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
W SETON BELT CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212
A Employer identification number

47-3462346
B Telephone number (see instructions)

(412) 768-9969
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$42,320,039J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,049,793 1,049,793  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,008,942
b Gross sales price for all assets on line 6a 10,533,727
7 Capital gain net income (from Part IV, line 2)... 2,008,942
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 36,191    
12 Total. Add lines 1 through 11........ 3,094,926 3,058,735  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 165,436 132,349   33,087
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 39,824 2,224   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 40     40
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 205,300 134,573 0 33,127
25 Contributions, gifts, grants paid....... 2,067,475 2,067,475
26 Total expenses and disbursements. Add lines 24 and 25 2,272,775 134,573 0 2,100,602
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 822,151
b Net investment income (if negative, enter -0-) 2,924,162
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 997,829 2,293,306 2,293,306
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,844,736 2,675,435 2,913,096
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,214,614 Click to see attachment37,020,784 37,113,637
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) 41,057,179 41,989,525 42,320,039
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........ 40,864,399 41,838,828
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 192,780 150,697
30 Total net assets or fund balances (see instructions)..... 41,057,179 41,989,525
31 Total liabilities and net assets/fund balances (see instructions). 41,057,179 41,989,525
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
41,057,179
2
Enter amount from Part I, line 27a .....................
2
822,151
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
112,070
4
Add lines 1, 2, and 3 ..........................
4
41,991,400
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,875
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
41,989,525
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 520. ABBOTT LABORATORIES INC   2016-06-08 2018-01-11
b 150. ABBOTT LABORATORIES INC   2017-07-25 2018-01-11
c 1. BANK OF AMERICA CORP   2001-01-01 2018-01-11
d 1. COUNTRYWIDE FINANCIAL CORP MERGED 7/01/2008   2001-01-01 2018-01-11
e 70. THERMO ELECTRON CORP COM   2016-07-12 2018-01-11
230. DTE ENERGY CO   2016-08-12 2018-01-16
630. TRANSCANADA CORP (HOLDING CO) NAME CHANGE 05/09/2019   2017-01-26 2018-01-16
280. TRANSCANADA CORP (HOLDING CO) NAME CHANGE 05/09/2019   2016-10-10 2018-01-16
130. AT&T INC   2015-07-30 2018-01-17
40. ABBVIE INC   2017-07-12 2018-01-17
20. AETNA INC NEW   2017-04-25 2018-01-17
50. AMERICAN ELECTRIC POWER INC   2015-10-16 2018-01-17
70. AMERICAN WATER WORKS CO INC   2014-08-14 2018-01-17
20. AMGEN INC   2018-01-11 2018-01-17
40. ANALOG DEVICES INC   2017-06-13 2018-01-17
600. BANK OF AMERICA CORP   2016-12-01 2018-01-17
110. BANK NEW YORK MELLON CORP COM   2016-04-27 2018-01-17
60. BAXTER INTERNATIONAL INC   2018-01-11 2018-01-17
70. BERRY GLOBAL GROUP INC   2016-08-12 2018-01-17
80. BORG WARNER INC.   2017-11-09 2018-01-17
60. CDW CORP/DE   2014-07-10 2018-01-17
90. CARNIVAL CORP SEDOL 2523044   2015-11-13 2018-01-17
110. CISCO SYS INC COM   2013-03-18 2018-01-17
150. CITIGROUP INC   2017-01-09 2018-01-17
170. CITIZENS FINANCIAL GROUP   2016-10-04 2018-01-17
120. COMCAST CORPORATION CL A   2011-10-13 2018-01-17
160. CONOCOPHILLIPS   2017-11-03 2018-01-17
20. CONSTELLATION BRANDS INC CL A   2014-07-09 2018-01-17
60. CROWN HOLDINGS INC   2017-06-19 2018-01-17
30. CUMMINS INC   2017-05-30 2018-01-17
130. DTE ENERGY CO   2016-08-16 2018-01-17
60. DIAMOND BACK ENERGY INC   2016-11-28 2018-01-17
50. DOLLAR TREE INC   2017-09-20 2018-01-17
70. DOWDUPONT INC REV SPLIT 06/03/19   2015-10-14 2018-01-17
20. GENERAL DYNAMICS CORP   2015-05-21 2018-01-17
30. HOME DEPOT INC COM   2016-05-13 2018-01-17
20. HONEYWELL INTL INC   2015-02-05 2018-01-17
30. ILLINOIS TOOL WORKS INC COM   2016-04-21 2018-01-17
40. INGREDION INC   2016-10-10 2018-01-17
140. INTEL CORP   2015-12-22 2018-01-17
308. ISHARES TR RUSSELL 1000 GROWTH INDEX FD   2016-02-26 2018-01-17
3285. ISHARES TR RUSSELL 1000 GROWTH INDEX FD   2013-06-17 2018-01-17
160. J P MORGAN CHASE & CO COM   2011-06-28 2018-01-17
80. JOHNSON & JOHNSON COM   2012-11-30 2018-01-17
1256.349 JPMORGAN VALUE ADVANTAGE-INS FD 1400   2013-06-20 2018-01-17
10692.328 JPMORGAN VALUE ADVANTAGE-INS FD 1400   2013-10-28 2018-01-17
20. LAM RESEARCH CORP   2016-01-28 2018-01-17
70. MERCK & CO INC   2016-11-01 2018-01-17
20. MOHAWK INDS INC   2017-08-03 2018-01-17
170. MORGAN STANLEY   2016-10-10 2018-01-17
10. NORTHROP GRUMMAN CORPORATION   2015-05-18 2018-01-17
50. OCCIDENTAL PETE CORP COM   2018-01-16 2018-01-17
100. ORACLE CORP   2017-07-25 2018-01-17
20. PARKER HANNIFIN CORP   2017-03-21 2018-01-17
40. PEPSICO INC COM   2016-06-06 2018-01-17
200. PFIZER INC COM   2015-11-30 2018-01-17
80. PINNACLE FOODS INC MERGED 10/26/18 @ $43.11 P/S   2017-05-10 2018-01-17
60. POST HOLDINGS INC-W CLASS I   2017-08-31 2018-01-17
60. PRICE T ROWE GROUP INC COM   2017-08-25 2018-01-17
1001.199 T ROWE PRICE GROWTH STOCK FUND   2014-01-14 2018-01-17
9585.143 T ROWE PR GROWTH STOCK-I   2011-05-20 2018-01-17
130. PROLOGIS INC   2016-07-29 2018-01-17
70. PRUDENTIAL FINANCIAL INC COM   2017-04-19 2018-01-17
20. RAYTHEON COMPANY   2015-12-03 2018-01-17
1517.88 ROWE T PRICE VALUE FD INC COM   2014-01-14 2018-01-17
10290.713 T ROWE PRICE VALUE FUND-I   2013-10-28 2018-01-17
120. ROYAL DUTCH SHELL PLC ADR A   2017-10-24 2018-01-17
40. S&P GLOBAL INC   2016-05-23 2018-01-17
30. STANLEY BLACK & DECKER INC   2017-11-03 2018-01-17
70. STATE STR CORP COM   2016-08-23 2018-01-17
110. SUNTRUST BANKS INC COM   2016-05-23 2018-01-17
50. T-MOBILE US INC   2017-05-12 2018-01-17
40. TEXAS INSTRS INC COM   2016-05-04 2018-01-17
20. THERMO ELECTRON CORP COM   2016-07-12 2018-01-17
120. TOTAL FINA S A   2016-02-12 2018-01-17
80. TYSON FDS INC COM   2016-02-26 2018-01-17
40. UNITED RENTALS INC COM   2017-02-03 2018-01-17
30. UNITEDHEALTH GROUP INC COM   2016-11-28 2018-01-17
70. UNUMPROVIDENT CORP COM   2018-01-16 2018-01-17
50. WEC ENERGY GROUP INC   2009-04-09 2018-01-17
70. XCEL ENERGY INC COM   2015-02-26 2018-01-17
130. ZIONS BANCORP   2017-08-25 2018-01-17
55. GENERAL DYNAMICS CORP   2013-08-02 2018-01-19
6262.808 AQR EQUITY MARKET NEUTRAL-I   2017-04-20 2018-02-01
428.415 AQR EQUITY MARKET NEUTRAL-I   2016-07-26 2018-02-01
402.621 AQR EQUITY MARKET NEUTRAL-I   2017-04-20 2018-02-01
3639.801 AQR EQUITY MARKET NEUTRAL-I   2016-07-26 2018-02-01
67849.828 ASG GLOBAL ALTERNATIVES FUND CL Y   2017-11-01 2018-02-01
5174.209 ASG GLOBAL ALTERNATIVES FUND CL Y   2017-09-19 2018-02-01
670.629 ASG GLOBAL ALTERNATIVES FUND CL Y   2017-07-17 2018-02-01
14.326 T ROWE PRICE REAL ESTATE FUND FD 122   2017-01-31 2018-02-01
21.778 T ROWE PRICE REAL ESTATE FUND FD 122   2017-06-09 2018-02-01
426.456 T ROWE PRICE REAL ESTATE FUND FD 122   2017-01-31 2018-02-01
16. J P MORGAN CHASE & CO COM   2009-01-20 2018-02-07
99. J P MORGAN CHASE & CO COM   2009-01-20 2018-02-07
311. CROWN HOLDINGS INC   2017-06-19 2018-02-15
29. CROWN HOLDINGS INC   2017-06-19 2018-02-15
70. INGREDION INC   2017-10-30 2018-02-20
150. INGREDION INC   2016-10-10 2018-02-20
340. PROLOGIS INC   2017-06-15 2018-02-22
390. PROLOGIS INC   2016-07-29 2018-02-22
136. PROLOGIS INC   2017-07-24 2018-02-23
1. WELLTOWER INC   2017-09-28 2018-02-23
130. WELLTOWER INC   2014-12-10 2018-02-23
24. WELLTOWER INC   2017-09-28 2018-02-23
44. PROLOGIS INC   2017-07-24 2018-02-26
240. PEPSICO INC COM   2016-06-06 2018-03-06
590. ORACLE CORP   2017-07-25 2018-03-12
150. STANLEY BLACK & DECKER INC   2017-11-03 2018-03-12
320. DOLLAR TREE INC   2017-09-20 2018-03-13
135. MAGELLAN MIDSTREAM PARTNERS LP   2016-01-14 2018-03-13
45. VALERO ENERGY CORP NEW COM   2016-11-14 2018-03-13
237. AMERICAN ELECTRIC POWER INC   2015-10-16 2018-03-16
33. AMERICAN ELECTRIC POWER INC   2016-02-11 2018-03-16
330. BANK OF AMERICA CORP   2016-12-01 2018-03-16
80. BANK OF AMERICA CORP   2016-12-01 2018-03-16
15. POST HOLDINGS INC-W CLASS I   2017-08-31 2018-03-20
1. POST HOLDINGS INC-W CLASS I   2017-08-31 2018-03-20
194. POST HOLDINGS INC-W CLASS I   2017-08-31 2018-03-20
101. POST HOLDINGS INC-W CLASS I   2017-10-30 2018-03-20
19. POST HOLDINGS INC-W CLASS I   2017-10-30 2018-03-20
13. GENERAL MILLS INC COM   2016-07-14 2018-03-23
167. GENERAL MILLS INC COM   2016-07-14 2018-03-23
35. WYNDHAM WORLDWIDE CORP   2011-10-28 2018-03-23
140. MOHAWK INDS INC   2017-08-03 2018-04-05
3307.607 COLUMBIA FLOATING RATE FUND INSTITUTIONAL   2017-12-18 2018-04-13
5530.973 COLUMBIA FLOATING RATE FUND INSTITUTIONAL   2017-06-08 2018-04-13
22148.394 COLUMBIA FLOATING RATE FUND INSTITUTIONAL   2017-06-12 2018-04-13
61742.007 COLUMBIA FLOATING RATE FUND INSTITUTIONAL   2017-12-19 2018-04-13
120. AETNA INC NEW   2017-04-25 2018-04-19
34. ILLINOIS TOOL WORKS INC COM   2016-04-21 2018-04-19
136. ILLINOIS TOOL WORKS INC COM   2016-04-21 2018-04-19
370. UNUMPROVIDENT CORP COM   2018-01-16 2018-05-03
114. UNUMPROVIDENT CORP COM   2017-11-13 2018-05-11
145. VALERO ENERGY CORP NEW COM   2016-11-14 2018-05-11
101. UNUMPROVIDENT CORP COM   2017-11-13 2018-05-14
304. BERRY GLOBAL GROUP INC   2016-08-15 2018-05-17
126. BERRY GLOBAL GROUP INC   2016-08-16 2018-05-17
140. HONEYWELL INTL INC   2015-05-21 2018-05-17
1115.193 AQR EQUITY MARKET NEUTRAL-I   2017-07-17 2018-05-21
12963.186 AQR EQUITY MARKET NEUTRAL-I   2017-07-17 2018-05-21
386.064 DIAMOND HILL LONG-SHORT FUND CL I   2017-06-09 2018-05-21
516.595 DIAMOND HILL LONG-SHORT FUND CL I   2018-02-01 2018-05-21
3596.134 DIAMOND HILL LONG-SHORT FUND CL I   2016-01-25 2018-05-21
5931.014 DIAMOND HILL LONG-SHORT FUND CL I   2018-02-01 2018-05-21
965.586 DIAMOND HILL LONG-SHORT FUND CL I   2017-09-20 2018-05-21
804.497 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I   2017-06-09 2018-05-21
6654.066 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I   2018-02-01 2018-05-21
76930.492 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I   2018-02-01 2018-05-21
1810.788 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I   2017-09-20 2018-05-21
7958.274 GOLDMAN SACHS ABSOLUTE RETURN TRACKER FUND CL I   2017-04-20 2018-05-21
84.002 T ROWE PRICE REAL ESTATE FUND FD 122   2017-06-09 2018-05-21
764.706 T ROWE PRICE REAL ESTATE FUND FD 122   2017-07-17 2018-05-21
211.748 T ROWE PRICE REAL ESTATE FUND FD 122   2017-01-31 2018-05-21
100. PRICE T ROWE GROUP INC COM   2016-05-18 2018-05-24
55. ROYAL DUTCH SHELL PLC ADR A   2017-11-02 2018-05-24
240. ANALOG DEVICES INC   2017-06-13 2018-05-29
120. CITIGROUP INC   2017-01-09 2018-05-31
330. CITIGROUP INC   2017-07-25 2018-05-31
420. CITIGROUP INC   2017-01-09 2018-05-31
180. CUMMINS INC   2017-05-30 2018-06-01
230. DIAMOND BACK ENERGY INC   2016-11-28 2018-06-01
120. DIAMOND BACK ENERGY INC   2017-06-01 2018-06-01
106. FIRST AMERICAN FINANCIAL W/I   2017-12-19 2018-06-04
61. FIRST AMERICAN FINANCIAL W/I   2017-12-19 2018-06-05
113. FIRST AMERICAN FINANCIAL W/I   2017-12-19 2018-06-05
110. WYNDHAM WORLDWIDE CORP   2011-10-28 2018-06-11
30. SMUCKER J M CO COM NEW   2018-03-06 2018-06-12
170. SMUCKER J M CO COM NEW   2018-03-06 2018-06-12
93. LAMAR ADVERTISING CO-A   2016-01-22 2018-06-18
72. LAMAR ADVERTISING CO-A   2016-01-25 2018-06-19
681. ISHARES TR RUSSELL 1000 GROWTH INDEX FD   2013-06-17 2018-06-20
22. CUMMINS INC   2017-05-24 2018-06-28
48. CUMMINS INC   2017-05-24 2018-06-28
80. 3M COMPANY COM   2015-03-13 2018-06-28
130. CDW CORP/DE   2014-07-10 2018-07-05
262. CARNIVAL CORP SEDOL 2523044   2015-11-13 2018-07-05
238. CARNIVAL CORP SEDOL 2523044   2016-04-14 2018-07-05
50. CONSTELLATION BRANDS INC CL A   2014-07-09 2018-07-05
110. J P MORGAN CHASE & CO COM   2011-06-28 2018-07-05
120. PRUDENTIAL FINANCIAL INC COM   2017-04-19 2018-07-05
390. BANK OF AMERICA CORP   2016-12-01 2018-07-09
90. CONSTELLATION BRANDS INC CL A   2014-07-09 2018-07-09
100. GENERAL DYNAMICS CORP   2015-05-21 2018-07-09
100. THERMO ELECTRON CORP COM   2016-07-12 2018-07-09
120. PARKER HANNIFIN CORP   2017-03-21 2018-07-25
400. STATE STR CORP COM   2016-08-23 2018-07-25
310. TYSON FDS INC COM   2016-02-26 2018-07-25
150. TYSON FDS INC COM   2017-10-30 2018-07-25
1. L3 COMMUNICATIONS XXX-XX-XXXX   2001-01-01 2018-07-26
470. PINNACLE FOODS INC MERGED 10/26/18 @ $43.11 P/S   2017-05-10 2018-08-09
80. TRANSDIGM GROUP INC   2018-04-19 2018-08-09
80. ILLINOIS TOOL WORKS INC COM   2017-01-30 2018-08-13
120. LAM RESEARCH CORP   2016-01-28 2018-08-13
20. JOHNSON & JOHNSON COM   2014-05-14 2018-08-21
160. JOHNSON & JOHNSON COM   2014-05-14 2018-08-21
350. ROYAL DUTCH SHELL PLC ADR A   2017-10-24 2018-09-05
110. WYNDHAM HOTELS & RESORTS I   2011-10-28 2018-09-17
80. WYNDHAM HOTELS & RESORTS I   2018-06-11 2018-09-17
5112.474 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I   2013-10-28 2018-09-21
9643.202 PNC TOTAL RETURN ADVANTAGE FUND CLASS I   2013-07-12 2018-09-21
120. S&P GLOBAL INC   2016-05-24 2018-09-21
440. CONOCOPHILLIPS   2017-11-03 2018-10-03
15. GARRETT MOTION INC-WI   2015-01-13 2018-10-05
760. US FOODS HOLDING CORP   2018-03-20 2018-10-10
.5 GARRETT MOTION INC-WI   2015-01-13 2018-10-11
184. BORG WARNER INC.   2017-11-09 2018-10-12
90. GOLDMAN SACHS GROUP INC COM   2018-07-25 2018-10-12
149. BORG WARNER INC.   2017-11-09 2018-10-15
24. BORG WARNER INC.   2017-11-10 2018-10-15
9. JOHNSON & JOHNSON COM   2009-03-26 2018-10-15
81. JOHNSON & JOHNSON COM   2009-03-26 2018-10-15
27. JOHNSON & JOHNSON COM   2016-02-11 2018-10-15
257. JOHNSON & JOHNSON COM   2016-02-11 2018-10-15
96. BORG WARNER INC.   2017-11-10 2018-10-16
37. BORG WARNER INC.   2017-11-10 2018-10-16
112. CBRE GROUP INC   2018-02-22 2018-10-22
888. CBRE GROUP INC   2018-02-22 2018-10-22
140. CATERPILLAR INC   2018-06-01 2018-10-26
530. DISCOVERY INC CLASS A   2018-07-05 2018-10-26
304. DOWDUPONT INC REV SPLIT 06/03/19   2015-05-06 2018-10-26
11. DOWDUPONT INC REV SPLIT 06/03/19   2016-04-26 2018-10-26
366. DOWDUPONT INC REV SPLIT 06/03/19   2015-10-14 2018-10-26
14. DOWDUPONT INC REV SPLIT 06/03/19   2016-02-04 2018-10-26
390. SYNOVUS FINANCIAL CORP   2018-05-31 2018-10-26
220. TEXAS INSTRS INC COM   2016-05-04 2018-10-26
.833 RESIDEO TECHNOLOGIES INC-W/I   2015-01-13 2018-11-01
411. FIRST DATA CORP- CLASS A MERGED 07/29/19   2018-08-13 2018-11-05
43. FIRST DATA CORP- CLASS A MERGED 07/29/19   2018-08-13 2018-11-05
348. FIRST DATA CORP- CLASS A MERGED 07/29/19   2018-08-13 2018-11-06
68. FIRST DATA CORP- CLASS A MERGED 07/29/19   2018-08-13 2018-11-06
25. RESIDEO TECHNOLOGIES INC-W/I   2015-01-13 2018-11-06
449. KELLOGG CO   2018-07-25 2018-11-07
31. KELLOGG CO   2018-10-10 2018-11-07
520. AT&T INC   2011-05-24 2018-11-19
60. AT&T INC   2018-02-23 2018-11-19
246. WELLS FARGO & CO NEW COM   2009-03-26 2018-11-19
9. WELLS FARGO & CO NEW COM   2015-06-25 2018-11-19
16129.032 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I   2013-10-28 2018-11-26
34752.389 TEMPLETON GLOBAL BOND FUND AD FUND   2013-06-24 2018-11-26
150. MOTOROLA SOLUTIONS INC   2018-03-12 2018-11-28
19531.25 PNC TOTAL RETURN ADVANTAGE FUND CLASS I   2013-07-12 2018-11-28
17286.085 TEMPLETON GLOBAL BOND FUND AD FUND   2013-10-28 2018-11-28
80. FEDEX CORPORATION   2018-05-17 2018-11-30
390. JACOBS ENGINEERING GROUP INC   2018-08-09 2018-11-30
302. PRINCIPAL FINANCIAL GROUP COM   2014-10-30 2018-12-10
16. PRINCIPAL FINANCIAL GROUP COM   2016-08-16 2018-12-10
45. PRUDENTIAL FINANCIAL INC COM   2016-11-28 2018-12-10
100. UNITED TECHNOLOGIES CORP COM   2009-03-26 2018-12-10
102. PRINCIPAL FINANCIAL GROUP COM   2016-08-16 2018-12-11
750. SUNCOR ENERGY INC ISIN CA8672241079 SEDOL B3NB1P2   2018-06-01 2018-12-11
11876.485 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I   2013-10-28 2018-12-17
26572.188 TEMPLETON GLOBAL BOND FUND AD FUND   2013-10-28 2018-12-17
85. JOHNSON & JOHNSON COM   2009-03-26 2018-12-18
80. KIMBERLY-CLARK CORP COM   2017-02-22 2018-12-18
30. ALTRIA GROUP INC   2015-01-13 2018-12-27
185. ALTRIA GROUP INC   2015-01-13 2018-12-27
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,501   21,171 9,330
b 8,798   7,627 1,171
c 590     590
d 1,104     1,104
e 14,483   10,746 3,737
23,898   22,200 1,698
30,300   30,076 224
13,466   13,288 178
4,793   4,524 269
4,191   2,877 1,314
3,706   2,680 1,026
3,410   2,928 482
5,777   3,442 2,335
3,772   3,643 129
3,826   3,244 582
18,716   12,986 5,730
6,375   4,543 1,832
4,091   4,108 -17
4,134   3,023 1,111
4,641   4,151 490
4,428   1,911 2,517
6,249   4,653 1,596
4,540   2,398 2,142
11,628   9,071 2,557
7,808   4,253 3,555
5,000   1,413 3,587
9,581   8,471 1,110
4,389   1,806 2,583
3,439   3,489 -50
5,516   4,722 794
13,529   12,195 1,334
7,666   5,854 1,812
5,644   4,176 1,468
5,323   3,310 2,013
4,174   2,811 1,363
5,991   4,017 1,974
3,169   2,075 1,094
5,133   3,153 1,980
5,492   5,385 107
6,219   4,854 1,365
43,753   29,170 14,583
466,815   244,599 222,216
18,099   6,299 11,800
11,760   7,638 4,122
47,000   31,612 15,388
400,000   284,951 115,049
4,097   1,391 2,706
4,346   4,143 203
5,546   5,010 536
9,401   5,606 3,795
3,176   1,581 1,595
3,796   3,792 4
5,021   5,110 -89
4,217   3,153 1,064
4,773   4,106 667
7,447   6,547 900
4,807   4,657 150
4,802   5,092 -290
6,971   5,036 1,935
66,800   52,713 14,087
640,000   321,986 318,014
8,159   7,080 1,079
8,647   7,319 1,328
3,940   2,460 1,480
59,000   51,517 7,483
400,000   353,085 46,915
8,432   7,421 1,011
7,075   4,412 2,663
5,214   4,891 323
7,449   4,858 2,591
7,522   4,670 2,852
3,193   3,280 -87
4,756   2,264 2,492
4,226   3,070 1,156
7,046   5,148 1,898
6,336   5,248 1,088
7,217   5,141 2,076
7,154   4,545 2,609
3,947   3,961 -14
3,175   975 2,200
3,198   2,481 717
6,949   5,824 1,125
11,454   6,191 5,263
78,598   76,317 2,281
5,377   4,983 394
5,053   4,898 155
45,680   42,995 2,685
782,309   747,027 35,282
59,659   56,953 2,706
7,732   7,095 637
388   404 -16
590   618 -28
11,548   12,039 -491
1,805   314 1,491
11,219   2,451 8,768
15,975   18,086 -2,111
1,480   1,686 -206
9,061   8,773 288
19,417   20,193 -776
20,423   19,867 556
23,427   20,304 3,123
8,326   8,171 155
54   70 -16
7,029   9,888 -2,859
1,287   1,692 -405
2,692   2,658 34
26,141   24,940 1,201
31,196   29,521 1,675
23,700   24,683 -983
30,463   26,729 3,734
8,682   6,960 1,722
4,222   2,817 1,405
16,000   14,472 1,528
2,221   2,032 189
10,675   7,142 3,533
2,588   1,731 857
1,116   1,273 -157
74   85 -11
14,447   16,531 -2,084
7,522   8,339 -817
1,415   1,569 -154
588   937 -349
7,473   12,039 -4,566
4,016   1,223 2,793
33,526   35,064 -1,538
30,198   30,000 198
50,498   50,000 498
202,215   200,000 2,215
563,705   560,000 3,705
21,197   17,894 3,303
5,384   3,574 1,810
21,540   14,294 7,246
14,448   20,937 -6,489
4,332   6,035 -1,703
16,608   9,078 7,530
3,838   5,345 -1,507
14,450   13,233 1,217
5,978   5,483 495
20,588   14,849 5,739
13,204   13,943 -739
153,484   162,949 -9,465
10,092   10,086 6
13,504   13,979 -475
94,003   84,906 9,097
155,037   160,493 -5,456
25,240   25,125 115
7,828   7,744 84
64,744   65,343 -599
748,534   755,457 -6,923
17,619   17,583 36
77,434   75,047 2,387
2,251   2,386 -135
20,494   21,706 -1,212
5,675   5,978 -303
12,101   7,438 4,663
3,835   3,511 324
22,660   19,463 3,197
7,920   7,257 663
21,928   23,049 -1,121
27,908   25,168 2,740
25,864   28,335 -2,471
26,676   23,950 2,726
13,918   11,284 2,634
5,485   6,048 -563
3,158   3,480 -322
5,826   6,488 -662
5,355   2,948 2,407
3,173   3,870 -697
18,007   21,932 -3,925
6,510   5,167 1,343
4,986   3,984 1,002
100,522   50,707 49,815
2,921   3,410 -489
6,373   7,445 -1,072
15,655   12,934 2,721
10,601   4,141 6,460
14,895   13,531 1,364
13,508   12,286 1,222
10,731   4,514 6,217
11,438   5,604 5,834
11,297   12,547 -1,250
11,271   8,441 2,830
19,517   8,126 11,391
19,169   14,057 5,112
21,102   15,352 5,750
19,431   18,920 511
34,790   27,899 6,891
19,346   21,338 -1,992
9,361   10,755 -1,394
1,431     1,431
31,123   27,359 3,764
28,837   26,139 2,698
10,915   10,275 640
21,433   8,346 13,087
2,718   2,019 699
21,683   16,158 5,525
22,675   21,803 872
6,115   3,855 2,260
4,447   4,966 -519
100,000   99,182 818
100,000   102,797 -2,797
25,545   13,333 12,212
34,442   23,302 11,140
238   156 82
22,281   26,244 -3,963
8   5 3
6,953   9,548 -2,595
19,241   21,196 -1,955
5,672   7,733 -2,061
917   1,253 -336
1,205   475 730
10,899   4,276 6,623
3,615   2,727 888
34,582   32,069 2,513
3,663   5,014 -1,351
1,412   1,932 -520
4,435   5,047 -612
34,911   40,017 -5,106
15,996   21,468 -5,472
16,040   14,632 1,408
15,861   15,745 116
572   591 -19
19,096   17,311 1,785
728   662 66
14,310   21,203 -6,893
20,017   12,451 7,566
19   15 4
7,582   9,911 -2,329
795   1,037 -242
6,500   8,392 -1,892
1,269   1,640 -371
591   440 151
28,718   31,709 -2,991
1,982   2,157 -175
15,775   18,143 -2,368
1,820   2,194 -374
13,057   9,499 3,558
479   517 -38
300,000   312,903 -12,903
400,000   445,714 -45,714
19,451   16,365 3,086
200,000   208,203 -8,203
200,000   227,831 -27,831
18,178   19,941 -1,763
25,541   28,401 -2,860
12,995   15,183 -2,188
691   753 -62
3,743   4,492 -749
11,872   5,639 6,233
4,338   5,226 -888
23,094   30,282 -7,188
200,000   230,404 -30,404
300,000   345,568 -45,568
11,116   7,413 3,703
9,108   10,815 -1,707
1,430   1,536 -106
8,882   9,471 -589
      1,081,925
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       9,330
b       1,171
c       590
d       1,104
e       3,737
      1,698
      224
      178
      269
      1,314
      1,026
      482
      2,335
      129
      582
      5,730
      1,832
      -17
      1,111
      490
      2,517
      1,596
      2,142
      2,557
      3,555
      3,587
      1,110
      2,583
      -50
      794
      1,334
      1,812
      1,468
      2,013
      1,363
      1,974
      1,094
      1,980
      107
      1,365
      14,583
      222,216
      11,800
      4,122
      15,388
      115,049
      2,706
      203
      536
      3,795
      1,595
      4
      -89
      1,064
      667
      900
      150
      -290
      1,935
      14,087
      318,014
      1,079
      1,328
      1,480
      7,483
      46,915
      1,011
      2,663
      323
      2,591
      2,852
      -87
      2,492
      1,156
      1,898
      1,088
      2,076
      2,609
      -14
      2,200
      717
      1,125
      5,263
      2,281
      394
      155
      2,685
      35,282
      2,706
      637
      -16
      -28
      -491
      1,491
      8,768
      -2,111
      -206
      288
      -776
      556
      3,123
      155
      -16
      -2,859
      -405
      34
      1,201
      1,675
      -983
      3,734
      1,722
      1,405
      1,528
      189
      3,533
      857
      -157
      -11
      -2,084
      -817
      -154
      -349
      -4,566
      2,793
      -1,538
      198
      498
      2,215
      3,705
      3,303
      1,810
      7,246
      -6,489
      -1,703
      7,530
      -1,507
      1,217
      495
      5,739
      -739
      -9,465
      6
      -475
      9,097
      -5,456
      115
      84
      -599
      -6,923
      36
      2,387
      -135
      -1,212
      -303
      4,663
      324
      3,197
      663
      -1,121
      2,740
      -2,471
      2,726
      2,634
      -563
      -322
      -662
      2,407
      -697
      -3,925
      1,343
      1,002
      49,815
      -489
      -1,072
      2,721
      6,460
      1,364
      1,222
      6,217
      5,834
      -1,250
      2,830
      11,391
      5,112
      5,750
      511
      6,891
      -1,992
      -1,394
      1,431
      3,764
      2,698
      640
      13,087
      699
      5,525
      872
      2,260
      -519
      818
      -2,797
      12,212
      11,140
      82
      -3,963
      3
      -2,595
      -1,955
      -2,061
      -336
      730
      6,623
      888
      2,513
      -1,351
      -520
      -612
      -5,106
      -5,472
      1,408
      116
      -19
      1,785
      66
      -6,893
      7,566
      4
      -2,329
      -242
      -1,892
      -371
      151
      -2,991
      -175
      -2,368
      -374
      3,558
      -38
      -12,903
      -45,714
      3,086
      -8,203
      -27,831
      -1,763
      -2,860
      -2,188
      -62
      -749
      6,233
      -888
      -7,188
      -30,404
      -45,568
      3,703
      -1,707
      -106
      -589
       
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 2,008,942
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 1,589,099 43,696,424 0.036367
2016 1,615,728 40,194,352 0.040198
2015 842,449 41,040,631 0.020527
2014      
2013      
2
Total of line 1, column (d) .....................
2
0.097092
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
0.032364
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
45,827,537
5
Multiply line 4 by line 3......................
5
1,483,162
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
29,242
7
Add lines 5 and 6........................
7
1,512,404
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,100,602
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 29,242
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 29,242
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 29,242
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 53,028
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 53,028
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 23,786
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet14,622 RefundedBullet 11 9,164
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)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPNC BANK NA Telephone no.bullet (412) 768-9969

    Located atbullet116 ALLEHENY CENTER MALLPITTSBURGHPA ZIP+4bullet15212
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    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
    PNC BANK N A TRUSTEE
    33     		165,436    
    116 ALLEGHENY CENTER MALL
    PITTSBURGH,PA15212
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    46,525,418
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    46,525,418
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    46,525,418
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    697,881
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    45,827,537
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,291,377
    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
    2,291,377
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    29,242
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,242
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,262,135
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,262,135
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,262,135
    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
    2,100,602
    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
    2,100,602
    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
    29,242
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,071,360
    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 2,262,135
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,067,475
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,100,602
    a Applied to 2017, but not more than line 2a 2,067,475
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 33,127
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		2,229,008
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    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 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
    VESTRY OF QUEEN ANNE PARISH
    ST BARNABAS CHURCH
    14111 OAK GROVE ROAD
    UPPER MARLBORO,MD207748424     		NONE PC GENERAL SUPPORT 753,883
    EPISCOPAL DIOCESE OF WASHINGTON
    ATTN MR KELLY COOPER
    EPISCOPAL CHURCH HOUSE
    WASHINGTON,DC200165094     		NONE PC GENERAL SUPPORT 1,313,592
    Total .................................bullet 3a 2,067,475
    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 1,049,793  
    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 2,008,942  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMAGELLAN MIDSTREAM     		    14 124  
    bSTAR MOUNTAIN DIVE     14 36,067  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,094,926  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,094,926
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsOtherSchedule2
    Name:
    W SETON BELT CHARITABLE TRUST
    EIN:
    47-3462346
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS - FIXED AT COST 10,715,232 10,240,361
    MUTUAL FUNDS - EQUITY AT COST 23,518,734 24,158,507
    MUTUAL FUNDS - ALTERNATIVE AT COST 1,402,971 1,399,085
    DEMAND NOTES AT COST 1,082,654 1,082,654
    PARTNERSHIPS      
    HEDGE FUNDS AT COST 301,193 233,030

    TY 2018 OtherDecreasesSchedule
    Name:
    W SETON BELT CHARITABLE TRUST
    EIN:
    47-3462346
    Description Amount
    ROUNDING ADJUSTMENT 26
    ADJUSTMENT FOR MAGELLAN TAX COST 1,849


    TY 2018 OtherExpensesSchedule
    Name:
    W SETON BELT CHARITABLE TRUST
    EIN:
    47-3462346
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COURT COSTS 40 0   40


    TY 2018 OtherIncomeSchedule2
    Name:
    W SETON BELT CHARITABLE TRUST
    EIN:
    47-3462346
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MAGELLAN MIDSTREAM PARTNERS LP 124 0  
    STAR MOUNTAIN DIVERSIFIED SMALL BUSINESS 36,067 0  


    TY 2018 OtherIncreasesSchedule
    Name:
    W SETON BELT CHARITABLE TRUST
    EIN:
    47-3462346
    Description Amount
    TRANSFERS BETWEEN ACCOUNTS 112,070


    TY 2018 TaxesSchedule
    Name:
    W SETON BELT CHARITABLE TRUST
    EIN:
    47-3462346
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,224 2,224   0
    FEDERAL ESTIMATES - PRINCIPAL 37,600 0   0