Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
HOLDEN CLARENCE CHARITABLE TR-MAIN
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

20-8014086
B Telephone number (see instructions)

(888) 730-4933
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$3,141,162J 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... 69,663 67,088  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 110,804
b Gross sales price for all assets on line 6a 1,440,480
7 Capital gain net income (from Part IV, line 2)... 110,804
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).......      
12 Total. Add lines 1 through 11........ 180,467 177,892  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,224 41,601   4,622
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,160 0 0 1,160
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,606 1,453   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 26 1   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,016 43,055 0 5,807
25 Contributions, gifts, grants paid....... 175,466 175,466
26 Total expenses and disbursements. Add lines 24 and 25 226,482 43,055 0 181,273
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -46,015
b Net investment income (if negative, enter -0-) 134,837
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......... 75,230 250,860 250,860
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).......      
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).......... 2,768,903 Click to see attachment2,551,940 2,890,302
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) 2,844,133 2,802,800 3,141,162
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 2,844,133 2,802,800
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)..... 2,844,133 2,802,800
31 Total liabilities and net assets/fund balances (see instructions). 2,844,133 2,802,800
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
2,844,133
2
Enter amount from Part I, line 27a .....................
2
-46,015
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,260
4
Add lines 1, 2, and 3 ..........................
4
2,805,378
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,578
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,802,800
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 243. NEWELL RUBBERMAID INC   2016-08-12 2018-01-31
b 371. NEWELL RUBBERMAID INC   2017-03-08 2018-01-31
c 3. AMAZON COM INC COM   2017-11-30 2018-02-09
d 2. AMAZON COM INC COM   2016-02-04 2018-02-09
e 23. NETFLIX.COM INC   2017-08-23 2018-02-09
2. AMAZON COM INC COM   2017-11-30 2018-03-13
369. BLUE BUFFALO PET PRODUCTS INC   2017-03-08 2018-03-13
18. NETFLIX.COM INC   2017-06-05 2018-03-13
83. XPO LOGISTICS INC   2017-06-05 2018-03-13
41. ESTEE LAUDER COMPANIES INC   2015-11-19 2018-04-04
37. PALO ALTO NETWORKS INC   2015-12-21 2018-04-04
253. STARBUCKS CORP COM   2013-01-03 2018-04-04
77. BOSTON SCIENTIFIC CORP COM   2015-04-14 2018-05-08
48. HOME DEPOT INC   2013-02-20 2018-05-08
34. PPG INDUSTRIES INC   2018-01-31 2018-05-08
38. PPG INDUSTRIES INC   2014-08-22 2018-05-08
30000. MINNESOTA ST HSG FIN 1.350% 7/01/18   2014-02-12 2018-07-01
7. ALIGN TECHNOLOGY INC   2015-08-03 2018-07-13
16. NETFLIX.COM INC   2017-06-05 2018-07-13
16. SALESFORCE COM INC   2016-12-12 2018-07-13
87303.75 US TREASS INFL IND 1.375% 7/15/18   2009-12-18 2018-07-15
2978.407 DODGE & COX INCOME FD COM #147   2017-07-27 2018-07-18
44. ESTEE LAUDER COMPANIES INC   2011-07-01 2018-07-18
28. PALO ALTO NETWORKS INC   2015-12-21 2018-07-18
1579. SPDR DOW JONES REIT ETF   2012-09-14 2018-07-18
30. SALESFORCE COM INC   2016-12-12 2018-07-18
1235. VANGUARD INTERMEDIATE TERM B   2017-01-17 2018-07-18
5000. AQR MANAGED FUTURES STR-I   2013-09-25 2018-07-27
10995.135 EATON VANCE GLOBAL MACRO - I   2017-01-23 2018-07-27
3450.439 MERGER FUND-INST #301   2017-07-14 2018-07-27
488.452 DODGE & COX STOCK FUND #145   2006-12-12 2018-08-09
735. ISHARES CORE S&P SMALL-CAP E   2017-01-25 2018-08-09
17. O'REILLY AUTOMOTIVE INC   2016-08-12 2018-08-21
6. FIVE BELOW INC   2018-08-21 2018-09-05
176. CELGENE CORP COM   2009-08-10 2018-09-12
261. HALLIBURTON CO   2017-03-08 2018-09-12
5. FIVE BELOW INC   2018-08-21 2018-09-17
72. EDUCATION REALTY TRUST INC   2018-08-21 2018-09-20
31. BOJANGLES' INC   2018-08-21 2018-10-03
130. BOSTON SCIENTIFIC CORP COM   2015-04-14 2018-10-03
17. HOME DEPOT INC   2013-02-20 2018-10-10
38. O'REILLY AUTOMOTIVE INC   2016-08-12 2018-10-10
9. FIVE BELOW INC   2018-08-21 2018-10-16
4. MASIMO CORP   2018-08-21 2018-10-16
30. PDC ENERGY INC   2018-08-21 2018-10-22
96. BOJANGLES' INC   2018-08-21 2018-11-07
65. SOUTHSIDE BANCSHARES INC   2018-08-21 2018-11-26
13. UNITED BANKSHARES INC COM   2018-08-21 2018-11-26
20. ALPHABET INC/CA   2010-11-23 2018-11-27
31. BROADCOM INC   2017-08-29 2018-11-27
168. WALT DISNEY CO   2018-03-13 2018-11-27
105. PPG INDUSTRIES INC   2014-08-22 2018-11-27
279. SMITH A O CORP CL B   2017-08-23 2018-11-27
34. VISA INC-CLASS A SHRS   2013-11-04 2018-11-27
7391.763 EATON VANCE GLOB MACRO ADV-I 208   2018-07-27 2018-12-19
13427.505 FIDELITY NEW MRKTS INC-I   2014-09-12 2018-12-19
1395.673 ROBECO BP LNG/SHRT RES-INS   2014-09-12 2018-12-19
1770.956 T ROWE PR REAL ESTATE-I #432   2017-01-17 2018-12-19
1485. SPDR DJ WILSHIRE INTERNATIONAL REAL   2010-11-26 2018-12-19
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 6,360   13,328 -6,968
b 9,710   15,010 -5,300
c 3,954   3,519 435
d 2,636   1,060 1,576
e 5,631   3,889 1,742
3,183   2,346 837
14,694   8,980 5,714
5,680   3,019 2,661
8,547   4,823 3,724
6,180   3,216 2,964
6,955   6,693 262
14,829   6,826 8,003
2,285   1,380 905
8,817   3,848 4,969
3,620   4,032 -412
4,046   3,897 149
30,000   30,000  
2,543   438 2,105
6,398   2,640 3,758
2,355   1,124 1,231
87,304   83,773 3,531
40,000   41,191 -1,191
6,179   2,685 3,494
6,057   4,697 1,360
146,282   121,241 25,041
4,405   2,108 2,297
99,960   103,265 -3,305
43,550   50,000 -6,450
97,307   98,566 -1,259
57,001   55,000 2,001
103,923   66,598 37,325
64,312   51,009 13,303
5,596   4,873 723
682   671 11
15,230   5,010 10,220
10,014   13,280 -3,266
653   559 94
2,988   2,984 4
483   448 35
5,017   2,329 2,688
3,332   1,129 2,203
13,042   10,649 2,393
1,045   1,007 38
474   460 14
1,395   1,554 -159
1,540   1,389 151
2,155   2,364 -209
463   517 -54
21,121   5,890 15,231
7,352   7,523 -171
19,088   17,429 1,659
11,139   10,641 498
12,840   15,129 -2,289
4,609   1,678 2,931
70,000   74,361 -4,361
192,550   215,500 -22,950
20,000   21,117 -1,117
45,000   50,596 -5,596
54,900   60,388 -5,488
      13,069
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -6,968
b       -5,300
c       435
d       1,576
e       1,742
      837
      5,714
      2,661
      3,724
      2,964
      262
      8,003
      905
      4,969
      -412
      149
       
      2,105
      3,758
      1,231
      3,531
      -1,191
      3,494
      1,360
      25,041
      2,297
      -3,305
      -6,450
      -1,259
      2,001
      37,325
      13,303
      723
      11
      10,220
      -3,266
      94
      4
      35
      2,688
      2,203
      2,393
      38
      14
      -159
      151
      -209
      -54
      15,231
      -171
      1,659
      498
      -2,289
      2,931
      -4,361
      -22,950
      -1,117
      -5,596
      -5,488
       
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 2 110,804
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 167,159 3,420,138 0.048875
2016 167,010 3,231,186 0.051687
2015 180,490 3,449,680 0.052321
2014 191,948 3,586,483 0.05352
2013 338,126 3,479,672 0.097172
2
Total of line 1, column (d) .....................
2
0.303575
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
0.060715
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
3,496,772
5
Multiply line 4 by line 3......................
5
212,307
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,348
7
Add lines 5 and 6........................
7
213,655
8
Enter qualifying distributions from Part XII, line 4,.............
8
181,273
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 2,697
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 2,697
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 2,697
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,242
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,805
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,047
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,350
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,350 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)
    bulletMN
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4bullet27101
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    Wells Fargo Bank NA TRUSTEE
    1     		46,224    
    100 N MAIN ST MAC D4001-117
    WINSTON SALEM,NC27101
    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
    3,421,124
    b
    Average of monthly cash balances.......................
    1b
    128,898
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,550,022
    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
    3,550,022
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    53,250
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,496,772
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    174,839
    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
    174,839
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,697
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,697
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    172,142
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    172,142
    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
    172,142
    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
    181,273
    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
    181,273
    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
    181,273
    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 7 172,142
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:2016, 2015, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 145,557
    b From 2014...... 13,994
    c From 2015...... 9,963
    d From 2016...... 7,782
    e From 2017...... 0
    fTotal of lines 3a through e........ 177,296
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 181,273
    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..... 172,142
    e Remaining amount distributed out of corpus 9,131
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 186,427
    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) ...     		145,557
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		40,870
    10 Analysis of line 9:
    a Excess from 2014.... 13,994
    b Excess from 2015.... 9,963
    c Excess from 2016.... 7,782
    d Excess from 2017.... 0
    e Excess from 2018.... 9,131
    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).)
    NONE
    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.
    NONE
    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
    SHRINERS HOSPITALS FOR CHILDREN
    PO BOX 31356
    BRAINERD,MN564013505     		NONE PC GENERAL OPERATING 9,235
    ESSENTIA HEALTH FOUNDATION
    502 EAST SECOND STREET
    DULUTH,MN55805     		NONE PC GENERAL OPERATING 9,235
    THE SALVATION ARMY
    ATTN LEGAL DEPARTMENT
    HOFFMAN ESTATES,IL60192     		NONE PC GENERAL OPERATING 9,235
    CMC INC BOY SCOUTS OF AMERICA
    1191 SCOUT DR
    SARTELL,MN56377     		NONE PC GENERAL OPERATING 9,235
    CHILDRENS HOME SOCIETY & FMLY SERV
    1605 EUSTIS STREET
    SAINT PAUL,MN55108     		NONE PC GENERAL OPERATING 9,235
    CONCORDIA COLLEGE CORPORATION
    901 8TH STREET S
    MOORHEAD,MN56562     		NONE I SCHOLARSHIPS 9,235
    TRINITY LUTHERAN CHURCH
    1420 SOUTH 6TH STREET
    BRAINERD,MN56401     		NONE PC GENERAL OPERATING 9,235
    LEGIONVILLE SCHOOL SAFETY PATROL-INC
    9544 LEGIONVILLE ROAD
    BRAINERD,MN56401     		NONE I SCHOLARSHIPS 9,235
    MN ELKS YOUTH CAMP
    508 SW 10TH STREET
    WILLMAR,MN56201     		NONE PC GENERAL OPERATING 9,235
    LUTHERAN SOCIAL SERVICE OF MINNESOTA
    2485 COMO AVENUE
    SAINT PAUL,MN55108     		NONE PC GENERAL OPERATING 27,706
    CROW WING COUNTY HISTORICAL SOCIETY
    PO BOX 722
    BRAINERD,MN56401     		NONE PC GENERAL OPERATING 9,235
    LUTHER CREST BIBLE CAMP
    8231 COUNTY ROAD NE
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATING 9,235
    RONALD MCDONALD HOUSE CHARITIES
    818 FULTON STREET SE
    MINNEAPOLIS,MN55414     		NONE PC GENERAL OPERATING 9,235
    LUTHERAN CHURCH OF THE CROSS
    PO BOX 29
    NISSWA,MN564680029     		NONE PC GENERAL OPERATING 9,235
    HEARTLAND ANIMAL RESCUE TEAM
    15494 DELLWOOD DRIVE
    BRAINERD,MN56401     		NONE PC GENERAL OPERATING 9,235
    CITY OF BRAINERD
    501 LAUREL STREET
    BRAINERD,MN56401     		NONE GOV GENERAL OPERATING 9,235
    BRAINERD LIONS CLUB
    PO BOX 217
    BRAINERD,MN564013505     		NONE NC GENERAL OPERATING 9,235
    Total .................................bullet 3a 175,466
    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 69,663  
    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 ............     		    18 110,804  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   180,467  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    180,467
    (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:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,160     1,160

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    BRAINERD LIONS CLUB
          		213 S 5TH ST
    BRAINERD,MN56401     		2018-12-18 9,235 CHARITABLE PURPOSES 9,235 NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE GRANT WAS ORIGINAL 8/23/2019 2019-08-23 FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF INFORMATION PROVIDED BY THE GRANTEE.

    TY 2018 GeneralExplanationAttachment
    Name:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Identifier Return Reference Explanation
    The compensation reported in column (c) is calculated based on periodic market values and/or the applicable fee agreement. It is not determined on an hourly basis and the reference to one hour per week is an estimate only. Corporate trustee services include, but are not limited to, administrative services such as fiduciary accounting, custody of assets, complying with tax filing requirements, complying with distribution provisions, and complying with federal and state laws applicable to private foundations, plus asset management services such as creating asset allocation strategies, investments reporting and reallocating and rebalancing of portfolios as necessary.

    TY 2018 InvestmentsOtherSchedule2
    Name:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    92214X106 VAREX IMAGING CORP AT COST 1,299 995
    302081104 EXLSERVICE HOLDINGS AT COST 2,750 2,368
    00507V109 ACTIVISION BLIZZARD AT COST 11,595 10,665
    144285103 CARPENTER TECHNOLOGY AT COST 2,442 1,567
    353514102 FRANKLIN ELEC INC CO AT COST 2,635 2,273
    816300107 SELECTIVE INS GROUP AT COST 4,145 3,961
    493732101 K.FORCE, INC. AT COST 2,649 2,010
    144577103 CARRIZO OIL & GAS IN AT COST 2,191 1,264
    238337109 DAVE & BUSTER'S ENTE AT COST 1,668 1,337
    G50871105 JAZZ PHARMACEUTICALS AT COST 16,170 19,462
    20605P101 CONCHO RESOURCES INC AT COST 11,518 12,335
    08160H101 BENCHMARK ELECTRS IN AT COST 1,867 1,525
    126501105 CTS CORP AT COST 1,879 1,398
    518439104 ESTEE LAUDER COMPANI AT COST 5,002 13,661
    617446448 MORGAN STANLEY AT COST 15,965 12,093
    15135B101 CENTENE CORP DEL AT COST 13,287 25,020
    77958B402 T ROWE PRICE INST FL AT COST 28,800 27,289
    34964C106 FORTUNE BRANDS HOME AT COST 11,050 12,271
    92927K102 WABCO HOLDINGS INC AT COST 17,468 17,282
    278865100 ECOLAB INC AT COST 2,939 13,851
    437076102 HOME DEPOT INC AT COST 9,427 25,086
    74256W485 PRINCIPAL PREFERRED AT COST 25,000 23,015
    69354M108 PRA HEALTH SCIENCES AT COST 17,368 17,472
    87234N765 TCW EMRG MKTS INCM-I AT COST 140,000 133,890
    02079K107 ALPHABET INC/CA AT COST 39,857 65,243
    34959J108 FORTIVE CORP AT COST 11,938 16,780
    983793100 XPO LOGISTICS INC AT COST 11,392 11,237
    127190304 CACI INTL INC FORMER AT COST 4,021 3,025
    864159108 STURM RUGER & CO INC AT COST 1,608 1,437
    88162G103 TETRA TECH INC NEW AT COST 3,361 2,485
    625383104 MULTI-COLOR CORP AT COST 2,332 1,333
    143873107 CAROLINA FINANCIAL C AT COST 2,580 1,894
    132011107 CAMBREX CORP COM AT COST 2,418 1,510
    553777103 MTS SYS CORP AT COST 2,860 2,167
    63935N107 NAVIGANT CONSULTING AT COST 2,495 2,501
    089302103 BIG LOTS INC AT COST 1,672 1,157
    001744101 AMN HEALTHCARE SVCS AT COST 4,487 4,363
    03475V101 ANGIODYNAMICS INC AT COST 1,569 1,429
    128126109 CALAMP CORP AT COST 2,723 1,509
    78463X863 SPDR DJ WILSHIRE INT AT COST 34,012 32,760
    008492100 AGREE RLTY CORP AT COST 1,619 1,774
    030506109 AMERICAN WOODMARK CO AT COST 2,700 1,782
    387328107 GRANITE CONSTR INC AT COST 2,449 2,215
    502175102 LTC PROPERTIES INC C AT COST 2,515 2,292
    537008104 LITTELFUSE INC COM AT COST 2,632 2,058
    69318J100 PC CONNECTION INC CO AT COST 2,149 1,665
    902788108 UMB FINL CORP COM AT COST 2,463 1,951
    451107106 IDACORP INC AT COST 3,350 3,164
    860630102 STIFEL FINANCIAL COR AT COST 3,311 2,527
    81725T100 SENSIENT TECHNOLOGIE AT COST 2,604 2,066
    457985208 INTEGRA LIFESCIENCES AT COST 3,171 2,435
    391416104 GREAT WESTERN BANCOR AT COST 2,064 1,469
    50187A107 LHC GROUP INC AT COST 3,193 3,098
    29089Q105 EMERGENT BIOSOLUTION AT COST 900 889
    G0464B107 ARGO GROUP INTL HLDG AT COST 2,296 2,488
    574795100 MASIMO CORP AT COST 1,724 1,611
    258278100 DORMAN PRODUCTS INC AT COST 3,160 3,601
    566324109 MARCUS & MILLICHAP I AT COST 3,128 2,781
    037833100 APPLE COMPUTER INC C AT COST 4,959 55,682
    981558109 WORLDPAY INC AT COST 12,948 18,343
    09857L108 BOOKING HOLDINGS INC AT COST 5,635 20,669
    63872T885 ASG GLOBAL ALTERNATI AT COST 60,000 55,270
    596278101 MIDDLEBY CORP AT COST 23,544 20,443
    27616P103 EASTERLY GOVERNMENT AT COST 3,219 2,556
    68213N109 OMNICELL INC AT COST 2,935 2,756
    553573106 MSG NETWORKS INC AT COST 2,039 1,908
    594918104 MICROSOFT CORP AT COST 29,941 65,716
    016255101 ALIGN TECHNOLOGY INC AT COST 3,313 11,100
    G1151C101 ACCENTURE PLC AT COST 6,710 16,357
    82706C108 SILICON MOTION TECHN AT COST 2,466 1,415
    913259107 UNITIL CORP AT COST 1,261 1,266
    65336K103 NEXSTAR BROADCASTING AT COST 3,045 2,988
    779919307 T ROWE PR REAL ESTAT AT COST 33,304 29,438
    4812C0803 JPMORGAN HIGH YIELD AT COST 52,458 45,140
    277923264 EATON VANCE GLOB MAC AT COST 30,639 28,903
    30303M102 FACEBOOK INC AT COST 16,537 41,949
    G66721104 NORWEGIAN CRUISE LIN AT COST 19,687 16,702
    90384S303 ULTA SALON COSMETICS AT COST 18,657 18,853
    92826C839 VISA INC-CLASS A SHR AT COST 11,257 32,061
    057665200 BALCHEM CORP CL B AT COST 2,818 2,115
    067806109 BARNES GROUP INC AT COST 3,020 2,359
    349853101 FORWARD AIR CORP AT COST 3,412 2,907
    197236102 COLUMBIA BANKING SYS AT COST 1,986 1,669
    GTC997004 GAI CORBIN MULTI STR AT COST 100,000 98,863
    922042858 VANGUARD EMERGING MA AT COST 53,165 54,102
    697435105 PALO ALTO NETWORKS I AT COST 15,855 19,588
    74925K581 ROBECO BP LNG/SHRT R AT COST 63,883 63,885
    591520200 METHODE ELECTRON INC AT COST 2,327 1,328
    871237103 SYKES ENTERPRISES IN AT COST 2,239 1,879
    680033107 OLD NATL BANCORP AT COST 2,965 2,264
    840441109 SOUTH STATE CORP AT COST 2,328 1,978
    G037AX101 AMBARELLA INC AT COST 1,494 1,364
    023135106 AMAZON COM INC AT COST 3,544 63,083
    191216100 COCA COLA CO AT COST 18,631 19,556
    67066G104 NVIDIA CORP AT COST 11,263 9,746
    256206103 DODGE & COX INT'L ST AT COST 140,980 153,028
    464287606 ISHARES S&P MIDCAP 4 AT COST 34,324 35,760
    74925K367 ABBEY CAP FUTURES ST AT COST 105,000 101,547
    693391559 PIMCO EMERG MKTS BD- AT COST 150,000 149,540
    464287234 ISHARES TR MSCI EMER AT COST 119,556 117,180
    78409V104 S&P GLOBAL INC AT COST 8,484 16,144
    252131107 DEXCOM INC AT COST 18,999 16,532
    73278L105 POOL CORPORATION AT COST 21,035 20,960
    921937827 VANGUARD BD INDEX FD AT COST 57,018 56,178
    921937819 VANGUARD INTERMEDIAT AT COST 127,599 128,519
    64128R608 NEUBERGER BERMAN LON AT COST 72,000 61,571
    45866F104 INTERCONTINENTALEXCH AT COST 2,956 17,100
    035290105 ANIXTER INTL INC AT COST 2,411 1,792
    909907107 UNITED BANKSHARES IN AT COST 3,658 2,862
    90539J109 UNION BANKSHARES COR AT COST 3,152 2,174
    587376104 MERCANTILE BANK CORP AT COST 1,734 1,356
    576485205 MATADOR RESOURCES CO AT COST 3,609 1,848
    101137107 BOSTON SCIENTIFIC CO AT COST 12,867 25,409
    235851102 DANAHER CORP AT COST 7,692 20,624
    256210105 DODGE & COX INCOME F AT COST 95,809 91,895
    892356106 TRACTOR SUPPLY CO CO AT COST 3,058 21,611
    92532F100 VERTEX PHARMACEUTICA AT COST 17,713 17,565
    87612EBB1 TARGET CORP 2.300% 6 AT COST 25,035 24,919
    21036P108 CONSTELLATION BRANDS AT COST 11,808 17,851
    09260C703 BLACKROCK GL L/S CRE AT COST 28,000 26,000
    G0177J108 ALLERGAN PLC AT COST 24,554 13,232
    90385D107 ULTIMATE SOFTWARE GR AT COST 16,621 19,345
    79466L302 SALESFORCE COM INC AT COST 11,689 28,490
    47803M168 JOHN HANCOCK II-CURR AT COST 68,000 69,993
    13123X102 CALLON PETE CO DEL C AT COST 2,820 1,726
    550819106 LYDALL INC AT COST 2,111 955
    853666105 STANDARD MTR PRODS I AT COST 1,580 1,501
    791240CC6 SAINT LOUIS CNTY MN AT COST 50,013 49,994
    015351109 ALEXION PHARMACEUTIC AT COST 16,303 14,701
    040413106 ARISTA NETWORKS INC AT COST 18,100 16,645
    11135F101 BROADCOM INC AT COST 35,118 39,922
    464287705 ISHARES S&P MIDCAP 4 AT COST 34,429 32,787
    61174X109 MONSTER BEVERAGE COR AT COST 5,204 15,750
    64110L106 NETFLIX.COM INC AT COST 16,366 21,145
    893641100 TRANSDIGM GROUP INC AT COST 17,184 25,164

    TY 2018 OtherDecreasesSchedule
    Name:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Description Amount
    PY RETURN OF CAPITAL ADJUSTMENT 1,124
    COST BASIS ADJUSTMENT 1,454


    TY 2018 OtherExpensesSchedule
    Name:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FILING FEE/STATE TAX 25 0   25
    INVESTMENT EXPENSES-DIVIDEND I 1 1   0


    TY 2018 OtherIncreasesSchedule
    Name:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Description Amount
    MUTUAL FUND TIMING DIFFERENCE 7,260


    TY 2018 TaxesSchedule
    Name:
    HOLDEN CLARENCE CHARITABLE TR-MAIN
    EIN:
    20-8014086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,011 1,011   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,200 0   0
    FEDERAL ESTIMATES - PRINCIPAL 953 0   0
    FOREIGN TAXES ON QUALIFIED FOR 87 87   0
    FOREIGN TAXES ON NONQUALIFIED 355 355   0