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
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
LOCKHART VAUGHAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)JOHN B POWELL JR2 E READ ST NO 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21202
A Employer identification number

52-1693184
B Telephone number (see instructions)

(410) 837-9400
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$32,256,056J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 775,110 775,110  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 913,740
b Gross sales price for all assets on line 6a 5,803,905
7 Capital gain net income (from Part IV, line 2)... 913,740
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,688,850 1,688,850  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 12,667 0   12,667
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,875 3,938   3,937
c Other professional fees (attach schedule).... Click to see attachment 32,178 31,500   678
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 11,621 0   11,621
21 Travel, conferences, and meetings....... 1,908 0   1,908
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,930 0   7,930
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 74,179 35,438   38,741
25 Contributions, gifts, grants paid....... 1,764,946 1,764,946
26 Total expenses and disbursements. Add lines 24 and 25 1,839,125 35,438   1,803,687
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -150,275
b Net investment income (if negative, enter -0-) 1,653,412
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 58,757 58,446 58,446
2 Savings and temporary cash investments......... 341,889 470,450 470,450
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment1,067,535 1,038,114
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,722,408 Click to see attachment29,376,348 30,689,046
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,123,054 30,972,779 32,256,056
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 31,123,054 30,972,779
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 31,123,054 30,972,779
31 Total liabilities and net assets/fund balances (see instructions). 31,123,054 30,972,779
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
31,123,054
2
Enter amount from Part I, line 27a .....................
2
-150,275
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,972,779
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
30,972,779
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a CAPITAL GAIN DIVIDEND P    
b PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 326,811     326,811
b 5,477,094   4,890,165 586,929
c
d
e
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       326,811
b       586,929
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 913,740
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,744,252 33,680,049 0.051789
2016 1,623,417 30,725,328 0.052836
2015 1,714,232 29,224,297 0.058658
2014 1,755,892 34,143,148 0.051427
2013 1,675,638 32,823,436 0.051050
2
Total of line 1, column (d) .....................
2
0.265760
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.053152
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
35,150,410
5
Multiply line 4 by line 3......................
5
1,868,315
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
16,534
7
Add lines 5 and 6........................
7
1,884,849
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,803,687
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 33,068
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 33,068
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 33,068
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 29,100
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,968
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJOHN B POWELL JR Telephone no.bullet (410) 837-9400

    Located atbullet2 EAST READ ST SUITE 100BALTIMOREMD ZIP+4bullet21202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SUSAN BAKER POWELL PRESIDENT/TRUSTEE
    2.00     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    JULIA B SCHNUPP TRUSTEE
    1.00     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    BENJAMIN M BAKER III TRUSTEE
    1.50     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    JULIA P O'BRIEN TRUSTEE
    1.00     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    BRENTNALL M POWELL TRUSTEE
    1.50     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    KEVIN A SCHNUPP TRUSTEE
    1.50     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    DAVID B POWELL TRUSTEE
    2.00     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    KATE R POWELL TRUSTEE
    1.00     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    JOHN B POWELL JR SECRETARY/TREASURER
    16.00     		0 0 0
    2 EAST READ ST STE 100
    BALTIMORE,MD21202
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    35,064,166
    b
    Average of monthly cash balances.......................
    1b
    621,529
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    35,685,695
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    35,685,695
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    535,285
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    35,150,410
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,757,521
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,757,521
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    33,068
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,068
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,724,453
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,724,453
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,724,453
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,803,687
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,803,687
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,803,687
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 1,724,453
    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......  
    b From 2014......  
    c From 2015...... 185,640
    d From 2016...... 200,090
    e From 2017...... 81,150
    fTotal of lines 3a through e........ 466,880
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,803,687
    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..... 1,724,453
    e Remaining amount distributed out of corpus 79,234
    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 5 546,114
    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 ......     		546,114
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 185,640
    c Excess from 2016.... 200,090
    d Excess from 2017.... 81,150
    e Excess from 2018.... 79,234
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JOHN B POWELL JR
    2 EAST READ STREET SUITE 100
    BALTIMORE,MD21202
    (410) 837-9400
    bThe form in which applications should be submitted and information and materials they should include:
    THE LOCKHART VAUGHAN FOUNDATION HAS ADOPTED THE ASSOCIATION OF BALTIMORE AREA GRANTMAKERS ("ABAG") GRANT PROPOSAL FORMAT WHICH CAN BE FOUND AT WWW.ABAGRANTMAKERS.ORG. A GRANT PROPOSAL (ONE COPY) SHOULD INCLUDE A COVER LETTER, A PROPOSAL NARRATIVE, AND ATTACHMENTS, ALL AS OUTLINED IN THE ABAG GRANT PROPOSAL FORMAT. BE SURE TO INCLUDE YOUR MOST RECENT FORM 990.
    cAny submission deadlines:
    DEADLINES FOR SUBMISSION OF GRANT PROPOSALS ARE FEBRUARY 20TH, JUNE 20TH, AND OCTOBER 20TH.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AN INITIAL REVIEW IS MADE OF EVERY GRANT PROPOSAL THAT IS RECEIVED. IF IT IS DETERMINED THAT A GRANT PROPOSAL IS NOT WITHIN THE FOUNDATION'S PURPOSES OR THAT THE FOUNDATION DOES NOT HAVE ADEQUATE FUNDS, THE ORGANIZATION WILL BE NOTIFIED AS SOON AS POSSIBLE. OTHERWISE, THE FOUNDATION WILL ENDEAVOR TO INFORM EACH ORGANIZATION THAT SUBMITTED A GRANT PROPOSAL OF ITS DECISION WITHIN SIXTY (60) DAYS FOLLOWING THE DEADLINE DATE.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADVOCATES FOR CHILDREN AND YOUTH
    ONE NORTH CHARLES STREET SUITE 2400
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: GENERAL SUPPORT OF RESEARCH, EDUCATION, AND ADVOCACY OF CHILDREN'S ISSUES. 25,000
    AFYA BALTIMORE INC
    5504 YORK ROAD
    BALTIMORE,MD21212     		NONE PC EDUCATION: SUMMER LEARNING CAMP. 25,000
    AMERICAN CIVIL LIBERTIES UNION OF MARYLAND
    3600 CLIPPER MILL ROAD SUITE 350
    BALTIMORE,MD21211     		NONE PC EDUCATION: EDUCATION AROUND ADEQUATE FUNDING FOR PUBLIC EDUCATION. 50,000
    AMERICAN RED CROSS
    CENTRAL MARYLAND CHAPTER 4800 MOUNT
    HOPE DRIVE
    BALTIMORE,MD21215     		NONE PC GENERAL SUPPORT. 15,000
    ARCHDIOCESE OF BALTIMORE
    320 CATHERDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: SUPPORT OF "PARTNERS IN EXCELLENCE" FOR BALTIMORE INNER-CITY CATHOLIC SCHOOLS. 50,000
    ARTS EDUCATION IN MARYLAND SCHOOLS ALLIANCE
    175 W OSTEND STREET SUITE A-3
    BALTIMORE,MD21230     		NONE PC EDUCATION: FOSTERING ARTS EDUCATION IN BALTIMORE PUBLIC SCHOOLS. 10,000
    ASSOCIATION OF BALTIMORE AREA GRANTMAKERS
    2 EAST READ STREET 2ND FLOOR
    BALTIMORE,MD21202     		NONE PC COMMUNITY DEVELOPMENT: EDUCATION PROGRAMS AND PROMOTING "BEST PRACTICES" FOR BALTIMORE FOUNDATIONS. 5,760
    BALTIMORE CITY PUBLIC SCHOOLS
    800 NORTH CHARLES STREET SUITE 400
    BALTIMORE,MD21201     		NONE PC EDUCATION: SUPPORT OF "BLUEPRINT FOR SUCCESS". 60,000
    BALTIMORE COMMUNITY FOUNDATION
    2 EAST READ STREET
    BALTIMORE,MD21202     		NONE PC COMMUNITY DEVELOPMENT: ENDOWMENT FOR CIVIC LEADERSHIP FUND. 40,000
    BALTIMORE SCHOOL FOR THE ARTS FOUNDATION INC
    712 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: TWIGS AFTER-SCHOOL AND SATURDAY PERFORMING ARTS INSTRUCTION. 20,000
    BALTIMORE SYMPHONY ORCHESTRA
    JOSEPH MEYERHOFF SYMPHONY HALL 1212
    CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: ORCHKIDS" MUSIC INSTRUCTION IN PUBLIC SCHOOLS. 15,000
    BALTIMORE YOUTH ALLIANCE
    6101 LOCH RAVEN BOULEVARD SUITE 408
    BALTIMORE,MD21239     		NONE PC EDUCATION: SUMMER LEARNING - SAT PREPARATION FOR BALTIMORE PUBLIC SCHOOL STUDENTS. 10,000
    BLUE WATER BALTIMORE
    2631 SISSON STREET
    BALTIMORE,MD21211     		NONE PC ENVIRONMENT: WORKING FOR CLEAN WATER IN BALTIMORE WATERWAYS. 40,000
    BRIDGES AT ST PAUL'S
    11152 FALLS ROAD PO BOX 8100
    BROOKLANDVILLE,MD21022     		NONE PC EDUCATION: SUMMER LEARNING FOR BALTIMORE PUBLIC SCHOOL STUDENTS AND MENTORING THROUGH COLLEGE. 25,000
    BUILDING STEPS
    PO BOX 1393
    BROOKLANDVILLE,MD21022     		NONE PC EDUCATION: FOSTER BALTIMORE PUBLIC SCHOOL STUDENTS TO PURSUE CAREERS IN STEM. 20,000
    CAMP ONAWAY
    26 SUMMIT GROVE AVENUE SUITE 130
    BRYN MAWR,PA19010     		NONE PC EDUCATION: SUMMER CAMPING SCHOLARSHIPS. 5,000
    CENTRAL MARYLAND TRANSPORTATION ALLIANCE
    2 EAST READ STREET
    BALTIMORE,MD21202     		NONE PC ENVIRONMENT: WORKING FOR A REGIONAL MASS TRANSIT SYSTEM. 25,000
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		NONE PC ENVIRONMENT: TO RESTORE THE CHESAPEAKE BAY 50,000
    CHILDREN'S SCHOLARSHIP FUND BALTIMORE
    1000 ST PAUL STREET
    BALTIMORE,MD21202     		NONE PC EDUCATION: SCHOLARSHIP ASSISTANCE TO BALTIMORE FAMILIES. 45,000
    COLLEGEBOUND FOUNDATION
    300 WATER STREET SUITE 300
    BALTIMORE,MD21202     		NONE PC EDUCATION: COLLEGE COUNSELING AND FINANCIAL AID FOR BALTIMORE PUBLIC HIGH SCHOOL STUDENTS. 25,000
    COMMUNITY LAW CENTER
    3355 KESWICK ROAD SUITE 200
    BALTIMORE,MD21211     		NONE PC COMMUNITY DEVELOPMENT: FREE LEGAL SERVICES TO BALTIMORE NEIGHBORHOOD GROUPS. 20,000
    CONNECTICUT FUND FOR THE ENVIRONMENT INC
    900 CHAPEL STREET SUITE 2202
    NEW HAVEN,CT06510     		NONE PC ENVIRONMENT: TO SUPPORT THE WORK OF THE CLIMATE TASK FORCE. 10,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 SOUTH CHESTER STREET
    BALTIMORE,MD21231     		NONE PC EDUCATION: GENERAL SUPPORT OF CRISTO REY JESUIT HIGH SCHOOL. 50,000
    DERRYFIELD SCHOOL
    2108 RIVER ROAD
    MANCHESTER,NH03104     		NONE PC EDUCATION: GENERAL SUPPORT. 5,000
    DOWNTOWN BALTIMORE FAMILY ALLIANCE
    PO BOX 12010
    BALTIMORE,MD21281     		NONE PC COMMUNITY DEVELOPMENT: ENCOURAGING YOUNG FAMILIES TO REMAIN IN DOWNTOWN BALTIMORE. 15,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		NONE PC ENVIRONMENT: TO ADVANCE CLEAN ENERGY BEFORE THE MARYLAND PUBLIC SERVICE COMMISSION. 25,000
    EMMANUEL EPISCOPAL CHURCH
    811 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC GENERAL SUPPORT. 42,310
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: BRANCH IMPROVEMENT FUND. 25,000
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: SUPPORT OF VARIOUS "EMERGENT LITERACY" PROGRAMS. 25,000
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL STREET
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: GENERAL SUPPORT. 32,310
    EVERYMAN THEATRE
    315 W FAYETTE STREET
    BALTIMORE,MD21201     		NONE PC EDUCATION: THEATRE MATINEE SERIES FOR PUBLIC HIGH SCHOOL STUDENTS. 10,000
    FAMILY LEAGUE OF BALTIMORE
    230 N CHARLES STREET SUITE 200
    BALTIMORE,MD21218     		NONE PC EDUCATION: SUPPORT SCHOOL READINESS COALITION. 35,000
    FRIENDS OF PATTERSON PARK
    27 SOUTH PATTERSON PARK AVENUE
    BALTIMORE,MD21231     		NONE PC COMMUNITY DEVELOPMENT: FOSTER COMMUNITY SUPPORT FOR PATTERSON PARK. 10,000
    FUEL FUND OF MARYLAND
    1800 WASHINGTON BOULEVARD
    BALTIMORE,MD21230     		NONE PC GENERAL SUPPORT. 15,000
    GIRLS ON THE RUN OF THE GREATER CHESAPEAKE
    129 LUBRANO DRIVE L-102
    ANNAPOLIS,MD21401     		NONE PC EDUCATION: AFTER-SCHOOL PROGRAM IN BALTIMORE TITLE I SCHOOLS. 5,000
    HELPING UP MISSION
    1029 EAST BALTIMORE STREET
    BALTIMORE,MD21202     		NONE PC COMMUNITY DEVELOPMENT: CAPITAL CAMPAIGN FOR WOMEN AND CHILDREN CENTER. 85,000
    IMPROVING EDUCATION
    3503 N CHARLES STREET
    BALTIMORE,MD21218     		NONE PC EDUCATION: TO SUPPORT "NETWORKED IMPROVEMENT COMMUNITY" IN BALTIMORE PUBLIC SCHOOLS THROUGH 2ND GRADE FOR IMPROVING EARLY LITERACY OUTCOMES. 40,000
    INTERNATIONAL RESCUE COMMITTEE
    1900 NORTH HOWARD STREET SUITE 200
    BALTIMORE,MD21218     		NONE PC COMMUNITY DEVELOPMENT: CAPITAL CAMPAIGN FOR EXTERIOR AND INTERIOR IMPROVEMENTS AT NEW LOCATION ON HOWARD STREET. 10,000
    JEMICY SCHOOL
    11 CELADON ROAD
    OWINGS MILLS,MD21117     		NONE PC ENVIRONMENT: SOLAR ARRAY AND ENVIRONMENTAL EDUCATION. 138,000
    JUBILEE BALTIMORE
    25 EAST 20TH STREET
    BALTIMORE,MD21218     		NONE PC COMMUNITY DEVELOPMENT: GENERAL SUPPORT. 25,000
    KIPP BALTIMORE
    4701 GREENSPRING AVENUE
    BALTIMORE,MD21209     		NONE PC EDUCATION: SUPPORTING KIPP GRADUATES THROUGH COLLEGE. 15,000
    LIBERTY ELEMENTARY SCHOOL
    3901 MAINE AVENUE
    BALTIMORE,MD21207     		NONE PC EDUCATION: LIBERTY ELEMENTARY SUMMER ACADEMY. 15,000
    LITERACY AND LEADERSHIP EMPOWERMENT INC
    7030 BELLONA AVENUE
    BALTIMORE,MD21212     		NONE PC EDUCATION: SUMMER LEARNING PROGRAM - LITERACY TUTORS. 10,000
    LITERACY LAB
    1003 K STREET NW 5TH FLOOR
    WASHINGTON,DC20001     		NONE PC EDUCATION: LITERACY TUTORING IN BALTIMORE PUBLIC SCHOOLS. 35,000
    MARYLAND FOOD BANK
    2200 HALETHORPE FARMS ROAD
    BALTIMORE,MD21227     		NONE PC FOOD PANTRY PROGRAM - BALTIMORE CITY. 35,000
    MIDDLE GRADES PARTNERSHIP
    1500 UNION AVENUE SUITE 1320
    BALTIMORE,MD21211     		NONE PC EDUCATION: SUMMER LEARNING AND MENTORING MIDDLE SCHOOL STUDENTS IN BALTIMORE. 30,000
    MOTHER SETON ACADEMY
    2215 GREENMOUTN AVENUE
    BALTIMORE,MD21218     		NONE PC EDUCATION: CAPITAL CAMPAIGN FOR SCHOOL BUILDING. 45,000
    NEIGHBORHOOD DESIGN CENTER
    120 W NORTH AVENUE SUITE 306
    BALTIMORE,MD21223     		NONE PC COMMUNITY DEVELOPMENT: TO SUPPORT "COMMUNITY DESIGN WORK" IN BALTIMORE CITY. 10,000
    NEW LEADERS
    PO BOX 4871
    BALTIMORE,MD21211     		NONE PC EDUCATION: RECRUIT, TRAIN AND SUPPORT NEW PRINCIPALS OF BALTIMORE PUBLIC SCHOOLS. 40,000
    NEXT ONE UP FOUNDATION INC
    PO BOX 22503
    BALTIMORE,MD21203     		NONE PC EDUCATION: TUTORING AND MENTORING BALTIMORE PUBLIC HIGH SCHOOL STUDENTS. 15,000
    OPEN SOCIETY INSTITUTE - BALTIMORE
    201 NORTH CHARLES STREET SUITE 1300
    BALTIMORE,MD21201     		NONE PC COMMUNITY DEVELOPMENT: ADVOCATING FOR INCREASED ACCESS TO HIGH QUALITY ADDICTION SERVICES FOR LOW INCOME RESIDENTS. 20,000
    PIGTOWN MAIN STREET
    763 WASHINGTON BLVD
    BALTIMORE,MD21230     		NONE PC COMMUNITY DEVELOPMENT: "MAIN STREET" PROGRAM IN PIGTOWN NEIGHBORHOOD, BALTIMORE. 18,000
    SALVATION ARMY
    814 LIGHT STREET
    BALTIMORE,MD21230     		NONE PC GENERAL SUPPORT. 15,000
    ST JOHN'S EPISCOPAL CHURCH
    679 FARMINGTON AVENUE
    WEST HARTFORD,CT06119     		NONE PC GENERAL SUPPORT. 10,000
    ST PAUL'S SCHOOL FOR GIRLS
    11232 FALLS ROAD PO BOX 8000
    BROOKLANDVILLE,MD21022     		NONE PC ENVIRONMENT: SOLAR ARRAY ON MAIN BUILDING AND ENVIRONMENTAL EDUCATION. 48,566
    ST VINCENT DE PAUL OF BALTIMORE
    2305 N CHARLES STREET SUITE 300
    BALTIMORE,MD21218     		NONE PC EDUCATION: CAMP ST. VINCENT SUMMER LEARNING FOR HOMELESS AND FOSTER CHILDREN. 15,000
    TEACH FOR AMERICA - BALTIMORE
    2601 NORTH HOWARD STREET SUITE 300
    BALTIMORE,MD21218     		NONE PC EDUCATION: SUPPORT RECRUITMENT, TRAINING, AND MENTORING OF BALTIMORE CORPS OF TEACH FOR AMERICA. 55,000
    THE LOADING DOCK
    2 N KRESSON STREET
    BALTIMORE,MD21224     		NONE PC COMMUNITY DEVELOPMENT: CAPITAL CAMPAIGN TO ENCHANCE SERVICES. 50,000
    THREAD
    PO BOX 1584
    BALTIMORE,MD21203     		NONE PC EDUCATION: TUTORING AND MENTORING PROGRAM IN BALTIMORE PUBLIC HIGH SCHOOL. 30,000
    UNION OF CONCERNED SCIENTISTS
    TWO BRATTLE SQUARE
    CAMBRIDGE,MA02138     		NONE PC ENVIRONMENT: WORK ON ISSUES AROUND CLIMATE CHANGE. 25,000
    URBAN TEACHERS
    1800 WASHINGTON BOULEVARD SUITE 411
    BALTIMORE,MD21230     		NONE PC EDUCATION: RECRUITMENT, TRAINING, AND SUPPORT OF TEACHERS IN BALTIMORE PUBLIC SCHOOLS - ALTERNATIVE CERTIFICATION. 20,000
    VILLAGE LEARNING PLACE
    2521 SAINT PAUL STREET
    BALTIMORE,MD21218     		NONE PC EDUCATION: "LINK" AFTER-SCHOOL AND SUMMER LEARNING PROGRAMS FOR CHARLES VILLAGE/BARCLAY YOUTH. 25,000
    Total .................................bullet 3a 1,764,946
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 775,110  
    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 ............     		    18 913,740  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,688,850 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,688,850
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,875 3,938   3,937

    TY 2018 GeneralExplanationAttachment
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Identifier Return Reference Explanation
      FORM 990-PF, PART XV, LINE 2: THE LOCKHART VAUGHAN FOUNDATION DIRECTS ITS GRANTS TOWARD THREE GOALS IN BALTIMORE, MARYLAND. TO ACHIEVE THOSE GOALS, THE FOUNDATION WILL CONSIDER GRANT PROPOSALS THAT ADDRESS ONE OR MORE OF THE SPECIFIC STRATEGIES LISTED BELOW.GOAL: BALTIMORE CHILDREN WILL HAVE ACCESS TO A QUALITY PUBLIC EDUCATION IN PRE-K THROUGH 12TH GRADE.STRATEGIES: -SUPPORT EFFORTS THAT PROMOTE SCHOOL READINESS FOR CHILDREN 0-3.-STRENGTHEN THE READING READINESS INSTRUCTION IN PRE-K AND KINDERGARTEN PROGRAMS IN BALTIMORE.-SUPPORT PROGRAMS THAT CHALLENGE MOTIVATED STUDENTS IN BALTIMORE'S PUBLIC SCHOOLS.-PROMOTE SCHOOL CHOICE FOR BALTIMORE STUDENTS AND PARENTS.-SUPPORT THE RECRUITMENT, TRAINING, AND MENTORING OF ABLE INSTRUCTIONALLEADERS FOR BALTIMORE PUBLIC SCHOOLS.-SUPPORT COST-EFFECTIVE, SCHOOL-BASED AFTER-SCHOOL PROGRAMS.-SUPPORT SUMMER LEARNING OPPORTUNITIES.FOR AFTER-SCHOOL AND SUMMER LEARNING PROGRAMS, THE TRUSTEES WILL FAVOR PROGRAMS THAT HAVE INTENSE AND SUSTAINED CONTACT WITH STUDENTS WITH A CONSISTENT MESSAGE OF HIGH EXPECTATIONS.GOAL: BALTIMORE RESIDENTS WILL ENJOY GOOD PARKS, A GREENER ENVIRONMENT, AND A CLEANER CHESAPEAKE BAY WITH HEALTHY WATERSHEDS.STRATEGIES: -SUPPORT GREENING EFFORTS IN BALTIMORE THAT ARE VISIBLE TO THE WIDER COMMUNITY. -SUPPORT EFFORTS IN BALTIMORE TO IMPROVE THE CHESAPEAKE BAY AND ITS WATERSHEDS.IN ADDITION, THE TRUSTEES ALLOCATE APPROXIMATELY 13% OF THE GRANTS BUDGET FOR PRESELECTED ORGANIZATIONS THAT ARE ADDRESSING CLIMATE CHANGE. THAT IS, THE TRUSTEES DO NOT ACCEPT UNSOLICITED GRANT APPLICATIONS REGARDING CLIMATE CHANGE.GOAL: BALTIMORE WILL BE A CITY WITH VIBRANT NEIGHBORHOODS.STRATEGIES: -SUPPORT COMMUNITY ORGANIZATIONS THAT HAVE A RECORD OF ATTRACTING FINANCIAL INVESTMENTS IN THEIR NEIGHBORHOOD REVITALIZATION EFFORTS. -SUPPORT ORGANIZATIONS THAT PROVIDE TECHNICAL ASSISTANCE AND ENHANCE THE CAPABILITIES OF GROUPS THAT ARE WORKING FOR COMMUNITY DEVELOPMENT IN BALTIMORE.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TEGNA INC. 44,954 43,890
    ICAHN ENTERPRISES 44,174 42,946
    REYNOLDS GROUP I 41,971 41,567
    LEVEL 3 FINANCING 43,454 43,000
    M/I HOMES, INC. 34,045 32,835
    GIBRALTAR INDUSTRIES 44,805 44,055
    CREDIT ACCEPTANCE 33,649 33,000
    ACADIA HEALTHCARE 34,135 33,830
    WHITING PETROLEUM 33,490 31,350
    CLEAN HARBORS 45,102 43,670
    THE WILLIAM CART 30,590 29,850
    STEEL DYNAMICS 43,487 43,000
    NCR CORP 22,480 21,533
    WESCO DISTRIBUTORS 41,166 39,600
    DARLING INGREDIENTS 33,766 32,753
    ACTUANT CORP 44,258 42,570
    TAILORED BRANDS, INC. 33,703 32,000
    DAVITA, INC. 32,840 31,760
    CCO HOLDINGS, LLC 43,539 42,785
    PENSKE AUTOMOTIVE 32,659 31,880
    LIN TELEVISION 45,029 42,893
    SPECTRUM BRANDS 43,107 42,788
    GULFPORT ENERGY 35,015 33,250
    LAMAR ADVERTISING 33,121 32,835
    MURPHY OIL USA, INC. 33,209 32,306
    DANA INC 32,921 31,840
    BEACON ROOFING 31,683 30,613
    THE AES CORP 33,197 32,505
    T-MOBILE USA 21,986 21,210

    TY 2018 InvestmentsOtherSchedule2
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DFA EMERGING MKTS VALUE AT COST 696,366 723,953
    FIRST EAGLE GLOBAL FUND AT COST 2,758,935 2,669,551
    HARDING LOEVNER INTERNATIONAL AT COST 1,388,047 2,282,327
    BRANDYWINE GLOBAL AT COST 1,284,314 1,132,879
    SEAFARER OVERSEAS GROWTH AT COST 854,826 745,582
    T ROWE PRICE CAP APPR FD AT COST 2,892,241 2,859,146
    TEMPLETON GLOBAL AT COST 1,297,631 1,115,111
    VANGUARD INTM TERM AT COST 744,897 690,199
    VANGUARD TOTAL BOND AT COST 1,414,900 1,428,314
    VANGUARD TOTAL STOCK MKT AT COST 11,778,505 13,268,939
    WESTERN ASSET CORE BOND FD AT COST 1,735,298 1,681,117
    SCHWAB FUNDAMENTAL INTL AT COST 2,530,388 2,091,928

    TY 2018 OtherExpensesSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEES 9 0   9
    DUES 550 0   550
    INSURANCE 4,093 0   4,093
    INTERNET 375 0   375
    MISCELLANEOUS 145 0   145
    OFFICE EXPENSE 395 0   395
    POSTAGE 389 0   389
    REPAIRS AND MAINTENANCE 395 0   395
    TELEPHONE 1,579 0   1,579


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    LOCKHART VAUGHAN FOUNDATION
    EIN:
    52-1693184
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT CONSULTING FEES 31,500 31,500   0
    OTHER PROFESSIONAL FEES 678 0   678