| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 37,500 | 18,750 | 18,750 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART VII-B, QUESTION 1A(3) | FORD ESTATES, LLC (2000 BRUSH ST., SUITE 440, DETROIT, MICHIGAN 48226-2251), IS A BUSINESS OFFICE MAINTAINED FOR, AND AT THE EXPENSE OF, VARIOUS MEMBERS OF THE FORD FAMILY WHO, WITH RESPECT TO THIS FUND, ARE "DISQUALIFIED PERSONS", INCLUDING PARTICULARLY THE FOLLOWING: LYNN F. ALANDT AND BENSON FORD, JR.FORD ESTATES, LLC SUPPLIES ACCOUNTING SERVICES AND OFFICE SERVICES (COLLECTING INCOME, DISTRIBUTION OF CONTRIBUTIONS, MAINTENANCE OF ACCOUNTS AND RECORDS, HANDLING CORRESPONDENCE, PREPARATION OF TAX RETURNS AND ANNUAL REPORTS, AND SIMILIAR MATTERS PERTAINING TO THE OFFICE OF TREASURER). SUCH SERVICES ARE PERFORMED BY THOMAS J. MOTSCHALL (TREASURER) AND BY OTHERS IN FORD ESTATES, LLC UNDER HIS SUPERVISION. NO COMPENSATION IS PAID BY BENSON & EDITH FORD FUND DIRECTLY TO THOMAS J. MOTSCHALL AS COMPENSATION FOR HIS SERVICES IN ANY OF THE CAPACITIES LISTED ABOVE OR OTHERWISE. IN 2018, BENSON & EDITH FORD FUND PAID FORD ESTATES, LLC $37,500 FOR FEES (AND EXPENSES) FOR ALL THE SERVICES REFERRED TO IN THIS PARAGRAPH. | |
| PART VII-B, QUESTION 1A(4) | DAVID P. LARSEN (SECRETARY) AND DAVID M. HEMPSTEAD (DIRECTOR) ARE PARTNERS IN THE LAW FIRM OF BODMAN PLC, 1901 ST. ANTOINE STREET, 6TH FLOOR, DETROIT, MICHIGAN 48226, WHICH FIRM ACTS AS THE ATTORNEYS FOR BENSON & EDITH FORD FUND. MR. LARSEN AND MR. HEMPSTEAD ARE THE PEOPLE IN THE FIRM PRINCIPALLY CONCERNED WITH SUCH LEGAL SERVICES TO THE FUND, BUT OTHERS IN THE FIRM ALSO RENDER LEGAL SERVICES TO THE FUND UNDER THEIR SUPERVISION. THE TIME SPENT BY MR. LARSEN AND MR. HEMPSTEAD STRICTLY IN THE LISTED OFFICIAL CAPACITIES CANNOT READILY BE SEPARATED FROM THAT SPENT IN PERFORMING LEGAL SERVICES REFERRED TO. IN 2018, BENSON & EDITH FORD FUND PAID TO SAID ATTORNEYS $1,939 FOR FEES (AND EXPENSES) FOR ALL THE SERVICES REFERRED TO IN THIS PARAGRAPH. | |
| PART XV, LINE 3 | THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROVIDE FINANCIAL SUPPORT TO CORPORATIONS, TRUSTS, COMMUNITY CHESTS, FUNDS OR FOUNDATIONS, ORGANIZED AND OPERATED SOLELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 250,000 UNITS BORGWARNER INC SR NT 8.000% DUE 10-01-19 | 263,117 | 259,122 |
| 300,000 UNITS BORGWARNER INC SR GLBL NT 4.625% DUE 09-15-20 | 312,665 | 303,807 |
| 250,000 UNITS WAL-MART STORES INC NT 3.625% DUE 07-08-20 | 256,723 | 252,517 |
| 250,000 UNITS KIMBERLY CLARK CORP NOTE MAKE WHOLE 3.875% DUE 03-01-21 | 259,853 | 253,757 |
| 200,000 UNITS MONSANTO CO NEW SR GLBL NT 2.750% DUE 07-15-21 | 199,394 | 195,080 |
| 250,000 UNITS COCA COLA CO NT 3.300% DUE 09-01-21 | 255,589 | 253,183 |
| 300,000 UNITS INTEL CORPORATION 3.300% DUE 10-01-21 | 304,785 | 303,177 |
| 100,000 UNITS CLOROX CO NOTE 3.800% DUE 11-15-21 | 102,432 | 102,024 |
| 150,000 UNITS COCA-COLA COMPANY 1.875% DUE 10-27-20 | 149,637 | 147,431 |
| 100,000 UNITS KROGER 2.300% DUE 01-15-19 | 100,287 | 99,965 |
| 300,000 UNITS MICROSOFT 1.850% DUE 02-06-20 | 301,196 | 297,822 |
| 100,000 UNITS AT&T 2.450% DUE 06-30-20 | 99,400 | 98,699 |
| 100,000 UNITS BOEING 2.125% DUE 03-01-22 | 99,740 | 97,050 |
| 100,000 UNITS ANHEUSER-BUSH INBEV FINANCE 3.300% DUE 02-01-23 | 102,328 | 97,235 |
| 250,000 UNITS FORD 2.597% DUE 11-04-19 | 249,257 | 247,240 |
| 100,000 UNITS ECOLAB 2.250% DUE 01-12-20 | 99,230 | 99,351 |
| 200,000 UNITS UNITED TECHNOLOGIES 1.900% DUE 05-04-20 | 196,787 | 196,268 |
| 100,000 UNITS CHEVRON 2.419% DUE 11-17-20 | 98,754 | 99,080 |
| 200,000 UNITS WALMART INC 1.900% DUE 12-15-20 | 195,786 | 196,862 |
| 150,000 UNITS CISCO SYS INC SR NT 2.900% DUE 03-04-21 | 148,791 | 150,260 |
| 250,000 UNITS BERKSHIRE HATHAWAY 2.200% DUE 03-15-21 | 247,101 | 246,720 |
| 100,000 UNITS BURLINGTON NORTHERN SANTA FE CP BOND 4.100% DUE 06-01-21 | 101,950 | 102,618 |
| 200,000 UNITS BERKSHIRE HATHAWAY FIN CORP 3.000% DUE 05-15-22 | 197,761 | 199,542 |
| 100,000 UNITS IBM CREDIT 1.625% DUE 09-06-19 | 99,079 | 99,029 |
| 100,000 UNITS ASTRAZENECA PLC NOTE 1.950% DUE 09-18-19 | 99,180 | 99,280 |
| ACCRUED INTEREST | 0 | 42,446 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 680 UNITS FORD COMMON | 49 | 5,202 |
| 2,500 UNITS ABBOTT LABS COM | 182,413 | 180,825 |
| 200 UNITS ADOBE SYSTEMS INC | 52,212 | 45,248 |
| 400 UNITS ALPHABET INC CL C | 129,704 | 414,244 |
| 350 UNITS AMAZON COM INC | 117,462 | 525,689 |
| 4,000 UNITS APPLE COMPUTER INC | 11,129 | 630,960 |
| 500 UNITS BECTON DICKINSON & CO | 113,895 | 112,660 |
| 450 UNITS BERKSHIRE HATHAWAY INC CL B | 98,252 | 91,881 |
| 500 UNITS BOEING CO | 119,066 | 161,250 |
| 2,500 UNITS CATERPILLAR INC | 54,804 | 317,675 |
| 1,000 UNITS CHENIERE ENERGY INC | 63,687 | 59,190 |
| 1,500 UNITS CISCO SYSTEMS INC | 68,412 | 64,995 |
| 1,000 UNITS CONOCOPHILLIPS | 62,102 | 62,350 |
| 1,600 UNITS CONTINENTAL RESOURCES INC/OK | 64,152 | 64,304 |
| 1,750 UNITS COSTCO WHOLESALE CORP | 120,608 | 356,492 |
| 300 UNITS DEERE & CO | 46,424 | 44,751 |
| 1,750 UNITS DISNEY WALT CO | 61,415 | 191,888 |
| 1,000 UNITS EDWARDS LIFESCIENCES CORP | 141,287 | 153,170 |
| 1,500 UNITS FACEBOOK | 45,919 | 196,635 |
| 1,750 UNITS HOME DEPOT INC | 96,837 | 300,685 |
| 2,250 UNITS HONEYWELL INTERNATIONAL INC | 238,557 | 297,270 |
| 600 UNITS IBM CORP | 67,974 | 68,202 |
| 800 UNITS JPMORGAN CHASE & CO | 88,807 | 78,096 |
| 600 UNITS LILLY ELI & CO | 68,917 | 69,432 |
| 750 UNITS MCDONALDS CORP | 127,452 | 133,178 |
| 1,750 UNITS MEDTRONIC PLC | 140,276 | 159,180 |
| 2,000 UNITS MICROSOFT CORP | 125,792 | 203,140 |
| 300 UNITS NETFLIX INC | 29,522 | 80,298 |
| 500 UNITS PALO ALTO NETWORKS INC | 90,365 | 94,175 |
| 400 UNITS PAYPAL INC | 33,516 | 33,636 |
| 1,500 UNITS PHILLIPS 66 | 134,404 | 129,225 |
| 350 UNITS PIONEER NATURAL RESOURCES CO | 45,147 | 46,032 |
| 750 UNITS RAYTHEON COMPANY | 91,815 | 115,013 |
| 1,000 UNITS SALESFORCE.COM, INC | 106,097 | 136,970 |
| 400 UNITS SHERWIN-WILLIAMS CO | 110,630 | 157,384 |
| 2,000 UNITS STRYKER CORP | 245,239 | 313,500 |
| 3,000 UNITS SUNTRUST BANKS INC | 168,480 | 151,320 |
| 500 UNITS UNITEDHEALTH GROUP INC | 115,167 | 124,560 |
| 3,750 UNITS US BANCORP | 160,648 | 171,375 |
| 2,500 UNITS VISA INC - CLASS A SHARES | 86,311 | 329,850 |
| 1,000 UNITS VULCAN MATERIALS CO | 105,862 | 98,800 |
| 1,500 UNITS WASTE MANAGEMENT INC | 83,012 | 133,485 |
| 1,500 UNITS ZOETIS INC | 136,415 | 128,310 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PACIFIC FUND I, LP - 6.0528% INTEREST | AT COST | 4,869,241 | 6,000,174 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 1,939 | 0 | 1,939 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| FEDERAL EXCISE TAX RECEIVABLE | 3,675 | 0 | 0 |
| PURCHASED INTEREST - COMERICA BANK RHB2 6221 | 0 | 2,390 | 2,390 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FILING FEE | 20 | 0 | 20 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FROM K-1 - PACIFIC FUND I, LP | 120,260 | 120,260 | 120,260 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| FEDERAL EXCISE TAX ACCRUED | 0 | 3,413 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES - COMERICA 3211 | 238 | 238 | 0 | |
| INVESTMENT FEES - COMERICA 3681 | 35,220 | 35,220 | 0 | |
| INVESTMENT FEES - COMERICA 6221 | 13,041 | 13,041 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 18,088 | 0 | 0 | |
| FOREIGN TAX | 457 | 457 | 0 |