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 08-01-2018 , and ending 07-31-2019
Name of foundation
CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O NWSB 1030 STATE STREET SUITE 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ERIE, PA16501
A Employer identification number

16-6151608
B Telephone number (see instructions)

(814) 871-5959
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$12,252,384J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 332,512 332,512  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 163,088
b Gross sales price for all assets on line 6a 478,136
7 Capital gain net income (from Part IV, line 2)... 163,088
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 4,375 1,554  
12 Total. Add lines 1 through 11........ 499,975 497,154  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 25,149 12,575   12,575
14 Other employee salaries and wages...... 46,781 0 0 46,781
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 450 450 0 0
c Other professional fees (attach schedule).... Click to see attachment 29,371 29,371   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 66,317 6,884   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 9,407     750
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 177,475 49,280 0 60,106
25 Contributions, gifts, grants paid....... 436,478 436,478
26 Total expenses and disbursements. Add lines 24 and 25 613,953 49,280 0 496,584
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -113,978
b Net investment income (if negative, enter -0-) 447,874
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 610,758 366,097 366,097
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,282,373 Click to see attachment6,480,694 8,685,745
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,532,099 Click to see attachment3,221,221 3,133,506
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment38,860 Click to see attachment67,036 Click to see attachment67,036
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,464,090 10,135,048 12,252,384
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 attachment210,000  
23 Total liabilities (add lines 17 through 22)......... 210,000 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........ 10,254,090 10,135,048
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 10,254,090 10,135,048
31 Total liabilities and net assets/fund balances (see instructions). 10,464,090 10,135,048
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
10,254,090
2
Enter amount from Part I, line 27a .....................
2
-113,978
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,937
4
Add lines 1, 2, and 3 ..........................
4
10,145,049
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,001
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
10,135,048
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 50000. WASHINGTON ST ECONOMIC DEV FIN 4.50000% 10/01/2018   2012-02-09 2018-10-01
b 60000. WELLS FARGO BK N A CD 1.550% DUE 12/31/2018   2016-07-05 2018-12-31
c .7 ENBRIDGE INC   2012-02-09 2019-01-04
d 55000. PACIFIC GAS & ELEC CO NOTE 3.750% DUE 02/15/2024   2018-07-24 2019-01-23
e 150000. GOLDMAN SACHS BK USA NY 2.20000% 02/15/2019 CD   2012-02-10 2019-02-15
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 50,000   50,000  
b 60,000   60,618 -618
c 23   66 -43
d 43,116   54,364 -11,248
e 150,000   150,000  
      174,997
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       -618
c       -43
d       -11,248
e        
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 163,088
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 652,267 12,093,748 0.053934
2016 599,267 11,367,976 0.052715
2015 563,209 11,007,613 0.051165
2014 729,098 11,832,990 0.061616
2013 598,604 11,793,368 0.050758
2
Total of line 1, column (d) .....................
2
0.270188
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
0.054038
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
11,868,323
5
Multiply line 4 by line 3......................
5
641,340
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,479
7
Add lines 5 and 6........................
7
645,819
8
Enter qualifying distributions from Part XII, line 4,.............
8
496,584
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 8,957
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 8,957
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,957
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 9,057
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,057
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 20
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 80
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet80 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    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 ofbulletNORTHWEST SAVINGS BANK Telephone no.bullet (814) 452-1000

    Located atbullet1030 STATE ST STE 100ERIEPA ZIP+4bullet16501
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Northwest Bank TRUSTEE
    8     		25,149    
    1030 STATE STREET STE 100
    ERIE,PA16501
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    11,605,635
    b
    Average of monthly cash balances.......................
    1b
    443,424
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,049,059
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,049,059
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    180,736
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,868,323
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    593,416
    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
    593,416
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    8,957
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,957
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    584,459
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    584,459
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    584,459
    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
    496,584
    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
    496,584
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    496,584
    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 7 584,459
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 16,529
    b From 2014...... 145,164
    c From 2015...... 19,875
    d From 2016...... 42,493
    e From 2017...... 71,726
    fTotal of lines 3a through e........ 295,787
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 496,584
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 496,584
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 87,875 87,875
    (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 5 207,912
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		207,912
    10 Analysis of line 9:
    a Excess from 2014.... 73,818
    b Excess from 2015.... 19,875
    c Excess from 2016.... 42,493
    d Excess from 2017.... 71,726
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CARNAHAN-JACKSON FOUNDATION
    PO BOX 3326
    JAMESTOWN,NY147015045
    (716) 483-1015
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OUTLINING: NEED FOR GRANT & ATTACHED COPY OF APPLICANTS TAX EXEMPT STATUS LETTER.
    cAny submission deadlines:
    APPLICATIONS CONSIDERED IN JUNE & SEPTEMBER
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    EDUCATIONAL INSTITUTIONS AND CHARITABLE ORGANIZATIONS LOCATED IN AND/OR SERVING THE JAMESTOWN, NY AREA.
    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
    ROGER TORY PETERSON INSTITUTE
    311 CURTIS STREET
    JAMESTOWN,NY14701     		NONE N/A UNRESTRICTED GENERAL 17,580
    ST SUSAN CENTER
    31 WATER STREET
    JAMESTOWN,NY14701     		NONE PC SUPPORTS PROGRAM SERVICES 2,000
    WNY PUBLIC BROADCASTING ASSO
    PO BOX 1263
    BUFFALO,NY142401263     		NONE PC SUPPORTS NAMED ORGANIZATION 2,625
    THE SALVATION ARMY
    615 SLATERS LANE 1112
    ALEXANDRIA,VA22314     		NONE PC SUPPORTS THE SALVATION ARMY 13,500
    YMCA CAMP ONYAHSA
    101 EAST FOURTH STREET
    JAMESTOWN,NY14701     		NONE PC GENERAL OPERATIONS 2,500
    SOLDIERS BEST FRIEND
    14505 N 75TH AVE
    PEORIA,AZ85381     		NONE PC SUPPORT CHARITABLE 1,000
    MYERS MEMORIAL LIBRARY
    6 FALCONER ST
    FREWSBURG,NY14738     		NONE PC TO ADVANCE CHARITY PURPOSE 40,000
    THE AMERICAN NATIONAL RED CROSS
    430 17TH ST NW
    WASHINGTON,DC20006     		NONE PC SUPPORT CHARITY ACTIVITIES 5,200
    ACADEMY CADETS JUNIOR DRUM AND
    BUGLE CORPS INC
    1637 ST MARKS AVE
    BROOKLYN,NY11233     		NONE PC CHARITABLE PURPOSE 3,700
    AUDUBON COMMUNITY NATURE CENTER
    1600 RIVERSIDE RD
    JAMESTOWN,NY14701     		NONE PC CHARITABLE PURPOSE 18,000
    HAZELTINE PUBLIC LIBRARY
    891 BUSTI-SUGAR GROVE RD
    JAMESTOWN,NY14701     		NONE PC CHARITABLE PURPOSE 11,700
    BEMUS POINT UNITED METHODIST CHURCH
    4954 BEMUS-ELLERY RD
    BEMUS POINT,NY14712     		NONE PC CHARITABLE PURPOSE 2,800
    UNITED NEGRO COLLEGE FUND
    1805 7TH STREET NW
    NW WASHINGTON,DC20001     		NONE PC UNRESTRICTED- GENERAL 5,250
    Girl Scouts of Western New York Inc
    3332 WALDEN AVE STE 106
    Depew,NY14043     		NONE PC UNRESTRICTED- GENERAL 5,000
    YWCA OF JAMESTOWN
    401 NORTH MAIN STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 58,500
    CHAUTAUQUA LAKE ASSOCIATION INC
    429 E TERRACE AVENUE
    LAKEWOOD,NY14750     		NONE PC UNRESTRICTED- GENERAL 10,000
    UNITED WAY OF SOUTHERN CHAUTAUQUA
    CNTY
    413 N MAIN STREET
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 25,000
    CHAUTAUQUA STRIDERS INC
    301 E 2ND ST STE 102
    JAMESTOWN,NY14701     		NONE PC UNRESTRICTED- GENERAL 35,000
    CHAUTAUQUA REGIONAL YOUTH BALLET
    9 1/2 FALCONER STREET
    JAMESTOWN,NY14701     		NONE PC GENERAL OPERATION 1,500
    CHAUTAUQUA COUNTY HUMANE
    SOCIETY
    2825 STRUNK ROAD
    JAMESTOWN,NY14701     		NONE PC GENERAL OPERATIONS 4,500
    CHAUTAUQUA FOUNDATION
    1 AMES AVENUE PO BOX 28
    CHAUTAUQUA,NY14722     		NONE PC UNRESTRICTED- GENERAL 1,500
    Camp Mission Meadows
    5201 EAST LAKE RT 430
    DEWITTVILLE,NY14728     		NONE PC UNRESTRICTED- GENERAL 1,300
    Fredonia College Foundation of
    State University of New York Inc
    272 CENTRAL AVE
    FREDONIA,NY14063     		NONE PC UNRESTRICTED- GENERAL 83,334
    Impact Campus Fellowship
    520 FAIRMOUNT AVE
    Jamestown,NY14701     		NONE PC GENERAL OPERATIONS 5,500
    UNITED CHRISTIAN ADVOCACY NETWORK
    PO BOX 202
    LAKEWOOD,NY14750     		NONE PC GENERAL OPERATIONS 50,000
    BEMUS POINT LIBRARY
    13 MAIN STREET
    BEMUS POINT,NY14712     		NONE PC GENERAL OPERATIONS 4,289
    THE RELIEF ZONE
    5 FREW RUN STREET PO BOX 334
    FREWSBURG,NY14738     		NONE PC UNRESTRICTED- GENERAL 25,200
    Total .................................bullet 3a 436,478
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 332,512  
    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 ............     		    18 163,088  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aADDITION TO ACCOUN     		    1 2,821  
    bENBRIDGE ENERGY PA       1,554  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   499,975  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    499,975
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 450 450    

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT & T INC 97,659 110,663
    AMGEN INCORP COM 92,766 256,921
    APACHE CORP 111,458 25,641
    APPLE COMPUTER 97,059 297,830
    BARON SMALL CAP INSTL 592,960 723,473
    BECTON DICKINSON & CO 67,591 222,464
    WILLIAM BLAIR INTL GWTH CL N 310,411 399,706
    CISCO SYS INC 92,695 256,779
    CITIGROUP INC 77,723 162,245
    COSTCO WHOLESALE CORP 102,094 333,512
    DIAGEO PLC ADS 101,923 183,568
    DODGE & COX INTL STK FD 307,584 381,130
    GOLDMAN SACHS GROUP INC 77,823 147,487
    HSBC HLDGS PLC SPONSORED ADR N 78,452 70,481
    INTEL CORP 144,445 270,443
    JOHNSON & JOHNSON COM 112,948 225,281
    ISHARE NASQAQ BIOTECHNOLOGY    
    LOWES COMPANIES INC COM 76,163 286,151
    MS INSTI FDS GLOBAL RE PTF C    
    NESTLE SA-SPONSORED ADR 53,412 96,625
    ALERIAN MLP ETF 106,099 99,755
    PAYCHEX INC COM 83,448 219,252
    WEYERHOUSER CO 120,220 121,968
    PROCTER & GAMBLE CO COM 87,568 161,715
    PRUDENTIAL FINANCIAL INC 75,832 130,690
    ROYAL DUTCH SHELL PLC 171,147 163,118
    ROYCE TOTAL RETURN #267 684,689 600,056
    SANOFI-AVENTIS SPONSORED ADR 64,223 71,724
    SUNCOR ENERGY INC 76,249 64,575
    TOTAL S.A. ADR 75,233 76,575
    TUPPERWARE BRANDS 102,658 25,108
    UNILEVER PLC ADR NEW 47,635 87,775
    UNITED TECHNOLOGIES CORP 104,158 167,000
    VALERO ENERGY CORP NEW 41,240 152,853
    VAN ECK GLOBAL HARD ASSET CL Y 280,627 162,952
    VERIZON COMMUNICATIONS COM 104,195 151,993
    WELLS FARGO & CO NEW COM 78,409 123,446
    BP PLC SPONSORED ADR 67,248 71,413
    MONDELEZ INTL INC 56,664 121,422
    ASTRAZENECA PLC SPONS ADR 60,077 77,226
    MCDONALDS CORPORATION 59,990 109,785
    PHILP MORRIS INT INC 59,946 56,102
    TATE & LYLE PLC ADR    
    WISDOMTREE INT EQUITY FUND 399,461 304,850
    BRITISH AMERICAN TOBACCO ADR 48,883 25,141
    EMERSON ELECTRIC COMPANY 70,011 75,910
    MICROSOFT CORP COM 70,014 130,410
    SPDR EURO STOXX 50    
    WISDOMTREE EUROPE SMALLCAP DIV 125,032 105,645
    PRINCIPAL GLOBAL REAL ESTATE S 438,481 468,662
    WISDOMTREE INTERNATIONAL EQUIT    
    ISHARES MSCI EUROPE SMALL-CAP 126,091 108,224

    TY 2018 InvestmentsOtherSchedule2
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMGEN INC BOND 4.10% AT COST 74,950 71,804
    BERSHIRE HATHAWAY INC DEL 3.75 AT COST 53,166 51,636
    GE CAP RETAIL BK DRAPER UTAH      
    GE CAP FINL INC CD 2.90% AT COST 55,778 55,903
    GENERAL ELECTRIC CAP CORP 4.27 AT COST 79,415 76,427
    GEORGIA MUN ELEC AUTH PWR AT COST 60,956 62,584
    GOLDMAN SACHS BK USA NY 2.8000 AT COST 100,000 101,726
    GOLDMAN SACHS GROUP INC 3.996% AT COST 39,624 39,578
    HARDIN CNTY TENN TAXABLE GO      
    KELLOGG CO NOTES 4.15% AT COST 77,229 70,296
    LOCKHEED MARTIN CORPSR NT AT COST 55,624 50,250
    METROPOLITAN TRANSIT AUTH NY AT COST 52,023 53,357
    NEW JERSEY ST TRANSNTR FD AUTH      
    OMNICOM GROUP INC NOTE 4.45 AT COST 76,865 71,336
    SAIC INC GTG SR NT AT COST 76,666 71,007
    SUNTRUST BK ATLANTA FR      
    TOYOTA MTR CRD CORP NT-B AT COST 72,866 66,228
    WASHINGTON ST ECONOMIC DEV FIN      
    WILDWOOD N J GEN IMPT BDS AT COST 71,284 71,148
    ENBRIDGE ENERGY PARTNERS, L.P. AT COST 70,438 24,809
    AT&T INC NOTE 2.450% 6/30/2020 AT COST 51,597 49,998
    ABBVIE INC NOTE 3.200% 11/6/22 AT COST 63,210 61,003
    AMERICAN EXPESS CENT BK CD 3.8 AT COST 54,762 50,085
    BANK OF AMERICA MTN 4.462% DUE AT COST 20,139 20,250
    BED BATH & BEYOND 3.749% 8/1/2 AT COST 68,373 60,497
    CELGENE CORP NOTE 3.250% 8/15/ AT COST 63,150 61,509
    EXPRESS SCRIPTS NOTE 3.000% 7/ AT COST 76,679 75,878
    GOLDMAN SACHS GROUP INC 4.462%      
    JPMORGAN CHASE & CO 3.29% DUE AT COST 70,021 70,539
    LABRATORY CORP 3.20% 2/1/2022      
    LAWRENCE TWP IND SCHL 2.650% 7 AT COST 50,855 50,483
    MORGAN STANLEY 3.125% 5/17/202 AT COST 79,978 80,500
    MORGAN STANLEY DW 2.875% 11/30 AT COST 25,463 24,781
    PITNEY BOWES INC NOTE 4.625% 3 AT COST 64,920 54,000
    UNUM GROUP NOTE 4.000% 3/15/20 AT COST 64,042 62,888
    WELLS FARGO CO 3.450% 2/13/202 AT COST 79,178 77,068
    WELLS FARGO BANK NA CD 1.550% AT COST 60,000 60,019
    BANK AMER CORP MTN 4.200% DUE      
    CAPITAL ONE FINL CORP BOND 3.5 AT COST 49,598 51,627
    CAPITAL ONE BK USA NATL ASSN C AT COST 48,477 49,902
    CARDINAL HEALTH INC NOTE 3.500 AT COST 53,837 55,875
    DISCOVER BANK CD 3.00% DUE 8/0 AT COST 75,000 76,364
    DISCOVER BANK CD 2.750% DUE 8/ AT COST 75,000 75,567
    DISCOVER BANK CD 3.150% DUE 8/ AT COST 60,000 61,780
    EQUIFAX INC NOTE CALL 3.950% D AT COST 50,285 52,073
    PIMCO REAL RETURN FUND INSTL AT COST 311,009 317,047
    LEGG MASON INC NOTE CALL 3.950 AT COST 55,285 57,572
    PACIFIC GAS & ELEC CO NOTE 3.7      
    VENTAS REALTY LP CAP CRP 3.250 AT COST 49,516 50,988
    WELLS FARGO BANK NATL ASN CD 3 AT COST 70,000 71,764
    WELLS FARGO BANK NATL ASN CD 2      
    WILDWOOD NJ GEN IMPT BDS 4.000      
    ISHARES 0 TO 5 YEAR TIPS BOND      
    BANK OF AMER CORP MTN 4.200% D AT COST 50,734 53,077
    ISHARES 0 TO 5 YEAR TIPS BOND AT COST 300,066 301,301
    LABORATORY CORP AMER HLDGS 3.2 AT COST 63,163 60,982

    TY 2018 OtherAssetsSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CHECKING ACCOUNT ENDING BALANC 38,860 67,036 67,036


    TY 2018 OtherDecreasesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Amount
    ROUNDING ADJUSTMENT 2
    RETURN OF CAPITAL BASIS ADJUSTMENTS 9,175
    2019 INCOME TAXED IN 2018 824


    TY 2018 OtherExpensesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS EPTL FILING FEE 750 0   750
    MISC EXPENSES 761 0   0
    INSURANCE EXPENSE 986 0   0
    RENT 6,910 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ADDITIONS TO ACCOUNT 2,821 0  
    ENBRIDGE ENERGY PARTNERS 1,554 1,554  


    TY 2018 OtherIncreasesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Amount
    ACCRUED INTEREST PAID ON BOND PUCHASES 3,679
    2017 INCOME TAXED IN 2018 1,258


    TY 2018 OtherLiabilitiesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Description Beginning of Year - Book Value End of Year - Book Value
    AMOUNT DUE TO BROKERS 210,000  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 29,371 29,371    


    TY 2018 TaxesSchedule
    Name:
    CARNAHAN-JACKSON FOUNDATION XXX-XX-XXXX
    EIN:
    16-6151608
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL ESTIMATES PAID 9,057 0   0
    FEDERAL TAX PAYMENT (PRIOR YEA 9,166 0   0
    FOREIGN TAXES 6,884 6,884   0
    NY INCOME TAX (INDIVIDUAL) 4,199 0   0
    FEDERAL PAYROLL WITHHOLDING 37,011 0   0