TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
GRANTHAM CHARITABLE TRUST CO

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 29522
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27626

A Employer identification number

56-6180731

B Telephone number (see instructions)

(919) 716-7347

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,697,012J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	43,866		40,281
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		66,133
b	Gross sales price for all assets on line 6a 889,197
7	Capital gain net income (from Part IV, line 2)...			66,133
8	Net short-term capital gain.........				0
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........	109,999		106,414
13	Compensation of officers, directors, trustees, etc.	24,424		24,424
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		450	450	0	0
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		4,008	1,033		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,882		25,907	0	0
25	Contributions, gifts, grants paid.......	90,024				90,024
26	Total expenses and disbursements. Add lines 24 and 25	118,906		25,907	0	90,024
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-8,907
b	Net investment income (if negative, enter -0-)			80,507
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	80,973	67,800	67,800
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,693,148	1,694,835	1,629,212
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,774,121	1,762,635	1,697,012
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	1,774,121	1,762,635
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	1,774,121	1,762,635
	31	Total liabilities and net assets/fund balances (see instructions).	1,774,121	1,762,635

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

1,774,121

Enter amount from Part I, line 27a .....................

-8,907

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

1,765,214

Decreases not included in line 2 (itemize) bullet

2,579

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

1,762,635

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	31. AT&T INC.			2018-01-03
b	7. ALTRIA GROUP INC.		2017-01-12	2018-01-03
c	11. ANSYS INC			2018-01-03
d	9. BEST BUY INC COM		2017-01-12	2018-01-03
e	22. CERNER CORPORATION			2018-01-03
	7. CINTAS CORP COM		2017-08-01	2018-01-03
	20. DANAHER CORP SHS BEN INT		2017-01-12	2018-01-03
	2. DOWDUPONT INC.		2017-05-01	2018-01-03
	26. DOWDUPONT INC.		2016-02-02	2018-01-03
	22. FORTUNE BRANDS HOME & SECURITY INC.		2017-01-12	2018-01-03
	19. PFIZER INC		2008-12-03	2018-01-03
	33. PROGRESSIVE CORP OHIO COM		2017-01-12	2018-01-03
	2. RAYTHEON CO COM NEW		2017-10-03	2018-01-03
	18. SYNOPSYS INC COM		2017-04-03	2018-01-03
	5. TEXAS INSTRUMENTS		2017-12-01	2018-01-03
	9. TRAVELERS COMPANIES INC		2012-05-09	2018-01-03
	3. TRAVELERS COMPANIES INC		2017-02-07	2018-01-03
	10. VERIZON COMMUNICATIONS COM		2017-09-01	2018-01-03
	13. WELLTOWER INC.			2018-01-03
	1. ALPHABET INC./CA - CL C		2017-01-12	2018-02-01
	13. ARCHER DANIELS MIDLAND CO. COMMON		2018-01-03	2018-02-01
	30. CENTURYTEL INC COM		2018-01-03	2018-02-01
	22. EBAY INC COM			2018-02-01
	7. EXPRESS SCRIPTS HOLDING, INC.		2018-01-03	2018-02-01
	6. HUMANA INC COMMON		2017-01-12	2018-02-01
	41. IRON MOUNTAIN INCORPORATED		2017-11-01	2018-02-01
	13. QUEST DIAGNOSTICS INC COM		2017-01-12	2018-02-01
	20. TEXTRON INC. COMMON STOCK		2017-01-12	2018-02-01
	18. TYSON FOODS INC CL A		2016-03-07	2018-02-01
	5. AMGEN INC COMMON			2018-03-01
	8. AMGEN INC COMMON			2018-03-01
	3. CME GROUP, INC		2018-02-01	2018-03-01
	40. DEVON ENERGY CORP NEW COM		2018-02-01	2018-03-01
	25. EBAY INC COM		2017-05-01	2018-03-01
	7. INTEL CORP COMMON			2018-03-01
	13. NEXTERA ENERGY, INC.			2018-03-01
	26. PEOPLE'S UNITED FINANCIAL INC		2018-01-03	2018-03-01
	3. ROPER TECHNOLOGIES INC.		2017-08-01	2018-03-01
	6. TIME WARNER, INC.		2018-01-03	2018-03-01
	18. EXPRESS SCRIPTS HOLDING, INC.		2018-01-03	2018-03-08
	515.788 BAIRD AGGREGATE BOND FUND			2018-04-03
	109.114 BLACKROCK HIGH YIELD BOND FUND		2016-06-02	2018-04-03
	1562.2 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND		2016-10-07	2018-04-03
	212.036 CAUSEWAY EMERGING MARKETS FUND		2017-04-24	2018-04-03
	67. CENTURYTEL INC COM		2018-01-03	2018-04-03
	7. CITIZENS FINANCIAL GROUP		2017-01-12	2018-04-03
	8. CITRIX SYS INC COM		2017-03-02	2018-04-03
	1122.746 DFA INTERNATIONAL REAL ESTATE SECURITIES FUND		2016-06-02	2018-04-03
	5. EASTMAN CHEMICAL CO COM		2017-01-12	2018-04-03
	363.496 GOLDMAN SACHS EMERGING MKT DEBT FUND		2016-06-02	2018-04-03
	232.022 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND			2018-04-03
	46.511 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND		2016-06-02	2018-04-03
	471.187 HARTFORD EMERGING MARKETS LOCAL DEBT FUND		2016-06-02	2018-04-03
	697.593 IVY INTERNATIONAL CORE EQUITY FUND		2017-01-12	2018-04-03
	68.898 IVY HIGH INCOME FUND		2016-06-02	2018-04-03
	436.911 LAZARD INTERNATIONAL EQUITY FUND		2016-06-02	2018-04-03
	455.639 LITMAN GREGORY MASTERS ALTERNATIVE STRATEGIES FUND		2015-05-11	2018-04-03
	9. LOEWS CORP COMMON		2018-03-01	2018-04-03
	157.853 MFS MID CAP VALUE FUND			2018-04-03
	424.14 TORTOISE MLP & PIPELINE FD - INST		2017-10-03	2018-04-03
	7. OCCIDENTAL PETE CORP COM			2018-04-03
	14. OCCIDENTAL PETE CORP COM			2018-04-03
	234.639 OPPENHEIMER INTERNATIONAL GROWTH FUND		2015-05-08	2018-04-03
	5.399 OPPENHEIMER INTL SMALL-MID COMPANY FUND		2016-06-02	2018-04-03
	18. PERKINELMER INC COM		2017-02-07	2018-04-03
	1199.066 PIMCO STOCKSPLUS INTERNATIONAL (USD-HEDGED) FUND		2015-05-08	2018-04-03
	765.996 PRINCIPAL REAL ESTATE SECURITIES FD		2016-06-02	2018-04-03
	8. ROCKWELL INTL CORP NEW COM			2018-04-03
	43.915 T.ROWE PRICE EMERGING MARKETS STOCK FUND			2018-04-03
	1. S&P GLOBAL INC. NPV		2018-02-01	2018-04-03
	892.721 OPPENHEIMER STEELPATH MLP SELECT 40 FUND		2015-05-08	2018-04-03
	3223.62 TCW CORE FIXED-INCOME FUND		2017-09-27	2018-04-03
	202.964 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND		2017-01-12	2018-04-03
	4751.357 WELLS FARGO ADVANTAGE CORE BOND FUND		2016-10-07	2018-04-03
	69.289 WELLS FARGO SPECIAL MID CAP VALUE FD			2018-04-03
	32. NORTHERN STS PWR CO/XCEL ENERGY INC COM		2017-07-06	2018-04-03
	7. XYLEM INC.		2017-12-01	2018-04-03
	. VERIFONE SYSTEMS,INC.			2018-04-13
	8. AMEREN CORP COM		2016-08-04	2018-05-01
	10. CITRIX SYS INC COM			2018-05-01
	9. FLIR SYSTEMS, INC.		2018-04-03	2018-05-01
	7. GENERAL DYNAMICS CORP COM		2017-02-07	2018-05-01
	6. MARATHON PETROLEUM CORPORATION		2017-07-06	2018-05-01
	7. NETAPP INC		2018-04-03	2018-05-01
	18. REALTY INCOME CORP		2018-04-03	2018-05-01
	6. S&P GLOBAL INC. NPV			2018-05-01
	5. VALERO ENERGY CORP		2017-01-12	2018-05-01
	12. WELLS FARGO & CO NEW COM		2003-04-25	2018-05-01
	8. WHIRLPOOL CORP COM		2018-01-03	2018-05-01
	13. COCA COLA CO COM		2016-07-26	2018-06-01
	16. COCA COLA CO COM			2018-06-01
	52. CORNING INC COMMON		2017-01-12	2018-06-01
	4. ILLINOIS TOOL WORKS		2018-05-01	2018-06-01
	3. INTUIT INC COM		2018-05-01	2018-06-01
	50. JUNIPER NETWORKS INC COM			2018-06-01
	7. KOHLS CORP COM		2018-04-03	2018-06-01
	10. PEPSICO INC COMMON			2018-06-01
	14. PEPSICO INC COMMON		2017-11-01	2018-06-01
	10. PHILIP MORRIS INTERNATIONAL, INC.		2017-10-03	2018-06-01
	9. PHILIP MORRIS INTERNATIONAL, INC.		2017-02-07	2018-06-01
	34. QUANTA SVCS INC		2017-01-12	2018-06-01
	6. TOTAL SYS SVCS INC		2018-05-01	2018-06-01
	2. UNITEDHEALTH GROUP INC COM		2009-05-04	2018-06-01
	6. WASTE MGMT INC DEL COM		2018-04-03	2018-06-01
	13. WYNDHAM DESTINATIONS INC.		2018-04-03	2018-06-05
	13. WYNDHAM HOTELS & RESORTS, INC.		2018-04-03	2018-06-05
	6. ABBOTT LABS COM		2017-06-01	2018-06-12
	2. ABBVIE INC.		2018-02-01	2018-06-12
	1. ALPHABET INC./CA - CL C		2017-01-12	2018-06-12
	1. AMERIPRISE FINL INC COM		2017-01-12	2018-06-12
	1. AANTHEM, INC		2017-01-12	2018-06-12
	5. APPLE COMPUTER COMMON			2018-06-12
	6. BAKER HUGHES A GE CO.		2018-06-05	2018-06-12
	11. BANK OF AMERICA CORP COM			2018-06-12
	5. BANK OF NEW YORK MELLON CORPORATION		2017-01-12	2018-06-12
	4. BAXTER INTL INC		2017-05-01	2018-06-12
	1. BERKSHIRE HATHAWAY INC. - CL B		2017-03-02	2018-06-12
	3. CARNIVAL CORP		2017-01-12	2018-06-12
	2. CHEVRONTEXACO CORP COM		2017-02-07	2018-06-12
	6. CISCO SYSTEM INC COMMON		2011-06-03	2018-06-12
	5. CITIGROUP INC.		2017-01-12	2018-06-12
	6. COMCAST CORPORATION CLASS A		2016-08-04	2018-06-12
	1. COSTCO WHSL CORP NEW COM		2018-02-01	2018-06-12
	2. CROWN CASTLE INTERNATIONAL CORP.		2016-06-30	2018-06-12
	3. WALT DISNEY CO		2017-01-12	2018-06-12
	1. ECOLAB INC COMMON		2017-01-12	2018-06-12
	5. EXXON MOBIL CORP COM		2016-06-30	2018-06-12
	2. FACEBOOK INC.			2018-06-12
	6. FISERV INC COM		2017-06-01	2018-06-12
	1. THE HOME DEPOT INC		2017-04-03	2018-06-12
	6. INTEL CORP COMMON		2017-03-02	2018-06-12
	5. J P MORGAN CHASE & CO COM		2011-10-06	2018-06-12
	2. JOHNSON & JOHNSON		2016-08-04	2018-06-12
	1. L3 TECHNOLOGIES, INC.		2018-06-01	2018-06-12
	1. MCDONALDS CORP COM		2017-09-01	2018-06-12
	6. MICROSOFT CORP COMMON		2016-01-07	2018-06-12
	4. MORGAN STANLY DN WTTR DISCVR COM NEW		2017-09-01	2018-06-12
	1. NVIDIA CORP COM		2018-06-01	2018-06-12
	3. PROCTER & GAMBLE COMMON		2016-06-30	2018-06-12
	2. QUEST DIAGNOSTICS INC COM		2018-03-01	2018-06-12
	1. RAYTHEON CO COM NEW		2017-10-03	2018-06-12
	2. STATE STR CORP COM		2017-01-12	2018-06-12
	2. TEXAS INSTRUMENTS		2017-01-12	2018-06-12
	1. THERMO ELECTRON CORP COM		2017-01-12	2018-06-12
	1. 3M CO COM		2017-08-01	2018-06-12
	1. UNITEDHEALTH GROUP INC COM		2009-05-04	2018-06-12
	2. VISA INC.		2016-08-04	2018-06-12
	4. WAL MART STORES, INC		2017-06-01	2018-06-12
	4. WALGREENS BOOTS ALLIANCE, INC.		2018-01-03	2018-06-12
	2. ACCENTURE PLC		2018-06-04	2018-06-12
	2. LYONDELLBASELL INDUSTRIES NV		2018-05-01	2018-06-12
	77.981 KELLNER MERGER FUND		2018-04-03	2018-06-13
	81.062 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND		2016-10-07	2018-06-13
	30.864 AC ALTERNATIVES MARKET NEUTRAL VALUE FUND		2016-06-02	2018-06-13
	205.709 BAIRD AGGREGATE BOND FUND		2017-04-24	2018-06-13
	34.784 BLACKROCK HIGH YIELD BOND FUND		2016-06-02	2018-06-13
	396.291 ISHARES MSCI EAFE INTERNATIONAL INDEX FUND		2016-10-07	2018-06-13
	78.082 BUFFALO DISCOVERY FUND			2018-06-13
	469.434 COLUMBIA MID CAP INDEX FUND - I			2018-06-13
	103.174 COLUMBIA SMALL CAP INDEX FUND - I		2016-10-07	2018-06-13
	102.923 COLUMBIA CONTRARIAN CORE FUND I CL		2016-10-07	2018-06-13
	125.29 DFA INTERNATIONAL REAL ESTATE SECURITIES FUND		2016-06-02	2018-06-13
	22.084 DIAMOND HILL LONG-SHORT FUND		2016-06-02	2018-06-13
	72.638 GLENMEDE LARGE CAP CORE FUND		2016-10-07	2018-06-13
	554.914 GOLDMAN SACHS ENHANCED INCOME FUND		2018-04-03	2018-06-13
	41.258 GOLDMAN SACHS EMERGING MARKETS EQUITY INSIGHTS FUND		2017-04-24	2018-06-13
	48.438 GOLDMAN SACHS INTERNATIONAL SMALL CAP INSIGHTS FUND		2016-06-02	2018-06-13
	116.782 HENNESSY CORNERSTONE MID CAP 30 FUND			2018-06-13
	56.262 361 GLOBAL LONG/SHORT EQUITY FUND		2016-06-02	2018-06-13
	184.627 IVY INTERNATIONAL CORE EQUITY FUND		2017-04-24	2018-06-13
	60.731 JPMORGAN TR I US SMALL COMPANY FUND CLASS L			2018-06-13
	85.117 LAZARD INTERNATIONAL EQUITY FUND		2017-04-24	2018-06-13
	49.502 LITMAN GREGORY MASTERS ALTERNATIVE STRATEGIES FUND		2015-05-11	2018-06-13
	86.746 MFS MID CAP VALUE FUND		2017-09-27	2018-06-13
	93.939 TORTOISE MLP & PIPELINE FD - INST		2017-10-03	2018-06-13
	50.757 NUVEEN SMALL CAP VALUE FUND		2016-06-02	2018-06-13
	54.848 OPPENHEIMER INTERNATIONAL GROWTH FUND		2015-05-08	2018-06-13
	10.33 OPPENHEIMER INTL SMALL-MID COMPANY FUND		2016-06-02	2018-06-13
	17.055 PEAR TREE POLARIS FOREIGN VALUE SMALL CAP FUND		2016-06-02	2018-06-13
	513.221 PIMCO STOCKSPLUS INTERNATIONAL (USD-HEDGED) FUND		2015-05-08	2018-06-13
	92.927 PIONEER FUNDAMENTAL GROWTH FUND CLASS Y		2016-10-07	2018-06-13
	65.54 PRINCIPAL REAL ESTATE SECURITIES FD		2016-06-02	2018-06-13
	24.445 T.ROWE PRICE MID-CAP GROWTH FUND		2017-04-24	2018-06-13
	29.46 SMEAD VALUE FUND		2016-10-07	2018-06-13
	158.091 OPPENHEIMER STEELPATH MLP SELECT 40 FUND		2015-05-08	2018-06-13
	207.758 TCW CORE FIXED-INCOME FUND		2017-09-27	2018-06-13
	29.694 TIAA-CREF EMERGING MARKETS EQUITY INDEX FUND		2017-01-12	2018-06-13
	39.708 T. ROWE PRICE QM U.S. SMALL-CAP GROWTH EQUITY FUND			2018-06-13
	31.829 VANGUARD 500 INDEX FUND		2016-10-07	2018-06-13
	243.596 WELLS FARGO ADVANTAGE CORE BOND FUND		2016-10-07	2018-06-13
	35.165 WELLS FARGO SPECIAL MID CAP VALUE FD		2017-04-24	2018-06-13
	17. TIME WARNER, INC.		2018-01-03	2018-06-15
	.429 AT&T INC.		2017-02-07	2018-06-28
	23. CARDINAL HEALTH INC COM		2018-01-03	2018-06-29
	14. CROWN CASTLE INTERNATIONAL CORP.			2018-06-29
	16. EDISON INTL COM		2018-06-01	2018-06-29
	16. EVERSOURCE ENERGY		2017-05-01	2018-06-29
	2. EVERSOURCE ENERGY		2017-07-06	2018-06-29
	7. FIDELITY NATIONAL INFORMATION SERVICES, INC.		2017-01-12	2018-06-29
	7. INTERNATIONAL BUSINESS MACHS		2018-06-01	2018-06-29
	21. UNUMPROVIDENT CORP COM			2018-06-29
	13. UNUMPROVIDENT CORP COM		2017-12-01	2018-06-29
	3. VISA INC.		2016-08-04	2018-06-29
	799.63 DFA INTERNATIONAL REAL ESTATE SECURITIES FUND			2018-07-02
	379.194 IVY INTERNATIONAL CORE EQUITY FUND			2018-07-02
	203.34 LAZARD INTERNATIONAL EQUITY FUND			2018-07-02
	713.258 OPPENHEIMER INTERNATIONAL GROWTH FUND			2018-07-02
	138.563 OPPENHEIMER INTERNATIONAL GROWTH FUND		2017-10-03	2018-07-02
	1303.413 PIMCO STOCKSPLUS INTERNATIONAL (USD-HEDGED) FUND			2018-07-02
	233.053 PIMCO STOCKSPLUS INTERNATIONAL (USD-HEDGED) FUND		2017-10-03	2018-07-02
	315.612 PRINCIPAL REAL ESTATE SECURITIES FD			2018-07-02
	11300.014 TCW CORE FIXED-INCOME FUND			2018-07-02
	13. AVERY DENNISON CORP COMMON			2018-08-01
	6. BERKSHIRE HATHAWAY INC. - CL B			2018-08-01
	6. EXXON MOBIL CORP COM		2016-06-30	2018-08-01
	9. FIDELITY NATIONAL INFORMATION SERVICES, INC.		2017-01-12	2018-08-01
	13. JOHNSON & JOHNSON			2018-08-01
	11. KEURIG DR PEPPER INC.		2018-06-29	2018-08-01
	10. MORGAN STANLY DN WTTR DISCVR COM NEW		2018-06-29	2018-08-01
	9. PARKER HANNIFIN CORP COM			2018-08-01
	8. REPUBLIC SVCS INC		2017-02-07	2018-08-01
	5. WAL MART STORES, INC		2017-06-01	2018-08-01
	4. LYONDELLBASELL INDUSTRIES NV		2018-06-29	2018-08-01
	9. ILLINOIS TOOL WORKS			2018-08-02
	12. ABBVIE INC.			2018-08-30
	1. ALPHABET INC./CA - CL C		2017-07-06	2018-08-30
	18. ALTRIA GROUP INC.			2018-08-30
	13. ALTRIA GROUP INC.		2017-12-01	2018-08-30
	3. CINTAS CORP COM		2018-08-01	2018-08-30
	11. LAUDER ESTEE COS INC CL A			2018-08-30
	2. MASTERCARD INC		2018-06-29	2018-08-30
	61. NEWS CORPORATION - CLASS A		2018-05-01	2018-08-30
	7. RAYTHEON CO COM NEW			2018-08-30
	15. STATE STR CORP COM		2017-01-12	2018-08-30
	48.018 AQR STYLE PREMIA ALTERNATIVE FUND		2018-04-03	2018-10-02
	609.767 AQR STYLE PREMIA ALTERNATIVE FUND		2016-06-02	2018-10-02
	745.848 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND		2016-10-07	2018-10-02
	46.703 AMERICAN BEACON BRIDGEWAY LARGE CAP VALUE FUND			2018-10-02
	1012.213 AC ALTERNATIVES MARKET NEUTRAL VALUE FUND		2016-06-02	2018-10-02
	508.739 BUFFALO DISCOVERY FUND		2017-09-27	2018-10-02
	115.785 BUFFALO DISCOVERY FUND		2018-04-03	2018-10-02
	360.585 DIAMOND HILL LONG-SHORT FUND		2016-06-02	2018-10-02
	36.075 DIAMOND HILL LONG-SHORT FUND			2018-10-02
	213.807 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN ADVANTAGE FUND		2018-04-03	2018-10-02
	3448.758 GOLDMAN SACHS ENHANCED INCOME FUND		2018-04-03	2018-10-02
	890.767 GOLDMAN SACHS EMERGING MKT DEBT FUND			2018-10-02
	37.792 GOLDMAN SACHS EMERGING MKT DEBT FUND		2016-06-02	2018-10-02
	154.424 HARTFORD EMERGING MARKETS LOCAL DEBT FUND		2016-06-02	2018-10-02
	540.273 HENNESSY CORNERSTONE MID CAP 30 FUND		2016-10-07	2018-10-02
	164.204 HENNESSY CORNERSTONE MID CAP 30 FUND			2018-10-02
	50.245 PIONEER FUNDAMENTAL GROWTH FUND CLASS Y			2018-10-02
	769.834 PIONEER FUNDAMENTAL GROWTH FUND CLASS Y			2018-10-02
	21.23 SMEAD VALUE FUND			2018-10-02
	287.599 SMEAD VALUE FUND		2016-10-07	2018-10-02
	347.783 OPPENHEIMER STEELPATH MLP SELECT 40 FUND			2018-10-02
	4.869 VANGUARD 500 INDEX FUND		2016-10-07	2018-10-02
	20.774 WELLS FARGO SPECIAL MID CAP VALUE FD			2018-10-02
	495.31 WELLS FARGO SPECIAL MID CAP VALUE FD			2018-10-02
	4. APPLE COMPUTER COMMON			2018-10-04
	3. CENTENE CORP DEL		2018-08-01	2018-10-04
	16. COMERICA INC COM		2018-08-01	2018-10-04
	11. EXPRESS SCRIPTS HOLDING, INC.		2018-08-30	2018-10-04
	16. KOHLS CORP COM		2018-04-03	2018-10-04
	17. NETAPP INC		2018-03-01	2018-10-04
	16. NORDSTROM INC COM		2018-08-30	2018-10-04
	15. XYLEM INC.			2018-10-04
	3. ACCENTURE PLC		2018-06-04	2018-10-04
	5. EATON CORPORATION PLC		2018-08-30	2018-10-04
	9. LYONDELLBASELL INDUSTRIES NV		2018-08-30	2018-10-04
	8.429 AT&T INC.		2018-02-01	2018-11-01
	24.571 AT&T INC.			2018-11-01
	1. ALPHABET INC./CA - CL C		2018-08-01	2018-11-01
	2. AANTHEM, INC		2017-01-12	2018-11-01
	30. CBRE GROUP, INC.			2018-11-01
	9. CENTENE CORP DEL		2018-08-01	2018-11-01
	13. CHEVRONTEXACO CORP COM			2018-11-01
	6. CHURCH & DWIGHT INC.		2018-08-01	2018-11-01
	24. E*TRADE FINANCIAL CORPORATION		2017-01-12	2018-11-01
	28. FORTUNE BRANDS HOME & SECURITY INC.			2018-11-01
	7. L3 TECHNOLOGIES, INC.			2018-11-01
	3. MCDONALDS CORP COM		2017-09-01	2018-11-01
	2. METTLER-TOLEDO INTL INC COM		2018-10-04	2018-11-01
	9. PNC BANK CORPORATION		2018-05-01	2018-11-01
	10. PACKAGING CORP AMER		2017-08-01	2018-11-01
	80. PEOPLE'S UNITED FINANCIAL INC			2018-11-01
	6. REPUBLIC SVCS INC		2017-02-07	2018-11-01
	8. 3M CO COM		2017-08-01	2018-11-01
	8. WELLS FARGO & CO NEW COM		2017-06-01	2018-11-01
	1. TE CONNECTIVITY LIMITED		2017-11-01	2018-11-01
	12. TE CONNECTIVITY LIMITED		2017-09-01	2018-11-01
	. PFIZER INC			2018-11-16
	4. AMERIPRISE FINL INC COM		2018-03-01	2018-12-03
	6. AMERIPRISE FINL INC COM		2017-01-12	2018-12-03
	24. BANK OF NEW YORK MELLON CORPORATION		2017-01-12	2018-12-03
	18. BAXTER INTL INC		2017-05-01	2018-12-03
	3. BOSTON PROPERTIES INC COM		2018-11-01	2018-12-03
	15. C H ROBINSON WORLDWIDE INC			2018-12-03
	1. CME GROUP, INC		2017-05-01	2018-12-03
	9. CISCO SYSTEM INC COMMON		2011-06-03	2018-12-03
	10. WALT DISNEY CO			2018-12-03
	11. EASTMAN CHEMICAL CO COM		2017-01-12	2018-12-03
	4. EASTMAN CHEMICAL CO COM		2018-10-04	2018-12-03
	19. EXXON MOBIL CORP COM		2016-06-30	2018-12-03
	21. FLIR SYSTEMS, INC.			2018-12-03
	40. GENERAL MOTORS CO.		2017-01-12	2018-12-03
	7. LOEWS CORP COMMON		2018-10-04	2018-12-03
	1. MCDONALDS CORP COM		2017-09-01	2018-12-03
	1. NETFLIX COM INC		2018-06-01	2018-12-03
	4. ROPER TECHNOLOGIES INC.		2017-08-01	2018-12-03
	3. STANLEY BLACK & DECKER INC.		2018-05-01	2018-12-03
	8. STANLEY BLACK & DECKER INC.		2016-06-30	2018-12-03
	2. TEXAS INSTRUMENTS		2017-01-12	2018-12-03
	3. VERIZON COMMUNICATIONS COM		2017-09-01	2018-12-03
	6. WALGREENS BOOTS ALLIANCE, INC.		2018-01-03	2018-12-03
	2. YUM BRANDS INC COM		2017-09-01	2018-12-03
	3. INGERSOLL RAND PLC		2018-08-30	2018-12-03
	14. LYONDELLBASELL INDUSTRIES NV			2018-12-03
	9. EXPRESS SCRIPTS HOLDING, INC.		2018-11-01	2018-12-21
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,173	1,244	-71
b	493	473	20
c	1,663	1,408	255
d	615	398	217
e	1,515	1,246	269
	1,100	950	150
	1,862	1,628	234
	146	126	20
	1,893	1,171	722
	1,521	1,193	328
	691	309	382
	1,818	1,197	621
	375	376	-1
	1,560	1,308	252
	531	486	45
	1,190	575	615
	397	353	44
	525	480	45
	838	897	-59
	1,159	805	354
	554	520	34
	537	520	17
	1,016	809	207
	540	528	12
	1,687	1,230	457
	1,430	1,649	-219
	1,351	1,211	140
	1,183	996	187
	1,366	1,184	182
	916	272	644
	1,466	1,317	149
	487	467	20
	1,220	1,686	-466
	1,055	837	218
	335	235	100
	1,991	1,855	136
	497	486	11
	802	708	94
	559	553	6
	1,434	1,359	75
	5,478	5,574	-96
	834	802	32
	21,855	18,746	3,109
	3,053	2,504	549
	1,103	1,160	-57
	292	251	41
	735	641	94
	5,782	6,085	-303
	515	392	123
	4,609	4,504	105
	2,536	2,283	253
	594	493	101
	3,096	3,050	46
	13,924	11,915	2,009
	515	493	22
	8,472	7,462	1,010
	5,276	5,308	-32
	445	438	7
	3,650	3,705	-55
	5,064	5,790	-726
	466	480	-14
	932	836	96
	10,153	9,128	1,025
	270	205	65
	1,355	953	402
	9,736	10,060	-324
	17,059	17,786	-727
	1,382	1,517	-135
	2,025	1,604	421
	189	180	9
	6,865	9,213	-2,348
	34,686	35,557	-871
	2,486	1,886	600
	59,820	62,433	-2,613
	2,560	2,493	67
	1,445	1,458	-13
	537	484	53
	22		22
	466	415	51
	1,047	817	230
	482	455	27
	1,381	1,290	91
	437	320	117
	475	425	50
	920	931	-11
	1,140	1,008	132
	553	333	220
	630	284	346
	1,247	1,352	-105
	560	608	-48
	689	726	-37
	1,451	1,277	174
	588	576	12
	612	562	50
	1,337	1,402	-65
	478	446	32
	1,002	1,057	-55
	1,403	1,545	-142
	781	1,102	-321
	703	911	-208
	1,223	1,173	50
	517	507	10
	487	46	441
	501	510	-9
	635	632	3
	853	827	26
	376	276	100
	199	231	-32
	1,133	805	328
	147	115	32
	231	148	83
	958	635	323
	206	199	7
	327	260	67
	288	238	50
	301	222	79
	195	178	17
	186	161	25
	254	219	35
	262	97	165
	338	297	41
	194	202	-8
	204	195	9
	209	202	7
	312	323	-11
	145	119	26
	412	468	-56
	384	264	120
	454	374	80
	201	147	54
	327	215	112
	548	160	388
	245	248	-3
	202	200	2
	167	160	7
	607	316	291
	204	185	19
	262	258	4
	232	253	-21
	222	201	21
	207	188	19
	199	164	35
	230	150	80
	218	146	72
	205	203	2
	253	23	230
	270	159	111
	336	318	18
	254	298	-44
	325	317	8
	235	208	27
	848	834	14
	2,378	1,999	379
	316	339	-23
	2,160	2,230	-70
	267	256	11
	5,647	4,755	892
	2,047	1,890	157
	8,145	7,418	727
	2,849	2,305	544
	2,692	2,299	393
	647	679	-32
	577	538	39
	2,115	1,647	468
	5,222	5,216	6
	437	379	58
	634	513	121
	2,409	2,312	97
	677	624	53
	3,779	3,403	376
	1,228	923	305
	1,668	1,494	174
	576	577	-1
	2,101	2,032	69
	1,253	1,270	-17
	1,388	1,082	306
	2,457	2,134	323
	565	392	173
	274	211	63
	4,439	4,306	133
	2,245	1,831	414
	1,511	1,522	-11
	2,302	2,022	280
	1,370	1,138	232
	1,304	1,611	-307
	2,215	2,292	-77
	352	276	76
	1,521	1,145	376
	8,188	6,334	1,854
	3,033	3,201	-168
	1,330	1,302	28
	1,709	1,567	142
	14	18	-4
	1,122	1,446	-324
	1,509	1,368	141
	1,012	974	38
	937	947	-10
	117	120	-3
	742	540	202
	978	994	-16
	776	924	-148
	480	733	-253
	397	239	158
	4,086	4,278	-192
	7,413	6,469	944
	3,837	3,512	325
	29,907	26,746	3,161
	5,810	5,913	-103
	10,949	10,568	381
	1,958	1,955	3
	7,464	7,244	220
	120,910	124,636	-3,726
	1,474	1,496	-22
	1,187	972	215
	482	562	-80
	926	694	232
	1,724	1,388	336
	266	526	-260
	501	475	26
	1,490	1,647	-157
	581	462	119
	441	398	43
	440	440
	1,238	1,279	-41
	1,161	1,262	-101
	1,239	905	334
	1,055	1,198	-143
	762	877	-115
	640	618	22
	1,534	1,238	296
	427	393	34
	803	980	-177
	1,394	1,283	111
	1,300	1,233	67
	463	503	-40
	5,884	6,085	-201
	22,085	18,393	3,692
	1,383	1,331	52
	10,466	11,104	-638
	13,543	12,235	1,308
	3,082	2,795	287
	9,905	8,777	1,128
	991	933	58
	2,080	2,230	-150
	32,487	32,418	69
	10,484	11,584	-1,100
	445	468	-23
	862	1,000	-138
	10,200	10,568	-368
	3,100	3,192	-92
	1,296	1,136	160
	19,854	15,157	4,697
	1,049	959	90
	14,216	11,107	3,109
	2,942	3,202	-260
	1,314	969	345
	804	794	10
	19,169	18,207	962
	912	482	430
	429	399	30
	1,483	1,563	-80
	1,047	971	76
	1,149	1,019	130
	1,426	1,031	395
	948	997	-49
	1,204	1,030	174
	515	476	39
	438	414	24
	935	1,023	-88
	257	330	-73
	748	896	-148
	1,070	1,220	-150
	532	297	235
	1,266	1,437	-171
	1,180	1,196	-16
	1,445	1,342	103
	389	331	58
	1,211	882	329
	1,313	1,485	-172
	1,334	1,437	-103
	524	480	44
	1,119	1,223	-104
	1,167	1,309	-142
	958	1,103	-145
	1,256	1,492	-236
	431	347	84
	1,537	1,622	-85
	428	416	12
	77	92	-15
	926	950	-24
	23		23
	524	615	-91
	785	691	94
	1,214	1,141	73
	1,245	999	246
	396	360	36
	1,371	1,411	-40
	188	117	71
	438	145	293
	1,157	1,038	119
	890	862	28
	324	386	-62
	1,542	1,779	-237
	972	1,039	-67
	1,536	1,503	33
	339	353	-14
	185	160	25
	290	360	-70
	1,204	944	260
	408	422	-14
	1,088	887	201
	202	150	52
	174	144	30
	514	448	66
	184	154	30
	317	304	13
	1,320	1,409	-89
	876	876
			28,839

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			-71
b			20
c			255
d			217
e			269
			150
			234
			20
			722
			328
			382
			621
			-1
			252
			45
			615
			44
			45
			-59
			354
			34
			17
			207
			12
			457
			-219
			140
			187
			182
			644
			149
			20
			-466
			218
			100
			136
			11
			94
			6
			75
			-96
			32
			3,109
			549
			-57
			41
			94
			-303
			123
			105
			253
			101
			46
			2,009
			22
			1,010
			-32
			7
			-55
			-726
			-14
			96
			1,025
			65
			402
			-324
			-727
			-135
			421
			9
			-2,348
			-871
			600
			-2,613
			67
			-13
			53
			22
			51
			230
			27
			91
			117
			50
			-11
			132
			220
			346
			-105
			-48
			-37
			174
			12
			50
			-65
			32
			-55
			-142
			-321
			-208
			50
			10
			441
			-9
			3
			26
			100
			-32
			328
			32
			83
			323
			7
			67
			50
			79
			17
			25
			35
			165
			41
			-8
			9
			7
			-11
			26
			-56
			120
			80
			54
			112
			388
			-3
			2
			7
			291
			19
			4
			-21
			21
			19
			35
			80
			72
			2
			230
			111
			18
			-44
			8
			27
			14
			379
			-23
			-70
			11
			892
			157
			727
			544
			393
			-32
			39
			468
			6
			58
			121
			97
			53
			376
			305
			174
			-1
			69
			-17
			306
			323
			173
			63
			133
			414
			-11
			280
			232
			-307
			-77
			76
			376
			1,854
			-168
			28
			142
			-4
			-324
			141
			38
			-10
			-3
			202
			-16
			-148
			-253
			158
			-192
			944
			325
			3,161
			-103
			381
			3
			220
			-3,726
			-22
			215
			-80
			232
			336
			-260
			26
			-157
			119
			43

			-41
			-101
			334
			-143
			-115
			22
			296
			34
			-177
			111
			67
			-40
			-201
			3,692
			52
			-638
			1,308
			287
			1,128
			58
			-150
			69
			-1,100
			-23
			-138
			-368
			-92
			160
			4,697
			90
			3,109
			-260
			345
			10
			962
			430
			30
			-80
			76
			130
			395
			-49
			174
			39
			24
			-88
			-73
			-148
			-150
			235
			-171
			-16
			103
			58
			329
			-172
			-103
			44
			-104
			-142
			-145
			-236
			84
			-85
			12
			-15
			-24
			23
			-91
			94
			73
			246
			36
			-40
			71
			293
			119
			28
			-62
			-237
			-67
			33
			-14
			25
			-70
			260
			-14
			201
			52
			30
			66
			30
			13
			-89

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	66,133
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 ...................		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? Yes No

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	86,822	1,839,267	0.047205
2016	91,903	1,754,515	0.052381
2015	96,722	1,880,851	0.051425
2014	93,650	1,978,504	0.047334
2013	91,620	1,912,309	0.047911

Total of line 1, column (d) .....................

0.246256

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 ......

0.049251

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

1,816,330

Multiply line 4 by line 3......................

89,456

Enter 1% of net investment income (1% of Part I, line 27b)...........

805

Add lines 5 and 6........................

90,261

Enter qualifying distributions from Part XII, line 4,.............

90,024

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)

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 and enter “N/A" on line 1.
	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	1,610
	hereand 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	1,610
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	1,610
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	1,940
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

7	Total credits and payments. Add lines 6a through 6d..............		7	1,940
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	330
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax330	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

FIRST CITIZENS BANK Telephone no. bullet

(919) 716-7347

Located at bullet

PO BOX 29522RALEIGHNC ZIP+4 bullet

27626

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
FIRST CITIZENS BANK	TRUSTEE 40	24,424
PO BOX 29522 RALEIGH,NC27626	TRUSTEE 40	24,424

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...................				0

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,766,835

Average of monthly cash balances.......................

77,155

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,843,990

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,843,990

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

27,660

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,816,330

Minimum investment return. Enter 5% of line 5..................

90,817

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.)

Minimum investment return from Part X, line 6....................

90,817

Tax on investment income for 2018 from Part VI, line 5......

1,610

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,610

Distributable amount before adjustments. Subtract line 2c from line 1............

89,207

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

89,207

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

89,207

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

90,024

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

90,024

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

90,024

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)

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					89,207
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				90,024
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 90,024
a Applied to 2017, but not more than line 2a				90,024
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.....					0
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					89,207
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2018)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WAKE FOREST UNIVERSITY ATTN SHAIDA HORNER FINANCIAL ACCOUNTING SERVICES WINSTONSALEM,NC271097201	NONE	PC	ANNUAL DISTRIBUTION	45,012
MOUNT OLIVE COLLEGE ATTN JAY REBMAN CPA CONTROLLER 634 HENDERSON STREET MOUNT OLIVE,NC28365	NONE	PC	ANNUAL DISTRIBUTION	45,012
Total ................................. 3a				90,024

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	43,866
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	66,133
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)..				109,999

13Total. Add line 12, columns (b), (d), and (e)..................

109,999

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income
FEDERAL TAX PAYMENT - PRIOR YE	1,035	0
FEDERAL ESTIMATES - PRINCIPAL	1,940	0
FOREIGN TAXES ON QUALIFIED FOR	899	899
FOREIGN TAXES ON NONQUALIFIED	134	134

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
CVS HEALTH CORP	AT COST	1,787	1,572
CARDINAL HEALTH INC
CHEVRON CORP	AT COST	846	870
CISCO SYSTEM INC	AT COST	864	2,340
COMCAST CORP	AT COST	1,874	2,145
DELTA AIRLINES INC COM
DISCOVER FINANCIAL SERVICES
DR PEPPER SNAPPLE GROUP INC
EDWARDS LIFESCIENCES CORP
EXXON MOBIL CORP	AT COST	1,404	1,091
GENERAL ELEC CO
GILEAD SCIENCES INC
THE HOME DEPOT INC	AT COST	2,081	2,577
INTEL CORP	AT COST	1,961	2,581
IBM CORP
JP MORGAN CHASE & CO	AT COST	1,123	3,417
JOHNSON & JOHNSON	AT COST	697	1,807
KEYCORP OHIO
LOWE'S COMPANIES INC	AT COST	1,071	1,001
MICROSOFT CORP	AT COST	2,108	4,875
NORTHROP GRUMAN CORP
PFIZER, INC.	AT COST	2,649	3,230
SOUTHWEST AIRLINES
TEVA PHARMACEUTICAL INDS LTD A
TRAVELERS COMPANIES INC
UNITEDHEALTH GROUP INC	AT COST	1,015	2,740
VERIZON COMMUNICATIONS	AT COST	1,740	1,911
WELLS FARGO & COMPANY	AT COST	778	829
WESTERN UNION COMPANY
WYNDHAM WORLDWIDE CORP
AT&T INC.	AT COST	1,426	1,227
AETNA, INC
AMGEN INC	AT COST	1,827	1,752
APPLE, INC	AT COST	3,171	5,994
ASSURANT, INC.	AT COST	1,363	1,252
THE BOEING COMPANY	AT COST	2,472	2,258
AQR MANAGED FUTURES STRATEGY F
ABBVIE INC
ALPHABET INC CL A	AT COST	2,334	3,135
AMAZON INC	AT COST	3,808	6,008
BANK OF AMERICA CORP	AT COST	2,341	2,661
DARDEN RESTAURANTS INC
DOW CHEMICAL CO
FACEBOOK INC	AT COST	3,049	3,146
HCA HOLDINGS INC
HARTFORD FINL SVCS GROUP INC
OPPENHEIMER INTL GROWTH FD-Y
PIMCO STOCKSPLUS INTL (USD-HED	AT COST	33,261	28,261
SPDR S&P 500 ETF TRUST
SUNTRUST BANKS
TARGET CORP	AT COST	1,019	991
BAIRD AGGREGARE BD FD	AT COST	177,056	174,879
LITMAN GREGORY MASTERS ALTERNA	AT COST	15,592	14,853
MFS GLOBAL ALTERNATIVE
TORTOISE MLP & PIPELINE FD	AT COST	10,358	8,413
OPPENHEIMER STEELPATH MLP SELE	AT COST	7,870	6,511
AFFILIATED MGRS GROUP
AMEREN CORP	AT COST	1,063	1,239
AMERICAN BEACON BRIDGEWAY LRG
BERKSHIRE HATHAWAY INC - CL B	AT COST	1,862	2,246
BLACKROCK INC CL A
BLACKROCK INTL INDEX
CBS CORP CL B
CA INC
CENTURYLINK
CITRIX SYS INC
COCA COLA CO	AT COST	908	900
COLUMBIA MID CAP INDEX FD - Z
COLUMBIZ SMALL CAP INDEX FD -
COLUMBIA CONTRARIAN CORE	AT COST	30,008	27,983
CONCHO RESOURCES INC
CROWN CASTLE INTL CORP
DFA INTL REAL ESTATE	AT COST	10,294	8,812
WALT DISNEY	AT COST	1,229	1,316
DRIEHAUS EMERGING MKTS SMALL C
EQT CORP
EDISON INTL
EMERSON ELEC CO	AT COST	1,330	1,135
FIFTH THIRD BANCORP	AT COST	1,480	1,247
GAP STORES
GLENMEDE LRG CAP CORE	AT COST	46,484	41,441
GLOBAL PMTS INC
GOLDMAN SACHS INTL SMALL CAP I
HELMERICH & PAYNE INC
HENNESSY CORNERSTONE MID CAP 3
HEWLETT PACKARD ENTERPRISE CO
HOST HOTELS & RESORTS INC	AT COST	1,492	1,284
IVY INTL CORE EQUITY	AT COST	39,893	37,647
JPMORGAN TR I US SMALL CO FD C	AT COST	7,107	6,568
L-3 COMMUNICATIONS HLDGS INC
LAM RESEARCH CORP	AT COST	966	817
LAZARD INTL EQUITY	AT COST	25,144	23,010
THE MACERICH CO	AT COST	1,217	1,039
MCDONALD'S CORP	AT COST	1,760	1,953
MERCK & CO INC NEW	AT COST	1,515	1,605
MORGAN STANLEY INST FRONTIER E
NORDSTROM INC
NUCOR CORP
NUVEEN SMALL CAP VALUE	AT COST	10,269	8,741
OMNICOM GROUP INC
OPPENHEIMER INTL SMALL-MID CO	AT COST	3,551	3,645
PPL CORP
PEAR TREE POLARIS FOREIGN VALU	AT COST	4,785	4,329
PEPSICO INC
PHILIP MORRIS INTL INC
PIONEER FUNDAMENTAL GROWTH
PRINCIPAL REAL ESTATE SECURITI	AT COST	10,276	9,901
PROCTER & GAMBLE CO	AT COST	2,974	3,033
T ROWE PRICE MID-CAP GROWTH	AT COST	48,388	42,374
T ROWE PRICE QM US SMALL-CAP G	AT COST	9,281	9,801
RYDER SYSTEM INC
SMEAD VALUE
STANLEY BLACK & DECKER INC
TIAA-CREF EMERGING MKTS EQUITY	AT COST	21,438	22,708
TOTAL SYS SVCS INC	AT COST	1,098	1,057
TYSON FOODS INC CL A
UNITED PARCEK SVC INC
UNUM GROUP
VANGUARD 500 INDEX	AT COST	54,748	63,490
VISA INC	AT COST	2,338	2,771
WAL-MART STORES INC	AT COST	1,644	1,956
WASTE MGMT INC DEL	AT COST	1,242	1,335
WELLS FARGO SPECIAL MID CAP VA
FCB MID CAP
FCB SMALL CAP
BLACKROCK HIGH YIELD BD	AT COST	7,267	7,059
GOLDMAN SACHS EMERGING MKT DEB
GUGGENHEIM FLOATING RATE STRAT
IVY HIGH INCOME	AT COST	4,772	4,585
WELLS FARGO ADVANTAGE CORE BD	AT COST	191,188	185,209
FCB INTERMEDIATE BD
HSBC TOTAL RETURN
HARTFORD EMERGING MKTS LOCAL D	AT COST	16,186	11,706
AQR STYLE PREMIA ALT
AC ALTS MKT NEUTRAL VALUE	AT COST	17,618	16,073
DIAMOND HILL LONG-SHORT
361 GLOBAL LONG/SHORT EQUITY	AT COST	9,139	8,522
EATON CORP	AT COST	1,481	1,305
TE CONNECTIVITY LIMITED
ABBOTT	AT COST	1,430	2,315
ALLSTATE CORP	AT COST	1,180	1,322
ALPHABET INC/CA CL C	AT COST	3,358	3,107
ALTRIA GROUP	AT COST	2,040	1,630
AMERIPRISE FINL INC
ANSYS INC
ANTHEM INC	AT COST	741	1,313
AVERY DENNISON
BANK OF NY MELLON CORP
BAXTER INTL
BEST BUY	AT COST	751	900
ISHARES MSCI EAFE INTL INDEX	AT COST	81,062	79,085
BUFFALO DISCOVERY
CME GROUP	AT COST	1,091	1,693
CARNIVAL CORP	AT COST	1,270	1,085
CAUSEWAY EMERGING MKTS	AT COST	27,966	26,815
CERNER CORP
CINTAS CORP	AT COST	1,573	1,344
CITIGROUP INC	AT COST	2,017	1,770
CITIZENS FIN GROUP	AT COST	1,387	1,070
COGNIZANT TECH SOLU	AT COST	1,439	1,270
COLUMBIA MID CAP INDEX FD - I	AT COST	62,785	55,259
COLUMBIZ SMALL CAP INDEX FD -
CORNING
DTE ENERGY	AT COST	1,066	1,103
DANAHER CORP
DOWDUPONT
E*TRADE FIN
EASTMAN CHEMICAL
EBAY
ECOLAB INC	AT COST	1,304	1,621
EVERSOURCE ENERGY
FEDEX	AT COST	1,125	968
FIDELITY NATL INF
FISERV INC	AT COST	873	1,029
FORTUNE BRANDS HOME & SECURITY
GENERAL DYNAMICS
GENERAL MOTORS
GOLDMAN SACHS EMERGING MKTS EQ	AT COST	27,070	25,793
HUMANA	AT COST	1,413	1,432
ILLINOIS TOOL WORKS
IRON MOUNTAIN
THE ESTEE LAUDER CO
MFS MID CAP VALUE	AT COST	53,065	44,009
MARATHON PETROLEUM	AT COST	1,013	1,121
MORGAN STANLEY	AT COST	1,388	1,190
NEXTERA ENERGY
OCCIDENTAL PETE
PACKAGING CORP
PARKER HANNIFIN
PERKINELMER	AT COST	1,426	1,257
PROGRESSIVE CORP OHIO
QUANTA SVCS
QUEST DIAGNOSTICS	AT COST	1,206	999
RAYTHEON
REPUBLIC SVCS	AT COST	1,066	1,153
ROPER TECH
T ROWE PRICE EMERGING MKTS STO	AT COST	14,589	14,861
S&P GLOBAL
STATE STREET CORP
SYNOPSYS INC
TEXAS INSTRU	AT COST	1,733	1,985
TEXTRON INC
THERMO FISHER SCIENTIFIC	AT COST	1,023	1,567
3M CO
VALERO ENERGY	AT COST	1,078	1,050
WELLTOWER INC
XCEL ENERGY
XYLEM INC
YUM BRANDS	AT COST	1,216	1,471
TCW CORE FIXED-INCOME
ACCENTURE PLC	AT COST	1,587	1,410
INGERSOLL RAND PLC	AT COST	1,473	1,368
ALEXANDRIA REAL ESTATE EQ IN	AT COST	1,346	1,268
APPLIED MATLS INC	AT COST	1,689	1,441
ARCHER DANIELS MIDLAND CO.	AT COST	1,159	1,188
BAKER HUGHES A GE CO	AT COST	1,797	1,312
BOSTON PROPERTIES, INC	AT COST	1,080	1,013
BROADRIDGE FINANCIAL SOLUTIONS	AT COST	1,453	1,059
CIGNA CORP	AT COST	876	416
CELGENE CORPORATION	AT COST	1,616	1,410
CHURCH & DWIGHT INC	AT COST	938	1,118
COHEN & STEERS REAL ESTATE SEC	AT COST	7,659	7,163
COLUMBIA SMALL CAP INDEX FUND	AT COST	15,036	13,536
COMERICA INC	AT COST	1,490	1,236
COSTCO WHSL CORP NEW	AT COST	1,704	1,833
FIDELITY ADVISOR INTERNATIONAL	AT COST	4,434	4,099
GENUINE PARTS CO	AT COST	1,006	1,056
GOLDMAN SACHS INTERNATIONAL SM	AT COST	7,941	7,421
OAKMARK FUND	AT COST	31,293	24,225
IDEXX LABORATORIES, INC	AT COST	1,094	930
INTUIT INC	AT COST	1,311	1,378
WCM FOCUSED INTERNATIONAL GROW	AT COST	32,583	28,690
KIMCO REALTY CORP	AT COST	1,433	1,260
MASTERCARD INC	AT COST	2,359	2,264
MID-AMERICA APARTMENT COMMUNIT	AT COST	884	861
NETFLIX COM INC	AT COST	1,355	1,071
NORTHERN TR CORP	AT COST	1,428	1,170
NVIDIA CORP	AT COST	1,546	801
PEAR TREE POLARIS FOREIGN VALU	AT COST	36,809	32,328
PHILLIPS 66	AT COST	1,106	1,034
REGIONS FINANCIAL CORP	AT COST	1,553	1,204
ROBERT HALF INTL INC	AT COST	1,392	1,201
SALESFORCE COM INC	AT COST	914	959
SNAP-ON TOOLS CORP	AT COST	1,566	1,308
INFINITY Q DIVERSIFIED ALPHA F	AT COST	14,078	14,275
UNION PACIFIC CORP	AT COST	883	829
V.F. CORP	AT COST	1,370	1,070
VERISIGN INC	AT COST	986	1,038
WALGREENS BOOTS ALLIANCE INC	AT COST	1,418	1,298
ZOETIS INC	AT COST	1,321	1,369
AMERICAN BEACON GARCIA HAMILTO	AT COST	122,093	121,230
GOLDMAN SACHS ENHANCED INCOME	AT COST	136,202	136,057
T ROWE PRICE INSTITUTIONAL EM	AT COST	13,608	13,105
KELLNER MERGER FUND	AT COST	16,138	16,272
EATON VANCE GLOBAL MACRO ABSOL	AT COST	10,943	9,956
GLENMEDE SECURED OPTIONS PORTF	AT COST	10,363	8,933
BALTER L/S SMALL CAP EQUITY FU	AT COST	8,398	6,993