TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
FRANK B FRANCIS CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212

A Employer identification number

25-6888888

B Telephone number (see instructions)

(412) 762-3792

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

$2,534,105J 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...	62,965		62,965
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		438,712
b	Gross sales price for all assets on line 6a 3,296,406
7	Capital gain net income (from Part IV, line 2)...			438,712
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........	501,677		501,677
13	Compensation of officers, directors, trustees, etc.	35,540		26,655		8,885
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).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		11,713	225		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).......		601	601
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	47,854		27,481	0	8,885
25	Contributions, gifts, grants paid.......	122,664				122,664
26	Total expenses and disbursements. Add lines 24 and 25	170,518		27,481	0	131,549
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	331,159
b	Net investment income (if negative, enter -0-)			474,196
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.............	125,981	139,605	139,605
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	551,884
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,833,585	2,702,997	2,394,500
	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)	2,511,450	2,842,602	2,534,105
	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........	2,502,705	2,827,911
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	8,745	14,691
	30	Total net assets or fund balances (see instructions).....	2,511,450	2,842,602
	31	Total liabilities and net assets/fund balances (see instructions).	2,511,450	2,842,602

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

2,511,450

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

331,159

Other increases not included in line 2 (itemize) bullet

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

2,842,609

Decreases not included in line 2 (itemize) bullet

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

2,842,602

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	143. BAXTER INTERNATIONAL INC			2018-01-03
b	71. BAXTER INTERNATIONAL INC			2018-01-03
c	4. HOME DEPOT INC COM		2016-08-15	2018-02-02
d	3. MOHAWK INDS INC		2016-07-28	2018-02-02
e	1. MOHAWK INDS INC		2017-02-02	2018-02-02
	23. THOR INDUSTRIES INC		2017-02-24	2018-02-02
	63. BIOVERATIV INC-W/I MERGED 03/09/18 @ $105.00 P/S		2017-10-30	2018-02-14
	33. PEPSICO INC COM		1985-05-06	2018-02-20
	17. MOHAWK INDS INC			2018-02-22
	51. PROLOGIS INC			2018-02-22
	89. ALLISON TRANSMISSION HOLDING			2018-02-26
	48. ALLISON TRANSMISSION HOLDING		2017-08-03	2018-02-26
	35. PEPSICO INC COM		1985-05-06	2018-03-06
	14. SHERWIN-WILLIAMS CO			2018-03-06
	65. ORACLE CORP		2017-08-03	2018-03-12
	33. STANLEY BLACK & DECKER INC		2017-11-01	2018-03-12
	57. DOLLAR TREE INC			2018-03-13
	70. FIRST REPUBLIC BANK/FRAN			2018-03-13
	22. BROADCOM LTD EXCH 04/05/18			2018-03-21
	5. THOR INDUSTRIES INC		2017-02-24	2018-03-26
	23. THOR INDUSTRIES INC			2018-03-26
	41. ALTRIA GROUP INC		2013-10-07	2018-03-28
	5. STRYKER CORP		2017-10-30	2018-03-28
	25. STRYKER CORP		2017-03-14	2018-03-28
	6761.696 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO			2018-04-06
	472.525 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO			2018-04-06
	271.344 TEMPLETON GLOBAL BOND FUND AD FUND			2018-04-06
	4462.871 TEMPLETON GLOBAL BOND FUND AD FUND			2018-04-06
	25. ILLINOIS TOOL WORKS INC COM			2018-04-19
	53. OWENS CORNING INC		2017-11-27	2018-04-27
	198. ISHARES MSCI EAFE SMALL-CAP ETF		2017-11-30	2018-04-30
	15. ANALOG DEVICES INC		2017-06-13	2018-05-03
	90. YUM CHINA HOLDINGS INC -W/I		2017-04-19	2018-05-03
	73. COGNIZANT TECHNOLOGY SOLUTIONS			2018-05-09
	142. DOWDUPONT INC			2018-05-11
	96. BERRY GLOBAL GROUP INC			2018-05-16
	30. HONEYWELL INTL INC			2018-05-16
	16. ADOBE SYSTEMS INC			2018-05-22
	41. ANALOG DEVICES INC		2017-06-13	2018-05-29
	37. COMCAST CORPORATION CL A			2018-05-29
	18. DOWDUPONT INC		2016-10-03	2018-05-29
	487. AES CORP			2018-05-31
	38. AES CORP		2017-12-08	2018-05-31
	144. ABBVIE INC			2018-05-31
	24. ABBVIE INC			2018-05-31
	175. ACADIA HEALTH CARE CO INC		2017-08-11	2018-05-31
	79. ADOBE SYSTEMS INC			2018-05-31
	52. AGILENT TECHNOLOGIES (IPO)		2017-04-21	2018-05-31
	14. ALPHABET INC/CA-CL A			2018-05-31
	13. AMAZON.COM INC			2018-05-31
	71. AMERIPRISE FINANCIAL INC			2018-05-31
	77. AMGEN INC			2018-05-31
	18. AMGEN INC		2017-11-27	2018-05-31
	69. ANSYS INC		2017-06-30	2018-05-31
	141. APPLE INC			2018-05-31
	94. APPLIED MATERIALS INC			2018-05-31
	156. ARCHER DANIELS MIDLAND CO			2018-05-31
	1316.598 ARTISAN INTERNATIONAL FD-ADV			2018-05-31
	46. AUTOMATIC DATA PROCESSING INC		2018-05-29	2018-05-31
	68. BOK FINL CORP NEW			2018-05-31
	3648.31 BAIRD MIDCAP INST			2018-05-31
	56. BANCO BILBAO VIZCAYA ARGENTARIA S A		2017-12-08	2018-05-31
	1223. BANCO BILBAO VIZCAYA ARGENTARIA S A			2018-05-31
	459. BANK OF AMERICA CORP			2018-05-31
	54. BAXTER INTERNATIONAL INC			2018-05-31
	14. BIOGEN INC			2018-05-31
	27. BOEING CO			2018-05-31
	92. BORG WARNER INC.			2018-05-31
	8. BURLINGTON STORES INC		2017-10-30	2018-05-31
	38. BURLINGTON STORES INC			2018-05-31
	100. CBRE GROUP INC			2018-05-31
	84. CDW CORP/DE			2018-05-31
	97. CAPITAL ONE FINANCIAL CORP		2017-09-28	2018-05-31
	84. CARNIVAL CORP SEDOL 2523044			2018-05-31
	43. CELANESE CORP		2018-05-16	2018-05-31
	171. COCACOLA CO			2018-05-31
	78. COCACOLA CO			2018-05-31
	147. COMCAST CORPORATION CL A			2018-05-31
	23. CONSTELLATION BRANDS INC CL A			2018-05-31
	52. CULLEN FROST BANKERS INC			2018-05-31
	12. CULLEN FROST BANKERS INC			2018-05-31
	656. XTRACKERS MSCI JAPAN HEDGED ETF			2018-05-31
	3923. XTRACKERS MSCI EUROPE HEDGED ETF			2018-05-31
	90. XTRACKERS MSCI EUROPE HEDGED ETF		2017-12-08	2018-05-31
	32. DANAHER CORP		2017-08-10	2018-05-31
	93. DANAHER CORP			2018-05-31
	52. DOWDUPONT INC			2018-05-31
	117. EQT CORPORATION			2018-05-31
	12. EQT CORPORATION			2018-05-31
	139. EAST WEST BANCORP INC		2018-03-13	2018-05-31
	51. EASTMAN CHEM CO		2018-03-06	2018-05-31
	5. FACEBOOK INC		2018-05-09	2018-05-31
	82. FACEBOOK INC			2018-05-31
	15. FEDEX CORPORATION		2018-05-16	2018-05-31
	79. GENERAL DYNAMICS CORP			2018-05-31
	87. HALLIBURTON CO			2018-05-31
	111. HALLIBURTON CO			2018-05-31
	1276.666 HARDING LOEVNER INTERNATIONAL EQUITY PORTFOLIO			2018-05-31
	127. HOME DEPOT INC COM			2018-05-31
	20. HUNTINGTON INGALLS INDS INC			2018-05-31
	115. INTEL CORP			2018-05-31
	12. INTUITIVE SURGICAL INC			2018-05-31
	819. ISHARES TIPS BOND ETF			2018-05-31
	66. ISHARES TIPS BOND ETF			2018-05-31
	179. ISHARES CORE US AGGREGATE BOND ETF			2018-05-31
	2719. ISHARES CORE US AGGREGATE BOND ETF			2018-05-31
	1327. ISHARES MSCI EMERGING MKTS INDEX FUND			2018-05-31
	199. ISHARES MSCI EMERGING MKTS INDEX FUND		2017-11-30	2018-05-31
	188. ISHARES TR S&P SMLCP VALU			2018-05-31
	170. ISHARES TR S&P SMLCP GROW			2018-05-31
	1766. ISHARES EDGE MSCI USA QUALITY FACTOR ETF			2018-05-31
	1257. ISHARES EDGE MSCI USA VALUE FACTOR ETF			2018-05-31
	73. J P MORGAN CHASE & CO COM			2018-05-31
	265. KROGER CO		2017-06-13	2018-05-31
	20. LAM RESEARCH CORP			2018-05-31
	31. LAUDER ESTEE COS INC CL A		2017-09-27	2018-05-31
	169. LENNAR CORP			2018-05-31
	3. LENNAR CORP CLASS B			2018-05-31
	5743.826 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I			2018-05-31
	14.559 MAINSTAY EPOCH GLOBAL EQUITY YIELD FUND CLASS I		2017-12-08	2018-05-31
	41. MARRIOTT INTERNATIONAL INC CL A		2018-03-13	2018-05-31
	49. MARTIN MARIETTA MATLS INC			2018-05-31
	4. MASTERCARD INC CL A		2017-10-30	2018-05-31
	28. MASTERCARD INC CL A			2018-05-31
	19. MCDONALDS CORP COM			2018-05-31
	32. MCDONALDS CORP COM		2017-05-09	2018-05-31
	318. MICROSOFT CORP			2018-05-31
	38. MICROSOFT CORP		2018-05-09	2018-05-31
	7. MICROCHIP TECHNOLOGY INC		2017-12-08	2018-05-31
	140. MICROCHIP TECHNOLOGY INC			2018-05-31
	92. MICRON TECHNOLOGY INC		2018-03-21	2018-05-31
	927. MITSUBISHI UFJ FINL GRP ADR			2018-05-31
	179. MONDELEZ INTERNATIONAL			2018-05-31
	89. MORGAN STANLEY			2018-05-31
	43. MOTOROLA SOLUTIONS INC			2018-05-31
	120. NATIONAL FUEL GAS CO N J COM			2018-05-31
	33. NATIONAL FUEL GAS CO N J COM		2017-07-10	2018-05-31
	13. NORTHROP GRUMMAN CORPORATION			2018-05-31
	105. NOVARTIS AG SPONSORED ADR			2018-05-31
	4. OSHKOSH CORPORATION CLASS B		2017-06-14	2018-05-31
	132. OSHKOSH CORPORATION CLASS B			2018-05-31
	26. PPG INDS INC COM		2017-08-10	2018-05-31
	68. PPG INDS INC COM			2018-05-31
	22. PARKER HANNIFIN CORP		2017-04-12	2018-05-31
	9. PARKER HANNIFIN CORP		2017-12-08	2018-05-31
	144. PAYPAL HOLDINGS INC-W/I			2018-05-31
	101. PHILLIPS 66			2018-05-31
	58. PINNACLE FOODS INC MERGED 10/26/18 @ $43.11 P/S		2016-12-16	2018-05-31
	3. PIONEER NAT RES CO		2017-06-14	2018-05-31
	38. PIONEER NAT RES CO			2018-05-31
	49. PRICE T ROWE GROUP INC COM			2018-05-31
	20. RAYTHEON COMPANY			2018-05-31
	197. REGIONS FINANCIAL CORP		2018-03-28	2018-05-31
	35. S&P GLOBAL INC			2018-05-31
	455. AMEX FINANCIAL SELECT SPDR		2018-04-30	2018-05-31
	197. SECTOR SPDR TR SBI INT-TECH		2017-04-28	2018-05-31
	29. SMUCKER J M CO COM NEW		2018-03-06	2018-05-31
	215. SONY CORP AMERICAN SHARE NEW SPONSORED ADR		2018-05-11	2018-05-31
	51. T-MOBILE US INC		2017-08-31	2018-05-31
	1945.217 TEMPLETON INSTL FDS INC FOREIGN EQUITY SER			2018-05-31
	63. TEXAS INSTRS INC COM			2018-05-31
	19. THERMO ELECTRON CORP COM			2018-05-31
	82. TOTAL SYSTEMS SERVICES INC		2017-07-07	2018-05-31
	11. TRANSDIGM GROUP INC		2018-04-19	2018-05-31
	50. TYSON FDS INC COM		2018-02-20	2018-05-31
	168. UNILEVER N V N Y SHS NEW			2018-05-31
	30. UNITED TECHNOLOGIES CORP COM		2018-04-27	2018-05-31
	5. UNITEDHEALTH GROUP INC COM		2017-06-16	2018-05-31
	45. UNITEDHEALTH GROUP INC COM			2018-05-31
	24. VAIL RESORTS INC COM			2018-05-31
	1694.643 VANGUARD TOTL BD MKT IDX-ADM			2018-05-31
	26349.354 VANGUARD TOTL BD MKT IDX-ADM			2018-05-31
	652.907 VIRTUS SEIX FLOATING RATE HIGH INCOME FUND CLASS I			2018-05-31
	7621.915 VIRTUS SEIX FLOATING RATE HIGH INCOME FUND CLASS I			2018-05-31
	119. WALGREENS BOOTS ALLIANCE INC			2018-05-31
	54. WASTE MANAGEMENT INC		2018-03-12	2018-05-31
	1819.079 WELLS FARGO SPECIAL US MID CAP VALUE I			2018-05-31
	4906.377 WESTERN ASSET CORE PLUS BOND FD CLASS I FD 287		2018-04-06	2018-05-31
	2949. WISDOMTREE U.S. QUALITY DIVI ETF			2018-05-31
	258. JOHNSON CTLS INTL PLC SEDOL BY7QL61		2018-01-03	2018-05-31
	1. MEDTRONIC PLC SEDOL BTN1Y11		2017-12-08	2018-05-31
	124. MEDTRONIC PLC SEDOL BTN1Y11			2018-05-31
	64. CHUBB LTD SEDOL B3BQMF6			2018-05-31
	1. CHUBB LTD SEDOL B3BQMF6		2017-12-08	2018-05-31
	47. TE CONNECTIVITY LTD SEDOL B62B7C3 ISIN CH0102993182		2017-05-26	2018-05-31
	29. TE CONNECTIVITY LTD SEDOL B62B7C3 ISIN CH0102993182			2018-05-31
	441.365 AMG MANAGERS LMCG SMALL CAP GROWTH FUND		2018-05-31	2018-09-07
	272.837 AB CONCENTRATED GROWTH-ADV		2018-05-31	2018-09-07
	415.062 DELAWARE VALUE FUND CLASS-I		2018-05-31	2018-09-07
	92.675 HOTCHKIS & WILEY M/C VALUE CL I		2018-05-31	2018-09-07
	20. ISHARES TR S&P 500 INDEX FD		2018-05-31	2018-09-07
	952.831 MADISON MID CAP FUND CLASS Y		2018-05-31	2018-09-07
	313.148 PRINCIPAL MID CAP FUND CLASS INS		2018-05-31	2018-09-07
	192.899 PGIM HIGH YIELD FUND CLASS R6		2018-05-31	2018-09-07
	200. SCHWAB US REIT ETF		2018-05-31	2018-09-07
	31.504 DREYFUS INTERNATIONAL STOCK FUND CL I 6157		2018-05-31	2018-09-07
	194.812 TOUCHSTONE SM CAP VAL-INST		2018-05-31	2018-09-07
	229.574 TRIBUTARY SMALL COMPANY FD INST PLUS FD 1705		2018-05-31	2018-09-07
	137.552 WASATCH INTL OPPORTUNIT-INST		2018-05-31	2018-09-07
	8363.596 DREYFUS INTERNATIONAL STOCK FUND CL I 6157		2018-05-31	2018-10-24
	1. NU SKIN ENTERPRISES 67018T105		2001-01-01	2018-11-23
	468.524 BLACKROCK TOTAL RETURN-I		2018-05-31	2018-12-13
	254.975 DELAWARE VALUE FUND CLASS-I		2018-05-31	2018-12-13
	34.331 SEAFARER OVERSEAS GROWTH & INCOME INSTL CLASS		2018-05-31	2018-12-13
	31.844 WCM FOCUSED INTL GROWTH-INS		2018-10-24	2018-12-13
	4. ISHARES TR S&P 500 INDEX FD		2018-05-31	2018-12-13
	35. ISHARES TR MSCI EAFE IDX		2018-05-31	2018-12-13
	789.565 LAZARD GLOBAL LISTED INFRASTRUCTURE PORTFOLIO		2018-05-31	2018-12-13
	968.281 MFS EMERGING MARKETS DEBT FUND CLASS I		2018-05-31	2018-12-13
	128.276 MADISON MID CAP FUND CLASS Y		2018-05-31	2018-12-13
	373.993 METROPOLITAN WEST UNCONSTRAINED BOND FUND CLASS I		2018-05-31	2018-12-13
	1647.842 PGIM HIGH YIELD FUND CLASS R6		2018-05-31	2018-12-13
	976.97 T ROWE PRICE INSTITUTIONAL FLOATING RATE FUND		2018-05-31	2018-12-13
	195. SCHWAB US REIT ETF		2018-05-31	2018-12-13
	174.145 TOUCHSTONE SANDS EM GR-INST FUND 565		2018-05-31	2018-12-13
	459.491 WESTERN ASSET CORE PLUS BOND FD CLASS I FD 287		2018-04-06	2018-12-13
	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	9,800	6,969	2,831
b	4,866	4,118	748
c	789	550	239
d	818	617	201
e	273	216	57
	3,111	2,543	568
	6,532	3,572	2,960
	3,626	91	3,535
	4,209	3,445	764
	3,055	2,683	372
	3,476	3,178	298
	1,875	1,818	57
	3,826	96	3,730
	5,493	4,913	580
	3,436	3,247	189
	5,224	5,331	-107
	5,437	4,619	818
	6,809	5,356	1,453
	5,292	4,814	478
	555	553	2
	2,551	2,246	305
	2,530	1,430	1,100
	790	796	-6
	3,950	3,276	674
	67,008	67,948	-940
	4,683	4,695	-12
	3,243	3,309	-66
	53,331	54,031	-700
	3,982	2,760	1,222
	3,511	4,654	-1,143
	13,023	12,633	390
	1,299	1,215	84
	3,352	2,968	384
	5,461	5,278	183
	9,570	7,692	1,878
	4,576	4,201	375
	4,406	3,516	890
	3,822	1,652	2,170
	3,878	3,322	556
	1,167	1,282	-115
	1,169	945	224
	6,195	5,704	491
	483	409	74
	14,249	8,791	5,458
	2,375	2,586	-211
	7,045	9,144	-2,099
	19,751	6,264	13,487
	3,240	2,772	468
	15,476	6,155	9,321
	21,211	18,619	2,592
	9,893	7,064	2,829
	13,835	11,975	1,860
	3,234	3,063	171
	11,248	8,361	2,887
	26,416	2,973	23,443
	4,779	2,600	2,179
	6,792	6,350	442
	43,514	30,130	13,384
	6,005	5,972	33
	6,913	4,754	2,159
	74,389	55,711	18,678
	381	478	-97
	8,330	7,622	708
	13,325	7,661	5,664
	3,865	2,557	1,308
	4,123	2,675	1,448
	9,535	7,101	2,434
	4,482	4,196	286
	1,169	715	454
	5,553	2,234	3,319
	4,622	4,539	83
	6,757	3,152	3,605
	9,124	8,161	963
	5,230	4,351	879
	4,888	4,766	122
	7,311	7,196	115
	3,335	3,320	15
	4,554	3,634	920
	5,129	2,500	2,629
	5,952	3,885	2,067
	1,374	1,186	188
	28,057	25,020	3,037
	112,824	108,080	4,744
	2,588	2,582	6
	3,206	2,540	666
	9,318	7,517	1,801
	3,355	2,539	816
	6,042	8,391	-2,349
	620	676	-56
	9,713	9,442	271
	5,355	5,310	45
	962	906	56
	15,780	3,400	12,380
	3,753	3,714	39
	16,039	12,182	3,857
	4,326	4,399	-73
	5,519	3,617	1,902
	29,376	20,107	9,269
	23,615	15,155	8,460
	4,442	5,290	-848
	6,371	3,023	3,348
	5,549	4,830	719
	92,177	94,775	-2,598
	7,428	7,525	-97
	19,058	19,602	-544
	289,488	300,415	-10,927
	60,643	47,569	13,074
	9,094	9,223	-129
	30,591	16,141	14,450
	31,793	21,256	10,537
	148,413	119,404	29,009
	105,608	83,011	22,597
	7,839	5,007	2,832
	6,477	8,007	-1,530
	3,967	1,550	2,417
	4,626	3,340	1,286
	8,781	7,465	1,316
	125	109	16
	108,443	102,087	6,356
	275	291	-16
	5,552	5,862	-310
	10,941	9,749	1,192
	766	598	168
	5,364	2,923	2,441
	3,048	3,035	13
	5,133	4,631	502
	31,698	16,509	15,189
	3,788	3,631	157
	687	611	76
	13,738	8,662	5,076
	5,414	5,647	-233
	5,506	5,122	384
	6,995	6,325	670
	4,469	2,915	1,554
	4,631	4,668	-37
	6,332	6,717	-385
	1,741	1,846	-105
	4,282	1,696	2,586
	7,805	8,383	-578
	292	268	24
	9,625	7,498	2,127
	2,633	2,655	-22
	6,886	6,988	-102
	3,759	3,492	267
	1,538	1,730	-192
	11,878	5,623	6,255
	11,865	8,004	3,861
	3,691	3,036	655
	583	490	93
	7,391	6,830	561
	5,989	4,259	1,730
	4,207	1,958	2,249
	3,610	3,574	36
	6,939	2,990	3,949
	12,399	12,647	-248
	13,809	10,714	3,095
	3,091	3,766	-675
	10,096	10,284	-188
	2,842	3,280	-438
	41,842	38,255	3,587
	7,060	3,961	3,099
	3,981	2,497	1,484
	7,046	4,817	2,229
	3,695	3,627	68
	3,376	3,775	-399
	9,358	7,592	1,766
	3,741	3,664	77
	1,207	911	296
	10,862	6,665	4,197
	5,801	5,416	385
	17,709	18,270	-561
	275,351	285,898	-10,547
	5,674	5,690	-16
	66,234	65,728	506
	7,418	9,751	-2,333
	4,492	4,681	-189
	67,451	59,966	7,485
	56,031	56,914	-883
	121,577	95,494	26,083
	8,656	10,040	-1,384
	86	81	5
	10,710	10,579	131
	8,351	8,103	248
	130	150	-20
	4,386	3,665	721
	2,706	2,540	166
	8,580	7,781	799
	10,529	9,863	666
	9,476	9,040	436
	3,719	3,634	85
	5,786	5,466	320
	10,367	9,538	829
	9,185	8,605	580
	1,046	1,040	6
	8,538	8,066	472
	589	589
	5,521	5,295	226
	7,250	6,789	461
	488	491	-3
	142,516	156,483	-13,967
	21	21
	5,224	5,332	-108
	5,505	5,553	-48
	361	440	-79
	460	467	-7
	1,066	1,093	-27
	2,141	2,433	-292
	12,104	12,341	-237
	13,217	13,730	-513
	1,285	1,284	1
	4,353	4,406	-53
	8,651	8,882	-231
	9,477	9,750	-273
	8,053	7,864	189
	2,006	2,341	-335
	5,096	5,330	-234
			74,330

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			2,831
b			748
c			239
d			201
e			57
			568
			2,960
			3,535
			764
			372
			298
			57
			3,730
			580
			189
			-107
			818
			1,453
			478
			2
			305
			1,100
			-6
			674
			-940
			-12
			-66
			-700
			1,222
			-1,143
			390
			84
			384
			183
			1,878
			375
			890
			2,170
			556
			-115
			224
			491
			74
			5,458
			-211
			-2,099
			13,487
			468
			9,321
			2,592
			2,829
			1,860
			171
			2,887
			23,443
			2,179
			442
			13,384
			33
			2,159
			18,678
			-97
			708
			5,664
			1,308
			1,448
			2,434
			286
			454
			3,319
			83
			3,605
			963
			879
			122
			115
			15
			920
			2,629
			2,067
			188
			3,037
			4,744
			6
			666
			1,801
			816
			-2,349
			-56
			271
			45
			56
			12,380
			39
			3,857
			-73
			1,902
			9,269
			8,460
			-848
			3,348
			719
			-2,598
			-97
			-544
			-10,927
			13,074
			-129
			14,450
			10,537
			29,009
			22,597
			2,832
			-1,530
			2,417
			1,286
			1,316
			16
			6,356
			-16
			-310
			1,192
			168
			2,441
			13
			502
			15,189
			157
			76
			5,076
			-233
			384
			670
			1,554
			-37
			-385
			-105
			2,586
			-578
			24
			2,127
			-22
			-102
			267
			-192
			6,255
			3,861
			655
			93
			561
			1,730
			2,249
			36
			3,949
			-248
			3,095
			-675
			-188
			-438
			3,587
			3,099
			1,484
			2,229
			68
			-399
			1,766
			77
			296
			4,197
			385
			-561
			-10,547
			-16
			506
			-2,333
			-189
			7,485
			-883
			26,083
			-1,384
			5
			131
			248
			-20
			721
			166
			799
			666
			436
			85
			320
			829
			580
			6
			472

			226
			461
			-3
			-13,967

			-108
			-48
			-79
			-7
			-27
			-292
			-237
			-513
			1
			-53
			-231
			-273
			189
			-335
			-234

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	438,712
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	130,051	2,746,934	0.047344
2016	132,273	2,574,810	0.051372
2015	128,162	2,727,972	0.046981
2014	122,924	2,735,431	0.044938
2013	122,156	2,259,836	0.054055

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

0.24469

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 ......

0.048938

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

2,797,780

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

136,918

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

4,742

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

141,660

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

131,549

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	9,484
	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	9,484
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	9,484
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	8,912
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	8,912
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	572
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax0	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

PNC BANK NA Telephone no. bullet

(412) 762-3792

Located at bullet

116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4 bullet

15212

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
PNC BANK NA	TRUSTEE 7	35,540
116 Allegheny Center Mall PITTSBURGH,PA15212	TRUSTEE 7	35,540

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

2,840,386

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

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

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

2,840,386

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

2,840,386

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

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

42,606

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

2,797,780

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

139,889

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

139,889

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

9,484

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

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

9,484

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

130,405

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

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

130,405

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

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

130,405

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 ..........

131,549

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

131,549

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

131,549

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					130,405
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	396,533
c From 2015......	0
d From 2016......	9,867
e From 2017......	1,616
fTotal of lines 3a through e........		408,016
4Qualifying distributions for 2018 from Part
XII, line 4: $ 131,549
a Applied to 2017, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					130,405
e Remaining amount distributed out of corpus		1,144
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		409,160
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		409,160
10 Analysis of line 9:
a Excess from 2014....	396,533
b Excess from 2015....	0
c Excess from 2016....	9,867
d Excess from 2017....	1,616
e Excess from 2018....	1,144

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SAINT PETERS EPISCOPAL CHURCH 304 KINGS HIGHWAY CLARKSBORO,NJ08020	NONE	PC	GENERAL USE OF THE	122,664
Total ................................. 3a				122,664

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	62,965
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	438,712
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)..				501,677

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

501,677

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

FRANK B FRANCIS CHARITABLE TRUST

EIN:

25-6888888

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS FIXED	AT COST	644,596	621,230
MUTUAL FUNDS EQUITY	AT COST	1,749,959	1,491,336
ETF - EQUITY	AT COST	308,442	281,934
ETF- FIXED INCOME

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

FRANK B FRANCIS CHARITABLE TRUST

EIN:

25-6888888

Description	Amount
ROUNDING ADJ. FOR SALES AND TRANSACTIONS	7

- TIN:

TY 2018 OtherExpensesSchedule

Name:

FRANK B FRANCIS CHARITABLE TRUST

EIN:

25-6888888

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MAP MANAGEMENT FEES	596	596		0
ADR SERVICE FEES	5	5		0

- TIN:

TY 2018 TaxesSchedule

Name:

FRANK B FRANCIS CHARITABLE TRUST

EIN:

25-6888888

Category	Amount	Net Investment Income
FOREIGN TAXES	225	225
FEDERAL TAX PAYMENT - PRIOR YE	2,576	0
FEDERAL ESTIMATES - INCOME	6,684	0
FEDERAL ESTIMATES - PRINCIPAL	2,228	0