TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
WALTER & FREDERICA EVANS TR

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

43-6390422

B Telephone number (see instructions)

(314) 418-2643

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$9,892,462J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	266,585		266,585
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,311,952
b	Gross sales price for all assets on line 6a 11,814,154
7	Capital gain net income (from Part IV, line 2)...			1,311,952
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........	1,578,537		1,578,537
13	Compensation of officers, directors, trustees, etc.	84,530		76,077		8,453
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).......		3,250	0	0	3,250
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		53,565	9,065		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).......		230	230
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	141,575		85,372	0	11,703
25	Contributions, gifts, grants paid.......	511,000				511,000
26	Total expenses and disbursements. Add lines 24 and 25	652,575		85,372	0	522,703
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	925,962
b	Net investment income (if negative, enter -0-)			1,493,165
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	-64,512	6,333	6,333
	2	Savings and temporary cash investments.........	1,594	62,589	62,589
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	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).......	8,353,059	8,164,972	7,403,538
	c	Investments—corporate bonds (attach schedule).......	1,118,314	2,231,977	2,100,566
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	381,365	243,041	299,518
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	5,534	19,918	19,918
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,795,354	10,728,830	9,892,462
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	9,795,354	10,728,830
	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).....	9,795,354	10,728,830
	31	Total liabilities and net assets/fund balances (see instructions).	9,795,354	10,728,830

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

9,795,354

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

925,962

Other increases not included in line 2 (itemize) bullet

11,311

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

10,732,627

Decreases not included in line 2 (itemize) bullet

3,797

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

10,728,830

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	2003. ATT INC		2017-01-17	2018-01-24
b	435. ATT INC		2017-02-09	2018-01-24
c	756. ENBRIDGE INC		2017-05-03	2018-01-24
d	276. GEO GROUP INC THE		2017-01-17	2018-01-24
e	261. GEO GROUP INC THE			2018-01-24
	2089. GENERAL ELEC CO			2018-01-24
	304. GENERAL ELEC CO			2018-01-24
	272. MANHATTAN ASSOC INC COM		2016-08-09	2018-01-24
	1088. PARAMOUNT GROUP INC		2016-02-03	2018-01-24
	9. PHYSICIANS REALTY TRUST		2013-09-06	2018-01-24
	154. PHYSICIANS REALTY TRUST		2017-01-24	2018-01-24
	880. PHYSICIANS REALTY TRUST			2018-01-24
	1925. POWERSHARES QQQ ETF			2018-01-24
	277. STORE CAPITAL CORP		2017-01-17	2018-01-24
	128. STORE CAPITAL CORP		2017-01-24	2018-01-24
	53000. WACHOVIA CORP MTN 5.750% 2/01/18		2008-02-14	2018-02-01
	9029. POWERSHARES QQQ ETF		2017-05-03	2018-02-02
	2000. U S TREASURY NT 1.000% 3/15/18		2017-11-28	2018-02-22
	53000. U S TREASURY NT 1.000% 3/15/18		2017-11-28	2018-03-01
	39000. U S TREASURY NT 0.750% 4/30/18		2017-12-06	2018-03-01
	5000. CVS HEALTH CORP 2.125% 6/01/21		2017-05-11	2018-03-12
	7000. U S TREASURY BD 2.500% 11/15/46			2018-03-12
	5000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-03-12
	2999.90962 U S TREASURY NT 2.250% 2/15/27		2017-09-29	2018-03-12
	4000.09038 U S TREASURY NT 2.250% 2/15/27			2018-03-12
	5000. ANHEUSER BUSCH 2.650% 2/01/21		2016-10-04	2018-03-23
	5000. U S TREASURY NT 2.250% 2/15/27		2017-08-10	2018-03-23
	424. ABB LTD A D R		2016-05-13	2018-03-27
	1089. AIA GROUP LTD ADR			2018-03-27
	749. ABBVIE INC			2018-03-27
	27. ACADIA RLTY TR			2018-03-27
	778. ACADIA RLTY TR			2018-03-27
	1418. ACADIA RLTY TR		2018-01-24	2018-03-27
	211. ADIDAS AG A D R			2018-03-27
	415. AGREE RLTY CORP			2018-03-27
	1515.152 INV BALANCE RISK COMM STR Y		2017-05-24	2018-03-27
	27812.091 INV BALANCE RISK COMM STR Y			2018-03-27
	21. ALPHABET INC CL A		2017-01-23	2018-03-27
	203. AMERICAN CAMPUS COMMUNITIES			2018-03-27
	362. AMERICAN CAMPUS COMMUNITIES		2017-01-17	2018-03-27
	20. AMERICAN TOWER CORP		2017-02-09	2018-03-27
	604. AMERICAN TOWER CORP		2017-03-14	2018-03-27
	137. AMERICAN TOWER CORP		2018-01-24	2018-03-27
	223. APPLE COMPUTER INC COM		2016-02-03	2018-03-27
	829. ASTELLAS PHARMA INC A D R		2017-06-30	2018-03-27
	241. AVERY DENNISON CORP			2018-03-27
	1013. AVIANCA HOLDINGS A D R			2018-03-27
	2005. BANK OF AMERICA CORP		2017-01-17	2018-03-27
	98. BOSTON PPTYS INC			2018-03-27
	228. BOSTON PPTYS INC			2018-03-27
	754. BRANDYWINE REALTY TRUST		2017-01-17	2018-03-27
	648. CVS CORP COM		2017-01-17	2018-03-27
	226. CAMBREX CORP COM		2016-05-13	2018-03-27
	29. CAMDEN PPTY TR		2016-02-03	2018-03-27
	294. CAMDEN PPTY TR		2017-08-09	2018-03-27
	2053. CANADIAN NATURAL RESOURCES LTD		2017-01-17	2018-03-27
	2393. CANON INC ADR REPSTG 5 SHS			2018-03-27
	48. CARTERS INC		2017-01-17	2018-03-27
	118. CINTAS CORP COM			2018-03-27
	358. COGNEX CORP		2016-02-03	2018-03-27
	1090. COUSINS PPTYS INC		2017-08-09	2018-03-27
	105. CROWN CASTLE INTL CORP		2017-08-09	2018-03-27
	870. DANONE SPONS A D R		2015-10-22	2018-03-27
	309. DELTA AIR LINES INC		2016-08-09	2018-03-27
	351. DELTA AIR LINES INC		2017-01-17	2018-03-27
	861. DIAMONDROCK HOSPITALITY CO		2017-08-09	2018-03-27
	312. DIGITAL REALTY TRUST INC			2018-03-27
	88. DIGITAL REALTY TRUST INC		2017-08-09	2018-03-27
	173. DISCOVERY COMMUNICATIONS C		2018-03-07	2018-03-27
	801. DUKE REALTY CORPORATION		2017-05-24	2018-03-27
	91. EQUINIX INC			2018-03-27
	189. ESSEX PPTY TR INC		2017-08-09	2018-03-27
	136. EXTRA SPACE STORAGE INC		2017-05-03	2018-03-27
	135. EXTRA SPACE STORAGE INC			2018-03-27
	72. FACTSET RESH SYS INC COM			2018-03-27
	90. F5 NETWORKS INC COM			2018-03-27
	187. 51JOB INC A D R		2017-08-09	2018-03-27
	1600. FLY LEASING LTD A D R			2018-03-27
	118. FOOT LOCKER INC COM		2015-02-17	2018-03-27
	519. FRESENIUS MED AKTIENGESELLSCHAFT ADR			2018-03-27
	300. GAMING LEISURE PROPE W I		2017-04-03	2018-03-27
	741. GILEAD SCIENCES INC COM		2017-05-03	2018-03-27
	636. GLAXO SMITHKLINE P L C A D R		2017-01-17	2018-03-27
	59. HASBRO INC COM		2017-01-17	2018-03-27
	640. HELMERICH PAYNE INC			2018-03-27
	163. HILTON WORLDWIDE HLDGS WI		2017-05-03	2018-03-27
	103. HILTON WORLDWIDE HLDGS WI			2018-03-27
	60. HOME DEPOT INC COM		2017-01-17	2018-03-27
	322. HOME DEPOT INC COM		2017-08-09	2018-03-27
	76. HONEYWELL INTERNATIONAL INC		2017-05-24	2018-03-27
	456. HONEYWELL INTERNATIONAL INC			2018-03-27
	180. HORMEL FOODS CORPORATIONCOM			2018-03-27
	1561. HORMEL FOODS CORPORATIONCOM		2017-03-23	2018-03-27
	462. HUDSON PACIFIC PROPERTIES INC			2018-03-27
	120. HUNT J B TRANS SVCS INC			2018-03-27
	118. IPG PHOTONIC CORP COM		2015-07-17	2018-03-27
	396. INDUSTRIAS BACHOCO SAB DE CV A D R		2014-10-23	2018-03-27
	531. I N G GROEP NV SPONSORED ADR		2017-08-09	2018-03-27
	384. INTEL CORP		2017-05-24	2018-03-27
	173. INTERNATIONAL BUSINESS MACHS CORP		2017-05-03	2018-03-27
	103. INTL FLAVORS FRAGRANCES			2018-03-27
	1478.424 INVITATION HOMES INC			2018-03-27
	463.576 INVITATION HOMES INC		2017-05-24	2018-03-27
	400. ISHARES MSCI EMERGING MARKETS ETF		2017-05-08	2018-03-27
	4593. ISHARES MSCI EMERGING MARKETS ETF		2017-03-14	2018-03-27
	4576. ISHARES S&P SMALL CAP 600 INDEX FD			2018-03-27
	146. ISHARES S&P SMALL CAP 600 INDEX FD		2017-05-24	2018-03-27
	919. JP MORGAN CHASE & CO COM		2017-01-17	2018-03-27
	4046. KT CORP SP A D R			2018-03-27
	298. KILROY RLTY CORP			2018-03-27
	17.8125 KONINKLIJKE AHOLD DELHAIZE NV ADR		2014-08-11	2018-03-27
	988.1875 KONINKLIJKE AHOLD DELHAIZE NV ADR			2018-03-27
	30. KONINKLIJKE AHOLD DELHAIZE NV ADR		2017-01-17	2018-03-27
	76. LENNOX INTERNATIONAL INC			2018-03-27
	38. LOCKHEED MARTIN CORP COM		2017-04-03	2018-03-27
	38. LOCKHEED MARTIN CORP COM		2017-03-14	2018-03-27
	259. MACERICH CO			2018-03-27
	1234. MAGNA INTL INC CL A			2018-03-27
	290. MARATHON PETROLEUM CORP		2016-08-09	2018-03-27
	520. MASCO CORP COM W/RIGHTS ATTACHED EXP 12/06/2005			2018-03-27
	482. MASTERCARD INC			2018-03-27
	740. MEDICAL PROPERTIES TRUST INC		2017-06-28	2018-03-27
	1735. MELCO CROWN ENTERTAINMENT LMTD A D R			2018-03-27
	2677. MELCO CROWN ENTERTAINMENT LMTD A D R			2018-03-27
	579. MICROSOFT CORP COM		2016-08-11	2018-03-27
	200. MID-AMER APT CMNTYS INC			2018-03-27
	93. MID-AMER APT CMNTYS INC		2017-06-28	2018-03-27
	4913. MIZUHO FNL GRP A D R			2018-03-27
	754. MOMO INC A D R		2017-06-28	2018-03-27
	79. MONOLITHIC POWER SYSTEMS INC		2017-01-17	2018-03-27
	1364. N T T DO CO MO INC A D R			2018-03-27
	131. NATIONAL HEALTH INVS INC		2017-05-24	2018-03-27
	107. NATIONAL HEALTH INVS INC			2018-03-27
	770. NESTLE S A SPONSORED ADR REPSTG REG SH			2018-03-27
	876. NIPPON TELEG & TEL CORP			2018-03-27
	661. NOVO-NORDISK A S ADR			2018-03-27
	26221.043 NUVEEN PREFERRED SECURITIES FUND			2018-03-27
	208. ORIX CORP SPONS A D R		2017-01-17	2018-03-27
	701. PNC FINL SVCS GROUP INC COM W/RIGHTS ATTACHED EXP 5/25/2010			2018-03-27
	46. PPG INDS INC COM W/RTS ATTACHED EXP 04/30/2008		2017-05-08	2018-03-27
	259. PPG INDS INC COM W/RTS ATTACHED EXP 04/30/2008			2018-03-27
	35. PVH CORP		2017-08-09	2018-03-27
	44. PARK HOTELS RESORTS INC WI			2018-03-27
	59. PEPSICO INC		2016-02-03	2018-03-27
	982. PFIZER INC		2017-06-28	2018-03-27
	1313. PROLOGIS INC			2018-03-27
	163. RAYMOND JAMES FINL INC			2018-03-27
	225. RAYTHEON CO COM NEW		2016-02-03	2018-03-27
	185. REALTY INCOME CORP		2017-05-24	2018-03-27
	167. REALTY INCOME CORP		2017-03-14	2018-03-27
	612. REGENCY CENTERS CORP RIGHTS			2018-03-27
	2045. RELX NV SPON A D R			2018-03-27
	92. RESMED INC		2016-02-03	2018-03-27
	859. ROCHE HLDG LTD SPONSORED ADR			2018-03-27
	388. S P GLOBAL INC		2017-01-23	2018-03-27
	82. SIGNATURE BK			2018-03-27
	7. SIMON PROPERTY GROUP INC			2018-03-27
	239. SIMON PROPERTY GROUP INC			2018-03-27
	122. SIMON PROPERTY GROUP INC			2018-03-27
	1241. SMITH NEPHEW P L C A D R			2018-03-27
	694. SMITH NEPHEW P L C A D R		2017-08-09	2018-03-27
	82. SNAP ON INC COM RTS EXP 11/03/1997		2014-07-18	2018-03-27
	251. SONY CORP AMERN SH NEW		2017-08-09	2018-03-27
	487. SONY CORP AMERN SH NEW			2018-03-27
	1091. STARBUCKS CORP COM			2018-03-27
	2646. STMICROELECTRONICS N V			2018-03-27
	1813. SUMITOMO MITSUI FINL GROUP A D R			2018-03-27
	663. SUNSTONE HOTEL INVS INC		2017-01-17	2018-03-27
	143. TEXAS ROADHOUSE INC		2014-05-07	2018-03-27
	60. TRANSDIGM GROUP INC		2017-01-23	2018-03-27
	1187. TRIVAGO NV A D R		2017-06-28	2018-03-27
	181. UNILEVER N V N Y SHR			2018-03-27
	188. UNITEDHEALTH GRP INC COM		2016-02-03	2018-03-27
	14041.108 VANGUARD GLOBAL EQUITY FUND - IV		2017-01-17	2018-03-27
	16285.287 VANGUARD GLOBAL EQUITY FUND - IV			2018-03-27
	158. VENTAS INC			2018-03-27
	157. VENTAS INC		2017-05-08	2018-03-27
	1417. VANGUARD REIT ETF		2018-01-24	2018-03-27
	1148. VERIZON COMMUNICATIONS			2018-03-27
	733. VISA INC			2018-03-27
	106. VISA INC		2017-06-30	2018-03-27
	91. WABCO HLDGS INC		2017-06-28	2018-03-27
	795. WNS HOLDINGS LTD ADR			2018-03-27
	4. WELLTOWER INC			2018-03-27
	621. WELLTOWER INC			2018-03-27
	528. ACCENTURE PLC CL A			2018-03-27
	16. CORE LABS NV			2018-03-27
	85. CORE LABS NV		2017-03-14	2018-03-27
	19. CORE LABS NV		2017-06-30	2018-03-27
	224. LYONDELLBASELL INDUSTRIES CL A			2018-03-27
	51. CANADIAN NATURAL RESOURCES LTD		2016-08-09	2018-03-28
	113. CANADIAN NATURAL RESOURCES LTD		2017-01-17	2018-03-28
	525.583 FEDERATED INST HI YLD BD FD		2015-07-17	2018-03-28
	88. REGENCY CENTERS CORP RIGHTS			2018-03-28
	91. CORE LABS NV		2017-06-30	2018-03-28
	42. ADIDAS AG A D R		2016-02-03	2018-04-02
	138. CANON INC ADR REPSTG 5 SHS		2015-01-07	2018-04-02
	22. COOPER COS INC COM NEW		2016-02-03	2018-04-02
	192. FRESENIUS MED AKTIENGESELLSCHAFT ADR			2018-04-02
	72. INTERNATIONAL BUSINESS MACHS CORP		2017-05-03	2018-04-02
	2375. MIZUHO FNL GRP A D R			2018-04-02
	302. ROCHE HLDG LTD SPONSORED ADR		2016-03-03	2018-04-02
	172. TEXAS ROADHOUSE INC			2018-04-02
	194. WNS HOLDINGS LTD ADR			2018-04-02
	9346.822 BARON EMERGING MARKETS INSTITUTIONAL		2018-03-28	2018-04-16
	1303.016 FIDELITY INVT TR AD INTL DISCI		2018-03-28	2018-04-16
	9800. STATE STREET CORP 4.375% 3/07/21			2018-04-16
	6000. U S TREASURY NT 1.750% 11/30/21		2016-12-12	2018-04-16
	5200. GOLDMAN SACHS GP MTN 6.000% 6/15/20			2018-04-20
	12000. U S TREASURY NT 2.250% 2/15/27		2017-07-13	2018-04-20
	2000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-04-27
	.578 DISCOVERY COMMUNICATIONS C		2018-03-07	2018-05-08
	4000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-05-15
	132. ABBVIE INC		2017-02-09	2018-05-16
	119. CAMDEN PPTY TR			2018-05-16
	706. CANADIAN NATURAL RESOURCES LTD			2018-05-16
	1737. DANONE SPONS A D R			2018-05-16
	57. FOOT LOCKER INC COM			2018-05-16
	57. FOOT LOCKER INC COM		2017-06-28	2018-05-16
	622. GLAXO SMITHKLINE P L C A D R			2018-05-16
	374. HELMERICH PAYNE INC			2018-05-16
	71. HILTON WORLDWIDE HLDGS WI			2018-05-16
	110. HOME DEPOT INC COM			2018-05-16
	274. HORMEL FOODS CORPORATIONCOM		2017-03-23	2018-05-16
	217. INTEL CORP		2017-05-24	2018-05-16
	213. KONINKLIJKE AHOLD DELHAIZE NV ADR		2017-01-17	2018-05-16
	66. NESTLE S A SPONSORED ADR REPSTG REG SH		2017-01-17	2018-05-16
	46. PVH CORP		2017-08-09	2018-05-16
	964. PFIZER INC		2017-06-28	2018-05-16
	4739.092 ROBECO BOSTON PARTNERS L S RSRCH		2018-03-27	2018-05-16
	50. RESMED INC		2016-02-03	2018-05-16
	148. SMITH NEPHEW P L C A D R		2015-10-22	2018-05-16
	239. STMICROELECTRONICS N V		2017-06-28	2018-05-16
	75. UNITEDHEALTH GRP INC COM			2018-05-16
	82. ACCENTURE PLC CL A		2017-05-24	2018-05-16
	46. ACCENTURE PLC CL A		2017-02-09	2018-05-16
	5. ALPHABET INC CL A		2017-01-23	2018-06-18
	29644.866 AMER CENT DIVERSIFI BOND INS		2018-03-27	2018-06-18
	140. APPLE COMPUTER INC COM		2017-01-17	2018-06-18
	253. CVS CORP COM			2018-06-18
	327. CVS CORP COM		2017-03-23	2018-06-18
	406. DOLLAR TREE INC		2018-03-27	2018-06-18
	182. DORMAN PRODUCTS INC			2018-06-18
	12000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-06-21
	5000. U S TREASURY NT 2.125% 11/30/23		2016-12-12	2018-06-21
	21000. U S TREASURY NT 1.750% 11/30/21			2018-06-21
	2000. U S TREASURY NT 2.250% 2/15/27		2017-09-11	2018-06-21
	1. ST JUDE MED INC		1911-11-11	2018-06-25
	900. AT T INC 4.800% 6/15/44		2014-09-30	2018-06-27
	600. AMERICAN HONDA MTN 2.150% 3/13/20		2015-05-12	2018-06-27
	300. APPLE INC 3.850% 5/04/43		2014-11-24	2018-06-27
	600. BP CAPITAL PLC 3.535% 11/04/24		2014-11-24	2018-06-27
	800. BANK OF AMERICA 3.550% 3/05/24		2018-03-12	2018-06-27
	100. CVS HEALTH CORP 4.300% 3/25/28		2018-03-12	2018-06-27
	200. CVS HEALTH CORP 5.050% 3/25/48		2018-03-12	2018-06-27
	900. CITIGROUP INC 3.400% 5/01/26		2016-05-18	2018-06-27
	700. JPMORGAN CHASE 4.625% 5/10/21		2014-09-30	2018-06-27
	900. METLIFE INC 3.600% 4/10/24		2015-08-31	2018-06-27
	300. MORGAN STANLEY 5.500% 7/28/21		2014-10-20	2018-06-27
	300. MORGAN STANLEY MTN 3.700% 10/23/24		2014-11-24	2018-06-27
	600. TOTAL CAPITAL INTL 2.700% 1/25/23		2014-09-30	2018-06-27
	800. WELLS FARGO CO MTN 4.600% 4/01/21		2014-09-30	2018-06-27
	300. WELLS FARGO MTN 3.300% 9/09/24		2014-11-24	2018-06-27
	11. AMAZON COM INC COM			2018-07-02
	1. AMERICAN INTL GROUP INC		1911-11-11	2018-07-02
	621.59 NUVEEN REAL ESTATE SECS I		2018-03-28	2018-07-02
	55. RED HAT INC COM		2018-03-27	2018-07-02
	202. SERVICENOW INC		2018-03-27	2018-07-02
	268. SPLUNK INC		2018-03-27	2018-07-02
	579. SQUARE INC A		2018-03-27	2018-07-02
	1019.113 FIDELITY INVT TR AD INTL DISCI			2018-07-23
	2345.428 T ROWE PRICE INTL GRINC FD		2018-03-28	2018-07-23
	8000. APPLE INC 3.000% 11/13/27		2017-11-07	2018-07-30
	33. SCRIPPS NETWORKS INTERACTIVE INC		2014-07-17	2018-08-06
	9. SCRIPPS NETWORKS INTERACTIVE INC		2014-08-11	2018-08-06
	122. SCRIPPS NETWORKS INTERACTIVE INC		2016-02-03	2018-08-06
	1999.8396 U S TREASURY NT 2.250% 2/15/27		2017-12-29	2018-08-17
	7000.1604 U S TREASURY NT 2.250% 2/15/27			2018-08-17
	1. SECURITY LITIGATION		1911-11-11	2018-08-22
	4000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-09-19
	30. AMAZON COM INC COM		2017-01-23	2018-09-26
	121. AMERICAN CAMPUS COMMUNITIES		2017-01-17	2018-09-26
	484.495 AMER CENT DIVERSIFI BOND INS		2018-03-27	2018-09-26
	75. APPLE COMPUTER INC COM			2018-09-26
	65. CVS CORP COM		2017-03-23	2018-09-26
	301. CHURCH & DWIGHT INC COM			2018-09-26
	352. DELTA AIR LINES INC		2017-01-17	2018-09-26
	80. EDWARDS LIFESCIENCES CORP COM		2018-03-27	2018-09-26
	67. JP MORGAN CHASE & CO COM		2017-01-17	2018-09-26
	1991.862 ROBECO BOSTON PARTNERS L S RSRCH		2018-03-27	2018-09-26
	40. RAYTHEON CO COM NEW		2016-02-03	2018-09-26
	54069.9 T ROWE PRICE INTL GRINC FD			2018-09-26
	905.499 ROWE T PRICE MID-CAP VALUE FD INC		2018-03-27	2018-09-26
	227. SCHWAB CHARLES CORP COM NEW		2018-03-27	2018-09-26
	26. SERVICENOW INC		2018-03-27	2018-09-26
	244. ZILLOW GROUP INC C		2018-05-16	2018-09-26
	176. CHUBB LTD		2016-02-03	2018-09-26
	132. MYLAN NV		2017-05-24	2018-09-26
	12000. WALMART INC 3.400% 6/26/23		2018-06-21	2018-09-27
	5. ALPHABET INC CL A		2017-01-23	2018-10-01
	170. BANK OF AMERICA CORP		2017-01-17	2018-10-01
	545.435 BARON EMERGING MARKETS INSTITUTIONAL		2018-03-28	2018-10-01
	744.8 CAUSEWAY EMERGING MARKETS INSTL		2018-03-28	2018-10-01
	56. CELGENE CORPORATION COM		2018-03-27	2018-10-01
	31. FACEBOOK INC A		2018-03-27	2018-10-01
	1180.442 FEDERATED INST HI YLD BD FD		2015-07-17	2018-10-01
	525.583 FEDERATED INST HI YLD BD FD		2015-07-16	2018-10-01
	2093.621 GOLDMAN SACHS COMM STRAT INS		2018-03-27	2018-10-01
	96. MAGNA INTL INC CL A		2016-03-03	2018-10-01
	500.821 NUVEEN REAL ESTATE SECS I		2018-03-28	2018-10-01
	459.558 NUVEEN INFLATION PRO SEC CL I		2018-03-27	2018-10-01
	1826.605 CONGRESS MID CAP GROWTH INS		2018-03-28	2018-10-01
	1127.42 TCW EMERGING MARKETS INCOME FUND		2018-03-27	2018-10-01
	26000. U S TREASURY NT 0.750% 10/31/18		2018-03-01	2018-10-10
	7000. APPLE INC 3.850% 5/04/43			2018-10-11
	8000. BANK OF MONTREAL MTN 3.100% 4/13/21		2018-04-16	2018-10-11
	701. CANON INC ADR REPSTG 5 SHS			2018-10-30
	148. INDUSTRIAS BACHOCO SAB DE CV A D R			2018-10-30
	419. KONINKLIJKE AHOLD DELHAIZE NV ADR		2017-01-17	2018-10-30
	603. RECKITT BENCKISER SPON A D R			2018-10-30
	1449. TRANSCANADA CORP			2018-10-30
	301. APTIV PLC		2018-09-26	2018-10-30
	1. SECURITY LITIGATION		1911-11-11	2018-10-30
	5000. U S TREASURY NT 2.750% 8/31/23		2018-09-27	2018-11-16
	11000. U S TREASURY NT 2.250% 2/15/27			2018-11-16
	49000. U S TREASURY NT 1.000% 11/30/18			2018-11-19
	1000. U S TREASURY NT 2.250% 2/15/27		2017-09-13	2018-11-19
	96.277 AMER CENT DIVERSIFI BOND INS		2018-03-27	2018-12-06
	3578.04 AMER CENT DIVERSIFI BOND INS		2018-07-23	2018-12-06
	948.331 BARON EMERGING MARKETS INSTITUTIONAL			2018-12-06
	282. CVS CORP COM		2017-03-23	2018-12-06
	2988.695 FEDERATED INST HI YLD BD FD		2015-07-17	2018-12-06
	2166. GENERAL ELEC CO			2018-12-06
	813. HORMEL FOODS CORPORATIONCOM		2017-03-23	2018-12-06
	686. MAGNA INTL INC CL A			2018-12-06
	217. MICRON TECHNOLOGY INC		2018-09-26	2018-12-06
	1772.574 NUVEEN REAL ESTATE SECS I		2018-03-28	2018-12-06
	1672.727 NUVEEN INFLATION PRO SEC CL I		2018-03-27	2018-12-06
	459.558 NUVEEN INFLATION PRO SEC CL I		2018-03-22	2018-12-06
	1470.899 TCW EMERGING MARKETS INCOME FUND		2018-03-27	2018-12-06
	430. WESTERN DIGITAL CORP COM		2018-03-27	2018-12-06
	4000. JPMORGAN CHASE 4.625% 5/10/21		2014-09-30	2018-12-12
	8000. MICROSOFT CORP 3.300% 2/06/27		2017-02-01	2018-12-12
	7000. U S TREASURY NT 1.500% 2/28/19		2018-11-19	2018-12-12
	1000. U S TREASURY NT 2.250% 2/15/27		2017-08-24	2018-12-12
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	74,270	82,243	-7,973
b	16,129	17,970	-1,841
c	29,748	31,458	-1,710
d	6,213	6,955	-742
e	5,875	7,123	-1,248
	34,384	57,444	-23,060
	5,004	9,595	-4,591
	14,458	15,980	-1,522
	16,352	16,988	-636
	150	98	52
	2,559	2,863	-304
	14,625	14,096	529
	324,644	264,121	60,523
	6,861	7,037	-176
	3,171	3,224	-53
	53,000	52,914	86
	1,497,154	1,235,973	261,181
	2,000	1,999	1
	52,990	52,963	27
	38,948	38,901	47
	4,812	4,937	-125
	6,637	7,065	-428
	4,962	4,961	1
	2,850	2,982	-132
	3,800	3,979	-179
	4,934	5,165	-231
	4,771	4,966	-195
	9,972	8,650	1,322
	37,385	30,118	7,267
	69,992	45,202	24,790
	655	735	-80
	18,874	24,690	-5,816
	34,400	36,278	-1,878
	25,431	16,346	9,085
	19,699	20,007	-308
	10,667	10,000	667
	195,797	194,132	1,665
	21,765	17,634	4,131
	7,507	8,137	-630
	13,386	17,663	-4,277
	2,925	2,090	835
	88,337	68,971	19,366
	20,037	19,407	630
	38,514	21,251	17,263
	12,368	10,180	2,188
	25,558	20,055	5,503
	8,740	13,095	-4,355
	60,690	45,473	15,217
	11,980	12,080	-100
	27,872	29,539	-1,667
	11,695	12,117	-422
	39,909	53,497	-13,588
	11,808	10,692	1,116
	2,405	2,216	189
	24,385	26,514	-2,129
	63,210	65,634	-2,424
	86,985	69,902	17,083
	5,053	4,143	910
	20,371	9,912	10,459
	19,496	5,598	13,898
	9,297	10,050	-753
	11,747	10,436	1,311
	13,824	12,146	1,678
	17,004	11,588	5,416
	19,315	17,834	1,481
	8,765	9,614	-849
	32,383	33,092	-709
	9,134	10,015	-881
	3,488	3,820	-332
	20,938	23,233	-2,295
	37,849	39,682	-1,833
	44,626	49,923	-5,297
	11,677	9,929	1,748
	11,591	10,041	1,550
	14,696	9,292	5,404
	13,300	10,481	2,819
	16,175	10,323	5,852
	21,208	19,002	2,206
	5,273	6,337	-1,064
	26,192	19,844	6,348
	9,933	9,960	-27
	55,943	49,616	6,327
	24,552	24,880	-328
	5,016	4,992	24
	43,163	49,083	-5,920
	13,060	9,951	3,109
	8,252	5,796	2,456
	10,653	8,146	2,507
	57,173	49,561	7,612
	11,208	10,041	1,167
	67,249	50,865	16,384
	6,068	6,591	-523
	52,620	54,403	-1,783
	14,858	16,315	-1,457
	14,305	8,812	5,493
	28,010	10,056	17,954
	24,412	23,696	716
	8,921	9,834	-913
	20,202	13,839	6,363
	26,692	27,489	-797
	14,114	11,866	2,248
	33,160	27,634	5,526
	10,398	9,920	478
	19,296	16,155	3,141
	221,561	176,672	44,889
	353,123	312,749	40,374
	11,267	10,017	1,250
	101,731	78,276	23,455
	54,299	52,182	2,117
	21,036	21,955	-919
	412	254	158
	22,876	18,586	4,290
	694	630	64
	15,425	6,557	8,868
	13,066	10,195	2,871
	13,066	10,229	2,837
	14,411	18,098	-3,687
	68,843	53,411	15,432
	21,500	11,964	9,536
	21,190	19,761	1,429
	85,153	52,017	33,136
	9,368	9,732	-364
	50,232	29,641	20,591
	77,506	59,715	17,791
	53,536	33,819	19,717
	17,780	19,515	-1,735
	8,268	9,924	-1,656
	17,883	17,323	560
	29,009	27,513	1,496
	9,406	6,872	2,534
	34,999	21,124	13,875
	8,762	9,965	-1,203
	7,157	6,953	204
	59,989	58,041	1,948
	40,558	37,932	2,626
	32,421	23,589	8,832
	450,215	446,698	3,517
	18,605	16,638	1,967
	105,989	78,022	27,967
	5,226	5,014	212
	29,422	26,333	3,089
	5,073	4,325	748
	1,167	1,106	61
	6,384	5,827	557
	34,713	33,199	1,514
	82,179	65,792	16,387
	14,621	7,432	7,189
	49,209	28,531	20,678
	9,339	10,057	-718
	8,430	9,505	-1,075
	34,987	42,030	-7,043
	41,942	33,087	8,855
	9,040	5,299	3,741
	24,550	27,599	-3,049
	74,365	44,909	29,456
	11,763	10,650	1,113
	1,053	1,192	-139
	35,969	42,889	-6,920
	18,361	19,770	-1,409
	47,617	41,697	5,920
	26,629	24,623	2,006
	12,197	10,164	2,033
	12,223	10,065	2,158
	23,716	15,094	8,622
	63,354	61,859	1,495
	61,881	42,460	19,421
	15,539	11,021	4,518
	9,753	9,786	-33
	8,209	3,450	4,759
	18,710	12,303	6,407
	8,273	24,503	-16,230
	9,796	8,406	1,390
	41,538	21,416	20,122
	437,240	356,644	80,596
	507,124	453,829	53,295
	7,757	9,694	-1,937
	7,708	9,988	-2,280
	105,120	113,190	-8,070
	54,778	58,822	-4,044
	87,921	61,494	26,427
	12,714	10,022	2,692
	12,235	11,366	869
	36,196	22,180	14,016
	213	238	-25
	33,130	40,302	-7,172
	80,217	60,733	19,484
	1,713	1,928	-215
	9,102	9,210	-108
	2,034	1,912	122
	23,711	18,462	5,249
	1,553	1,598	-45
	3,440	3,613	-173
	5,114	5,188	-74
	5,185	6,223	-1,038
	9,502	9,156	346
	5,044	2,158	2,886
	4,946	4,300	646
	4,856	2,954	1,902
	9,637	7,251	2,386
	10,726	11,441	-715
	8,385	8,512	-127
	8,501	9,631	-1,130
	9,769	6,427	3,342
	8,635	5,604	3,031
	143,193	142,913	280
	59,339	58,075	1,264
	10,222	10,799	-577
	5,822	5,960	-138
	5,508	6,018	-510
	11,355	11,896	-541
	1,987	1,984	3
	13	13
	3,976	3,969	7
	13,854	8,008	5,846
	9,980	8,645	1,335
	25,874	21,361	4,513
	26,454	24,156	2,298
	2,501	3,245	-744
	2,501	2,766	-265
	24,917	24,557	360
	27,258	25,336	1,922
	5,973	3,728	2,245
	20,549	15,136	5,413
	9,924	9,549	375
	11,796	7,821	3,975
	4,960	4,475	485
	5,065	4,833	232
	7,138	5,685	1,453
	34,453	32,590	1,863
	80,422	79,569	853
	5,120	2,880	2,240
	5,284	5,191	93
	5,667	3,461	2,206
	18,069	9,228	8,841
	12,626	9,966	2,660
	7,083	5,324	1,759
	5,848	4,199	1,649
	307,714	311,864	-4,150
	26,460	16,668	9,792
	17,266	19,720	-2,454
	22,317	25,699	-3,382
	36,006	38,451	-2,445
	12,814	7,793	5,021
	11,946	11,906	40
	4,829	4,955	-126
	20,348	20,858	-510
	1,902	1,982	-80
	44		44
	815	894	-79
	590	602	-12
	286	287	-1
	596	603	-7
	791	799	-8
	99	99
	205	204	1
	855	902	-47
	725	763	-38
	893	912	-19
	318	344	-26
	296	301	-5
	584	583	1
	827	880	-53
	290	299	-9
	18,591	9,127	9,464
	52		52
	12,587	11,879	708
	7,460	8,596	-1,136
	35,403	33,612	1,791
	26,690	27,548	-858
	35,973	30,658	5,315
	45,259	45,866	-607
	33,868	34,830	-962
	7,627	7,974	-347
	2,943	2,840	103
	803	707	96
	10,881	7,454	3,427
	1,911	1,973	-62
	6,688	6,911	-223
	194		194
	3,994	3,969	25
	59,549	24,417	35,132
	4,989	6,014	-1,025
	5,010	5,097	-87
	16,647	7,717	8,930
	5,119	5,108	11
	17,977	10,944	7,033
	20,349	17,885	2,464
	13,624	11,288	2,336
	7,752	5,707	2,045
	33,563	33,443	120
	8,235	5,072	3,163
	786,176	802,099	-15,923
	28,641	27,056	1,585
	11,584	12,013	-429
	5,130	4,326	804
	10,365	13,027	-2,662
	23,681	19,917	3,764
	4,898	5,190	-292
	12,035	12,027	8
	6,044	4,199	1,845
	5,031	3,856	1,175
	7,276	8,340	-1,064
	9,533	10,606	-1,073
	5,059	4,887	172
	5,026	4,806	220
	11,545	11,651	-106
	5,140	5,193	-53
	27,385	24,684	2,701
	5,219	3,898	1,321
	9,941	9,571	370
	4,986	5,078	-92
	37,208	34,048	3,160
	8,986	9,380	-394
	25,981	25,796	185
	6,606	6,597	9
	7,959	7,993	-34
	20,013	20,512	-499
	6,556	8,468	-1,912
	9,595	8,803	792
	9,676	11,039	-1,363
	54,235	60,336	-6,101
	22,270	25,600	-3,330
	62		62
	4,970	4,954	16
	10,367	10,613	-246
	48,987	48,653	334
	944	986	-42
	987	1,013	-26
	36,675	37,104	-429
	11,968	14,527	-2,559
	21,007	22,162	-1,155
	28,094	29,498	-1,404
	15,580	29,564	-13,984
	36,093	28,334	7,759
	31,825	29,293	2,532
	7,956	9,676	-1,720
	36,586	33,874	2,712
	18,032	18,484	-452
	4,954	5,097	-143
	11,326	12,238	-912
	18,324	40,734	-22,410
	4,099	4,360	-261
	7,868	7,995	-127
	6,987	6,983	4
	955	981	-26
			114,211

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			-7,973
b			-1,841
c			-1,710
d			-742
e			-1,248
			-23,060
			-4,591
			-1,522
			-636
			52
			-304
			529
			60,523
			-176
			-53
			86
			261,181
			1
			27
			47
			-125
			-428
			1
			-132
			-179
			-231
			-195
			1,322
			7,267
			24,790
			-80
			-5,816
			-1,878
			9,085
			-308
			667
			1,665
			4,131
			-630
			-4,277
			835
			19,366
			630
			17,263
			2,188
			5,503
			-4,355
			15,217
			-100
			-1,667
			-422
			-13,588
			1,116
			189
			-2,129
			-2,424
			17,083
			910
			10,459
			13,898
			-753
			1,311
			1,678
			5,416
			1,481
			-849
			-709
			-881
			-332
			-2,295
			-1,833
			-5,297
			1,748
			1,550
			5,404
			2,819
			5,852
			2,206
			-1,064
			6,348
			-27
			6,327
			-328
			24
			-5,920
			3,109
			2,456
			2,507
			7,612
			1,167
			16,384
			-523
			-1,783
			-1,457
			5,493
			17,954
			716
			-913
			6,363
			-797
			2,248
			5,526
			478
			3,141
			44,889
			40,374
			1,250
			23,455
			2,117
			-919
			158
			4,290
			64
			8,868
			2,871
			2,837
			-3,687
			15,432
			9,536
			1,429
			33,136
			-364
			20,591
			17,791
			19,717
			-1,735
			-1,656
			560
			1,496
			2,534
			13,875
			-1,203
			204
			1,948
			2,626
			8,832
			3,517
			1,967
			27,967
			212
			3,089
			748
			61
			557
			1,514
			16,387
			7,189
			20,678
			-718
			-1,075
			-7,043
			8,855
			3,741
			-3,049
			29,456
			1,113
			-139
			-6,920
			-1,409
			5,920
			2,006
			2,033
			2,158
			8,622
			1,495
			19,421
			4,518
			-33
			4,759
			6,407
			-16,230
			1,390
			20,122
			80,596
			53,295
			-1,937
			-2,280
			-8,070
			-4,044
			26,427
			2,692
			869
			14,016
			-25
			-7,172
			19,484
			-215
			-108
			122
			5,249
			-45
			-173
			-74
			-1,038
			346
			2,886
			646
			1,902
			2,386
			-715
			-127
			-1,130
			3,342
			3,031
			280
			1,264
			-577
			-138
			-510
			-541
			3

			7
			5,846
			1,335
			4,513
			2,298
			-744
			-265
			360
			1,922
			2,245
			5,413
			375
			3,975
			485
			232
			1,453
			1,863
			853
			2,240
			93
			2,206
			8,841
			2,660
			1,759
			1,649
			-4,150
			9,792
			-2,454
			-3,382
			-2,445
			5,021
			40
			-126
			-510
			-80
			44
			-79
			-12
			-1
			-7
			-8

			1
			-47
			-38
			-19
			-26
			-5
			1
			-53
			-9
			9,464
			52
			708
			-1,136
			1,791
			-858
			5,315
			-607
			-962
			-347
			103
			96
			3,427
			-62
			-223
			194
			25
			35,132
			-1,025
			-87
			8,930
			11
			7,033
			2,464
			2,336
			2,045
			120
			3,163
			-15,923
			1,585
			-429
			804
			-2,662
			3,764
			-292
			8
			1,845
			1,175
			-1,064
			-1,073
			172
			220
			-106
			-53
			2,701
			1,321
			370
			-92
			3,160
			-394
			185
			9
			-34
			-499
			-1,912
			792
			-1,363
			-6,101
			-3,330
			62
			16
			-246
			334
			-42
			-26
			-429
			-2,559
			-1,155
			-1,404
			-13,984
			7,759
			2,532
			-1,720
			2,712
			-452
			-143
			-912
			-22,410
			-261
			-127
			4
			-26

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,311,952
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	522,141	10,601,237	0.049253
2016	531,878	10,062,467	0.052858
2015	548,689	10,380,321	0.052859
2014	525,245	10,840,657	0.048451
2013	493,470	10,659,408	0.046294

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

0.249715

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.049943

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

10,947,670

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

546,759

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

14,932

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

561,691

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

522,703

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	29,863
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	29,863
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	29,863
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	49,672
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	49,672
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	19,809
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax19,809	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

US BANK NA Telephone no. bullet

(314) 418-2643

Located at bullet

PO BOX 387ST LOUISMO ZIP+4 bullet

63166

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
U S BANK NA	TRUSTEE 1	84,530
PO BOX 387 ST LOUIS,MO63166	TRUSTEE 1	84,530

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...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

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

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

purposes:

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

10,850,787

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

263,599

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

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

11,114,386

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

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

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

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

11,114,386

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

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

166,716

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

10,947,670

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

547,384

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

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

547,384

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

29,863

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

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

29,863

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

517,521

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

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

517,521

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

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

517,521

Part XII

Qualifying Distributions (see instructions)

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

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

522,703

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

522,703

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

522,703

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					517,521
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......	0
b From 2014......	0
c From 2015......	0
d From 2016......	3,204
e From 2017......	2,417
fTotal of lines 3a through e........		5,621
4Qualifying distributions for 2018 from Part
XII, line 4: $ 522,703
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.....					517,521
e Remaining amount distributed out of corpus		5,182
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		10,803
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 ......		10,803
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	3,204
d Excess from 2017....	2,417
e Excess from 2018....	5,182

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

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

aThe name, address, and telephone number or 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)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
MISSOURI SOUTHERN FOUNDATION MR DUKE HARSHBERGER 1345 EAST BATTLEFIELD SPRINGFIELD,MO65804	NONE	PC	SCHOLARSHIPS	255,500
DRURY UNIVERSITY 900 N BENTON AVE SPRINGFIELD,MO65802	NONE	PC	SCHOLARSHIPS	255,500
Total ................................. 3a				511,000

bApproved for future payment

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

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	266,585
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	1,311,952
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)..				1,578,537

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

1,578,537

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
594918BY9 MICROSOFT CORP	9,993	9,905
035242AJ5 ANHEUSER BUSCH
31421P100 FEDERATED CORP BND S	105,377	97,171
670700400 NUVEEN PREFERRED SEC
94974BGA2 WELLS FARGO MTN	4,991	4,837
05565QCS5 BP CAPITAL PLC	6,019	5,944
02665WAU5 AMERICAN HONDA MTN	6,017	5,938
666807BN1 NORTHROP GRUMMAN	5,014	4,665
002824BH2 ABBOTT LABORATORIES	6,954	7,348
025816BR9 AMERICAN EXPRESS CO	9,975	9,569
126650CT5 CVS HEALTH CORP
61747WAL3 MORGAN STANLEY	10,171	9,432
88167AAC5 TEVA PHARMACEUTICALS	4,986	4,596
037833DK3 APPLE INC	7,534	7,598
89153VAE9 TOTAL CAPITAL INTL	5,825	5,861
38141EA66 GOLDMAN SACHS GP MTN
857477AG8 STATE STREET CORP
172967KN0 CITIGROUP INC	9,018	8,466
46625HHZ6 JPMORGAN CHASE	6,538	6,175
00206RCG5 AT T INC	6,837	6,274
345370CS7 FORD MOTOR COMPANY	4,989	4,105
68389XBN4 ORACLE CORP	14,111	13,503
85771PAW2 STATOIL ASA	7,039	6,946
037833AL4 APPLE INC
05565QDB1 BP CAPITAL MARKETS
31420B300 FEDERATED INST HI YL	827,272	773,677
92976WBH8 WACHOVIA CORP MTN
61761JVL0 MORGAN STANLEY MTN	5,023	4,917
539830BH1 LOCKHEED MARTIN CORP	7,019	6,946
94974BEV8 WELLS FARGO CO MTN	9,899	9,216
59156RBH0 METLIFE INC	7,079	7,048
046353AT5 ASTRAZENECA PLC	8,017	7,875
670690387 NUVEEN INFLATION PRO	301,352	293,775
801060AC8 SANOFI	7,002	7,044
822582BZ4 SHELL INTERNATIONAL	4,986	5,056
38141GWZ3 GOLDMAN SACHS GROUP	9,958	9,624
035240AL4 ANHEUSER BUSCH MTN	5,998	5,739
10373QAT7 BP CAP MARKETS	5,891	5,642
126650CZ1 CVS HEALTH CORP	6,105	5,836
87234N765 TCW EMERGING MARKETS	320,744	296,910
822582CB6 SHELL INTERNATIONAL	4,979	5,138
9128284X5 U S TREASURY NT	6,936	7,078
912828C24 U S TREASURY NT	42,893	42,939
06051GHF9 BANK OF AMERICA	8,986	8,891
06406RAG2 BANK OF NY MTN	7,000	7,021
377372AL1 GLAXOSMITHKLINE CAP	5,996	6,023
024932600 AMER CENT DIVERSIFI	10,776	10,745
9128282K5 U S TREASURY NT	25,751	25,822
20030NCT6 COMCAST CORP	7,015	7,108
46647PAX4 JPMORGAN CHASE CO	6,082	6,103
72369L107 PIONEER ILS INTERVAL	163,500	146,709
126650CX6 CVS HEALTH CORP	5,941	5,866
064159KT2 BANK OF NOVA SCOTIA	7,882	7,899
369550BD9 GENERAL DYNAMICS	7,007	7,048
861729101 STONE RIDGE REINSUR	163,500	148,538

Name of Stock	End of Year Book Value	End of Year Fair Market Value
023135106 AMAZON.COM INC	133,541	153,201
835699307 SONY CORP A D R
136385101 CANADIAN NATURAL RES
756255204 RECKITT BENCKISER SP
882681109 TEXAS ROADHOUSE INC
654624105 NIPPON TELEGRAPH TEL
861012102 STMICROELECTRONICS N
828806109 SIMON PROPERTY GROUP
931142103 WAL MART STORES INC	54,977	71,539
559222401 MAGNA INTL INC CL
855244109 STARBUCKS CORP
258278100 DORMAN PRODUCTS INC
46187W107 INVITATION HOMES INC
62942M201 NTT DOCOMO INC A D R
69924R108 PARAMOUNT GROUP INC
29444U700 EQUINIX INC
758849103 REGENCY CENTERS CORP
73935A104 POWERSHARES QQQ ETF
G3922B107 GENPACT LIMITED	12,193	13,684
30225T102 EXTRA SPACE STORAGE
05367G100 AVIANCA HOLDINGS A D
56585A102 MARATHON PETROLEUM C	53,192	55,233
04623U102 ASTELLAS PHARMA INC
43300A203 HILTON WORLDWIDE HLD
57636Q104 MASTERCARD INC	8,863	15,658
92276F100 VENTAS INC
037833100 APPLE INC	15,987	19,087
574599106 MASCO CORP
172908105 CINTAS CORP
641069406 NESTLE SA SPONSORED	26,999	29,793
63633D104 NATIONAL HEALTH INVS
264411505 DUKE REALTY CORPORAT
101121101 BOSTON PPTYS INC
89686D105 TRIVAGO NV A D R
904784709 UNILEVER N V A D R
526107107 LENNOX INTERNATIONAL
922038203 VANGUARD GLOBAL EQUI
44980X109 IPG PHOTONIC CORP CO
585464100 MELCO CROWN ENTERTAI
00508Y102 ACUITY BRANDS INC
86562M209 SUMITOMO MITSUI FINL
024835100 AMERICAN CAMPUS COMM	49,577	41,349
316827104 51JOB INC A D R
78409V104 S P GLOBAL INC	19,567	27,870
74340W103 PROLOGIS INC
459506101 INTL FLAVORS FRAGRA
833034101 SNAP ON INC
053611109 AVERY DENNISON CORP
440452100 HORMEL FOODS CORP	28,195	34,528
771195104 ROCHE HOLDINGS LTD S
91324P102 UNITED HEALTH GROUP	71,396	107,869
73278L105 POOL CORPORATION	15,813	19,770
700517105 PARK HOTELS RESORTS
761152107 RESMED INC	3,513	6,946
459200101 INTERNATIONAL BUSINE	13,030	9,321
418056107 HASBRO INC	7,700	7,394
126650100 CVS HEALTH CORPORATI
594918104 MICROSOFT CORP	103,452	161,699
00687A107 ADIDAS AG A D R	2,517	5,113
871607107 SYNOPSYS INC	7,890	18,027
000375204 ABB LTD A D R
48268K101 KT CORP SP A D R
75955B102 RELX NV SPON A D R
456463108 INDUSTRIAS BACHOCO S
H1467J104 CHUBB LTD	37,689	39,012
71943U104 PHYSICIANS REALTY TR
693656100 PVH CORP
562750109 MANHATTAN ASSOC INC
004239109 ACADIA RLTY TR
36162J106 GEO GROUP INC THE
303075105 FACTSET RESEARCH SYS
G1151C101 ACCENTURE PLC CL A
423452101 HELMERICH PAYNE INC
717081103 PFIZER INC
37733W105 GLAXO SMITHKLINE P L
670100205 NOVO NORDISK AS A D
426281101 JACK HENRY ASSOCIATE	12,096	18,598
49427F108 KILROY RLTY CORP
03027X100 AMERICAN TOWER CORP	67,133	75,140
216648402 COOPER COS INC	6,310	11,962
92826C839 VISA INC
253868103 DIGITAL REALTY TRUST
252784301 DIAMONDROCK HOSPITAL
500467501 KONINKLIJKE AHOLD DE
83175M205 SMITH NEPHEW P L C
862121100 STORE CAPITAL CORP
60879B107 MOMO INC A D R
60687Y109 MIZUHO FNL GRP A D R	5,123	4,731
755111507 RAYTHEON COMPANY	39,834	42,631
92927K102 WABCO HLDGS INC
95040Q104 WELLTOWER INC
146229109 CARTERS INC	7,768	7,346
811065101 SCRIPPS NETWORKS INT
867892101 SUNSTONE HOTEL INVS
001317205 AIA GROUP LTD ADR
58463J304 MEDICAL PROPERTIES T
780097689 ROYAL BK SCOTLAND GR
893641100 TRANSDIGM GROUP INC	36,543	59,511
00888Y508 INV BALANCE RISK COM
369604103 GENERAL ELECTRIC CO
693506107 P P G INDS INC	9,927	9,507
92343V104 VERIZON COMMUNICATIO
N59465109 MYLAN NV	87,175	66,582
00287Y109 ABBVIE INC
444097109 HUDSON PACIFIC PROPE
464287234 ISHARES MSCI EMERGIN
82669G104 SIGNATURE BK
29250N105 ENBRIDGE INC
36467J108 GAMING LEISURE PROP
00206R102 ATT INC
458140100 INTEL CORP
713448108 PEPSICO INC	36,855	40,436
693475105 P N C FINANCIAL SERV
437076102 HOME DEPOT INC	4,344	5,498
445658107 HUNT J B TRANS SVCS
539830109 LOCKHEED MARTIN CORP
138006309 CANON INC SPONS A D
456837103 I N G GROEP NV SPONS
592688105 METTLER-TOLEDO INTL	8,004	15,271
060505104 BANK OF AMERICA CORP	60,916	64,557
315616102 F5 NETWORKS INC COM
22822V101 CROWN CASTLE INTL CO
344849104 FOOT LOCKER INC	7,278	7,980
N53745100 LYONDELLBASELL INDUS
02079K305 ALPHABET INC CL A	71,670	88,822
754730109 RAYMOND JAMES FINL I
375558103 GILEAD SCIENCES INC
806407102 SCHEIN HENRY INC COM	9,826	12,563
756109104 REALTY INCOME CORP
132011107 CAMBREX CORP COM
297178105 ESSEX PPTY TR INC
23636T100 DANONE SPONS A D R
92932M101 WNS HOLDINGS LTD ADR
686330101 ORIX CORP SPONS A D
438516106 HONEYWELL INTERNATIO
464287804 I SHARES S P SMALLC
46625H100 J P MORGAN CHASE CO	28,103	31,922
247361702 DELTA AIR LINES INC	51,641	51,297
34407D109 FLY LEASING LTD A D
609839105 MONOLITHIC POWER SYS	5,219	6,975
478160104 JOHNSON JOHNSON	23,915	24,261
171340102 CHURCH AND DWIGHT CO
222795106 COUSINS PPTYS INC
133131102 CAMDEN PPTY TR SBI
192422103 COGNEX CORP
59522J103 MID-AMER APT CMNTYS
358029106 FRESENIUS MED AKTIEN
N22717107 CORE LABORATORIES N
008492100 AGREE RLTY CORP
105368203 BRANDYWINE REALTY TR
554382101 MACERICH CO
77957Y106 T ROWE PRICE MID CAP	315,853	257,543
595112103 MICRON TECHNOLOGY IN	16,231	11,550
958102105 WESTERN DIGITAL CORP	54,375	21,221
127097103 CABOT OIL GAS CORP C	36,150	35,090
779572106 T ROWE PRICE SMALL C	137,665	118,417
09062X103 BIOGEN, INC	38,668	42,731
31620M106 FIDELITY NATL INFORM	12,798	13,639
902252105 TYLER TECHNOLOGIES I	13,776	12,078
149498107 CAUSEWAY EMERGING MA	647,732	522,559
848637104 SPLUNK INC	55,486	52,425
81762P102 SERVICENOW INC	30,783	32,939
166764100 CHEVRON CORPORATION	13,046	12,184
70450Y103 PAYPAL HOLDINGS INC	27,051	26,909
315910620 FIDELITY INVT TR AD	859,288	705,428
256746108 DOLLAR TREE INC	9,281	8,851
670678507 NUVEEN REAL ESTATE S	473,288	453,813
608190104 MOHAWK INDS INC CO	66,684	35,673
22160K105 COSTCO WHSL CORP	50,827	55,409
15135B101 CENTENE CORP COM	51,281	49,694
89353D107 TRANSCANADA CORP	57,054	50,801
852234103 SQUARE INC A	36,694	38,870
92914A810 VOYA INTERNATIONAL R	536,720	481,238
808513105 SCHWAB CHARLES CORP	70,422	55,401
G6095L109 APTIV PLC	42,227	37,496
74316J458 CONGRESS MID CAP GRO	294,952	275,002
06828M876 BARON EMERGING MARKE	637,676	532,885
74925K581 ROBECO BOSTON PARTNE	532,958	459,304
38143H381 GOLDMAN SACHS COMM S	317,615	264,767
151020104 CELGENE CORPORATION	64,834	47,619
28176E108 EDWARDS LIFESCIENCES	24,269	26,345
670678200 NUVEEN SMALL CAP VAL	154,037	123,701
76680R206 RINGCENTRAL INC	31,926	28,030
89400J107 TRANSUNION	19,973	18,460
701877102 PARSLEY ENERGY INC-C	94,216	54,747
756577102 RED HAT INC COM	91,518	98,007
30303M102 FACEBOOK INC A	87,145	76,032
464288877 ISHARES MSCI EAFE VA	864,713	742,919
012653101 ALBEMARLE CORP	49,989	41,078

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
U S TREASURY NT 2.125% 11
U S TREASURY BD 2.875% 11
U S TREASURY NT 2.250% 2
U S TREASURY NT 1.750% 11
F N M A M T N 7.270% 7
U S TREASURY BD 6.875 08/15/20
U S TREASURY NT 1.000% 3
U S TREASURY NT 0.750% 4
U S TREASURY BD 6.875 08/15/20	AT COST	102,219	125,934
F N M A M T N 7.270% 7	AT COST	98,000	129,722
U S TREASURY BD 2.875% 11	AT COST	18,781	19,446
U S TREASURY NT 1.750% 11	AT COST	15,658	15,677
U S TREASURY NT 2.250% 2	AT COST	8,383	8,739

Category	Amount	Net Investment Income
FOREIGN TAXES	8,120	8,120
FEDERAL ESTIMATES - PRINCIPAL	44,500	0
FOREIGN TAXES ON NONQUALIFIED	945	945

Description	Amount
DISALLOWED LOSS	2,657
TRANSDIGM GROUP BOOK VALUE ADJ	517
COST BASIS ADJ	623