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
THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
 
Number and street (or P.O. box number if mail is not delivered to street address)630 FIFTH AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10111
A Employer identification number

36-6673112
B Telephone number (see instructions)

(516) 508-9623
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$176,153,597J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,324,905 2,240,960  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,348,727
b Gross sales price for all assets on line 6a 53,636,665
7 Capital gain net income (from Part IV, line 2)... 7,348,727
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........ 9,673,632 9,589,687  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 268,502 118,768   149,734
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,843 0   4,843
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 933,124 933,124   0
17 Interest............... 35,131 35,131   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 117,197 32,471   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 70,224 69,349   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,429,021 1,188,843   154,577
25 Contributions, gifts, grants paid....... 8,647,729 8,647,729
26 Total expenses and disbursements. Add lines 24 and 25 10,076,750 1,188,843   8,802,306
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -403,118
b Net investment income (if negative, enter -0-) 8,400,844
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............. 10,458,631 10,795,873 10,795,873
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet1,913
Less: allowance for doubtful accounts bullet   1,568 1,913 1,913
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) 18,684,637 Click to see attachment25,600,924 29,002,517
b Investments—corporate stock (attach schedule)....... 81,729,927 Click to see attachment77,668,780 80,313,982
c Investments—corporate bonds (attach schedule)....... 12,991,694 Click to see attachment12,233,646 16,075,580
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 26,846,529 Click to see attachment21,319,581 23,980,108
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment9,459,803 Click to see attachment12,144,996 Click to see attachment15,983,624
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 160,172,789 159,765,713 176,153,597
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........ 160,172,789 159,765,713
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 160,172,789 159,765,713
31 Total liabilities and net assets/fund balances (see instructions). 160,172,789 159,765,713
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
160,172,789
2
Enter amount from Part I, line 27a .....................
2
-403,118
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
159,769,671
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,958
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
159,765,713
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 PUBLICLY TRADED SECURITIES      
c 5TH AVE MUL-STRAT OFF S1 P 2015-01-02 2018-03-30
d CAPITAL GAINS THROUGH PARTNERSHIPS P    
e CAPITAL GAINS 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 20,180,978   20,326,026 -145,048
b 23,302,230   20,434,963 2,867,267
c 6,004,099   5,526,949 477,150
d 914,443     914,443
e 3,234,915     3,234,915
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       -145,048
b       2,867,267
c       477,150
d       914,443
e       3,234,915
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 7,348,727
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 8,852,316 173,811,465 0.050931
2016 9,100,284 164,533,098 0.055310
2015 8,803,008 173,747,027 0.050666
2014 8,615,041 180,796,431 0.047651
2013 8,351,616 171,802,055 0.048612
2
Total of line 1, column (d) .....................
2
0.253170
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
0.050634
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
191,761,571
5
Multiply line 4 by line 3......................
5
9,709,655
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
84,008
7
Add lines 5 and 6........................
7
9,793,663
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,802,306
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 1 168,017
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........................... 3 168,017
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- ..... 5 168,017
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 146,266
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 296,266
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 753
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 10 127,496
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet127,496 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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)
    bulletGA
    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 addressbulletN/A
    14
    The books are in care ofbulletBESSEMER TRUST COMPANY NA Telephone no.bullet (516) 508-9623

    Located atbullet630 FIFTH AVENUENEW YORKNY ZIP+4bullet10111
    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
    ALSTON P WATT CO-TRUSTEE
    2.00     		45,175 0 0
    C/O BESSEMER TRUST CO 630 FIFTH
    AVENUE
    NEW YORK,NY10111
    BESSEMER TRUST COMPANY NA CO-TRUSTEE
    10.00     		178,152 0 0
    630 FIFTH AVENUE
    NEW YORK,NY10111
    THOMAS L WILLIAMS CO-TRUSTEE
    2.00     		45,175 0 0
    C/O BESSEMER TRUST CO 630 FIFTH
    AVENUE
    NEW YORK,NY10111
    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
    SELECT EQUITY GROUP INC INVESTMENT SERVICES 174,615
    380 LAFAYETTE ST
    NEW YORK,NY10003
    SOUTHEAST ASSET ADVISORS INC INVESTMENT SERVICES 105,256
    314 GORDON AVENUE
    THOMASVILLE,GA31792
    JOHN W BRISTOL & CO INVESTMENT SERVICES 89,509
    48 WALL STREET
    NEW YORK,NY10005
    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.........................bullet0
    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
    184,182,158
    b
    Average of monthly cash balances.......................
    1b
    10,499,640
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    194,681,798
    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
    194,681,798
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,920,227
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    191,761,571
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,588,079
    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
    9,588,079
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    168,017
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    168,017
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,420,062
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    9,420,062
    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
    9,420,062
    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
    8,802,306
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,802,306
    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
    8,802,306
    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 9,420,062
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 405,993
    d From 2016...... 985,921
    e From 2017...... 373,191
    fTotal of lines 3a through e........ 1,765,105
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 8,802,306
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 8,802,306
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 617,756 617,756
    (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 1,147,349
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,147,349
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016.... 774,158
    d Excess from 2017.... 373,191
    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).)
    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
    CARE INC
    151 ELLIS STREET
    ATLANTA,GA30303     		N/A PUBLIC CHARITY GENERAL SUPPORT 5,765,036
    CHARITABLE CONTRIBUTIONS THROUGH PARTNERSHIPS
    630 FIFTH AVENUE
    NEW YORK,NY10111     		N/A PUBLIC CHARITY GENERAL SUPPORT 175
    SALVATION ARMY
    615 SLATERS LN
    ALEXANDRIA,VA22313     		N/A PUBLIC CHARITY GENERAL SUPPORT 2,882,518
    Total .................................bullet 3a 8,647,729
    bApproved for future payment
    Total .................................bullet 3b 0
    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 2,324,905  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,348,727  
    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).. 0 9,673,632 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    9,673,632
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC - 00287YAT6 - 635,000 SHARES 638,343 628,879
    ALLYA 2018-2 A3 - 02004VAC7 - 225,000 SHARES 224,959 224,613
    AMAZON.COM INC - 023135AL0 - 495,000 SHARES 498,793 493,748
    AMERICAN HONDA FINANCE - 02665WBZ3 - 300,000 SHARES 299,832 297,654
    AMERICAN INTL GROUP - 026874CZ8 - 250,000 SHARES 248,978 248,955
    APPLE INC - 037833CP3 - 560,000 SHARES 560,000 558,225
    BANC OF AMERICA MORTGAGE - 05954CAM0 - 600,000 SHARES 66,639 564,144
    BANCO SANTANDER SA - 05964HAE5 - 300,000 SHARES 299,424 283,617
    BANK OF AMERICA CORP - 06051GGS2 - 340,000 SHARES 340,000 325,207
    BANK OF MONTREAL - 06367T4W7 - 195,000 SHARES 194,089 194,895
    BP CAPITAL MARKETS PLC - 05565QDN5 - 435,000 SHARES 435,635 414,277
    CA INC - 12673PAC9 - 315,000 SHARES 323,105 319,054
    CHAIT 2016-A5 - 161571HF4 - 500,000 SHARES 499,862 495,620
    CITIGROUP INC - 172967LP4 - 580,000 SHARES 587,207 548,222
    CNH EQUIPMENT TRUST - 12592YAD6 - 600,000 SHARES 13,756 599,568
    DCENT 12-A6 A - 254683AY1 - 280,000 SHARES 277,331 278,188
    DIAGEO CAPITAL PLC - 25243YAU3 - 225,000 SHARES 215,525 218,257
    DTE ENERGY CO - 233331AX5 - 350,000 SHARES 344,477 344,813
    GOLDMAN SACHS GROUP INC - 38141GXD1 - 430,000 SHARES 431,032 412,701
    GOLDMAN SACHS GRP INC FRN - 38141GWN0 - 427,000 SHARES 427,457 414,907
    GSR MTG LN TR 2006-10F - 36266WAG7 - 630,000 SHARES 3,745 2,851,947
    IBM CREDIT CORP - 44932HAB9 - 640,000 SHARES 638,675 622,035
    INTL LEASE FINANCE CORP - 459745GQ2 - 320,000 SHARES 333,637 323,037
    JPMORGAN CHASE & CO - 46625HRS1 - 220,000 SHARES 219,296 207,293
    JPMORGAN CHASE & CO - 46647PAV8 - 210,000 SHARES 210,355 209,488
    NEXTERA ENERGY CAPITAL - 65339KAR1 - 300,000 SHARES 301,100 299,310
    PROCTER & GAMBLE CO/THE - 742718EU9 - 300,000 SHARES 299,562 291,081
    SCHLUMBERGER INVESTMENT - 806854AH8 - 285,000 SHARES 287,320 286,337
    SOUTHERN POWER CO - 843646AS9 - 400,000 SHARES 399,900 393,968
    SUMITOMO MITSUI FINL GRP - 86562MAH3 - 475,000 SHARES 475,561 463,130
    TOYOTA MOTOR CREDIT CORP - 89236TBB0 - 590,000 SHARES 590,631 588,814
    UNILEVER CAPITAL CORP - 904764AZ0 - 500,000 SHARES 497,445 497,575
    VERIZON COMMUNICATIONS - 92343VCR3 - 315,000 SHARES 318,712 311,441
    WAL-MART STORES INC - 931142EA7 - 300,000 SHARES 299,940 295,230
    WOART 2018-D A3 - 98162WAD9 - 400,000 SHARES 399,920 404,528
    WORLD OMNI AUTO LEASE - 98161FAD7 - 165,000 SHARES 31,403 164,822

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO - 88579Y101 - 2,114 SHARES 211,828 401,819
    ACTIVISION BLIZZARD INC - 00507V109 - 965 SHARES 60,326 45,032
    ADOBE INC - 00724F101 - 1,392 SHARES 37,742 313,593
    AIR PRODUCTS & CHEMICALS - 009158106 - 2,868 SHARES 246,981 458,486
    ALIBABA GROUP HOLDINGS LTD - 01609W102 - 295 SHARES 25,371 41,014
    ALPHABET INC CLASS C - 02079K107 - 487 SHARES 131,460 505,577
    ALPHABET INC. CLASS A - 02079K305 - 236 SHARES 39,034 247,331
    AMAZON.COM INC - 023135106 - 502 SHARES 138,105 754,948
    AMEREN CORP - 023608102 - 750 SHARES 49,068 48,596
    AMERICAN TOWER CORP - 03027X100 - 360 SHARES 58,235 56,862
    AMERICAN WATER WORKS CO - 030420103 - 635 SHARES 40,750 57,182
    AMETEK INC NEW - 031100100 - 2,253 SHARES 120,809 151,666
    AMPHENOL CORP - 032095101 - 3,533 SHARES 84,657 284,468
    ANSYS INC - 03662Q105 - 2,483 SHARES 365,706 356,360
    APPLE INC - 037833100 - 2,230 SHARES 156,947 352,162
    ARTISAN GLOBAL VALUE INS - 04314H741 - 273,597.811 SHARES 4,000,000 4,079,343
    BAXTER INTERNATIONAL INC - 071813109 - 1,200 SHARES 63,701 78,870
    BECTON DICKINSON & CO - 075887109 - 1,543 SHARES 39,948 346,195
    BLACKBAUD INC - 09227Q100 - 1,357 SHARES 93,753 84,996
    BLACKROCK INC - 09247X101 - 87 SHARES 45,935 33,917
    BOOKING HLDGS INC - 09857L108 - 40 SHARES 62,514 69,044
    BORG WARNER INC - 099724106 - 6,419 SHARES 219,081 221,199
    BRIGHT HORIZONS FAMILY - 109194100 - 2,234 SHARES 149,136 248,594
    BROWN & BROWN INC - 115236101 - 13,491 SHARES 339,221 369,316
    CARLISLE COS - 142339100 - 2,200 SHARES 239,635 218,658
    CATALENT INC - 148806102 - 2,347 SHARES 105,811 72,552
    CDW CORP/DE - 12514G108 - 5,204 SHARES 429,822 418,896
    CELGENE CORP - 151020104 - 2,990 SHARES 303,340 189,529
    CERIDIAN HCM HLDG INC - 15677J108 - 6,509 SHARES 257,280 224,046
    CHIPOTLE MEXICAN GRILL - 169656105 - 426 SHARES 199,530 182,941
    CHUBB LIMITED - H1467J104 - 580 SHARES 61,148 74,585
    CHURCH & DWIGHT INC - 171340102 - 1,325 SHARES 60,290 87,125
    CINCINNATI FINANCIAL CORP - 172062101 - 7,726 SHARES 559,328 594,709
    CINTAS CORP - 172908105 - 410 SHARES 68,413 68,530
    CISCO SYSTEMS INC - 17275R102 - 10,273 SHARES 159,506 443,999
    CITIGROUP INC - 172967424 - 1,150 SHARES 55,812 59,835
    CME GROUP INC - 12572Q105 - 240 SHARES 43,975 44,911
    COMCAST CORP CL A NEW - 20030N101 - 13,413 SHARES 239,380 455,371
    CONOCOPHILLIPS - 20825C104 - 1,435 SHARES 78,832 89,268
    COSTAR GROUP INC - 22160N109 - 446 SHARES 161,006 150,199
    COSTCO WHSL CORP NEW - 22160K105 - 2,302 SHARES 98,596 467,041
    DANAHER CORP - 235851102 - 850 SHARES 69,345 87,461
    DANONE SPON ADR - 23636T100 - 21,634 SHARES 303,032 302,173
    DENTSPLY SIRONA INC - 24906P109 - 1,029 SHARES 36,557 38,230
    DISCOVER FINANCIAL SVCS - 254709108 - 1,225 SHARES 71,828 71,813
    DISNEY (WALT) HOLDING CO - 254687106 - 400 SHARES 46,595 43,445
    DOLLAR GENERAL CORP - 256677105 - 3,200 SHARES 219,262 344,336
    ECOLAB INC - 278865100 - 2,613 SHARES 297,473 381,576
    EXPEDITORS INTL WASH INC - 302130109 - 5,577 SHARES 312,363 376,029
    FACEBOOK INC-A - 30303M102 - 2,504 SHARES 200,829 331,267
    FEDEX CORP - 31428X106 - 1,636 SHARES 82,626 262,210
    FIDELITY NATL INFO SVCS - 31620M106 - 950 SHARES 78,124 96,093
    FIRST REP BK SAN FRANC - 33616C100 - 4,968 SHARES 244,667 429,335
    FORTIVE CO - 34959J108 - 870 SHARES 54,241 58,503
    GARTNER INC CL A - 366651107 - 5,180 SHARES 540,729 656,979
    GODADDY INC - 380237107 - 6,440 SHARES 281,806 418,342
    HEICO CORPORATION - 422806109 - 3,349 SHARES 92,026 258,744
    HENRY SCHEIN INC - 806407102 - 5,188 SHARES 357,028 406,869
    HOME DEPOT - 437076102 - 330 SHARES 44,725 56,742
    HYATT HOTELS CORP CL A - 448579102 - 5,206 SHARES 388,828 352,889
    IHS MARKIT LTD - G47567105 - 9,700 SHARES 360,621 463,515
    ILLINOIS TOOL WORKS INC - 452308109 - 2,100 SHARES 287,943 264,065
    JACOB ENGR GROUP INC - 469814107 - 3,886 SHARES 245,985 225,485
    JOHNSON & JOHNSON - 478160104 - 3,419 SHARES 147,831 439,290
    JPMORGAN CHASE & CO - 46625H100 - 5,548 SHARES 307,938 542,535
    KEYCORP NEW - 493267108 - 4,550 SHARES 68,106 66,794
    LIVE NATION ENTERTMNT INC - 538034109 - 8,972 SHARES 414,388 438,551
    LONGLEAF PARTNERS FUND - 543069108 - 317,461.454 SHARES 8,859,859 5,825,418
    LONGLEAF PTNR FDS INTL FD - 543069405 - 401,385.836 SHARES 6,249,999 6,125,148
    MARTIN MARIETTA MATL INC - 573284106 - 3,933 SHARES 765,315 670,635
    MASTERCARD CL A - 57636Q104 - 2,846 SHARES 273,849 534,137
    METTLER-TOLEDO INTL - 592688105 - 110 SHARES 31,865 61,902
    MICROSOFT CORP - 594918104 - 6,487 SHARES 201,467 657,912
    MORGAN STANLEY GRP INC - 617446448 - 1,625 SHARES 55,474 64,305
    NATIONAL VISION HOLDINGS - 63845R107 - 4,775 SHARES 189,866 136,422
    NESTLE SA SPNS ADR REPS - 641069406 - 4,799 SHARES 92,383 388,599
    NETFLIX INC - 64110L106 - 977 SHARES 90,177 258,954
    NIKE INC CL B - 654106103 - 7,586 SHARES 348,730 561,269
    NORWEGIAN CRUISE LINE - G66721104 - 5,019 SHARES 163,574 210,748
    NOVARTIS AG ADR - 66987V109 - 4,347 SHARES 236,840 372,560
    OW LARGE CAP STRATEGIES FD - 680414109 - 616,995.946 SHARES 7,778,829 7,804,999
    OW SMALL & MIDCAP STRAT FD - 680414604 - 920,296.95 SHARES 14,268,028 12,055,890
    OW STRATEGIC OPPTYS FUND - 680414802 - 1,827,339.101 SHARES 14,598,906 12,352,812
    PAYCHEX INC - 704326107 - 7,738 SHARES 323,091 502,660
    PEPSICO INC - 713448108 - 3,345 SHARES 216,087 368,636
    PERKINELMER INC - 714046109 - 10,889 SHARES 606,285 849,778
    PFIZER INC - 717081103 - 1,950 SHARES 82,025 84,659
    PIONEER NATURAL RESOURCES - 723787107 - 250 SHARES 46,137 32,899
    PROGRESSIVE CORP OHIO - 743315103 - 7,903 SHARES 94,924 474,259
    PTC INC - 69370C100 - 3,302 SHARES 293,888 273,917
    RAYTHEON CO NEW - 755111507 - 430 SHARES 49,114 65,814
    RED HAT INC - 756577102 - 1,258 SHARES 189,773 220,339
    RIO TINTO LTD - Q81437107 - 800 SHARES 33,379 44,233
    ROCHE HLDG LTD SPON ADR - 771195104 - 8,870 SHARES 183,274 274,172
    ROPER TECHNOLOGIES INC. - 776696106 - 1,497 SHARES 255,761 397,768
    ROYAL DUTCH SHELL ADR B - 780259107 - 6,488 SHARES 342,418 389,572
    S&P GLOBAL INC. - 78409V104 - 2,169 SHARES 142,615 367,786
    SAFRAN SA - 650 SHARES 81,494 78,427
    SALESFORCE COM - 79466L302 - 410 SHARES 51,049 55,854
    SCHLUMBERGER LTD - 806857108 - 5,421 SHARES 426,294 195,332
    SERVICE CORP INTL - 817565104 - 13,474 SHARES 472,310 540,644
    SERVICEMASTER GLBAL HLDING - 81761R109 - 3,445 SHARES 133,100 126,018
    SERVICENOW INC - 81762P102 - 260 SHARES 45,006 46,809
    SMITH A O CORP - 831865209 - 1,428 SHARES 77,030 61,197
    SS&C TECHNOLOGIES HOLDINGS - 78467J100 - 4,573 SHARES 137,870 206,128
    TELEFLEX INC - 879369106 - 1,285 SHARES 165,763 329,737
    TEXAS INSTRUMENTS INC - 882508104 - 5,125 SHARES 122,644 484,056
    THERMO FISHER SCIENTIFIC - 883556102 - 2,239 SHARES 355,463 500,417
    TJX COMPANIES INC - 872540109 - 9,631 SHARES 346,813 428,194
    TORO CO - 891092108 - 3,813 SHARES 229,507 211,986
    TRANSDIGM GROUP INC COM - 893641100 - 562 SHARES 5,478 191,235
    TRIMBLE INC - 896239100 - 7,915 SHARES 217,798 257,025
    UNION PACIFIC CORP - 907818108 - 3,319 SHARES 182,370 456,429
    UNITEDHEALTH GROUP INC - 91324P102 - 2,131 SHARES 256,147 529,788
    US BANCORP DEL NEW - 902973304 - 5,251 SHARES 125,723 238,592
    VERISK ANALYTICS INC-CL A - 92345Y106 - 2,388 SHARES 258,772 258,985
    VISA INC - 92826C839 - 740 SHARES 61,211 97,188
    WASTE MANAGEMENT INC NEW - 94106L109 - 320 SHARES 28,084 28,326
    WATERS CORP - 941848103 - 1,529 SHARES 294,219 285,961
    WELBILT INC - 949090104 - 17,340 SHARES 331,858 191,813
    WELLS FARGO & CO NEW - 949746101 - 5,688 SHARES 125,098 261,790
    WILLIAMS SONOMA - 969904101 - 3,495 SHARES 138,445 174,837
    WORKDAY INC CL A - 98138H101 - 2,092 SHARES 165,697 334,944
    YUM BRANDS INC - 988498101 - 4,049 SHARES 244,660 371,192
    ZOETIS INC - 98978V103 - 950 SHARES 68,037 80,840

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    US Government Securities - End of Year Book Value:

    25,600,924
    US Government Securities - End of Year Fair Market Value:

    29,002,517
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    5TH AVENUE MUL-STRAT OFF C-S1 - 5MSOF0918 - 6,672.273 SHARES AT COST 15,719,581 17,536,979
    BAXTER STREET OFFSHORE AT COST 5,600,000 6,443,129

    TY 2018 LegalFeesSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,843 0   4,843


    TY 2018 OtherAssetsSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    FIFTH AVENUE PRIVATE EQUITY 11 LLC 2,344,457 2,309,270 4,041,633
    FIFTH AVENUE PRIVATE EQUITY 12 LLC 1,900,590 2,129,022 3,279,550
    FIFTH AVENUE PRIVATE EQUITY 13 LLC 1,373,193 2,009,625 2,817,122
    FIFTH AVENUE PRIVATE EQUITY 14 LLC -34,401 706,177 765,545
    FIFTH AVENUE REAL ASSETS 3 LLC 811,860 1,542,143 2,039,136
    FIFTH AVENUE REAL ASSETS 4 LLC 0 418,412 472,123
    POLUNIN DEVELOPING COUNTRIES FUND LLC 3,064,104 3,030,347 2,568,515


    TY 2018 OtherDecreasesSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Description Amount
    TIMING DIFFERENCE 3,958


    TY 2018 OtherExpensesSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER DEDUCTIONS THROUGH PARTNERSHIPS 597 597   0
    NONDEDUCTIBLE EXPENSES THROUGH PARTNERSHIPS 875 0   0
    OTHER LOSSES THROUGH PARTNERSHIPS 68,752 68,752   0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 506,966 506,966   0
    INVESTMENT MANAGEMENT FEES THROUGH PARTNERSHIPS 426,158 426,158   0


    TY 2018 TaxesSchedule
    Name:
    THOMAS LYLE WILLIAMS CARE-SALVATION ARMY
    EIN:
    36-6673112
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX PAID 75,000 0   0
    FOREIGN TAX PAID 12,551 12,551   0
    FOREIGN TAX PAID THROUGH PARTNERSHIPS 15,054 15,054   0
    FOREIGN TAX WITHHELD IN EXCESS 9,726 0   0
    STATE TAX WITHHOLDINGS THROUGH PARTNERSHIPS 4,866 4,866   0