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
Kalscheur Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

39-6681490
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$11,358,018J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 12,543 12,543  
4 Dividends and interest from securities... 109,762 109,762  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,324,403
b Gross sales price for all assets on line 6a 9,347,838
7 Capital gain net income (from Part IV, line 2)... 2,324,403
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).......      
12 Total. Add lines 1 through 11........ 2,446,708 2,446,708  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,369 16,148   24,221
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 1,625 0 0 1,625
c Other professional fees (attach schedule).... Click to see attachment 76,539 76,539    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,174      
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 10,567 505   10,062
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 149,274 93,192 0 35,908
25 Contributions, gifts, grants paid....... 142,493 142,493
26 Total expenses and disbursements. Add lines 24 and 25 291,767 93,192 0 178,401
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,154,941
b Net investment income (if negative, enter -0-) 2,353,516
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,098,204 1,291,843 1,291,843
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) 150,463 Click to see attachment450,468 451,996
b Investments—corporate stock (attach schedule)....... 8,081,867 Click to see attachment9,482,598 9,356,658
c Investments—corporate bonds (attach schedule).......   Click to see attachment263,408 257,521
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) 9,330,534 11,488,317 11,358,018
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   842
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 842
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........ 9,330,534  
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds   11,487,475
30 Total net assets or fund balances (see instructions)..... 9,330,534 11,487,475
31 Total liabilities and net assets/fund balances (see instructions). 9,330,534 11,488,317
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
9,330,534
2
Enter amount from Part I, line 27a .....................
2
2,154,941
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,000
4
Add lines 1, 2, and 3 ..........................
4
11,487,475
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
11,487,475
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,347,838   7,023,435 2,324,403
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,324,403
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,324,403
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 438,368 11,726,566 0.037382
2016 428,925 10,364,722 0.041383
2015 564,294 10,699,054 0.052742
2014 537,532 10,905,927 0.049288
2013 407,825 9,511,681 0.042876
2
Total of line 1, column (d) .....................
2
0.223671
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
0.044734
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
12,247,238
5
Multiply line 4 by line 3......................
5
547,868
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
23,535
7
Add lines 5 and 6........................
7
571,403
8
Enter qualifying distributions from Part XII, line 4,.............
8
178,401
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 47,070
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 47,070
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 47,070
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 9,840
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 37,939
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 47,779
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 878
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 169
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    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
    Scott A KalscheurClick to see attachment Co-Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Steven J KalscheurClick to see attachment Co-Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Amy LanhamClick to see attachment Co-Trustee
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    SVA Plumb Trust CompanyClick to see attachment trustee
    10.0     		40,369 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,081,728
    b
    Average of monthly cash balances.......................
    1b
    1,352,016
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,433,744
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,433,744
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    186,506
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,247,238
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    612,362
    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
    612,362
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    47,070
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    47,070
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    565,292
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,000
    5
    Add lines 3 and 4............................
    5
    567,292
    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
    567,292
    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
    178,401
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    178,401
    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
    178,401
    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 7 567,292
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 122,720
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 178,401
    a Applied to 2017, but not more than line 2a 122,720
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 55,681
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		511,611
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BADGER REGIONAL TRAINING CENTER INC
    PO BOX 5583
    MADISON,WI53705     		N/A PC General & Unrestricted 7,515
    CHRIST MEMORIAL LUTHERAN CHURCH
    2833 RARITAN RD
    FITCHBURG,WI53711     		N/A PC General & Unrestricted 10,000
    DISTRICT COUNCIL OF MADISON INC SOCIETY OF ST VINC
    2033 FISH HATCHERY RD
    MADISON,WI53713     		N/A PC General & Unrestricted 1,000
    DUGOUT CLUB INC
    5719 STEEPLECHASE DR
    WAUNAKEE,WI53597     		N/A PC General & Unrestricted 1,250
    GILDAS CLUB MADISON WISCONSIN INC
    7907 UW HEALTH CT
    MIDDLETON,WI53562     		N/A PC General & Unrestricted 2,000
    GREEN BERET FOUNDATION
    14402 BLANCO RD STE 100
    SAN ANTONIO,TX78216     		N/A PC General & Unrestricted 2,000
    MAD-CITY SKI TEAM
    6516 MONONA DR
    MONONA,WI53716     		N/A PC General & Unrestricted 500
    MIDDLETON BASEBALL SOFTBALL COMMISSION
    PO BOX 620823
    MIDDLETON,WI53562     		N/A PC General & Unrestricted 500
    MIDWEST ATHLETES AGAINST CHILDHOOD CANCER INC
    10000 W INNOVATION DR STE 135
    MILWAUKEE,WI53226     		N/A PC General & Unrestricted 200
    MOUNT HOREB AREA WRESTLING INC
    PO BOX 232
    MOUNT HOREB,WI53572     		N/A PC General & Unrestricted 2,896
    MOUNT HOREB AREA WRESTLING INC
    PO BOX 232
    MOUNT HOREB,WI53572     		N/A PC Charitable Event 897
    MOUNT HOREB AREA WRESTLING INC
    PO BOX 232
    MOUNT HOREB,WI53572     		N/A PC End of Year Banquet Fund 109
    MOUNT HOREB AREA WRESTLING INC
    PO BOX 232
    MOUNT HOREB,WI53572     		N/A PC Hall of Fame Banquet fund 510
    MOUNT HOREB AREA WRESTLING INC
    PO BOX 232
    MOUNT HOREB,WI53572     		N/A PC Team dinner fund 145
    Mount Horeb High
    305 S 8TH ST
    Mount Horeb,WI53572     		N/A GOV General & Unrestricted 500
    MOUNT HOREB VETERANS MEMORIAL ASSOCIATION
    PO BOX 315
    MOUNT HOREB,WI53572     		N/A PC Kalscheur family bench fund 5,000
    New Glarus High
    PO BOX 7
    New Glarus,WI53574     		N/A GOV General & Unrestricted 200
    NORTHWEST DANE SENIOR SERVICES INC
    1837 BOURBON RD
    CROSS PLAINS,WI53528     		N/A PC General & Unrestricted 20,000
    SOUTHWESTERN WISCONSIN COMMUNITY ACTION PROGRAM IN
    149 N IOWA ST
    DODGEVILLE,WI53533     		N/A PC Home of our Own fund 200
    ST FRANCIS XAVIER CATHOLIC SCHOOL SYSTEM INC
    101 E NORTHLAND AVE
    APPLETON,WI54911     		N/A PC General & Unrestricted 500
    ST FRANCIS XAVIER PARISH AND SCHOOL SUPPORTING ORG
    2947 THINNES ST
    CROSS PLAINS,WI53528     		N/A SO I General & Unrestricted 52,800
    TASK FORCE DAGGER FOUNDATION
    12655 N CENTRAL EXPWY
    DALLAS,TX75243     		N/A PC General & Unrestricted 2,000
    THE MONROE CLINIC INC
    515 22ND AVE
    MONROE,WI53566     		N/A PC HOSPICE Fund 2,500
    belleville police department
    24 w main st po box 79
    Belleville,WI53508     		N/A GOV General & Unrestricted 200
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC General & Unrestricted 11,754
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC Girl's Softball Program 1,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC UW Hockey Program 2,000
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC Charitable Event 2,151
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC Charitable Event 842
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC Charitable Event 2,099
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC Charitable Event 3,295
    UNIVERSITY OF WISCONSIN FOUNDATION
    US BANK LOCKBOX 78807
    MILWAUKEE,WI53278     		N/A PC Charitable Event 3,430
    WISCONSIN AMPUTEE GOLF ASSOCIATION INC
    PO BOX 28441
    GREEN BAY,WI54324     		N/A PC General & Unrestricted 500
    amputee coalition of america inc
    900 e hill ave ste 290
    knoxville,TN37915     		n/a PC general & Unrestricted 2,000
    Total .................................bullet 3a 142,493
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 12,543  
    4 Dividends and interest from securities....     14 109,762  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,324,403  
    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)..   2,446,708  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,446,708
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 1,625     1,625

    TY 2018 CompensationExplanation
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Person Name Explanation
    SVA Plumb Trust Company *Removed from foundation in 2018. SVA Plumb Trust Company, Trustee of Kalscheur Family Foundation (the "foundation"), is a disqualified person with respect to the foundation. during taxable year ending December 31, 2018, the foundation paid $34,535 to SVA Plumb Trust Company for investment management services as reported on form 990-PF, Part I, LIne 16c.

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

    TY 2018 DepreciationSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP - 4.125% - 01/2 30,663 30,409
    BP CAP MKTS P L C NOTE CALL - 15,409 15,045
    CITIGROUP INC NOTE - 3.668% - 22,982 22,685
    ENTERPRISE PRODUCTS OPERTATING 10,571 10,686
    GE CAP CORP NTS - 5.875% - 01/ 22,902 19,122
    GOLDMAN SACHS GROUP INC - 4.00 23,230 22,696
    JPM CHASE - 4.400% - 07/22/202 30,704 30,542
    MICROSOFT CORP - 4.250% - 02/0 30,798 30,449
    SHELL INT'L FINANCE - 2.875% - 22,949 23,020
    VERIZON COMMUNICATIONS INC - 5 30,025 29,825
    WELLS FARGO &CO MTN - 3.584% - 23,175 23,042

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACCENTURE PLC 118,291 100,822
    ADIDAS AG 16,529 14,086
    ADOBE SYSTEMS, INC 11,622 10,181
    AES CORP 10,778 11,134
    AFLAC INC 25,306 24,876
    AIA GROUP LTD ADR 20,581 19,596
    AKAMAI TECH COM STK 8,564 7,146
    ALEXION PHARMACEUTICALS, INC 7,358 6,134
    ALIBABA GROUP HOLDING LTD 29,064 23,439
    ALPHABET INC CL A 12,151 10,450
    ALPHABET INC CL C 13,333 11,392
    ALTRIA GROUP INC 7,905 6,569
    AMADEUS IT HLDS SA 20,724 15,825
    AMAZON COM 29,381 24,032
    AMDOCS LIMITED 4,628 4,628
    AMER INTERNATIONAL GROUP INC 14,040 10,522
    AMERICAN EXPRESS CO 7,365 6,672
    ANADARKO PETROLEUM CORP 13,168 9,119
    ANHEUSER BUSCH COS INC 9,560 6,515
    ANIXTER INTL INC 104,401 86,081
    ANSYS INC 9,540 7,719
    APPLE INC 11,349 8,202
    APPLIED MATERIALS INC 13,880 10,771
    ARGO GROUP INTERNATIONAL 75,096 96,302
    ARMSTRONG WORLD INDU 124,715 159,495
    ARROW ELECTRONICS INC 18,108 93,083
    ASML HOLDING NV NY REG SHS 21,493 16,807
    ASOS PLS ADR 15,025 5,589
    AVERY DENNISON CORP 168,135 225,472
    BAIDU.COM - ADR 16,236 11,736
    BANK NEW YORK MELLON CORP COM 98,108 87,786
    BANK OF AMERICA CORP 15,886 12,714
    BAXTER INTERNATIONAL INC 7,630 6,977
    BERKLEY W R CP 71,173 142,646
    BERKSHIRE HATHAWAY INC. CLASS 171,694 168,449
    BIO TECHNE CORPORATION 8,498 6,657
    BIOGEN INC 9,213 8,125
    BIOMARIN PHARMACEUTICAL INC 4,344 3,747
    BLACK KNIGHT, INC 5,391 4,957
    BLACKBAUD INC 3,236 2,076
    BLACKLINE INC 9,175 7,740
    BLACKROCK INC 10,749 9,035
    BRISTOL-MYERS SQUIBB CO 16,280 14,450
    BROOKS AUTOMATION, INC 5,065 4,582
    BURBERRY GROUP PLC 19,747 15,859
    CABLE ONE INC 32,092 87,751
    CANADIAN PACIFIC RAILWAY LTD 27,807 24,156
    CARLISLE COS INC 153,500 193,501
    CARMAX INC 9,695 8,343
    CARS COM INC 77,462 61,060
    CATERPILLAR INC 6,306 5,845
    CBRE GROUP 8,204 7,247
    CELGENE CORP 8,512 6,089
    CENTURYLINK INC 95,981 63,327
    CERNER CORPORATION 103,147 82,593
    CHARLES SCHWAB CORP 7,424 6,146
    CHECK POINT SOFTWARE TECHNOLOG 15,395 13,652
    CHEMICAL AND MINING CO OF CHIL 15,390 13,558
    CHEVRON CORP 6,962 6,419
    CHIPOTLE MEX GRILL 5,136 4,318
    CHUBB LIMITED 85,954 82,675
    CIGNA CORPORATION 9,346 9,496
    CITIGROUP INC 14,285 10,516
    COMCAST CORP 7,419 7,151
    CORE LABORATORIES 7,088 3,699
    CORNING INC 12,531 11,480
    COSTAR GROUP, INC 8,104 6,409
    COSTCO WHOLESALE CORPORATION 5,979 5,296
    CSX CORP 9,543 8,015
    DIAGEO PLC ADS 32,930 33,181
    DOLLAR GENERAL CORP 163,183 164,282
    DOLLAR TREE INC 78,220 76,772
    EBAY INC 116,912 94,456
    ECOLAB INC 18,942 19,008
    ENPRO INDUSTRIES INC 84,946 70,017
    ENVESTNET INC 4,180 3,394
    EPIROC AB 9,881 8,987
    EPLUS, INC 73,183 91,809
    EQUINIX, INC 7,243 5,994
    ERSTE BK DER OEST SP 27,972 22,844
    EXPEDITORS INTL WASH INC 92,486 85,453
    F M C CP 19,206 17,307
    FACEBOOK INC 16,808 12,978
    FACTSET RESH SYST INC 36,132 45,029
    FANUC LIMITED UNSPONSORED 24,713 19,382
    FASTENAL COMPANY 10,006 8,680
    FIRSTCASH INC 92,405 172,555
    FRANKLIN RES INC 33,847 31,885
    FREEPORT-MCMORAN COPPER & GOLD 10,193 9,691
    GENESEE 5,161 4,367
    GENPACT LIMITED 122,727 196,756
    GIVAUDAN SA UNSP/ADR 19,167 18,882
    GRAHAM HOLDINGS COMPANY 191,307 238,935
    GRAINGER W W INC 9,964 8,188
    HALLIBURTON COMPANY 7,927 5,157
    HDFC BANK LTD ADR 13,451 14,088
    HEALTHCARE SVCS GROUP INC 7,664 7,554
    HOME DEPOT INC 8,786 7,560
    HONEYWELL INTL 162,621 142,029
    HONG KONG EX&CL UNSP/ADR 20,236 20,521
    HOWARD HUGHES CORPORATION 137,436 109,823
    HOYA CORP SPONS ADR 17,690 17,985
    HUMANA INC 14,513 12,605
    ICON PLC - AMERICAN DEPOSITARY 30,582 27,263
    IHS MARKIT LTD 5,106 4,845
    ILLUMINA INC COM 9,383 8,398
    INDUSTRIA DE DISENO 13,887 10,918
    INTERPUBLIC GROUP OF COS 138,008 155,034
    INTUITIVE SURGICAL 5,373 4,789
    JOHNSON & JOHNSON 5,660 5,420
    JP MORGAN CHASE 151,838 128,858
    KAO CORP 15,463 15,422
    KBC GROUP SA UNSP ADR 16,518 14,574
    KENNEDY WILSON HOLDINGS INC 129,617 115,743
    L'OREAL ADR 19,174 19,862
    LEGRAND INC 21,426 16,445
    LINDE PLC COM 27,964 26,371
    LKQ CORPORATION 7,776 5,671
    LONDON STK EXCHANGE GROUP 30,552 27,431
    LOWES COMPANIES INC 11,604 9,975
    LVMH MOET HENN UNSP 21,421 18,181
    MANPOWER GROUP INC 113,844 107,244
    MARATHON PETROLEUM CORP 9,585 6,963
    MARKEL CORP 6,101 5,190
    MASCO CORP 113,612 90,936
    MCCORMICK & CO 3,455 3,899
    METLIFE INC 11,677 10,635
    METTLER-TOLEDO INTL 20,323 20,361
    MICROSOFT CORP 17,088 16,048
    MONOTARO CO., LTD 8,936 8,656
    MOODYS CORP 9,260 7,562
    MORGAN STANLEY 10,475 8,644
    MSC INDUSTRIAL DRCT 49,395 57,305
    NESTLE S.A 139,747 137,065
    NEXTERA ENERGY, INC 11,670 11,820
    NIDEC CORPORATION ADR 20,384 16,578
    NINTENDO CO LTD ADR UNSPON 9,791 8,110
    NOVO NORDISK A S 16,150 15,295
    NUTANIX INC 4,192 4,284
    NUTRIEN LTD 94,511 80,370
    NVIDIA CORP 3,024 2,537
    OKTA INC 2,245 2,361
    OMNICOM GROUP 82,553 87,888
    ORACLE CORP 97,474 89,487
    ORIX CORP ADS 20,233 18,245
    PACCAR INC 75,195 64,568
    PALO ALTO NETWORKS INC 7,664 6,592
    PAYPAL HOLDINGS, INC 8,165 7,820
    PENSKE AUTOMOTIVE GROUP, INC 84,896 90,115
    PEPSICO INC 103,555 102,746
    PHILIP MORRIS INTL 10,128 7,944
    PING AN INSURANCE GROUP ADR 15,638 14,329
    PIONEER NAT RES CO 4,580 3,420
    PPG INDUSTRIES INC 48,434 49,582
    PROS HOLDINGS INC 7,460 6,751
    QUALCOMM INC 16,199 13,772
    QUALYS INC COM 2,886 2,990
    QUEST DIAGNOSTICS 125,535 94,928
    QURATE RETAIL INC QVC GROUP 12,567 11,653
    RED HAT, INC 4,995 6,850
    REGENERON PHARMACEUTICALS INC 4,164 4,109
    RENTOKIL INITIAL PLC SPON ADR 37,171 37,069
    ROBERT HALF INTL INC 26,051 42,042
    ROCHE HOLDING LTD ADR 16,790 17,125
    ROGERS COMM CL B 19,014 18,402
    ROPER INDUSTRIES 8,337 7,463
    RYDER SYSTEM 110,256 109,782
    SAP AKTIENGESELL ADS 31,025 25,883
    SBA COMMUNICATIONS CORP 7,065 7,447
    SCHLUMBERGER LTD 122,161 74,902
    SEI INVESTMENTS 5,379 4,019
    SHISEIDO CO LTD 41,099 37,932
    SHOPIFY INC 9,964 9,830
    SMITH & NEPHEW PLC ADR 78,952 82,423
    SMITH A O CORP DEL COM 2,348 1,751
    SPLUNK INC 6,594 6,396
    STANLEY BLACK & DECKER INC 99,105 85,015
    SUNCOR ENERGY INC 24,229 16,642
    TE CONNECTIVITY LTD 62,249 51,807
    TECHNIPFMC PLC 10,440 7,323
    TECHNOPRO HLDGS IN 10,556 7,033
    TELEFLEX INC 4,286 4,653
    TELEPERFORMANCE SA 15,475 13,209
    TEMENOS GROUP AG 17,814 12,492
    TERADATA CORPORATION 11,775 11,163
    TEXAS INSTRUMENTS INC 7,059 5,954
    THE COCA-COLA CO 5,086 5,256
    THE HAIN CELESTIAL GROUP, INC 71,701 39,967
    THERMO FISHER SCIENTIFIC INC 8,428 8,056
    TJX COMPANIES INC 106,613 89,033
    TRANSDIGM GRP INC 7,012 6,801
    TRANSUNION COM USD0.01 3,984 3,749
    TRIMAS CORPORATION 98,010 120,076
    TRIMBLE NAV LTD 7,667 6,220
    TRINITY INDUSTRIES, INC 79,103 72,271
    TWENTY-FIRST CENTURY FOX CL B 153,002 162,930
    TYLER TECHNOLOGIES, INC 12,505 10,592
    TYSON FOODS INC CL A 12,173 10,413
    UMICORE SA 24,392 17,906
    UNILEVER PLC AMER 99,871 91,699
    UNION PACIFIC 5,099 4,700
    UNITED PARCEL SERVICE 8,366 6,730
    UNITED TECHNOLOGIES CORP 8,613 6,921
    UNITEDHEALTH GROUP INC 170,843 161,679
    UNUM CORP 8,777 7,257
    VALE SA 7,887 8,046
    VALERO ENERGY CORP 6,453 4,123
    VALMONT INDUSTRIES INC 87,257 68,234
    VANGUARD GROWTH ETF 105,680 90,270
    VANGUARD MID-CAP VALUE INDEX 242,862 202,808
    VANGUARD VALUE ETF 105,322 93,934
    VERISK ANALYTICS, INC 12,119 11,231
    VERIZON COMMUNICATIONS 17,940 18,609
    VIASAT, INC. 114,041 95,794
    VISA INC 13,932 12,930
    VMWARE INC 4,182 3,977
    WABCO HOLDINGS INC 64,007 56,890
    WALT DISNEY HOLDINGS CO 8,386 8,224
    WASTE CONNECTIONS 8,192 7,796
    WELLS FARGO & CO 12,037 9,446
    WESTERN ASSET SMASH SERIES C F 114,262 108,223
    WESTERN ASSET SMASH SERIES EC 301,098 298,064
    WESTERN ASSET SMASH SERIES M F 342,091 341,552
    WHITE MTN INS LTD 161,968 156,100
    WILLIAMS COS 12,431 9,437
    WOODWARD INC 102,184 162,695
    YUM CHINA HOLDINGS INC 7,392 7,075
    ZIONS BANCORP 37,066 55,203
    ZOETIS INC 8,417 8,041

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    US Government Securities - End of Year Book Value:

    450,468
    US Government Securities - End of Year Fair Market Value:

    451,996
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 OtherExpensesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 6,562     6,562
    Administrative Set-Up Fee 3,500     3,500
    Bank Charges 505 505    


    TY 2018 OtherIncreasesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Description Amount
    RETURNED GRANT 2,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 76,539 76,539    


    TY 2018 TaxesSchedule
    Name:
    Kalscheur Family Foundation
    EIN:
    39-6681490
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 9,840      
    990-PF Excise Tax for 2017 10,099      
    IRS MISCELLANEOUS FEE 235