Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
WILLIAM FRIES II FOUNDATION
 
% KIM TRAYNOR
Number and street (or P.O. box number if mail is not delivered to street address)3808 Monterey Blvd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Oakland, CA94619
A Employer identification number

20-2557737
B Telephone number (see instructions)

(510) 531-2780
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$27,997,460J 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) 5,999,901
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 671,708 638,093  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,690
b Gross sales price for all assets on line 6a 9,444,211
7 Capital gain net income (from Part IV, line 2)... 561,140
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 0 16,032  
12 Total. Add lines 1 through 11........ 6,689,299 1,215,265  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,000 13,475    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 7,160 0 0 6,965
b Accounting fees (attach schedule)....... Click to see attachment 45,751 22,875 0 13,116
c Other professional fees (attach schedule).... Click to see attachment 99,686 99,686    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,950 12,704    
19 Depreciation (attach schedule) and depletion... Click to see attachment 388    
20 Occupancy.............. 4,856     4,856
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,361     5,361
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 236,152 148,740 0 30,298
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 236,152 148,740 0 30,298
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,453,147
b Net investment income (if negative, enter -0-) 1,066,525
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 14,342 10,647 10,647
2 Savings and temporary cash investments......... 2,503,149 1,144,264 1,144,264
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,337,188 Click to see attachment2,146,768 2,146,768
b Investments—corporate stock (attach schedule)....... 15,484,273 Click to see attachment19,825,956 19,825,956
c Investments—corporate bonds (attach schedule)....... 4,484,374 Click to see attachment4,818,652 4,818,652
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet2,959
Less: accumulated depreciation (attach schedule) bullet388   Click to see attachment2,571  
15 Other assets (describe bullet) Click to see attachment63,538 Click to see attachment51,173 Click to see attachment51,173
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,886,864 28,000,031 27,997,460
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 attachment16,600 Click to see attachment69,504
23 Total liabilities (add lines 17 through 22)......... 16,600 69,504
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 23,870,264 27,930,527
30 Total net assets or fund balances (see instructions)..... 23,870,264 27,930,527
31 Total liabilities and net assets/fund balances (see instructions). 23,886,864 28,000,031
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
23,870,264
2
Enter amount from Part I, line 27a .....................
2
6,453,147
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
30,323,411
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,392,884
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
27,930,527
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 CAPITAL GAIN DISTRIBUTIONS D 2017-01-01 2018-12-31
b PUBLICLY TRADED SECURITIES D 2017-01-01 2018-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 32,422     32,422
b 9,411,789   8,883,071 528,718
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       32,422
b       528,718
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 561,140
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 2,505,638 15,252,096 0.164282
2016 0 167,957 0.0
2015 0 173,004 0.0
2014 0 183,126 0.0
2013 0 185,305 0.0
2
Total of line 1, column (d) .....................
2
0.164282
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
0.032856
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
28,539,226
5
Multiply line 4 by line 3......................
5
937,685
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
10,665
7
Add lines 5 and 6........................
7
948,350
8
Enter qualifying distributions from Part XII, line 4,.............
8
30,298
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 21,331
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 21,331
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 21,331
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 29,257
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,257
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,926
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet7,926 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletKIM TRAYNOR Telephone no.bullet (510) 280-5772

    Located atbullet6500 FAIRMOUNT AVE STE 11EL CERRITOCA ZIP+4bullet945303661
    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
    FRED WULFF PRESIDENT
    0.0     		0 0 0
    3808 Monterey Blvd
    Oakland,CA94619
    MICHAEL ROOSEVELT SECRETARY
    0.0     		0 0 0
    3808 Monterey Blvd
    Oakland,CA94619
    JAMES ULLAKO TREASURER
    0.0     		0 0 0
    3808 Monterey Blvd
    Oakland,CA94619
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    27,082,698
    b
    Average of monthly cash balances.......................
    1b
    1,891,135
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    28,973,833
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    28,973,833
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    434,607
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,539,226
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,426,961
    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
    1,426,961
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    21,331
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,331
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,405,630
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,405,630
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,405,630
    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
    30,298
    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
    30,298
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    30,298
    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 1,405,630
    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, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017...... 1,762,519
    fTotal of lines 3a through e........ 1,762,519
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 30,298
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 30,298
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 1,375,332 1,375,332
    (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 5 387,187
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		387,187
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 387,187
    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).)
    NA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    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....     14 671,708  
    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 17,690  
    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)..   689,398  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    689,398
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    20-2557737
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    WILLIAM FRIES II FOUNDATION
          		Employer identification number
    20-2557737
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ADMIN TR UT FRIES 2003 TR DTD 19  
    3808 MONTEREY BLVD
     
    OAKLAND, CA94169

    		$ 5,238,233


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ADMIN TR UT FRIES 2003 TR DTD 19  
    3808 MONTEREY BLVD
     
    oakland, CA94619

    		$ 15,046


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    ADMIN TR UT FRIES 2003 TR DTD 19  
    3800 MONTEREY BLVD
     
    OAKLAND, CA94169

    		$ 746,622


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

    		$  


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

    		$  


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

    		$  


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

    20-2557737
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 15,000 FV CALIFORNIA ST REV 5.25% DUE 7/01/2022 $ 15,046 2018-02-16
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 78,017 SH WF ULTRA SH-TRM MUNI INC-I $ 746,622 2018-02-16
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    WILLIAM FRIES II FOUNDATION
          		Employer identification number

    20-2557737
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEE 45,751 22,875   13,116

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

    TY 2018 DepreciationSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    EQUIPMENT 2018-02-02 2,959   SL 7 388      

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100,000 FV CITIBANK CC 1.92% 98,725 98,725
    100,000 FV ALLSTATE CORP 3.28% 98,006 98,006
    150,000 FV AMER HONDA FIN 2.3% 136,681 136,681
    100,000 FV APPLE INC 2% 99,054 99,054
    50,000 FV AT&T INC 2.45% 49,350 49,350
    100,000 FV BOA MED TERM 2.65% 98,640 98,640
    100,000 FV BK OF MONTREAL 1.9% 96,584 96,584
    50,000 FV BK OF MONTREAL 2.55% 48,486 48,486
    150,000 FV BB&T CORP 2.15% 146,844 146,844
    BED BATH & BEY 3.749% 0 0
    100,000 FV CANADA IMP BK 2.1% 98,132 98,132
    50,000 FV CAPITAL ONE 3.050% 48,767 48,767
    150,000 FV CHEVRON CORP 2.419% 148,620 148,620
    100,000 FV CISCO SYS INC 2.5% 93,218 93,218
    50,000 FV CITIGROUP INC 2.4% 49,546 49,546
    CONOCOPHILLIPS 2.875% 0 0
    100,000 FV COSTCO W CORP 2.75% 97,267 97,267
    150,000 FV DR PEPPER 3.43% 137,937 137,937
    150,000 FV FIFTH THIRD 2.875% 149,135 149,135
    100,000 FV HOME DEPOT IN 2.125 90,016 90,016
    100,000 FV JOHNSON & JOHNSON 93,922 93,922
    150,000 FV JPMORGAN CHASE 3.3% 142,849 142,849
    100,000 FV JPMORGAN CHASE 3% 97,498 97,498
    100,000 FV KEYCORP 2.9% 99,245 99,245
    100,000 FV KROGER 3.3% 99,569 99,569
    100,000 FV LINCOLN NAT 3.625% 96,824 96,824
    150,000 FV MANULIFE 4.15% 151,498 151,498
    150,000 FV MASTERCARD 2.95% 144,333 144,333
    100,000 FV MCDONALD'S 3.25% 99,123 99,123
    100,000 FV MICROSOFT 2.7% 96,990 96,990
    100,000 FV MORGAN STAN 2.45% 99,951 99,951
    100,000 FV NTL RETAIL 3.6% 96,161 96,161
    250,000 FV NORTHERN ST 2.15% 240,295 240,295
    100,000 FV PEPSICO 2.375% 91,805 91,805
    200,000 FV PFIZER INC 3% 193,108 193,108
    150,000 FV ROYAL BK OF CA 2.35 148,176 148,176
    100,000 FV SUNTRUST BK 2.7% 97,529 97,529
    100,000 FV TJX COS 2.25% 90,729 90,729
    50,000 FV TOYOTA MOTOR 1.4% 49,717 49,717
    100,000 FV VALERO ENERGY 3.4% 91,734 91,734
    50,000 FV WESTPAC BK 2.5% 48,462 48,462
    1,276 FV VOLKSWAGEN 20,054 20,054
    150,000 FV BK OF NOVA SCOTIA 2 148,167 148,167
    150,000 FV INTERCONTINENTAL 2. 149,263 149,263
    150,000 FV CHARLES SCHWAB 2.6 146,426 146,426
    100,000 FV SANOFI 3.375% 100,635 100,635
    100,000 FV STATOIL ASA 3.25% 99,581 99,581

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Name of Stock End of Year Book Value End of Year Fair Market Value
    23,862 SH PRINCIPAL PRE SEC FD 224,063 224,063
    31,579 SH T ROWE PRICE ST BD 146,842 146,842
    137,976 SH VANGUARD HY CORP 749,208 749,208
    88,409 SH WFB ULTRA ST INC FD 746,171 746,171
    56,782 SH FIDELITY ADV EMER 810,274 810,274
    RUTH'S HOSPITALITY 0 0
    ACCO BRANDS CORP 0 0
    306 SH BIG LOTS INC 8,850 8,850
    864 SH CARMAX INC 54,199 54,199
    2,975 SH COMCAST CORP 101,299 101,299
    DENNYS CORP 0 0
    205 SH DOLLAR GENERAL CORP 22,156 22,156
    DOLLAR TREE INC 0 0
    502 SH HILTON WORLDWIDE 36,044 36,044
    315 SH HOME DEPOT INC 54,123 54,123
    213 SH KAR AUCTION SER INC 10,164 10,164
    2,265 SH LAS VEGAS SANDS CORP 117,893 117,893
    LCI INDUSTRIES 0 0
    356 SH LENNAR CORP 13,937 13,937
    166 SH LIBERTY BROADBAND 11,957 11,957
    747 SH LIBERTY FORMULA ONE 22,882 22,882
    551 SH LIBERTY SIRIUSXM GP 20,345 20,345
    LIBERTY VENTURES 0 0
    72 SH MOHAWK INDS INC 8,421 8,421
    2,120 SH NIKE INC 157,177 157,177
    NUTRI SYS INC 0 0
    208 SH O'REILLY AUTOMOBILE 71,621 71,621
    36 SH ROSS STORES INC 2,995 2,995
    SHERWIN WILLIAMS 0 0
    SKECHERS USA INC 0 0
    1,685 SH TARGET CORP 111,362 111,362
    THE CHILDREN'S PLACE 0 0
    920 SH TJX COMPANIES 41,161 41,161
    TOWER INTL INC 0 0
    UNIFIRST CORP 0 0
    2,000 SH WALT DISNEY CO 219,300 219,300
    199 SH BROWN FORMAN CORP 9,468 9,468
    500 SH COSTCO WHOLESALE 101,855 101,855
    2,480 SH CVS HEALTH CORP 162,490 162,490
    DEAN FOODS CO 0 0
    HAIN CELESTIAL GP 0 0
    PEPSICO INC 0 0
    PROCTER & GAMBLE 0 0
    SANDERSON FARMS 0 0
    910 SH CERVRON CORP 98,999 98,999
    EXXON MOBIL CORP 0 0
    SUNCOKE ENERGY INC 0 0
    AFFILIATED MGRS GP 0 0
    AMERICAN EXPRESS 0 0
    800 SH AMERIPRISE FINL INC 83,496 83,496
    555 SH BERKSHIRE HATHAWAY 113,320 113,320
    260 SH BLACKROCK INC 102,133 102,133
    939 SH BROWN & BROWN INC 25,879 25,879
    922 SH CBRE GP INC 36,917 36,917
    2,395 SH CITIGROUP INC 124,684 124,684
    680 SH CME GROUP INC 127,922 127,922
    EVERCORE INC 0 0
    FCB FIN HLDGS INC 0 0
    FIRST MERCHANTS 0 0
    1,181 SH FNF GROUP 37,131 37,131
    HERITAGE INS HOLDS 0 0
    HOULIHAN LOKEY INC 0 0
    188 SH HOWARD HUGHES 18,353 18,353
    2,500 SH JPMORGAN CHASE 244,050 244,050
    LEUCADIA NATL CORP 0 0
    LOEWS CORP 0 0
    78 SH M&T BANK CORP 11,164 11,164
    60 SH MARKEL HLDGS 62,283 62,283
    158 SH MOODYS CORP 22,126 22,126
    82 SH MSCI INC 12,089 12,089
    NTL GENERAL HLDGS 0 0
    1,020 SH PNC FIN SERV GP 119,248 119,248
    337 SH PROGRESSIVE CORP 20,331 20,331
    117 SH S&P GLOBAL INC 19,883 19,883
    UNIVERSAL INSURANCE 0 0
    US BANCORP 0 0
    BIOTELEMETRY INC 0 0
    CORCEPT THERAPEUTICS 0 0
    CROSS CTRY HEALTH 0 0
    DENTSPLY SIRONA 0 0
    2,000 SH ELI LILLY & COM 231,440 231,440
    1,430 SH GILEAD SCIENCES INC 89,447 89,447
    HEALTHSOUTH REH 0 0
    ICU MED INC 0 0
    INC RESEARCH HLDGS 0 0
    MAGELLAN HEALTH 0 0
    MCKESSON CORP 0 0
    2,615 SH MERCK & CO INC 199,812 199,812
    MIMEX GROUP 0 0
    NUVASIVE INC 0 0
    ORASURE TECH INC 0 0
    SUPERNUS PHARM INC 0 0
    585 SH THERMO FISHER SCI 130,917 130,917
    960 SH UNITEDHEALTH GP 239,155 239,155
    1,205 SH ZOETIS INC 103,076 103,076
    41 SH AMERCO 13,453 13,453
    APPLIED INDL TECH 0 0
    ARGAN INC 0 0
    500 SH BOEING CO 161,250 161,250
    724 SH COLFAX CORP 15,132 15,132
    688 SH COPART INC 32,873 32,873
    EMCOR GROUP INC 0 0
    227 SH FASTENLA CO 11,870 11,870
    FORTIVE CORP 0 0
    2,010 SH GENERAL ELECTRIC CO 15,216 15,216
    81 SH HD SUPPLY HLGS INC 3,039 3,039
    INSPERITY INC 0 0
    MACQUARIE INFRAS 0 0
    118 SH ROPER TECH INC 31,449 31,449
    925 SH SPIRIT AEROSYSTEMS 66,683 66,683
    STANDARD PLUS CORP 0 0
    THE GREENBRIER CO 0 0
    227 SH TRANSDIGM GP INC 77,194 77,194
    1,265 SH UNION PACIFIC CORP 174,861 174,861
    1,290 SH UNITED PARCEL SER 125,814 125,814
    200 SH UNITED TECH CORP 21,296 21,296
    351 SH VERISK ANALYTICS 38,273 38,273
    ADV ENERGY INDS 0 0
    230 SH ALPHABET INC 238,190 238,190
    APPFOLIO INC 0 0
    2,565 SH APPLE INC 404,603 404,603
    265 SH AUTODESK INC 34,082 34,082
    AUTOMATIC DATA PRO 0 0
    857 SH BLACK KNIGHT INC 38,616 38,616
    BROOKS AUTOMATION 0 0
    214 SH CDK GLOBAL INC 10,246 10,246
    CIRRUS LOGIC INC 0 0
    5,020 SH CISCO SYSTEMS INC 217,517 217,517
    2,090 SH COGNIZANT TECH 132,673 132,673
    FIDELITY NATL INFO 0 0
    424 SH GARTNER INC 54,204 54,204
    HACKETT GROUP 0 0
    INTLE CORP 0 0
    IBM CORP 0 0
    INTUIT COM 0 0
    KEMET CORP 0 0
    MANTECH INTL CORP 0 0
    438 SH METHODE ELECTRON 10,201 10,201
    366 SH MICROCHIP TECH 26,323 26,323
    3,665 SH MICROSOFT CORP 372,254 372,254
    ORACLE CORP 0 0
    RPX CORP 0 0
    SANMINA CORP 0 0
    555 SH TRANSUNION 31,524 31,524
    ULTRA CLEAN HLDGS 0 0
    282 SH VERISIGN INC 41,818 41,818
    WEB.COM GROUP 0 0
    188 SH AIR PRODS & CHEMS 30,089 30,089
    1,500 SH CLEANESE CORP 134,955 134,955
    ECOLABL INC 0 0
    GRAPHIC PACKAGING 0 0
    267 SH MARTIN MARIETTA 45,889 45,889
    US SILICA HLDGS INC 0 0
    383 SH VULCAN MATERIALS 37,840 37,840
    72 SH ECHOSTAR CORP 2,644 2,644
    J2 GLOBAL INC 0 0
    108 SH LIBERTY BROADBAND 7,755 7,755
    91 SH MOTOROLA SOLUTIONS 10,469 10,469
    AMEX UTILITIES 0 0
    SPARK ENERGY INC 0 0
    618 SH ABBLTD 11,748 11,748
    1,130 SH ABN AMRO GROUP 13,119 13,119
    202 SH ACCENTURE PLC 28,484 28,484
    286 SH ANHEUSER-BUSCH 18,822 18,822
    308 SH AON PLC 44,771 44,771
    1,046 SH ARCH CAPITAL GROUP 27,949 27,949
    84 SH ASHTEAD GROUP 7,044 7,044
    2,587 SH ASSA ABLOY AB 22,947 22,947
    AXALTA COATING SYS 0 0
    BAYER AG 0 0
    BJP BILLITON LTD 0 0
    BRITISH AMER TOBACCO 0 0
    2,006 SH BROOKFIELD ASSET 76,930 76,930
    174 SH CANADIAN NATL RR 12,895 12,895
    713 SH CARLSBERG 15,151 15,151
    1,175 SH COMPAGNIE FIN RICH 7,578 7,578
    1,080 SH COMPASS GROUP 22,572 22,572
    CONTINENTAL AG 0 0
    CONVATEC GROUP 0 0
    616 SH DAIWA HOUSE IND 19,589 19,589
    258 SH DBS GROUP HOLDS 17,989 17,989
    DEUTSCHE POST AG 0 0
    825 SH DIAGEO PLC 116,985 116,985
    1,650 SH EATON CORP 113,289 113,289
    FANUC CORP 0 0
    2,471 SH FERGUSON PLC 15,740 15,740
    FRESENIUS SE & CO 0 0
    725 SH IHS MARKIT LTD 34,778 34,778
    509 SH INFORMA PLC 8,210 8,210
    815 SH KAO CORP 12,144 12,144
    KDDI CORP 0 0
    458 SH KOMATSU LTD 9,865 9,865
    KONINKLIJKE 0 0
    849 SH LIBERTY GLOBAL PLC 17,723 17,723
    509 SH MAKITA CORP 17,905 17,905
    6,145 SH MANULIFE FIN CORP 87,198 87,198
    340 SH MEDTRONIC PLC 30,926 30,926
    644 SH MICHELIN CGDE 12,622 12,622
    1,857 SH NORDEA BANK 15,580 15,580
    409 SH NOVARTIS AG 35,096 35,096
    OM ASSET MGT PLC 0 0
    770 SH PRUDENTIAL PLC 27,235 27,235
    2,075 SH RED ELECTRICA CORP 23,022 23,022
    1,101 SH RELX PLC 22,593 22,593
    993 SH RESTAURANT BRANDS 51,934 51,934
    3,855 SH ROCHE HLDGS LTD 119,813 119,813
    508 SH ROYAL DUTCH SHELL 29,601 29,601
    180 SH RYANAIR HLDGS PLC 12,841 12,841
    469 SH RYOHIN KEIKAKU CO 22,566 22,566
    872 SH SAFRAN SA 26,064 26,064
    985 SH SAMPO AYJ 21,818 21,818
    308 SH SAP SE 30,661 30,661
    SCHLUMBERGER LTD 0 0
    SENSATA TECH HLDG 0 0
    SHIRE PLC 0 0
    SONY CORP 0 0
    STATOIL ASA 0 0
    2,699 SH SUMITOMO TRUST 17,570 17,570
    5,800 SH SUNCOR ENERGY INC 162,226 162,226
    1,270 SH TE CONNECTIVITY LTD 96,050 96,050
    937 SH TELENOR ASA 18,150 18,150
    THIRD POINT REINS 0 0
    TOKYO ELECTRON 0 0
    3,340 SH TOTAL SA 174,281 174,281
    TRINSEO SA 0 0
    391 SH UNILEVER PLC 20,430 20,430
    VALEO 0 0
    804 SH VINCI SA 16,490 16,490
    WHITE MOUNTAINS 0 0
    406 SH WOLTERS KLUWER 23,824 23,824
    PRINCIPAL MIDCAP FD 0 0
    7,823 SH DODGE & COX INTL 288,740 288,740
    HARBOR INTL FD 0 0
    23,139 SH OPPENHEIMER DEV 869,546 869,546
    7,750 SH VANGUARD FTSE DEV 287,525 287,525
    145 SH LIBERTY EXPEDIA HLDG 5,671 5,671
    NRG YIELD INC 0 0
    32,968 SH EATON VANCE GLOBAL 280,226 280,226
    123 SH ALEXANDRIA REAL EST 14,175 14,175
    AMER ASSETS TRUST 0 0
    AMER CAMPUS CMNTY 0 0
    220 SH AMER TOWER CORP 34,802 34,802
    APART INVT & MGMT 0 0
    ASHFORD HOSPITALITY 0 0
    AVALONBAY CMNTS 0 0
    BOSTON PROPERTIES 0 0
    CHESAPEAKE LDG TR 0 0
    33 SH CORESITE REALTY 2,879 2,879
    CORP OFFICE PROP 0 0
    CROWN CASTLE INTL 0 0
    DIGITAL RLTY TR 0 0
    EPR PROPERTIES 0 0
    50 SH EQUINIX INC 17,628 17,628
    68 SH EQUINIX INC 23,974 23,974
    EXTRA SPACE STORAGE 0 0
    FIRST INDL RLTY TR 0 0
    FOREST CITY REALTY 0 0
    GGP INC 0 0
    HCP INC 0 0
    644 SH HOST HTLS & RESORTS 10,735 10,735
    532 SH INVITATION HOMES 10,683 10,683
    KILROY REALTY CORP 0 0
    KIMCO RELTY CORP 0 0
    MEDICAL PPTYS TR 0 0
    MID AMER APRT COM 0 0
    NATIONAL RETAIL PPTYS 0 0
    OUTFRONT MEDIA INC 0 0
    1,352 SH PHYSICIANS REALTY TR 21,673 21,673
    PIEDMONT OFF RLTY 0 0
    373 SH PROLOGIS INC 21,903 21,903
    46 SH PUBLIC STORAGE INC 9,311 9,311
    QTS REALTY TRUST 0 0
    RLJ LODGING TR 0 0
    539 SH SBA COMMUNICATIONS 87,259 87,259
    147 SH SIMON PROERTY GP 24,694 24,694
    THE GEO GROUP 0 0
    103 SH VENTAS INC 6,034 6,034
    28,302 SH FIDELITY ADV INTL 301,411 301,411
    SPDR DJ WILSHIRE 0 0
    VANGUARD REIT VIPER 0 0
    ABN AMRO GROUP 0 0
    234 SH DAVE & BUSTER'S ENT 10,427 10,427
    306 SH DORMAN PRODUCTS 27,546 27,546
    238 SH HYATT HOTELS CORP 16,089 16,089
    626 SH MSG NETWORKS INC 14,749 14,749
    296 SH NEXTSTAR INC 23,277 23,277
    429 SH PC CONNECTION INC 12,754 12,754
    238 SH STANDARD MTD PRODS INC 11,526 11,526
    204 SH STURM RUGER & CO INC 10,857 10,857
    115 SH VAIL RESORTS INC 24,244 24,244
    3,485 SH MONDELEZ INT'L INC 139,505 139,505
    852 SH CALLON PETE CO DEL COM 13,207 13,207
    910 SH CARRIZO OIL & GAS INC 9,619 9,619
    890 SH EOG RESOURCES INC 77,617 77,617
    908 SH MATADOR RESOURCES CO 14,101 14,101
    487 SH CAROLINA FINANCIAL CO 14,410 14,410
    354 SH COLUMBIA BANKING INC 12,847 12,847
    402 SH FIRST REPUBLIC BANK/SF 34,934 34,934
    360 SH GREAT WESTERN BANCORP I 11,250 11,250
    896 SH KENNEDY-WILSON HLDGS IN 16,280 16,280
    1,014 SH KKR & CO INC 19,905 19,905
    625 SH MARCUS & MILLICHAP INC 21,456 21,456
    366 SH MERCANTILE BANK CORP 10,343 10,343
    1,133 SH OLD NATL BANKCORP 17,448 17,448
    848 SH RETAIL OPP INV CORP 13,466 13,466
    496 SH SELECTIVE INS GROUP INC 30,226 30,226
    250 SH SOUTH STATE CORP 14,988 14,988
    468 SH STIFEL FINANCIAL CORP 19,385 19,385
    248 SH UMB FINL CORP 15,121 15,121
    1,293 SH UNION BANKSHARES CORP 38,535 38,535
    593 SH AMN HEALTHCARE SVCS INC 33,599 33,599
    542 SH ANGIODYNAMICS INC 10,910 10,910
    305 SH CAMBREX CORP 11,517 11,517
    119 SH EMERGENT BIOSOLUTIONS I 7,054 7,054
    58 SH IDEXX CORP 10,789 10,789
    414 SH INTEGRA LIFESCIENCES HL 18,671 18,671
    252 SH LHC GROUP INC 23,658 23,658
    115 SH MASIMO 12,348 12,348
    342 SH OMNICELL INC 20,944 20,944
    243 SH AMERICAN WOODMARK CORP 13,530 13,530
    340 SH BARNES GROUP INC 18,231 18,231
    406 SH FORWARD AIR CORP 22,269 22,269
    410 SH FRANKLIN ELEC INC 17,581 17,581
    421 SH GRANITE CONSTR INC 16,958 16,958
    61 SH HEICO CORP CL A 3,843 3,843
    493 SH KFORCE INC 15,244 15,244
    354 SH LYDALL INC 7,190 7,190
    295 SH MULTI-COLOR CORP 10,352 10,352
    585 SH SYKES ENTERPRISES INC 14,467 14,467
    372 SH TETRA TECH INC 19,258 19,258
    251 SH ANIXTER INTL INC 13,632 13,632
    211 SH ANSYS INC 30,160 30,160
    550 SH BENCHMARK ELECTRS INC 11,649 11,649
    158 SH CACI INTL INC 22,757 22,757
    886 SH CALAMP CORP 11,527 11,527
    413 SH CTS CORP 10,693 10,693
    345 SH EXCLSERVICE HLDGS INC 18,154 18,154
    181 SH GUIDEWIRE SOFTWARE INC 14,522 14,522
    620 SH LAM RESEARCH CORP 84,425 84,425
    91 SH LITTLEFUSE INC 15,605 15,605
    51 SH METTLER-TOLDEDO INTL INC 28,845 28,845
    416 SH MTS SYS CORP 16,694 16,694
    209 SH BALCHEM CORP CLASS B 16,375 16,375
    332 SH CARPETNTER TECH CORP 11,823 11,823
    288 SH SENSIENT TECH CORP 16,085 16,085
    591 SH SUMMIT MATERIALS 7,328 7,328
    4,985 SH AT&T INC 142,272 142,272
    299 SH GCI LIBERTY INC 12,307 12,307
    263 SH IDACORP INC 24,475 24,475
    186 SH UNITIL CORP 9,419 9,419
    493 SH AIA GROUP LTD 16,210 16,210
    296 SH AMBARELLA INC 10,354 10,354
    283 SH ARGO GROUP INTL HLDGS L 19,032 19,032
    612 SH BHP GROUP LTD 29,553 29,553
    418 SH EQUINOR ASA 8,849 8,849
    8,230 SH FLEX LTD 62,630 62,630
    290 SH GENMAB A/S 4,778 4,778
    399 SH ROGERS COMM INC CL B 20,453 20,453
    34 SH SHOPIFY INC 4,707 4,707
    316 SH SILICON MOTION TECH 10,902 10,902
    197 SH SONOVA HOLDING AG 6,458 6,458
    874 SH UBISOFT ENTERTAINMENT 14,133 14,133
    7,095 SH UBS GROUP AG 87,836 87,836
    876 SH VIVENDI 21,155 21,155
    237 SH WIX COM LTD 21,411 21,411
    1,235 SH ISHARES RUSSELL 2000 165,367 165,367
    7,300 SH VANGUARD MIDCAP VIPER 1,008,714 1,008,714
    6,000 SH VANGUARD SMALL CAP VI 791,940 791,940
    14,134 SH JOHCM INT'L SELECT F 287,900 287,900
    20,003 SH T ROW PRICE INST EMR 682,110 682,110
    3,000 SH VANGUARD FTSE EMRG 114,300 114,300
    283 SH REALPAGE INC 13,638 13,638
    322 SH VAREX IMAGING CORP 7,625 7,625
    10,799 SH AQR MGD FUT STRAT FD 90,821 90,821
    9,643 SH ASG MGD FUT STRAT FD 87,367 87,367
    38,379 SH BLACKROCK GLOBAL L/S 368,437 368,437
    23,495 SH BOSTON PTRS L/S RSCH 339,040 339,040
    806 SH NAVIGANT CONSULTING CO 19,384 19,384
    228 SH AGREE RLTY CORP COM 13,479 13,479
    508 SH AMER HOMES 4 RENT 10,084 10,084
    138 SH CAMDEN PPT TR SH BEN IN 12,151 12,151
    1,246 SH EASTERLY GOV'T PROP 19,537 19,537
    164 SH EQUITY RESIDENTIAL PPTY 10,826 10,826
    26 SH ESSEX PPTY TR COM 6,375 6,375
    443 SH FOUR CORNERS PPTY TR 11,607 11,607
    266 SH HEALTHCARE TR OF AMERIC 6,732 6,732
    467 SH HUDSON PACFICI PPTYS IN 13,571 13,571
    416 SH LTC PROPERTIES INC 17,339 17,339
    135 SH SUN CMNTYS INC COM 13,730 13,730
    105 SH TAUBMAN CTRS INC COM 4,775 4,775
    10,000 SH E-TRACS ALERIAN MLP 197,700 197,700
    25,519 SH PRINCIPAL RE SECURIT 557,580 557,580

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    US Government Securities - End of Year Book Value:

    2,146,768
    US Government Securities - End of Year Fair Market Value:

    2,146,768
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2018 LandEtcSchedule2
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EQUIPMENT 2,959 388 2,571  


    TY 2018 LegalFeesSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL CORPORATE COUNSEL 7,160     6,965


    TY 2018 OtherAssetsSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 374 374 374
    ART WORK 1,500 1,500 1,500
    INTEREST/DIVIDEND RECEIVABLE 61,664 49,299 49,299


    TY 2018 OtherDecreasesSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Description Amount
    UNREALIZED LOSS 2,392,884


    TY 2018 OtherExpensesSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEES 235     235
    INSURANCE EXPENSES 2,663     2,663
    POSTAGE 49     49
    SUPPLIES 2,013     2,013
    TELEPHONE EXPENSES 239     239
    INSTALLATION EXPENSES 162     162


    TY 2018 OtherIncomeSchedule2
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 0 16,032  


    TY 2018 OtherLiabilitiesSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX LIABILITY 12,050 0
    ACCRUED EXPENSE 4,550 69,504


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 99,686 99,686    


    TY 2018 TaxesSchedule
    Name:
    WILLIAM FRIES II FOUNDATION
    EIN:
    20-2557737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 26,950      
    FOREIGN TAX   12,704