TY 2018 Form 990PF

- TIN:

Form990-PF
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
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Go 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 Forman S Acton Educational
Foundation Inc

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 181
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Salem, NJ08079

A Employer identification number

47-1997891

B Telephone number (see instructions)

(844) 436-7626

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$32,177,050J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	42		42
4	Dividends and interest from securities...	815,640		815,640
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-2,246,347
b	Gross sales price for all assets on line 6a 12,902,222
7	Capital gain net income (from Part IV, line 2)...			1,432,248
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........	-1,430,665		2,247,930
13	Compensation of officers, directors, trustees, etc.	327,425		21,606	305,819
14	Other employee salaries and wages......	168,059		405	167,654
15	Pension plans, employee benefits.......	38,834		208	38,626
16a	Legal fees (attach schedule).........		61,199	0	61,199
b	Accounting fees (attach schedule).......		28,388	7,097	21,291
c	Other professional fees (attach schedule)....		285,866	213,637	72,229
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		49,700	1,593	36,617
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	34,705		0	34,705
22	Printing and publications..........
23	Other expenses (attach schedule).......		112,348	4,810	107,538
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,106,524		249,356	845,678
25	Contributions, gifts, grants paid.......	789,922			789,922
26	Total expenses and disbursements. Add lines 24 and 25	1,896,446		249,356	1,635,600
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,327,111
b	Net investment income (if negative, enter -0-)			1,998,574
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,415,296	891,427	891,427
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	696,392	905,102	905,102
	b	Investments—corporate stock (attach schedule).......	26,558,524	22,462,649	22,462,649
	c	Investments—corporate bonds (attach schedule).......	6,800,571	7,917,872	7,917,872
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	35,470,783	32,177,050	32,177,050
	17	Accounts payable and accrued expenses..........	6,501	39,879
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	6,501	39,879
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	35,464,282	32,137,171
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	35,464,282	32,137,171
	31	Total liabilities and net assets/fund balances (see instructions).	35,470,783	32,177,050

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

35,464,282

Enter amount from Part I, line 27a .....................

-3,327,111

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

32,137,171

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

32,137,171

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	DU PONT	P	2018-07-19	2018-11-29
b	AT&T INC	P	2016-08-01	2018-06-20
c	AMERN HONDA	P	2016-07-29	2018-07-13
d	BERKSHIRE	P	2016-08-01	2018-05-15
e	DUPONT	P	2016-07-29	2018-07-16
	MARATHON PETE	P	2016-07-29	2018-03-15
	GLOBAL X MSCI NORWAY	P	2018-10-22	2018-11-14
	INV EXCHG FTSE RAFI	P	2018-10-22	2018-11-14
	ISHS MSCI AUSTRALIA	P	2018-10-22	2018-11-14
	ISHS MSCI CANADA	P	2018-10-22	2018-11-14
	ISHS CORE S&P 500	P	2018-08-16	2018-10-22
	ISHS 20+ TRSY	P	2017-11-29	2018-10-22
	ISHS AC ASIA EX JPN	P	2018-10-22	2018-11-14
	ISHS 10-20 TRS	P	2018-05-11	2018-10-22
	ISHS US OIL EQUIP	P	2018-05-30	2018-11-14
	ISHS US OIL EQUIP	P	2018-05-30	2018-11-21
	ISHS MSCI EAFE GRW	P	2018-10-22	2018-11-14
	ISHS FLTG RT BOND	P	2018-03-14	2018-10-22
	ISHS CORE MSCI EAFE	P	2017-03-22	2018-02-06
	ISHS CORE MSCI E/MKT	P	2018-03-22	2018-08-16
	ISHS CORE MSCI E/MKT	P	2018-10-22	2018-11-14
	ISHS MSCI ITALY NEW	P	2018-06-05	2018-10-10
	JPM BETABLDR JAPAN	P	2018-08-09	2018-11-14
	PIMCO ENH SHRT MATY	P	2018-10-22	2018-11-14
	SPDR NYSE TECH	P	2018-10-22	2018-12-18
	SPDR S&P CAP MKTS	P	2018-10-22	2018-11-14
	SPDR BLOOMBERG INVT	P	2017-11-29	2018-10-22
	VNGRD INFO TECH	P	2018-10-22	2018-11-14
	VNGRD INTRM TERM	P	2018-06-27	2018-11-14
	WSDMTR JPN SMCP DIV	P	2018-06-05	2018-11-14
	WSDMTRE EURO HDGD EQ	P	2017-10-25	2018-05-30
	ALPS RIVERFRONT STRT	P	2016-07-18	2018-10-17
	FT UTILS ALPHADX	P	2016-07-18	2018-11-14
	FT SENIOR LOAN FD	P	2017-01-04	2018-11-14
	FLEXSHS TR QLTY DIV	P	2016-12-28	2018-05-09
	GLOBAL X MSCI NORWAY	P	2016-07-18	2018-11-14
	GS ACTIVEBETA LGCP	P	2016-08-12	2018-11-14
	INV QQQ	P	2016-08-12	2018-11-14
	INV AEROSP & DEF	P	2016-07-18	2018-11-14
	ISHS CORE S&P 500	P	2016-11-10	2018-10-22
	ISHS US FINL SVCS	P	2016-11-15	2018-11-14
	ISHS INTL SEL DIV	P	2016-07-18	2018-05-09
	ISHS MSCI EAFE VAL	P	2016-11-10	2018-06-05
	ISHS MSCI EAFE GRW	P	2016-07-18	2018-02-06
	ISHS CORE MSCI EAFE	P	2017-03-22	2018-11-14
	PAYCHEX INC	P	2016-07-18	2018-10-22
	PEPSICO INC	P	2016-07-18	2018-11-14
	PIMCO 15+Y US TIPS	P	2017-07-12	2018-11-14
	PIMCO INVT GRD CORP	P	2016-07-18	2018-11-14
	SPDR NYSE TECH	P	2016-07-18	2018-12-18
	SPDR S&P CAP MKTS	P	2016-07-18	2018-11-14
	SPDR BLACKSTONE GSO	P	2017-01-04	2018-11-14
	HLTHCR SEL SECT SPDR	P	2017-07-20	2018-11-14
	CONS STPLS SEL SPDR	P	2016-07-18	2018-11-14
	CONS DSCR SEL SPDR	P	2016-12-06	2018-11-14
	VNGRD SHRT TRM CORP	P	2016-10-26	2018-10-22
	VNGRD INTRM CORP BD	P	2016-07-18	2018-10-22
	WSDMTR LGCP DIV	P	2016-07-18	2018-11-14
	WSDMTREE INTL HDG DV	P	2016-08-29	2018-10-22
	ISHS AC ASIA EX JPN	P	2018-09-27	2018-10-22
	SELECT COMMN SVC SEL	P	2018-09-20	2018-10-22
	ISHS US FINL SVCS	P	2017-01-11	2018-10-22
	ISHS CORE MSCI EUR	P	2016-07-14	2018-10-22
	HLTHCR SEL SECT SPDR	P	2016-07-14	2018-10-22
	CONS STPLS SEL SPDR	P	2016-07-14	2018-10-22
	CONS DSCR SEL SPDR	P	2016-07-14	2018-10-22
	TECH SEL SECT SPDR	P	2016-07-14	2018-10-22
	VNGRD FTSE ALL WORLD	P	2016-07-14	2018-10-22
	VNGRD FTSE PACIFIC	P	2016-07-14	2018-10-22
	BP PLC SPON ADR	P	2018-11-20	2018-12-17
	BIOGEN INC	P	2018-08-08	2018-12-17
	BLACKHAWK NTWK HLDGS INC	P	2017-04-21	2018-02-09
	BOOZ ALLEN HAMILTON A	P	2018-03-28	2018-12-17
	BOSTON SCIENTIFIC CORP	P	2018-01-04	2018-12-06
	CONDUENT INC	P	2018-01-30	2018-12-17
	DXC TECH CO	P	2018-06-01	2018-12-20
	FIRST AMERN FINL CORP	P	2018-11-21	2018-12-17
	FIRST HAWAIIAN INC	P	2018-09-27	2018-12-17
	HEXCEL CORP	P	2018-12-13	2018-12-17
	JD.COM INC SPON ADR	P	2018-12-17	2018-12-19
	MONDELEZ INTL INC CL A	P	2018-05-10	2018-12-17
	NUVASIVE INC	P	2018-04-10	2018-12-17
	STORE CAPITAL CORP	P	2018-02-09	2018-12-17
	SUPERIOR ENERGY SVCS INC	P	2017-01-24	2018-01-11
	WOODWARD INC	P	2018-02-21	2018-12-17
	EVEREST REINSURANCE GRP	P	2018-06-26	2018-12-17
	AT&T INC	P	2016-07-14	2018-06-25
	ABBOTT LABORATORIES	P	2016-07-14	2018-12-17
	ANALOG DEVICES INC	P	2016-07-14	2018-12-17
	APACHE CORP	P	2016-07-14	2018-11-09
	APPLE INC	P	2016-07-14	2018-10-10
	BWX TECHS INC	P	2016-07-14	2018-12-17
	BAXTER INTL INC	P	2016-07-14	2018-12-17
	BERKSHIRE HATHAWAY B NEW	P	2016-07-14	2018-12-17
	CINEMARK HLDGS INC	P	2016-07-14	2018-12-17
	COMCAST CORP A NEW	P	2016-07-14	2018-12-17
	DXC TECH CO	P	2014-02-18	2018-12-20
	DEVON ENERGY CORP NEW	P	2016-07-14	2018-04-27
	DOLLAR GENL CORP NEW	P	2017-04-21	2018-12-17
	FORD MOTOR CO NEW	P	2016-07-14	2018-04-17
	HAEMONETICS CORP	P	2017-04-11	2018-08-02
	HAIN CELESTIAL GROUP INC	P	2016-12-28	2018-11-12
	HARTFORD FINL SVCS GROUP	P	2016-07-14	2018-11-20
	HEWLETT PACKARD ENTRPRS	P	2014-02-18	2018-11-09
	JOHNSON & JOHNSON	P	2016-07-14	2018-12-17
	METLIFE INC	P	2016-07-14	2018-06-25
	MICROSOFT CORP	P	2016-07-14	2018-12-17
	NEW YORK CMNTY BANCORP	P	2016-07-14	2018-08-01
	PBF ENERGY INC A	P	2016-12-28	2018-01-16
	PAYPAL HLDGS INC	P	2016-07-14	2018-12-17
	PERSPECTA INC	P	2014-02-18	2018-06-04
	PFIZER INC	P	2016-07-14	2018-12-17
	PROCTER & GAMBLE CO	P	2016-07-14	2018-12-17
	SYSCO CORP	P	2016-07-14	2018-12-17
	3M COMPANY	P	2016-07-14	2018-12-17
	TIME WARNER NEW INC	P	2016-07-14	2018-06-15
	UNILEVER N V NY SHS NEW	P	2016-07-14	2018-12-17
	VERIZON COMMNS INC	P	2016-07-14	2018-12-17
	WALMART INC	P	2016-07-14	2018-12-17
	WELLTOWER INC	P	2016-07-14	2018-12-17
	ZIMMER BIOMET HLDGS INC	P	2016-07-14	2018-12-17
	EATON CORP PLC	P	2016-07-14	2018-12-17
	MEDTRONIC PLC	P	2016-07-14	2018-12-17
	CHUBB LTD	P	2016-07-14	2018-12-17
	AUTODESK INC	P	2016-07-14	2018-05-10
	BIOVERATIV INC	P	2016-07-14	2018-01-22
	L3 TECHNOLOGIES INC	P	2016-07-14	2018-10-22
	TWITTER INC	P	2016-07-14	2018-10-22
	UNITEDHEALTH GROUP INC	P	2016-07-14	2018-10-22
	VERTEX PHARMS INC	P	2016-07-14	2018-10-22
	ALLERGAN PLC	P	2016-07-14	2018-10-22
	NVENT ELECTRIC PLC	P	2016-07-14	2018-09-26
	AT&T INC	P	2017-07-28	2018-04-19
	ANHEUSER BUSCH4.9 020146	P	2018-10-26	2018-11-01
	COMCAST CORP	P	2018-10-04	2018-12-18
	UST BOND	P	2017-07-18	2018-04-19
	UST NOTE 2.0	P	2018-01-19	2018-10-04
	UST NOTE 1.125	P	2018-03-21	2018-12-18
	WESTERN DIGIT10.5 040124	P	2017-09-20	2018-02-01
	ANHEUSER BUSCH4.9	P	2017-05-10	2018-11-01
	CAP ONE FINL 3.5	P	2016-07-21	2018-04-13
	DOLLAR TREE 5.75	P	2016-08-15	2018-05-07
	FHLMC G08624	P	2017-01-09	2018-10-04
	FNMA AE3049	P	2016-09-09	2018-01-19
	GS MTN 3.85	P	2017-03-03	2018-04-11
	LKQ CORP	P	2016-09-07	2018-04-24
	LAZARD LLC	P	2016-11-17	2018-02-02
	LIMITED BRAN5.625	P	2016-08-16	2018-01-11
	SPECTRUM BRAN5.75	P	2017-08-17	2018-10-24
	UST BOND 3.0	P	2016-12-29	2018-11-06
	UST NOTE 1.125	P	2017-04-13	2018-12-18
	UST TIPS	P	2017-01-24	2018-04-19
	WELLS FARGO 3.0	P	2016-10-20	2018-03-21

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	118,766	115,750	3,016
b	145,409	155,911	-10,502
c	150,000	150,000	0
d	111,000	111,000	0
e	139,000	139,000	0
	118,498	119,028	-530
	25,182	26,809	-1,627
	1,543	1,562	-19
	1,530	1,533	-3
	1,644	1,681	-37
	82,342	85,047	-2,705
	35,720	39,319	-3,599
	1,933	1,941	-8
	292,453	296,274	-3,821
	161	230	-69
	77,010	103,532	-26,522
	8,822	8,933	-111
	141,463	141,490	-27
	166,606	146,016	20,590
	186,050	208,210	-22,160
	10,903	10,973	-70
	92,260	104,758	-12,498
	14,931	15,609	-678
	3,449	3,452	-3
	72,644	78,729	-6,085
	38,372	38,937	-565
	94,054	94,239	-185
	1,610	1,699	-89
	19,647	19,872	-225
	5,698	6,658	-960
	140,118	138,767	1,351
	318,973	328,752	-9,779
	6,914	6,681	233
	23,793	24,020	-227
	298,222	257,994	40,228
	46,757	37,372	9,385
	25,754	20,795	4,959
	44,743	30,303	14,440
	1,943	1,340	603
	248,136	198,587	49,549
	11,177	8,852	2,325
	68,286	58,903	9,383
	257,440	221,146	36,294
	131,879	108,601	23,278
	496,044	456,196	39,848
	38,418	34,848	3,570
	33,605	31,281	2,324
	6,113	6,470	-357
	224,338	239,267	-14,929
	357,853	254,926	102,927
	58,466	45,363	13,103
	6,144	6,225	-81
	20,548	18,348	2,200
	3,258	3,227	31
	28,535	21,981	6,554
	604,810	620,383	-15,573
	531,523	569,580	-38,057
	137,608	116,804	20,804
	71,164	62,885	8,279
	21,186	23,271	-2,085
	57,765	60,136	-2,371
	214,510	177,208	37,302
	42,401	38,232	4,169
	645,930	534,399	111,531
	175,260	180,563	-5,303
	607,778	438,527	169,251
	678,980	422,119	256,861
	193,023	175,251	17,772
	46,301	40,372	5,929
	891	924	-33
	2,890	3,153	-263
	64,277	59,533	4,744
	11,390	8,926	2,464
	47,439	33,305	14,134
	8,965	13,362	-4,397
	33,399	50,915	-17,516
	715	743	-28
	1,342	1,546	-204
	348	358	-10
	82,082	128,353	-46,271
	19,614	17,592	2,022
	20,097	20,111	-14
	35,127	26,274	8,853
	57,352	87,407	-30,055
	13,049	12,651	398
	4,390	4,602	-212
	142,385	173,188	-30,803
	55,268	34,726	20,542
	17,794	12,188	5,606
	64,664	105,685	-41,021
	90,472	39,965	50,507
	5,664	4,867	797
	43,236	30,953	12,283
	12,615	9,182	3,433
	5,065	4,738	327
	31,850	29,308	2,542
	41,343	42,985	-1,642
	44,509	48,512	-4,003
	31,335	20,941	10,394
	53,560	62,358	-8,798
	209,344	89,750	119,594
	49,008	86,623	-37,615
	53,417	53,867	-450
	58,160	35,432	22,728
	16,285	15,507	778
	72,706	61,181	11,525
	74,968	40,121	34,847
	59,590	83,406	-23,816
	108,709	82,669	26,040
	73,116	34,023	39,093
	8,804	6,389	2,415
	42,193	35,586	6,607
	11,792	10,746	1,046
	14,474	11,689	2,785
	10,238	9,406	832
	64,769	39,405	25,364
	82,881	68,785	14,096
	8,311	8,211	100
	38,384	30,872	7,512
	12,956	13,628	-672
	6,344	7,323	-979
	4,230	3,451	779
	35,341	33,859	1,482
	2,716	2,730	-14
	123,565	52,440	71,125
	59,856	23,073	36,783
	96,468	65,761	30,707
	189,876	116,473	73,403
	247,537	134,122	113,415
	201,687	98,933	102,754
	99,915	129,502	-29,587
	44,603	32,898	11,705
	25,238	25,101	137
	13,982	14,434	-452
	5,035	4,963	72
	46,362	48,342	-1,980
	47,104	48,160	-1,056
	29,973	29,973	0
	29,213	28,911	302
	23,303	27,232	-3,929
	24,621	25,808	-1,187
	31,294	31,294	0
	32,291	34,888	-2,597
	50,755	53,815	-3,060
	25,192	25,497	-305
	29,831	30,320	-489
	15,517	15,597	-80
	26,625	27,188	-563
	24,250	26,176	-1,926
	28,275	30,690	-2,415
	24,978	24,957	21
	30,789	31,419	-630
	27,828	29,830	-2,002

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			3,016
b			-10,502
c			0
d			0
e			0
			-530
			-1,627
			-19
			-3
			-37
			-2,705
			-3,599
			-8
			-3,821
			-69
			-26,522
			-111
			-27
			20,590
			-22,160
			-70
			-12,498
			-678
			-3
			-6,085
			-565
			-185
			-89
			-225
			-960
			1,351
			-9,779
			233
			-227
			40,228
			9,385
			4,959
			14,440
			603
			49,549
			2,325
			9,383
			36,294
			23,278
			39,848
			3,570
			2,324
			-357
			-14,929
			102,927
			13,103
			-81
			2,200
			31
			6,554
			-15,573
			-38,057
			20,804
			8,279
			-2,085
			-2,371
			37,302
			4,169
			111,531
			-5,303
			169,251
			256,861
			17,772
			5,929
			-33
			-263
			4,744
			2,464
			14,134
			-4,397
			-17,516
			-28
			-204
			-10
			-46,271
			2,022
			-14
			8,853
			-30,055
			398
			-212
			-30,803
			20,542
			5,606
			-41,021
			50,507
			797
			12,283
			3,433
			327
			2,542
			-1,642
			-4,003
			10,394
			-8,798
			119,594
			-37,615
			-450
			22,728
			778
			11,525
			34,847
			-23,816
			26,040
			39,093
			2,415
			6,607
			1,046
			2,785
			832
			25,364
			14,096
			100
			7,512
			-672
			-979
			779
			1,482
			-14
			71,125
			36,783
			30,707
			73,403
			113,415
			102,754
			-29,587
			11,705
			137
			-452
			72
			-1,980
			-1,056
			0
			302
			-3,929
			-1,187
			0
			-2,597
			-3,060
			-305
			-489
			-80
			-563
			-1,926
			-2,415
			21
			-630
			-2,002

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,432,248
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 ...................		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? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	1,429,411	33,801,226	0.042289
2016	1,220,347	24,734,482	0.049338
2015	1,036,560	5,977,223	0.173418
2014	90,925	105,741	0.859884
2013

Total of line 1, column (d) .....................

1.124929

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 ......

0.281232

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

34,920,689

Multiply line 4 by line 3......................

9,820,815

Enter 1% of net investment income (1% of Part I, line 27b)...........

19,986

Add lines 5 and 6........................

9,840,801

Enter qualifying distributions from Part XII, line 4,.............

1,635,600

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)

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 and enter “N/A" on line 1.
	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	39,971
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	39,971
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	39,971
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	26,214
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	13,786
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	40,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	29
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax29	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.formanscholars.org

The books are in care of bullet

The Forman S Acton Educational Foundation Telephone no. bullet

(844) 436-7626

Located at bullet

205 E BroadwaySalemNJ ZIP+4 bullet

08079

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
Kathryn Markovchick	Trustee and President/CEO 27.00	113,339	16,538
205 E Broadway Salem,NJ08079	Trustee and President/CEO 27.00	113,339	16,538
Jean Blauvelt	Chairperson 4.00	0	0
205 E Broadway Salem,NJ08079	Chairperson 4.00	0	0
Helen Reinhart	Secretary & Trustee 2.00	0	0
205 E Broadway Salem,NJ08079	Secretary & Trustee 2.00	0	0
Darrell Edmonds	Trustee 2.00	0	0
205 E Broadway salem,NJ08079	Trustee 2.00	0	0
Najwa Tatum	Trustee 2.00	0	0
205 E Broadway salem,NJ08079	Trustee 2.00	0	0
Laurence Van Meter	Trustee 2.00	0	0
205 E Broadway Salem,NJ08079	Trustee 2.00	0	0
Steve Waddington	Trustee 2.00	0	0
205 E Broadway salem,NJ08079	Trustee 2.00	0	0
Karen Washington	Trustee 2.00	0	0
205 E Broadway salem,NJ08079	Trustee 2.00	0	0

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
Kortney Swanson Davis	COO 40.00	130,000	17,202	0
205 E Broadway Salem,NJ08079	COO 40.00	130,000	17,202	0
William Wilson	Scholarship Director 40.00	99,999	16,000	0
205 E Broadway Salem,NJ08079	Scholarship Director 40.00	99,999	16,000	0
Joyce Elwell	Acorn Fund Coordinat 40.00	47,865	12,862	0
205 E Broadway Salem,NJ08079	Acorn Fund Coordinat 40.00	47,865	12,862	0
Kim Smith	Administrative/Finan 40.00	42,500	7,846	0
205 E Broadway Salem,NJ08079	Administrative/Finan 40.00	42,500	7,846	0


Total number of other employees paid over $50,000...................				0

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
Janney Montgomery Scott LLC	CONSULTANTS	213,637
1717 Arch Street Philadelphia,PA19103	CONSULTANTS	213,637

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	Grants to support students living in or attending public school in Salem City, NJ and related programmatic expenses, providing educational enhancing activities to preschool, elementary, middle and high school students.	1,008,843
2	Scholarships awarded to high school seniors and early scholarship account funding for Salem City students.	626,756
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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

35,395,892

Average of monthly cash balances.......................

56,584

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

35,452,476

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

35,452,476

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

531,787

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

34,920,689

Minimum investment return. Enter 5% of line 5..................

1,746,034

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.)

Minimum investment return from Part X, line 6....................

1,746,034

Tax on investment income for 2018 from Part VI, line 5......

39,971

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

39,971

Distributable amount before adjustments. Subtract line 2c from line 1............

1,706,063

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,706,063

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,706,063

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,635,600

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,635,600

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,635,600

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					1,706,063
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......
b From 2014......
c From 2015......	590,859
d From 2016......	30,636
e From 2017......
fTotal of lines 3a through e........		621,495
4Qualifying distributions for 2018 from Part
XII, line 4: $ 1,635,600
a Applied to 2017, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					1,635,600
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		70,463			70,463
(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		551,032
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		551,032
10 Analysis of line 9:
a Excess from 2014....
b Excess from 2015....	520,396
c Excess from 2016....	30,636
d Excess from 2017....
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Kortney Swanson-Davis
via Email
Salem,NJ08079
(844) 436-7626
grants@formanscholars.org

bThe form in which applications should be submitted and information and materials they should include:

The Foundation requires the grantee to complete a grant application on a form provided by the Foundation. The grant application requires the grantee to identify the purposes of the grant, the problem it is meant to address, the research suggesting the grant will be successful in addressing the problem and the indicators to be studied to demonstrate success. The application can be submitted to grants@formanscholars.org.

cAny submission deadlines:

Submission deadlines may be established.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

All scholarships are paid directly to the college to the account of the student to be used only for the cost of attendance as established by the college and are required to be the last dollars that do not replace other grant assistance provided to the student.

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Rick Wilson
via email
Salem,NJ08079
(844) 436-7626
scholarships@formanscholars.org

bThe form in which applications should be submitted and information and materials they should include:

Scholarship applicants can apply online at our portal at https://formanscholars.communityforce.com/Login.aspx

cAny submission deadlines:

Scholarship deadlines are dependent on the type of scholarship. See portal referenced above.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

All scholarships are paid directly to the college to the account of the Student and are required to be last dollars that do not replace other grant assistance provided to the Student.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
American University 440 Massachusetts Ave NW Washington DC,DC20016		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
Bucknell University 1 Dent Drive Lewisburg,PA17837		PC	The scholarship is awarded to a student via the university to pursue higher education.	3,456
Cairn University 200 Manor avenue Langhorne,PA19047		PC	The scholarship is awarded to a student via the university to pursue higher education.	10,670
Camden County College PO Box 200 Blackwood,NJ08012		PC	The scholarship is awarded to a student via the university to pursue higher education.	790
Community Foundation of South Jersey 14 Kings Highway Suite 102 Haddonfield,NJ08033		PC	This grant is awarded to a public charity to fund college costs via a Section 529 college savings account/early scholarship available to all children living in or attending public school in Salem City, NJ.	350,000
Delaware University 1 Dell Way Round Rock,TX78682		PC	The scholarship is awarded to a student via the company to pursue higher education.	1,925
Delaware University 1200 N Dupont Highway Dover,DE19901		PC	The scholarship is awarded to a student via the university to pursue higher education.	10,048
East Stroudsburg University 200 Prospect St East Stroudsburg,PA18301		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
George Washington University 2121 I Street NW Washington,DC20052		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
Georgia Tech University North Ave NW Atlanta,GA30332		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
Kutztown University 15200 Kutztown Road Kutztown,PA19530		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
Messiah College One College ave suite 4516 Mechanicsburg,PA17055		PC	The scholarship is awarded to a student via the university to pursue higher education.	10,000
Middlesex County College 2600 Woodbridge Ave Edison,NJ08818		PC	The scholarship is awarded to a student via the university to pursue higher education.	2,652
One Village Alliance 75 Westside court Salem,NJ08079		PC	Grant to provide funding for One Village Alliance who fosters a community-based, people-fueled approach with a mission to uplift children and their families on a holistic journey toward excellence through education, entrepreneurship and the arts.	75,000
Penn State University Office of the Bursar 103 Shields Building State College,PA16801		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
Rowan University (STEAM Academy) 40 N Academy Street Shpeen Hall Glassboro,NJ08028		PC	STEAM Summer Program	100,000
Rowan University CASE 201 Mullica Hill Road Glassboro,NJ08028		PC	Grants for program evaluation.	97,856
Rowan University 201 Mullica Hill Road Glassboro,NJ08028		PC	The scholarship is awarded to a student via the university to pursue higher education.	29,971
Rutgers University- New Brunswick 10 Seminary Place New Brunswick,NJ08901		PC	The scholarship is awarded to a student via the university to pursue higher education.	16,940
Salisbury University 1101 Camden Ave Salisbury,MD21801		PC	The scholarship is awarded to a student via the university to pursue higher education.	10,000
South Jersey Robotics - It's a Girls World PO Box 584 Alloway,NJ08001		PC	This grant is awarded to a public charity to provide funding for the STEM summer program.	3,900
St Joseph's University 5600 City Avenue Philadelphia,PA19131		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
Stockton University 101 Vera King Paris Dr Galloway,NJ08205		PC	The scholarship is awarded to a student via the university to pursue higher education.	10,999
The George Washington University 800 21st Street NW Washington,DC20052		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,000
University of Scranton Bursars Office 800 Linden Street Scranton,PA18510		PC	The scholarship is awarded to a student via the university to pursue higher education.	10,000
University of Tampa 401 w Kennedy Blvd Box L Tampa,FL33606		PC	The scholarship is awarded to a student via the university to pursue higher education.	5,715
Total ................................. 3a				789,922

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	42
4 Dividends and interest from securities....			14	815,640
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	-2,246,347
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		-1,430,665	0

13Total. Add line 12, columns (b), (d), and (e)..................

-1,430,665

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting fees	28,388	7,097		21,291

- TIN:

TY 2018 GeneralExplanationAttachment

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Identifier	Return Reference	Explanation
	Form 990-PF, Part I, Line 6a and Part XVI-A, Line 8	The loss of 2,246,347 reported on Form 990-PF, Part 1, Line 6a and Part XVI-A, Line 8 is the unrealized loss due to market performance at the end of 2018.
	Form 990-PF, Part II, Lines 10a, 10b and 10c	The total fair market value of the investments reported on Form 990-PF, Part II, Lines 10a, 10b and 10c in the amount of $31,285,623 were allocated between the following asset classes at December 31, 2018: U.S. Equity - 47%International Equity - 17% Fixed Income - 33% Alternative Investments - 0% Cash and equivalents - 3% The above allocations are in line with an approved investment policy at the Foundation.

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Ace Ina Hldgs Inc Sr Note Coupon:2.875% Maturity Date:2022-11-03	117,992	117,992
Actavis Fdg Scs Gtd Note Coupon:3.800% Maturity 00507UAS0 Date:2025-03-15	147,409	147,409
Aflac Inc Sr Note Coupon:3.625% Maturity Date: 001055AL6 2023-06-15	147,488	147,488
Air Lease Corp Sr Note Coupon:3.250% Maturity Date:2025-03-01	113,927	113,927
Amc Networks Inc Sr Note Coupon:5.000% Maturity Date:2024-04-01	23,688	23,688
American Intl Grp Inc Sr Note Coupon:3.750% Maturity Date:2025-07-10	43,085	43,085
Anheuser Busch Inbev Worldwide Inc Gtd Note Coupon:4.600% Maturity Date:2048	40,332	40,332
Anheuserbusch Inbev Worldwide Inc Gtd Note Coupon:3.500% Maturity Date:2024-	132,050	132,050
At&T Inc Glbl Note Coupon:5.250% Maturity Date:2037-03-01	44,200	44,200
Autonation Inc Sr Note Coupon:3.500% Maturity Date:2024-11-15	41,632	41,632
Avalonbay Cmntys Inc Medium Term Note Coupon:2.950% Maturity Date:2026-05-11	151,007	151,007
Banc Amer Corp Sr Note Fxd/Var Coupon:4.244% Maturity Date:2038-04-24	23,783	23,783
Barclays Bank Plc Sub Note Coupon:5.140% Maturity 06739GBP3 Date:2020-10-1	112,201	112,201
Boston Pptys Lp Sr Note Coupon:3.800% Maturity Date:2024-02-01	147,457	147,457
Capital One Finl Corp Sr Note Coupon:2.500% Maturity Date:2020-05-12	132,266	132,266
Caterpillar Finl Svcs Medium Term Note Coupon:2.250% Maturity Date:2019-12-0	149,929	149,929
Celgene Corp Sr Note Coupon:3.250% Maturity Date:2022-08-15	146,285	146,285
Central Garden & Pet Co Sr Note Coupon:5.125% Maturity Date:2028-02-01	40,267	40,267
Cit Grp Inc Sr Note Coupon:5.000% Maturity Date: 2022-08-15	40,436	40,436
Citigroup Inc Note Coupon:5.875% Maturity Date: 2042-01-30	45,208	45,208
Citigroup Inc Sub Note Coupon:4.000% Maturity Date:2024-08-05	112,627	112,627
Comcast Corp New Unsecd Note Coupon:4.150% Maturity Date:2028-10-15	40,617	40,617
Conagra Brands Inc Sr Note Coupon:5.400% Maturity Date:2048-11-01	41,444	41,444
Constellaton Brands Inc Sr Note Coupon:3.875% Maturity Date:2019-11-15	35,130	35,130
Crown Castle Intl Corp Sr Note Coupon:5.250% Maturity Date:2023-01-15	46,729	46,729
Csx Corp Note Coupon:3.250% Maturity Date: 2027-06-01	113,844	113,844
Cvs Health Corp Sr Note Coupon:3.125% Maturity Date:2020-03-09	44,911	44,911
Cvs Hlth Corp Sr Note Coupon:2.875% Maturity Date:2026-06-01	147,553	147,553
Diamondback Energy Inc Sr Note Coupon:4.750% Maturity Date:2024-11-01	43,425	43,425
Dowdupont Inc Unsecd Note Coupon:4.205% Maturity Date:2023-11-15	132,880	132,880
Duke Energy Corp New Sr Note Coupon:3.750% Maturity Date:2024-04-15	45,071	45,071
Ecolab Inc Note Coupon:2.700% Maturity Date: 2026-11-01	116,631	116,631
Edison Intl Sr Note Coupon:4.125% Maturity Date:2028-03-15	110,736	110,736
Enterprise Prods Oper LLC Gtd Sr Note Coupon:4.250% Maturity Date:2048-02-15	13,296	13,296
Erp Operating Lp Note Coupon:4.625% Maturity Date:2021-12-15	144,847	144,847
Etrade Finl Corp Sr Note Coupon:3.800% Maturity Date:2027-08-24	37,764	37,764
Exelon Corp Note Coupon:2.450% Maturity Date: 2021-04-15	114,431	114,431
Fedex Corp Note Coupon:3.250% Maturity Date: 2026-04-01	144,295	144,295
Ford Motor Co Bond Coupon:6.625% Maturity Date:2028-10-01	102,001	102,001
Genl Mills Inc Note Coupon:2.200% Maturity Date: 2019-10-21	149,852	149,852
Genl Motors Finl CO Inc Sr Note Coupon:5.250% Maturity Date:2026-03-01	44,033	44,033
Genl Mtrs Finl CO Inc Sr Note Coupon:2.350% Maturity Date:2019-10-04	132,833	132,833
Goldman Sachs Grp Inc Note Var Coupon:0.000% Maturity Date:2022-04-26	44,494	44,494
Hartford Finl Svcs Grp Sr Note Coupon:5.500% Maturity Date:2020-03-30	140,580	140,580
Hca Inc Sr Secd Note Coupon:6.500% Maturity Date:2020-02-15	46,125	46,125
Health Care REIT Inc Note Coupon:4.000% Maturity Date:2025-06-01	44,411	44,411
Huntington Bancshares Inc Sr Note Coupon:3.150% Maturity Date:2021-03-14	44,800	44,800
Intel Corp Sr Note Coupon:2.450% Maturity Date: 2020-07-29	147,407	147,407
Intl Lease Fin Corp Sr Note Coupon:8.625% Maturity Date:2022-01-15	38,912	38,912
John Deere Cap Corp Medium Term Note Coupon:3.125% Maturity Date:2021-09-10	132,246	132,246
Jpmorgan Chase & Co Note Var Coupon:0.000% Maturity Date:2023-10-24	44,989	44,989
Kinder Morgan Energy Prtnrs LP Sr Note Coupon:4.250% Maturity Date:2024-09-0	44,730	44,730
Kinder Morgan Inc Sr Note Coupon:4.300% Maturity Date:2028-03-01	116,470	116,470
Lamar Media Corp Sr Sub Note Coupon:5.000% Maturity 513075BE0 Date:2023-05-0	44,775	44,775
Lazard Llc Sr Note Coupon:3.750% Maturity Date:2025-02-13	43,648	43,648
Lennar Corp Sr Note Coupon:4.500% Maturity Date:2024-04-30	42,525	42,525
Lockheed Martin Corp Note Coupon:2.900% Maturity Date:2025-03-01	147,809	147,809
Lowes Cos Inc Note Coupon:3.875% Maturity Date: 2023-09-15	143,051	143,051
Marriott Intl Inc New Note Ser P Coupon:3.750% Maturity Date:2025-10-01	114,538	114,538
Mastec Inc Sr Note Coupon:4.875% Maturity Date: 2023-03-15	24,250	24,250
Morgan Stanley Sub Note Coupon:4.100% Maturity Date:2023-05-22	114,164	114,164
Newmont Mining Sr Note Coupon:3.500% Maturity Date:2022-03-15	146,455	146,455
Nextera Energy Cap Hldgs Inc Gtd Debenture Coupon:3.550% Maturity Date:2027-	112,602	112,602
Noble Energy Inc Notes Coupon:3.850% Maturity Date:2028-01-15	128,385	128,385
Occidental Pete Corp Sr Note Coupon:3.000% Maturity Date:2027-02-15	117,691	117,691
Oracle Corp Note Coupon:3.400% Maturity Date: 2024-07-08	146,707	146,707
Qualcomm Inc Note Coupon:3.000% Maturity Date: 2022-05-20	147,570	147,570
Realty Income Corp Note Coupon:3.000% Maturity Date:2027-01-15	119,938	119,938
Regions Finl Corp New Sr Note Coupon:3.200% Maturity Date:2021-02-08	44,712	44,712
Republic Svcs Inc Note Coupon:3.375% Maturity Date:2027-11-15	113,995	113,995
Reynolds Amern Inc Sr Note Coupon:4.850% Maturity Date:2023-09-15	139,652	139,652
Royal Caribbean Cruises Ltd Sr Note Coupon:5.250% Maturity Date:2022-11-15	47,268	47,268
Schwab Charles Corp New Sr Note Coupon:3.200% Maturity Date:2028-01-25	135,126	135,126
Southern Co Sr Note Coupon:2.950% Maturity Date:2023-07-01	19,314	19,314
Tanger Pptys Ltd Prtnrship Sr Note Coupon:3.125% Maturity Date:2026-09-01	40,124	40,124
Target Corp Note Coupon:3.875% Maturity Date: 2020-07-15	143,116	143,116
Tesoro Logistics Lp Sr Note Coupon:5.250% Maturity Date:2025-01-15	45,809	45,809
Thomson Reuters Corp Gtd Note Coupon:3.350% 884903BV6 Maturity Date:2026-05-	144,745	144,745
Time Warner Inc New Note Coupon:3.600% Maturity 887317AW5 Date:2025-07-15	106,077	106,077
Toyota Mtr Cr Corp Medium Term Note Coupon:2.800% 89236TCQ6 Maturity Date:20	147,036	147,036
United Parcel Service Inc Sr Note Coupon:3.125% Maturity Date:2021-01-15	146,188	146,188
United Rent Na Inc Sr Note Coupon:5.875% Maturity Date:2026-09-15	42,413	42,413
Unitedhealth Group Inc Note Coupon:2.300% Maturity 91324PCG5 Date:2019-12-1	150,006	150,006
Verizon Commns Inc Note Coupon:4.150% Maturity 92343VBY9 Date:2024-03-15	109,296	109,296
Walt Disney Co Medium Term Note Coupon:2.300% 25468PDJ2 Maturity Date:2021-0	148,131	148,131

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M Company	83,266	83,266
Abbott Laboratories	88,749	88,749
Allergan Plc	243,529	243,529
Amc Networks Inc Cl A	62,728	62,728
Anadarko Petroleum Corp	187,241	187,241
Analog Devices Inc	83,598	83,598
Apple Inc	108,210	108,210
Autodesk Inc	192,786	192,786
Baxter International Inc	86,290	86,290
Bb&T Corp	108,473	108,473
Berkshire Hathaway Inc De Cl B New	131,492	131,492
Biogen Inc	427,908	427,908
Booz Allen Hamilton Holding Corp Cl A	79,774	79,774
Boston Scientific Corp	87,078	87,078
Bp Plc Spon Adr	83,955	83,955
Broadcom Ltd	255,043	255,043
Bwx Technologies Inc	105,821	105,821
Cdk Global Inc	57,504	57,504
Chubb Ltd	114,453	114,453
Cinemark Holdings Inc	76,827	76,827
Citrix Systems Inc	137,194	137,194
Comcast Corp Cl A New	514,019	514,019
Conduent Inc	54,649	54,649
Consumer Discretionary Select Sector SPDR ETF ETF	626,832	626,832
Cree Inc	94,319	94,319
Discovery Inc Ser A	80,281	80,281
Dolby Laboratories Inc	163,443	163,443
Dollar General Corp New	58,796	58,796
Dowdupont Inc.	115,303	115,303
Eaton Corp Plc	83,559	83,559
Ebay Inc	55,719	55,719
Everest Reinsurance Group Ltd	85,580	85,580
Federated Invs Inc Pa Cl B Non Vtg	89,659	89,659
First American Financial Corp	114,234	114,234
First Hawaiian Inc	81,351	81,351
First Trust Senior Loan Fund ETF	160,777	160,777
First Trust Utilities Alphadex ETF	57,952	57,952
Fluor Corp New	109,770	109,770
Freeport Mcmoran Inc	113,606	113,606
Gci Liberty Inc Cl A	23,214	23,214
Glaxosmithkline Plc Sponsored Adr	117,190	117,190
Global X U S Infrastructure Development ETF	72,092	72,092
Goldman Sachs Activebeta U S Large Cap Equity ETF	722,315	722,315
Hexcel Corp New	56,824	56,824
Huntington Bancshres Inc	85,264	85,264
Huntsman Corp	55,324	55,324
Immunogen Inc	53,645	53,645
Invesco Aerospace & Defense ETF	77,043	77,043
Invesco Exchange FTSE Rafi Emerging Markets ETF	58,084	58,084
Invesco Exchange S&P 500 Equal Weight Energy ETF	66,694	66,694
Invesco Qqq ETF	518,622	518,622
Ionis Pharmaceuticals Inc	186,345	186,345
Ishares 20+ Yr Treasury Bond ETF	63,671	63,671
Ishares 7-10Yr Treasury Bond ETF	202,982	202,982
Ishares Core Msci Eafe ETF	273,570	273,570
Ishares Core Msci Emerging Markets ETF	378,002	378,002
Ishares Core Msci Europe ETF	300,800	300,800
Ishares Core S&P 500 ETF	356,028	356,028
Ishares Msci All Country Asia Ex Japan ETF	219,877	219,877
Ishares Msci Australia ETF	51,436	51,436
Ishares Msci Canada ETF	51,945	51,945
Ishares Msci Eafe Growth ETF	537,710	537,710
Ishares Technology ETF	61,573	61,573
Ishares U S Financial Services ETF	771,519	771,519
Ishares U S Medical Devices ETF	79,325	79,325
Johnson & Johnson	113,564	113,564
Johnson Controls Intl Plc	147,183	147,183
Jpmorgan Betabuilders Japan ETF	105,537	105,537
L3 Communications Hldgs Inc	198,667	198,667
Lamar Advertising Company New Cl A	85,576	85,576
Liberty Broadband Corp Ser A	8,904	8,904
Liberty Broadband Corp Ser C	17,431	17,431
Liberty Formula One Ser C	10,377	10,377
Liberty Media Corp Del Ser A Siriusxm Group	32,126	32,126
Liberty Media Corp Del Ser C Siriusxm Group	65,455	65,455
Liberty Media Corp Liberty Formula One	6,687	6,687
Lions Gate Entertainment Corp Cl B Non Voting	17,365	17,365
Logmein Inc	18,761	18,761
M&T Bank Corp	110,639	110,639
Medtronic Plc	227,400	227,400
Microsoft Corp	111,219	111,219
Mondelez International Inc Cl A	79,179	79,179
Now Inc	33,046	33,046
Nuance Communication Inc	88,906	88,906
Nucor Corp	127,349	127,349
Nuvasive Inc	103,779	103,779
Occidental Petroleum Corp	107,538	107,538
Paypal Holdings Inc	113,522	113,522
Pentair Plc	60,184	60,184
Pfizer Inc	114,232	114,232
Pimco 15+ Yr U S Tips Index ETF	75,367	75,367
Pimco Enhanced Short Maturity Active ETF	95,600	95,600
Pimco Investment Grade Corporate Bond Index ETF	339,147	339,147
Pioneer Natural Resources Co	82,200	82,200
Ppl Corp	133,633	133,633
PROCTER & GAMBLE COMPANY	83,555	83,555
Qurate Retail Inc Ser A	117,179	117,179
Royal Dutch Shell Plc Sponsored ADR Repstg B Shares	115,504	115,504
Sabra Health Care Reit Inc	76,039	76,039
Seagate Technology Plc	237,637	237,637
Sector Consumer Staples Select Sector SPDR ETF	734,787	734,787
Sector Healthcare Select Sector SPDR ETF	1,162,089	1,162,089
Sector Technology Select Sector Spdr	766,321	766,321
Select Sector Communication Services Select Sector SPDR ETF	390,468	390,468
Spdr Blackstone Gso Sr Ln ETF	161,322	161,322
Spdr Bloomberg Barclays Invt Grade Fltg Rate ETF	116,864	116,864
Store Capital Corp	79,749	79,749
Sysco Corp	83,463	83,463
Te Connectivity Ltd	259,184	259,184
Twitter Inc	184,712	184,712
Unilever N V New York Shares New	112,388	112,388
United Bankshares Inc Wv	84,650	84,650
United Parcel Service Inc Cl B	56,762	56,762
Unitedhealth Group Inc	414,037	414,037
Vanguard Ftse All World Ex Us ETF	1,386,772	1,386,772
Vanguard FTSE Pacific ETF	301,634	301,634
Vanguard Information Technology ETF	43,209	43,209
Vanguard Intermediate Term Corp Bond ETF	548,635	548,635
Vanguard Total Bond Market ETF	66,220	66,220
Verizon Communications Inc	113,902	113,902
Vertex Pharmaceuticals Inc	145,162	145,162
Wal-Mart Stores Inc	116,810	116,810
Weatherford Intl Plc	27,181	27,181
Wells Fargo & CO New	84,188	84,188
Welltower Inc	110,362	110,362
Western Digital Corp	105,106	105,106
Wisdomtree Japan Small Cap Dividend ETF	220,858	220,858
Wisdomtree U S Large Cap Dividend ETF	57,173	57,173
Woodward Inc	83,353	83,353
Zimmer Biomet Holdings Inc	81,939	81,939

- TIN:

TY 2018 InvestmentsGovtObligationsSch

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

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

905,102

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

905,102

- TIN:

TY 2018 LegalFeesSchedule

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal fees	61,199	0		61,199

- TIN:

TY 2018 OtherExpensesSchedule

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Operations	81,259	4,810	76,449
Telecommunication	10,119	0	10,119
Scholarship events	8,862	0	8,862
Facility rental	12,108	0	12,108

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment fees	213,637	213,637		0
Website, Social Media, Marketing, Board Strategic Planning	72,229	0		72,229

- TIN:

TY 2018 TaxesSchedule

Name:

The Forman S Acton Educational

Foundation Inc

EIN:

47-1997891

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Federal excise tax	11,490	0		0
Payroll taxes	38,210	1,593		36,617