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
FRANK M TAIT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)40 NORTH MAIN STREET NO 1530
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DAYTON, OH45423
A Employer identification number

31-6037499
B Telephone number (see instructions)

(937) 222-2401
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$7,326,029J 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 184 184  
4 Dividends and interest from securities... 247,467 247,467  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -19,914
b Gross sales price for all assets on line 6a 1,049,454
7 Capital gain net income (from Part IV, line 2)... 0
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........ 227,737 247,651  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 48,000 4,800   43,200
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 5,050 2,525   2,525
c Other professional fees (attach schedule).... Click to see attachment 40,144 40,144   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,990 0   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 12,407 1,218   10,964
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 107,591 48,687   56,689
25 Contributions, gifts, grants paid....... 355,500 355,500
26 Total expenses and disbursements. Add lines 24 and 25 463,091 48,687   412,189
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -235,354
b Net investment income (if negative, enter -0-) 198,964
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............. 61,434 37,664 37,664
2 Savings and temporary cash investments......... 36,206 89,951 89,951
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.......... 568 1,578 1,578
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,530,315 Click to see attachment5,218,519 5,401,464
c Investments—corporate bonds (attach schedule)....... 1,915,210 Click to see attachment1,936,631 1,777,501
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment16,214 Click to see attachment17,871 Click to see attachment17,871
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,559,947 7,302,214 7,326,029
Liabilities 17 Accounts payable and accrued expenses.......... 26,818 4,000
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)......... 26,818 4,000
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........ 9,500,991 9,500,991
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds -1,967,862 -2,202,777
30 Total net assets or fund balances (see instructions)..... 7,533,129 7,298,214
31 Total liabilities and net assets/fund balances (see instructions). 7,559,947 7,302,214
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
7,533,129
2
Enter amount from Part I, line 27a .....................
2
-235,354
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
439
4
Add lines 1, 2, and 3 ..........................
4
7,298,214
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
7,298,214
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 GENERAL ELECTRIC VAR P 2017-08-02 2018-01-24
b MORGAN STANLE 5.85% PFDPFD SER K P 2017-08-02 2018-01-10
c ALBERMARLE CORP P 2017-08-01 2018-01-10
d BECTON DICKINSON & CO P 2018-05-15 2018-05-17
e BRIDGESTONE CORP LTD P 2017-08-01 2018-05-31
CHUBB LTD P 2017-08-01 2018-01-10
FANUC CORPORATION P 2017-08-01 2018-01-10
GARRETT MOTION INC P 2017-11-07 2018-10-19
GENTEX CORP P 2017-08-01 2018-05-31
HDFC BANK LIMITD P 2017-08-01 2018-01-10
JPMORGAN CHASE & CO P 2017-08-01 2018-01-10
LYONDELLBASELL INDS P 2017-08-01 2018-01-10
MEDTRONIC PLC P 2017-08-01 2018-01-10
MICROSOFT CORP P 2017-08-01 2018-01-10
NESTLE SA P 2017-08-01 2018-01-10
PNC FINANCIAL SRVCS P 2017-08-01 2018-01-10
RESIDEO TECHNOLOGIES INC P 2017-11-07 2018-10-29
SIEMENS A G P 2017-08-01 2018-01-10
SILICON MOTION TECH P 2017-08-01 2018-01-10
SMITH & NEPHEW P 2017-08-01 2018-01-10
TE CONNECTIVITY LTD P 2017-08-01 2018-01-10
TEXAS INSTRUMENTS P 2017-11-07 2018-01-10
GARRETT MOTION INC P 2017-08-01 2018-10-19
LYONDELLBASELL INDS P 2017-08-01 2018-11-02
MICROSOFT CORP P 2017-08-01 2018-11-02
RESIDEO TECHNOLOGIES INC P 2017-08-01 2018-11-16
ABBVIE INC P 2017-11-01 2018-01-08
BB&T CORPORATION P 2017-08-01 2018-01-10
BROADCOM INC P 2018-01-08 2018-12-10
CHEVRON CORP P 2017-11-15 2018-11-09
ENBRIDGE INC P 2017-08-01 2018-04-05
EXXON MOBIL CORP P 2017-08-01 2018-03-09
HASBRO INC P 2017-08-01 2018-06-15
HOME DEPOT INC P 2017-08-01 2018-01-10
HP INC P 2018-03-09 2018-12-10
JPMORGAN CHASE & CO P 2017-08-01 2018-01-10
LILLY ELI & CO P 2018-11-16 2018-12-10
LOCKHEED MARTIN CORP P 2017-08-01 2018-01-08
MARSH & MC LENNAN CO P 2018-06-15 2018-12-10
MAXIM INTEGRATED PRO P 2017-08-01 2018-06-04
MCDONALDS CORP P 2018-09-25 2018-12-10
MEDTRONIC PLC P 2018-11-16 2018-12-10
MERCK & CO INC P 2017-08-01 2018-02-13
MICROSOFT CORP P 2017-08-01 2018-07-26
MONDELEZ INTL P 2018-11-30 2018-12-10
PEPSICO INCORPORATED P 2017-08-01 2018-04-20
PHILIP MORRIS INTL P 2017-08-01 2018-07-13
PHILLIPS 66 P 2018-04-20 2018-12-10
PUBLIC STORAGE P 2017-08-01 2018-03-15
SIMON PPTY GROUP P 2018-07-26 2018-12-10
STARBUCKS CORP P 2018-08-24 2018-12-10
TEXAS INSTRUMENTS P 2017-10-30 2018-08-10
US BANCORP P 2018-11-16 2018-12-10
VENTAS INC P 2017-08-01 2018-07-26
WEC ENERGY GROUP INC P 2017-08-01 2018-07-13
ABBOTT LABORATORIES P 2017-08-01 2018-12-10
ABBVIE INC P 2017-08-01 2018-12-10
AIR PROD & CHEMICALS P 2017-08-01 2018-12-10
ALTRIA GROUP INC P 2017-08-01 2018-12-10
AMGEN INC P 2017-10-17 2018-12-10
AUTO DATA PROCESSING P 2017-08-01 2018-12-10
BB&T CORPORATION P 2017-08-01 2018-12-10
BLACKROCK INC P 2017-08-01 2018-12-10
CHEVRON CORP P 2017-11-15 2018-12-10
CISCO SYSTEMS INC P 2017-08-01 2018-12-10
CROWN CASTLE INTL CO P 2017-08-01 2018-12-10
EXXON MOBIL CORP P 2017-08-01 2018-12-10
GARRETT MOTION INC P 2017-08-01 2018-10-19
HASBRO INC P 2017-08-01 2018-12-10
HOME DEPOT INC P 2017-08-01 2018-12-10
HONEYWELL INTL INC P 2017-08-01 2018-12-10
ILLINOIS TOOL WORKS P 2017-08-01 2018-12-10
JPMORGAN CHASE & CO P 2017-08-01 2018-12-10
JOHNSON & JOHNSON P 2017-08-01 2018-12-10
LOCKHEED MARTIN CORP P 2017-08-01 2018-12-10
LYONDELLBASELL INDS P 2017-08-01 2018-12-10
MAXIM INTEGRATED PRO P 2017-08-01 2018-12-10
MCCORMICK & CO INC P 2017-08-14 2018-12-10
MEDTRONIC PLC P 2017-08-14 2018-11-09
MICROSOFT CORP P 2017-08-01 2018-12-10
NEXTERA ENERGY INC P 2017-08-01 2018-12-10
PAYCHEX INC P 2017-08-01 2018-12-10
PEPSICO INCORPORATED P 2017-08-01 2018-12-10
PFIZER INC P 2017-08-01 2018-12-10
PHILIP MORRIS INTL P 2017-08-01 2018-08-24
REALTY INCM CORP P 2017-08-01 2018-12-10
RESIDEO TECHNOLOGIES INC P 2017-08-01 2018-11-16
SEMPRA ENERGY P 2017-08-12 2018-12-10
TEXAS INSTRUMENTS P 2017-08-01 2018-12-10
VALERO ENERGY CORP P 2017-08-01 2018-12-10
VENTAS INC P 2017-08-01 2018-12-13
WEC ENERGY GROUP INC P 2017-08-01 2018-12-10
WILLIAMS COMPANIES P 2017-08-01 2018-12-10
3M CO P 2017-08-01 2018-12-10
(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 50,110   53,140 -3,030
b 18,758   19,106 -348
c 3,328   2,898 430
d 3,353   3,379 -26
e 15,145   16,216 -1,071
722   734 -12
537   410 127
37   40 -3
17,904   12,739 5,165
1,004   981 23
1,096   928 168
570   445 125
845   839 6
871   729 142
844   849 -5
745   649 96
11   13 -2
715   690 25
516   445 71
513   530 -17
486   401 85
2,177   1,976 201
416   426 -10
20,806   20,016 790
5,482   3,790 1,692
1,098   1,236 -138
4,928   4,637 291
4,242   3,822 420
2,837   3,246 -409
1,526   1,519 7
53,551   68,285 -14,734
35,129   37,842 -2,713
32,186   37,277 -5,091
3,849   2,981 868
2,559   2,603 -44
4,400   3,722 678
2,845   2,791 54
6,586   5,870 716
5,905   5,595 310
50,956   41,107 9,849
10,348   9,290 1,058
4,627   4,522 105
29,714   34,571 -4,857
41,311   29,937 11,374
923   945 -22
49,785   56,020 -6,235
31,034   43,906 -12,872
3,077   3,660 -583
27,141   28,518 -1,377
4,089   3,771 318
6,690   5,284 1,406
10,975   9,660 1,315
4,591   4,715 -124
44,002   54,058 -10,056
21,114   20,540 574
7,739   5,230 2,509
29,931   26,490 3,441
8,174   7,542 632
26,803   30,906 -4,103
9,894   9,271 623
2,440   2,006 434
11,187   10,798 389
5,772   6,010 -238
2,821   2,805 16
13,850   9,140 4,710
8,228   7,350 878
3,795   3,865 -70
1,448   1,485 -37
20,118   23,111 -2,993
10,112   8,347 1,765
9,802   8,782 1,020
4,407   4,629 -222
13,262   11,353 1,909
10,012   9,157 855
8,432   8,218 214
4,395   4,289 106
2,921   2,466 455
2,841   1,855 986
2,074   1,887 187
13,592   9,054 4,538
12,461   10,280 2,181
8,135   6,731 1,404
8,986   8,987 -1
7,698   5,698 2,000
43,461   62,639 -19,178
3,500   3,150 350
3,550   3,980 -430
6,253   6,327 -74
17,713   14,131 3,582
3,480   2,984 496
33,387   36,149 -2,762
6,920   6,130 790
3,551   4,549 -998
7,300   7,288 12
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       -3,030
b       -348
c       430
d       -26
e       -1,071
      -12
      127
      -3
      5,165
      23
      168
      125
      6
      142
      -5
      96
      -2
      25
      71
      -17
      85
      201
      -10
      790
      1,692
      -138
      291
      420
      -409
      7
      -14,734
      -2,713
      -5,091
      868
      -44
      678
      54
      716
      310
      9,849
      1,058
      105
      -4,857
      11,374
      -22
      -6,235
      -12,872
      -583
      -1,377
      318
      1,406
      1,315
      -124
      -10,056
      574
      2,509
      3,441
      632
      -4,103
      623
      434
      389
      -238
      16
      4,710
      878
      -70
      -37
      -2,993
      1,765
      1,020
      -222
      1,909
      855
      214
      106
      455
      986
      187
      4,538
      2,181
      1,404
      -1
      2,000
      -19,178
      350
      -430
      -74
      3,582
      496
      -2,762
      790
      -998
      12
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 -19,914
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 391,456 7,618,070 0.051385
2016 373,157 7,093,432 0.052606
2015 373,556 7,463,128 0.050054
2014 388,304 7,615,983 0.050985
2013 372,356 7,325,363 0.050831
2
Total of line 1, column (d) .....................
2
0.255861
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
0.051172
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
7,819,281
5
Multiply line 4 by line 3......................
5
400,128
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,990
7
Add lines 5 and 6........................
7
402,118
8
Enter qualifying distributions from Part XII, line 4,.............
8
412,189
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 1,990
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 1,990
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 1,990
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,000
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 3,000
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 1,010
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,010 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)
    bulletOH
    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 ofbulletJENNIFER A ROER Telephone no.bullet (937) 222-2401

    Located atbullet40 NORTH MAIN STREET SUITE 1530DAYTONOH ZIP+4bullet45423
    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
     
     
    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
    IRVIN G BIESER JR CHAIRMAN
    1.00     		0 0 0
    40 NORTH MAIN STREET SUITE 1530
    DAYTON,OH45423
    THOMAS BREITENBACH TRUSTEE
    1.00     		0 0 0
    40 NORTH MAIN STREET SUITE 1530
    DAYTON,OH45423
    ALLEN M HILL TRUSTEE
    1.00     		0 0 0
    40 NORTH MAIN STREET SUITE 1530
    DAYTON,OH45423
    R DANIEL SADLIER TRUSTEE
    1.00     		0 0 0
    40 NORTH MAIN STREET SUITE 1530
    DAYTON,OH45423
    JAMES M WOODHULL II TRUSTEE
    1.00     		0 0 0
    40 NORTH MAIN STREET SUITE 1530
    DAYTON,OH45423
    JENNIFER A ROER EXECUTIVE DIRECTOR
    20.00     		48,000 0 0
    40 NORTH MAIN STREET SUITE 1530
    DAYTON,OH45423
    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
    7,820,884
    b
    Average of monthly cash balances.......................
    1b
    117,472
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,938,356
    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
    7,938,356
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    119,075
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,819,281
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    390,964
    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
    390,964
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,990
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,990
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    388,974
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    388,974
    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
    388,974
    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
    412,189
    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
    412,189
    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
    1,990
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    410,199
    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 7 388,974
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 14,804
    b From 2014...... 17,631
    c From 2015...... 5,220
    d From 2016...... 23,869
    e From 2017...... 31,632
    fTotal of lines 3a through e........ 93,156
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 412,189
    a Applied to 2017, but not more than line 2a 0
    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..... 388,974
    e Remaining amount distributed out of corpus 23,215
    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 5 116,371
    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 ..........     		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) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		14,804
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		101,567
    10 Analysis of line 9:
    a Excess from 2014.... 17,631
    b Excess from 2015.... 5,220
    c Excess from 2016.... 23,869
    d Excess from 2017.... 31,632
    e Excess from 2018.... 23,215
    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:
    JENNIFER A ROER EXECUTIVE DIRECTOR
    40 NORTH MAIN STREET SUITE 1530
    DAYTON,OH45423
    (937) 222-2401
    bThe form in which applications should be submitted and information and materials they should include:
    THE GRANT REQUESTOR MUST CONTACT THE OFFICE VIA EMAIL AT TAITFOUNDATION@GMAIL.COM OR TELEPHONE AT 937-222-2401 TO DISCUSS THE PROSPECTIVE GRANT PROPOSAL AND TO OBTAIN APPROVAL FOR ITS SUBSEQUENT SUBMISSION. FAXED GRANT PROPOSALS WILL NOT BE ACCEPTED. PROSPECTIVE GRANTEES SHOULD OBTAIN A COMPLETE LIST OF THE INFORMATION AND MATERIALS REQUIRED TO BE INCLUDED IN THE GRANT PROPOSAL FROM THE FOUNDATION'S EXECUTIVE DIRECTOR.
    cAny submission deadlines:
    GRANT REQUESTS ARE REVIEWED QUARTERLY. CONFIRM DEADLINES WITH EXEC DIRECTOR.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE TAIT FOUNDATION FOCUSES ON PROGRAMS THAT (1) DEVELOP YOUTH - PARTICULARLY EARLY CHILDHOOD DEVELOPMENT PROGRAMS AND (2) PROVIDE CULTURAL ENRICHMENT EXPERIENCES FOR UNDERSERVED YOUTH. THE FOUNDATION SUPPORTS ORGANIZATIONS IN MONTGOMERY COUNTY, OHIO. IT DOES NOT SUPPORT MEDICAL RESEARCH OR EQUIPMENT; OPERATING BUDGETS OR ANNUAL FUND DRIVES; EMERGENCY REQUESTS FOR CRASH PROGRAMS; ENDOWMENT FUNDS; RELIGIOUS PROGRAMS OR ACTIVITIES; OR LOBBYING OR PROPAGANDA ACTIVITIES.
    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
    DAYTON ART INSTITUTE
    456 BELMONTE PARK NORTH
    DAYTON,OH45405     		NONE PC CENTENNIAL PROGRAMMING 10,000
    DAYTON CONTEMPORARY DANCE COMPANY
    840 GERMANTOWN STREET
    DAYTON,OH45402     		NONE PC BUILDING BLOCKS TO READINESS 10,000
    DAYTON METRO LIBRARY
    215 EAST THIRD STREET
    DAYTON,OH45402     		NONE PC A MUSICAL EXPERIENCE FOR THIRD GRADE READING 15,000
    4C FOR CHILDREN - MIAMI VALLEY
    1000 N KEOWEE STREET
    DAYTON,OH45404     		NONE PC IMPROVING EARLY LEARNING QUALITY 35,000
    AIR CAMP
    PO BOX 752332
    DAYTON,OH45402     		NONE PC AIR CAMP 20,000
    BIG BROTHERS BIG SISTERS OF THE GREATER MIAMI VALLEY
    22 SOUTH JEFFERSON STREET
    DAYTON,OH45402     		NONE PC EVERY THIRD GRADER 15,000
    DAYTON ART INSTITUTE
    456 BELMONTE PARK NORTH
    DAYTON,OH45405     		NONE PC EXPERICENTER EXHIBIT 20,000
    DAYTON CRAYONS TO CLASSROOMS
    1750 WOODMAN DRIVE
    DAYTON,OH45420     		NONE PC EARLY LEARNERS PROGRAM 12,500
    DAYTON PERFORMING ARTS ALLIANCE
    109 NORTH MAIN STREET
    DAYTON,OH45402     		NONE PC Q THE MUSIC 15,000
    EAST END COMMUNITY SERVICES
    624 XENIA AVENUE
    DAYTON,OH45410     		NONE PC MIRACLE MAKERS PARENT UNIVERSITY 30,000
    GOODWILL EASTER SEALS
    660 SOUTH MAIN STREET
    DAYTON,OH45402     		NONE PC CHILD ASSESSMENT SERVICE 10,000
    LEARN TO EARN DAYTON
    40 NORTH MAIN STREET SUITE 500
    DAYTON,OH45423     		NONE PC BIRTH - 3 SUPPORTS 75,000
    MEMORIAL UNITED CHURCH OF CHRIST
    2338 WEST FIFTH STREET
    DAYTON,OH45403     		NONE PC KIDS IN NEW DIRECTIONS (KIND) 13,000
    MUSE MACHINE
    126 NORTH MAIN STREET SUITE 310
    DAYTON,OH45402     		NONE PC ELEMENTARY ARTS EDUCATION PROGRAM 15,000
    OHIO PREVENTS BLINDNESS
    1500 WEST THIRD AVENUE
    COLUMBUS,OH43212     		NONE PC STAR PUPILS PROGRAM IN MONTGOMERY COUNTY 10,000
    VICTORIA THEATRE ASSOCIATION
    138 NORTH MAIN STREET
    DAYTON,OH45402     		NONE PC THE TAIT FOUNDATION DISCOVERY THEATRE 20,000
    SINCLAIR COMMUNITY COLLEGE FOUNDATION
    444 WEST THIRD STREET
    DAYTON,OH45402     		NONE PC EARLY CHILDHOOD EDUCATION SCHOLARSHIPS 20,000
    THINK TV NETWORK
    110 SOUTH JEFFERSON STREET
    DAYTON,OH45402     		NONE PC FAIRVIEW PROJECT WILD 10,000
    Total .................................bullet 3a 355,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 184  
    4 Dividends and interest from securities....     14 247,467  
    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 -19,914  
    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).. 0 227,737 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    227,737
    (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:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/TAX PREPARATION FEES 5,050 2,525   2,525

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CITIGROUP INC VAR 99 109,015 90,250
    JPMORGAN CHASE & VAR 138,140 122,656
    PNC FINANCIAL SRV VAR 104,765 92,000
    SUNTRUST BANK VAR 99 178,296 151,813
    U S BANCORP VAR 99 135,953 117,500
    WELLS FARGO BK N VAR 99 81,765 71,625
    CISCO SYSTEMS IN 2.45% 20 51,033 49,654
    COCA COLA COMPAN 2.45% 20 51,042 49,593
    JOHNSON & JOHNSO 1.65% 21 49,846 48,751
    APPLE INC 2.85% 21 51,552 50,011
    HONEYWELL INTL I 1.85% 21 49,657 48,334
    MICROSOFT CORP 2.375% 22 50,668 49,345
    PEPSICO INCORPOR 2.75% 22 51,590 49,537
    WALT DISNEY CO 2.35% 22 50,487 48,381
    COMCAST CORPORAT 2.75% 23 50,927 48,449
    HOME DEPOT INC 2.7% 23 51,186 49,252
    WAL-MART STORES 2.55% 23 50,862 48,637
    TEXAS INSTRUMENT 2.25% 23 49,969 48,176
    MERCK & CO INC 2.8% 23 51,530 49,253
    EXXON MOBIL COR 3.176% 24 52,221 50,087
    BLACKROCK INC 3.5% 24 52,979 50,074
    MERCK & CO INC 2.75% 25 50,298 48,340
    KIMBERLY-CLARK C 2.65% 25 49,675 47,592
    EXXON MOBIL COR 3.043% 26 51,255 48,860
    APPLE INC 2.45% 26 48,168 46,256
    MICROSOFT CORP 2.4% 26 48,437 46,689
    COMCAST CORPORATI 3.3% 27 50,850 47,451
    LOWES COMPANIES I 3.1% 27 50,481 45,747
    THE GOLDMAN SACHS VAR 99 73,984 63,188

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 77,130 114,137
    ABBVIE INC 79,625 104,820
    AIR PROD & CHEMICALS 104,843 113,475
    ALTRIA GROUP INC 82,680 61,836
    AMGEN INC. 122,816 134,322
    AUTO DATA PROCESSING 28,079 31,207
    BB&T CORPORATION 155,473 140,963
    BLACKROCK INC 79,850 73,065
    CHEVRON CORPORATION 61,287 57,441
    CISCO CORPORATION 131,433 180,686
    EXXON MOBIL CORP 54,105 45,824
    HASBRO INC 23,750 18,119
    HOME DEPOT INC 116,862 134,707
    HONEYWELL INTL INC 123,603 124,589
    HP INC 34,942 31,979
    ILLINOIS WOOL WORKS 62,337 56,630
    JOHNSON & JOHNSON 128,863 125,308
    JPMORGAN CHASE & CO 165,455 173,568
    LOCKHEED MARTIN CORP 115,051 102,641
    LYONDELLBASELL INDS 60,053 55,884
    MARSH & MCLENNAN CO 76,481 77,118
    MAXIM INTEGRATED PRO 34,987 38,951
    MCCORMICK & CO INC 26,949 38,430
    MEDTRONIC PLC 85,659 92,324
    MICROSOFT CORP 132,600 184,451
    NEXTERA ENERGY INC 146,850 173,820
    PAYCHEX INC 98,220 112,188
    PEPSICO INCORPORATED 129,897 122,964
    PFIZER INCORPORATED 81,913 108,558
    SEMPRA ENERGY 86,803 82,333
    TEXAS INSTRUMENTS 127,999 148,082
    VALERO ENERGY CORP 42,118 45,507
    W E C ENERGY GROUP 88,986 97,518
    WILLIAMS COMPANIES 64,797 44,916
    3M COMPANY 104,099 97,938
    CROWN CASTLE INTL CO 101,384 109,390
    REALTY INCM CORP 44,192 48,855
    ABB LTD 37,587 29,751
    ABBOTT LABORATORIES 15,655 23,146
    ACCENTURE PLC 36,169 39,483
    ADIDAS AG 26,765 24,520
    ALBEMARLE CORP 38,827 25,818
    APPLE INC 14,902 15,774
    BANK OF NOVA SCOTIA 18,652 14,961
    BCE INC 19,583 16,405
    BROADCOM LTD 31,014 31,785
    CHEVRON CORPORATION 30,186 28,829
    CHUBB LTD 43,327 38,108
    DIAGEO PLC 20,926 22,688
    EVERCORE INC 21,180 19,321
    FANUC CORPORATION 31,895 23,418
    HDFC BANK LIMITD 48,071 50,759
    HOME DEPOT INC 19,449 22,337
    HONEYWELL INTL INC 41,547 41,618
    JPMORGAN CHASE & CO 50,087 52,715
    KUBOTA CORP 17,709 14,090
    MEDTRONIC PLC 34,406 37,294
    MERCK & CO INC 11,497 13,754
    MICROSOFT CORP 40,305 56,168
    NESTLE SA 20,374 19,430
    PHILIP MORRIS INTL 25,092 14,353
    PNC FINANCIAL SRVCS 47,358 42,672
    SAP SE 32,642 30,363
    SEMPRA ENERGY 12,494 11,901
    SIEMENS A G 51,715 42,060
    SILICON MOTION TECH 14,227 11,040
    SMITH & NEPHEW 36,410 38,501
    SUMITOMO MITSU FINL 15,442 12,727
    SUNCOR ENERGY INC 12,963 11,188
    TAIWAN SEMICONDUCTR 25,111 25,837
    TE CONNECTIVITY LTD 37,251 35,168
    TEXAS INSTRUMENTS 40,691 43,470
    UNITEDHEALTH GRP INC 38,383 49,824
    BANK OF AMERIC 7.25% PFD 97,853 93,938
    MORGAN STANLE 5.85% PFD 117,368 104,404
    WELLS FARGO BK 7.5% PFD 100,063 94,642
    BROADCOM INC 42,904 41,448
    LILLY ELI & CO 42,033 44,552
    MCDONALDS CORP 129,215 142,411
    MONDELEZ INTL 21,878 19,455
    PHILLIPS 66 48,343 38,509
    STARBUCKS CORP 75,799 95,119
    US BANCORP 69,914 60,690
    SIMON PPTY GROUP 73,415 73,748
    BAXTER INTERNTNL 39,651 38,702
    BECTON DICKINSON & CO 18,020 18,026

    TY 2018 OtherAssetsSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST/DIVIDEND RECEIVABLE 16,214 17,871 17,871


    TY 2018 OtherExpensesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 12,182 1,218   10,964
    STATE OF OHIO FILING FEE 225 0   0


    TY 2018 OtherIncreasesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Description Amount
    CUMULATIVE ADJUSTMENT OF PRIOR YEAR GAIN/LOSS ON INVESTMENTS 439


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 40,144 40,144   0


    TY 2018 TaxesSchedule
    Name:
    FRANK M TAIT FOUNDATION
    EIN:
    31-6037499
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 1,990 0   0