Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Michael and Andrea Leven Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

27-4093841
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,054,718J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 450 450  
4 Dividends and interest from securities... 182,349 182,349  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 442,767
b Gross sales price for all assets on line 6a 5,882,349
7 Capital gain net income (from Part IV, line 2)... 442,767
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 5,758    
12 Total. Add lines 1 through 11........ 631,324 625,566  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 43,814 43,814    
17 Interest............... 8,208 8,208    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,200      
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 31,849 770   31,079
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,071 52,792   31,079
25 Contributions, gifts, grants paid....... 4,673,627 4,673,627
26 Total expenses and disbursements. Add lines 24 and 25 4,767,698 52,792   4,704,706
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,136,374
b Net investment income (if negative, enter -0-) 572,774
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 217,597 82,924 82,924
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)....... 5,960,471 Click to see attachment2,161,243 2,199,452
c Investments—corporate bonds (attach schedule)....... 5,063 Click to see attachment757 749
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,779,086 Click to see attachment1,576,970 1,771,593
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) 7,962,217 3,821,894 4,054,718
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 attachment5,456 Click to see attachment1,507
23 Total liabilities (add lines 17 through 22)......... 5,456 1,507
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 7,956,761 3,820,387
30 Total net assets or fund balances (see instructions)..... 7,956,761 3,820,387
31 Total liabilities and net assets/fund balances (see instructions). 7,962,217 3,821,894
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
7,956,761
2
Enter amount from Part I, line 27a .....................
2
-4,136,374
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,820,387
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,820,387
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 HPC DOUBLE BLK DMND D-D ESC P 2011-12-29 2018-02-09
c HPC DOUBLE BLK DMND D-D ESC P 2011-12-29 2018-05-08
d HPC DOUBLE BLK DMND D-D ESC P 2011-12-29 2018-08-13
e CS PLUS ON SX5E P 2016-12-29 2018-04-05
MS PLUS ON SPX P 2017-04-18 2018-08-03
CS JUMP ON SPX P 2017-01-17 2018-04-20
(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 4,988,393   4,638,943 349,450
b 17,164   14,404 2,760
c 25,787   21,279 4,508
d 18,931   14,956 3,975
e 270,574   250,000 20,574
282,250   250,000 32,250
279,250   250,000 29,250
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       349,450
b       2,760
c       4,508
d       3,975
e       20,574
      32,250
      29,250
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 2 442,767
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 4,439,024 10,597,318 0.418882
2016 3,720,944 13,701,505 0.271572
2015 3,249,284 17,356,889 0.187204
2014 2,497,007 23,637,995 0.105635
2013 1,272,871 18,325,032 0.069461
2
Total of line 1, column (d) .....................
2
1.052754
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
0.210551
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,273,608
5
Multiply line 4 by line 3......................
5
1,320,914
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,728
7
Add lines 5 and 6........................
7
1,326,642
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,704,706
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 5,728
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 5,728
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 5,728
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 13,400
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 13,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 7,672
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,800 RefundedBullet 11 1,872
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? Click to see attachment....................
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 changesClick to see attachment....
3
Yes
 
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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
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)
    bulletDE
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
     
    ........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
    Andrea Leven VP, Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Jon Leven VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael A Leven Pres, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    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
     
    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
    4,424,867
    b
    Average of monthly cash balances.......................
    1b
    63,910
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,880,368
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,369,145
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,369,145
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    95,537
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,273,608
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    313,680
    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
    313,680
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    5,728
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,728
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    307,952
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    307,952
    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
    307,952
    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
    4,704,706
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,704,706
    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
    5,728
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,698,978
    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 7 307,952
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 370,999
    b From 2014...... 1,334,141
    c From 2015...... 2,405,692
    d From 2016...... 3,053,145
    e From 2017...... 3,928,835
    fTotal of lines 3a through e........ 11,092,812
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,704,706
    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)........     		 
    d Applied to 2018 distributable amount..... 307,952
    e Remaining amount distributed out of corpus 4,396,754
    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 15,489,566
    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) ...     		370,999
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		15,118,567
    10 Analysis of line 9:
    a Excess from 2014.... 1,334,141
    b Excess from 2015.... 2,405,692
    c Excess from 2016.... 3,053,145
    d Excess from 2017.... 3,928,835
    e Excess from 2018.... 4,396,754
    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).)
    Andrea Leven
    Michael A Leven
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    ALPHA EPSILON PI FOUNDATION INC
    8815 WESLEYAN RD
    INDIANAPOLIS,IN46268     		N/A PC Alpha Epsilon Pi Michael A. Leven Advanced Leadership Institute Program 91,500
    AMERICAN FRIENDS OF BEIT HATFUTSOT
    633 3RD AVE 21ST FL
    NEW YORK,NY10017     		N/A PC Faith and Culture film in support of the Museum of Jewish People at Beit Hatfutsot 50,000
    AMERICAN FRIENDS OF THE ISRAEL SPORT CENTER FOR TH
    1 NORTHFIELD PLZ STE 300
    NORTHFIELD,IL60093     		N/A PC Atlanta Project: Adaptive Fitness Center and operating expenses for ISCD 100,000
    AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC
    220 E 42ND ST STE 400
    NEW YORK,NY10017     		N/A PC Entwine Program 70,000
    AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT
    6 HUTTON CENTRE DR STE 600
    SANTA ANA,CA92707     		N/A PC Charitable Event 125,000
    BIRTHRIGHT ISRAEL FOUNDATION
    PO BOX 21615
    NEW YORK,NY10087     		N/A PC Birthright Israel Program 125,000
    BNAI BRITH YOUTH ORGANIZATION INC
    800 8TH ST NW
    WASHINGTON,DC20001     		N/A PC Support curriculum development and deployment for the BBYO Leadership Academy Campaign 90,000
    BOSTON LATIN SCHOOL ASSOCIATION
    27 SCHOOL ST STE 300
    BOSTON,MA02108     		N/A PC director salary fund 28,942
    BOSTON LATIN SCHOOL ASSOCIATION
    27 SCHOOL ST STE 300
    BOSTON,MA02108     		N/A PC Michael A. Leven '55 Family Fund for Athletics 200,000
    BOSTON LATIN SCHOOL ASSOCIATION
    27 SCHOOL ST STE 300
    BOSTON,MA02108     		N/A PC Viterbi-Leven Fund for Technology to provide technology support personnel at BLS 50,000
    BOSTON UNIVERSITY TRUSTEES OF BOSTON UNIVERSITY
    595 COMMONWEALTH AVE STE 700
    BOSTON,MA02215     		N/A PC The Michael A. Leven MSMS Program 150,000
    BRANDEIS UNIVERSITY
    60 TURNER ST
    WALTHAM,MA02453     		N/A PC Jewish Futures Project 75,000
    CAMP YOUNG JUDAEA INC
    5410 BELLAIRE BLVD STE 207
    BELLAIRE,TX77401     		N/A PC Izzy Ezagui Book Project 70,000
    CAPITAL RESEARCH CENTER
    1513 16TH ST NW
    WASHINGTON,DC20036     		N/A PC Soros Study project 36,185
    CENTER FOR ENTREPRENEURIAL JEWISH PHILANTHROPY
    435 STRATTON RD
    NEW ROCHELLE,NY10804     		N/A PC General & Unrestricted 150,000
    CENTRAL FUND OF ISRAEL
    980 AVE OF THE AMERICAS FRNT 3
    NEW YORK,NY10018     		N/A PC JVP Campaign Work Megamot Shalom 50,000
    DELEGATION OF JEWISH AMERICAN STUDENTS
    1806 COLFAX ST
    EVANSTON,IL60201     		N/A PC KAHAL Campus Scale Grant Fund 50,000
    ELI AND BESSIE COHEN CAMPS
    888 WORCESTER ST STE 350
    WELLESLEY,MA02482     		N/A PC Aaron and Blanche Gordon Facility at Camp Tevya PrOJECT 125,000
    FOUNDATION FOR THE DEFENSE OF DEMOCRACIES INC
    PO BOX 33249
    WASHINGTON,DC20033     		N/A PC Military Center/QME projects & CSIF, including cryptocurrency research 100,000
    FOUNDATION OF THE HOSPITALITY SALES AND MARKETING
    7918 JONES BRANCH DR STE 300
    MCLEAN,VA22102     		N/A SO I HSMAI Europe Grant for 2018-2019 50,000
    FOUNDATION OF THE HOSPITALITY SALES AND MARKETING
    7918 JONES BRANCH DR STE 300
    MCLEAN,VA22102     		N/A SO I Charitable Event 100,000
    FUENTE LATINA INC
    1125 NE 125TH ST STE 300 3
    NORTH MIAMI,FL33161     		N/A PC Miami Office Operations Project 125,000
    HEBREW BENEVOLENT CONGREGATION THE TEMPLE
    1589 PEACHTREE ST NE
    ATLANTA,GA30309     		N/A PC Andrea and Michael Leven Jewish Identity Institute 200,000
    HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE - PEN
    121 SIBLEY AVE
    ARDMORE,PA19003     		N/A PC Center for Jewish Innovation Fund 50,000
    HILLELS OF GEORGIA INC
    735 GATEWOOD RD NE
    ATLANTA,GA30322     		N/A PC Campus SuperStar Appeal Program 25,000
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGTON BLVD MS 1C5
    ARLINGTON,VA22201     		N/A PC Director of Placement Strategy Fund 100,000
    INSTITUTE FOR HUMANE STUDIES
    3434 WASHINGTON BLVD MS 1C5
    ARLINGTON,VA22201     		N/A PC Leven Fellowships Fund 100,000
    INTERCOLLEGIATE STUDIES INSTITUTE INC
    3901 CENTERVILLE RD
    WILMINGTON,DE19807     		N/A PC Charitable Event 60,000
    INTERFAITHFAMILY COM INC
    90 OAK ST 4TH FL
    NEWTON,MA02464     		N/A PC General & Unrestricted 81,000
    INTERFAITHFAMILY COM INC
    90 OAK ST 4TH FL
    NEWTON,MA02464     		N/A PC InterfaithFamily/Atlanta Project 90,000
    ISRAEL EMERGENCY ALLIANCE - STANDWITHUS
    6505 WILSHIRE BLVD 5TH FL
    LOS ANGLELES,CA90048     		N/A PC Summer 2018 INSIGHT trips for College Leaders ProgRAM 25,000
    JERUSALEM FOUNDATION INC
    420 LEXINGTON AVE STE 1645
    NEW YORK,NY10170     		N/A PC Jerusalem Press Club 40,000
    JEWISH EDUCATION CENTER OF SOUTH FLORIDA INC
    500 NE SPANISH RIVER BLVD STE 15
    BOCA RATON,FL33431     		N/A PC Camp Nageela summer camp Program 18,000
    JEWISH JUMPSTART
    2801 OCEAN PARK BLVD 348
    SANTA MONICA,CA90405     		N/A PC to fund the hiring of a shareholder advocacy professional for Jewish communal concerns 50,000
    JEWISH KIDS GROUPS FOUNDATION INC
    1440 SPRING ST NW
    ATLANTA,GA30309     		N/A PC Interfaith Family Enrollment Initiative 50,000
    JOHNSON & WALES UNIVERSITY - CHARLOTTE CAMPUS
    801 W TRADE ST
    CHARLOTTE,NC28202     		N/A PC Free Markets and the American Identity Course and Center for Free Market Studies Project 42,000
    KINGS COLLEGE
    56 BROADWAY
    NEW YORK,NY10004     		N/A PC Cornerstone Building Campaign 150,000
    KOL HANEARIM INC
    767 3RD AVE
    NEW YORK,NY10017     		N/A PC 2019 Scholarships FUND for Jewish college students to staff Kol HaNearim summer programs at children's homes in Israel 15,000
    METRO ATLANTA COMMUNITY MIKVAH INCORPORATED
    700 MOUNT VERNON HWY NE
    ATLANTA,GA30328     		N/A PC 2018 Mitzvah for the Mikvah Program 20,000
    MOISHE HOUSE
    441 SAXONY RD BARN 2
    ENCINITAS,CA92024     		N/A PC Moishe House Boca-South Palm Beach Project 60,000
    MUSEUM OF THE BIBLE INC
    7507 SW 44TH ST
    OKLAHOMA CITY,OK73179     		N/A PC the Jerusalem and Rome Exhibit Program 50,000
    NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY
    101 S INDEPENDENCE MALL E
    PHILADELPHIA,PA19106     		N/A PC Educational Programming 50,000
    NEW YORK UNIVERSITY
    25 W 4TH ST 4TH FL
    NEW YORK,NY10012     		N/A PC Charitable Event 25,000
    P E F ISRAEL ENDOWMENT FUNDS INC
    630 3RD AVE 15TH FL
    NEW YORK,NY10017     		N/A PC in support of 90 Leven Fellows scholarship FUND for the 2018-19 academic year at Hadassah Academic College, AND towards the costs of supporting activities 155,000
    P E F ISRAEL ENDOWMENT FUNDS INC
    630 3RD AVE 15TH FL
    NEW YORK,NY10017     		N/A PC TO FUND THE construction of two biotechnology laboratories on the campus of Hadassah College 150,000
    P E F ISRAEL ENDOWMENT FUNDS INC
    630 3RD AVE 15TH FL
    NEW YORK,NY10017     		N/A PC IMPACT-se Palestinian Curriculum Campaign 25,000
    PACE ACADEMY INC
    966 W PACES FERRY RD NW
    ATLANTA,GA30327     		N/A PC Aim High Campaign in support of the Upper School and the Riverview Stadium Expansion Project 100,000
    PRAGER UNIVERSITY FOUNDATION
    15021 VENTURA BLVD 552
    SHERMAN OAKS,CA91403     		N/A PC General & Unrestricted 100,000
    ROBERT W WOODRUFF ARTS CENTER - ALLIANCE THEATRE
    1280 PEACHTREE ST NE
    ATLANTA,GA30309     		N/A PC Alliance Theatre Campaign 25,000
    SIMON WIESENTHAL CENTER
    1399 S ROXBURY DR
    LOS ANGELES,CA90035     		N/A PC People, Book, Land Exhibit production partnership with Hillel International Program 50,000
    SWC MUSEUM CORP
    1399 S ROXBURY DR
    LOS ANGELES,CA90035     		N/A PC Museum of Tolerance - Jerusalem Project 50,000
    THE ELECTRIC INFRASTRUCTURE SECURITY
    13400 WASHINGTON BLVD STE 206
    MARINA DEL REY,CA90292     		N/A PC Complex Catastrophe 2017 Video Development ProjeCT 125,000
    THE JEWISH INSTITUTE FOR NATIONAL SECURITY OF AMER
    1101 14TH ST NW STE 1030
    WASHINGTON,DC20005     		N/A PC in support of the COO position 100,000
    TRUSTEES OF TUFTS COLLEGE
    PO BOX 3306
    BOSTON,MA02241     		N/A PC to establish the Michael and Andrea Leven Scholars at the School of Arts and Sciences at Tufts University 110,000
    TURNING POINT USA NFP
    217 1/2 ILLINOIS ST
    LEMONT,IL60439     		N/A PC Campus Leadership Project 225,000
    UNION OF ORTHODOX JEWISH CONGREGATIONS OF AMERICA
    7200 W CAMINO REAL STE 214
    BOCA RATON,FL33433     		N/A PC TJJ Israel Summer Scholarships FUND 40,000
    YEHUDI INC
    3790 ROYAL PALM AVE
    MIAMI BEACH,FL33140     		N/A PC The Michael and Andrea Leven Family Foundation Costa Rica Fellowships Program 36,000
    ZIONIST ORGANIZATION OF AMERICA
    633 3RD AVE STE 31-B
    NEW YORK,NY10017     		N/A PC Fuel For Truth Program 70,000
    Total .................................bullet 3a 4,673,627
    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 ...........     		    14 450  
    4 Dividends and interest from securities....     14 182,349  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 442,767  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFederal Tax Refund     		    01 5,758  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   631,324  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    631,324
    (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

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

    TY 2018 DepreciationSchedule
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALGONQUIN POWER & UTIL CORP - 757 749

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 6,230 6,669
    ACCENTURE PLC 16,398 28,907
    ADOBE SYSTEMS, INC 19,174 36,651
    AEGON NV PFD - 6.375% 3,102 2,994
    AEGON NV PFD - 6.500% 1,553 1,477
    AEGON NV PFD STOCK SER I FLOAT 1,763 1,338
    AGNC INVESTMENT PFD SER C 752 758
    ALIGN TECHNOLOGY, INC 6,050 13,822
    ALLSTATE CORP 6.625% SER D 845 759
    ALLSTATE CORP SER E PFD STK 6. 1,931 1,784
    ALLSTATE CORP SUB DE FIXED TO 4,486 3,886
    ALPHABET INC CL A 9,727 15,674
    ALPHABET INC CL C 21,501 38,318
    ALTRIA GROUP INC 5,390 3,803
    AMER INTERNATIONAL GROUP INC 10,014 7,094
    AMERICAN CENTURY EMERGING MRKT 24,600 20,270
    AMERICAN FINANCIAL GROUP 817 733
    AMERICAN HOMES 4 R 824 733
    AMERICAN HOMES 4 RENT PFD D 841 721
    AMERICAN HOMES 4 RENT PFD E 1,678 1,462
    AMTRUST FINANCIAL SERVICES 1,658 1,284
    AMTRUST FINANCIAL SERVICES INC 2,492 1,280
    AMTRUST FINANCIAL SERVICES, IN 837 655
    ANGEL OAK MULTI-STRATEGY INCOM 21,118 20,896
    ANNALY CAPITAL MANAGEMENT INC 750 743
    APOLLO INVESTMENT CORPORATION 2,379 2,210
    APPLE INC 13,598 24,923
    ARCH CAP GROUP LTD NON CUM DEP 1,697 1,382
    ARCH CAPITAL GROUP LTD PFD - 5 1,654 1,391
    ASPEN INSURANCE HOLDINGS LIMIT 3,461 2,761
    ASPEN INSURANCE PERP 3,390 2,751
    ASSURED GUARANTY MUNICIPAL HOL 2,416 2,290
    AT&T INC NT PFD - 5.625% - 08/ 2,008 1,878
    AT&T, INC 10,361 7,135
    AUTOMATIC DATA PROCESSING INC 23,942 34,485
    BAC CAPITAL PFD 6.20% 5,024 4,770
    BAC CAPITAL TR V PFD - 6.500% 3,222 2,995
    BAC CAPITAL TRUST I PREFERRED 3,288 3,027
    BANCO SANTANDER PFD - CLASS B 1,773 1,420
    BANK AMERICA CORPORATION PERP 1,501 1,506
    BANK OF AMERICA CORP PFD 779 768
    BARON EMERGING MARKETS FUND 19,346 22,048
    BCE INC 8,539 7,629
    BLACKROCK STRAT INC OPP PORTFO 22,451 22,192
    BOEING CO 13,432 14,513
    BOOKING HOLDINGS INC 12,280 15,502
    BRIGHTSPHERE INVT GROUP LLC 3,495 2,987
    CAPITAL ONE FINANCIAL CO NON-C 4,138 3,752
    CAPITAL ONE FINANCIAL CO NON 797 758
    CHARLES SCHWAB SER D PFD 3,262 2,975
    CHEVRON CORP 8,082 7,615
    CHS INC - PFD CLASS B 3,399 2,880
    CHS INC PFD - 6.750% - 12/31/2 6,855 5,726
    CHS INC PFD 7.10% CL B 7,056 5,802
    CHUBB LIMITED 19,152 18,473
    CISCO SYSTEMS INC 19,177 21,622
    CITIGROUP CAP TR IX PFD - 6.00 1,629 1,530
    CITIGROUP CAPITAL XIII - 7.875 2,979 3,013
    CITIGROUP INC 18,938 14,004
    CITIGROUP INC PFD SER D - 6.87 9,815 8,967
    CITIGROUP INC PFD SER J - 7.12 2,476 2,200
    CLEARBRIDGE ENERGY MLP FUND 18,439 19,123
    CMS ENERGY CORPORATION PFD 772 746
    COLONY CAP INC NEW CUM PFD E 804 694
    COLONY CAP INC NEW CUM PFD J - 2,392 1,753
    COMCAST CORP 11,158 10,385
    CONOCOPHILLIPS 6,847 8,729
    CONSTELLATION BRANDS INC 4,283 3,538
    CORNING INC 5,067 6,193
    CROWN CASTLE INTL 8,445 10,428
    DIAGEO PLC ADS 9,391 11,344
    DIGITAL REALTY TR PFD SER H - 3,362 2,975
    DIGITAL REALTY TRUST PFD SER C 1,110 1,086
    DOLLAR GENERAL CORP 22,686 30,262
    DOUBLELINE TOTAL RETURN BOND 14,597 14,007
    DOWDUPONT INC 9,889 9,306
    DUKE ENERGY CORP NEWJR SB DB - 775 738
    EBAY PFD STK SENIOR NOTES - 6. 3,190 3,032
    ELI LILLY & CO 3,602 5,439
    ENBRIDGE INC PFD 6.375% 4,873 4,496
    ENSTAR GROUP 7.00% NON CUML SE 2,296 2,129
    EXXON MOBIL CORP 7,323 6,205
    FACEBOOK INC 35,833 35,525
    FARMLAND PARTNERS PFD SER B 1,930 1,333
    FEDERATED FLOATING RATE STRATE 4,278 4,118
    FITB - 6.625% - PFD SER 1 5,067 4,372
    FNB CORP 7.25% PFD 3,210 2,800
    GARTNER INC 14,079 20,582
    GENUINE PARTS COMPANY 4,813 4,993
    GLOBAL INDEMNITY LTD 2,207 2,133
    GLOBAL NET LEASE CUM RED PRF S 449 444
    GMAC CAPITAL TRUST I - 8.125% 9,687 9,658
    GOLDMAN SACHS EMERGING MARKETS 28,350 21,746
    GOLDMAN SACHS GP PFD - 6.375% 5,842 5,207
    GOLDMAN SACHS GROUP PFD SER J 3,338 2,952
    GOLDMAN SACHS GROUP PFD SHS SE 1,642 1,522
    GOLDMAN SACHS PFD SER D - 4.00 2,524 1,995
    GUGGENHEIM LIMITED DURATION FU 6,996 6,957
    GUGGENHEIM MACRO OPPORTUNITIES 24,061 23,502
    GUGGENHEIM TOTAL RETURN BOND F 22,360 22,162
    HARTFORD FINL SVCS GRP PFD - 7 3,416 2,981
    HARTFORD FINL SVCS GRP PFD G - 752 757
    HEALTH CARE PPTY INVS INC 5,499 5,111
    HERSHA HOSPITALITY TRUST 56,549 46,098
    HERSHA HOSPITALITY TRUST PFD E 249,999 207,900
    HERSHA HOSPITALITY TRUST PREF 249,999 219,999
    HILTON WORLDWIDE HOLDINGS, INC 9,159 10,626
    HOME DEPOT INC 7,820 10,309
    HSBC HOLDINGS PLC 4,830 5,139
    HUNTINGTON BANCSHARES 2,409 2,209
    INTEL CORP 4,578 5,866
    INVESCO MTG CAP- 7.75% PFD SER 766 765
    JOHNSON & JOHNSON 6,292 7,098
    JOHNSON CONTROLS INTERNATIONAL 8,230 5,900
    JP MORGAN 6.10% PFD G 1,637 1,532
    JP MORGAN CHASE 12,817 17,474
    JP MORGAN CHASE & CO PFD SER D 775 776
    JP MORGAN CHASE PFD SER Y - 6. 822 761
    JPM NON-CUM PFD SER W - 6.300% 1,659 1,522
    KEYCORP 6.125% DEP PFD SERIES 4,638 4,493
    KIMBERLY CLARK CORP 5,906 5,811
    KIMCO REALTY PFD SER I - 6.000 804 768
    MASTERCARD INC 23,230 39,239
    MATTHEWS ASIA PACIFIC EQUITY I 23,392 22,677
    MATTHEWS PACIFIC TIGER FUND 21,828 24,179
    MB FINANCIAL INC - 6.00% - PR 794 718
    MERCK & CO INC 5,948 7,259
    MICROSOFT CORP 60,217 71,404
    MORGAN STANLEY - 6.375% PFD CL 6,618 5,879
    MORGAN STANLEY PFD K 1,547 1,481
    MORGAN STANLEY PFD SER A 1,657 1,441
    MORGAN STANLEY PFD SER E - 7.1 3,366 2,953
    MORGAN STANLEY PFD SER F - 6.8 6,696 5,905
    N S GROUP INC 1,577 1,430
    NATIONAL RETAIL PROP PFD SER E 1,625 1,472
    NATIONAL STORAGE AFFILIATES TR 799 718
    NESTLE S.A 20,150 21,535
    NEW YORK CMNTY BANCORP CUML SE 4,707 4,130
    NEXTERA ENERGY, INC 21,384 25,030
    NIKE INC-CL B 23,494 38,182
    NISOURCE INC 6.5% SER B PFD 1,469 1,477
    NOVARTIS AG ADR 5,552 6,522
    NVIDIA CORP 28,506 14,018
    O'REILLY AUTOMOTIVE INC 22,288 35,122
    OPPENHEIMER DEVELOPING MARKETS 16,660 17,083
    ORACLE CORP 17,438 21,446
    PARTNERRE LTD PFD H 6,853 5,769
    PEOPLES UNITED FINANCIAL INC 5,567 4,775
    PEPSICO INC 3,186 5,303
    PFIZER INC 5,249 6,940
    PHILIP MORRIS INTL 6,447 4,807
    PNC FINANCIAL GROUP INC 13,225 10,522
    PNC FINANCIAL SERVICES PFD SER 8,177 7,079
    PROCTER GAMBLE CO 4,939 6,986
    PRUDENTIAL FINANCIAL INC PFD - 768 733
    PUBLIC STORAGE SERIES Z CUM 6. 706 676
    QWEST CORP PFD STOCK - 6.625% 1,684 1,225
    QWEST CORP SR NOTES 6.500% - 0 5,272 3,842
    QWEST CORPORATION 4,939 3,690
    RAYTHEON CO 15,345 19,169
    REGENERON PHARMACEUTICALS INC 19,595 19,796
    REGIONS FINANCIAL CORP NEW MON 2,533 2,182
    REINSURANCE GROUP OF AMERICA I 7,276 6,382
    REINSURANCE GRP OF AMER 6.20% 5,002 4,203
    ROYAL DUTCH SHEL PLC SPONS ADR 6,886 7,133
    SCE TRUST IV NEW MONEY PFD SER 1,012 711
    SCE TRUST IV PFD K 1,968 1,441
    SCHLUMBERGER LTD 39,222 18,726
    SELECT SECTOR SPDR ENERGY FUND 23,838 21,105
    SELECT SECTOR SPDR UTILITIES 5,468 5,345
    SELECT SECTOR SPDR-HEALTH CARE 22,786 21,281
    SIEMENS AG 8,768 7,178
    STARBUCKS CORP COM 23,681 29,753
    STATE STREET 5.35% - CLASS B 4,139 3,606
    STATE STREET CORP NEW MONEY PF 4,702 4,235
    STIFEL FINANCIAL CORPS SER A 6 1,632 1,483
    STIFEL FINL CORP SER B 5.200% 902 739
    SUNTRUST BKS INC 9,583 7,112
    SYNOVUS FINCL CORP PFD SER D - 770 721
    TCF FINANCIAL PFD SER D 909 822
    TCW EMERGING MARKETS INCOME FU 21,833 20,741
    TELEPHONE & DATA SYSTEMS INC 4,887 4,377
    TEMPLETON EMERGING MRKTS SMALL 12,342 11,539
    TORCHMARK CAP TR III PFD C 1,564 1,482
    TRAVELERS COMPANIES INC 6,128 6,227
    TWO HARBORS INVT CO - 7.25% 1,592 1,510
    TWO HARBORS PREF B 7.625 % 862 844
    UNILEVER N V N Y 4,503 5,810
    UNITED STATES CELLULAR CORPORA 810 707
    UNITED STATES CELLULAR CORP 1,560 1,395
    UNITEDHEALTH GROUP INC 7,538 9,965
    URSTADT BIDDLE PRO CUM RED PRE 528 491
    US BANCORP DEL SER K PFD - 5.5 878 864
    US BANCORP PFD STK - 6.500% 2,820 2,542
    VALLEY NATIONAL BANKCORP PFD S 912 772
    VALLEY NATL BANCORP - 6.250% - 1,734 1,440
    VEREIT INC PFD SER F 4,251 3,904
    VERIZON COMMUNICATIONS 9,283 10,682
    VISA INC 24,145 41,165
    WALGREENS BOOTS ALLIANCE 4,587 4,510
    WALT DISNEY HOLDINGS CO 6,241 12,610
    WELLS FARGO & CO 7,908 6,636
    WELLS FARGO NON-CUM PFD STOCK 320 301
    WELLS FARGO PFD NON-CUM - 5.85 3,226 2,924
    WELLS FARGO PFD SER R - 6.625% 11,806 10,959
    WELLS FARGO PFD SHS SER W - 5. 778 714
    WELLTOWER INC. 7,620 7,705
    WESTERN ALLIANCE BAN CORP 1,531 1,487
    WINTRUST FIN CORP - 6.500% - P 4,158 3,665
    WR BERKLEY CORP PFD C 1,647 1,427
    WR BERKLEY CORP PFD D 893 785
    ZIONS BANCORPORATION 6.3% SRS 4,827 4,385
    ZOETIS INC 13,915 17,022

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE RE DEBT STRATEGIES   268,899 282,214
    CITI TRIGGER JUMP ON EEM   200,000 167,400
    CS JUMP ON SPX   250,000 218,250
    CS JUMP ON SX5E   200,000 172,800
    HPC MILLENNIUM INT LTD D ESC   300,000 503,410
    HPC STARBOARD VALUE LTD D ESC   100,000 169,102
    JPM JUMP ON SPX WITH AVERAGING   250,000 231,750
    RIVERVIEW (F/K/A AIP) SELECT M   8,071 26,667

    TY 2018 LiquidationExplanationStmt
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Statement:
    As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2018, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $4,673,627. This amount represents 25% or more of the Foundation's net assets of $9,082,807 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


    TY 2018 OtherExpensesSchedule
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 31,054     31,054
    Bank Charges 770 770    
    State or Local Filing Fees 25     25


    TY 2018 OtherIncomeSchedule2
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Federal Tax Refund 5,758    


    TY 2018 OtherLiabilitiesSchedule
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Description Beginning of Year - Book Value End of Year - Book Value
    OUTSTANDING OPTIONS 5,456 1,507


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 43,814 43,814    


    TY 2018 TaxesSchedule
    Name:
    Michael and Andrea Leven Family Foundation
    EIN:
    27-4093841
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 5,600      
    990-T EXTENSION FOR 2017 4,600