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
COCHRAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1501 NJ2-130-03-31
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PENNINGTON, NJ085341501
A Employer identification number

47-5176217
B Telephone number (see instructions)

(609) 274-6834
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$6,824,840J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 175,166 174,512  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 371,271
b Gross sales price for all assets on line 6a 3,064,353
7 Capital gain net income (from Part IV, line 2)... 371,271
8 Net short-term capital gain......... 0
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........ 546,437 545,783  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 96,778 38,711   58,067
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,898 4,197   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 104,676 42,908 0 58,067
25 Contributions, gifts, grants paid....... 821,079 821,079
26 Total expenses and disbursements. Add lines 24 and 25 925,755 42,908 0 879,146
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -379,318
b Net investment income (if negative, enter -0-) 502,875
c Adjusted net income (if negative, enter -0-)... 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............. 2,011 599 599
2 Savings and temporary cash investments......... 193,316 163,435 163,435
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,913,325 Click to see attachment6,562,586 6,660,806
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) 7,108,652 6,726,620 6,824,840
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
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........ 7,108,652 6,726,620
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 7,108,652 6,726,620
31 Total liabilities and net assets/fund balances (see instructions). 7,108,652 6,726,620
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
7,108,652
2
Enter amount from Part I, line 27a .....................
2
-379,318
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,729,334
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,714
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
6,726,620
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 187. ISHARES CORE MSCI EMERGING MARKETS ETF   2015-11-04 2018-01-30
b 151. ISHARES CORE MSCI EMERGING MARKETS ETF   2015-11-30 2018-01-30
c 2. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-02-18 2018-01-30
d 262. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-05-18 2018-01-30
e 310. ISHARES MSCI EUROZONE ETF   2017-10-24 2018-01-31
77. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-07-25 2018-01-31
93. ISHARES MSCI JAPAN ETF   2016-09-02 2018-01-31
40. ISHARES MSCI U K ETF SHS   2015-11-30 2018-01-31
38. ISHARES MSCI U K ETF SHS   2016-02-18 2018-01-31
76. ISHARES MSCI U K ETF SHS   2016-07-25 2018-01-31
21. ISHARES MSCI U K ETF SHS   2016-09-02 2018-01-31
520. VANGUARD GROWTH ETF   2015-11-04 2018-01-31
523. ISHARES MSCI CANADA ETF   2016-09-02 2018-03-06
365. ISHARES MSCI CANADA ETF   2016-10-06 2018-03-06
1898. ISHARES MSCI CANADA ETF   2017-01-23 2018-03-06
389. ISHARES MSCI CANADA ETF   2017-04-24 2018-03-06
297. ISHARES MSCI CANADA ETF   2017-04-25 2018-03-06
165. ISHARES MSCI CANADA ETF   2017-05-17 2018-03-06
3309. ISHARES MSCI EUROZONE ETF   2017-10-24 2018-03-06
4309. ISHARES MSCI EUROZONE ETF   2017-12-05 2018-03-06
83. ISHARES MSCI EUROZONE ETF   2017-12-28 2018-03-06
137. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-07-25 2018-03-06
1480. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-09-02 2018-03-06
646. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-10-06 2018-03-06
1632. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-01-23 2018-03-06
233. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-04-24 2018-03-06
379. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-04-25 2018-03-06
268. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-05-17 2018-03-06
67. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-12-28 2018-03-06
332. ISHARES MSCI SWITZERLAND ETF   2015-11-04 2018-03-06
62. ISHARES MSCI SWITZERLAND ETF   2015-11-04 2018-03-06
112. ISHARES MSCI SWITZERLAND ETF   2015-11-30 2018-03-06
640. ISHARES MSCI SWITZERLAND ETF   2016-09-02 2018-03-06
513. ISHARES MSCI SWITZERLAND ETF   2016-10-06 2018-03-06
429. ISHARES MSCI SWITZERLAND ETF   2017-01-23 2018-03-06
103. ISHARES MSCI SWITZERLAND ETF   2017-04-24 2018-03-06
169. ISHARES MSCI SWITZERLAND ETF   2017-04-25 2018-03-06
174. ISHARES MSCI SWITZERLAND ETF   2017-10-24 2018-03-06
5. ISHARES MSCI SWITZERLAND ETF   2017-12-28 2018-03-06
101. ISHARES MSCI SWEDEN ETF   2015-11-04 2018-03-06
87. ISHARES MSCI SWEDEN ETF   2015-11-04 2018-03-06
32. ISHARES MSCI SWEDEN ETF   2015-11-30 2018-03-06
199. ISHARES MSCI SWEDEN ETF   2016-09-02 2018-03-06
152. ISHARES MSCI SWEDEN ETF   2016-10-06 2018-03-06
116. ISHARES MSCI SWEDEN ETF   2017-01-23 2018-03-06
38. ISHARES MSCI SWEDEN ETF   2017-04-24 2018-03-06
37. ISHARES MSCI SWEDEN ETF   2017-04-25 2018-03-06
98. ISHARES MSCI SWEDEN ETF   2017-05-17 2018-03-06
7. ISHARES MSCI SWEDEN ETF   2017-12-28 2018-03-06
240. ISHARES NASDAQ BIOTECHNOLOGY ETF   2015-11-04 2018-03-06
3. ISHARES NASDAQ BIOTECHNOLOGY ETF   2015-11-30 2018-03-06
92. ISHARES MBS ETF   2015-02-14 2018-03-06
28. ISHARES 3-7 YEAR TREASURY BOND ETF   2015-03-17 2018-03-06
807. ISHARES MSCI JAPAN ETF   2016-09-02 2018-03-06
509. ISHARES MSCI JAPAN ETF   2016-10-06 2018-03-06
1011. ISHARES MSCI JAPAN ETF   2017-01-23 2018-03-06
260. ISHARES MSCI JAPAN ETF   2017-04-24 2018-03-06
268. ISHARES MSCI JAPAN ETF   2017-04-25 2018-03-06
138. ISHARES MSCI JAPAN ETF   2017-05-17 2018-03-06
33. ISHARES MSCI JAPAN ETF   2017-12-28 2018-03-06
459. ISHARES MSCI U K ETF SHS   2016-09-02 2018-03-06
1086. ISHARES MSCI U K ETF SHS   2016-09-02 2018-03-06
801. ISHARES MSCI U K ETF SHS   2016-10-06 2018-03-06
2829. ISHARES MSCI U K ETF SHS   2017-01-23 2018-03-06
408. ISHARES MSCI U K ETF SHS   2017-04-24 2018-03-06
449. ISHARES MSCI U K ETF SHS   2017-04-25 2018-03-06
340. ISHARES MSCI U K ETF SHS   2017-10-24 2018-03-06
48. ISHARES MSCI U K ETF SHS   2017-12-28 2018-03-06
512. HEALTH CARE SELECT SECTOR SPDR FUND   2015-11-04 2018-03-06
502. ENERGY SELECT SECTOR SPDR FUND   2016-09-19 2018-03-06
1394. FINANCIAL SELECT SECTOR SPDR FUND   2015-11-04 2018-03-06
186. FINANCIAL SELECT SECTOR SPDR FUND   2015-11-30 2018-03-06
82. REAL ESTATE SELECT   2016-09-22 2018-03-06
54. VANGUARD INTERMEDIATE   2015-02-14 2018-03-06
94. VANGUARD SHORT TERM BOND   2015-02-14 2018-03-06
143. VANGUARD INDUSTRIAL ETF   2015-11-04 2018-03-06
480. VANGUARD INFORMATION   2015-11-04 2018-03-06
26. VANGUARD SMALL-CAP GROWTH ETF   2015-11-04 2018-03-06
79. VANGUARD GROWTH ETF   2015-11-04 2018-03-06
12. ISHARES TIPS BOND ETF   2015-03-17 2018-03-28
32. ISHARES TIPS BOND ETF   2015-11-04 2018-03-28
27. ISHARES IBOXX INVESTMENT GRADE CORP BD   2015-02-14 2018-03-28
19. ISHARES NASDAQ BIOTECHNOLOGY ETF   2015-11-30 2018-03-28
22. ISHARES IBOXX$ HIGH YIEL   2016-06-22 2018-03-28
73. ISHARES MBS ETF   2015-02-14 2018-03-28
1. ISHARES MBS ETF   2015-02-24 2018-03-28
1. ISHARES MBS ETF   2015-03-09 2018-03-28
27. ISHARES 3-7 YEAR TREASURY BOND ETF   2015-03-17 2018-03-28
104. ISHARES CORE MSCI EAFE ETF   2018-03-06 2018-03-28
74. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-05-18 2018-03-28
81. POWERSHARES PREFERRED PORTFOLIO   2015-11-04 2018-03-28
41. POWERSHARES EMERGING MARKETS   2015-02-14 2018-03-28
54. HEALTH CARE SELECT SECTOR SPDR FUND   2015-11-04 2018-03-28
216. VANECK VECTORS J.P.   2015-03-09 2018-03-28
108. VANGUARD INTERMEDIATE   2015-02-14 2018-03-28
62. VANGUARD SHORT TERM BOND   2015-02-14 2018-03-28
61. VANGUARD CONSUMER   2015-11-04 2018-03-28
3. VANGUARD SMALL-CAP GROWTH ETF   2015-11-04 2018-03-28
110. VANGUARD SMALL-CAP VALUE ETF   2015-11-04 2018-03-28
26. VANGUARD SMALL-CAP VALUE ETF   2015-11-30 2018-03-28
12. VANGUARD SMALL-CAP VALUE ETF   2016-02-18 2018-03-28
258. VANGUARD SMALL-CAP VALUE ETF   2016-05-18 2018-03-28
73. VANGUARD SMALL-CAP VALUE ETF   2016-09-02 2018-03-28
207. VANGUARD VALUE VIPERS   2015-11-04 2018-03-28
263. INVESCO EMERGING MARKETS   2015-02-14 2018-06-20
1393. ISHARES CORE MSCI EAFE ETF   2018-03-06 2018-06-20
2. VANECK VECTORS J.P.   2015-03-09 2018-06-20
633. VANECK VECTORS J.P.   2015-03-17 2018-06-20
371. VANECK VECTORS J.P.   2015-11-04 2018-06-20
51. VANECK VECTORS J.P.   2015-11-30 2018-06-20
213. VANECK VECTORS J.P.   2016-06-22 2018-06-20
88. VANECK VECTORS J.P.   2016-10-06 2018-06-20
4. FIRST TR ISE CLOUD COMP   2015-11-04 2018-06-21
286. REAL ESTATE SELECT   2016-09-22 2018-06-21
23. REAL ESTATE SELECT   2016-09-23 2018-06-21
7. VANGUARD CONSUMER   2015-11-04 2018-06-21
14. VANGUARD INFORMATION   2015-11-04 2018-06-21
105. VANGUARD SMALL-CAP VALUE ETF   2016-09-02 2018-06-21
98. VANGUARD GROWTH ETF   2015-11-04 2018-06-21
301. VANGUARD VALUE VIPERS   2015-11-04 2018-06-21
95. FIRST TR EXCHANGE TRADED   2015-11-04 2018-06-22
14. ENERGY SELECT SECTOR SPDR FUND   2016-09-19 2018-06-22
593. VANGUARD INTERMEDIATE   2015-02-14 2018-06-22
148. CONSUMER DISCRETIONARY SEL SECTOR SPDR   2015-11-04 2018-08-29
156. VANGUARD MATERIALS ETF   2015-11-04 2018-08-29
22. VANGUARD MATERIALS ETF   2015-11-30 2018-08-29
35. VANGUARD MATERIALS ETF   2016-09-19 2018-08-29
210. VANGUARD TELECOMM SRVCS   2018-03-06 2018-08-29
14. VANGUARD TELECOMM SRVCS   2018-06-21 2018-08-29
177. FIRST TR EXCHANGE TRADED   2015-11-04 2018-10-18
38. FIRST TR EXCHANGE TRADED   2015-11-30 2018-10-18
32. FIRST TR EXCHANGE TRADED   2016-02-18 2018-10-18
111. FIRST TR EXCHANGE TRADED   2016-09-19 2018-10-18
709. FIRST TR ISE CLOUD COMP   2015-11-04 2018-10-18
107. FIRST TR ISE CLOUD COMP   2015-11-30 2018-10-18
20. FIRST TR ISE CLOUD COMP   2016-02-18 2018-10-18
216. FIRST TR ISE CLOUD COMP   2016-09-19 2018-10-18
503. CONSUMER DISCRETIONARY SEL SECTOR SPDR   2015-11-04 2018-10-18
210. VANGUARD INFORMATION   2015-11-04 2018-10-18
110. VANGUARD INFORMATION   2015-11-30 2018-10-18
26. VANGUARD INFORMATION   2016-09-19 2018-10-18
.5 VANECK VECTORS J.P   2017-12-28 2018-10-30
9. FIRST TR ISE CLOUD COMP   2016-09-19 2018-11-06
45. HEALTH CARE SELECT SECTOR SPDR FUND   2015-11-04 2018-11-06
19. CONSUMER DISCRETIONARY SEL SECTOR SPDR   2015-11-04 2018-11-06
13. FINANCIAL SELECT SECTOR SPDR FUND   2015-11-30 2018-11-06
31. REAL ESTATE SELECT   2016-09-23 2018-11-06
33. VANGUARD CONSUMER   2015-11-04 2018-11-06
5. VANGUARD CONSUMER   2015-11-30 2018-11-06
116. FIRST TR EXCHANGE TRADED   2016-09-19 2018-12-17
331. FIRST TR ISE CLOUD COMP   2016-09-19 2018-12-17
106. INVESCO PREFERRED ETF   2015-11-04 2018-12-17
100. INVESCO EMERGING MARKETS   2015-02-14 2018-12-17
367. INVESCO EMERGING MARKETS   2015-03-17 2018-12-17
70. ISHARES TIPS BOND ETF   2015-11-04 2018-12-17
232. ISHARES IBOXX INVESTMENT GRADE CORP BD   2015-02-14 2018-12-17
15. ISHARES NASDAQ BIOTECHNOLOGY ETF   2015-11-30 2018-12-17
2. ISHARES NASDAQ BIOTECHNOLOGY ETF   2015-11-30 2018-12-17
34. ISHARES NASDAQ BIOTECHNOLOGY ETF   2016-02-18 2018-12-17
48. ISHARES IBOXX$ HIGH YIEL   2016-06-22 2018-12-17
1. ISHARES IBOXX$ HIGH YIEL   2016-09-02 2018-12-17
170. ISHARES MBS ETF   2015-03-09 2018-12-17
177. ISHARES MBS ETF   2015-03-09 2018-12-17
59. ISHARES MBS ETF   2015-03-17 2018-12-17
157. ISHARES 3-7 YEAR TREASURY BOND ETF   2015-03-17 2018-12-17
442. ISHARES CORE MSCI EAFE ETF   2018-03-06 2018-12-17
449. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-05-18 2018-12-17
140. HEALTH CARE SELECT SECTOR SPDR FUND   2015-11-04 2018-12-17
113. HEALTH CARE SELECT SECTOR SPDR FUND   2015-11-30 2018-12-17
25. HEALTH CARE SELECT SECTOR SPDR FUND   2016-04-14 2018-12-17
61. CONSUMER DISCRETIONARY SEL SECTOR SPDR   2015-11-04 2018-12-17
117. CONSUMER DISCRETIONARY SEL SECTOR SPDR   2015-11-30 2018-12-17
61. CONSUMER DISCRETIONARY SEL SECTOR SPDR   2016-02-18 2018-12-17
33. FINANCIAL SELECT SECTOR SPDR FUND   2015-11-30 2018-12-17
69. FINANCIAL SELECT SECTOR SPDR FUND   2016-02-18 2018-12-17
39. FINANCIAL SELECT SECTOR SPDR FUND   2016-04-14 2018-12-17
51. FINANCIAL SELECT SECTOR SPDR FUND   2016-10-03 2018-12-17
423. COMM SERVICES SELECT   2018-10-18 2018-12-17
152. REAL ESTATE SELECT   2016-09-23 2018-12-17
60. REAL ESTATE SELECT   2016-09-23 2018-12-17
41. VANECK VECTORS J.P   2016-10-06 2018-12-17
391. VANGUARD INTERMEDIATE   2015-02-14 2018-12-17
115. VANGUARD INTERMEDIATE   2015-02-15 2018-12-17
244. VANGUARD SHORT TERM BOND   2015-02-14 2018-12-17
227. VANGUARD SHORT TERM BOND   2015-02-15 2018-12-17
11. VANGUARD CONSUMER   2015-11-30 2018-12-17
8. VANGUARD CONSUMER   2016-04-14 2018-12-17
6. VANGUARD CONSUMER   2016-09-19 2018-12-17
89. VANGUARD CONSUMER   2016-09-19 2018-12-17
102. VANGUARD INDUSTRIAL ETF   2015-11-04 2018-12-17
100. VANGUARD INFORMATION   2016-09-19 2018-12-17
13. VANGUARD MATERIALS ETF   2016-09-19 2018-12-17
344. VANGUARD GROWTH ETF   2015-11-04 2018-12-17
1637. VANGUARD VALUE VIPERS   2015-11-04 2018-12-17
8. FIRST TR EXCHANGE TRADED   2016-09-19 2018-12-20
67. FIRST TR ISE CLOUD COMP   2016-09-19 2018-12-20
31. INVESCO PREFERRED ETF   2015-11-04 2018-12-20
47. INVESCO PREFERRED ETF   2015-11-30 2018-12-20
1. INVESCO PREFERRED ETF   2016-09-02 2018-12-20
61. INVESCO EMERGING MARKETS   2015-03-17 2018-12-20
92. INVESCO EMERGING MARKETS   2015-11-04 2018-12-20
36. ISHARES TIPS BOND ETF   2015-11-04 2018-12-20
76. ISHARES IBOXX INVESTMENT GRADE CORP BD   2015-11-04 2018-12-20
11. ISHARES IBOXX$ HIGH YIEL   2016-09-02 2018-12-20
139. ISHARES MBS ETF   2015-03-17 2018-12-20
49. ISHARES 3-7 YEAR TREASURY BOND ETF   2015-03-17 2018-12-20
340. ISHARES CORE MSCI EAFE ETF   2018-03-06 2018-12-20
216. ISHARES CORE MSCI EMERGING MARKETS ETF   2016-05-18 2018-12-20
16. HEALTH CARE SELECT SECTOR SPDR FUND   2016-04-14 2018-12-20
31. CONSUMER DISCRETIONARY SEL SECTOR SPDR   2016-02-18 2018-12-20
62. FINANCIAL SELECT SECTOR SPDR FUND   2016-10-03 2018-12-20
42. COMM SERVICES SELECT   2018-10-18 2018-12-20
28. REAL ESTATE SELECT   2016-09-23 2018-12-20
23. VANECK VECTORS J.P   2016-10-06 2018-12-20
166. VANGUARD INTERMEDIATE   2015-02-15 2018-12-20
15. VANGUARD SHORT TERM BOND   2015-02-15 2018-12-20
6. VANGUARD SHORT TERM BOND   2015-02-24 2018-12-20
129. VANGUARD SHORT TERM BOND   2015-11-04 2018-12-20
4. VANGUARD CONSUMER   2016-09-19 2018-12-20
28. VANGUARD INDUSTRIAL ETF   2015-11-04 2018-12-20
19. VANGUARD INFORMATION   2016-09-19 2018-12-20
6. VANGUARD MATERIALS ETF   2016-09-19 2018-12-20
6. VANGUARD SMALL-CAP VALUE ETF   2016-09-02 2018-12-20
58. VANGUARD GROWTH ETF   2015-11-04 2018-12-20
208. VANGUARD VALUE VIPERS   2015-11-04 2018-12-20
(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 11,403   8,087 3,316
b 9,208   6,218 2,990
c 122   75 47
d 15,977   10,402 5,575
e 14,377   13,470 907
3,813   3,162 651
5,854   4,630 1,224
1,483   1,374 109
1,409   1,153 256
2,817   2,348 469
778   678 100
78,019   57,370 20,649
14,456   13,509 947
10,089   9,231 858
52,461   50,862 1,599
10,752   10,447 305
8,209   7,934 275
4,561   4,290 271
145,063   143,776 1,287
188,902   186,909 1,993
3,639   3,609 30
6,570   5,625 945
70,979   60,816 10,163
30,981   27,215 3,766
78,269   68,315 9,954
11,174   10,407 767
18,176   16,974 1,202
12,853   11,810 1,043
3,213   3,198 15
11,590   10,598 992
2,164   1,971 193
3,910   3,467 443
22,342   19,518 2,824
17,908   15,547 2,361
14,976   12,951 2,025
3,596   3,370 226
5,900   5,602 298
6,074   6,004 70
175   178 -3
3,427   3,086 341
2,952   2,648 304
1,086   972 114
6,752   5,721 1,031
5,157   4,447 710
3,936   3,424 512
1,289   1,240 49
1,255   1,227 28
3,325   3,296 29
238   238  
26,522   26,931 -409
332   340 -8
9,559   10,099 -540
3,360   3,449 -89
49,064   40,172 8,892
30,946   25,279 5,667
61,467   51,024 10,443
15,808   13,467 2,341
16,294   13,944 2,350
8,390   7,240 1,150
2,006   1,976 30
16,005   14,824 1,181
37,868   35,074 2,794
27,930   25,135 2,795
98,645   88,886 9,759
14,227   13,459 768
15,656   14,892 764
11,856   11,839 17
1,674   1,708 -34
42,992   37,052 5,940
33,995   34,025 -30
40,258   29,930 10,328
5,372   4,028 1,344
2,489   2,669 -180
4,390   4,612 -222
7,360   7,530 -170
20,367   14,992 5,375
86,014   53,998 32,016
4,305   3,259 1,046
11,621   8,716 2,905
1,355   1,340 15
3,612   3,534 78
3,157   3,260 -103
2,000   2,154 -154
1,878   1,848 30
7,634   8,013 -379
105   110 -5
105   110 -5
3,256   3,326 -70
6,802   6,913 -111
4,233   2,938 1,295
1,179   1,202 -23
1,150   1,171 -21
4,364   3,908 456
4,210   4,093 117
8,826   9,224 -398
4,864   4,967 -103
8,234   7,809 425
485   376 109
14,061   11,521 2,540
3,324   2,731 593
1,534   1,099 435
32,979   26,316 6,663
9,331   8,156 1,175
21,128   17,265 3,863
6,943   7,513 -570
88,831   92,592 -3,761
34   38 -4
10,812   11,160 -348
6,337   6,197 140
871   839 32
3,638   3,821 -183
1,503   1,614 -111
219   124 95
9,143   9,309 -166
735   767 -32
942   896 46
2,620   1,575 1,045
14,607   11,731 2,876
14,998   10,812 4,186
31,716   25,105 6,611
13,658   7,182 6,476
1,037   949 88
47,771   50,646 -2,875
17,273   12,073 5,200
21,250   15,559 5,691
2,997   2,185 812
4,768   3,682 1,086
18,442   18,610 -168
1,229   1,211 18
22,735   13,381 9,354
4,881   2,917 1,964
4,110   2,022 2,088
14,257   8,795 5,462
36,951   21,959 14,992
5,576   3,324 2,252
1,042   536 506
11,257   7,273 3,984
54,121   41,033 13,088
39,448   23,624 15,824
20,663   12,327 8,336
4,884   3,096 1,788
16   19 -3
469   303 166
4,059   3,257 802
2,057   1,550 507
349   282 67
1,008   1,034 -26
4,779   4,224 555
724   640 84
13,724   9,191 4,533
16,212   11,144 5,068
1,426   1,573 -147
2,637   2,857 -220
9,679   10,205 -526
7,646   7,730 -84
26,185   28,015 -1,830
1,511   1,700 -189
201   227 -26
3,424   3,001 423
3,977   4,033 -56
83   87 -4
17,639   18,678 -1,039
18,366   19,447 -1,081
6,122   6,481 -359
18,901   19,341 -440
24,854   29,380 -4,526
21,464   17,826 3,638
12,217   10,131 2,086
9,861   8,109 1,752
2,182   1,756 426
6,109   4,976 1,133
11,718   9,493 2,225
6,109   4,413 1,696
796   715 81
1,665   1,250 415
941   781 160
1,231   979 252
18,172   19,761 -1,589
4,924   5,068 -144
1,944   2,000 -56
1,336   1,492 -156
31,587   33,394 -1,807
9,290   9,814 -524
19,113   19,547 -434
17,782   18,185 -403
1,502   1,407 95
1,092   1,079 13
819   820 -1
12,153   12,166 -13
12,521   10,694 1,827
16,931   11,908 5,023
1,436   1,368 68
47,198   37,953 9,245
164,424   136,537 27,887
915   634 281
3,212   2,256 956
413   460 -47
626   700 -74
13   15 -2
1,614   1,696 -82
2,435   2,594 -159
3,933   3,975 -42
8,551   8,782 -231
889   956 -67
14,473   15,268 -795
5,903   6,036 -133
18,635   22,600 -3,965
10,114   8,576 1,538
1,356   1,124 232
2,999   2,243 756
1,463   1,190 273
1,742   1,962 -220
898   934 -36
757   837 -80
13,431   14,167 -736
1,176   1,202 -26
470   480 -10
10,111   10,314 -203
526   547 -21
3,333   2,936 397
3,131   2,263 868
650   631 19
685   670 15
7,699   6,399 1,300
20,346   17,349 2,997
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,316
b       2,990
c       47
d       5,575
e       907
      651
      1,224
      109
      256
      469
      100
      20,649
      947
      858
      1,599
      305
      275
      271
      1,287
      1,993
      30
      945
      10,163
      3,766
      9,954
      767
      1,202
      1,043
      15
      992
      193
      443
      2,824
      2,361
      2,025
      226
      298
      70
      -3
      341
      304
      114
      1,031
      710
      512
      49
      28
      29
       
      -409
      -8
      -540
      -89
      8,892
      5,667
      10,443
      2,341
      2,350
      1,150
      30
      1,181
      2,794
      2,795
      9,759
      768
      764
      17
      -34
      5,940
      -30
      10,328
      1,344
      -180
      -222
      -170
      5,375
      32,016
      1,046
      2,905
      15
      78
      -103
      -154
      30
      -379
      -5
      -5
      -70
      -111
      1,295
      -23
      -21
      456
      117
      -398
      -103
      425
      109
      2,540
      593
      435
      6,663
      1,175
      3,863
      -570
      -3,761
      -4
      -348
      140
      32
      -183
      -111
      95
      -166
      -32
      46
      1,045
      2,876
      4,186
      6,611
      6,476
      88
      -2,875
      5,200
      5,691
      812
      1,086
      -168
      18
      9,354
      1,964
      2,088
      5,462
      14,992
      2,252
      506
      3,984
      13,088
      15,824
      8,336
      1,788
      -3
      166
      802
      507
      67
      -26
      555
      84
      4,533
      5,068
      -147
      -220
      -526
      -84
      -1,830
      -189
      -26
      423
      -56
      -4
      -1,039
      -1,081
      -359
      -440
      -4,526
      3,638
      2,086
      1,752
      426
      1,133
      2,225
      1,696
      81
      415
      160
      252
      -1,589
      -144
      -56
      -156
      -1,807
      -524
      -434
      -403
      95
      13
      -1
      -13
      1,827
      5,023
      68
      9,245
      27,887
      281
      956
      -47
      -74
      -2
      -82
      -159
      -42
      -231
      -67
      -795
      -133
      -3,965
      1,538
      232
      756
      273
      -220
      -36
      -80
      -736
      -26
      -10
      -203
      -21
      397
      868
      19
      15
      1,300
      2,997
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 2 371,271
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 730,008 7,745,617 0.094248
2016 279,414 3,680,014 0.075927
2015 50,963 1,529,782 0.033314
2014      
2013      
2
Total of line 1, column (d) .....................
2
0.203489
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
0.06783
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
8,119,155
5
Multiply line 4 by line 3......................
5
550,722
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,029
7
Add lines 5 and 6........................
7
555,751
8
Enter qualifying distributions from Part XII, line 4,.............
8
879,146
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 5,029
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 5,029
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 5,029
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,549
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,549
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 1,480
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 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$   (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)
    bulletMI
    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 ofbulletUST-ML A DIVISION OF BANK OF AMERICA NA Telephone no.bullet (609) 274-6834

    Located atbullet1300 MERRILL LYNCH DRIVEPENNINGTONNJ ZIP+4bullet085341501
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    UST-MLT A DIVISION OF BANK OF AMER
    ICA NA     		TRUSTEE
    2     		96,778    
    PO Box 1501 NJ2-130-03-31
    Pennington,NJ085341501
    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.........................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
    8,073,023
    b
    Average of monthly cash balances.......................
    1b
    169,774
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,242,797
    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
    8,242,797
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    123,642
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,119,155
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    405,958
    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
    405,958
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    5,029
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,029
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    400,929
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    400,929
    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
    400,929
    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
    879,146
    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
    879,146
    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
    5,029
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    874,117
    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 7 400,929
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:2016, 2015, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 38,094
    d From 2016...... 96,969
    e From 2017...... 349,825
    fTotal of lines 3a through e........ 484,888
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 879,146
    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..... 400,929
    e Remaining amount distributed out of corpus 478,217
    5 Excess distributions carryover applied to 2018. 0 0
    (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 5 963,105
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		963,105
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 38,094
    c Excess from 2016.... 96,969
    d Excess from 2017.... 349,825
    e Excess from 2018.... 478,217
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    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
    CARE FREE MEDICAL INC
    5135 S PENNSYLVANIA AVE
    LANSING,MI489114002     		NONE PC GENERAL OPERATING 135,478
    HAVEN HOUSE
    121 WHITEHILLS DR
    EAST LANSING,MI48823     		NONE PC GENERAL OPERATING 135,478
    CAPITAL AREA LITERACYCOALITION
    1028 E SAGINAW ST
    LANSING,MI489065518     		NONE PC GENERAL OPERATING 135,478
    Friends Of The East Lansing Public
    Library Inc
    950 ABBOT RD
    EAST LANSING,MI48823     		NONE PC GENERAL OPERATING 414,645
    Total .................................bullet 3a 821,079
    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 ...........     		         
    4 Dividends and interest from securities....     14 175,166  
    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 ............     		    18 371,271  
    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)..   546,437  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    546,437
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsOtherSchedule2
    Name:
    COCHRAN FAMILY FOUNDATION
    EIN:
    47-5176217
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    92204A207 VANGUARD CONSUMER AT COST 89,975 83,949
    81369Y852 COMM SERVICES SELECT AT COST 205,790 181,838
    92204A603 VANGUARD INDUSTRIAL AT COST 175,861 192,295
    92204A702 VANGUARD INFORMATION AT COST 166,668 215,544
    81369Y407 CONSUMER DISCRETIONA AT COST 190,008 233,367
    464287242 ISHARES IBOXX INVEST AT COST 174,492 168,327
    464288588 ISHARES MBS ETF AT COST 261,161 253,462
    464288661 ISHARES 3-7 YEAR TRE AT COST 111,383 108,896
    92204A801 VANGUARD MATERIALS E AT COST 33,005 31,143
    464287176 ISHARES TIPS BOND ET AT COST 75,292 72,167
    464288513 ISHARES IBOXX$ HIGH AT COST 38,856 36,171
    922908595 VANGUARD SMALL-CAP G AT COST 206,983 210,374
    922908611 VANGUARD SMALL-CAP V AT COST 167,339 155,236
    81369Y506 ENERGY SELECT SECTOR AT COST 17,650 14,911
    46138E511 INVESCO PREFERRED ET AT COST 27,032 24,111
    81369Y209 HEALTH CARE SELECT S AT COST 118,286 137,378
    81369Y605 FINANCIAL SELECT SEC AT COST 64,605 69,626
    81369Y860 REAL ESTATE SELECT AT COST 31,596 29,543
    46434G103 ISHARES CORE MSCI EM AT COST 410,710 418,833
    921937827 VANGUARD SHORT TERM AT COST 219,046 216,617
    922908744 VANGUARD VALUE VIPER AT COST 1,223,459 1,352,983
    464287556 ISHARES NASDAQ BIOTE AT COST 73,828 71,647
    46138E784 INVESCO EMERGING MAR AT COST 79,564 71,783
    46432F842 ISHARES CORE MSCI EA AT COST 1,074,019 888,690
    92189H300 VANECK VECTORS J.P AT COST 13,235 12,012
    921937819 VANGUARD INTERMEDIAT AT COST 253,138 241,187
    922908736 VANGUARD GROWTH ETF AT COST 779,465 890,877
    33733E302 FIRST TR EXCHANGE TR AT COST 143,055 139,409
    33734X192 FIRST TR ISE CLOUD C AT COST 137,085 138,430

    TY 2018 OtherDecreasesSchedule
    Name:
    COCHRAN FAMILY FOUNDATION
    EIN:
    47-5176217
    Description Amount
    MUTUAL FUND TIMING DIFFERENCE 642
    COST BASIS ADJUSTMENT 2,072


    TY 2018 TaxesSchedule
    Name:
    COCHRAN FAMILY FOUNDATION
    EIN:
    47-5176217
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 3,328 3,328   0
    FEDERAL TAX PAYMENT - PRIOR YE 152 0   0
    FEDERAL ESTIMATES - PRINCIPAL 3,549 0   0
    FOREIGN TAXES ON NONQUALIFIED 869 869   0