Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019
Name of foundation
SHELTON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2791
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ABILENE, TX79604
A Employer identification number

75-2655885
B Telephone number (see instructions)

(325) 676-7724
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$21,796,966J 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      
4 Dividends and interest from securities... 572,425 572,425  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 685,760
b Gross sales price for all assets on line 6a 2,425,788
7 Capital gain net income (from Part IV, line 2)... 685,760
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 3,034 3,034  
12 Total. Add lines 1 through 11........ 1,261,219 1,261,219  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 130,350 32,588   97,762
14 Other employee salaries and wages...... 51,800 12,950   38,850
15 Pension plans, employee benefits....... 34,682 8,671   26,011
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,375 0   9,375
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 37,496 6,029   7,467
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,050 262   788
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,395 2,563   4,832
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 272,148 63,063   185,085
25 Contributions, gifts, grants paid....... 823,818 823,818
26 Total expenses and disbursements. Add lines 24 and 25 1,095,966 63,063   1,008,903
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 165,253
b Net investment income (if negative, enter -0-) 1,198,156
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,197,679 632,805 632,805
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)....... 26,258,605 Click to see attachment25,972,205 7,448,515
c Investments—corporate bonds (attach schedule)....... 3,353,561 Click to see attachment4,050,557 4,082,848
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,798,623 Click to see attachment8,117,288 9,631,932
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment866 Click to see attachment866
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,608,468 38,773,721 21,796,966
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 38,608,468 38,773,721
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    
30 Total net assets or fund balances (see instructions)..... 38,608,468 38,773,721
31 Total liabilities and net assets/fund balances (see instructions). 38,608,468 38,773,721
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
38,608,468
2
Enter amount from Part I, line 27a .....................
2
165,253
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
38,773,721
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
38,773,721
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,371,495   1,740,028 631,467
b 54,293     54,293
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       631,467
b       54,293
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 685,760
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,389,391 23,560,266 0.058972
2016 1,179,022 23,586,131 0.049988
2015 1,635,659 24,318,709 0.067259
2014 2,104,753 36,082,952 0.058331
2013 2,041,063 43,255,917 0.047186
2
Total of line 1, column (d) .....................
2
0.281736
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
0.056347
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
21,357,782
5
Multiply line 4 by line 3......................
5
1,203,447
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,982
7
Add lines 5 and 6........................
7
1,215,429
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,008,903
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 23,963
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 0
3 Add lines 1 and 2........................... 3 23,963
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 23,963
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 30,535
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 30,535
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 6,572
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet6,572 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    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 ofbulletDAVID L COPELAND PRESIDENT Telephone no.bullet (325) 676-7724

    Located atbullet273 WALNUTABILENETX ZIP+4bullet79601
    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
     
     
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DAVID L COPELAND PRES/TREAS/DIR
    30.00     		130,350 21,396 0
    PO BOX 2791
    ABILENE,TX79604
    SHAY SHELTON HOFFMAN DIRECTOR
    3.00     		0 0 0
    PO BOX 2791
    ABILENE,TX79604
    SINDY SHELTON DURHAM DIRECTOR
    3.00     		0 0 0
    PO BOX 2791
    ABILENE,TX79604
    C CHRISTINE NICHOLS ADVISORY DIR.
    1.00     		0 0 0
    PO BOX 2791
    ABILENE,TX79604
    WENDY H DURHAM DIRECTOR
    3.00     		0 0 0
    PO BOX 2791
    ABILENE,TX79604
    ANDREW D DURHAM DIRECTOR
    3.00     		0 0 0
    PO BOX 2791
    ABILENE,TX79604
    DAVID R DURHAM DIRECTOR
    3.00     		0 0 0
    PO BOX 2791
    ABILENE,TX79604
    LEONARD R HOFFMAN DIRECTOR
    3.00     		0 0 0
    PO BOX 2791
    ABILENE,TX79604
    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
    MITTIE BLACKBURN GRANTS ADMIN.
    21.00     		44,557 12,543 0
    PO BOX 2791
    ABILENE,TX79604
    Total number of other employees paid over $50,000...................bullet 0
    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.............bullet0
    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.........................bullet0
    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
    21,076,176
    b
    Average of monthly cash balances.......................
    1b
    606,851
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,683,027
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) Click to see attachment.............
    1e
    143,247
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    21,683,027
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    325,245
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    21,357,782
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,067,889
    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
    1,067,889
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    23,963
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,963
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,043,926
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,043,926
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,043,926
    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
    1,008,903
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    1,008,903
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,008,903
    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 1,043,926
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 870,429
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,008,903
    a Applied to 2017, but not more than line 2a 870,429
    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..... 138,474
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (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 0
    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 ..........     		905,452
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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 e-mail address of the person to whom applications should be addressed:
    SHELTON FAMILY FOUNDATION DAVID L C
    PO BOX 2791
    ABILENE,TX79604
    (325) 676-7724
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT FOUNDATION MANAGER TO RECEIVE APPLICATION GUIDELINES.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO 501(C)(3) ORGANIZATIONS OR GOVERNMENTAL ENTITIES, PRIMARILY IN WEST CENTRAL TEXAS.
    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
    ABILENE ARTS ALLIANCE
    1101 NORTH 1ST
    ABILENE,TX79601     		  PC 2018-2019 BROADWAY SERIES 1,000
    ABILENE ARTS ALLIANCE
    1101 NORTH 1ST
    ABILENE,TX79601     		  PC CHILDREN'S PERFORMING ARTS SERIES 2,000
    ABILENE ARTS ALLIANCE
    1101 NORTH 1ST
    ABILENE,TX79601     		  PC YOUNG AUDIENCES WITH 2019 NCCIL 4,000
    ABILENE CHAMBER OF COMMERCE FOUNDATION
    P O BOX 2281
    ABILENE,TX79604     		  PC MLK BANQUET 1,500
    ABILENE CHRISTIAN SCHOOLS INC
    2550 NORTH JUDGE ELY BLVD
    ABILENE,TX79601     		  PC STEP RIGHT UP 500
    ABILENE CHRISTIAN UNIVERSITY
    ACU BOX 29100
    ABILENE,TX76999     		  PC SPRINGBOARD PROGRAM 750
    ABILENE HOPE HAVEN INC
    801 SOUTH TREADAWAY BLVD
    ABILENE,TX79602     		  PC CHRISTMAS CONCERT 1,000
    ABILENE OPERA ASSOCIATION
    P O BOX 6611
    ABILENE,TX79608     		  PC WEST SIDE STORY 250
    ABILENE PERFORMING ARTS COMPANY INC
    1049 INDUSTRIAL BLVD SUITE 200
    ABILENE,TX79602     		  PC SCHOLARSHIP FUND 500
    ABILENE PHILHARMONIC GUILD INC
    401 CYPRESS STE 520
    ABILENE,TX79601     		  PC 2019 BALL 5,000
    ABILENE YOUTH SPORTS AUTHORITY INC
    4351 RIDGEMONT DR STE E
    ABILENE,TX79606     		  PC SPORTS CENTER 50,000
    ABILENE ZOOLOGICAL SOCIETY
    2070 ZOO LANE
    ABILENE,TX79602     		  PC ZOOBILATION 1,000
    AMERICAN ASSOCIATION OF UNIVERSITY WOMEN
    PO BOX 6107
    ABILENE,TX79608     		  PC WOMEN OF OUTSTANDING ACHIEVEMENT 2,500
    AMERICAN CANCER SOCIETY
    3402 NORTH FIRST ST STE 102
    ABILENE,TX79603     		  PC CATTLE BARON'S BALL 1,500
    AMERICAN NATIONAL RED CROSS
    1610 NORTH 2ND STREET
    ABILENE,TX79601     		  PC 2019 OPERATIONS 5,000
    ANSON JONES MEMORIAL MEDICAL FOUNDATION
    402 CYPRESS STE 123
    ABILENE,TX79601     		  PC GOLD-HEADED CANE GALA 3,000
    BIG COUNTRY AIRPOWER INC
    PO BOX 2585
    ABILENE,TX79604     		  PC AIRFEST 2019 1,500
    BIG COUNTRY ATHLETIC HALL OF FAME
    25 GLEN ABBEY
    ABILENE,TX79606     		  PC CLASS OF 2019 500
    BOY SCOUTS OF AMERICA
    3811 N 1ST
    ABILENE,TX79602     		  PC 2019 DISTINGUISED CITIZENS AWARD DINNER 2,500
    CALLAHAN COUNTY AGING SERVICES
    100 W 4TH SUITE 302
    BAIRD,TX79504     		  PC 2019 OPERATIONS 5,000
    CANCER SERVICES NETWORK
    PO BOX 2026
    ABILENE,TX79604     		  PC RUN TOGETHER 5K 1,000
    CELEBRATE FOREVER FAMILIES
    PO BOX 216
    KAUFMAN,TX75412     		  PC OPERATIONS 30,000
    CENTER FOR CONTEMPORARY ARTS
    220 CYPRESS
    ABILENE,TX79601     		  PC 2017-2019 ARTREACH PROGRAM 2,500
    CHORUS ABILENE
    PO BOX 3358
    ABILENE,TX79604     		  PC 2019 SPOTLIGHT YOUTH GALA 500
    CHRISTIAN HOMES & FAMILY SERVICES
    1202 ESTATES DRIVE
    ABILENE,TX79602     		  PC 2019 CALL HER BLESSED LUNCHEON 1,000
    CHRISTIAN SERVICE CENTER OF ABILENE INC
    3185 N 10TH ST
    ABILENE,TX79603     		  PC FOR THE LEAST OF THESE 1,000
    CHRISTIAN SERVICE CENTER OF ABILENE INC
    3185 N 10TH ST
    ABILENE,TX79603     		  PC RENTAL ASSISTANCE PROGRAM 8,000
    COMMUNITY FOUNDATION OF ABILENE
    P O BOX 1001
    ABILENE,TX79604     		  PC ABILENE GIVES 2019 2,500
    COMMUNITY FOUNDATION OF ABILENE
    P O BOX 1001
    ABILENE,TX79604     		  PC NEW OFFICE BUILDING 50,000
    CONNECTING CARING COMMUNITIES
    2701 HICKORY STREET
    ABILENE,TX79601     		  PC N2N NETWORK 10,000
    CYSTIC FIBROSIS FOUNDATION
    4040 NORTH CENTRAL EXPRESSWAY STE
    730
    DALLAS,TX75204     		  PC GREAT STRIDES WALK 2019 1,000
    DAY NURSERY OF ABILENE
    702 CEDAR STREET
    ABILENE,TX79601     		  PC PUTT FOR CHILDERN 1,000
    DAY NURSERY OF ABILENE
    702 CEDAR STREET
    ABILENE,TX79601     		  PC DUELING PIANOS, DINNER AND DESSERTS 1,000
    DAY NURSERY OF ABILENE
    702 CEDAR STREET
    ABILENE,TX79601     		  PC COLLEGE HEIGHTS CONVERSION 25,000
    DISABILITY RESOURCES INCORPORATED
    P O BOX 1880
    ABILENE,TX79604     		  PC FULFILLING THE PROMISE CAMPAIGN 25,000
    EXPO CENTER OF TAYLOR COUNTY
    1700 HIGHWAY 36
    ABILENE,TX79602     		  PC EVENING FOR THE EXPO 1,200
    FAITHWORKS OF ABILENE
    1229 NORTH MOCKINGBIRD
    ABILENE,TX79603     		  PC NEW BUILDING RENOVATIONS 25,000
    FOOD BANK OF ABILENE INC
    5505 NORTH 1ST STREET
    ABILENE,TX79603     		  PC YEAR END NEED 5,000
    FOOD BANK OF ABILENE INC
    5505 NORTH 1ST STREET
    ABILENE,TX79603     		  PC COOLER EXPANSION 30,000
    FRIENDS OF THE ABILENE PUBLIC LIBRARY
    C/O 202 CEDAR
    ABILENE,TX79601     		  PC 2019 WEST TEXAS BOOK & ARTHUR FESTIVAL 2,000
    GRACE MUSEUM
    102 CYPRESS ST
    ABILENE,TX79601     		  PC 2019 ANNUAL FALL BENEFIT 5,000
    GROVER NERLSON PARK ZOOLOGICAL FOUNDATION
    3301 SOUTH 14TH STREE STE 16 PMB
    149
    ABILENE,TX79605     		  PC JOURNEY TO MADAGASCAR EXHIBIT 25,000
    HARDIN-SIMMONS UNIVERSITY
    P O BOX 16000
    ABILENE,TX79698     		  PC JAMES B. SIMMONS DINNER 1,000
    HARDIN-SIMMONS UNIVERSITY
    P O BOX 16000
    ABILENE,TX79698     		  PC HOUSTON-LANTRIP CENTER 100,000
    HISTORIC PARAMOUNT THEATRE INC
    P O BOX 1818
    ABILENE,TX79604     		  PC ELF 500
    INTERESTED CITIZENS OF ABILENE NORTH
    701 MESQUITE STREET
    ABILENE,TX79601     		  PC ANNUAL HERO'S LUNCHEON 500
    JUNIOR ACHIEVEMENT OF THE CHISHOLM TRAIL INC
    301 CYPRESS ST STE 310
    ABILENE,TX79601     		  PC PROGRAM SCHOLARSHIP 1,000
    KENLEY SCHOOL
    1434 MATADOR
    ABILENE,TX79605     		  PC 2019 OPERATIONS 55,000
    MARCH OF DIMES BIRTH DEFECTS FOUNDATION
    1802 WOODRIDGE DRIVE
    ABILENE,TX79605     		  PC SIGNATURE CHEFS AUCTION 1,000
    MCMURRY UNIVERSITY
    MCM STATION BOX 938
    ABILENE,TX79697     		  PC 2019 WOMEN'S LEADERSHIP LUNCHEON 1,000
    MEALS ON WHEELS PLUS INCORPORATED
    P O BOX 903
    ABILENE,TX79604     		  PC CHARITY GOLF TOURNAMENT 1,000
    MEALS ON WHEELS PLUS INCORPORATED
    P O BOX 903
    ABILENE,TX79604     		  PC NEW COMPUTERS 10,868
    NATIONAL CENTER FOR CHILDREN'S ILLUSTRATED LITERATURE
    102 CEDAR
    ABILENE,TX79601     		  PC A TIME AND PLACE FOR EVERYTHING: PETER BROWN 1,000
    NATIONAL CENTER FOR CHILDREN'S ILLUSTRATED LITERATURE
    102 CEDAR
    ABILENE,TX79601     		  PC 2019 OPERATIONS SUPPORT 42,000
    NOAH PROJECT
    5802 TEXAS AVE
    ABILENE,TX79605     		  PC EIGHT ROOM ADDITION 30,000
    PRESBYTERIAN MEDICAL CARE MISSON
    1857 PINE STREET STE 100
    ABILENE,TX79601     		  PC PULL FOR PATIENTS 1,000
    PRESBYTERIAN MEDICAL CARE MISSON
    1857 PINE STREET STE 100
    ABILENE,TX79601     		  PC CHALLENGE GRANT 2,500
    REGIONAL VICTIM CRISIS CENTER
    P O BOX 122
    ABILENE,TX79604     		  PC CELEBRATION EVENT 750
    RESCUE THE ANIMALS
    4620 NORTH FIRST STREET
    ABILENE,TX79603     		  PC 2019 OPERATING EXPENSES 20,000
    RESTORED HOPE MINISTRIES INC
    PO BOX 710127
    DALLAS,TX75371     		  PC OPERATIONS 25,000
    SPECIAL OLYMPICS TEXAS INC
    500 CHESTNUT STREET STE 1821
    ABILENE,TX79601     		  PC 2018 SPORTS PROGRAM 5,000
    ST VINCENT PALLOTTI PARISH
    C/O 2525 WESTVIEW DRIVE
    ABILENE,TX79603     		  PC 2019 CINCO DE MAYO 500
    TAYLOR COUNTY HISTORY CENTER
    133 N WILLIAM STREET
    BUFFALO GAP,TX79508     		  PC COMANCHE MOON SOCIAL 1,000
    TAYLOR COUNTY VETERANS SERVICE OFFICE
    400 OAK STREET SUITE 170
    ABILENE,TX79602     		  PC THANKSGIVING MEAL 1,000
    TEXAS FAMILY INSTITUTE
    100 CHESTNUT SUITE 101
    ABILENE,TX79602     		  PC SAMARITAN FUND 2,500
    TEXAS RAMP PROJECT
    BOX 832065
    RICHARDSON,TX75083     		  PC OPERATION 10,000
    THE ABILENE EDUCATION FUND
    P O BOX 1999
    ABILENE,TX79604     		  PC 2017-2020 COOL PROGRAM 123,500
    TSTC FOUNDATION
    3801 CAMPUS DRIVE
    WACO,TX76705     		  PC OPERATIONS 20,000
    UNITED METHODIST ABILENE AREA BOARD OF MISSIONS
    PO BOX 863
    ABILENE,TX79604     		  PC NEWW AIR CONDITIONER 5,000
    UNITED WAY OF ABILENE
    P O BOX 82
    ABILENE,TX79604     		  PC ABILENE STREATS 1,000
    UNITED WAY OF ABILENE
    P O BOX 82
    ABILENE,TX79604     		  PC 2019 CAMPAIGN 12,500
    WEST TEXAS REHABILITATION CENTER
    4601 HARTFORD
    ABILENE,TX79605     		  PC VSA CATALYST GRANT 1,000
    BIG COUNTRY CASA
    400 OAK STREET SUITE 217
    ABILENE,TX79602     		  PC GROW VOLUNTEER BASE 5,000
    Total .................................bullet 3a 823,818
    bApproved for future payment
    ABILENE PHILHARMONIC GUILD INC
    401 CYPRESS STE 520
    ABILENE,TX79601     		  PC 2020 BALL 5,000
    CELEBRATE FOREVER FAMILIES
    PO BOX 216
    KAUFMAN,TX75412     		  PC OPERATIONS 29,000
    CHRISTIAN SERVICE CENTER OF ABILENE INC
    3185 N 10TH ST
    ABILENE,TX79603     		  PC RENTAL ASSISTANCE PROGRAM 8,000
    CONNECTING CARING COMMUNITIES
    2701 HICKORY STREET
    ABILENE,TX79601     		  PC N2N NETWORK 10,000
    DAY NURSERY OF ABILENE
    702 CEDAR STREET
    ABILENE,TX79601     		  PC COLLEGE HEIGHTS CONVERSION 25,000
    DISABILITY RESOURCES INCORPORATED
    P O BOX 1880
    ABILENE,TX79604     		  PC FULFILLING THE PROMISE CAMPAIGN 50,000
    FIRST BAPTIST CHURCH
    1333 NORTH THIRD STREET
    ABILENE,TX79601     		  PC CITY LIGHT RENOVATION 100,000
    FOOD BANK OF ABILENE INC
    5505 NORTH 1ST STREET
    ABILENE,TX79603     		  PC YEAR END NEED 5,000
    HENDRICK HOME FOR CHILDREN
    P O BOX 5195
    ABILENE,TX79608     		  PC MAIN BUILDING 25,000
    SPECIAL OLYMPICS TEXAS INC
    500 CHESTNUT STREET STE 1821
    ABILENE,TX79601     		  PC 2019 SPORTS PROGRAM 5,000
    TSTC FOUNDATION
    3801 CAMPUS DRIVE
    WACO,TX76705     		  PC OPERATIONS 140,000
    UNITED WAY OF ABILENE
    P O BOX 82
    ABILENE,TX79604     		  PC 2020 CAMPAIGN 12,500
    Total .................................bullet 3b 414,500
    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 ...........     		         
    4 Dividends and interest from securities....     14 572,425  
    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 3,034  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 685,760  
    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 1,261,219 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,261,219
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EIDE BAILLY LLP 9,375 0   9,375

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APPLE BOND 511,473 528,995
    EXXON BOND 249,970 249,577
    IBM BOND 516,063 510,035
    JP MORGAN CHASE BOND 524,488 520,085
    MICROSOFT BOND 495,492 506,185
    ORACLE BOND 498,678 505,355
    WAL-MART BOND 509,464 507,995
    GOLDMAN SACHS 248,805 252,014
    CITIBANK 248,124 251,800
    WELLS FARGO 248,000 250,807

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 33,498 69,336
    ABBOTT LABORATORIES 17,184 58,870
    ABBVIE INC 18,634 50,904
    ACCENTURE PLC 99,804 115,481
    ADP INC 124,369 545,589
    ALPHABET INC 62,781 162,420
    ANGLO AMERICAN PLC 97,421 199,920
    APPLE INC 67,218 217,712
    BILLITON LIMITED 101,304 162,708
    CHEVRON CORP 66,501 106,147
    CISCO SYSTEMS 62,600 155,980
    CME GROUP INC 95,399 329,987
    COCA-COLA COMPANY 46,431 81,472
    ECOLAB 63,027 118,464
    EXXON MOBIL CORP 70,012 87,665
    FREEPORT MCMORAN 98,602 92,880
    HARTE HANKS STOCK 23,116,174 673,741
    HONEYWELL INTL 99,172 113,483
    IDEXX LABORATORIES INC 93,667 688,325
    INTEL CORP 41,302 110,101
    JOHNSON & JOHNSON 62,293 146,244
    MCDONALDS CORP 36,978 103,830
    MEDTRONIC PLC 75,668 97,390
    MERCK & COMPANY INC 35,967 83,850
    METTLER-TOLEDO INTERNATIONAL INC 86,360 588,000
    MICROSOFT CORP 62,790 348,296
    ORACLE CORP 89,720 142,425
    PEPSICO INC 42,705 85,234
    QUALCOMM INC 99,723 144,533
    RIO TINTO 100,552 162,084
    SOCIEDAD QUIMICA 56,930 62,220
    SOUTHER COPPER CORP 101,984 124,320
    TECK RESOURCES LTD 98,541 106,076
    TOTAL SA 98,471 111,580
    VARIAN MED SYS INC 35,440 136,130
    VISA INC 182,404 485,940
    WABTEC 99,893 186,576
    WAL-MART STORES INC 31,210 66,294
    YARA INTERNATIONAL 99,476 126,308

    TY 2018 InvestmentsOtherSchedule2
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN INTERNATIONAL FUND AT COST 724,061 1,323,936
    DODGE & COX STOCK FUND AT COST 114,917 257,245
    VANGUARD DEVELOPED MARKETS INDEX AT COST 990,565 1,401,037
    VANGUARD EMERGING MARKETS STOCK INDEX AT COST 873,891 891,855
    VANGUARD FTSE EMERGING MARKET AT COST 549,910 540,131
    VANGUARD TOTAL BOND MKT. INDEX AT COST 3,510,944 3,710,801
    VANGUARD TOTAL STOCK MKT. AT COST 103,000 327,410
    VANGUARD INTL VALUE INVESTOR AT COST 1,250,000 1,179,517

    TY 2018 OtherAssetsSchedule
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PURCHASED INTEREST   866 866


    TY 2018 OtherExpensesSchedule
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE EXPENSE 4,967 1,242   3,725
    OFFICE EXPENSE 727 182   545
    PROFESSIONAL DUES 750 188   562
    INVESTMENT FEE 951 951   0


    TY 2018 OtherIncomeSchedule2
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 3,034 3,034 3,034


    TY 2018 ReductionExplanationStatement
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Explanation:
    AS OF JUNE 30, 2019, THE FOUNDATION OWNED 306,246 SHARES OF HARTE-HANKS, INC., WHICH REPRESENTS 4.9% OF THE OUTSTANDING SHARES OF THE COMPANY. NO SHARES WERE SOLD OR PURCHASED DURING THE YEAR.THE APPRAISAL FIRM OF GEORGE VALUATION ADVISORS APPRAISED THE BLOCKAGE DISCOUNT IN 2011. THEIR APPRAISAL CONCLUDED THAT A 12% BLOCKAGE DISCOUNT SHOULD BE USED. THERE HAVE BEEN NO SIGNIFICANT CHANGES SINCE THE DISCOUNT WAS CALCULATED, INCLUDING NO CHANGE IN OWNERSHIP.UNDER THE INTERNAL REVENUE CODE SECTION 4942, THE MAXIMUM BLOCKAGE DISCOUNT AVAILABLE FOR TAX PURPOSES IS 10%. THEREFORE, A 10% DISCOUNT WAS USED IN DETERMINING THE FAIR MARKET VALUE OF THE HARTE HANKS, INC. STOCK. THE AVERAGE DISCOUNT WAS $143,247.

    TY 2018 TaxesSchedule
    Name:
    SHELTON FAMILY FOUNDATION
    EIN:
    75-2655885
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 24,000 0   0
    PAYROLL TAXES 9,956 2,489   7,467
    FOREIGN TAXES 3,540 3,540   0