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 07-01-2018 , and ending 06-30-2019
Name of foundation
ERNEST WENTCHER EDUCATIONAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)1000 SKOKIE BLVD NO 250
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMETTE, IL60091
A Employer identification number

36-4170236
B Telephone number (see instructions)

(847) 410-1990
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$67,566,196J 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) 1,058
2 Check bullet.............
3 Interest on savings and temporary cash investments 577 577  
4 Dividends and interest from securities... 1,377,759 1,377,759  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,228
b Gross sales price for all assets on line 6a 12,098,100
7 Capital gain net income (from Part IV, line 2)... 37,228
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 14,696 0  
12 Total. Add lines 1 through 11........ 1,431,318 1,415,564  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,000 10,000   90,000
14 Other employee salaries and wages...... 176,658 2,074   174,584
15 Pension plans, employee benefits....... 13,514 2,074   11,440
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 15,450 7,725   7,725
c Other professional fees (attach schedule).... Click to see attachment 183,257 183,257   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... 4,088 0  
20 Occupancy.............. 44,597 0   44,597
21 Travel, conferences, and meetings....... 3,254 0   3,254
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 78,494 0   78,494
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 619,312 205,130   410,094
25 Contributions, gifts, grants paid....... 2,553,364 2,292,212
26 Total expenses and disbursements. Add lines 24 and 25 3,172,676 205,130   2,702,306
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,741,358
b Net investment income (if negative, enter -0-) 1,210,434
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......... 559,871 675,978 675,978
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.......... 478 478 478
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 34,115,447 Click to see attachment34,124,711 34,124,711
c Investments—corporate bonds (attach schedule)....... 15,442,002 Click to see attachment15,128,692 15,128,692
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,763,158 Click to see attachment17,627,210 17,627,210
14 Land, buildings, and equipment: basis bullet26,051
Less: accumulated depreciation (attach schedule) bullet20,524 9,615 5,527 5,527
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment3,600 Click to see attachment3,600
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,890,571 67,566,196 67,566,196
Liabilities 17 Accounts payable and accrued expenses.......... 53,795 39,753
18 Grants payable................. 2,043,988 2,305,140
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment109,300 Click to see attachment74,900
23 Total liabilities (add lines 17 through 22)......... 2,207,083 2,419,793
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.................. 64,683,488 65,146,403
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 64,683,488 65,146,403
31 Total liabilities and net assets/fund balances (see instructions). 66,890,571 67,566,196
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
64,683,488
2
Enter amount from Part I, line 27a .....................
2
-1,741,358
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,262,493
4
Add lines 1, 2, and 3 ..........................
4
65,204,623
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
58,220
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
65,146,403
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      
b HARVEST MLP INCOME FUND III LLC P    
c CFP INTERNATIONAL QUALITY GROWTH P    
d CAPITAL GAINS DIVIDENDS P    
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 11,762,562   11,748,754 13,808
b       -335,928
c       23,810
d 335,538     335,538
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       13,808
b       -335,928
c       23,810
d       335,538
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 37,228
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 2,365,992 65,586,073 0.036075
2016 1,812,381 59,927,013 0.030243
2015 1,252,321 37,128,139 0.033730
2014 843,631 23,688,981 0.035613
2013 530,920 12,665,143 0.041920
2
Total of line 1, column (d) .....................
2
0.177581
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
0.035516
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
64,306,298
5
Multiply line 4 by line 3......................
5
2,283,902
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
12,104
7
Add lines 5 and 6........................
7
2,296,006
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,702,306
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 12,104
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 12,104
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 12,104
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 18,600
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,600
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 6,496
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet6,496 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletIL
    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 addressbulletWWW.WENTCHERFOUNDATION.ORG
    14
    The books are in care ofbulletBRIAN FITZPATRICK Telephone no.bullet (847) 410-1990

    Located atbullet1000 SKOKIE BLVD NO 250WILMETTEIL ZIP+4bullet60091
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBERT WISE DIRECTOR
    1.00     		0 0 0
    1000 SKOKIE BLVD
    WILMETTE,IL60091
    MARILYN APPELSON DIRECTOR
    1.00     		0 0 0
    1000 SKOKIE BLVD
    WILMETTE,IL60091
    LUCY TUCK TREASURER
    1.00     		0 0 0
    1000 SKOKIE BLVD
    WILMETTE,IL60091
    BRIAN FITZPATRICK EXECUTIVE DIRECTOR
    32.00     		100,000 0 0
    1000 SKOKIE BLVD
    WILMETTE,IL60091
    RICHARD HELMHOLZ VICE PRESIDENT
    1.00     		0 0 0
    1000 SKOKIE BLVD
    WILMETTE,IL60091
    DAN WILLIAMS DIRECTOR
    1.00     		0 0 0
    1000 SKOKIE BLVD
    WILMETTE,IL60091
    LAURA BORDINE DIRECTOR
    1.00     		0 0 0
    1000 SKOKIE BLVD
    WILMETTE,IL60091
    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
    CRYSTAL JOHNSON PROGRAM DIRECTOR
    40.00     		95,745 0 0
    1000 SKOKIE BLVD SUITE 250
    WILMETTE,IL60091
    THERESA PFISTER PROGRAM ASSOCIATE
    40.00     		53,800 0 0
    1000 SKOKIE BLVD SUITE 250
    WILMETTE,IL60091
    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
    DIMEO SCHNEIDER AND ASSOCIATES LLC INVESTMENT MANAGEMENT 93,507
    500 WEST MADISON STREET
    CHICAGO,IL60661
    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.........................bullet0
    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
    64,694,175
    b
    Average of monthly cash balances.......................
    1b
    591,407
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    65,285,582
    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
    65,285,582
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    979,284
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    64,306,298
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,215,315
    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
    3,215,315
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    12,104
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,104
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,203,211
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,203,211
    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
    3,203,211
    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
    2,702,306
    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
     
    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
    2,702,306
    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
    12,104
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,690,202
    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 3,203,211
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,615,987
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,702,306
    a Applied to 2017, but not more than line 2a 2,615,987
    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..... 86,319
    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 ..........     		3,116,892
    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....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    OCC STUDENT AID DEPARTMENT
    1000 SKOKIE BLVD 250
    WILMETTE,IL60091
    (847) 410-1990
    BRIAN@WENTCHERFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    FAFSA ELGIBLE, APPLICATION, HIGH SCHOOL TRANSCRIPT, TEACHER RECOMMENDATION AND AN ESSAY ARE REQUIRED.
    cAny submission deadlines:
    SPRING
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    OAKTON COMMUNITY COLLEGE STUDENTS, FAFSA-ELGIBLE STUDENTS
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    OCC STUDENT AID DEPARTMENT
    1000 SKOKIE BLVD 250
    WILMETTE,IL60091
    (847) 410-1990
    BRIAN@WENTCHERFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    FAFSA ELGIBLE, AN APPLICATION, OCC TRANSCRIPT, TEACHER RECOMMENDATIONS AND AN ESSAY ARE REQUIRED
    cAny submission deadlines:
    SPRING
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SUCCESSFUL OAKTON COMMUNITY COLLEGE WENTCHER SCHOLAR GRADUATES, FAFSA-ELGIBLE STUDENTS
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CPS DEPT OF COLLEGE PREPARATION
    1000 SKOKIE BLVD 250
    WILMETTE,IL60091
    (847) 410-1990
    BRIAN@WENTCHERFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    FAFSA ELGIBLE, AN APPLICATION, HIGH SCHOOL TRANSCRIPT, TEACHER AND COUNSELOR RECOMMENDATIONS, AN ESSAY AND A STUDENT AID REPORT ARE REQUIRED.
    cAny submission deadlines:
    END OF FEBRUARY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHICAGO PUBLIC SCHOOLS SENIORS, FAFSA-ELGIBLE STUDENTS
    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
    AGNES SCOTT COLLEGE
    141 E COLLEG AVE
    DECATUR,GA30330     		NONE PC EDUCATION 9,911
    ALBION COLLEGE
    611E PORTER ST
    ALBION,MI49224     		NONE PC EDUCATION 10,000
    ARIZONA STATE UNIVERSITY
    PO BOX 870412
    TEMPLE,AZ85287     		NONE PC EDUCATION 10,000
    AUGUSTANA COLLEGE
    639 38TH STREET
    ROCK ISLAND,IL61201     		NONE PC EDUCATION 10,000
    BALL STATE
    LUCINA HALL ROOM 245
    MUNCIE,IN47306     		NONE PC EDUCATION 10,000
    BATES COLLEGE
    44 MOUNTAIN AVE
    LEWISTON,ME04240     		NONE PC EDUCATION 5,518
    BOSTON COLLEGE
    140 COMMONWEALTH AVE
    CHESNET HILL,MA02467     		NONE PC EDUCATION 7,100
    BRADLEY UNIVERSITY
    1501 W BRADLEY AVE
    PEORIA,IL61625     		NONE PC EDUCATION 10,000
    BROWN UNIVERSITY
    140 ANGELL STREET
    PROVIDENCE,RI02912     		NONE PC EDUCATION 23,435
    CAMP BLUE SKIES FOUNDATION
    1101 QUEENS ROAD WEST
    CHARLOTTE,NC28207     		NONE PC EDUCATION 1,000
    CARROLL UNIVERSITY
    100 NORTH EAST AVE
    WAUKESHA,WI53186     		NONE PC EDUCATION 10,000
    COLEGATE UNIVERSITY
    13 OAK DRIVE
    HAMILTON,NY13346     		NONE PC EDUCATION 5,150
    COLORADO COLLEGE
    14 EAST CACHE LA POUDRE STREET
    COLORADO SPRINGS,CO80903     		NONE PC EDUCATION 20,000
    CONNECTICUT COLLEGE
    270 MOHEGAN AVENUE
    NEW LONDON,CT06320     		NONE PC EDUCATION 1,000
    CORNELL COLLEGE
    600 FIRST STREET SW
    MT VERNON,IA52314     		NONE PC EDUCATION 29,944
    DARTMOUTH COLLEGE
    100 TUCK HALL
    HANOVER,NH03755     		NONE PC EDUCATION 27,808
    DENISON COLLEGE
    PO BOX 810
    GRANVILLE,OH43023     		NONE PC EDUCATION 60,000
    DEPAUL UNIVERSITY
    1 E JACKSON BLVD STE 9100
    CHICAGO,IL60604     		NONE PC EDUCATION 108,128
    DEPAUW UNIVERSITY
    204 E SEMINARY ST
    GREENCASTLE,IN46135     		NONE PC EDUCATION 10,000
    DOMINICAN UNIVERSITY
    7900 W DIVISION ST
    RIVER FOREST,IL60305     		NONE PC EDUCATION 10,000
    DUKE UNIVERSITY
    BOX 90759
    DURHAM,NC27708     		NONE PC EDUCATION 10,000
    EASTERN ILLINOIS UNIVERSITY
    600 LINCOLN AVE
    CHARLESTON,IL61920     		NONE PC EDUCATION 10,000
    EMERSON COLLEGE
    120 BOYLSTON STREET
    ATLANTA,GA30322     		NONE PC EDUCATION 10,000
    EMORY UNIVERSITY
    200 DOWMAN DRIVE SUITE 300
    ATLANTA,GA30322     		NONE PC EDUCATION 50,000
    FERRIS STATE UNIVERSITY
    1201 S STATE STREET
    BIG RAPIDS,MI49307     		NONE PC EDUCATION 10,000
    FRANKLIN & MARSHALL COLLEGE
    PO BOX 3003
    LANCASTER,PA17603     		NONE PC EDUCATION 10,000
    GEORGETOWN UNIVERSITY
    3700 O STREET
    WASHINGTON DC,MD20057     		NONE PC EDUCATION 14,015
    HARVARD UNIVERSITY
    SMITH CAMPUS CENTER 953 1350
    MASSACHUSETTS AVE
    CAMBRIDGE,MA02138     		NONE PC EDUCATION 18,064
    HOWARD UNIVERSITY
    2400 SIXTH ST NW
    WASHINGTON,DC20059     		NONE PC EDUCATION 27,155
    ILLINOIS INSTITUTE OF TECHNOLOGY
    10 W 33RD ST PERLSTEIN HALL RM 206
    CHICAGO,IL60616     		NONE PC EDUCATION 59,686
    ILLINOIS STATE UNIVERSITY
    CAMPUS BOX 2320
    NORMAL,IL61790     		NONE PC EDUCATION 8,024
    KALAMAZOO COLLEGE
    1200 ACADEMY STREET
    KALAMAZOO,MI49006     		NONE PC EDUCATION 10,000
    KIMBALL ART MUESEAUM
    3333 CAMP BOWIE BLVD
    FORT WORTH,TX76107     		NONE PC EDUCATION 1,000
    KNOX COLLEGE
    K-234 2 EAST SOUTH STREET
    GALESBURG,IL61401     		NONE PC EDUCATION 20,000
    LAKE FOREST COLLEGE
    555 NORTH SHERIDAN ROAD
    LAKE FOREST,IL60045     		NONE PC EDUCATION 40,000
    LOYOLA UNIVERSITY
    1032 W SHERIDAN ROAD
    CHICAGO,IL60660     		NONE PC EDUCATION 70,000
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC EDUCATION 10,000
    MARQUETTE UNIVERSITY
    1250 W WISCONSIN
    MILWAUKEE,WI53233     		NONE PC EDUCATION 20,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		NONE PC EDUCATION 10,400
    MICHIGAN STATE UNIVERSITY
    556 EAST CIRCLE DRIVE ROOM 252
    EAST LANSING,MI48824     		NONE PC EDUCATION 10,000
    MILWAUKEE SCHOOL OF ENGINEERING
    1025 N BROADWAY
    MILWAUKEE,WI53202     		NONE PC EDUCATION 10,000
    MOREHOUSE COLLEGE
    830 WESTVIEW DRIVE GLOSTER HALL RM
    700A
    ATLANTA,GA30314     		NONE PC EDUCATION 20,000
    NEW YORK UNIVERSITY
    25 W FOURTH STREET
    NEW YORK,NY10012     		NONE PC EDUCATION 30,000
    NORTH CAROLINA A&T STATE UNIVERSITY
    1601 E MARKET
    GREENSBORO,NC27411     		NONE PC EDUCATION 10,000
    NORTH PARK UNIVERSITY
    1801 HINMAN AVENUE
    EVANSTON,IL602081270     		NONE PC EDUCATION 10,000
    NORTHEASTERN ILLINOIS UNIVERSITY
    231 N ANNIE GLIDDEN ROAD
    DEKALB,IL60015     		NONE PC EDUCATION 57,031
    OAKTON COMMUNITY COLLEGE
    1600 GOLF ROAD
    DES PLAINES,IL60016     		NONE PC EDUCATION 55,930
    OCCIDENTAL COLLEGE
    1600 CAMPUS ROAD F-35
    LOS ANGELES,CA90041     		NONE PC EDUCATION 12,672
    PARKLAND COLLEGE
    2400 W BRADLEY AVE
    CHAMPAIGN,IL61821     		NONE PC EDUCATION 875
    POMONA COLLEGE
    333 N COLLEGE WAY
    CLAREMONT,CA91711     		NONE PC EDUCATION 19,409
    PRINCTON UNIVERSITY
    PO BOX 591
    PRINCETON,NJ08542     		NONE PC EDUCATION 8,500
    PURDUE UNIVERSITY
    610 PURDUE MALL
    W LAFAYETTE,IN47907     		NONE PC EDUCATION 10,000
    RHODE ILSAND SCHOOL OF DESIGN
    2 COLLEGE STREET
    PROVIDENCE,RI02903     		NONE PC EDUCATION 10,000
    RICHARD J DALEY COLLEGE
    7500 S PULASKI RD
    CHICAGO,IL60652     		NONE PC EDUCATION 1,135
    ROOSEVELT UNIVERSITY
    1400 N ROOSEVELT BLVD
    SCHAUMBURG,IL60173     		NONE PC EDUCATION 10,000
    ROSE-HULMAN INSTITUE OF TECHNOLOGY
    5500 WABASH AVE
    TERRE HAUTE,IN47803     		NONE PC EDUCATION 10,000
    SKIDMORE COLLEGE
    STARBUCK CENTER
    SARATOGA SPRINGS,NY12866     		NONE PC EDUCATION 10,000
    SMITH COLLEGE
    10 ELM STREET
    NORTHHAMPTON,MA01063     		NONE PC EDUCATION 5,950
    SOUTHERN ILLINOIS UNIVERSITY
    1263 LINCOLN DRIVE STUDENT SERVICES
    BLDG 2ND FL
    CARBONDALE,IL62901     		NONE PC EDUCATION 20,000
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750181
    DALLAS,TX75275     		NONE PC EDUCATION 10,000
    SPELMAN COLLEGE
    350 SPELMAN LN
    ATLANTA,GA30314     		NONE PC EDUCATION 30,000
    ST EDWARDS UNIVERSITY
    3001 S CONGRESS AVE
    AUSTIN,TX78704     		NONE PC EDUCATION 10,000
    ST OLAF COLLEGE
    1520 ST OLAF AVE
    NORTHFIELD,MN55057     		NONE PC EDUCATION 20,000
    STANFORD UNIVERSITY
    355 GALVEZ STREET
    STANFORD,CA94305     		NONE PC EDUCATION 32,887
    SWARTHMORE COLLEGE
    500 COLLEGE AVE
    SWARTHMORE,PA19081     		NONE PC EDUCATION 3,837
    TUFTS UNIVERSITY
    419 BOSTON AVE
    MEDFORD,MA09800     		NONE PC EDUCATION 10,000
    UNIVERSITY OF CHICAGO
    1115 E 58TH STREET
    CHICAGO,IL60637     		NONE PC EDUCATION 21,000
    UNIVERSITY OF CINCINATI
    PO BOX 210140
    CINCINNATI,OH45221     		NONE PC EDUCATION 10,000
    UNIVERSITY OF COLORADO - BOULDER
    77 UCB
    BOULDER,CO80309     		NONE PC EDUCATION 10,000
    UNIVERSITY OF DENVER
    2197 S UNIVERSITY BLVD
    DENVER,CO80208     		NONE PC EDUCATION 10,000
    UNIVERSITY OF ILLINOIS
    1800 STUDENT SERVICES BUILDING 1200
    W HARRISON STREET
    CHICAGO,IL60607     		NONE PC EDUCATION 242,783
    UNIVERSITY OF ILLINOIS
    620 EAST JOHN STREET - MC 303
    CHAMPAIGN,IL61820     		NONE PC EDUCATION 422,385
    UNIVERSITY OF IOWA
    208 CALVIN HALL
    IOWA CITY,IA52242     		NONE PC EDUCATION 3,154
    UNIVERSITY OF MICHIGAN
    515 E JEFFERSON
    ANN ARBOR,MI48109     		NONE PC EDUCATION 60,000
    UNIVERSITY OF MINNESOTA - TWIN CITIES
    106 PLEASANT STREET SE
    MINNEAPOLIS,MN55455     		NONE PC EDUCATION 10,000
    UNIVERSITY OF MISSOURI
    11 JESSE HALL
    COLUMBIA,MO65211     		NONE PC EDUCATION 10,000
    UNIVERSITY OF NOTRE DAME
    115 MAIN BUILDING
    SOUTH BEND,IN46556     		NONE PC EDUCATION 2,900
    UNIVERSITY OF PENNSYLVANIA
    100 FRANKLIN BLDG 3451 WALNUT
    STREET
    PHILADELPHIA,PA19104     		NONE PC EDUCATION 11,840
    UNIVERSITY OF PITTSBURGH
    139 UNIVERSITY PLACE
    PITTSBURGH,PA15260     		NONE PC EDUCATION 6,230
    UNIVERSITY OF ROCHESTER
    330 MELIORA HALL
    ROCHESTER,NY14627     		NONE PC EDUCATION 10,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    700 CHILDS WAY
    LOS ANGELES,CA90089     		NONE PC EDUCATION 40,000
    UNIVERSITY OF WASHINGTON
    105 SCHMITZ HALL
    SEATLE,WA98195     		NONE PC EDUCATION 10,000
    UNIVERSITY OF WISCONSIN
    333 EAST CAMPUS MALL 10501
    MADISON,WI53715     		NONE PC EDUCATION 126,624
    VANDERBILT UNIVERSITY
    2201 WEST END AVE
    NASHVILLE,TN37235     		NONE PC EDUCATION 28,915
    VASSAR COLLEGE
    124 RAYMOND AVE
    POUGHKEEPSIE,NY12604     		NONE PC EDUCATION 3,975
    VILLANOVA UNIVERSITY
    800 LANCASTER AVE
    VILANOVA,PA19085     		NONE PC EDUCATION 9,612
    WASHINGTON UNIVERSITY
    ONE BROOKINGS DRIVE
    ST LOUIS,MO63130     		NONE PC EDUCATION 20,000
    XAVIER UNIVERSITY OF LA
    BOX 121 1 DREXEL DRIVE
    NEW ORLEANS,LA70125     		NONE PC EDUCATION 10,000
    YALE UNIVERSITY
    PO BOX 208288
    NEW HAVEN,CT06520     		NONE PC EDUCATION 8,900
    Total .................................bullet 3a 2,313,882
    bApproved for future payment
    COLLEGE SCHOLARSHIPS
    1000 SKOKIE BLVD STE 250
    WILMETTE,IL60091     		NONE PC EDUCATION 2,305,140
    Total .................................bullet 3b 2,305,140
    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 ...........     		    14 577  
    4 Dividends and interest from securities....     14 1,377,759  
    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 37,228  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		    01 14,696  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,430,260 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,430,260
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 15,450 7,725   7,725

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PIMCO FOREIGN BOND FD UNHEDGED 481,479 481,479
    VANGUARD INFLATION PROTECTED SECS ADM SHR 656,739 656,739
    DFA WORLD EX US GOVT FIX INC PORT 505,388 505,388
    DODGE & COX INCOME FUND 5,753,729 5,753,729
    EATON VANCE EMERGING MKTS 674,510 674,510
    ARTISAN HIGH INCM FD ADV 1,298,509 1,298,509
    JP MORGAN CORE BOND 5,758,338 5,758,338

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABERDEEN EMERGING 2,846,952 2,846,952
    DFA EMERGING MKTS VALUE 2,672,284 2,672,284
    DODGE & COX INTL STOCK 5,869,813 5,869,813
    VANGUARD TOTAL STOCK MKT 19,130,170 19,130,170
    FIDELITY REAL ESTATE 3,605,492 3,605,492

    TY 2018 InvestmentsOtherSchedule2
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HARVEST MLP INCOME FUND III LLC FMV 4,018,284 4,018,284
    WELLINGTON CTF INT'L QUALITY GROWTH FUND FMV 6,616,776 6,616,776
    WEATHERLOW OFFSHORE FUND I LTD FMV 3,466,663 3,466,663
    IRONWOOD INT'L LTD FMV 3,525,487 3,525,487

    TY 2018 OtherAssetsSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    RECOVERABLE FEDERAL EXCISE TAX   3,600 3,600


    TY 2018 OtherDecreasesSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Description Amount
    RETURN OF BASIS 58,220


    TY 2018 OtherExpensesSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 2,376 0   2,376
    INSURANCE 3,316 0   3,316
    OFFICE 69,733 0   69,733
    POSTAGE 926 0   926
    ADVERTISING & PROMOTION 2,143 0   2,143


    TY 2018 OtherIncomeSchedule2
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 14,696   14,696


    TY 2018 OtherIncreasesSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Description Amount
    UNREALIZED GAIN 2,262,493


    TY 2018 OtherLiabilitiesSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX PAYABLE 104,600 74,900
    FEDERAL TAX PAYABLE 4,700 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    ERNEST WENTCHER EDUCATIONAL FUND
    EIN:
    36-4170236
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 183,257 183,257   0