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 05-01-2018 , and ending 04-30-2019
Name of foundation
The Tripp Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)80 North Glenora Road
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Dundee, NY14837
A Employer identification number

16-0986346
B Telephone number (see instructions)

(607) 734-2665
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$1,969,086J 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 32,336 32,336 32,336
4 Dividends and interest from securities... 18,044 18,044 18,044
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 87,629
b Gross sales price for all assets on line 6a 434,599
7 Capital gain net income (from Part IV, line 2)... 87,629
8 Net short-term capital gain......... 4,423
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 257    
12 Total. Add lines 1 through 11........ 138,266 138,009 54,803
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 960      
c Other professional fees (attach schedule).... Click to see attachment 13,369 13,369    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,742 594    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,071 13,963   0
25 Contributions, gifts, grants paid....... 126,500 126,500
26 Total expenses and disbursements. Add lines 24 and 25 145,571 13,963   126,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,305
b Net investment income (if negative, enter -0-) 124,046
c Adjusted net income (if negative, enter -0-)... 54,803
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......... 157,582 130,304 130,304
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 588,063 Click to see attachment524,469 770,070
c Investments—corporate bonds (attach schedule)....... 885,224 Click to see attachment987,735 1,002,615
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 75,103 Click to see attachment46,161 66,097
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3 Click to see attachment2  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,705,975 1,688,671 1,969,086
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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,705,975 1,688,671
30 Total net assets or fund balances (see instructions)..... 1,705,975 1,688,671
31 Total liabilities and net assets/fund balances (see instructions). 1,705,975 1,688,671
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,705,975
2
Enter amount from Part I, line 27a .....................
2
-7,305
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1
4
Add lines 1, 2, and 3 ..........................
4
1,698,671
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,688,671
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 350 Astec Industries P 2017-05-17 2018-05-21
b 575 SPDR Euro Stock P 2017-05-17 2018-05-23
c 400 NIKE P 2017-06-21 2018-05-24
d 0.85 ELMIRA SAVINGS BANK P 2011-12-27 2018-06-15
e 275 Fortune Brands Home & Security P 2016-06-27 2018-06-19
100 Corning Inc P 2012-02-09 2018-06-19
10 Amazon Com Inc P 2012-02-09 2018-07-09
75 Apple, Inc P 2012-05-22 2018-08-28
10 Amazon Com Inc P 2012-02-09 2018-08-28
40 intuite P 2012-05-22 2018-08-28
25 Palo Alto Networks P 2017-10-05 2018-09-07
250 SCHLUMBERGER LTD P 2013-06-25 2018-10-31
175 Intel Corp P 2010-05-11 2018-11-02
125 Pepsico Inc P 2007-01-12 2018-11-02
20000 Pfizer Inc P 2016-07-25 2018-11-29
475 Fortune Brands Home & Security P 2016-06-27 2018-12-04
205 Laboratory Corp of American Holding P 2018-04-16 2018-12-06
125 Union Pacific P 2012-04-27 2018-12-07
55000 Ford Motor Credit Co LLC P 2013-02-28 2018-12-19
350 Invesco KBW P 2017-10-05 2018-12-27
75 FEDEX CORP P 2018-12-04 2019-02-06
75 FEDEX CORP P 2018-12-27 2019-02-06
235 Intel Corp P 2010-05-11 2019-02-07
165 Intel Corp P 2012-04-27 2019-02-07
75 Lowes Companies P 2016-10-05 2019-04-05
175 Zoetis Inc P 2016-10-05 2019-04-05
(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 20,840   19,849 991
b 23,492   22,621 871
c 28,638   21,007 7,631
d 17   12 5
e 15,511   15,088 423
2,821   1,374 1,447
17,234   1,833 15,401
16,434   6,031 10,403
19,350   1,833 17,517
21,647   6,992 14,655
5,768   3,632 2,136
12,956   18,042 -5,086
8,259   3,934 4,325
13,751   8,154 5,597
18,655   20,720 -2,065
20,214   26,061 -5,847
28,839   34,074 -5,235
18,565   7,129 11,436
52,767   56,911 -4,144
15,013   19,292 -4,279
13,845   16,113 -2,268
13,845   11,686 2,159
11,513   5,282 6,231
8,084   4,688 3,396
8,598   5,468 3,130
17,943   9,144 8,799
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       991
b       871
c       7,631
d       5
e       423
      1,447
      15,401
      10,403
      17,517
      14,655
      2,136
      -5,086
      4,325
      5,597
      -2,065
      -5,847
      -5,235
      11,436
      -4,144
      -4,279
      -2,268
      2,159
      6,231
      3,396
      3,130
      8,799
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 87,629
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 4,423
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 94,312 1,941,102 0.04859
2016 119,575 1,864,165 0.06414
2015 158,035 1,854,262 0.08523
2014 125,659 2,033,652 0.06179
2013 81,800 1,737,945 0.04707
2
Total of line 1, column (d) .....................
2
0.306816
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
0.061363
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,898,155
5
Multiply line 4 by line 3......................
5
116,476
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,240
7
Add lines 5 and 6........................
7
117,716
8
Enter qualifying distributions from Part XII, line 4,.............
8
126,500
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 1,240
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 1,240
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 1,240
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,520
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 2,520
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,280
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,280 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 ofbulletMary Rose Telephone no.bullet

    Located atbullet80 North Glenora RoadDundeeNY ZIP+4bullet14837
    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
    Henry M Kimball Trustee
    0.00     		0    
    26 North Glenora Road
    Dundee,NY14837
    Frank T Rose Trustee
    0.00     		0    
    1332 Eppinger Drive
    Port Charlotte,FL33953
    Edward T Marks Trustee
    0.00     		0    
    34 North Glenora Road
    Dundee,NY14837
    Nancy F Fulkerson Trustee
    0.00     		0    
    89 North Glenora Road
    Dundee,NY14837
    Howard H Kimball Trustee
    0.00     		0    
    241 Hillcrest Road
    Elmira,NY14903
    Susan M Pawlak Trustee
    0.00     		0    
    84 Davenport Road
    Big Flats,NY14814
    Mary Rose President
    0.00     		0    
    80 North Glenora Road
    Dundee,NY14837
    Julia Kimball De Frank Secretary
    0.00     		0    
    800 Main Street
    Riverton,NJ08077
    Steven Fulkerson Trustee
    0.00     		0    
    89 N Glenora Road
    Dundee,NY14837
    Mason De Frank Treasurer
    0.00     		0    
    800 Main Street
    Riverton,NJ08077
    Andrew Kimball Vice President
    0.00     		0    
    1023 W Broad Street
    Horseheads,NY14845
    Katie Marks Trustee
    0.00     		0    
    4169 Garrett Road
    Ithaca,NY14890
    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
    1,927,061
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,927,061
    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
    1,927,061
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,906
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,898,155
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    94,908
    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
    94,908
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,240
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,240
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    93,668
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    93,668
    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
    93,668
    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
    126,500
    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
    126,500
    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
    1,240
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    125,260
    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 93,668
    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......  
    b From 2014...... 26,109
    c From 2015...... 66,942
    d From 2016...... 28,611
    e From 2017......  
    fTotal of lines 3a through e........ 121,662
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 126,500
    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..... 93,668
    e Remaining amount distributed out of corpus 32,832
    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 5 154,494
    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) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		154,494
    10 Analysis of line 9:
    a Excess from 2014.... 26,109
    b Excess from 2015.... 66,942
    c Excess from 2016.... 28,611
    d Excess from 2017....  
    e Excess from 2018.... 32,832
    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
    Southside Community Center
    PO Box 4187
    Elmira,NY14904     		Independent agency PC General Support 7,000
    Clemens Center
    PO Box 1046
    Elmira,NY14902     		Independent agency Public General operating support & programming 30,000
    Compeer Chemung County
    310 Pennsylvania Avenue
    Elmira,NY14904     		Independent agency Public Operating support for Pal Program and Circle of Friends 6,000
    Chem Co Youth Bureau
    599 Harris Hill Road
    Elmira,NY14903     		Independent agency Public Support for summer youth programs 1,000
    Dundee United Way Fund
    PO Box 15
    Dundee,NY14837     		Independent agency Public Local non-profit organizations 2,000
    Yates County NYSARC Inc
    235 North Avenue
    Penn Yan,NY14527     		Independent agency Public Autisum Resource Center 20,000
    Dundee Fire Department
    12 Union Street
    Dundee,NY14837     		Independent agency NC Power load unit purchase 18,000
    S2AY Rural Health Network
    PO Box 97
    Corning,NY14830     		Independent agency NC Fund Our town rocks and reads program 6,000
    Schuyler Co Child Care Council
    208 West Broadway St
    Montour Falls,NY14865     		Independent agency PC Support My Place program Sinage & bathroom remodel 6,500
    Horseheads Family Resource Center
    1034 West Broad Street
    Horseheads,NY14845     		Independent agency PC To fund playful learning program 5,000
    Lake Champlain Maritime Museum
    4472 Basin Harbor Road
    Vergennes,VT05491     		Independent agency PC Sonar & ROV inspection Seneca Lake 25,000
    Total .................................bullet 3a 126,500
    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 ...........     		        32,336
    4 Dividends and interest from securities....         18,044
    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 ............     		        87,629
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCCTC litigation settlemen     		    1   42
    bForeign Tax Reclaim         215
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     138,266
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    138,266
    (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.)
    348 The Foundation's funds are invested solely in order to make contributions to charitable organizations.
    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 Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax Preparation Fee 960 0 0 0

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Accrued Interest   11,240
    Flextronics Intl 4.625% 25,670 25,278
    Ford Motor Credit Co LLC 4.250%    
    Intel Corp 3.3% Due 10-01-21 52,082 50,818
    Verisign, Inc. 4.625% Due 5-1-23 50,332 50,750
    Microsoft Corp 3.625% Due 12-15-23 52,621 52,122
    Constellation Brands, Inc. 4.7% Due 11-1 25,614 26,772
    Kemper Corp 4.350% Due 02-15-25 50,704 51,037
    Exxon Mobil Corp 2.397% 24,963 24,937
    PNC Funding Corp 25,887 25,390
    50000 Apple Inc 3.2% 49,869 50,849
    25000 Qualcomm Inc 3.45% 24,144 25,484
    25000 Union Pacific Corp 3.25% 24,818 25,274
    25000 Stryker Corp 3.375% 25,072 25,352
    25000 Oracle Corp 4.3% 24,770 26,661
    Walgreen Co 3.100% 52,007 49,898
    State Street Corp 25,082 25,230
    Coca Cola Company 2.875% 24,750 25,074
    Pfizer Inc 2.75%    
    Home Depot Inc 3.75% 2-15-24 61,725 62,731
    Kimberly-Clark Corp 2.65% 3-1-25 50,145 49,138
    Waste Management 3.125% 3-1-25 60,910 60,403
    Novartis Cap Corp 3% 11-20-25 51,582 50,345
    Comcast Corp 3.3% 2-1-27 24,846 24,939
    Wal-Mart Stores 3.125% 6-23-21 25,149 25,284
    Toyota Auto Receivable 3.3% 1-12-22 60,276 61,093
    Alphabet Inc 3.375% 2-25-24 20,055 20,755
    Johmson & Johnson 2.95% 3-3-27 49,316 49,907
    Prizer Inc 3.6% 9-15-28 25,346 25,854

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    25 Amazon.Com 4,582 48,163
    200 Apple, Inc. 13,547 40,134
    175 Chevron 21,538 21,011
    1200 Corning 21,813 38,220
    605 Elmira Savings Bank 8,264 9,892
    125 Goldman Sachs Group, Inc. 19,499 25,740
    425 Intel Corp 11,492 21,692
    85 Intuitive Surg 14,858 43,404
    275 Pepsico 21,060 35,214
    250 Schlumberger Ltd    
    250 Union Pacific 14,080 44,260
    600 Verizon Comm 26,684 34,314
    450 Altria Group Inc 8,560 13,583
    125 United Technologies 14,387 17,826
    25 Alphabet Inc Class A 17,780 29,974
    575 CVS Corp 43,751 31,268
    750 Fortune Brands Home & Security    
    225 JP Morgan Chase & Co 19,792 26,111
    200 Lowes Companies Inc 14,582 22,628
    130 Northrup Grumman Corp 35,822 37,688
    150 Zoetis Inc 7,838 15,276
    350 Astec Industries    
    250 Discover Financial SVCS 19,117 20,372
    1625 Keycorp Inc 32,264 28,519
    205 Laboratory Corp    
    400 Nike Inc    
    100 Palo Alto Networks Inc 14,527 24,883
    375 Coca-Cola Co 17,833 18,397
    275 Lyondellbassell Industries 23,867 24,263
    125 Microsoft Corp 13,214 16,325
    925 Roche Holding 29,087 30,580
    425 TC Energy Corp 17,744 20,298
    250 Xilinx Inc 16,887 30,035

    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    375 Ishares Nasdaq Biotech AT COST 15,001 39,908
    350 Invesco KBW Regional Banking AT COST    
    575 SPDR Euro STOXX AT COST    
    300 Wisdom Tree Japan Hedged AT COST 18,189 15,597
    950 SPDR S&P Oil & Gas Equipment AT COST 12,971 10,592

    TY 2018 OtherAssetsSchedule
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Rounding 3 2  


    TY 2018 OtherDecreasesSchedule
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    Grant check written in 2017 cleared in 2018 10,000


    TY 2018 OtherIncomeSchedule2
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CCTC litigation settlemen 42    
    Foreign Tax Reclaim 215    


    TY 2018 OtherIncreasesSchedule
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    Rounding 1


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR fees 26 26 0 0
    Investment Mgt Fees-Valicenti 13,343 13,343 0 0


    TY 2018 TaxesSchedule
    Name:
    The Tripp Foundation Inc
    EIN:
    16-0986346
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2017 Federal Balance Due 1,353      
    2018 Federal Estimated Tax Pmts 2,520      
    Foreign tax payment 594 594    
    NYS Dept of Law Filing Fee 275