Form990-PF
Click to see attachment

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
CHRISTIAN EDUCATION CHARITABLE TRUST
C/O H O MACLELLAN JR
Number and street (or P.O. box number if mail is not delivered to street address)820 BROAD STREET SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

23-7412895
B Telephone number (see instructions)

(423) 755-1366
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$18,450,243J 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 99 99  
4 Dividends and interest from securities... 573,683 541,230  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,509,454
b Gross sales price for all assets on line 6a 5,876,014
7 Capital gain net income (from Part IV, line 2)... 1,507,547
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 232,239 257,939  
12 Total. Add lines 1 through 11........ 2,315,475 2,306,815  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 79,306 1,586   77,720
14 Other employee salaries and wages...... 44,150 0   44,150
15 Pension plans, employee benefits....... 8,621 431   8,190
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,531 4,266   4,265
c Other professional fees (attach schedule)....        
17 Interest............... 17,080 17,080   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,138 14,005   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 19,772 989   18,783
21 Travel, conferences, and meetings....... 186,825 0   186,825
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 323,644 269,097   53,548
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 702,067 307,454   393,481
25 Contributions, gifts, grants paid....... 1,646,456 1,646,456
26 Total expenses and disbursements. Add lines 24 and 25 2,348,523 307,454   2,039,937
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -33,048
b Net investment income (if negative, enter -0-) 1,999,361
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,102,223 772,813 772,813
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)....... 8,139,504 Click to see attachment9,276,753 8,513,818
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).......... 9,034,723 Click to see attachment8,409,195 8,470,945
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment908,026 Click to see attachment692,667 Click to see attachment692,667
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,184,476 19,151,428 18,450,243
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 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.................. 19,184,476 19,151,428
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 19,184,476 19,151,428
31 Total liabilities and net assets/fund balances (see instructions). 19,184,476 19,151,428
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
19,184,476
2
Enter amount from Part I, line 27a .....................
2
-33,048
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
19,151,428
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
19,151,428
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 BROADSOFT INC COM   2015-08-05 2018-01-05
b BROADSOFT INC COM   2015-08-05 2018-01-08
c INC RESH HLDGS INC CL A   2015-09-10 2018-01-08
d INC RESH HLDGS INC CL A   2015-09-15 2018-01-08
e INC RESH HLDGS INC CL A   2015-10-07 2018-01-08
INC RESH HLDGS INC CL A   2015-12-03 2018-01-08
INC RESH HLDGS INC CL A   2016-07-05 2018-01-08
SNYDERS-LANCE INC COM   2016-07-29 2018-01-16
SNYDERS-LANCE INC COM   2016-07-29 2018-01-17
ANIKA THERAPEUTICS INC PREVIOUSLY KNOWNAS ANIKA RESEARCH INC   2015-04-10 2018-02-02
ANIKA THERAPEUTICS INC PREVIOUSLY KNOWNAS ANIKA RESEARCH INC   2015-05-14 2018-02-02
ANIKA THERAPEUTICS INC PREVIOUSLY KNOWNAS ANIKA RESEARCH INC   2016-11-07 2018-02-02
AVERY DENNISON CORP COM   2016-07-05 2018-02-02
AVERY DENNISON CORP COM   2016-07-12 2018-02-02
AVERY DENNISON CORP COM   2017-01-03 2018-02-02
BLACKHAWK NETWORK HLDGS INC CL A   2015-04-09 2018-02-02
BLACKHAWK NETWORK HLDGS INC CL A   2015-04-10 2018-02-02
BLACKHAWK NETWORK HLDGS INC CL A   2016-04-18 2018-02-02
BLACKHAWK NETWORK HLDGS INC CL A   2016-05-23 2018-02-02
BRIGHT HORIZONS FAMILY SOLUTIONS INCDEL COM   2016-12-02 2018-02-02
BRIGHT HORIZONS FAMILY SOLUTIONS INCDEL COM   2016-12-07 2018-02-02
BRIGHT HORIZONS FAMILY SOLUTIONS INCDEL COM   2017-01-03 2018-02-02
BROADRIDGE FINL SOLUTIONS INC COM   2016-09-26 2018-02-02
BROADRIDGE FINL SOLUTIONS INC COM   2016-11-09 2018-02-02
DAVE & BUSTERS ENTMTINC COM   2015-11-10 2018-02-02
DAVE & BUSTERS ENTMTINC COM   2015-11-16 2018-02-02
DAVE & BUSTERS ENTMTINC COM   2016-05-16 2018-02-02
DIAMONDBACK ENERGY INC COM   2014-04-25 2018-02-02
DIAMONDBACK ENERGY INC COM   2015-04-13 2018-02-02
ECHO GLOBAL LOGISTICS INC COM   2014-05-01 2018-02-02
ECHO GLOBAL LOGISTICS INC COM   2015-04-09 2018-02-02
ECHO GLOBAL LOGISTICS INC COM   2015-07-31 2018-02-02
ECHO GLOBAL LOGISTICS INC COM   2015-08-21 2018-02-02
ECHO GLOBAL LOGISTICS INC COM   2015-11-03 2018-02-02
ECHO GLOBAL LOGISTICS INC COM   2015-11-05 2018-02-02
ECHO GLOBAL LOGISTICS INC COM   2015-11-16 2018-02-02
EXLSERVICE HOLDINGS INC COM   2016-08-18 2018-02-02
FAIR ISAAC CORPORATION COM   2016-12-06 2018-02-02
FAIR ISAAC CORPORATION COM   2017-01-03 2018-02-02
HEALTHCARE SVC GROUP INC   2014-04-28 2018-02-02
HEALTHCARE SVC GROUP INC   2015-04-13 2018-02-02
INNERWORKINGS INC COM   2014-04-24 2018-02-02
INNERWORKINGS INC COM   2014-09-16 2018-02-02
INNERWORKINGS INC COM   2015-04-08 2018-02-02
LIGAND PHARMACEUTICALS INC COM NEW   2015-08-06 2018-02-02
LIGAND PHARMACEUTICALS INC COM NEW   2015-08-21 2018-02-02
LIGAND PHARMACEUTICALS INC COM NEW   2015-08-24 2018-02-02
LIGAND PHARMACEUTICALS INC COM NEW   2016-08-19 2018-02-02
MATADOR RES CO COM   2014-07-30 2018-02-02
MATADOR RES CO COM   2015-04-20 2018-02-02
MULTI-COLOR CORP COM   2015-09-30 2018-02-02
MULTI-COLOR CORP COM   2015-10-07 2018-02-02
MULTI-COLOR CORP COM   2015-11-16 2018-02-02
MULTI-COLOR CORP COM   2015-11-17 2018-02-02
PERFORMANCE FOOD GROUP CO COM   2016-08-23 2018-02-02
PERFORMANCE FOOD GROUP CO COM   2016-09-26 2018-02-02
PERFORMANCE FOOD GROUP CO COM   2016-11-09 2018-02-02
SCIENCE APPLICATIONSINTL CORP NEW COM   2016-11-16 2018-02-02
SCIENCE APPLICATIONSINTL CORP NEW COM   2016-11-17 2018-02-02
SCIENCE APPLICATIONSINTL CORP NEW COM   2017-01-11 2018-02-02
SCIENCE APPLICATIONSINTL CORP NEW COM   2017-01-12 2018-02-02
SYNOPSYS INC   2016-06-20 2018-02-02
WEST PHARMACEUTICAL SVCS INC COM   2014-09-30 2018-02-02
WEST PHARMACEUTICAL SVCS INC COM   2015-01-09 2018-02-02
WEST PHARMACEUTICAL SVCS INC COM   2015-04-13 2018-02-02
CARDTRONICS INC COM C/A EFF 7/1/16 1 OLD/1 CU G1991C105 CARDTRONICS PLC   2014-09-15 2018-02-02
CARDTRONICS INC COM C/A EFF 7/1/16 1 OLD/1 CU G1991C105 CARDTRONICS PLC   2015-04-20 2018-02-02
CARDTRONICS INC COM C/A EFF 7/1/16 1 OLD/1 CU G1991C105 CARDTRONICS PLC   2015-06-11 2018-02-02
ALTRIA GROUP INC COM   2014-10-30 2018-01-08
BERKSHIRE HATHAWAY INC DEL CL B NEW   2014-10-30 2018-01-08
BROWN FORMAN CORP CLA   2014-10-30 2018-01-08
COMCAST CORP NEW CL A   2014-10-30 2018-01-08
MARTIN MARIETTA MATLS INC COM   2014-10-30 2018-01-08
MASTERCARD INC   2014-10-30 2018-01-08
UNILEVER NV NEW YORKSHS NEW   2014-10-30 2018-01-08
WELLS FARGO & CO NEW   2014-10-30 2018-01-08
CIE FINANCIERE RICHEMONT AG ZUG NAMEN AKT ISIN#CH0210483332   2014-10-30 2018-01-09
DIAGEO PLC ORD SHS ISIN#GB0002374006   2014-10-30 2018-01-09
HEINEKEN HLDG NV SHS ISIN#NL0000008977   2014-10-30 2018-01-09
JC DECAUX S A ACT ISIN#FR0000077919   2015-03-11 2018-01-09
JC DECAUX S A ACT ISIN#FR0000077919   2015-04-28 2018-01-09
PERNOD RICARD ORD SHS ISIN#FR0000120693   2014-10-30 2018-01-09
SWATCH GROUP AG THE AKT ISIN#CH0012255151   2015-10-22 2018-01-09
BROWN FORMAN CORP CL B   2014-10-30 2018-03-05
BROWN FORMAN CORP CL B   2015-01-12 2018-03-05
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2014-10-30 2018-01-09
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2014-10-30 2018-06-04
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2014-10-31 2018-06-04
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2014-10-31 2018-06-08
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2014-10-31 2018-06-14
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2015-01-12 2018-06-14
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2015-01-12 2018-06-20
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2015-01-12 2018-06-27
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2015-01-12 2018-07-03
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2015-01-12 2018-07-26
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2015-01-14 2018-07-26
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2015-01-14 2018-08-30
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2016-10-25 2018-08-30
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2016-10-25 2018-09-18
BRITISH AMERICAN TOBACCO PLC ORD SHS ISIN#GB0002875804   2017-08-01 2018-09-18
360 ENERGY OPPORTUNITY FUND, L.P. P   2018-12-31
KW DISCOVERY, LLC P   2018-12-31
RESOURCE LAND FUND II, LLC P   2018-12-31
MILLENNIUM STRAGEGIC P   2018-12-31
NXTHERA, INC P   2018-04-28
BARRACUDA NETWORKS INC COM   2017-09-14 2018-01-02
BARRACUDA NETWORKS INC COM   2017-09-14 2018-01-03
CORCEPT THERAPEUTICSINC COM   2017-09-22 2018-01-22
BIOVERATIV INC COM   2017-09-21 2018-01-30
BIOVERATIV INC COM   2018-01-12 2018-01-30
AMERICAN RENAL ASSOCHLDGS INC COM   2018-01-30 2018-02-02
AMERICAN RENAL ASSOCHLDGS INC COM   2018-01-31 2018-02-02
ANIKA THERAPEUTICS INC PREVIOUSLY KNOWNAS ANIKA RESEARCH INC   2017-06-09 2018-02-02
ARAMARK COM   2017-03-17 2018-02-02
ARAMARK COM   2017-04-07 2018-02-02
ARAMARK COM   2017-04-11 2018-02-02
ARAMARK COM   2017-04-17 2018-02-02
ARAMARK COM   2017-06-09 2018-02-02
CORCEPT THERAPEUTICSINC COM   2017-09-22 2018-02-02
CORCEPT THERAPEUTICSINC COM   2017-09-25 2018-02-02
CORCEPT THERAPEUTICSINC COM   2017-09-26 2018-02-02
CORCEPT THERAPEUTICSINC COM   2017-10-10 2018-02-02
DAVE & BUSTERS ENTMTINC COM   2017-09-06 2018-02-02
EXLSERVICE HOLDINGS INC COM   2017-03-01 2018-02-02
GRAPHIC PACKAGING HLDG CO COM   2017-06-28 2018-02-02
GRAPHIC PACKAGING HLDG CO COM   2017-06-29 2018-02-02
LOGMEIN INC COM   2017-03-07 2018-02-02
LOGMEIN INC COM   2017-03-15 2018-02-02
LOGMEIN INC COM   2017-06-19 2018-02-02
MERIT MEDICAL SYS INC   2017-04-21 2018-02-02
MERIT MEDICAL SYS INC   2017-04-24 2018-02-02
MERIT MEDICAL SYS INC   2017-04-25 2018-02-02
MERIT MEDICAL SYS INC   2017-04-26 2018-02-02
MERIT MEDICAL SYS INC   2017-04-27 2018-02-02
MERIT MEDICAL SYS INC   2017-05-01 2018-02-02
MERIT MEDICAL SYS INC   2017-05-05 2018-02-02
MGP INGREDIENTS INC NEW COM   2017-12-18 2018-02-02
MGP INGREDIENTS INC NEW COM   2017-12-19 2018-02-02
MGP INGREDIENTS INC NEW COM   2017-12-20 2018-02-02
MGP INGREDIENTS INC NEW COM   2017-12-21 2018-02-02
MGP INGREDIENTS INC NEW COM   2018-01-04 2018-02-02
MGP INGREDIENTS INC NEW COM   2018-01-05 2018-02-02
MGP INGREDIENTS INC NEW COM   2018-01-08 2018-02-02
ON ASSIGNMENT INC COM   2017-05-12 2018-02-02
ON ASSIGNMENT INC COM   2017-06-09 2018-02-02
PERFORMANCE FOOD GROUP CO COM   2017-06-09 2018-02-02
REALPAGE INC COM   2018-01-05 2018-02-02
REALPAGE INC COM   2018-01-08 2018-02-02
REALPAGE INC COM   2018-01-09 2018-02-02
REALPAGE INC COM   2018-01-18 2018-02-02
REALPAGE INC COM   2018-01-25 2018-02-02
SCIENCE APPLICATIONSINTL CORP NEW COM   2017-04-17 2018-02-02
SERVICEMASTER GLOBALHLDGS INC COM   2017-02-28 2018-02-02
SERVICEMASTER GLOBALHLDGS INC COM   2017-06-09 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-16 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-17 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-18 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-19 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-22 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-23 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-24 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-25 2018-02-02
SIMPLY GOOD FOODS COCOM   2018-01-26 2018-02-02
SS&C TECHNOLOGIES HLDGS INC COM   2017-09-14 2018-02-02
SYNEOS HEALTH INC CLA   2018-01-16 2018-02-02
VERINT SYS INC COM   2017-12-13 2018-02-02
VERINT SYS INC COM   2017-12-14 2018-02-02
VERINT SYS INC COM   2017-12-15 2018-02-02
VERINT SYS INC COM   2018-01-16 2018-02-02
CARDTRONICS INC COM C/A EFF 7/1/16 1 OLD/1 CU G1991C105 CARDTRONICS PLC   2018-01-16 2018-02-02
RECKITT BENCKISER PLC SPONSORED ADR ISIN#US7562552049   2018-01-23 2018-04-03
CSL LTD SPONSORED ADR ISIN#US12637N2045   2018-01-23 2018-04-09
COLOPLAST A/S ADR ISIN#US19624Y1010   2018-01-23 2018-04-17
YANDEX N V SHS CLASS A ISIN#NL0009805522   2018-01-23 2018-04-17
NOVOZYMES A/S SPONSORED ADR   2018-01-23 2018-05-03
ATLAS COPCO AB SPON ADR NEW REPSTG ISIN#US0492557063 COM SER A   2018-01-23 2018-06-29
ATLAS COPCO A RTS 06/29/2018   2018-01-23 2018-06-29
HERMES INTL SCA ADR ISIN#US42751Q1058   2018-01-23 2018-07-05
FERRARI N V SHS ISIN#NL0011585146   2018-01-23 2018-08-03
ACCENTURE PLC IRELAND CLASS SHS ISIN#IE00B4BNMY34   2018-01-23 2018-11-09
AIA GROUP LTD SPONSORED ADR ISIN#US0013172053   2018-01-23 2018-11-09
ATLAS COPCO AB SPON ADR NEW REPSTG ISIN#US0492557063 COM SER A   2018-01-23 2018-11-09
CANADIAN PAC RY LTD COM ISIN#CA13645T1003   2018-01-23 2018-11-09
CHR HANSEN HLDG A/S SPONS ADR ISIN#US12545M2070   2018-01-23 2018-11-09
CHUBB LTD COM ISIN#CH0044328745   2018-01-23 2018-11-09
COMPASS GROUP PLC SPONSORED ADR NEW JUNE 2017   2018-01-23 2018-11-09
CORE LABORATORIES NV   2018-01-23 2018-11-09
CSL LTD SPONSORED ADR ISIN#US12637N2045   2018-01-23 2018-11-09
DSV AS ADR ISIN#US26251A1088   2018-01-23 2018-11-09
ESSILOR INTL S A SPONSORED ADR   2018-01-23 2018-11-09
EXPERIAN PLC SPON ADR   2018-01-23 2018-11-09
HDFC BK LTD ADR REPSTG 3 SHS   2018-01-23 2018-11-09
ICON PLC LTD SHS ISIN#IE0005711209   2018-01-23 2018-11-09
INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR ISIN#US4557931098   2018-01-23 2018-11-09
LUXOTTICA GROUP SPA SPONSORED ADR   2018-01-23 2018-11-09
LVMH MOET HENNESSY LOUIS VUITTON ADR   2018-01-23 2018-11-09
NESTLE SA SPONSORED ADR REPSTGREG SHS ISIN#US6410694060   2018-01-23 2018-11-09
SHOPIFY INC CL A ISIN#CA82509L1076   2018-04-24 2018-11-09
SYSMEX CORP ADR ISIN#US87184P1093   2018-01-23 2018-11-09
TAIWAN SEMICONDUCTORMFG CO SPONSORED ADR ISIN#US8740391003   2018-01-23 2018-11-09
WAL MART DE MEXICO SA DE CV SPONS ADR ISIN#US93114W1071 REPSTG SER V SHS   2018-01-23 2018-11-09
ADIDAS SALOMON AG SPONSORED ADR   2018-01-23 2018-11-09
PERNOD RICARD S A ADR ISIN#US7142642070   2018-01-23 2018-11-09
LUXOTTICA GROUP SPA SPONSORED ADR   2018-01-23 2018-11-16
FANUC CORPORATION ADR ISIN#US3073051027   2018-04-09 2018-11-26
SYSMEX CORP ADR ISIN#US87184P1093   2018-01-23 2018-12-27
ALPS ETF TR ALERIAN MLP ETF   2018-02-05 2018-02-26
ALPS ETF TR ALERIAN MLP ETF   2018-02-05 2018-05-24
ALPS ETF TR ALERIAN MLP ETF   2018-02-05 2018-05-24
ALPS ETF TR ALERIAN MLP ETF   2018-02-05 2018-05-24
ALPS ETF TR ALERIAN MLP ETF   2018-02-15 2018-05-24
ALPS ETF TR ALERIAN MLP ETF   2018-02-26 2018-05-24
ALPS ETF TR ALERIAN MLP ETF   2018-04-16 2018-05-24
ALPS ETF TR ALERIAN MLP ETF   2018-05-15 2018-05-24
NXTHERA, INC     2018-04-28
SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS P    
LONG-TERM CAPITAL GAINS FROM PARTNERSHIPS P    
SEC. 1231 GAIN FROM PARTNERSHIPS P    
SEC. 1256 LOSS FROM PARTNERSHIPS 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 13,931   8,881 5,050
b 13,823   8,811 5,012
c 2,096   2,096 0
d 6,039   6,039 0
e 6,092   6,092 0
5,349   5,349 0
3,727   3,727 0
15,302   10,528 4,774
14,706   10,115 4,591
4,776   3,022 1,754
11,036   5,874 5,162
9,229   6,292 2,937
3,796   2,269 1,527
16,724   10,342 6,382
10,675   6,308 4,367
2,940   2,363 577
11,895   9,628 2,267
8,096   6,277 1,819
6,377   4,575 1,802
9,786   6,879 2,907
7,073   5,102 1,971
11,142   7,948 3,194
22,500   16,422 6,078
10,583   6,921 3,662
1,435   1,206 229
7,270   5,484 1,786
6,983   5,678 1,305
6,181   3,674 2,507
6,676   4,298 2,378
3,288   2,162 1,126
3,666   3,068 598
233   257 -24
3,201   2,781 420
6,459   5,442 1,017
4,074   3,287 787
6,052   4,657 1,395
16,654   13,627 3,027
16,033   10,916 5,117
9,381   6,593 2,788
10,334   5,553 4,781
7,603   4,468 3,135
7,149   5,679 1,470
7,458   6,711 747
5,400   3,689 1,711
10,269   6,716 3,553
9,321   5,162 4,159
5,688   3,072 2,616
8,531   5,793 2,738
7,587   6,665 922
3,715   3,267 448
1,110   1,117 -7
2,442   2,522 -80
8,437   6,774 1,663
8,363   6,861 1,502
3,063   2,532 531
10,331   7,783 2,548
8,050   5,762 2,288
2,484   2,622 -138
4,140   4,339 -199
3,011   3,390 -379
4,441   5,004 -563
18,087   10,651 7,436
3,971   1,796 2,175
13,007   6,848 6,159
8,936   5,092 3,844
3,005   4,658 -1,653
3,493   5,414 -1,921
5,085   7,882 -2,797
3,510   2,576 934
31,395   23,212 8,183
8,381   5,677 2,704
1,010   701 309
4,582   2,331 2,251
31,866   16,988 14,878
564   402 162
8,805   7,509 1,296
10,030   9,806 224
3,240   2,658 582
10,048   6,502 3,546
4,673   3,758 915
212   1,098 -886
18,142   13,285 4,857
6,255   6,022 233
14   9 5
28   18 10
1,344   1,159 185
7,380   8,030 -650
1,527   2,266 -739
6,090   6,977 -887
248   285 -37
2,975   3,315 -340
3,241   3,525 -284
3,218   3,482 -264
772   802 -30
274   267 7
1,643   1,605 38
1,720   1,891 -171
885   944 -59
330   405 -75
2,121   2,376 -255
710,059   710,059 0
44,762   44,933 -171
13,696   13,427 269
1,089,220   483,335 605,885
1,191,186   695,459 495,727
8,192   7,352 840
8,602   7,721 881
6,537   4,829 1,708
26,900   14,734 12,166
9,070   5,678 3,392
8,291   8,516 -225
8,532   8,752 -220
4,001   2,913 1,088
8,508   6,993 1,515
8,554   6,861 1,693
4,550   3,646 904
4,277   3,429 848
3,640   3,171 469
1,156   893 263
6,629   5,371 1,258
7,313   5,774 1,539
4,813   3,813 1,000
2,870   3,140 -270
6,298   4,882 1,416
8,588   7,446 1,142
8,524   7,295 1,229
17,436   13,895 3,541
6,352   5,081 1,271
3,487   3,106 381
1,541   989 552
4,216   2,804 1,412
3,853   2,630 1,223
5,485   3,746 1,739
4,307   2,982 1,325
4,851   3,658 1,193
5,259   3,937 1,322
2,566   2,341 225
2,483   2,334 149
3,476   3,271 205
3,311   3,105 206
2,731   2,487 244
3,394   3,172 222
3,642   3,404 238
23,640   17,787 5,853
4,118   3,014 1,104
5,606   4,856 750
6,377   5,931 446
6,524   6,143 381
5,886   5,687 199
4,562   4,537 25
3,483   3,455 28
4,065   3,864 201
23,909   18,177 5,732
4,519   3,284 1,235
1,212   1,248 -36
1,553   1,615 -62
1,621   1,679 -58
1,635   1,710 -75
2,111   2,202 -91
2,425   2,533 -108
2,956   3,107 -151
2,806   2,929 -123
3,419   3,575 -156
23,846   18,516 5,330
3,054   3,343 -289
5,651   5,803 -152
6,418   6,623 -205
6,418   6,717 -299
4,359   4,667 -308
5,573   4,830 743
15,822   19,171 -3,349
4,813   4,663 150
7,931   8,164 -233
13,571   15,159 -1,588
12,225   14,371 -2,146
21,249   21,249 0
4,387   5,291 -904
12,174   11,098 1,076
11,507   10,931 576
485   483 2
499   551 -52
231   356 -125
410   369 41
383   361 22
387   460 -73
376   419 -43
246   362 -116
402   354 48
470   487 -17
264   264 0
487   486 1
361   430 -69
267   229 38
111   143 -32
242   254 -12
412   423 -11
416   435 -19
416   375 41
109   166 -57
449   556 -107
255   279 -24
338   343 -5
281   292 -11
8,514   8,840 -326
10,197   14,502 -4,305
4,500   7,996 -3,496
7,380   7,957 -577
1   1 0
84,024   92,048 -8,024
273,856   300,008 -26,152
7,264   7,380 -116
6,946   7,380 -434
456,842   450,021 6,821
16,741   16,753 -12
265,491   160,506 104,985
    363,979 -363,979
351,999     351,999
114,833     114,833
      0
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       5,050
b       5,012
c       0
d       0
e       0
      0
      0
      4,774
      4,591
      1,754
      5,162
      2,937
      1,527
      6,382
      4,367
      577
      2,267
      1,819
      1,802
      2,907
      1,971
      3,194
      6,078
      3,662
      229
      1,786
      1,305
      2,507
      2,378
      1,126
      598
      -24
      420
      1,017
      787
      1,395
      3,027
      5,117
      2,788
      4,781
      3,135
      1,470
      747
      1,711
      3,553
      4,159
      2,616
      2,738
      922
      448
      -7
      -80
      1,663
      1,502
      531
      2,548
      2,288
      -138
      -199
      -379
      -563
      7,436
      2,175
      6,159
      3,844
      -1,653
      -1,921
      -2,797
      934
      8,183
      2,704
      309
      2,251
      14,878
      162
      1,296
      224
      582
      3,546
      915
      -886
      4,857
      233
      5
      10
      185
      -650
      -739
      -887
      -37
      -340
      -284
      -264
      -30
      7
      38
      -171
      -59
      -75
      -255
      0
      -171
      269
      605,885
      495,727
      840
      881
      1,708
      12,166
      3,392
      -225
      -220
      1,088
      1,515
      1,693
      904
      848
      469
      263
      1,258
      1,539
      1,000
      -270
      1,416
      1,142
      1,229
      3,541
      1,271
      381
      552
      1,412
      1,223
      1,739
      1,325
      1,193
      1,322
      225
      149
      205
      206
      244
      222
      238
      5,853
      1,104
      750
      446
      381
      199
      25
      28
      201
      5,732
      1,235
      -36
      -62
      -58
      -75
      -91
      -108
      -151
      -123
      -156
      5,330
      -289
      -152
      -205
      -299
      -308
      743
      -3,349
      150
      -233
      -1,588
      -2,146
      0
      -904
      1,076
      576
      2
      -52
      -125
      41
      22
      -73
      -43
      -116
      48
      -17
      0
      1
      -69
      38
      -32
      -12
      -11
      -19
      41
      -57
      -107
      -24
      -5
      -11
      -326
      -4,305
      -3,496
      -577
      0
      -8,024
      -26,152
      -116
      -434
      6,821
      -12
      104,985
      -363,979
      351,999
      114,833
      0
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 1,507,547
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 2,019,323 20,745,454 0.097338
2016 2,100,085 21,197,477 0.099072
2015 1,452,945 21,155,451 0.068679
2014 1,403,894 22,034,786 0.063713
2013 1,402,029 20,820,350 0.067339
2
Total of line 1, column (d) .....................
2
0.396141
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
0.079228
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
19,649,456
5
Multiply line 4 by line 3......................
5
1,556,787
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
19,994
7
Add lines 5 and 6........................
7
1,576,781
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,039,937
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 19,994
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 19,994
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 19,994
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 43,333
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 43,333
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 23,339
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet23,339 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletTN, CA, AZ, IL
    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 ofbulletHUGH O MACLELLAN JR Telephone no.bullet (423) 755-8142

    Located atbullet820 BROAD STREET SUITE 300CHATTANOOGATN ZIP+4bullet37402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HUGH O MACLELLAN JR PRESIDENT & TRUSTEE
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    ROBERT H MACLELLAN V.P. & TRUSTEE
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    REID A MACLELLAN TRUSTEE
    0.25     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    ELIZABETH LINDQUIST TRUSTEE
    0.25     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    RODGER PIERSANT TRUSTEE
    0.25     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    JOHN ZEISER TRUSTEE
    0.25     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    CHARLES W PHILIPS EXECUTIVE DIRECTOR
    10.00     		79,306 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 CONVENING OF LEADERSA GATHERING OF LEADERS OF NON-PROFITS IN THE EDUCATION SECTOR IS CONVENED TOGETHER TO DISCUSS CHALLENGES AND OPPORTUNITIES THAT FACE THEIR ORGANIZATIONS. THE GOAL OF THE CONVENING IS TO PROVIDE A PLACE FOR DIALOGUE AND LEARNING IN ORDER TO COOPERATIVELY LOOK AT THE ISSUES FACING THE EDUCATION SECTOR. DIFFERENT EXPERTS IN THE FIELD PROVIDE INFORMATION AND TECHNICAL ADVICE. THE GOAL IS FOR ORGANIZATIONS TO DEVELOP SUSTAINABLE OPERATING MODELS THAT WILL ALLOW THEM TO CONTINUE TO SERVE THE PUBLIC WELL BOTH NOW AND IN THE FUTURE. THIS PROGRAM ALSO HAS A GRANT INITIATIVE ASSOCIATED WITH IT. PARTICIPANTS IN THE CONVENINGS ARE ELIGIBLE TO APPLY FOR A TYPE OF GRANT THROUGH THE CHRISTIAN EDUCATION CHARITABLE TRUST. 105,104
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,991,895
    b
    Average of monthly cash balances.......................
    1b
    401,284
    c
    Fair market value of all other assets (see instructions)................
    1c
    9,555,507
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,948,686
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    19,948,686
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    299,230
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,649,456
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    982,473
    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
    982,473
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    19,994
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    19,994
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    962,479
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    962,479
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    962,479
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,039,937
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,039,937
    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
    19,994
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,019,943
    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 7 962,479
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 381,115
    b From 2014...... 424,602
    c From 2015...... 415,606
    d From 2016...... 1,044,913
    e From 2017...... 997,805
    fTotal of lines 3a through e........ 3,264,041
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,039,937
    a Applied to 2017, but not more than line 2a 0
    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..... 962,479
    e Remaining amount distributed out of corpus 1,077,458
    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 4,341,499
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		381,115
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		3,960,384
    10 Analysis of line 9:
    a Excess from 2014.... 424,602
    b Excess from 2015.... 415,606
    c Excess from 2016.... 1,044,913
    d Excess from 2017.... 997,805
    e Excess from 2018.... 1,077,458
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BELHAVEN UNIVERSITY
    1500 PEACHTREE STREET
    JACKSON,MS39202     		NONE PUBLIC CHARITY EDUCATION 30,000
    GORDON COLLEGE
    255 GRAPEVINE ROAD
    WENHAM,MA01984     		NONE PUBLIC CHARITY EDUCATION 20,000
    COVENANT COLLEGE INC
    14049 SCENIC HIGHWAY
    LOOKOUT MOUNTAIN,GA30750     		NONE PUBLIC CHARITY EDUCATION 110,000
    ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL
    PO BOX 65130
    COLORADO SPRINGS,CO80935     		NONE PUBLIC CHARITY EDUCATION 25,000
    THE KING'S COLLEGE
    56 BROADWAY
    BROOKLYN,NY10004     		NONE PUBLIC CHARITY EDUCATION 50,000
    VILLAGE CHRISTIAN SCHOOL
    8930 VILLAGE AVENUE
    SUN VALLEY,CA91352     		NONE PUBLIC CHARITY EDUCATION 37,000
    HICKORY VALLEY CHRISTIAN SCHOOL INC
    6605 SHALLOWFORD ROAD
    CHATTANOOGA,TN37421     		NONE PUBLIC CHARITY EDUCATION 10,639
    GREATER RALEIGH AREA CHRISTIAN EDUCATION INC
    1101 BUCK JONES ROAD
    RALEIGH,NC27606     		NONE PUBLIC CHARITY EDUCATION 60,932
    CAPISTRANO VALLEY CHRISTIAN SCHOOLS INC
    32032 DEL OBISPO STREET
    SAN JUAN CAPISTRANO,CA92675     		NONE PUBLIC CHARITY EDUCATION 70,000
    TRINITY CLASSICAL ACADEMY
    PO BOX 802679
    SANTA CLARITA,CA91380     		NONE PUBLIC CHARITY EDUCATION 40,000
    PORTSMOUTH CHRISTIAN ACADEMY
    20 SEABORNE DRIVE
    DOVER,NH03820     		NONE PUBLIC CHARITY EDUCATION 50,000
    COUNCIL ON EDUCATION STANDARDS AND ACCOUNTABILITY INC
    PO BOX 440188
    KENNESAW,GA30160     		NONE PUBLIC CHARITY EDUCATION 93,750
    VERITAS FORUM INC
    ONE BROADWAY 14TH FLOOR
    CAMBRIDGE,MA02142     		NONE PUBLIC CHARITY EDUCATION 25,000
    CHATTANOOGA CHRISTIAN SCHOOL INC
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		NONE PUBLIC CHARITY EDUCATION 710,000
    CONSORTIUM OF CHRISTIAN STUDY CENTERS
    485 HILLSDALE DRIVE SUITE 300
    CHARLOTTESVILLE,VA22901     		NONE PUBLIC CHARITY EDUCATION 61,085
    INDIANA WESLEYAN UNIVERSITY
    4201 SOUTH WASHINGTON STREET
    MARION,IN46953     		NONE PUBLIC CHARITY EDUCATION 25,000
    DORDT COLLEGE
    498 4TH AVE NE
    SIOUX CENTER,IA51250     		NONE PUBLIC CHARITY EDUCATION 30,000
    THE BROOK HILL SCHOOL INC
    1051 N HOUSTON ST
    BULLARD,TX75757     		NONE PUBLIC CHARITY EDUCATION 50,000
    PELLA CHRISTIAN GRADE SCHOOL
    216 LIBERTY STREET
    PELLA,IA50219     		NONE PUBLIC CHARITY EDUCATION 41,050
    FAITH LUTHERAN MIDDLE AND HIGH SCHOOL
    2015 S HUALAPAI WAY
    LAS VEGAS,NV89117     		NONE PUBLIC CHARITY EDUCATION 400
    HORIZON CHRISTIANFELLOWSHIP RANCHO SANTA FE
    6233 EL APAJO
    RANCHO SANTA FE,CA92067     		NONE PUBLIC CHARITY EDUCATION 300
    LEXINGTON CHRISTIAN ACADEMY
    48 BARTLETT AVE
    LEXINGTON,MA02420     		NONE PUBLIC CHARITY EDUCATION 400
    EAGLES LANDING CHRISTIAN ACADEMY INC
    2400 HWY 42 NORTH
    MCDONOUGH,GA30253     		NONE PUBLIC CHARITY EDUCATION 200
    HOLLAND CHRISTIAN EDUCATION SOCIETY
    950 OTTAWA AVE
    HOLLAND,MI49423     		NONE PUBLIC CHARITY EDUCATION 300
    SADDLEBACK VALLEY CHRISTIAN CHURCH
    26333 OSO ROAD
    SAN JUAN CAPISTRANO,CA92675     		NONE PUBLIC CHARITY EDUCATION 500
    THE WOODLANDS CHRISTIAN ACADEMY
    5800 ACADEMY WAY
    THE WOODLANDS,TX77384     		NONE PUBLIC CHARITY EDUCATION 200
    FORT WORTH CHRISTIAN SCHOOL INC
    6200 HOLIDAY LANE NORTH
    RICHLAND HILLS,TX76180     		NONE PUBLIC CHARITY EDUCATION 500
    GRAND RAPIDS CHRISTIAN SCHOOL ASSOCIATION
    2300 PLYMOUTH AVE SE
    GRAND RAPIDS,MI49506     		NONE PUBLIC CHARITY EDUCATION 200
    CHRIST PRESBYTERIAN CHURCH INC
    2323 OLD HICKORY BLVD
    NASHVILLE,TN37215     		NONE PUBLIC CHARITY EDUCATION 400
    MARANATHA HIGH SCHOOL
    169 S ST JOHN AVE
    PASADENA,CA91105     		NONE PUBLIC CHARITY EDUCATION 300
    WESTMINSTER CHRISTIAN ACADEMY ASSOCIATION
    800 MARYVILLE CENTRE DRIVE
    TOWN COUNTRY,MO63017     		NONE PUBLIC CHARITY EDUCATION 200
    FIRST PRESBYTERIAN SCHOOL
    5300 MAIN STREET
    HOUSTON,TX77004     		NONE PUBLIC CHARITY EDUCATION 400
    PUSCH RIDGE CHRISTIAN ACADEMY INC
    9500 N ORACLE RD
    TUCSON,AZ85704     		NONE PUBLIC CHARITY EDUCATION 400
    MONTE VISTA CHRISTIAN SCHOOL INC
    2 SCHOOL WAY
    WATSONVILLE,CA95076     		NONE PUBLIC CHARITY EDUCATION 200
    SANTIAGO CHRISTIAN SCHOOL FOUNDATION
    3170 AIRMANS DRIVE
    FT PIERCE,FL34946     		NONE PUBLIC CHARITY EDUCATION 300
    MUSTARD SEED SCHOOL CHRISTIAN URBAN EDUCATION INC
    422 WILLOW AVE
    HOBOKEN,NJ07030     		NONE PUBLIC CHARITY EDUCATION 500
    PRESTONWOOD CHRISTIAN ACADEMY
    6801 W PARK BLVD
    PLANO,TX75093     		NONE PUBLIC CHARITY EDUCATION 300
    MOUNT PISGAH CHRISTIAN SCHOOL
    9820 NESBIT FERRY ROAD
    JOHNS CREEK,GA30022     		NONE PUBLIC CHARITY EDUCATION 500
    KIRK OF THE HILLS PRESBYTERIAN CHURCH
    12928 LADUE ROAD
    ST LOUIS,MO63141     		NONE PUBLIC CHARITY EDUCATION 500
    MOUNT VERNON PRESBYTERIAN SCHOOL INC
    471 MOUNT VERNON HWY NE
    ATLANTA,GA30328     		NONE PUBLIC CHARITY EDUCATION 100,000
    Total .................................bullet 3a 1,646,456
    bApproved for future payment
    COVENANT COLLEGE INC
    14049 SCENIC HIGHWAY
    LOOKOUT MOUNTAIN,GA30750     		NONE PUBLIC CHARITY EDUCATION 18,000
    Total .................................bullet 3b 18,000
    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 99  
    4 Dividends and interest from securities....     14 573,677 6
    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..... 525990   14 257,903  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 1,907 18 1,507,547  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aUNRELATED BUSINESS INCOME FROM PASSTHROUGH     		525990 -25,700      
    bSECTION 965(A) INCOME INCLUSION         36
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -23,793 2,339,226 42
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,315,475
    (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.)
    4 TAX EXEMPT INCOME FROM PASSTHROUGH INVESTMENTS
    11 SECTION 965(A) INCOME INCLUSION FROM PASSTHROUGH INVESTMENTS
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHAMBLISS, BAHNER & STOPHEL, P.C. 8,531 4,266   4,265

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PARTNERSHIP FLOWTHROUGH - UBI SHORT-TERM   PURCHASED       6,326   0 -6,326  
    PARTNERSHIP FLOWTHROUGH - UBI - LONG-TERM   PURCHASED     8,233     0 8,233  

    TY 2018 GeneralExplanationAttachment
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Identifier Return Reference Explanation
    DONOR ADVISED FUNDS FORM 990-PF, PART VII-A, LINE 12 NO DISTRIBUTIONS WERE MADE TO OUR DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731 DURING THE 2018 TAX YEAR. THE TRUST RETAINED ADVISORY PRIVILEGES. CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION ("CCCF") IS A SECTION 509(A)(1) ORGANIZATION AS REFERRED TO IN SECTION 170(B)(1)(A)(VI). THE ENTIRE AMOUNT WAS TREATED AS A QUALIFYING DISTRIBUTION IN PART XV, LINE 3, CONTRIBUTIONS, GIFTS, GRANTS PAID. THE DONOR-ADVISED FUND AGREEMENT BETWEEN THE CHRISTIAN EDUCATION CHARITABLE TRUST AND CCCF INCLUDES THE FOLLOWING:"CCCF SHALL RECEIVE, REVIEW AND CONSIDER WRITTEN RECOMMENDATIONS FROM THE COMMITTEE CONCERNING GRANTS MADE FROM THE FUND AND ANY CONDITIONS WHICH SHOULD BE PLACED UPON SUCH GRANTS. THE FINAL DECISION CONCERNING SUCH MATTERS SHALL BE MADE BY THE BOARD OF DIRECTORS OF CCCF.""NO INCOME OR PRINCIPAL OF THE FUND SHALL BE USED FOR ANY PURPOSE OR PAID TO ANY BENEFICIARY IF SUCH USE OR PAYMENT WOULD NOT BE PERMITTED BY THE INTERNAL REVENUE CODE (THE "CODE") OR REGULATIONS THEREUNDER FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE."

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Name of Stock End of Year Book Value End of Year Fair Market Value
    NXTHERA, INC. 0 924,824
    VERAN MEDICAL TECHNOLOGIES 462,500 515,194
    ATLANTA CATHETER THERAPIES 47,397 47,397
    COHERA MEDICAL 1,570,375 0
    NXPHASE 8,110 8,110
    AEGEA MEDICAL 750,000 750,000
    PERSHING 1212 - SEE ATTACHED 469,744 422,524
    PERSHING 1212 - SEE ATTACHED 1,041,828 1,180,005
    PERSHING 1212 - SEE ATTACHED 4,924,657 4,665,764
    ILLIANT CORPORATION 1,068 SHARES SERIES A PREFERRED 2,136 0
    APHERESIS TECHNOLOGIES 74 SHARES 6 0

    TY 2018 InvestmentsOtherSchedule2
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AERIAL BIOPHARMA, LLC AT COST 198,395 68,070
    ALTUM CREDIT FUND, L.P. AT COST 2,140,771 2,091,744
    ARRIVO BIOVENTURES LLC AT COST 171,623 171,435
    BIOTECHNOLOGY VALUE FUND, L.P. AT COST 2,558 106
    BOW RIVER CAPITAL 2017-QP FUND, LP AT COST 76,466 86,683
    C-III RECOVERY FUND II LP AT COST 359,510 358,251
    CEVIAN CAPITAL II, L.P. AT COST 1,068,257 1,012,312
    DYNAMO FUND I, LP AT COST 135,259 184,089
    FULCRUM GROWTH FUND III QP, LLC AT COST 182,913 182,527
    GCM GROSVEOR MACLELLAN INVESTMENT FUND LP AT COST 187,774 245,092
    H2OEY VENTURES AT COST 95,310 95,310
    KW STRATUS LLC AT COST 217,097 217,097
    MIDNIGHT PHARMA LLC AT COST 15,395 12,609
    PORTFOLIO ADVISORS SECONDARY FUND III, L.P. AT COST 196,475 221,785
    PS INSTITUTIONAL ONSHORE LP AT COST 669,416 660,468
    RELEVANCE CAPITAL III, LP AT COST 284,713 284,223
    RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC AT COST 1,523,538 1,706,367
    RESOLUTE CAPITAL PARTNERS FUND IV, LP AT COST 123,882 123,882
    RIVER VII LP AT COST 141,116 130,731
    SIGNIA VENTURE PARTNERS III, LP AT COST 15,910 15,347
    TENTH STREET FINANCIAL OPPORTUNITY FUND I, L.P.2 AT COST 96,641 96,641
    TENTH STREET FINANCIAL OPPORTUNITY FUND II LP AT COST 172,623 172,623
    VALOR VENTURE FUND II, L.P. AT COST 333,553 333,553

    TY 2018 OtherAssetsSchedule
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    RECEIVABLES ON SALE OF INVESTMENTS 908,026 692,667 692,667


    TY 2018 OtherExpensesSchedule
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PARTNERSHIPS PORTFOLIO DEDUCTIONS 265 265   0
    TECHNOLOGY 4,290 215   4,075
    CONSULTING EXPENSE 42,044 0   42,044
    INSURANCE 1,395 70   1,325
    TRAINING 1,799 0   1,799
    OFFICE EXPENSE 1,587 79   1,508
    GUEST EXPENSE AND MEALS 1,288 0   1,288
    BOARD AND TRUSTEE EXPENSES 1,509 0   1,509
    PARTNERSHIPS PORTFOLIO DEDUCTIONS 29,183 29,183   0
    OTHER PARTNERSHIPS DEDUCTIONS 193,120 193,120   0
    INVESTMENT AND MANAGEMENT FEES 45,735 45,735   0
    OTHER MISC 412 412   0
    NONDEDUCTIBLE EXPENSES FROM PARTNERSHIPS 999 0   0
    PASSTHROUGH DEDUCTION UNDER SECTION 965(C) 18 18   0


    TY 2018 OtherIncomeSchedule2
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIPS ORDINARY INCOME -564 -564 -564
    PARTNERSHIPS ROYALTIES 3 3 3
    PARTNERSHIPS OTHER PORTFOLIO INC 73,197 73,197 73,197
    PARTNERSHIPS OTHER INCOME 180,828 180,828 180,828
    PARTNERSHIPS RENTAL INCOME -6,940 -6,940 -6,940
    PARTNERSHIPS SUBPART F INCOME 11,379 11,379 11,379
    UNRELATED BUSINESS INCOME FROM PASSTHROUGH -25,700   -25,700
    SECTION 965(A) INCOME INCLUSION 36 36 36


    TY 2018 TaxesSchedule
    Name:
    CHRISTIAN EDUCATION CHARITABLE TRUST
     
    C/O H O MACLELLAN JR
    EIN:
    23-7412895
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD FROM DIVIDENDS 5,679 5,679   0
    FOREIGN TAXES WITHHELD FROM PARTNERSHIP INCOME 8,326 8,326   0
    STATE EXCISE TAX 133 0   0