Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE RATLIFF CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1900 CRESTWOOD BOULEVARD NO 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35210
A Employer identification number

63-1198327
B Telephone number (see instructions)

(205) 951-4479
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$14,185,501J 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) 3,306
2 Check bullet.............
3 Interest on savings and temporary cash investments 9,171 9,171  
4 Dividends and interest from securities... 220,513 212,203  
5a Gross rents............ 117,606 117,606  
b Net rental income or (loss) -247,701
6a Net gain or (loss) from sale of assets not on line 10 271,850
b Gross sales price for all assets on line 6a 7,992,096
7 Capital gain net income (from Part IV, line 2)... 271,850
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 78,181 82,409  
12 Total. Add lines 1 through 11........ 700,627 693,239  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,500 2,250   2,250
c Other professional fees (attach schedule).... Click to see attachment 236,478 236,478   0
17 Interest............... 4,150 4,150   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,070 6,070   0
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 attachment 365,307 365,307   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 616,505 614,255   2,250
25 Contributions, gifts, grants paid....... 716,550 716,550
26 Total expenses and disbursements. Add lines 24 and 25 1,333,055 614,255   718,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -632,428
b Net investment income (if negative, enter -0-) 78,984
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......... 555,851 241,702 241,702
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)....... 8,921,055 Click to see attachment9,329,656 8,841,359
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).......... 5,672,739 Click to see attachment4,945,859 5,102,440
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) 15,149,645 14,517,217 14,185,501
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..................    
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 15,149,645 14,517,217
30 Total net assets or fund balances (see instructions)..... 15,149,645 14,517,217
31 Total liabilities and net assets/fund balances (see instructions). 15,149,645 14,517,217
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
15,149,645
2
Enter amount from Part I, line 27a .....................
2
-632,428
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
14,517,217
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
14,517,217
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 ALTRA INDUSTRIA MOTION   2018-09-21 2018-10-02
b BLUE BIRD CORP   2018-09-19 2018-10-22
c BLUE BIRD CORP   2018-09-19 2018-10-19
d CHARACTER GROUP PLC   2017-10-03 2018-03-21
e CHARACTER GROUP PLC   2017-10-03 2018-06-12
CREDIT ACCEPTANCE CORP   2017-10-02 2018-01-24
CREDIT ACCEPTANCE CORP   2017-10-02 2018-01-25
CREDIT ACCEPTANCE CORP   2017-10-02 2018-09-17
CREDIT ACCEPTANCE CORP   2017-10-02 2018-10-02
DART GROUP PLC   2017-10-03 2018-04-06
DART GROUP PLC   2017-10-03 2018-07-25
DART GROUP PLC   2017-10-03 2018-09-17
DECKERS OUTDOOR CORP   2017-10-02 2018-06-12
DECKERS OUTDOOR CORP     2018-11-02
GLOBAL SCAPE INC     2018-12-31
PULSE SEISMIC INC   2017-10-02 2018-06-12
RYANAIR HOLDINGS PLC   2018-08-10 2018-10-23
VIEMED HEALTHCARE INC   2018-03-05 2018-10-18
WILLDAN GROUP INC     2018-07-03
FORTIVE CORP   2018-09-21 2018-10-01
CHARACTER GROUP PLC   2017-10-03 2018-11-02
CREDIT ACCEPTANCE CORP   2017-10-02 2018-10-04
DECKERS OUTDOOR CORP   2017-10-02 2018-11-01
DECKERS OUTDOOR CORP   2017-10-02 2018-11-02
ECOLOGY & ENVIRON CL A     2018-10-18
ECOLOGY & ENVIRON CL A     2018-10-23
PULSE SEISMIC INC     2018-12-28
FIDELITY MED EQUIP & SYS PORT     2018-08-16
KINDER MORGAN INC   2018-04-02 2018-08-16
PIMCO TOTAL RETURN ESG   2017-12-27 2018-09-17
PIMCO SHORT TERM A     2018-12-31
PIMCO SHORT TERM C   2017-02-10 2018-01-26
US TREASURY NOTE   2018-03-20 2018-05-31
AMERISOURCEBERGEN   2018-02-05 2018-02-06
MCKESSON CORP   2018-02-01 2018-02-02
AT&T INC     2018-12-31
AETNA US HEALTHCARE MRG   2017-04-10 2018-08-16
AMERISOURCEBERGEN   2017-01-31 2018-08-16
ANTHEM INC   2017-01-31 2018-08-16
CVS HEALTH CORP   2017-01-31 2018-08-16
CARDINAL HEALTH INC     2018-04-13
CLEARBRIDGE MLP & MIDSTREAM   2015-08-28 2018-11-16
FIDELITY FDS EMERGING MKTS   2017-09-15 2018-10-22
FIDELITY CHEMS PORTF   2015-11-16 2018-12-31
JANUS HENDERSON EUROPEAN FUNDS   2015-09-25 2018-09-24
KAYNE ANDERSON MLP MIDSTREAM   2015-08-28 2018-11-16
KINDER MORGAN INC     2018-08-16
MATHEWS FDS INDIA INSTL   2017-09-12 2018-10-22
MCKESSON CORP   2017-01-31 2018-08-16
PIMCO SHORT TERM A   2017-02-10 2018-12-31
TEKLA HEALTHCARE INVS     2018-04-13
VANGUARD HEALTH CARE INVESTOR   2017-06-28 2018-12-31
VANGUARD FTSE EUROPE ETF   2017-06-13 2018-11-16
AT&T INC     2018-08-16
GKN PLC   2016-06-15 2018-01-12
SABRE CORP   2017-02-27 2018-01-31
ANTHEM INC   2016-02-17 2018-02-12
CBRE GROUP INC   2017-03-07 2018-02-12
GKN PLC   2016-06-15 2018-02-26
HILTON WORLDWIDE   2016-06-27 2018-02-12
MOODYS CORP   2017-03-08 2018-02-12
SABRE CORP   2017-02-27 2018-02-06
SLEEP NUMBER CORP   2017-07-18 2018-02-06
SOTHEBY CL A   2016-06-28 2018-03-13
CBRE GROUP INC   2017-03-07 2018-03-16
JONES LANG LASALLE INC   2017-03-07 2018-03-13
MASTERCARD INC   2017-03-27 2018-03-20
SLEEP NUMBER CORP   2016-05-06 2018-03-01
VISA INC   2017-04-24 2018-03-20
ASPEN INSURANCE HOLDINGS   2015-05-06 2018-06-22
AIRBUS SE   2017-10-03 2018-06-18
ANTHEM INC   2016-02-19 2018-04-27
SOTHEBY'S INC   2016-06-28 2018-04-16
CARDINAL HEALTH INC   2016-11-21 2018-05-22
EBRO PULEVA SA     2018-06-29
GKN   2016-06-28 2018-04-03
HOWDEN JOINERY GR   2017-07-11 2018-05-15
JONES LANG LASALLE INC   2016-12-06 2018-05-25
MOODYS CORP   2017-03-09 2018-05-01
SABRE CORP   2017-02-27 2018-06-29
EBRO PULEVA SA   2018-01-30 2018-07-09
ALPHABET INC   2017-07-21 2018-07-27
NATIONAL OILWELL VARCO INC   2015-02-17 2018-07-31
ALPHABET INC   2017-07-21 2018-08-14
NATIONAL OILWELL VARCO INC   2015-02-19 2018-08-21
VISA INC   2014-07-11 2018-08-14
VISA INC   2017-04-24 2018-08-14
CVS HEALTH CORP   2016-12-16 2018-09-05
SLEEP NUMBER CORP   2016-04-20 2018-09-07
ACI WORLDWIDE INC   2014-07-11 2018-10-23
AETNA INC   2017-03-07 2018-10-26
AXIS CAPITAL HOLDINGS   2017-11-06 2018-10-31
CVS HEALTH CORP   2016-12-15 2018-10-09
ORACLE CORP   2017-12-15 2018-10-02
PARKER HANNIFAN   2016-05-02 2018-10-11
SABRE CORP   2017-08-24 2018-10-16
SLEEP NUMBER CORP   2016-04-20 2018-10-30
CVS HEALTH CORP   2016-12-15 2018-11-14
MCKESSON CORP   2016-08-18 2018-11-21
ORACLE CORP   2014-07-11 2018-11-28
FIDELITY FUNDS PRIME RESERVES     2018-12-31
FROM PASSTHROUGH INVESTMENT K-1'S     2018-12-31
CAPITAL GAINS DIVIDENDS 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 9,015   8,706 309
b 1,755   2,276 -521
c 224   200 24
d 8,394   7,892 502
e 9,933   9,261 672
22,783   17,931 4,852
3,290   2,522 768
7,125   4,483 2,642
6,780   4,483 2,297
6,368   3,895 2,473
6,666   4,187 2,479
2,255   1,318 937
9,358   5,259 4,099
8,336   7,111 1,225
42,543   42,024 519
13,301   14,019 -718
752   864 -112
5,387   2,009 3,378
28,114   28,085 29
8,706   8,706 0
1,701   1,632 69
4,269   2,802 1,467
8,963   4,780 4,183
9,659   4,985 4,674
2,450   2,320 130
3,738   3,558 180
12,508   19,329 -6,821
334,636   300,100 34,536
120,598   97,693 22,905
222,393   229,813 -7,420
810,614   809,941 673
250,000   248,055 1,945
75,000   75,000 0
1,925     1,925
1,668     1,668
18,195     18,195
39,650   25,879 13,771
121,792   121,675 117
40,018   22,823 17,195
115,203   124,313 -9,110
118,591   146,288 -27,697
56,962   88,169 -31,207
355,954   400,050 -44,096
296,093   225,050 71,043
479,804   500,000 -20,196
44,376   70,092 -25,716
120,608   98,140 22,468
170,233   200,050 -29,817
95,227   102,869 -7,642
504,386   500,662 3,724
183,011   264,011 -81,000
222,558   220,050 2,508
461,935   499,980 -38,045
164,662   152,205 12,457
11,909   8,180 3,729
6,584   6,908 -324
10,996   5,982 5,014
6,164   5,162 1,002
27,231   16,977 10,254
11,153   5,875 5,278
6,573   4,615 1,958
39,185   42,753 -3,568
18,394   16,504 1,890
5,502   2,696 2,806
44,115   33,243 10,872
29,703   19,790 9,913
23,893   14,659 9,234
10,124   8,019 2,105
19,720   14,583 5,137
185,368   173,036 12,332
41,642   33,283 8,359
40,684   21,626 19,058
48,477   23,666 24,811
38,641   50,942 -12,301
47,047   47,956 -909
48,952   27,285 21,667
71,706   56,054 15,652
17,597   10,652 6,945
25,619   17,519 8,100
51,425   40,838 10,587
38,547   40,087 -1,540
19,816   15,525 4,291
64,540   73,183 -8,643
30,899   24,257 6,642
21,094   22,309 -1,215
13,059   5,015 8,044
17,834   11,648 6,186
84,020   91,627 -7,607
15,369   13,430 1,939
5,983   4,325 1,658
107,044   88,127 18,917
24,608   23,817 791
38,487   38,261 226
37,812   35,686 2,126
37,928   34,948 2,980
57,633   44,185 13,448
23,736   19,203 4,533
65,649   55,257 10,392
24,578   38,093 -13,515
120,866   108,421 12,445
454,836   454,893 -57
    31,601 -31,601
128,889     128,889
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       309
b       -521
c       24
d       502
e       672
      4,852
      768
      2,642
      2,297
      2,473
      2,479
      937
      4,099
      1,225
      519
      -718
      -112
      3,378
      29
      0
      69
      1,467
      4,183
      4,674
      130
      180
      -6,821
      34,536
      22,905
      -7,420
      673
      1,945
      0
      1,925
      1,668
      18,195
      13,771
      117
      17,195
      -9,110
      -27,697
      -31,207
      -44,096
      71,043
      -20,196
      -25,716
      22,468
      -29,817
      -7,642
      3,724
      -81,000
      2,508
      -38,045
      12,457
      3,729
      -324
      5,014
      1,002
      10,254
      5,278
      1,958
      -3,568
      1,890
      2,806
      10,872
      9,913
      9,234
      2,105
      5,137
      12,332
      8,359
      19,058
      24,811
      -12,301
      -909
      21,667
      15,652
      6,945
      8,100
      10,587
      -1,540
      4,291
      -8,643
      6,642
      -1,215
      8,044
      6,186
      -7,607
      1,939
      1,658
      18,917
      791
      226
      2,126
      2,980
      13,448
      4,533
      10,392
      -13,515
      12,445
      -57
      -31,601
      128,889
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 2 271,850
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 509,798 14,622,196 0.034865
2016 16,240 9,976,420 0.001628
2015 254,982 9,906,390 0.025739
2014 40,000 10,454,040 0.003826
2013 276,450 7,924,229 0.034887
2
Total of line 1, column (d) .....................
2
0.100945
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
0.020189
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
15,580,204
5
Multiply line 4 by line 3......................
5
314,549
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
790
7
Add lines 5 and 6........................
7
315,339
8
Enter qualifying distributions from Part XII, line 4,.............
8
718,800
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 1 790
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........................... 3 790
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- ..... 5 790
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 11,246
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 11,246
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 10,456
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet10,456 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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)
    bulletAL
    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 ofbulletCARL LESSMAN Telephone no.bullet (205) 951-4479

    Located atbullet1900 CRESTWOOD BOULEVARD SUITE 300BIRMINGHAMAL ZIP+4bullet35210
    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
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WILLIAM T RATLIFF III PRES/TREAS/DIRECTOR
    1.00     		0 0 0
    1900 CRESTWOOD BOULEVARD SUITE 300
    BIRMINGHAM,AL35210
    CARL A LESSMAN DIRECTOR
    1.00     		0 0 0
    1900 CRESTWOOD BOULEVARD SUITE 300
    BIRMINGHAM,AL35210
    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  
    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
    11,473,688
    b
    Average of monthly cash balances.......................
    1b
    449,602
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,894,176
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,817,466
    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
    15,817,466
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    237,262
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,580,204
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    779,010
    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
    779,010
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    790
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    790
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    778,220
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    778,220
    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
    778,220
    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
    718,800
    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
    718,800
    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
    790
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    718,010
    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 7 778,220
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 703,436
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 718,800
    a Applied to 2017, but not more than line 2a 703,436
    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..... 15,364
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		762,856
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    A EDUCATION PARTNERSHIP
    1 RETAIL DRIVE 3RD FLOOR WEST
    MONTGOMERY,AL36110     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    ALABAMA COALITION FOR IMMIGRANT JUSTICE
    1826 6TH AVENUE SOUTH
    IRONDALE,AL35210     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    ALAQUEST COLLABORATIVE FOR EDUCATION
    PO BOX 550241
    BIRMINGHAM,AL35255     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    COMMUNITY FOUNDATION OF GREATER BIRMINGHAM
    2100 FIRST AVENUE N STE 700
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    ECUMENICAL MINISTRIES INC
    102 W SPRUCE AVE
    FOLEY,AL36535     		NONE PUBLIC CHARITY GENERAL SUPPORT 20,000
    EL FUTURO INC
    136 EAST CHAPEL STREET
    DURHAM,NC27701     		NONE PUBLIC CHARITY GENERAL SUPPORT 11,250
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL36104     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    FRACTURED ATLAS INC
    248 WEST 35TH STREET 10TH FLOOR
    NEW YORK,NY10001     		NONE PUBLIC CHARITY GENERAL SUPPORT 11,000
    HIGHLANDER RESEARCH & EDUCATION CENTER
    1959 HIGHLANDER WAY
    NEW MARKET,TN37820     		NONE PUBLIC CHARITY GENERAL SUPPORT 130,900
    INDIANAPOLIS MONUMENTAL MARATHON INC
    202 E MARKET STREET
    INDIANAPOLIS,IN46204     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    METRO WEST MINISTRIES
    6101 DR MARTIN LUTHER KING JR DRIVE
    FAIRFIELD,AL35064     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    NATIONAL CONFERENCE FOR COMMUNITY & JUSTICE
    820A PROSPECT HILL ROAD
    WINDSOR,CT06095     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    NEW YORK CARES INC
    65 BROADWAY 19TH FLOOR
    NEW YORK,NY10006     		NONE PUBLIC CHARITY GENERAL SUPPORT 7,500
    OASIS COUNSELING CENTER
    1900 14TH AVENUE SOUTH
    BIRMINGHAM,AL35205     		NONE PUBLIC CHARITY GENERAL SUPPORT 32,500
    PROJECT SOUTH
    9 GAMMON AVE SE
    ATLANTA,GA30315     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    ROTARY CLUB FOUNDATION OF BIRMINGHAM
    2019 4TH AVENUE NORTH
    BIRMINGHAM,AL35203     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    REVERSE THE CYCLE OF INCARCERATION
    PO BOX 90338
    EAST POINT,GA30364     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    SHARED INTEREST INC
    121 W 27TH STREET STE 805
    NEW YORK,NY10001     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    SOUTHSIDE BAPTIST CHURCH
    1016 19TH STREET SOUTH
    BIRMINGHAM,AL35205     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    SPRING VALLEY SCHOOL FOUNDATION
    2701 SYDNEY DRIVE
    BIRMINGHAM,AL35211     		NONE PUBLIC CHARITY GENERAL SUPPORT 70,000
    ST JUDES CHILDRENS RESEARCH HOSPITAL INC
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    ST LUKES EPISCOPAL CHURCH
    3736 MONTROSE ROAD
    BIRMINGHAM,AL35213     		NONE PUBLIC CHARITY GENERAL SUPPORT 30,000
    UNITED METHODIST CHILDRENS HOME
    898 ARKADELPHIA ROAD
    BIRMINGHAM,AL35204     		NONE PUBLIC CHARITY GENERAL SUPPORT 30,000
    UNDER HIS WINGS INC
    23640 MILDORF ROAD
    ROBERTSDALE,AL36567     		NONE PUBLIC CHARITY GENERAL SUPPORT 11,000
    BIRMINGHAM EDUCATION FOUNDATION
    901 9TH AVENUE N
    BIRMINGHAM,AL35204     		NONE PUBLIC CHARITY GENERAL SUPPORT 30,000
    GRASSROOTS INTERNATIONAL
    179BOYLSTON STREET 4TH FLOOR
    BOSTON,MA02130     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    SLOSS FURNACES FOUNDATION INC
    20 32ND ST N
    BIRMINGHAM,AL35222     		NONE PUBLIC CHARITY GENERAL SUPPORT 12,500
    SPORTMEN'S TENNIS & ENRICHMENT CENTER
    950 BLUE HILL AVENUE
    DORCHESTER,MA02124     		NONE PUBLIC CHARITY GENERAL SUPPORT 15,000
    YOUTH SERVE INC
    2717 7TH AVENUE SOUTH 105
    BIRMINGHAM,AL35233     		NONE PUBLIC CHARITY GENERAL SUPPORT 20,000
    YOUTH TOWERS INC
    1916 LINDEN DRIVE
    BIRMINGHAM,AL35214     		NONE PUBLIC CHARITY GENERAL SUPPORT 25,000
    WIREGRASS HABITAT FOR HUMANITY
    2086 MONTGOMERY HWY
    DOTHAN,AL36303     		NONE PUBLIC CHARITY GENERAL SUPPORT 10,000
    YWCA OF CENTRAL ALABAMA
    309 23RD ST N
    BIRMINGHAM,AL35244     		NONE PUBLIC CHARITY GENERAL SUPPORT 26,900
    UNITED WAY OF WEST CENTRAL MISSISSIPPI
    920 SOUTH STREET
    VICKSBURG,MS39180     		NONE PUBLIC CHARITY GENERAL SUPPORT 5,000
    Total .................................bullet 3a 716,550
    bApproved for future payment
    Total .................................bullet 3b 0
    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 9,171  
    4 Dividends and interest from securities....     14 220,513  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 -247,701  
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 82,409  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 271,850  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFORTRESS SPECIAL OPPORTUNITIES ASP FUND     		523000 8,869      
    bSTERLING FOREST LLC 523000 -13,097      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -4,228 336,242 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    332,014
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,500 2,250   2,250

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS HELD - TD AMERITRADE 5,705,679 5,288,141
    INVESTMENTS HELD - VULCAN VALUE PARTNERS LLC 2,708,494 2,686,378
    INVESTMENTS HELD - INTERACTIVE BROKERS 915,483 866,840

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN GRAHAM COMMERCIAL PROPERTIES LLC AT COST 560,459 1,022,580
    INVESTMENT IN INDEPENDENCE PLAZA PARTNERS AT COST 287,964 287,964
    INVESTMENT IN MAXEX LLC AT COST 107,516 0
    INVESTMENTS HELD - WELLS FARGO AT COST 1,376,827 1,208,264
    INVESTMENT IN BIRMINGHAM FINANCIAL CENTER LLC AT COST 195,535 195,535
    INVESTMENT IN CONCORD APARTMENTS LLC AT COST 74,247 74,247
    INVESTMENT IN STERLING SELF STORAGE III LP AT COST 203,166 203,166
    INVESTMENT IN STERLING FOREST LLC AT COST 152,745 152,745
    INVESTMENT IN SEER CAPITAL COMMERCIAL REAL ESTATE DEBT FD I AT COST 246,175 292,029
    INVESTMENT IN CRAYHILL PRINCIPAL STRATEGIES AT COST 259,819 187,210
    INVESTMENT IN PARK OASIS AT UNIVERSITY LLC AT COST 463,142 463,142
    INVESTMENT IN ARCH LAKEWOOD ON HENDERSON LP AT COST 189,122 189,122
    INVESTMENT IN FOUR MILE COVE HOLDING LLC AT COST 469,803 469,803
    INVESTMENT IN STERLING SELF STORAGE FUND IV AT COST 56,662 56,662
    INVESTMENT IN PARC AT POOLER AT COST 252,706 250,000
    INVESTMENT IN STERLING REAL ESTATE FUND II LP AT COST 49,971 49,971

    TY 2018 OtherExpensesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NET RENTAL LOSS 53,861 53,861   0
    NET RENTAL LOSS 25,257 25,257   0
    NET RENTAL LOSS 107,108 107,108   0
    NET RENTAL LOSS 30,197 30,197   0
    NET RENTAL LOSS 23,713 23,713   0
    NET RENTAL LOSS 3,449 3,449   0
    NET RENTAL LOSS 29 29   0
    NET RENTAL LOSS 121,693 121,693   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PORTFOLIO INCOME CRAYHILL FUND 6,689 6,689 6,689
    OTHER PORTFOLIO INCOME KKR SPEC SITUATIONS II ASP 4,284 4,284 4,284
    OTHER PORTFOLIO INCOME PARC AT POOLER 5,794 5,794 5,794
    OTHER PORTFOLIO INCOME SEER CAPITAL PARTNERS ASP FUND 4,247 4,247 4,247
    OTHER PORTFOLIO INCOME CRE DEBT FUND 18,947 18,947 18,947
    OTHER PORTFOLIO INCOME TRICADIA CREDIT STRATEGIES II ASP FUND 11,824 11,824 11,824
    OTHER PORTFOLIO INCOME FORTRESS SPECIAL OPPTY ASP FUND 30,624 30,624 30,624
    FORTRESS SPECIAL OPPORTUNITIES ASP FUND 8,869   8,869
    STERLING FOREST LLC -13,097   -13,097


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 236,080 236,080   0
    K-1 PORTFOLIO DEDUCTIONS 398 398   0


    TY 2018 TaxesSchedule
    Name:
    THE RATLIFF CHARITABLE FOUNDATION
    EIN:
    63-1198327
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 6,070 6,070   0