TY 2018 Form 990PF

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.............	10,000	11,201	11,201
	2	Savings and temporary cash investments.........	91,991	44,623	44,623
	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..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	289,712	310,693	270,523
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	391,703	366,517	326,347
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	203,400	203,400
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	188,303	163,117
	30	Total net assets or fund balances (see instructions).....	391,703	366,517
	31	Total liabilities and net assets/fund balances (see instructions).	391,703	366,517

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	437,154	427,393	9,761
b	49,837	115,626	-65,789
c	1,998		1,998
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	-54,030
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

(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	17,724	353,923	0.050079
2016	18,685	348,742	0.053578
2015	18,580	409,204	0.045405
2014	463,261	700,859	0.660990
2013	34,285	738,501	0.046425

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	180
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	180
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	180
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9	180
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax	Refunded	11

(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
CHARLES B ISRAEL	DIRECTOR 2.00	0	0	0
PO BOX 505 WOODY CREEK,CO81656

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					17,398
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......
b From 2014......	431,242
c From 2015......
d From 2016......	1,598
e From 2017......	319
fTotal of lines 3a through e........		433,159
4Qualifying distributions for 2018 from Part
XII, line 4: $ 16,422
a Applied to 2017, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					16,422
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		976			976
(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		432,183
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		432,183
10 Analysis of line 9:
a Excess from 2014....	430,266
b Excess from 2015....
c Excess from 2016....	1,598
d Excess from 2017....	319
e Excess from 2018....

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

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
A WAY OUT PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
ARC WESTCHESTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
ASPCA PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	50
ASPEN HISTORICAL SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
ASPEN HOPE CENTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
ASPEN JEWISH CONGREGATION ASPEN CO PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RELIGIOUS	1,000
ASPEN MUSIC FESTIVAL AND SCHOOL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	1,100
ASPEN VALLEY LAND TRUST PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
ASPEN VALLEY MEDICAL FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RESEARCH	1,000
ASPEN VALLEY SKI CLUB PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
ASSOCIATION FOR RETARDED CHILDREN PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
BUFFALO BILL HISTORICAL CENTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
DOCTORS WITHOUT BORDERS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
DUCKS UNLIMITED PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
GREAT EASCOPAL CHURCH PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
HUMANE SOCIETY OF THE US PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
HUNGRY FOR MUSIC PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	EDUCATIONAL	50
INTERNATIONAL RHINO FUND PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
MD ANDERSON CANCER RESEARCH PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	500
MARCH OF DIMES PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
NATIONAL AUDUBON SOCIETY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
NATIONAL JEWISH HEALTH PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	RESEARCH	750
NATIONAL PARKS CONSERVATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
NATIONAL WILDFIRE FOUNDATION PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
NESHANA CENTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
PATHFINDERS FOR CANCER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
ROCKY MOUNTAIN PBS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
SALVATION ARMY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
SHRINERS HOSPITAL FOR CHILDREN PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
SOUTHEASTERN GUIDE DOGS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
SPECIAL OLYMPICS PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	200
ST JOSEPH'S INDIAN SCHOOL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	250
SYRACUSE UNIVERSITY PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
THEATRE ASPEN PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	125
TROUT UNLIMITED PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	150
UNITED JEWISH APPEAL PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	5,000
UNIVERSITY OF COLORADO PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	500
UNIVERSITY OF SOUTHERN CALIFORNIA PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	500
WINDWALKERS THERAPY CENTER PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	350
WORLD WILDLIFE FUND PO BOX 505 WOODY CREEK,CO81656	NONE	EXEMPT ORGANIZATION	CHARITABLE	100
Total ................................. 3a				15,475

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	25,401
2	Check .............
3	Interest on savings and temporary cash investments	151		151
4	Dividends and interest from securities...	5,222		5,222
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-54,030
b	Gross sales price for all assets on line 6a 488,989
7	Capital gain net income (from Part IV, line 2)...			0
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).......		7,648	7,648
12	Total. Add lines 1 through 11........	-15,608		13,021
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,894	947	947
c	Other professional fees (attach schedule)....		3,062	3,062	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		521	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	5,477		4,009	947
25	Contributions, gifts, grants paid.......	15,475			15,475
26	Total expenses and disbursements. Add lines 24 and 25	20,952		4,009	16,422
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-36,560
b	Net investment income (if negative, enter -0-)			9,012
c	Adjusted net income (if negative, enter -0-)...

(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
1 a	PUBLICLY TRADED SECURITIES
b	PUBLICLY TRADED SECURITIES
c	CAPITAL GAINS DIVIDENDS	P
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			9,761
b			-65,789
c			1,998
d
e

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

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	151
4 Dividends and interest from securities....			14	5,222
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	7,648
8 Gain or (loss) from sales of assets other than inventory ............			18	-54,030
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		-41,009	0


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

Total ................................. 3b				0

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.

Name of organization CHARLES B ISRAEL FOUNDATION

Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	CHARLES ISRAEL REMAINDER UNITRUST PO BOX 505 WOODY CREEK, CO81656	$ 25,401	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Name of organization CHARLES B ISRAEL FOUNDATION		Employer identification number 84-1390151

Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


Name of organization CHARLES B ISRAEL FOUNDATION			Employer identification number 84-1390151
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Software ID:
Software Version: