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
THE HOLLEY FOUNDATION
C/O CIBC BANK USA
Number and street (or P.O. box number if mail is not delivered to street address)34901 WOODWARD AVE STE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, MI48009
A Employer identification number

38-6055168
B Telephone number (see instructions)

(248) 566-4715
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$3,641,088J 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) 85,135
2 Check bullet.............
3 Interest on savings and temporary cash investments 27,428 27,428  
4 Dividends and interest from securities... 43,454 43,454  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 393,526
b Gross sales price for all assets on line 6a 1,075,291
7 Capital gain net income (from Part IV, line 2)... 393,526
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).......      
12 Total. Add lines 1 through 11........ 549,543 464,408  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,000     3,000
c Other professional fees (attach schedule).... Click to see attachment 36,108 30,536   5,572
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,292 692    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 19,411     19,411
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 63 63    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 59,874 31,291   27,983
25 Contributions, gifts, grants paid....... 171,230 171,230
26 Total expenses and disbursements. Add lines 24 and 25 231,104 31,291   199,213
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 318,439
b Net investment income (if negative, enter -0-) 433,117
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 147,322 92,003 92,003
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) 320,701 Click to see attachment351,339 347,736
b Investments—corporate stock (attach schedule)....... 1,006,181 Click to see attachment1,175,165 1,718,182
c Investments—corporate bonds (attach schedule)....... 1,003,207 Click to see attachment1,176,906 1,145,449
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 375,000 Click to see attachment376,786 337,718
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) 2,852,411 3,172,199 3,641,088
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........ 2,852,411 3,172,199
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)..... 2,852,411 3,172,199
31 Total liabilities and net assets/fund balances (see instructions). 2,852,411 3,172,199
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
2,852,411
2
Enter amount from Part I, line 27a .....................
2
318,439
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,349
4
Add lines 1, 2, and 3 ..........................
4
3,172,199
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,172,199
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
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 1,049,799   681,765 368,034
b
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       368,034
b
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 2 393,526
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 184,584 3,370,465 0.054765
2016 171,249 3,321,634 0.051556
2015 194,950 3,360,831 0.058006
2014 160,017 3,283,559 0.048733
2013 153,332 3,117,462 0.049185
2
Total of line 1, column (d) .....................
2
0.262245
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
0.052449
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
3,742,241
5
Multiply line 4 by line 3......................
5
196,277
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,331
7
Add lines 5 and 6........................
7
200,608
8
Enter qualifying distributions from Part XII, line 4,.............
8
199,213
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 8,662
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 8,662
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 8,662
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,540
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,122
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,662
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  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   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)
    bullet
    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
     
     
    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 addressbulletTHEHOLLEYFOUNDATION.ORG
    14
    The books are in care ofbulletCIBC BANK USA Telephone no.bullet (248) 566-4715

    Located atbullet34901 WOODWARD AVE STE 200BIRMINGHAMMI ZIP+4bullet48009
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
     
    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
    LYNN KRUGMAN PRESIDENT
    10.00     		0 0 0
    19 SCOTTSDALE COURT
    LUTHERVILLE,MD21093
    REV GEORGE HOLLEY MEMBER/PRGM
    10.00     		0 0 0
    1846 HEYDON COURT
    HENDERSON,NV89014
    CHARLIE KUEHN TRUSTEE
    10.00     		0 0 0
    285 WAUWATOSA RD
    CEDARBURG,WI53012
    ANDY KUEHN SECRETARY/TR
    10.00     		0 0 0
    7620 N FAIRCHILD
    FOX POINT,WI53217
    STEPHEN HOLLEY 1ST VP/MEMB
    10.00     		0 0 0
    50 RIVER OAKS LANE
    BASALT,CO81621
    GREGG KUEHN MEMBER/TREAS
    10.00     		0 0 0
    1756 12TH AVENUE
    GRAFTON,WI53024
    BEN DEVRIES TRUSTEE
    10.00     		0 0 0
    8 RAMONA AVENUE
    SAN FRANCISCO,CA94103
    JENNIFER BOYD TRUSTEE
    10.00     		0 0 0
    408 WEDGEWOOD DR
    HENDERSON,NV89014
    ERIKA KUEHN TRUSTEE
    10.00     		0 0 0
    308 W HIGH ST
    URBANA,IL61801
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    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
    3,657,137
    b
    Average of monthly cash balances.......................
    1b
    142,092
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,799,229
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,799,229
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    56,988
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,742,241
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    187,112
    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
    187,112
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    8,662
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,662
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    178,450
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    178,450
    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
    178,450
    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
    199,213
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    199,213
    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
    199,213
    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 7 178,450
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 2,155
    b From 2014......  
    c From 2015...... 30,634
    d From 2016...... 7,763
    e From 2017...... 17,301
    fTotal of lines 3a through e........ 57,853
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 199,213
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 178,450
    e Remaining amount distributed out of corpus 20,763
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 78,616
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		2,155
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		76,461
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 30,634
    c Excess from 2016.... 7,763
    d Excess from 2017.... 17,301
    e Excess from 2018.... 20,763
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE HOLLEY FOUNDATION
    C/O CIBC BANK USA
    34901 WOODWARD AVENUE STE 200
    BIRMINGHAM,MI48009
    (248) 566-4700
    GRANTS@THEHOLLEYFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    E-MAIL TRANSMISSION PREFERRED, USE OF THE COUNCIL OF MICHIGAN FOUNDATIONS COMMON GRANT APPLICATION PREFERRED. APPLICANT MUST INCLUDE A COPY OF THE 501C3 LETTER
    cAny submission deadlines:
    MARCH 30 FOR THE SPRING MEETING AND SEPTEMBER 30 FOR THE FALL MEETING
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS MADE FOR PROGRAMS AND ORGANIZATIONS LOCATED IN SOUTHEASTERN MICHIGAN, ESPECIALLY THE METRO-DETROIT AREA. ORGANIZATIONS/PROGRAMS LOCATED OUTSIDE SOUTHEASTERN MICHIGAN MUST BE SPONSORED BY AN INDIVIDAUL TRUSTEE WHO IS FAMILIAR WITH THE ORGANIZATION.
    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
    BEYOND BASICS
    PO BOX 1504
    BIRMINGHAM,MI48012     		  EXEMPT FOR NICHOLS SCHOOL LITERACY PROGRAM 45,000
    COMM FOUNDATION FOR SOUTHEAST MICH
    333 WEST FORT ST
    DETROIT,MI482263134     		  EXEMPT PROGRAM SERVICES 6,000
    DETROIT PARENT NETWORK
    726 LOTHROP RD
    DETROIT,MI48202     		  EXEMPT PROJECT GRADUATION AT SE HIGH SCH 12,500
    GLEANERS COMM FOOD BANK OF SE MICH
    2131 BEAUFAIT
    DETROIT,MI482073410     		  EXEMPT SCHOOL FOOD MOBILE PANTRY & BACKPACK 28,450
    INSIDEOUT LIT ART PROJ CARSTENS SC
    13000 ESSEX AVE
    DETROIT,MI482153243     		  EXEMPT BOOKUP PROGRAM @ CARSTENS SCHOOL 10,000
    MACC DEVELOPMENT
    7900 MACK AVE
    DETROIT,MI48214     		  EXEMPT 2019 SUM LIT CAMP & FUND SALARIES 47,000
    DETROIT CREATIVITY PROJECT
    23801 CALABASAS ROAD
    SUITE 2026
    CALABASAS,CA91302     		  EXEMPT IMPROVEMENT PROJECT SE VILLAGE SCHOO 3,300
    CAPUCHIN SOUP KITCHEN
    1820 MOUNT ELLIOTT ST
    DETROIT,MI48207     		  EXEMPT PROGRAM SERVICES 1,430
    DETROIT PUBLIC SCHOOLS FOUNDATION
    3011 W GRAND BLVD
    DETROIT,MI48202     		  EXEMPT IPADS FOR MOSES FIELD SCHOOL STUDENT 2,550
    WAYNE STATE UNIVERSITY
    42 W WARREN AVE
    DETROIT,MI48202     		  EXEMPT CHAMPS PROGRAM FUNDING 15,000
    Total .................................bullet 3a 171,230
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 27,428  
    4 Dividends and interest from securities....     14 43,454  
    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 ............     		    18 393,526  
    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)..   464,408  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    464,408
    (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
    THE HOLLEY FOUNDATION
    C/O CIBC BANK USA
    Employer identification number

    38-6055168
    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
    THE HOLLEY FOUNDATION
    C/O CIBC BANK USA         		Employer identification number
    38-6055168
    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
    DAVID V UIHLEIN FOUNDATION  
    735 N WATER ST STE 712
     
    MILWAUKEE, WI532024104

    		$ 35,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MARGERY H UIHLEIN  
    1210 WEST ESTATES DR N-124
     
    MEQUON, WI53092

    		$ 49,985


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    THE HOLLEY FOUNDATION
    C/O CIBC BANK USA         		Employer identification number

    38-6055168
    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
    		 1101 SH US BANCORP STOCK CUSIP XXX-XX-XXXX PUBLICLY TRADED STOCK $ 49,985 2018-12-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    THE HOLLEY FOUNDATION
    C/O CIBC BANK USA         		Employer identification number

    38-6055168
    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:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PARTYKA & COMPANY P.C - TAX 3,000     3,000

    TY 2018 ExplnOfNonFilingWithAGStmt
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Statement:
    MICHIGAN DOES NOT REQUIRE REGISTRATION IF DONATIONS ARE NOT SOLICITED FROM THE GENERAL PUBLIC.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AON PLC 25,269 24,412
    CHUBB INA HOLDINGS INC 19,775 19,714
    AT&T INC 5.5% 2/2018    
    AMERICAN EXPRESS 3.625% 12/2024 25,023 23,923
    BB&T CORP 4.9% 6/2017 26,149 25,321
    BANK OF AMERICA CORP 3.248 10/21/202 24,868 23,141
    BURLINGTON NORTHERN SANTA FE 4.7% 25,463 25,305
    DOVER CORP 5.45% 3/2018    
    EATON CORP 5.6% 5/2018    
    EMERSON ELECTRONIC CO 4.25% 11/15/20 25,543 25,506
    FREDDIE MAC 1.1% 11/8/2021-2017    
    FREDDIE MAC 1.75% 10/27/2022-2018 40,000 39,679
    FREDDIE MAC 2% 11/22/2022-2018 49,987 49,550
    FREDDIE MAC 3% 6/28/2003-2018 30,000 30,012
    FANNIE MAE POOL 735912 5.5% 4,495 4,403
    FNMA POOL 995112 5,069 4,951
    GENERAL ELEC CAP CORP 4.65% 10/2021 25,542 22,649
    GEORGIA PWR COMPANY 2.85% 20,185 19,648
    GOLDMAN SACHS BK USA 1.55% 10/2017 54,749 54,623
    HOME DEPOT INC 3% 04/01/2026 23,903 24,216
    INTERSTATE POWER & LIGHT 15,590 14,618
    JP MORGAN CHASE & CO 6% 1/2018    
    JP MORGAN CHASE & CO 4.5% 1/24/2022 25,882 25,760
    MARSH & MCCLENNAN 14,996 14,775
    MCDONALDS CORP 5/26/20    
    BERKSHIRE HATHAWAY ENERGY 3.75% 11/1 25,860 25,355
    MORGAN STANLEY 2.625% 11/17/2021 9,986 9,760
    NAT'L RURAL UTIL COOP 3.05% 3/2016 19,910 19,886
    NORTHEAST UTILITIES 2.8% 05/01/2023 19,581 19,516
    PNC FINANCIAL SERVICES GROUP 25,722 24,786
    PRAXAIR INC 3% 9/2021 15,207 15,013
    PROGRESSIVE CORP 3.75% 8/23/2021 15,212 15,196
    SHELL INTERNATIONAL FIN 15,759 14,791
    TARGET CORP 2.5% 4/15/2026 14,174 14,004
    UNION PACIFIC CORP INDUSTRY RAILROAD 19,982 19,965
    UNIONBANCAL CORP 3.5% 6/18/22 15,545 15,036
    US BANCORP 2.95 25,050 23,672
    WELLS FARGO & CO 4.6% 4/2021 21,037 19,673
    XCEL ENERGY INC 25,350 24,430
    VANGUARD INTERMEDIATE TERM INV GR 128,043 123,047
    VANGUARD SHORT-TERM INVESTMENT 298,000 289,113
    PURDUE IN UNIV COPS 5.388% 7/2022-19    

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABIOMED INC 2,264 32,504
    ACCELERATE DIAGNOSTICS INC 13,674 6,900
    ACXIOM CORP.    
    ADOBE SYSTEMS INC 7,621 22,624
    CHAMPLAIN MID CAP INSTITUTIONAL 55,000 56,534
    ALPHABET INC CL C 1,515 5,178
    ALPHABET INC CL A 1,516 5,225
    AMAZON.COM 4,645 37,549
    APPLE INC 1,786 21,295
    CARMAX INC 14,856 17,252
    CHEVRON CORPORATION 17,726 17,406
    DAVE & BUSTER'S ENTERTAINMENT 17,301 18,492
    DEXCOM INC 2,618 38,935
    WALT DISNEY COMPANY 24,870 23,575
    ECOLAB INC 3,712 23,134
    EDWARDS LIFESCIENCES CORP 9,640 15,317
    EVOLENT HEALTH INC CL A 19,370 24,439
    FASTENAL 4,739 14,380
    GILEAD SCIENCES INC 3,017 10,008
    JB HUNT TRANSPORT SERVICES INC 14,660 20,004
    INTERCONTINENTAL EXCHANGE INC 2,360 15,066
    INTUITIVE SURGICAL INC 3,214 43,103
    ISHARES RUSSELL 2000 ETF    
    JOHNSON & JOHNSON 12,468 25,810
    LOWE'S COMPANIES INC 13,882 44,333
    MICROSOFT CORP 11,884 23,869
    NEVRO CORP    
    NORDSTROM INC 18,763 18,644
    PRA GROUP INC    
    PAYPAL HOLDINGS INC 10,142 12,193
    PIONEER NATURAL RESOURCES COMPANY 19,069 19,728
    PROCTER & GAMBLE CO    
    PROTO LABS INC    
    PURE STORAGE INC 19,971 16,160
    RED HAT, INC. 12,213 45,666
    RITCHIE BROS AUCTIONEERS INC 21,822 21,432
    SALESFORCE COM INC 2,463 43,830
    SCHLUMBERGER LTD    
    SIX FLAGS ENTERTAINMENT CORP 13,343 12,795
    STARBUCKS CORP 2,885 41,538
    STRYKER CORP 3,602 11,756
    TRANSDIGM GROUP INC 1,731 11,902
    TRIMBLE INCORPORATED 20,319 16,455
    TWILIO INC CL A    
    US BANCORP NEW 49,985 50,316
    ULTIMATE SOFTWARE GROUP INC 1,679 29,384
    VANGUARD DIVIDEND GROWTH FUND 121,389 233,425
    VANGUARD SML CAP INDX-ADM 85,000 72,259
    VANGUARD 500 INDEX FUND - ADM 195,000 177,321
    WABTEC CORP 13,572 12,996
    WATSCO INC    
    WORKDAY INC CLASS A 7,666 16,766
    ZOETIS INC 11,612 34,216
    IHS MARKIT LTD 15,305 14,631
    MEDTRONIC PLC 19,087 21,830
    KORNIT DIGITAL LTD 9,209 10,390
    ALIBABA GROUP HLDGS SP ADR    
    HARDING LOEVNER INSTITUTIONAL 75,000 66,714
    ISHARES MSCI EAFE ETF    
    MFS INSTITUTIONAL INTERNATIONAL 60,000 57,447
    MATTHEWS PACIFIC TIGER FD-IS 60,000 51,137
    VANGUARD DEV MKT INDX-ADM 40,000 34,319

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    US Government Securities - End of Year Book Value:

    250,324
    US Government Securities - End of Year Fair Market Value:

    247,244
    State & Local Government Securities - End of Year Book Value:


    101,015
    State & Local Government Securities - End of Year Fair Market Value:


    100,492


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ASAIX AT COST 50,000 41,105
    EIGMX AT COST 78,653 75,221
    JMMSX AT COST    
    BPIRX AT COST 50,000 48,488
    BLRYX AT COST 98,133 90,099
    CSRIX AT COST 100,000 82,805

    TY 2018 OtherExpensesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    FEES & DUES 20 20    
    INVESTMENT EXPENSE 43 43    


    TY 2018 OtherIncreasesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Description Amount
    TIMING DIFFERENCES 1,349


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE/EXECUTOR FEES 27,858 22,286   5,572
    INVESTMENT MGMT FEES 8,250 8,250    


    TY 2018 TaxesSchedule
    Name:
    THE HOLLEY FOUNDATION
     
    C/O CIBC BANK USA
    EIN:
    38-6055168
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX 600      
    FOREIGN TAXES 692 692