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
DR W G MCCAULEY SCHOLARSHIPS
 
Number and street (or P.O. box number if mail is not delivered to street address)100 E VINE STREET - SUITE 501
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEXINGTON, KY40507
A Employer identification number

61-6021777
B Telephone number (see instructions)

(606) 389-5300
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$1,915,686J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 47,533 46,896  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 29,325
b Gross sales price for all assets on line 6a 830,768
7 Capital gain net income (from Part IV, line 2)... 29,325
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 76,858 76,221  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 27,150 27,150    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,700 1,700 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,401 945   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 33 33    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,284 29,828 0 0
25 Contributions, gifts, grants paid....... 106,148 106,148
26 Total expenses and disbursements. Add lines 24 and 25 138,432 29,828 0 106,148
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -61,574
b Net investment income (if negative, enter -0-) 46,393
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 65,193 54,728 54,728
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 45,517 Click to see attachment40,400 38,548
b Investments—corporate stock (attach schedule)....... 1,064,837 Click to see attachment1,059,409 1,359,667
c Investments—corporate bonds (attach schedule)....... 511,319 Click to see attachment470,031 462,743
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1   0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,686,867 1,624,568 1,915,686
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 1,686,867 1,624,568
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)..... 1,686,867 1,624,568
31 Total liabilities and net assets/fund balances (see instructions). 1,686,867 1,624,568
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
1,686,867
2
Enter amount from Part I, line 27a .....................
2
-61,574
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
475
4
Add lines 1, 2, and 3 ..........................
4
1,625,768
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,200
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,624,568
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 15000. AT&T INC SR GLBL NT DTD 02/15/2016 4.6%   2017-08-04 2018-04-30
b . AEROPOSTALE INC     2018-04-12
c 126. AETNA INC   2018-08-08 2018-11-29
d 130. ALIBABA GROUP HLDG LTD SPONSORED ADS   2018-02-08 2018-10-10
e 370. ALLSCRIPTS HEALTHCARE SOLUTIONS INC   2017-10-24 2018-08-08
141. ALLSCRIPTS HEALTHCARE SOLUTIONS INC   2017-10-24 2018-12-10
294. ALLSCRIPTS HEALTHCARE SOLUTIONS INC   2017-11-08 2018-12-11
404. ALLSCRIPTS HEALTHCARE SOLUTIONS INC   2017-11-08 2018-12-12
350. ALLSCRIPTS HEALTHCARE SOLUTIONS INC   2018-04-06 2018-12-12
8. ALPHABET INC CAP STK CL C   2014-11-26 2018-03-12
7. ALPHABET INC CAP STK CL C   2014-11-26 2018-04-24
140. AMERICAN INTERNATIONAL GROUP INC   2013-06-19 2018-11-09
127. AMERICAN INTERNATIONAL GROUP INC   2013-06-19 2018-11-21
133. AMERICAN INTERNATIONAL GROUP INC   2013-06-20 2018-11-28
225. APPLIED MATERIALS INC   2018-04-05 2018-09-12
205. APPLIED MATERIALS INC   2017-12-15 2018-11-07
49. BP P.L.C. SPNSD ADR   2017-05-04 2018-05-23
75. BP P.L.C. SPNSD ADR   2017-12-11 2018-05-23
15000. BERKSHIRE HATHAWAY INC SR NT DTD 03/15/2016 2.75% 03/15/2023-20   2016-03-24 2018-05-04
28. BOEING COMPANY   2015-06-30 2018-01-23
26. BOEING COMPANY   2016-01-29 2018-08-29
30. BROADCOM INC COM   2017-10-27 2018-10-04
60. CBS CORP   2016-06-30 2018-04-17
105. CBS CORP   2017-10-05 2018-04-17
115. CDW CORP COM   2014-12-03 2018-03-09
110. CDW CORP COM   2014-11-21 2018-03-20
.5628 CVS CORP   2018-11-29 2018-12-13
15000. CVS HEALTH CORPORATION DTD 03/09/2018 3.   2018-03-07 2018-11-16
26. CHEVRONTEXACO CORP   2017-01-20 2018-05-23
15000. COMCAST CORP SR GLBL NT DTD 01/10/2017 3   2017-01-05 2018-06-21
269.72 DELTA AIR LINES PT 2007-1 DTD 10/11/2007   2013-11-18 2018-02-14
336.01 DELTA AIR LINES PT 2007-1 DTD 10/11/2007   2013-11-18 2018-08-10
15000. EOG RESOURCES INC DTD 05/20/2010 4.4% 06   2018-04-03 2018-12-18
5000. ESSEX CNTY NJ DTD 03/23/2006 5.58% 10/   2017-07-20 2018-10-01
30000. FEDERAL FARM CR BKS CONS BDS DTD 10/13/2016 2.34% 10/13/2027-20   2018-03-22 2018-12-06
346.79 FEDERAL HOME LOAN MTGE CORP SERIES 4281 CL AD DTD 12/01/2013 2%   2016-02-19 2018-01-18
427.11 FEDERAL HOME LOAN MTGE CORP SERIES 4281 CL AD DTD 12/01/2013 2%   2016-02-19 2018-02-15
315.83 FEDERAL HOME LOAN MTGE CORP SERIES 4281 CL AD DTD 12/01/2013 2%   2016-02-19 2018-03-15
12995.77 FEDERAL HOME LOAN MTGE CORP SERIES 4281 CL AD DTD 12/01/2013   2016-02-19 2018-03-19
10000. FEDERAL HOME LOAN MTGE CORP SERIES K-041 CL A-2 DTD 12/01/2014   2016-08-22 2018-03-14
25000. FHLMC REMIC SERIES K-S03 SERIES K-048CL A-2 DTD 09/01/2015 3.28   2016-11-09 2018-04-02
10000. FEDERAL HOME LOAN MTGE CORP SER K-065 CL A-2 DTD 07/01/2017 3.2   2017-07-13 2018-03-14
237.49 FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU ADJ LIBOR POOL #AL7182   2016-07-21 2018-01-25
232.27 FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU ADJ LIBOR POOL #AL7182   2016-07-21 2018-02-26
14354.86 FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU ADJ LIBOR POOL #AL71   2016-07-21 2018-03-19
. FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU ADJ LIBOR POOL #AL7182 DTD     2018-03-26
26.39 FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU BLLN MULTI 7+ POOL #AM5   2015-06-02 2018-01-25
26.51 FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU BLLN MULTI 7+ POOL #AM5   2015-06-02 2018-02-28
26.63 FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU BLLN MULTI 7+ POOL #AM5   2015-06-02 2018-03-26
19066.68 FEDERAL NATIONAL MORTGAGE ASSN PASS-THRU BLLN MULTI 7+ POOL #   2015-06-02 2018-04-04
557.355 FIDELITY CONSERVATIVE INCOME BOND INSTL   2018-03-16 2018-04-04
264.761 FIDELITY CONSERVATIVE INCOME BOND INSTL   2014-12-04 2018-04-04
1495.513 FIDELITY CONSERVATIVE INCOME BOND INSTL   2018-03-16 2018-06-29
296.04 FIDELITY CONSERVATIVE INCOME BOND INSTL   2018-06-22 2018-12-18
964.092 FIDELITY CONSERVATIVE INCOME BOND INSTL   2018-06-22 2018-12-18
1498.501 FIDELITY CONSERVATIVE INCOME BOND INSTL   2016-02-18 2018-12-18
982.129 FIDELITY CONSERVATIVE INCOME BOND INSTL   2016-03-04 2018-12-18
256.407 FIDELITY CONSERVATIVE INCOME BOND INSTL   2018-06-22 2018-12-18
5. GARRETT MOTION INC COM   2018-04-05 2018-10-03
16. GARRETT MOTION INC COM   2015-06-30 2018-10-03
.5 GARRETT MOTION INC COM   2015-05-01 2018-10-09
110. HCA HEALTHCARE INC   2015-03-06 2018-01-03
81. HCA HEALTHCARE INC   2015-01-05 2018-07-16
360. ISHARES MSCI USA MINIMUM VOLATILITY (MKT   2017-06-15 2018-01-05
80. JP MORGAN CHASE & CO   2012-08-10 2018-03-09
160. KENNAMETAL INC   2018-02-01 2018-06-29
36. KENNAMETAL INC   2018-03-21 2018-07-03
69. KENNAMETAL INC   2018-03-22 2018-07-05
95. LOWES COS INC COM   2017-08-31 2018-06-11
87. LOWES COS INC COM   2017-08-31 2018-10-22
148. MASTEC INC   2018-02-08 2018-06-22
48. MASTEC INC   2017-10-30 2018-11-02
142. MASTEC INC   2018-08-14 2018-11-02
411.566 MATTHEWS EMERGING ASIA FUND INSTITUTIONA   2015-02-11 2018-09-11
15000. MICROSOFT CORP SR GLBL NT DTD 08/08/2016 2.4% 08/08/2026-2026   2016-08-02 2018-11-05
20. MOHAWK INDUSTRIES INC   2018-03-13 2018-09-10
40. MOHAWK INDUSTRIES INC   2018-08-01 2018-10-26
30. MOHAWK INDUSTRIES INC   2016-11-04 2018-10-26
37. MOHAWK INDUSTRIES INC   2016-11-03 2018-11-28
11. MOHAWK INDUSTRIES INC   2018-08-01 2018-11-28
70. NUTRIEN LTD COM   2015-10-29 2018-10-10
59. PEPSICO INC COM   2011-09-23 2018-07-10
15000. PEPSICO INC SR NT DTD 02/28/2014 3.6% 03   2017-03-08 2018-05-08
200. PFIZER INC   2015-10-02 2018-08-29
18. PIONEER NATURAL RESOURCES CO   2017-02-08 2018-05-09
32. PIONEER NATURAL RESOURCES CO   2017-05-04 2018-05-23
26.6667 RESIDEO TECHNOLOGIES INC COM   2015-06-30 2018-10-31
8.3333 RESIDEO TECHNOLOGIES INC COM   2018-04-05 2018-10-31
.8333 RESIDEO TECHNOLOGIES INC COM   2015-06-30 2018-11-06
275. ROCHE HOLDING AG ADR   2016-09-22 2018-01-16
305. ROCHE HOLDING AG ADR   2016-09-22 2018-06-13
55. ROCHE HOLDING AG ADR   2016-06-27 2018-10-25
123. ROCHE HOLDING AG ADR   2017-11-16 2018-10-25
87. ROCHE HOLDING AG ADR   2017-11-16 2018-10-26
48. SCHLUMBERGER LTD   2015-07-08 2018-07-16
85. SCHLUMBERGER LTD   2015-08-27 2018-09-28
15000. SHERWIN-WILLIAMS CO SR GLBL NT DTD 05/16/2017 2.25% 05/15/2020   2017-05-02 2018-09-17
15000. STARBUCKS CORP DTD 05/16/2016 2.45% 06/1   2017-08-16 2018-09-18
150. U S SILICA HLDGS INC   2017-06-27 2018-01-23
400. U S SILICA HLDGS INC   2017-08-02 2018-02-21
273.95 UNITED AIRLINES SER 2014-1 CL A DTD 04/07/2014 4% 10/11/2027   2016-06-20 2018-04-11
273.51 UNITED AIRLINES SER 2014-1 CL A DTD 04/07/2014 4% 10/11/2027   2016-06-20 2018-10-11
15000. U S TREASURY NOTE DTD 04/30/2014 1.625%   2018-03-22 2018-11-07
15000. U S TREASURY NOTE DTD 04/30/2014 1.625%   2018-03-22 2018-11-14
5000. U S TREASURY NOTE DTD 05/15/2013 1.75% 0   2016-10-05 2018-12-18
27. UNITEDHEALTH GROUP INC   2013-05-23 2018-09-13
1427.212 VANGUARD SHORT-TERM INVESTMENT-GRADE ADM   2015-04-06 2018-03-08
1427.212 VANGUARD SHORT-TERM INVESTMENT-GRADE ADM   2015-04-06 2018-03-09
642.643 VANGUARD SHORT-TERM INVESTMENT-GRADE ADM   2017-01-11 2018-04-05
10000. VERIZON COMMUNICATIONS INC NOTE DTD 03/28/2011 4.6% 04/01/2021   2017-10-31 2018-05-24
58. VISA INC CLASS A SHARES   2016-11-17 2018-06-14
155. WELLS FARGO & CO   1998-06-15 2018-02-06
135. WELLS FARGO & CO   1998-06-15 2018-02-07
94. WORLDPAY INC COM   2014-10-17 2018-07-16
5. INVESCO LTD   2015-12-29 2018-07-27
310. INVESCO LTD   2017-08-31 2018-07-27
230. INVESCO LTD   2016-02-04 2018-08-02
80. INVESCO LTD   2017-08-31 2018-08-02
305. INVESCO LTD   2016-02-04 2018-08-03
285. JOHNSON CTLS INTL PLC SHS   2017-01-24 2018-04-05
CAPITAL GAIN DIVIDENDS P    
(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 15,478   15,882 -404
b 19     19
c 26,791   23,413 3,378
d 18,125   23,921 -5,796
e 4,948   5,231 -283
1,385   1,982 -597
2,916   3,865 -949
4,003   5,254 -1,251
3,468   4,318 -850
9,347   4,321 5,026
7,143   3,744 3,399
6,140   6,361 -221
5,593   5,770 -177
5,871   5,959 -88
8,609   12,089 -3,480
7,188   10,565 -3,377
2,271   1,685 586
3,476   3,007 469
14,623   15,050 -427
9,446   3,904 5,542
9,109   3,130 5,979
7,432   7,458 -26
3,079   3,234 -155
5,388   6,203 -815
8,514   3,885 4,629
8,263   3,662 4,601
42   45 -3
14,945   15,014 -69
3,324   3,009 315
14,035   14,970 -935
270   304 -34
336   379 -43
15,206   15,299 -93
5,000   5,337 -337
27,195   27,936 -741
347   352 -5
427   434 -7
316   321 -5
12,736   13,199 -463
10,017   10,926 -909
25,281   26,625 -1,344
9,934   10,341 -407
237   254 -17
232   248 -16
14,593   15,333 -740
498     498
26   29 -3
27   29 -2
27   29 -2
19,641   20,604 -963
5,590   5,591 -1
2,656   2,656  
15,000   15,000  
2,963   2,969 -6
9,651   9,670 -19
15,000   15,000  
9,831   9,831  
2,567   2,572 -5
84   77 7
269   172 97
8   5 3
9,588   8,037 1,551
8,642   5,873 2,769
19,139   17,492 1,647
9,399   2,995 6,404
5,803   7,831 -2,028
1,278   1,632 -354
2,459   2,963 -504
9,559   7,608 1,951
8,573   6,460 2,113
7,758   6,904 854
2,299   2,131 168
6,802   6,415 387
5,453   4,679 774
13,628   14,966 -1,338
3,794   5,037 -1,243
4,685   8,139 -3,454
3,514   5,694 -2,180
4,786   6,544 -1,758
1,423   2,084 -661
3,901   3,712 189
6,613   3,548 3,065
15,127   15,507 -380
8,293   6,272 2,021
3,625   3,291 334
6,374   5,499 875
545   487 58
170   218 -48
17   15 2
8,419   9,100 -681
8,071   9,541 -1,470
1,608   1,704 -96
3,597   3,555 42
2,536   2,514 22
3,227   3,997 -770
5,183   6,627 -1,444
14,771   15,000 -229
13,440   14,589 -1,149
5,622   5,173 449
10,432   11,849 -1,417
274   290 -16
274   290 -16
14,938   14,963 -25
14,942   14,963 -21
4,806   5,059 -253
7,158   1,679 5,479
15,000   15,340 -340
15,000   15,272 -272
6,748   6,851 -103
10,379   10,649 -270
7,828   4,708 3,120
8,970   2,701 6,269
7,792   2,352 5,440
8,126   2,934 5,192
130   168 -38
8,049   10,273 -2,224
5,716   7,228 -1,512
1,988   2,623 -635
7,635   8,539 -904
9,847   12,713 -2,866
      339
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       -404
b       19
c       3,378
d       -5,796
e       -283
      -597
      -949
      -1,251
      -850
      5,026
      3,399
      -221
      -177
      -88
      -3,480
      -3,377
      586
      469
      -427
      5,542
      5,979
      -26
      -155
      -815
      4,629
      4,601
      -3
      -69
      315
      -935
      -34
      -43
      -93
      -337
      -741
      -5
      -7
      -5
      -463
      -909
      -1,344
      -407
      -17
      -16
      -740
      498
      -3
      -2
      -2
      -963
      -1
       
       
      -6
      -19
       
       
      -5
      7
      97
      3
      1,551
      2,769
      1,647
      6,404
      -2,028
      -354
      -504
      1,951
      2,113
      854
      168
      387
      774
      -1,338
      -1,243
      -3,454
      -2,180
      -1,758
      -661
      189
      3,065
      -380
      2,021
      334
      875
      58
      -48
      2
      -681
      -1,470
      -96
      42
      22
      -770
      -1,444
      -229
      -1,149
      449
      -1,417
      -16
      -16
      -25
      -21
      -253
      5,479
      -340
      -272
      -103
      -270
      3,120
      6,269
      5,440
      5,192
      -38
      -2,224
      -1,512
      -635
      -904
      -2,866
       
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 29,325
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 99,366 2,147,284 0.046275
2016 101,475 2,002,514 0.050674
2015 97,513 2,061,068 0.047312
2014 89,496 2,041,380 0.043841
2013 83,980 1,884,791 0.044557
2
Total of line 1, column (d) .....................
2
0.232659
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
0.046532
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,138,251
5
Multiply line 4 by line 3......................
5
99,497
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
464
7
Add lines 5 and 6........................
7
99,961
8
Enter qualifying distributions from Part XII, line 4,.............
8
106,148
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 1 464
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........................... 3 464
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- ..... 5 464
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,220
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,220
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 10 756
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet464 RefundedBullet 11 292
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    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 addressbullet  
    14
    The books are in care ofbulletCOMMUNITY TRUST AND INVESTMENT COMPANY Telephone no.bullet (859) 389-5300

    Located atbullet100 EAST VINE STREET 5TH FLLEXINGTONKY ZIP+4bullet40507
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    COMMUNITY TRUST AND INVESTMENT CO TRUSTEE
    10     		27,150    
    100 EAST VINE STREET 5TH FL
    LEXINGTON,KY40507
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,075,630
    b
    Average of monthly cash balances.......................
    1b
    95,183
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,170,813
    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
    2,170,813
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    32,562
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,138,251
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    106,913
    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
    106,913
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    464
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    464
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    106,449
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    106,449
    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
    106,449
    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
    106,148
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    106,148
    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
    464
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    105,684
    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 7 106,449
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 106,147
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 106,148
    a Applied to 2017, but not more than line 2a 106,147
    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..... 1
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		106,448
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    MIDWAY COLLEGE
    512 E STEPHENS STREET
    MIDWAY,KY403471120     		NONE PC SCHOLARSHIPS 53,074
    UNIV OF KY COLLEGE OF MEDICINE
    ATTNENDOWMENT & GIFT ACCOUNTING
    371 PETERSON SERVICES BUILDING
    LEXINGTON,KY405060005     		NONE PC SCHOLARSHIPS 53,074
    Total .................................bullet 3a 106,148
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		      0  
    4 Dividends and interest from securities....     14 47,533  
    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 29,325  
    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)..   76,858  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    76,858
    (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:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,700 1,700    

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SMALL BUSINESS ADMIN 2.351%    
    SMALL BUSINESS ADMIN 2.090%    
    FNMA 5.5% 01/25/36    
    GOLDMAN SACHS GROUP 5.950%    
    FIFTH THIRD BANK 1.45%    
    CATERPILLAR FIN SERV CRP 5.45%    
    WELLS FARGO & CO 2.125%    
    ADOBE SYSTEMS INC 4.750%    
    GULF POWER CO    
    GENERAL ELEC CAP CORP 5.55%    
    JPMORGAN CHASE & CO 4.4%    
    CONTL AIRLINES 4.750%    
    SIMON PROPERTY GROUP 4.375%    
    VERIZON COMMUNICATIONS 3.450%    
    APPLE INC 2.850%    
    FLORIDA POWER CORP 3.100%    
    BERKSHIRE HATHAWAY INC 3.400%    
    US BANCORP 3.000%    
    DELTA AIR LINES 6.821% 7,503 7,149
    METROPOLITAN WEST TOTAL RETURN    
    FIDELITY CONSERVATIVE INC BOND    
    VANGUARD SHORT TERM INV GRADE    
    BB&T CORPORATION MTN 2.450% 1 15,136 14,895
    COMCAST CORP 3.125% 7    
    CVS HEALTH CORP 1.900% 7    
    ORACLE CORP 2.500% 5    
    VERIZON COMM INC 5.150% 9    
    VISA INC 3.150% 12    
    VANGUARD INFLAT PROTECTED-AD    
    FHLMC SER K045 CMO 3.023% 1    
    FNMA PL #AM5024 3.890% 1    
    FNMA SER M2 CMO 5.271% 10    
    ALABAMA ECON SETLMNT 4.263% 15,423 15,326
    AT&T INC 5.800%    
    BERSHIRE 2.750%    
    COMCAST 2.750%    
    EXXON CORP 2.726%    
    FHLMC SER K048 CMO 3.284%    
    FHLMC SER 4281 2.000%    
    FLORIDA ST BRD 2.638% 20,536 19,918
    FNMA PL #AL7182 3.028%    
    MICROSOFT CORP 2.400%    
    TVA 4.700%    
    UNITED AIRLINES ABS 4.000% 8,539 8,027
    FHLMC SER K041 3.171%    
    AT&T INC 4.6% 2/15/21    
    BERKSHIRE HATHAWAY INC SR 6.75    
    BOSTON PROPERTIES 10/1/26 14,335 13,548
    COMCAST CORP SR GLBL NT 3.3% 2    
    ESSEX 5.58% 10/1/22 10,673 10,460
    FHLMC REMIC SERIES KS03 3.284%    
    FHLMC K065 CL A2 3.423% 4/25/2    
    FHLMC PASS0THROUGH #AL7182 3.5    
    FNMA PASS THROUGH MULTI 7+ POO    
    GOLDMAN SACHS GR 3.85% 15,329 14,664
    BLACKROCK US MORTGAGE PORTFOLI 49,929 48,646
    NEW YORK CITY TRANSITIONAL 3.2 14,496 14,591
    PEPSICO SR NT    
    ROCKWELL COLLINS INC 2.8% 14,990 14,580
    SHELL INTL FINANCE SR 3.25% 15,366 14,791
    SHERWIN WILLIAMS 2.25% 5/15/20    
    STARBUCKS CORP 2.45% 06/15/26    
    TEXAS A&M UNIV REV FIN SYS 3.2 20,368 19,349
    VERIZON COMM INC NOTE 4.6% 4/1    
    AT&T INC GLBL 3.4% 14,346 14,125
    AMERICAN EXPRESS 2.6% 14,790 14,847
    ANNHEUSER-BUSCH INBEV FIN INC 14,913 14,139
    APPLE INC SR GLBL NT 3.25% 14,587 14,642
    BERKSHIRE HATHAWAY 3.125% 14,513 14,539
    DUKE ENERGY 3.95% 15,011 15,389
    FIDELITY CONSERVATIVE INCOME 37,386 37,349
    GENERAL DYNAMICS 3.5% 14,816 14,939
    JPMORGAN MORTGAGE BACKED SECUR 12,614 12,660
    MASSACHUSETTS EDL FUNG 4.038% 15,380 15,661
    OCCIDENTAL 2.7% 14,468 14,538
    PUBLIC SERVICE EL &GAS 3.65% 19,980 20,250
    SIMON PROPERTY GR 2.35% 14,523 14,568
    VERIZON COMM 3.7837% 15,081 14,544
    WELLS FARGO 3.069% 15,000 14,609

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN INTERNATIONAL GROUP    
    APPLE INC 29,630 48,899
    AT&T INC 43,026 36,103
    CDW CORP    
    CITIGOUP INC 27,625 35,141
    COCA COLA    
    DICKS SPORTING GOODS INC    
    EATON CORP PLC    
    EXXON MOBIL CORP    
    FMC CORP    
    GENERAL ELECTRIC CORP    
    GENERAL MOTORS    
    GOOGLE INC CLASS C    
    HCA HOLDINGS INC    
    JOHNSON & JOHNSON 12,874 29,036
    JP MORGAN CHASE & CO 19,167 53,691
    KONINKLIJKE PHILIPS NV    
    MACY'S INC    
    MARKEL CORPORATION 12,892 29,065
    MEDTRONIC INC 31,351 38,658
    MICHAEL KORS HOLDINGS LIMITED    
    MICROSOFT CORP 13,909 61,958
    NESTLE SA SPONSORED 19,181 21,452
    NETAPP INC    
    NOVARTIS AG SPONSORED    
    NXP SEMICONDUCTORS    
    PEPSICO INC 7,777 15,578
    PROCTER & GAMBLE COMPANY 9,662 21,601
    PVH CORP    
    REGIONS FINANCIAL CORP    
    ROYAL DUTCH    
    SANOFI SPONSORED    
    SILVERCREST ASSET MANAGEMENT    
    TARGET CORP    
    TOTAL S.A. SPONSORED    
    UNILEVER N V NY SHARES 6,277 14,526
    UNITED PARCEL SVC INC CL B    
    UNITEDHEALTH GROUP INC COM 12,865 51,568
    VANTIV INC CL A    
    WELLS FARGO & CO    
    ADVANCED AUTO PARTS    
    ALPHABET INC CL C 28,864 56,958
    BOEING CO 13,118 35,475
    CVS HEALTH CORP 23,418 19,722
    FEDEX CORPORATION 27,521 29,039
    GILEAD SCIENCES INC    
    HONEYWELL INTL INC 23,187 28,406
    JARDEN CORP    
    KROGER CO    
    OCCIDENTAL PETE CORP    
    PFIZER INC 7,119 10,258
    SCHLUMBERGER LTD 18,083 9,489
    VALERO ENERGY CORP    
    VISA INC 28,082 57,658
    INVESCO LIMITED    
    POTASH CORP SASK INC    
    TE CONNECTIVITY LIMITED    
    GOLDMAN SACHS M/C VALUE-INST #    
    ANADARKO PETE CORP    
    BANK AMER CORP 24,395 47,925
    CBS CORP CL B 19,612 16,045
    CHEVRON CORP 23,067 23,172
    HANESBRANDS INC    
    LOWES COS INC 16,280 21,058
    MOHAWK INDUSTRIES INC    
    NEWELL BRANDS    
    PIONEES NATURAL RES    
    ALLERGAN PLC    
    BROADCOM LTD 20,352 28,734
    GS-INTERNAT SC    
    JOHNSON CONTROLS 18,417 12,750
    MATHEWS EMERG ASIA-INS 6,715 7,426
    ROCHE HLDG 13,181 14,660
    MONDELEZ INTL INC CL A 28,922 27,541
    BP PLC SPONSORED ADR 29,020 30,564
    PIONEER NATURAK RES CO 34,988 29,724
    US SILICA HLDGS INC    
    ALLSCRIPTS HEALTHCARE SOLUTION    
    HCA HEALTHCARE INC 13,135 22,899
    GRANITE CONSTRUCTION INC 29,288 24,168
    MASTEC 22,533 21,456
    JOHNSON CONTROLS INTL PLC SHS    
    APPLIED MATERIALS INC    
    FACEBOOK INC CL A 39,634 35,394
    GOLDMAN SACHS INTL SM CAP INSI 21,554 20,455
    DOWDUPONT INC COM 61,062 49,897
    ISHARES MSCI USA MINIMUM VOLAT    
    AMAZON COM INC 14,934 13,518
    BERKSHIRE HATHAWAY INC CL B 14,653 13,884
    CATERPILLAR INC 23,698 21,475
    CISCO SYSTEMS INC 35,705 34,707
    FIDELITY SELECT RETAILING PORT 30,876 26,651
    GOLDMAN SACHS EMERG MKTS EQ 15,934 12,128
    INTERCONTINENTAL EXCHANGE INC 7,059 6,780
    ISHARES CORE S&P 500 29,706 27,174
    NUTRIEN LTD COM 12,056 12,784
    UTILITIES SELECT SECTOR SPDRR 7,089 6,933
    WALMART INC 20,191 21,331
    WORLDPLAY INC COM 9,725 24,152
    OTHER   1

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    US Government Securities - End of Year Book Value:

    40,400
    US Government Securities - End of Year Fair Market Value:

    38,548
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GOLDMAN SACHS MID CAP VALUE      
    GOLDMAN SACHS STRUCTURED INTL      
    HARBOR INTERNATIONAL FUND 11      
    ISHA MSCI EMERG MKT MIN VOL      
    MATTHEWS EMERGING ASIA FUND      
    WISDOMTREE JAPAN HEDGE EQUITY      
    LAST WILL AND TESTAMENT OF SAR      

    TY 2018 OtherDecreasesSchedule
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Description Amount
    DISALLOWED WASH SALE LOSS BASIS ADJMTS 28
    AMORTIZATION BASIS ADJUSTMENTS 1,172


    TY 2018 OtherExpensesSchedule
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 33 33   0


    TY 2018 OtherIncreasesSchedule
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Description Amount
    MARKET DISCOUNT BASIS ADJUSTMENTS 470
    ROUNDING 5


    TY 2018 TaxesSchedule
    Name:
    DR W G MCCAULEY SCHOLARSHIPS
    EIN:
    61-6021777
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 860 860   0
    FEDERAL TAX PAYMENT - PRIOR YE 1,236 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,220 0   0
    FOREIGN TAXES ON QUALIFIED FOR 85 85   0