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 07-01-2018 , and ending 06-30-2019
Name of foundation
F ALBERT KLEIN TRUST UNDER WILL
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

42-0859994
B Telephone number (see instructions)

(319) 753-8764
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$12,431,344J 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) 66,442
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 393,234 383,746  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 325,987
b Gross sales price for all assets on line 6a 1,790,286
7 Capital gain net income (from Part IV, line 2)... 325,987
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 785,663 709,733  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 94,721 85,249   9,472
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 1,500 0 0 1,500
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,481 7,634   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 16 16    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 127,718 92,899 0 10,972
25 Contributions, gifts, grants paid....... 610,470 610,470
26 Total expenses and disbursements. Add lines 24 and 25 738,188 92,899 0 621,442
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 47,475
b Net investment income (if negative, enter -0-) 616,834
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 197,033 165,378 165,378
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,850,251 Click to see attachment5,661,290 5,934,172
c Investments—corporate bonds (attach schedule)....... 6,255,486 Click to see attachment4,507,397 4,374,655
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment2,015,941 1,957,139
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,302,770 12,350,006 12,431,344
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 12,302,770 12,350,006
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 12,302,770 12,350,006
31 Total liabilities and net assets/fund balances (see instructions). 12,302,770 12,350,006
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
12,302,770
2
Enter amount from Part I, line 27a .....................
2
47,475
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,350,245
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
239
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
12,350,006
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 525. ARCHER DANIELS MIDLAND CO   2015-04-27 2018-07-12
b 50. BIOGEN, INC   2018-03-19 2018-07-12
c 225. ARCHER DANIELS MIDLAND CO   2015-04-27 2018-08-15
d 100. BIOGEN, INC   2018-03-19 2018-08-15
e 3595.398 DOUBLELINE TOTAL RET BD I   2014-06-25 2018-08-15
6687.243 DRIEHAUS ACTIVE INCOME FUND     2018-08-15
707.547 GLENMEDE SC EQUITY PORT ADV     2018-08-15
938.967 NUVEEN CORE PLUS BOND I   2013-12-12 2018-08-15
744.048 NUVEEN PREFERRED SECURITIES FUND   2013-08-14 2018-08-15
3374.578 PRUDENTIAL SHORT DURATION HIGH YIELD   2015-02-26 2018-08-15
280.505 ABERDEEN FDS EMRGN   2012-03-23 2018-09-28
1460.92 CAMBIAR INTL EQUITY FUND INS   2017-09-27 2018-09-28
75. APPLE COMPUTER INC   2013-09-27 2018-09-28
400. ARCHER DANIELS MIDLAND CO   2015-04-27 2018-09-28
100. BIOGEN, INC   2018-03-19 2018-09-28
300. WALT DISNEY CO   2018-05-30 2018-09-28
2176.015 DOUBLELINE TOTAL RET BD I   2014-06-25 2018-09-28
527.704 DRIEHAUS ACTIVE INCOME FUND   2018-01-23 2018-09-28
763.618 DRIEHAUS ACTIVE INCOME FUND   2017-06-26 2018-09-28
200. EXPRESS SCRIPTS HLDGS C   2017-09-26 2018-09-28
310.366 OAKMARK GLOBAL FUND CLASS ADVISOR   2013-08-14 2018-09-28
500. ISHARES TR HDG MSCI JAPAN ETF   2017-09-26 2018-09-28
2385.212 NUVEEN PREFERRED SECURITIES FUND   2013-08-14 2018-09-28
250. ORACLE CORPORATION   2018-06-19 2018-09-28
32.051 PARNASSUS CORE EQUITY INCOME INST   2013-12-17 2018-09-28
1711.56 PRUDENTIAL SHORT DURATION HIGH YIELD   2015-02-26 2018-09-28
1738.526 T ROWE PRICE INTL GRINC FD   2014-09-29 2018-09-28
200. CIGNA CORP COM   2018-03-19 2018-11-19
400. WALT DISNEY CO   2018-05-30 2018-11-19
2176.015 DOUBLELINE TOTAL RET BD I   2014-06-25 2018-11-19
2913.753 EATON VANCE GLOBAL MACRO FD CL I   2013-08-14 2018-11-19
850. EXPRESS SCRIPTS HLDGS C     2018-11-19
982.594 FIDELITY CAP TR APPREC FD 307   2011-04-05 2018-11-19
1197.318 NUVEEN CORE PLUS BOND I   2013-12-12 2018-11-19
2566.735 NUVEEN SHORT TERM BOND FUND CL I   2015-02-26 2018-11-19
1923.077 DOUBLELINE TOTAL RET BD I     2018-12-20
1762.632 EATON VANCE GLOBAL MACRO FD CL I   2013-08-14 2018-12-20
1908.397 NUVEEN CORE PLUS BOND I   2013-12-12 2018-12-20
695.322 NUVEEN PREFERRED SECURITIES FUND   2013-08-14 2018-12-20
1164.144 PRUDENTIAL SHORT DURATION HIGH YIELD   2015-02-26 2018-12-20
200. EXPRESS SCRIPTS HLDGS C   2017-09-28 2018-12-24
1500. EXPRESS SCRIPTS HLDGS C   2017-08-18 2018-12-24
.78 CIGNA CORP   2017-09-28 2019-02-20
100. BROADCOM INC   2018-03-19 2019-05-06
5623.722 FEDERATED INST HI YLD BD FD   2014-04-07 2019-05-06
1847.063 GLENMEDE SMALL CAP EQUITY INSTL     2019-05-06
1750. ISHARES TR HDG MSCI JAPAN ETF     2019-05-06
750. ORACLE CORPORATION   2018-06-19 2019-05-06
6159.015 PRUDENTIAL SHORT DURATION HIGH YIELD   2015-02-26 2019-05-06
543.124 ROWE T PRICE MID CAP GROWTH FD INC   2010-08-20 2019-05-06
448.833 LAUDUS INTERNATIONAL MARKETMASTERS   2012-12-10 2019-05-06
600. CELGENE CORP   2018-03-19 2019-06-26
4285.714 FEDERATED INST HI YLD BD FD   2014-04-07 2019-06-26
1750. ISHARES TR HDG MSCI JAPAN ETF     2019-06-26
116.777 CAMBIAR INTL EQUITY FUND INS     2019-06-27
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 25,112   25,450 -338
b 17,347   13,896 3,451
c 11,142   10,907 235
d 33,841   27,791 6,050
e 37,500   39,621 -2,121
65,000   68,805 -3,805
22,500   19,821 2,679
10,000   10,798 -798
12,500   12,865 -365
30,000   31,855 -1,855
4,000   4,093 -93
40,000   40,599 -599
16,844   5,166 11,678
19,904   19,391 513
35,436   27,791 7,645
35,044   29,994 5,050
22,500   23,980 -1,480
5,108   5,272 -164
7,392   7,629 -237
18,945   12,626 6,319
10,000   9,004 996
17,086   15,355 1,731
40,000   41,240 -1,240
12,933   11,554 1,379
1,500   1,142 358
15,250   16,151 -901
25,000   27,051 -2,051
42,103   33,196 8,907
46,139   39,992 6,147
22,500   23,980 -1,480
25,000   26,723 -1,723
82,228   53,628 28,600
35,000   26,245 8,755
12,500   13,769 -1,269
25,000   25,539 -539
20,000   21,142 -1,142
15,000   16,166 -1,166
20,000   21,947 -1,947
11,000   12,022 -1,022
10,000   10,985 -985
18,619   12,600 6,019
139,641   91,257 48,384
144   146 -2
31,149   24,351 6,798
55,000   58,262 -3,262
50,000   57,723 -7,723
54,638   54,984 -346
41,183   34,663 6,520
55,000   58,120 -3,120
50,000   26,619 23,381
10,000   8,640 1,360
55,487   52,744 2,743
42,000   44,400 -2,400
52,508   51,262 1,246
3,000   3,347 -347
      173,563
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       -338
b       3,451
c       235
d       6,050
e       -2,121
      -3,805
      2,679
      -798
      -365
      -1,855
      -93
      -599
      11,678
      513
      7,645
      5,050
      -1,480
      -164
      -237
      6,319
      996
      1,731
      -1,240
      1,379
      358
      -901
      -2,051
      8,907
      6,147
      -1,480
      -1,723
      28,600
      8,755
      -1,269
      -539
      -1,142
      -1,166
      -1,947
      -1,022
      -985
      6,019
      48,384
      -2
      6,798
      -3,262
      -7,723
      -346
      6,520
      -3,120
      23,381
      1,360
      2,743
      -2,400
      1,246
      -347
       
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 2 325,987
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 639,165 12,873,001 0.049652
2016 613,127 12,002,791 0.051082
2015 740,284 11,732,275 0.063098
2014 705,000 13,194,196 0.053433
2013 689,779 13,050,004 0.052857
2
Total of line 1, column (d) .....................
2
0.270122
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.054024
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
12,188,563
5
Multiply line 4 by line 3......................
5
658,475
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,168
7
Add lines 5 and 6........................
7
664,643
8
Enter qualifying distributions from Part XII, line 4,.............
8
621,442
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 12,337
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 12,337
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 12,337
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 20,240
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 20,240
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,903
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet7,903 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    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 ofbulletUS Bank NA Telephone no.bullet (319) 753-8764

    Located atbullet201 JEFFERSONBURLINGTONIA ZIP+4bullet526015250
    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
    US Bank NA Trustee
    1     		94,721    
    201 Jefferson
    Burlington,IA52601
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    12,247,310
    b
    Average of monthly cash balances.......................
    1b
    126,866
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,374,176
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    12,374,176
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    185,613
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,188,563
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    609,428
    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
    609,428
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    12,337
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,337
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    597,091
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    597,091
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    597,091
    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
    621,442
    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
    621,442
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    621,442
    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 7 597,091
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 610,470
    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: bullet$ 621,442
    a Applied to 2017, but not more than line 2a 610,470
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment10,972
    d Applied to 2018 distributable amount..... 0
    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 10,972
    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 ..........     		597,091
    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) .......     		10,972
    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)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    GREAT RIVER MEDICAL CENTER
    ATTN CORPORATE CONTROLLER
    1221 S GEAR AVE
    W BURLINGTON,IA526551679     		NONE PC GENERAL OPERATING 610,470
    Total .................................bullet 3a 610,470
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 393,234  
    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 ............     		    18 325,987  
    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)..   719,221  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    719,221
    (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
    F ALBERT KLEIN TRUST UNDER WILL
     
    Employer identification number

    42-0859994
    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
    F ALBERT KLEIN TRUST UNDER WILL
          		Employer identification number
    42-0859994
    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
    Charles Florence Phelps Trust  
    US Bank Trust Tax Dept
    PO Box 2043
    Milwaukee, WI532019668

    		$ 66,442


    (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.)
    (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
    F ALBERT KLEIN TRUST UNDER WILL
          		Employer identification number

    42-0859994
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    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
    F ALBERT KLEIN TRUST UNDER WILL
          		Employer identification number

    42-0859994
    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 DistributionFromCorpusElection
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Election:
    Pursuant to IRC Sec. 4942(h)(2) and Reg. 53.4942(a)-3(d)(2), the above referenced foundation hereby elects to treat current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of Corpus to satisfy the PF to PF pass-through requirements.

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Name of Bond End of Year Book Value End of Year Fair Market Value
    670700400 NUVEEN PREFERRED SEC 569,600 558,148
    87234N765 TCW EMERGING MARKETS 284,233 282,173
    74440B884 PRUDENTIAL TOTAL RET 185,000 191,959
    258620103 DOUBLELINE TOTAL RET 910,777 895,573
    63872T620 LOOMIS SAYLES STRATE 179,603 175,817
    861729101 STONE RIDGE REINSUR 200,000 180,952
    262028855 DRIEHAUS ACTIVE INCO 19,728 18,326
    31420B300 FEDERATED INST HI YL 473,682 454,990
    72369L107 PIONEER ILS INTERVAL 225,000 206,210
    670678622 NUVEEN CORE PLUS BON    
    670678648 NUVEEN SHORT TERM BO    
    68381K606 OPPENHEIMER SENIOR F    
    74442J406 PRUDENTIAL SHORT DUR 386,774 370,753
    277923728 EATON VANCE GLOBAL M 713,208 679,150
    46434VAU4 ISHARES IBONDS DEC 2 111,790 111,915
    46434VAQ3 ISHARES IBONDS DEC 2 65,317 65,884
    46432FBC0 ISHARES TR 182,685 182,805

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Name of Stock End of Year Book Value End of Year Fair Market Value
    77956H849 T ROWE PRICE INTL GR 133,887 115,982
    744320102 PRUDENTIAL FINANCIAL 130,845 161,600
    06828M876 BARON EMERGING MARKE 252,415 334,124
    464288448 ISHARES INTERNATIONA 219,575 227,328
    46434V886 ISHARES TR HDG MSCI 100,083 106,190
    701769408 PARNASSUS CORE EQUIT 108,597 138,820
    378690606 GLENMEDE SC EQUITY P    
    77957Y106 T ROWE PRICE MID CAP 195,098 173,963
    018581108 ALLIANCE DATA SYSTEM 202,168 133,124
    N53745100 LYONDELLBASELL INDUS 159,577 172,260
    641233200 NEUBERGER BERMAN GEN 176,435 278,825
    149498107 CAUSEWAY EMERGING MA 302,000 323,184
    01609W102 ALIBABA GROUP HOLDIN 58,515 135,560
    277923751 PARAMETRIC EMERGING 150,412 138,495
    315910620 FIDELITY INVT TR AD 105,458 120,799
    00769G543 CAMBIAR INTL EQUITY 230,236 252,841
    039483102 ARCHER DANIELS MIDLA 21,815 18,360
    14040H105 CAPITAL ONE FINANCIA 147,220 163,332
    779556109 ROWE T PRICE MID-CAP 133,198 257,945
    74925K581 ROBECO BOSTON PARTNE 37,299 41,998
    14149Y108 CARDINAL HEALTH INC 215,082 134,235
    808509640 LAUDUS INTERNATIONAL 77,042 89,609
    683974604 OPPENHEIMER DEVELOPI    
    037833100 APPLE INC 54,805 123,700
    316066109 FIDELITY CAP TR APPR 15,989 21,250
    58155Q103 MCKESSON CORPORATION 182,085 174,707
    003021714 ABERDEEN FDS EMRGN 56,616 60,419
    375558103 GILEAD SCIENCES INC 212,832 168,900
    413838681 OAKMARK GLOBAL FUND 206,511 198,467
    11135F101 BROADCOM INC 174,441 223,092
    68389X105 ORACLE CORPORATION 23,108 28,485
    30219G108 EXPRESS SCRIPTS HLDG    
    09062X103 BIOGEN, INC 25,707 23,387
    958102105 WESTERN DIGITAL CORP 286,284 180,690
    125509109 CIGNA CORP    
    59156R108 METLIFE INC 213,366 216,065
    254687106 DISNEY WALT CO    
    02079K305 ALPHABET INC CL A 32,177 34,650
    151020104 CELGENE CORPORATION 83,757 92,440
    14949P208 CAUSEWAY INTERNATL V 179,536 162,110
    00287Y109 ABBVIE INC 129,705 123,624
    125523100 CIGNA CORP 110,243 96,578
    N59465109 MYLAN NV 113,267 61,880
    459200101 INTERNATIONAL BUSINE 79,599 86,188
    30303M102 FACEBOOK INC A 62,403 77,200
    595112103 MICRON TECHNOLOGY IN 102,155 111,911
    559222401 MAGNA INTL INC CL 90,858 86,975
    344849104 FOOT LOCKER INC 68,889 62,880

    TY 2018 InvestmentsOtherSchedule2
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    87245P684 TIAA CREF BOND PLUS AT COST 442,582 440,960
    378690820 GLENMEDE SMALL CAP E AT COST 440,433 428,652
    00141G856 INVESCO OPPENHEIMER AT COST 882,708 823,165
    00143W859 INVESCO OPPENHEIMER AT COST 60,194 73,633
    87245P650 TIAA CREF SHORT TERM AT COST 190,024 190,729

    TY 2018 LegalFeesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - INCOME (ALLOCABLE 1,500     1,500


    TY 2018 OtherDecreasesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Description Amount
    COST BASIS ADJUSTMENT 239


    TY 2018 OtherExpensesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 16 16   0


    TY 2018 TaxesSchedule
    Name:
    F ALBERT KLEIN TRUST UNDER WILL
    EIN:
    42-0859994
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 5,786 5,786   0
    FEDERAL TAX PAYMENT - PRIOR YE 3,607 0   0
    FEDERAL ESTIMATES - PRINCIPAL 20,240 0   0
    FOREIGN TAXES ON NONQUALIFIED 1,848 1,848   0