Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
The Richard Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1822 Fair Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Camden, SC29020
A Employer identification number

13-6083721
B Telephone number (see instructions)

(207) 432-5939
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$4,934,709J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 70,533 70,533 70,533
4 Dividends and interest from securities... 71,674 71,674 71,674
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 42,004
b Gross sales price for all assets on line 6a 1,590,140
7 Capital gain net income (from Part IV, line 2)... 42,004
8 Net short-term capital gain......... 8,576
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........ 184,211 184,211 150,783
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,700     5,700
c Other professional fees (attach schedule).... Click to see attachment 53,018 53,018    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,222 1,547    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 1,062     1,062
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 64,002 54,565   6,762
25 Contributions, gifts, grants paid....... 194,625 194,625
26 Total expenses and disbursements. Add lines 24 and 25 258,627 54,565   201,387
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -74,416
b Net investment income (if negative, enter -0-) 129,646
c Adjusted net income (if negative, enter -0-)... 150,783
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............. 35,398 108,630 108,630
2 Savings and temporary cash investments......... 180,758 66,366 66,366
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,771,707 4,738,451 4,759,713
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,987,863 4,913,447 4,934,709
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 3,948,888 3,948,888
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,038,975 964,559
30 Total net assets or fund balances (see instructions)..... 4,987,863 4,913,447
31 Total liabilities and net assets/fund balances (see instructions). 4,987,863 4,913,447
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
4,987,863
2
Enter amount from Part I, line 27a .....................
2
-74,416
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,913,447
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,913,447
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 JMS #83438317-See Schedule P 2018-01-01 2018-12-31
b JMS #83438317-See Schedule P 2017-01-01 2018-12-31
c JMS #53986952-See Schedule P 2018-01-01 2018-12-31
d JMS #53986952-See Schedule P 2017-01-01 2018-12-31
e JMS #12406253-See Schedule P 2018-01-01 2018-12-31
JMS #12406253-See Schedule P 2017-01-01 2018-12-31
JMS #69621760-See Schedule P 2018-01-01 2018-12-31
JMS #69621760-See Schedule P 2017-01-01 2018-12-31
JMS #83438317 Capital Gain Distributions P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 29,761   42,933 -13,172
b 78,343   75,259 3,084
c 96,901   85,305 11,596
d 184,243   154,218 30,025
e 62,251   35,188 27,063
20,466   14,400 6,066
812,276   829,972 -17,696
305,114   310,861 -5,747
785     785
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       -13,172
b       3,084
c       11,596
d       30,025
e       27,063
      6,066
      -17,696
      -5,747
      785
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 42,004
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 8,576
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 259,214 5,124,104 0.05059
2016 245,836 4,864,023 0.05054
2015 307,836 5,115,469 0.06018
2014 233,819 5,604,165 0.04172
2013 276,899 5,344,557 0.05181
2
Total of line 1, column (d) .....................
2
0.254838
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
0.050968
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
5,186,807
5
Multiply line 4 by line 3......................
5
264,361
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,296
7
Add lines 5 and 6........................
7
265,657
8
Enter qualifying distributions from Part XII, line 4,.............
8
201,387
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 2,593
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,593
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,593
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,004
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,004
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 107
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 5,304
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,304 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletVirginia Richard Telephone no.bullet (207) 432-5939

    Located atbullet1822 Fair StreetCamdenSC ZIP+4bullet29020
    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
     
    No
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    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
    Zachary Richard President
    0.00     		0    
    1822 Fair Street
    Camden,SC29020
    Virginia Richard Treasurer
    2.00     		0    
    1822 Fair Street
    Camden,SC29020
    Phyllis Fritts Vice President
    0.00     		0    
    1822 Fair Street
    Camden,SC29090
    James A Fritts Vice President
    0.00     		0    
    1822 Fair Street
    Camden,SC29090
    Cecily Richard Vice President
    0.00     		0    
    1822 Fair Street
    Camden,SC29090
    Jeremy Wood Vice President
    0.00     		0    
    1822 Fair Street
    Camden,SC29090
    Roy Stephens Vice President
    0.00     		0    
    1822 Fair Street
    Camden,SC29090
    Elizabeth HW Frey Secretary
    0.00     		0    
    1822 Fair Street
    Camden,SC29090
    Virginia Susi Asst Treasurer
    2.00     		0    
    1822 Fair Street
    Camden,SC29090
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,265,794
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,265,794
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,265,794
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    78,987
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,186,807
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    259,340
    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
    259,340
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,593
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,593
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    256,747
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    256,747
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    256,747
    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
    201,387
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    201,387
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    201,387
    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 7 256,747
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 24,714
    d From 2016...... 5,363
    e From 2017...... 19,015
    fTotal of lines 3a through e........ 49,092
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 201,387
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 201,387
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018. 49,092 49,092
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		6,268
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    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:
    NA
    bThe form in which applications should be submitted and information and materials they should include:
    No Specified Form
    cAny submission deadlines:
    No Deadlines
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    No Restrictions
    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
    University of Virginia
    PO Box 400807
    Charlottesville,VA22904     		None PC Assist donee organization to achieve its charitable purpose 1,000
    Friends of Uffizi Gallery
    205 Worth Avenue
    Palm Beach,FL33480     		None PC Assist donee organization to achieve its charitable purpose 7,000
    Rise for Baby and Family
    147 Washington Street
    Keene,NH03431     		None PC Assist donee organization to achieve its charitable purpose 4,000
    The Preservation Society of Newport
    424 Bellevue Avenue
    Newport,RI02840     		None PC Assist donee organization to achieve its charitable purpose 2,050
    Sweet Briar College
    134 Chapel Road
    Sweet Briar,VA24595     		None PC Assist donee organization to achieve its charitable purpose 2,500
    The Waters Art Museum
    600 N Charles Street
    Baltimore,MD21201     		None PC To assist donee organization to achieve its charitable purpose 1,500
    McKee Botanical Gardens
    350 North US 1
    Vero Beach,FL32962     		None PC To assist donee organization to achieve its charitable purpose 1,500
    Trinity Preparatory School
    5700 Trinity Prep Lane
    Winter Park,FL32792     		None PC To assist donee organization to achieve its charitable purpose 2,000
    Springside Chestnut Hill Academy
    500 W Willow Grove Ave
    Philadelphia,PA19118     		None PC To assist donee organization to achieve its charitable purpose 2,000
    Indian River Medical Foundation
    1000 36 Street
    Vero Beach,FL32960     		None PC To assist donee organization to achieve its charitable purpose 5,000
    New Horizons Caregivers Group
    3129 S Hacienda Blvd 809
    Hacienda Heights,CA91745     		None PC Assist donee organization to achieve its charitable purpose 10,000
    Sonoran Sounds Women's Club
    22021 North Parada Drive
    Sun City West,AZ85375     		None PC Assist donee organization to achieve its charitable purpose 5,000
    Museums of Old York
    P O Box 312 3 Lindsay Rd
    York,ME03909     		None PC Assist donee organization to achieve its charitable purpose 1,000
    4 Paws for Ability
    253 Dayton Avenue
    Xenia,OH45385     		None PC Assist donee organization to achieve its charitable purpose 1,000
    Senior Services
    c/o The Richard Found 1822 Fair St
    Camden,SC29020     		None PC Assist donee organization to achieve its charitable purpose 1,000
    Berwick Academy
    31 Academy Street
    South Berwick,ME03908     		None PC Assist donee organization to achieve its charitable purpose 5,000
    York Public Library
    15 Long Sands Road
    York,ME03909     		None PC Assist donee organization to achieve its charitable purpose 500
    East Side Settlement House
    337 Alexander Avenue
    Bronx,NY10454     		None PC Assist donee organization to achieve its charitable purpose 1,000
    Halcyon Foundation
    555 Fifth Avenue
    New York,NY10017     		None PC Assist donee organization to achieve its charitable purpose 1,925
    Naval War College Foundation
    686 Cushing Road
    Newport,RI02841     		None PC Assist donee organization to achieve its charitable purpose 8,750
    Suffield Academy
    185 North Main Street
    Suffield,CT06078     		None PC Assist donee organization to achieve its charitable purpose 1,000
    Trinity Church York Harbor ME
    546 York Street
    York,ME03909     		None PC Assist donee organization to achieve its charitable purpose 3,000
    York Land Trust
    1 Long Neck Marsh Rd
    York,ME03909     		None PC Assist donee organization to achieve its charitable purpose 5,000
    MTSU Scholarships
    1301 East Main Street
    Murfreesboro,TN37132     		None PC Assist donee organization to achieve its charitable purpose 5,000
    Wickenburg Community Chorus
    P O Box 21442
    Wickenburg,AZ85358     		None PC Assist donee organization to achieve its charitable purpose 2,500
    Epiphany School
    154 Centre Street
    Dorchester,MA02124     		None PC Assist donee organization to achieve its charitable purpose 5,000
    Groton School
    282 Farmers Row PO Box 991
    Groton,MA01450     		None PC Assist donee organization to achieve its charitable purpose 5,000
    Smith College
    33 Elm Street
    Northampton,MA01063     		None PC Assist donee organization to achieve its charitable purpose 1,000
    Joslin Diabetes Center
    1 Joslin Place
    Boston,MA02215     		None PC Assist donee organization to achieve its charitable purpose 15,000
    Dana Farber Cancer Center
    450 Brookline Avenue
    Boston,MA02115     		None PC To assist donee organization to achieve its charitable purpose 15,000
    Beta Theta Pi Foundation
    5134 Bonham Road PO Box 6277
    Oxford,OH45056     		None PC Assist donee organization to achieve its charitable purpose 350
    564 Park Avenue Preservation Founda
    564 Park Avenue
    New York,NY10065     		None PC Assist donee organization to achieve its charitable purpose 1,000
    York Maine Fire Department
    1 Firehouse Drive
    York,ME03909     		None PC Assist donee organization to achieve its charitable purpose 1,000
    Community Medical Clinic of KC
    110C East DeKalb Street
    Camden,SC29020     		None PC Assist donee organization to achieve its charitable purpose 10,000
    Agamenticus Yacht Club
    PO Box 534
    York Harbor,ME03911     		None PC Assist donee to perform its charitable purpose 4,000
    Camp Dudley
    126 Camp Dudley Road
    Westport,NY12993     		None PC Assist donee to perform its charitable function 1,000
    The Ethel Walker School
    230 Bushy Hill Rd
    Simsbury,CT06070     		None PC Assist donee to perform its charitable function 1,000
    Baltimore Symphony Orchestra
    5301 Tuckerman Lane
    North Bethesda,MD20852     		None PC Assist donee to perform its charitable function 4,500
    Lawton Elementary School
    151 Graham Avenue
    Oviedo,FL32765     		None PC Assist donee to perform its charitable function 2,500
    Headwaters of Rappahannock Cty
    12018 Lee Hwy
    Sperryville,VA22740     		None PC Assist donee to perform its charitable function 1,000
    Boys to Men Mentoring
    9587 Tropica Dr
    La Mesa,CA91941     		None PC Assist donee to perform its charitable function 1,500
    Jefferson Scholarship Foundation
    112 Clark Court
    Charlottesville,VA22903     		None PC Assist donee to perform its charitable function 4,500
    Portsmouth Historical Society
    870 E Main Road
    Portsmouth,RI02871     		None PC To assist donee to perform its charitable function 50
    Dr Phillips Center for the Arts
    445 S Magnolia Ave
    Orlando,FL32801     		None PC Assist donee to achieve its charitable function 10,000
    Virginia Institute of Autism
    1414 Westwood Road
    Charlottesville,VA22903     		None PC To assist donee to achieve its charitable function 1,000
    HHT Foundation
    PO Box 329
    Monkton,MD21111     		None PC Assist donee to achieve its charitable function 1,000
    Highland School
    597 Broadview Avenue
    Warrenton,VA20186     		None PC Assist donee to achieve its charitable function 1,000
    YMCA
    c/o The Richard Found 1822 Fair St
    Camden,SC29020     		None PC Assist donee to achieve its charitable function 1,000
    Providence Montessori School
    1209 Texaco Road
    Lexington,KY40508     		None PC To assist donee to achieve its charitable function 2,500
    Chris Connors Fund
    c/o The Richard Found 1822 Fair St
    Camden,SC29020     		None PC Assist donee to achieve its charitable function 1,000
    Ladew Topiary Gardeb
    3535 Jarretsville Tpke
    Monkfon,MD21111     		None PC Assist donee to acheive its charitable purpose 4,500
    Creative Alliance
    3134 Eastern Avenue STE A
    Baltimore,MD21224     		None PC To assist donee to achieve its charitable purpose 3,500
    Aquidneck Land Trust
    790 Aquidneck Avenue
    Middletown,RI02842     		None PC To assist donee to achieve its charitable purpose 2,500
    Good Shepherd Episcopal Church
    c/o The Richard Fdn 1822 Fair St
    Camden,SC29020     		None PC To assist donee to achieve its charitable purpose 2,500
    Step By Step
    3303 A Eighth Avenue
    Puyallup,WA98372     		None PC To assist donee to achieve its charitable purpose 2,000
    Gore Place Museum
    52 Gore Street
    Waltham,MA02453     		None PC To assist donee to achieve its charitable purpose 1,500
    Newport Art Museum
    76 Bellevue Avenue
    Newport,RI02840     		None PC To assist donee to achieve its charitable purpose 1,500
    Mount Vernon
    3200 Mount Vernon Mem Hwy
    Mount Vernon,VA22121     		None PC Assist donee to achieve its charitable purpose 2,000
    People for Puget Sound
    1402 Third Avenue
    Seattle,WA98104     		None PC Assist donee to achieve its charitable purpose 1,000
    Save the Children
    501 Kings Hwy East 400
    Fairfield,CT06825     		None PC To assist donee to achieve its charitable purpose 1,000
    Kimball Union Academy
    64 Main Street
    Meriden,NH03770     		None PC Assist donee to achieve its charitable purpoe 500
    Boar's Head ATP Challenger fbo Spec
    200 Ednam Drive
    Charlottesville,VA22903     		None PC Assist donne to achieve its charitable purpose 1,000
    Total .................................bullet 3a 194,625
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 70,533  
    4 Dividends and interest from securities....     14 71,674  
    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 42,004  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFederal Tax Overpayment     		    1    
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   184,211  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    184,211
    (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: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    The Richard Foundation
    EIN:
    13-6083721
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Meryl M. Glovin, CPA 5,700 0 0 5,700

    TY 2018 OtherExpensesSchedule
    Name:
    The Richard Foundation
    EIN:
    13-6083721
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NYS Filing Fee - CHAR500 250     250
    Office Expenses 812     812


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Richard Foundation
    EIN:
    13-6083721
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees-JMS #1760 19,692 19,692 0 0
    Investment Advisory Fees-JMS #6253 11,339 11,339 0 0
    Investment Advisory Fees-JMS #6952 11,245 11,245 0 0
    Investment Advisory Fees-JMS #8317 10,742 10,742 0 0


    TY 2018 TaxesSchedule
    Name:
    The Richard Foundation
    EIN:
    13-6083721
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IRS - 2017 Payment 2,675      
    Janney Montgomery Scott #6253 8 8    
    Janney Montgomery Scott #6952 894 894    
    Janney Montomery Scott #83438317 645 645