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
TROXEL FAMILY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)571 CENTRAL AVE SUITE 120
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW PROVIDENCE, NJ07974

A Employer identification number

47-4209182

B Telephone number (see instructions)

(908) 888-2052

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

$4,519,449J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,584,489
2	Check .............
3	Interest on savings and temporary cash investments	3,878		3,878
4	Dividends and interest from securities...	61,072		61,072
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-2,090
b	Gross sales price for all assets on line 6a 3,214,126
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	2,647,349		64,950
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		16,815	2,019	2,738
b	Accounting fees (attach schedule).......		7,135	2,315	2,065
c	Other professional fees (attach schedule)....		29,123	29,123
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,416	861
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		667
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	56,156		34,318	4,803
25	Contributions, gifts, grants paid.......	95,850			95,850
26	Total expenses and disbursements. Add lines 24 and 25	152,006		34,318	100,653
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,495,343
b	Net investment income (if negative, enter -0-)			30,632
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	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.............
	2	Savings and temporary cash investments.........	73,043	344,347	344,347
	3	Accounts receivable 2,739
		Less: allowance for doubtful accounts	1,348	2,739	2,739
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	131	620
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,749,153	4,052,176	4,095,780
	c	Investments—corporate bonds (attach schedule).......	158,540	78,343	76,583
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 10,000
		Less: accumulated depreciation (attach schedule) 2,500	8,167	7,500
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,990,382	4,485,725	4,519,449
	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..................	1,990,382	4,485,725
	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........
	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).....	1,990,382	4,485,725
	31	Total liabilities and net assets/fund balances (see instructions).	1,990,382	4,485,725

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) ...............

1,990,382

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

2,495,343

Other increases not included in line 2 (itemize) bullet

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

4,485,725

Decreases not included in line 2 (itemize) bullet

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

4,485,725

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	1555.000 AMER FUND EUROPAC GROW	P	2018-08-31	2018-10-25
b	2281.47 FIDELITY ADV EMRG MKT	P	2016-06-28	2018-11-02
c	100.0 APERGY CORP	D	2018-08-31	2018-09-27
d	50.0 COGATE PALMOLIVE	D	2018-08-31	2018-09-27
e	200.0 GREAT SOUTHERN BANCORP	D	2018-08-31	2018-09-27
	500.0 NATIONAL BANK OF CANADA	D	2018-08-31	2018-09-27
	200.0 SYSCO CORP	D	2018-08-31	2018-09-27
	87 WEINGARTEN REALTY INVESTORS	D	2018-08-31	2018-09-27
	25000.000 ORACLE CORP	P	2016-05-20	2018-04-16
	BRYN MAWR BK CP-300	D	2018-08-08	2018-08-14
	CVB FINCL CP-95.5	D	2018-08-08	2018-08-14
	ERIE INDEMNITY COMPANY CL A-50	D	2018-08-08	2018-08-14
	INDUSTRIAL SEL SEC SPDR FD-104	P	2017-04-25	2018-03-23
	KROGER CO-300	D	2018-08-08	2018-08-14
	PENTAIR PLC-9	D	2018-08-08	2018-08-14
	SCHLUMBERGER LTD-34	P	2018-05-23	2018-12-10
	SYSCO CORP-200	D	2018-08-08	2018-08-14
	WALT DISNEY CO HLDG CO-1	P	2017-09-13	2018-01-30
	ARISTA NETWORKS INC-22	P	2016-05-25	2018-01-30
	INVESCO AEROSPACE & DEFENSE ET-77	P	2017-04-25	2018-08-01
	LAZARD US EQ CONCENTRD INST-12.98	P	2016-12-22	2018-07-24
	SPDR S&P MIDCAP 400 ETF TRUST-10	P	2016-11-14	2018-08-03
	1431.297 AMER FUND EUROPAC GROW	P	2018-10-01	2018-10-25
	5 FOUR CORNERS PROPERTY TRUST	D	2018-08-31	2018-09-27
	340.0 ARROW FINANICAL	D	2018-08-31	2018-09-27
	25.0 CORELOGIC INC.	D	2018-08-31	2018-09-27
	25.0 HONEYWELL INTL	D	2018-08-31	2018-09-27
	800.0 NUCOR CORP	D	2018-08-31	2018-09-27
	37.0 TE CONNECTIVITY LTD	D	2018-08-31	2018-09-27
	75 WESTAMERICA BANCORP	D	2018-08-31	2018-09-27
	25000.000 PFIZER INC	P	2016-04-15	2018-03-01
	CARDINAL HEALTH INC-25	D	2018-08-08	2018-08-14
	DBX ETF TR XTRACK MSCI EURP-120	P	2017-05-23	2018-01-26
	ERIE INDEMNITY COMPANY CL A-100	D	2018-08-08	2018-08-14
	INVESTORS TITLE CO-25	D	2018-08-08	2018-08-14
	LANDSTAR SYSTEM INC-50	P	2018-08-08	2018-08-14
	PNC FINL SVCS GP-98	D	2018-08-08	2018-08-14
	SCHLUMBERGER LTD-71	P	2018-08-03	2018-12-10
	T ROWE PRICE JAPAN FUND-2.407	P	2017-12-18	2018-07-30
	WASHINGTON FEDERAL INC-676	D	2018-08-08	2018-08-14
	ARISTA NETWORKS INC-4	P	2016-05-25	2018-03-19
	INVESCO S&P SMALLCAP INDUSTRIA-89	P	2016-12-29	2018-06-28
	LAZARD US EQ CONCENTRD INST-2.109	P	2016-12-22	2018-07-24
	SPDR S&P MIDCAP 400 ETF TRUST-10	P	2016-12-01	2018-08-03
	15909.074 DELAWARE DIVERSIFIED INC	P	2018-02-27	2018-10-25
	1606.063 HARDING LOEVNER INST EMERG	P	2016-06-28	2018-11-01
	10.0 ARROW FINANCIAL CORP	P		2018-09-28
	29.0 COTY INC.	D	2018-08-31	2018-09-27
	400.0 ILLINOIS TOOL WORKS INC.	D	2018-08-31	2018-09-27
	9.0 NVENT ELECTROIC PLC	D	2018-08-31	2018-09-27
	25.0 THE HERSHEY CO	D	2018-08-31	2018-09-27
	125 WESTERN UNION	D	2018-08-31	2018-09-27
	146.000 VANGUARD SHORT TERM BND	P		2018-01-30
	CATALYST MILLBURN HGD STRAT I-394.39	P	2017-05-18	2018-05-03
	DBX ETF TR XTRACK RUSS 1000-102	P	2017-06-13	2018-05-31
	ERIE INDEMNITY COMPANY CL A-25	D	2018-08-08	2018-08-14
	JD COM INC SPON ADR CL A-603	P	2018-08-14	2018-12-10
	LAZARD US EQ CONCENTRD INST-0.012	P	2017-08-21	2018-07-24
	POWERSHARES S&P 600 LOW VOLATI-9	P	2017-02-23	2018-01-30
	SCHLUMBERGER LTD-210	P	2018-08-14	2018-12-10
	T ROWE PRICE JAPAN FUND-1.72	P	2017-12-18	2018-07-30
	WEINGARTEN REALTY INV SBI-88	D	2018-08-08	2018-08-14
	ARISTA NETWORKS INC-4	P	2016-08-05	2018-03-19
	ISHARES MSCI EAFE ETF-308	P	2017-05-23	2018-08-14
	MICROSOFT CORP-23	P	2016-04-15	2018-01-02
	SPDR S&P MIDCAP 400 ETF TRUST-12	P	2016-12-29	2018-08-03
	267.802 DFA INTL SMALL CAP VALUE	P	2018-04-03	2018-10-25
	388.0 ISHARES MSCI EAFE ETF	P	2016-06-28	2018-09-28
	0.2 ARROW FINANCIAL CORP	P		2018-10-10
	124.0 CVB FINANCIAL CORP	D	2018-08-31	2018-09-27
	25.0 INVESTORS TITLE CO	D	2018-08-31	2018-09-27
	8.0 PENTAIR PLC	D	2018-08-31	2018-09-27
	50.0 TJX COS INC	D	2018-08-31	2018-09-27
	75 WEYCO GROUP	D	2018-08-31	2018-09-27
	A G C O CORP-25	D	2018-08-08	2018-08-14
	CATALYST MILLBURN HGD STRAT I-19.893	P	2017-12-15	2018-05-03
	DBX ETF TR XTRACK RUSS 1000-91	P	2017-06-13	2018-05-31
	ESSEX PROPERTY TRUST INC-50	D	2018-08-08	2018-08-14
	JOHN HANCOCK FINANCIAL OPPS FD-9	P	2017-03-29	2018-01-26
	LAZARD US EQ CONCENTRD INST-79.344	P	2017-12-21	2018-07-24
	POWERSHARES S&P 600 LOW VOLATI-77	P	2017-04-25	2018-01-30
	SENSIENT TECH CORP-100	D	2018-08-08	2018-08-14
	THE BOSTON BEER CO INC A-47	P	2018-02-23	2018-10-29
	WESTAMERICA BANCORPORATION-50	D	2018-08-08	2018-08-14
	ARISTA NETWORKS INC-81	P	2016-08-05	2018-10-30
	JOHN HANCOCK FINANCIAL OPPS FD-30	P	2016-12-29	2018-01-16
	NETFLIX INC-20	P	2016-06-23	2018-01-30
	SPDR S&P REGIONAL BANKING ETF-114	P	2016-12-29	2018-03-23
	2425.979 FIDELITY ADV EMRG MKT	P		2018-11-02
	33.0 ISHARES RUSSELL 2000 GROIWTH	P	2016-06-28	2018-02-27
	100.0 AT&T	D	2018-08-31	2018-09-27
	100.0 DOVER CORP	D	2018-08-31	2018-09-27
	35.0 JOHNSON CONTROLS INTL	D	2018-08-31	2018-09-27
	98.0 PNC BANK	D	2018-08-31	2018-09-27
	300.0 TJX COS INC	D	2018-08-31	2018-09-27
	80 WEYERHAEUSER CO REIT	D	2018-08-31	2018-09-27
	ADIENT PLC COM-4	D	2018-08-08	2018-08-14
	CATALYST MILLBURN HGD STRAT I-15.434	P	2017-12-15	2018-05-03
	DBX ETF TR XTRACK RUSS 1000-124	P	2017-06-13	2018-05-31
	EVEREST RE GROUP LTD-100	D	2018-08-08	2018-08-14
	JOHN HANCOCK FINANCIAL OPPS FD-24	P	2017-03-29	2018-01-29
	LAZARD US EQ CONCENTRD INST-12.461	P	2017-12-21	2018-07-24
	PROSHARES TR-308	P	2017-11-15	2018-06-27
	SIEMENS AKTIENGESELLSCHAFT-324	P	2018-08-14	2018-12-21
	TOMPKINS FNCL CORP-70	D	2018-08-08	2018-08-14
	WESTAMERICA BANCORPORATION-25	D	2018-08-08	2018-08-14
	BRISTOL MYERS SQUIBB CO-73	P	2016-03-01	2018-04-23
	JOHN HANCOCK FINANCIAL OPPS FD-32	P	2016-12-29	2018-01-17
	PALO ALTO NETWORKS INC.-78	P	2017-03-03	2018-10-30
	SPDR S&P REGIONAL BANKING ETF-2	P	2017-02-23	2018-03-23
	726.301 HARBOR INTERNATIONAL FUND	P		2018-02-27
	32.0 ISHARES RUSSELL 2000 GROWTH	P	2016-06-28	2018-04-03
	80.0 BALCHEM CORP	D	2018-08-31	2018-09-27
	132.0 EQUITY RESIDENTIAL PPTYS	D	2018-08-31	2018-09-27
	55.0 KEYCORP	D	2018-08-31	2018-09-27
	166.0 PROCTER & GAMBLE CO	D	2018-08-31	2018-09-27
	69.0 TOMPKINS FINANCIAL	D	2018-08-31	2018-09-27
	175 WHITE MOUNTAINS INSURANCE GROUP	D	2018-08-31	2018-09-27
	ADVANSIX INC-1	D	2018-08-08	2018-08-14
	CHEVRON CORP-60	P	2018-07-11	2018-12-21
	DBX ETF TR XTRACK RUSS 1000-105	P	2017-06-13	2018-05-31
	EXPRESS SCRIPTS HLDG CO COM-83	D	2018-08-08	2018-08-14
	JOHN HANCOCK FINANCIAL OPPS FD-20	P	2017-03-29	2018-01-30
	MALLINCKRODT PUBLIC LTD CO-4	D	2018-08-08	2018-08-14
	PROSHARES TR-184	P	2018-03-23	2018-06-27
	SONOCO PRODUCTS CO-100	D	2018-08-08	2018-08-14
	TORONTO DOM BK NEW-49	D	2018-08-08	2018-08-14
	WESTERN UN CO-125	D	2018-08-08	2018-08-14
	BRISTOL MYERS SQUIBB CO-85	P	2016-03-14	2018-04-23
	JOHN HANCOCK FINANCIAL OPPS FD-2	P	2016-12-01	2018-01-23
	POWERSHARES S&P 600 LOW VOLATI-37	P	2016-11-14	2018-01-30
	STARBUCKS CORP WASHINGTON-70	P	2016-03-01	2018-01-30
	3329.502 HARDING LOEVNER INST EMERG	P		2018-11-01
	50.0 ISHARES RUSSELL 2000 VALUE	P	2016-06-28	2018-04-03
	225.0 BB&T CORP	D	2018-08-31	2018-09-27
	175.0 ERIE INDEMNITY CO	D	2018-08-31	2018-09-27
	100.0 KNOWLES CORP	D	2018-08-31	2018-09-27
	50.0 RADIAN GROUP	D	2018-08-31	2018-09-27
	50.0 TORONTO DOMINION BANK	D	2018-08-31	2018-09-27
	82 WILLIS TOWERS WATSON	D	2018-08-31	2018-09-27
	AEGON NV ADR-641	D	2018-08-08	2018-08-14
	CHEVRON CORP-197	P	2018-08-14	2018-12-21
	DBX ETF TR XTRACK RUSS 1000-89	P	2017-06-13	2018-05-31
	FARMERS CAP BK CORP-25	D	2018-08-08	2018-08-14
	JOHN HANCOCK FINANCIAL OPPS FD-23	P	2017-03-29	2018-02-05
	MARSH & MCLENNAN COS INC-50	D	2018-08-08	2018-08-14
	PROSHARES TR-965	P	2018-04-02	2018-06-27
	SPDR S&P BIOTECH-11	P	2017-04-25	2018-02-02
	TRUSTMARK CP-50	D	2018-08-08	2018-08-14
	WEYCO GROUP INC-75	D	2018-08-08	2018-08-14
	CATALYST MILLBURN HGD STRAT I-678.31	P	2017-03-10	2018-05-03
	JOHN HANCOCK FINANCIAL OPPS FD-26	P	2016-12-29	2018-01-23
	POWERSHARES S&P 600 LOW VOLATI-36	P	2016-12-01	2018-01-30
	STARBUCKS CORP WASHINGTON-82	P	2016-03-14	2018-01-30
	87 ISHARES MSCI EAFE ETF	P	2018-06-15	2018-09-28
	85.0 MEDTRONIC PLC	D	2018-08-31	2018-09-27
	25.0 BELDEN INC	D	2018-08-31	2018-09-27
	51.0 ESSEX PROPERTY TRUST INC REIT	D	2018-08-31	2018-09-27
	300.0 KROGER CO	D	2018-08-31	2018-09-27
	75.0 RENAISSANCE HOLDINGS LTD	D	2018-08-31	2018-09-27
	50.0 TRUSTMARK CORP	D	2018-08-31	2018-09-27
	100 WORLD ACCEPTANCE CORP	D	2018-08-31	2018-09-27
	AFLAC INCORPORATED-150	D	2018-08-08	2018-08-14
	CHEVRON CORP-3	P	2018-10-15	2018-12-21
	DBX ETF TR XTRACK RUSS 1000-153	P	2017-06-13	2018-06-05
	FEDL RLTY INVT TRUST S B I-100	D	2018-08-08	2018-08-14
	JOHN HANCOCK FINANCIAL OPPS FD-23	P	2017-03-29	2018-02-07
	MARSH & MCLENNAN COS INC-25	D	2018-08-08	2018-08-14
	RADIAN GROUP INC-50	D	2018-08-08	2018-08-14
	SPDR S&P MIDCAP 400 ETF TRUST-1	P	2017-02-23	2018-01-30
	U S BANCORP COM NEW-75	D	2018-08-08	2018-08-14
	WEYERHAEUSER CO-80	D	2018-08-08	2018-08-14
	COSTCO WHOLESALE CORP NEW-18	P	2016-04-15	2018-01-11
	JOHN HANCOCK FINANCIAL OPPS FD-25	P	2016-12-01	2018-01-25
	POWERSHARES S&P 600 LOW VOLATI-72	P	2016-12-29	2018-01-30
	SYNCHRONY FINANCIAL-437	P	2016-08-12	2018-01-25
	2253.001 TIAA-CREF LG CAP GROWTH	P	2018-09-28	2018-10-25
	12441.274 METROPOLITAN WEST INT BOND	P	2016-06-28	2018-02-27
	28.0 BOK FINANCIAL CORP	D	2018-08-31	2018-09-27
	100.0 EVEREST RE GROUP LTD	D	2018-08-31	2018-09-27
	50.0 LANDSTAR SYSTEMS	D	2018-08-31	2018-09-27
	50.0 ROYAL GOLD INC.	D	2018-08-31	2018-09-27
	300.0 UMH PROPERTIES INC	D	2018-08-31	2018-09-27
	193.347 INVESCO FLOATING RATE	P		2018-10-18
	APERGY CORP-100	D	2018-08-08	2018-08-14
	CHUBB LTD-100	D	2018-08-08	2018-08-14
	DBX ETF TR XTRACK RUSS 1000-178	P	2017-06-13	2018-06-05
	FOUR CORNERS PPTY TR INC-11	D	2018-08-08	2018-08-14
	JOHN HANCOCK FINANCIAL OPPS FD-21	P	2017-03-29	2018-02-09
	MATERIALS SEL SECT SPDR FD-145	P	2017-09-13	2018-07-11
	RENAISSANCE RE HOLDINGS LTD-75	D	2018-08-08	2018-08-14
	SPDR S&P MIDCAP 400 ETF TRUST-22	P	2017-04-25	2018-01-30
	U S BANCORP COM NEW-100	D	2018-08-08	2018-08-14
	WHITE MOUNTAIN GRP BERMUDA-50	D	2018-08-08	2018-08-14
	FACEBOOK INC CL-A-16	P	2016-06-23	2018-01-02
	JOHN HANCOCK FINANCIAL OPPS FD-15	P	2016-12-01	2018-01-26
	SPDR S&P BIOTECH-22	P	2016-11-14	2018-02-02
	T ROWE PRICE JAPAN FUND-521.307	P	2017-05-23	2018-07-30
	3.0 ADIENT PLC	D	2018-08-31	2018-09-27
	116.0 THERMO ELECTRON CORP	P	2016-03-08	2018-02-27
	600.0 BROWN & BROWN INC	D	2018-08-31	2018-09-27
	83.0 EXPRESS SCRIPTS HLDG	D	2018-08-31	2018-09-27
	100.0 LILLY ELI & CO	D	2018-08-31	2018-09-27
	25.0 SANDERSON FARMS	D	2018-08-31	2018-09-27
	75.0 UNILEVER NV	D	2018-08-31	2018-09-27
	94.716 METROPITAN WEST TOT RETURN	P		2018-01-26
	ARROW FINANCIAL CORP-340	D	2018-08-08	2018-08-14
	CORELOGIC INC-25	D	2018-08-08	2018-08-14
	DBX ETF TR XTRACK RUSS 1000-179	P	2017-06-13	2018-06-06
	GENERAL ELECTRIC CO-640	D	2018-08-08	2018-10-30
	JOHN HANCOCK FINANCIAL OPPS FD-3	P	2017-03-29	2018-02-12
	MEDTRONIC PLC SHS-86	D	2018-08-08	2018-08-14
	RESIDEO TECHNOLOGIES INC-0.833	P	2018-08-08	2018-10-29
	SPDR S&P REGIONAL BANKING ETF-69	P	2017-04-25	2018-03-23
	UMH PROPERTIES INC-300	D	2018-08-08	2018-08-14
	WILLIS TOWERS WATSON PUB LTD-82	D	2018-08-08	2018-08-14
	GARRETT MOTION INC-0.1	P	2016-03-01	2018-10-01
	JOHN HANCOCK FINANCIAL OPPS FD-22	P	2016-11-14	2018-02-12
	SPDR S&P BIOTECH-5	P	2016-11-23	2018-02-02
	THE BOSTON BEER CO INC-20	P	2017-10-27	2018-10-29
	59 BERKSHIRE HATHAWAY INC	P	2015-12-03	2018-02-27
	64.0 1ST SOURCE CORP	D	2018-08-31	2018-09-27
	400.0 BROWN & BROWN INC.	D	2018-08-31	2018-09-27
	100.0 FEDERAL REALTY INVT TR	D	2018-08-31	2018-09-27
	5.0 MALLINCKRODT PLC	D	2018-08-31	2018-09-27
	100.0 SENSIENT TECHNOLOGIES	D	2018-08-31	2018-09-27
	400.0 UNUM GROUP	D	2018-08-31	2018-09-27
	3878.697 PIONEER MULTI ASSET ULTRA S	P		2018-04-03
	ARTHUR J GALLAGHER-75	D	2018-08-08	2018-08-14
	COTY INC COM CL A-0.042	D	2018-08-08	2018-08-14
	DESPEGAR.COM CORP-154	P	2018-08-14	2018-12-14
	GENERAL MILLS INC-101	P	2018-07-09	2018-12-31
	JOHNSON CTLS INTL PLC-36	D	2018-08-08	2018-08-14
	MID AMER APART COMM INC-4	D	2018-08-08	2018-08-14
	RIO TINTO PLC SPON ADR-416	P	2018-08-14	2018-12-10
	STANDEX INTERNATIONAL CORP-50	D	2018-08-08	2018-08-14
	UNUMPROVIDENT CORP-400	D	2018-08-08	2018-08-14
	WORLD ACCEPTANCE CRP SC-100	D	2018-08-08	2018-08-14
	INDUSTRIAL SEL SEC SPDR FD-24	P	2016-11-14	2018-03-23
	JOHN HANCOCK FINANCIAL OPPS FD-25	P	2016-11-14	2018-02-13
	SPDR S&P BIOTECH-22	P	2016-11-23	2018-02-05
	WALT DISNEY CO HLDG CO-31	P	2016-03-14	2018-01-30
	1065.331 DFA INFLATION PROTECTED SEC	P	2016-06-28	2018-06-15
	1.0 ADVANSIX INC	D	2018-08-31	2018-09-27
	300.0 BRYN MAWR BANK CORP	D	2018-08-31	2018-09-27
	5.0 FOUR CORNERS PROPERTY TRUST	D	2018-08-31	2018-09-27
	75.0 MARSH & MCLENNAN COS	D	2018-08-31	2018-09-27
	100.0 SONOCO PRODUCTS CO	D	2018-08-31	2018-09-27
	175.0 US BANCORP DEL	D	2018-08-31	2018-09-27
	9552.636 PUTNAM SHORT DURATION	P		2018-12-14
	BALCHEM CP-79	D	2018-08-08	2018-08-14
	COTY INC COM CL A-8.543	D	2018-08-08	2018-08-14
	DESPEGAR.COM CORP-218	P	2018-08-14	2018-12-17
	GENERAL MILLS INC-360	P	2018-08-14	2018-12-31
	KEYCORP NEW-55	D	2018-08-08	2018-08-14
	MOTOROLA SOLUTIONS INC-29	D	2018-08-08	2018-08-14
	ROYAL GOLD INC-50	D	2018-08-08	2018-08-14
	STANLEY BLACK & DECKER INC-25	D	2018-08-08	2018-08-14
	UTAH MED PRODS-50	D	2018-08-08	2018-08-14
	1ST SOURCE CORP-63	D	2018-08-08	2018-08-14
	INDUSTRIAL SEL SEC SPDR FD-25	P	2016-12-01	2018-03-23
	LAZARD US EQ CONCENTRD INST-312.66	P	2016-11-14	2018-07-24
	SPDR S&P BIOTECH-25	P	2016-12-01	2018-02-05
	WALT DISNEY CO HLDG CO-62	P	2016-04-15	2018-01-30
	2723.071 DFA INFLATION PROTECTED SEC	P	2016-06-28	2018-10-25
	641.0 AEGON NV	D	2018-08-31	2018-09-27
	25.0 CARDINAL HEALTH	D	2018-08-31	2018-09-27
	75.0 GALLAGHER ARTHUR J & CO	D	2018-08-31	2018-09-27
	213.0 MERCK & CO	D	2018-08-31	2018-09-27
	50.0 STANDEX INTL CORP	D	2018-08-31	2018-09-27
	50.0 UTAH MEDICAL PRODUCTS	D	2018-08-31	2018-09-27
	25000.00 GENERAL ELECTRIC	P	2016-03-28	2018-11-15
	BB & T CORP-225	D	2018-08-08	2018-08-14
	COTY INC COM CL A-16.332	D	2018-08-08	2018-08-14
	DOVER CORP-200	D	2018-08-08	2018-08-14
	GENERAL MILLS INC-30	P	2018-09-18	2018-12-31
	KNOWLES CORPORATION-100	D	2018-08-08	2018-08-14
	NATL BK CDA-500	D	2018-08-08	2018-08-14
	SANDERSON FARMS-25	D	2018-08-08	2018-08-14
	STARBUCKS CORP WASHINGTON-55	P	2017-07-28	2018-01-30
	VANECK VECTORS GOLD MINERS E-159	P	2018-01-25	2018-07-31
	APPLE INC-11	P	2016-04-15	2018-01-02
	INVESCO AEROSPACE & DEFENSE ET-36	P	2016-11-14	2018-08-01
	LAZARD US EQ CONCENTRD INST-320.982	P	2016-12-01	2018-07-24
	SPDR S&P BIOTECH-6	P	2016-12-07	2018-02-05
	586.738 DFA INTL SMALL CAP VALUE	P	2016-06-28	2018-10-25
	150.0 AFLAC INC	D	2018-08-31	2018-09-27
	100.0 CHUBB LTD	D	2018-08-31	2018-09-27
	640.0 GENERAL ELECTRIC	D	2018-08-31	2018-09-27
	5.0 MID-AMER APARTMENT COMM REIT	D	2018-08-31	2018-09-27
	25.0 STANLEY BLACK & DECKER	D	2018-08-31	2018-09-27
	75.0 VERIZON COMMUNICATIONS	D	2018-08-31	2018-09-27
	4195.795 INVESCO FLOATING RATE	P		2018-10-18
	BELDEN INC-25	D	2018-08-08	2018-08-14
	COTY INC COM CL A-4.083	D	2018-08-08	2018-08-14
	ELI LILLY & CO-100	D	2018-08-08	2018-08-14
	GREAT SOUTHERN BANCORP INC DE-200	D	2018-08-08	2018-08-14
	KRAFT HEINZ CO-70	P	2018-07-09	2018-12-10
	NVENT ELECTRIC PLC-8	D	2018-08-08	2018-08-14
	SAP AG-179	P	2018-08-14	2018-12-21
	STEPAN CO-100	D	2018-08-08	2018-08-14
	VANECK VECTORS GOLD MINERS E-182	P	2018-02-09	2018-07-31
	APPLE INC-10	P	2016-04-15	2018-01-29
	INVESCO AEROSPACE & DEFENSE ET-36	P	2016-12-01	2018-08-01
	LAZARD US EQ CONCENTRD INST-684.365	P	2017-04-25	2018-07-24
	SPDR S&P BIOTECH-53	P	2016-12-07	2018-08-14
	895.545 DIAMOND HILL LONG/SHORT	P	2016-06-28	2018-06-15
	25.0 AGCO CORP	D	2018-08-31	2018-09-27
	1093.0 CINCINNATI FINANCIAL CORP	D	2018-08-31	2018-09-27
	281.0 GENUINE PARTS CO	D	2018-08-31	2018-09-27
	28.0 MOTOROLA SOLUTIONS INC.	D	2018-08-31	2018-09-27
	100.0 STEPAN CO	D	2018-08-31	2018-09-27
	676.0 WASHINGTON FEDERAL	D	2018-08-31	2018-09-27
	4371.593 METROPOLITAN WEST TOT RET	P		2018-01-26
	BOK FINANCIAL CORP NEW-28	D	2018-08-08	2018-08-14
	CVB FINCL CP-27.5	D	2018-08-08	2018-08-14
	EQUITY RESIDENTIAL-133	D	2018-08-08	2018-08-14
	HERSHEY COMPANY-25	D	2018-08-08	2018-08-14
	KRAFT HEINZ CO-284	P	2018-08-14	2018-12-10
	PALO ALTO NETWORKS INC-8	P	2017-03-03	2018-01-02
	SCHLUMBERGER LTD-119	P	2018-02-07	2018-12-10
	SYNCHRONY FINANCIAL-238	P	2017-06-02	2018-01-25
	VANECK VECTORS GOLD MINERS E-74	P	2018-04-11	2018-07-31
	ARISTA NETWORKS INC-12	P	2016-05-25	2018-01-02
	INVESCO AEROSPACE & DEFENSE ET-78	P	2016-12-29	2018-08-01
	LAZARD US EQ CONCENTRD INST-13.284	P	2016-12-22	2018-07-24
	SPDR S&P MIDCAP 400 ETF TRUST-9	P	2016-12-29	2018-01-30

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	74,531	89,812	-15,281
b	28,541	30,663	-2,122
c	4,326	4,448	-122
d	3,355	3,312	43
e	11,016	11,790	-774
	24,897	24,623	274
	14,598	14,794	-196
	2,550	2,743	-193
	25,000	25,000
	14,649	14,595	54
	2,320	2,309	11
	6,230	6,270	-40
	7,615	6,936	679
	9,049	9,183	-134
	384	395	-11
	1,412	2,493	-1,081
	14,897	13,970	927
	111	99	12
	6,050	1,585	4,465
	4,528	3,458	1,070
	208	185	23
	3,627	2,881	746
	68,602	76,016	-7,414
	125	135	-10
	12,534	13,175	-641
	1,238	1,262	-24
	4,152	3,986	166
	50,347	50,232	115
	3,295	3,381	-86
	4,496	4,733	-237
	25,000	25,000
	1,248	1,224	24
	3,508	3,404	104
	12,461	12,539	-78
	4,962	4,942	20
	5,747	5,757	-10
	13,955	14,341	-386
	2,949	4,670	-1,721
	38	36	2
	22,959	22,916	43
	1,103	288	815
	5,963	4,944	1,019
	34	30	4
	3,627	2,969	658
	130,773	135,734	-4,961
	30,612	25,552	5,060
	368		368
	366	466	-100
	56,910	55,424	1,486
	247	253	-6
	2,555	2,498	57
	2,384	2,350	34
	11,495	11,807	-312
	12,076	11,997	79
	3,287	3,014	273
	3,115	3,135	-20
	12,155	20,330	-8,175

	416	391	25
	8,722	13,694	-4,972
	27	26	1
	2,670	2,660	10
	1,103	287	816
	20,480	20,389	91
	1,969	1,281	688
	4,353	3,625	728
	5,091	5,980	-889
	26,362	20,777	5,585
	7		7
	2,783	3,045	-262
	4,181	4,870	-689
	349	347	2
	5,598	5,426	172
	2,554	2,741	-187
	1,472	1,587	-115
	609	639	-30
	2,931	2,689	242
	11,790	11,962	-172
	362	303	59
	1,270	1,218	52
	3,559	3,393	166
	6,872	6,889	-17
	13,706	8,006	5,700
	3,174	3,159	15
	17,759	5,812	11,947
	1,205	1,088	117
	5,593	1,826	3,767
	6,771	6,288	483
	30,349	31,543	-1,194
	6,338	4,333	2,005
	3,361	3,196	165
	8,918	8,552	366
	1,246	1,318	-72
	13,528	14,089	-561
	33,587	32,556	1,031
	2,633	2,766	-133
	169	181	-12
	473	495	-22
	3,992	3,664	328
	21,364	21,714	-350
	965	808	157
	199	191	8
	8,983	9,720	-737
	18,040	20,347	-2,307
	5,981	5,968	13
	1,587	1,580	7
	3,709	4,648	-939
	1,274	1,160	114
	13,864	9,074	4,790
	119	115	4
	49,374	45,777	3,597
	5,948	4,202	1,746
	8,998	8,750	248
	8,621	8,931	-310
	1,104	1,154	-50
	13,815	13,846	-31
	5,603	5,223	380
	162,308	161,731	577
	34	34
	6,291	7,476	-1,185
	3,378	3,103	275
	7,052	6,547	505
	797	674	123
	130	117	13
	5,367	5,676	-309
	5,548	5,606	-58
	2,926	2,904	22
	2,360	2,394	-34
	4,319	5,462	-1,143
	80	68	12
	1,710	1,502	208
	3,997	4,189	-192
	63,460	71,152	-7,692
	5,990	4,650	1,340
	11,095	11,594	-499
	22,098	22,108	-10
	1,628	1,762	-134
	1,011	1,079	-68
	3,044	3,040	4
	11,575	12,029	-454
	3,911	4,077	-166
	20,656	24,312	-3,656
	2,858	2,630	228
	1,420	1,421	-1
	878	775	103
	4,124	4,200	-76
	28,146	30,174	-2,028
	1,020	777	243
	1,758	1,763	-5
	2,794	2,700	94
	20,770	19,956	814
	1,043	943	100
	1,664	1,512	152
	4,683	4,798	-115
	5,911	6,087	-176
	8,346	8,229	117
	1,738	1,796	-58
	12,345	12,510	-165
	8,693	9,312	-619
	9,977	9,957	20
	1,697	1,609	88
	11,323	11,790	-467
	6,963	7,031	-68
	315	354	-39
	4,975	4,521	454
	12,530	12,565	-35
	883	775	108
	2,062	2,100	-38
	989	1,001	-12
	356	315	41
	3,971	4,014	-43
	2,734	2,746	-12
	3,336	2,761	575
	1,007	854	153
	3,328	3,120	208
	17,409	12,074	5,335
	69,460	76,016	-6,556
	126,777	132,873	-6,096
	2,825	2,858	-33
	22,744	22,242	502
	6,117	5,558	559
	3,751	3,820	-69
	4,655	4,791	-136
	1,466	1,464	2
	4,237	4,257	-20
	13,288	13,748	-460
	5,786	5,260	526
	288	287	1
	784	707	77
	8,463	8,116	347
	9,562	9,639	-77
	7,823	6,996	827
	5,294	5,352	-58
	46,873	46,857	16
	2,900	1,836	1,064
	603	513	90
	2,041	1,487	554
	8,237	6,798	1,439
	121	140	-19
	24,535	15,625	8,910
	17,721	18,084	-363
	7,885	7,326	559
	10,671	10,548	123
	2,504	2,652	-148
	4,214	4,354	-140
	999	1,008	-9
	13,480	13,362	118
	1,234	1,236	-2
	5,815	5,289	526
	6,548	8,352	-1,804
	114	101	13
	7,802	7,810	-8
	16	22	-6
	4,098	3,805	293
	4,636	4,635	1
	12,086	12,425	-339
	2	1	1
	834	715	119
	464	317	147
	5,832	3,332	2,500
	12,491	8,147	4,344
	3,329	3,574	-245
	11,814	12,056	-242
	12,515	13,009	-494
	146	170	-24
	7,621	7,080	541
	15,758	14,704	1,054
	38,632	38,670	-38
	5,287	5,374	-87
	1	1
	2,158	3,075	-917
	3,913	4,508	-595
	1,332	1,343	-11
	403	402	1
	18,650	20,304	-1,654
	5,365	5,295	70
	14,090	14,512	-422
	11,243	11,092	151
	1,757	1,470	287
	951	813	138
	2,003	1,396	607
	3,448	3,065	383
	12,390	12,933	-543
	34	34
	13,818	14,580	-762
	125	135	-10
	6,278	6,305	-27
	5,593	5,589	4
	9,290	9,457	-167
	95,813	96,099	-286
	7,868	8,060	-192
	101	114	-13
	3,027	4,353	-1,326
	13,946	16,516	-2,570
	1,179	1,189	-10
	3,513	3,475	38
	4,123	4,156	-33
	3,441	3,581	-140
	4,505	4,550	-45
	3,566	3,569	-3
	1,830	1,572	258
	5,003	4,549	454
	2,277	1,552	725
	6,897	6,129	768
	30,635	33,058	-2,423
	4,234	3,846	388
	1,355	1,311	44
	5,567	5,375	192
	15,054	14,600	454
	5,240	5,333	-93
	4,677	4,565	112
	22,211	26,517	-4,306
	11,543	11,702	-159
	193	219	-26
	16,389	16,616	-227
	1,162	1,322	-160
	1,756	1,774	-18
	24,752	24,645	107
	2,575	2,519	56
	3,141	2,999	142
	3,377	3,918	-541
	1,887	1,232	655
	2,117	1,513	604
	5,136	4,641	495
	546	365	181
	11,154	10,221	933
	7,076	6,977	99
	13,356	13,515	-159
	7,398	8,173	-775
	500	517	-17
	3,714	3,526	188
	4,014	4,106	-92
	31,804	31,226	578
	1,769	1,806	-37
	48	55	-7
	10,207	10,227	-20
	11,939	12,030	-91
	3,354	4,506	-1,152
	218	228	-10
	17,577	20,393	-2,816
	8,708	8,864	-156
	3,866	3,900	-34
	1,683	1,120	563
	2,117	1,533	584
	10,950	10,416	534
	5,031	3,225	1,806
	23,401	20,544	2,857
	1,537	1,651	-114
	83,675	83,418	257
	27,980	27,841	139
	3,607	3,571	36
	8,660	8,861	-201
	21,662	23,085	-1,423
	46,120	48,137	-2,017
	2,756	2,784	-28
	668	665	3
	8,847	8,851	-4
	2,470	2,442	28
	13,607	16,936	-3,329
	1,180	931	249
	4,942	8,601	-3,659
	9,481	6,509	2,972
	1,572	1,703	-131
	2,728	864	1,864
	4,587	3,270	1,317
	213	189	24
	3,200	2,719	481

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			-15,281
b			-2,122
c			-122
d			43
e			-774
			274
			-196
			-193

			54
			11
			-40
			679
			-134
			-11
			-1,081
			927
			12
			4,465
			1,070
			23
			746
			-7,414
			-10
			-641
			-24
			166
			115
			-86
			-237

			24
			104
			-78
			20
			-10
			-386
			-1,721
			2
			43
			815
			1,019
			4
			658
			-4,961
			5,060
			368
			-100
			1,486
			-6
			57
			34
			-312
			79
			273
			-20
			-8,175

			25
			-4,972
			1
			10
			816
			91
			688
			728
			-889
			5,585
			7
			-262
			-689
			2
			172
			-187
			-115
			-30
			242
			-172
			59
			52
			166
			-17
			5,700
			15
			11,947
			117
			3,767
			483
			-1,194
			2,005
			165
			366
			-72
			-561
			1,031
			-133
			-12
			-22
			328
			-350
			157
			8
			-737
			-2,307
			13
			7
			-939
			114
			4,790
			4
			3,597
			1,746
			248
			-310
			-50
			-31
			380
			577

			-1,185
			275
			505
			123
			13
			-309
			-58
			22
			-34
			-1,143
			12
			208
			-192
			-7,692
			1,340
			-499
			-10
			-134
			-68
			4
			-454
			-166
			-3,656
			228
			-1
			103
			-76
			-2,028
			243
			-5
			94
			814
			100
			152
			-115
			-176
			117
			-58
			-165
			-619
			20
			88
			-467
			-68
			-39
			454
			-35
			108
			-38
			-12
			41
			-43
			-12
			575
			153
			208
			5,335
			-6,556
			-6,096
			-33
			502
			559
			-69
			-136
			2
			-20
			-460
			526
			1
			77
			347
			-77
			827
			-58
			16
			1,064
			90
			554
			1,439
			-19
			8,910
			-363
			559
			123
			-148
			-140
			-9
			118
			-2
			526
			-1,804
			13
			-8
			-6
			293
			1
			-339
			1
			119
			147
			2,500
			4,344
			-245
			-242
			-494
			-24
			541
			1,054
			-38
			-87

			-917
			-595
			-11
			1
			-1,654
			70
			-422
			151
			287
			138
			607
			383
			-543

			-762
			-10
			-27
			4
			-167
			-286
			-192
			-13
			-1,326
			-2,570
			-10
			38
			-33
			-140
			-45
			-3
			258
			454
			725
			768
			-2,423
			388
			44
			192
			454
			-93
			112
			-4,306
			-159
			-26
			-227
			-160
			-18
			107
			56
			142
			-541
			655
			604
			495
			181
			933
			99
			-159
			-775
			-17
			188
			-92
			578
			-37
			-7
			-20
			-91
			-1,152
			-10
			-2,816
			-156
			-34
			563
			584
			534
			1,806
			2,857
			-114
			257
			139
			36
			-201
			-1,423
			-2,017
			-28
			3
			-4
			28
			-3,329
			249
			-3,659
			2,972
			-131
			1,864
			1,317
			24
			481

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	-2,090
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	-76,982

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	69,790	2,119,583	0.032926
2016	42,702	1,778,101	0.024016
2015		46,692
2014
2013

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

0.056942

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 ......

0.028471

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

3,179,576

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

90,526

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

306

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

90,832

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

100,653

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	306
	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
3	Add lines 1 and 2...........................	3	306
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	306
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	760
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	760
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	454
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax454	Refunded	11

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 .

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. ...............................

Yes

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?

Website address bullet

N/A

The books are in care of bullet

JANET B BELL Telephone no. bullet

(908) 879-8040

Located at bullet

19 MELROSE DRCHESTERNJ ZIP+4 bullet

07930

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
MARGUERITE B TROXEL	PRESIDENT 000.00	0	0	0
37 FURNACE RD CHESTER,NJ07930	PRESIDENT 000.00	0	0	0
JOHN O MCMANUS	TRUSTEE 000.00	0	0	0
571 CENTRAL AVE SUITE 120 NEW PROVIDENCE,NJ07974	TRUSTEE 000.00	0	0	0
JANET B BELL	TRUSTEE 000.00	0	0	0
19 MELROSE DR CHESTER,NJ07930	TRUSTEE 000.00	0	0	0

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...................

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	N/A
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...................

3,044,213

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

183,783

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

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

3,227,996

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.........................

3,227,996

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

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

48,420

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

3,179,576

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

158,979

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....................

158,979

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

306

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

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

306

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

158,673

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

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

158,673

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

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

158,673

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 ..........

100,653

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

100,653

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.................

306

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

100,347

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)

	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7		158,673
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......	81,747
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2018:
a From 2013......
b From 2014......
c From 2015......
d From 2016......
e From 2017......
fTotal of lines 3a through e........
4Qualifying distributions for 2018 from Part
XII, line 4: $ 100,653
a Applied to 2017, but not more than line 2a	81,747
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2018 distributable amount.....		18,906
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2018.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........		139,767
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2014....
b Excess from 2015....
c Excess from 2016....
d Excess from 2017....
e Excess from 2018....

Form 990-PF (2018)

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).)

MARGUERITE B TROXEL

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

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
CATHOLIC EXTENSION 150 SOUTH WACKER DR SUITE 2000 CHICAGO,IL60606	NONE		GENERAL PURPOSE	200
CHESTER FIRE CO & FIRST AID SQUAD 100 NORTH ROAD CHESTER,NJ07930	NONE		GENERAL PURPOSE	50
FAITH AND ACTION 109 2ND ST NE WASHINGTON,DC20002	NONE		GENERAL PURPOSE	140
FINCA 1201 15TH STREET NW 8TH FLOOR WASHINGTON,DC20005	NONE		GENERAL PURPOSE	100
FOUNDATION FOR MORRISTOWN MEDICAL C 475 SOUTH STREET MORRISTOWN,NJ07960	NONE		SCHOLARSHIPS FOR NURSING STUDENTS	20,000
LUPUS FOUNDATION 2121 K STREET NW SUITE 200 WASHINGTON,DC20037	NONE		GENERAL PURPOSE	200
MARKET STREET MISSION 9 MARKET STREET MORRISTOWN,NJ07960	NONE		GENERAL PURPOSE	200
MEMORIAL SLOAN KETTERING CENTER 1275 YORK AVENUE NEW YORK,NY10065	NONE		GENERAL PURPOSE	250
OBLATE DEVELOPMENT FUND 9480 NORTH DE MAZENOD DR BELLEVILLE,IL622231160	NONE		GENERAL PURPOSE	25
SOCIETY OF THE LITTLE FLOWER 1313 N FRONTAGE RD DARIEN,IL60561	NONE		GENERAL PURPOSE	40
SOMERSET COUNTY YMCA 140 MT AIRY RD BASKING RIDGE,NJ07920	NONE		PROGRAMS THAT ASSIST THE ELDERLY	10,000
ST LAWRENCE CHURCH 375 MAIN ST CHESTER,NJ07930	NONE		SCHOLARSHIPS FOR FAMILIES WITH CHILD	17,500
THE MARIST BROTHERS 70-20 JUNO STREET FOREST HILLS,NY12429	NONE		GENERAL PURPOSE	25
THE SALVATION ARMY 440 WEST NYACK ROAD WEST NYACK,NY10994	NONE		GENERAL PURPOSE	100
COUNTY COLLEGE OF MORRIS 214 CENTER GROVE ROAD RANDOLPH,NJ078692086	NONE		NURSING SCHOLARSHIPS	5,000
NJ POLICE OFFICERS FOUNDATION 1360 CLIFTON AVE PMB 362 CLIFTON,NJ07012	NONE		GENERAL PURPOSE	15
ARTHRITIS FOUNDATION 1355 PEACHTREE ST NE SUITE 600 ATLANTA,GA30309	NONE		GENERAL PURPOSE	20
FRIARS OF ATONEMENT 40 FRANCISCAN WAY GARRISON,NY10524	NONE		GENERAL PURPOSE	15
POLICE UNITY TOUR 12 GREAT MEADOW LANE EAST HANOVER,NJ07936	NONE		GENERAL PURPOSE	20
FIREFIGHTERS CHARITABLE FOUNDATION 1 WEST ST FARMINGDALE,NY11735	NONE		GENERAL PURPOSE	20
INNER CITY SCHOLARSHIP FUND 1011 FIRST AVE SUITE 1800 NEW YORK,NY10022	NONE		GENERAL PURPOSE	10
GEORGE WASHINGTON'S MOUNT VERNON MOUNT VERNON LADIES' ASSOC PO BOX 240 MOUNT VERNON,VA22121	NONE		GENERAL PURPOSE	25
NEW YORK UNIVERSITY 25 WEST 4TH STREET 3RD F NEW YORK,NY10012	NONE		GENERAL PURPOSE	100
SENIOR LIVING FOUNDATION 1620 L ST NW WASHINGTON,DC20036	NONE		GENERAL PURPOSE	1,700
GLENMARY HOME MISSIONERS PO BOX 465618 CINCINATTI,OH452465618	NONE		GENERAL PURPOSE	50
AMERICAN FEDERATION OF POLICE 6350 HORIZON DR TITUSVILLE,FL32780	NONE		GENERAL PURPOSE	20
VNA 175 SOUTH STREET MORRISTOWN,NJ07960	NONE		GENERAL PURPOSE	25
SENIOR RESOURCE CENTER 50 ROUTE 24 CHESTER,NJ07930	NONE		SUPPORT FOR EXECUTIVE DIRECTOR	7,500
SAGE ELDERCARE INC 290 BROAD ST SUMMIT,NJ07901	NONE		GENERAL PURPOSE	10,000
UMCOR - ADVANCE FOR ELDERLY GENERAL BOARD OF GLOBAL MINISTRIES 458 PONCE DE LEON AVE NE ATLANTA,GA30308	NONE		ELDERLY - ADVANCE 3021419	5,000
UMCOR GENERAL BOARD OF GLOBAL MINISTRIES 458 PONCE DE LEON AVE NE ATLANTA,GA30308	NONE		HENDERSON SETTLEMENT ADVANCE 773365	5,000
UMCOR - ADVANCE FOR SENIORS GENERAL BOARD OF GLOBAL MINISTRIES 458 PONCE DE LEON AVE NE ATLANTA,GA30308	NONE		SENIORS, ADVANCE 3021419	5,000
PONTIFICAL UNIVERSITY OF THE HOLY CROSS FOUNDATION 420 LEXINGTON AVE SUITE 300 NEW YORK,NY101700399	NONE		PROGRAM IN CHURCH MANAGEMENT	7,500
Total ................................. 3a				95,850

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 ...........			14	3,878
4 Dividends and interest from securities....			14	61,072
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 ............			14	2,823	-4,913
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)..				67,773	-4,913

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

62,860

(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 organization TROXEL FAMILY FOUNDATION INC

Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	MARGUERITE B TROXEL 37 FURNACE RD CHESTER, NJ07930	$ 2,584,489	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Name of organization TROXEL FAMILY FOUNDATION INC		Employer identification number 47-4209182

Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	SECURITIES TO TIAA	$ 1,293,031	2018-08-08
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	SECURITIES TO MORGANSTANLEY	$ 1,288,330	2018-08-08
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PFIZER 4.65%
ORACLE CORP 5.75%
CHEVRON CORP 4.95%	25,450	25,079
BLACKROCK INC. 4.25%	26,259	25,737
GENERAL ELECTRIC CAPITAL CORP 4.25%
RBC USA HOLDCO CORP 5.25%	26,634	25,767

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MS
ALPHABET INC	13,787	18,809
ALTRIA GROUP	13,086	10,965
APPLE	10,114	15,459
ARISTA NETWORKS
AT&T INC	31,370	28,055
BANK OF AMERICA	16,279	28,853
BECTON DICKINSON	43,995	39,431
BP PLC	53,201	49,751
BRISTOL MYERS SQUIBB
BROWN & BROWN	29,780	27,560
CINCINNATI FINANCIAL	82,138	84,697
CISCO SYSTEMS	28,469	29,638
COLGATE PALMOLIVE CO	21,218	19,165
COSTCO WHOLESALE CORP	9,435	12,630
210 CROWN CASTLE INTL CORP	17,727	22,812
DANONE SPONSORED ADR	20,398	18,272
DESPEGAR.COM CORP	13,097	8,141
DUKE ENERGY CORP	55,622	59,806
EXXON MOBIL CORP	36,329	30,686
FACEBOOK INC	22,752	24,645
GARRETT MOTION INC	168	160
GENUINE PARTS CO	27,912	26,982
HONEYWELL INTL	15,080	17,308
ILLINOIS TOOL WORKS INC	56,160	50,676
INTL FLAVORS & FRAGRANCES	31,754	32,225
JPMORGAN CHASE	19,756	31,336
KIMBERLY CLARK CORP	20,856	21,649
LYONDELLBASELL NV	22,601	23,285
MASTERCARD INC	12,955	26,788
MERCK & CO	28,343	32,474
MICROSOFT	11,454	21,634
NESTLE SPON ADR	57,105	56,510
NETFLIX INC.	10,352	30,781
NUCOR CORP	51,552	41,448
NUTRIEN LTD	19,111	17,813
PALO ALTO NETWORKS INC
PHILIP MORRIS INTL	28,066	25,235
PPL CORP	56,226	54,847
PROCTER & GAMBLE	20,320	22,980
PROLOGIS INC	31,956	29,008
REPUBLIC SERVICES	19,787	19,969
RESIDEO TECHNOLOGIES	431	432
ROYAL DUTCH SHELL PLC	54,732	51,009
STARBUCKS CORP
SYNCHRONY FINANCIAL
TE CONNECTIVITY LTD	3,599	2,874
TJX COS INC	34,906	31,318
THE BOSTON BEER CO INC.
UNILEVER NV NY	4,316	4,035
UNILEVER PLC	20,354	19,019
116 UNITED TECHNOLOGIES	11,753	12,352
201 VALERO ENERGY	12,313	15,039
VERIZON COMMUNICATIONS	31,560	33,957
WALT DISNEY CO	9,249	10,417
WHITE MOUNTAIN GROUP BERMUDA	281,145	257,307
WORLDPAY INC	8,822	12,764
SPDR GOLD TR GOLD SHS	9,368	8,851
VANGUARD INDEX FDS S&P 500 ETF	54,158	54,695
DBX ETF XTRACK MSCI EUROPE
DBX ETF XTRACK RUSS 1000
INDUSTRIAL SEL SEC SPDR
ISHARES MSCI EAFE ETF
JOHN HANCOCK FINANCIAL OPPS
MATERIALS SEL SECT SPDR
POWERSHARES AERO & DEF
POWERSHARES S&P 600 LOW VOLATILI
POWERSHARES S&P SC INDUSTRIAL
PROSHARES TR
SPDR S&P BIOTECH
SPDR S&P MIDCAP 400 ETF
SPDR S&P REGIONAL BANKING ETF
CATALYST MILLBURN HGD STRAT
LAZARD US EQ CONCENTRATED
T ROWE PRICE JAPAN FUND
101 ISHARES TIPS BOND ETF	11,738	11,061
MSIF ULTRA-SHORT INCOME	95,813	95,813
PIMCO ENHANCED SHORT MTRT EXC	57,340	57,037
146 VANGUARD SHORT TERM BOND
INVESCO CORE PLUS BOND	62,814	58,810
INVESCO FLOATING RATE
METROPOLITAN WEST TOT RETURN
VOYA GNMA INCOME	53,589	51,739
TIAA
BERKSHIRE HATHAWAY INC.	77,480	116,178
THERMO FISHER SCIENTIFIC	75,297	125,099
TIAA-CREF HIGH YIELD FD	107,987	103,098
12441.27 METROPOLITAN WEST INTER BON
2281.47 FIDELITY ADVISOR EMERGING
DFA INFLATION PROTECTED
USAA SHORT TERM BOND	122,224	121,232
ISHARES RUSSELL 2000 VALUE	76,624	77,536
SPDR S&P 500 ETF	119,673	135,457
895.55 DIAMOND HILL LONG/SHORT
ISHARES CORE S&P MID-CAP	158,543	155,598
ISHARES RUSSELL 2000 GROWTH	76,525	80,136
586.74 DFA INTL SMALL CAP VALUE
HARDING LOEVNER INST EMRG	165,390	155,410
ISHARES MSCI EAFE ETF	100,485	86,240
ISHARES RUSSELL MIDCAP ETF	127,419	113,783
HARBOR INTERNATIONAL FUND 11
FEDERATED TOTAL RETURN BOND FUND	330,779	332,052
JPMORGAN EM BOND ETF	58,678	58,294
625 NESTLE SA	52,144	50,600
450 EXXON MOBIL CORP	36,230	30,686
175 WHITE MOUNTAINS INSURANCE	161,732	150,096
212 MERCK & CO	14,530	16,199
175 BECTON DICKINSON	45,556	39,431
100 DOVER CORP	8,552	7,095
796 ISHARES CORE S&P 500 ETF	216,301	200,282
854 ISHARES CORE MSCI EMERGING	41,716	40,266

Category	Amount	Net Investment Income
TIAA/CREF MANAGER FEE	12,805	12,805
MS 615-031538-038	3,873	3,873
MS 615-030635-038	12,445	12,445


Name of organization TROXEL FAMILY FOUNDATION INC			Employer identification number 47-4209182
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Category	Amount	Net Investment Income
FOREIGN TAX - TIAA-CREF	748	748
FOREIGN TAX - MS 615-030635-038	113	113
NJ CAR 100	25
TAX ON INVESTMENT INCOME	1,530