Form990-PF
Click to see list of attachments

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 Kemper & Ethel Marley Fdn
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 10392
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Phoenix, AZ85064
A Employer identification number

86-0653091
B Telephone number (see instructions)

(602) 269-6081
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$223,766,954J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,018 4,018 4,018
4 Dividends and interest from securities... 2,807,595 2,779,848 2,779,848
5a Gross rents............ 55,801 26,927 26,927
b Net rental income or (loss) -55,801
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 22,095,008
b Gross sales price for all assets on line 6a 50,894,410
7 Capital gain net income (from Part IV, line 2)... 18,945,204
8 Net short-term capital gain......... 1,559,101
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 -109,204 76,427  
12 Total. Add lines 1 through 11........ 24,741,616 21,778,570 4,316,040
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 56,287 46,130 46,130 7,544
b Accounting fees (attach schedule)....... Click to see attachment 412,807 325,000 325,000 71,142
c Other professional fees (attach schedule).... Click to see attachment 1,534,560 1,175,717 1,175,717 358,701
17 Interest............... 1,508 96 96 1,412
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,037,235 453,267 453,267  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 57     57
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 344,706 320,593 320,593 17,716
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,387,160 2,320,803 2,320,803 456,572
25 Contributions, gifts, grants paid....... 10,028,270 10,028,270
26 Total expenses and disbursements. Add lines 24 and 25 13,415,430 2,320,803 2,320,803 10,484,842
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,326,186
b Net investment income (if negative, enter -0-) 19,457,767
c Adjusted net income (if negative, enter -0-)... 1,995,237
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............. 1,253,217 1,353,773 1,353,773
2 Savings and temporary cash investments......... 13,452,646 6,922,633 6,922,633
3 Accounts receivable bullet18,653
Less: allowance for doubtful accounts bullet   312 18,653 18,653
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) 733,093 Click to see attachment745,591 738,846
b Investments—corporate stock (attach schedule)....... 91,982,579 Click to see attachment103,610,906 105,621,596
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet4,572,638
Less: accumulated depreciation (attach schedule) bullet   4,233,123 Click to see attachment4,572,638 28,648,819
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 71,217,095 Click to see attachment76,968,515 80,313,310
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment149,324 Click to see attachment149,324 Click to see attachment149,324
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 183,021,389 194,342,033 223,766,954
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 22,567,650 18,666,000
19 Deferred revenue................. 821,893 816,352
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment2 Click to see attachment2
23 Total liabilities (add lines 17 through 22)......... 23,389,545 19,482,354
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........ 142,091,494 142,091,494
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 17,540,350 32,768,185
30 Total net assets or fund balances (see instructions)..... 159,631,844 174,859,679
31 Total liabilities and net assets/fund balances (see instructions). 183,021,389 194,342,033
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
159,631,844
2
Enter amount from Part I, line 27a .....................
2
11,326,186
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,901,649
4
Add lines 1, 2, and 3 ..........................
4
174,859,679
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
174,859,679
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 Robeco-Boston-Short Term-Covered P 2018-07-01 2018-12-31
b Robeco-Boston-Long Term-Covered P 2017-01-01 2018-12-31
c Robeco-Boston-Long Term-NonCovered P 2017-01-01 2018-12-31
d Goldman-ST-Covered P 2018-07-01 2018-12-31
e Goldman-LT-Covered P 2017-01-01 2018-12-31
Goldman-LT-NonCovered P 2017-01-01 2018-12-31
Times Square-ST-Covered P 2018-07-01 2018-12-31
Times Square-LT-Covered P 2017-01-01 2018-12-31
Times Square-LT-Non Covered P 2017-01-01 2018-12-31
William Blair-LT P 2017-01-01 2018-12-31
Mondrian-ST P 2018-07-01 2018-12-31
Putnam K-1-Long Term P 2017-01-01 2018-12-31
Mondrian-LT P 2017-01-01 2018-12-31
KEMFMC-LTCG-MCC Land P 2012-05-11 2018-01-23
KEMFIL-LTCG-Marley Park P 2004-01-14 2018-01-19
KEMNCI-LTCG-NextCycle P 2011-02-04 2018-06-13
KEMHIL-LTCG-HastingsFarm P 2011-04-05 2018-01-31
KEMHRI-LTCG-Hawes&Riggs P 2011-04-28 2018-04-30
KEMTIL-LTCG-Tuscano Land P 2011-05-25 2018-10-30
KEMALI-LTCG-Alameda P 2012-06-29 2018-03-13
KFGBIN-LTCG-GilbertBaseline P 2016-10-10 2018-07-13
KF99LI-LTCG-99thLowerBuckeye P 2016-11-01 2018-07-05
RobecoBstnSTCvrdWashSale loss disallowed P 2018-07-01 2018-12-31
GoldmanSTCvrd-Wash sale loss Disallowed P 2018-07-01 2018-12-31
TimesSqSTCvrdWash Sale loss disallowed P 2018-07-01 2018-12-31
TimesSq-LT-CvrdWash sale loss disallowed P 2017-01-01 2018-12-31
BostonLT-Cvrd-BasisAdjWithJPMC-Custodian P 2017-01-01 2018-12-31
JPM-MnyMktLTCGBasisAdjWithJPMC-Custodian P 2017-01-01 2018-12-31
GoldmnLTCGCvrdBasisAdjWithJPMC-Custodian P 2017-01-01 2018-12-31
TimeSqLTCGCvrdBasisAdjWithJPMC-Custodian P 2017-01-01 2018-12-31
KEMFIL-LTCG-Marley Park P 2004-01-14 2018-06-15
KEMFIL-LTCG-Marley Park P 2004-01-14 2018-09-20
KEMFIL-LTCG-Marley Park P 2004-01-14 2018-12-19
KEMNCI-LTCG-NextCycle P 2011-02-04 2018-10-25
KF99LI-LTCG-99thLowerBuckeye P 2017-04-04 2018-09-11
KF99LI-LTCG-99thLowerBuckeye P 2017-04-04 2018-11-06
(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 3,337,441   3,315,990 21,451
b 7,113,694   5,486,834 1,626,860
c 282,261   96,997 185,264
d 4,499,166   4,269,299 229,867
e 5,552,909   4,239,922 1,312,987
8     8
7,902,847   6,785,266 1,117,581
6,614,549   4,463,346 2,151,203
648,380   90,398 557,982
1,729,760     1,729,760
120,091     120,091
18,256     18,256
497,832     497,832
5,541     5,541
29,841     29,841
3,462     3,462
2,000,573     2,000,573
1,938,122     1,938,122
2,423,704     2,423,704
1,006,346     1,006,346
261,581     261,581
163,856     163,856
6,074     6,074
28,644     28,644
35,393     35,393
15,860     15,860
112,843     112,843
47     47
    2,556 -2,556
    48,794 -48,794
750,735     750,735
137,646     137,646
25,378     25,378
7,705     7,705
261,401     261,401
212,660     212,660
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       21,451
b       1,626,860
c       185,264
d       229,867
e       1,312,987
      8
      1,117,581
      2,151,203
      557,982
      1,729,760
      120,091
      18,256
      497,832
      5,541
      29,841
      3,462
      2,000,573
      1,938,122
      2,423,704
      1,006,346
      261,581
      163,856
      6,074
      28,644
      35,393
      15,860
      112,843
      47
      -2,556
      -48,794
      750,735
      137,646
      25,378
      7,705
      261,401
      212,660
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 18,945,204
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 1,559,101
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 10,419,379 224,104,079 0.04649
2016 11,176,457 218,204,823 0.05122
2015 11,096,435 230,362,196 0.04817
2014 15,562,202 236,917,517 0.06569
2013 14,237,929 232,904,014 0.06113
2
Total of line 1, column (d) .....................
2
0.272701
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
0.054540
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
240,243,121
5
Multiply line 4 by line 3......................
5
13,102,860
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
194,578
7
Add lines 5 and 6........................
7
13,297,438
8
Enter qualifying distributions from Part XII, line 4,.............
8
10,484,842
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 1 389,155
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........................... 3 389,155
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- ..... 5 389,155
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 310,986
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 130,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 440,986
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,118
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 50,713
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet50,713 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
    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 ofbulletThe Kemper&Ethel Marley Fdn Telephone no.bullet (602) 269-6081

    Located atbulletPO Box 10392PhoenixAZ ZIP+4bullet85064
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Nancy Elitharp Ball-See Note Treasurer&VP
    21.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    Stephen M Corrigan-See Note President
    16.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    Dan Corrigan-See Note VP
    14.00     		0    
    PO Box 10392
    Phoenix,AZ85064
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Times Square Capital Mgt Inc Money Manager 251,278
    Four TImes Square 25th Floor
    New York,NY10036
    Mondrian Investment Partners Ltd Money Manager 158,785
    PO Box 392481
    Cleveland,OH44193
    Goldman Sachs Money Manager 167,665
    32 Old Slip - 32nd Floor
    New York,NY10005
    Boston Partners Money Manager 139,984
    909 Third Avenue-32nd Floor
    New York,NY10022
    Marley Management Company Invest;Acctg;Grants 1,582,709
    PO Box 10392
    Phoenix,AZ85064
    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
    118,455,716
    b
    Average of monthly cash balances.......................
    1b
    15,078,922
    c
    Fair market value of all other assets (see instructions)................
    1c
    110,367,008
    d
    Total (add lines 1a, b, and c).........................
    1d
    243,901,646
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    243,901,646
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,658,525
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    240,243,121
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    12,012,156
    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
    12,012,156
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    389,155
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    389,155
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,623,001
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    11,623,001
    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
    11,623,001
    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
    10,484,842
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    10,484,842
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    10,484,842
    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 11,623,001
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 7,207,031
    b Total for prior years:20, 20, 20  
    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$ 10,484,842
    a Applied to 2017, but not more than line 2a 7,207,031
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 3,277,811
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		8,345,190
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    See Attached Statement
    For Detail of Total Grants
    Various Cities,AZ85064     		Various Various Various 10,028,270
    Total .................................bullet 3a 10,028,270
    bApproved for future payment
    Aid To Adoption Of Special Kids
    2320 N 20th St
    Phoenix,AZ85006     		None PC Siblings Camp for children in foster care 30,000
    Barrow Neurological Foundation
    350 W Thomas Road
    Phoenix,AZ85013     		None PC Neuroscience building on 3rd Avenue 650,000
    Barrow Neurological Foundation
    350 W Thomas Road
    Phoenix,AZ85013     		None PC Endowment for neurological research 150,000
    Devereux Foundation-Arizona
    2025 N 3rd St
    Phoenix,AZ85004     		None PC New Residential Dormitory for youth in treatment 375,000
    Diocesan Council-St Vincent DePaul
    420 W Watkins Road
    Phoenix,AZ85003     		None PC New residential building for homeless veterans 150,000
    Fighter Country Foundation Inc
    500 N Estrella Parkway B2-Pmb 479
    Goodyear,AZ85338     		None PC New building for security mount at Luke Air Force Base 200,000
    First Place AZ
    717 E Maryland Ave 110
    Phoenix,AZ85014     		None PC Residential apartments for adults with autism 300,000
    Gilbert Historical Society Inc-HD S
    PO Box 1484
    Gilbert,AZ85299     		None PC New building for cultural and historic building for Gilbert 125,000
    Girl Scout Council Inc-AZ Cactus-Pi
    119 E Coronado Rd
    Phoenix,AZ85004     		None PC Camp Sombero-South Mountain Camp campus redo incl. buildings 50,000
    Grand Canyon Association
    PO Box 399
    Grand Canyon,AZ86023     		None PC Support for dark sky certification in Grand Canyon National Park 450,000
    Great Hearts Academies
    4801 E Washington St 250
    Phoenix,AZ85034     		None PC Performing Arts building for Maryvale Prep.Campus 1,250,000
    Heard Museum
    2301 N Central Ave
    Phoenix,AZ85004     		None PC Support of exhibits and programming in the Grand Gallery 96,000
    Liberty Wildlife Rehabilitation Fdn
    2600 E Elwood St
    Phoenix,AZ85040     		None PC New Campus with educational side for students and the public and rehabilitation side for the animals 125,000
    Lowell Observatory
    1400 W Mars Hill Road
    Flagstaff,AZ86001     		None PC Research time for the Lowell astronomers on the Discovery Channel Telescope 540,000
    Mayo Clinic Arizona
    13400 E Shea Blvd
    Scottsdale,AZ85259     		None PC Scholarship Endowment for students at the Mayo Medical School 3,400,000
    Northern AZ University Foundation I
    PO Box 4094
    Flagstaff,AZ86011     		None PC Support for NAU Center for Non-Profit and Social Entrepreneurship certicate program 700,000
    Northern AZ University Foundation I
    PO Box 4094
    Flagstaff,AZ86011     		None PC Support for the start of the Center for Non-Profit and Social Entrepreneurship 100,000
    Phoenix Zoo Auxiliary
    455 N Galvin Parkway
    Phoenix,AZ85008     		None PC Capital support for the new elephant habitat 775,000
    Reid Park Zoological Society
    1030 S Randolph Way
    Tucson,AZ85716     		None PC New Veterinary Animal Health Center 125,000
    Sandra Day O'Connor Institute
    PO Box 4425
    Phoenix,AZ85030     		None PC Summer Camp for 7th and 8th graders for civic education 50,000
    Sharlot Hall Historical Society of
    415 W Gurley Street
    Prescott,AZ86301     		None PC New Education Center on Museum Grounds 400,000
    Sojourner Center
    PO Box 20156
    Phoenix,AZ85036     		None PC Support for domestic violence victims for traumic brain injury assessment and treatment 200,000
    Southwest Autism Research Resource
    300 N 18th Street
    Phoenix,AZ85006     		None PC In school testing for students on the autism spectrum 225,000
    Translational Genomics Research Ins
    445 N 5th St 600
    Phoenix,AZ85004     		None PC Early detection and treatment of pancreatic cancer 1,000,000
    University Of Arizona Foundation
    PO Box 210036
    Tucson,AZ85721     		None PC Scholarship Endowment for students of the new UofA Veterinary School of Medicine 4,561,000
    University Of Arizona Foundation
    PO Box 210036
    Tucson,AZ85721     		None PC Capital support for the new UofA Veterinarian School of Medicine 2,639,000
    Total .................................bullet 3b 18,666,000
    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 4,018  
    4 Dividends and interest from securities....     14 2,779,848 27,747
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531190 -28,874      
    bNot debt-financed property.....     16 -26,927  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		531390 3,149,804 18 18,945,204  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEDCPVH-OrdLoss-To 990T     		531390 -959      
    bKEMDOB-OthrPortfolioInc     14 6,000  
    cKEMFDCResSLGlfOrdLos-990T 531120 -163,602      
    dKEMF-Ranch-OrdInc-To990T 111000 -21,070      
    eKEMHRInvOthrPortfolioInc     14 -55  
    fKEMVRInvOthrPortfolioInc     14 20,000  
    gKF99LBOthrPortfolioInc     14 3,524  
    hKF99SIOthrPortfolioInc     14 7,735  
    iKFEHF1OthrPortfolioInc     14 44,565  
    jKFSherwoodOthrPortInc     14 10,866  
    kKFWPINvOthrPortfolioLoss     14 -596  
    lKFWWINvOthrPortfolioInc     14 88  
    mMondrian-PortfolioInc     20 -15,700  
    12 Subtotal. Add columns (b), (d), and (e).. 2,935,299 21,778,570 27,747
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    24,741,616
    (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.)
    4 These dividends are return of capital that Managers show as non-taxable dividends. They add income for grant support.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Marley Management-990T 16,665 0 0 0
    Marley Management-Direct&SMLLCs 325,000 325,000 325,000 0
    Marley Management-KEMFDN Exempt 71,142 0 0 71,142

    TY 2018 ContractorCompensationExpln
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Contractor Explanation
    Marley Management Company Real Estate Acq&Mgt;Acctg&Tax Plng&Prep; Cash Mgt; Grant Mgt; Equity Mgt.

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

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    KEMFRL-1231 Gain-MCC 2016-02 Purchase 2018-11   75   Cost   -75  
    KEMF-DCL-1231 Gain 2009-02 Purchase 2018-05   3,149,879   Cost   3,149,879  

    TY 2018 GeneralExplanationAttachment
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF Form 990-T AttachmentSchedule of Loss Carryforwards Taxable Year Amounts filed Amounts per closed Audit 2007 (38,805) (839,017) 2008 (263,882) (1,066,286) 2009 (1,837,371) (1,797,241) 2010 (1,096,052) (1,686,399) 2011 (1,542,722) (1,475,880) 2012 (1,117,167) (1,014,983) Total (5,895,999) (7,879,806) 2013 5,895,999 7,475,133 Balance (404,673) 2014 (463,893) (355,058)990-T Loss Carryforward through 2014 Subtotal (759,731) 2015 (402,127) (402,127)990-T Loss Carryforward through 2015 Subtotal $(1,161,858) 2016 (488,763) (490,224)990-T Loss Carryforward through 2016 Subtotal $(1,652,082) 2017 Net Loss (491,237) $(491,237) 990-T Loss Carryforward through 2017 Subtotal $(2,143,319) 2018 Net Income 2,841,585 2,143,319======================================================================Capital Loss Carryfoward used in 2018 $ 74,568Ordinary Loss Carryforward used in 2018 $ 2,068,751
      General Explanation Supplemental Information for Form 990-PF The information reported here for Form 990PF details the summary information presented Part II; Balance Sheet line 11 - Investments-Land, Buildings & Equipment and further reported on Statement 9:Category Basis Book Value Fair Market Value-------------------------- ---------- ------------ -----------------Lincoln House Improvements $ 22,231 $ 22,231 $ 0KEMFMC-MarleyCattle Land 2,062,417 2,062,417 15,544,138KEMMCL-MarleyCattle Land Retained 232,731 232,731 3,313,758KEMDOB-Dobbins Mannor Land 2,255,259 2,255,259 2,280,000 ---------- ------------ ----------------- Total $ 4,572,637 $ 4,572,637 $ 21,137,896 ========== ============ =================
      General Explanation Supplemental Information for Form 990-PF The information reported here for Form 990-PF, Page 6, Part VIII-1 is not paid directly by The Kemper & Ethel Marley Foundation. The compensation and benefit plan information is paid by Marley Management Company. The compensation is included in the information provided on Form 990-PF, Page 7, Part VIII-3 for Marley Management Company as per Part VIII. Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors.Officer Compensation Contrib. To Benefit Plans Expense AccountNancy E. Ball $139,883 $15,794 $0Stephen M. Corrigan $ 34,630 $ 5,195 $0Dan Corrigan $ 28,280 $ 4,242 $0

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Robeco-Boston-Equity 19,422,077 21,768,619
    Times Square-Small Cap 20,714,333 22,946,176
    Goldman Sachs-Lg.Cap.Growth 17,054,887 22,221,408
    Mondrian-International Value 23,465,087 20,283,454
    William Blair-International Growth 22,954,522 18,401,939

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    US Government Securities - End of Year Book Value:

    745,591
    US Government Securities - End of Year Fair Market Value:

    738,846
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2018 InvestmentsLandSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 4,572,638   4,572,638 28,648,819

    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EDCPVH-Inv in Golf Casitas LLC FMV 15,044 15,044
    KEMFDC-Inv in DC Ranch LLC FMV 3,704,380 3,406,898
    KEMFRL-Inv in MarleyCattleCompanyLLP FMV 59,759 532,107
    KEMDMI-Inv in Dominion Creek LLC FMV 2,443,617 2,896,967
    KEMMRI-Inv in McCartney Ranch LLC FMV 4,918,947 3,945,039
    KEMVRI-Inv in Ventanna Ranch LLC FMV 4,551,342 6,118,097
    KEMNCI-Inv in NC Investments LLC FMV 67,405 38,004
    KEMHIL-Inv in EH HastingsFarmLLC FMV 1 1
    KEMHRI-Inv in Hawes & Riggs LLC FMV 1,183,806 4,203,767
    KEMTIL-Inv in TuscanoD&G LLC FMV 119,413 119,413
    KEM20I-Inv in 20th Drive Investments LLC FMV 1,198,209 1,998,273
    KEMALI-Inv in Alameda Investments LLC FMV 4,899 4,899
    KF303I-Inv in 303G Investments LLC FMV 3,743,192 4,708,363
    KFWPIN-Inv in WP Investments LLC FMV 10,024,937 11,842,273
    KEMFIL-Inv in Marley Park Deed of Trust FMV 1 1,158,665
    KEMFMC-Inv in Freeport Deed of Trust FMV 892,975 892,975
    KFSHWD-Inv in Sherwood LLC FMV 6,798,494 3,397,704
    KFWWIN-Inv in Westwind Investors LLC FMV 19,418,626 16,307,816
    KFGBIN-Inv in Gilbert & Baseline LLC FMV 847,177 768,986
    KF99LI-Inv in 99LB Investments LLC FMV 129,563 381,883
    KFBCPI-Inv in Biltmore Corp Park LLC FMV 4,416,904 4,277,780
    KFEHF1-Inv in EH PP Funding Invs FMV 5,325,767 5,325,767
    KFTSIN-Inv in Tempe Bargin Storage FMV 2,344,672 3,213,203
    KF99SI-Inv in 99B SelfStorage FMV 2,953,597 2,953,597
    KF25PI-Inv in 25P SelfStorage FMV 1,182,495 1,182,495
    KFGDCF-Inv in GDC Funding Inv FMV 609,912 609,912
    KF19SI-Inv in 19thAveHappyValleyS FMV 6,691 6,691
    KF19NI-Inv in 19thAveHappyValleyN FMV 6,691 6,691

    TY 2018 LegalFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Fennemore Craig-990T 2,613 0 0 0
    Fennemore Craig-DIrect&SMLLCs 46,130 46,130 46,130 0
    Fennemore Craig-KEMF Only 7,544 0 0 7,544


    TY 2018 OtherAssetsSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Other Assets-Furniture,Bronze,Fine Art 149,324 149,324 149,324


    TY 2018 OtherExpensesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues, Subs, Pubs 26,918 9,999 9,999 16,919
    Insurance-Property & Umbrella 27,152 26,440 26,440 712
    Licenses & Permits 12,825 12,825 12,825  
    Lincoln Property Expenses 20,024 20,024 20,024  
    LLC Portfolio Expenses 211,018 211,018 211,018  
    Misc NonDed Exp SMLLC K-1s-Div 007 6,397      
    Office Supplies 85     85
    Ranching Grazing Fee 23,704 23,704 23,704  
    Rental Property Utility Expenses 16,583 16,583 16,583  


    TY 2018 OtherIncomeSchedule2
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EDCPVH-OrdLoss-To 990T -959    
    KEMDOB-OthrPortfolioInc 6,000 6,000  
    KEMFDCResSLGlfOrdLos-990T -163,602    
    KEMF-Ranch-OrdInc-To990T -21,070    
    KEMHRInvOthrPortfolioInc -55 -55  
    KEMVRInvOthrPortfolioInc 20,000 20,000  
    KF99LBOthrPortfolioInc 3,524 3,524  
    KF99SIOthrPortfolioInc 7,735 7,735  
    KFEHF1OthrPortfolioInc 44,565 44,565  
    KFSherwoodOthrPortInc 10,866 10,866  
    KFWPINvOthrPortfolioLoss -596 -596  
    KFWWINvOthrPortfolioInc 88 88  
    Mondrian-PortfolioInc -15,700 -15,700  


    TY 2018 OtherIncreasesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    Decrease in Future Grant Commitments 3,901,649


    TY 2018 OtherLiabilitiesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding 2 2


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Callan-Consultant 66,383 66,383 66,383 0
    JPM-Custodian Fees 46,892 46,892 46,892 0
    MMC-PublicInvesting-NB 82,089 82,089 82,089 0
    MMC-RE & Property Mgt. 246,793 246,793 246,793 0
    MMC-RE Mgt;Acctg;Grant Mgt.-NB&Others 358,701 0 0 358,701
    MMC-RE Mgt;Acctg-990T 142 0 0 0
    Money Manager-Boston 139,984 139,984 139,984 0
    Money Manager-Goldman Sachs 167,665 167,665 167,665 0
    Money Manager-Mondrian 158,785 158,785 158,785 0
    Money Manager-Time Square 251,278 251,278 251,278 0
    RE Consulting-Everest 15,848 15,848 15,848 0


    TY 2018 TaxesSchedule
    Name:
    The Kemper & Ethel Marley Fdn
    EIN:
    86-0653091
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 497,721      
    Foreign Taxes Withheld on Dividends 78,109 78,109 78,109  
    Property Taxes-Real Estate 375,158 375,158 375,158  
    UBIT Income Taxes-990T 86,247