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
HEBERT MEMORIAL SCHOLARSHIP FUND
KIM M GARDEY TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)100 HARROW LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAGINAW, MI486386095
A Employer identification number

26-2764191
B Telephone number (see instructions)

(989) 791-3880
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$1,738,612J 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      
4 Dividends and interest from securities... 47,002 47,002  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 72,663
b Gross sales price for all assets on line 6a 802,751
7 Capital gain net income (from Part IV, line 2)... 72,663
8 Net short-term capital gain.........  
9 Income modifications........... 24,100
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........ 119,665 119,665 24,100
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 1,575 0   1,575
c Other professional fees (attach schedule).... Click to see attachment 17,839 17,839   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,991 893   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 3,150 0   3,150
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,555 18,732   4,725
25 Contributions, gifts, grants paid....... 185,800 185,800
26 Total expenses and disbursements. Add lines 24 and 25 210,355 18,732   190,525
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -90,690
b Net investment income (if negative, enter -0-) 100,933
c Adjusted net income (if negative, enter -0-)... 24,100
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......... 132,556 50,074 50,074
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   241    
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) 115,714 0 0
b Investments—corporate stock (attach schedule)....... 1,081,201 Click to see attachment1,061,433 1,045,695
c Investments—corporate bonds (attach schedule)....... 513,125 Click to see attachment664,740 642,843
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,842,837 1,776,247 1,738,612
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 1,842,837 1,776,247
30 Total net assets or fund balances (see instructions)..... 1,842,837 1,776,247
31 Total liabilities and net assets/fund balances (see instructions). 1,842,837 1,776,247
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
1,842,837
2
Enter amount from Part I, line 27a .....................
2
-90,690
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
24,100
4
Add lines 1, 2, and 3 ..........................
4
1,776,247
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
1,776,247
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 331.11 SHS AIG FOCUSED DIV STRAT   2017-09-28 2018-06-25
b 46.63 SHS DOUBLELINE TOTAL RETURN     2018-06-25
c 130.43 SHS HOMESTEAD SMALL COMPANY     2018-06-25
d 9.56 SHS HOMESTEAD SMALL COMPANY   2017-12-22 2018-12-12
e 521.9 SHS INVESCO BULLETSHARES HIGH YIELD 2019     2018-10-15
532.46 SHS INVESCO BULLETSHARES HIGH YIELD 2020     2018-10-15
522.38 SHS INVESCO BULLETSHARES HIGH YIELD 2021     2018-10-15
535.61 SHS INVESCO BULLETSHARES HIGH YIELD 2022     2018-10-15
1,743.8 SHS INVESCO BULLESHARES HIGH YIELD 2023     2018-10-15
41.85 SHS METROPOLITAN WEST TOTAL RETURN BOND 1     2018-06-25
91.52 SHS PIMCO INCM CL A     2018-06-25
3.12 SHS POWERSHARES BULLETS   2018-04-09 2018-05-04
1.73 SHS SPDR S&P 600 SMALL CAP GROWTH   2018-06-22 2018-06-25
169 SHS XTRACKERS MSCI EAFE HDGDEQY   2017-09-28 2018-05-04
4688.4 SHS DOUBLELINE TOTAL RETURN BD FD CL 1     2018-06-25
1,060.65 SHS HOMESTEAD SMALL COMPANY STOCK FD     2018-12-12
1,339.85 SHS INVESCO BULLETSHARES 2019 HIGH YIELD     2018-10-15
1,329.17 SHS INVESCO BULLETSHARES 2020 HIGH YIELD     2018-10-15
1,312.33 SHS INVESCO BULLETSHARES 2021 HIGH YIELD     2018-10-15
1,303.99 SHS INVESCO BULLETSHARES 2022 HIGH YIELD     2018-10-15
4,722.24 SHS METROPOLITAN WEST TOTAL RETURN BOND 1     2018-06-25
1,796.76 SHS PIMCO INCM CL A     2018-06-25
2,506.99 SHS POWERSHRES BULLETSHARES   2015-04-27 2018-05-04
782.01 SHS PRIMECAP ODYSSEY AGGR GROWTH FD     2018-06-25
144.16 SHS SCHWAB TOTAL STOCK MKT INDEX     2018-06-25
145.26 SHS SPDR S&P 600 SMALL CAP GROWTH   2016-11-02 2018-06-25
169 SHS VANGUARD S&P 500 GROWTH ETF   2017-06-12 2018-06-25
2,950 SHS XTRACKERS MSCI EAFE HDGDEQY   2015-04-27 2018-05-04
72,000 SHS UST INFL IDX 1.375%   2009-07-29 2018-07-15
44,000 SHS UST INFL IDX 1.875% 07/19 INFL INDEX   2009-07-29 2018-05-07
.26 SHS SPDR S&P 600 SMALL CAP GROWTH   2016-11-02 2018-06-13
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 5,970   6,222 -252
b 487   487 0
c 5,696   5,761 -65
d 331   417 -86
e 12,618   12,667 -49
12,894   12,952 -58
12,885   12,902 -17
13,105   13,174 -69
45,309   45,600 -291
434   434 0
1,097   1,102 -5
66   66 0
110   113 -3
5,440   5,209 231
48,922   49,699 -777
36,749   38,679 -1,930
32,388   33,068 -680
32,183   33,108 -925
32,363   33,112 -749
31,901   33,115 -1,214
48,945   49,031 -86
21,525   22,284 -759
52,947   53,547 -600
38,131   24,836 13,295
7,036   5,216 1,820
9,216   6,424 2,792
24,769   20,813 3,956
94,958   92,365 2,593
83,812   71,882 11,930
52,451   45,791 6,660
17   12 5
37,996     37,996
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       -252
b       0
c       -65
d       -86
e       -49
      -58
      -17
      -69
      -291
      0
      -5
      0
      -3
      231
      -777
      -1,930
      -680
      -925
      -749
      -1,214
      -86
      -759
      -600
      13,295
      1,820
      2,792
      3,956
      2,593
      11,930
      6,660
      5
      37,996
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 72,663
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 1,535 1,899,826 0.000808
2016 107,727 1,779,349 0.060543
2015 116,115 1,892,674 0.061350
2014 99,186 1,988,168 0.049888
2013 98,487 1,974,241 0.049886
2
Total of line 1, column (d) .....................
2
0.222475
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
0.044495
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,904,130
5
Multiply line 4 by line 3......................
5
84,724
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,009
7
Add lines 5 and 6........................
7
85,733
8
Enter qualifying distributions from Part XII, line 4,.............
8
190,525
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 1,009
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 1,009
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 1,009
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,080
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 1,080
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 71
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet71 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
    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)
    bulletMI
    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 ofbulletKIM M GARDEY Telephone no.bullet (989) 791-3880

    Located atbullet100 HARROW LANESAGINAWMI ZIP+4bullet486386095
    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
    KIM M GARDEY TRUSTEE
    1.00     		0 0 0
    100 HARROW LANE
    SAGINAW,MI48638
    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
    1,832,633
    b
    Average of monthly cash balances.......................
    1b
    100,494
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,933,127
    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
    1,933,127
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,997
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,904,130
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    95,207
    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
    95,207
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,009
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,009
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    94,198
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    24,100
    5
    Add lines 3 and 4............................
    5
    118,298
    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
    118,298
    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
    190,525
    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
    190,525
    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
    1,009
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    189,516
    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 7 118,298
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 79,341
    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$ 190,525
    a Applied to 2017, but not more than line 2a 79,341
    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..... 111,184
    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 ..........     		7,114
    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 e-mail address of the person to whom applications should be addressed:
    HEBERT MEMORIAL SCHOLARSHIP FUND
    SAGINAW COMMUNITY FOUNDATION 100 S
    JEFFERSON SUITE 201
    SAGINAW,MI48607
    (989) 755-0545
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORMS ARE AVAILABLE THROUGH THE SAGINAW COMMUNITY FOUNDATION WEBSITE (WWW.SAGINAWFOUNDATION.ORG). APPLICATIONS MUST BE ACCOMPANIED BY A SCHOOL TRANSCRIPT AND TWO LETTERS OF RECOMMENDATION.
    cAny submission deadlines:
    FEBRUARY 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FUND PAYS EXPENSES OF DESERVING YOUNG WOMEN AND MEN THAT ARE PURSUING THEIR STUDIES AT A COLLEGE OR UNIVERSITY OF THEIR CHOICE, OR LOANING TO SUCH YOUNG WOMEN AND MEN SUCH SUMS AND IN SUCH MANNER AS THE TRUSTEE MAY DETERMINE. THE APPLICANTS MUST BE RESIDENTS OF SAGINAW COUNTY, MICHIGAN AND MUST HAVE MAINTAINED AT LEAST A 3.0 POINT GRADE AVERAGE DURING THEIR FOUR YEAR HIGH SCHOOL EDUCATION. EMPLOYEES OF GARDEY FINANCIAL ADVISORS, LLC AND THEIR FAMILIES ARE NOT ELIGIBLE.
    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
    KYLEAH ALLEN-TENEYQUE
    1522 GALLAGHER ST
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    ANA AYALA-PEREZ
    333 BEYERLEIN
    FRANKENMUTH,MI48734     		  N/A EDUCATION 3,000
    TERRI'A BASKIN
    544 S 30TH ST
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    JORDAN BEEVERS
    2189 PLAINVIEW DR
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    BROOKE BELL
    7819 HOSPITAL RD
    FREELAND,MI48623     		  N/A EDUCATION 3,000
    DEJAH'SOLEIL BLONDIN
    3235 WINTERGREEN DR E
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    AMARI CROCKETT
    3421 ANGEL DR
    SAGINAW,MI48601     		  N/A EDUCATION 1,000
    MEGAN CRUCE
    7557 DUTCH RD
    SAGINAW,MI48609     		  N/A EDUCATION 3,000
    MARLEE CURNUTT
    3634 SCHUST RD
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    ADAM PELESMAEKER
    6765 N GLEANER RD
    FREELAND,MI48623     		  N/A EDUCATION 3,000
    SOMMER HAHN
    10283 SARLE RD
    FREELAND,MI48623     		  N/A EDUCATION 3,000
    LAKIA HAMILTON
    PO BOX 3722/2805 KENSINGTON DR
    SAGINAW,MI48605     		  N/A EDUCATION 1,800
    AUSTIN HAMMOND
    5618 BLACKBERRY DR
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    DE'ARA JACKSON
    3079 WADSWORTH
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    MADISON JONES
    3031 RUST
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    JACLYN LEACH
    12110 SCOTT
    FREELAND,MI48623     		  N/A EDUCATION 3,000
    MAXWELL LEAL
    4152 N CHIPPING NORTON
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    RILEY MCINTYRE
    8820 SWANCREST DR
    SAGINAW,MI48609     		  N/A EDUCATION 3,000
    JENNA MCLEAN
    1619 BIRNEY ST
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    JONAH MOORE
    315 S ADAMS ST
    SAGINAW,MI48604     		  N/A EDUCATION 3,000
    AUSTIN NEIDERQUILL
    6690 STROEBEL RD
    SAGINAW,MI48609     		  N/A EDUCATION 3,000
    ETHAN PETERMANN
    23427 KENTWORTHY AVE
    HARBOR CITY,CA90710     		  N/A EDUCATION 3,000
    BRIANNA REDMOND
    2145 SUNSET LANE
    SAGINAW,MI48604     		  N/A EDUCATION 3,000
    NICHOLAS SONNENBERG
    3688 HENSLER PLACE
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    ARIZSIA STATON
    307 N WEBSTER
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    SARAH TAPP
    45 E HANNUM BLVD
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    NICOLE VASQUEZ
    1911 JOSLIN ST
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    JEFFREY WACHOWICZ
    9646 S BRENNAN RD
    BRANT,MI48614     		  N/A EDUCATION 3,000
    KENNEDY WALE
    11533 SADDLEBROOK RD
    SAGINAW,MI48623     		  N/A EDUCATION 3,000
    KAITLYN WALK
    6811 S LAMPLIGHTER DR
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    BRIANA WALKER
    440 MAYFLOWER DR
    SAGINAW,MI48638     		  N/A EDUCATION 3,000
    HUNTER WRIGHT
    889 DORO LANE
    SAGINAW,MI48604     		  N/A EDUCATION 3,000
    HANNA BOARDMAN
    1 ACORN DRIVE
    SAGINAW,MI48638     		  N/A EDUCATION 3,000
    DEREK BOOMS
    8511 PIERCE ROAD
    FREELAND,MI48623     		  N/A EDUCATION 3,000
    KRISTAUN BOYKINS
    2324 MCEWAN ST
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    MATTHEW BRAEUTIGAN
    15372 GARY RD
    CHESANING,MI48616     		  N/A EDUCATION 3,000
    TRISTAN BRANCH
    1070 N MILLER RD
    SAGINAW,MI48609     		  N/A EDUCATION 3,000
    ALEXANDRIA BRCIK
    901 FLINT STREET
    ST CHARLES,MI48655     		  N/A EDUCATION 3,000
    DARIUS BROOKS
    4720 EVA STREET
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    AVERI-SUE COPES
    305 S CHAPMAN ST
    CHESANING,MI48616     		  N/A EDUCATION 3,000
    TYLER GROSS
    3030 MACKINAW ST
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    ALBERT HANNAH JR
    2005 KING RD
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    DEVONTE HENDERSON
    1804 SUPERIOR ST
    SAGINAW,MI48638     		  N/A EDUCATION 3,000
    JALA HILBURN
    4880 EVA ST
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    ANGELICA JOHNSON
    229 S 21ST STREET
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    JAILAH JONES
    1708 S MICHIGAN
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    CALVIN KAECKMEISTER
    1131 ARCLAIR
    SAGINAW,MI48638     		  N/A EDUCATION 3,000
    NICK KARLIK
    17378 SHARON RD
    CHESANING,MI48616     		  N/A EDUCATION 3,000
    JORDAN KISS
    4061 CARMEL DRIVE
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    BRANDON MANZUR-CANALES
    2420 NARLOCH ST
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    ALICIA NEELIS
    2443 CALIFORNIA AVE
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    ALEXIS NICKEL
    1050 N MILLER RD
    SAGINAW,MI48609     		  N/A EDUCATION 3,000
    SHELBY NILES
    204 SUNVIEW DRIVE
    ST CHARLES,MI48655     		  N/A EDUCATION 3,000
    SHY'ANGEL PHILLIPS
    1706 N BOND
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    AALIYAH PRUITT
    6649 VISTA DRIVE
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    TAYLOR RICHARDS
    10162 DOVE DR
    FREELAND,MI48623     		  N/A EDUCATION 3,000
    JANAY RILEY
    1717 GROUT ST
    SAGINAW,MI48602     		  N/A EDUCATION 3,000
    ADIA RODGERS
    3284 STERLING DR APT 1
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    MIGEMINI SAMMONS
    5568 BRIARWOOD DR
    BIRCH RUN,MI48415     		  N/A EDUCATION 3,000
    BRENNAN SENKOWSKI
    3181 OAKLAWN PARK
    SAGINAW,MI48603     		  N/A EDUCATION 3,000
    NICKLAS SULEN
    4470 BROCKWAY
    SAGINAW,MI48638     		  N/A EDUCATION 3,000
    CHAQUILLE TOLBERT
    1885 CALDWELL ST
    SAGINAW,MI48601     		  N/A EDUCATION 3,000
    PAIGE WATSON
    11485 SWAN CREEK RD
    SAGINAW,MI48609     		  N/A EDUCATION 3,000
    Total .................................bullet 3a 185,800
    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 ...........     		         
    4 Dividends and interest from securities....     14 47,002  
    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 72,663  
    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).. 0 119,665 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    119,665
    (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:
    HEBERT MEMORIAL SCHOLARSHIP FUND
     
    KIM M GARDEY TRUSTEE
    EIN:
    26-2764191
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL AND ACCOUNTING 1,575 0   1,575

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    HEBERT MEMORIAL SCHOLARSHIP FUND
     
    KIM M GARDEY TRUSTEE
    EIN:
    26-2764191
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RETURN BOND FD CL I 71,098 65,425
    METROPOLITAN WEST TOTAL RETURN BOND I 71,562 65,163
    INVESCO BULLETSHARES 2021 CORPORATE BOND 45,313 45,434
    INVESCO BULLETSHARES 2022 CORPORATE BOND 45,081 45,160
    INVESCO BULLETSHARES 2019 CORPORATE BOND 45,069 45,018
    INVESCO BULLETSHARES 2020 CORPORATE BOND 45,143 45,154
    INVESCO BULLETSHARES 2023 CORPORATE BOND 45,394 45,474
    LORD ABBETT FLOATING RATE A 72,188 68,661
    PIMCO INCM INST CL 67,379 65,155
    PIMCO SHORT TERM INSTL 77,853 76,964
    VIRTUS SEIX FLOAT RATE 78,660 75,235

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    HEBERT MEMORIAL SCHOLARSHIP FUND
     
    KIM M GARDEY TRUSTEE
    EIN:
    26-2764191
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARTISAN INTL FUND INV 80,001 77,544
    FPA CRESCENT FUND 51,605 54,040
    OAKMARK GLOBAL SELECT 88,520 78,037
    OPPENHEIMER DEVELOPING MARKETS FD CI Y 46,912 54,408
    PRIMECAP ODYSSEY AGGRESSIVE GROWTH FD 73,160 93,588
    SCHWAB TOTAL STOCK MARKET INDEX 44,105 53,117
    TWEEDY BROWNE GLOBAL VALUE FUND 58,657 57,290
    WISDOMTREE US MIDCAP 42,442 46,161
    SPDR S&P 600 SM CAP GROWTH ETF 32,841 39,717
    VANGUARD S&P 500 GROWTH 113,506 123,586
    FMI INTL FD 8,496 7,355
    FMI INTL FD INST 80,807 70,890
    SEAFARER OVERSEAS GWTH 64,208 52,146
    SPDR S&P 600 SMALL CAP VALUE 36,823 34,714
    AIG FOCUSED DIV STRAT W 140,874 126,140
    OAKMARK INTL FD INV 98,476 76,962

    TY 2018 OtherExpensesSchedule
    Name:
    HEBERT MEMORIAL SCHOLARSHIP FUND
     
    KIM M GARDEY TRUSTEE
    EIN:
    26-2764191
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP ADMINISTRATION FEE 3,150 0   3,150


    TY 2018 OtherIncreasesSchedule
    Name:
    HEBERT MEMORIAL SCHOLARSHIP FUND
     
    KIM M GARDEY TRUSTEE
    EIN:
    26-2764191
    Description Amount
    RECOVERY OF UNCLAIMED/RETURNED SCHOLARSHIPS 24,100


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    HEBERT MEMORIAL SCHOLARSHIP FUND
     
    KIM M GARDEY TRUSTEE
    EIN:
    26-2764191
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 17,839 17,839   0


    TY 2018 TaxesSchedule
    Name:
    HEBERT MEMORIAL SCHOLARSHIP FUND
     
    KIM M GARDEY TRUSTEE
    EIN:
    26-2764191
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 893 893   0
    EXCISE TAX ON INVESTMENT INCOME 1,098 0   0