Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 04-01-2018 , and ending 03-31-2019
Name of foundation
Teichert Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3500 American River Drive
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Sacramento, CA95864
A Employer identification number

68-0212355
B Telephone number (see instructions)

(916) 484-3011
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$8,518,763J 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) 1,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 15,736 15,736  
4 Dividends and interest from securities... 216,209 216,209  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 181,859
b Gross sales price for all assets on line 6a 3,002,219
7 Capital gain net income (from Part IV, line 2)... 181,859
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 87 87  
12 Total. Add lines 1 through 11........ 1,413,891 413,891  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 162,988     162,988
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 260      
b Accounting fees (attach schedule)....... Click to see attachment 8,813     8,813
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,042 2,878    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 2,813     2,813
21 Travel, conferences, and meetings....... 26,905     26,905
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 244,031 57,679   185,767
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 454,852 60,557   387,286
25 Contributions, gifts, grants paid....... 436,181 436,181
26 Total expenses and disbursements. Add lines 24 and 25 891,033 60,557   823,467
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 522,858
b Net investment income (if negative, enter -0-) 353,334
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............. 780,964 374,006 374,006
2 Savings and temporary cash investments.........   991,861 991,861
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,065,070 Click to see attachment5,004,394 5,004,394
c Investments—corporate bonds (attach schedule)....... 2,040,769 Click to see attachment1,949,632 1,949,632
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 195,203 Click to see attachment198,870 198,870
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) 8,082,006 8,518,763 8,518,763
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........ 500,000 500,000
28 Paid-in or capital surplus, or land, bldg., and equipment fund 701,995 701,995
29 Retained earnings, accumulated income, endowment, or other funds 6,880,011 7,316,768
30 Total net assets or fund balances (see instructions)..... 8,082,006 8,518,763
31 Total liabilities and net assets/fund balances (see instructions). 8,082,006 8,518,763
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
8,082,006
2
Enter amount from Part I, line 27a .....................
2
522,858
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,604,864
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
86,101
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,518,763
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 248,000 fv CD Bank of China P 2018-07-24 2018-11-15
b 248,000 fv CD Bank of NY Mellon P 2018-07-24 2018-10-29
c 248,000 fv CD Farmers BK & TR P 2018-07-24 2018-11-13
d 248,000 fv CD First Midwest 2.25% P 2018-11-13 2019-02-21
e 248,000 fv CD First Republic 2.30% P 2018-11-15 2019-02-22
248,000 fv CD Home Svgs and Ln Comp P 2018-07-24 2018-11-08
248,000 fv CD Mizrahi Tefaho 2.25% P 2018-11-09 2019-02-19
248,000 fv CD Sanrander Bank 2.20% P 2018-11-29 2019-02-07
500 shs Cisco Systems Inc Com P 2006-03-10 2018-09-04
1,500 shs Corning Inc P 2017-01-31 2018-09-04
300 shs Disney (Walt) Co Com Stk P 2004-06-17 2018-09-04
500 shs Emerson Elec Co P 2017-06-20 2018-06-27
3,070 shs Fluor Corp New Del Com P 2012-01-13 2018-06-27
300 shs Fluor Corp New Del Com P 2018-01-18 2018-06-27
138 shs Garrett Motion Inc P 2009-03-18 2018-12-19
200 shs Honeywell Intl Inc Del P 2009-03-18 2018-06-27
3,750 shs Intl Paper Co P 2017-06-02 2019-03-05
100,000 fv Metlife Inc 4.75% Feb0821 P 2017-02-27 2018-12-17
400 shs Microchip Technology Inc P 2016-09-22 2018-06-27
800 shs Microsoft Corp P 2008-02-22 2018-09-04
1,500 shs Pfizer Inc P 2016-04-07 2018-09-04
2,250 shs Procter & Gamble Co Com P 2013-09-10 2018-05-30
230 shs Residio Technologies Inc P 2009-03-18 2018-12-19
700 shs Royal Dutch Shell Plc P 2010-07-30 2018-09-04
(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 248,000   248,000  
b 248,000   248,000  
c 248,000   248,000  
d 248,000   248,000  
e 248,000   248,000  
248,000   248,000  
248,000   248,000  
248,000   248,000  
23,881   11,394 12,487
50,061   39,468 10,593
33,412   7,381 26,031
34,805   30,242 4,563
151,098   143,274 7,824
14,765   17,721 -2,956
1,768   422 1,346
28,941   6,664 22,277
173,227   202,075 -28,848
103,560   108,833 -5,273
37,018   24,210 12,808
84,383   20,159 64,224
62,159   49,047 13,112
168,279   135,207 33,072
5,340   1,157 4,183
45,522   39,106 6,416
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        
b        
c        
d        
e        
       
       
       
      12,487
      10,593
      26,031
      4,563
      7,824
      -2,956
      1,346
      22,277
      -28,848
      -5,273
      12,808
      64,224
      13,112
      33,072
      4,183
      6,416
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 2 181,859
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 738,616 8,290,316 0.08909
2016 787,099 8,508,986 0.09250
2015 765,137 8,934,830 0.08564
2014 886,219 9,727,502 0.09110
2013 782,132 9,794,592 0.07985
2
Total of line 1, column (d) .....................
2
0.438188
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
0.087638
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
8,384,697
5
Multiply line 4 by line 3......................
5
734,818
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,533
7
Add lines 5 and 6........................
7
738,351
8
Enter qualifying distributions from Part XII, line 4,.............
8
823,467
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 3,533
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,533
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,533
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 5,200
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,667
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,667 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 ofbulletNorm Eilert Telephone no.bullet (916) 484-3011

    Located atbullet3500 American River DrSacramentoCA ZIP+4bullet95864
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FREDERICK A TEICHERT Executive Direc
    32.00     		162,988    
    3500 AMERICAN RIVER DRIVE
    Sacramento,CA95864
    ANNE S HASLAM Secretary
    2.50     		0    
    3500 AMERICAN RIVER DRIVE
    Sacramento,CA95864
    Norm Eilert Treasurer
    3.00     		0    
    3500 AMERICAN RIVER DRIVE
    Sacramento,CA95864
    Len McCandliss Director
    1.00     		0    
    3500 AMERICAN RIVER DRIVE
    Sacramento,CA95864
    JUDSON T RIGGS Director
    1.00     		0    
    3500 AMERICAN RIVER DRIVE
    Sacramento,CA95864
    MELITA M TEICHERT Director
    1.00     		0    
    3500 AMERICAN RIVER DRIVE
    Sacramento,CA95864
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    7,165,160
    b
    Average of monthly cash balances.......................
    1b
    1,347,223
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,512,383
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,512,383
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    127,686
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,384,697
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    419,235
    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
    419,235
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    3,533
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,533
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    415,702
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    415,702
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    415,702
    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
    823,467
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    823,467
    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
    3,533
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    819,934
    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 7 415,702
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 301,582
    b From 2014...... 418,066
    c From 2015...... 326,721
    d From 2016...... 369,460
    e From 2017...... 334,028
    fTotal of lines 3a through e........ 1,749,857
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 823,467
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 415,702
    e Remaining amount distributed out of corpus 407,765
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,157,622
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		301,582
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,856,040
    10 Analysis of line 9:
    a Excess from 2014.... 418,066
    b Excess from 2015.... 326,721
    c Excess from 2016.... 369,460
    d Excess from 2017.... 334,028
    e Excess from 2018.... 407,765
    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:
    ALLEGRA PICKETT GRANTS MANAGER
    PO BOX 15002
    SACRAMENTO,CA958511002
    (916) 484-3255
    bThe form in which applications should be submitted and information and materials they should include:
    All Applications must be submitted via egrant. In addition to the applicant Organization's name, tax ID Number and a general description of proposed use of grant proceeds, applicants must submit the following: 1) Proposal narrative, 2) Board of directors/affiliations, 3) Program Budget, and 4) Operational budget for agency..
    cAny submission deadlines:
    AUGUST 31, 2018 AND FEBRUARY 22, 2019
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE GEOGRAPHIC REACH OF THE FOUNDATION COINCIDES GENERALLY WITH THE AREAS IN WHICH TEICHERT CONSTRUCTION AND TEICHERT AGGREGATES DO BUSINESS. THE FOLLOWING COUNTIES ARE WITHIN THE SCOPE OF FOUNDATION GRANTING ACTIVITY: Alameda, Alpine, Amador, Calaveras, Colusa, Contra Costa, El Dorado, Fresno, Madera, Mariposa, Merced, Mono, Monterey, Nevada, Placer, Sacramento, San Benito, San Joaquin, San Mateo, Santa Clara, Solano, Stanislaus, Sutter, Tuolumne, Tulare, Washoe, Yolo, and Yuba THE FOUNDATION WILL NOT CONSIDER GRANTS TO THE FOLLOWING TYPES OF ORGANIZATIONS OR FOR THE FOLLOWING PURPOSES:RELIGIOUS ORGANIZATIONS FOR EXPLICIT RELIGIOUS ACTIVITIES, AS DISTINGUISHED FROM SOCIAL OR EDUCATIONAL ACTIVITIES POLITICAL ORGANIZATIONS OR POLITICAL CAMPAIGNS FRATERNAL ORGANIZATIONS, SOCIETIES, OR ORDERS COURTESY ADVERTISING OR TICKETS FOR BENEFITS TELEPHONE SOLICITATIONS NATIONAL FUNDRAISING EFFORTS
    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
    Alchemist CDC
    909 12th Street Suite 200
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    American Cancer Society
    1545 River Park Drive Suite 100
    Sacramento,CA95815     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 863
    American Leadership Forum
    1321 Garden Highway Suite 200
    Sacramento,CA95833     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    American Red Cross
    1565 Exposition Boulevard
    Sacramento,CA95815     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,785
    American River Parkway Foundation
    5700 Arden Way
    Carmichael,CA95608     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    B Street Theatre
    2711 B Street
    Sacramento,CA95816     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Auburn Placer Performing Arts Cente
    PO Box 7733
    Auburn,CA95604     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,500
    Big Brothers Big Sisters of N Nevad
    1300 Foster Drive
    Reno,NV89509     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Bonnie J Addario Lung Cancer Founda
    1100 Industrial Road 1
    San Carlos,CA94070     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 250
    Boys Girls Club of North Lake Tahoe
    8125 Steelhead Avenue
    Kings Beach,CA96143     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Boys Girls Club of Truckee Meadows
    2680 East 9th Street
    Reno,NV89512     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Boys Girls Club of Greater Sacramen
    5212 Lemmon Hill Avenue
    Sacramento,CA95824     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,450
    Cache Creek Conservancy
    PO Box 8249 34199 County Road 20
    Woodland,CA95695     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Calaveras County Office of Educatio
    PO Box 760
    Angels Camp,CA95221     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,100
    California CareForce
    950 Reserve Drive Suite 120
    Roseville,CA95678     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Community Against Sexual Harm
    PO Box 160022
    Sacramento,CA95816     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Childrens Choice for Hearing and Ta
    11100 Coloma Road
    Rancho Cordova,CA95670     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Community Food Bank
    3403 East Central Avenue
    Fresno,CA93725     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Court Appt Special Advocates of Sac
    PO Box 278383
    Sacramento,CA95827     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Davis Musical Theater Company
    607 Pena Drive Suite 10
    Davis,CA95618     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Court Appointed Special Advocates o
    PO Box 2362
    Merced,CA95344     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    ESL In-Home Program of Northern Nev
    1894 E William St 4-125
    Carson City,NV89701     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Exploring New Horizons
    PO Box 1514
    Felton,CA95018     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Ducks Unlimited - Placerville Chapt
    2347 Pinon Road
    Rescue,CA95672     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 250
    El Dorado Arts Council
    PO Box 2400
    Placerville,CA95667     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    First United Methodist Church
    6414 Brace Road
    Loomis,CA95650     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Food Bank of Northern Nevada
    550 Italy Drive
    McCarren,NV89434     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Foothill Food Pantry
    PO Box 373 10775 Texas Hill Road
    Dobbins,CA95935     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Friends of Alameda County CASA Inc
    1000 San Leandro Blvd Suite 300
    San Leandro,CA94577     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Future Citizens Foundation
    945 S Main Street Suite 210
    Salinas,CA93901     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Gallo Center for the Arts
    1000 I Street
    Modesto,CA95354     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Girl Scouts of Northern California
    1650 Harbor Bay Parkway Suite 100
    Alameda,CA94502     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Gritty City Repertory Youth Theatre
    1540 Broadway
    Oakland,CA94501     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Housing and Economic Rights Advocat
    PO Box 29435
    Oakland,CA94604     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    HomeAid Sacramento
    1536 Eureka Road
    Roseville,CA95661     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    KAVANAH
    1053 Perazzo Circle Suite 5
    Folsom,CA95630     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Lowell Community Development Corpor
    250 N Calaveras
    Fresno,CA93701     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Leukemia Lymphoma Society
    2143 Hurley Way Suite 110
    Sacramento,CA95825     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 350
    Los Rios Community College District
    1919 Spanos Court
    Sacramento,CA95825     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 8,000
    Meristem Inc
    9200 Fair Oaks Blvd
    Fair Oaks,CA95628     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Merced Bears Wrestling Club
    23 W Alexander PMB 455
    Merced,CA95348     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 500
    Mercy Housing California
    1038 Howard Street
    Sacramento,CA94103     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Monterey County Symphony Associatio
    2560 Garden Road Suite 101
    Monterey,CA93940     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    National Multiple Sclerosis Society
    1700 Owens Street Ste 190
    San Francisco,CA94158     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 200
    North Valley Animal Disaster Group
    PO Box 441
    Chico,CA95927     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 1,515
    Northern California Construction Tr
    8516 Fruitridge Road Ste O
    Sacramento,CA95826     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Placer Community Foundation
    PO Box 9207
    Auburn,CA95604     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Pioneer High School Wrestling Boost
    PO Box 386
    Woodland,CA95776     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 250
    Opportunity Stanislaus
    1625 I Street
    Modesto,CA95354     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Rebuilding Together Sacramento
    8231 Alpine Ave Suite 3
    Sacramento,CA95826     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    RAFT Resource Area For Teaching
    1355 Ridder Park Drive
    San Jose,CA95131     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Sacramento Blues Society
    PO Box 60580
    Fair Oaks,CA95628     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 100
    Sacramento Loaves Fishes
    1321 North C Street
    Sacramento,CA95811     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,100
    Sacramento Children's Home
    2750 Sutterville Road
    Sacramento,CA95820     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Sacramento Philharmonic Opera
    1030 15th Street Suite 200
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Sacramento Region Community Foundat
    555 Capitol Mall Suite 550
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 10,997
    Sacramento Theatre Company
    1419 H Street
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Salvation Army - Del Oro Division
    3755 North Freeway Blvd
    Sacramento,CA95834     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,865
    SAFE-D of El Dorado County Inc
    PO Box 1808
    Shingle Springs,CA95682     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 2,000
    Second Harvest Food Bank of San Joa
    704 E Industrial Park Dr
    Manteca,CA95337     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Sierra Forever Families
    8928 Volunteer Lane Suite 100
    Sacramento,CA95826     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Social and Environmental Entreprene
    23532 Calabasas Road Suite A
    Calabasas,CA91302     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Sierra Enterprise Elementary School
    9115 Fruitridge Road
    Sacramento,CA95826     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Stockton Shelter for the Homeless
    411 S Harrison Street
    Stockton,CA95203     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Sun Street Centers
    11 Peach Drive
    Salinas,CA93901     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    South Yuba River Citizens League
    313 Railroad Ave Ste 101
    Nevada City,CA95959     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Sunnyvale Community Services
    725 Kifer Road
    Sunnyvale,CA94086     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    The GreenHouse
    PO Box 348138
    Sacramento,CA95834     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Tuolumne River Preservation Trust
    1022 Fourteenth Street
    Modesto,CA95354     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    UC Davis Foundation
    One Shields Avenue
    Davis,CA95616     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 30
    Urban Roots
    100 Vine Street
    Reno,NV89503     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    United Samaritans Foundation
    220 South Broadway
    Turlock,CA95380     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Walnut Grove Fire Protection Distri
    PO Box 41
    Walnut Grove,CA95690     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 6,900
    Wayfinder Family Services
    2381 Mariner Square Drive Ste 275
    Alameda,CA94501     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Women's Empowerment
    1590 North A Street
    Sacramento,CA95811     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Yolo County CASA
    724 Main Street Suite 101
    Woodland,CA95695     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Yolo Food Bank
    1244 Fortna Avenue
    Woodland,CA95776     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,679
    Yuba Sutter Veterns Stand Down
    604 D Street
    Marysville,CA95901     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    3Stands Global
    3941 Park Drive Suite 20-200
    El Dorado Hills,CA95762     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    California Waterfowl Association
    1346 Blue Oaks Blvd
    Roseville,CA95678     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Friends of the Arts Commission
    1901 Alhambra Blvd
    Sacramento,CA95816     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Improve Your Tomorrow
    1017 L Street 632
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Interfaith Food Ministry
    440 Henderson Street
    Grass Valley,CA95945     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    KVIE - Public Television Channel 6
    2030 W El Camino Avenue
    Sacramento,CA95833     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Mutual Housing California
    8001 Fruitridge Road
    Sacramento,CA95820     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Nehemiah Community Foundation
    640 Bercut Drive Suite A
    Sacramento,CA95811     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    NeighborWorks Home Ownership Center
    2400 Alhambra Blvd
    Sacramento,CA95817     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Ronald McDonald House Charities of
    9161 Randall Way
    Madera,CA93636     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Sacramento SPCA
    6201 Florin Perkins Rd
    Sacramento,CA95828     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 250
    Crocker Art Museum Association
    216 O Street
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    MISSSEY Inc
    424 Jefferson Street
    Oakland,CA94607     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Positive Coaching Alliance
    1314 H Street Suite 202
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Ronald McDonald House Charities Nor
    2555 49th Street
    Sacramento,CA95817     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Central Valley Holocaust Educators
    PO Box 601165
    Sacramento,CA95860     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Saint John's Program for Real Chang
    2443 Fair Oaks Blvd 369
    Sacramento,CA95825     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Throwing Starfish Foundation
    330 Vernon Street Box 1203
    Roseville,CA95678     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 25
    Wender Weis Foundation for Children
    555 Bryant Street Suite 300
    Palo Alto,CA94301     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 2,500
    Friends of ACE
    2800 Vassar Street
    Reno,NV89502     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    North Valley Community Foundation
    260 Main Street Suite 260
    Chico,CA95928     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 2,030
    Placer Food Bank
    8284 Industrial Avenue
    Roseville,CA95678     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Stanislaus Partners in Education
    1100 H Street
    Modesto,CA95354     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Child Advocates of Nevada County
    200 Providence Mine Road Suite 208
    Nevada City,CA95959     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    CASA El Dorado
    347 Main Street
    Placerville,CA95667     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Team Giving Inc
    PO Box 510 9244 Old State Hwy 116
    New Castle,CA95658     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Women's Center - Youth Family Servi
    620 N San Joaquin Street
    Stockton,CA95202     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Big Sur Marathon Foundation
    PO Box 222620
    Carmel,CA93922     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Food Literacy Center
    2973 Third Avenue
    Sacramento,CA95817     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 250
    Loel Senior Center
    105 S Washington Street
    Lodi,CA95240     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Seniors First
    11566 D Avenue
    Auburn,CA95603     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Tender Loving Canines Assistance Do
    11440 West Bernardo Ct Suite 300
    San Diego,CA92127     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    University of Nevada Reno Foundatio
    Mail Stop 0007 1664 N Virginia St
    Reno,NV89557     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Break the Barriers Inc
    8555 N Cedar Avenue
    Fresno,CA93720     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Sacramento Habitat for Humanity Inc
    819 North 10th Street
    Sacramento,CA95811     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Fairfield Community Services Founda
    1000 Kentucky Street
    Fairfield,CA94533     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,500
    Camping Unlimited
    102 Brook Lane
    Boulder Creek,CA95006     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,700
    Trout Unlimited
    10035 Church Street Unit 1
    Truckee,CA96161     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 2,500
    Red Rover
    3800 J Street Suite 100
    Sacramento,CA95818     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 200
    Society for the Blind
    2750 24th Street
    Sacramento,CA95818     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Impact Foundry
    4700 Roseville Road Suite 211
    North Highlands,CA95660     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,000
    Northside PTA
    860 Cave Valley Road
    Cool,CA95614     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    Nehemiah Emerging Leaders Program
    640 Bercut Drive Suite A
    Sacramento,CA95811     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 5,000
    Reading Partners
    106 Linden Street 202
    Oakland,CA94607     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 3,011
    Down Syndrome Connection of the Bay
    101 Town and Country Drive
    Danville,CA94526     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 100
    Sacramento Food Bank
    3333 Third Avenue
    Sacramento,CA95817     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 100
    Sacramento Area Bicycle Advocates
    909 12th Street Suite 116
    Sacramento,CA95814     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 250
    Headwaters Science Institute
    PO Box 913
    Soda Springs,CA95728     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    CASA of San Benito County
    829 San Benito Street Suite 200
    Hollister,CA95023     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 4,000
    St Baldrick's Foundation
    1443 E Washington Boulevard 650
    Pasadena,CA91104     		  PC SUPPORT PUBLIC CHARITY PROGRAMS 81
    Total .................................bullet 3a 436,181
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 15,736  
    4 Dividends and interest from securities....     14 216,209  
    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 87  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 181,859  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   413,891  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    413,891
    (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: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    Teichert Foundation
     
    Employer identification number

    68-0212355
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Teichert Foundation
          		Employer identification number
    68-0212355
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    TEICHERT INC - CASH DONATION
     
    PO BOX 15002
     
    SACRAMENTO, CA95851

    		$ 1,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Teichert Foundation
          		Employer identification number

    68-0212355
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Teichert Foundation
          		Employer identification number

    68-0212355
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1

    TY 2018 AccountingFeesSchedule
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 8,813 0 0 8,813

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JPMORGAN CHASE & CO - 150,000 153,218 153,218
    GOLDMAN SACHS GROUP INC - 125,000 129,640 129,640
    BANK OF AMERICA CORP - 400,000 399,004 399,004
    METLIFE INC - 25,000 25,905 25,905
    AON CORP - 200,000 206,804 206,804
    PHILIP MORRIS INTL INC - 250,000 251,330 251,330
    BLACKROCK INC - 375,000 384,551 384,551
    ABBVIE INC - 400,000 399,180 399,180

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Cisco Systems Inc - 4,070 219,739 219,739
    PROCTER & GAMBLE Co. - 0    
    MICROSOFT CORP - 1,650 194,601 194,601
    HONEYWELL INTL INC DEL - 1,385 220,104 220,104
    LOCKHEED MARTIN CORP - 725 217,616 217,616
    DISNEY CO COM - 1,670 185,420 185,420
    nestle s a rep rg sh adr - 2,462 234,678 234,678
    JPMorgan Chase & Co. - 1,835 185,757 185,757
    FLUOR CORP NEW DEL COM - 0    
    ROYAL DUTCH SHELL PLC - 3,170 198,410 198,410
    JOHNSON AND JOHNSON COM - 1,591 222,406 222,406
    MERCK AND CO INC SHS - 3,230 268,639 268,639
    American International Grp, Inc. - 3,249 139,902 139,902
    DOWDUPONT INC COM - 2,662 141,911 141,911
    ALTRIA GROUP INC - 3,489 200,373 200,373
    BRISTOL-MYERS SQUIBB CO - 3,125 149,094 149,094
    DIAGEO PLC SPSD ADR NEW - 1,356 221,855 221,855
    GENL DYNAMICS CORP COM - 996 168,603 168,603
    CORNING INC - 5,765 190,822 190,822
    LEGG MASON INC - 5,663 154,996 154,996
    MICROCHIP TECHNOLOGY INC - 2,278 188,983 188,983
    PFIZER INC - 4,800 203,856 203,856
    EMERSON ELEC CO - 2,676 183,226 183,226
    INTL PAPER CO - 0    
    CHUBB LTD - 1,616 226,369 226,369
    ALPHABET INC - 187 220,078 220,078
    BECTON DICKINSON CO - 630 157,330 157,330
    MAXIM INTEGRATED PRODS - 3,027 160,946 160,946
    ANON PLC - 871 148,680 148,680

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SPDR PORTFOLIO INTERM - 5,820 FMV 198,870 198,870

    TY 2018 LegalFeesSchedule
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal 260 0 0 0


    TY 2018 OtherDecreasesSchedule
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    Market Value Adjustment from Securities 86,101


    TY 2018 OtherExpensesSchedule
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Asset Management Fees 57,434 57,434    
    Bank Service Charges 245 245    
    Contract Labor 171,445     171,445
    Filing Fees 85      
    Grant Management software / equip 14,322     14,322
    Miscellaneous 500      


    TY 2018 OtherIncomeSchedule2
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 87 87  


    TY 2018 TaxesSchedule
    Name:
    Teichert Foundation
    EIN:
    68-0212355
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Taxes 6,164      
    Foreign Taxes 2,878 2,878