TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 05-01-2018 , and ending 04-30-2019

Name of foundation
WARNER MEMORIAL TRUST

Number and street (or P.O. box number if mail is not delivered to street address)REGIONS BANK TRUST DEPT P O BOX 11
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35202

A Employer identification number

61-6449860

B Telephone number (see instructions)

(205) 420-7753

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$1,649,241J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	51,249		51,249
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		28,785
b	Gross sales price for all assets on line 6a 183,998
7	Capital gain net income (from Part IV, line 2)...			28,785
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........	80,034		80,034
13	Compensation of officers, directors, trustees, etc.	18,044		14,435		3,609
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).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		108	108		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).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	18,152		14,543	0	3,609
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	18,152		14,543	0	3,609
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	61,882
b	Net investment income (if negative, enter -0-)			65,491
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	4,686	84,670	84,670
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	578,825
	c	Investments—corporate bonds (attach schedule).......	324,278
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	476,360	1,361,081	1,564,571
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,384,149	1,445,751	1,649,241
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	1,384,149	1,445,751
	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).....	1,384,149	1,445,751
	31	Total liabilities and net assets/fund balances (see instructions).	1,384,149	1,445,751

Part III

Analysis of Changes in Net Assets or Fund Balances

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

1,384,149

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

61,882

Other increases not included in line 2 (itemize) bullet

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

1,446,031

Decreases not included in line 2 (itemize) bullet

280

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

1,445,751

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	401.372 DOUBLELINE EMG MKTS INC-I		2018-03-09	2018-06-20
b	162.867 TEMPLETON GLOBAL BD FD ADVISOR CL		2016-04-01	2018-06-20
c	80.283 BAIRD AGGREGATE BOND FUND - IS		2018-02-09	2018-08-21
d	117.183 FIDELITY INV GRADE BOND FUND 26		2016-04-01	2018-08-21
e	40. INVESCO LTD		2013-10-23	2018-08-21
	62.319 DOUBLELINE TOTAL RET BD-I		2018-02-09	2018-09-20
	1300. BAIRD AGGREGATE BOND FUND - IS		2018-02-09	2018-10-11
	1885.433 FIDELITY INV GRADE BOND FUND 26		2016-04-01	2018-10-11
	160. KAR AUCTION SERVICES INC		2015-09-16	2018-10-11
	73. 3M CO COM		2015-09-16	2018-10-11
	148. WESTROCK CO		2016-10-17	2018-10-11
	2837.684 WELLS FARGO SM CAP CORE-INST		2011-09-10	2018-12-14
	90. OCCIDENTAL PETROLEUM CORP		2015-09-16	2019-01-17
	610. PFIZER INC COM		2015-10-21	2019-01-17
	120. KRAFT HEINZ CO		2016-06-13	2019-03-12
	120. KRAFT HEINZ CO		2015-09-16	2019-04-03
	213. PRUDENTIAL FINANCIAL INC COM		2015-09-16	2019-04-03
	83. DOW INC		2019-01-17	2019-04-10
	.3333 DOW INC		2019-01-17	2019-04-16
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,098	4,202	-104
b	1,886	1,862	24
c	851	855	-4
d	907	911	-4
e	990	1,300	-310
	645	652	-7
	13,546	13,845	-299
	14,367	14,650	-283
	9,012	5,916	3,096
	14,514	9,866	4,648
	6,354	7,093	-739
	27,089	26,419	670
	5,916	6,070	-154
	25,865	20,946	4,919
	3,875	9,826	-5,951
	3,854	9,065	-5,211
	20,505	17,158	3,347
	4,606	4,559	47
	19	18	1
			25,099

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			-104
b			24
c			-4
d			-4
e			-310
			-7
			-299
			-283
			3,096
			4,648
			-739
			670
			-154
			4,919
			-5,951
			-5,211
			3,347
			47
			1

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	28,785
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	149,195	1,624,475	0.091842
2016	4,552	1,581,703	0.002878
2015	78,945	1,540,519	0.051246
2014	83,661	1,609,916	0.051966
2013	58,612	1,549,900	0.037817

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

0.235749

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

0.04715

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

1,552,873

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

73,218

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

655

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

73,873

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

3,609

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

Form 990-PF (2018)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,310
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,310
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,310
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	464
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	464
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	846
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

REGIONS BANK TRUST DEPARTMENT Telephone no. bullet

(205) 420-7753

Located at bullet

201 MILAN PARKWAYBIRMINGHAMAL ZIP+4 bullet

35211

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

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

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

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

16 No

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

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2018)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
REGIONS BANK	TRUSTEE 1	18,044
201 MILAN PARKWAY BIRMINGHAM,AL35211	TRUSTEE 1	18,044

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2018)

Page 7

Part VIII

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

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

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2018)

Page 8

Part X

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

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

purposes:

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

1,576,521

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

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

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

1,576,521

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

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

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

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

1,576,521

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

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

23,648

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

1,552,873

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

77,644

Part XI

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

and do not complete this part.)

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

77,644

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

1,310

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

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

1,310

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

76,334

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

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

76,334

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

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

76,334

Part XII

Qualifying Distributions (see instructions)

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

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

3,609

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

3,609

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

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

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

3,609

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

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					76,334
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	60
fTotal of lines 3a through e........		60
4Qualifying distributions for 2018 from Part
XII, line 4: $ 3,609
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.....					3,609
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		60			60
(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 ..........					72,665
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)

Page 10

Part XIV

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

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

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

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

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

Part XV

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

1Information Regarding Foundation Managers:

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

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

ELIZABETH WINTER REGIONS BANK TRUS
2222 9TH STREET
TUSCALOOSA,AL35401
(205) 750-2807

bThe form in which applications should be submitted and information and materials they should include:

NO STANDARD FORM

cAny submission deadlines:

NO DEADLINES

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NO RESTRICTIONS OR LIMITATIONS

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

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

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	51,249
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	28,785
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)..				80,034

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

80,034

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2018)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

WARNER MEMORIAL TRUST

EIN:

61-6449860

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FIDELITY INVST GRADE BD PORTFO
MFS CORPORATE BOND I
PRUDENTIAL HIGH YIELD FUND CL
TCW CORE FIXED INCOME FUND
TEMPLETON GLOBAL BOND FUND ADV

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

WARNER MEMORIAL TRUST

EIN:

61-6449860

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AT&T INC
ALLIANT CORP
BB&T CORP
BLACKROCK INC
CHEVRON CORP
CISCO SYSTEMS INC
COCA COLA CO
DOMINION RES INC VA
EXXON MOBIL CORP
GALLAGHER ARTHUR J & CO
GENERAL ELECTRIC CO
HASBRO INC
INTEL CORP
JP MORGAN CHASE & CO
MERCK & CO, INC
MICROSOFT CORP
NEXTERA ENERGY, INC
OCCIDENTAL PETE CORP
PEPSICO INC
PRUDENTIAL FINANCIAL INC
RAYTHEON CO
REPUBLIC SVCS INC CL A
3M CO
US BANCORP DEL
VERIZON COMMUNICATIONS
WASTE MANAGEMENT, INC
WELLS FARGO & CO
INVESCO LTD
LYONDELLBASELL INDUSTRIES
DODGE & COX INTL STK
ALTRIA GROUP INC
BRISTOL MYERS SQUIBB CO
HOLLYFRONTIER CORPORATION
KAR AUCTION SERVICES INC.
KRAFT HEINZ CO
ELI LILLY & CO
QUALCOMM INC
REGAL ENTMT GROUP CL A
SCHLUMBERGER LTD
SOUTHERN CO
TARGET CORP
WAL MART STORES INC
XILINX INC
EATON CORP PLC
CHUBB LIMITED
PFIZER INC
AIR PRODS & CHEMS INC
BARON EMERGING MARKETS INST
HELMERICH & PAYNE INC
LOCKHEED MARTIN CORP
METLIFE INC
SABRE CORPORATION
VANGUARD MID-CAP INDEX FUND-AD
VANGUARD TOTAL BOND MARKET IND
WELLS FARGO SMALL CAP CORE FUN
WESTROCK COMPANY

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

WARNER MEMORIAL TRUST

EIN:

61-6449860

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BAIRD AGGREGATE BOND FUND
BANK OF AMERICA CORP
CLOROX CO/THE
DOUBLELINE EMERGING MARKETS FI
DOUBLELINE TOTAL RETURN BOND F
HOME DEPOT INC/THE
MCCORMICK & CO INC/MD
MSC INDUSTRIAL DIRECT CO INC
NASDAQ INC
OMNICOM GROUP INC
ONEOK INC
PPL CORP
PROCTER & GAMBLE CO/THE
UNITED PARCEL SERVICE INC
25746U109 DOMINION RES INC VA	AT COST	10,473	12,459
054937107 BB&T CORP COM	AT COST	13,303	19,200
110122108 BRISTOL MYERS SQUIBB	AT COST	6,333	4,875
166764100 CHEVRONTEXACO CORP	AT COST	19,730	24,012
375558103 GILEAD SCIENCES INC	AT COST	14,515	13,008
532457108 ELI LILLY & CO COM	AT COST	15,258	22,238
553530106 MSC INDL DIRECT INC	AT COST	7,225	6,692
59156R108 METLIFE INC	AT COST	12,746	12,455
742718109 PROCTER & GAMBLE CO	AT COST	14,917	18,102
755111507 RAYTHEON CO	AT COST	3,610	8,169
911312106 UNITED PARCEL SVC IN	AT COST	5,807	5,311
922908645 VANGUARD IDX TR MID-	AT COST	14,500	18,224
942622200 WATSCO INC COM	AT COST	7,125	7,924
N53745100 LYONDELLBASELL INDU-	AT COST	11,872	13,235
037833100 APPLE COMPUTER INC C	AT COST	7,200	8,027
057071854 BAIRD AGGREGATE BOND	AT COST	215,422	218,349
126650100 CVS CORP	AT COST	7,033	5,982
258620509 DOUBLELINE EMG MKTS	AT COST	43,264	43,233
58933Y105 MERCK & CO INC	AT COST	17,430	28,336
682680103 ONEOK INC NEW	AT COST	7,498	8,491
931142103 WAL MART STORES INC	AT COST	12,754	19,540
009158106 AIR PRODUCTS AND CHE	AT COST	13,292	18,521
258620103 DOUBLELINE TOTAL RET	AT COST	75,073	75,288
46625H100 J P MORGAN CHASE & C	AT COST	15,801	33,655
65339F101 NEXTERA ENERGY INC	AT COST	11,993	26,249
69351T106 PPL CORP	AT COST	14,948	11,641
713448108 PEPSICO INC	AT COST	5,829	8,964
880208400 TEMPLETON GLOBAL BD	AT COST	42,220	42,049
882508104 TEXAS INSTRUMENTS IN	AT COST	15,235	15,907
00206R102 AT&T INC	AT COST	20,731	19,040
92343V104 VERIZON COMMUNICATIO	AT COST	14,872	17,443
316146109 FIDELITY INV GRADE B	AT COST	214,650	218,052
G29183103 EATON CORP PLC	AT COST	12,740	17,392
G491BT108 INVESCO LTD	AT COST	5,848	3,955
018802108 ALLIANT ENERGY CORP	AT COST	12,337	21,254
30231G102 EXXON MOBIL CORP	AT COST	20,571	21,274
579780206 MC CORMICK & CO INC	AT COST	13,498	20,016
681919106 OMNICOM GROUP INC CO	AT COST	14,905	14,245
902973304 US BANCORP DEL	AT COST	11,266	15,463
20030N101 COMCAST CORP NEW CL	AT COST	13,309	16,977
26078J100 DOWDUPONT INC	AT COST	13,355	13,458
363576109 GALLAGHER ARTHUR J &	AT COST	12,509	23,414
418056107 HASBRO INC	AT COST	4,010	8,149
423452101 HELMERICH & PAYNE IN	AT COST	18,053	16,444
539830109 LOCKHEED MARTIN CORP	AT COST	13,710	18,000
74440Y801 PRUDENTIAL HIGH YIEL	AT COST	62,485	64,828
747525103 QUALCOMM INC	AT COST	11,200	18,949
78573M104 SABRE CORP	AT COST	7,508	7,266
94106L109 WASTE MANAGEMENT INC	AT COST	10,675	25,762
H1467J104 CHUBB LTD	AT COST	19,031	23,813
437076102 HOME DEPOT INC USD 0	AT COST	6,575	8,148
806857108 SCHLUMBERGER LIMITED	AT COST	20,663	11,737
H84989104 TE CONNECTIVITY LTD	AT COST	7,085	8,609
060505104 BANK AMER CORP	AT COST	23,973	24,464
189054109 CLOROX COMPANY COMMO	AT COST	15,834	19,168
06828M876 BARON EMERGING MARKE	AT COST	27,498	29,692
09247X101 BLACKROCK INC CL A	AT COST	11,242	17,954
191216100 COCA-COLA CO USD	AT COST	13,824	16,190
256206103 DODGE & COX FDS INTL	AT COST	19,049	27,183
594918104 MICROSOFT CORP COM	AT COST	12,053	31,344
631103108 NASDAQ STK MKT INC	AT COST	13,616	14,752

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

WARNER MEMORIAL TRUST

EIN:

61-6449860

Description	Amount
MUTUAL FUND TIMING DIFFERENCE	280

- TIN:

TY 2018 TaxesSchedule

Name:

WARNER MEMORIAL TRUST

EIN:

61-6449860

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	83	83		0
FOREIGN TAXES ON QUALIFIED FOR	25	25		0