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
THE JAMES W AND FRANCES GIBSON
MCGLOTHLIN FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)1005 GLENWAY AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BRISTOL, VA24201
A Employer identification number

26-3533035
B Telephone number (see instructions)

(276) 645-1436
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$45,763,221J 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 33,798 33,798  
4 Dividends and interest from securities... 812,670 830,499  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 734,223
b Gross sales price for all assets on line 6a 22,269,615
7 Capital gain net income (from Part IV, line 2)... 794,468
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)....... Click to see attachment 36,263 0  
12 Total. Add lines 1 through 11........ 1,616,954 1,658,765  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 81,871 0   81,871
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 4,301 0   4,301
16a Legal fees (attach schedule)......... Click to see attachment 14,688 0   14,688
b Accounting fees (attach schedule)....... Click to see attachment 14,500 0   14,500
c Other professional fees (attach schedule).... Click to see attachment 197,548 197,548   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 28,181 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 128 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,482,911 4,060   438
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,824,128 201,608   115,798
25 Contributions, gifts, grants paid....... 2,113,482 3,007,201
26 Total expenses and disbursements. Add lines 24 and 25 4,937,610 201,608   3,122,999
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,320,656
b Net investment income (if negative, enter -0-) 1,457,157
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 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............. 558,785 190,538 190,538
2 Savings and temporary cash investments......... 4,654,965 5,818,149 5,818,149
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 939,924 939,924 939,924
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment500,830 500,830
b Investments—corporate stock (attach schedule)....... 23,123,770 Click to see attachment19,748,933 19,748,933
c Investments—corporate bonds (attach schedule)....... 8,020,272 Click to see attachment10,136,313 10,136,313
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,021,389 Click to see attachment8,075,614 8,075,614
14 Land, buildings, and equipment: basis bullet8,388
Less: accumulated depreciation (attach schedule) bullet128 0 Click to see attachment8,260 8,260
15 Other assets (describe bullet) Click to see attachment149,285 Click to see attachment343,660 Click to see attachment344,660
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,468,390 45,762,221 45,763,221
Liabilities 17 Accounts payable and accrued expenses.......... 15,752 23,430
18 Grants payable................. 3,309,534 2,415,815
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) Click to see attachment5,372 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 3,330,658 2,439,245
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.................. 21,452,554 24,500,169
25 Temporarily restricted............... 26,685,178 18,822,807
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........    
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)..... 48,137,732 43,322,976
31 Total liabilities and net assets/fund balances (see instructions). 51,468,390 45,762,221
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
48,137,732
2
Enter amount from Part I, line 27a .....................
2
-3,320,656
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,848,809
4
Add lines 1, 2, and 3 ..........................
4
46,665,885
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,342,909
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
43,322,976
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY-TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 22,269,615   21,475,147 794,468
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       794,468
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 794,468
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 3,727,682 45,878,000 0.081252
2016 2,740,031 44,397,784 0.061715
2015 2,606,215 24,604,088 0.105926
2014 1,800,825 23,851,865 0.075500
2013 1,644,161 22,673,221 0.072516
2
Total of line 1, column (d) .....................
2
0.396909
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
0.079382
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
49,056,498
5
Multiply line 4 by line 3......................
5
3,894,203
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
14,572
7
Add lines 5 and 6........................
7
3,908,775
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,131,387
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 29,143
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 29,143
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 29,143
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 40,250
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,250
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 11,107
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet11,107 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletVA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBARBARA BJERKE Telephone no.bullet (276) 645-1436

    Located atbullet1005 GLENWAY AVENUEBRISTOLVA ZIP+4bullet24201
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JAMES W MCGLOTHLIN CHAIRMAN/DIRECTOR
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    FRANCES G MCGLOTHLIN VICE CHAIRMAN/VP/SECRETARY
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    BARBARA BJERKE TREASURER
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    LOIS A CLARKE PRESIDENT/CEO/DIRECTOR
    5.00     		52,596 1,953 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    JANE ARNOLD ASSISTANT SECRETARY
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    MARTIN L KENT DIRECTOR
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    MARTHA A MCGLOTHLIN DIRECTOR
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    R BRAD MARTIN DIRECTOR
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    SAM F EWING DIRECTOR
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    FAY H STREET DIRECTOR
    1.00     		0 0 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    PEGGY LITTLETON EXECUTIVE DIRECTOR
    40.00     		26,527 796 0
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    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
    UNITED MANAGEMENT COMPANY LLC INVESTMENT MANAGEMENT 97,221
    1005 GLENWAY AVENUE
    BRISTOL,VA24201
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    46,626,509
    b
    Average of monthly cash balances.......................
    1b
    2,943,341
    c
    Fair market value of all other assets (see instructions)................
    1c
    233,701
    d
    Total (add lines 1a, b, and c).........................
    1d
    49,803,551
    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
    49,803,551
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    747,053
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    49,056,498
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,452,825
    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
    2,452,825
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    29,143
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,143
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,423,682
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,423,682
    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
    2,423,682
    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
    3,122,999
    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
    8,388
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,131,387
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,131,387
    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 2,423,682
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 609,066
    b From 2014...... 625,110
    c From 2015...... 1,636,405
    d From 2016...... 539,499
    e From 2017...... 1,503,308
    fTotal of lines 3a through e........ 4,913,388
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,131,387
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 2,423,682
    e Remaining amount distributed out of corpus 707,705
    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 5,621,093
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		609,066
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		5,012,027
    10 Analysis of line 9:
    a Excess from 2014.... 625,110
    b Excess from 2015.... 1,636,405
    c Excess from 2016.... 539,499
    d Excess from 2017.... 1,503,308
    e Excess from 2018.... 707,705
    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).)
    JAMES W MCGLOTHLIN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    AMERICAN CIVIL WAR CENTER AT HISTORIC TREDEGAR
    490 TREDEGAR ST
    RICHMOND,VA23219     		N/A PC AMERICAN CIVIL WAR MUSEUM'S AMERICAN LEGACY CAMPAIGN 50,000
    BACKPACK BLESSINGS INC
    PO BOX 24
    GRUNDY,VA24614     		N/A PC BACKPACK PROGRAM OF BUCHANAN COUNTY, VA 5,000
    BARTER FOUNDATION INC
    160 CUMMINGS STREET
    ABINGDON,VA24210     		N/A PC GENERAL SUPPORT 50,000
    BOY SCOUTS OF AMERICA
    PO BOX 3010
    JOHNSON CITY,TN37602     		N/A PC SEQUOYAH COUNCIL CAPITAL PROGRAM - CAMP DAVY CROCKETT 25,000
    BOYS & GIRLS CLUB OF THE MOUNTAIN EMPIRE
    334 REBECCA STREET
    BRISTOL,VA24201     		N/A PC STEM DEVELOPMENT PROGRAM 100,000
    BRISTOL VA POLICE
    501 SCOTT STREET
    BRISTOL,VA24201     		N/A GOV GENERAL SUPPORT 5,000
    BUCHANAN COUNTY DEPARTMENT OF SOCIAL SERVICES
    3174 SLATE CREEK RD
    GRUNDY,VA24614     		N/A GOV COAL MINER'S CHRISTMAS AND SPECIAL NEEDS FUND 1,250
    CASA FOR KIDS INC
    310 SHELBY STREET
    KINGSPORT,TN37602     		N/A PC GENERAL SUPPORT 1,250
    CHILDREN'S HOSPITAL FOUNDATION
    801 ROEDER ROAD
    SILVER SPRING,MD20910     		N/A PC FOUNDATION RESTRICTED HOLDING FUND - THE CHILDREN'S BALL 125,000
    COMMUNITIES IN SCHOOLS OF VIRGINIA
    220 LEE STREET
    BRISTOL,VA24201     		N/A PC COATS, SHOES & BACKPACKS FOR STUDENTS IN NEED 47,943
    FOUNDATION FOR EDUCATIONAL AND DEVELOPMENTAL OPPORTUNITIES INC (DBA MORRIS
    139 TERRACE DRIVE
    BRISTOL,VA24202     		N/A PC SCHOLARSHIP FUND 25,000
    GOLF FORE AFRICA
    32531 N SCOTTSDALE ROAD STE 105
    SCOTTSDALE,AZ85266     		N/A PC GENERAL SUPPORT 10,000
    HEAL FOUNDATION INC
    PO BOX 140
    PONTE VEDRA BEACH,FL32004     		N/A PC GENERAL SUPPORT FOR PROGRAMS & SERVICES FOR THOSE WITH AUTISM 12,500
    JOHNS HOPKINS UNIVERSITY
    750 E PRATT STREET
    BALTIMORE,MD21202     		N/A PC SIDNEY KIMMEL COMPREHENSIVE CANCER CENTER FOR PANCREATIC CANCER RESEARCH 400,000
    LEGAL SERVICES CORPORATION
    3333 K STREET NW
    WASHINGTON,DC20007     		N/A PC GENERAL SUPPORT & 40TH ANNIVERSARY CAMPAIGN 25,000
    MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION
    751 UKROP WAY
    WILLIAMSBURG,VA23185     		N/A PC TEACHING AWARD FUND 55,594
    MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION
    751 UKROP WAY
    WILLIAMSBURG,VA23185     		N/A PC LEADERSHIP FORUM FUND 55,594
    MARSHALL-WYTHE SCHOOL OF LAW FOUNDATION
    751 UKROP WAY
    WILLIAMSBURG,VA23185     		N/A PC SCHOLARSHIP FUND 555,941
    MILWAUKEE SYMPHONY ORCHESTRA
    1101 NORTH MARKET STREET STE 100
    MILWAUKEE,WI53202     		N/A PC GENERAL SUPPORT 5,000
    MOUNTAIN MISSION SCHOOL INC
    1760 EDGEWATER DRIVE
    GRUNDY,VA24614     		N/A PC ANNUAL FUND & CHILD SPONSORSHIP PROGRAMS 120,000
    PITTSBURGH SYMPHONY ORCHESTRA
    600 PENN AVE
    PITTSBURGH,PA15222     		N/A PC GENERAL SUPPORT 5,000
    QUINNIPIAC UNIVERSITY
    275 MT CARMEL AVENUE
    HAMDEN,CT06518     		N/A PC ENDOWED SCHOLARSHIP FUND 100,000
    SERVING ORPHANS WORLDWIDE
    PO BOX 1403
    BRISTOL,TN37621     		N/A PC GENERAL SUPPORT 100,000
    SULLINS ACADEMY
    22218 SULLINS ACADEMY DRIVE
    BRISTOL,VA24202     		N/A PC SCHOLARSHIP FUND 25,000
    THE WASHINGTON SCHOOL FOR GIRLS
    1901 MISSISSIPPI AVENUE SE
    WASHINGTON,DC20020     		N/A PC GENERAL SUPPORT 10,000
    UPMC HILLMAN CANCER CENTER
    4200 5TH AVE
    PITTSBURGH,PA15213     		N/A PC MELANOMA IMMUNOTHERAPY RESEARCH 400,000
    VIRGINIA MUSEUM OF FINE ARTS FOUNDATION
    200 N BOULEVARD
    RICHMOND,VA23220     		N/A PC GENERAL SUPPORT 25,000
    WILLIAM & MARY BUSINESS SCHOOL FOUNDATION
    751 UKROP WAY
    WILLIAMSBURG,VA23185     		N/A PC TEACHING AWARD FUND 55,594
    WILLIAM & MARY BUSINESS SCHOOL FOUNDATION
    751 UKROP WAY
    WILLIAMSBURG,VA23185     		N/A PC SCHOLARSHIP FUND 555,941
    WILLIAM & MARY BUSINESS SCHOOL FOUNDATION
    751 UKROP WAY
    WILLIAMSBURG,VA23185     		N/A PC LEADERSHIP FORUM FUND 55,594
    Total .................................bullet 3a 3,007,201
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 33,798  
    4 Dividends and interest from securities....     14 812,670  
    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..... 525990 36,263      
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 734,223  
    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).. 36,263 1,580,691 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,616,954
    (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:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT FEES 10,000 0   10,000
    TAX RETURN PREPARATION 4,500 0   4,500

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    RENOVATIONS TO MARTIN HALL - WORK CLOSET 2018-10-01 6,221   SL 15.000000000000 104 0    
    A/C INSTALLATION - WORK CLOSET 2018-11-26 2,167   SL 15.000000000000 24 0    

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 3.4% 11/30/23 173,456 173,456
    ABBVIE INC 3.2% 11/06/22 295,502 295,502
    AMERICAN INTL GROUP 2.3% 07/16/19 248,955 248,955
    AMERN EXPRESS CO 3.375% 05/17/21 250,388 250,388
    AMGEN INC 2.125% 05/01/20 197,305 197,305
    APPLE INC 2.25% 02/23/21 247,063 247,063
    AT&T INC 2.3% 03/11/19 249,555 249,555
    AT&T INC 3.9% 03/11/24 248,298 248,298
    BANK OF AMERICA MTN 2.25% 04/21/20 197,834 197,834
    BANK OF NEW YORK MTN 2.1% 01/15/19 199,940 199,940
    CAPITAL ONE FINANCIAL 2.45% 04/24/19 499,195 499,195
    CARLISLE COS INC 3.5% 12/01/24 239,362 239,362
    EMC CORP 2.65% 06/01/20 240,068 240,068
    FORD MOTOR CREDIT MTN 3.1% 03/20/21 472,185 472,185
    HEWLETT-PACKARD CO 2.75% 01/14/19 249,935 249,935
    HOME DEPOT INC 2% 06/15/19 224,359 224,359
    KROGER CO/THE 2.3% 01/15/19 249,912 249,912
    LABORATORY CORP OF AME 3.6% 02/01/25 240,842 240,842
    MARATHON PETROLEUM COR 3.4% 12/15/20 249,873 249,873
    MARSH & MCLENNAN COS 2.35% 03/06/20 297,303 297,303
    MOSAIC CO 3.25% 11/15/22 244,105 244,105
    MOTOROLA SOLUTIONS INC 3.5% 03/01/23 241,638 241,638
    NATIONAL RURAL UTIL COOP 2% 01/27/20 495,210 495,210
    NORFOLK SOUTHERN CORP 3.25% 12/01/21 250,645 250,645
    O'REILLY AUTOMOTIVE IN 3.8% 09/01/22 252,678 252,678
    PACKAGING CORP OF AMER 3.9% 06/15/22 252,400 252,400
    PEPSICO INC 2.15% 10/14/20 296,205 296,205
    PHILLIPS 66 4.3% 04/01/22 256,645 256,645
    QUALCOMM INC 3% 05/20/22 245,937 245,937
    ROCKWELL COLLINS INC 3.2% 03/15/24 240,735 240,735
    STANLEY BLACK & DECKER 3.4% 12/01/21 251,092 251,092
    SYNOVUS FINANCIAL CO 3.125% 11/01/22 471,870 471,870
    SYSCO CORPORATION 2.6% 06/12/22 241,068 241,068
    TARGET CORP 2.3% 06/26/19 249,193 249,193
    UNION PACIFIC CORP 2.25% 02/15/19 199,646 199,646
    UNITED TECHNOLOGIES CO 3.1% 06/01/22 244,798 244,798
    VERIZON COMMUNICATIO 2.625% 02/21/20 249,033 249,033
    XEROX CORPORATION 2.75% 03/15/19 182,085 182,085

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 190,540 190,540
    ABBOTT LABORATORIES 306,896 306,896
    ACADIA HEALTHCARE CO INC 51,420 51,420
    ACCENTURE PLC-CL A 357,742 357,742
    ADOBE SYSTEMS INC 519,447 519,447
    ALIBABA GROUP HOLDING-SP ADR 68,535 68,535
    ALLEGION PLC 146,107 146,107
    ALPHABET INC/CA-CL A 979,556 979,556
    AMAZON.COM INC 549,721 549,721
    AMERIPRISE FINANCIAL INC 69,302 69,302
    AMGEN INC 175,203 175,203
    AMPHENOL CORP-CL A 159,852 159,852
    APPLE INC. 718,506 718,506
    APTIV PLC 127,819 127,819
    AUTOMATIC DATA PROCESSING INC 262,240 262,240
    BANK OF AMERICA CORP 123,200 123,200
    BERKSHIRE HATHAWAY INC-CL B 591,305 591,305
    BLACKROCK INC 250,619 250,619
    BOEING CO/THE 64,500 64,500
    BOOKING HOLDINGS INC 168,797 168,797
    BRISTOL MYERS SQUIBB CO 311,880 311,880
    CELGENE CORP 95,302 95,302
    CHEVRON CORP 163,185 163,185
    CHUBB LTD 174,393 174,393
    CISCO SYSTEMS INC 437,633 437,633
    COCA-COLA CO 156,255 156,255
    COMCAST CORP 69,871 69,871
    DANAHER CORP 98,686 98,686
    DEXCOM INC 47,920 47,920
    ECOLAB INC 303,836 303,836
    ELI LILLY & CO 300,872 300,872
    ESTEE LAUDER COMPANIES-CL A 36,818 36,818
    EXXON MOBIL CORP 180,704 180,704
    FACEBOOK INC-A 292,331 292,331
    FORTINET INC 70,430 70,430
    HERSHEY CO/THE 57,020 57,020
    HOME DEPOT INC 246,046 246,046
    HONEYWELL INTERNATIONAL INC 238,873 238,873
    INTEL CORP 305,045 305,045
    INTERCONTINENTAL EXCHANGE IN 61,017 61,017
    INTUIT INC 143,897 143,897
    IQVIA HOLDINGS INC 165,775 165,775
    JOHNSON & JOHNSON 341,983 341,983
    JP MORGAN CHASE & CO 561,315 561,315
    LOWE'S COS INC 68,808 68,808
    MARKEL CORP 197,230 197,230
    MASTERCARD INC-CLASS A 360,322 360,322
    MC DONALDS CORP 248,598 248,598
    MEDTRONIC PLC 265,694 265,694
    MERCK AND CO INC 466,101 466,101
    METTLER-TOLEDO INTERNATIONAL 77,484 77,484
    MICROCHIP TECHNOLOGY INC 120,322 120,322
    MICROSOFT CORP 1,086,799 1,086,799
    MONDELEZ INTERNATIONAL INC-A 145,629 145,629
    OCCIDENTAL PETROLEUM CORP 150,381 150,381
    ORACLE CORP 141,816 141,816
    O'REILLY AUTOMOTIVE INC 75,408 75,408
    PARKER HANNIFIN CORP 55,033 55,033
    PEPSICO INC 143,624 143,624
    PFIZER INC 399,398 399,398
    RED HAT INC 189,340 189,340
    ROCKWELL AUTOMATION INC 47,251 47,251
    ROPER TECHNOLOGIES INC 164,709 164,709
    SALESFORCE.COM INC 136,970 136,970
    SCHLUMBERGER LTD 60,759 60,759
    SCHWAB (CHARLES) CORP 195,399 195,399
    STANLEY BLACK & DECKER,INC. 185,597 185,597
    STARBUCKS CORP 316,011 316,011
    TEXAS INSTRUMENTS INC 321,300 321,300
    THERMO FISHER SCIENTIFIC INC 100,258 100,258
    TJX COMPANIES INC 68,094 68,094
    TRANSDIGM GROUP INC 100,998 100,998
    TRAVELERS COS INC/THE 203,575 203,575
    ULTA BEAUTY INC 185,834 185,834
    UNILEVER N V -NY SHARES 100,445 100,445
    UNITED CONTINENTAL HOLDINGS 83,730 83,730
    UNITED TECHNOLOGIES CORP 69,744 69,744
    UNITEDHEALTH GROUP INC 331,080 331,080
    US BANCORP 327,258 327,258
    VERISK ANALYTICS INC 165,741 165,741
    VERIZON COMMUNICATIONS INC 258,612 258,612
    VISA INC-CLASS A SHARES 293,039 293,039
    WAL-MART STORES INC 142,054 142,054
    WALT DISNEY CO 450,442 450,442
    WELLS FARGO & CO 202,752 202,752
    WEST PHARMACEUTICAL SERVICES 115,381 115,381
    XPO LOGISTICS INC 67,079 67,079
    ZOETIS INC 120,440 120,440

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    US Government Securities - End of Year Book Value:

    500,830
    US Government Securities - End of Year Fair Market Value:

    500,830
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERICAN TOWER CORP FMV 290,120 290,120
    CONSUMER DISCRETIONARY SELECT SPDR FUND FMV 415,842 415,842
    CONSUMER STAPLES SPDR FUND FMV 363,077 363,077
    ENABLE MIDSTREAM PARTNERS LP FMV 1,250,077 1,250,077
    ENLINK MIDSTREAM PARTNERS LP FMV 2,862,600 2,862,600
    FINANCIAL SELECT SECTOR SPDR FMV 500,220 500,220
    HEALTH CARE SELECT SECTOR SPDR FUND FMV 415,248 415,248
    INVESCO S&P 500 EQUAL WEIGHT FMV 140,830 140,830
    ISHARES INTERMEDIATE-TERM CORPORATE FMV 524,200 524,200
    ISHARES NASDAQ BIOTECHNOLOGY INDEX FMV 202,503 202,503
    INDUSTRIAL SELECT SECT SPDR FMV 367,137 367,137
    TECHNOLOGY SELECT SECTOR SPDR FUND FMV 743,760 743,760

    TY 2018 LandEtcSchedule2
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    RENOVATIONS TO MARTIN HALL - WORK CLOSET 6,221 104 6,117 6,117
    A/C INSTALLATION - WORK CLOSET 2,167 24 2,143 2,143


    TY 2018 LegalFeesSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL GOVERNANCE & COUNSEL 14,688 0   14,688


    TY 2018 OtherAssetsSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDEND RECEIVABLE 25,537 23,128 23,128
    INTEREST RECEIVABLE - SECURITIES 48,093 67,626 68,626
    INT/DIV RECEIVABLE - TEMP INVESTMENTS 4,775 7,588 7,588
    CASH SURRENDER VALUE 70,880 233,701 233,701
    PREPAID FEDERAL EXCISE TAX   11,617 11,617


    TY 2018 OtherDecreasesSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Description Amount
    UNREALIZED LOSS IN VALUE OF INVESTMENTS 3,342,909


    TY 2018 OtherExpensesSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 308 308   0
    SUPPLIES 413 0   413
    LICENSES 25 0   25
    PTP PASSTHROUGH LOSSES 1,323,175 3,752   0
    LIFE INSURANCE 1,158,990 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORDINARY GAIN ON DISPOSITION OF PTP 36,263 0 36,263


    TY 2018 OtherIncreasesSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Description Amount
    PARTNERSHIP K-1 PASS THROUGHS 1,323,178
    PARTNERSHIP DISTRIBUTIONS RECORDED AS INCOME ON BOOKS 525,631


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL EXCISE TAX PAYABLE 5,372 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 197,548 197,548   0


    TY 2018 TaxesSchedule
    Name:
    THE JAMES W AND FRANCES GIBSON
     
    MCGLOTHLIN FOUNDATION
    EIN:
    26-3533035
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SECTION 4940 TAX 28,181 0   0