Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
The Smang 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

26-1458985
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$6,037,562J 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 523 523  
4 Dividends and interest from securities... 210,499 210,499  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -83,063
b Gross sales price for all assets on line 6a 5,184,692
7 Capital gain net income (from Part IV, line 2)... 0
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........ 127,959 211,022  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 35,667 35,667    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,332 4,932    
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 22,533 2,508   20,025
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 69,532 43,107   20,025
25 Contributions, gifts, grants paid....... 550,000 550,000
26 Total expenses and disbursements. Add lines 24 and 25 619,532 43,107   570,025
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -491,573
b Net investment income (if negative, enter -0-) 167,915
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......... 65,748 58,595 58,595
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) 659,592 Click to see attachment517,388 518,466
b Investments—corporate stock (attach schedule)....... 4,993,043 Click to see attachment4,408,871 4,758,764
c Investments—corporate bonds (attach schedule)....... 470,303 Click to see attachment450,917 436,256
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment261,342 265,481
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) 6,188,686 5,697,113 6,037,562
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 6,188,686 5,697,113
30 Total net assets or fund balances (see instructions)..... 6,188,686 5,697,113
31 Total liabilities and net assets/fund balances (see instructions). 6,188,686 5,697,113
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
6,188,686
2
Enter amount from Part I, line 27a .....................
2
-491,573
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,697,113
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
5,697,113
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 5,184,692   5,267,755 -83,063
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       -83,063
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 -83,063
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 595,025 6,832,442 0.087088
2016 413,663 4,007,862 0.103213
2015 264,764 2,439,091 0.10855
2014 299,712 1,982,162 0.151205
2013 107,955 897,107 0.120337
2
Total of line 1, column (d) .....................
2
0.570393
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
0.114079
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,603,225
5
Multiply line 4 by line 3......................
5
753,289
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,679
7
Add lines 5 and 6........................
7
754,968
8
Enter qualifying distributions from Part XII, line 4,.............
8
570,025
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 3,358
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 3,358
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 3,358
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 8,035
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,035
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,677
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet3,400 RefundedBullet 11 1,277
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)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Benjamin Smith Pres, Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Diane Tang Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,405,589
    b
    Average of monthly cash balances.......................
    1b
    81,024
    c
    Fair market value of all other assets (see instructions)................
    1c
    217,169
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,703,782
    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
    6,703,782
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    100,557
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,603,225
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    330,161
    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
    330,161
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    3,358
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,358
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    326,803
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    326,803
    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
    326,803
    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
    570,025
    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
    570,025
    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
    570,025
    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 7 326,803
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 64,348
    b From 2014...... 243,248
    c From 2015...... 143,491
    d From 2016...... 310,073
    e From 2017...... 256,151
    fTotal of lines 3a through e........ 1,017,311
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 570,025
    a Applied to 2017, but not more than line 2a  
    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..... 326,803
    e Remaining amount distributed out of corpus 243,222
    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 1,260,533
    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 ..........     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		64,348
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,196,185
    10 Analysis of line 9:
    a Excess from 2014.... 243,248
    b Excess from 2015.... 143,491
    c Excess from 2016.... 310,073
    d Excess from 2017.... 256,151
    e Excess from 2018.... 243,222
    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).)
    Benjamin Smith
    Diane Tang
    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
    CENTER FOR EXCELLENCE IN EDUCATION
    8201 GREENSBORO DR STE 215
    MCLEAN,VA22102     		N/A PC General & Unrestricted 50,000
    CODE ORG
    1501 4TH AVE STE 900
    SEATTLE,WA98101     		N/A PC General & Unrestricted 250,000
    SYNAPSE SCHOOL
    3375 EDISON WAY
    MENLO PARK,CA94025     		N/A PC General & Unrestricted 250,000
    Total .................................bullet 3a 550,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 523  
    4 Dividends and interest from securities....     14 210,499  
    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 -83,063  
    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)..   127,959  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    127,959
    (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


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2018 DepreciationSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    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:
    The Smang Family Foundation
    EIN:
    26-1458985
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CR CORP BOND 13,213 12,692
    ANHEUSER BUSCH COS INC - 4.900 2,156 1,855
    APPLE INC - 3.000% - 02/09/202 27,057 26,574
    AT&T - 4.250% - 03/01/2027 26,501 25,444
    AT&T BONDS - 5.000% - 03/01/20 13,449 12,408
    BERKSHIRE HATHAWAY INC - 0.000 13,498 12,762
    BP GROUP PLC - 3.279% - 09/19/ 13,924 13,333
    CISCO SYSTEMS - 4.950% - 02/15 14,158 13,028
    CITIGROUP INC BND - 3.300% - 0 27,393 25,641
    COMCAST CORP NOTE - 3.550% - 0 26,604 27,026
    CVS CAREMARK CORP NOTE - 4.300 26,817 26,395
    CVS HEALTH CORP BOND - 2.800% 16,689 15,856
    DEERE JOHN CAP CORP - 2.250% - 16,418 15,964
    DISNEY WALT CO - 2.350% - 12/0 14,444 13,597
    ENTERPRISE PROD - 3.750% - 02/ 13,021 12,863
    ENTERPRISE PRODUCTS BD - 5.200 13,434 12,369
    GOLDMAN SACHS GROUP INC NOTE - 1,979 1,891
    HOME DEPOT INC - 2.000% - 04/0 13,259 12,743
    JPMORGAN CHASE & CO - 3.875% - 3,073 3,017
    LOCKHEED MARTIN CORP NOTE - 2. 13,435 12,849
    MICROSOFT CORP - 3.750% - 02/1 1,956 1,935
    MORGAN STANLEY FR - 3.700% - 1 28,172 26,552
    ORACLE CORP - 2.950% - 05/15/2 14,448 13,397
    SHIRE ACQUISITIONS INVESTMENTS 14,000 13,538
    SOUTHERN CO - 3.250% - 07/01/2 1,904 1,874
    TORONTO DOMINION BANK - 3.250% 26,011 26,107
    VERIZON COMMUNICATIONS - 3.376 25,768 26,201
    VISA INC - 4.300% - 12/14/2045 2,103 2,067
    WAL-MART STORES INC - 3.700% - 26,033 26,278

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 607 572
    A P MOLLAR MAERSK A 1,116 1,161
    ABBOTT LABS 5,855 10,199
    ABBVIE INC 6,959 10,417
    ACCENTURE PLC 5,993 7,474
    ACCOR SA 1,508 1,587
    ACTIVISION BLIZZARD INC 1,043 1,025
    ADIDAS AG 4,712 4,487
    ADOBE SYSTEMS, INC 3,909 8,823
    ADVANSIX INC 46 73
    AEGON N V ORD AMER REG 980 1,107
    AERCAP HOLDING N.V 3,188 2,534
    AGEAS SPONS ADR 2,368 3,085
    AGILENT TECHNOLOGIES INC 553 540
    AIA GROUP LTD ADR 5,460 7,036
    AIRBUS GROUP 2,994 5,065
    AKZO NOBEL NV-ADR 2,201 1,945
    ALBEMARLE CP 530 462
    ALEXION PHARMACEUTICALS, INC 577 487
    ALFA LAVAL AB 3,143 3,225
    ALIGN TECHNOLOGY, INC 1,050 1,047
    ALLIANZ SE ADR 5,187 7,150
    ALLSTATE CORP 3,670 4,379
    ALPHABET INC CL C 21,718 28,997
    ALUMINA LTD ADS 1,200 1,883
    AMAZON COM 15,831 31,540
    AMCOR LTD 3,636 3,497
    AMER EQ INV LIFE HLD 1,347 2,012
    AMERICAN EAGLES OUTFITTERS INC 1,373 1,160
    AMERICAN EXPRESS CO 1,014 1,334
    AMERICAN TOWER REIT INC 2,965 4,113
    AMERIPRISE FINANCIAL INC 2,915 3,131
    AMGEN INC 5,120 6,424
    AMPHENOL CORPORATION 736 972
    ANADARKO PETROLEUM CORP 3,126 3,200
    ANALOG DEVICES INC 628 601
    ANGLO AM PLC ADR 1,930 2,782
    ANTHEM INC 3,176 6,828
    AON PLC 3,912 5,233
    APPLE INC 27,307 39,434
    APPLIED IDNS TECH 2,445 2,427
    APPLIED MATERIALS INC 683 426
    APTIV PLC 2,288 2,586
    ARCELORMITTAL 2,733 2,873
    ARCHER DANIELS MDLND 4,003 3,687
    ARKEMA S/ADR 1,712 1,615
    ARMADA HOFFLER PROPERTIES INC 1,073 1,055
    ASAHI GLASS ADR 3,073 3,182
    ASAHI KAISAI CP ADR 1,831 2,217
    ASGN INC 1,204 1,472
    ASHTEAD GROUP PLC 3,489 3,522
    ASML HOLDING NV NY REG SHS 4,022 5,914
    ASSA ABLOY UNSP/ADR 1,719 1,659
    ASSOCIATED BRITISH FOODS PLC 549 465
    ASTELLAS PHARMA INC 4,479 4,126
    ASTRAZENECA 5,237 6,950
    AT&T, INC 7,794 6,735
    ATLANTIA SPA ADR 3,583 3,696
    ATLANTIC TELE-NETWORK, INC 2,106 2,432
    ATLAS COPCO AB A SHS ADR 1,464 1,508
    AUSTRALIA & N Z ADS 2,301 2,217
    AUTODESK, INC 1,910 3,858
    AUTOMATIC DATA PROCESSING INC 4,310 6,294
    AUTOZONE INC 3,074 5,030
    AVERY DENNISON CORP 550 539
    AXA ADS 2,867 3,102
    BALCHEM CORP 1,235 1,254
    BANCO SANTANDER CEN 6,502 7,029
    BANK NEW YORK MELLON CORP COM 4,677 5,460
    BARNES GROUP INC 2,413 2,467
    BAXTER INTERNATIONAL INC 590 592
    BB&T CP 2,567 2,946
    BECTON DICKINSON & CO 2,021 2,253
    BEIGENE LTD 3,022 3,086
    BERKSHIRE HATHAWAY INC. CLASS 16,801 23,072
    BEST BUY INC 1,794 2,542
    BHP BILLITON LIMITED 4,395 6,664
    BHP BILLITON SP ADR 2,679 4,063
    BIOGEN INC 548 602
    BLACKROCK INC 373 393
    BNP PARIBAS SPONS ADR 4,475 4,147
    BOEING CO 4,978 11,933
    BOISE CASCADE COMPANY 1,628 1,336
    BOOKING HOLDINGS INC 4,315 5,167
    BORG WARNER INC 535 521
    BOSTON SCIENTIFIC 1,620 2,438
    BP PLC SPONSORED ADR 8,890 9,783
    BRIDGESTONE CORP UNSP ADR 4,254 4,567
    BRISTOL-MYERS SQUIBB CO 2,311 2,131
    BROADCOM INC 5,114 7,628
    BROADRIDGE FINANCIAL 591 578
    BROOKS AUTOMATION, INC 1,389 2,330
    BROWN FORMAN CORP CL B 570 571
    BRYN MAWR BANK CORP 921 1,032
    BT GROUP PLC ADS 2,761 2,873
    BUNZL PLC SPONSORED ADR 1,859 2,181
    BURBERRY GROUP PLC 1,397 1,728
    CABOT OIL & GAS CORP 615 603
    CANON INC 5,177 5,023
    CAPITAL ONE FINANCIAL CORP 411 454
    CARDINAL HEALTH INC 3,523 3,167
    CARNIVAL CORP 2,845 3,007
    CARNIVAL CORP PLC 2,652 2,680
    CARREFOUR S.A 3,524 3,589
    CASELLA WASTE SYSTEMS INC 1,550 2,764
    CATALENT INC 835 873
    CATERPILLAR INC 4,532 6,862
    CENTERPOINT ENERGY 568 565
    CENTRAL JAPAN RY CO ADR 4,314 5,562
    CENTURYLINK INC 1,863 1,651
    CERNER CORPORATION 2,616 2,674
    CF INDUSTRIES HOLDINGS, INC 1,633 3,089
    CHARLES SCHWAB CORP 3,593 4,901
    CHARTER COMMUNICATIONS, INC 4,032 4,275
    CHECK POINT SOFTWARE TECHNOLOG 2,008 2,464
    CHEVRON CORP 6,104 6,310
    CHIPOTLE MEX GRILL 2,159 3,023
    CHRISTIAN DIOR SE UNSP ADR 1,245 2,357
    CHURCH & DWIGHT 1,453 2,170
    CIGNA CORPORATION 2,306 2,404
    CISCO SYSTEMS INC 9,042 12,739
    CITIGROUP INC 7,576 8,486
    CITIZENS FINANCIAL GROUP, INC 329 416
    CITRIX SYSTEMS INC 489 717
    CITY DEVELOPMENTS LT 560 523
    CITY HOLDING COMPANY 1,542 2,095
    CK HUTCHISON HLDGS 4,940 4,731
    CME GROUP, INC 3,919 6,960
    CMS ENERGY CP 3,473 4,369
    COCA COLA EUROPEAN PARTNERS PL 2,747 3,714
    COGNIZANT TECHNOLOGY SOLUTIONS 2,806 3,237
    COLGATE-PALMOLIVE COMPANY 1,329 1,250
    COLOPLAST AS ADR 2,412 3,571
    COLUMBUS MCKINNON CORPORATION 1,369 2,411
    COMCAST CORP 6,857 6,980
    COMMERZBANK AG-SPONS ADR 3,016 2,831
    COMMONWEALTH BK AUS-SP ADR 10,459 10,282
    COMPAGNIE FINANCIERE RICHEMONT 2,925 3,044
    COMPASS GROUP PLC ADR 2,209 2,424
    CONMED CORPORATION 1,839 2,953
    CONOCOPHILLIPS 1,130 1,621
    CONSOLIDATED EDISON INC 556 612
    CONSTELLATION BRANDS INC 586 482
    CONTINENTAL BUILDING PRODUCTS 3,138 3,563
    CORNING INC 777 1,027
    COSTCO WHOLESALE CORPORATION 6,106 7,537
    CROWN CASTLE INTL 2,523 2,933
    CRYOLIFE, INC. 1,565 2,781
    CSL LTD 3,687 6,277
    CSX CORP 2,664 5,778
    CUMMINS INC 553 535
    CVS CAREMARK CORP 756 721
    DAI NIPPON PRINTING LTD JAPANS 2,692 2,850
    DAIICHI SANKYO CO LTD SPONSORE 2,015 2,985
    DAIKIN INDS LTD ADR 2,392 2,759
    DAITO TRUST CONST SPON ADR 4,048 3,731
    DAIWA HOUSE IND LTD 3,377 4,070
    DANAHER CORP 3,859 4,950
    DANSKE BANK A S SPON 4,048 3,756
    DASSAULT SYS SA SPN ADR 1,045 1,056
    DAVITA HEALTHCARE PARTNERS INC 1,887 1,750
    DBS GROUP HLDGS SPON ADR 2,746 4,323
    DEERE CO 2,961 5,072
    DELTA AIR LINES INC 2,757 3,743
    DENSO CORP ADR 2,845 3,004
    DENTSPLY SIRONA INC 1,040 1,042
    DEUTSCHE BOERSE ADR 3,701 4,020
    DEUTSCHE TELE AG ADS 7,519 7,471
    DIAGEO PLC ADS 5,601 6,948
    DIGITAL RLTY TR INC 2,599 3,090
    DISH NETWORK CORPORATION 1,756 1,398
    DNB NOR ASA SPONSOR ADR 1,731 2,399
    DOLLAR GENERAL CORP 2,691 4,215
    DOMINION ENERGY INC 4,163 4,216
    DON QUIJOTE CO LTD 2,106 3,492
    DOWDUPONT INC 9,043 8,931
    DSV UNSP ADR EACH REPR 0.5 ORD 2,266 3,196
    DUKE ENERGY CO 789 777
    DXC TECHNOLOGY COMPANY 530 479
    E.ON AG SPON ADR REP 1/3 ORD N 2,047 2,063
    EAST JAPAN RAILWAY C 4,524 4,752
    EASTGROUP PROPERTIES INC 3,047 3,669
    ECOLAB INC 4,181 5,157
    ECOLOGY INC 1,660 2,267
    EDF UNSP ADR 3,368 3,189
    EDWARDS LIFESCIENCES 1,172 1,838
    EISAI LTD 2,764 3,834
    ELECTRONIC ARTS 445 395
    ELI LILLY & CO 1,160 1,620
    EMERSON ELECTRIC CO 3,558 4,003
    ENAGAS SA UNSP ADR 3,054 2,945
    ENEL SOCIETA PER AZI 2,247 2,487
    ENGIE 1,488 1,561
    ENI S.P.A 1,354 1,260
    ENTERGY CORP 3,543 4,476
    EOG RESOURCES INC 705 610
    EQT CORPORATION 740 774
    EQUIFAX INC 615 559
    EQUINOR ASA 1,773 2,286
    EQUITRANS MIDSTREAM CORPORATIO 582 641
    ERICSSON L M TEL CO 2,070 2,555
    ERSTE BK DER OEST SP 2,057 1,537
    ESCO TECH INC 1,914 2,836
    ESSENT GROUP LTD 2,302 2,700
    ESSEX PRTY TR INC 2,080 2,452
    ESSILOR INTL ADR 3,934 3,979
    ESSITY AKTIEBOLAG SPON ADR CL 1,261 1,372
    ESTEE LAUDER COMPANIES INC 2,349 3,513
    EVERCORE PARTNERS INC 865 1,217
    EVERGY, INC. 539 511
    EVERSOURCE ENERGYINC 3,872 4,878
    EXELON CORPORATION 490 631
    EXLSERVICE HOLDINGS INC 2,661 2,631
    EXPEDIA INC 1,290 1,352
    EXXON MOBIL CORP 20,133 16,843
    FACEBOOK INC 12,440 12,454
    FAST RETAILING CO LT 1,877 1,937
    FEDERAL RLTY INVT TR 576 590
    FEDERAL SIGNAL CORP 1,629 1,811
    FEDEX CORPORATION 2,363 2,259
    FERGUSON 2,464 2,637
    FERRARI NV 1,542 2,983
    FERROVIAL SA 3,654 3,731
    FIAT CHRYSLER AUTOMOBILES 1,808 1,952
    FIDELITY NATIONAL INFORMATION 672 718
    FIFTH THIRD BANCORP 2,839 3,412
    FIRST BANCORP 1,610 1,731
    FIRST FINANCIAL BANCORP 1,567 1,281
    FIRST INDUSTRIAL REALTY TRUST 2,702 2,771
    FIRST INTERSTATE BANCSYSTEM IN 1,263 1,133
    FIVE BELOW INC 1,546 2,967
    FLEETCOR TECHNOLGIES INC 561 557
    FLUOR CORP 545 483
    FOOT LOCKER INC N.Y. COM 2,047 3,086
    FORD MOTOR COMPANY 582 505
    FORTESCUE METALS G ADR EA REPR 2,997 3,142
    FORTIVE CORPORATION 2,603 3,383
    FORTUNE BRANDS HOME & SECURITY 554 494
    FREEPORT-MCMORAN COPPER & GOLD 468 361
    FUJIFILM HOLDINGS ADR NPV 2,126 2,260
    FUJITSU LTD ADR OTC 1,508 1,840
    GALP ENERGIA 2,181 2,080
    GEN DYNAMICS CP 3,965 4,087
    GENERAL MOTORS 510 535
    GILEAD SCIENCES INC 693 563
    GIVAUDAN SA UNSP/ADR 3,811 4,489
    GLAXOSMITHKLINE PLC 2,742 2,636
    GLENCORE XSTRATA PLC ADR 2,771 4,083
    GOLDMAN SACHS GROUP 5,325 5,346
    GOODYEAR TIRE & RUBBER COMPANY 552 510
    GRAINGER W W INC 793 1,412
    GRIFOLS SA REP 1/2 CL B 2,065 2,277
    GROUPE DANONE ADS 3,571 3,691
    GRUBHUB INC 258 538
    HAMILTON LANE INC 317 333
    HANESBRANDS INC 543 451
    HANG LUNG PROPERTIES-SP ADR 549 527
    HANNOVER RUCKVISCG SP/ADR 3,348 3,383
    HARLEY DAVIDSON INC 532 478
    HARTFORD FINANCIALSERVICES GRO 2,656 2,934
    HARTFORD WORLD BOND FUND CL I 195,673 197,502
    HASBRO INC 605 569
    HCA INC 2,431 3,982
    HEALTH CARE PPTY INVS INC 2,265 2,737
    HEIDELBERGCEMENT AG UNSPONSORE 3,639 3,434
    HEINEKEN HLDG N V 2,678 3,150
    HEINEKEN N V S ADR 4,637 4,573
    HELMERICH PAYNE 1,549 1,678
    HENDERSON LAND DEV COMP LTD AD 2,826 2,847
    HENKEL KGAA ADR 2,495 2,164
    HENKEL KGAA PFD SHS ADR 2,099 1,979
    HENNES & MAURITZ AB 2,092 1,819
    HERMES INTL 10 ADR 2,631 3,591
    HESS CORP 807 851
    HITACHI LTD 4,554 4,660
    HOME DEPOT INC 7,042 9,106
    HONEYWELL INTL 6,545 7,795
    HONG KONG & CHINA GAS SPD ADR 3,196 4,324
    HONG KONG EX&CL UNSP/ADR 2,745 3,239
    HOYA CORP SPONS ADR 2,123 3,308
    HP INC 677 962
    HSBC HOLDINGS PLC 14,664 13,936
    HUGO BOSS AG 3,080 2,745
    HUMANA INC 2,822 4,584
    HUNTINGTON BANCSHARES INC 565 501
    IBERDROLA ADR 4,830 6,418
    II VI INC 999 747
    ILLINOIS TOOL WORKS 3,950 4,181
    ILLUMINA INC COM 488 900
    INCYTE CORPORATION 2,033 2,035
    INDEPENDENT BANK CORP 1,584 1,969
    INDUSTRIA DE DISENO 621 521
    INFINEON TECH ADS 4,795 4,538
    ING GROUP N V SPONSORED ADR 4,114 3,624
    INPEX HOLDINGS INC 1,783 1,678
    INTEL CORP 7,134 9,245
    INTERCONTINENTAL EXCHANGE, INC 608 678
    INTERCONTINENTAL HOTELS GROUP 2,356 2,784
    INTERPUBLIC GROUP OF COS 548 495
    INTERXION HOLDING N.V 1,865 2,491
    INTESA SANPAOLO SPA 2,813 2,751
    INTL CONSOLIDATED AIRLINES GRO 3,020 3,069
    INTUIT 2,030 3,543
    IPG PHOTONICS CORP 496 453
    ISHARES BARCLAYS US AGGREGATE 352,464 354,930
    ISHARES FLOATING RATE NOTE FUN 148,726 148,964
    ISHARES MSCI EMERGING MARKETS 593,400 602,031
    ISRAEL CHEMICALS LTD 1,541 2,230
    ISUZU MOTORS UNSP/ADR 1,743 1,969
    ITOCHU CORP ADR OTC 2,199 3,172
    J & J SNACK FOODS CORP 2,861 3,326
    J SAINSBURY 2,612 2,860
    J2 GLOBAL INC 2,125 1,873
    JAMES HARDIE IND ADR 705 740
    JAPAN AIRLINES 1,535 1,856
    JAPAN ARPT TERM CO LTD 2,139 2,073
    JAPAN EXCHANGE GROUP INC 3,363 3,160
    JARDINE MATHESON UNS/ADR 2,279 2,831
    JEFFERIES GROUP INC 549 503
    JGC CORP ADR 2,852 2,803
    JOHNSON & JOHNSON 18,379 20,519
    JOHNSON CONTROLS INTERNATIONAL 556 504
    JP MORGAN CHASE 13,097 19,426
    KADANT INC 1,973 2,444
    KAISER ALUMINUM CORPORATION 2,588 2,857
    KAO CORP 2,409 3,353
    KBC GROUP SA UNSP ADR 2,278 2,173
    KELLOGG CO 3,503 3,307
    KERING UNSPON ADR EA REPR 0.1 1,512 2,712
    KEYCORP 2,690 3,252
    KFORCE INC 776 959
    KIMBERLY CLARK CORP 575 570
    KIMCO RLTY CORP 3,352 3,413
    KIRIN BREWERY LTD 2,407 3,013
    KLA TENCOR CORP 552 537
    KLX ENERGY SERVICES HOLDINGS I 390 328
    KOMATSU LTD 2,821 2,671
    KON KPN NV SPON ADR REP 1 ORD 1,664 1,711
    KONE OYJ ADR B SHS 3,874 3,892
    KONINKLIJKE AHOLD DELHAIZE NV 3,315 4,112
    KONINKLIJKE PHILIPS ELECTRONIC 3,160 3,827
    KROGER CO 3,633 4,483
    KUBOTA CORPORATION 2,005 1,973
    KYOCERA CP 3,880 3,966
    L BRANDS, INC 612 488
    L'AIR LIQUIDE ADR OTC 5,310 6,883
    L'OREAL ADR 3,128 3,927
    LAM RESEARCH CORP 841 1,226
    LEGAL & GENERAL GROUP 2,121 2,296
    LEGGETT PLATT INC 574 538
    LENNAR CORP 378 352
    LENNAR CORP CL B 35 31
    LIGAND PHARMACEUTICALS INC 1,980 2,307
    LINDE PLC COM 654 624
    LKQ CORPORATION 564 522
    LLOYDS BANKING GROUP PLC 6,984 6,333
    LOCKHEED MARTIN CORP 5,132 5,760
    LONDON STK EXCHANGE GROUP 1,962 1,991
    LONZA GROUP AG UNSP/ADR 1,597 1,585
    LOWES COMPANIES INC 654 739
    LUXOTTICA GROUP SPON ADR EACH 2,639 3,427
    LVMH MOET HENN UNSP 3,776 6,197
    LYONDELLBASELL INDUSTRIES NV 1,117 1,164
    MACK CALI RLTY CORP 383 372
    MACQUARIE GROUP LTD ADR 3,170 3,977
    MADDEN STEVEN LTD 3,463 4,115
    MALIBU BOATS INC 1,075 2,436
    MARATHON OIL CORP COM 2,157 2,811
    MARATHON PETROLEUM CORP 2,357 3,305
    MARINE HARVEST ASA SPON ADR -- 1,560 1,822
    MARKS & SPENCER GRP ADR 3,161 2,748
    MARRIOTT INTERNATIONAL INC. CL 2,318 3,257
    MARSH AND MCLENNAN COMPANIES I 4,292 5,104
    MARUBENI CORP ADR CNV INTO 10 1,806 2,583
    MARUI CO LTD ADR OTC 1,346 1,872
    MASCO CORP 571 556
    MASTERCARD INC 5,990 11,885
    MAXIM INTEGRATED PRODS INC 527 509
    MAZDA MOTOR CORP 3,219 3,054
    MCCORMICK & CO 1,160 1,671
    MCDONALD'S CORP 7,024 10,832
    MCKESSON CORP 590 552
    MEDIOBANCA SPA 3,117 3,116
    MEDTRONIC PLC 4,270 5,094
    MELCO RESORTS AND ENTERTAINMEN 941 987
    MERCK & CO INC 8,502 11,538
    MERCK KGAA SPON ADR EACH REPR 2,714 2,823
    MERIT MEDICAL SYSTEMS, INC. 1,930 3,851
    MERLIN ENTERTAINME SPON ADR EA 2,938 2,832
    METLIFE INC 1,443 1,642
    MGIC INVESTMENT CORP 698 669
    MICHAEL KORS HOLDINGS LIMITED 1,831 1,668
    MICHELIN CIE GEN UNSP/ADR 1,395 1,313
    MICRO FOCUS INTERNATIONAL PLC 3,343 3,098
    MICROCHIP TECHNOLOGY INC 2,935 3,524
    MICRON TECHNOLOGY 1,006 1,967
    MICROSOFT CORP 23,788 41,947
    MID-AMERICA APT COMMUNITIES IN 609 670
    MITSUBISHI CORP SPON 1,663 1,644
    MITSUBISHI TANABE PHARMA CORPO 3,037 2,938
    MITSUBISHI UFJ FINANCIAL GROUP 8,011 7,417
    MITSUI & COMPANY, LTD. - ADR 4,451 4,968
    MOHAWK INDS INC 908 936
    MOLSON COOR BREW CO CL B 652 562
    MONDELEZ INTERNATIONAL INC 579 520
    MONSTER BEVERAGE CORP 1,951 2,215
    MORGAN STANLEY 4,220 5,472
    MORRISON W SUPRMKT PLC 1,921 1,779
    MS&AD INS GROUP ADR 2,078 2,054
    MUENCHENER RUECKVERS 5,483 5,506
    MURATA MFG INC UNSP/ADR 2,489 2,660
    MYLAN NV 2,653 1,945
    NASDAQ OMX GROUP 471 489
    NATERA INC 1,267 1,047
    NATIONAL GRID TRANSCO PLC 5,692 5,182
    NATL OILWELL VARCO 977 797
    NAVIGANT CONSULTING INC 1,775 2,501
    NEKTAR THERAPEUTICS 528 460
    NESTLE S.A 20,932 21,859
    NETFLIX INC 2,046 5,621
    NEWCREST MINING LTD-SPON ADR 3,746 3,841
    NEWELL RUBBERMAID INC 562 446
    NEWFIELD EXPLORATION CO 545 469
    NEWMONT MINING CORP 543 589
    NEWS CORP LTD CL A 3,114 2,792
    NEXTERA ENERGY, INC 1,291 1,564
    NICE SYSTEMS LTD 1,894 3,030
    NIDEC CORPORATION ADR 1,537 1,879
    NIELSEN HOLDINGS N.V 564 513
    NIKE INC-CL B 1,771 2,150
    NIKON CORP ADR 1,711 1,710
    NINTENDO CO LTD ADR UNSPON 2,878 2,052
    NIPPON TELEGRAPH & TELEPHONE C 5,254 5,161
    NN GROUP N.V. 3,700 3,605
    NOKIA 3,329 4,045
    NORFOLK SOUTHERN CORP 3,117 5,084
    NORSK HYDRO ASA 544 527
    NORTHROP GRUMMAN CORP 4,133 4,653
    NORTHWESTERN CORP 4,365 4,458
    NOVARTIS AG ADR 12,374 14,588
    NOVO NORDISK A S 5,935 7,740
    NRG ENERGY 283 990
    NUCOR CP 478 518
    NUVASIVE, INC 608 545
    NVIDIA CORP 2,492 5,340
    O'REILLY AUTOMOTIVE INC 1,764 3,099
    OCCIDENTAL PETROLEUM CORP 829 859
    OIL SEARCH LTD 1,591 1,475
    OLD NATIONAL BANCORP 1,893 1,802
    OMNICOM GROUP 2,060 2,124
    OMRON CORP S/ADR 1,632 1,696
    OMV AG BEARER SH SPO 3,327 3,014
    ONEOK INC 601 540
    ONO PHARMACEUTICAL ADR 2,388 2,188
    ORACLE CORP 6,789 7,585
    ORANGE 5,704 5,553
    ORIX CORP ADS 4,222 4,078
    OTSUKA HOLDINGS CO 4,224 3,640
    OVERSEA-CHINESE ADR 2,992 3,173
    PACKAGING CORP AMER 572 501
    PADDY POWER BETFAI 1,063 1,058
    PANASONIC CORP 2,426 2,122
    PARK 24 CO LTD 1,777 1,588
    PARKER HANNIFIN CP 373 447
    PAYCHEX 541 521
    PAYCOM SOFTWARE 596 857
    PAYPAL HOLDINGS, INC 3,726 8,241
    PEARSON PLC 1,437 1,743
    PEBBLEBROOK HOTEL TR COM 576 510
    PEPSICO INC 6,568 6,850
    PERKIN ELMER INC 2,605 3,928
    PERNOD-RECARD SA 2,498 3,667
    PERSIMMON PLC ADR 837 903
    PFIZER INC 6,229 8,119
    PHILIP MORRIS INTL 3,524 2,737
    PHILLIPS 66 3,835 4,221
    PIONEER ENERGY SERVICES CORP 67 23
    PNC FINANCIAL GROUP INC 4,015 5,495
    PORSCHE AUTOMOBILE HOLDING SE 3,459 3,317
    PPL CORPORATION 3,405 3,570
    PRIMERICA, INC 1,563 2,736
    PRINCIPAL FINANCIAL GROUP 577 574
    PROCTER GAMBLE CO 9,173 10,479
    PRUDENTIAL FINCL INC 4,115 4,404
    PRUDENTIAL PLC SC 4,071 3,961
    PRYSMIAN SPA MILANO 540 595
    Q2 HOLDINGS INC 2,123 2,478
    QBE INSURANCE GP UNSP/ADR 2,148 1,987
    QIAGEN NV 2,913 3,342
    QUAKER CHEMICAL CORP 1,865 3,376
    QUANTA SVCS INC 456 542
    QUIDEL CORPORATION 1,207 2,734
    RALPH LAUREN CORP 1,660 2,173
    RANDSTAD HOLDING 3,122 3,183
    RANGOLD RESORCES LTD SO AFRICA 955 995
    RAPID7 INCORPORATED 1,422 1,527
    RAYMOND JAMES FINANCIAL INC 528 521
    REALTY INCOME CORP 628 820
    RECKITT BENCKISER GROUP 2,453 2,209
    RED ELECTRICA DE ESPANA SA 2,819 3,508
    REGENERON PHARMACEUTICALS INC 1,061 1,121
    REGIONS FINANCIAL CORP 2,345 3,251
    RELX PLC 2,840 3,447
    REPLIGEN CORP 2,589 3,586
    REPSOL YPF S A ADR 3,460 4,104
    RESIDEO TECHNOLOGIESINC COM 180 185
    RETROPHIN INC 2,035 2,489
    RIO TINTO PLC SPONSORED ADR 3,811 5,769
    ROCHE HOLDING LTD ADR 16,604 17,218
    ROCKWELL AUTOMATION INC 2,608 3,311
    ROLLS ROYCE GRP PLC S/ADR 1,277 1,600
    ROPER INDUSTRIES 2,805 4,264
    ROYAL BANK SCOTLAND ADS 2,349 2,929
    ROYAL CARRIBEAN CRUISE 1,805 2,445
    ROYAL DUTCH SHEL PLC SPONS ADR 5,920 6,653
    ROYAL DUTCH SHELL CL A 11,170 12,586
    RPT REALTY 284 263
    RSA INSURANCE GROUP 1,767 1,776
    RWE AKTIENGESELLSCHAF 1,248 1,248
    RYOHIN KEIKAKU 1,982 2,502
    SAFRAN SA - UNSPON ADR 2,387 4,095
    SAGE GROUP PLC UNS/ADR 795 802
    SALESFORCE.COM 2,064 3,561
    SAMPO PLC UNSPONSORED ADR 3,244 3,367
    SANDS CHINA LTD UNSP ADR 1,606 1,647
    SANDVIK AB SPONS ADR 1,921 2,479
    SANOFI-AVENTIS SPONSORED ADR 6,999 7,293
    SANTEN PHARMACEUTICA 2,256 2,574
    SAP AKTIENGESELL ADS 7,765 8,462
    SCANNA CORP 3,506 4,396
    SCHNEIDER ELEC UNSP/ADR 3,978 3,907
    SCOR ADS 2,112 3,250
    SEAGATE TECHNOLOGY 355 424
    SECOM CO LTD ADR OTC 3,749 4,184
    SELECTIVE INS GROUP INC 2,101 2,986
    SEMPRA ENERGY COM 579 541
    SEMTECH CORPORATION 2,027 3,303
    SEVEN & I HOLDINGS C 3,552 3,772
    SGS SA UNSP ADR 3,261 3,486
    SHIMANO INC UNSP ADR EACH REPR 3,543 3,538
    SHIN-ETSU CHEMICAL C 4,810 4,819
    SHIRE PLC 3,982 4,525
    SHISEIDO CO LTD 1,455 3,592
    SIEMENS AG 1,377 1,346
    SILICON LABORATORIES, INC 1,571 2,285
    SIMON PPTY GROUP INC 5,549 5,880
    SINGAPORE TELE ADR 4,254 4,107
    SKAND ENSKILDA 4,115 3,938
    SL GREEN REALTY CORP 642 554
    SMC CORPORATION 1,669 1,978
    SMITH & NEPHEW PLC ADR 2,366 3,252
    SMITHS GROUP ORD 37.5P 2,398 2,282
    SOCIETE GENERLE FRNCE ADR 2,665 2,340
    SOFTBANK CP UNSP ADR 5,399 5,477
    SONIC HEALTHCARE LTD SHS 3,244 3,197
    SONOVA HOLDING AG AD 2,510 3,147
    SONY CORP ADR 2,894 4,538
    SOUTH32 LTD 1,862 2,703
    SOUTHERN CO 614 615
    SOUTHWEST AIRLINES 2,255 2,882
    SPARK NEW ZEALAND SPON ADR 1,952 2,207
    SPDR BARCLAYS CAPITAL HYB ETF 296,767 299,622
    SPECTRUM PHARMACEUTICALS INC. 641 324
    SPIRE INC 3,751 4,223
    SSE PLC SPON ADR 3,879 3,856
    STANLEY BLACK & DECKER INC 501 479
    STIFEL FINANCIAL CP 1,707 1,533
    STORA ENSO OYJ 1,495 1,463
    STRYKER CORPORATION 4,157 5,800
    SUEZ ENVIRONNEMENT C 1,804 1,656
    SUMITOMO CHEMICAL CO 1,956 2,154
    SUMITOMO CORP S/ADR 2,408 3,149
    SUMITOMO MITSUI FINCL GRP 6,558 6,230
    SUMITOMO MITSUI TR HOLDINGS SP 1,889 2,004
    SUN HUNG KAI PY LTD S/ADR 4,342 4,307
    SUNTORY BEVERAGE & FOOD LTD AD 1,976 2,145
    SUNTRUST BKS INC 1,967 2,320
    SUZUKI MOTOR CORP UNSP ADR 4,198 4,287
    SVENSKA CELLULOSA AKT SCA ADR 331 432
    SWATCH GROUP AG 3,393 3,397
    SWEDBANK AB S/ADR 3,742 3,784
    SWIRE PAC LTD A S/ADR 3,231 3,274
    SWISS RE LTD ADR 3,329 3,597
    SWISSCOM AG S/ADR 2,991 3,213
    SYMANTEC CORP 542 473
    SYMRISE AG UNSPONSORED 2,585 3,167
    SYNCHRONY FINANCIAL 582 540
    SYSCO CORP 596 689
    T&D HOLDINGS INC TOKYO 2,322 2,326
    T. ROWE PRICE ASSOCIATES 415 554
    TAPESTRY INC 529 506
    TARGET CORPORATION 1,031 1,256
    TE CONNECTIVITY LTD 1,246 1,513
    TECHTRONIC INDS SPD ADR 1,312 1,943
    TELEFONICA S A ADR 1,921 2,047
    TELIASONERA ADR 2,490 2,560
    TEMPLETON GLOBAL BD 190,799 188,210
    TERNA RETE ELETTRICA 2,395 3,240
    TESCO PLC S ADR 1,853 2,042
    TETRA TECH INC 2,333 2,847
    TEXAS INSTRUMENTS INC 1,582 2,174
    TEXTRON INC 446 506
    TH K CO LTD 2,756 2,504
    THE COCA-COLA CO 11,439 12,548
    THE HARTFORD FLOATING RATE FUN 595,266 570,264
    THE HERSHEY COMPANY 594 643
    THE JM SMUCKER COMPANY 589 561
    THE KEYW HOLDING CORPORATION 380 415
    THE MOSAIC CO 830 1,198
    THE WHARF HOLDINGS LIMITED 1,111 1,171
    THERMO FISHER SCIENTIFIC INC 1,605 2,014
    TOKIO MARINE HOLDINGS INC 2,660 3,177
    TOKYO ELECTRON LTD 840 704
    TOKYO GAS CO LTD ADR 2,174 2,548
    TOSHIBA CORP UNSP/ADR 4,393 4,021
    TOTAL FINA ELF S.A 10,784 11,427
    TOYOTA MTR CORP 15,063 13,814
    TRACTOR SUPPLY CO COM 1,856 3,004
    TRAVELERS COMPANIES INC 588 599
    TREASURY WINE ESTATES ADR 1,742 2,260
    TREND MICRO INCORPORATED ADS 1,557 2,320
    TWENTY-FIRST CENTURY FOX CL A 1,849 3,657
    TYSON FOODS INC CL A 525 481
    UBISOFT ENTERTAIN UNSP ADR EAC 1,435 1,536
    ULTA SALON, COSMETICS & FRAGRA 1,050 1,224
    UMPQUA HOLDINGS CORPORATION 633 557
    UNICHARM CORP - SPN ADR 1,694 2,495
    UNICREDIT SPA 4,704 4,243
    UNILEVER N V N Y 9,506 11,890
    UNION PACIFIC 477 691
    UNITED CONTINENTAL HOLDINGS IN 471 837
    UNITED OVRSEAS BK LTD ADR 3,321 4,515
    UNITED PARCEL SERVICE 524 488
    UNITED TECHNOLOGIES CORP 573 532
    UNITEDHEALTH GROUP INC 8,602 15,196
    UNUM CORP 803 735
    UPM-KYMMENE OYJ 2,496 2,805
    US BANCORP 6,202 6,535
    VALERO ENERGY CORP 2,862 3,898
    VAN ECK EMERGING MARKETS FUND 3,613 3,704
    VANDA PHARMACEUTICALS INC 1,968 3,815
    VANGUARD SM-CAP ETF 135,859 137,137
    VENTAS INC 3,732 4,394
    VEOLIA ENVIRONN ADS 2,472 3,082
    VERISK ANALYTICS, INC 803 1,090
    VERIZON COMMUNICATIONS 10,847 13,099
    VERTEX PHARMCTLS INC 2,643 5,303
    VESTAS WIND SYS UNSP/ADR 1,278 1,536
    VIACOM INC. CL B 657 591
    VINCI SA ADR 1,877 1,723
    VISA INC 9,168 15,041
    VIVENDI SA 1,337 1,256
    VODAFONE GROUP PLC 3,953 3,875
    VOLKSWAGEN AG 108  
    VOLKSWAGEN AG ADR 1,897 2,201
    VOLKSWAGEN AG SPONS ADR 1,372  
    VOLVO AS-A ADR 2,570 3,114
    VORNADO RLTY TR 602 558
    VULCAN MATERIALS CO 526 494
    WAL-MART STORES INC 4,488 5,775
    WALT DISNEY HOLDINGS CO 2,532 2,741
    WASTE MANAGEMENT INC 725 890
    WATERS CORP 550 566
    WEC ENERGY GROUP, INC 3,812 4,848
    WELLS FARGO & CO 5,261 4,931
    WELLTOWER INC. 602 764
    WEST JAPAN RAILWAY C 2,840 3,556
    WESTERN UNION CO 558 512
    WESTPAC BANKING CP 8,152 7,634
    WESTROCK COMPANY 559 453
    WEYERHAEUSER CO 558 459
    WH GROUP LIMITED SPON ADR EACH 3,114 3,287
    WHIRLPOOL CORP 521 534
    WHITEBREAD PLC AMERICAN 2,546 2,993
    WILLIAMS COS 576 507
    WIRECARD UNSP ADR 1,168 1,079
    WNS (HOLDINGS) LIMIT 2,146 3,260
    WOODSIDE PETROL LTD ADR 4,443 4,422
    WRIGHT MEDICAL GROUP, INC 3,250 3,675
    WSFS FINANCIAL CORPORATION 1,738 1,403
    WYNN MACAU 577 560
    WYNN RESORTS 560 495
    YARA INTERNATIONAL ASA 3,265 3,180
    YASKAWA ELEC CORP 3,469 2,738
    YUM BRANDS INC 513 735
    YUM CHINA HOLDINGS INC 1,219 1,609
    ZIMMER BIOMET HOLDINGS 898 830
    ZOETIS INC 3,392 5,560
    ZURICH INS GROU ADR 3,857 4,621

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    US Government Securities - End of Year Book Value:

    517,388
    US Government Securities - End of Year Fair Market Value:

    518,466
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKSTONE REAL ESTATE INCOME   261,342 265,481

    TY 2018 OtherExpensesSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 20,000     20,000
    Bank Charges 2,508 2,508    
    State or Local Filing Fees 25     25


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 35,667 35,667    


    TY 2018 TaxesSchedule
    Name:
    The Smang Family Foundation
    EIN:
    26-1458985
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 6,400      
    Foreign Tax Paid 4,932 4,932