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
ROLES FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)19500 TOWERING OAKS TRAIL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PRIOR LAKE, MN55372
A Employer identification number

26-1584011
B Telephone number (see instructions)

(952) 201-1467
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$4,031,629J 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) 242,397
2 Check bullet.............
3 Interest on savings and temporary cash investments 20,026 20,026  
4 Dividends and interest from securities... 60,070 60,070  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 49,841
b Gross sales price for all assets on line 6a 573,639
7 Capital gain net income (from Part IV, line 2)... 49,841
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........ 372,334 129,937  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,575 788   787
c Other professional fees (attach schedule).... Click to see attachment 33,312 33,312   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,527 1,527   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25 0   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,439 35,627   812
25 Contributions, gifts, grants paid....... 146,172 146,172
26 Total expenses and disbursements. Add lines 24 and 25 182,611 35,627   146,984
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 189,723
b Net investment income (if negative, enter -0-) 94,310
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............. 82,502 75,162 75,162
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 189,608 Click to see attachment210,573 207,283
b Investments—corporate stock (attach schedule)....... 2,101,810 Click to see attachment2,328,936 2,442,113
c Investments—corporate bonds (attach schedule)....... 364,471 Click to see attachment365,289 359,402
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 71,722 Click to see attachment95,749 95,124
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment800,000 Click to see attachment800,000 Click to see attachment852,545
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,610,113 3,875,709 4,031,629
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,610,113 3,875,709
30 Total net assets or fund balances (see instructions)..... 3,610,113 3,875,709
31 Total liabilities and net assets/fund balances (see instructions). 3,610,113 3,875,709
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
3,610,113
2
Enter amount from Part I, line 27a .....................
2
189,723
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
165,405
4
Add lines 1, 2, and 3 ..........................
4
3,965,241
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
89,532
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,875,709
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 WASH SALE DISALLOWED      
c CAPITAL GAINS DIVIDENDS P    
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 570,946   523,650 47,296
b     148 -148
c 2,693     2,693
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       47,296
b       -148
c       2,693
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 49,841
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 149,078 3,840,294 0.038819
2016 153,174 3,459,021 0.044282
2015 146,531 2,921,230 0.050161
2014 110,843 3,070,901 0.036095
2013 99,637 2,136,302 0.046640
2
Total of line 1, column (d) .....................
2
0.215997
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
0.043199
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
4,135,204
5
Multiply line 4 by line 3......................
5
178,637
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
943
7
Add lines 5 and 6........................
7
179,580
8
Enter qualifying distributions from Part XII, line 4,.............
8
146,984
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 1,886
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,886
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 1,886
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 4,470
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,470
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,584
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,584 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHOMAS M ROLES Telephone no.bullet (952) 201-1467

    Located atbullet19500 TOWERING OAKS TRAILPRIOR LAKEMN ZIP+4bullet55372
    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
    THOMAS M ROLES PRESIDENT/TREASURER
    1.00     		0 0 0
    19500 TOWERING OAKS TRAIL
    PRIOR LAKE,MN55372
    KARI L ROLES VICE PRESIDENT
    0.50     		0 0 0
    19500 TOWERING OAKS TRAIL
    PRIOR LAKE,MN55372
    LISA M TONN SECRETARY
    1.00     		0 0 0
    C/O 19500 TOWERING OAKS TRAIL
    PRIOR LAKE,MN55121
    KRISTI A BLEE DIRECTOR
    0.50     		0 0 0
    C/O 19500 TOWERING OAKS TRAIL
    PRIOR LAKE,MN55121
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    3,208,787
    b
    Average of monthly cash balances.......................
    1b
    60,876
    c
    Fair market value of all other assets (see instructions)................
    1c
    928,514
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,198,177
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,198,177
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    62,973
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,135,204
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    206,760
    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
    206,760
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,886
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,886
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    204,874
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    204,874
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    204,874
    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
    146,984
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    146,984
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    146,984
    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 7 204,874
    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...... 1,947
    b From 2014......  
    c From 2015...... 1,054
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 3,001
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 146,984
    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..... 146,984
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 3,001 3,001
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		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 ..........     		54,889
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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).)
    THOMAS M ROLES
    KARI L ROLES
    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
    AFRICAN CHILDREN TODAY INC
    PO BOX 390123
    EDINA,MN55439     		NONE PC PROGRAM SUPPORT 12,360
    BEST BUDDIES INTERNATIONAL INC
    100 SOUTHEAST SECOND STREET SUITE
    2200
    MIAMI,FL33131     		NONE PC PROGRAM SUPPORT 2,000
    CHRIS KYLE FROG FOUNDATION
    PO BOX 1337
    MIDLOTHIAN,TX76065     		NONE PC PROGRAM SUPPORT 10,000
    FEED MY STARVING CHILDREN INC
    990 LONE OAK ROAD
    EAGAN,MN55121     		NONE PC PROGRAM SUPPORT 20,000
    FRASER
    2400 WEST 64TH STREET
    MINNEAPOLIS,MN55423     		NONE PC PROGRAM SUPPORT OF SCHOOL & AUTISM 7,500
    HAVEN ACRES
    2820 245TH ST E
    HAMPTON,MN55031     		NONE PC PROGRAM SUPPORT 1,000
    HOPEKIDS INC
    PO BOX 240721
    APPLE VALLEY,MN55124     		NONE PC PROGRAM SUPPORT 10,000
    HUNT OF A LIFETIME
    PO BOX 241
    HARBORCREEK,PA16421     		NONE PC PROGRAM SUPPORT 5,000
    IRAQ AND AFGHANISTAN VETERANS OF AMERICA
    119 WEST 40TH S 19TH FLOOR
    NEW YORK,NY10018     		NONE PC PROGRAM SUPPORT 7,500
    MARINE TOYS FOR TOTS FOUNDATION
    18251 QUANTICO GATEWAY DRIVE
    TRIANGLE,VA22172     		NONE PC PROGRAM SUPPORT 11,812
    NAVY SEAL FOUNDATION
    1619 D STREET
    VIRGINIA BEACH,VA23459     		NONE PC PROGRAM SUPPORT 10,000
    PANDAS NETWORKORG A NON-PROFIT TO CURE PEDIATRIC ACUTE NEUROPSYCHIATRIC
    655 OAK GROVE AVENUE 1373
    MENLO PARK,CA94026     		NONE PC PROGRAM SUPPORT 3,000
    PINKY SWEAR FOUNDATION
    7835 TELEGRAPH ROAD
    BLOOMINGTON,MN55438     		NONE PC PROGRAM SUPPORT 1,000
    ST DAVID'S CENTER
    3395 PLYMOUTH RD
    MINNETONKA,MN55305     		NONE PC PROGRAM SUPPORT 12,500
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PC PROGRAM SUPPORT 5,000
    THE COMMUNITY FOUNDATION OF NORTHWEST MISSOURI INC
    1006 W ST MAARTENS DRIVE SUITE B
    ST JOSEPH,MO64506     		NONE PC PROGRAM SUPPORT - MIDWEST ADAPTIVE SPORTS 10,000
    THE INTREPID FALLEN HEROES FUND
    ONE INTREPID SQUARE W 46TH STREET
    12TH AVE
    NEW YORK,NY10036     		NONE PC PROGRAM SUPPORT 7,500
    THE TRANSVERSE MYELITIS ASSOCIATION
    1787 SUTTER PKWY
    POWELL,OH430658806     		NONE PC PROGRAM SUPPORT 10,000
    Total .................................bullet 3a 146,172
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 20,026  
    4 Dividends and interest from securities....     14 60,070  
    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 49,841  
    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).. 0 129,937 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    129,937
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    26-1584011
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    ROLES FAMILY FOUNDATION
          		Employer identification number
    26-1584011
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THOMAS AND KARI ROLES
     
    19500 TOWERING OAKS TRAIL
     
    PRIOR LAKE, MN55372

    		$ 242,397


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    26-1584011
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 900 SHS - SPDR S&P 500 ETF TRUST UNIT SER $ 242,397 2018-12-21
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    ROLES FAMILY FOUNDATION
          		Employer identification number

    26-1584011
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 1,575 788   787

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AFLAC INC NOTE CALL MAKE WHOLE 3.62500% 12,361 11,991
    AMAZON COM INC BOND CALL MAKE WHOLE 10,497 10,235
    AMERICAN HONDA FIN CORP MTN 2.25000% 25,142 24,883
    APPLE INC NOTE CALL MAKE WHOLE 2.4000% 25,125 24,173
    AT&T BROADBAND CORP NOTE 9.45500% 13,376 13,364
    BANK AMER CORP MTN 3.87500% 08/01/2025 19,956 19,785
    BB&T BRH BKG & TR CO GLOBAL BK BOND 19,889 19,606
    BLACKROCK INC NOTE CALL MAKE WHOLE 10,568 10,108
    BLACKROCK INC NOTE CALL MAKE WHOLE 15,543 15,112
    BOEING CO NOTE CALL MAKE WHOLE 1.65000% 10,034 9,786
    CATERPILLAR FINL SVCS S BE MTN 2.55000% 21,603 21,369
    CISCO SYS INC NOTE CALL MAKE WHOLE 12,000 11,762
    CISCO SYS INC SRNT 2.90000%03/04/2021 15,012 15,026
    DEERE JOHN CAP CORP MTNSBE3.90000% 18,433 18,342
    INTEL CORP NOTE 03.30000%10/01/2021 19,178 19,201
    INTERNATIONAL BUSINESS MACHS 8.37500% 16,796 16,708
    JPMORGAN CHASE & CO NOTE 3.30000% 15,065 14,285
    MICROSOFT CORP NOTE CALL MAKE WHOLE 20,569 19,834
    ORACLE CORP NOTE CALL MAKE WHOLE 19,752 19,571
    PNC BK N A PITTSBURGH PA 2.60000% 19,843 19,825
    TARGET CORP NOTE CALL MAKE WHOLE 9,267 9,336
    TARGET CORP SR GLBL BD 3.50000% 15,280 15,100

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACADIA HEALTHCARE COMPANY INC COM 3,845 1,954
    AES CORP 7,872 9,573
    AIA GROUP LTD SPONSORED ADR ISIN 5,749 7,737
    AIR LIQUIDE(L) ADR-EACH CNV INTO 1/5 2,498 2,504
    AKZO NOBEL NV SPONSORED ADR ISIN 8,381 8,933
    ALPHABET INC CAP STK CL A 9,711 17,764
    AMADEUS IT GROUP S A ADS 5,138 7,094
    AMBEV SA SPONSORED ADR 1,599 1,023
    AMERICAN CAMPUS CMNTYS INC 5,483 5,712
    AMERICAN INTL GROUP INC COM NEW 2,842 1,892
    AMG RIVER ROAD LONG SHORT CLASS I 37,040 35,934
    AMNEAL PHARMACEUTICALS INC COM STK CL A 1,952 1,272
    AMPHENOL CORP CL A 6,650 9,803
    ANSYS INC ANSS 2,063 3,002
    APPLE INC 9,681 19,560
    APTARGROUP INC ATR 2,108 2,728
    AQR STYLE PREMIA ALTERNATIVE LV FD I 27,420 26,237
    ARTISAN PARTNERS ASSET MGMT INC COM APAM 2,428 1,327
    ASG MANAGED FUTURES STRATEGY FUND CL Y 17,078 16,253
    AT&T INC COM 7,157 5,737
    BAIDU INC SPONS ADR REPR 0.10 ORD CLS A 5,369 3,172
    BAKER HUGHES INC 9,376 5,096
    BARCLAYS PLC ADR-EACH CV INTO 7,302 5,376
    BARON EMERGING MARKETS FUND INSTL 99,012 96,462
    BAYER AG SPON ADR-EACH REPR 1 ORDNPV 11,506 6,594
    BECTON DICKINSON CO 7,673 7,210
    BERKSHIRE HATHAWAY INC DEL CL B NEW 5,714 8,576
    BERRY GLOBAL GROUP INC 4,599 3,993
    BIO RAD LABORATORIES INC CL A 4,402 3,251
    BJ'S RESTAURANTS INC 2,933 3,338
    BLACKBAUD INC BLKB 2,377 2,327
    BNP PARIBAS SPONSORED ADR 7,736 5,573
    BOOKING HLDGS INC COM 12,857 15,502
    BOOZ ALLEN HAMILTON HLDG CORP CL A 4,288 5,949
    BP PLC SPONSORED ADR 8,872 10,049
    BRAMBLES LTD SPON ADR EA REPR 2 ORD 7,114 6,202
    BRITISH AMERICAN TOBACCO LVL II ADR EACH 8,837 5,576
    BROADRIDGE FINANCIAL SOLUTIONS LLC 5,118 6,256
    BURLINGTON STORES INC COM ISIN BURL 2,957 7,645
    CALLON PETROLEUM CORP 4,087 2,142
    CARTER INC FORMERLY CARTER HLDG INC TO 4,467 3,673
    CATALENT INC COM CTLT 3,757 3,804
    CAVCO INDS INC DEL 2,688 3,651
    CHEVRON CORP NEW 12,969 12,728
    CISCO SYS INC COM 9,280 12,999
    CITIGROUP INC COM NEW 10,222 9,683
    CLP HOLDINGS LTD ADR EACH REP 1 HKD5 7,909 8,648
    COGNEX CORP COM CGNX 3,843 4,795
    COGNIZANT TECH SOLUTIONS CORP 8,832 9,903
    COMCAST CORP NEW CL A 7,556 7,797
    CORESITE REALTY CORP COM USD0.01 4,055 3,140
    CORNING INC 7,195 8,731
    COUSINS PPTYS INC 1,439 1,193
    CTRIP.COM INTERNATIONAL LTD ADS EACH REP 2,674 1,515
    CVS HEALTH CORP COM 7,629 6,159
    CYPRESS SEMICONDUCTR CORP 8,454 8,459
    DAIKIN INDS LTD ADR ISIN #US23381B1061 6,236 7,802
    DANONE ADR-EA CNV INTO 1/5 EUR0.25(CBK) 4,285 4,317
    DISNEY WALT CO 9,724 9,759
    DOLLAR TREE INC COM ISIN 15,067 17,161
    DORMAN PRODS INC COM DORM 3,835 5,941
    DOUBLELINE TOTAL RETURN BOND FD CL I 226,983 218,560
    DOWDUPONT INC COM 9,407 8,075
    DRIL QUIP INC DRQ 2,154 871
    EAGLE MATERIALS INC 4,193 2,746
    EASTERLY GOVT PPTYS INC COM 4,410 3,575
    ECOLAB INC 4,119 5,157
    ENBRIDGE INC COM ISIN #CA29250N1050 4,582 3,450
    ENI SPA ADR EACH REP 2 ORD EURI(MGT) 4,497 4,631
    EPAM SYS INC COM USD0.001 2,768 2,436
    EQUINOX IPM SYSTEMAT IC MACRO FD CL I 25,634 25,659
    EXPEDIA INC DEL COM NEW 7,696 6,984
    EXPONENT INC EXPO 3,774 7,201
    FACEBOOK INC COM USD 0.000006 CL A 15,277 11,274
    FASTENAL CO 6,771 8,105
    FIVE BELOW INC COM ISIN #US33829M1018 FIVE 2,395 6,139
    FORTUNE BRANDS HOME & SECURITY INC 4,309 3,115
    FREEPORT MCMORAN INC 4,490 2,732
    GARDNER DENVER HLDGS INC COM 4,271 3,456
    GARTNER INC COM IT 5,257 6,903
    GEA GROUP AG SPON ADR EACH REPR 1ORD 8,453 4,964
    GENERAL ELECTRIC CO 11,891 3,618
    GILEAD SCIENCES INC 12,098 9,570
    GLACIER BANCORP INC NEW COM ISIN GBCI 2,846 3,487
    GRACO INC 2,490 3,599
    HDFC BANK LTD ADS EACH REPR 3 INR10(MGT) 5,103 7,976
    HEXCEL CORP COM NEW 4,751 4,071
    HITACHI LTDADR 10 COM 4,634 3,746
    HOME DEPOT INC COM 9,696 8,935
    ICU MED INC COM ISIN #US44930G1076 SEDOL ICUI 2,958 5,741
    INTERCONTINENTAL EXCHANGE INC COM 9,128 11,525
    INTESA SANPAOLO S P A SPON ADR ISIN 5,103 3,912
    INTL BUSINESS MACH 3,851 3,069
    JAMES RIVER GROUP HOLDINGS COM USD 3,584 3,398
    JAZZ PHARMACEUTICALS PLC COM USD0.002 2,692 2,107
    JOHNSON CONTROLS INTERNATIONAL PLC COM 8,811 6,375
    JONES LANG LASALLE INC 1,995 1,772
    JPMORGAN CHASE & CO 9,466 12,691
    JPMORGAN STRATEGIC INCOME OPPS - CL I 92,287 90,612
    KBC GROUP NV ADR 5,031 4,568
    KDDI CORP ADR 6,724 6,134
    KONINKLIJKE PHILIPS N V NY REG SH NEW 6,556 7,549
    KUBOTA CORP ADR-EACH CNV INTO 5 ORD NPV 8,148 7,330
    LENNAR CORP CL A 6,410 5,011
    LENNAR CORP CL B 76 63
    LINCOLN ELECTRIC HOLDINGS LECO 2,966 3,391
    LITHIA MOTORS INC CL A 3,449 2,672
    LOREAL ADR EACH REP 1/5 ORD EUR0.20 3,465 4,186
    LS OPORTUNITY FUND 37,791 34,354
    LVMH MOET HENNESSY VUITTON SE ADR EACH 1,870 1,948
    MARKETAXESS HLDGS INC COM ISIN MKTX 5,274 9,509
    MASTERCARD INC CL A 6,999 13,583
    MATADOR RESOURCES COMPANY COM USD0.01 3,720 2,128
    MAXIM INTEGRATED PRODS INC 6,152 7,678
    MEDTRONIC PLC 5,299 5,640
    MELLANOX TECHNOLOGIES LTD COM STK 1,971 3,510
    MERCK& CO INC NEW COM 9,446 11,920
    METLIFE INC COM 9,363 8,089
    MICHAELS COS INC COM 3,577 1,869
    MID AMER APT CMNTYS INC COM 2,736 3,158
    MIDDLEBY CORP 6,847 6,986
    MIDDLEBY CORP MIDD 3,140 2,774
    MITSUBISHI UFJ FINL GROUP INC SPONSORED 7,257 5,474
    NESTLE S A SPONSORED ADR ISIN 8,781 9,309
    NEUROCRINE BIOSCIENCES INC 4,160 3,142
    NORDSON CORP COM ISIN #US6556631025 NDSN 3,015 4,058
    NOVA-NORDISK A S ADR 11,634 10,965
    NOVARTIS A G SPONSORED ADR 4,748 4,891
    NOVO-NORDISKA SADR 7,638 8,062
    NVENT ELECTRIC PLC COM USD 0.01 4,493 4,178
    OGE ENERGY CORP HOLDING CO 3,132 3,958
    PACKWEST BANCORP DEL COM 2,393 1,731
    PARSLEY ENERGY INC CL A 4,458 2,509
    PENTAIR PLC COM 3,987 3,476
    PEPSICO INC 7,228 7,734
    PEPSICO INC 6,587 7,513
    PHILLIPS 66 COM 8,688 9,132
    PHYSICIANS REALTY TRUST COM 4,292 3,767
    PINNACLE FINL PARTNERS INC 5,506 4,195
    POLARIS INDS INC 3,991 3,144
    POOL CORP COM 2,419 3,270
    PORTLAND GEN ELEC CO COM NEW 3,437 3,989
    POWER INTEGRATIONS INC POWI 2,245 2,561
    PREMIER INC CL A 4,235 4,818
    PRICESMART INC PSMT 4,980 3,310
    PROASSURANCE CORP PRA 3,554 2,880
    PROCTOR AND GAMBLE CO COM 8,505 8,732
    QUAKER CHEM CORP COM ISIN #US7473161070 KWR 2,942 5,154
    RAPID7 INC COM 2,182 3,023
    RBC BEARINGS INC ROLL 3,687 6,031
    RECKITT BENCKISER GROUP PLC SPONSORED 5,368 4,380
    RELX NV ADR REP 1 SHS EUR0.07 6,100 7,592
    RIO TINTO ADR EACH REP 1 ORD 4,795 6,157
    RITCHIE BROS AUCTIONEERS COM ISIN RBA 3,739 4,057
    RIVERPARK STRATEGIC INCOME FUND INSTL 214,117 198,584
    RMB MENDON FINANCIAL LONG SHORT CL I 17,400 14,182
    ROCHE HLDG LTD SPONSORED ADR ISIN 10,804 9,784
    ROYAL DUTCH SHELL ADR EA REP 2 CL A 7,416 7,459
    RPM INTL INC FORMERLY RPM INC OHIO TO RPM 6,990 7,994
    S&P GLOBAL INC COM 9,419 7,987
    SCHLUMBERGER LIMITED COM USD0.01 12,323 6,134
    SCHNEIDER ELECTRIC SE ADR ISIN 9,177 8,602
    SCHNEIDER NATIONAL INC CL B 3,327 2,726
    SEAGATE TECHNOLOGY PLC COM 2,299 2,277
    SEVEN &I HOLDINGS CO LTD UNSP ADR EACH 3,339 3,531
    SHERWIN WILLIAMS CO 7,810 11,017
    SIGNATURE BK NEW YORK N Y COM ISIN SBNY 6,020 4,421
    SILICON LABORATORIES INC OC COM 3,271 3,310
    SILICON MOTION TECHNOLOGY CORP SPONS ADR 3,346 2,484
    SILVERPEPPER MERGER ARBITRAGE INSTL 25,396 25,119
    SOFTBANK GROUP CORP UNSP ADR EACH REPR 4,974 4,827
    SONIC HEALTHCARE SPON ADR EACH REP 1 ORD 3,911 3,798
    SPDR S&P ETF TRUST UNIT SER 1 S&P 152,865 247,421
    SS&C TECHNOLOGIES HLDGS INC COM SSNC 3,676 4,691
    STARBUCKS CORP 5,827 9,853
    STATE STR CORP COM 8,221 6,748
    STERIS PLC GBP0.1 STE 3,926 5,556
    SUMMIT HOTEL PPTYS INC COM 5,503 3,376
    SUN COMNTYS INC 3,374 5,187
    SUPERIOR ENERGY SERVICES INC SPN 3,149 693
    SYMRISE AG UNSP ADR EACH REPR 0.25 ORD 4,606 5,419
    TAIWAN SEMICONDUCTOR MFG LTD SPONSORED 5,425 7,382
    TAPESTRY INC COM 9,075 7,358
    TARGET CORP COM 4,227 3,767
    TECHTRONIC INDUSTRIES CO ADR EACH 1 CNV 3,491 4,570
    TESCO SPON ADR EACH REP 3 ORD SHS 2,081 1,496
    TEXAS CAP BANCSHARES INC TCBI 4,532 3,372
    TEXAS ROADHOUSE INC COM 4,901 4,537
    TEXTRON INC 7,680 7,680
    THERMO FISHER SCIENTIFIC INC 7,709 12,085
    TJX COS INC NEW COM 7,729 9,485
    TOKIO MARINE HOLDINGS INC ADR ISIN 2,661 3,436
    TORO CO COM ISIN #US8910921084 SEDOL TTC 4,567 5,588
    TYLER TECHNOLOGIES INC COM ISIN TYL 3,756 4,646
    UBS GROUP CHF0.10 (REGD) ISIN 10,616 7,007
    ULTIMATE SOFTWARE GROUP INC ULTI 2,833 3,918
    UNION PACIFIC CORP 6,024 8,570
    UNITED PARCEL SVC INC CL B 6,003 5,267
    UNITED TECHNOLOGIES CORP 9,678 8,944
    VANGUARD INDEX FDS FORMERLY VANGUARD 201,876 229,263
    VISA INC COM CL A 6,372 13,194
    WABTEC CORP COM ISIN #US9297401088 SEDOL WAB 5,423 4,285
    WAGEWORKS INC COM USD 2,986 1,630
    WALGREENS BOOTS ALLIANCE INC COM 10,469 9,156
    WEBSTER FINL CORP WATERBURY CONN WBS 3,163 3,647
    WELLS FARGO & CO NEW 7,670 8,202
    WEST PHARMACEUTICAL SERVICES WST 4,646 6,372
    WESTERN ALLIANCE BANCORP 6,375 4,739
    WILLIAM BLAIR MACRO ALLOCATION FUND CL 23,015 22,548
    WPP PLC NEW ADR ISIN #US92937A1025 SEDOL 6,189 3,014
    YUM CHINA HLDGS INC COM 5,682 4,627
    ZEBRA TECHNOLOGIES CORP CL A ZBRA 3,800 7,802
    ZIONS BANCORP 5,518 6,070
    ZURICH INSURANCE GROUP AG SPON ADR 10 7,328 7,611

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    US Government Securities - End of Year Book Value:

    210,573
    US Government Securities - End of Year Fair Market Value:

    207,283
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES GOLD TRUST ISHARES ISIN AT COST 12,393 13,224
    ISHARES TR 20 YR TR BD ETF AT COST 5,661 5,887
    JP MORGAN STRATEGIC INCOME OPPS - CL I AT COST 48,252 47,132
    LEGG MASON WESTERN ASSET MACRO OPP I AT COST 29,443 28,881

    TY 2018 OtherAssetsSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    AXA VARIABLE GROWTH ANNUITY 800,000 800,000 852,545


    TY 2018 OtherDecreasesSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Description Amount
    BASIS ADJUSTMET FOR DONATED SECURITIES 89,532


    TY 2018 OtherExpensesSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINNESOTA ATTORNEY GENERAL - REGISTRATION 25 0   25


    TY 2018 OtherIncreasesSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Description Amount
    BASIS ADJUSTMENT - NO TAX AFFECT 335
    BASIS ADJUSTMENT FOR DONATED SECURITIES SOLD 165,070


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 33,312 33,312   0


    TY 2018 TaxesSchedule
    Name:
    ROLES FAMILY FOUNDATION
    EIN:
    26-1584011
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD AT SOURCE 1,527 1,527   0