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 04-01-2018 , and ending 03-31-2019
Name of foundation
HERMAN FORBES CHAR TR XXXXX1001
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

13-6814404
B Telephone number (see instructions)

(800) 496-2583
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$6,691,016J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 174,857 172,958  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 182,960
b Gross sales price for all assets on line 6a 2,694,441
7 Capital gain net income (from Part IV, line 2)... 182,960
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........ 357,817 355,918  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 108,605 65,163   43,442
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)... Click to see attachment 8,493 3,447   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 250     250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 117,348 68,610 0 43,692
25 Contributions, gifts, grants paid....... 390,000 390,000
26 Total expenses and disbursements. Add lines 24 and 25 507,348 68,610 0 433,692
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -149,531
b Net investment income (if negative, enter -0-) 287,308
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 28,350 20,860 20,860
2 Savings and temporary cash investments......... 103,811 74,030 74,030
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,228,346 Click to see attachment3,019,487 3,923,348
c Investments—corporate bonds (attach schedule)....... 2,081,926 Click to see attachment2,338,080 2,328,997
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 503,207 Click to see attachment340,510 343,781
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,945,640 5,792,967 6,691,016
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 5,945,640 5,792,967
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)..... 5,945,640 5,792,967
31 Total liabilities and net assets/fund balances (see instructions). 5,945,640 5,792,967
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
5,945,640
2
Enter amount from Part I, line 27a .....................
2
-149,531
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,796,109
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,142
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,792,967
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 1519.554 DODGE & INTERNATIONAL STOCK FUND   2011-02-09 2018-05-04
b 10483.425 JPMORGAN TRUST HIGH YLD ULTRA   2011-02-09 2018-05-04
c 1628.424 PARNASSUS EQTY INCOME FD-INS   2012-09-20 2018-05-04
d 1500. ISHARES MISCI EAFE INDEX FUND   2018-01-19 2018-06-14
e 495. ISHARES MISCI EAFE INDEX FUND   2017-05-18 2018-06-14
6580.378 BROWN ADV JAPAN ALPHA OPP-IS   2015-08-24 2018-07-27
6334.155 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND   2011-02-09 2018-07-27
1730. ISHARES INC MSCI JAPAN NEW   2018-01-19 2018-07-27
10606.771 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070   2015-08-24 2018-07-27
7777.173 EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND   2011-02-09 2018-11-09
7568.07 GOLDMAN SACHS STRATEGIC INCOME FUND USD ISIN US38147X5317   2018-01-19 2018-11-09
6608.933 CHILTON STRATEGIC EUROPEAN EQUITIES FD   2018-01-19 2018-12-24
3958.055 DODGE & INTERNATIONAL STOCK FUND   2011-02-09 2018-12-27
2637. ISHARES MISCI EAFE INDEX FUND     2018-12-27
3560.257 MFS INTL INTRINSIC VALUE-R6   2012-09-20 2018-12-27
25274.397 PIMCO SHORT TERM FUND INSTL     2018-12-27
12901.273 PIMCO MTGE OPPORTUNITIES-IS     2018-12-27
18679.119 SIT DIVIDEND GROWTH FD-I   2012-09-20 2018-12-27
6266.346 VANGUARD TOTAL BOND MARKET INDEX FUND-ADM   2015-06-08 2018-12-27
4949.084 DODGE & COX INCOME FUND   2015-06-08 2019-03-20
2956.882 JPM TAX AWR EQTY FD - USD - R6 ISIN US48129C8358   2004-02-20 2019-03-20
48077.126 LORD ABBETT SHRT DUR INC-F3   2018-12-27 2019-03-20
4735.765 T ROWE PR EMERG MKTS BND-I   2016-08-22 2019-03-20
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 69,550   56,102 13,448
b 75,900   87,969 -12,069
c 69,550   48,967 20,583
d 105,597   110,934 -5,337
e 34,847   32,336 2,511
71,858   73,108 -1,250
56,057   62,318 -6,261
103,175   110,415 -7,240
245,865   182,543 63,322
66,961   75,828 -8,867
70,156   72,500 -2,344
61,529   72,500 -10,971
143,994   146,131 -2,137
151,237   162,475 -11,238
132,940   95,946 36,994
246,931   249,600 -2,669
138,947   142,050 -3,103
232,368   280,000 -47,632
65,170   67,175 -2,005
67,555   67,901 -346
101,835   55,613 46,222
201,443   199,039 2,404
55,361   60,031 -4,670
      125,615
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       13,448
b       -12,069
c       20,583
d       -5,337
e       2,511
      -1,250
      -6,261
      -7,240
      63,322
      -8,867
      -2,344
      -10,971
      -2,137
      -11,238
      36,994
      -2,669
      -3,103
      -47,632
      -2,005
      -346
      46,222
      2,404
      -4,670
       
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 2 182,960
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 424,421 7,039,309 0.060293
2016 429,821 6,722,421 0.063938
2015 433,487 6,886,868 0.062944
2014 414,005 7,376,097 0.056128
2013 390,401 7,188,642 0.054308
2
Total of line 1, column (d) .....................
2
0.297611
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
0.059522
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,755,224
5
Multiply line 4 by line 3......................
5
402,084
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,873
7
Add lines 5 and 6........................
7
404,957
8
Enter qualifying distributions from Part XII, line 4,.............
8
433,692
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 2,873
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 2,873
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 2,873
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,300
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 3,300
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 427
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet427 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletJPMORGAN CHASE BANK NA Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN ST IL1-0111CHICAGOIL ZIP+4bullet60603
    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
    JPMORGAN CHASE BANK N A TRUSTEE
    10     		81,759    
    10 S DEARBORN ST IL1-0111
    CHICAGO,IL60603
    WILLIAM H FLEECE CO-TRUSTEE
    6     		13,423    
    14820 RUE DE BAYONNE 506
    CLEARWATER,FL337623030
    BENJAMIN A HERING ESQ CO-TRUSTEE
    1     		6,712    
    655 THIRD AVE SUITE 2600
    NEW YORK,NY100175617
    GERALD MOSS CO-TRUSTEE
    1     		6,711    
    305 E 86TH STREET APT 6SW
    NEW YORK,NY100284731
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,737,436
    b
    Average of monthly cash balances.......................
    1b
    120,659
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,858,095
    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
    6,858,095
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    102,871
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,755,224
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    337,761
    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
    337,761
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,873
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,873
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    334,888
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    334,888
    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
    334,888
    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
    433,692
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    433,692
    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
    2,873
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    430,819
    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 7 334,888
    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...... 5,509
    d From 2016...... 96,682
    e From 2017...... 78,986
    fTotal of lines 3a through e........ 181,177
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 433,692
    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..... 334,888
    e Remaining amount distributed out of corpus 98,804
    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 5 279,981
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		279,981
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 5,509
    c Excess from 2016.... 96,682
    d Excess from 2017.... 78,986
    e Excess from 2018.... 98,804
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JP MORGAN CHASE BANK NA
    270 PARK AVE
    NEW YORK,NY100172014
    (212) 464-1020
    bThe form in which applications should be submitted and information and materials they should include:
    NO FORMAL APPLICATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CONGREGATION BNAI ISRAEL
    301 58TH STREET NORTH ST
    Petersburg,FL33710     		NONE PC GENERAL 20,000
    TAMPA JEWISH FEDERATION
    13009 COMMUNITY CAMPUS DR
    Tampa,FL33625     		NONE PC GENERAL 10,000
    STAGEWORKS THEATRE
    1120 E KENNEDY BLVD 151
    Tampa,FL33602     		NONE PC GENERAL 5,000
    YESHIVA UNIVERSITY
    500 W 185TH ST
    NEW YORK,NY10033     		NONE PC GENERAL 10,000
    CAMP RAMAH IN THE BERKSHIRES
    25 ROCKWOOD PLACE
    Englewood,NJ07631     		NONE PC GENERAL 2,500
    CONGREGATION SONS OF ISRAEL
    1666 PLEASANTVILLE RD
    Briarcliff Manor,NY10510     		NONE PC GENERAL 5,000
    CONGREGATION SCHAARAI ZEDEK
    27375 BELL RD
    SOUTHFIELD,MI48034     		NONE   GENERAL 5,000
    SAR ACADEMY
    655 WEST 254TH STREET
    BRONX,NY10471     		NONE PC GENERAL 35,000
    THE FLORIDA ORCHESTRA
    244 2ND AVENUE NORTH
    ST PETERSBURG,FL33701     		NONE PC GENERAL 30,000
    THE RAMAZ SCHOOL
    125 E 85TH ST
    NEW YORK,NY10028     		NONE PC GENERAL 10,000
    TEMPLE BETH-EL
    400 PASADENA AVE50
    ST PETERSBURG,FL33707     		NONE PC GENERAL 50,000
    TEMPLE EMUNAH
    9 PIPER ROAD
    LEXINGTON,MA02421     		NONE PC GENERAL 5,000
    SOLVING KIDS CANCER INC
    1 EAST 53RD STREET 5TH FLOOR
    NEW YORK,NY10022     		NONE PC GENERAL 10,000
    THE SHEFA SCHOOL
    180 AMSTERDAM AVE
    New York,NY10023     		NONE PC GENERAL 50,000
    JACK M BARACK HEBREW ACADEMY
    BRYN MAWR PA
    272 S BRYN MAWR
    BRYN MAWR,PA19010     		NONE PC GENERAL 5,000
    THE HILLEL SCHOOL OF TAMPA INC
    2020 WEST FLETCHER
    TAMPA,FL33612     		NONE PC GENERAL 10,000
    SHARSHERET
    PO BOX 3245
    TEANECK,NJ07666     		NONE PC GENERAL 10,000
    DOROT
    171 WEST 85TH STREET
    NEW YORK,NY10024     		NONE PC GENERAL 5,000
    THE EDUCATIONAL ALLIANCE
    197 EAST BROADWAY
    NEW YORK,NY10002     		NONE PC GENERAL 5,000
    CENTER FOR ORANGUTAN AND
    PO BOX 488
    WAUCHULA,FL33873     		NONE   GENERAL 2,500
    THE JEWISH THEOLOGICAL SEMINARY
    3080 BROADWAY
    NEW YORK,NY10027     		NONE PC GENERAL 10,000
    CHABAD OF ST PETERSBURG
    4010 PARK STREET NORTH
    St Petersburg,FL337094034     		NONE PC GENERAL 2,000
    REBEL VENTURES
    510 N FRONT ST
    Philadelphia,PA19123     		NONE PC GENERAL 3,000
    CONGREGATION KEHILATH JESHURUN
    125 E 85TH ST
    NEW YORK,NY10028     		NONE PC GENERAL 35,000
    GULF COAST JEWISH FAMILY &
    COMMUNITY SERVICES
    14041 ICOT BOULEVARD
    CLEARWATER,FL33760     		NONE PC GENERAL 35,000
    JEWISH BURIAL SOCIETY OF PINELLAS COUNTY
    2210 PELHAM ROAD NORTH
    Saint Petersburg,FL33710     		NONE PC GENERAL 1,000
    TAMPA BAY JOB-LINKS
    4100 W KENNEDY BLVD
    Tampa,FL33609     		NONE PC GENERAL 15,000
    JOHN BARTRAM ASSOCIATION
    5400 LINDBERGH BLVD
    Philadelphia,PA19143     		NONE PC GENERAL 4,000
    Total .................................bullet 3a 390,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 174,857  
    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 ............     		    18 182,960  
    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)..   357,817  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    357,817
    (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 InvestmentsCorpBondsSchedule
    Name:
    HERMAN FORBES CHAR TR XXXXX1001
    EIN:
    13-6814404
    Name of Bond End of Year Book Value End of Year Fair Market Value
    256210105 DODGE & COX INCOME F 345,789 351,208
    258620103 DOUBLELINE TOTL RET 257,000 245,692
    592905509 METROPOLITAN WEST FD    
    921937603 VANGUARD TOTAL BOND 183,159 185,571
    4812A4351 JPM STRAT INC OPP FD    
    4812A4435 JPM TOTAL RETURN FD    
    4812C0381 JPMORGAN CORE BOND-S    
    4812C0803 JPM HIGH YIELD FD -    
    77956H534 T ROWE PR EMERG MKTS    
    46637K158 JPM TOTAL RETURN FD 435,808 428,894
    47103D850 JANUS HNDRSN HIGH YL 100,000 96,140
    4812C0100 JPM CORE BOND FD - U 448,469 445,282
    4812C0126 JPM HIGH YIELD FD - 78,715 79,887
    693390601 PIMCO SHORT-TERM FD-    
    92203J308 VANGUARD TOTAL INTL 200,000 205,154
    464287440 ISHARES BARCLAYS 7-1 153,153 154,672
    921937827 VANGUARD SHORT-TERM 135,987 136,497

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    HERMAN FORBES CHAR TR XXXXX1001
    EIN:
    13-6814404
    Name of Stock End of Year Book Value End of Year Fair Market Value
    115233579 BROWN ADV JAPAN ALPH    
    230001406 CULLEN HIGH DIVIDEND 140,000 166,931
    256206103 DODGE & COX INTL STO    
    464287465 ISHARES MSCI EAFE IN 220,099 256,002
    464287507 ISHARES CORE S&P MID    
    701769408 PARNASSUS CORE EQUIT 231,033 339,212
    00171A530 AMG MANAGERS PICTET    
    46637K513 JPM GLBL RES ENH IND    
    4812A1654 JPMORGAN TAX AWR EQT    
    4812C0498 JPM EQ INC FD - CL    
    55273E822 MFS INTL VALUE-I    
    78462F103 SPDR S&P 500 ETF TRU 841,619 1,331,328
    82980D707 SIT DIVIDEND GROWTH    
    00171C403 AMG MG PICTET INTL-Z 100,000 104,553
    46432F842 ISHARES CORE MSCI EA 284,020 273,951
    46434G822 ISHARES INC MSCI JAP    
    46636U876 JPM EQUITY INCOME F 73,258 90,948
    48129C207 JPMORGAN GL RES ENH    
    552746349 MFS INTL VALUE-R6 114,054 178,853
    315911727 FIDELITY INTERNATION 199,039 221,592
    315911750 FIDELITY 500 INDEX F 398,080 455,244
    46641Q712 JPMORGAN BETABUILDER 216,706 198,800
    46641Q720 JPMORGAN BETABUILDER 71,531 66,967
    48129C835 JPM TAX AWR EQTY FD 130,048 238,967

    TY 2018 InvestmentsOtherSchedule2
    Name:
    HERMAN FORBES CHAR TR XXXXX1001
    EIN:
    13-6814404
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    277923728 EATON VANCE GLOBAL M      
    03875R205 THE ARBITRAGE FD-I      
    00771X435 CHILTON STRATEGIC EU      
    12628J881 CRM LONG/SHORT OPPOR AT COST 72,500 69,232
    27831R108 EATON VANCE GLOBAL M      
    362014623 GMO SGM MAJOR MARKET AT COST 72,500 72,143
    38145C646 GOLDMAN SACHS STRAT      
    72201U638 PIMCO MTGE OPPORTUNI      
    09257V508 BLACKSTONE ALT MULTI AT COST 130,340 135,808
    74925K466 BOSTON P GL LG/SH EQ AT COST 65,170 66,598

    TY 2018 OtherDecreasesSchedule
    Name:
    HERMAN FORBES CHAR TR XXXXX1001
    EIN:
    13-6814404
    Description Amount
    COST BASIS ADJUSTMENT 384
    SALES BASIS ADJUSTMENTS 2,561
    ROUNDING 197


    TY 2018 OtherExpensesSchedule
    Name:
    HERMAN FORBES CHAR TR XXXXX1001
    EIN:
    13-6814404
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY GENERAL FEE 250 0   250


    TY 2018 TaxesSchedule
    Name:
    HERMAN FORBES CHAR TR XXXXX1001
    EIN:
    13-6814404
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT - PRIOR YE 1,746 0   0
    FEDERAL ESTIMATES - INCOME 3,300 0   0
    FOREIGN TAXES ON QUALIFIED FOR 3,280 3,280   0
    FOREIGN TAXES ON NONQUALIFIED 167 167   0