TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
ZACHARY SMITH REYNOLDS TRUST

Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212

A Employer identification number

52-6021749

B Telephone number (see instructions)

(412) 762-9161

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

$182,482,975J 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...	4,026,273		4,027,331
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		7,805,783
b	Gross sales price for all assets on line 6a 103,695,008
7	Capital gain net income (from Part IV, line 2)...			7,805,783
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).......		158,104	-273,966
12	Total. Add lines 1 through 11........	11,990,160		11,559,148
13	Compensation of officers, directors, trustees, etc.	364,623		291,698		72,925
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)...		445,394	1,276		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).......		80,880	97,884
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	890,897		390,858	0	72,925
25	Contributions, gifts, grants paid.......	9,544,960				9,544,960
26	Total expenses and disbursements. Add lines 24 and 25	10,435,857		390,858	0	9,617,885
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,554,303
b	Net investment income (if negative, enter -0-)			11,168,290
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.........	8,609,063	23,829,852	23,829,852
	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)	5,924,387	8,249,883	8,343,021
	b	Investments—corporate stock (attach schedule).......	18,684,510	15,956,871	16,681,696
	c	Investments—corporate bonds (attach schedule).......	8,553,599	3,025,044	3,055,470
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	133,476,083	122,764,058	127,583,636
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		3,250,000	2,989,300
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	175,247,642	177,075,708	182,482,975
	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........	174,130,167	176,210,106
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	1,117,475	865,602
	30	Total net assets or fund balances (see instructions).....	175,247,642	177,075,708
	31	Total liabilities and net assets/fund balances (see instructions).	175,247,642	177,075,708

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

175,247,642

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

1,554,303

Other increases not included in line 2 (itemize) bullet

286,580

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

177,088,525

Decreases not included in line 2 (itemize) bullet

12,817

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

177,075,708

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	1301.58 FEDERAL HOME LOAN MTG CORP GOLD POOL G08451		2014-07-02	2018-01-02
b	528.15 FEDERAL HOME LOAN MTG CORP GOLD POOL V61611		2017-10-17	2018-01-02
c	1611.97 FEDERAL NATL MTG ASSN POOL AL2610		2014-03-14	2018-01-02
d	927.52 FEDERAL NATL MTG ASSN POOL AL2935		2014-09-12	2018-01-02
e	957.46 FEDERAL NATL MTG ASSN POOL AL3904		2014-05-02	2018-01-02
	1686.98 FEDERAL NATL MTG ASSN POOL AO7627		2012-11-05	2018-01-02
	981.81 FEDERAL NATL MTG ASSN POOL AQ0945		2012-11-20	2018-01-02
	956.39 FEDERAL NATL MTG ASSN POOL AS0765		2014-01-22	2018-01-02
	935.95 FEDERAL NATL MTG ASSN POOL AS5332		2017-09-15	2018-01-02
	816.38 FEDERAL NATL MTG ASSN POOL AS6111		2016-04-15	2018-01-02
	835.71 FEDERAL NATL MTG ASSN POOL AS6311		2016-05-06	2018-01-02
	388.79 FEDERAL NATL MTG ASSN POOL AS7343		2017-06-28	2018-01-02
	237.18 FEDERAL NATL MTG ASSN POOL AT2127		2014-11-14	2018-01-02
	828.83 FEDERAL NATL MTG ASSN POOL AT5900		2014-07-11	2018-01-02
	1097.14 FEDERAL NATL MTG ASSN POOL 932639		2010-12-20	2018-01-02
	615.54 FEDERAL NATL MTG ASSN POOL AB2077		2011-04-15	2018-01-02
	279.06 FEDERAL NATL MTG ASSN POOL AB2275		2011-02-23	2018-01-02
	1261.59 FEDERAL NATL MTG ASSN POOL AB2333		2011-02-23	2018-01-02
	399.42 FEDERAL NATL MTG ASSN POOL AB7859		2013-07-11	2018-01-02
	1157.65 FEDERAL NATL MTG ASSN POOL MA1525		2016-03-09	2018-01-02
	1002.56 FEDERAL NATL MTG ASSN POOL MA2803		2017-10-19	2018-01-02
	1775. SUN CMNTYS INC		2015-12-16	2018-01-02
	24474. VANGUARD LARGE CAP ETF		2011-01-06	2018-01-02
	25000. TOYOTA MOTOR CREDIT CORP SER MTN UNSC		2017-05-11	2018-01-08
	25000. TOYOTA MOTOR CREDIT CORP SER MTN UNSC		2017-01-05	2018-01-08
	19905. VANGUARD LARGE CAP ETF		2011-01-06	2018-01-08
	10512. VANGUARD SMALL CAP ETF		2017-10-03	2018-01-08
	6154. VANGUARD SMALL CAP ETF		2016-01-29	2018-01-08
	30000. SUMITOMO MITSUI FINL GRP SEDOL BZ1H048 ISIN US86562MAU45			2018-01-09
	10000. USA TREASURY NOTES 01.625% DUE 08/31/2022		2017-10-18	2018-01-09
	25000. USA TREASURY NOTES 01.750% DUE 10/31/2020			2018-01-09
	25000. USA TREASURY NOTES 01.625% DUE 08/31/2022			2018-01-10
	45000. USA TREASURY NOTES 01.625% DUE 08/15/2022			2018-01-10
	45000. BANK OF AMERICA CORP SER MTN UNSC		2016-11-10	2018-01-11
	1976.64 FIFTH THIRD AUTO TRUST SERIES 2015 1 CLASS A3		2015-10-28	2018-01-15
	1090.35 HONDA AUTO RECEIVABLES OWNER T SERIES 2016 2 CLASS A3		2016-05-24	2018-01-15
	35000. DEUTSCHE BANK AG SEDOL ISIN US25152R2U64		2015-09-01	2018-01-17
	15000. DEUTSCHE BANK AG SEDOL BZ044G0 ISIN US251541AQ13		2017-05-23	2018-01-17
	3142.041 LAZARD GLOBAL LISTED INFRASTRUCTURE PORTFOLIO		2016-06-07	2018-01-17
	183309.171 LAZARD GLOBAL LISTED INFRASTRUCTURE PORTFOLIO			2018-01-17
	35000. USA TREASURY NOTES 02.000% DUE 02/28/2021		2017-03-24	2018-01-17
	15000. USA TREASURY NOTE 01.625% DUE 12/31/2019		2018-01-12	2018-01-17
	25000. WESTPAC BANKING CORP SEDOL ISIN US961214DK65		2017-02-27	2018-01-17
	25000. USA TREASURY NOTES 02.000% DUE 02/28/2021		2017-03-24	2018-01-18
	2438.38 HONDA AUTO RECEIVABLES OWNER T SERIES 2015 4 CLASS A3		2015-10-14	2018-01-21
	120000. USA TREASURY NOTES 01.750% DUE 03/31/2022		2017-03-24	2018-01-22
	.25 HEICO CORP NEW		2014-12-17	2018-01-23
	125944.584 METROPOLITAN WEST UNCONSTRAINED BOND FUND CLASS I		2016-09-08	2018-01-23
	2701. WEST PHARMACEUTICAL SVCS INC			2018-01-24
	20000. USA TREASURY NOTES 02.500% DUE 02/15/2045			2018-01-29
	10000. USA TREASURY NOTES 03.75% DUE 08/15/2041		2017-12-18	2018-01-30
	5000. USA TREASURY NOTES 01.625% DUE 05/15/2026		2018-01-17	2018-01-30
	1179.47 FEDERAL HOME LOAN MTG CORP GOLD POOL G08451		2014-07-02	2018-01-31
	1304.55 FEDERAL HOME LOAN MTG CORP GOLD POOL V61611		2017-10-17	2018-01-31
	1287.53 FEDERAL NATL MTG ASSN POOL AL2610		2014-03-14	2018-01-31
	1223.8 FEDERAL NATL MTG ASSN POOL AL2935		2014-09-12	2018-01-31
	939.44 FEDERAL NATL MTG ASSN POOL AL3904		2014-05-02	2018-01-31
	569.79 FEDERAL NATL MTG ASSN POOL AO7627		2012-11-05	2018-01-31
	1435.5 FEDERAL NATL MTG ASSN POOL AQ0945		2012-11-20	2018-01-31
	489.76 FEDERAL NATL MTG ASSN POOL AS0765		2014-01-22	2018-01-31
	792.15 FEDERAL NATL MTG ASSN POOL AS5332		2017-09-15	2018-01-31
	641.51 FEDERAL NATL MTG ASSN POOL AS6111		2016-04-15	2018-01-31
	957.24 FEDERAL NATL MTG ASSN POOL AS6311		2016-05-06	2018-01-31
	331.88 FEDERAL NATL MTG ASSN POOL AS7343		2017-06-28	2018-01-31
	385.07 FEDERAL NATL MTG ASSN POOL AT2127		2014-11-14	2018-01-31
	872.2 FEDERAL NATL MTG ASSN POOL AT5900		2014-07-11	2018-01-31
	121.39 FEDERAL NATL MTG ASSN POOL 932639		2010-12-20	2018-01-31
	796.71 FEDERAL NATL MTG ASSN POOL AB2077		2011-04-15	2018-01-31
	3098.66 FEDERAL NATL MTG ASSN POOL AB2275		2011-02-23	2018-01-31
	416.53 FEDERAL NATL MTG ASSN POOL AB2333		2011-02-23	2018-01-31
	1104.89 FEDERAL NATL MTG ASSN POOL AB7859		2013-07-11	2018-01-31
	941.98 FEDERAL NATL MTG ASSN POOL MA1525		2016-03-09	2018-01-31
	1069.48 FEDERAL NATL MTG ASSN POOL MA2803		2017-10-19	2018-01-31
	935.36 GOVT NATL MTG ASSN II POOL MA0463		2013-03-12	2018-01-31
	823.05 GOVT NATL MTG ASSN II POOL MA0625		2013-01-28	2018-01-31
	30000. USA TREASURY NOTE 01.625% DUE 12/31/2019		2018-01-12	2018-01-31
	20000. BEAR STEARNS CO INC SR UNSECURED		2016-10-12	2018-02-01
	15000. USA TREASURY NOTE 04.500% DUE 02/15/2036			2018-02-05
	1473.74 HATTERAS CORE ALTERNATIVES TEI INSTITUTIONAL FUND, L.P.		2010-06-01	2018-02-05
	5000. USA TREASURY NOTE 04.500% DUE 02/15/2036		2017-12-21	2018-02-06
	54310.93 LAZARD GLOBAL LISTED INFRASTRUCTURE PORTFOLIO		2016-06-07	2018-02-14
	35000. USA TREASURY NOTES 02.000% DUE 02/28/2021			2018-02-14
	15000. USA TREASURY NOTES 02.000% DUE 02/28/2021		2017-10-18	2018-02-14
	2015.44 FIFTH THIRD AUTO TRUST SERIES 2015 1 CLASS A3		2015-10-28	2018-02-15
	791. HEICO CORP NEW CL A		2015-03-03	2018-02-15
	1083.11 HONDA AUTO RECEIVABLES OWNER T SERIES 2016 2 CLASS A3		2016-05-24	2018-02-15
	10000. USA TREASURY NOTES 02.125% DUE 09/30/2021		2017-12-18	2018-02-16
	50000. BANK OF AMERICA CREDIT CARD TR SERIES 2015 A2 CLASS A		2015-04-22	2018-02-20
	10000. DUKE ENERGY PROGRESS INC CALL 06/01/2044 @ 100.000 MORT		2014-11-17	2018-02-20
	12447. HONDA AUTO RECEIVABLES OWNER T SERIES 2016 2 CLASS A3		2016-05-24	2018-02-20
	2458.95 HONDA AUTO RECEIVABLES OWNER T SERIES 2015 4 CLASS A3		2015-10-14	2018-02-21
	5000. FORD MOTOR COMPANY CALL 09/08/2026 UNSC		2016-12-05	2018-02-23
	70000. NISSAN AUTO RECEIVABLES OWNER SERIES 2017 B CLASS A3		2017-08-16	2018-02-23
	15000. USA TREASURY NOTES 01.500% DUE 12/31/2018		2018-02-20	2018-02-27
	4816. CALLIDUS SOFTWARE INC			2018-02-28
	812.61 FEDERAL HOME LOAN MTG CORP GOLD POOL G08451		2014-07-02	2018-02-28
	748.92 FEDERAL HOME LOAN MTG CORP GOLD POOL V61611		2017-10-17	2018-02-28
	1232.7 FEDERAL NATL MTG ASSN POOL AL2610		2014-03-14	2018-02-28
	1376.57 FEDERAL NATL MTG ASSN POOL AL2935		2014-09-12	2018-02-28
	836.63 FEDERAL NATL MTG ASSN POOL AL3904		2014-05-02	2018-02-28
	1588.68 FEDERAL NATL MTG ASSN POOL AO7627		2012-11-05	2018-02-28
	1116.02 FEDERAL NATL MTG ASSN POOL AQ0945		2012-11-20	2018-02-28
	713.86 FEDERAL NATL MTG ASSN POOL AS0765		2014-01-22	2018-02-28
	661.63 FEDERAL NATL MTG ASSN POOL AS5332		2017-09-15	2018-02-28
	740.19 FEDERAL NATL MTG ASSN POOL AS6111		2016-04-15	2018-02-28
	707.91 FEDERAL NATL MTG ASSN POOL AS6311		2016-05-06	2018-02-28
	256.13 FEDERAL NATL MTG ASSN POOL AS7343		2017-06-28	2018-02-28
	535.65 FEDERAL NATL MTG ASSN POOL AT2127		2014-11-14	2018-02-28
	764.88 FEDERAL NATL MTG ASSN POOL AT5900		2014-07-11	2018-02-28
	1053.88 FEDERAL NATL MTG ASSN POOL 932639		2010-12-20	2018-02-28
	1275.35 FEDERAL NATL MTG ASSN POOL AB2077		2011-04-15	2018-02-28
	713.24 FEDERAL NATL MTG ASSN POOL AB2275		2011-02-23	2018-02-28
	417.26 FEDERAL NATL MTG ASSN POOL AB2333		2011-02-23	2018-02-28
	282.46 FEDERAL NATL MTG ASSN POOL AB7859		2013-07-11	2018-02-28
	695.26 FEDERAL NATL MTG ASSN POOL MA1525		2016-03-09	2018-02-28
	932.3 FEDERAL NATL MTG ASSN POOL MA2803		2017-10-19	2018-02-28
	324.98 GOVT NATL MTG ASSN II POOL MA0463		2013-03-12	2018-02-28
	799.34 GOVT NATL MTG ASSN II POOL MA0625		2013-01-28	2018-02-28
	15000. NISOURCE FINANCE CORP CALL 02/15/2027 COGT		2017-05-11	2018-02-28
	3370. VANGUARD INDUSTRIALS ETF		2016-12-06	2018-03-02
	3974. VANGUARD INDUSTRIALS ETF		2017-05-23	2018-03-02
	55793. VANGUARD LARGE CAP ETF		2011-01-06	2018-03-02
	25000. ABBOTT LABORATORIES CALL 08/30/2026 @ 100.000 UNSC			2018-03-06
	5000. CONSTELLATION BRANDS INC CALL 11/15/2027 COGT		2018-01-29	2018-03-06
	10000. USA TREASURY NOTES 01.625% DUE 08/15/2022		2017-05-31	2018-03-06
	35487. ISHARES EDGE MSCI USA VALUE FACTOR ETF			2018-03-07
	28022. VANGUARD VALUE ETF		2016-11-15	2018-03-07
	45000. VERIZON COMMUNICATIONS UNSC			2018-03-08
	20000. SCRIPPS NETWORKS INTERAC CALL 03/15/2020 @ 100.000 UNSC			2018-03-12
	15000. SCRIPPS NETWORKS INTERAC CALL 03/15/2020 @ 100.000 UNSC		2015-05-18	2018-03-12
	5931. GENERAL MOTORS CO		2017-10-03	2018-03-13
	3564. ISHARES TR S&P 500 INDEX FD		2018-03-07	2018-03-13
	6181. YUM CHINA HOLDINGS INC -W/I		2017-06-27	2018-03-13
	35000. ASSURANT INC UNSC			2018-03-15
	1813.71 FIFTH THIRD AUTO TRUST SERIES 2015 1 CLASS A3		2015-10-28	2018-03-15
	563. GRAND CANYON EDUCATION INC		2013-11-18	2018-03-15
	35000. HARTFORD FINL SVCS GRP SR NOTES		2016-09-13	2018-03-15
	715. HEICO CORP NEW CL A			2018-03-15
	.03 HONDA AUTO RECEIVABLES OWNER T SERIES 2016 2 CLASS A3		2016-05-24	2018-03-15
	.34 HONDA AUTO RECEIVABLES OWNER T SERIES 2016 2 CLASS A3		2016-05-24	2018-03-15
	400. HUBSPOT INC		2016-08-15	2018-03-15
	487. TYLER TECHNOLOGIES INC			2018-03-15
	15000. USA TREASURY NOTES 02.000% DUE 02/28/2021		2018-01-17	2018-03-16
	8395. JACOBS ENGINEERING GROUP INC			2018-03-20
	1003. MOHAWK INDS INC		2017-10-03	2018-03-20
	3735. UNITED RENTALS INC COM			2018-03-20
	20000. USA TREASURY NOTE 01.625% DUE 12/31/2019		2018-02-23	2018-03-20
	2292.17 HONDA AUTO RECEIVABLES OWNER T SERIES 2015 4 CLASS A3		2015-10-14	2018-03-21
	719. HEICO CORP NEW CL A		2016-02-24	2018-03-27
	151. ROGERS CORP		2018-01-16	2018-03-27
	107. ROGERS CORP		2016-11-17	2018-03-27
	30000. USA TREASURY NOTES 01.500% DUE 12/31/2018		2018-02-20	2018-03-27
	770. APPLE INC		2017-02-15	2018-03-29
	2172. FACEBOOK INC		2016-11-15	2018-03-29
	568.39 FEDERAL HOME LOAN MTG CORP GOLD POOL G08451		2014-07-02	2018-03-31
	542.535 FEDERAL HOME LOAN MTG CORP GOLD POOL V61611		2017-10-17	2018-03-31
	1138.55 FEDERAL NATL MTG ASSN POOL AL2610		2014-03-14	2018-03-31
	1359.959 FEDERAL NATL MTG ASSN POOL AL2935		2014-09-12	2018-03-31
	1106. FEDERAL NATL MTG ASSN POOL AL3904		2014-05-02	2018-03-31
	626.454 FEDERAL NATL MTG ASSN POOL AO7627		2012-11-05	2018-03-31
	1308.37 FEDERAL NATL MTG ASSN POOL AQ0945		2012-11-20	2018-03-31
	814.399 FEDERAL NATL MTG ASSN POOL AS0765		2014-01-22	2018-03-31
	768.638 FEDERAL NATL MTG ASSN POOL AS5332		2017-09-15	2018-03-31
	810.978 FEDERAL NATL MTG ASSN POOL AS6111		2016-04-15	2018-03-31
	753.211 FEDERAL NATL MTG ASSN POOL AS6311		2016-05-06	2018-03-31
	412.717 FEDERAL NATL MTG ASSN POOL AS7343		2017-06-28	2018-03-31
	271.26 FEDERAL NATL MTG ASSN POOL AT2127		2014-11-14	2018-03-31
	710.188 FEDERAL NATL MTG ASSN POOL AT5900		2014-07-11	2018-03-31
	988.125 FEDERAL NATL MTG ASSN POOL 932639		2010-12-20	2018-03-31
	630.07 FEDERAL NATL MTG ASSN POOL AB2077		2011-04-15	2018-03-31
	237.032 FEDERAL NATL MTG ASSN POOL AB2275		2011-02-23	2018-03-31
	1125.629 FEDERAL NATL MTG ASSN POOL AB2333		2011-02-23	2018-03-31
	1624.222 FEDERAL NATL MTG ASSN POOL AB7859		2013-07-11	2018-03-31
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	40176.113 FEDERAL NATL MTG ASSN POOL AL3904		2014-05-02	2018-04-06
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	47290.996 FEDERAL NATL MTG ASSN POOL AS7343		2017-06-28	2018-04-06
	44432.902 FEDERAL NATL MTG ASSN POOL AT2127		2014-11-14	2018-04-06
	44685.682 FEDERAL NATL MTG ASSN POOL 932639		2010-12-20	2018-04-06
	79615.821 FEDERAL NATL MTG ASSN POOL AB2077		2011-04-15	2018-04-06
	94666.482 FEDERAL NATL MTG ASSN POOL AB2275		2011-02-23	2018-04-06
	72821.406 FEDERAL NATL MTG ASSN POOL AB2333		2011-02-23	2018-04-06
	72557.628 FEDERAL NATL MTG ASSN POOL MA1525		2016-03-09	2018-04-06
	89364.29 FEDERAL NATL MTG ASSN POOL MA2803		2017-10-19	2018-04-06
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	65000. USA TREASURY NOTES 02.500% DUE 02/15/2045			2018-04-06
	40000. USA TREASURY NOTES 02.500% DUE 02/15/2045			2018-04-06
	35000. USA TREASURY NOTES 02.000% DUE 02/28/2021		2018-01-17	2018-04-06
	50000. USA TREASURY NOTE 01.625% DUE 12/31/2019		2018-02-23	2018-04-06
	145000. USA TREASURY NOTES 02.250% DUE 11/15/2025			2018-04-06
	5000. USA TREASURY NOTES 02.250% DUE 11/15/2025		2018-02-23	2018-04-06
	455000. USA TREASURY NOTES 01.625% DUE 08/15/2022			2018-04-06
	65000. USA TREASURY NOTES 02.375% DUE 05/15/2027		2018-03-28	2018-04-06
	1. CROCS INC		2001-01-01	2018-04-27
	3368. BRISTOL MYERS SQUIBB CO		2017-08-31	2018-05-03
	630. TEXAS ROADHOUSE INC		2013-11-18	2018-05-04
	254662.493 SEAFARER OVERSEAS GROWTH & INCOME INSTL CLASS			2018-05-15
	861. CATHAY GENERAL BANCORP		2016-06-07	2018-05-18
	526. CATHAY GENERAL BANCORP		2017-12-19	2018-05-18
	378. GRAND CANYON EDUCATION INC			2018-05-18
	781. PROASSURANCE CORPORATION		2013-11-18	2018-05-18
	21927. VANGUARD FINANCIALS ETF			2018-05-30
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	639. FIVE BELOW		2015-08-10	2018-06-08
	39912. VANGUARD FTSE EMERGING MARKETS ETF		2018-01-17	2018-06-11
	140697.301 COHEN & STEERS PREFERRED SECURITIES AND INCOME FUND CL I			2018-06-19
	279890.387 COHEN & STEERS PREFERRED SECURITIES AND INCOME FUND CL I			2018-06-19
	136473. XTRACKERS MSCI EUROPE HEDGED ETF		2017-09-27	2018-06-19
	1700. LOCKHEED MARTIN CORP			2018-06-26
	2895. RAYTHEON COMPANY			2018-06-26
	41242. SPDR METALS & MINING ETF		2018-01-02	2018-06-26
	208. ICU MED INC		2013-11-18	2018-06-28
	816.885 HATTERAS CORE ALTERNATIVES TEI INSTITUTIONAL FUND, L.P.		2010-06-01	2018-06-30
	1. BARRICK GOLD XXX-XX-XXXX		2001-01-01	2018-07-18
	1. OMNIVISION TECHNOLOGIES INC. XXX-XX-XXXX		2001-01-01	2018-07-20
	1. BARRETT BUSINESS SERVICES XXX-XX-XXXX		2001-01-01	2018-07-20
	702. LOGMEIN INC			2018-07-30
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	1. ST JUDE MEDICAL XXX-XX-XXXX		2001-01-01	2018-08-07
	1. BANK OF NEW YORK MELLON CORPORATION SECURITIES		2001-01-01	2018-08-14
	97696. XTRACKERS MSCI EUROPE HEDGED ETF		2015-07-14	2018-08-15
	38777. XTRACKERS MSCI EUROPE HEDGED ETF		2017-09-27	2018-08-15
	25609. SPDR S&P HOMEBUILDERS ETF			2018-08-15
	654. NETAPP INC		2017-05-03	2018-08-21
	1034. NETAPP INC			2018-08-21
	1681. LOGMEIN INC		2014-09-15	2018-08-22
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	794. COTIVITI HOLDINGS INC MERGED 08/27/18 @ $44.75 P/S		2018-04-05	2018-08-27
	25927. ISHARES INC MSCI JAPAN ETF			2018-09-05
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	27676. SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES		2018-01-23	2018-09-05
	1. LEHMAN BROTHERS HLDGS INC		2001-01-01	2018-09-07
	12568. BANK OF AMERICA CORP		2017-08-31	2018-09-18
	3919. CITIGROUP INC		2017-06-27	2018-09-18
	4277. ISHARES EDGE MSCI USA MOMENTUM FACTOR ETF		2018-05-15	2018-09-18
	976. NORTHROP GRUMMAN CORPORATION		2017-06-27	2018-09-18
	877. NORTHROP GRUMMAN CORPORATION		2017-09-27	2018-09-18
	9357. SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES			2018-09-18
	2846. STATE STR CORP COM		2017-06-27	2018-09-18
	7059. VANGUARD FINANCIALS ETF		2017-06-27	2018-09-18
	436. HUBSPOT INC			2018-09-19
	702. SYSMEX CORP UNSPONSORED ADR		2018-09-06	2018-09-19
	942. EDUCATION REALTY TRUST INC MERGED 09/20/18 @ $41.50 P/S		2017-12-19	2018-09-21
	3651. EDUCATION REALTY TRUST INC MERGED 09/20/18 @ $41.50 P/S			2018-09-21
	20385. SPDR S&P HOMEBUILDERS ETF			2018-09-26
	793.805 HATTERAS CORE ALTERNATIVES TEI INSTITUTIONAL FUND, L.P.		2010-06-01	2018-09-30
	2409. ANDEAVOR MERGED 10/01/19 @ $19.799044		2017-10-03	2018-10-04
	.085 MARATHON PETROLEUM CORP		2017-10-03	2018-10-05
	19916. SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES		2017-06-27	2018-10-12
	10652. SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES		2017-11-14	2018-10-12
	1862. KAPSTONE PAPER & PACKAGING MERGED 11/02/2018 @ $35.00 P/S		2014-04-22	2018-10-15
	18123. ISHARES EDGE MSCI USA MOMENTUM FACTOR ETF			2018-10-19
	13157. SPDR S&P SEMICONDUCTOR ETF ETF		2018-03-13	2018-10-19
	142653.352 AQR LONG-SHORT EQUITY-I		2018-04-10	2018-10-25
	45362. SPDR S&P REGIONAL BANKING ETF			2018-10-25
	721. UNITED BANKSHARES INC WEST V COM		2016-12-22	2018-10-26
	2475. HIBBETT SPORTS INC			2018-11-01
	400. DASSAULT SYSTEMS SA SPON ADR		2018-08-20	2018-11-12
	667. WPP PLC ADR			2018-11-12
	1096. DAITO TRUST CONS-SPN ADR ADR SEDOL BHBXYK4			2018-11-13
	79393. SPDR S&P OIL GAS EXPLORATION & PRODUCTION			2018-11-13
	120914. SPDR OIL & GAS EQUIPMENT & SERVICES ETF			2018-11-13
	85416. SPDR BLOOMBERG BARCLAYS REV SPLIT 05/06/2019			2018-11-20
	1000000. CITIGROUP AMLP NOTE PHOENIX AUTOCALL 12.410% COUPON		2018-07-24	2018-11-29
	3500000. USA TREASURY BILLS DTD 05/31/2018 DUE 11/29/2018		2000-12-31	2018-11-29
	.5 ITAU UNIBANCO BANCO HOLDING SPONSERED ADR		2018-08-20	2018-11-30
	1. AVON PRODUCTS, INC SECURITIES LITIGATION XXX-XX-XXXX		2001-01-01	2018-11-30
	1194. HEALTH CARE SERVICES GROUP INC			2018-12-07
	16253. AES CORP			2018-12-11
	3393. ABBOTT LABORATORIES INC			2018-12-11
	2782. AGILENT TECHNOLOGIES (IPO)			2018-12-11
	773. ALBEMARLE CORP		2018-08-21	2018-12-11
	1322. ALBEMARLE CORP			2018-12-11
	2912. BAXTER INTERNATIONAL INC			2018-12-11
	3488. BORG WARNER INC.			2018-12-11
	5453. CISCO SYS INC COM			2018-12-11
	6003. CORNING INC			2018-12-11
	2101. DANAHER CORP			2018-12-11
	4086. FRANKLIN RES INC COM			2018-12-11
	2221. GILEAD SCIENCES INC COM			2018-12-11
	9023. HP INC			2018-12-11
	7673. HANESBRANDS INC - W/I			2018-12-11
	4031. HESS CORPORATION			2018-12-11
	12311. HEWLETT PACKARD ENTERPRISE CO			2018-12-11
	1247. INTERNATIONAL BUSINESS MACHS CORP			2018-12-11
	11615. MATTEL INC			2018-12-11
	2832. MERCK & CO INC			2018-12-11
	5211. NATIONAL OIL-WELL INC COM			2018-12-11
	2430. NETAPP INC			2018-12-11
	5076. PFIZER INC COM			2018-12-11
	2045. RALPH LAUREN CORP			2018-12-11
	2167. WESTERN DIGITAL CORP			2018-12-11
	2317. WESTERN DIGITAL CORP		2018-10-30	2018-12-11
	9421. WESTERN UNION CO - W/I			2018-12-11
	5526. XEROX CORPORATION MERGED 08/01/2019			2018-12-11
	3304. AIR LIQUIDE ADR			2018-12-13
	1445. BBA AVIATION PLC-UNSPON ADR ADR SEDOL B2RB0W1			2018-12-13
	1136. CSL LTD-SPONSORED ADR ADR SEDOL BN5TD14			2018-12-13
	335. BLACKBAUD INC		2014-05-20	2018-12-27
	353. EXLSERVICE HOLDINGS INC		2017-06-30	2018-12-27
	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	1,302	1,400	-98
b	528	543	-15
c	1,612	1,623	-11
d	928	947	-19
e	957	998	-41
	1,687	1,756	-69
	982	1,025	-43
	956	995	-39
	936	989	-53
	816	873	-57
	836	876	-40
	389	391	-2
	237	238	-1
	829	819	10
	1,097	1,146	-49
	616	608	8
	279	283	-4
	1,262	1,239	23
	399	400	-1
	1,158	1,207	-49
	1,003	1,008	-5
	162,625	121,367	41,258
	3,016,121	1,427,304	1,588,817
	25,041	25,141	-100
	25,041	25,061	-20
	2,500,297	1,160,844	1,339,453
	1,573,410	1,498,457	74,953
	921,116	622,853	298,263
	29,687	30,042	-355
	9,704	9,833	-129
	24,794	25,027	-233
	24,245	24,547	-302
	43,694	44,760	-1,066
	45,000	45,000
	1,977	1,976	1
	1,090	1,090
	34,936	35,035	-99
	15,494	15,474	20
	50,555	43,329	7,226
	2,949,445	2,996,679	-47,234
	34,795	35,239	-444
	14,878	14,889	-11
	24,997	24,979	18
	24,850	25,170	-320
	2,438	2,438
	117,009	118,795	-1,786
	19	9	10
	1,500,000	1,497,481	2,519
	269,733	73,305	196,428
	18,355	18,453	-98
	11,437	11,903	-466
	4,605	4,657	-52
	1,179	1,268	-89
	1,305	1,341	-36
	1,288	1,296	-8
	1,224	1,249	-25
	939	979	-40
	570	593	-23
	1,436	1,498	-62
	490	509	-19
	792	837	-45
	642	686	-44
	957	1,004	-47
	332	334	-2
	385	386	-1
	872	862	10
	121	127	-6
	797	787	10
	3,099	3,146	-47
	417	409	8
	1,105	1,108	-3
	942	982	-40
	1,069	1,075	-6
	935	1,000	-65
	823	876	-53
	29,712	29,779	-67
	20,000	20,000
	18,493	19,021	-528
	167,800	128,893	38,907
	6,138	6,336	-198
	800,000	748,948	51,052
	34,576	35,232	-656
	14,819	15,098	-279
	2,015	2,015
	50,920	23,761	27,159
	1,083	1,083
	9,870	10,019	-149
	49,955	49,994	-39
	10,213	9,966	247
	12,379	12,447	-68
	2,459	2,459
	4,934	5,000	-66
	68,928	69,996	-1,068
	14,933	14,931	2
	172,506	86,615	85,891
	813	874	-61
	749	770	-21
	1,233	1,241	-8
	1,377	1,405	-28
	837	872	-35
	1,589	1,653	-64
	1,116	1,165	-49
	714	742	-28
	662	699	-37
	740	791	-51
	708	742	-34
	256	258	-2
	536	537	-1
	765	756	9
	1,054	1,100	-46
	1,275	1,259	16
	713	724	-11
	417	410	7
	282	283	-1
	695	725	-30
	932	937	-5
	325	348	-23
	799	851	-52
	14,688	14,998	-310
	471,057	403,289	67,768
	555,484	501,538	53,946
	6,889,188	3,253,803	3,635,385
	24,764	24,823	-59
	4,850	4,990	-140
	9,598	9,913	-315
	2,986,386	2,974,350	12,036
	2,970,353	2,520,013	450,340
	45,123	45,155	-32
	19,835	20,037	-202
	14,876	14,949	-73
	226,944	257,220	-30,276
	1,000,398	971,996	28,402
	257,576	247,136	10,440
	35,000	34,955	45
	1,814	1,813	1
	59,665	25,647	34,018
	35,000	35,000
	50,472	19,490	30,982


	47,105	23,812	23,293
	101,197	34,194	67,003
	14,811	14,922	-111
	505,797	497,505	8,292
	245,971	250,401	-4,430
	695,799	513,663	182,136
	19,759	19,780	-21
	2,292	2,292
	51,998	18,901	33,097
	18,856	26,407	-7,551
	13,362	7,543	5,819
	29,870	29,863	7
	128,910	104,358	24,552
	335,082	255,232	79,850
	568	611	-43
	543	558	-15
	1,139	1,146	-7
	1,360	1,388	-28
	1,106	1,152	-46
	626	652	-26
	1,308	1,365	-57
	814	847	-33
	769	812	-43
	811	867	-56
	753	790	-37
	413	415	-2
	271	272	-1
	710	702	8
	988	1,031	-43
	630	622	8
	237	241	-4
	1,126	1,106	20
	1,624	1,629	-5
	958	998	-40
	924	929	-5
	710	759	-49
	682	726	-44
	178,635	134,801	43,834
	29,541	29,991	-450
	14,850	14,998	-148
	44,170	44,997	-827
	28,264	14,455	13,809
	83,395	34,813	48,582
	24,688	24,996	-308
	24,465	24,997	-532
	3,613,916	3,500,000	113,916
	24,079	24,591	-512
	15,073	14,996	77
	14,627	14,974	-347
	14,891	14,867	24
	33,873	34,899	-1,026
	24,359	24,980	-621
	19,543	19,973	-430
	9,744	9,979	-235
	18,693	19,866	-1,173
	34,803	34,632	171
	15,787	15,877	-90
	21,049	22,063	-1,014
	24,510	22,540	1,970
	14,370	14,997	-627
	25,040	24,973	67
	19,611	19,963	-352
	10,100	10,543	-443
	40,398	39,971	427
	9,435	10,000	-565
	19,852	19,898	-46
	21,461	19,889	1,572
	14,514	14,810	-296
	10,012	9,948	64
	15,018	15,346	-328
	30,168	29,633	535
	39,409	39,937	-528
	36,237	36,795	-558
	19,844	20,000	-156
	22,087	25,023	-2,936
	6,521	6,451	70
	19,492	19,988	-496
	14,347	15,022	-675
	15,414	14,943	471
	14,818	14,818
	56,641	57,842	-1,201
	64,116	66,707	-2,591
	73,673	75,284	-1,611
	63,351	65,761	-2,410
	37,502	38,236	-734
	33,416	34,806	-1,390
	76,222	76,787	-565
	118,897	118,126	771
	19,259	19,908	-649
	9,358	9,958	-600
	13,901	14,760	-859
	11,426	11,378	48
	4,948	4,997	-49
	19,353	19,979	-626
	29,334	29,993	-659
	24,037	24,943	-906
	43,998	45,033	-1,035
	33,924	35,635	-1,711
	24,624	24,886	-262
	15,733	15,399	334
	30,837	30,067	770
	18,058	15,867	2,191
	14,928	14,751	177
	9,429	9,730	-301
	19,662	19,782	-120
	14,591	14,189	402
	19,012	19,825	-813
	30,281	31,419	-1,138
	39,153	39,989	-836
	14,676	14,856	-180
	15,581	15,638	-57
	23,907	24,937	-1,030
	10,438	10,393	45
	15,678	14,812	866
	14,837	14,970	-133
	9,634	9,985	-351
	14,323	15,000	-677
	14,358	14,966	-608
	19,837	19,987	-150
	9,553	9,930	-377
	24,296	25,044	-748
	68,769	70,000	-1,231
	4,934	4,989	-55
	14,552	13,399	1,153
	14,408	14,390	18
	42,848	42,443	405
	15,872	14,980	892
	18,781	14,922	3,859
	34,828	36,771	-1,943
	34,567	34,976	-409
	10,637	9,940	697
	14,806	14,981	-175
	9,596	9,994	-398
	14,962	14,186	776
	24,941	25,106	-165
	34,478	34,998	-520
	14,093	14,667	-574
	4,821	4,985	-164
	30,742	29,922	820
	14,834	14,984	-150
	9,987	9,997	-10
	10,110	9,786	324
	25,275	26,230	-955
	34,862	34,916	-54
	30,453	30,730	-277
	25,923	25,998	-75
	19,823	19,983	-160
	23,923	24,949	-1,026
	19,565	19,367	198
	14,833	15,000	-167
	19,812	20,695	-883
	14,820	14,995	-175
	44,541	44,966	-425
	24,646	24,305	341
	24,337	25,111	-774
	21,103	21,123	-20
	22,310	24,830	-2,520
	42,202	42,649	-447
	16,440	14,250	2,190
	25,375	25,600	-225
	14,609	15,050	-441
	63,887	64,769	-882
	14,528	14,938	-410
	19,683	20,013	-330
	28,708	28,514	194
	9,433	10,019	-586
	8,547	9,431	-884
	20,193	24,086	-3,893
	34,760	34,957	-197
	24,676	24,966	-290
	34,231	34,980	-749
	46,608	46,716	-108
	167,951	31,524	136,427
	145,803	150,475	-4,672
	134,588	125,202	9,386
	14,941	14,931	10
	54,267	54,613	-346
	162,802	165,245	-2,443
	18,280	18,628	-348
	19,833	20,244	-411
	79,331	80,166	-835
	172,129	172,348	-219
	101,718	101,484	234
	14,039	14,900	-861
	14,740	15,000	-260
	39,963	40,048	-85
	14,358	14,983	-625
	24,905	25,010	-105
	24,946	24,677	269
	82,410	84,489	-2,079
	63,333	65,161	-1,828
	91,134	92,545	-1,411
	40,942	41,843	-901
	80,258	85,858	-5,600
	56,945	58,510	-1,565
	82,342	86,098	-3,756
	46,079	47,556	-1,477
	43,336	44,559	-1,223
	47,814	46,644	1,170
	81,855	78,602	3,253
	99,518	96,100	3,418
	75,006	71,530	3,476
	72,898	75,632	-2,734
	87,549	89,843	-2,294
	19,605	19,999	-394
	14,673	14,819	-146
	19,821	19,999	-178
	14,571	14,998	-427
	50,427	52,516	-2,089
	54,737	57,884	-3,147
	24,578	24,994	-416
	18,845	18,966	-121
	78,813	79,994	-1,181
	19,656	19,997	-341
	24,527	20,397	4,130
	34,433	35,386	-953
	110,116	111,590	-1,474
	58,434	57,179	1,255
	35,959	35,626	333
	34,590	34,818	-228
	49,451	49,451
	139,931	142,309	-2,378
	4,825	4,794	31
	437,475	444,622	-7,147
	62,786	62,908	-122
	37	25	12
	173,113	202,204	-29,091
	38,923	17,309	21,614
	3,318,252	3,000,000	318,252
	36,183	26,777	9,406
	22,105	23,133	-1,028
	41,662	17,184	24,478
	31,016	36,678	-5,662
	1,516,517	1,371,606	144,911
	74,158	60,241	13,917
	64,917	23,907	41,010
	1,799,633	1,944,660	-145,027
	1,910,669	2,000,000	-89,331
	3,800,911	3,900,000	-99,089
	3,929,007	3,840,760	88,247
	506,560	499,999	6,561
	561,342	500,592	60,750
	1,467,969	1,537,044	-69,075
	59,440	12,942	46,498
	95,330	71,445	23,885
	75		75
	290	25	265
	390	25	365
	56,103	35,034	21,069
	1,000,000	1,000,000
	1,135	25	1,110
	244		244
	2,762,201	2,728,073	34,128
	1,096,359	1,091,301	5,058
	994,897	1,134,777	-139,880
	53,207	26,131	27,076
	84,122	45,796	38,326
	132,628	77,941	54,687
	172,422	137,276	35,146
	35,532	27,284	8,248
	1,475,097	1,503,615	-28,518
	1,600,000	1,608,024	-8,024
	1,489,503	1,467,382	22,121
	242	25	217
	380,428	300,624	79,804
	278,368	253,504	24,864
	504,380	471,881	32,499
	307,213	250,366	56,847
	276,051	251,029	25,022
	501,251	483,801	17,450
	243,924	251,790	-7,866
	499,815	437,381	62,434
	65,183	25,649	39,534
	30,903	30,418	485
	39,093	34,617	4,476
	151,517	123,873	27,644
	801,834	870,018	-68,184
	96,503	69,426	27,077
	47,696		47,696
	7	5	2
	1,015,304	999,154	16,150
	543,032	549,643	-6,611
	60,680	48,621	12,059
	1,975,323	1,956,221	19,102
	893,487	993,329	-99,842
	1,684,736	2,000,000	-315,264
	2,357,305	2,722,786	-365,481
	22,920	33,755	-10,835
	43,108	103,848	-60,740
	49,011	62,001	-12,990
	36,588	53,644	-17,056
	36,301	40,738	-4,437
	2,744,771	3,044,497	-299,726
	1,518,382	2,144,603	-626,221
	2,940,852	3,141,749	-200,897
	846,100	1,000,000	-153,900
	3,485,483	3,485,483
	5	4	1
	1,593	25	1,568
	49,629	33,140	16,489
	255,515	182,875	72,640
	242,512	163,752	78,760
	197,008	183,290	13,718
	69,140	73,186	-4,046
	118,244	178,154	-59,910
	191,358	173,347	18,011
	121,730	156,076	-34,346
	255,610	181,857	73,753
	189,988	175,521	14,467
	211,996	177,984	34,012
	128,523	175,142	-46,619
	149,740	165,079	-15,339
	203,039	174,669	28,370
	113,583	171,759	-58,176
	209,207	179,198	30,009
	178,281	174,982	3,299
	150,389	187,314	-36,925
	147,441	201,239	-53,798
	217,433	180,701	36,732
	146,683	174,759	-28,076
	154,624	95,620	59,004
	222,163	174,511	47,652
	214,076	173,261	40,815
	89,233	188,688	-99,455
	95,410	95,901	-491
	172,031	180,511	-8,480
	137,044	168,006	-30,962
	80,049	81,263	-1,214
	19,570	29,006	-9,436
	74,389	90,429	-16,040
	20,281	11,234	9,047
	17,650	19,820	-2,170
			373,092

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			-98
b			-15
c			-11
d			-19
e			-41
			-69
			-43
			-39
			-53
			-57
			-40
			-2
			-1
			10
			-49
			8
			-4
			23
			-1
			-49
			-5
			41,258
			1,588,817
			-100
			-20
			1,339,453
			74,953
			298,263
			-355
			-129
			-233
			-302
			-1,066

			1

			-99
			20
			7,226
			-47,234
			-444
			-11
			18
			-320

			-1,786
			10
			2,519
			196,428
			-98
			-466
			-52
			-89
			-36
			-8
			-25
			-40
			-23
			-62
			-19
			-45
			-44
			-47
			-2
			-1
			10
			-6
			10
			-47
			8
			-3
			-40
			-6
			-65
			-53
			-67

			-528
			38,907
			-198
			51,052
			-656
			-279

			27,159

			-149
			-39
			247
			-68

			-66
			-1,068
			2
			85,891
			-61
			-21
			-8
			-28
			-35
			-64
			-49
			-28
			-37
			-51
			-34
			-2
			-1
			9
			-46
			16
			-11
			7
			-1
			-30
			-5
			-23
			-52
			-310
			67,768
			53,946
			3,635,385
			-59
			-140
			-315
			12,036
			450,340
			-32
			-202
			-73
			-30,276
			28,402
			10,440
			45
			1
			34,018

			30,982


			23,293
			67,003
			-111
			8,292
			-4,430
			182,136
			-21

			33,097
			-7,551
			5,819
			7
			24,552
			79,850
			-43
			-15
			-7
			-28
			-46
			-26
			-57
			-33
			-43
			-56
			-37
			-2
			-1
			8
			-43
			8
			-4
			20
			-5
			-40
			-5
			-49
			-44
			43,834
			-450
			-148
			-827
			13,809
			48,582
			-308
			-532
			113,916
			-512
			77
			-347
			24
			-1,026
			-621
			-430
			-235
			-1,173
			171
			-90
			-1,014
			1,970
			-627
			67
			-352
			-443
			427
			-565
			-46
			1,572
			-296
			64
			-328
			535
			-528
			-558
			-156
			-2,936
			70
			-496
			-675
			471

			-1,201
			-2,591
			-1,611
			-2,410
			-734
			-1,390
			-565
			771
			-649
			-600
			-859
			48
			-49
			-626
			-659
			-906
			-1,035
			-1,711
			-262
			334
			770
			2,191
			177
			-301
			-120
			402
			-813
			-1,138
			-836
			-180
			-57
			-1,030
			45
			866
			-133
			-351
			-677
			-608
			-150
			-377
			-748
			-1,231
			-55
			1,153
			18
			405
			892
			3,859
			-1,943
			-409
			697
			-175
			-398
			776
			-165
			-520
			-574
			-164
			820
			-150
			-10
			324
			-955
			-54
			-277
			-75
			-160
			-1,026
			198
			-167
			-883
			-175
			-425
			341
			-774
			-20
			-2,520
			-447
			2,190
			-225
			-441
			-882
			-410
			-330
			194
			-586
			-884
			-3,893
			-197
			-290
			-749
			-108
			136,427
			-4,672
			9,386
			10
			-346
			-2,443
			-348
			-411
			-835
			-219
			234
			-861
			-260
			-85
			-625
			-105
			269
			-2,079
			-1,828
			-1,411
			-901
			-5,600
			-1,565
			-3,756
			-1,477
			-1,223
			1,170
			3,253
			3,418
			3,476
			-2,734
			-2,294
			-394
			-146
			-178
			-427
			-2,089
			-3,147
			-416
			-121
			-1,181
			-341
			4,130
			-953
			-1,474
			1,255
			333
			-228

			-2,378
			31
			-7,147
			-122
			12
			-29,091
			21,614
			318,252
			9,406
			-1,028
			24,478
			-5,662
			144,911
			13,917
			41,010
			-145,027
			-89,331
			-99,089
			88,247
			6,561
			60,750
			-69,075
			46,498
			23,885
			75
			265
			365
			21,069

			1,110
			244
			34,128
			5,058
			-139,880
			27,076
			38,326
			54,687
			35,146
			8,248
			-28,518
			-8,024
			22,121
			217
			79,804
			24,864
			32,499
			56,847
			25,022
			17,450
			-7,866
			62,434
			39,534
			485
			4,476
			27,644
			-68,184
			27,077
			47,696
			2
			16,150
			-6,611
			12,059
			19,102
			-99,842
			-315,264
			-365,481
			-10,835
			-60,740
			-12,990
			-17,056
			-4,437
			-299,726
			-626,221
			-200,897
			-153,900

			1
			1,568
			16,489
			72,640
			78,760
			13,718
			-4,046
			-59,910
			18,011
			-34,346
			73,753
			14,467
			34,012
			-46,619
			-15,339
			28,370
			-58,176
			30,009
			3,299
			-36,925
			-53,798
			36,732
			-28,076
			59,004
			47,652
			40,815
			-99,455
			-491
			-8,480
			-30,962
			-1,214
			-9,436
			-16,040
			9,047
			-2,170

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	7,805,783
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	9,091,726	196,791,691	0.0462
2016	9,437,697	183,303,857	0.051487
2015	9,257,485	191,670,717	0.048299
2014	9,000,506	198,313,188	0.045385
2013	8,733,963	185,161,964	0.047169

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

0.23854

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 ......

0.047708

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

201,544,984

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

9,615,308

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

111,683

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

9,726,991

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

9,617,885

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	223,366
	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	223,366
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	223,366
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	315,200
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	315,200
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	91,834
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax91,834	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)

MD, NC

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

Telephone no. bullet

(412) 762-9161

Located at bullet

116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4 bullet

15212

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
PNC BANK N A	TRUSTEE 40	364,623
116 ALLEGHENY CENTER MALL PITTSBURGH,PA15212	TRUSTEE 40	364,623

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

204,614,197

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

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

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

204,614,197

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

204,614,197

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

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

3,069,213

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

201,544,984

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

10,077,249

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

10,077,249

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

223,366

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

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

223,366

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

9,853,883

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

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

9,853,883

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

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

9,853,883

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 ..........

9,617,885

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

9,617,885

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

9,617,885

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					9,853,883
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				9,544,960
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 9,617,885
a Applied to 2017, but not more than line 2a				9,544,960
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.....					72,925
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					9,780,958
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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2018)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Z SMITH REYNOLDS FOUNDATION 102 W THIRD STREET WINSTONSALEM,NC27101	NONE	PC	GENERAL SUPPORT	9,544,960
Total ................................. 3a				9,544,960

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	4,026,273
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	7,805,783
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aBCE INC ISIN CA055			14	5,281
bCANADIAN NATURAL R			14	436
cPOTASH CORP SASK I			14	1,127
dSUNCOR ENERGY INC			14	103
eFEDERAL TAX REFUND			14	151,157
12 Subtotal. Add columns (b), (d), and (e)..				11,990,160

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

11,990,160

(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

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MUTUAL FUNDS - FIXED	AT COST	8,387,505	8,061,252
MUTUAL FUNDS - EQUITY	AT COST	109,140,270	117,423,887
LIMITED PARTNERSHIPS	AT COST	5,236,283	2,098,497

Description	Amount
POSTED CURR YEAR FOR PRIOR YEAR	4,827
COST ADJ FOR AMORTIZATION	7,990

Description	Revenue and Expenses per Books	Net Investment Income
MAP MANAGEMENT FEES	76,672	76,672
ADR SERVICE FEES	4,208	4,208
PARTNERSHIP - EXPENSE		17,004

Category	Amount	Net Investment Income
FOREIGN TAXES	1,276	1,276
FEDERAL TAX PAYMENT - PRIOR YE	128,918	0
FEDERAL ESTIMATES - PRINCIPAL	315,200	0

Description	Revenue And Expenses Per Books	Net Investment Income
BCE INC ISIN CA05534B7604 SEDOL B188TH2	5,281	5,281
CANADIAN NATURAL RESOURCES SEDOL 2171573	436	436
POTASH CORP SASK INC LESS EXCHANGE RATE	1,127	1,127
SUNCOR ENERGY INC ISIN CA8672241079 SEDO	103	103
FEDERAL TAX REFUND FROM PRIOR YEAR	151,157	0
OTHER REVENUE		-280,913