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
CAROL B PHELON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)12681 CREEKSIDE LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT MYERS, FL33919
A Employer identification number

81-3637307
B Telephone number (see instructions)

(239) 461-5900
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$17,841,969J 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) 14,700,939
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 133,681 133,681  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -29,276
b Gross sales price for all assets on line 6a 637,250
7 Capital gain net income (from Part IV, line 2)... 0
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........ 14,805,344 133,681  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,604 13,203   4,401
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)....... Click to see attachment 650 488 0 163
c Other professional fees (attach schedule).... Click to see attachment 10,451 7,838   2,613
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,786 2,682   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)....... Click to see attachment 64 48   14
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 31,555 24,259 0 7,191
25 Contributions, gifts, grants paid....... 75,944 75,944
26 Total expenses and disbursements. Add lines 24 and 25 107,499 24,259 0 83,135
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,697,845
b Net investment income (if negative, enter -0-) 109,422
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 89,473 664,963 664,963
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 1,016,609 Click to see attachment11,577,509 13,308,677
c Investments—corporate bonds (attach schedule)....... 352,751 Click to see attachment3,906,117 3,857,956
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment396 Click to see attachment10,373 Click to see attachment10,373
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,459,229 16,158,962 17,841,969
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 1,459,229 16,158,962
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)..... 1,459,229 16,158,962
31 Total liabilities and net assets/fund balances (see instructions). 1,459,229 16,158,962
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,459,229
2
Enter amount from Part I, line 27a .....................
2
14,697,845
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,888
4
Add lines 1, 2, and 3 ..........................
4
16,158,962
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
16,158,962
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 1599. ISHARES MSCI EAFE ETF   2015-12-17 2018-01-18
b 124. AVALONBAY CMNTYS INC COM   2015-12-16 2018-02-15
c 47. FRESENIUS MED CARE AG&CO KGAA SPONSORED ADR   2018-01-23 2018-02-20
d 36. ADIDAS AG ADR   2018-01-23 2018-02-21
e 113. ROCHE HLDG LTD SPONSORED ADR   2018-01-23 2018-02-22
26. SHIRE PLC SPONSORED ADR   2018-02-02 2018-03-08
122. INDUSTRIA DE DISENO TEXTIL IND ADR   2018-01-23 2018-03-09
99. MARVELL TECHNOLOGY GROUP LTD ORD   2018-01-23 2018-03-15
25. ICON PLC SHS   2018-01-23 2018-03-16
80. IMPERIAL BRANDS PLC SPON ADR   2018-01-23 2018-03-22
79. CHINA MOBILE LIMITED SPONSORED ADR   2018-01-23 2018-03-28
206. VODAFONE GROUP PLC NEW SPNSR ADR NO PAR   2018-03-29 2018-04-09
32. CHINA PETE & CHEM CORP SPON ADR H SHS   2018-03-29 2018-04-10
231. UBS GROUP AG SHS   2018-03-29 2018-04-11
202. TATA MTRS LTD SPONSORED ADR   2018-03-29 2018-04-12
9. METTLER-TOLEDO INTL INC COM   2018-03-29 2018-04-13
159. ESSENT GROUP LTD COM   2018-03-29 2018-04-16
13. CNOOC LTD SPONSORED ADR   2018-01-23 2018-04-19
51. ROYAL CARIBBEAN CRUISES LTD COM   2018-03-29 2018-05-07
33. PJSC LUKOIL SPONSORED ADR   2018-03-29 2018-05-11
26. ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG A SHS   2018-01-23 2018-05-11
429. CHINA LIFE INS CO LTD SPON ADR REP H   2018-03-29 2018-05-16
206. TOWER SEMICONDUCTOR LTD SHS NEW   2018-04-27 2018-05-21
229. ING GROEP N V SPONSORED ADR   2018-03-29 2018-05-23
19. ACCENTURE PLC CLASS A ORDINARY SHARES   2018-03-29 2018-06-08
248. CREDIT SUISSE GROUP SPONSORED ADR   2018-03-29 2018-06-13
10. YY INC ADS REPCOM CLA   2018-04-30 2018-06-14
. BAYER A G SPONSORED ADR     2018-07-02
116. BNP PARIBAS SPONSORED ADR   2018-03-29 2018-07-06
77. KB FINANCIAL GROUP INC SPONSORED ADR   2018-03-29 2018-07-25
30. ORTHOFIX INTL N V COM   2018-03-29 2018-07-26
36. SONY CORP ADR NEW   2018-01-23 2018-07-27
185. CANON INC SPONSORED ADR   2018-03-29 2018-07-30
26. METHANEX CORP COM   2018-03-29 2018-08-15
42. COPA HOLDINGS SA CL A   2018-06-21 2018-08-22
138. BAYER A G SPONSORED ADR   2018-03-29 2018-08-23
27. ACCENTURE PLC CLASS A ORDINARY SHARES   2018-03-29 2018-08-24
114. TENCENT HLDGS LTD ADR   2018-03-29 2018-08-27
1208.313 BOSTON PARTNERS LONG/SHORT EQUITY FUND - INSTL #7013   2017-06-26 2018-09-07
43. TOYOTA MTR CORP SPONSORED ADR   2018-03-29 2018-09-14
27. CNOOC LTD SPONSORED ADR   2018-03-29 2018-09-20
36. YY INC ADS REPCOM CLA   2018-04-30 2018-09-24
391. BRIGHTSPHERE INVESTMNT GRP PLC SHS   2018-03-29 2018-09-24
.9 GARRETT MOTION INC COM   2015-08-10 2018-10-26
21. GARRETT MOTION INC COM   2015-12-16 2018-10-29
56. ANHEUSER BUSCH INBEV SPONSORED ADR   2018-03-29 2018-10-30
32. RENAISSANCERE HOLDINGS LTD COM   2018-08-15 2018-11-02
246. BASF SE SPONSORED ADR   2018-03-29 2018-11-05
.5 RESIDEO TECHNOLOGIES INC COM   2015-08-10 2018-11-06
205. TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADR   2018-05-07 2018-11-06
36. RESIDEO TECHNOLOGIES INC COM   2015-12-16 2018-11-07
197. FIAT CHRYSLER AUTOMOBILES N V SHS   2018-03-29 2018-11-07
173. EVERTEC INC COM   2018-08-17 2018-11-08
80. KONINKLIJKE AHOLD DELHAIZE N V SPONSORED ADR NE   2018-04-20 2018-11-14
19. MELLANOX TECHNOLOGIES LTD SHS   2018-07-25 2018-11-16
346. RESIDEO TECHNOLOGIES INC COM   2015-12-16 2018-11-19
102. MASONITE INTL CORP NEW COM   2018-10-16 2018-11-30
100000. WESTERN BROWN OHIO LOC SCH DIS GO REF BDS 3.00% DTD 03/15/2011   2015-08-10 2018-12-01
18821.966 BALTER EUROPEAN L/S SMALL CAP FUND INST   2018-09-07 2018-12-10
189. CANADIAN NAT RES LTD COM   2018-09-06 2018-12-31
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 117,668   94,629 23,039
b 19,930   22,475 -2,545
c 2,514   2,652 -138
d 4,023   4,099 -76
e 3,366   3,482 -116
3,457   3,768 -311
1,801   2,176 -375
2,318   2,326 -8
3,031   2,871 160
2,609   3,373 -764
3,612   4,115 -503
5,997   6,218 -221
3,008   2,831 177
4,022   4,438 -416
5,496   5,925 -429
5,114   5,680 -566
5,819   7,339 -1,520
2,180   2,068 112
5,412   6,268 -856
2,326   2,272 54
1,864   1,842 22
6,129   6,636 -507
5,091   6,003 -912
3,584   3,878 -294
3,063   2,877 186
3,890   4,216 -326
1,138   967 171
57     57
3,660   4,313 -653
3,694   4,700 -1,006
1,801   1,783 18
1,932   1,864 68
5,959   7,042 -1,083
1,853   1,576 277
3,481   4,202 -721
3,276   4,290 -1,014
4,460   4,048 412
5,281   6,497 -1,216
24,468   25,000 -532
5,265   5,722 -457
5,006   4,062 944
2,599   3,482 -883
4,991   6,484 -1,493
13   10 3
320   236 84
4,145   6,278 -2,133
3,955   4,157 -202
4,860   6,852 -1,992
11   9 2
4,152   4,335 -183
854   651 203
3,306   4,395 -1,089
4,963   4,164 799
2,077   1,916 161
1,761   1,566 195
7,188   6,255 933
5,491   6,266 -775
100,000   100,000  
180,503   212,500 -31,997
4,556   6,447 -1,891
      2,850
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       23,039
b       -2,545
c       -138
d       -76
e       -116
      -311
      -375
      -8
      160
      -764
      -503
      -221
      177
      -416
      -429
      -566
      -1,520
      112
      -856
      54
      22
      -507
      -912
      -294
      186
      -326
      171
      57
      -653
      -1,006
      18
      68
      -1,083
      277
      -721
      -1,014
      412
      -1,216
      -532
      -457
      944
      -883
      -1,493
      3
      84
      -2,133
      -202
      -1,992
      2
      -183
      203
      -1,089
      799
      161
      195
      933
      -775
       
      -31,997
      -1,891
       
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 -29,276
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 8,928 1,600,074 0.00558
2016 850 487,884 0.001742
2015      
2014      
2013      
2
Total of line 1, column (d) .....................
2
0.007322
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
0.003661
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
4,521,606
5
Multiply line 4 by line 3......................
5
16,554
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,094
7
Add lines 5 and 6........................
7
17,648
8
Enter qualifying distributions from Part XII, line 4,.............
8
83,135
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 1,094
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 1,094
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 1,094
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 400
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.............. 7 400
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 9 694
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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 addressbullet  
    14
    The books are in care ofbulletFINEMARK NATIONAL BANK & TRUST Telephone no.bullet (239) 461-5900

    Located atbullet12681 CREEKSIDE LANEFORT MYERSFL ZIP+4bullet33919
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FINEMARK NATIONAL BANK & TRUST TRUSTEE
    2     		6,532    
    12681 CREEKSIDE LAND
    FORT MYERS,FL33919
    WALTER G BURKERT TRUSTEE
    2     		11,072    
    2419 WESTMINISTER DR
    CONCORD,NC28027
    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.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,360,753
    b
    Average of monthly cash balances.......................
    1b
    229,710
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,590,463
    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
    4,590,463
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    68,857
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,521,606
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    226,080
    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
    226,080
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,094
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,094
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    224,986
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    224,986
    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
    224,986
    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
    83,135
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    83,135
    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
    1,094
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    82,041
    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 7 224,986
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 75,944
    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: bullet$ 83,135
    a Applied to 2017, but not more than line 2a 75,944
    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..... 7,191
    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 ..........     		217,795
    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)
    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 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)
    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
    CANCER ALLIANCE OF NAPLES
    3384 WOODS EDGE CIRCLE SUITE 102
    BONITA SPRINGS,FL34109     		NONE PC GENERAL OPERATIONS 3,944
    NAPLES SENIOR CENTER AT JFCS
    5025 CASTELLO DRIVE
    NAPLES,FL34103     		NONE PC GENERAL OPERATIONS 3,000
    HUMANE SOCIETY OF COLLIER COUNTY
    370 AIRPORT-PULLING ROAD N
    NAPLES,FL34104     		NONE PC GENERAL OPERATIONS 10,000
    HABITAT FOR HUMANITY OF COLLIER COUNTY
    11145 TAMIAMI TRAIL E
    NAPLES,FL34113     		NONE PC GENERAL OPERATIONS 10,000
    HARRY CHAPLIN FOOD BANK OF SW FL
    3760 FOWLER STREET
    FORT MYERS,FL33901     		NONE PC GENERAL OPERATIONS 8,000
    THE SHELTER FOR ABUSED WOMEN & CHLDREN
    PO BOX 10102
    NAPLES,FL34101     		NONE PC GENERAL OPERATIONS 4,000
    NEIGHBORHOOD HEALTH CLINIC
    121 GOODLETTE ROAD NORTH
    NAPLES,FL34102     		NONE PC GENERAL OPERATIONS 5,000
    SHY WOLF SANCTUARY
    POB 3032
    NAPLES,FL34106     		NONE PC GENERAL OPERATIONS 2,000
    GOODWILL INDUSTRIES OF SW FL
    5100 TICE STREET
    FORT MYERS,FL33905     		NONE PC GENERAL OPERATIONS 8,000
    ANIMAL REFUGE CENTER
    PO BOX 62605
    FORT MYERS,FL33906     		NONE PC GENERAL OPERATIONS 2,000
    FRIENDS OF ROOKERY BAY
    300 TOWER ROAD
    NAPLES,FL34113     		NONE PC GENERAL OPERATIONS 2,000
    THE EDUCATION FOUNDATION
    3606 ENTERPRISE AVE STE 150
    NAPLES,FL34104     		NONE PC GENERAL OPERATIONS 4,000
    BOYS & GIRLS CLUB OF COLLIER COUNTY
    7500 DAVIS BOULEVARD
    NAPLES,FL34104     		NONE PC GENERAL OPERATIONS 6,000
    COLLIER HARVEST FOUNDATION
    PO BOX 11143
    NAPLES,FL34101     		NONE PC GENERAL OPERATIONS 2,000
    GRACE PLACE FOR CHILDREN & FAMILIES
    PO BOX 990531
    NAPLES,FL34116     		NONE PC GENERAL OPERATIONS 6,000
    Total .................................bullet 3a 75,944
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 133,681  
    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 -29,276  
    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)..   104,405  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    104,405
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    CAROL B PHELON FOUNDATION
     
    Employer identification number

    81-3637307
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    CAROL B PHELON FOUNDATION
          		Employer identification number
    81-3637307
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CAROL B PHELON TRUST  
    12681 CREEKSIDE LANE
     
    FORT MYERS, FL33919

    		$ 14,700,939


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    CAROL B PHELON FOUNDATION
          		Employer identification number

    81-3637307
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SECURITIES $ 14,392,290 2018-11-14
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    CAROL B PHELON FOUNDATION
          		Employer identification number

    81-3637307
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 650 488   163

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS NT 197,780 192,394
    DOUBLELNE TOTAL RET BD FD 52,436 50,422
    GOLDMAN SACHS HIGH YD FD 453,764 473,963
    ABBEY CAPITAL FUTURES STRETEGY 650,000 621,562
    AMERISOURCEBERGEN CORP 3.40% 201,068 195,070
    APPLE INC GLBL NT 2.40% 196,822 193,386
    DISNEY WALT CO MTNS FR 3.15% 206,388 195,166
    EGG HARBOR WIS GO BDS 3.5% 102,420 101,235
    EXXON MOBIL CORP SR GLBL NT 2. 200,818 197,120
    FRANKFORT KY ELEC 2.50% 50,455 50,090
    GENERAL DYNAMICS CORP NT 3.375 200,293 201,384
    HARRISON TWP BDS 3.00% 101,393 100,738
    HONEYWELL INTL INC NT 3.35% 201,376 202,262
    JPMORGAN CHASE & CO NT 3.25% 201,488 198,412
    LANCASTER CNTY NEB SCH BDS 5.0 50,947 50,057
    OKLAHOMA CNTY BDS 3.00% 50,477 50,000
    UNITEDHEALTH GROUP INC SR NT 3 201,050 200,916
    VANGUARD LIMITED-TERM TAX-EXEM 475,000 472,390
    WEST FARGO N D PK DIST BDS 3.0 112,142 111,389

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 229,084 315,480
    AT&T INC 179,206 148,408
    AVALONBAY CMNTYS    
    BLACKROCK INC 232,194 274,974
    BOEING CO 162,605 354,750
    BRISTOL MYERS SQUIBB 249,228 218,316
    CAPITAL ONE FINL 228,463 222,991
    CISCO SYS INC 239,612 376,971
    CME GROUP 234,417 460,894
    COCA COLA 21,529 23,486
    DISNEY WALT CO 23,417 23,027
    DOW CHEM CO 250,746 267,400
    DUKE ENERGY 197,726 237,325
    EXXON MOBIL CORP 249,344 218,208
    HOME DEPOT INC 212,130 309,276
    HONEYWELL INTL 230,521 303,876
    ISHARES MSCI EAFE 896,633 890,576
    ISHARES RUSSELL 1,286,162 1,513,070
    JPMORGAN CHASE 199,701 286,417
    KRAFT HEINZ 246,804 137,728
    LOCKHEED MARTIN 239,591 288,024
    MEDTRONIC PLC 22,154 26,106
    MERCK & CO 232,973 313,281
    MICROSOFT 215,556 439,798
    NIKE INC 222,189 263,197
    PEPSICO 238,308 265,152
    PFIZER INC 23,611 30,293
    PROCTER & GAMBLE 228,450 275,760
    RAYTHEON CO 212,578 276,030
    ROYAL DUTCH SHELL PLC 245,465 284,707
    SPDR S&P MIDCAP 498,021 590,207
    UNITED PARCEL 233,423 224,319
    UNITED TECHNOLOGIES 243,125 266,200
    VANGUARD FTSE 14,514 14,554
    VERIZON COMMUNICATION 197,369 238,935
    WELLS FARGO & CO 246,294 198,098
    BLACKSTONE ALTERNATIVE 450,000 431,107
    BOSTON PARTNERS FD    
    ALLIANZ SE SP ADR 6,830 6,086
    BP PLC SPON ADR 4,613 4,020
    CANADIAN NAT RES LTD COM 6,447 4,561
    CANADIAN PAC RY LTD COM 6,350 5,329
    CATALYST/MILLBURN HEDGE STRATE 212,500 199,045
    CHINA PETE & CHEM CORP SPON AD 6,118 5,083
    COTT CORP QUE COM 6,509 5,771
    CREDIT SUISSE GROUP SPONSORED 4,118 3,291
    EVEREST RE GROUP LTD COM 4,041 3,920
    GARRETT MOTION INC COM 2,339 2,567
    GLAXOSMITHKLINE PLC SPONSORED 4,036 4,127
    ISHARES MSCI EMERGING MARKETS 306,069 277,326
    KONINKLIJKE AHOLD DELHAIZE 5,279 6,006
    LYONDELLBASELL INDUSTRIES 6,146 4,657
    MELLANOX TECHNOLOGIES LTD SHS 2,720 3,049
    METHANEX CORP COM 7,685 6,358
    MICHELIN COMPAGNIE GENERALE DE 4,188 3,588
    MITSUBISHI UFJ FINL GROUP INC 3,889 3,969
    NASPERS LTD SPONSORED ADR 4,288 3,981
    NESTLE S A SPONSORED ADR 6,169 6,233
    NOVARTIS AG SPONSORED ADR 6,306 6,693
    NOVO NORDISK A S ADR 5,865 6,450
    OPEN TEXT CORP COM 4,321 4,108
    ORTHOFIX MED INC COM 6,091 5,774
    PJSC LUKOIL SPONSORED ADR 6,468 6,699
    POPULAR INC COM NEW 6,002 5,430
    SANOFI SPONSORED ADR 5,470 5,904
    SIEMENS A G SPONSORED ADR 6,417 5,733
    SONY CORP ADR NEW 6,858 6,614
    SPDR S&P 500 ETF 678,381 749,760
    SUN LIFE FINL INC COM 4,149 3,485
    SWISS RE LTD SPONSORED ADR 4,362 4,205
    VALERO ENERGY CORP NEW COM 218,481 247,401
    VANGUARD WHITEHALL 670,874 678,513
    WPP PLC NEW ADR 3,987 4,000

    TY 2018 OtherAssetsSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUALS 396 10,373 10,373


    TY 2018 OtherExpensesSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 7 5   0
    OTHER EXPENSE (NON-DEDUCTIBLE 57 43   14


    TY 2018 OtherIncreasesSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Description Amount
    PRIOR PERIOD ADJUSTMENT 1,888


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 653 490   163
    TRUSTEE FEES - INCOME (NON-DED 4,899 3,674   1,225
    TRUSTEE FEES-PRIN (NON-DEDUCTI 4,899 3,674   1,225


    TY 2018 TaxesSchedule
    Name:
    CAROL B PHELON FOUNDATION
    EIN:
    81-3637307
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,417 1,417   0
    FEDERAL ESTIMATES - PRINCIPAL 104 0   0
    FOREIGN TAXES ON QUALIFIED FOR 1,155 1,155   0
    FOREIGN TAXES ON NONQUALIFIED 110 110   0