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 01-01-2018 , and ending 12-31-2018
Name of foundation
The Gerald and Susan Schwalbach Family
Foundation
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-4822291
B Telephone number (see instructions)

(800) 839-1754
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$5,041,520J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,599 2,599  
4 Dividends and interest from securities... 110,444 110,444  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 165,543
b Gross sales price for all assets on line 6a 1,627,920
7 Capital gain net income (from Part IV, line 2)... 165,543
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 519 519  
12 Total. Add lines 1 through 11........ 279,105 279,105  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 49,645 49,645    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,041 582    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30,786 1,596   29,190
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 86,472 51,823   29,190
25 Contributions, gifts, grants paid....... 250,000 250,000
26 Total expenses and disbursements. Add lines 24 and 25 336,472 51,823   279,190
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -57,367
b Net investment income (if negative, enter -0-) 227,282
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......... 384,974 347,904 347,904
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)....... 4,285,808 Click to see attachment4,280,194 4,680,959
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 50,654 Click to see attachment35,971 12,657
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,721,436 4,664,069 5,041,520
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..................    
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 4,721,436 4,664,069
30 Total net assets or fund balances (see instructions)..... 4,721,436 4,664,069
31 Total liabilities and net assets/fund balances (see instructions). 4,721,436 4,664,069
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
4,721,436
2
Enter amount from Part I, line 27a .....................
2
-57,367
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,664,069
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,664,069
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 Passthrough K1 Capital Gain/(Loss)      
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 1,627,920   1,451,481 176,439
b       -10,896
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       176,439
b        
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 2 165,543
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 30,462 5,330,818 0.005714
2016 149,240 4,741,031 0.031478
2015 86,832 4,922,328 0.01764
2014 112,075 4,982,459 0.022494
2013 451,814 4,699,725 0.096136
2
Total of line 1, column (d) .....................
2
0.173462
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
0.034692
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
5,619,320
5
Multiply line 4 by line 3......................
5
194,945
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,273
7
Add lines 5 and 6........................
7
197,218
8
Enter qualifying distributions from Part XII, line 4,.............
8
279,190
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 2,273
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 2,273
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 2,273
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,671
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,224
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,895
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,622
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,622 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
 
 
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)
    bulletAZ, OR
    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 addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
     
    ........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
     
     
    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
    Brian A Schwalbach Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Mari Angela M Schwalbach Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Nathan P Schwalbach Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Winsome Y Schwalbach Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
     
    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
     
    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
    5,352,185
    b
    Average of monthly cash balances.......................
    1b
    340,900
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,808
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,704,893
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,704,893
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    85,573
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,619,320
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    280,966
    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
    280,966
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,273
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,273
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    278,693
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    278,693
    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
    278,693
    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
    279,190
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    279,190
    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
    2,273
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    276,917
    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 7 278,693
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 260,453
    b Total for prior years:2016, 2015, 2014  
    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........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 279,190
    a Applied to 2017, but not more than line 2a 260,453
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 18,737
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		259,956
    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 ......     		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.... 0
    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).)
    NONE
    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
    AMERICAS VETDOGS THE VETERANS K9 CORPS INC
    371 E JERICHO TPKE
    SMITHTOWN,NY11787     		N/A PC General & Unrestricted 10,000
    CATHOLIC HOUSING SERVICES OF EASTERN WASHINGTON
    12 E 5TH AVE
    SPOKANE,WA99202     		N/A PC General & Unrestricted 20,000
    CORPORATION OF GONZAGA UNIVERSITY
    502 E BOONE AVE
    SPOKANE,WA99258     		N/A PC Center for Community Engagement (CCE) 10,000
    LEAD-UP INTERNATIONAL
    5009 NORMANDALE CT
    EDINA,MN55436     		N/A PC General & Unrestricted 15,000
    LITTLE BIT THERAPEUTIC RIDING CENTER
    18675 NE 106TH ST
    REDMOND,WA98052     		N/A PC General & Unrestricted 10,000
    MAKE SOME NOISE CURE KIDS CANCER NORTHWEST
    PO BOX 11422
    BAINBRIDGE IS,WA98110     		N/A PC General & Unrestricted 20,000
    MARCH FOR LIFE EDUCATION AND DEFENSE FUND
    1012 14TH ST NW STE 300
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 10,000
    NATIONAL PARK FOUNDATION
    1110 VERMONT AVE NW STE 200
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 10,000
    NOKOTA HORSE CONSERVANCY INC
    208 NW 1ST ST
    LINTON,ND58552     		N/A PC General & Unrestricted 5,000
    OPAL CREEK ANCIENT FOREST CENTER
    PO BOX 318
    MILL CITY,OR97360     		N/A PC Staff Cabins Fund 10,000
    OREGON EPISCOPAL SCHOOL
    6300 SW NICOL RD
    PORTLAND,OR97223     		N/A PC Capital Campaign - OES Gym Reconstruction Project 100,000
    PREGNANCY RESOURCE SERVICES OF KITSAP COUNTY
    PO BOX 2917
    SILVERDALE,WA98383     		N/A PC General & Unrestricted 5,000
    ST ANDREW NATIVITY SCHOOL
    4925 NE 9TH AVE
    PORTLAND,OR97211     		N/A PC General & Unrestricted 5,000
    SWEDISH MEDICAL CENTER FOUNDATION
    747 BROADWAY
    SEATTLE,WA98122     		N/A PC General & Unrestricted 10,000
    YOUNG AMERICA'S FOUNDATION
    11480 COMMERCE PARK DR STE 600
    RESTON,VA20191     		N/A PC General & Unrestricted 10,000
    Total .................................bullet 3a 250,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,599  
    4 Dividends and interest from securities....     14 110,444  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 165,543  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		    14 519  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   279,105  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    279,105
    (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

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    The Gerald and Susan Schwalbach Family
     
    Foundation
    EIN:
    20-4822291
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Gerald and Susan Schwalbach Family
     
    Foundation
    EIN:
    20-4822291
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD 1,675 1,426
    ABBOTT LABS 2,149 2,893
    ACADIA HEALTHCARE CO INC 1,025 771
    ACTIVISION BLIZZARD INC 4,151 3,819
    ADVANCE AUTO PARTS INC 1,236 1,732
    ADVANCED MICRO DEVICES INC 652 665
    AGILENT TECHNOLOGIES INC 2,362 2,361
    AIA GROUP LTD ADR 1,842 3,978
    AIR PRODS & CHEM INC 7,877 7,362
    ALEXANDRIA REAL ESTATE EQUITIE 3,139 2,996
    ALEXION PHARMACEUTICALS, INC 951 779
    ALIBABA GROUP HOLDING LTD 36,056 50,716
    ALLERGAN PLC 3,597 2,540
    ALPHABET INC CL A 16,735 25,079
    ALPHABET INC CL C 1,137 3,107
    AMAZON COM 9,126 22,530
    AMER INTERNATIONAL GROUP INC 2,520 1,971
    AMERICAN TOWER REIT INC 2,042 3,955
    AMERICAN WATER WORKS COMPANY I 2,042 2,269
    ANALOG DEVICES INC 3,758 4,892
    ANGLO AM PLC ADR 2,220 2,053
    APERGY INC. 690 487
    APPLE INC 34,598 84,075
    APPLIED MATERIALS INC 1,544 2,128
    APTIV PLC 6,891 4,987
    AQR EQUITY MARKET NEUTRAL FUND 21,438 19,748
    AQR MANAGED FUTURES FUND CL I 34,040 28,412
    AQR MANAGED FUTURES STRATEGY F 15,413 12,501
    ARCH CAPITAL GROUP LTD 1,729 1,523
    ASG MNGD FUTURES STGY FD CLASS 8,653 7,904
    ASSOCIATED BRITISH FOODS PLC 2,794 1,887
    ATMOS ENERGY CORP 1,077 1,298
    AVALONBAY CMNTYS INC 2,885 2,785
    AXA ADS 2,056 1,455
    BAIDU.COM - ADR 1,044 952
    BALL CP 2,673 3,173
    BANK OF GEORGIA GROUP PLC 1,133 824
    BARCLAYS PLC ADR 4,704 3,129
    BAXTER INTERNATIONAL INC 1,167 1,975
    BERKSHIRE HATHAWAY INC. CLASS 3,106 3,063
    BIOMARIN PHARMACEUTICAL INC 896 766
    BLACKROCK MSCI WORLD INDEX FUN 93,236 77,048
    BLACKROCK STRATEGIC INCOME OPP 11,145 10,763
    BLACKSTONE ALTERNATIVE INV FDS 21,394 21,964
    BNP PARIBAS SPONS ADR 2,154 1,375
    BOEING CO 2,317 2,258
    BOSTON PPTYS INC 2,994 2,701
    BOSTON SCIENTIFIC 5,344 7,704
    BRISTOL-MYERS SQUIBB CO 2,650 2,339
    BUNGE LTD 1,789 1,336
    BURLINGTON STORES, INC 884 1,139
    C H ROBINSON WORLDWIDE INC 1,583 1,514
    CAMDEN PPTY TR 2,132 2,113
    CAPITAL PRIVATE CLIENT SVCS FD 30,905 33,238
    CBOE HOLDINGS INC 1,283 1,174
    CELANESE CORPORATION 1,877 2,339
    CELGENE CORP 9,136 5,319
    CHARLES SCHWAB CORP 2,022 3,115
    CHARLES SCHWAB INTRNTNL EQ 4,974 4,479
    CHECK POINT SOFTWARE TECHNOLOG 1,523 1,334
    CHENIERE ENERGY INC 2,151 1,953
    CHEVRON CORP 4,127 3,808
    CINTAS CRP 6,774 6,888
    CISCO SYSTEMS INC 2,542 4,333
    CITIGROUP INC 3,745 3,905
    CITIZENS FINANCIAL GROUP, INC 2,181 1,843
    CMS ENERGY CP 2,600 2,731
    COCA COLA EUROPEAN PARTNERS PL 1,737 1,926
    COLUMBIA SMALL CAP VALUE FUND 23,500 19,996
    COMCAST CORP 1,893 2,384
    COMERICA INC 2,134 1,786
    CONAGRA FOODS INC 1,296 769
    CONCHO RESOURCES INC 2,407 1,850
    CONSTELLATION BRANDS INC 2,775 3,216
    COOPER COMPANIES INC 2,994 3,054
    COSTCO WHOLESALE CORPORATION 1,724 3,056
    CREDIT SUISSE GROUP ADR 1,932 1,368
    CUSHMAN & WAKEFIELD PLC 1,431 1,201
    DEUTSCHE POST AG 2,434 1,694
    DEUTSCHE WOHNEN SE UNSPON ADR 2,144 2,251
    DFA COMMODITY STRATEGY PORTFOL 52,060 34,457
    DFA EMERGING MARKETS CORE EQ P 49,318 50,067
    DFA FIVE YEAR GLOBAL FIXED INC 71,520 67,774
    DFA GLOBAL REAL ESTATE SECURIT 68,240 69,330
    DFA INTERNATIONAL CORE EQUITY 114,861 109,383
    DFA INVESTMENT GRADE PORTFOLIO 116,519 112,227
    DFA REAL ESTATE SECURITIES POR 29,444 33,728
    DFA U.S. LARGE CAP VALUE PORTF 60,792 66,081
    DFA U.S. SMALL CAP PORTFOLIO 87,660 85,991
    DIAGEO PLC ADS 25,737 59,698
    DIAMONDBACK ENERGY INC 1,932 1,483
    DNB NOR ASA SPONSOR ADR 1,595 1,567
    DODGE & COX FUNDS INTERNATIONA 77,766 73,690
    DODGE & COX INCOME FUND 12,088 11,952
    DODGE & COX STOCK 43,240 42,399
    DOLLAR GENERAL CORP 1,709 1,729
    DON QUIJOTE CO LTD 1,282 3,693
    DOUBLELINE TOTAL RETURN BOND 23,307 23,352
    DUNKIN' BRANDS GROUP INC 1,235 1,282
    E*TRADE FINANCIAL CORP 1,206 1,448
    EATON VANCE FLT RT & HIGH INC 44,000 41,608
    EATON VANCE GLBL MCRO ABS RET 20,505 19,895
    EATON VANCE GLOBAL MACRO FD CL 22,872 21,363
    EATON VANCE PARMETRIC STRUCTUR 16,174 14,495
    EBARA CORPORATION 2,932 2,119
    ECOLAB INC 3,680 5,157
    EDWARDS LIFESCIENCES 3,816 5,055
    ELI LILLY & CO 1,950 2,893
    EN REAL ESTATE SECURITIES FUND 14,931 13,015
    EOG RESOURCES INC 2,246 2,180
    EQUIFAX INC 1,537 1,397
    EQUITY LIFESTYLE PRP 1,820 2,137
    ESSEX PRTY TR INC 1,946 1,962
    EVEREST RE GROUP LTD 1,132 1,089
    EVERGY, INC. 2,390 2,441
    EXPEDIA INC 962 901
    FACEBOOK INC 1,916 2,622
    FANUC LIMITED UNSPONSORED 1,054 949
    FERGUSON PLC ADR 2,437 2,395
    FERRARI NV 3,781 3,480
    FIDELITY 500 INDEX FUND 476,713 445,056
    FIDELITY INTERNATL INDEX INSTL 142,008 119,353
    FIDELITY NATIONAL INFORMATION 9,372 10,870
    FIRST DATA CORP 7,451 7,339
    FIRST REPUBLIC BANK 2,853 2,694
    FIRST TRUST DORSEY WRIGHT FOCU 48,880 50,500
    FLEETCOR TECHNOLGIES INC 4,012 4,829
    FLOWSERVE CP 1,820 1,293
    FORTIVE CORPORATION 926 1,692
    FREEPORT-MCMORAN COPPER & GOLD 1,026 763
    GALP ENERGIA 1,210 1,148
    GILEAD SCIENCES INC 2,243 1,564
    GLAXOSMITHKLINE PLC 4,581 4,280
    GODADDY INC 1,266 1,181
    GOLDMAN SACHS GROUP 1,631 1,671
    GRACE (W.R.) CO 2,207 2,012
    HALLIBURTON COMPANY 2,692 1,329
    HANOVER INS GROUP 700 701
    HARTFORD FINANCIALSERVICES GRO 3,931 3,245
    HEALTH CARE PPTY INVS INC 1,366 1,285
    HELLA KGAA HUECK & CO EUR 2,027 1,838
    HOME DEPOT INC 9,252 13,574
    HONEYWELL INTL 2,692 2,642
    HUDSON PACIFIC PROPERTIES INC 1,125 988
    HUNT J B 1,210 1,396
    INFINEON TECH ADS 1,794 1,679
    INFORMA PLC SPONSORED ADR 1,308 919
    INTEL CORP 30,383 58,663
    INTERCONTINENTAL EXCHANGE, INC 7,470 10,697
    INVESCO S&P 500 EQUAL WEIGHT E 8,496 11,882
    INVINCIBLE INVT CORP REIT JPY 2,844 2,448
    ISHARES BROAD USD INV GRD CORP 67,503 63,540
    ISHARES CURRENCY HEDGED MSCI E 26,149 23,229
    ISHARES MSCI CANADA INDEX FD 23,051 20,174
    ISHARES MSCI EMERGING MARKETS 36,711 35,154
    ISHARES MSCI-JAPAN 23,826 20,935
    ISHARES RUSSELL 2000 24,795 40,170
    ISHARES S&P U.S. PREFERRED STO 11,567 10,269
    ISHARES TRUST MSCI EAFE INDEX 87,699 82,292
    ISHARES TRUST RUSSELL MIDCAP I 57,538 69,720
    ITT INC 2,804 2,703
    JACOBS ENGINEERING GP 1,929 1,929
    JAPAN AIRLINES 1,569 1,786
    JAPAN TOBACCO INC 3,160 2,340
    JETBLUE AIRWAYS CORP 2,463 1,943
    JOHN HANCOCK FUNDAMENTAL LARGE 11,615 11,802
    JP MORGAN CHASE 1,368 2,441
    JUNIPER NETWORKS 891 942
    L'OREAL ADR 3,435 3,333
    L3 TECHNOLOGIES, INC 3,212 3,300
    LABORATORY CORP AMER HLDGS 2,666 2,401
    LEG IMMOBILIEN AG EUR 2,108 2,398
    LENNAR CORP 1,257 744
    LIBERTY BROADBAND CORPORATION 1,856 1,657
    LINCOLN NATIONAL CORP 2,646 1,796
    LIVE NATION INC COM 1,503 1,478
    LKQ CORPORATION 2,581 1,827
    M&T BANK CORP 3,527 3,006
    MACROMILL INC NEW 2,462 1,290
    MAN WAH HOLDINGS LTD HKD 1,048 820
    MARATHON PETROLEUM CORP 1,932 1,711
    MARKEL CORP 1,189 1,038
    MARTIN MARIETTA MATLS INC 3,114 2,578
    MARVELL TECHNOLOGY GROUP LTD 2,962 2,493
    MASTERCARD INC 2,915 2,830
    MCCORMICK & CO 1,414 1,810
    MEDTRONIC PLC 8,253 8,914
    MERCADOLIBRE, INC 3,906 4,393
    MERCK & CO INC 2,774 3,821
    MFS INTERNATIONAL GROWTH FUN C 39,103 41,798
    MICROSOFT CORP 19,967 34,432
    MITSUBISHI UFJ FINANCIAL GROUP 2,743 1,963
    MONDELEZ INTERNATIONAL INC 1,515 1,801
    MOTOROLA SOLUTIONS INC 7,537 6,902
    NETFLIX INC 2,930 4,015
    NEUBERGER BERMAN MULTI CAP OPP 8,859 13,410
    NEWMONT MINING CORP 899 970
    NINTENDO CO LTD ADR UNSPON 5,686 3,674
    NOMAD FOODS LIMITED 1,273 1,037
    NORTHERN TRUST CORPORATION 2,863 2,257
    NORTHROP GRUMMAN CORP 3,006 2,449
    NOVARTIS AG ADR 3,544 4,720
    NVIDIA CORP 30,239 20,025
    NXP SEMICONDUCTORS 1,057 953
    OAKMARK INTERNATIONAL FUND 30,057 26,451
    OCCIDENTAL PETROLEUM CORP 1,818 1,228
    OLD DOMINION FREIGHT LINES 1,039 1,111
    PARNASSUS EQUITY INCOME FUND I 9,035 14,410
    PAYPAL HOLDINGS, INC 4,517 6,307
    PHILIP MORRIS INTL 2,104 1,669
    PIMCO HIGH-YIELD INSTL 26,675 23,352
    PIMCO INCOME FUND 109,265 106,073
    PIMCO SHORT TERM FD INSTITUTIO 11,834 11,696
    PIMCO TOTAL RETURN FUND 75,618 68,124
    PINNACLE WEST CAPITAL CORP 2,179 2,215
    PNC FINANCIAL GROUP INC 3,179 2,338
    PRIMECAP ODYSSEY AGGRESSIVE GR 10,000 7,775
    PRINCIPAL PREFERRED SECURITIES 14,020 12,592
    PROLOGIS 1,298 1,174
    PRUDENTIAL PLC SC 3,098 2,511
    PTC INC 815 829
    PUBLIC SVC ENTERPRISE GROUP IN 2,891 3,071
    PVH CORP 4,509 2,881
    RAYMOND JAMES FINANCIAL INC 7,118 6,622
    RECRUIT HOLDING CO LTD JPY 1,054 2,468
    RED HAT, INC 355 527
    REINSURANCE GROUP AMER INC 1,239 1,262
    RELX PLC 1,210 1,560
    RESTAURANT BRANDS INTL 1,601 1,464
    ROCHE HOLDING LTD ADR 3,747 4,165
    ROYAL BANK SCOTLAND ADS 1,626 1,560
    ROYAL CARRIBEAN CRUISE 5,116 4,987
    ROYAL DUTCH SHEL PLC SPONS ADR 5,135 5,035
    RYANAIR HOLDINGS PLC-ADR COM 2,057 1,355
    RYMAN HOSPITALITY PROPERTIES 1,082 934
    S&P GLOBAL INC COM 4,311 5,948
    SALESFORCE.COM 5,122 8,492
    SALIENT MLP & ENERGY INFRASTRU 36,020 24,255
    SAP AKTIENGESELL ADS 2,598 2,887
    SBA COMMUNICATIONS CORP 5,181 6,314
    SCHWAB U.S. LARGE-CAP GROWTH 55,476 90,092
    SCHWAB U.S. SMALL-CA 17,615 18,204
    SCHWAB US MID CAP 31,967 44,958
    SEMPRA ENERGY COM 2,676 2,597
    SEVEN & I HOLDINGS C 2,507 2,558
    SHERWIN-WILLIAMS CO 6,254 8,263
    SIGNATURE BANK 3,275 2,570
    SITE CENTERS CORP 1,140 908
    SOFTBANK CP UNSP ADR 1,539 1,467
    SONY CORP ADR 3,053 3,959
    SPDR S&P 500 ETF TRUST 67,632 149,951
    STANLEY BLACK & DECKER INC 3,837 3,472
    STARBUCKS CORP COM 2,979 3,220
    STARWOOD PROPERTY TRUST INC 1,100 1,005
    STONE RIDGE REINSURANCE RISK P 80,040 66,652
    SUNTORY BEVERAGE & FOOD LTD AD 1,706 1,964
    SUNTRUST BKS INC 2,733 2,472
    SUZUKI MOTOR CORP UNSP ADR 3,295 3,062
    SYMANTEC CORP 576 548
    T. ROWE PRICE GROWTH STOCK FUN 22,952 39,898
    T. ROWE PRICE NEW HORIZONS FUN 15,500 20,960
    TAPESTRY INC 1,680 1,249
    TARGA RESOURCES CORP 1,461 973
    TECHNOPRO HLDGS INC JPY 3,139 4,182
    TELEFLEX INC 1,320 1,292
    TENCENT HOLDINGS LIMITED 2,245 4,263
    THALES SPONS ORD 2,828 2,494
    THE COCA-COLA CO 2,973 2,841
    TJX COMPANIES INC 2,418 3,579
    TOPCON CORP 1,075 1,357
    TORCHMARK CORP 1,699 1,416
    TOTAL FINA ELF S.A 3,046 3,079
    TOTAL SYSTEMS SERVICES INC 5,017 6,015
    TOUCHSTONE MID CAP CLASS C 80,327 106,991
    UNILEVER N V N Y 4,594 4,465
    UNION PACIFIC 9,697 10,229
    UNITED PARCEL SERVICE 33,049 36,574
    UNITED TECHNOLOGIES CORP 390 319
    UNITEDHEALTH GROUP INC 27,712 214,740
    VANGUARD FTSE DEVELOPED MARKET 20,870 22,260
    VANGUARD FTSE EMERGING MARKETS 11,240 11,430
    VANGUARD SHORT-TERM CORPORATE 125,003 121,534
    VANGUARD ST BOND ETF 23,191 23,335
    VANGUARD TOT INTL BOND IX ADMI 52,412 52,203
    VANGUARD TOTAL BOND MARKET IND 114,300 111,512
    VENTAS INC 2,783 2,812
    VERIZON COMMUNICATIONS 2,837 3,373
    VIAVI SOLUTIONS INC 1,844 1,930
    VISA INC 7,385 16,361
    VIVENDI SA 2,212 2,270
    VODAFONE GROUP PLC 2,516 1,350
    VOLKSWAGEN AG ADR 2,341 2,358
    VULCAN MATERIALS CO 5,575 4,347
    WALT DISNEY HOLDINGS CO 32,337 31,250
    WASTE CONNECTIONS 7,538 10,841
    WEC ENERGY GROUP, INC 2,577 3,117
    WESTERN ASSET MACRO OPPORTUNIT 22,766 21,132
    WEYERHAEUSER CO 32,791 29,533
    WILLIAMS COS 1,129 1,125
    WILLIS TOWERS WATSON PUBLIC LT 2,037 1,974
    WOLTERS KLUWER S/ADR 2,228 4,812
    WPX ENERGY INC 1,094 783
    XCEL ENERGY INC 3,064 3,301
    XPO LOGISTICS INC 1,383 1,084
    YOKOGAWA ELECTRIC UNSP ADR 1,411 1,352
    ZIMMER BIOMET HOLDINGS 2,510 2,282
    ZURICH INS GROU ADR 3,389 3,160

    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Gerald and Susan Schwalbach Family
     
    Foundation
    EIN:
    20-4822291
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALPHAKEYS DISTRESSED OPPORTUNI   34,632 11,808
    LAZARD LTD   1,339 849

    TY 2018 OtherExpensesSchedule
    Name:
    The Gerald and Susan Schwalbach Family
     
    Foundation
    EIN:
    20-4822291
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 28,558     28,558
    Bank Charges 501 501    
    K-1 Exp ALPHAKEYS DISTRESSED O 1,095 1,095    
    State or Local Filing Fees 632     632


    TY 2018 OtherIncomeSchedule2
    Name:
    The Gerald and Susan Schwalbach Family
     
    Foundation
    EIN:
    20-4822291
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss ALPHAKEYS DISTRESSED OPPORTUNITIES FU 469 469  
    K-1 Inc/Loss LAZARD LTD 50 50  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Gerald and Susan Schwalbach Family
     
    Foundation
    EIN:
    20-4822291
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 49,645 49,645    


    TY 2018 TaxesSchedule
    Name:
    The Gerald and Susan Schwalbach Family
     
    Foundation
    EIN:
    20-4822291
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 3,400      
    990-PF Extension for 2017 2,059      
    Foreign Tax Paid 582 582