Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Hebson Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

45-3455627
B Telephone number (see instructions)

(800) 839-1754
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$3,314,159J 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) 1,500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,335 1,335  
4 Dividends and interest from securities... 30,543 30,543  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 32,877
b Gross sales price for all assets on line 6a 942,388
7 Capital gain net income (from Part IV, line 2)... 32,877
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........ 1,564,755 64,755  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 24,787 24,787    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,283 425    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,506 102   13,404
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,576 25,314   13,404
25 Contributions, gifts, grants paid....... 4,000 4,000
26 Total expenses and disbursements. Add lines 24 and 25 43,576 25,314   17,404
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,521,179
b Net investment income (if negative, enter -0-) 39,441
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.............      
2 Savings and temporary cash investments......... 1,405,590 107,049 107,049
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)   Click to see attachment588,180 591,809
b Investments—corporate stock (attach schedule)....... 560,022 Click to see attachment1,689,121 1,522,116
c Investments—corporate bonds (attach schedule).......   Click to see attachment1,102,441 1,093,185
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 1,965,612 3,486,791 3,314,159
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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,965,612 3,486,791
30 Total net assets or fund balances (see instructions)..... 1,965,612 3,486,791
31 Total liabilities and net assets/fund balances (see instructions). 1,965,612 3,486,791
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,965,612
2
Enter amount from Part I, line 27a .....................
2
1,521,179
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,486,791
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,486,791
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 Publicly-traded Securities      
b
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 942,388   909,511 32,877
b
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       32,877
b
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 32,877
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 13,015 415,230 0.031344
2016 18,015 258,088 0.069802
2015 13,015 235,038 0.055374
2014 13,051 201,089 0.064902
2013 10,015 140,004 0.071534
2
Total of line 1, column (d) .....................
2
0.292956
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
0.058591
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,710,046
5
Multiply line 4 by line 3......................
5
158,784
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
394
7
Add lines 5 and 6........................
7
159,178
8
Enter qualifying distributions from Part XII, line 4,.............
8
17,404
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 1 789
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  
3 Add lines 1 and 2........................... 3 789
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 789
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 189
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Bonita Borne-SingerClick to see attachment Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Richard HebsonClick to see attachment Dir, Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Heather KingClick to see attachment Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    David MilbrandtClick to see attachment Dir
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Lucia SiegelClick to see attachment Dir, VP*, Sec*
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Steven P SiegelClick to see attachment Dir, Treas
    2.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    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)
    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
    2,063,751
    b
    Average of monthly cash balances.......................
    1b
    687,565
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,751,316
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,751,316
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    41,270
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,710,046
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    135,502
    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
    135,502
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    789
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    789
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    134,713
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    134,713
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    134,713
    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
    17,404
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    17,404
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    17,404
    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 7 134,713
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 2,101
    c From 2015...... 1,310
    d From 2016...... 5,111
    e From 2017......  
    fTotal of lines 3a through e........ 8,522
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 17,404
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 17,404
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 8,522 8,522
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		108,787
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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).)
    Richard Hebson
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    MAKE-A-WISH FOUNDATION INTERNATIONAL
    4742 N 24TH ST STE 400
    PHOENIX,AZ85016     		N/A PC General & Unrestricted 4,000
    Total .................................bullet 3a 4,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,335  
    4 Dividends and interest from securities....     14 30,543  
    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 32,877  
    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)..   64,755  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    64,755
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    45-3455627
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Hebson Family Foundation
          		Employer identification number
    45-3455627
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Hebson Richard  
    120 Paisano Road
     
    Sedona, AZ86336

    		$ 1,500,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    45-3455627
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Hebson Family Foundation
          		Employer identification number

    45-3455627
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 CompensationExplanation
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Person Name Explanation
    Lucia Siegel *Removed from positions in 2018
    Steven P Siegel *Resigned from foundation in 2018

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

    TY 2018 DepreciationSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AES CORP NOTE - 4.875% - 05/15 7,048 6,843
    AIRCASTLE LTD - 5.000% - 04/01 7,160 7,028
    AMAZON COM INC SR NT - 2.500% 14,665 14,671
    AMERICAN EXPRESS CO NOTE - 3.0 23,973 23,924
    AMERICAN TOWER CORP - 3.375% - 8,401 8,373
    ANHEUSER BUSCH BOND - 3.300% - 6,898 6,806
    ANTERO RES CORP - 5.125% - 12/ 7,088 6,580
    APPLE INC - 2.869% - 02/09/202 19,309 18,990
    ARAMARK - 5.125% - 01/15/2024 7,114 6,930
    AT&T - 4.250% - 03/01/2027 6,974 6,850
    AT&T INC BOND - 3.400% - 05/15 23,483 23,541
    AUTOMATIC DATA PROCESSING - 3. 11,901 11,903
    AVALONBAY COMMUNITIES - 3.500% 24,756 24,849
    BALL CORP - 4.000% - 11/15/202 8,854 8,753
    BANK AMER CORP FR - 3.300% - 0 24,741 24,621
    BANK OF AMERICA CORP - 3.875% 11,892 11,871
    BB&T CORP - 2.850% - 10/26/202 23,959 24,019
    BP CAP MKTS P L C NOTE CALL MA 14,989 14,705
    BURLINGTN NORTH SANTA - 3.000% 19,664 19,856
    BURLINGTON NORTHN SANTA - 6.15 12,400 12,182
    CATERPILLAR FINL SVCS MTNS BE 17,960 17,892
    CDW LLC - 5.000% - 09/01/2025 6,932 6,703
    CHARTER COM OPERATING - 4.908% 7,097 6,961
    CHENIERE CORPUS CHRISTI HLDGS 8,310 7,960
    CHEVRON CORP - 3.191% - 06/24/ 20,007 19,969
    CITI GROUP - 0.050% - 08/01/20 7,081 6,860
    CITIGROUP INC NOTE - 2.700% - 24,135 24,099
    COMCAST CORP NOTE - 3.950% - 1 24,905 25,295
    CONCHO RES INC - 3.750% - 10/0 23,597 23,534
    COSTCO - 2.750% - 05/18/2024 24,274 24,234
    CROWN AMERS LLC - 4.250% - 09/ 8,203 8,078
    CROWN CASTLE INTL CORP - 5.250 10,558 10,384
    CVS CAREMARK CORP NOTE - 4.300 24,709 24,440
    CVS HEALTH CORP - 5.125% - 07/ 8,128 7,787
    CYRUSONE LP/CYRUSONEFIN CORP - 7,940 7,840
    DIAMONDBACK ENERGY INC NOTE - 6,790 6,755
    DIGITAL RLTY TR DIGITAL RLTY T 14,372 14,331
    ERP OPER LTD - 3.250% - 08/01/ 14,331 14,366
    FORD MOTOR COMPANY - 4.346% - 14,857 13,362
    GENL MOTORS FINL CO INC - 4.25 7,039 6,836
    GEORGIA PAC CORP - 8.000% - 01 8,436 8,404
    GOLDMAN SACHS GROUP - 3.200% - 24,486 24,249
    GWU - 4.126% - 09/15/2048 12,032 12,008
    HCA INC CORP - 5.000% - 03/15/ 7,070 6,930
    HOME DEPOT - 2.625% - 06/01/20 14,828 14,843
    HOST HOTELS &RESORTSLP - 3.875 6,849 6,906
    INTERNATIONAL PAPER CO - 3.000 8,179 8,192
    JOBSOHIO BEVERAGE SYS OHIO STA 10,102 10,304
    JP MORGAN CHASE - 3.125% - 01/ 4,743 4,764
    JPMORGAN CHASE &CO NOTE - 2.95 8,335 8,312
    JPMORGAN CHASE - 2.972% - 01/1 19,592 19,500
    KAISER FNDTN HOSP/HLTH - 3.150 7,652 7,691
    KIMCO REALTY CORP - 3.300% - 0 19,084 19,062
    KROGER CO - 3.700% - 08/01/202 23,825 23,601
    LENNAR CORP - 4.125% - 01/15/2 6,930 6,720
    MARRIOTT INTL INC NEW NOTE - 4 24,443 24,033
    MCDONALDS CORP - 3.700% - 01/3 6,982 6,862
    MGM RESORTS INTERNATIONAL - 7. 8,670 8,510
    MICROSOFT CORP - 3.750% - 02/1 8,786 8,707
    MORGAN STANLEY FR - 3.700% - 1 4,882 4,917
    MORGAN STANLEY MTN - 2.750% - 19,524 19,458
    NATIONAL RURAL UTIL COOP - 3.2 6,811 6,902
    NEWELL BRANDS NEWELL BRANDS IN 14,777 14,660
    NORTHROP GRUMMAN CORP - 3.200% 8,493 8,439
    NUSTAR LOGISTICS LP - 6.750% - 7,341 7,053
    OCCIDENTAL PETROLEUM - 2.700% 24,302 24,231
    ORACLE CORP - 3.800% - 11/15/2 6,854 6,546
    OWENS CORNING - 4.200% - 12/15 2,000 1,986
    PENSKE AUTOMOTIVE GRP INC - 3. 6,952 6,825
    SHELL INT'L FINANCE - 2.875% - 19,075 19,183
    SOUTHWEST AIRLINES CO - 3.000% 14,090 13,999
    TARGET BOND - 3.500% - 07/10/2 25,187 25,166
    TEVA PHARMACEUTICAL FIN III BV 8,313 8,273
    THE ADT CORPORATION - 6.250% - 8,277 8,110
    TOLL BROS FIN CORP - 4.375% - 6,913 6,563
    TRANSCANADA CORP NOTE - 2.500% 14,524 14,396
    TYSON FOODS INC SR NT - 3.950% 25,102 24,854
    VISA INC - 4.300% - 12/14/2045 8,332 8,268
    VULCAN MATLS CO NOTE - 3.900% 4,859 4,732
    WELLS FARGO & CO - 0.000% - 02 19,204 18,877
    WELLS FARGO &CO - 2.625% - 07/ 24,101 24,107
    WELLTOWER INC - 3.950% - 09/01 25,010 25,061

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 8,864 8,574
    ACCELERON PHARMA INC 824 653
    ACCENTURE PLC 21,327 19,318
    ACI WORLDWIDE INC 1,189 1,162
    ADIDAS AG 2,871 2,609
    ADOBE SYSTEMS, INC 26,903 24,885
    ADVANCED ENERGY IND INC 3,385 2,662
    AEROJET ROCKETDYNE HOLDINGS IN 4,039 4,756
    AIA GROUP LTD ADR 11,591 10,587
    AIMMUNE THERAPEUTICS INC 805 646
    ALBANY INTERNATIONAL CORP 4,078 3,996
    ALFA LAVAL AB 4,388 3,655
    ALIGN TECHNOLOGY, INC 14,097 9,424
    ALLIANZ SE ADR 10,490 9,587
    ALPHABET INC CL A 10,865 10,450
    ALPHABET INC CL C 28,053 26,925
    ALTRA HLDGS INC 3,531 2,163
    ALTRIA GROUP INC 8,361 7,260
    AMBEV SA 3,249 2,568
    AMER EQ INV LIFE HLD 3,267 2,654
    AMERCO 6,269 5,906
    ANIXTER INTL INC 2,468 2,172
    APACHE CORPORATION 4,772 3,071
    ARAMARK 5,973 4,780
    ARCONIC INC 5,138 4,434
    ARRAY BIOPHARMA INC 1,235 1,083
    ARROWHEAD PHARMACEUTICALS INC 779 708
    ASGN INC 1,412 1,145
    ASPEN PHARMACARE HOLDINGS LTD 3,498 1,642
    AT&T, INC 13,528 11,816
    ATLAS COPCO AB A SHS ADR 4,784 2,752
    AUTOMATIC DATA PROCESSING INC 25,600 25,305
    AXALTA COATING SYSTEMS LTD 5,408 4,333
    AXOGEN INC COM 746 429
    BAIDU.COM - ADR 12,530 8,247
    BANCO BILBAO ARG SA 8,044 5,681
    BANCO ITAU HOLDING FINANCIERA 5,261 5,840
    BAOZUN INC 1,074 759
    BAYER A G SPONSORED ADR 13,490 7,836
    BAYERISCHE MOTOREN WERKE AG AD 4,083 3,209
    BCE INC 13,953 13,203
    BIOTELEMETRY INC 2,135 2,030
    BOEING CO 5,005 4,515
    BOK FINANCIAL CORP 6,729 5,060
    BOOKING HOLDINGS INC 11,930 10,335
    BORG WARNER INC 5,507 4,169
    BOTTOMLINE TECHNOLOGIES, INC 998 768
    BOYD GAMING CORP 1,303 997
    BRINKS CO 1,384 1,293
    CABLE ONE INC 1,800 1,640
    CABOT CP 2,956 2,233
    CABOT MICROELECTRONICS CORPORA 5,183 4,577
    CADENCE BANCORPORATION 4,171 2,567
    CANADIAN NATL RAILWAY CO 7,720 6,818
    CANTEL MEDICAL CORPORATION 805 745
    CARLISLE COS INC 3,612 3,418
    CASELLA WASTE SYSTEMS INC 2,660 2,934
    CASEY'S GENERAL STORES, INC 770 769
    CATALENT INC 4,545 3,617
    CERNER CORPORATION 3,495 3,513
    CHECK POINT SOFTWARE TECHNOLOG 8,494 9,033
    CHEGG INC 1,240 1,336
    CHEMED CORP 1,544 1,416
    CHEVRON CORP 14,169 12,511
    CHUBB LIMITED 14,045 13,822
    CHURCHILL DOWNS INC 1,884 1,708
    CISCO SYSTEMS INC 12,987 12,826
    CITIZENS FINANCIAL GROUP, INC 7,135 5,351
    COGNIZANT TECHNOLOGY SOLUTIONS 5,843 4,951
    COHERENT INC CAL 3,377 2,220
    CONOCOPHILLIPS 12,990 11,722
    COPA HOLDINGS S.A 1,489 1,495
    CORE LABORATORIES 3,477 1,730
    CORNERSTONE ONDEMAND 1,170 1,160
    CORNING INC 8,149 8,852
    DARLING INGREDIENTS INC 4,118 4,194
    DASSAULT SYS SA SPN ADR 7,488 6,572
    DBS GROUP HLDGS SPON ADR 9,865 8,088
    DIAGEO PLC ADS 10,871 10,635
    DISCOVERY INC (FORMERLY DISC C 3,984 3,859
    DOLLAR GENERAL CORP 18,588 20,211
    DOWDUPONT INC 16,968 14,654
    DXC TECHNOLOGY COMPANY 6,747 4,466
    EASTGROUP PROPERTIES INC 3,585 3,577
    EATON VANCE CORP COM 2,357 1,583
    EBAY INC 5,751 5,165
    EIDOS THERAPEUTICS, INC. 496 523
    ELI LILLY & CO 6,698 9,373
    EMCOR GROUP INC 1,973 1,612
    ENCOMPASS HEALTH CORPORATION 2,981 2,777
    ENERSYS 4,939 4,812
    ENTEGRIS INC MINNESOTA 4,977 4,436
    ENTERGY CORP 2,592 2,754
    ENTERPRISE FINANCIAL SERVICES 2,406 1,731
    ENVESTNET INC 1,473 1,427
    EPAM SYSTEMS INC 1,115 1,044
    EPIROC AB 1,207 1,225
    EPLUS, INC 945 783
    EQT CORPORATION 4,471 3,665
    ETSY INC 1,999 2,283
    EURONET WORLDWIDE INC 1,765 1,638
    EVERCORE PARTNERS INC 981 859
    EXELIXIS, INC. 1,177 1,298
    EXLSERVICE HOLDINGS INC 1,183 1,105
    EXXON MOBIL CORP 12,536 10,638
    FACEBOOK INC 32,345 26,479
    FAIR ISSAC & CO INC 1,906 1,870
    FANUC LIMITED UNSPONSORED 9,825 6,867
    FIFTH THIRD BANCORP 4,517 3,553
    FIRSTCASH INC 6,172 5,065
    FLIR SYSTEMS INC 4,157 3,309
    FOMENTO ECONOMICO MEXICANO 2,728 2,840
    FORMFACTOR INC. 2,700 2,846
    FRANKLIN ELECTRIC CO., INC 4,155 3,945
    FRESENIUS MED CAR AG 7,213 4,632
    FUCHS PETROLUB SE 3,910 3,033
    GARTNER INC 16,040 15,085
    GATX CORP INC 3,828 3,611
    GENUINE PARTS COMPANY 8,414 8,642
    GLOBUS MEDICAL INC 1,256 995
    GRIFOLS SA REP 1/2 CL B 3,309 2,699
    GRUPO FIN ADR 3,655 3,210
    HDFC BANK LTD ADR 3,258 3,522
    HEALTH CARE PPTY INVS INC 8,147 9,720
    HEARTLAND FINANCIAL USA, INC. 3,294 2,593
    HELIX ENERGY SOLUTIONS GROUP I 724 471
    HEXCEL CP DELAWARE 7,010 5,791
    HORACE MANN EDUCATOR 2,604 2,247
    HSBC HOLDINGS PLC 14,496 12,785
    ICICI BK LTD ADS 3,447 4,106
    ICON PLC - AMERICAN DEPOSITARY 1,507 1,421
    INFINEON TECH ADS 8,858 7,276
    INGREDION INC 6,522 5,667
    INTEL CORP 8,719 7,978
    INTERPUBLIC GROUP OF COS 5,803 5,116
    INVESCO PLC 6,842 4,319
    INVITAE CORP 786 608
    ITT INC 1,610 1,400
    J & J SNACK FOODS CORP 802 723
    JGC CORP ADR 4,131 2,635
    JOHNSON & JOHNSON 12,242 12,647
    JOHNSON CONTROLS INTERNATIONAL 11,633 10,259
    JP MORGAN CHASE 13,865 12,398
    KAMAN CORPORATION 1,238 1,178
    KAR AUCTION SERVICES INC 2,790 2,481
    KIMBERLY CLARK CORP 9,324 10,141
    KOMATSU LTD 2,643 2,391
    KORN FERRY INTL 1,019 870
    KUBOTA CORPORATION 3,339 2,748
    L'AIR LIQUIDE ADR OTC 7,789 7,426
    L'OREAL ADR 7,941 7,443
    LHC GROUP 1,516 1,502
    LIBERTY TRIPADVISOR HOLDINGS, 1,218 1,303
    LIGAND PHARMACEUTICALS INC 812 679
    LINDE PLC COM 5,132 5,149
    LITTELFUSE, INC 4,766 3,944
    LKQ CORPORATION 5,600 4,770
    LOEWS CORP 3,053 2,822
    LONZA GROUP AG UNSP/ADR 5,566 5,380
    LOUISIANA PACIFIC CP 1,158 1,111
    LOXO ONCOLOGY INC 840 700
    LVMH MOET HENN UNSP 5,979 4,852
    MANTECH INTERNATIONAL CORP 3,483 3,347
    MARRIOTT VACATIONS WORLDWIDE C 1,165 846
    MASCO CORP 7,372 6,082
    MASTERCARD INC 11,790 11,508
    MATADOR RESOURCES COMPANY 998 559
    MATERION CORP 917 720
    MEDICAL PROPERTIES TRUST, INC 2,152 2,557
    MEDNAX, INC 3,788 2,739
    MERCK & CO INC 10,214 12,837
    MERIT MEDICAL SYSTEMS, INC. 999 949
    MERITAGE CORPORATION 3,598 3,158
    MICHAELS STORES INC 5,729 4,265
    MICROSOFT CORP 47,929 48,448
    MOLINA HEALTHCARE 2,692 3,254
    MONOLITHIC POWER SYSTEMS, INC 4,033 3,720
    MOOG INC CL A 2,858 2,712
    MUELLER WATER PRODUCTS INC 3,894 3,085
    NASPERS LTD N SPONS ADR 8,545 6,544
    NATIONAL BEVERAGE CORP 1,526 1,077
    NATL OILWELL VARCO 2,957 1,825
    NESTLE S.A 23,930 24,935
    NEW RELIC INC 1,213 1,134
    NEWFIELD EXPLORATION CO 6,100 4,032
    NEXTERA ENERGY, INC 12,935 13,732
    NIKE INC-CL B 22,275 22,760
    NISOURCE INC 1,976 2,003
    NORTHERN TRUST CORPORATION 5,172 4,180
    NOVARTIS AG ADR 10,639 11,584
    NOVOCURE LTD 762 804
    NOVOZYMES A/S UNSP/ADR 3,158 2,730
    NVIDIA CORP 18,125 9,212
    O'REILLY AUTOMOTIVE INC 21,390 25,824
    OIL STATES INTL INC 3,176 1,342
    OKTA INC 1,209 1,404
    ORACLE CORP 16,186 15,667
    OSI SYSTEMS, INC 3,581 3,812
    PARTY CITY HOLDCO INC 802 788
    PDC ENERGY INC 3,851 1,905
    PEBBLEBROOK HOTEL TR COM 3,819 2,803
    PEGASYSTEMS INC 1,062 957
    PETLQ INC 1,271 962
    PFIZER INC 10,111 12,004
    PGT INC 1,116 840
    PHILIP MORRIS INTL 11,007 8,946
    POLYONE CORP 668 572
    POWER INTEGRATIONS, INC 1,069 1,098
    PRIMERICA, INC 1,707 1,466
    PROPETRO HOLDING CORP 659 456
    QUALYS INC COM 1,804 1,869
    RAYMOND JAMES FINANCIAL INC 4,715 3,646
    RAYTHEON CO 12,111 9,048
    REALPAGE, INC 1,378 1,253
    REGENERON PHARMACEUTICALS INC 12,320 14,567
    REINSURANCE GROUP AMER INC 4,231 4,067
    REPLIGEN CORP 664 527
    ROCHE HOLDING LTD ADR 8,227 9,262
    ROYAL DUTCH SHEL PLC SPONS ADR 26,182 21,878
    RYMAN HOSPITALITY PROPERTIES 3,069 2,534
    SANMINA-SCI CORPORATION 3,697 3,152
    SAP AKTIENGESELL ADS 10,150 8,860
    SASOL LTD 3,205 2,490
    SCHLUMBERGER LTD 5,814 2,922
    SCOTTS CO. CLASS A 3,384 2,520
    SEMTECH CORPORATION 1,507 1,468
    SHOE CARNIVAL, INC 726 603
    SHUTTERFLY, INC 1,093 805
    SIEMENS AG 11,537 10,150
    SIGNATURE BANK 3,380 3,084
    SNAP ON INC 9,535 9,153
    SONOVA HOLDING AG AD 3,602 3,475
    SOUTH JERSEY INDS INC 2,865 2,446
    STARBUCKS CORP COM 19,074 21,767
    STATE AUTO FINANCIAL CORPORATI 1,120 1,259
    STEELECASE INC 2,440 2,106
    STERICYCLE INC 6,347 4,403
    STERLING BANCORP (N.Y.) 2,002 1,420
    STIFEL FINANCIAL CP 2,738 1,988
    STONERIDGE INC 1,123 1,085
    STORE CAPITAL CORPORATION 2,625 2,774
    SUNTRUST BKS INC 13,158 10,088
    SUPERNUS PHARMACEUTICALS INC 1,772 1,428
    SYMRISE AG UNSPONSORED 4,179 3,797
    SYSMEX CORP UNSP ASDR 5,682 2,918
    SYSTEMAX INC 914 741
    TABULA RASA HEALTHCARE 774 701
    TAIWAN SEMICONDUCTOR MFG CO LT 12,537 11,774
    TELADOC INC 647 496
    TELEDYNE TECH INC 5,153 5,177
    TEMENOS GROUP AG 4,315 3,517
    TENARIS SA-ADR 2,609 1,450
    TEXAS CAPITAL BANCSHARES, INC 1,046 817
    THOR INDS INC 4,422 3,900
    TIMKEN CO COM 3,847 3,060
    TRAVELERS COMPANIES INC 11,667 10,897
    TREX CO INC 1,380 1,247
    TRINSEO SA 1,075 870
    TRIUMPH GROUP INC 2,355 1,564
    TRUSTMARK CORPORATION 3,110 2,758
    U G I CP 3,642 3,788
    UNILEVER N V N Y 10,703 10,276
    UNILEVER PLC AMER 5,637 5,277
    UNITED BANKSHARES, INC 3,223 2,800
    UNITED FIRE GROUP 3,287 3,493
    UNITED NATURAL FOODS, INC 2,720 699
    UNIVERSAL HLTH SVC B 4,507 4,429
    VENTAS INC 3,292 3,574
    VERACYTE INC 991 918
    VIKING THERAPEUTICS INC 802 490
    VISA INC 30,102 29,949
    VISTEON CORP 1,037 784
    VISTRA ENERGY CORP 3,618 3,479
    WALGREENS BOOTS ALLIANCE 7,913 7,926
    WEIBO CORPORATION 7,239 4,441
    WELBILT INC 2,815 1,567
    WELLS FARGO & CO 14,052 12,073
    WELLTOWER INC. 12,245 14,854
    WESBANCO INC 3,262 2,642
    WEYERHAEUSER CO 7,183 4,591
    WHITE MTN INS LTD 7,146 6,862
    WHITING PETROLEUM CORP 2,649 1,248
    WILLDAN GROUP INC 1,196 1,154
    WNS (HOLDINGS) LIMIT 1,016 866
    WOLVERINE WORLDWIDE 3,449 3,285
    WRIGHT MEDICAL GROUP, INC 2,206 2,042
    YANDEX N V 2,762 2,708
    ZAYO GROUP HOLDINGS INC 6,069 4,682
    ZOETIS INC 21,153 20,957
    ZYNGA INC 978 1,041

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    US Government Securities - End of Year Book Value:

    535,967
    US Government Securities - End of Year Fair Market Value:

    540,544
    State & Local Government Securities - End of Year Book Value:


    52,213
    State & Local Government Securities - End of Year Fair Market Value:


    51,265


    TY 2018 OtherExpensesSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 13,378     13,378
    Bank Charges 102 102    
    State or Local Filing Fees 26     26


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 24,787 24,787    


    TY 2018 TaxesSchedule
    Name:
    Hebson Family Foundation
    EIN:
    45-3455627
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 600      
    990-PF Extension for 2017 258      
    Foreign Tax Paid 425 425