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
SUMMER REST FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 6527
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27628
A Employer identification number

56-6534008
B Telephone number (see instructions)

(910) 256-0936
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$8,062,632J 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) 163,519
2 Check bullet.............
3 Interest on savings and temporary cash investments 22,786 22,786  
4 Dividends and interest from securities... 101,486 100,939  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 526,400
b Gross sales price for all assets on line 6a 2,967,496
7 Capital gain net income (from Part IV, line 2)... 526,400
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 317 317  
12 Total. Add lines 1 through 11........ 814,508 650,442  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,150 2,075   2,075
c Other professional fees (attach schedule)....        
17 Interest............... 658 658   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,404 2,926   0
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 61,631 42,020   1
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 80,843 47,679   2,076
25 Contributions, gifts, grants paid....... 408,300 408,300
26 Total expenses and disbursements. Add lines 24 and 25 489,143 47,679   410,376
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 325,365
b Net investment income (if negative, enter -0-) 602,763
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............. 752,918 229,901 229,901
2 Savings and temporary cash investments.........      
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)....... 6,757,444 Click to see attachment7,435,916 7,832,731
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)..........      
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) 7,510,362 7,665,817 8,062,632
Liabilities 17 Accounts payable and accrued expenses.......... 290,508 172,037
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)......... 290,508 172,037
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.................. 7,219,854 7,493,780
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)..... 7,219,854 7,493,780
31 Total liabilities and net assets/fund balances (see instructions). 7,510,362 7,665,817
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
7,219,854
2
Enter amount from Part I, line 27a .....................
2
325,365
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,545,219
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
51,439
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
7,493,780
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 MERRILL LYNCH #02145 P 2016-09-29 2018-03-22
b MERRILL LYNCH #02145 P 2011-03-09 2018-10-05
c MERRILL LYNCH #02432 P 2018-12-10 2018-12-18
d MERRILL LYNCH #02432 P 2016-01-01 2018-05-21
e MERRILL LYNCH #02596 P 2018-02-26 2018-10-18
MERRILL LYNCH #02596 P 2018-07-02 2018-07-02
MERRILL LYNCH #02596 P 2017-01-27 2018-02-26
MERRILL LYNCH #02596 P 2018-11-20 2018-12-05
MERRILL LYNCH #02675 P 2018-05-31 2018-11-23
MERRILL LYNCH #02675 P 2017-03-31 2018-11-20
CAPITAL GAINS FROM PARTNERSHIPS P 2017-01-01 2018-06-30
DCP MIDSTREAM P 2017-01-01 2018-06-30
ENERGY TRANSFER P 2017-01-01 2018-06-30
CAPITAL GAINS DIVIDENDS P    
(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 852,031   616,792 235,239
b 20,152   67,406 -47,254
c 15   15 0
d 632,035   431,929 200,106
e 503,080   488,531 14,549
152   152 0
635,722   521,388 114,334
70     70
19,955   20,074 -119
281,151   276,997 4,154
    6,665 -6,665
7,999   3,479 4,520
7,878   7,668 210
7,256     7,256
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       235,239
b       -47,254
c       0
d       200,106
e       14,549
      0
      114,334
      70
      -119
      4,154
      -6,665
      4,520
      210
      7,256
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 2 526,400
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 390,307 7,748,962 0.050369
2016 339,048 7,039,084 0.048166
2015 368,423 7,485,673 0.049217
2014 369,468 7,457,060 0.049546
2013 360,622 7,042,972 0.051203
2
Total of line 1, column (d) .....................
2
0.248501
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
0.049700
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
8,194,211
5
Multiply line 4 by line 3......................
5
407,252
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,028
7
Add lines 5 and 6........................
7
413,280
8
Enter qualifying distributions from Part XII, line 4,.............
8
410,376
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 12,055
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 12,055
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 12,055
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 9,732
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,732
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 27
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 350
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   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$ 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)
    bulletNC
    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 ofbulletSUE TURNER Telephone no.bullet (910) 256-0936

    Located atbullet415 SUMMER REST ROADWILMINGTONNC ZIP+4bullet28405
    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
    SUE M TURNER TRUSTEE
    0.50     		0 0 0
    415 SUMMER REST ROAD
    WILMINGTON,NC28405
    JAY G LOFTIN JR TRUSTEE
    0.50     		0 0 0
    1610 BUSH STREET
    RALEIGH,NC27609
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 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
    7,842,749
    b
    Average of monthly cash balances.......................
    1b
    476,247
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,318,996
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    8,318,996
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    124,785
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,194,211
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    409,711
    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
    409,711
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    12,055
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,055
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    397,656
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    397,656
    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
    397,656
    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
    410,376
    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
    410,376
    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
    410,376
    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 7 397,656
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 4,135
    b From 2014...... 10,517
    c From 2015......  
    d From 2016......  
    e From 2017...... 12,067
    fTotal of lines 3a through e........ 26,719
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 410,376
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 397,656
    e Remaining amount distributed out of corpus 12,720
    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 39,439
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		4,135
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		35,304
    10 Analysis of line 9:
    a Excess from 2014.... 10,517
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 12,067
    e Excess from 2018.... 12,720
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BAND TOGETHER NC
    PO BOX 6445
    RALEIGH,NC27628     		NONE PC GENERAL SUPPORT 5,000
    CAMP OAK HILL
    1528 OAK HILL ROAD
    OXFORD,NC27565     		NONE PC GENERAL SUPPORT 27,800
    UNC GREENSBORO
    PO BOX 26170
    GREENSBORO,NC27402     		NONE EDUCATIONAL SCHOLARSHIP 5,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    6511 CREEDMOOR ROAD SUITE 206
    RALEIGH,NC27613     		NONE PC GENERAL SUPPORT 22,000
    FORK UNION MILITARY ACADEMY
    4744 JAMES MADISON HIGHWAY
    FORK UNION,VA23055     		NONE PC SCHOLARSHIP 40,000
    HEART AND HANDS FOR HAITI
    2013 MIDWOOD DRIVE
    RALEIGH,NC27607     		NONE PC GENERAL SUPPORT 5,000
    NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION
    2131 S 17TH STREET
    WILMINGTON,NC28401     		NONE PUBLIC HEALTHCARE 10,000
    PORT CITY COMMUNITY CHURCH
    250 VISION DRIVE
    WILMINGTON,NC28403     		NONE PC GENERAL SUPPORT 110,000
    SPORTWORKS MINISTRY INC
    P O BOX 8031
    GREENVILLE,NC27835     		NONE PC GENERAL SUPPORT 11,000
    THE SHEPHERD FOUNDATION
    PO BOX 50
    KENSINGTON,MD20895     		NONE PC GENERAL SUPPORT 2,500
    WAKE FOREST UNIVERSITY
    499 DEACON BOULEVARD
    WINSTONSALEM,NC27105     		NONE PC SCHOLARSHIP 150,000
    WRIGHTSVILLE UNITED METHODIST CHURCH
    4 LIVE OAK DRIVE
    WRIGHTSVILLE BEACH,NC28480     		NONE PC CHARITABLE 20,000
    Total .................................bullet 3a 408,300
    bApproved for future payment
    Total .................................bullet 3b 0
    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 22,786  
    4 Dividends and interest from securities....     14 101,486  
    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.....     14 317  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 526,400  
    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).. 0 650,989 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    650,989
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    SUMMER REST FOUNDATION
     
    Employer identification number

    56-6534008
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    SUMMER REST FOUNDATION
          		Employer identification number
    56-6534008
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    TODD TURNER
     
    2 SHORE DRIVE
     
    WILMINGTON, NC28480

    		$ 61,214


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    TISHA TURNER
     
    323 W JONES STREET SUITE 1275
     
    RALEIGH, NC27603

    		$ 63,673


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    GEORGE TURNER
     
    415 SUMMER REST ROAD
     
    WILMINGTON, NC28405

    		$ 38,632


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    SUMMER REST FOUNDATION
          		Employer identification number

    56-6534008
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 3000 SHS OF CTL, 48 SHARES BOA $ 61,214 2018-11-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 400 SHS OF VISA, 425 SHARES OF CTL $ 63,673 2018-11-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 1837 SHS CTL STOCK $ 38,632 2018-10-23
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    SUMMER REST FOUNDATION
          		Employer identification number

    56-6534008
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,150 2,075   2,075

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1ST CTZENS BNCSHS INC A 2,311 2,262
    A H BELO CORP CL A 631 344
    ABBOTT LABORATORIES 9,938 9,913
    ACADIA REALTY TRUST REIT 964 832
    ACCENTURE PLC SHS 9,050 11,704
    ACCO BRANDS CORP 1,297 658
    ACE INA HOLDINGS 11,715 11,898
    ACORDIA THERAPEUTICS 711 436
    ACS ACTIVIDADES CONS-UNS ADR 5,945 7,484
    ACTAVIS FUNDING SCS 10,032 9,863
    ADIDAS AG SPONSORED ADR 6,359 6,678
    AERCAP HOLDINGS NV SHS 10,251 8,712
    AIA GROUP LTD SPONSORED ADR 11,608 12,462
    AIRBUS SE 4,683 6,040
    AIR LEASE CORP GLB 03.250% MAR 01 2025 9,308 9,188
    ALIBABA GROUP HOLDING LT 6,120 4,797
    ALLERGAN PLC 17,918 13,366
    ALPHABET INC SHS CL A 34,472 51,781
    ALTEGRIS KKR COMMITMENTS MASTER FUND 750,000 887,577
    ALTRIA GROUP INC 11,296 11,242
    AMAZON COM INC 62,935 223,794
    AMERICAN EQUITY INVT LIFE HLDG 1,555 1,509
    AMERICAN HONDA FINANCE 9,564 9,634
    ANHEUSER-BUSCH INBEV ADR 9,761 6,055
    APOLLO COML REAL ESTATE FIN INC 1,045 966
    APOLLO INVESTMENT CORP 946 645
    APPLE INC 10,939 16,563
    ARCELORMITTAL SA NY REG 6,235 5,395
    ARTISAN PARTNERS ASSET MGMT INC CLASS A 1,780 1,327
    ASPEN TECHNOLOGY INC DEL 1,968 2,794
    ASSOCIATED BANC CRP .01 2,285 1,781
    AT&T INC 17,316 13,585
    AT&T INC 10,295 10,166
    ATENTO SA 4,857 2,017
    ATHENAHEALTH INC 2,712 3,034
    ATKORE INTL GROUP 1,874 1,627
    AVX CORP NEW 937 885
    AXA-SPONS ADR 7,528 6,545
    BADGER METER INCORP 478 541
    BAE SYS PLC SPN ADR 7,883 5,387
    BAIDU INC SPON ADR 8,243 6,344
    BALCHEM CORP COM 1,768 1,645
    BANCO SANTANDER SA ADR 10,330 6,702
    BANK OF AMERICA 172,838 353,535
    BAOZUN INC SHS CL A ADR 5,454 5,784
    BECTON DICKINSON CO 7,289 9,013
    BERKSHIRE HATHAWAY 9,198 8,979
    BLACKROCK INC 7,630 8,642
    BLACKSTONE CAPITAL HOLDINGS FUND 191,234 198,668
    BLACKSTONE REAL ESTATE 134,804 163,035
    BOSTON PROPERTIES 9,858 9,661
    BP CAPTIAL MARKETS PLC 9,909 9,804
    BRADY CORP WI 1,137 1,347
    BRITISH AMN TOBACO SPADR 22,482 11,470
    BROADCOM LTD 12,338 14,240
    BROOKFIELD ASSET MGMT INC 5,852 5,407
    BUCKLE INC 361 329
    C AND J ENERGY SVCS INC 1,005 432
    CAMBREX CORP COM 1,746 1,246
    CANADIAN NATURAL RES LTD 7,792 6,081
    CARDTRONICS LTD CL A 1,485 962
    CARLSBERG AS SPONSOREDAD 6,626 7,693
    CASA SYSTEMS INC REG SHS 1,114 735
    CASEYS GEN STORES 2,633 2,947
    CELGENE CORP GLB 11,641 11,717
    CENTRAL GRDEN & PET CO 2,572 2,347
    CENTURYLINK 125,633 110,019
    CHARLES SCHWAB CORP GLB 11,992 12,240
    CHEGG INC 1,463 2,785
    CHEVRON CORP 8,005 9,030
    CHUBB LTD 7,604 8,138
    CIGNA CORP REG SHS 5,788 5,508
    CISCO SYSTEMS INC 9,749 9,724
    CISCO SYSTEMS INC COM 8,086 11,006
    CISION LTD 463 339
    CITIGROUP INC 10,072 9,880
    CME GROUP INC 9,537 10,347
    COHERENT INC CAL TOTAL 694 423
    COLGATE PALMOLIVE 8,861 7,559
    COMCAST CORP COMPANY GUARNT GLB 10,150 10,024
    COMCAST CORP NC CL A 12,031 10,658
    COMPASS MINERALS INTL 668 417
    COMSCORE INC 1,069 635
    CONDUENT INC REG SUS 787 500
    CONSOLIDATED COMMUNICAT HLDGS 508 247
    COPART INC 1,651 2,723
    CORE-MARK HLDG CO INC 2,405 1,744
    CORNERSTONE ONDEMAND INC 2,676 3,127
    CORNING INC 28,856 30,210
    COTT CORPORATION 1,044 1,227
    CSW INDUSTRIALS INC SHS WHEN ISSUED 1,720 2,127
    CVS CAREMARK CORP 9,971 9,698
    CVS HEALTH CORP 17,262 15,004
    CYRUSONE INC 11,848 10,735
    DAIMLER AG ADR 8,222 5,428
    DANON-SPONS ADR 7,649 6,934
    DBS GROUP HOLDINGS 5,301 6,624
    DDR CORP 4,128 4,107
    DELTA APPAREL 541 517
    DELUXE CORPORATION 2,514 1,345
    DENNYS CORP 2,503 2,999
    DEUTSCHE BOERSE AG SHS 6,763 7,480
    DEUTSCHE POST AG SHS SP ADR 10,169 6,532
    DINE BRANDS GLOBAL INC 2,468 2,626
    DISCOVER FINANCIAL SVS GLB 11,831 11,917
    DISNEY (WALT) CO COM STK 8,819 9,101
    DJIA LIRN 668,000 611,220
    DNB ASA SP 7,164 6,714
    DOUGLAS DYNAMICS 1,340 1,400
    DOVER CORP 6,644 6,598
    DR PEPPER SNAPPLE GROUP 9,905 9,550
    DSP GROUP 425 437
    DUKE ENERGY CORP GLB 9,976 10,016
    E.ON SE ADR 5,759 7,294
    EAGLE MATERIALS INC 4,167 2,685
    ECOLAB INC 9,533 9,247
    ENERPLUS CORP SHS 3,974 2,406
    ENERSYS 1,695 1,785
    ENGIE SHS 5,811 6,902
    ENNIS INC 1,459 1,617
    ENVESTNET INC 1,455 1,820
    EQUINIX INC 6,402 5,994
    EROS INTL PLC SHS 8,147 5,936
    ESSILOR INTL SA ADR 6,720 7,390
    EXELON CORP SER GLB 11,818 11,844
    EXPERIAN PLC SP ADR 7,106 7,247
    EXXON MOBIL CORP COM 6,069 5,319
    FANUC LTD-UNSP 7,669 5,964
    FEDEX CORP 9,951 9,761
    FERRARI NV 7,813 6,364
    FERRO CORP 428 376
    FIDELITY NATL INFO SVCS INC 8,853 13,742
    FIRST HAWAIIAN INC SHS 1,505 1,238
    FISERV INC GLB 9,941 9,911
    FLUOR CORP NEW DEL COM 9,454 6,730
    FORESCOUT TECHNOLOGIES INC COM 811 806
    FORTINET INC 1,717 3,240
    FORUM ENERGY TECHNOLOGS INC COMMON STOCK 369 124
    FORWARD AIR CORP 1,198 1,042
    FOX FACTORY HLDG CORP 2,186 3,944
    FRANKLIN EL CO PV10CT INDIANA 2,469 2,487
    FRESENIUS MEDICAL CARE AG & CO SPON ADR 9,532 6,770
    GANNETT CO INC SHS 666 606
    GDS HLDGS LTD 4,904 8,705
    GENERAL DYNAMICS CORP 10,425 10,363
    GENL DYNAMICS CORP COM 7,377 5,817
    GENERAL MOTORS CO 9,425 9,020
    GENOMIC HEALTH INC 721 773
    GLASSBRIDGE ENTERPRISES 185 4
    GLAXOSMITHKLINE PLC ADR 7,905 7,871
    GLOBAL BRASS AND COPPER HOLDINGS INC SHS 1,848 1,459
    GOLAR LNG LIMITED 10,405 7,942
    GRIFFON CORP 614 366
    GRUBHUB INC SHS 1,388 2,919
    H AND E EQUIP SVCS INC 1,860 1,593
    HALLIBURTON COMPANY 10,109 9,992
    HANCOCK WHITNEY CORP 1,964 1,421
    HANGER INC 661 663
    HANOVER INS GROUP INC 984 1,051
    HARTFORD FINL SVCS GRP 9,589 9,434
    HAWAIIAN ELEC INDS INC 1,990 2,197
    HDFC BANK LTD 3,945 4,351
    HELEN OF TROY 1,156 1,574
    HERON THERAPEUTICS INC 873 830
    HILLENBRAND INC 1,357 1,365
    HOME DEPOT INC 9,876 9,802
    HONEYWELL INTL INC DEL 8,206 10,305
    HOSTESS BRANDS INC 929 842
    HSBC HLDG PLC SP ADR 6,322 6,701
    HUBSPOT INC 1,392 2,515
    HUDSON LTD CL A TOTAL 1,673 1,766
    IBERIABANK CORP COM 1,785 1,414
    ICON PLC 10,620 12,404
    IDACORP INC COM 1,051 1,117
    IDEX CORP DELAWARE COM 1,866 2,525
    IHS MARKIT LTD SHS 5,747 5,565
    INDUSTRIA DE DISENO TEXTIL INDITEX SA SH 14,289 11,096
    ING GP NV SPSD ADR 8,417 5,511
    INGERSOLL-RAND PLC 7,470 9,579
    INNOPHOS HLDGS INC 363 221
    INNOSPEC 2,918 2,717
    INNOVIVA INC SHS 663 890
    INPHI CORP 1,940 1,640
    INSULET CORP 2,193 3,490
    INTEGRA L HOLDINGS CORP NEW 2,486 2,481
    INTEL CORP 11,959 12,105
    INTERXION HOLDING NV 6,701 7,366
    INTESA SANPAOLO SPON ADR 14,446 11,541
    INTL CONSOLIDATED ADR 3,507 3,381
    J & J SNACK FOODS CRP 1,635 1,590
    JOHN DEERE CAPITAL CORP SER MTN 9,951 9,966
    JOHNSON AND JOHNSON COM 7,396 8,259
    JP MORGAN CHASE & CO 69,075 111,873
    JULIUS BAER GROUP 7,842 5,676
    KADANT INC 1,070 1,222
    KERING S A 3,123 4,442
    KEYCORP 9,460 9,334
    KINDER MORGAN ENER PART COMPANY GUARNT 11,952 11,893
    KNIGHT-SWIFT TRANSPORTATION HOLD CL A 7,913 6,268
    KOMATSU NEW NEW SPNSDADR 1,020 754
    KORN/FERRY INTL PV 748 712
    KORNIT DIGITAL LTD 6,386 6,852
    KUBOTA CORP ADR 7,921 6,904
    LIBERTY TAX INC 315 246
    LINDE PLC REG SHS 9,480 9,050
    LIONS GATE ENTERTAINMENT 2,891 1,648
    LIVE OAK BANCSHARES INC SHS 25,772 14,810
    LLOYDS BANKING GROUP PLC 8,551 6,602
    LOCKHEED MARTIN CORP 8,565 8,903
    LOCKHEED MARTIN CORP GLB 10,046 9,912
    LONDON STK EXCHANGE GROUP PLC SHS SPON 3,491 3,406
    LOWE'S COMPANIES INC 18,266 18,472
    LSC COMMUNICATIONS INC 495 154
    M T S SYSTEMS CORP 1,725 1,244
    MANULIFE FINANCIAL CORP 6,171 5,719
    MARATHON PETROLEUM CORP 9,790 9,730
    MARRIOTT INTERNATIONAL GLB 9,811 9,707
    MARSH & MCLENNAN COS INC 8,913 11,245
    MASONITE INTERNATIONAL CORPORATION 2,284 1,524
    MAXIMUS INC 502 521
    MEDIDATA SOLUTIONS INC 3,120 3,708
    MEDTRONIC INC COMPANY GUARNT GLB 9,931 9,961
    MEDTRONIC PLC SHS 8,416 9,824
    METLIFE INC COM 10,029 9,856
    MICROSOFT CORP 12,371 21,838
    MINDBODY INC SHS 1,929 2,512
    MONARCH DEBT RECOVERY 99,157 134,709
    MONDELEZ INTERNATIONAL GLB 11,864 12,015
    MONDELEZ INTERNATIONAL INC 15,431 15,091
    MONOLITHIC PWR SYSTEMS INC 2,122 2,790
    MONRO INC 2,641 3,163
    MRC GLOBAL INC 1,186 795
    MUELLER INDUSTRIES INC 4,238 2,827
    MURATA MANUFACTURING CO LTD SHS 7,545 6,902
    MUTUAL FUNDS 1,521,100 1,502,756
    NATIONAL VISION HLDGS INC 1,866 1,578
    NCR CORP NEW 963 715
    NEENAH PAPER INC 3,324 2,534
    NETGEAR INC 1,466 1,353
    NEW MEDIA INVT GROUP 796 648
    NEW MOUNTAIN FINANCE COR 960 868
    NEW RELIC INC 1,073 2,024
    NEWPARK RES INC 1,259 1,079
    NEXTERA ENERGY INC SHS 10,578 14,427
    NIDEC CORPORATION 3,273 3,001
    NINTENDO LTD ADR 12,594 9,599
    NLIGHT INC REG SHS 1,061 747
    NN INC DELAWARE 1,066 376
    NOAH HOLDINGS LTD ADR 4,122 3,682
    NOKIA CORP SPON ADR 6,583 6,565
    NOMAD FOODS LTD 1,558 2,157
    NORDEA BANK ABP SHS 7,620 5,957
    NORTHROP GRUMMAN CORP 12,475 12,579
    NOVANTA INC 1,577 2,079
    NOVARTIS ADR TOTAL 1,760 1,716
    NUCOR CORP 13,212 13,418
    NVENT ELEC PLC REG SHS TOTAL 263 270
    NVIDIA TOTAL 8,790 6,008
    NXP SEMICONDUCTORS N.V. TOTAL 6,002 5,862
    OIL STS INTL INC DEL COM 957 471
    OPEN TEXT CORP COM 9,955 9,487
    ORACLE CORP 10,113 9,980
    ORANGE ADR 7,177 7,464
    ORBOTECH LTD 751 961
    OSI SYSTEM INC 1,078 1,026
    OTSUKA HOLDINGS CO LTD 7,773 6,794
    PACIRA PHARMACEUTICALS 1,676 1,635
    PACKAGING CORP AMERICA 8,646 10,433
    PATTERSON UTI ENERGY INC 1,765 1,097
    PAYPAL HOLDINGS INC SHS 5,919 6,223
    PEBBLEBROOK HOTEL TRUST 1,210 1,104
    PENN VIRGINIA CORP 916 649
    PENUMBRA INC 1,742 2,200
    PEPSICO INC 10,420 11,158
    PFIZER INC 9,466 13,095
    PHILIP MORRIS INTL INC 19,493 13,218
    PHILIP MORRIS INTL INC GLB 9,684 9,717
    PHILLIPS 66 SHS 10,185 10,424
    PING AN INS GROUP CO CHINA 8,676 9,199
    PLURALSIGHT INC CL A 347 424
    POLYONE CORP COM 1,114 915
    PPL CAPITAL FUNDING 10,113 9,838
    PQ GROUP HLDGS INC 577 533
    PRESTIGE CONSUMER HEALTHCARE INC 1,534 1,173
    PROASSURANCE CORP 2,314 1,744
    PRUDENTIAL FINANCIAL INC SER MTN 11,904 12,066
    PRUDENTIAL PLC ADR 13,303 9,161
    QEP RESOURCES INC SHS 1,867 918
    QUAKER CHEMICAL CORP 453 533
    QUALYS INC COM 1,500 3,064
    QUANEX BUILDING PRODT CO 1,139 856
    REALTY INCM CRP MD PV$1. REIT 10,067 11,158
    REDFIN CORP COM 513 360
    RENAISSANCE ACCESS LLC 158,619 197,662
    RENASANT CORP 2,402 1,750
    REPSOL YPF S A SPND ADR 11,777 9,746
    REYNOLDS AMERICAN INC 9,501 9,108
    RIO TINTO PLC SPNSRD ADR 8,974 9,037
    ROCHE HLDG LTD 8,877 9,106
    ROYAL DSM N V SPON ADR 5,237 6,422
    ROYAL DUTCH SHELL PLC SPONS 9,356 9,615
    SALESFORCE COM INC 4,655 6,301
    SANTANDER HOLDINGS USA GLB 9,837 9,901
    SAP SE SHS 17,589 15,828
    SCHLUMBERGER LTD 10,150 5,520
    SCHWEITZER MAUDIT INTL 1,770 1,077
    SECOM CO LTD 6,661 7,523
    SENDGRID INC REG SHS 334 561
    SENSIENT TECHNOLOGY CORP 2,114 1,564
    SEVEN AND I HOLDINGS CO LTD 7,307 7,955
    SHUTTERSTK INC SHS 1,831 1,440
    SILGAN HLDGS INC COM 2,430 1,937
    SIMON PROPERTY GROUP 9,954 9,842
    SIMPSON MFG DEL PV 2,095 2,382
    SKYLINE CORP 224 132
    SMARTSHEET 291 323
    SMITH-NPHW PLC SPADR NEW 6,976 8,411
    SOFTBANK GROUP CORP 9,438 8,117
    SONY CORP ADR NEW 7,183 10,332
    SOUTH STATE CORP 585 420
    SOUTH STATE CORP SHS 1,178 839
    SPECTRUM BRANDS HOLDINGS INC REG 2,957 1,268
    STARBUCKS CORP 10,465 10,154
    STEVEN MADDEN LTD SHS 852 999
    STEWART INFO SVC CRP 1,712 1,615
    SUMITOMO MITSUI-UNSPONS ADR 7,729 6,445
    SUNOPTA INC 452 182
    SURGERY PARTNERS INC COM 1,902 1,057
    SVB FINL GROUP 9,928 7,217
    SX5E LIRN ISSUER RBC 100,000 97,500
    SX5E LIRN ISSUER WFC PART 149.05% SV 3,331.25 375,000 336,375
    SX5E MITTS ISSUER BARC PART 130.5% SV 3,521.76 408,400 352,800
    SYKES ENTERPRISES INC 1,206 1,039
    SYNEOS HEALTH INC 2,967 2,479
    TAKEDA PHARMACEUTICAL CO LTD SPON 9,261 6,795
    TAPESTRY INC 9,357 6,615
    TARGET CORP COM 7,712 7,006
    TATA MOTORS LTD ADR 27,226 12,180
    TENCENT HOLDINGS LTD ADR 11,389 9,591
    TENNANT CO 2,323 1,720
    TETRA TECHNOLOGIES INC 695 260
    TEXAS INSTRUMENTS 15,159 13,986
    THERMO FISHER SCIENTIFIC 4,820 5,595
    TORAY INDUSTRYS INC ADR 9,609 6,787
    TOTAL S.A. SP ADR 6,400 6,888
    TOWER SEMICONDUCTOR 13,868 8,800
    TOYOTA MOTOR CREDIT CORP 10,571 10,415
    TREEHOUSE FOODS INC COM STK 1,363 963
    TREX CO INC 2,480 4,511
    TRUPANION INC SHS 983 891
    UBISOFT ENTERTAINMENT UNSP ADR 4,674 3,606
    ULTRAPAR PARTICPAC SPADR 5,373 6,242
    UMB FINANCIAL CORP 3,655 2,927
    UNILEVER NV NY REG SHS 7,127 7,102
    UNION PACIFIC CORP 8,002 10,782
    UNITEDHEALTH GROUP INC 8,440 16,442
    UNITED PARCEL SERVICE 9,807 9,729
    US ECOLOGY INC 1,999 2,456
    USD GOLDCORP INC 10,157 9,970
    VARONIS SYSTEMS INC SHS 724 1,058
    VERIZON COMMUNICATIONS 10,604 10,671
    VERTEX PHARMCTLS INC 6,116 6,131
    VIAD CORP 1,220 1,252
    VIAVI SOLUTIONS INC 1,188 1,246
    VINCI SA ADR 8,725 8,122
    VISA INC CL A SHRS 21,449 52,776
    VOCERA COMMUNICATION INC 1,245 2,282
    WALMART INC GLB 11,989 12,085
    WAL-MART STORES INC 44,865 46,575
    WALT DISNEY COMPANY 9,874 9,712
    WASH R E INC TR SBI 1,634 1,242
    WEC ENERGY GROUP INC SHS 8,619 10,181
    WENDYS CO COM 1,415 1,499
    WESTERN ALLIANCE 2,847 2,132
    WESTWOOD HLDGS GROUP INC 1,516 850
    WHIRLPOOL CORP 7,722 4,809
    WHITE MTNS INS GRP LTD 872 858
    WILLIAMS COMPANIES DEL TOTAL 8,493 6,218
    WIRECARD AG - TOTAL 1,334 1,310
    WISDOMTREE INVTS INC TOTAL 1,605 1,077
    WIX COM LTD 1,866 2,710
    XPO LOGISTICS INC 1,755 1,939
    YEXT INC 1,432 1,440
    ZIONS BANCORP NA 7,892 5,948
    ABB LTD 8,957 7,300
    AIRCASTLE LTD 507 414
    ALBANY INTL CRP NEW CL A 805 687
    ASHTEAD GROUP PLC SHS ADR 6,577 5,702
    AVANOS MEDICAL INC REG SHS 312 314
    BASF SE SPONSORED ADR 7,933 5,822
    BELDEN INC 2,137 1,295
    BERRY PETE CORP 384 236
    BHP GROUP PLC 9,633 10,975
    BJS WHSL CLUB HOLDINGS 2,204 1,972
    BLOOM ENERGY CORP CL A 1,658 599
    BROOKS AUTOMATION INC 603 495
    CABOT MICROELECTRS CORP 1,670 1,526
    CALLON PETRO CO DEL 438 284
    CALAVO GROWERS INC 762 582
    CACTUS INC 426 409
    CANADIAN NATL RAILWAY CO 5,129 4,593
    CARGURUS 581 538
    CARNIVAL CORP PAIRED SHS 7,722 5,867
    OTHER ASSETS 323,907 323,907

    TY 2018 OtherDecreasesSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Description Amount
    BK/TAX ADJ FOR DIFF BETWEEN FMV & COST OF CONTRIBUTED STOCK 51,439


    TY 2018 OtherExpensesSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 6,595 0   0
    MISCELLANEOUS 3,942 3,927   0
    ADVISORY FEES 37,133 37,133   0
    CHARITABLE CONTRIBUTIONS FROM PARTNERSHIPS 1 0   1
    BANK FEES 50 50   0
    DCP MIDSTREAM PARTNERS 874 874   0
    POSTAGE 36 36   0
    NONDEDUCTIBLE DONATIONS 13,000 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ENERGY TRANSFER PARTNERS 116 116 116
    RENAISSANCE ACCESS LLC 201 201 201


    TY 2018 TaxesSchedule
    Name:
    SUMMER REST FOUNDATION
    EIN:
    56-6534008
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 2,926 2,926   0
    FEDERAL TAX 11,478 0   0