Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Horst Rechelbacher Foundation
 
% James Greupner
Number and street (or P.O. box number if mail is not delivered to street address)100 Washington Avenue s 1300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55401
A Employer identification number

41-1956679
B Telephone number (see instructions)

(612) 337-6100
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$25,342,107J 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) 17,406,078
2 Check bullet.............
3 Interest on savings and temporary cash investments 62,901 62,901  
4 Dividends and interest from securities... 639,211 495,014  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,513
b Gross sales price for all assets on line 6a 99,744
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 18,106,677 557,915  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 325,936     325,936
15 Pension plans, employee benefits....... 38,418     38,418
16a Legal fees (attach schedule)......... Click to see attachment 42,003 0 0 42,003
b Accounting fees (attach schedule)....... Click to see attachment 8,400 0 0 8,400
c Other professional fees (attach schedule).... Click to see attachment 129,354 54,913   74,441
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 65,635 62,212   3,423
19 Depreciation (attach schedule) and depletion... Click to see attachment 55,680 54,887 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8,673     8,673
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 453,836 371,788   82,048
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,127,935 543,800 0 583,342
25 Contributions, gifts, grants paid....... 474,334 474,334
26 Total expenses and disbursements. Add lines 24 and 25 1,602,269 543,800 0 1,057,676
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 16,504,408
b Net investment income (if negative, enter -0-) 14,115
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,571,552 6,819,296 6,819,296
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   3,486    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,158,245 Click to see attachment7,249,452 7,168,591
b Investments—corporate stock (attach schedule)....... 316,965 Click to see attachment316,965 291,190
c Investments—corporate bonds (attach schedule)....... 4,683,773 Click to see attachment7,269,072 6,811,989
11 Investments—land, buildings, and equipment: basis bullet4,123,357
Less: accumulated depreciation (attach schedule) bullet72,288 1,468,731 Click to see attachment4,051,069 4,113,693
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet138,544
Less: accumulated depreciation (attach schedule) bullet1,196 136,042 Click to see attachment137,348 137,348
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,338,794 25,843,202 25,342,107
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 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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 9,338,794 25,843,202
30 Total net assets or fund balances (see instructions)..... 9,338,794 25,843,202
31 Total liabilities and net assets/fund balances (see instructions). 9,338,794 25,843,202
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
9,338,794
2
Enter amount from Part I, line 27a .....................
2
16,504,408
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
25,843,202
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
25,843,202
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 99,744   101,257 -1,513
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,513
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,513
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 780,189 8,890,607 0.087754
2016 171,156 8,816,358 0.019413
2015 121,857 4,216,003 0.028903
2014 1,018,318 348,414 2.922724
2013 665,136 242,794 2.739508
2
Total of line 1, column (d) .....................
2
5.798302
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
1.15966
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
22,868,774
5
Multiply line 4 by line 3......................
5
26,520,002
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
141
7
Add lines 5 and 6........................
7
26,520,143
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,057,676
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 1 282
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  
3 Add lines 1 and 2........................... 3 282
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 282
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 381
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,136
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,517
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 1,235
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet300 RefundedBullet 11 935
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)
    bulletMN, WI
    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 ofbulletJames Greupner Telephone no.bullet (612) 337-6100

    Located atbullet100 WASHINGTON AVENUE S STE 1300MinneapolisMN ZIP+4bullet55401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    James R Greupner Dir, Sec, Treas
    5.0     		0 0 0
    100 Washington Avenue s 1300
    Minneapolis,MN55401
    Linda Kiran Stordalen Dir, Pres
    5.0     		0 0 0
    100 Washington Avenue s 1300
    Minneapolis,MN55401
    Nicole MR Thomas Dir, VP
    5.0     		0 0 0
    100 Washington Avenue s 1300
    Minneapolis,MN55401
    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
    Pilar Gerasimo Executive Director
    40.0     		125,000    
    3850 N Wilke Rd
    Arlington Heights,IL60004
    Gregory C Gentle DIR OF OPERATIONS
    40.0     		66,419    
    3850 N Wilke Rd
    Arlington Heights,IL60004
    Brian C Elkin MAINTENANCE MANAGER
    40.0     		59,322    
    809 80th Ave
    Amery,WI54001
    Total number of other employees paid over $50,000...................bullet  
    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
    Foundation Source Administrative 75,995
    55 Walls Drive 3rd fl
    Fairfield,CT06824
    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)
    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
    14,893,959
    b
    Average of monthly cash balances.......................
    1b
    4,642,199
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,680,871
    d
    Total (add lines 1a, b, and c).........................
    1d
    23,217,029
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    23,217,029
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    348,255
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    22,868,774
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,143,439
    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
    1,143,439
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    282
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    282
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,143,157
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,143,157
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,143,157
    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
    1,057,676
    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
    1,057,676
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,057,676
    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 1,143,157
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 652,996
    b From 2014...... 1,000,897
    c From 2015......  
    d From 2016......  
    e From 2017...... 336,843
    fTotal of lines 3a through e........ 1,990,736
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,057,676
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 1,057,676
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 85,481 85,481
    (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 1,905,255
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		567,515
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,337,740
    10 Analysis of line 9:
    a Excess from 2014.... 1,000,897
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 336,843
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CHILDRENS HEALTH CARE FOUNDATION
    5901 LINCOLN DR MS CBC-3-FOUN
    EDINA,MN55436     		N/A PC Pediatric Pain, Palliative and Integrative Medicine Clinic 225,000
    MACPHAIL CENTER FOR MUSIC
    501 S 2ND ST
    MINNEAPOLIS,MN55401     		N/A PC MacPhail 6.0 Campaign 10,000
    NATIONAL BRAIN TUMOR SOCIETY INC
    55 CHAPEL ST STE 200
    NEWTON,MA02458     		N/A PC Sharpe Brain Cancer Research Awards Program 10,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK ST SE STE 500
    MINNEAPOLIS,MN55455     		N/A PC 2018 HMR Plant Squad Fund 103,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK ST SE STE 500
    MINNEAPOLIS,MN55455     		N/A PC 2017 Funding for HMR Pollinator Project 21,729
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK ST SE STE 500
    MINNEAPOLIS,MN55455     		N/A PC 2018 Funding for HMR Pollinator Project 104,605
    Total .................................bullet 3a 474,334
    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 ...........     		    14 62,901  
    4 Dividends and interest from securities....     14 639,211  
    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 -1,513  
    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)..   700,599  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    700,599
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    Horst Rechelbacher Foundation
     
    Employer identification number

    41-1956679
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number
    41-1956679
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Estate of Horst Rechelbacher  
    100 Washington Ave S Ste 1300
     
    Minneapolis, MN55401

    		$ 17,186,078


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    HMR Realty  
    100 Washington Ave S Ste 1300
     
    Minneapolis, MN55401

    		$ 220,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BLUFFTON S C GO BDS SER. 2010 - 6.000% 096414AX5, 135000 sh. $ 143,451 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BISMARCK N D IMPT BDS SER. 2010B - 4.00 091582TG1, 170000 sh. $ 173,691 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MONTGOMERY ALA GO REF WTS SER. 2011 - 3 613035H72, 100000 sh. $ 102,665 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 WYDANDOTTE CNTY/KANS CITY KANS UNI GOVT 982671UW7, 65000 sh. $ 68,568 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 WISCONSIN ST GO BDS - 5.550% - 05/01/20 97705LZP5, 120000 sh. $ 126,672 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 WELLS FARGO & CO NEW DEPOSITARY SHS - 5 949746RN3, 200000 sh. $ 212,625 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 WASHINGTON SUBN SAN DIST MD - 4.800% - 940157RD4, 100000 sh. $ 102,933 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 WAPAKONETA OHIO CITYSCH - 4.750% - 12/0 933747CU9, 50000 sh. $ 50,423 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 WAKE CITY N C FOR FUTURE - 5.300% - 04/ 930863S30, 145000 sh. $ 153,335 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 VIRGINIA ST GO - 5.000% - 06/01/2021 928109TP2, 55000 sh. $ 55,520 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 VIRGINIA BEACH VA - 4.550% - 03/15/2024 927734VP5, 100000 sh. $ 103,988 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 UTAH ST GO BDS - 5.000% - 07/01/2023 917542SH6, 100000 sh. $ 110,536 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 UTAH ST TAXABLE SER D - 4.554% - 07/01/ 917542QR6, 540000 sh. $ 571,698 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 UNION TWP N J BRD EDUNION CNTY - 4.000% 908713EQ9, 100000 sh. $ 105,135 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 U.S. BANCORP PERP - 5.125% - 12/31/2049 902973AY2, 200000 sh. $ 207,280 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 THREE VLG CENT SCH DIST N Y BROOKHAVEN 885766KZ7, 100000 sh. $ 103,242 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 TEXAS ST GO MOBIL - 5.000% - 04/01/2026 882723LT4, 160000 sh. $ 160,496 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 TEXAS ST GO MOBILITYFUNDS - 5.000% - 04 882723KZ1, 15000 sh. $ 15,045 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 TEXAS ST TAXABLE GO - 4.686% - 10/01/20 882722K26, 100000 sh. $ 105,703 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SUNTRUST BANKS - 5.625% - 12/31/2049 867914BJ1, 300000 sh. $ 309,900 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SUFFOLK VA G O REF PUB - 3.750% - 08/01 864813W22, 45000 sh. $ 46,588 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SUFFOLK VA G O REF - 3.750% - 08/01/202 864813U65, 5000 sh. $ 5,245 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SPOKANE & WHITMAN CNTYS WASH - 5.000% - 848641GE0, 100000 sh. $ 107,565 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SPARTANBURG CNTY S CGO REF - 4.000% - 0 846846G56, 200000 sh. $ 205,490 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SOUTH CAROLINA ST GOST ECONOMIC - 5.000 83710RLC9, 40000 sh. $ 42,593 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SYNDERVILLE UTAH BASIN SPL - 4.600% - 1 833558DS5, 200000 sh. $ 205,126 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 SHELBY CNTY TENN GO PUB IMPT - 4.000% - 821686H54, 155000 sh. $ 159,086 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 ROBBINSDALE MINN INDPT SCH DIST - 3.000 770265EP7, 250000 sh. $ 238,085 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 RIO RANCHO N MEX PUBSCH DIST NO 94 - 4. 767171JZ5, 100000 sh. $ 101,101 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 RIO BLANCO CNTY COLOSCH DIST NO RE-001 767000BZ4, 50000 sh. $ 51,533 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 RHODE ISLAND ST & PROVIDENCE - 5.000% - 76222RFN7, 175000 sh. $ 177,683 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PRINCE GEORGES CNTY MD PUB IMPT - 3.850 741701G75, 100000 sh. $ 103,079 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PIERCE CNTY WASH SCHDIST NO 083 UNIV - 720475QJ4, 200000 sh. $ 201,840 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PENNSYLVANIA ST GO BDS SER 2ND SERIES - 70914PNE8, 100000 sh. $ 105,272 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PEARLAND TEX 2009 OLBIG BODS - 4.200% - 704862K91, 200000 sh. $ 205,426 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PAWTUCKET R I GO BDSSER - 4.000% - 07/1 704165V89, 100000 sh. $ 102,673 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 OMAHA PUB PWR DIST NEB ELEC - 2.250% - 682001BY7, 95000 sh. $ 94,084 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 OHIO ST GO REF BDS - 5.000% - 09/15/201 6775203N6, 210000 sh. $ 214,137 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 NORTHBOROUGH-SOUTHBOROUGH REGL SCH - 5. 663799BS2, 75000 sh. $ 75,764 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 NORTH SLOPE BORO ALASKA - 5.226% - 06/3 662523WZ8, 100000 sh. $ 107,141 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 NORTH CAROLINA ST GOPUB - 5.000% - 05/0 6582562B7, 25000 sh. $ 26,822 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 NORTH CAROLINA ST GOPUB IMPT - 5.000% - 6582562A9, 75000 sh. $ 80,301 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 NICHOLASVILLE KY G OBDS - 4.000% - 10/0 653742BL9, 70000 sh. $ 72,022 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 NEW ORLEANS LA TAXABLE PUB IMPT - 8.000 64763FNC9, 100000 sh. $ 109,243 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 NEW CASTLE CNTY DEL GO BDS SER - 5.000% 6432728J9, 210000 sh. $ 212,875 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MOBILE CNTY ALA GO WTS SER C - 4.250% - 607267T35, 150000 sh. $ 153,702 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MIAMISBURG OHIO CITYSCH DIST SCH FACS - 593881JG1, 100000 sh. $ 101,592 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BANK OF AMERICA CORP - PERPETUAL - 6.10 060505EN0, 300000 sh. $ 318,000 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BERKELEY CNTY S C SCH DIST - 4.790% - 0 084203UQ9, 100000 sh. $ 108,662 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BOSTON MASS GO BDS SER - 4.750% -4/1/24 100853LX6, 100000 sh. $ 103,828 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 CALIFORNIA ST GO - 5.950% - 03/01/2018 13063BFT4, 100000 sh. $ 100,000 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 CAPITAL ONE FINANCIAL - 5.500% - 12/31/ 14040HBH7, 200000 sh. $ 206,060 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 CITIGROUP INC PERP-B NT - 5.900% - 12/3 172967GF2, 200000 sh. $ 206,500 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 CITIGROUP INC FIXED TO FLOAT - 6.125% - 172967KD2, 200000 sh. $ 211,376 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 DELAWARE ST GO BDS - 4.850% - 10/01/202 2463804F3, 200000 sh. $ 207,296 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 FREDERICK CNTY MD CONS PUB - 5.000% - 0 3556943S7, 10000 sh. $ 10,453 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 FREDERICK CNTY MD CONSOLIDATED PUB - 5. 3556944C1, 90000 sh. $ 94,044 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 GENERAL MTRS FINL COINC BOND PERPETUAL 37045XCA2, 200000 sh. $ 202,780 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 GEORGETOWN CNTY S C SCH DIST GO - 5.375 372640GL0, 100000 sh. $ 111,554 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 GOODING CNTY IDAHO SCH DIST NO - 4.500% 382300DX6, 100000 sh. $ 97,859 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 HAWAII ST GENL OBILG - 5.000% - 05/01/2 419791B31, 150000 sh. $ 151,370 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 HAWAII ST GO BDS SER. 2010DX - 5.100% - 419791YR3, 400000 sh. $ 439,100 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 HAWAII ST GO BDS SER. DK - 5.000% - 05/ 4197917G7, 180000 sh. $ 181,094 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 HAWAII ST GO BDS SER DK - 5.000% - 05/0 419792GV2, 15000 sh. $ 15,091 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 HAWAII ST GO BDS - 5.000% - 05/01/2020 419792HC3, 5000 sh. $ 5,031 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 LOS ANGELES CALIF GOBDS - 5.650% - 09/0 544351FK0, 100000 sh. $ 104,431 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MACOMB COUNTY MICHIGAN - 4.126% - 11/01 554885K28, 100000 sh. $ 103,526 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MARYLAND ST GO BDS - 4.550% - 08/15/202 574192X54, 200000 sh. $ 205,878 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MARYLAND STATE - 4.200% - 03/01/2021 5741925B2, 150000 sh. $ 156,749 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MARYLAND ST GO BDS - 4.600% - 03/01/202 5741925F3, 100000 sh. $ 108,265 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MEMPHIS TENN GEN IMPT - 5.000% - 04/01/ 586145UW2, 95000 sh. $ 98,570 2018-02-28
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 METROPOLITAN COUNCILMINN MINNEAPOLIS - 591852MC9, 200000 sh. $ 204,960 2018-02-28
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 LAND - PARCEL 165-00334-0000 OSCEOLA WI 0.95 acres $ 35,182 2018-03-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BLDG - PARCEL 165-00334-0000 OSCEOLA WI $ 74,703 2018-03-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BLDG - PARCEL 165-00321-0001 OSCEOLA WI $ 380,000 2018-03-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 LAND - PARCEL 165-00321-0001 OSCEOLA WI 28.8 acres $ 330,000 2018-03-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 BLDG - PARCEL 165-00321-0000 OSCEOLA WI $ 956,744 2018-03-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 LAND - PARCEL 165-00321-0000 OSCEOLA WI 31.94 acres $ 843,621 2018-03-01
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Horst Rechelbacher Foundation
          		Employer identification number

    41-1956679
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bookkeeping 8,400     8,400

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

    TY 2018 DepreciationSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BLDG - 856 PIONEER 2017-06-09 129,605 2,749 SL 27 4,713 4,713 0  
    BLDG - PARCEL 042 2015-07-28 181,818 11,267 SL 39 4,662 4,662 0  
    BLDG - PARCEL 165 2018-03-01 956,744   SL 27 28,992 28,992 0  
    BLDG - PARCEL 165 2018-03-01 380,000   SL 39 8,120 8,120 0  
    BLDG - PARCEL 165 2018-03-01 74,703   SL 39 1,596 1,596 0  
    LAND - PARCEL 042 2015-07-28 46,022   L          
    LAND - 856 PIONEER 2017-06-09 55,395   L          
    LAND - PARCEL 042 2015-07-28 13,149   L          
    LAND - PARCEL 165 2015-07-28 333,909   L          
    LAND - PARCEL 165 2018-03-01 843,621   L          
    LAND - PARCEL 165 2018-03-01 330,000   L          
    LAND - PARCEL 165 2018-03-01 35,182   L          
    LAND - PARCEL 165 2015-07-28 19,313   L          
    LAND - PARCEL 165 2015-07-28 81,690   L          
    LAND - PARCEL 165 2015-07-28 81,526   L          
    LAND - PARCEL 165 2015-07-28 112,508   L          
    LAND - PARCEL 165 2015-07-28 59,583   L          
    LAND - PARCEL 165 2015-07-28 53,255   L          
    LAND - PARCEL 165 2015-07-28 107,660   L          
    LAND - PARCEL 165 2015-07-28 130,342   L          
    LAND - PARCEL 165 2015-07-28 27,202   L          
    LAND - PARCEL 042 2015-07-28 5,689   L          
    LAND - PARCEL 042 2015-07-28 1,625   L          
    LAND - PARCEL 165 2015-07-28 41,270   L          
    LAND - PARCEL 165 2015-07-28 2,387   L          
    LAND - PARCEL 165 2015-07-28 10,096   L          
    LAND - PARCEL 165 2015-07-28 10,076   L          
    LAND - PARCEL 165 2015-07-28 13,906   L          
    LAND - PARCEL 165 2015-07-28 7,364   L          
    LAND - PARCEL 165 2015-07-28 6,582   L          
    LAND - PARCEL 165 2015-07-28 13,306   L          
    LAND - PARCEL 165 2015-07-28 16,110   L          
    LAND - PARCEL 165 2015-07-28 3,362   L          
    SHADOW HORSE TRAIL 2017-04-24 8,794 837 SL 7 1,256 1,256 0  
    JOHN DEERE Z970R 2017-05-24 10,636 886 SL 7 1,519 1,519 0  
    2017 POLARIS 48V 2017-05-24 10,515 876 SL 7 1,502 1,502 0  
    WOODCHIPPER 2017-05-24 2,981 248 SL 7 426 426 0  
    DUMPSTER TRAILER 2017-05-31 4,884 407 SL 7 698 698 0  
    DECK - PARCEL 042 2017-09-14 15,345 131 SL 39 393 393 0  
    SHADOW HORSE TRAIL 2017-04-24 1,087 104 SL 7 155      
    JOHN DEERE Z970R 2017-05-24 1,315 110 SL 7 188      
    2017 POLARIS 48V 2017-05-24 1,299 108 SL 7 186      
    WOODCHIPPER 2017-05-24 369 31 SL 7 53      
    DUMPSTER TRAILER 2017-05-31 603 50 SL 7 86      
    2018 ATLAS JSV 300 2018-08-01 2,098   SL 7 125      
    2018 ATLAS JSV 300 2018-08-01 16,975   SL 7 1,010 1,010 0  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CO - 5.200% - 203,006 197,000
    APPLE INC - 3.000% - 06/20/202 252,254 238,235
    BANK OF AMERICA CORP - PERPETU 516,006 492,500
    BANK OF AMERICA CORP JR SUBORD 216,506 202,500
    BERKSHIRE HATHAWAY NOTE - 3.12 255,726 242,310
    BNY MELLON PERPETUAL BOND - 4. 101,506 97,500
    CAPITAL ONE FINANCIAL - 5.500% 308,067 288,933
    CITIGROUP INC - 5.800% - 11/29 152,256 145,881
    CITIGROUP INC - 5.950% - 08/15 201,757 193,000
    CITIGROUP INC FIXED TO FLOAT - 525,638 488,125
    CITIGROUP INC PERP-B NT - 5.90 206,500 186,400
    COCA COLA CO - 3.300% - 09/01/ 147,717 146,846
    GENERAL ELECTRIC CO PERPETUAL 109,617 76,375
    GENERAL MTRS FINL COINC BOND P 415,786 319,000
    GOLDMAN SACHS - 5.700% - 05/10 204,255 195,020
    GOLDMAN SACHS GROUP - 2.500% - 200,000 193,162
    GOLDMAN SACHS GROUP INC - 2.62 200,000 199,238
    HSBC HOLDINGS PLC - 1.250% - 1 245,000 240,318
    JP MORGAN CHASE - 5.300% - 12/ 202,506 197,500
    JPMORGAN CHASE & CO - 5.150% - 144,756 142,875
    MEDTRONIC INC SR NT - 3.125% - 251,562 249,045
    METLIFE - 5.250% - 12/31/2049 208,006 192,200
    MORGAN STANLEY DEP SHS - 5.550 152,631 145,575
    MORGAN STANLEY FXD FLTG - 5.45 201,506 194,524
    NATIONAL RURAL UTILITIES - 5.2 106,687 98,898
    SUNTRUST BANKS - 5.625% - 12/3 309,900 297,000
    U.S. BANCORP PERP - 5.125% - 1 410,536 396,000
    WELLS FARGO & CO NEW DEPOSITAR 420,629 395,380
    WELLS FARGO - 2.000% - 04/29/2 245,000 217,736
    WELLS FARGO - 5.900% - 06/15/2 153,756 142,913

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Name of Stock End of Year Book Value End of Year Fair Market Value
    US BANCORP PFD SER H - 5.15% - 150,004 137,580
    WELLS FARGO - 5.200% - 12/31/2 122,841 110,050
    WELLS FARGO NON-CUM PERP CL A 44,120 43,560

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    7,249,452
    State & Local Government Securities - End of Year Fair Market Value:


    7,168,591


    TY 2018 InvestmentsLandSchedule2
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BLDG - 856 PIONEER 129,605 7,462 122,143 129,605
    BLDG - PARCEL 042 181,818 15,929 165,889 181,818
    BLDG - PARCEL 165 956,744 28,992 927,752 956,744
    BLDG - PARCEL 165 380,000 8,120 371,880 380,000
    BLDG - PARCEL 165 74,703 1,596 73,107 74,703
    LAND - PARCEL 042 46,022   46,022 46,022
    LAND - 856 PIONEER 55,395   55,395 55,395
    LAND - PARCEL 042 13,149   13,149 13,149
    LAND - PARCEL 165 333,909   333,909 333,909
    LAND - PARCEL 165 843,621   843,621 843,621
    LAND - PARCEL 165 330,000   330,000 330,000
    LAND - PARCEL 165 35,182   35,182 35,182
    LAND - PARCEL 165 19,313   19,313 19,313
    LAND - PARCEL 165 81,690   81,690 81,690
    LAND - PARCEL 165 81,526   81,526 81,526
    LAND - PARCEL 165 112,508   112,508 112,509
    LAND - PARCEL 165 59,583   59,583 59,583
    LAND - PARCEL 165 53,255   53,255 53,255
    LAND - PARCEL 165 107,660   107,660 107,660
    LAND - PARCEL 165 130,342   130,342 130,342
    LAND - PARCEL 165 27,202   27,202 27,203
    SHADOW HORSE TRAIL 8,794 2,093 6,701 6,701
    JOHN DEERE Z970R 10,636 2,405 8,231 8,231
    2017 POLARIS 48V 10,515 2,378 8,137 8,137
    WOODCHIPPER 2,981 674 2,307 2,307
    DUMPSTER TRAILER 4,884 1,105 3,779 3,779
    DECK - PARCEL 042 15,345 524 14,821 15,345
    2018 ATLAS JSV 300 16,975 1,010 15,965 15,965

    TY 2018 LandEtcSchedule2
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND - PARCEL 042 5,689   5,689 5,688
    LAND - PARCEL 042 1,625   1,625 1,625
    LAND - PARCEL 165 41,270   41,270 41,270
    LAND - PARCEL 165 2,387   2,387 2,387
    LAND - PARCEL 165 10,096   10,096 10,096
    LAND - PARCEL 165 10,076   10,076 10,076
    LAND - PARCEL 165 13,906   13,906 13,906
    LAND - PARCEL 165 7,364   7,364 7,364
    LAND - PARCEL 165 6,582   6,582 6,582
    LAND - PARCEL 165 13,306   13,306 13,306
    LAND - PARCEL 165 16,110   16,110 16,110
    LAND - PARCEL 165 3,362   3,362 3,362
    SHADOW HORSE TRAIL 1,087 259 828 828
    JOHN DEERE Z970R 1,315 298 1,017 1,017
    2017 POLARIS 48V 1,299 294 1,005 1,005
    WOODCHIPPER 369 84 285 285
    DUMPSTER TRAILER 603 136 467 467
    2018 ATLAS JSV 300 2,098 125 1,973 1,973


    TY 2018 LegalFeesSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 42,003     42,003


    TY 2018 OtherExpensesSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 75,995     75,995
    Cell Phone Plan 144     144
    Computers/Electronic Devices 38,688 37,493   1,195
    Equipment/Furniture Purchase 24,158 24,158    
    Indemnification Insurance 2,785     2,785
    FOUNDATION DUES & MEMBERSHIPS 499     499
    Office Supplies 107     107
    Postage/Delivery Service 110     110
    Property insurance 34,508 34,508    
    Property Maintenance 275,555 275,555    
    State or Local Filing Fees 40     40
    Website Hosting/Support 1,173     1,173
    CREDIT CARD FEES 74 74    


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 35,678 35,678    
    Philanthropic Consulting Srvcs 58,750     58,750
    Website Development 2,691     2,691
    BRANDING SERVICES 13,000     13,000
    LANDSCAPE ARCHITECT SERVICES 1,050 1,050    
    PROPERTY HISTORY RESEARCH SVCS 11,805 11,805    
    SECURITY SYSTEM SERVICES 6,380 6,380    


    TY 2018 TaxesSchedule
    Name:
    Horst Rechelbacher Foundation
    EIN:
    41-1956679
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Property Taxes 65,635 62,212   3,423