-30 2018-03-27
4000. ISHARES SHORT-TERM CORPORATE BOND ETF   2016-07-15 2018-03-27
27132.207 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I   2013-11-20 2018-03-27
17301.038 VANGUARD INTM TERM TREAS FD ADMIRAL SHARES   2016-03-30 2018-03-28
100000. WAL-MART STORES INC UNSC   2015-01-09 2018-04-11
2297. ABBOTT LABORATORIES INC   2016-07-15 2018-05-08
840. AETNA INC NEW   2013-07-23 2018-05-08
1762. CBS CORP CLASS B WI   2016-10-12 2018-05-08
2791. CSX CORP COM   2017-08-17 2018-05-08
22296.544 COLUMBIA FLOATING RATE FUND INSTITUTIONAL   2016-10-12 2018-05-08
1880. DR PEPPER SNAPPLE GROUP INC   2014-10-22 2018-05-08
1227. EDWARDS LIFESCIENCES CORP   2015-05-01 2018-05-08
1040. ILLINOIS TOOL WORKS INC COM   2016-03-09 2018-05-08
115. MOHAWK INDS INC   2017-08-17 2018-05-08
439. MOHAWK INDS INC   2016-10-12 2018-05-08
1502. PEPSICO INC COM   2016-07-15 2018-05-08
1105. PROLOGIS INC   2017-06-08 2018-05-08
2048. PROLOGIS INC   2016-11-18 2018-05-08
297. SHERWIN-WILLIAMS CO   2017-08-17 2018-05-08
170. THERMO ELECTRON CORP COM   2016-03-09 2018-05-08
2207. TRANSCANADA CORP (HOLDING CO) NAME CHANGE 05/09/2019   2017-06-08 2018-05-08
1418. VALERO ENERGY CORP NEW COM   2017-03-16 2018-05-08
2228. WELLS FARGO & CO NEW COM   2007-05-07 2018-05-08
1433. WYNDHAM WORLDWIDE CORP   2013-07-23 2018-05-08
1355. INGERSOLL-RAND PLC SEDOL B633030   2016-07-15 2018-05-08
181. UNUMPROVIDENT CORP COM   2017-11-13 2018-05-11
235. VALERO ENERGY CORP NEW COM   2016-11-14 2018-05-11
159. UNUMPROVIDENT CORP COM   2017-11-13 2018-05-14
100. PRICE T ROWE GROUP INC COM   2017-08-22 2018-05-24
55. PRICE T ROWE GROUP INC COM   2016-12-21 2018-05-24
85. ROYAL DUTCH SHELL PLC ADR A   2017-11-02 2018-05-24
170. FIRST AMERICAN FINANCIAL W/I   2017-12-19 2018-06-04
98. FIRST AMERICAN FINANCIAL W/I   2017-12-19 2018-06-05
182. FIRST AMERICAN FINANCIAL W/I   2017-12-19 2018-06-05
174. WYNDHAM WORLDWIDE CORP   2013-11-20 2018-06-11
146. LAMAR ADVERTISING CO-A   2016-01-22 2018-06-18
114. LAMAR ADVERTISING CO-A   2016-01-25 2018-06-19
100000. CHEVRON CORP CALL 05/24/2018 @ 100.000 UNSC   2015-01-09 2018-06-24
1. L3 COMMUNICATIONS XXX-XX-XXXX   2001-01-01 2018-06-27
35. CUMMINS INC   2017-05-24 2018-06-28
75. CUMMINS INC   2017-05-24 2018-06-28
126. 3M COMPANY COM   2015-03-13 2018-06-28
1. AMERICAN INTERNATIONAL GROUP INC   2001-01-01 2018-08-02
130. ILLINOIS TOOL WORKS INC COM   2017-01-30 2018-08-13
130. WYNDHAM HOTELS & RESORTS I   2018-06-11 2018-09-17
174. WYNDHAM HOTELS & RESORTS I   2013-11-20 2018-09-17
1892. AGILENT TECHNOLOGIES (IPO)   2017-06-08 2018-09-18
70545.038 ALLIANCEBERNSTEIN GLOBAL BD FD INC ADV FD 456   2016-07-15 2018-09-18
1868. ALTRIA GROUP INC   2013-07-23 2018-09-18
467. ANALOG DEVICES INC   2018-05-08 2018-09-18
1441. ANALOG DEVICES INC   2017-08-17 2018-09-18
2913. BERRY GLOBAL GROUP INC   2016-10-12 2018-09-18
1265. COMCAST CORPORATION CL A   2011-11-01 2018-09-18
1190. CONSTELLATION BRANDS INC CL A   2015-01-30 2018-09-18
765. FACEBOOK INC   2016-07-15 2018-09-18
714. GENERAL DYNAMICS CORP   2015-08-19 2018-09-18
2699. HALLIBURTON CO   2017-03-16 2018-09-18
11584.526 HARBOR FD INTL FD   2003-12-08 2018-09-18
213. HOME DEPOT INC COM   2016-03-09 2018-09-18
890. HONEYWELL INTL INC   2015-05-01 2018-09-18
884. JOHNSON & JOHNSON COM   2010-05-07 2018-09-18
533. LAUDER ESTEE COS INC CL A   2018-05-08 2018-09-18
994. LAUDER ESTEE COS INC CL A   2017-09-27 2018-09-18
833. PARKER HANNIFIN CORP   2017-06-08 2018-09-18
1834. ROYAL DUTCH SHELL PLC ADR A   2018-05-08 2018-09-18
1370. SMUCKER J M CO COM NEW   2018-05-08 2018-09-18
1947. STATE STR CORP COM   2016-10-12 2018-09-18
610. THERMO ELECTRON CORP COM   2016-03-09 2018-09-18
1280. TYSON FDS INC COM   2016-03-30 2018-09-18
23094.688 VIRTUS SEIX FLOATING RATE HIGH INCOME FUND CLASS I   2016-11-18 2018-09-18
264. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868   2017-06-08 2018-09-18
1. NORTEL NETWORK CORPORATION   2001-01-01 2018-09-28
25. GARRETT MOTION INC-WI   2015-01-13 2018-10-05
.1 GARRETT MOTION INC-WI   2015-01-13 2018-10-11
14. JOHNSON & JOHNSON COM   2017-06-27 2018-10-15
131. JOHNSON & JOHNSON COM   2014-07-10 2018-10-15
1063. BORG WARNER INC.   2018-05-08 2018-10-18
2350. BORG WARNER INC.   2017-09-27 2018-10-18
674. LAM RESEARCH CORP   2015-08-19 2018-10-18
1145. MARRIOTT INTERNATIONAL INC CL A   2018-05-08 2018-10-18
766. STRYKER CORP   2017-06-08 2018-10-18
3320. US FOODS HOLDING CORP   2018-09-18 2018-10-18
487. DOWDUPONT INC REV SPLIT 06/03/19   2015-05-06 2018-10-26
18. DOWDUPONT INC REV SPLIT 06/03/19   2015-05-06 2018-10-26
.833 RESIDEO TECHNOLOGIES INC-W/I   2015-01-13 2018-11-01
41. RESIDEO TECHNOLOGIES INC-W/I   2015-01-13 2018-11-06
100. AT&T INC   2018-02-23 2018-11-19
825. AT&T INC   2013-11-20 2018-11-19
395. WELLS FARGO & CO NEW COM   2013-11-20 2018-11-19
14. WELLS FARGO & CO NEW COM   2013-11-20 2018-11-19
482. PRINCIPAL FINANCIAL GROUP COM   2014-10-30 2018-12-10
25. PRINCIPAL FINANCIAL GROUP COM   2015-02-03 2018-12-10
69. PRUDENTIAL FINANCIAL INC COM   2017-02-22 2018-12-10
157. UNITED TECHNOLOGIES CORP COM   2013-11-20 2018-12-10
162. PRINCIPAL FINANCIAL GROUP COM   2015-02-03 2018-12-11
2485. APPLIED MATERIALS INC   2016-08-05 2018-12-14
2438. DOWDUPONT INC REV SPLIT 06/03/19   2015-05-01 2018-12-14
525. FEDEX CORPORATION   2018-09-18 2018-12-14
5057. FIRST DATA CORP- CLASS A   2018-09-18 2018-12-14
2170. TEXAS INSTRS INC COM   2016-03-09 2018-12-14
1087. ROYAL CARRIBEAN CRUISES LTD SEDOL 2754907 ISIN LR0008862868   2017-06-08 2018-12-14
135. JOHNSON & JOHNSON COM   2014-07-10 2018-12-18
120. KIMBERLY-CLARK CORP COM   2017-02-22 2018-12-18
45. ALTRIA GROUP INC   2015-01-13 2018-12-27
310. ALTRIA GROUP INC   2015-01-13 2018-12-27
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 100,000   99,001 999
b 21,334   19,230 2,104
c 19,368   9,287 10,081
d 2,707   1,344 1,363
e 17,678   8,703 8,975
100,000   98,841 1,159
13,653   13,425 228
378   493 -115
11,084   15,592 -4,508
2,037   2,678 -641
4,404   4,323 81
6,098   4,069 2,029
100,000   100,000  
995   1,586 -591
11,992   19,320 -7,328
6,312   4,273 2,039
750,000   555,589 194,411
151,768   148,958 2,810
208,737   212,563 -3,826
414,992   421,820 -6,828
510,357   505,307 5,050
187,889   200,000 -12,111
100,000   99,518 482
134,096   96,744 37,352
143,182   54,961 88,221
89,772   97,306 -7,534
168,099   137,694 30,405
203,790   200,000 3,790
223,653   127,926 95,727
164,745   77,907 86,838
150,110   101,071 49,039
24,395   28,655 -4,260
93,124   86,158 6,966
145,090   159,309 -14,219
72,055   61,865 10,190
133,547   99,354 34,193
112,254   98,371 13,883
35,165   23,421 11,744
94,745   104,102 -9,357
159,082   97,622 61,460
117,864   75,044 42,820
154,751   88,569 66,182
118,507   92,161 26,346
6,879   9,582 -2,703
26,916   14,712 12,204
6,042   8,415 -2,373
12,101   8,317 3,784
6,656   4,260 2,396
5,927   5,426 501
8,797   9,768 -971
5,073   5,591 -518
9,383   10,384 -1,001
8,470   5,568 2,902
10,219   8,108 2,111
7,894   6,308 1,586
100,000   100,000  
410   25 385
4,647   5,433 -786
9,958   11,625 -1,667
24,656   20,359 4,297
504     504
17,736   16,696 1,040
7,227   8,070 -843
9,673   7,283 2,390
129,936   114,364 15,572
577,764   600,000 -22,236
116,043   67,232 48,811
42,687   42,366 321
131,719   112,343 19,376
145,772   129,765 16,007
47,324   16,451 30,873
252,128   135,491 116,637
122,837   89,417 33,420
145,079   108,907 36,172
105,769   138,636 -32,867
740,599   471,264 269,335
44,512   26,827 17,685
146,898   90,245 56,653
123,809   56,049 67,760
74,876   72,457 2,419
139,637   107,678 31,959
156,008   127,898 28,110
121,275   128,145 -6,870
149,761   154,756 -4,995
166,593   137,740 28,853
145,407   84,039 61,368
79,645   86,242 -6,597
200,924   200,000 924
33,656   29,850 3,806
16     16
396   259 137
2   1 1
1,875   1,909 -34
17,627   16,181 1,446
39,279   52,533 -13,254
86,834   118,596 -31,762
97,914   48,553 49,361
134,631   158,646 -24,015
134,443   110,233 24,210
100,063   105,835 -5,772
25,410   25,292 118
936   921 15
19   15 4
968   721 247
3,034   3,657 -623
25,028   30,053 -5,025
20,965   17,815 3,150
745   615 130
20,740   24,787 -4,047
1,079   1,218 -139
5,739   7,635 -1,896
18,640   17,567 1,073
6,889   7,704 -815
82,708   66,648 16,060
129,871   126,881 2,990
98,002   128,758 -30,756
85,399   131,374 -45,975
207,142   118,731 88,411
116,133   122,906 -6,773
17,655   14,260 3,395
13,661   16,223 -2,562
2,145   2,380 -235
14,883   15,870 -987
      375,196
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       999
b       2,104
c       10,081
d       1,363
e       8,975
      1,159
      228
      -115
      -4,508
      -641
      81
      2,029
       
      -591
      -7,328
      2,039
      194,411
      2,810
      -3,826
      -6,828
      5,050
      -12,111
      482
      37,352
      88,221
      -7,534
      30,405
      3,790
      95,727
      86,838
      49,039
      -4,260
      6,966
      -14,219
      10,190
      34,193
      13,883
      11,744
      -9,357
      61,460
      42,820
      66,182
      26,346
      -2,703
      12,204
      -2,373
      3,784
      2,396
      501
      -971
      -518
      -1,001
      2,902
      2,111
      1,586
       
      385
      -786
      -1,667
      4,297
      504
      1,040
      -843
      2,390
      15,572
      -22,236
      48,811
      321
      19,376
      16,007
      30,873
      116,637
      33,420
      36,172
      -32,867
      269,335
      17,685
      56,653
      67,760
      2,419
      31,959
      28,110
      -6,870
      -4,995
      28,853
      61,368
      -6,597
      924
      3,806
      16
      137
      1
      -34
      1,446
      -13,254
      -31,762
      49,361
      -24,015
      24,210
      -5,772
      118
      15
      4
      247
      -623
      -5,025
      3,150
      130
      -4,047
      -139
      -1,896
      1,073
      -815
      16,060
      2,990
      -30,756
      -45,975
      88,411
      -6,773
      3,395
      -2,562
      -235
      -987
       
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 2,052,673
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 2,571,082 44,443,185 0.057851
2016 1,463,986 29,673,891 0.049336
2015 1,458,044 28,585,006 0.051007
2014 1,618,415 28,014,166 0.057771
2013 2,416,397 31,469,268 0.076786
2
Total of line 1, column (d) .....................
2
0.292751
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
0.05855
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
55,396,801
5
Multiply line 4 by line 3......................
5
3,243,483
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
87,812
7
Add lines 5 and 6........................
7
3,331,295
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,226,673
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 175,624
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........................... 3 175,624
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- ..... 5 175,624
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 179,984
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 179,984
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 4,360
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet4,360 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletSEE FOOTNOTE
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (412) 768-5898

    Located atbullet116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4bullet15212
    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
    DOUGLAS GILBERT ESQ CO-TRUSTEE
    6     		29,422    
    ONE PPG PL ST 2230
    PITTSBURGH,PA152225401
    PNC BANK NA CO-TRUSTEE
    24     		117,690    
    116 ALLEGHENY CENTER MALL
    PITTSBURGH,PA15212
    TIMOTHY M SLAVISH CO-TRUSTEE
    6     		29,423    
    ONE PPG PL ST 2230
    PITTSBURGH,PA152225401
    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 LOW INTEREST STUDENT LOANS 2,900,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet2,900,000
    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
    56,240,407
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    56,240,407
    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
    56,240,407
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    843,606
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    55,396,801
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,769,840
    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
    2,769,840
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    175,624
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    175,624
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,594,216
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,594,216
    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
    2,594,216
    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
    326,673
    b
    Program-related investments—total from Part IX-B..................
    1b
    2,900,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,226,673
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,226,673
    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 2,594,216
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 86,226
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,226,673
    a Applied to 2017, but not more than line 2a 86,226
    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..... 2,594,216
    e Remaining amount distributed out of corpus 546,231
    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 5 546,231
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		546,231
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 546,231
    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:
    ADDISON H GIBSON FDN ATTN REBECCA
    ONE PPG PL STE 2230
    PITTSBURGH,PA152225401
    (412) 261-1611
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT FOUNDATION OFFICE FOR DETAILS OF MEDICAL OR EDUCATIONAL FINANCIAL ASSISTANCE.
    cAny submission deadlines:
    CONTACT FOUNDATION OFFICE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EDUCATIONAL AWARDS ARE LIMITED TO WESTERN PENNSYLVANIA RESIDENTS CURRENTLY ENROLLED FULL-TIME AT AN ACCREDITED COLLEGE OR UNIVERSITY.
    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
    UNIVERSITY OF PITTSBURGH
    3501 TERRACE STREET
    PITTSBURGH,PA15213     		NONE NC DENTAL SERVICES PROVIDED TO 275
    Total .................................bullet 3a 275
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 894,280  
    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 2,052,673  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSTUDENTS LOANS REP     		900099   18 5,733,503 643,957
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   8,680,456 643,957
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    9,324,413
    (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.)
    11 STUDENT LOAN PRINCIPAL REPAYMENTS
    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:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 4,670,153 4,679,423

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COMMON STOCK 10,463,171 12,147,970

    TY 2018 InvestmentsOtherSchedule2
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - FIXED AT COST 7,661,135 7,348,500
    MUTUAL FUNDS - EQUITY AT COST 12,472,966 13,302,156
    STUDENT LOANS      
    NOTES AT COST 4,048,637 4,048,637

    TY 2018 LegalFeesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 20,169     20,169


    TY 2018 OtherDecreasesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Amount
    STUDENT LOAN ADJUSTMENTS 518,148


    TY 2018 OtherExpensesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER CHARITABLE MISC EXPENSE 26,289 0   26,289
    REAL ESTATE TAXES PAID 1,136 1,136   0
    MEMBERSHIP RENEWAL FEES 750 0   750
    GRANTMAKING FEES 95,121 0   95,121
    LIABILITY INSURANCE FEES 2,200 0   2,200
    MISCELLANEOUS FEES OR EXPENSES 2,901,950 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER REVENUE 354 354  
    50% INT. IN 640 ACRES SEC. 37, BLK. 52, 43,442 43,442  
    50% INT. IN 640 ACRES SEC. 48, BLK. 52, 34,106 34,106  
    STUDENTS LOANS PARTICIPANT LN 643,957 125,808  
    1/4 RI IN 640 A S268 BLK 13 H&GN RY CO S 679,333 722,956  
    1/4 RI IN 640 A S280 BLK 13 H&GN RY CO S 193,747 193,747  
    1/2 RI IN 640 A, SEC 37, BLK 52, T7, T & 1,070,650 1,070,650  
    1/2 RI IN 640 A, SEC 48, BLK 52 T7 T&P R 3,708,836 3,708,836  
    FEDERAL TAX REFUND FROM PRIOR YEAR 3,035 0  


    TY 2018 OtherIncreasesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Description Amount
    TAX COST ADJUSTMENTS TO REAL ESTATE 28,800
    DUPLICATE ENTRIES 12,840


    TY 2018 TaxesSchedule
    Name:
    ADDISON GIBSON FOUNDATION
    EIN:
    25-0965379
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,685 5,685   0
    OTHER TAXES (NOT SUBJECT TO $1 280,557 0   0
    FEDERAL TAX PAYMENT - PRIOR YE 9,650 0   0
    FEDERAL ESTIMATES - PRINCIPAL 176,986 0   0