TY 2018 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

51-6179755

B Telephone number (see instructions)

(888) 730-4933

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

$4,443,828J 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...	102,144		100,798
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		176,028
b	Gross sales price for all assets on line 6a 1,292,702
7	Capital gain net income (from Part IV, line 2)...			176,028
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).......		6,757	6,757
12	Total. Add lines 1 through 11........	284,929		283,583
13	Compensation of officers, directors, trustees, etc.	61,405		55,264		6,140
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).......		996	0	0	996
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		7,040	2,496		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..........	69,441		57,760	0	7,136
25	Contributions, gifts, grants paid.......	249,992				249,992
26	Total expenses and disbursements. Add lines 24 and 25	319,433		57,760	0	257,128
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-34,504
b	Net investment income (if negative, enter -0-)			225,823
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.............
	2	Savings and temporary cash investments.........	150,577	209,638	209,638
	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)..........	3,871,855	3,769,157	4,234,190
	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)	4,022,432	3,978,795	4,443,828
	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........	4,022,432	3,978,795
	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).....	4,022,432	3,978,795
	31	Total liabilities and net assets/fund balances (see instructions).	4,022,432	3,978,795

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

4,022,432

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

-34,504

Other increases not included in line 2 (itemize) bullet

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

3,987,928

Decreases not included in line 2 (itemize) bullet

9,133

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

3,978,795

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	597.013 HARBOR INTERNATION FD INST #2011		2010-05-11	2018-03-09
b	130.789 HARBOR INTERNATION FD INST #2011		2017-12-18	2018-03-09
c	160. ISHARES RUSSELL 2000 ETF		2017-02-06	2018-03-09
d	618. ISHARES MSCI EAFE GROWTH		2014-10-31	2018-03-09
e	689.909 T ROWE PRICE BLUE CHIP-I #429		2016-11-14	2018-03-09
	151. AMERICAN ASSETS TRUST INC		2016-11-18	2018-03-29
	82. AMERICAN CAMPUS CMNTYS INC		2016-11-18	2018-03-29
	205. APARTMENT INVT & MGMT CO CL A		2016-11-18	2018-03-29
	22. AVALONBAY CMNTYS INC		2016-11-18	2018-03-29
	98. CHESAPEAKE LODGING TRUST		2016-11-18	2018-03-29
	90. CORESITE REALTY CORP		2016-11-18	2018-03-29
	133. CORPORATE OFFICE PROPERTIES COM		2016-12-01	2018-03-29
	101. CROWN CASTLE INTL CORP		2016-11-18	2018-03-29
	35. DIGITAL RLTY TR INC		2017-06-01	2018-03-29
	81. EPR PROPERTIES		2016-11-18	2018-03-29
	111. EXTRA SPACE STORAGE INC		2016-11-18	2018-03-29
	150. FIRST INDL RLTY TR INC COM		2016-11-18	2018-03-29
	319. GGP INC		2016-11-18	2018-03-29
	168. HCP INC		2016-11-18	2018-03-29
	52. INVITATION HOMES INC		2017-03-01	2018-03-29
	53. KILROY REALTY CORP COM		2016-12-01	2018-03-29
	171. KIMCO RLTY CORP		2017-02-13	2018-03-29
	261. MEDICAL PPTYS TR INC		2016-11-18	2018-03-29
	93. MID AMERICA APARTMENT COM		2016-11-18	2018-03-29
	124. NATIONAL RETAIL PPTYS INC		2016-11-18	2018-03-29
	160. OUTFRONT MEDIA INC		2016-11-18	2018-03-29
	194. PIEDMONT OFFICE REALTY TRU-A		2016-11-18	2018-03-29
	150. RLJ LODGING TRUST		2016-11-18	2018-03-29
	98. RLJ LODGING TRUST		2017-04-26	2018-03-29
	37. MANHATTAN ASSOCIATES, INC COM		2018-03-15	2018-04-11
	2. AMERICAN TOWER REIT		2018-03-29	2018-05-25
	3. BOSTON PROPERTIES INC COM		2018-03-29	2018-05-25
	16. BOSTON PROPERTIES INC COM		2017-02-13	2018-05-25
	3. CAMDEN PPTY TR SH BEN INT		2018-03-29	2018-05-25
	1. EQUINIX INC		2018-03-29	2018-05-25
	19. HOST HOTELS & RESORTS, INC.		2018-03-29	2018-05-25
	4. PROLOGIS INC		2018-03-29	2018-05-25
	2. SIMON PROPERTY GROUP INC		2017-02-13	2018-05-25
	10. TAUBMAN CTRS INC COM		2018-03-29	2018-05-25
	11. SITEONE LANDSCAPE SUPPLY INC		2018-03-15	2018-06-07
	3. AMERICAN TOWER REIT		2018-03-29	2018-06-18
	23. BOSTON PROPERTIES INC COM		2018-03-29	2018-06-18
	18. BOSTON PROPERTIES INC COM		2016-11-18	2018-06-18
	1. ESSEX PPTY TR COM		2018-03-29	2018-06-20
	1096. ISHARES TIPS BOND ETF		2016-11-14	2018-06-20
	11011.545 PRINCIPAL GL MULT STRAT-INST #4684		2017-12-26	2018-06-20
	6383.039 ROBECO BP LNG/SHRT RES-INS		2016-05-06	2018-06-20
	1174.398 ROBECO BP LNG/SHRT RES-INS		2017-12-26	2018-06-20
	46. HOST HOTELS & RESORTS, INC.		2018-03-29	2018-07-24
	5. SIMON PROPERTY GROUP INC		2017-02-13	2018-07-24
	5350.086 AQR MANAGED FUTURES STR-I		2013-07-03	2018-08-10
	7. ESSEX PPTY TR COM		2018-03-29	2018-08-27
	75. HOST HOTELS & RESORTS, INC.		2018-03-29	2018-08-27
	12. VENTAS INC COM		2017-02-13	2018-08-27
	9546.898 DRIEHAUS ACTIVE INCOME FUND		2013-07-03	2018-10-18
	2331.47 HARBOR INTERNATION FD INST #2011		2010-05-11	2018-10-18
	2510.04 PIMCO MODERATE DURATION-INST #120		2013-04-10	2018-10-18
	10977.973 PIMCO HIGH YIELD FD-INST #108		2016-04-15	2018-10-18
	2222.222 T ROWE CORPORATE INCOME FD #112		2016-11-14	2018-10-18
	10. HENRY JACK & ASSOC INC COM		2018-03-15	2018-11-01
	4. AMERICAN TOWER REIT		2018-03-29	2018-11-06
	5. ESSEX PPTY TR COM		2018-03-29	2018-11-06
	81. HOST HOTELS & RESORTS, INC.		2018-03-29	2018-11-06
	29. HUDSON PACIFIC PROPERTIES INC		2018-03-29	2018-11-06
	7. HUDSON PACIFIC PROPERTIES INC		2018-06-18	2018-11-06
	3. PUBLIC STORAGE INC COM		2017-02-13	2018-11-06
	1. RETAIL OPPORTUNITY INVESTMENTS CORP		2018-03-29	2018-11-06
	24. RETAIL OPPORTUNITY INVESTMENTS CORP		2018-05-25	2018-11-06
	5. SIMON PROPERTY GROUP INC		2017-02-13	2018-11-06
	1077. SPDR DOW JONES REIT ETF		2009-02-17	2018-11-26
	.4 CASS INFORMATION SYS INC		2018-03-15	2018-12-24
	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	41,015	30,704	10,311
b	8,985	8,779	206
c	25,164	21,791	3,373
d	50,172	41,595	8,577
e	75,000	49,459	25,541
	5,059	6,292	-1,233
	3,155	3,781	-626
	8,344	8,737	-393
	3,612	3,731	-119
	2,736	2,358	378
	9,039	6,652	2,387
	3,425	4,057	-632
	11,090	8,768	2,322
	3,684	4,114	-430
	4,486	5,789	-1,303
	9,661	8,041	1,620
	4,378	3,926	452
	6,563	8,067	-1,504
	3,897	4,982	-1,085
	1,181	1,062	119
	3,753	3,862	-109
	2,457	4,223	-1,766
	3,380	3,276	104
	8,466	8,712	-246
	4,845	5,277	-432
	2,983	3,854	-871
	3,415	3,954	-539
	2,926	3,359	-433
	1,911	2,228	-317
	1,556	1,638	-82
	273	290	-17
	358	370	-12
	1,912	2,151	-239
	257	253	4
	388	418	-30
	408	355	53
	257	252	5
	318	364	-46
	534	574	-40
	917	799	118
	413	435	-22
	2,726	2,837	-111
	2,133	2,183	-50
	233	241	-8
	122,937	125,060	-2,123
	122,889	125,000	-2,111
	105,575	101,678	3,897
	19,425	20,000	-575
	986	889	97
	849	910	-61
	47,455	54,204	-6,749
	1,707	1,688	19
	1,565	1,402	163
	703	751	-48
	92,223	102,000	-9,777
	138,769	119,907	18,862
	25,000	27,385	-2,385
	94,850	92,778	2,072
	20,000	21,067	-1,067
	1,488	1,250	238
	620	580	40
	1,247	1,206	41
	1,486	1,515	-29
	873	942	-69
	211	243	-32
	609	661	-52
	18	18
	422	425	-3
	915	910	5
	100,107	30,012	70,095
	21	21
			62,675

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			10,311
b			206
c			3,373
d			8,577
e			25,541
			-1,233
			-626
			-393
			-119
			378
			2,387
			-632
			2,322
			-430
			-1,303
			1,620
			452
			-1,504
			-1,085
			119
			-109
			-1,766
			104
			-246
			-432
			-871
			-539
			-433
			-317
			-82
			-17
			-12
			-239
			4
			-30
			53
			5
			-46
			-40
			118
			-22
			-111
			-50
			-8
			-2,123
			-2,111
			3,897
			-575
			97
			-61
			-6,749
			19
			163
			-48
			-9,777
			18,862
			-2,385
			2,072
			-1,067
			238
			40
			41
			-29
			-69
			-32
			-52

			-3
			5
			70,095

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	176,028
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	217,940	4,809,431	0.045315
2016	257,369	4,549,560	0.05657
2015	151,045	4,763,666	0.031708
2014	192,403	4,900,146	0.039265
2013	191,099	4,672,496	0.040899

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

0.213757

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 ......

0.042751

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

4,910,901

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

209,946

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

2,258

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

212,204

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

257,128

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	2,258
	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	2,258
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	2,258
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	3,886
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	3,886
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	1,628
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax1,628	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

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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). Click to see attachment

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
Wells Fargo Bank NA	TRUSTEE 1	61,405
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	61,405

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

4,844,712

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

140,974

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

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

4,985,686

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

4,985,686

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

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

74,785

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

4,910,901

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

245,545

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

245,545

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

2,258

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

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

2,258

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

243,287

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

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

243,287

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

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

243,287

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 ..........

257,128

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

257,128

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

2,258

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

254,870

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					243,287
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				163,225
b Total for prior years:2016, 2015, 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: $ 257,128
a Applied to 2017, but not more than line 2a				163,225
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.....					93,903
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 ..........					149,384
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).)

NONE

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.

NONE

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
ACTS RETIREMENT LIFE COMMUNITIES 375 MORRIS ROAD WEST POINT,PA19486	NONE	PC	GENERAL OPERATING	5,000
HISTORICAL SOCIETY OF DELAWARE CO DAVID YOUNGDIR 505 N MARKET ST WILMINGTON,DE19801	NONE	PC	GENERAL OPERATING	61,248
DELAWARE CURATIVE WORKSHOP ATTENTION GEORGE BARBER CFO 1600 WASHINGTON STREET WILMINGTON,DE19802	NONE	PC	GENERAL OPERATING	61,248
THE GRAND OPERA HOUSE CO MARK FIELDSDIR 818 N MARKET ST WILMINGTON,DE19801	NONE	PC	GENERAL OPERATING	61,248
DELAWARE ZOOLOGICAL SOCIETY INC ATTN MICHAEL ALLEN DIRECTOR 1001 N PARK DR WILMINGTON,DE19802	NONE	NC	GENERAL OPERATING	61,248
Total ................................. 3a				249,992

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	102,144
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	176,028
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aANNUITIES FROM NON			1	6,709
bOTHER INCOME			1	48
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				284,929

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

284,929

(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)

Yes

(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
1a(1)	61,248	DELAWARE CURATIVE WORKSHOP	CASH

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

- TIN:

TY 2018 AccountingFeesSchedule

Name:

WALRATH TW RES

EIN:

51-6179755

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	996			996

- TIN:

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

TY 2018 ExpenditureResponsibilityStmt

Name:

WALRATH TW RES

EIN:

51-6179755

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
DELAWARE CURATIVE WORKSHOP INC	1600 WASHINGTON ST WILMINGTON,DE19801	2018-11-26	61,248	REHABILITATIVE MEDICAL SERVICES	61,248	TO THE FOUNDATIONS KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED.	4/4/2019	2019-04-04	THE FOUNDATION HAS NO REASON TO DOUBT THE ACCURACY OF THE INFORMATION SUPPLIED BY THE GRANTEE

- TIN:

TY 2018 GeneralExplanationAttachment

Name:

WALRATH TW RES

EIN:

51-6179755

Identifier	Return Reference	Explanation
The compensation reported in column (c) is calculated based on	periodic market values and/or the applicable fee agreement. It is not	determined on an hourly basis and the reference to one hour per week is an estimate only. Corporate trustee services include, but are not limited to, administrative services such as fiduciary accounting, custody of assets, complying with tax filing requirements, complying with distribution provisions, and complying with federal and state laws applicable to private foundations, plus asset management services such as creating asset allocation strategies, investments reporting and reallocating and rebalancing of portfolios as necessary.

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

WALRATH TW RES

EIN:

51-6179755

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
32020R109 FIRST FINL BANKSHARE	AT COST	2,623	3,115
40418F108 HFF INC	AT COST	3,605	2,454
741478101 T ROWE CORPORATE INC	AT COST	103,933	99,295
464287655 ISHARES RUSSELL 2000	AT COST	128,930	134,971
31641Q763 FIDELITY NEW MRKTS I	AT COST	184,000	171,650
78464A607 SPDR DOW JONES REIT	AT COST	32,799	101,222
464287481 ISHARES TR RUSSELL M	AT COST	48,141	189,668
GTC997004 GAI CORBIN MULTI STR	AT COST	125,000	125,159
683974604 OPPENHEIMER DEVELOPI	AT COST	107,000	121,439
866674104 SUN CMNTYS INC COM	AT COST	8,114	8,950
828806109 SIMON PROPERTY GROUP	AT COST	16,733	15,959
426281101 HENRY JACK & ASSOC I	AT COST	1,875	1,898
515098101 LANDSTAR SYS INC COM	AT COST	3,344	2,870
885160101 THOR INDS INC	AT COST	4,460	1,924
441593100 HOULIHAN LOKEY INC	AT COST	3,095	2,392
04316A108 ARTISAN PARTNERS ASS	AT COST	2,562	1,702
75524W108 RE/MAX HOLDINGS INC	AT COST	4,126	2,091
693390593 PIMCO MODERATE DURAT	AT COST	112,351	103,083
464287200 ISHARES S & P 500 IN	AT COST	179,021	434,027
277911491 EATON VANCE FLOATING	AT COST	100,000	95,600
922042858 VANGUARD EMERGING MA	AT COST	90,695	127,978
464287473 ISHARES RUSSELL MIDC	AT COST	102,621	174,536
902641646 E-TRACS ALERIAN MLP	AT COST	124,841	81,769
464288877 ISHARES MSCI EAFE VA	AT COST	100,527	85,240
74925K581 ROBECO BP LNG/SHRT R	AT COST	112,822	110,076
00770G847 JOHCM INTERNATIONAL	AT COST	100,000	97,232
015271109 ALEXANDRIA REAL ESTA	AT COST	9,791	9,219
297178105 ESSEX PPTY TR COM	AT COST	4,099	4,169
133131102 CAMDEN PPTY TR SH BE	AT COST	7,559	7,836
444097109 HUDSON PACIFIC PROPE	AT COST	9,858	8,805
21870Q105 CORESITE REALTY CORP	AT COST	2,283	1,832
78410G104 SBA COMMUNICATIONS C	AT COST	5,571	5,342
03027X100 AMERICAN TOWER REIT	AT COST	17,154	22,621
035255108 ANIKA THERAPEUTICS I	AT COST	3,219	2,050
810186106 THE SCOTTS MIRACLE-G	AT COST	4,503	3,134
55303A105 MGM GROWTH PROPERTIE	AT COST	4,497	4,437
000843201 ACAP STRATEGIC FUND-	AT COST	125,000	104,003
GTY995004 GAI AGILITY INCOME F	AT COST	125,811	125,082
413838657 OAKMARK INTL SM CAP	AT COST	150,000	106,812
35086T109 FOUR CORNERS PROPERT	AT COST	6,912	7,519
46187W107 INVITATION HOMES INC	AT COST	6,909	6,908
74340W103 PROLOGIS INC	AT COST	12,151	14,152
163072101 CHEESECAKE FACTORY I	AT COST	4,581	4,133
056525108 BADGER METER INC COM	AT COST	3,548	3,592
029683109 AMERICAN SOFTWARE IN	AT COST	1,330	1,097
14808P109 CASS INFORMATION SYS	AT COST	2,894	2,964
29476L107 EQUITY RESIDENTIAL P	AT COST	6,621	6,997
44107P104 HOST HOTELS RESORTS	AT COST	7,524	6,951
29444U700 EQUINIX INC	AT COST	16,976	15,513
76131N101 RETAIL OPPORTUNITY I	AT COST	9,761	8,734
02665T306 AMERICAN HOMES 4 REN	AT COST	6,723	6,531
384109104 GRACO INC	AT COST	3,358	3,013
114340102 BROOKS AUTOMATION IN	AT COST	2,932	2,592
635017106 NATIONAL BEVERAGE CO	AT COST	3,718	2,943
062540109 BANK HAWAII CORP	AT COST	3,868	3,029
17243V102 CINEMARK HOLDINGS IN	AT COST	3,556	3,186
79546E104 SALLY BEAUTY HLDGS I	AT COST	2,785	2,881
256219106 DODGE & COX STOCK FU	AT COST	475,000	400,180
316389584 FIDELITY ADV INTER R	AT COST	100,000	93,833
464288885 ISHARES MSCI EAFE GR	AT COST	122,779	133,443
77958B402 T ROWE PRICE INST FL	AT COST	100,000	95,700
003021714 ABERDEEN EMERG MARKE	AT COST	107,000	102,756
77954Q403 T ROWE PRICE BLUE CH	AT COST	325,290	453,130
19248X307 COHEN & STEERS PR SE	AT COST	99,993	94,737
74460D109 PUBLIC STORAGE INC C	AT COST	6,119	6,072
71943U104 PHYSICIANS REALTY TR	AT COST	14,329	14,154
N22717107 CORE LABORATORIES N	AT COST	3,696	2,088
942622200 WATSCO INC CL A	AT COST	4,203	3,339
75524B104 RBC BEARINGS INC	AT COST	4,175	4,326
533900106 LINCOLN ELECTRIC HOL	AT COST	2,130	1,814
929236107 WD 40 CO	AT COST	2,117	2,932
74164M108 PRIMERICA INC	AT COST	3,428	3,322
82982L103 SITEONE LANDSCAPE SU	AT COST	5,086	3,924
876664103 TAUBMAN CTRS INC COM	AT COST	4,003	3,093
92276F100 VENTAS INC COM	AT COST	4,007	3,926
42225P501 HEALTHCARE TRUST OF	AT COST	4,612	4,353
749607107 RLI CORP COM	AT COST	2,480	2,691

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

WALRATH TW RES

EIN:

51-6179755

Description	Amount
MUTUAL FUND TIMING DIFFERENCE	8,082
PY RETURN OF CAPITAL ADJUSTMENT	476
COST BASIS ADJUSTMENT	122
FIXING TAX LOT ADJUSTMENT	453

- TIN:

TY 2018 OtherIncomeSchedule2

Name:

WALRATH TW RES

EIN:

51-6179755

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ANNUITIES FROM NONQUALIFIED PLANS (SECTI	6,709	6,709
OTHER INCOME	48	48

- TIN:

TY 2018 TaxesSchedule

Name:

WALRATH TW RES

EIN:

51-6179755

Category	Amount	Net Investment Income
FOREIGN TAXES	1,895	1,895
FEDERAL TAX PAYMENT - PRIOR YE	3,000	0
FEDERAL ESTIMATES - PRINCIPAL	1,544	0
FOREIGN TAXES ON QUALIFIED FOR	207	207
FOREIGN TAXES ON NONQUALIFIED	394	394