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
BISHOP FLEET FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1420 FIFTH AVENUE SUITE 3200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEATTLE, WA981012349
A Employer identification number

91-6031057
B Telephone number (see instructions)

(206) 623-6172
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$2,105,839J 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 536 536  
4 Dividends and interest from securities... 49,322 49,322  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 116,566
b Gross sales price for all assets on line 6a 574,913
7 Capital gain net income (from Part IV, line 2)... 116,566
8 Net short-term capital gain.........  
9 Income modifications........... 833
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........ 166,424 166,424 833
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,400 960   5,440
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,850 2,425   2,425
c Other professional fees (attach schedule).... Click to see attachment 17,024 17,024   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,635 635   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 97 49   48
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,180 1,057   1,123
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,186 22,150   9,036
25 Contributions, gifts, grants paid....... 127,500 127,500
26 Total expenses and disbursements. Add lines 24 and 25 160,686 22,150   136,536
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,738
b Net investment income (if negative, enter -0-) 144,274
c Adjusted net income (if negative, enter -0-)... 833
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 105,793 69,252 69,252
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 40,319 Click to see attachment40,319 46,816
b Investments—corporate stock (attach schedule)....... 408,036 Click to see attachment411,013 746,581
c Investments—corporate bonds (attach schedule)....... 584,794 Click to see attachment662,827 647,144
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 546,433 Click to see attachment508,080 589,804
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,687 Click to see attachment6,242 Click to see attachment6,242
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,691,062 1,697,733 2,105,839
Liabilities 17 Accounts payable and accrued expenses.......... 4,750 4,850
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)......... 4,750 4,850
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........ 1,686,312 1,692,883
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 1,686,312 1,692,883
31 Total liabilities and net assets/fund balances (see instructions). 1,691,062 1,697,733
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
1,686,312
2
Enter amount from Part I, line 27a .....................
2
5,738
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
833
4
Add lines 1, 2, and 3 ..........................
4
1,692,883
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,692,883
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 574,833   458,347 116,486
b 80     80
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       116,486
b       80
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 116,566
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 136,779 2,259,368 0.060539
2016 132,823 2,164,531 0.061363
2015 136,298 2,291,022 0.059492
2014 144,222 2,377,035 0.060673
2013 109,856 2,279,267 0.048198
2
Total of line 1, column (d) .....................
2
0.290265
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
0.058053
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,294,950
5
Multiply line 4 by line 3......................
5
133,229
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,443
7
Add lines 5 and 6........................
7
134,672
8
Enter qualifying distributions from Part XII, line 4,.............
8
136,536
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,443
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,443
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,443
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,524
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,524
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,081
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,081 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    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 - NONE
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (206) 623-6172

    Located atbullet1420 FIFTH AVENUE SUITE 3200SEATTLEWA ZIP+4bullet981012349
    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
     
    No
    .........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
    CHRISTIAN W BIRKELAND PRESIDENT & TRUSTEE
    1.00     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    JAMES R CALLAGHAN PRESIDENT EMERITUS & TRUSTEE
    0.50     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    C LEIGH CALLAGHAN VICE PRESIDENT, TREASURER & TRUSTEE
    0.50     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    KEVIN CAHOON SECRETARY & TRUSTEE
    0.50     		1,600 0 0
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,248,038
    b
    Average of monthly cash balances.......................
    1b
    75,618
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,242
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,329,898
    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
    2,329,898
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    34,948
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,294,950
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    114,748
    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
    114,748
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,443
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,443
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    113,305
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    113,305
    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
    113,305
    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
    136,536
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    136,536
    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
    1,443
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    135,093
    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 7 113,305
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017...... 7,198
    fTotal of lines 3a through e........ 7,198
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 136,536
    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..... 113,305
    e Remaining amount distributed out of corpus 23,231
    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 30,429
    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 ......     		30,429
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 7,198
    e Excess from 2018.... 23,231
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BISHOP FLEET FOUNDATION
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    (206) 623-6172
    BISHOPFLEETFOUNDATION@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    SCHOLARSHIP APPLICATION FORM
    cAny submission deadlines:
    MAY 1 FOR GRANTS TO BE CONSIDERED FOR UPCOMING ACADEMIC YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO FULL TIME STUDENTS ENROLLED IN AN UNDERGRADUATE ACADEMIC PROGRAM LEADING TO A DEGREE. SCHOLARSHIPS ARE LIMITED TO $2,500 PER STUDENT PER ACADEMIC YEAR.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BISHOP FLEET FOUNDATION
    1420 FIFTH AVENUE SUITE 3200
    SEATTLE,WA98101
    (206) 623-6172
    BISHOPFLEETFOUNDATION@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    NO PARTICULAR FORM
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ALZHEIMER'S ASSOCIATION OF THE NORTHWEST
    19031 33 AVENUE W 301
    LYNNWOOD,WA98036     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    ARTHRITIS FOUNDATION WASHINGTON STATE CHAPTER
    115 NE 100TH STREET 303
    SEATTLE,WA98125     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    BENAROYA RESEARCH FOUNDATION
    1201 NINTH AVENUE
    SEATTLE,WA981012795     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    BIG BROTHERS & BIG SISTERS
    1600 S GRAHAM STREET
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    CENTRAL WASHINGTON UNIVERSITY
    400 E UNIVERSITY WAY
    ELLENSBURG,WA98926     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    CHAPMAN UNIVERSITY
    ONE UNIVERSITY DRIVE
    ORANGE,CA92866     		NONE PUBLIC CHARITY SCHOLARSAHIP GRANT 2,500
    CHILDREN'S HOME SOCIETY OF WASHINGTON
    PO BOX 15190
    SEATTLE,WA981159959     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    CITY OF MONTESANO
    112 MAIN STREET N
    MONTESANO,WA98563     		N/A - NONE GOVERNMENT ENTITY GENERAL SUPPORT 1,000
    COMMUNITY FOR YOUTH
    999 THIRD AVENUE 1080
    SEATTLE,WA98104     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    COMMUNITY HOMES
    PO BOX 1240
    BOTHELL,WA980411240     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    CONSERVATION NW
    1208 BAY STREET 201
    BELLINGHAM,WA98225     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    EASTERN WASHINGTON UNIVERSITY
    102 SUTTON HALL
    CHENEY,WA99004     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    EXPERIMENTAL EDUCATION UNIT
    PO BOX 357925
    SEATTLE,WA98195     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    FORGOTTEN CHILDREN'S FUND
    PO BOX 9936
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    FRED HUTCHINSON CANCER RESEARCH FOUNDATION
    1100 FAIRVIEW AVENUE N PO BOX 19024
    SEATTLE,WA981091024     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    GONZAGA UNIVERSITY
    502 E BOONE AVENUE
    SPOKANE,WA99258     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    KCTS TELEVISION
    401 MERCER STREET
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    KUOW RADIO 949
    4518 UNIVERSITY WAY NE 310
    SEATTLE,WA98105     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    LIFELONG AIDS ALLIANCE
    PO BOX 80547
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    LUEKEMIA & LYMPHOMA SOCIETY
    5601 6TH AVENUS S 182
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    MAKE A WISH FOUNDATION
    811 FIRST AVENUE 520
    SEATTLE,WA98104     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    MIDDLEBURY COLLEGE
    84 S SERVICE ROAD
    MIDDLEBURY,VT05753     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    MUSEUM OF FLIGHT
    9404 E MARGINAL WAY S
    SEATTLE,WA98108     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY - NW CHAPTER
    192 NICKERSON STREET 100
    SEATTLE,WA98109     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    NORTHWEST HARVEST
    PO BOX 12272
    SEATTLE,WA98102     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 4,000
    NORTHWEST SCHOOL FOR DEAF AND HARD-OF-HEARING CHILDREN
    15303 WESTMINISTER WAY N
    SHORELINE,WA98133     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    PLANNED PARENTHOOD OF SEATTLE-KING COUNTY
    2001 E MADISON STREET
    SEATTLE,WA98122     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    RECOVERY CAFE
    2022 BOREN AVENUE
    SEATTLE,WA98121     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    RONALD MCDONALD HOUSE SEATTLE
    5130 40TH AVENUE NE
    SEATTLE,WA98105     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    RYTHER FOUNDATION
    2400 NE 95TH STREET
    SEATTLE,WA98115     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SEATTLE CHILDREN'S HOSPITAL AND RESEARCH FOUNDATION
    M/S S-200 PO BOX 5371
    SEATTLE,WA981455005     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    SEATTLE CHILDREN'S HOSPITAL AND RESEARCH FOUNDATION
    M/S S-200 PO BOX 5371
    SEATTLE,WA981455005     		N/A - NONE PUBLIC CHARITY AUTISM CENTER 3,000
    SEATTLE GOODWILL
    700 DEARBORN PLACE S
    SEATTLE,WA98144     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    SOULUMINATION
    1113 NW 52ND STREET UNIT A
    SEATTLE,WA98107     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    SPOKANE COMMUNITY COLLEGE
    1810 N GREENE STREET
    SPOKANE,WA99217     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    STANFORD UNIVERSITY
    355 GALVEZ STREET
    STANFORD,CA94305     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    SWEDISH MEDICAL CENTER FOUNDATION
    747 BROADWAY
    SEATTLE,WA981224307     		N/A - NONE PUBLIC CHARITY RIVKIN OVARIAN CANCER RESEARCH 2,000
    TACOMA COMMUNITY COLLEGE
    6501 S 19TH STREET
    TACOMA,WA98466     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 2,500
    THE FRIENDSHIP CIRCLE
    2737 77TH AVENUE SE 101
    MERCER ISLAND,WA98040     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    THE MILLIONAIR CLUB CHARITY INC
    2515 WESTERN AVENUE
    SEATTLE,WA98121     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    THE SALVATION ARMY
    PO BOX 9219
    SEATTLE,WA981090200     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    TREEHOUSE FOR KIDS
    2100 24TH AVENUE S 200
    SEATTLE,WA981444612     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    UNION GOSPEL MISSION
    PO BOX 202
    SEATTLE,WA981110202     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 3,000
    UNIVERSITY OF WASHINGTON
    PO BOX 24967
    SEATTLE,WA98124     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 12,500
    VILLAGE COMMUNITY SERVICES
    3210 SMOKEY POINT DRIVE 200
    ARLINGTON,WA982237805     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 2,000
    WASHINGTON STATE UNIVERSITY
    342 FRENCH ADMINISTRATION BUILDING
    PO BOX 641039
    PULLMAN,WA99164     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 10,000
    WESTERN WASHINGTON UNIVERSITY
    516 HIGH STREET
    BELLINGHAM,WA98225     		NONE PUBLIC CHARITY SCHOLARSHIP GRANT 5,000
    YMCA OF GREATER SEATTLE
    909 FOURTH AVENUE
    SEATTLE,WA981041194     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    YOUTH CARE
    2500 NE 54TH STREET 100
    SEATTLE,WA98105     		N/A - NONE PUBLIC CHARITY GENERAL SUPPORT 4,000
    YWCA
    1118 FIFTH AVENUE
    SEATTLE,WA98101     		N/A - NONE PUBLIC CHARITY ANGELINE'S CENTER 3,000
    YWCA
    1118 FIFTH AVENUE
    SEATTLE,WA98101     		N/A - NONE PUBLIC CHARITY SEATTLE EMERGENCY HOUSING 2,000
    Total .................................bullet 3a 127,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 536  
    4 Dividends and interest from securities....     14 49,322  
    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 ............     		    18 116,566  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 166,424 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    166,424
    (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 AccountingFeesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION FEES 4,850 2,425   2,425

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 3.2% 11/06/2022 15,465 14,771
    AMAZON.COM INC 2.5% 11/29/2022 14,595 14,656
    BANK OF AMERICA 2.625% 4/19/2021 20,052 19,722
    BB&T CORPORATION 2.45% 1/15/2020 20,106 19,859
    BECTON DICKINSON & CO 3.125% 11/8/2021 25,625 24,608
    BERSHIRE HATHAWAY 3.4% 1/31/2022 16,134 15,126
    BLACKROCK INC 4.25% 5/24/2021 15,199 15,412
    BOEING CO 6% 3/15/2019 11,027 10,061
    BRISTOL MYERS SQUIB 2% 8/1/2022 19,408 19,209
    CATERPILLAR INC 2.6% 6/26/2022 14,915 14,678
    CISCO SYSTEMS INC 1.85% 9/20/2021 9,625 9,723
    COMCAST CORPORATION 5.15% 3/1/2020 17,219 15,373
    COSTCO WHOLESALE 2.25% 2/15/2022 14,503 14,638
    ECOLAB INC 2.375% 8/10/2022 19,659 19,298
    EMERSON ELEC CO 2.625% 2/15/2023 14,307 14,530
    EOG RESOURCES INC 4.1% 2/1/2021 20,474 20,270
    GENERAL DYNAMIC 1.875% 8/15/2013 18,482 18,660
    GENERAL ELECTRIC CO 2.2% 1/9/2020 15,186 14,758
    GOLDMAN SACHS GRO VAR% 9/15/2020 20,274 20,085
    HOME DEPOT INC 2.7% 4/1/2023 14,465 14,776
    INTEL CORPORATION 3.3% 10/1/2021 15,253 15,157
    JP MORGAN CHASE 3.25% 9/23/2022 15,403 14,853
    LOCKHEED MARTIN 3.1% 1/15/2023 25,255 24,749
    MCDONALDS CORP 5% 2/1/2019 10,962 10,017
    MEDTRONIC INC 2.75% 4/1/2023 20,081 19,453
    MEDTRONIC PLC 3.15% 3/15/2022 4,992 4,973
    MERCK & CO 2.4% 9/15/2022 14,139 14,621
    MICROSOFT CORP 2.875% 2/6/2024 19,464 19,763
    MORGAN STANLEY 2.8% 6/16/2020 20,112 19,855
    NVIDIA CORP 2.2% 9/16/2021 24,963 24,383
    OCCIDENTAL PETROLEUM 4.1% 2/1/2021 11,022 10,172
    QUEST DIAGNOSTICS 4.75% 1/30/2020 21,278 20,231
    STANLEY BLACK & DECKER 2.9% 11/1/2022 20,420 19,470
    UNITEDHEALTH GR 3.875% 10/15/2020 21,811 20,251
    VERIZON COMMUNICATIONS 2.625% 2/21/2020 15,181 14,941
    VISA INC 2.8% 12/14/2022 20,130 19,751
    WAL-MART STORES 2.55% 4/11/2023 15,079 14,591
    WASTE MANAGEMENT 2.9% 6/15/2022 15,221 14,773
    WELLS FARGO CO 3.5% 3/8/2022 15,341 14,927

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A T & T INC 1,929 4,081
    ADOBE INC 6,694 5,656
    ALIBABA GROUP HLDG 6,185 6,853
    ALPHABET INC CLASS A 1,407 10,450
    ALPHABET INC CLASS C 1,399 10,356
    AMAZON.COM INC 1,199 22,530
    AMERICAN TOWER CORP 1,837 7,910
    AMGEN INC 7,587 9,733
    APPLE INC 892 19,717
    ATIVISON BLIZZARD 4,832 6,985
    BANK OF AMERICA CORP 15,869 13,552
    BB&T CORPORATION 5,045 6,498
    BERKSHIRE HATHAWAY CLASS B 8,187 20,418
    BOEING CO 3,817 16,125
    BOOKING HOLDINGS INC 2,428 8,612
    BROADCOM LTD 5,746 8,900
    CHARLES SCHWAB CORP 5,149 7,268
    CHEVRON CORPORATION 8,330 10,879
    CISCO SYSTEMS INC 7,578 7,583
    COGNIZANT TECH SOLUTIONS CORP 1,577 7,935
    COLGATE-PALMOLIVE CO 6,283 5,952
    CONSTALLATION BRAND 7,261 8,041
    COSTAR GROUP INC 6,278 5,060
    COSTCO WHOLESALE CORP 1,124 12,223
    D X C TECHNOLOGY 6,055 5,317
    DANAHER CORP 7,203 12,890
    DOWDUPONT INC 12,128 10,696
    ECOLAB INC 1,151 11,051
    EOG RESOURCES INC 5,267 8,721
    ESTEE LAUDERCO INC 6,447 6,505
    EXXON MOBIL CORP 4,624 5,114
    FACEBOOK INC 5,005 9,832
    FEDEX CORPORATION 4,554 8,066
    FIDELITY NATL INFO 3,056 12,819
    FIRST REPUBLIC BANK 9,044 8,690
    FORTIVE CORPORATION 6,618 10,149
    HEALTHEQUITY INC 6,571 5,070
    HOME DEPOT INC 2,447 12,887
    HONEYWELL INTL INC 4,076 9,909
    J P MORGAN CHASE & CO 9,607 19,524
    JOHNSON & JOHNSON 10,788 17,422
    LAM RESEARCH CORPORATION 1,594 4,085
    LILLY ELI & CO 7,549 11,572
    MARRIOTT INTL INC 2,538 8,142
    MARSH & MCLENNAN COS 3,080 11,963
    MCDONALDS CORP 16,780 17,757
    MEDTRONIC PLC 12,477 13,644
    MICROSOFT CORP 7,404 25,393
    MONDELEZ INTL INC 2,854 7,005
    MORGAN STANLEY 9,560 8,921
    NETFLIX INC 7,887 13,383
    NEXTERA ENERGY INC 4,939 14,775
    PAYPAL HOLDING INC 3,488 12,613
    PEPSICO INC 2,363 6,629
    PFIZER INC 7,736 14,186
    PROLOGIS INC 4,508 6,753
    RAYTHEON CO 8,623 6,134
    SALESFORCE.COM 6,016 11,642
    SCHLUMBERGER LTD 3,076 2,706
    SERVICE NOW INC 9,362 8,903
    SHERWIN WILLIAMS CO 5,941 5,902
    STRYKER CORP 6,473 7,837
    THERMO FISHER SCIENTIFIC INC 2,155 13,427
    U S BANCORP 4,889 9,140
    UNION PACIFIC CORP 3,537 10,367
    UNITEDHEALTH GRP INC 7,952 12,456
    VALERO ENERGY CORP 3,885 5,623
    VERIZON COMMUNICATIONS 7,485 11,244
    VISA INC 4,284 19,791
    W E C ENERGY GROUP 3,549 8,658
    WAL-MART STORES 7,778 6,986
    WALT DISNEY CO 7,977 10,965

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    US Government Securities - End of Year Book Value:

    40,319
    US Government Securities - End of Year Fair Market Value:

    46,816
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLDMAN SACHS ACCES TREAS 0 1 YR ETF AT COST 37,541 37,519
    GOLDMAN SACHS ACTVBETA EMRG MKT EQY ETF AT COST 11,804 10,542
    INVESCO FTSE RAFI US 1500 SMALL-MID ETF AT COST 4,747 11,366
    ISHARES 3-7 YEAR TREAS BOND ETF AT COST 56,983 57,665
    ISHARES 7-10 YEAR TREAS BOND ETF AT COST 10,835 10,420
    ISHARES CORE MSCI EAFE ETF AT COST 67,933 82,292
    ISHARES CORE S&P MID CAP ETF AT COST 19,899 45,666
    ISHARES MSCI PACIFIC EX JAPAN ETF AT COST 6,889 10,175
    ISHARES RUSSELL 2000 GROWTH ETF AT COST 20,214 21,000
    ISHARES RUSSELL 2000 VALUE ETF AT COST 18,857 18,820
    ISHARES RUSSELL MIDCAP FORWARD SPLIT AT COST 19,721 17,430
    ISHARES RUSSELL MIDCAP GROWTH ETF AT COST 12,274 14,214
    ISHARES S&P SMALLCAP 600 GROWTH ETF AT COST 4,037 12,100
    ISHARES TOTAL US STOCK MARKET ETF AT COST 21,573 24,123
    JPMORGAN DVRSFD RTRN INTRNL EQT ETF AT COST 15,890 13,995
    PIMCO ENHNCD SHRT MATRTY ACTV ETF IV AT COST 25,394 25,237
    VANGUARD FTSE DEVELOPED MARKETS ETF AT COST 49,064 48,230
    VANGUARD FTSE EMERGING MARKETS ETF AT COST 30,572 37,148
    VANGUARD LARGE CAP ETF AT COST 20,916 31,586
    VANGUARD SHORT-TERM CORP BOND ETF AT COST 27,770 27,279
    VANGUARD SMALL CAP ETF AT COST 25,167 32,997

    TY 2018 OtherAssetsSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS AND INTEREST 5,687 6,242 6,242


    TY 2018 OtherExpensesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE ADMINISTRATION FEES 2,000 1,000   1,000
    OFFICE ADMINISTRATION EXPENSES 80 40   40
    STATE REGISTRATION FEES 65 0   65
    BANK ACCOUNT FEES 35 17   18


    TY 2018 OtherIncreasesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Description Amount
    RECOVERY OF AMOUNTS PREVIOUSLY TREATED AS QUALIFIED DISTRIBUTIONS 833


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 17,024 17,024   0


    TY 2018 TaxesSchedule
    Name:
    BISHOP FLEET FOUNDATION
    EIN:
    91-6031057
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN INCOME TAXES 635 635   0
    FEDERAL EXCISE TAX 2,000 0   0