TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
LOUIS & HELEN FANAROFF CHAR FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)16021 INDUSTRIAL DRIVE BAY 8
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
GAITHERSBURG, MD20877

A Employer identification number

52-1276724

B Telephone number (see instructions)

(301) 230-3020

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,749,589J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	115,704		115,704
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		16,468
b	Gross sales price for all assets on line 6a 424,467
7	Capital gain net income (from Part IV, line 2)...			16,468
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	132,172		132,172
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		195	0	195
b	Accounting fees (attach schedule).......		5,200	0	5,200
c	Other professional fees (attach schedule)....		32,966	32,966	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		6,003	3,283	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		293	293	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	44,657		36,542	5,395
25	Contributions, gifts, grants paid.......	133,150			132,790
26	Total expenses and disbursements. Add lines 24 and 25	177,807		36,542	138,185
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-45,635
b	Net investment income (if negative, enter -0-)			95,630
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	54,925	62,888	62,888
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	0	2,319,511	2,585,975
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,491,570	100,000	100,726
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,546,495	2,482,399	2,749,589
	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 )	0	94,500
	23	Total liabilities (add lines 17 through 22).........	0	94,500
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	2,546,495	2,387,899
	30	Total net assets or fund balances (see instructions).....	2,546,495	2,387,899
	31	Total liabilities and net assets/fund balances (see instructions).	2,546,495	2,482,399

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,546,495

Enter amount from Part I, line 27a .....................

-45,635

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

2,500,860

Decreases not included in line 2 (itemize) bullet

112,961

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

2,387,899

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
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	424,467	407,999	16,468
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			16,468
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	16,468
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 ...................		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? Yes No

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	134,091	2,665,593	0.050304
2016	123,146	2,581,844	0.047697
2015	134,964	2,513,045	0.053705
2014	127,872	2,719,141	0.047027
2013	74,673	2,665,654	0.028013

Total of line 1, column (d) .....................

0.226746

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 ......

0.045349

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

2,597,234

Multiply line 4 by line 3......................

117,782

Enter 1% of net investment income (1% of Part I, line 27b)...........

956

Add lines 5 and 6........................

118,738

Enter qualifying distributions from Part XII, line 4,.............

138,185

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)

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 and enter “N/A" on line 1.
	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	956
	hereand 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	956
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	956
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	1,360
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	1,360
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	404
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax404	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

STEVEN FANAROFF Telephone no. bullet

(301) 230-3020

Located at bullet

16021 INDUSTRIAL DRIVE BAY 8GAITHERSBURGMD ZIP+4 bullet

20877

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
STEVEN FANAROFF	DIRECTOR 2.00	0	0	0
16021 INDUSTRIAL DRIVE GAITHERSBURG,MD20877	DIRECTOR 2.00	0	0	0
SONIA POLSKY	OFFICER 2.00	0	0	0
16021 INDUSTRIAL DRIVE GAITHERSBURG,MD20877	OFFICER 2.00	0	0	0

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...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,586,694

Average of monthly cash balances.......................

50,092

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,636,786

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,636,786

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

39,552

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,597,234

Minimum investment return. Enter 5% of line 5..................

129,862

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.)

Minimum investment return from Part X, line 6....................

129,862

Tax on investment income for 2018 from Part VI, line 5......

956

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

956

Distributable amount before adjustments. Subtract line 2c from line 1............

128,906

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

128,906

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

128,906

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

138,185

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

138,185

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.................

956

Adjusted qualifying distributions. Subtract line 5 from line 4..............

137,229

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)

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				128,906
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......			124,750
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: $ 138,185
a Applied to 2017, but not more than line 2a			124,750
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.....				13,435
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 ..........				115,471
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

STEVEN FANAROFF
16021 INDUSTRIAL DRIVE BAY 8
GAITHERSBURG,MD20877
(301) 230-3020

bThe form in which applications should be submitted and information and materials they should include:

LETTER STATING NAME OF ORGANIZATION AND SUBMITTING PROOF OF ITS TAX-EXEMPT STATUS AND STATING PURPOSE FOR WHICH GRANT WILL BE USED.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACTIVE MINDS 2001 S STREET NW SUITE 450 WASHINGTON,DC20009	N/A	PC	SUPPORT MENTAL HEALTH EDUCATION	2,500
AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVE DALLAS,TX75231	N/A	PC	FIGHT HEART DISEASE	500
AMERICA JEWISH COMMITTEE 1156 15TH STREET NW WASHINGTON,MD20005	N/A	PC	TO SUPPORT THE JEWISH COMMUNITY	2,000
ANTI-DEFAMATION LEAGUE 1100 CONNECTICUT AVE NW 1020 WASHINGTON,DC20036	N/A	PC	TO COMBAT DEFAMATION AND HATE-CRIMES RELATED TO THE JEWISH COMMUNITY	10,000
BETH SHALOM CONGREGATION 8067 HARRIET TUBMAN LANE COLUMBIA,MD21044	N/A	PC	PROMOTE RELIGION	2,500
BNAI ISRAEL 6301 MONTROSE RD ROCKVILLE,MD20852	N/A	PC	PROMOTE RELIGION	1,000
CAMP AIRY AND CAMP LOUISE FOUNDATION INC 14938 OLD CAMP AIRY RD THURMONT,MD21788	N/A	PC	SUPPORT YOUTH EDUCATION	1,000
CHABAD AT UNIVERSITY OF MARYLAND 7403 HOPKINS AVENUE COLLEGE PARK,MD20740	N/A	PC	EDUCATE THE JEWISH COMMUNITY	1,500
CHARLES E SMITH JEWISH DAY SCHOOL 10901 E JEFFERSON ST ROCKVILLE,MD20852	N/A	PC	TO SUPPORT THE JEWISH COMMUNITY AND YOUTH EDUCATION	10,000
EAGLEBANK FOUNDATION 1201 ROCKVILLE PIKE ROCKVILLE,MD20852	N/A	PC	SUPPORT BREAST CANCER AWARENESS	4,000
FRIENDS OF LUBAVITCH 11621 SEVEN LOCKS ROAD POTOMAC,MD20854	N/A	PC	PROMOTION OF RELIGION	10,000
GREATER WASHINGTON COMMUNITY KOLLEL 10900 LOCKWOOD DRIVE SILVER SPRING,MD20901	N/A	PC	CULTURAL AND COMMUNITY SUPPORT	5,400
JEWISH FEDERATION OF GREATER WASHINGTON 6101 MONTROSE ROAD ROCKVILLE,MD20852	N/A	PC	SUPPORT COMMUNITY IN NEED	1,000
JEWISH FOUNDATION FOR GROUP HOMES 1500 EAST JEFFERSON STREET ROCKVILLE,MD20852	N/A	PC	ASSIST THE DISABLED	750
MARYLAND HILLEL 7612 MOWATT LANE COLLEGE PARK,MD20740	N/A	PC	ENHANCE THE LIVES OF JEWISH UNDERGRADUATES	5,000
MATAN 520 8TH FLOOR NEW YORK,NY10018	N/A	PC	TO ASSIST JEWISH STUDENTS WITH SPECIAL NEEDS	5,000
MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL 3800 RESERVOIR ROAD NW WASHINGTON,DC20007	N/A	PC	SUPPORT MEDICAL EDUCATION AND RESEARCH	10,000
SHADY GROVE MEDICAL CENTER FOUNDATION 14955 SHADY GROVE ROAD ROCKVILLE,MD20850	N/A	PC	TO HELP PROVIDE MODERN MEDICAL FACILITIES AND TREATMENTS	10,000
WASHINGTON HOSPITAL CENTER FOUNDATION 110 IRVING ST NW WASHINGTON,DC20010	N/A	PC	TO SUPPORT HOSPITAL CARE	10,000
LEUKEMIA & LYMPHOMA SOCIETY 100 PAINTERS MILL ROAD OWINGS MILLS,MD21117	N/A	PC	TO RESEARCH CURES FOR BLOOD CANCERS	2,000
MILES FOR MIGRAINE 4114 HAIN DRIVE LAFAYETTE,PA19444	N/A	PC	TO RAISE AWARENESS AND FUND RESEARCH FOR MIGRAINE AND OTHER HEADACHE DISEASES	1,000
SUBURBAN HOSPITAL FOUNDATION 8600 OLD GEORGETOWN ROAD BETHESDA,MD20814	N/A	PC	TO FUND NURSING EDUCATION AND CLINICAL PROGRAMS	25,850
AMERICAN DIABETES ASSOCIATION 2002 CLIPPER PARK RD BALTIMORE,MD21211	N/A	PC	TO SUPPORT DIABETES RESEARCH	500
BRIGHT BEGINNINGS INC 3418 4TH ST SE WASHINGTON,DC20032	N/A	PC	GENERAL SUPPORT	500
CAPITAL CAMPS 11300 ROCKVILLE PIKE ROCKVILLE,MD20852	N/A	PC	GENERAL SUPPORT	2,500
DRIVEN TO CURE 8601 GEORGIA AVENUE STE 200 SILVER SPRING,MD20910	N/A	PC	GENERAL SUPPORT	1,000
HOPE CONNECTION FOR CANCER SUPPORT 9650 ROCKVILLE PIKE BETHESDA,MD20814	N/A	PC	GENERAL SUPPORT	6,650
WASHINGTON NATIONALS DREAM FOUNDATION 1500 S CAPITAL ST SE WASHINGTON,DC20003	N/A	PC	GENERAL SUPPORT	1,000
Total ................................. 3a				133,150

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	115,704
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	16,468
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		132,172	0

13Total. Add line 12, columns (b), (d), and (e)..................

132,172

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX RETURN PREPARATION	5,200	0		5,200

- TIN:

TY 2018 AppliedToPriorYearElection

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Election:

ELECTION TO APPLY CURRENT YEAR EXCESS QUALIFYING DISTRIBUTION TO 2015 UNDISTRIBUTED INCOME.

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES	10,584	21,530
ABBVIE INC COM	36,661	36,505
AIR PROD & CHEM INC	21,909	34,635
ALERIAN MLP ETF	24,401	18,942
ALLIANZ NFJ DIVID INT	23,734	21,613
ALTRIA GROUP INC	26,370	30,162
AMBEV S A SPONSORED ADR	9,089	7,505
AMCOR PLC	13,430	13,409
AMGEN INC	12,332	13,268
ASTRAZENECA PLC ADS	10,259	13,499
AT&T INC	42,961	40,447
AUTOMATIC DATA PROCESSING INC	9,425	14,880
BB & T CORP	27,264	35,226
BCE INC	47,289	47,436
BK MONTREAL	9,881	10,638
BLACKROCK DEBT STRAT FD INC	30,142	27,248
BLACKROCK INC	13,309	19,711
BNP PARIBAS SP ADR REPSTG	8,806	6,204
BP PLC ADS	57,443	55,544
BRITISH AMER TOB SPON ADR	46,984	32,638
BROADCOM INC	8,636	9,499
CDN IMPL BK COMMERCE	36,344	32,524
CHEVRON CORP	56,685	61,847
CISCO SYS INC	23,552	48,983
CLEARBRIDGE MLP AND MIDSTRM FD	28,364	22,084
COCA COLA CO	38,372	44,402
COHEN & STEERS QUAL INC RLTY	35,211	40,698
COMCAST CORP (NEW) CLASS A	11,806	13,107
CROWN CASTLE INTL CORP	31,627	48,099
DOMINION ENERGY INC	35,601	38,119
DUKE ENERGY CORPORATION	27,422	33,443
EATON VANCE LTD DURATION FD	28,801	25,692
EATON VANCE TAX MG CEF	29,695	35,155
EATON VANCE TAX MGD DIV EQU FD	19,042	20,667
ENBRIDGE INC	34,630	33,735
EVERSOURCE ENERGY COM	2,749	2,955
EXXON MOBIL CORP	45,784	44,675
FORTIS INC	17,008	20,761
GENERAL MILLS INC	8,922	8,876
GLAXOSMITHKLINE PLC ADR	59,716	52,426
GLOBAL X SUPERDIVIDEND ETF	25,741	19,551
HOME DEPOT INC	19,909	35,979
HONEYWELL INTERNATIONAL INC	25,514	36,140
HP INC COM	7,405	6,840
HUNTINGTON BANCSHARES	17,734	17,925
ILL TOOL WORKS INC	11,702	14,478
INVESCO LTD	13,740	11,580
JOHNSON & JOHNSON	21,134	29,388
JPMORGAN CHASE & CO	24,497	43,155
KIMBERLY CLARK CORP	22,859	27,589
LILLY ELI & CO	8,630	8,752
LOCKHEED MARTIN CORP	16,070	32,355
LYONDELLBASELL NV CL-A	14,372	12,489
MARSH & MCLENNAN COS INC	15,956	20,050
MAXIM INTEGRATED PRODUCTS INC	5,644	9,810
MC DONALDS CORP	26,699	34,264
MEDTRONIC PLC SHS	16,856	20,355
MICROSOFT CORP	12,635	40,456
MONDELEZ INTL INC COM	14,478	16,332
MUENCHENER RUECK-UNSPONS ADR	16,016	20,082
NATIONAL GRID PLC SPON ADR	63,492	46,054
NEXTERA ENERGY INC	22,337	44,659
NTT DOCOMO INC SP ADR	9,563	9,663
OCCIDENTAL PETROLEUM CORP DE	22,413	17,145
ONEOK INC	4,331	4,679
PAYCHEX INC	16,427	30,283
PEPSICO INC NC	45,266	57,697
PFIZER INC	26,696	31,060
PHILIP MORRIS INTL INC	60,536	56,699
PHILLIPS 66 COM	10,175	8,793
PNC FINL SVCS GP	8,968	9,060
PPL CORPORATION	26,932	25,893
PROCTER & GAMBLE	10,122	14,912
PROLOGIS INC COM	5,617	5,527
REALTY INCOME CORP	20,569	24,346
REGIONS FINANCIAL CORP NEW	9,660	9,801
ROCHE HOLDINGS ADR	14,076	15,128
SANOFI ADR	21,523	22,414
SEMPRA ENERGY	18,388	22,128
SHAW COMMUNIC INC CL B NV	9,273	8,825
SIEMENS AKTIENGESELLSCHAFT	15,645	14,676
SIMON PPTY GROUP INC	19,095	18,053
SINGAPORE TELECOM LTD ADR NEW	13,668	11,815
SOUTHERN CO	25,730	31,786
SSE PLC SPON ADR	19,328	14,028
STARBUCKS CORP WASHINGTON	16,020	25,987
SUMITOMO MITSUI FINL GROUP INC	16,563	14,720
SYSCO CORP	6,655	6,436
TC ENERGY CORP	15,990	18,124
TEKLA HEALTHCARE INVS	28,220	22,570
TELEFONICA BRASIL SA SPON ADR	7,698	6,302
TELENOR ASA ADS	13,405	13,020
TELUS CORP NEW	12,453	13,878
TEXAS INSTRUMENTS	23,498	39,363
TOTAL S A SPON ADR	34,786	36,877
U S BANCORP COM NEW	16,758	16,716
UNILEVER PLC (NEW) ADS	14,745	17,042
UNITED PARCEL SER INC CL-B	27,648	25,611
VALERO ENERGY CP DELA NEW	8,901	11,985
VENTAS INC	21,341	25,221
VERIZON COMMUNICATIONS	29,091	35,192
VODAFONE GROUP PLC	41,601	24,462
WEC ENERGY GROUP INC COM	12,113	21,259
WELLS FARGO & CO NEW	6,260	6,057
WELLTOWER INC	16,523	21,687
WILLIAMS CO INC	13,162	12,225
ZURICH INSURANCE GRP LTD ADR	16,419	19,760

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISRAEL, STATE OF (GOVERNMENT) 10 YR BOND	AT COST	100,000	100,726

- TIN:

TY 2018 LegalFeesSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GENERAL GOVERNANCE & COUNSEL	195	0		195

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Description	Amount
ADJUST BOOK VALUE OF SECURITIES TO TAX BASIS	112,961

- TIN:

TY 2018 OtherExpensesSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK SERVICE CHARGES	293	293		0

- TIN:

TY 2018 OtherLiabilitiesSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Description	Beginning of Year - Book Value	End of Year - Book Value
OUTSTANDING CHECKS IN EXCESS OF CASH	0	94,500

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	32,966	32,966		0

- TIN:

TY 2018 TaxesSchedule

Name:

LOUIS & HELEN FANAROFF CHAR FOUNDATION

EIN:

52-1276724

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	3,283	3,283		0
EXCISE TAX	2,720	0		0