TY 2018 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2018

Open to Public Inspection

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

Name of foundation
Allied Educational Foundation

Number and street (or P.O. box number if mail is not delivered to street address)13836 Rivoli Drive
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Palm Beach Gardens, FL33410

A Employer identification number

13-6202432

B Telephone number (see instructions)

(201) 569-8180

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,339,554J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	3,102
2	Check .............
3	Interest on savings and temporary cash investments	47		47	47
4	Dividends and interest from securities...	267,977		267,977	267,977
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-268,775
b	Gross sales price for all assets on line 6a 3,783,776
7	Capital gain net income (from Part IV, line 2)...
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........	2,351		268,024	268,024
13	Compensation of officers, directors, trustees, etc.	85,000			80,000	5,000
14	Other employee salaries and wages......	57,333			28,667	28,666
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		4,830		3,220	1,610
b	Accounting fees (attach schedule).......		27,473		27,473
c	Other professional fees (attach schedule)....		122,339	29,130	45,250	47,959
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		4,779
19	Depreciation (attach schedule) and depletion...		943		943
20	Occupancy..............	26,349			26,349
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		19,190		16,400	2,790
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	348,236		29,130	228,302	86,025
25	Contributions, gifts, grants paid.......	265,151				265,151
26	Total expenses and disbursements. Add lines 24 and 25	613,387		29,130	228,302	351,176
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-611,036
b	Net investment income (if negative, enter -0-)			238,894
c	Adjusted net income (if negative, enter -0-)...				39,722

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	371,366	793,357	793,357
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	4,264	1,890	1,890
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,700,805	2,452,689	2,452,689
	c	Investments—corporate bonds (attach schedule).......	1,244,454	1,067,458	1,067,458
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 21,286
		Less: accumulated depreciation (attach schedule) 19,872	2,357	1,414	1,414
	15	Other assets (describe )	25,183	22,746	22,746
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,348,429	4,339,554	4,339,554
	17	Accounts payable and accrued expenses..........	1,816	2,956
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	1,816	2,956
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	5,346,613	4,336,598
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	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).....	5,346,613	4,336,598
	31	Total liabilities and net assets/fund balances (see instructions).	5,348,429	4,339,554

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

5,346,613

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

-611,036

Other increases not included in line 2 (itemize) bullet

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

4,735,577

Decreases not included in line 2 (itemize) bullet

398,979

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

4,336,598

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		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,783,776	4,052,551	-268,775
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			-268,775
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-268,775
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	-268,775

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017
2016
2015
2014
2013

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

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 ......

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

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

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

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

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

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,778
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	4,778
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	4,778
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	6,668
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	6,668
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,890
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax1,890	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation . Click to see attachment

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.allieded.org

The books are in care of bullet

Board of Gov-Allied Ed Found Telephone no. bullet

(201) 569-8180

Located at bullet

13836 Rivoli DrivePalm Beach GardensFL ZIP+4 bullet

33410

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2018)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
David Glazer	Trustee 1.50	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	10,000
James Crowley	Trustee 3.00	12,500
13868 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 3.00	12,500
Bertram Gelfand	Trustee 1.50	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	10,000
Joffrey Pearlman	Trustee 1.50	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	10,000
Herbert Pobiner	Trustee 3.00	12,500
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 3.00	12,500
Bruce Rogers	Trustee 1.50	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	10,000
Adam Troy	Trustee 3.00	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 3.00	10,000
Stephen Camadeco	Trustee 1.50	10,000
13836 Rivoli Drive Palm Beach Gardens,FL33410	Trustee 1.50	10,000

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

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
Automated Office Systems	Administration	78,500
13836 Rivoli Drive Palm Beach Gardens,FL33410	Administration	78,500

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	During 2018, Allied Educational Foundation filed four court briefs in the U.S. Supreme Court, and one in the U.S. Court of Appeals--11th Circuit, in partnership with Judicial Watch in order to fight against political corruption and in defense of the U.S. Constitution.	100,205
2	During 2018 the Foundation co-sponsored a three day long health and welfare conference attended by 106 people. During this conference, professional lectures by eminent authorities in medical areas of great concern to retired individuals were presented.	73,275
3	During 2018, Allied Educational Foundation filed four court briefs in the U.S. Supreme Court in association with Washington Legal Foundation. In addition, two previously filed cases were decided during 2018.	75,200
4	During 2018, Allied Educational Foundation partnered with Freedom Works to create online educational classes related to the meaning of the United States Constitution and the Declaration of Independence and the roll of a constitutional government.	74,665

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,724,357

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

200,741

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

28,927

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

4,954,025

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

4,954,025

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

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

74,310

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

4,879,715

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

243,986

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

243,986

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

4,778

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

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

4,778

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

239,208

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

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

239,208

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

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

239,208

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

351,176

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

351,176

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

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

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

351,176

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7			239,208
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......	13,644
b From 2014......	25,697
c From 2015......	70,813
d From 2016......	78,835
e From 2017......	95,762
fTotal of lines 3a through e........		284,751
4Qualifying distributions for 2018 from Part
XII, line 4: $ 351,176
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.....			239,208
e Remaining amount distributed out of corpus		111,968
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		396,719
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) ...		13,644
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		383,075
10 Analysis of line 9:
a Excess from 2014....	25,697
b Excess from 2015....	70,813
c Excess from 2016....	78,835
d Excess from 2017....	95,762
e Excess from 2018....	111,968

Form 990-PF (2018)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Washington Legal Foundation 2009 Massachusetts Avenue NW Washington,DC20036	None	Found.	File legal briefs in vital cases on issues that are important to the stability and freedom of the United States(See Statement 15.)	50,000
Judicial Watch 425 Third Street SW Washington,DC20024	None	Found	File legal briefs to fight against political corruption and in defense of the U.S. Constitution. (See Statement 13.)	75,000
Freedom Works Foundation 400 North Capitol Street NW 765 Washington,DC20001	None	Found	Create online educational classes related to the meaning of the United States Constitution and the Declaration of Independence and the roll of a constitutional government.	50,000
Matching Donors 766 Turnpike Street Canton,MA02021	None	Not Found	Provides a means for persons who need organ transplants to locate living donors. This enables the donee persons to lead normal lives.	1,000
The Macular Foundation Inc 210 E 64th Street New York,NY10065	None	Found	Education of the public about macular degeneration, its symptoms and treatment.	5,000
Total ................................. 3a				181,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	47
4 Dividends and interest from securities....			14	267,977
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	-268,775
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)..				-751

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

-751

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2018)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2018)

Additional Data

Software ID:	18007218
Software Version:	2018v3.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Annual audit and regulatory compliance	27,473	0	27,473	0

- TIN:

TY 2018 ExplnOfNonFilingWithAGStmt

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Statement:

The Foundation is not required to file Form 990-PF with the State of Florida.

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Goldman Sachs Group due 2/15/20	76,252	76,252
Barclays Bank due 1/8/20	101,568	101,568
Citigroup due 8/9/20	257,925	257,925
Nasdaq Omx Group	51,082	51,082
Royal Bank of Scotland due 8/24/20	103,237	103,237
HSBC USA due 9/27/20	102,102	102,102
Suntrust Bank due 2/15/26	66,830	66,830
Alcoa Inc. due 2/01/27	54,435	54,435
Verizon Md Inc due 6/15/33	50,286	50,286
Morgan Stanley due 9/23/19	101,481	101,481
Morgan Stanley due 1/26/20	102,260	102,260

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Bank of N.Y. 5.2% Pfd	7,001	7,001
Bank of America Corp 6% Pfd	2,806	2,806
BB & T Corp.SER G 5.2% Pfd.	4,229	4,229
BB&T Corp 5.625% Pfd	5,490	5,490
Capital One Finl 6% Pfd	2,815	2,815
DTE Energy 5.25% Pfd Ser. C.	633	633
Hartford Finl 7.875% Pfd	2,817	2,817
Kimco Realty 5.5% Pfd	507	507
Morgan Stanley Pfd Ser A Perp.	1,460	1,460
Nextera Energy 5% Pfd	1,414	1,414
PNC Financial Var Pfd	13,436	13,436
Public Storage 5.875% Pfd	1,350	1,350
Senior Housing 5.625% Pfd	2,463	2,463
State Street Crp 5.25% Pfd	2,680	2,680
US Bancorp Pfd perp. variable	4,528	4,528
Allstate 5.1% Pfd.	2,622	2,622
Axis Capital 5.5% Pfd.	1,287	1,287
BB & T Corp. 5.2% Pfd.	1,883	1,883
Citigroup Var Pfd.	8,941	8,941
Digital Realty 5.875% Pfd.	1,221	1,221
Integrys Energy 6.0% Pfd.	9,413	9,413
JP Morgan Chase 6.3% pfd.	2,588	2,588
Kimco Realty 5.625% Pfd.	1,875	1,875
PPL Capital Fdg. 5.9% Pfd.	1,182	1,182
Prudential Fin. 5.7% Pfd.	1,120	1,120
Public Storage 5.2% Pfd.	1,080	1,080
Public Storage 5.2% Pfd.	1,497	1,497
Renaissancere 5.375% Pfd.	2,096	2,096
Ventas Realty LP 5.45% Pfd.	2,009	2,009
Vornado 5.4% Pfd.	1,329	1,329
WR Berkely Corp. 5.625% Pfd.	2,492	2,492
Principal Fds. Inc.	198,885	198,885
Allstate 6.625% Pfd.	2,487	2,487
American Financial Group 6.25% Pfd.	1,620	1,620
Bank of America 6.625% Pfd.	7,886	7,886
Capital One Fin. Corp. 6.25% Pfd.	2,381	2,381
Capital One Fin 6.7% Pfd.	3,650	3,650
Citigroup Inc. 7.125% Pfd.	5,002	5,002
Citigroup Inc. 6.875% Pfd.	2,618	2,618
Digital Realty 7.375% Pfd.	1,261	1,261
Goldman Sachs Var. Pfd. Ser J	10,721	10,721
Goldman Sachs Var Pfd. Fix to Flt.	4,318	4,318
JP Morgan Chase 6.7% Pfd.	3,405	3,405
Morgan Stanley Var Pfd. 10/15/23	8,412	8,412
Morgan Stanley Var Floating 1/15/24	4,222	4,222
Nextera Energy 5.125% Pfd.	2,597	2,597
Public Storage 5.875% Pfd.	5,584	5,584
Public Storage 6.375% Pfd.	753	753
Public Storage 6% Pfd.	1,553	1,553
Regions Finl. Var Pfd.	2,876	2,876
State Street Corp. 6% Pfd.	6,139	6,139
State Street Corp. Fix to Float Pfd.	3,550	3,550
Verizon Communications Pfd. 5.9%	1,771	1,771
Wells Fargo Var. Pfd. 9/15/23	7,125	7,125
Wells Fargo Var Pfd. 3/15/24	7,884	7,884
APPLE INC	53,632	53,632
AMERICAN FIN GRP 6% PFD	807	807
BANK OF AMERICA 6.50% PFD	11,167	11,167
CAPITAL ONE FIN. 6.2% Pfd.	1,643	1,643
CHARLES SCHWAB 6% PFD 12/01/20	7,896	7,896
JP MORGAN 6.125% PFD 3/1/2020	3,777	3,777
MORGAN STANLEY 6.625% PFD	6,030	6,030
Arch Cap. Grp. 5.25% Pfd.	4,650	4,650
BB &T Corp. 5.625% Pfd. Perp. Mat.	1,317	1,317
Dominion Res. 5.25% Pfd.	5,378	5,378
DTE 5.375% Pfd.	1,298	1,298
Entergy AR 4.875% Pfd.	1,340	1,340
Entergy Arkansas Inc. 4.9% Pfd.	804	804
Entergy of LA 4.7% Pfd.	751	751
Entergy LA 4.875% Pfd	2,744	2,744
Entergy MS 4.90% Pfd.	2,621	2,621
Entergy NoLA Pfd	1,400	1,400
GATX Corp 5.625% Pfd.	2,524	2,524
Goldman Sachs 6.3% Pfd	4,108	4,108
Nextera Energy 5.25% Pfd.	3,160	3,160
PS Bus Parks 5.20% Pfd.	4,904	4,904
Public Storage 4.90% Pfd.	2,969	2,969
Reinsurance Group Amer 6.20% Pfd.	2,276	2,276
State Street Corp. 5.35% Pfd.	2,722	2,722
Wells Fargo & Co. 5.50% Pfd.	2,651	2,651
WR Berkley Co. 5.75% Pfd.	3,856	3,856
UBS AG Jersey Brh	45,827	45,827
Wisdom Tree Emerging ET	148,997	148,997
Gamco Natural Resources	12,672	12,672
Kayne Anderson MLP Investment Company	55,040	55,040
Invesco ETF Int'l Div. Achievers	114,128	114,128
Ishares MSCI EAFE Index	106,686	106,686
Alabama Pwr Co 5% pfd	2,825	2,825
Arch Cap Group Ltd. 5.45% Pfd.	4,839	4,839
AT & T Inc. 5.35% Pfd	1,336	1,336
Capital One Fin. 6% Pfd	1,721	1,721
DTE Energy 5.25% Pfd	2,670	2,670
Federal Realty Inv Tr. Pfd.	1,293	1,293
Fifth Third Bancorp Pfd var perp	1,319	1,319
First Republic Bank 5.125% Pfd.	1,281	1,281
Georgia Power 5.00% Pfd.	4,412	4,412
Keycorp Perp. 6.125% Pfd.	4,080	4,080
Kimco Realty Corp Pfd. 5.125% Perp.	2,424	2,424
New York Community Pfd Ser A var perp	3,058	3,058
Peoples Utd. 5.625% Pfd.	2,066	2,066
PS Business Parks 5.25% Pfd.	2,522	2,522
Public Storage 5.15% Pfd.	1,294	1,294
Reinsurance Grp fix-fl 6/15/56	2,284	2,284
Southern Co. 5.25% Pfd. due 12/01/2077	2,991	2,991
Southern Co. 5.25% pfd due 10/01/76	2,879	2,879
Stifel Finl 5.20% Pfd	1,231	1,231
TCF Financial Corp. 5.7% Pfd.	708	708
Vornado Realty 5.25% perp	2,528	2,528
Wells Fargo 5.625% Pfd.	2,797	2,797
Algonquin Pwr. 6.875% Pfd. 10/17/78	1,413	1,413
Allstate Corp. 5.625% Pfd. 4/15/23	5,700	5,700
AT&T 5.625% Pfd. 8/01/2067	1,391	1,391
CMS Energy 5.625% 3/15/78	2,868	2,868
CMS Energy 5.875% Pfd. 10/15/78	1,444	1,444
Duke Energy 5.625% Pfd. 9/15/78	1,410	1,410
Enbridge Inc. 6.375% Pfd. 4/15/78	2,801	2,801
First Republic Bank 5.5% Pfd. 6/30/23	1,333	1,333
Hartford Fin. Svc. Ser G 6% Pfd. 11/15/2	1,489	1,489
Kimco Realty 5.25% Pfd. 12/20/22	1,247	1,247
Metlife Inc. 5.625% Pfd. 6/15/23	2,779	2,779
Prudential 5.625% Pfd. 8/15/58	1,442	1,442
PS Business 5.2% Pfd. 12/07/22	1,253	1,253
Renaissancere 5.75% Pfd. 6/1/23	1,288	1,288
Site Ctrs. Corp. 6.375% Pfd. 6/05/22	1,274	1,274
Webster Fin'l 5.25% Pfd. 12/15/22	1,262	1,262
Ishares Mtge. ETF	180,129	180,129
Mainstay Fds. Tr.	220,077	220,077
Gabelli Utilities Fd.	248,088	248,088
Pimco Mtge. Opp. and Bond Fd.	98,089	98,089
Pimco Fds. Income Fd. Inst'l.	110,374	110,374
Pimco Fds. Rae Plus Fund	42,426	42,426
Pimco Inv. Fd.-Real Estate Secs.	279,347	279,347
Van Eck Fds.	69,885	69,885
Vanguard Explorer Fund	108,583	108,583

- TIN:

TY 2018 LandEtcSchedule2

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Furniture and Fixtures	11,015	9,601	1,414	1,414
Improvements	10,271	10,271

- TIN:

TY 2018 LegalFeesSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General legal services	4,830	0	3,220	1,610

- TIN:

TY 2018 OtherAssetsSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Interest Receivable	22,961	20,524	20,524
Security deposit	2,222	2,222	2,222

- TIN:

TY 2018 OtherExpensesSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Insurance	7,290		7,290
Office supplies and expenses	11,900		9,110	2,790

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrator's fees	78,500	0	39,250	39,250
Controller/bookkeeping services	12,000	0	6,000	6,000
Investment advisory fees	29,130	29,130	0	0
Stenographic services	2,709	0	0	2,709

- TIN:

TY 2018 TaxesSchedule

Name:

Allied Educational Foundation

EIN:

13-6202432

Software ID:

18007218

Software Version:

2018v3.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal Excise Tax	4,779