Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
TRUST FUNDS INCORPORATED
 
Number and street (or P.O. box number if mail is not delivered to street address)1104 CORPORATE WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SACRAMENTO, CA95831
A Employer identification number

94-6062952
B Telephone number (see instructions)

(916) 395-4472
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$9,491,225J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 317 317  
4 Dividends and interest from securities... 81,130 81,130  
5a Gross rents............ 452,314 452,314  
b Net rental income or (loss) 380,924
6a Net gain or (loss) from sale of assets not on line 10 94,527
b Gross sales price for all assets on line 6a 944,770
7 Capital gain net income (from Part IV, line 2)... 94,527
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........ 628,288 628,288  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 59,160 6,276   42,552
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 7,054 705   4,938
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 21,995 19,795   1,100
c Other professional fees (attach schedule).... Click to see attachment 36,407 36,407    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,931      
19 Depreciation (attach schedule) and depletion... Click to see attachment 20,600 20,600  
20 Occupancy.............. 10,295 1,029   7,206
21 Travel, conferences, and meetings....... 2,863 171   2,692
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 54,319 51,227   2,426
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 217,624 136,210   60,914
25 Contributions, gifts, grants paid....... 432,800 432,800
26 Total expenses and disbursements. Add lines 24 and 25 650,424 136,210   493,714
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -22,136
b Net investment income (if negative, enter -0-) 492,078
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 31,144 28,034 28,034
2 Savings and temporary cash investments......... 25,560 199,057 199,057
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.......... 1,096 79 79
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,055,936 Click to see attachment2,898,507 3,165,084
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,244,908
Less: accumulated depreciation (attach schedule) bullet546,213 719,295 Click to see attachment698,695 6,093,000
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 attachment3,480 Click to see attachment5,971 Click to see attachment5,971
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,836,511 3,830,343 9,491,225
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 attachment36,725 Click to see attachment52,693
23 Total liabilities (add lines 17 through 22)......... 36,725 52,693
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........ 3,348,099 3,348,099
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 451,687 429,551
30 Total net assets or fund balances (see instructions)..... 3,799,786 3,777,650
31 Total liabilities and net assets/fund balances (see instructions). 3,836,511 3,830,343
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
3,799,786
2
Enter amount from Part I, line 27a .....................
2
-22,136
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,777,650
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 30 .
6
3,777,650
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 8,032.424 DODGE & COX INCOME FD P 2017-01-26 2018-02-14
b 2,742.409 PIMCO INVT GRADE CORP CLASS I P 2016-04-20 2018-02-02
c 1,118.595 PIMCO INVT GRADE CORP CLASS I P 2016-05-02 2018-02-02
d 425.17 FIDELITY ADVISOR ADVISORS MATERIALS CL I P 2016-05-10 2018-05-11
e 411.297 FIDELITY ADVISOR ADVISORS MATERIALS CL I P 2016-08-10 2018-05-11
150 CHEVRON CORPORATION P 2014-10-21 2018-07-11
100 COSTCO WHSL CORP NEW COM P 2014-12-04 2018-07-11
100 VISA INC CLASS A P 2012-12-07 2018-07-11
200 DISNEY WALT COMPANY P 2016-07-08 2018-08-13
1,055.984 AMERICAN CENTURY EMERGING MARKETS FD CL P 2016-09-07 2018-09-06
5,941.274 GOLDMAN SACHS TR EMERGING MKTS DEBT FD P 2015-04-16 2018-09-06
1,536.098 GOLDMAN SACHS TR EMERGING MKTS DEBT FD P 2016-10-19 2018-09-06
776.398 GOLDMAN SACHS TR EMERGING MKTS DEBT FD P 2016-11-02 2018-09-06
1,687.504 GOLDMAN SACHS TR EMERGING MKTS DEBT FD P 2017-01-26 2018-09-06
222.272 JANUS HENDERSON FUNDS ENTERPRISE FD CL I P 2016-08-08 2018-09-06
3,112.496 GOLDMAN SACHS TR EMERGING MKTS DEBT FD P 2017-01-26 2018-10-19
16,977.929 DELAWARE GROUP INCOME FUNDS CORPORATE BD P 2017-07-19 2018-11-13
14,634.146 PIMCO INVESTMENT GRADE CREDIT BOND FD IN P 2017-01-27 2018-11-13
3,664.183 AMERICAN CENTURY EMERGING MARKETS FD CL P 2016-05-10 2018-12-14
1,071.811 CALVERT IMPACT FD INC SMALL CAP VALUE FD P 2017-11-02 2018-12-14
2,285.714 EATON VANCE FLOATING RATE FD CL I P 2016-08-10 2018-12-14
3,383.22 EATON VANCE FLOATING RATE FD CL I P 2017-12-06 2018-12-14
693.001 OPPENHEIMER INTL GRWTH FD CL Y SHS P 2017-11-02 2018-12-14
CAPITAL GAINS DISTRIBUTIONS P 2017-01-01 2018-12-31
(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 109,000   109,402 -402
b 28,411   28,000 411
c 11,589   11,432 157
d 35,893   30,000 5,893
e 34,722   30,000 4,722
18,789   17,071 1,718
21,093   14,296 6,797
13,809   3,703 10,106
22,481   19,956 2,525
11,436   10,000 1,436
68,741   74,801 -6,060
17,773   20,000 -2,227
8,983   10,000 -1,017
19,524   21,094 -1,570
30,000   21,138 8,862
35,949   38,906 -2,957
93,379   100,000 -6,621
144,732   150,000 -5,268
37,375   30,000 7,375
25,016   30,000 -4,984
20,160   19,995 165
29,840   30,449 -609
24,331   30,000 -5,669
81,744     81,744
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       -402
b       411
c       157
d       5,893
e       4,722
      1,718
      6,797
      10,106
      2,525
      1,436
      -6,060
      -2,227
      -1,017
      -1,570
      8,862
      -2,957
      -6,621
      -5,268
      7,375
      -4,984
      165
      -609
      -5,669
      81,744
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 94,527
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 467,500 9,539,878 0.04901
2016 448,890 9,267,116 0.04844
2015 471,787 9,397,986 0.05020
2014 438,890 8,642,053 0.05079
2013 305,409 8,436,815 0.03620
2
Total of line 1, column (d) .....................
2
0.234630
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
0.046926
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
9,653,129
5
Multiply line 4 by line 3......................
5
452,983
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,921
7
Add lines 5 and 6........................
7
457,904
8
Enter qualifying distributions from Part XII, line 4,.............
8
493,714
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 4,921
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 4,921
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 4,921
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 5,000
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 5,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 79
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet79 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
 
No
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)
    bulletCA
    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 ofbulletJAMES T HEALY Telephone no.bullet (916) 395-4472

    Located atbullet1104 CORPORATE WAYSACRAMENTOCA ZIP+4bullet958313875
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........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
     
    No
    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
    JAMES T HEALY President
    20.00     		51,660    
    1104 CORPORATE WAY
    SACRAMENTO,CA958313875
    THOMAS F KUBASAK CFO
    6.00     		3,000    
    1104 CORPORATE WAY
    SACRAMENTO,CA958313875
    MARY HUDLER Director
    2.00     		500    
    1104 CORPORATE WAY
    SACRAMENTO,CA958313875
    LIZ KELLEY Director
    2.00     		2,000    
    1104 CORPORATE WAY
    SACRAMENTO,CA958313875
    JOHN STRAIN Secretary
    2.00     		2,000    
    1104 CORPORATE WAY
    SACRAMENTO,CA958313875
    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  
    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.............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 (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
    3,564,686
    b
    Average of monthly cash balances.......................
    1b
    142,445
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,093,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,800,131
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    9,800,131
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    147,002
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,653,129
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    482,656
    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
    482,656
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    4,921
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,921
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    477,735
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    477,735
    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
    477,735
    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
    493,714
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    493,714
    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
    4,921
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    488,793
    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 7 477,735
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 13,370
    c From 2015...... 11,382
    d From 2016......  
    e From 2017...... 314
    fTotal of lines 3a through e........ 25,066
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 493,714
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 477,735
    e Remaining amount distributed out of corpus 15,979
    5 Excess distributions carryover applied to 2018.    
    (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 41,045
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		41,045
    10 Analysis of line 9:
    a Excess from 2014.... 13,370
    b Excess from 2015.... 11,382
    c Excess from 2016....  
    d Excess from 2017.... 314
    e Excess from 2018.... 15,979
    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:
    JAMES T HEALY PRESIDENT
    1104 CORPORATE WAY
    SACRAMENTO,CA958313875
    (916) 395-4472
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM FOR CATHOLIC ELEMENTARY AND HIGH SCHOOLS - GRANTS FOR SPECIFIC PURPOSES SUCH AS TEXTBOOKS, AUDIO-VISUAL EQUIPMENT, RELIGIOUS EDUCATION MATERIAL, COMPUTERS, SOFTWARE, CLASSROOM FURNITURE, AS WELL AS SPECIFIC DATA ABOUT THE SCHOOL. A DIFFERENT APPLICATION FORM IS REQUIRED FROM OTHER APPLICANTS REQUESTING A COMPREHENSIVE DESCRIPTION OF THE NEED AND SPECIFIC DATA OF THE APPLICANTS ORGANIZATION.
    cAny submission deadlines:
    QUARTERLY DEADLINES FOR APPLICATION SUBMISSIONS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SAN FRANCISCO BAY AREA AND CATHOLIC CHARITIES ARE FAVORED.
    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
    ICA CRISTO REY ACADEMY
    3625 - 24TH STREET
    SAN FRANCISCO,CA94110     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    ST THOMAS MORE SCHOOL
    50 THOMAS MORE WAY
    SAN FRANCISCO,CA94132     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    AMERICANS UNITED FOR LIFE
    2101 WILSON BOULEVARD SUITE 525
    ARLINGTON,VA22201     		N/A PUB CHRTY EXPAND THE SACREDNESS OF HUMAN LIFE 15,000
    ST IGNATIUS COLLEGE PREPARATORY
    2001 37TH AVENUE
    SAN FRANCISCO,CA94116     		N/A PUB CHRTY PURCHASE OF INSTRUCTIONAL MATERIALS 5,000
    LIFE TEEN
    2222 S DOBSON ROAD SUITE 601
    MESA,AZ85202     		N/A PUB CHRTY RELIGIOUS YOUTH CONFERENCE FOR TEENS 7,500
    ST JOSEPH NOTRE DAME HIGH SCHOOL
    1011 CHESTNUT STREET
    ALAMEDA,CA94501     		N/A PUB CHRTY TUITION ASSISTANCE 12,500
    OUR LADY OF REFUGE PARISH
    204 MORE AVENUE
    LOS GATOS,CA95032     		N/A PUB CHRTY COLLEGE SCHOLARSHIPS 10,000
    DIVINE MERCY EUCHARISTIC SOCIETY
    PO BOX 14
    UNION CITY,CA94587     		N/A PUB CHRTY RELIGIOUS CONFERENCE FOR FAMILIES 5,000
    ARCHBISHOP MITTY HIGH SCHOOL
    5000 MITTY AVENUE
    SAN JOSE,CA95129     		N/A PUB CHRTY TUITION ASSISTANCE 5,000
    ST VINCENT DE PAUL ELEMENTARY SCHOO
    HOWARD UNION STREETS
    PETALUMA,CA94952     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    ST VINCENT DE PAUL HIGH SCHOOL
    849 KEOKUK STREET
    PETALUMA,CA94952     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    FREE TO BE
    1180 FOURTH STREET STE B
    SANTA ROSA,CA95404     		N/A PUB CHRTY LIFE SKILLS PROGRAM FOR STUDENTS 7,500
    ST FRANCIS CENTER
    151 BUCKINGHAM AVENUE
    REDWOOD CITY,CA94063     		N/A PUB CHRTY READING & MATH PROGRAMS 8,300
    STVINCENT DE PAUL SOCIETY SAN FRANC
    1175 HOWARD STREET
    SAN FRANCISCO,CA94103     		N/A PUB CHRTY FOR THE HOMELESS & VICTIMS OF ABUSE 5,000
    VISION OF HOPE
    1555 - 34TH AVENUE
    OAKLAND,CA94601     		N/A PUB CHRTY SUPPORT OF CATHOLIC BAY AREA SCHOOLS 1,000
    ST PETER'S SCHOOL
    1266 - FLORIDA STREET
    SAN FRANCISCO,CA94110     		N/A PUB CHRTY PURCHASE OF INSTRUCTIONAL MATERIALS & TUITION ASSISTANCE 15,000
    DISCALCED CARMELITE NUNS
    68 RINCON ROAD
    KENSINGTON,CA94707     		N/A PUB CHRTY MONASTIC REFECTORY TABLES 11,000
    SALESIAN COLLEGE PREPARATORY
    2851 SALESIAN AVENUE
    RICHMOND,CA94804     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    THE MARIANISTS
    4425 WEST PINE BOULVARD
    ST LOUIS,MO63108     		N/A PUB CHRTY SUPPORT OF RETIRED PRIEST & BROTHERS 10,000
    VILLA SIENA FOUNDATION
    1855 MIRAMONTE AVENUE
    MOUNTAIN VIEW,CA94040     		N/A PUB CHRTY SUPPORT OF FINANCIALLY NEEDY RESIDENTS 10,000
    HOLY NAME OF JESUS SCHOOL
    1560 - 40TH AVENUE
    SAN FRANCISCO,CA94122     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    ST PATRICK SCHOOL
    51 NORTH NINTH STREET
    SAN JOSE,CA95112     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    CARE THROUGH TOUCH INSTITUTE
    240 GOLDEN GATE AVENUE 206
    SAN FRANCISCO,CA94102     		N/A PUB CHRTY MASSAGE THERAPY TO THE HOMELESS & MARGINALLY HOUSED PEOPLE 10,000
    CATHOLIC CHARITIES OF SAN FRANCISCO
    990 EDDY STREET
    SAN FRANCISCO,CA94109     		N/A PUB CHRTY ACADEMIC SUPPORT FOR AT-RISK STUDENTS 5,000
    HOLY FAMILY DAY HOME
    299 DOLORES STREET
    SAN FRANCISCO,CA94103     		N/A PUB CHRTY SCHOLARSHIPS FOR NEEDY CHILDREN 15,000
    CATHOLIC CHARITIES OF THE EAST BAY
    433 JEFFERSON STREET
    OAKLAND,CA94607     		N/A PUB CHRTY FAMILY LITERACY PROGRAM 10,000
    REAL OPTIONS OBRIA MEDICAL CLINICS
    1671 THE ALAMEDA SUITE 101
    SAN JOSE,CA95126     		N/A PUB CHRTY GENERAL FUND SUPPORT FOR MEDICAL CLINICS 5,000
    CRISTO REY DE LA SALLE EAST BAY HIG
    1530 34TH AVENUE
    OAKLAND,CA94601     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    BERKELEY FOOD HOUSING PROJECT
    1901 FAIRVIEW STREET
    BERKELEY,CA94703     		N/A PUB CHRTY SUPPORT FOR MEN'S SHELTER 5,000
    MERCY RETIREMENT CARE CENTER
    3431 FOOTHILL BLVD
    OAKLAND,CA94601     		N/A PUB CHRTY SUPPORT FOR NEEDY OLDER RESIDENTS 15,000
    HANNA BOYS CENTER
    17000 ARNOLD DRIVE
    SONOMA,CA95476     		N/A PUB CHRTY RELIGIOUS & CHARACTER BUILDING PROGRAM FOR AT-RISK BOYS 15,000
    GOD SQUAD PRODUCTIONS
    ONE PETER YORKE WAY
    SAN FRANCISCO,CA94109     		N/A PUB CHRTY TELEVISED CATHOLIC MASSES 15,000
    OUR LADY OF MERCY SCHOOL
    7 ELMWOOD DRIVE
    DALY CITY,CA94015     		N/A PUB CHRTY TUITION ASSISTANCE 14,000
    WEST CONTRA COSTA SALESIAN BOYS GIR
    2801 MORAN AVENUE
    RICHMOND,CA94806     		N/A PUB CHRTY STAFF SALARIES 10,000
    BISHOP GALLEGOS MATERNITY HOME
    PO BOX 1596
    FOLSOM,CA95763     		N/A PUB CHRTY OPERATIONAL NEEDS 15,000
    SHEPHERD'S GATE
    1660 PORTOLA AVENUE
    LIVERMORE,CA94551     		N/A PUB CHRTY COMPUTER ROOM FOR CHILDREN OF FORMER HOMELESS MOTHERS 14,000
    ST BRIGID SCHOOL
    2250 FRANKLIN STREET
    SAN FRANCISCO,CA94109     		N/A PUB CHRTY TUITION ASSISTANCE 10,000
    POOR CLARE MONASTERY IMMACULATE HEA
    28210 NATOMA ROAD
    LOS ALTOS HILLS,CA94022     		N/A PUB CHRTY SUPPORT FOR NUNS 5,000
    ST JOSEPH'S MONASTERY OF POOR CLARE
    1671 PLEASANT VALLEY ROAD
    APTOS,CA95001     		N/A PUB CHRTY SUPPORT FOR NUNS 5,000
    THE GUBBIO PROJECT
    133 GOLDEN GATE AVENUE
    SAN FRANCISCO,CA94102     		N/A PUB CHRTY LODGING & CARE FOR HOMELESS PEOPLE 4,000
    ST JUAN DIEGO WOMEN'S CENTER
    12 NORTH WHITE ROAD 5
    SAN JOSE,CA95127     		N/A PUB CHRTY HELP FOR MOTHERS IN CRISIS PREGNANCIES 4,000
    ST MARY OF THE ANGELS CATHOLIC SCHO
    991 S DORA STREET
    UKIAH,CA95482     		N/A PUB CHRTY OPERATIONAL NEEDS 4,000
    CARE THROUGH TOUCH INSTITUTE
    240 GOLDEN GATE AVENUE
    SAN FRANCISCO,CA94102     		N/A PUB CHRTY SERVICES TO HELP HOMELESS PERSONS 4,000
    STITCHED TOGETHER
    275 COSMOS AVENUE
    MORGAN HILL,CA95037     		N/A PUB CHRTY HANDMADE TOYS FOR HOSPITALIZED CHILDREN AND CHILDREN OVERSEAS 1,000
    ST MARY OF THE ANGELS CATHOLIC SCHO
    991 S DORA STREET
    UKIAH,CA95482     		N/A PUB CHRTY TUITION ASSISTANCE 20,000
    DIOCESE OF SACRAMENTO FIRE ASSISTAN
    2110 BROADWAY
    SACRAMENTO,CA95818     		N/A PUB CHRTY RELIEF FOR FIRE VICTIMS 20,000
    Total .................................bullet 3a 432,800
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 317  
    4 Dividends and interest from securities....     14 81,130  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 380,924  
    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 94,527  
    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)..   556,898  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    556,898
    (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: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 21,995 19,795 0 1,100

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

    TY 2018 DepreciationSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    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
    ROOF 2000-10-01 27,370 12,109 SL 39.0000 702 702    
    STORE FRONT 2001-08-23 32,538 13,626 SL 39.0000 834 834    
    PARTITIONS & ELECTRICAL 2007-07-01 141,496 74,287 SL 20.0000 7,075 7,075    
    BUILDING IMPROVEMENTS 2008-07-01 164,206 39,995 SL 39.0000 4,210 4,210    
    CARPET UNIT #330 2014-11-01 4,500 2,850 SL 5.0000 900 900    
    PARKING LOT 2015-11-10 87,296 12,371 SL 15.0000 5,823 5,823    
    ROOF 2017-11-14 41,200 132 SL 39.0000 1,056 1,056    

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    UNITED SECURITY BANCSHARES CALIF 6,319 17,915
    GOLDMAN SACHS SMALL CAP VALUE FUND INST 121,540 113,452
    JPMORGAN CHASE & CO 34,864 82,977
    VISA INC CLASS A 48,134 171,522
    BANK OF AMERICA CORP 37,988 98,560
    DELAWARE GROUP INCOME FUNDS CORP BD FD 125,637 116,599
    JPMORGAN MID CAP VALUE FUND CL L 156,544 147,311
    SUNSTONE HOTEL INVESTORS INC 56,610 53,653
    EATON VANCE FLOATING RATE FUND CL I 64,551 62,328
    COSTCO WHSL CORP NEW 14,296 20,371
    FEDERATED INVT SER FDS INC BD FD INSTL 99,980 92,596
    THORNBURG INC TR LTD TERM INC FD CL I 253,578 250,104
    AMERICAN TOWER CORP 41,190 63,276
    MASTERCARD INC CL A 36,287 75,460
    SBA COMMUNICATIONS CORP 41,424 68,803
    AMERICAN BEACON FDS BRIDGEWAY LARGECAP 127,235 120,744
    CALVERT IMPACT FD INC SMALL CAP VALUE 113,517 112,465
    FEDERATED EQUITY FDS KAUFMANN LARGE CAP 123,259 129,289
    AMERICAN CENTURY EMERGING MARKETS FD CL 150,000 162,716
    EATON VANCE SER II INC FD BOSTON CL I 60,582 56,457
    JANUS INVT FD HENDERSON STRATEGIC INC FD 108,175 107,981
    JANUS HENDERSON FD ENTERPRISE FD CLASS I 127,480 145,537
    PIMCO INVT GRADE CREDIT BOND FUND INST 95,949 92,226
    VICTORY TRIVALENT INTERNATIONAL SMALL-CA 80,000 81,663
    DODGE & COX INCOME FD 90,598 88,204
    JANUS INVT FD HENDERSON INTER OPP FD 138,770 125,188
    DREYFUS OPPORTUNITY FD NATURAL RESOURSES 74,000 55,835
    FEDERATED FUNDS FEDERATED KAUFMANN SMALL 70,000 55,623
    FIDELITY FUNDS FIDELITY TREASURY PORT IN 300,000 300,000
    MFS SER TR X EMERGING MKTS DEBT FD CL I 30,000 30,022
    OPPENHEIMER SENIOR FLOATING RATE FD CL Y 70,000 66,207

    TY 2018 InvestmentsLandSchedule2
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 868,849 546,213 322,636 5,716,941
    Land 376,059   376,059 376,059

    TY 2018 OtherAssetsSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SERVICE & KEY DEPOSITS 795 795 795
    X DATE DIVIDENDS 2,685 5,176 5,176


    TY 2018 OtherExpensesSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTNY GENERAL'S REGISTRY CHARITABLE TR 75     75
    OFFICE EXPENSE 3,330 333   2,331
    OFFICERS & DIRECTORS LIABILITY INSURANCE 104 104    
    Rental Expenses 50,790 50,790    
    SECRETARY OF STATE 20     20


    TY 2018 OtherLiabilitiesSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 34,717 52,693
    DECLARED/RECLASSIFIED DIVIDENDS 2,008  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISOR FEES ON SECURITIES 36,407 36,407 0 0


    TY 2018 TaxesSchedule
    Name:
    TRUST FUNDS INCORPORATED
    EIN:
    94-6062952
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ON INVESTMENT INCOME 4,921      
    FRANCHISE TAX BOARD FILING FEE 10