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
THE WALBRIDGE FUND
CO ARTHUR YORKE ALLEN
Number and street (or P.O. box number if mail is not delivered to street address)1095 PARK AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10128
A Employer identification number

13-3936131
B Telephone number (see instructions)

(212) 289-6264
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$23,251,209J 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 40,727 40,727 40,727
4 Dividends and interest from securities... 991,841 991,841 991,841
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,935,101
b Gross sales price for all assets on line 6a 27,832,887
7 Capital gain net income (from Part IV, line 2)... 6,935,101
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)....... Click to see attachment 2,228 2,228 2,228
12 Total. Add lines 1 through 11........ 7,969,897 7,969,897 1,034,796
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 11,431 11,431    
c Other professional fees (attach schedule).... Click to see attachment 220,477 220,477    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 168,954 10,954    
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 list of attachments 810 60    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 401,672 242,922   0
25 Contributions, gifts, grants paid....... 20,006,000 20,006,000
26 Total expenses and disbursements. Add lines 24 and 25 20,407,672 242,922   20,006,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,437,775
b Net investment income (if negative, enter -0-) 7,726,975
c Adjusted net income (if negative, enter -0-)... 1,034,796
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......... 1,540,539 1,411,071 1,411,071
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) 699,297 Click to see attachment587,444 583,540
b Investments—corporate stock (attach schedule)....... 25,548,235 Click to see attachment13,379,085 18,580,343
c Investments—corporate bonds (attach schedule)....... 559,423 Click to see attachment500,297 488,762
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,451,746 Click to see attachment2,483,568 2,187,493
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) 30,799,240 18,361,465 23,251,209
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 30,799,240 18,361,465
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 30,799,240 18,361,465
31 Total liabilities and net assets/fund balances (see instructions). 30,799,240 18,361,465
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
30,799,240
2
Enter amount from Part I, line 27a .....................
2
-12,437,775
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
18,361,465
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
18,361,465
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 MERRILL LYNCH 74D20 CAP GAIN DIST P 2000-01-01 2018-01-01
b MERRILL LYNCH 74C99 P 2018-01-01 2018-01-01
c MERRILL LYNCH 74C99 P 2000-01-01 2018-01-01
d DA DAVIDSON 72993339 P 2018-01-01 2018-01-01
e DA DAVIDSON 72993339 P 2000-01-01 2018-01-01
MERRILL LYNCH 74D01 P 2018-01-01 2018-01-01
FHLMC GO P 2018-01-01 2018-01-01
FHLMC GO P 2018-01-01 2018-01-01
FHLMC GI P 2018-01-01 2018-01-01
FHLMC GI P 2018-01-01 2018-01-01
FHLMC GI P 2018-01-01 2018-01-01
FNMA PBC P 2018-01-01 2018-01-01
FNMA PMA P 2018-01-01 2018-01-01
FNMA PMA P 2018-01-01 2018-01-01
FNMA PAD P 2018-01-01 2018-01-01
FNMA PAE P 2018-01-01 2018-01-01
FNMA PAE P 2018-01-01 2018-01-01
MERRILL LYNCH 74D01 P 2000-01-01 2018-01-01
MERRILL LYNCH 74D01 P 2000-01-01 2018-01-01
3000 CAPITAL ONE FINANCIAL CO P 2012-11-16 2018-12-11
13000 FHLMC GO P 2014-02-24 2018-12-11
32000 FNMA PBC P 2016-10-12 2018-12-11
35000 FNMA PAD P 2010-06-10 2018-12-11
63000 FNMA PAE P 2014-08-27 2018-12-11
2000 GOLDMAN SACHS P 2011-10-21 2018-12-11
3000 JPMORGAN CHASE P 2013-10-21 2018-12-11
2000 US TREASURY BOND P 2010-09-13 2018-12-11
12000 US TREASURY BOND P 2013-09-26 2018-02-22
3000 WATSON PHARMACEUTICALS P 2012-11-16 2018-12-11
3000 WELLS FARGO P 2012-03-07 2018-12-11
MERRILL LYNCH 74D18 P 2018-01-01 2018-01-01
69.5 BAYER A G SPONSORED ADR P 2018-07-02 2018-07-02
MERRILL LYNCH 74D18 P 2000-01-01 2018-01-01
4 NORTHROP GRUMMAN P 2009-08-05 2018-01-01
4 PRAXAIR P 2010-04-20 2018-01-01
10 ROSS STORES INC P 2008-10-21 2018-01-09
4 TRAVELERS COS INC P 2007-10-24 2018-12-10
MERRILL LYNCH 74D20 P 2018-01-01 2018-01-01
MERRILL LYNCH 74D20 P 2000-01-01 2018-01-01
42 ALPHABET INC P 2010-10-18 2018-01-01
41 ALPHABET INC P 2010-10-18 2018-01-01
26 AMAZON COM INC P 2010-10-18 2018-01-01
22 AMERICAN EXPRESS P 2010-10-18 2018-01-01
136 AUTOMATIC DATA PROCESSING INC P 2010-10-18 2018-01-01
21 CROWN HLDGS P 2010-12-23 2018-01-01
139 FACTSET RESJ P 2010-10-19 2018-01-01
443 UNITED PARCEL SVC P 2010-10-18 2018-01-01
891 VISA INC CL A P 2010-10-18 2018-01-01
(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 1,030     1,030
b 847,130   877,804 -30,674
c 5,645,464   3,994,418 1,651,046
d 1,847,480   1,923,764 -76,284
e 9,664,026   5,611,515 4,052,511
278,130   282,333 -4,203
4,413   4,413  
5,662   5,662  
5,293   5,293  
3,907   3,917 -10
103   103  
7,274   7,274  
1,902   1,902  
3,349   3,349  
4,650   4,650  
1,682   1,682  
1,821   1,821  
    981 -981
433,619   444,465 -10,846
3,064   3,153 -89
5,626   5,723 -97
25,740   27,783 -2,043
3,247   3,244 3
14,145   14,895 -750
2,063   2,001 62
2,936   2,871 65
2,416   2,151 265
11,655   10,522 1,133
2,903   3,037 -134
2,965   3,007 -42
219,432   227,551 -8,119
70   70  
363,405   300,560 62,845
1,202   169 1,033
639   351 288
800   75 725
490     490
2,052,518   2,127,439 -74,921
6,014,114   4,891,146 1,122,968
44,047   12,887 31,160
43,419   12,621 30,798
37,758   4,236 33,522
2,047   865 1,182
18,984   5,093 13,891
981   712 269
30,965   12,096 18,869
46,199   30,843 15,356
122,122   17,339 104,783
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       1,030
b       -30,674
c       1,651,046
d       -76,284
e       4,052,511
      -4,203
       
       
       
      -10
       
       
       
       
       
       
       
      -981
      -10,846
      -89
      -97
      -2,043
      3
      -750
      62
      65
      265
      1,133
      -134
      -42
      -8,119
       
      62,845
      1,033
      288
      725
      490
      -74,921
      1,122,968
      31,160
      30,798
      33,522
      1,182
      13,891
      269
      18,869
      15,356
      104,783
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 6,935,101
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 -194,211
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 20,560,013 56,102,678 0.36647
2016 26,549,082 72,604,676 0.36567
2015 12,516,897 84,104,265 0.14883
2014 6,355,000 87,497,622 0.07263
2013 5,872,000 80,989,815 0.07250
2
Total of line 1, column (d) .....................
2
1.026097
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
0.205219
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
41,965,294
5
Multiply line 4 by line 3......................
5
8,612,076
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
77,270
7
Add lines 5 and 6........................
7
8,689,346
8
Enter qualifying distributions from Part XII, line 4,.............
8
20,006,000
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 77,270
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 77,270
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 77,270
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 101,993
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.............. 7 101,993
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 24,723
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet24,723 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
 
No
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)
    bulletNY
    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 ofbulletARTHUR YORKE ALLEN Telephone no.bullet (212) 289-6264

    Located atbullet1095 PARK AVENUENEW YORKNY ZIP+4bullet10128
    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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    JENNIFER P SPEERS President
    5.00     		0    
    867 SIMPSON AVENUE
    SALT LAKE CITY,UT84106
    HARRIET SAVAGE Secretary
    2.00     		0    
    221 CORONA AVENUE
    PELHAM,NY10803
    NANCY F PERKINS Vice President
    2.00     		0    
    c/o 3304 FRANKLIN AVE
    MILLBROOK,NY12545
    ARTHUR YORKE ALLEN Treasurer
    5.00     		0    
    1095 PARK AVENUE
    NEW YORK,NY10028
    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  
    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.............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
    40,852,778
    b
    Average of monthly cash balances.......................
    1b
    1,751,581
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    42,604,359
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    42,604,359
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    639,065
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    41,965,294
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,098,265
    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
    2,098,265
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    77,270
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    77,270
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,020,995
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,020,995
    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
    2,020,995
    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
    20,006,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    20,006,000
    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
    77,270
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    19,928,730
    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 2,020,995
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 1,941,730
    b From 2014...... 2,109,267
    c From 2015...... 8,406,890
    d From 2016...... 23,090,684
    e From 2017...... 17,954,853
    fTotal of lines 3a through e........ 53,503,424
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 20,006,000
    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)........     		0
    d Applied to 2018 distributable amount..... 2,020,995
    e Remaining amount distributed out of corpus 17,985,005
    5 Excess distributions carryover applied to 2018.    
    (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 71,488,429
    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 ..........     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		1,941,730
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		69,546,699
    10 Analysis of line 9:
    a Excess from 2014.... 2,109,267
    b Excess from 2015.... 8,406,890
    c Excess from 2016.... 23,090,684
    d Excess from 2017.... 17,954,853
    e Excess from 2018.... 17,985,005
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AFS INTERCULTURE PROGRAMS
    1 WHITEHALL STREET 2ND FLOOR
    NEW YORK,NY10004     		N/A PC GENERAL 5,000
    AMERICAN AGORA FOUNDATIONLAPHAM'S Q
    33 IRVING PLACE
    NEW YORK,NY10003     		N/A PC GENERAL 50,000
    AMERICAN COUNCIL ON GERMANY
    14 E 60TH STREET SUITE 1000
    NEW YORK,NY10022     		N/A PC GENERAL 50,000
    ARC OF WESTCHESTER
    265 SAW MILL RIVER RD
    HAWTHORNE,NY10532     		N/A PC GENERAL 36,000
    ARTSPACE
    230 SOUTH 500 WEST SUITE 235
    SALT LAKE CITY,UT84101     		N/A PC GENERAL 25,000
    ADIRONDCK WILD FRIENDS OF THE FORES
    PO BOX 9247
    NISKAYUNA,NY12309     		N/A PC GENERAL 10,000
    DARROW SCHOOL
    110 DARROW ROAD
    NEW LEBANON,NY12125     		N/A PC GENERAL 20,000
    DUTCHESS COUNTY BOCES
    5 BOCES ROAD
    POUGHKEEPSIE,NY12601     		N/A PC GENERAL 5,000
    DUTCHESS LAND CONSERVANCY
    4289 ROUTE 82
    MILLBROOK,NY12545     		N/A PC GENERAL 400,000
    ENGENDER HEALTH INC
    440 NINTH AVENUE
    NEW YORK,NY10001     		N/A PC GENERAL 50,000
    ENVIRONMENTAL ADVOCATES
    353 HAMILTON AVENUE
    ALBANY,NY12210     		N/A PC GENERAL 20,000
    AUDUBON CONSTITUTION MARSH
    2 THIRD STREET SUITE 480
    TROY,NY12180     		N/A PC GENERAL 36,000
    GLYNWOOD CENTER
    PO BOX 157
    COLD SPRING,NY10516     		N/A PC GENERAL 515,000
    GRAHAM-WINDHAM
    ONE PIERREPONT PLAZA STE 901
    BROOKLYN,NY11201     		N/A PC GENERAL 30,000
    HAWKWATCH INTERNATINAL
    2240 SOUTH 900 EAST
    SALT LAKE CITY,UT84106     		N/A PC GENERAL 30,000
    HUNTSMAN CANCER INSTITUTE
    2000 CIRCLE OF HOPE SUITE 5127
    SALT LAKE CITY,UT84112     		N/A PC GENERAL 20,000
    LITERACY SOLUTIONS NY
    PO BOX 693
    YONKERS,NY10702     		N/A PC GENERAL 30,000
    NATIONAL ASSOCIATION FOR OLMSTEAD P
    1200 18TH STREET NW SUITE 330
    WASHINGTON,DC20036     		N/A PC GENERAL 20,000
    NEW YORK THEOLOGICAL SEMINARY
    475 RIVERSIDE DRIVE
    NEW YORK,NY10115     		N/A PC GENERAL 32,000
    PARKS TRAILS NEW YORK
    29 ELK STREET
    ALBANY,NY12207     		N/A PC GENERAL 20,000
    HANDS ALONG THE NILE
    1601 NORTH KENT STREET
    ARLINGTON,VA22209     		N/A PC GENERAL 30,000
    POETRY SOCIETY OF AMERICA
    15 GRAMERCY PARK
    NEW YORK,NY10003     		N/A PC GENERAL 10,000
    POETS HOUSE
    TEN RIVER TERRACE
    NEW YORK,NY10282     		N/A PC GENERAL 10,000
    TRUSTEES OF PRINCETON UNIVERSITY
    GOYUT HALL ROOM 129
    PRINCETON,NJ08540     		N/A PC GENERAL 32,000
    PRINCETON-BLAIRSTOWN CENTER
    13 ROSZEL ROAD SUITE C204A
    PRINCETON,NJ08540     		N/A PC GENERAL 20,000
    SCHOOL OF AMERICAN BALLET
    70 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		N/A PC GENERAL 5,000
    SWANER NATURE PRESERVE
    1258 CENTER DRIVE
    PARK CITY,UT84098     		N/A PC GENERAL 250,000
    THE NATURE CONSERVANCY OF UTAH
    559 EAST SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		N/A PC GENERAL 4,300,000
    TRACY AVIARY
    589 EAST 1300 SOUTH
    SALT LAKE CITY,UT84105     		N/A PC GENERAL 666,000
    UTAH OPEN LANDS
    1488 SOUTH MAIN ST
    SALT LAKE CITY,UT84115     		N/A PC GENERAL 250,000
    UTAH RIVERS COUNCIL
    1055 EAST 2100 SOUTH SUITE 201
    SALT LAKE CITY,UT84106     		N/A PC GENERAL 125,000
    VINEYARD OPEN LAND FOUNDATION
    PO BOX 4608
    VINEYARD HAVEN,MA02568     		N/A PC GENERAL 21,000
    WAVE HILL
    675 WEST 252 STREET
    BRONX,NY10471     		N/A PC GENERAL 175,000
    WESTERN WILDLIFE CONSERVANCY
    1021 DOWNINGTON AVE
    SALT LAKE CITY,UT84105     		N/A PC GENERAL 20,000
    WILD UTAH PROJECT
    824 SOUTH 400 WEST SUITE B117
    SALT LAKE CITY,UT84101     		N/A PC GENERAL 250,000
    WOODS HOLE OCEANOGRPAHIC INSTITUTIO
    86 WATER STREET
    WOODS HOLE,MA02543     		N/A PC GENERAL 50,000
    WORKS PROCESS AT THE GUGGENHEIM
    845 THIRD AVENUE 16TH FLOOR
    NEW YORK,NY10022     		N/A PC GENERAL 10,000
    DUTCHESS DAY SCHOOL
    415 ROUTE 343
    MILLBROOK,NY12545     		N/A PC GENERAL 300,000
    MILLBROOK SCHOOL
    131 MILLBROOK SCHOOL ROAD
    MILLBROOK,NY12545     		N/A PC GENERAL 300,000
    BERKSHIRE TACONIC COMMUNITY FOUNDAT
    PO BOX 400
    SHEFFIELD,MA01257     		N/A PC GENERAL 450,000
    ADIRONDACK COUNCIL
    PO BOX D-2
    ELIZABETHTOWN,NY12932     		N/A PC GENERAL 25,000
    PROTECT THE ADIRONDACKS
    PO BOX 769
    LAKE GEORGE,NY12845     		N/A PC GENERAL 8,000
    ACADEMY OF AMERICAN POETS
    75 MAIDEN LANE SUITE 901
    NEW YORK,NY10038     		N/A PC GENERAL 10,000
    THE MACDOWELL COLONY
    163 EAST 81ST STREET
    NEW YORK,NY10028     		N/A PC GENERAL 10,000
    THE NEW YORK SOCIETY LIBRARY
    53 EAST 79TH STREET
    NEW YORK,NY10075     		N/A PC GENERAL 10,000
    VINEYARD ARTS PROJECT
    PO BOX 1527
    EDGARTOWN,MA02539     		N/A PC GENERAL 7,500
    GRAND CANYON TRUST
    2601 NORTH FORT VALLEY RD
    FLAGSTAFF,AZ86001     		N/A PC GENERAL 1,000,000
    MISS HALL'S SCHOOL
    492 HOLMES ROAD
    PITTSFIELD,MA01202     		N/A PC GENERAL 500,000
    EFS COLLEGE FOUNDATION INC
    214 BRAY HILL 1 FORESTRY DRIVE
    SYRACUSE,NY13210     		N/A PC GENERAL 50,000
    THE GARDEN CONSERVANCY
    PO BOX 219
    COLD SPRING,NY10516     		N/A PC GENERAL 50,000
    ADIRONDACK PARK INSTITUTE
    PO BOX 67
    NEWCOMB,NY12852     		N/A PC GENERAL 15,000
    NEW YORK LEAGUE OF CONSERVATION VOT
    30 BROAD STREET - 30TH FLOOR
    NEW YORK,NY10004     		N/A PC GENERAL 24,000
    ISAAC H TUTTLE FUND
    1155 PARK AVE
    NEW YORK,NY10128     		N/A PC GENERAL 10,000
    US FUND FOR UNICEF
    300 MONTGOMERY ST SUITE 515
    SAN FRANCISCO,CA94104     		N/A PC GENERAL 25,000
    VINEYARD OPEN LAND FOUNDATION
    PO BOX 4608
    VINEYARD HAVEN,MA02568     		N/A PC RESTORATION PROJECT 25,000
    MARTHA'S VINEYARD HOSPITAL
    PO BOX 1477
    OAK BLUFFS,MA02557     		N/A PC GENERAL 10,000
    MARTHA'S VINEYARD PRESERVATION TRUS
    99 MAIN ST
    EDGARTOWN,MA02539     		N/A PC GENERAL 10,000
    YADDO
    PO BOX 395
    SARATOGA SPRINGS,NY12866     		N/A PC GENERAL 10,000
    564 PARK AVE PRESERVATION FOUNDATIO
    564 PARK AVE
    NEW YORK,NY10065     		N/A PC GENERAL 5,000
    PARKS TRAILS NEW YORK
    29 ELK STREET
    ALBANY,NY12207     		N/A PC INTERNSHIP PROGRAM 50,000
    FRIENDS OF GREAT SALT LAKE
    PO BOX 2655
    SALT LAKE CITY,UT84110     		N/A PC GENERAL 20,000
    THE MATHEW 25 FARM
    919 MECHANIC STREET
    TULLY,NY13159     		N/A PC GENERAL 50,000
    DOCTORS WITHOUT BORDERS
    333 7TH AVENUE
    NEW YORK,NY10001     		  PC GENERAL 40,000
    NATIONAL PUBLIC RADIO FOR WQXR
    160 VARICK ST 8TH FLOOR
    NEW YORK,NY10013     		N/A PC GENERAL 10,000
    PBS WNET 13 NY PUBLIC MEDIA
    825 8TH AVE
    NEW YORK,NY10019     		N/A PC GENERAL 10,000
    PETEY GREEN PRISONER ASSISTANCE PRG
    9 MERCER ST
    PRINCETON,NJ08540     		N/A PC GENERAL 25,500
    MARTHA'S VINEYARD PLAYHOUSE
    24 CHURCH ST
    VINEYARD HAVEN,MA02568     		N/A PC GENERAL 15,000
    7 WEST 43RD STREET FOUNDATION
    7 WEST 43RD STREET
    NEW YORK CITY,NY10036     		N/A PC GENERAL 2,500
    ADIRONDACK RESEARCH CONSORTIUM
    201 PAOLOZZI CENTER
    PAUL SMITH,NY12970     		N/A PC GENERAL 8,000
    ALLIANCE TO PROTECT NANTUCKET SOUND
    4 BARNSTABLE RD
    HYANNIS,MA02601     		N/A PC GENERAL 20,000
    CLEMENTE COURSE IN THE HUMANITIES
    500 FIFTH AVENUE
    NEW YORK,NY10110     		N/A PC GENERAL 31,500
    FRIENDS OF CORNELL LAB OF ORNITHOLO
    159 SAPSUCKER WOODS RD
    ITHACA,NY14850     		N/A PC GENERAL 1,600,000
    MARTHA'S VINEYARD MUSEUM
    PO BOX 1310
    EDGARTOWN,MA02539     		N/A PC GENERAL 10,000
    MILLBROOK LIBRARY
    PO BOX 286
    MILLBROOK,NY12545     		N/A PC GENERAL 75,000
    NEW YORK CITY BALLET
    20 LINCOLN CENTER
    NEW YORK CITY,NY10023     		N/A PC GENERAL 10,000
    QUEENS BOTANICAL GARDEN
    43-50 MAIN STREET
    FLUSHING,NY11355     		N/A PC GENERAL 2,500
    TUG HILL TOMORROW - LAND TRUST
    PO BOX 6063
    WATERTOWN,NY13601     		N/A PC GENERAL 50,000
    U N HIGH COMMISSION FOR REFUGEES -
    775 K STREET NW SUITE 580
    WASHINGTON,DC20006     		N/A PC GENERAL 25,000
    WILDLIFE REHABILITATION CENTER OF N
    3127 N PELICAN DR
    FARR WEST,UT84404     		N/A PC GENERAL 12,000
    HOSPICE OF MARTHAS VINEYARD
    PO BOX 1748
    VINEYARD HAVEN,MA02568     		N/A PC GENERAL 2,000
    MARTHA'S VINEYARD CENTER FOR LIVING
    PO BOX 1729
    VINEYARD HAVEN,MA02568     		N/A PC GENERAL 2,500
    ADIRONDACK EXPLORER
    36 CHURCH STREET
    SARANAC LAKE,NY12983     		N/A PC GENERAL 15,000
    BERKSHIRE TACONIC COMMUNITY FND
    PO BOX 400
    SHEFFIED,MA01257     		N/A PC GENERAL 500,000
    PINE PLAINS MEMORIAL HALL
    PO BOX 1024
    PINE PLAINS,NY12567     		N/A PC GENERAL 200,000
    AUDUBON
    225 VARICK ST 7TH FLOOR
    NEW YORK,NY10014     		N/A PC GENERAL 1,445,000
    CORNELL LAB OF ORNITHOLOGY
    159 SAPSUCKER WOODS RD
    ITHICA,NY14850     		N/A PC GENERAL 400,000
    INTERNATIONAL CRANE FOUNDATION
    PO BOX 447
    BARABOO,WI53913     		N/A PC GENERAL 1,000,000
    MUSEUM OF MOAB
    118 E CENTER ST
    MOAB,UT84532     		N/A PC GENERAL 333,000
    THE WILDERNESS SOCIETY
    1615 M STREET
    WASHINGTON,DC20036     		N/A PC GENERAL 500,000
    TRUST FOR PUBLIC LAND
    101 MONTGOMERY ST SUITE 900
    SAN FRANCISCO,CA94104     		N/A PC GENERAL 700,000
    SCENIC HUDSON
    ONE CIVIC CENTER PLAZA SUITE 200
    POUGHKEEPSIE,NY12601     		N/A PC GENERAL 1,500,000
    ADIRONDAK LAND TRUST
    2861 NYS ROUTE 73
    KEENE,NY12942     		N/A PC GENERAL 10,000
    ADIRONDACK EXPERIENCE
    2861 NYS ROUTE 73
    KEENE,NY12942     		N/A PC GENERAL 24,000
    BARNEY'S WALL
    220 EAST 73RD STREET - SUITE 5G
    NEW YORK,NY10021     		N/A PC GENERAL 10,000
    COLORADO OUTWARD BOUND SCHOOL
    5161 SHERIDAN BLVD
    DENVER,CO80212     		N/A PC GENERAL 250,000
    IES CARY INSTITUTE
    PO BOX AB
    MILLBROOK,NY12545     		N/A PC GENERAL 25,000
    LUMEN PRODUCTIONS
    PO BOX 4
    COLD SPRING,NY10516     		N/A PC GENERAL 10,000
    MILLBROOK FIRE DEPT
    PO BOX 202
    MILLBROOK,NY12545     		N/A PC GENERAL 25,000
    MILLBROOK RESCUE SQUAD
    PO BOX 202
    MILLBROOK,NY12545     		N/A PC GENERAL 25,000
    RONALD MCDONALD HOUSE
    935 E SOUTH TEMPLE
    SALT LAKE CITY,UT84102     		N/A PC GENERAL 375,000
    THE NATURE CONSERVANCY ADIRONDACK C
    8 NATURE WAY
    KEENE VALLEY,NY12943     		N/A PC GENERAL 30,000
    UPSTATE MEDICAL
    750 EAST ADAMS STREET
    SYRACUSE,NY13210     		N/A PC GENERAL 75,000
    Total .................................bullet 3a 20,006,000
    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 40,727  
    4 Dividends and interest from securities....     14 991,841  
    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.....     14 2,228  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,935,101  
    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)..   7,969,897  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,969,897
    (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: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,431 11,431 0 0

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 500,297 488,762

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 13,379,085 18,580,343

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    US Government Securities - End of Year Book Value:

    587,444
    US Government Securities - End of Year Fair Market Value:

    583,540
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 2,483,568 2,187,493

    TY 2018 OtherExpensesSchedule
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 60 60    
    NEW YORK STATE FILING FEE 750      


    TY 2018 OtherIncomeSchedule2
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 2,228 2,228 2,228


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 218,740 218,740 0 0
    OTHER INVESTMENT EXPENSES 1,737 1,737 0 0


    TY 2018 TaxesSchedule
    Name:
    THE WALBRIDGE FUND
     
    CO ARTHUR YORKE ALLEN
    EIN:
    13-3936131
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 158,000      
    FOREIGN TAXES 10,954 10,954