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 04-01-2018 , and ending 03-31-2019
Name of foundation
THE GARNER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)333 NE 23RD STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIAMI, FL33137
A Employer identification number

31-1471961
B Telephone number (see instructions)

(305) 576-2122
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$12,491,631J 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 378 378  
4 Dividends and interest from securities... 261,975 261,975  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,284,845
b Gross sales price for all assets on line 6a 14,959,910
7 Capital gain net income (from Part IV, line 2)... 6,284,845
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 3,693 2,006  
12 Total. Add lines 1 through 11........ 6,550,891 6,549,204  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 22,548 0   22,548
c Other professional fees (attach schedule).... Click to see attachment 158,685 154,135   4,550
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,050 3,720   61
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 1,184 959   225
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 194,467 158,814   27,384
25 Contributions, gifts, grants paid....... 561,500 561,500
26 Total expenses and disbursements. Add lines 24 and 25 755,967 158,814   588,884
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,794,924
b Net investment income (if negative, enter -0-) 6,390,390
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............. 137,464 83,128 83,128
2 Savings and temporary cash investments......... 131,604 353,616 353,616
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 100,586 0 0
b Investments—corporate stock (attach schedule)....... 4,319,622 Click to see attachment10,855,065 12,054,887
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 732,609 0 0
14 Land, buildings, and equipment: basis bullet1,071
Less: accumulated depreciation (attach schedule) bullet1,071      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,421,885 11,291,809 12,491,631
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) Click to see attachment0 Click to see attachment75,000
23 Total liabilities (add lines 17 through 22)......... 0 75,000
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........ 6,516,195 6,516,195
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -1,094,310 4,700,614
30 Total net assets or fund balances (see instructions)..... 5,421,885 11,216,809
31 Total liabilities and net assets/fund balances (see instructions). 5,421,885 11,291,809
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,421,885
2
Enter amount from Part I, line 27a .....................
2
5,794,924
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,216,809
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
11,216,809
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      
b
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 14,959,910   8,675,065 6,284,845
b
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       6,284,845
b
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 6,284,845
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 637,030 11,758,012 0.054178
2016 618,592 10,112,209 0.061173
2015 599,763 10,134,483 0.059180
2014 553,505 10,603,055 0.052202
2013 534,806 9,982,373 0.053575
2
Total of line 1, column (d) .....................
2
0.280308
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
0.056062
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
11,987,678
5
Multiply line 4 by line 3......................
5
672,053
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
63,904
7
Add lines 5 and 6........................
7
735,957
8
Enter qualifying distributions from Part XII, line 4,.............
8
588,884
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 1 127,808
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........................... 3 127,808
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- ..... 5 127,808
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,240
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 2,240
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 252
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 125,820
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletFL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE GARNER FOUNDATION INC Telephone no.bullet (305) 576-2122

    Located atbullet333 NE 23RD STREETMIAMIFL ZIP+4bullet33137
    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
     
     
    .........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
    JOHN M GARNER PRESIDENT & DIRECTOR
    10.00     		0 0 0
    311 EAST RIDGE VILLAGE DRIVE
    MIAMI,FL33157
    JAMES W MOORE SECRETARY & DIRECTOR
    10.00     		0 0 0
    5905 NORTH BAY DRIVE
    MIAMI BEACH,FL33140
    KATHRYN ANNE PAULK TREASURER & DIRECTOR
    10.00     		0 0 0
    9906 NE 4TH AVENUE ROAD
    MIAMI SHORES,FL33138
    GERALD W MOORE MANAGING DIRECTOR
    10.00     		0 0 0
    333 NE 23 STREET
    MIAMI,FL33137
    MEG GARNER WRIGHT DIRECTOR
    10.00     		0 0 0
    3501 RIVIERA DRIVE
    CORAL GABLES,FL33134
    JANICE G TOPPING DIRECTOR
    10.00     		0 0 0
    958 SE WILLOUGHBY TRACE
    STUART,FL34997
    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
    11,746,983
    b
    Average of monthly cash balances.......................
    1b
    423,248
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,170,231
    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
    12,170,231
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    182,553
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,987,678
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    599,384
    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
    599,384
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    127,808
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    127,808
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    471,576
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    471,576
    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
    471,576
    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
    588,884
    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
    588,884
    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
    588,884
    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 7 471,576
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 45,581
    b From 2014...... 31,484
    c From 2015...... 103,343
    d From 2016...... 121,520
    e From 2017...... 58,082
    fTotal of lines 3a through e........ 360,010
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 588,884
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 471,576
    e Remaining amount distributed out of corpus 117,308
    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 5 477,318
    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) ...     		45,581
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		431,737
    10 Analysis of line 9:
    a Excess from 2014.... 31,484
    b Excess from 2015.... 103,343
    c Excess from 2016.... 121,520
    d Excess from 2017.... 58,082
    e Excess from 2018.... 117,308
    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:
    JOHN M GARNER JAMES W MOORE OR GERA
    333 NE 23RD STREET
    MIAMI,FL33137
    (305) 576-2122
    bThe form in which applications should be submitted and information and materials they should include:
    IN THE FORM OF A LETTER AND IT SHOULD INCLUDE THE ORGANIZATION'S MAIN PURPOSE.
    cAny submission deadlines:
    LETTERS SHOULD BE SUBMITTED BY THE END OF THE FOUNDATION'S FISCAL YEAR (03/31)
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS.
    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
    AILEY CAMP
    1300 BISCAYNE BLVD
    MIAMI,FL33132     		N/A PC CULTURAL 3,000
    AIM HIGHER INC
    4700 BISCAYNE BLVD
    MIAMI,FL33137     		N/A PC CULTURAL 2,500
    ANIMAL WELFARE SOCIETY OF SOUTH FLORIDA
    250 WILLIAMS STREET NW
    MIAMI,FL33133     		N/A PC WELFARE 8,500
    BARRY UNIVERSITY
    11300 NORTHEAST 2ND AVENUE
    MIAMI SHORES,FL331616695     		N/A PC EDUCATION 25,000
    BAY OAKS HOME FOR THE AGED INC
    435 NORTHEAST 34 STREET
    MIAMI,FL331374012     		N/A PC HEALTH CARE 45,000
    BROWARD COLLEGE FOUNDATION INC
    111 EAST LAS OLAS BLVD 11TH FLOOR
    FORT LAUDERDALE,FL33301     		N/A PC MARGARET T. TAIT ENDOWED TEACHING SCHOLARSHIP 5,000
    CAMILLUS HOUSE
    PO BOX 11829
    MIAMI,FL33101     		N/A PC COMMUNITY DEVELOPMENT 6,000
    CARE ELEMENTARY SCHOOL
    2025 NW 1ST AVE
    MIAMI,FL33127     		N/A PC EDUCATION 2,500
    CHAPMAN PARTNERSHIP
    1550 N MIAMI AVE
    MIAMI,FL33136     		N/A PC WELFARE 10,000
    COMMUNITIES IN SCHOOLS OF MIAMI
    12485 SW 137TH AVE STE 109
    MIAMI,FL33186     		N/A PC GENERAL SUPPORT 5,000
    DARLINGTON SCHOOL
    1014 CAVE SPRINGS ROAD
    ROME,GA301614700     		N/A PC EDUCATION 15,000
    DOWNTOWN CHOIR PARENTS ASSOCIATION
    444 BRICKELL AVE STE 48
    MIAMI,FL33131     		N/A PC GENERAL SUPPORT 1,000
    EARTH 'N US INC
    7630 NE 1ST AVE
    MIAMI,FL33138     		N/A PC FOR THE BENEFIT OF INDIA LAZARO 20,000
    EAST RIDGE AT CUTLER BAY FOUNDATION
    19301 SW 87TH AVE
    CUTLER BAY,FL33157     		N/A PC WELFARE 25,000
    EPILEPSY FLORIDA INC
    7300 N KENDALL DRIVE STE 760
    MIAMI,FL33156     		N/A PC PROJECT UPLIFT 2,500
    EPILEPSY FOUNDATION
    3910 HARLAND STREET
    CORAL GABLES,FL33124     		N/A PC MEDICAL RESEARCH 2,500
    EXCEPTIONAL EDUCATION OUTREACH
    650 NE 67TH STREET
    MIAMI,FL33138     		N/A PC GENERAL SUPPORT 2,500
    FIRST SERVE MIAMI
    6501 NW 36TH ST SUITE 300
    MIAMI,FL33166     		N/A PC MOORE PARK 80,000
    FORMAN SCHOOL
    12 NORFOLK RD
    LITCHFIELD,CT06759     		N/A PC EDUCATION 1,000
    HIGHLANDS CASHIERS HOSPITAL
    190 HOSPITAL DR
    HIGHLANDS,NC28741     		N/A PC WELFARE 1,000
    HOMESTEAD CHURCH OF NAZARENE
    18295 SOUTHWEST 294TH STREET
    HOMESTEAD,FL33030     		N/A PC RELIGIOUS 3,000
    INFORMED FAMILIES
    2490 CORAL WAY
    MIAMI,FL33145     		N/A PC COMMUNITY DEVELOPMENT 7,000
    JACKSON MEMORIAL HOSPITAL
    901 NW 17 AVE SUITE G
    MIAMI,FL33136     		N/A PC MEDICAL RESEARCH 10,000
    LITERARY COUNCIL OF HIGHLANDS
    PO BOX 791
    CASHIERS,NC28717     		N/A PC EDUCATION 1,000
    MADEIRA SCHOOL
    8328 GEORGETOWN PIKE
    MCLEAN,VA22102     		N/A PC EDUCATION 1,000
    MARIAN CENTER
    15701 N W 37TH AVENUE
    OPA LOCKA,FL33054     		N/A PC EDUCATION 5,000
    MAYO FOUNDATION
    200 FIRST ST SW
    ROCHESTRE,MN55905     		N/A PC HEALTH CARE 10,000
    MCCLEAN FLETCHER CENTER
    12 NORTHTOWN DRIVE
    JACKSON,MS39211     		N/A PC WELFARE 1,500
    MELISSA INSTITUTE
    6250 SUNSET DRIVE SUITE 204
    MIAMI,FL33143     		N/A PC COMMUNITY DEVELOPMENT 4,500
    MIAMI CHILDREN'S MUSEUM
    980 MACARTHUR CAUSEWAY
    MIAMI,FL33132     		N/A PC COMMUNITY DEVELOPMENT 5,000
    MIAMI COUNTRY DAY SCHOOL
    60L NE 107 STREET
    MIAMI SHORES,FL33168     		N/A PC EDUCATION 122,500
    MIAMI HEAT CHARITABLE FUND
    601 BISCAYNE BLVD
    MIAMI,FL33132     		N/A PC GENERAL SUPPORT 20,000
    MIAMI SHORES PRESBYTERIAN CHURCH
    602 NORTHEAST 96TH STREET
    MIAMI SHORES,FL33138     		N/A PC 2018 LIVING NATIVITY 2,500
    MIAMI VINEYARD COMMUNITY CHURCH
    14301 SOUTHWEST 119TH AVENUE
    MIAMI,FL33186     		N/A PC RELIGIOUS 3,500
    MIRACLE LEAGUE OF MIAMI DADE CTY
    PO BOX 562646
    MIAMI,FL33256     		N/A PC COMMUNITY DEVELOPMENT 5,000
    MOUNT SINAI MEDICAL CENTER FOUNDATION
    4300 ALTON RD
    MIAMI BEACH,FL33140     		N/A PC HEALTH CARE 10,000
    NICKLAUS CHILDREN'S HOSPITAL FDTN
    3100 SW 62 AVE
    MIAMI,FL33155     		N/A PC HEALTH CARE 2,500
    NORTH SHORENOR ISLE OPTIMIST CLUB
    5121 NORTH 36TH COURT
    HOLLYWOOD,FL33021     		N/A PC COMMUNITY DEVELOPMENT 6,000
    PELICAN HARBOR SEABIRD STATION
    1279 NE 79TH ST CAUSEWAY
    MIAMI,FL33138     		N/A PC WILDLIFE PRESERVATION 1,000
    SAINT JOSEPH'S EPISCOPAL SCHOOL
    3300 SEACREST BLVD BOYNTON BEACH
    BOYNTON BEACH,FL33435     		N/A PC CALL TO THE HEART AND JAGUAR FUND 5,000
    ST MARY'S UNIVERSITY LAW SCHOOL
    ONE CAMINO SANTA MARIA
    SAN ANTONIO,TX78228     		N/A PC EDUCATION 2,500
    UNIVERSITY OF COLORADO FOUNDATION
    1800 GRANT ST
    DENVER,CO80203     		N/A PC EDUCATION 10,000
    UNIVERSITY OF GEORGIA
    394 SOUTH MILLEDGE AVENUE SUITE 100
    ATHENS,GA306025582     		N/A PC EDUCATION 11,000
    UNIVERSITY OF MIAMI ATHLETICS
    PO BOX 248106
    CORAL GABLES,FL331242912     		N/A PC ATHLETICS 20,000
    WESTMINSTER CHRISTIAN SCHOOL
    6855 SW 152ND STREET
    MIAMI,FL33157     		N/A PC EDUCATION 20,000
    WOLFSONIAN-FLORIDA INTERNATIONAL UNIVERSITY
    1001 WASHINGTON AVE
    MIAMI BEACH,FL33139     		N/A PC GENERAL SUPPORT 5,000
    WOODY FOUNDATION
    12500 VIRTUDES STREET
    CORAL GABLES,FL33156     		N/A PC ANNUAL WOODY GOLF CLASSIC 2,500
    WPBT2
    PO BOX 610002
    MIAMI,FL33261     		N/A PC EDUCATION 1,500
    Total .................................bullet 3a 561,500
    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 ...........     		    14 378  
    4 Dividends and interest from securities....     14 261,975  
    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.....     18 959  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,284,845  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSECURITIES LITIGATION     		    18 1,047  
    bTAX REFUNDS AND OTHER     01 1,687  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 6,550,891 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,550,891
    (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 AccountingFeesSchedule
    Name:
    THE GARNER FOUNDATION
    EIN:
    31-1471961
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RETURN PREPARATION & CONSULT 9,275 0   9,275
    BOOKKEEPING 13,273 0   13,273

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE GARNER FOUNDATION
    EIN:
    31-1471961
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3I GROUP PLC SHS 38,186 41,052
    3M COMPANY 7,514 11,012
    ABBOTT LABS 6,301 11,991
    ABM INDUSTRIES INC 1,566 1,672
    ACCENTURE PLC SHS 141,015 161,058
    ADAMAS PHARMACEUTICALS INC 1,613 683
    ADIDAS AG SPONSORED ADR 26,168 27,782
    ADOBE INC SHS 36,321 40,240
    ADVANCE AUTO PARTS INC 6,127 6,480
    AIR PRODUCTS&CHEM 34,932 40,674
    AKAMAI TECHNOLOGIES INC 31,184 29,616
    ALEXANDRIA REAL EST EQTS REIT 7,343 8,126
    ALEXION PHARMS INC 24,054 27,712
    ALIBABA GROUP HOLDING LT 103,632 103,814
    ALLERGAN PLC 49,307 48,315
    ALLIANZ SE SPD ADR 36,929 38,623
    ALPHABET INC SHS CL A 116,761 125,927
    ALPHABET INC SHS CL C 40,097 43,412
    ALTRIA GROUP INC 24,731 35,549
    AMAZON COM INC COM 176,263 194,102
    AMER EAGLE OUTFITTERS 1,933 2,128
    AMER EXPRESS COMPANY 39,522 42,846
    AMERICAN EQUITY INVT LIFE HLDG CO 1,684 1,513
    AMGEN INC COM 22,859 25,457
    ANALOG DEVICES INC COM 33,547 38,424
    ANHEUSER-BUSCH INBEV ADR 32,309 28,382
    ANHUI CONCH CEMENT-H-UNS CL H ADR 16,889 17,964
    ANIXTER INTL INC 1,475 1,403
    AON PLC 50,362 58,379
    APPLE INC 155,703 157,089
    APPLIED INDUSTRL TECH 2,365 2,260
    ARCELORMITTAL SA NY REG SHS 18,099 15,244
    ARLO TECH ORD 906 256
    ARMADA HOFFLER PPTYS INC COM 841 904
    ARRAY BIOPHARMA INC COM 985 1,146
    ASGN INC 1,633 1,524
    ASTELLAS PHARMA INC SHS 17,182 16,856
    AT&T INC 45,867 43,151
    ATN INTERNATIONAL INC SHS 1,381 1,184
    ATOS ORIGN SA UNSP ADR 29,935 29,153
    AUTODESK INC DEL PV $0.01 55,940 64,198
    AUTOHOME INC SHS CL A ADR 21,965 30,064
    AUTOMATIC DATA PROC 25,619 31,948
    AVALONBAY CMMUN INC REIT 20,062 24,088
    AXA -SPONS ADR 36,213 38,319
    BAE SYS PLC SPN ADR 34,021 32,787
    BALCHEM CORP COM 1,237 1,299
    BARCLAYS PLC 19,729 19,216
    BARNES GROUP INC DE $.01 2,315 2,056
    BB&T CORPORATION 39,172 35,316
    BECTON DICKINSON CO 59,516 66,178
    BELDEN INC 1,572 1,557
    BHP GROUP LTD 17,615 19,681
    BIOGEN INC 27,790 23,874
    BIOMARIN PHARMACEUTICALS 16,467 15,456
    BLACKBAUD INC 702 638
    BLACKROCK INC 125,200 101,287
    BNP PARIBAS SPONSORD ADR 12,040 10,491
    BOC HONG KONG HLDGS ADR 19,938 20,489
    BOISE CASCADE CO DEL 1,788 1,445
    BOSTON PPTYS INC REIT 10,151 10,978
    BRIGHTVIEW HLDGS INC 571 634
    BRISTOL-MYERS SQUIBB CO 26,367 24,428
    BROOKS AUTOMATION INC 1,752 1,760
    BRYN MAWR BK CORP 697 614
    CANADIAN IMPERIAL BANK OF COMM 39,000 36,926
    CAPITAL ONE FINL 20,562 18,462
    CARNIVAL CORP PAIRED SHS 43,088 35,758
    CARNIVAL PLC ADR 36,271 32,127
    CARRIZO OIL & GAS INC 1,888 1,422
    CASELLA WASTE SYS INC A 1,601 2,027
    CATERPILLAR INC DEL 14,310 21,949
    CENTERSTATE BANK CORP 2,076 1,881
    CENTRAL JAPAN RAILWAY AD 53,567 58,461
    CGI INC CL A 17,369 18,565
    CHECK POINT SOFTWRE TECH 12,034 13,914
    CHEESECAKE FACTORY INC 1,909 1,908
    CHEVRON CORP 84,123 110,123
    CHINA SHENHUA ENERGY ADR 21,196 19,818
    CHIPOTLE MEXICAN GRILL 12,401 19,889
    CHUBB LTD 111,794 116,827
    CHUYS HLDGS INC 734 729
    CIGNA CORP REG SHS 49,589 44,547
    CINN FINCL CRP OHIO 4,380 5,240
    CISCO SYSTEMS INC COM 57,305 103,931
    CITIGROUP INC COM NEW 51,963 64,522
    CITY HOLDING CO CHARLSTN 1,279 1,371
    CK HUTCHISON HOLDINGS LTD 10,779 10,548
    CLP HOLDINGS LTD SP ADR 26,783 27,261
    CME GROUP INC 103,221 101,052
    CMS ENERGY CORP 16,700 20,217
    COCA COLA COM 43,265 78,116
    COEUR MINING INC 800 632
    COLGATE PALMOLIVE 59,544 66,004
    COLUMBUS MCKINNON CP N.Y 1,675 1,683
    COMCAST CORP NEW CL A 167,010 212,534
    CONMED CORP COM 1,852 2,329
    CONOCOPHILLIPS 45,789 44,382
    CONTINENTAL BUILDING PRODUCTS INC SHS 2,264 2,058
    COSTCO WHOLESALE CRP DEL 22,852 27,846
    COUSINS PROPS INC REIT 1,378 1,526
    COVESTRO A 33,765 29,157
    CRYOLIFE INC 1,579 1,721
    CSL LTD SHS ADR 30,633 30,726
    CULLEN FRST BKRS PV $0.01 13,274 11,163
    CVS HEALTH CORP 48,747 41,904
    CYRUSONE INC 45,770 44,050
    DAIWA HOUSE IND LTD ADR 22,409 22,369
    DANAHER CORP DEL 30,422 39,870
    DANONE-SPONS ADR 40,016 39,737
    DEERE CO 48,698 52,587
    DEUTSCHE LUFT AG SPN ADR 15,494 13,647
    DEUTSCHE TELE AG SPN ADR 27,383 27,432
    DIAGEO PLC SPSD ADR NEW 20,723 23,396
    DISCOVER FINL SVCS 16,728 16,296
    DISNEY (WALT) CO COM STK 66,824 72,836
    DOVER CORP 28,792 33,862
    DOWDUPONT INC COM 36,134 29,854
    DTE ENERGY COMPANY 3,741 4,615
    DUKE ENERGY CORP NEW 46,355 52,560
    DXC TECHNOLOGY CO SHS 28,354 21,287
    EASTGROUP PROPERTIES INC REIT 2,244 2,679
    EATON CORP PLC 47,165 51,397
    ECOLAB INC 22,910 27,540
    ELI LILLY & CO 29,023 43,989
    EOG RESOURCES INC 26,715 21,987
    EQUINIX INC 23,857 27,643
    EQUINOR ASA 23,016 21,179
    ESCO TECHNOLOGIES INC 1,495 1,609
    ESSENT GROUP LTD 2,394 2,868
    EVERCORE INC CL A 1,009 910
    EXLSERVICE HLDGS INC 2,199 2,401
    EXPEDITORS INTL WASH INC 41,307 44,326
    EXXON MOBIL CORP COM 24,075 24,644
    FACEBOOK INC CLASS A COMMON STOCK 158,589 150,354
    FACTSET RESH SYS INC 22,854 28,799
    FEDERAL SIGNAL CORP 1,765 2,027
    FIAT CHRYSLER AUTO REG. SHS 27,365 23,285
    FIDELITY NATL INFO SVCS INC 127,225 138,774
    FIRST BANCORP N C COM 1,097 1,043
    FIRST FINANCIAL BANCORP SHS 1,925 1,708
    FIRST INDL REALTY TR INC REIT 2,230 2,546
    FIRST INTST BANCSYSTEM INC COM CL A 1,749 1,752
    FIRSTENERGY CORP 27,372 28,669
    FISERV INC WISC PV 1CT 39,449 47,495
    FIVE BELOW INC 1,992 2,485
    FUJI ELEC HOLDINGS CO LTD SHS 26,011 23,489
    GALLAGHER ARTHUR J & CO 15,038 16,948
    GENERAL MILLS 29,365 35,811
    GENL DYNAMICS CORP COM 40,955 35,549
    GENUINE PARTS CO 8,289 10,195
    GERNER CORP COM 29,008 27,918
    GILDAN ACTIVEWEAR INC 15,938 17,877
    GILEAD SCIENCES INC COM 17,807 17,228
    GLAXOSMITHKLINE PLC ADR 20,557 21,522
    GLOBALSTAR INCCOM SER A RESTRICTED 123 0
    GOLDMAN SACHS GROUP INC 60,704 48,381
    GRANITE CONST INC DEL 1,565 1,381
    GREAT WESTN BANCORP INC 2,140 1,801
    GRUBHUB INC SHS 15,056 13,408
    HAMILTON LANE INC REG SH CA 703 828
    HANG SENG BK LTD SPN ADR 31,676 33,556
    HANNOVER RUECKVERS ADR 46,819 47,874
    HARTFORD FINL SVCS GROUP 33,705 32,517
    HASBRO INC 15,438 14,538
    HAWAIIAN HLDGS INC 880 709
    HITACHI LTD 10 NEW ADR 14,296 12,584
    HKT TR AND HKT-UNSP 17,854 18,987
    HOME DEPOT INC 21,142 62,556
    HONDA MOTOR ADR NEW 13,747 12,770
    HONEYWELL INTL INC DEL 137,435 154,947
    HOPE BANCORP INC SHS 740 536
    HOYA CORP 49,448 55,889
    HUB GROUP INC CL A 1,108 1,103
    ICON PLC 41,784 41,793
    IHS MARKIT LTD SHS 19,265 20,556
    II-VI INC 1,826 1,750
    ILLINOIS TOOL WORKS INC 61,805 62,148
    IMPERIAL BRANDS PLC 37,565 38,234
    INDEPENDENT BK CORP MASS 1,406 1,539
    INDEPENDENT BK GROUP INC 1,988 1,693
    INGERSOLL-RAND PLC 77,023 92,621
    INTERXION HOLDING N.V 1,816 2,002
    J & J SNACK FOODS CRP 1,861 2,065
    J2 GLOBAL INC 2,241 2,511
    JACK IN THE BOX INC 2,087 2,027
    JOHNSON AND JOHNSON 18,756 179,071
    JOHNSON CONTROLS INTER 44,688 45,695
    JPMORGAN CHASE & CO 157,603 143,139
    JXTG HOLDINGS INC 26,029 21,114
    KADANT INC 2,056 2,023
    KAISER ALUM CORP 2,082 2,199
    KAJIMA CORP ADR 23,004 22,752
    KAO CORP SHS ADR 20,932 22,518
    KDDI CORP SHS 32,312 27,709
    KEANE GROUP INC REG SHS 1,172 1,111
    KERING SA 16,827 19,967
    KEYW HLDG CORP 276 319
    KFORCE INC COM 589 632
    KIMBERLY CLARK 35,058 41,507
    KIRIN HOLDINGS LTD SP AD 37,233 37,291
    KITE REALTY GROUP TR SHS 2,078 2,175
    KLX ENERGY SERVICES HOLDINGS INC REGISTE 228 201
    KONINKLIJKE AHOLD DELHAIZE NV SP ADR 65,247 68,431
    LAS VEGAS SANDS CORP 11,156 12,497
    LEAR CORP SHS 21,631 21,306
    LEGAL&GEN GP SPSD ADR 39,300 44,116
    LENDINGTREE INC 1,266 1,758
    LIGAND PHARMACEUTICALS INC SHS CL B 2,310 2,011
    LINDE PLC REG SHS 58,494 62,983
    LLOYDS BANKING GROUP PLC ADR 43,203 46,047
    LOCKHEED MARTIN CORP 88,795 83,144
    LOWE'S COMPANIES INC 43,527 65,135
    LVMH MOET HENNESSY ADR 24,237 27,494
    M&T BANK CORPORATION 17,146 14,917
    MACK CALI REALTY CORP REIT 1,536 1,687
    MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC 272 234
    MACQUARIE GROUP LTD SHS ADR 62,999 68,508
    MALIBU BOATS INC SHS CL A 1,712 1,702
    MARSH & MCLENNAN COS INC 39,820 45,729
    MASTEC INC FLA 1,144 1,203
    MAXLINEAR INC CL A 1,669 2,298
    MCCORMICK NON VTG 12,286 15,214
    MCDONALDS CORP COM 26,505 38,550
    MCKESSON CORPORATION COM 26,599 21,890
    MEDICINES CO DEL COM 1,133 1,453
    MEDTRONIC PLC SHS 124,013 132,795
    MELLANOX TECHNOLOGIES LTD 18,978 21,542
    MERCK AND CO INC SHS 15,475 86,247
    MERIT MEDICAL SYS INC 1,968 2,288
    METHANEX CORP COM 19,045 19,503
    METLIFE INC COM 23,241 21,498
    MGIC INVT CORP WIS 2,211 2,678
    MICROSOFT CORP 54,824 256,284
    MIMECAST LTD SHS 549 758
    MINERALS TECHNOLOGIES 1,768 1,705
    MITSUBISHI CHEMICAL HOLDINGS CORP SHS 22,291 19,097
    MITSUBISHI CP SPNSRD ADR 43,361 41,991
    MONDELEZ INTERNATIONAL INC 57,652 73,332
    MONSTER BEVERAGE SHS 42,691 47,375
    MOODY'S CORP 11,194 12,676
    MYR GROUP INC DEL 1,544 1,593
    NASDAQ OMX GRP INC 30,459 29,922
    NATERA INC SHS 1,079 1,650
    NAVIGANT CONSULTING INC 1,448 1,168
    NEENAH INC 2,158 1,931
    NESTE OYJ 33,743 40,599
    NESTLES A REP RG SH ADR 89,417 104,566
    NETGEAR INC 1,025 960
    NEXSTAR MEDIA GROUP INC GROUP INC CL A 581 759
    NEXTERA ENERGY INC SHS 80,496 97,627
    NIPPON TELG&TEL SPDN ADR 14,711 14,439
    NISOURCE INC 15,553 17,683
    NORFOLK SOUTHERN CORP 22,834 27,286
    NORTHN TRUST CORP 17,104 14,827
    NORTHROP GRUMMAN CORP 38,665 32,622
    NORTHWESTERN CORP 2,968 3,591
    NOVARTIS ADR 61,541 74,893
    NOVO NORDISK A S ADR 39,699 43,103
    NTT DOCOMO INC SPD ADR 22,014 20,323
    NUTANIX INC 16,276 16,228
    NUVASIVE INC 1,206 1,420
    NVIDIA 40,738 49,020
    NXP SEMICONDUCTORS N.V. 25,565 27,489
    OCCIDENTAL PETE CORP CAL 42,574 35,218
    OLD NATL BANCORP IND 1,757 1,706
    OMV AG ADR 17,260 17,082
    ORACLE CORP $0.01 DEL 92,483 106,937
    ORIX CORPORATION SP ADR 33,666 30,401
    PACKAGING CORP AMERICA 56,255 50,584
    PALO ALTO NETWORKS INC COM 23,015 27,203
    PARKER HANNIFIN CORP 17,001 18,878
    PATTERSON UTI ENERGY INC 918 995
    PAYLOCITY HLDG CORP 653 892
    PAYPAL HOLDINGS INC SHS 23,477 31,671
    PEBBLEBROOK HOTEL TRUST 1,903 1,770
    PEPSICO INC 56,046 70,466
    PERSIMMON PLC-UNSPON 44,435 40,186
    PEUGEOT SA-UNSP ADR 27,977 28,470
    PFIZER INC 74,567 103,839
    PHILIP MORRIS INTL INC 70,832 139,656
    PHILLIPS 66 SHS 61,225 52,058
    PHYSICIANS RLTY TR 1,296 1,430
    PIONEER ENERGY SERVICES 691 379
    PIONEER NATURAL RES CO 18,410 14,010
    PLANTRONICS INC NEW COM 1,141 1,061
    PNC FINCL SERVICES GROUP 141,475 125,727
    PPG INDUSTRIES INC SHS 80,521 85,330
    PRESTIGE CONSUMER HEALTHCARE INC 1,686 1,645
    PRICE T ROWE GROUP INC 26,587 23,128
    PRIMERICA INC COM 1,602 1,954
    PROCTER & GAMBLE CO 39,054 66,384
    PROGRESSIVE CRP OHIO 9,997 11,679
    PROOFPOINT INC 525 607
    PRUDENTIAL FINANCIAL INC 27,359 25,635
    PUB SVC ENTERPRISE GRP 13,486 15,447
    PUMA BIOTECH INC 1,122 1,241
    Q2 HOLDINGS INC SHS 2,293 2,909
    QUAKER CHEMICAL CORP 2,084 2,404
    QUALCOMM INC 64,037 66,383
    QUIDEL CORP 1,927 2,226
    RANDSTAD NV 17,004 15,703
    RAPID7 ORD 978 1,518
    REALTY INCM CRP MD PV$1. REIT 34,042 43,768
    RED ELECTRICA CORP UNSPN ADR 29,820 28,833
    RED HAT INC 11,434 17,539
    REGENERON PHARMACTCLS 35,419 49,685
    RELX PLC 19,713 19,520
    REPLIGEN CORP COM 1,998 2,363
    REPSOL YPF S A SPND ADR 36,134 34,707
    REPUBLIC SERVICES INC 11,761 13,745
    RETROPHIN INC 1,996 1,878
    ROCHE HLDG LTD SPN ADR 106,707 114,450
    ROYAL DUTCH SHELL PLC SPONS ADR A 20,390 20,154
    RPM INTERNATIONAL INC 7,351 8,474
    RPT RLTY SH BEN INT 2,213 2,186
    SAFRAN SA-UNSPON ADR 35,926 40,079
    SANDVIK AB ADR 16,441 16,311
    SCHLUMBERGER LTD 184,868 114,110
    SCHWAB CHARLES CORP NEW 37,461 27,880
    SEI INVT CO PA PV $0.01 38,029 31,298
    SELECTIVE INS GRP INC 1,938 2,088
    SEMTECH CORPORATION 2,044 2,189
    SENSATA TECHNOLOGIES HLDG PLC REGISTE 15,638 14,857
    SHIONOGI AND CO LTD SHS 37,899 38,931
    SILICON LABS INC 1,576 1,375
    SIMON PROPERTY GROUP DEL REIT 14,562 16,399
    SMITH-NPHW PLC SPADR NEW 27,639 29,762
    SONY CORP ADR NEW 55,684 49,505
    SOUTH JERSEY IND 2,218 2,309
    SPARK THERAPEUTICS INC 479 1,253
    SPECTRUM PHARMACEUTICALS 1,080 941
    SPIRE INC 2,467 2,798
    SPLUNK INC COMMON SHARES 17,967 18,815
    SRC ENERGY INC 107 72
    STANLEY BLACK & DECKER INC 20,477 20,289
    STARBUCKS CORP 43,672 58,506
    STATE STREET CORP 57,815 43,435
    STD BANK GROUP LTD SHS SPONSORED ADR 31,987 30,060
    STERLING BANCORP 541 484
    STEVEN MADDEN LTD SHS 2,630 2,775
    STIFEL FINANCIAL CORP 2,250 2,269
    STMICROELECTRONICS NY SH 16,250 13,959
    SUMITOMO CHEMICAL CO-UNS 32,152 28,709
    SUPERNUS PHARMACEUTICALS INC 1,158 1,016
    SWEDBANK AB ADR 20,114 12,441
    SYNNEX CORP 343 382
    TABULA RASA HEALTHCARE INC SHS 1,209 1,072
    TAISEI CORP ADR 17,369 17,763
    TELENET GROUP HLDG NV SHS UNSP ADR 19,257 19,957
    TENNECO INC DEL 1,734 1,064
    TESCO PLC SPNRD ADR 22,100 22,768
    TETRA TECH INC NEW 1,814 1,966
    TEXAS INSTRUMENTS 120,731 167,378
    THERMO FISHER SCIENTIFIC INC 48,369 63,229
    TIFFANY & CO NEW 14,739 15,516
    TOKYO ELECTRON LTD SHS 14,092 13,821
    TRAVELERS COS INC 74,192 79,004
    U S SILICA HLDGS INC COMMON STOCK 768 660
    ULTRAGENYX PHARMACEUTICAL INC SHS 1,039 1,248
    UMPQUA HLDGS CORP ORE 992 726
    UNILEVER PLC NEW ADR 44,895 48,196
    UNION PACIFIC CORP 87,030 103,162
    UNITED PARCEL SVC CL B 23,979 24,024
    UNITEDHEALTH GROUP INC 102,902 111,020
    UNTD OVERSEAS BK SPN AOR 21,608 20,089
    UPM KYMMENE OY SPSD ADR 26,201 24,757
    US BANCORP 79,071 75,466
    US ECOLOGY INC 1,307 1,176
    VALERO ENERGY CORP NEW 14,267 10,689
    VALLEY NATL BANCORP N J 1,499 1,341
    VANDA PHARMACEUTICALS IN 1,894 1,417
    VARIAN MEDICAL SYS INC 24,860 29,903
    VERIZON COMMUNICATNS COM 34,038 38,789
    VF CORPORATION 12,330 13,384
    VISA INC CL A SHRS 131,856 157,127
    VMWARE INC 11,432 15,885
    VOLVO AB-A SHS-UNSPON ADR 48,216 50,373
    VORNADO REALTY TRUST COM REIT 13,774 13,016
    WAGEWORKS INC 1,153 1,246
    WALMART INC 14,791 15,702
    WEC ENERGY GROUP INC SHS 37,857 48,555
    WELLS FARGO & CO NEW DEL 92,033 88,377
    WH GROUP LTD SHS ADR 20,743 24,336
    WHEELOCK AND CO LTD ADR ADR 15,408 17,374
    WNS HOLDINGS LTD SPN ADR 2,110 2,397
    WOODWARD INC 837 1,044
    WORTHINGTON INDSTRS OHIO 1,786 1,642
    WRIGHT MEDICAL GROUP NV EUR0.03 1,920 2,296
    WSFS FINANCIAL CORP 2,051 1,737
    WW GRAINGER INCORP 26,936 27,686
    WYNDHAM HOTELS AND RESORTS INC REG 8,107 6,849
    WYNN MACAU LTD SHS UNSP ADR 18,895 17,335
    XCEL ENERGY INC 58,329 70,656
    YELP INC CL A 1,304 1,173
    YUM BRANDS INC 23,951 28,346
    YUM CHINA HOLDINGS INC SHS 34,033 40,913
    ZOETIS INC 27,166 33,120

    TY 2018 OtherExpensesSchedule
    Name:
    THE GARNER FOUNDATION
    EIN:
    31-1471961
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 225 0   225
    BANK CHARGES 959 959   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE GARNER FOUNDATION
    EIN:
    31-1471961
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FOREIGN TAX CREDIT 959 959 959
    SECURITIES LITIGATION 1,047 1,047 1,047
    TAX REFUNDS AND OTHER 1,687   1,687


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE GARNER FOUNDATION
    EIN:
    31-1471961
    Description Beginning of Year - Book Value End of Year - Book Value
    DEPOSIT IN TRANSIT 0 75,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE GARNER FOUNDATION
    EIN:
    31-1471961
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 149,585 149,585   0
    OTHER CONSULTING 9,100 4,550   4,550


    TY 2018 TaxesSchedule
    Name:
    THE GARNER FOUNDATION
    EIN:
    31-1471961
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 3,720 3,720   0
    STATE FILING FEE 61 0   61
    EXCISE TAX 8,269 0   0