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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 11-01-2017 , and ending 10-31-2018
Name of foundation
Kane Family Foundation Inc
 
% AMERICAN NATIONAL BANK
Number and street (or P.O. box number if mail is not delivered to street address)6510-A SOUTH ACADEMY BLVD BOX 285
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLORADO SPRINGS, CO80906
A Employer identification number

90-0689673
B Telephone number (see instructions)

(719) 381-5629
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$29,046,996J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 25,623 25,623  
4 Dividends and interest from securities... 645,120 645,120  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,325,482
b Gross sales price for all assets on line 6a 4,219,778
7 Capital gain net income (from Part IV, line 2)... 1,325,482
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,996,225 1,996,225  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 126,000 31,500   94,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 17,833 17,833    
c Other professional fees (attach schedule).... Click to see attachment 99,623 99,623    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,597 2,612    
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 2,875 2,000   667
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 254,928 153,568   95,167
25 Contributions, gifts, grants paid....... 1,533,384 1,671,785
26 Total expenses and disbursements. Add lines 24 and 25 1,788,312 153,568   1,766,952
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 207,913
b Net investment income (if negative, enter -0-) 1,842,657
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 898,702 1,072,310 1,072,310
2 Savings and temporary cash investments.........      
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) 888,451 Click to see attachment248,958 248,958
b Investments—corporate stock (attach schedule)....... 23,860,010 Click to see attachment22,690,882 22,690,882
c Investments—corporate bonds (attach schedule)....... 4,074,680 Click to see attachment4,980,575 4,980,575
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment31,553 Click to see attachment54,271 Click to see attachment54,271
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,753,396 29,046,996 29,046,996
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) Click to see attachment4,392,559 Click to see attachment4,179,159
23 Total liabilities (add lines 17 through 22)......... 4,392,559 4,179,159
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 25,360,831 24,867,837
29 Total net assets or fund balances (see instructions)..... 25,360,831 24,867,837
30 Total liabilities and net assets/fund balances (see instructions). 29,753,390 29,046,996
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
25,360,831
2
Enter amount from Part I, line 27a .....................
2
207,913
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
-700,907
4
Add lines 1, 2, and 3 ..........................
4
24,867,837
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,867,837
Form 990-PF (2019)
Form 990-PF (2019)
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 50 NESTLE SA ADR   2011-04-29 2018-04-10
b 100 MICROSOFT   2011-04-29 2018-04-10
c 125 NIKE   2011-04-29 2018-04-10
d 15000 PFIZER 4.65% 3/1/18   2011-04-29 2018-03-01
e 25000 PEPSICO 5% 6/1/18   2011-04-29 2018-06-01
20 GOOGLE   2016-12-14 2017-11-17
5 GOOGLE   2016-12-14 2017-11-22
100000 JP MORGAN CHASE 6%, 1/15/18   2016-07-13 2018-01-16
15463.92 FEDERATED INST. HI YIELD BOND   2016-11-22 2018-07-20
100000 MEDTRONIC 5.6%, 3/15/19   2016-07-13 2018-04-27
200 WALT DISNEY CO   2016-01-22 2017-11-17
300 WALT DISNEY CO   2016-01-22 2017-11-22
7583.42 FEDERATED INST. HI YIELD BOND   2016-08-31 2018-07-20
150 ZIMMER BIOMET HOLDINGS INC   2015-12-01 2017-11-17
250 ZIMMER BIOMET HOLDINGS INC   2015-12-01 2017-11-22
190.53 FEDERATED INST. HI YIELD BOND   2016-07-28 2018-07-20
400 WELLS FARGO & CO   2015-11-02 2017-11-17
800 WELLS FARGO & CO   2015-11-02 2017-11-22
100 FEDEX   2015-07-15 2017-11-17
250 FEDEX   2015-07-15 2017-11-22
100000 HONDA, 2.125%, 10/10/18   2016-04-25 2018-10-10
250 ISHARES ALL COUNTRY ASIA   2015-03-27 2017-11-17
225 ISHARES ALL COUNTRY ASIA   2015-03-27 2017-11-22
100000 BNP PARIBAS, 2.7% 8/20/18   2015-12-08 2018-08-30
100000 COCA-COLA 1.15% 4/1/16   2015-02-13 2018-04-02
100000 CHEVRON 1.104%, 12/5/17   2014-08-22 2017-12-06
100000 APPLE 1%, 5/3/18   2014-08-20 2018-05-03
700 ATT   2013-12-10 2017-11-17
1700 ATT   2013-12-10 2017-11-22
400000 TN VALLEY AUTH. 1.75%, 10/15/18   2014-01-08 2018-10-15
230000 EL PASO CTY SD 1.25% 12/17   2013-01-30 2017-12-01
200 APPLE   2012-11-13 2017-11-17
425 APPLE   2012-11-13 2017-11-22
150 DIAGEO PLC   2011-08-17 2017-11-17
300 DIAGEO PLC   2011-08-17 2017-11-22
400 MICROSOFT   2010-03-17 2017-11-17
175 BECTON DICKINSON   2010-03-15 2017-11-17
800 MICROSOFT   2010-03-17 2017-11-22
300 BECTON DICKINSON   2010-03-15 2017-11-22
700 MICROSOFT   2010-03-17 2018-07-30
275 NESTLE SA ADR   2008-10-16 2017-11-17
575 NESTLE SA ADR   2008-10-16 2017-11-22
400 NIKE   2008-07-23 2017-11-17
1000 NIKE   2008-07-23 2017-11-22
125 BERKSHIRE HATHAWAY B SHARES   2008-06-02 2017-11-17
175 UNITED TECHNOLOGIES   2008-06-02 2017-11-17
200 BERKSHIRE HATHAWAY B SHARES   2008-06-02 2017-11-22
400 UNITED TECHNOLOGIES   2008-06-02 2017-11-22
900 NIKE   2008-07-23 2018-07-30
150 STRYKER   2007-10-02 2017-11-17
175 JOHNSON AND JOHNSON   2007-10-02 2017-11-17
150 ABBOTT LABS   2007-10-02 2017-11-22
125 JOHNSON AND JOHNSON   2007-10-02 2017-11-22
100 DANAHER   2007-01-01 2017-11-17
200 EMERSON ELECTRIC   2007-01-01 2017-11-17
75 FORTIVE CORP   2007-01-01 2017-11-17
225 ILLINOIS TOOL WORKS   2007-01-01 2017-11-17
250 ISHARES S&P MIDCAP 400 INDEX FUND   2007-01-01 2017-11-17
475 COCA-COLA   2007-01-01 2017-11-17
275 COLGATE PALMOLIVE   2007-01-01 2017-11-17
150 3M   2007-01-01 2017-11-17
350 ISHARES MSCI EAFE INDEX FUND   2007-01-01 2017-11-17
300 ISHARES RUSSELL 2000 INDEX FUND   2007-01-01 2017-11-17
50 STRYKER   2007-01-01 2017-11-17
225 AUTO DATA PROCESSING   2007-01-01 2017-11-17
750 ISHARES MSCI EAFE INDEX FUND   2007-01-01 2017-11-22
500 ISHARES S&P MIDCAP 400 INDEX FUND   2007-01-01 2017-11-22
600 ISHARES RUSSELL 2000 INDEX FUND   2007-01-01 2017-11-22
100 PEPSICO   2007-01-01 2017-11-22
325 STRYKER   2007-01-01 2017-11-22
500 COLGATE PALMOLIVE   2007-01-01 2017-11-22
500 EMERSON ELECTRIC   2007-01-01 2017-11-22
700 FORTIVE CORP   2007-01-01 2017-11-22
725 ABBOTT LABS   2007-01-01 2017-11-22
425 AUTO DATA PROCESSING   2007-01-01 2017-11-22
900 COCA-COLA   2007-01-01 2017-11-22
450 DANAHER   2007-01-01 2017-11-22
425 ILLINOIS TOOL WORKS   2007-01-01 2017-11-22
275 3M   2007-01-01 2017-11-22
250 AUTO DATA PROCESSING   2007-01-01 2018-07-30
175 SPDR TR. DJ REIT ETF   2004-10-28 2017-11-17
375 SPDR TR. DJ REIT ETF   2004-10-28 2017-11-22
150 DANAHER   2003-06-03 2017-11-17
200 EXXON MOBIL   2003-06-03 2017-11-17
175 FORTIVE CORP   2003-06-03 2017-11-17
450 ISHARES MSCI EMERGING MKT FUND   2003-06-03 2017-11-17
500 ISHARES MSCI EAFE INDEX FUND   2003-06-03 2017-11-17
250 PROCTER AND GAMBLE   2003-06-03 2017-11-17
125 ISHARES COHEN STEERS REALTY   2003-06-03 2017-11-17
450 ABBOTT LABS   2003-06-03 2017-11-17
500 PROCTER AND GAMBLE   2003-06-03 2017-11-22
125 ABBOTT LABS   2003-06-03 2017-11-22
325 ISHARES COHEN STEERS REALTY   2003-06-03 2017-11-22
425 ISHARES MSCI EMERGING MKT FUND   2003-06-03 2017-11-22
CLASS ACTION PROCEEDS   2010-01-01 2017-12-31
(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 3,951   1,848 2,103
b 9,182   2,927 6,255
c 8,525   1,820 6,705
d 15,000   13,968 1,032
e 25,000   24,644 356
20,456   15,706 4,750
5,091   3,926 1,165
100,000   106,891 -6,891
150,000   150,000  
102,572   111,255 -8,683
20,692   18,781 1,911
30,907   28,171 2,736
73,559   75,000 -1,441
16,668   15,196 1,472
27,994   25,326 2,668
1,848   1,859 -11
21,532   21,825 -293
43,242   43,650 -408
21,640   16,917 4,723
54,387   42,292 12,095
100,000   102,180 -2,180
18,830   15,956 2,874
17,330   14,360 2,970
100,000   102,109 -2,109
100,000   99,490 510
100,000   99,752 248
100,000   98,574 1,426
23,622   24,157 -535
58,776   58,666 110
400,000   400,496 -496
230,000   234,568 -4,568
33,977   15,963 18,014
72,144   33,920 38,224
20,238   11,524 8,714
41,140   23,049 18,091
33,280   11,708 21,572
38,449   13,837 24,612
65,954   23,416 42,538
66,460   23,721 42,739
76,857   20,489 56,368
23,231   10,167 13,064
49,024   21,257 27,767
22,517   5,825 16,692
59,105   14,563 44,542
22,731   10,771 11,960
20,602   12,314 8,288
36,261   17,233 19,028
46,522   28,146 18,376
70,276   13,106 57,170
23,256   10,301 12,955
24,333   11,485 12,848
8,270   8,120 150
17,227   8,204 9,023
9,278   2,547 6,731
12,070   6,511 5,559
5,417   907 4,510
35,178   9,712 25,466
45,444   19,288 26,156
22,358   10,552 11,806
20,036   6,459 13,577
34,127   10,463 23,664
23,973   13,999 9,974
43,718   19,423 24,295
7,752   2,308 5,444
25,007   6,962 18,045
51,820   29,998 21,822
92,004   38,575 53,429
89,285   38,846 50,439
11,548   4,881 6,667
50,279   15,002 35,277
36,031   11,743 24,288
30,081   16,278 13,803
51,100   8,462 42,638
39,973   31,520 8,453
46,938   13,150 33,788
41,177   19,994 21,183
42,063   11,462 30,601
67,719   18,344 49,375
64,053   19,183 44,870
34,815   7,735 27,080
16,517   10,521 5,996
35,318   22,545 12,773
13,918   3,374 10,544
16,306   7,408 8,898
12,641   1,868 10,773
20,549   8,765 11,784
34,247   30,583 3,664
22,015   11,441 10,574
12,894   7,977 4,917
24,712   17,359 7,353
44,150   22,883 21,267
6,892   4,822 2,070
33,403   20,739 12,664
19,966   8,278 11,688
348     348
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       2,103
b       6,255
c       6,705
d       1,032
e       356
      4,750
      1,165
      -6,891
       
      -8,683
      1,911
      2,736
      -1,441
      1,472
      2,668
      -11
      -293
      -408
      4,723
      12,095
      -2,180
      2,874
      2,970
      -2,109
      510
      248
      1,426
      -535
      110
      -496
      -4,568
      18,014
      38,224
      8,714
      18,091
      21,572
      24,612
      42,538
      42,739
      56,368
      13,064
      27,767
      16,692
      44,542
      11,960
      8,288
      19,028
      18,376
      57,170
      12,955
      12,848
      150
      9,023
      6,731
      5,559
      4,510
      25,466
      26,156
      11,806
      13,577
      23,664
      9,974
      24,295
      5,444
      18,045
      21,822
      53,429
      50,439
      6,667
      35,277
      24,288
      13,803
      42,638
      8,453
      33,788
      21,183
      30,601
      49,375
      44,870
      27,080
      5,996
      12,773
      10,544
      8,898
      10,773
      11,784
      3,664
      10,574
      4,917
      7,353
      21,267
      2,070
      12,664
      11,688
      348
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 1,325,482
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))
2018 2,226,124 28,409,698 0.078358
2017 1,576,855 27,136,888 0.058107
2016 1,167,321 27,978,489 0.041722
2015 1,598,262 28,247,940 0.05658
2014 1,264,140 26,180,047 0.048286
2
Total of line 1, column (d) .....................
2
0.283053
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
0.056611
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
29,767,479
5
Multiply line 4 by line 3......................
5
1,685,167
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
18,427
7
Add lines 5 and 6........................
7
1,703,594
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,766,952
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 (2019)
Form 990-PF (2019)
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 18,427
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 18,427
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 18,427
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 461
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 18,888
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletCO
    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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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 addressbulletWWW.KANEFAMILYFOUNDATION.ORG
    14
    The books are in care ofbulletAMERICAN NATIONAL BANK Telephone no.bullet (719) 471-4290

    Located atbullet15 WEST CIMARRON STREETCOLORADO SPRINGSCO ZIP+4bullet80903
    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 2019, 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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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
    Yes
     
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    GREGORY L JOHNSON CO-TRUSTEE
    0     		42,000 0 0
    6510-A SOUTH ACADEMY BLVD BOX 285
    COLORADO SPRINGS,CO80906
    WILLIAM S CORRIGAN CO-TRUSTEE
    0     		42,000 0 0
    6510-A SOUTH ACADEMY BLVD BOX 285
    COLORADO SPRINGS,CO80906
    TAD A GOODENBOUR CO-TRUSTEE
    0     		42,000 0 0
    111 S TEJON STREET SUITE 800
    COLORADO SPRINGS,CO80903
    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
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    28,324,392
    b
    Average of monthly cash balances.......................
    1b
    1,843,075
    c
    Fair market value of all other assets (see instructions)................
    1c
    53,324
    d
    Total (add lines 1a, b, and c).........................
    1d
    30,220,791
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    30,220,791
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    453,312
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    29,767,479
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,488,374
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,488,374
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    18,427
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,427
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,469,947
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    180,931
    5
    Add lines 3 and 4............................
    5
    1,650,878
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,650,878
    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
    1,766,952
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,766,952
    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
    18,427
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,748,525
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 1,650,878
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:2015, 2014, 2013 209,785
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016...... 0
    d From 2017...... 29,000
    e From 2018...... 836,409
    fTotal of lines 3a through e........ 865,409
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 1,766,952
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2019 distributable amount..... 1,650,878
    e Remaining amount distributed out of corpus 116,074
    5 Excess distributions carryover applied to 2019.    
    (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 5 981,483
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		209,785
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		209,785
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		981,483
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016.... 0
    c Excess from 2017.... 29,000
    d Excess from 2018.... 836,409
    e Excess from 2019.... 116,074
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CONTACT THE TRUSTEES
    6510-A SOUTH ACADEMY BLVD BOX 285
    COLORADO SPRINGS,CO80906
    (719) 381-5629
    bThe form in which applications should be submitted and information and materials they should include:
    PLEASE CONTACT THE TRUSTEES TO RECEIVE DETAILS OF SCHOLARSHIP FORMS AND REQUIREMENTS. INFORMATION IS ALSO AVAILABLE THROUGH LINKS ON THE FOUNDATION'S WEBSITE AT: WWW.KANEFAMILYFOUNDATION.ORG
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS WILL ONLY BE MADE FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AWARDS ARE LIMITED TO SCHOLARSHIPS FOR EDUCATION AND FOR QUALIFIED MEDICAL RESEARCH.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    UNIVERSITY OF COLORADO FOUNDATION
    1420 AUSTIN BLUFFS PKWY
    COLORADO SPRINGS,CO80918     		NON-AFFILIATE PC SCHOLARSHIPS 1,146,455
    PIKES PEAK COMMUNITY COLLEGE FOUNDATION
    5675 S ACADEMY BLVD
    COLORADO SPRINGS,CO80906     		NON-AFFILIATE PC SCHOLARSHIPS 137,152
    COLORADO STATE UNIVERSITY-PUEBLO Foundation
    220 BONFORTE BLVD
    PUEBLO,CO810014901     		NON-AFFILIATE PC SCHOLARSHIPS 352,465
    TRINIDAD State education Foundation
    600 PROSPECT STREET
    TRINIDAD,CO81082     		NON-AFFILIATE PC SCHOLARSHIPS 25,505
    LAMAR COMMUNITY COLLEGE
    2401 S MAIN ST
    LAMAR,CO81052     		NON-AFFILIATE PC SCHOLARSHIPS 21,144
    PUEBLO COMMUNITY COLLEGE FOundation
    900 WEST ORMAN AVENUE
    PUEBLO,CO810041499     		NON-AFFILIATE PC SCHOLARSHIPS 44,332
    OTERO COMMUNITY COLLEGE
    1802 COLORADO AVENUE
    LA JUNTA,CO81050     		NON-AFFILIATE PC SCHOLARSHIPS 19,732
    Total .................................bullet 3a 1,746,785
    bApproved for future payment
    FUTURE COLLEGE SCHOLARSHIP FUNDING 2018-2019
    6510-A SOUTH ACADEMY BLVD BOX 285
    COLORADO SPRINGS,CO80906     		NON-AFFILIATE PC SCHOLARSHIPS 1,230,683
    FUTURE COLLEGE SCHOLARSHIP FUNDING 2019-2020
    6510-A SOUTH ACADEMY BLVD BOX 285
    Colorado Springs,CO80906     		NON-AFFILIATE PC SCHOLARSHIPS 1,549,549
    FUTURE COLLEGE SCHOLARSHIP FUNDING 2020-2021
    6510-A SOUTH ACADEMY BLVD BOX 285
    Colorado Springs,CO80906     		NON-AFFILIATE PC SCHOLARSHIPS 993,069
    FUTURE COLLEGE SCHOLARSHIP FUNDING 2021-2022
    6510-A SOUTH ACADEMY BLVD BOX 285
    Colorado Springs,CO80906     		NON-AFFILIATE PC SCHOLARSHIPS 405,858
    Total .................................bullet 3b 4,179,159
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 25,623  
    4 Dividends and interest from securities....     14 645,120  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,325,482  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,996,225  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,996,225
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2017 DepreciationSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLSTATE 3.15% 6/15/23 108,017 108,017
    APPLE 1%, 5/3/18    
    AZ PUB SERV. 2.2% 1/15/20 123,556 123,556
    BANK OF NOVA SCOTIA 2.05% 125,000 125,000
    BERKSHIRE 3.75%, 8/20/18 152,485 152,485
    BK OF NY MELLON, 2.5%, 4/15/21 97,996 97,996
    BLACKROCK 5% 12/10/19 209,412 209,412
    BNP PARIBAS, 2.7% 8/20/18    
    CATEPILLAR 2% 3/5/20 98,574 98,574
    CHEVRON 1.104%, 12/5/17    
    COCA-COLA 1.15% 4/1/16    
    COLGATE PALMOLIVE 1.5% 11/01/1 125,000 125,000
    COMCAST 3% 2/1/24 120,319 120,319
    EMC 2.65% 6/1/20 97,289 97,289
    HONDA, 2.125%, 10/10/18    
    FHLB 2.375% 12/13/19 199,080 199,080
    GOOGLE 3.375 2/25/24 149,661 149,661
    HSBC 3.262% 3/13/23 97,683 97,683
    JOHN DEERE 3.9%, 7/12/21 152,571 152,571
    JOHNSON & JOHNSON 1.65% 12/5/2 99,919 99,919
    JP MORGAN 3.25% 9/23/22 147,937 147,937
    LOWES 3.125% 9/15/24 145,906 145,906
    MEDTRONIC 5.6%, 3/15/19    
    MICROSOFT 2.375% 2/12/22 97,237 97,237
    MONSANTO 2.125% 7/15/19 118,740 118,740
    MORGAN STANLEY 2.65% 1/27/20 124,090 124,090
    ORACLE 1.9%, 9/15/21 144,048 144,048
    PNC 2.854% 11/9/22 96,723 96,723
    PROLOGIS 4.25% 8/15/23 113,040 113,040
    SIMON PROP 2.75% 2/1/23 96,351 96,351
    SOUTHERN CAL EDISON 3.875% 6/1 100,551 100,551
    TORONTO DOMINION 2.25%, 11/5/1 99,204 99,204
    TOYOTA 2.125% 7/18/19 223,915 223,915
    U.S. TREAS. BOND 8.125% 8/15/1 208,446 208,446
    U.S. TREAS. BOND 8.5% 2/15/20 214,312 214,312
    U.S. TREAS. BOND 8.75% 8/15/20 220,274 220,274
    UNION PACIFIC 2.95%, 1/15/23 48,770 48,770
    UNITED HEALTH, 2.875%, 3/15/22 49,065 49,065
    UNITED TECHNOLOGIES 2.8% 5/4/2 117,588 117,588
    UPS 2.45% 10/1/22 120,373 120,373
    VISA 2.15% 9/15/22 95,510 95,510
    VISA 2.8% 12/14/22 97,443 97,443
    WAL-MART 3.25% 10/25/20 125,345 125,345
    WELLS FARGO 2.15% 1/30/20 123,376 123,376
    WESTPAC BANKING 2% 08/19/21 95,769 95,769
    PEPSICO 5% 6/1/18    
    PFIZER 4.65% 3/1/18    

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DREYFUS GLOBAL FIXED INC. FUND 398,194 398,194
    FEDERATED INST. HI YIELD BOND    
    JANUS HENDERSON MULTI-SECTOR I 246,644 246,644
    3M 551,754 551,754
    ABBOTT LABS 658,377 658,377
    APPLE 815,253 815,253
    ATT 288,392 288,392
    AUTO DATA PROCESSING 576,320 576,320
    BECTON DICKINSON 662,687 662,687
    BERKSHIRE HATHAWAY B SHARES 682,556 682,556
    COCA-COLA 502,740 502,740
    COLGATE PALMOLIVE 370,699 370,699
    DANAHER 606,340 606,340
    DIAGEO PLC 421,388 421,388
    EMERSON ELECTRIC 274,914 274,914
    EXXON MOBIL 478,080 478,080
    FEDEX 589,409 589,409
    FORTIVE CORP 486,337 486,337
    GOOGLE 511,466 511,466
    ILLINOIS TOOL WORKS 497,523 497,523
    ISHARES ALL COUNTRY ASIA 348,683 348,683
    ISHARES COHEN STEERS REALTY 276,136 276,136
    ISHARES MSCI EAFE INDEX FUND 1,180,494 1,180,494
    ISHARES MSCI EMERGING MKT FUND 408,243 408,243
    ISHARES RUSSELL 2000 INDEX FUN 907,681 907,681
    ISHARES S&P MIDCAP 400 INDEX F 910,250 910,250
    JOHNSON AND JOHNSON 601,957 601,957
    MCCORMICK & CO 396,000 396,000
    MICROSOFT 694,265 694,265
    NESTLE SA ADR 515,677 515,677
    NIKE 630,336 630,336
    PEPSICO 561,900 561,900
    PROCTER AND GAMBLE 447,834 447,834
    SPDR TR. DJ REIT ETF 311,264 311,264
    STARBUCKS CORP 466,160 466,160
    STRYKER 563,714 563,714
    UNITED TECHNOLOGIES 462,682 462,682
    VISA CLASS A 496,260 496,260
    WALT DISNEY CO 505,252 505,252
    WELLS FARGO & CO 447,132 447,132
    ZIMMER BIOMET HOLDINGS INC 295,334 295,334
    3M 47,565 47,565
    ABBOTT LABS 55,152 55,152
    APPLE 76,601 76,601
    ATT 26,845 26,845
    AUTO DATA PROCESSING 50,428 50,428
    BECTON DICKINSON 57,625 57,625
    BERKSHIRE HATHAWAY B SHARES 56,452 56,452
    COCA-COLA 43,092 43,092
    COLGATE PALMOLIVE 31,264 31,264
    DANAHER 49,700 49,700
    DIAGEO PLC 37,994 37,994
    EMERSON ELECTRIC 23,758 23,758
    EXXON MOBIL 31,872 31,872
    FEDEX 44,068 44,068
    FORTIVE CORP 40,837 40,837
    GOOGLE 37,687 37,687
    ILLINOIS TOOL WORKS 44,649 44,649
    ISHARES ALL COUNTRY ASIA 28,400 28,400
    ISHARES MSCI EAFE INDEX FUND 68,706 68,706
    ISHARES MSCI EMERGING MKT FUND 32,307 32,307
    ISHARES RUSSELL 2000 INDEX FUN 71,264 71,264
    ISHARES S&P MIDCAP 400 INDEX F 72,820 72,820
    JOHNSON AND JOHNSON 55,996 55,996
    MCCORMICK & CO 36,000 36,000
    MICROSOFT 64,086 64,086
    NESTLE SA ADR 46,118 46,118
    NIKE 54,404 54,404
    PEPSICO 53,381 53,381
    PROCTER AND GAMBLE 39,906 39,906
    STARBUCKS CORP 34,962 34,962
    STRYKER 56,777 56,777
    UNITED TECHNOLOGIES 34,158 34,158
    VISA CLASS A 37,909 37,909
    WALT DISNEY CO 48,803 48,803
    WELLS FARGO & CO 35,930 35,930
    ZIMMER BIOMET HOLDINGS INC 17,039 17,039

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    US Government Securities - End of Year Book Value:

    248,958
    US Government Securities - End of Year Fair Market Value:

    248,958
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2017 OtherAssetsSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED BOND INTEREST 31,553 54,271 54,271


    TY 2017 OtherExpensesSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND OTHER FEES 2,667 2,000   667
    SCHOLAR RECOGNITION 208      


    TY 2017 OtherIncomeSchedule2
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    foreign tax recovery      


    TY 2017 OtherIncreasesSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS -700,907


    TY 2017 OtherLiabilitiesSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Description Beginning of Year - Book Value End of Year - Book Value
    FUTURE FUNDING OBLIGATIONS 4,392,559 4,179,159


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 99,623 99,623    


    TY 2017 TaxesSchedule
    Name:
    Kane Family Foundation Inc
    EIN:
    90-0689673
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX ON INVESTMENTS 2,612 2,612    
    FEDERAL TAXES PAID 5,985