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
WILLIAM S ABELL FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2 WISCONSIN CIRCLE NO 890
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHEVY CHASE, MD20815
A Employer identification number

52-1435573
B Telephone number (see instructions)

(301) 652-2224
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$58,290,059J 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... 1,385,087 1,385,087  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,597,688
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 1,597,688
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)....... Click to see attachment 59,504 53,303  
12 Total. Add lines 1 through 11........ 3,042,279 3,036,078  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 168,759 0   168,759
14 Other employee salaries and wages...... 120,100 0   120,100
15 Pension plans, employee benefits....... 46,893 0   46,893
16a Legal fees (attach schedule)......... Click to see attachment 384 0   384
b Accounting fees (attach schedule)....... Click to see attachment 113,406 85,054   28,351
c Other professional fees (attach schedule).... Click to see attachment 452,181 380,513   71,668
17 Interest............... 11,907 11,907   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 40,255 36,826   0
19 Depreciation (attach schedule) and depletion... 9,957 0  
20 Occupancy.............. 79,511 0   79,511
21 Travel, conferences, and meetings....... 12,353 0   12,353
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 114,161 56,919   57,242
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,169,867 571,219   585,261
25 Contributions, gifts, grants paid....... 2,890,629 2,890,629
26 Total expenses and disbursements. Add lines 24 and 25 4,060,496 571,219   3,475,890
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,018,217
b Net investment income (if negative, enter -0-) 2,464,859
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............. 101,799 59,339 59,339
2 Savings and temporary cash investments......... 1,503,744 556,010 556,010
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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) 2,081,630 Click to see attachment2,755,352 2,755,352
b Investments—corporate stock (attach schedule)....... 34,617,440 Click to see attachment31,563,662 31,563,662
c Investments—corporate bonds (attach schedule)....... 7,090,833 Click to see attachment7,265,849 7,265,849
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 19,035,219 Click to see attachment16,049,388 16,049,388
14 Land, buildings, and equipment: basis bullet121,143
Less: accumulated depreciation (attach schedule) bullet90,245 40,855 Click to see attachment30,898 30,897
15 Other assets (describe bullet) Click to see attachment9,562 Click to see attachment9,562 Click to see attachment9,562
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 64,481,082 58,290,060 58,290,059
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.................. 64,481,082 58,290,060
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 64,481,082 58,290,060
31 Total liabilities and net assets/fund balances (see instructions). 64,481,082 58,290,060
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
64,481,082
2
Enter amount from Part I, line 27a .....................
2
-1,018,217
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
63,462,865
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
5,172,805
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
58,290,060
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 SHORT TERM CAPITAL GAINS P    
b LONG TERM CAPITAL GAINS P    
c SHORT TERM CAPITAL GAINS - PTSP'S P    
d LONG TERM CAPITAL GAINS - PTSP'S P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       -129,554
b       1,170,201
c       -2,610
d       559,651
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -129,554
b       1,170,201
c       -2,610
d       559,651
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,597,688
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 3,419,299 61,159,110 0.055908
2016 2,886,615 56,935,474 0.050700
2015 3,293,314 58,879,142 0.055933
2014 4,966,661 62,843,916 0.079032
2013 2,948,128 60,417,608 0.048796
2
Total of line 1, column (d) .....................
2
0.290369
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
0.058074
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
66,514,689
5
Multiply line 4 by line 3......................
5
3,862,774
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
24,649
7
Add lines 5 and 6........................
7
3,887,423
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,475,890
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 49,297
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 49,297
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 49,297
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 71,836
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 71,836
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 22,539
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet22,539 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletCA, MD
    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 addressbulletHTTP://WWW.WILLIAMSABELLFOUNDATION.ORG
    14
    The books are in care ofbulletJANET MILLER Telephone no.bullet (301) 652-2224

    Located atbullet2 WISCONSIN CIRCLE NO 890CHEVY CHASEMD ZIP+4bullet20815
    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
     
    No
    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
    ELAINE NURMI TRUSTEE & PRESIDENT
    8.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    ALICIA M ABELL TRUSTEE & CHAIR
    5.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    CHRISTOPHER S ABELL SR TRUSTEE & SECRETARY
    5.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    KEVIN O'C ABELL TRUSTEE & TREASURER
    5.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    CHARLES S ABELL TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    CINDY WORK ABELL TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    KATHRYN ABELL TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    PATRICIA B ABELL TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    JESSICA ABELL GANJAMIE TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    TOM GANJAMIE TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    MARY KATHRYN NOLAN TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    MIKE NOLAN TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    ELEANOR NURMI TRUSTEE
    1.00     		0 0 0
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    JANET R MILLER EXECUTIVE DIRECTOR
    40.00     		168,759 16,576 13,061
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    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
    TATE & TRYON ACCOUNTING & TAX PREPARATION SERVICES 92,300
    2021 L STREET NW 400
    WASHINGTON,DC20036
    INTENTIONAL PHILANTHROPHY LLC MANAGEMENT AND GRANT CONSULTING 83,900
    3 BETHESDA METRO CENTER STE 960
    BETHESDA,MD20814
    FLEX PROFESSIONALS STAFFING SERVICES 53,060
    818 CLINTON PLACE
    MCLEAN,VA22101
    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 THE FOUNDATION ONLY MAKES GRANTS. IT HAS NO DIRECT CHARITABLE ACTIVITIES. 0
    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
    43,730,003
    b
    Average of monthly cash balances.......................
    1b
    2,126,021
    c
    Fair market value of all other assets (see instructions)................
    1c
    21,671,579
    d
    Total (add lines 1a, b, and c).........................
    1d
    67,527,603
    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
    67,527,603
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,012,914
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    66,514,689
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,325,734
    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
    3,325,734
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    49,297
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,297
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,276,437
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,276,437
    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
    3,276,437
    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
    3,475,890
    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
    3,475,890
    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
    3,475,890
    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 3,276,437
    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...... 8,991
    b From 2014...... 1,877,411
    c From 2015...... 386,449
    d From 2016...... 67,301
    e From 2017...... 455,343
    fTotal of lines 3a through e........ 2,795,495
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,475,890
    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..... 3,276,437
    e Remaining amount distributed out of corpus 199,453
    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 2,994,948
    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) ...     		8,991
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		2,985,957
    10 Analysis of line 9:
    a Excess from 2014.... 1,877,411
    b Excess from 2015.... 386,449
    c Excess from 2016.... 67,301
    d Excess from 2017.... 455,343
    e Excess from 2018.... 199,453
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JANET MILLER EXECUTIVE DIRECTOR
    2 WISCONSIN CIRCLE SUITE 890
    CHEVY CHASE,MD20815
    (301) 652-2224
    bThe form in which applications should be submitted and information and materials they should include:
    THE BOARD APPROVES GRANTS ON A CASE-BY-CASE BASIS AFTER REVIEWING INFORMATION SUBMITTED BY APPLICANTS. SEE THE ATTACHED SCHEDULE 6 FOR GRANT APPLICATION PROCESS.
    cAny submission deadlines:
    THE FOUNDATION HAS ADOPTED A TWO CYCLE PER YEAR FUNDING PROGRAM. SEE SCHEDULE 6 FOR DETAILS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE SCHEDULE 6 FOR AWARD REQUIREMENTS.
    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
    A WIDER CIRCLE INC
    4808 MOORLAND LN APT 802 BETHESDA
    MD 20814-6140
    BETHESDA,MD208146140     		N/A PC TO ASSIST THE HOMELESS 25,000
    A WIDER CIRCLE INC
    4808 MOORLAND LN APT 802 BETHESDA
    MD 20814-6140
    BETHESDA,MD208146140     		N/A PC TO ASSIST THE HUNGRY 200,000
    AMARA LEGAL CENTER INC
    PO BOX 18391 WASHINGTON DC
    20036-8391
    WASHINGTON,DC200368391     		N/A PC TO ASSIST ABUSED WOMEN 24,768
    AMHERST COLLEGE TRUSTEES
    PO BOX 5000 AMHERST MA 01002-5000
    AMHERST,MA010025000     		N/A PC MARGARET ABELL POWELL FUND 25,000
    ANNE FRANK HOUSE INC
    2850 QUEBEC ST NW WASHINGTON DC
    20008-5200
    WASHINGTON,DC200085200     		N/A PC TO ASSIST THE HOMELESS 25,000
    ARC OF PRINCE GEORGES COUNTY INC
    1401 MCCORMICK DR LARGO MD
    20774-5507
    LARGO,MD207745507     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 37,000
    ARC OF SOUTHERN MARYLAND
    PO BOX 1860 PRNC FREDERCK MD
    20678-1860
    PRNC FREDERCK,MD206781860     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 36,152
    ARCADIA FOOD INC
    2000 MT VERNON AVENUE ALEXANDRIA VA
    22301-1310
    ALEXANDRIA,VA223011310     		N/A PC TO ASSIST THE HUNGRY 25,000
    ART ENABLES
    2204 RHODE ISLAND AVENUE NE
    WASHINGTON DC 20018
    WASHINGTON,DC20018     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    ARTSTREAM INC
    8401 CONNECTICUT AVE SUITE 1230
    CHEVY CHASE MD 20815-5803
    CHEVY CHASE,MD208155803     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    ASIAN PACIFIC AMERICAN LEGAL RESOURCE CENTER
    1012 14TH ST NW STE 450 WASHINGTON
    DC 20005-4669
    WASHINGTON,DC200054669     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    BALLET ARTS ACADEMY AT THE OLD WALDORF SCHOOL
    12610 LUSBYS LANE BRANDYWINE
    MARYLAND 20613
    BRANDYWINE,MD20613     		N/A PC MARGARET ABELL POWELL FUND 25,000
    BARKER FOUNDATION INC
    7979 OLD GEORGETOWN ROAD 1ST FLOOR
    BETHESDA MD 20814-2429
    BETHESDA,MD208142429     		N/A PC TO ASSIST AT-RISK PREGNANT WOMEN 25,000
    BEST BUDDIES INTERNATIONAL INC
    100 SE 2ND STREET MIAMI FL
    33131-2100
    MIAMI,FL331312100     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    BETHANY INC
    UNIT 102 WASHINGTON DC 20020-0000
    WASHINGTON,DC200200000     		N/A PC TO ASSIST THE HOMELESS 25,000
    BOWIE CROFTON PREGNANCY CENTER INC
    4341 NORTHVIEW DR BOWIE MD
    20716-2602
    BOWIE,MD207162602     		N/A PC TO ASSIST AT-RISK PREGNANT WOMEN 25,000
    BRIGHT BEGINNINGS INC
    128 M STREET NW WASHINGTON DC
    20001-1205
    WASHINGTON,DC200011205     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    BUILDING BRIDGES ACROSS THE RIVER
    1901 MISSISSIPPI AVENUE SE
    WASHINGTON DC 20020-6117
    WASHINGTON,DC200206117     		N/A PC MARGARET ABELL POWELL FUND 37,500
    BYTE BACK
    899 NORTH CAPITOL ST NE SUITE 850
    WASHINGTON DC 20002
    WASHINGTON,DC20002     		N/A PC TO ASSIST THE HOMELESS 25,000
    CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON INC
    924 G ST NW WASHINGTON DC 20001-453
    WASHINGTON,DC200014532     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON INC
    924 G ST NW WASHINGTON DC 20001-453
    WASHINGTON,DC200014532     		N/A PC TO ASSIST THE HOMELESS 25,000
    CATHOLIC COALITION FOR SPECIAL EDUCATION INC
    10400 CONNECTICUT AVENUE SUITE 603
    KENSINGTON MD 20895
    KENSINGTON,MD20895     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    CENTER ON BUDGET AND POLICY PRIORITIES
    820 1ST ST NE STE 510 WASHINGTON DC
    20002-8035
    WASHINGTON,DC200028035     		N/A PC TO ASSIST THE HOMELESS 30,000
    CHESAPEAKE CHURCH
    6201 SOLOMONS ISLAND RD HUNTINGTOWN
    MD 20639-8880
    HUNTINGTOWN,MD206398880     		N/A PC TO ASSIST THE HUNGRY 25,000
    CHRIST HOUSE
    1717 COLUMBIA RD NW WASHINGTON DC
    20009-2803
    WASHINGTON,DC200092803     		N/A PC TO ASSIST THE HOMELESS 45,000
    COMMUNITY ADVOCATES FOR FAMILY & YOUTH
    PO BOX 4419 CAPITOL HGTS MD
    20791-4419
    CAPITOL HGTS,MD207914419     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    COMMUNITY SERVICES FOR AUTISTIC ADULTS AND CHILDREN
    8615 E VILLAGE AVE MONTGOMRY VLG MD
    20886-4316
    MONTGOMRY VLG,MD208864316     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 24,750
    COMMUNITY SOLUTIONS INTERNATIONAL INC
    60 BROAD STREET SUITE 2510A NEW
    YORK NY 10004
    NEW YORK,NY10004     		N/A PC TO ASSIST THE HOMELESS 10,000
    COMMUNITY SUPPORT SYSTEMS INC
    PO BOX 206 AQUASCO MD 20608-0206
    AQUASCO,MD206080206     		N/A PC TO ASSIST THE HUNGRY 25,000
    COURT APPOINTED SPECIAL ADVOCATE -CASA- PRINCE GEORGES COUNTY INC
    6525 BELCREST RD HYATTSVILLE MD
    20782-0000
    HYATTSVILLE,MD207820000     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    CROSSROADS COMMUNITY FOOD NETWORK INC
    6930 CARROLL AVE STE 426 TAKOMA
    PARK MD 20912-4459
    TAKOMA PARK,MD209124459     		N/A PC TO ASSIST THE HUNGRY 25,000
    DANCEMAKERS INC
    9901 BUSINESS PKWY STE L LANHAM MD
    20706-1821
    LANHAM,MD207061821     		N/A PC MARGARET ABELL POWELL FUND 25,000
    DC CENTRAL KITCHEN INC
    425 2ND ST NW WASHINGTON DC
    20001-2003
    WASHINGTON,DC200012003     		N/A PC TO ASSIST THE HUNGRY 50,000
    ELLINGTON FUND
    3500 R ST NW WASHINGTON DC
    20007-2326
    WASHINGTON,DC200072326     		N/A PC MARGARET ABELL POWELL FUND 25,000
    ENCORE STAGE & STUDIO
    4000 LORCOM LANE ARLINGTON VA 22207
    ARLINGTON,VA22207     		N/A PC MARGARET ABELL POWELL FUND 25,000
    END HUNGER IN CALVERT COUNTY INC
    PO BOX 758 HUNTINGTOWN MD 20639-075
    HUNTINGTOWN,MD206390758     		N/A PC TO ASSIST THE HUNGRY 25,000
    FARMING 4 HUNGER
    2015 OLIVER DR PRNC FREDERCK MD
    20678-4559
    PRNC FREDERCK,MD206784559     		N/A PC TO ASSIST THE HUNGRY 25,000
    FATHER MCKENNA CENTER INC
    19 EYE ST NW WASHINGTON DC
    20001-0000
    WASHINGTON,DC200010000     		N/A PC TO ASSIST THE HOMELESS 25,000
    FOOD AND FRIENDS
    219 RIGGS ROAD NE WASHINGTON DC
    20011
    WASHINGTON,DC20011     		N/A PC TO ASSIST THE HUNGRY 25,000
    FRIENDS OF COMPASS INC
    1712 N ST NW STE 302 WASHINGTON DC
    20036-2914
    WASHINGTON,DC200362914     		N/A PC TO ASSIST THE HOMELESS 15,000
    FRIENDSHIP PLACE
    4713 WISCONSIN AVE NW WASHINGTON DC
    20016-4609
    WASHINGTON,DC200164609     		N/A PC TO ASSIST THE HOMELESS 78,000
    GEORGETOWN MINISTRY CENTER
    1041 WISCONSIN AVE NW WASHINGTON DC
    20007-3635
    WASHINGTON,DC200073635     		N/A PC TO ASSIST THE HOMELESS 25,000
    HEALTHY BABIES PROJECT INC
    801 17TH ST NE WASHINGTON DC
    20002-7200
    WASHINGTON,DC200027200     		N/A PC TO ASSIST AT-RISK PREGNANT WOMEN 25,000
    HOPE AND A HOME-INC
    1439 R STREET NW WASHINGTON DC
    20009
    WASHINGTON,DC20009     		N/A PC TO ASSIST THE HOMELESS 25,000
    HOUSE OF RUTH
    5 THOMAS CIR NW WASHINGTON DC
    20005-4104
    WASHINGTON,DC200054104     		N/A PC TO ASSIST THE HOMELESS 25,000
    IMAGINATION STAGE INC
    4908 AUBURN AVE BETHESDA MD
    20814-2629
    BETHESDA,MD208142629     		N/A PC MARGARET ABELL POWELL FUND 50,000
    IONA SENIOR SERVICES
    4125 ALBEMARLE ST NW WASHINGTON DC
    20016-2105
    WASHINGTON,DC200162105     		N/A PC TO ASSIST THE HUNGRY 25,000
    IVYMOUNT SCHOOL INC
    11614 SEVEN LOCKS RD ROCKVILLE MD
    20854-3261
    ROCKVILLE,MD208543261     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    JONES-HAYWOOD INC
    1200 DELAFIELD PL NW WASHINGTON DC
    20011-4418
    WASHINGTON,DC200114418     		N/A PC MARGARET ABELL POWELL FUND 25,000
    L ARCHE INC
    1840 COLUMBIA RD NW APT 301
    WASHINGTON DC 20009-2081
    WASHINGTON,DC200092081     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    LIFESTYLES OF MARYLAND FOUNDATION INC
    PO BOX 1794 LA PLATA MD 20646-1794
    LA PLATA,MD206461794     		N/A PC TO ASSIST THE HOMELESS 25,000
    MAMATOTO VILLAGE INC
    311 47TH ST NE WASHINGTON DC 20019
    WASHINGTON,DC20019     		N/A PC TO ASSIST AT-RISK PREGNANT WOMEN 25,000
    MANNA FOOD CENTER INC
    9311 GAITHER ROAD
    GATHERSBURG,MD20877     		N/A PC TO ASSIST THE HUNGRY 20,000
    MARTHAS TABLE
    2124 14TH ST NW WASHINGTON DC
    20009-4412
    WASHINGTON,DC200094412     		N/A PC TO ASSIST THE HUNGRY 50,000
    MARY HOUSE INC
    4303 13TH ST NE WASHINGTON DC
    20017-3828
    WASHINGTON,DC200173828     		N/A PC TO ASSIST THE HOMELESS 25,000
    MARYLAND COMMUNITY CONNECTION
    4401 NICOLE DR LANHAM MD 20706-4352
    LANHAM,MD207064352     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS RO BALTIMORE
    MD 21227-0000
    BALTIMORE,MD212270000     		N/A PC TO ASSIST THE HUNGRY 25,000
    MARYLAND YOUTH BALLET INC
    926 ELLSWORTH DR SILVER SPRING MD
    20910-4401
    SILVER SPRING,MD209104401     		N/A PC MARGARET ABELL POWELL FUND 25,000
    MCCLENDON CENTER
    1313 NEW YORK AVE NW WASHINGTON DC
    20005-4701
    WASHINGTON,DC200054701     		N/A PC TO ASSIST THE HUNGRY 25,000
    MONTGOMERY CO FAM JUSTICE CTR FOUNDATION INC
    PO BOX 10692 ROCKVILLE MD 20849-069
    ROCKVILLE,MD208490692     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    MONTGOMERY COUNTY COALTION FOR THE HOMELESS INC
    600B EAST GUDE DRIVE ROCKVILLE MD
    20850-0000
    ROCKVILLE,MD208500000     		N/A PC TO ASSIST THE HOMELESS 25,000
    N STREET VILLAGE INC
    1333 N ST NW WASHINGTON DC
    20005-3601
    WASHINGTON,DC200053601     		N/A PC TO ASSIST THE HOMELESS 25,000
    NATIONAL CAPITAL PRESBYTERY
    SUITE 1009 ROCKVILLE MD 20852-0000
    ROCKVILLE,MD208520000     		N/A PC TO ASSIST THE HOMELESS 25,000
    NEW ENDEAVORS BY WOMEN
    611 N ST NW WASHINGTON DC 20001-342
    WASHINGTON,DC200013421     		N/A PC TO ASSIST THE HOMELESS 25,000
    NICKS PLACE
    10482 BALTIMORE AVE STE 199
    BELTSVILLE MD 20705-2321
    BELTSVILLE,MD207052321     		N/A PC TO ASSIST THE HOMELESS 25,000
    NORTHWEST CENTER INC
    2702 ONTARIO RD NW WASHINGTON DC
    20009-2154
    WASHINGTON,DC200092154     		N/A PC TO ASSIST AT-RISK PREGNANT WOMEN 25,000
    OLNEY THEATRE CORPORATION
    2001 OLNEY SANDY SPRING RD OLNEY MD
    20832-1601
    OLNEY,MD208321601     		N/A PC MARGARET ABELL POWELL FUND 20,000
    OPEN ARMS HOUSING INC
    57 O ST NE WASHINGTON DC 20001-0000
    WASHINGTON,DC200010000     		N/A PC TO ASSIST THE HOMELESS 20,000
    OPEN CITY ADVOCATES
    4202 BENNING ROAD NE 2 WASHINGTON
    DC 20019
    WASHINGTON,DC20019     		N/A PC TO ASSIST THE HOMELESS 25,000
    PATHWAYS TO HOUSING DC
    101 Q STREET NE WASHINGTON DC
    20002-2166
    WASHINGTON,DC200022166     		N/A PC TO ASSIST THE HOMELESS 24,800
    POTOMAC COMMUNITY RESOURCES INC
    9200 KENTSDALE DR POTOMAC MD
    20854-4529
    POTOMAC,MD208544529     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    PREGNANCY AID CENTERS INC
    4809 GREENBELT RD COLLEGE PARK MD
    20740-2097
    COLLEGE PARK,MD207402097     		N/A PC TO ASSIST AT-RISK PREGNANT WOMEN 20,000
    PROTESTANT EPISCOPAL CHURCHBISHOP WALKER SCHOOL
    3640 MARTIN LUTHER KING JR AVENUE
    SE WASHINGTON DC 20032
    WASHINGTON,DC20032     		N/A PC TO ASSIST THE HUNGRY 25,000
    QUALITY TRUST FOR INDIVIDUALS WITH DISABILITIES INC
    5335 WISCONSIN AVE NW STE 825
    WASHINGTON DC 20015-2103
    WASHINGTON,DC200152103     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 187,659
    READY WILLING & WORKING INC
    1451 PENNSYLVANIA AVE SE STE 1
    WASHINGTON DC 20003-3045
    WASHINGTON,DC200033045     		N/A PC TO ASSIST THE HOMELESS 25,000
    ROUND HOUSE THEATRE INC
    4545 EAST-WEST HIGHWAY BETHESDA MD
    20814-3309
    BETHESDA,MD208143309     		N/A PC MARGARET ABELL POWELL FUND 25,000
    SAINT JOHN VIANNEY CHURCH
    105 VIANNEY LN PRNC FREDERCK MD
    20678-4123
    PRNC FREDERCK,MD206784123     		N/A PC TO ASSIST THE HUNGRY 20,000
    SAMARITAN INNS INC
    2523 14TH STREET NW WASHINGTON DC
    20009-6952
    WASHINGTON,DC200096952     		N/A PC TO ASSIST THE HOMELESS 25,000
    SEABURY RESOURCES FOR AGING
    6031 KANSAS AVENUE NW WASHINGTON DC
    20011-1566
    WASHINGTON,DC200111566     		N/A PC TO ASSIST THE HOMELESS 20,000
    SEEC CORPORATION
    8905 FAIRVIEW RD STE 300 SILVER
    SPRING MD 20910-4163
    SILVER SPRING,MD209104163     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    SIGNATURE THEATRE INC
    4200 CAMPBELL AVENUE ARLINGTON VA
    22206
    ARLINGTON,VA22206     		N/A PC MARGARET ABELL POWELL FUND 25,000
    SITAR ARTS CENTER
    1700 KALORAMA RD NW STE 101
    WASHINGTON DC 20009-3574
    WASHINGTON,DC200093574     		N/A PC MARGARET ABELL POWELL FUND 25,000
    SMILE INC
    PO BOX 1725 LUSBY MD 20657-1725
    LUSBY,MD206571725     		N/A PC TO ASSIST THE HUNGRY 25,000
    ST AUGUSTINE SCHOOL
    1425 V ST NW WASHINGTON DC
    20009-5806
    WASHINGTON,DC200095806     		N/A PC TO ASSIST THE HUNGRY 25,000
    ST JOSEPHS HOUSE LTD
    1505 CODY DR SILVER SPRING MD
    20902-3944
    SILVER SPRING,MD209023944     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    STUDIO THEATRE INC
    1501 14TH ST NW WASHINGTON DC
    20005-3706
    WASHINGTON,DC200053706     		N/A PC MARGARET ABELL POWELL FUND 25,000
    THE DISTRICT OF COLUMBIA CHILDRENS ADVOCACY CENTER
    429 O ST NW WASHINGTON DC 20001-461
    WASHINGTON,DC200014619     		N/A PC TO ASSIST ABUSED WOMEN 45,000
    THE FAMILY PLACE INCORPORATED
    3309 16TH ST NW WASHINGTON DC
    20010-2201
    WASHINGTON,DC200102201     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    THE FOUNDATION SCHOOLS
    6000 EXECUTIVE BLVD STE 605
    ROCKVILLE MD 20852-3820
    ROCKVILLE,MD208523820     		N/A PC TO ASSIST THE HUNGRY 25,000
    THE JUBILEE ASSOCIATION OF MARYLAND INC
    10408 MONTGOMERY AVE KENSINGTON MD
    20895-3360
    KENSINGTON,MD208953360     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    TLC- THE TREATMENT & LEARNING CENTERS INC
    2092 GAITHER RD STE 100 ROCKVILLE
    MD 20850-4016
    ROCKVILLE,MD208504016     		N/A PC TO ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES 25,000
    WASHINGTON DRAMA SOCIETY INC
    1101 6TH ST SW WASHINGTON DC
    20024-2605
    WASHINGTON,DC200242605     		N/A PC MARGARET ABELL POWELL FUND 25,000
    WASHINGTON JESUIT ACADEMY
    900 VARNUM STREET NE WASHINGTON DC
    20017
    WASHINGTON,DC20017     		N/A PC TO ASSIST THE HUNGRY 25,000
    WE ARE FAMILY SENIOR OUTREACH NETWORK INC
    1405 MONROE ST NW WASHINGTON DC
    20010-3138
    WASHINGTON,DC200103138     		N/A PC TO ASSIST THE HUNGRY 25,000
    WOMEN WHO CARE MINISTRIES
    PO BOX 87552 MONTGOMRY VLG MD
    20886-7552
    MONTGOMRY VLG,MD208867552     		N/A PC TO ASSIST THE HUNGRY 25,000
    WOMENS CENTER
    133 PARK ST NE VIENNA VA 22180-4602
    VIENNA,VA221804602     		N/A PC TO ASSIST ABUSED WOMEN 25,000
    Total .................................bullet 3a 2,890,629
    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 1,385,087  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 900099        
    bNot debt-financed property.....     16    
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900099   18 1,597,688  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME FROM PTSP'S     		    14 51,644  
    bTAX REFUNDS 900099 6,201 14    
    cOTHER INCOME FROM PTSP'S, UBTI 900099        
    dROYALTY INCOME FROM PTSP'S     15 3,501  
    eRENTAL INCOME FROM PTSP'S 900099   16 -1,842  
    12 Subtotal. Add columns (b), (d), and (e).. 6,201 3,036,078 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,042,279
    (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 AccountingFeesSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREP & BOOKKEEPING 113,406 85,054   28,351
    QUARTERLY GRANT REVIEW 0 0   0

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CARMAX AUTO OWNER TRUST 2015-3 CL A3 1.630% 05/15/2020 DTD 08/12/2015 3,771 3,771
    DOUBLELINE TOTL RET BND-I 3,158,957 3,158,957
    FANNIE MAE 5% JUL 01 2020 DTD 05/01/2010 POOL NO AE0019 1,210 1,210
    FANNIE MAE 5.5% MAR 01 2020 DTD 05/01/2008 POOL NO 889568 415 415
    FANNIE MAE 5.5% SEP 01 2021 DTD 02/01/2008 POOL NO 889183 699 699
    FANNIE MAE SER 2005-68 CL GC 5% JUL 25 2035 DTD 07/01/2005 23,080 23,080
    FANNIE MAE SER 2010-85 CL NJ 4.5% AUG 25 2040 DTD 07/01/2010 47,373 47,373
    FED HOME LN MTG CORP 3738 CL FD VAR RT 08/15/2040 DTD 10/15/2010 67,015 67,015
    FEDERAL NATL MTG ASSN GTD REMIC PASS THRU CTF REMIC TR 2005-35 CL DZ 5.00% D 41,497 41,497
    FHLMC 1638 CL H 6.500% 12/15/2023 DTD 12/01/1993 25,934 25,934
    FHLMC 3656 CL PM 5.000% 04/15/2040 DTD 04/01/2010 138,412 138,412
    FHLMC 3790 CL AP 4.5% 01/15/2037 DTD 01/28/2011 10,382 10,382
    FHLMC 3816 CL HM 4.5% 05/15/2040 DTD 02/01/2011 63,947 63,947
    FHLMC 4001 CL MH 2.0% 01/15/2039 DTD 02/01/2012 129,754 129,754
    FHLMC 4100 CL PA 3.000% 01/15/2042 DTD 08/30/2012 19,773 19,773
    FHLMC 4186 CL JE 2.000% 03/15/2033 DTD 03/01/2013 67,725 67,725
    FHLMC GOLD PARTIC CTF 5% OCT 01 2020 DTD 09/01/2005 POOL NO G11773 1,806 1,806
    FHLMC GOLD POOL G12442 6.000% 11/01/2021 DTD 11/01/2006 8,345 8,345
    FHLMC GOLD POOL J09926 4.500% 06/01/2024 DTD 06/01/2009 29,830 29,830
    FHLMC JUL3745 CL PB 2.500% 03/15/2025 DTD 10/29/2010 73,501 73,501
    FHLMC SER 2989 CL TG 5% JUN 15 2025 DTD 06/01/2005 45,368 45,368
    FNMA 2003-44 CL A 4.000% 06/25/2033 DTD 05/30/2003 49,949 49,949
    FNMA 2006-117 CL PE 5.500% 12/25/2036 DTD 11/01/2006 18,977 18,977
    FNMA 2010-127 CL GH 4.500% 10/25/2040 DTD 10/29/2010 33,426 33,426
    FNMA 2010-37 CL CY 5.000% 04/25/2040 DTD 03/01/2010 97,204 97,204
    FNMA 2011-53 CL WT 4.500% 06/25/2041 DTD 05/27/2011 29,588 29,588
    FNMA POOL MA1125 4.000% 07/01/2042 DTD 06/01/2012 95,195 95,195
    FNMA REMIC 2010-45 CL GD 5.000% 04/25/2033 DTD 04/30/2010 2,776 2,776
    FNMA REMIC 2011-132 CL PA 4.500% 08/25/2039 DTD 11/30/2011 1,191 1,191
    FNMA SER 2005-48 CL AR 5.5% 02/25/2035 DTD 05/01/2005 4,754 4,754
    FORD CREDIT AUTO OWNER TRUST 2015-B CL A4 1.580% 08/15/2020 DTD 05/26/2015 34,633 34,633
    FREDDIE MAC GOLD PARTIC CTF 4.5% NOV 01 2019 DTD 03/01/2008 POOL NO G13101 643 643
    FREDDIE MAC GOLD PARTIC CTF MAY 01 2019 DTD 04/01/2007 POOL NO G12650 187 187
    FREDDIE MAC SER 2522 CL TC 5.5% NOV 15 2022 DTD 11/01/2002 23,934 23,934
    GNMA ASSOCIATION SER 2010-46 CL CK 4.5% MAR 20 2039 DTD 04/01/2010 5,788 5,788
    GNMA SER 2005-13 CL BE 5% SEP 20 2034 02/01/2005 31,850 31,850
    GNMA SER 2005-26 CL XY 5.5% MAR 20 2035 DTD 03/01/2005 57,018 57,018
    GNMA SER 2009-108 CL WG 4% SEP 20 2038 DTD 11/01/2009 2,767 2,767
    GNMA SER 2010-144 CL DA 4% SEP 16 2039 DTD 11/01/2010 8,145 8,145
    GNMA SER 2010-151 CL HN 3% AUG 20 2039 DTD 11/01/2010 4,725 4,725
    GNMA SER 2010-164 CL LE 3% OCT 20 2038 DTD 12/01/2010 4,021 4,021
    JPM MANAGED INCOME FD - USD - L FUND 2119 ISIN US48121A4159 SEDOL B416ZX2 2. 1,229,157 1,229,157
    SCHWAB U.S. TIPS ETF 1,553,249 1,553,249
    WORLD FINANCIAL NETWORK CREDIT 2017-B CL A 1.980% 06/15/2023 DTD 08/16/2017 17,878 17,878

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MATTHEWS PACIFIC TIGER-INST 1,898,663 1,898,663
    US DOLLAR 154,952 154,952
    CSL LTD-SPONSORED ADR 130,326 130,326
    AIA GROUP LTD-SP ADR 129,975 129,975
    EXPERIAN PLC-SPONS ADR 127,273 127,273
    ROCHE HOLDINGS LTD-SPONS ADR 119,534 119,534
    CANADIAN PACIFIC RAILWAY LTD 109,236 109,236
    TENCENT HOLDINGS LTD-UNS ADR 107,832 107,832
    ESSILORLUXOTTICA-UNSPONSORED ADR 106,614 106,614
    ACCENTURE PLC-CL A 105,899 105,899
    HDFC BANK LTD-ADR 105,558 105,558
    TAIWAN SEMICONDUCTOR-SP ADR 104,603 104,603
    CHUBB LTD 103,602 103,602
    NESTLE SA-SPONS ADR 101,119 101,119
    TOTAL SA-SPON ADR 97,785 97,785
    ALLIANZ SE-SPON ADR 97,256 97,256
    LVMH MOET HENNESSY-UNSP ADR 97,161 97,161
    COMPASS GROUP PLC ADR 96,704 96,704
    HEXAGON AB ADR 96,408 96,408
    SHOPIFY INC - CLASS A 95,115 95,115
    DSV A S UNSPONSORED ADR 93,347 93,347
    METTLER-TOLEDO INTERNATIONAL 92,755 92,755
    ZURICH INSURANCE GROUP-ADR 90,697 90,697
    PERNOD-RICARD SA-UNSPON ADR 88,889 88,889
    ADIDAS AG-SPONSORED ADR 86,915 86,915
    SIEMENS AG-SPONS ADR 82,382 82,382
    CHR HANSEN HOLDING -SPON ADR 81,410 81,410
    ICON PLC 80,110 80,110
    NESTLE SA-SPONS ADR 79,746 79,746
    UNITED OVERSEAS BANK-SP ADR 71,843 71,843
    WALMART DE MEXICO-SPON ADR V 70,293 70,293
    HSBC HOLDINGS PLC-SPONS ADR 69,065 69,065
    UNILEVER N V -NY SHARES 67,573 67,573
    ABB LTD-SPON ADR 67,352 67,352
    DIAGEO PLC-SPONSORED ADR 66,646 66,646
    MUENCHENER RUECK-UNSPON ADR 66,446 66,446
    ATLAS COPCO AB-SPONS ADR A 64,563 64,563
    RESMED INC 63,198 63,198
    ROYAL DUTCH SHELL-SPON ADR-B 60,539 60,539
    NN GROUP NV - UNSPON ADR 59,534 59,534
    NEW STERIS LTD 59,409 59,409
    GEBERIT AG - UNSP ADR 59,074 59,074
    AMADEUS IT GROUP, S.A. 56,222 56,222
    UBS GROUP AG-REG 54,348 54,348
    HONDA MOTOR CO LTD-SPONS ADR 53,984 53,984
    ASML HOLDING NV-NY REG SHS 51,355 51,355
    SMURFIT KAPPA GROUP PLC ADR 50,872 50,872
    NIPPON TELEGRAPH & TELE-ADR 50,800 50,800
    CHINA PETROLEUM & CHEM-ADR 50,126 50,126
    MICHELIN (CGDE)-UNSPON ADR 49,725 49,725
    SONIC HEALTHCARE LTD SPONSORED ADR 49,455 49,455
    US DOLLAR 48,663 48,663
    SMITHS GROUP PLC- SPON ADR 47,534 47,534
    BCE INC 44,669 44,669
    MMC NORILSK NICKEL PJSC SPONSORED ADR 43,730 43,730
    ASE TECHNOLOGY HOLDING CO LTD-ADR 43,358 43,358
    DEUTSCHE TELEKOM AG-SPON ADR 42,195 42,195
    TELEFONICA BRASIL-ADR 39,429 39,429
    CORE LABORATORIES N.V. 38,421 38,421
    ENGIE 36,081 36,081
    RYANAIR HLDGS PLC SPONSORED ADR NE 35,599 35,599
    SINGAPORE TELECOMMUNICAT-ADR 33,906 33,906
    VODAFONE GROUP PLC-SP ADR 33,065 33,065
    VERMILION ENERGY INC 32,869 32,869
    DAIMLER AG UNSPONSORED ADR 32,382 32,382
    MANULIFE FINANCIAL CORP ISIN CA56501R1064 SEDOL 6177997 29,515 29,515
    BNP PARIBAS-ADR 29,302 29,302
    BOC HONG KONG HLDS-SPONS ADR 28,171 28,171
    LLOYDS BANKING GROUP PLC-ADR 26,995 26,995
    INDITEX-UNSPON ADR 25,573 25,573
    COMMONWEALTH BK AUS-SP ADR 24,837 24,837
    NOVO-NORDISK A/S-SPONS ADR 22,989 22,989
    SAP SE-SPONSORED ADR 22,797 22,797
    WESTPAC BANKING CORP-SP ADR 17,190 17,190
    PROSIEBEN SAT.1-UNSP ADR 17,029 17,029
    CSL LTD-SPONSORED ADR 16,760 16,760
    CENTRAL JAPAN RAI-UNSPON ADR 16,641 16,641
    SONY CORP-SPONSORED ADR 15,643 15,643
    AIR LIQUIDE-UNSPONSORED ADR 15,616 15,616
    NATIONAL AUSTRALIA BK-SP ADR 15,436 15,436
    LOREAL-UNSPONSORED ADR 15,068 15,068
    EAST JAPAN RAILWAY-UNSP ADR 15,010 15,010
    SSE PLC-SPN ADR 14,803 14,803
    ASML HOLDING NV-NY REG SHS 14,784 14,784
    UNILEVER PLC-SPONSORED ADR 14,630 14,630
    AUST & NZ BNKG GRP-SPON ADR 14,510 14,510
    BASF SE-SPON ADR 13,544 13,544
    RECKITT BENCKISER-SPON ADR 13,325 13,325
    MACQUARIE GROUP LTD-ADR 13,151 13,151
    ORKLA ASA-SPON ADR 12,834 12,834
    DAIWA HOUSE INDUS-UNSP ADR 12,720 12,720
    MITSUBISHI ESTATE-UNSPON ADR 12,559 12,559
    INTESA SANPAOLO-SPON ADR 12,226 12,226
    PRUDENTIAL PLC-ADR 11,920 11,920
    IBERDROLA SA-SPONSORED ADR 11,679 11,679
    SCHNEIDER ELECT SE-UNSP ADR 11,519 11,519
    DANONE-SPONS ADR 11,436 11,436
    KDDI CORP-UNSPONSORED ADR 11,068 11,068
    SEVEN & I HOLDINGS-UNSPN ADR 10,968 10,968
    DEUTSCHE POST AG-SPON ADR 10,604 10,604
    ADIDAS AG-SPONSORED ADR 10,434 10,434
    DEUTSCHE BOERSE AG-UNSPN ADR 10,343 10,343
    COMPASS GROUP PLC ADR 9,656 9,656
    MIZUHO FINANCIAL GROUP-ADR 9,633 9,633
    NOKIA CORP-SPON ADR 9,597 9,597
    KERING-UNSPONSORED ADR 9,585 9,585
    HONG KONG EXCHANGES-UNSP ADR 9,571 9,571
    ASTELLAS PHARMA INC-UNSP ADR 9,505 9,505
    AXA -SPONS ADR 9,347 9,347
    SWIRE PACIFIC LTD-SP ADR A 9,109 9,109
    DBS GROUP HOLDINGS-SPON ADR 8,995 8,995
    RELX PLC - SPON ADR 8,988 8,988
    GIVAUDAN-UNSPON ADR 8,932 8,932
    LONZA GROUP AG-UNSPON ADR 8,889 8,889
    DAIKIN INDUSTRIES-UNSPON ADR 8,881 8,881
    KONINKLIJKE PHILIPS NVR- NY 8,848 8,848
    SWISS RE LTD-SPN ADR 8,820 8,820
    LONDON STOCK EXCHG-UNSP ADR 8,764 8,764
    NATIONAL GRID PLC SPON ADR EACH REP 5 ORD SHS 8,732 8,732
    HANG LUNG PROPERTIES-SP ADR 8,478 8,478
    NTT DOCOMO INC-SPON ADR 8,433 8,433
    BRITISH LAND CO PLC-SPON ADR 8,410 8,410
    TAKEDA PHARMACEUTIC-SP ADR 8,326 8,326
    AMADEUS IT GROUP, S.A. 8,262 8,262
    WOODSIDE PETROLEUM-SP ADR 8,225 8,225
    BRIDGESTONE CORP-UNSPONS ADR 8,213 8,213
    SHIN-ETSU CHEM-UNSPON ADR 8,122 8,122
    ESSILORLUXOTTICA-UNSPONSORED ADR 7,958 7,958
    KONINKLIJKE AHOLD DELHAIZE N.V. 7,771 7,771
    ING GROEP N.V.-SPONSORED ADR 7,729 7,729
    ORANGE-SPON ADR 7,706 7,706
    BANCO BILBAO VIZCAYA-SP ADR 7,565 7,565
    MURATA MANUFACTUR-UNSPON ADR 7,374 7,374
    SECOM LTD -UNSPONSORED ADR 7,275 7,275
    KAO CORPORATION - ADR 7,227 7,227
    VIVENDI SA-UNSPON ADR 7,221 7,221
    TESCO PLC-SPONSORED ADR 7,137 7,137
    DENSO CORPORATION-UNSPON ADR 7,106 7,106
    FAST RETAILING CO-UNSPON ADR 6,983 6,983
    ERICSSON (LM) TEL-SP ADR 6,981 6,981
    MERCK KGAA-SPONSORED ADR 6,828 6,828
    MITSUBISHI ELECTRIC-UNSP ADR 6,751 6,751
    EISAI CO LTD-SPONSORED ADR 6,730 6,730
    BT GROUP PLC-SPON ADR 6,718 6,718
    CRH PLC-SPONSORED ADR 6,718 6,718
    LEGAL & GEN GROUP -SPON ADR 6,649 6,649
    QIAGEN NV 6,614 6,614
    NINTENDO CO LTD-UNSPONS ADR 6,554 6,554
    TELEFONICA SA-SPON ADR 6,523 6,523
    PANASONIC CORP-SPON ADR 6,455 6,455
    KBC GROEP NV-UNSP ADR 6,296 6,296
    KYOCERA CORP -SPONS ADR 6,279 6,279
    SANDVIK AB-SPONSORED ADR 6,254 6,254
    AVIVA PLC - SPON ADR 6,240 6,240
    INDITEX-UNSPON ADR 6,215 6,215
    SHISEIDO LTD-SPONSORED ADR 6,175 6,175
    E.ON SE -SPONSORED ADR 6,075 6,075
    SEKISUI HOUSE-SPONS ADR 6,064 6,064
    AMCOR LTD-SPONS ADR 6,045 6,045
    COMPAGNIE DE SAINT-UNSP ADR 6,036 6,036
    SUMITOMO MITSUI TR-SPON ADR 6,004 6,004
    EQUINOR ASA SPON-ADR 5,968 5,968
    CAPGEMINI SE - UNSPONSOR ADR 5,918 5,918
    COCA-COLA AMATIL LTD-SP ADR 5,913 5,913
    BRAMBLES LTD-SPONSORED ADR 5,834 5,834
    NORDEA BANK ABP - SPON ADR 5,804 5,804
    REPSOL SA-SPONSORED ADR 5,771 5,771
    ADR-FERGUSON PLC 5,720 5,720
    SGS SA-UNSPONSORED ADR 5,666 5,666
    INTERCONTINENTAL HOTELS GROUP ADR 5,623 5,623
    SMITH & NEPHEW PLC -SPON ADR 5,607 5,607
    NEWCREST MINING LTD-SPON ADR 5,602 5,602
    LAFARGEHOLCIM LTD ADR 5,590 5,590
    SVENSKA HANDELSB-A-UNSP ADR 5,539 5,539
    AKZO NOBEL NV-SPON ADR 5,513 5,513
    SWISSCOM AG-SPONSORED ADR 5,466 5,466
    ACCOR SA-SPONSORED ADR 5,328 5,328
    ASSA ABLOY AB - UNSP ADR 5,313 5,313
    UNICHARM CORP - SPN ADR 5,234 5,234
    ESSITY AKTIEBOLAG PUBL SPONSORED ADR 5,217 5,217
    ASAHI KASEI CORP-UNSPON ADR 5,194 5,194
    RED ELECTRICA COR-UNSPON ADR 5,170 5,170
    KOMATSU LTD -SPONS ADR 5,148 5,148
    DAI NIPPON PRINT-SPON ADR 5,134 5,134
    SUNTORY BEVERAGE & FOOD-UADR 5,125 5,125
    UPM-KYMMENE OYJ-SPONS ADR 5,120 5,120
    WOLTERS KLUWER NV-SPONS ADR 5,105 5,105
    OMRON CORP- SPONSORED ADR 5,104 5,104
    ATLAS COPCO AB-SPONS ADR A 5,073 5,073
    SWEDBANK AB-ADR 5,038 5,038
    FERROVIAL S A ADR 5,037 5,037
    COCA-COLA EUROPEAN PARTNERS PLC 4,998 4,998
    RSA INSURANCE GROUP PLC-ADR 4,951 4,951
    KUBOTA CORP-SPONS ADR 4,932 4,932
    TOKYO ELECTRON LTD-UNSP ADR 4,928 4,928
    AGC INC - ADR 4,779 4,779
    TORAY INDUSTRIES-UNSPON ADR 4,723 4,723
    HENKEL AG & CO- SPONS ADR 4,721 4,721
    FUJITSU LTD - UNSPON ADR 4,720 4,720
    BAYERISCHE MOTOREN WERKE A G 4,612 4,612
    VESTAS WIND SYSTEMS-UNSP ADR 4,608 4,608
    INTERTEK GROUP PLC-UNSP ADR 4,602 4,602
    KONINKLIJKE DSM NV-SPONS ADR 4,599 4,599
    CHR HANSEN HOLDING -SPON ADR 4,481 4,481
    NATURGY ENERGY GROUP S.A.ADR 4,479 4,479
    WESFARMERS LIMITED-UNSP ADR 4,458 4,458
    ENAGAS-UNSPONSORED ADR 4,457 4,457
    WPP PLC-SPONSORED ADR 4,384 4,384
    NOVOZYMES A/S-UNSPONS ADR 4,296 4,296
    CLP HOLDINGS LTD-SPONS ADR 4,245 4,245
    HENKEL KGAA-SPONS ADR PFD 4,178 4,178
    TELIASONERA AB-UNSPON ADR 4,143 4,143
    TENARIS SA-ADR 4,136 4,136
    SYMRISE AG-UNSPON ADR 4,131 4,131
    WHITBREAD PLC-SPON ADR 4,097 4,097
    MAZDA MOTOR CORP-UNSPON ADR 4,077 4,077
    TELENOR ASA-ADR 4,068 4,068
    SONOVA HOLDING-UNSPON ADR 4,065 4,065
    SKANDINAVISKA ENSKILDA-ADR 3,899 3,899
    WM MORRISON-UNSPON ADR 3,774 3,774
    J. SAINSBURY PLC-SPONS ADR 3,764 3,764
    MARUI LTD-UNSPON ADR 3,694 3,694
    HONG KONG & CHINA GAS-SP ADR 3,667 3,667
    TDK CORP-SPONSORED ADR 3,593 3,593
    NIKON CORP PLC-UNSPON ADR 3,539 3,539
    COLOPLAST A/S ADR 3,524 3,524
    STMICROELECTRONICS NV-NY SHS 3,512 3,512
    RWE AKTIENGESELLSCHAF-SP ADR 3,459 3,459
    CARREFOUR SA-SP ADR 3,413 3,413
    ASSOC BRITISH FOODS-UNSP ADR 3,309 3,309
    TELSTRA CORP-ADR 3,201 3,201
    ATLAS COPCO AB-SPON ADR B SH 3,193 3,193
    CREDIT AGRICOLE SA-UNSP ADR 3,177 3,177
    CAIXABANK- UNSPON ADR 3,130 3,130
    KAJIMA CORP-UNSPONSORED ADR 3,115 3,115
    SUMITOMO CHEMICAL CO-UNS ADR 3,087 3,087
    ADR RENAULT SA-UNSP 3,063 3,063
    BURBERRY GROUP PLC-SPON ADR 3,034 3,034
    SYSMEX CORP-UNSPON ADR 2,941 2,941
    COCA-COLA HBC AG-UNSN ADR 2,919 2,919
    ADECCO GROUP S.A 2,914 2,914
    INPEX CORP-UNSPON ADR 2,891 2,891
    VOPAK-UNSPONSORED ADR 2,869 2,869
    NORSK HYDRO AS-SPONS ADR 2,851 2,851
    MARKS & SPENCER PLC-ADR 2,847 2,847
    YOKOGAWA ELECTRIC - ADR 2,807 2,807
    SKF AB-SPONSORED ADR 2,798 2,798
    MARINE HARVEST ASA- SPON ADR 2,797 2,797
    UMICORE GROUP ADR 2,741 2,741
    ATOS ORIGIN SA - UNSP ADR 2,699 2,699
    KONINKLIJKE KPN NV - SP ADR 2,674 2,674
    HENNES & MAURITZ AB-UNSP ADR 2,661 2,661
    ITV PLC-UNSPON ADR 2,658 2,658
    NITTO DENKO CORP-UNSPONS ADR 2,655 2,655
    KEPPEL CORP LTD-SPONS ADR 2,640 2,640
    HANG SENG BANK-SPONSORED ADR 2,551 2,551
    FORTESCUE METALS-SPON ADR 2,529 2,529
    LENDLEASE CORPORATION LIMITED 2,487 2,487
    NSK LTD-UNSPONSORED ADR 2,455 2,455
    GENMAB A/S -SP ADR 2,438 2,438
    STORA ENSO OYJ-SPONS ADR 2,380 2,380
    KURARAY CO LTD-UNSPON ADR 2,373 2,373
    GRIFOLS SA-ADR 2,350 2,350
    H LUNDBECK A/S-SPN ADR 2,288 2,288
    ENERGIAS DE PORTUGAL-SP ADR 2,265 2,265
    CASIO COMPUTER CO-UNSPON ADR 2,227 2,227
    ROYAL MAIL PLC-UNSP ADR 2,216 2,216
    YASKAWA ELEC CORP ADR 2,054 2,054
    HEIDELBERGCEMENT AG-UNSP ADR 2,053 2,053
    RAKUTEN INC-ADR 2,042 2,042
    TECHTRONIC INDUSTRIES-SP ADR 2,021 2,021
    GALP ENERGIA SGPS-UNSPON ADR 2,002 2,002
    OMV AG-BEARER SHRS ADR 1,994 1,994
    AEGON N.V.-NY REG SHR 1,948 1,948
    T&D HLDGS INC 1,840 1,840
    YAMAHA CORP-SPONSORED ADR 1,798 1,798
    KINGFISHER PLC-SPONS ADR 1,770 1,770
    INGENICO-UNSP ADR 1,708 1,708
    COMMERZBANK AG-SPONS ADR 1,645 1,645
    SUMITOMO METAL MININ-UNS ADR 1,585 1,585
    EASYJET PLC SPONSORED ADR NE 1,585 1,585
    PANDORA A/S ADR 1,584 1,584
    BANK HAPOALIM LTD-ADR 1,171 1,171
    PEARSON PLC-SPONSORED ADR 1,039 1,039
    SHARP CORP ADR 977 977
    CITY DEVELOPMENTS-SPONS ADR 817 817
    ISHARES MSCI INDIA ETF 1,098,986 1,098,986
    ISHARES MSCI CHINA ETF 1,019,197 1,019,197
    ISHARES CORE MSCI EMERGING 499,177 499,177
    ISHARES INC MSCI JAPAN NEW 1,633,232 1,633,232
    US DOLLAR 486,727 486,727
    BERKSHIRE HATHAWAY INC-CL B 372,629 372,629
    US DOLLAR 321,744 321,744
    COMCAST CORP-CLASS A 314,077 314,077
    UNITEDHEALTH GROUP INC 292,716 292,716
    BERKSHIRE HATHAWAY INC-CL B 287,077 287,077
    TWENTY-FIRST CENTURY FOX - B 286,919 286,919
    ALPHABET INC/CA-CL C 284,793 284,793
    WELLS FARGO & CO 274,130 274,130
    JPMORGAN CHASE & CO 269,724 269,724
    CITIGROUP INC 263,944 263,944
    AMAZON.COM INC 258,339 258,339
    ALPHABET INC/CA-CL C 256,831 256,831
    CISCO SYSTEMS INC 220,030 220,030
    CHUBB LTD 203,200 203,200
    HCA HEALTHCARE INC 201,733 201,733
    ORACLE CORP 201,279 201,279
    MARRIOTT INTERNATIONAL -CL A 198,231 198,231
    CSX CORP 195,523 195,523
    US FOODS HOLDING CORP 194,586 194,586
    MOTOROLA SOLUTIONS INC 194,188 194,188
    LIBERTY GLOBAL PLC-SERIES C 191,952 191,952
    GOLDMAN SACHS GROUP INC 188,599 188,599
    3M CO 157,005 157,005
    BROOKFIELD ASSET MANAGE-CL A 153,400 153,400
    INTERCONTINENTAL EXCHANGE IN 151,338 151,338
    CHEVRON CORP 150,674 150,674
    MERCK & CO. INC. 148,235 148,235
    STANLEY BLACK & DECKER INC 146,801 146,801
    SCHWAB (CHARLES) CORP 144,691 144,691
    AON PLC 142,889 142,889
    GENERAL MOTORS CO 140,490 140,490
    BANK OF AMERICA CORP 135,274 135,274
    CME GROUP INC 131,684 131,684
    GOLDMAN SACHS GROUP INC 124,118 124,118
    FACEBOOK INC-A 120,734 120,734
    ANALOG DEVICES INC 120,162 120,162
    PAYPAL HOLDINGS INC 119,071 119,071
    MORGAN STANLEY 113,994 113,994
    JOHNSON & JOHNSON 110,338 110,338
    ALPHABET INC/CA-CL A 109,721 109,721
    BALL CORP 109,662 109,662
    ROCKWELL AUTOMATION INC 108,195 108,195
    CONOCOPHILLIPS 107,866 107,866
    MCDONALD'S CORP 105,832 105,832
    HOME DEPOT INC 105,669 105,669
    PNC FINANCIAL SERVICES GROUP 104,634 104,634
    MOHAWK INDUSTRIES INC 102,691 102,691
    EOG RESOURCES INC 102,385 102,385
    TEXAS INSTRUMENTS INC 97,808 97,808
    ELI LILLY & CO 94,890 94,890
    AMAZON.COM INC 93,122 93,122
    ACTIVISION BLIZZARD INC 92,348 92,348
    OCCIDENTAL PETROLEUM CORP 90,842 90,842
    AIR PRODUCTS & CHEMICALS INC 90,428 90,428
    TRAVELERS COS INC/THE 89,813 89,813
    CHARTER COMMUNICATIONS INC-A 88,341 88,341
    VERIZON COMMUNICATIONS INC 85,173 85,173
    TRIPADVISOR INC 84,200 84,200
    ANALOG DEVICES INC 79,822 79,822
    HILL-ROM HOLDINGS INC 79,695 79,695
    ILLINOIS TOOL WORKS 78,168 78,168
    NEXTERA ENERGY INC 77,350 77,350
    LIBERTY BROADBAND-C 76,352 76,352
    BARCLAYS PLC-SPONS ADR 74,050 74,050
    SHERWIN-WILLIAMS CO/THE 73,184 73,184
    DOVER CORP 70,595 70,595
    LOWE'S COS INC 69,455 69,455
    DISH NETWORK CORP-A 69,367 69,367
    COMCAST CORP-CLASS A 68,849 68,849
    HARTFORD FINANCIAL SVCS GRP 68,453 68,453
    CVS HEALTH CORP 65,258 65,258
    STANLEY BLACK & DECKER INC 62,864 62,864
    XCEL ENERGY INC 62,819 62,819
    MEDTRONIC PLC 62,762 62,762
    METHANEX CORP 62,621 62,621
    FIDELITY NATIONAL INFO SERV 62,556 62,556
    AERCAP HOLDINGS NV 61,380 61,380
    BRISTOL-MYERS SQUIBB CO 61,336 61,336
    BECTON DICKINSON AND CO 60,836 60,836
    METLIFE INC 59,332 59,332
    JOHNSON & JOHNSON 59,105 59,105
    AVALONBAY COMMUNITIES INC 58,307 58,307
    STARBUCKS CORP 57,638 57,638
    CVS HEALTH CORP 57,002 57,002
    BB&T CORP 56,706 56,706
    US BANCORP 55,663 55,663
    3M CO 54,876 54,876
    NORFOLK SOUTHERN CORP 54,582 54,582
    HILTON WORLDWIDE HLDGS INC 54,065 54,065
    REPUBLIC SERVICES INC 53,779 53,779
    CHUBB LTD 52,576 52,576
    EXXON MOBIL CORP 50,392 50,392
    ABBOTT LABORATORIES 50,269 50,269
    ALPHABET INC/CA-CL A 50,158 50,158
    ECOLAB INC 50,099 50,099
    CMS ENERGY CORP 49,898 49,898
    NISOURCE INC 49,306 49,306
    SCOTTS MIRACLE-GRO CO-CL A 49,168 49,168
    FACEBOOK INC-A 49,159 49,159
    CAPITAL ONE FINANCIAL CORP 47,622 47,622
    SIMON PROPERTY GROUP INC 47,037 47,037
    ARTHUR J GALLAGHER & CO 46,947 46,947
    GENUINE PARTS CO 46,378 46,378
    UNITEDHEALTH GROUP INC 44,094 44,094
    ANADARKO PETROLEUM CORP 43,840 43,840
    GILEAD SCIENCES INC 43,785 43,785
    VISA INC-CLASS A SHARES 43,672 43,672
    NOBLE ENERGY INC 42,210 42,210
    BANK OF AMERICA CORP 40,976 40,976
    M & T BANK CORP 40,935 40,935
    RPM INTERNATIONAL INC 40,676 40,676
    HASBRO INC 39,813 39,813
    PUBLIC SERVICE ENTERPRISE GP 39,558 39,558
    MERCK & CO. INC. 39,351 39,351
    AUTOMATIC DATA PROCESSING 39,336 39,336
    VERIZON COMMUNICATIONS INC 38,848 38,848
    GENERAL ELECTRIC CO 38,796 38,796
    AT&T INC 38,386 38,386
    DISCOVER FINANCIAL SERVICES 38,337 38,337
    INTEL CORP 38,201 38,201
    PROGRESSIVE CORP 38,008 38,008
    EXXON MOBIL CORP 37,505 37,505
    HOME DEPOT INC 37,285 37,285
    COCA-COLA CO/THE 35,844 35,844
    VORNADO REALTY TRUST 34,737 34,737
    CHEVRON CORP 34,595 34,595
    SEALED AIR CORP 33,969 33,969
    MASTERCARD INC-CLASS A 33,957 33,957
    ACCENTURE PLC-CL A 33,842 33,842
    CULLEN/FROST BANKERS INC 33,417 33,417
    CINCINNATI FINANCIAL CORP 33,291 33,291
    WELLS FARGO & CO 32,993 32,993
    THE KRAFT HEINZ CO 32,280 32,280
    BOSTON PROPERTIES INC 32,077 32,077
    TIFFANY & CO 30,996 30,996
    VALERO ENERGY CORP 30,738 30,738
    WALT DISNEY CO/THE 29,386 29,386
    ORACLE CORP 27,361 27,361
    ABBOTT LABORATORIES 26,473 26,473
    MEDTRONIC PLC 26,469 26,469
    WYNDHAM HOTELS & RESORTS INC 26,315 26,315
    DEERE & CO 26,105 26,105
    WALMART INC 25,337 25,337
    DOWDUPONT INC 25,189 25,189
    VF CORP 24,755 24,755
    ADOBE INC. 24,660 24,660
    MOLSON COORS BREWING CO -B 24,149 24,149
    SALESFORCE.COM INC 23,559 23,559
    CITIGROUP INC 23,375 23,375
    UNION PACIFIC CORP 23,361 23,361
    NETFLIX INC 23,286 23,286
    DTE ENERGY COMPANY 23,163 23,163
    ABBVIE INC 22,863 22,863
    SCHLUMBERGER LTD 22,803 22,803
    ELI LILLY & CO 22,681 22,681
    ALEXANDRIA REAL ESTATE EQUIT 22,472 22,472
    AMGEN INC 22,192 22,192
    HONEYWELL INTERNATIONAL INC 22,064 22,064
    UNITED TECHNOLOGIES CORP 21,722 21,722
    THERMO FISHER SCIENTIFIC INC 21,708 21,708
    COSTCO WHOLESALE CORP 21,186 21,186
    SNAP-ON INC 21,067 21,067
    TEXAS INSTRUMENTS INC 20,696 20,696
    NEXTERA ENERGY INC 20,685 20,685
    INTL BUSINESS MACHINES CORP 19,892 19,892
    MARSH & MCLENNAN COS 19,539 19,539
    CATERPILLAR INC 18,679 18,679
    LIBERTY TRIPADVISOR HDG-A 18,671 18,671
    BROADCOM INC 18,562 18,562
    ANTHEM INC 18,121 18,121
    AMERICAN EXPRESS CO 17,920 17,920
    US BANCORP 17,366 17,366
    AMERICAN TOWER CORP 17,243 17,243
    NVIDIA CORP 16,955 16,955
    CONOCOPHILLIPS 16,897 16,897
    BRISTOL-MYERS SQUIBB CO 16,790 16,790
    CME GROUP INC 16,743 16,743
    DUKE ENERGY CORP 16,742 16,742
    QUALCOMM INC 16,675 16,675
    STARBUCKS CORP 16,551 16,551
    UNITED PARCEL SERVICE-CL B 16,483 16,483
    INTUIT INC 15,748 15,748
    BOOKING HOLDINGS INC 15,502 15,502
    SIMON PROPERTY GROUP INC 14,951 14,951
    ZOETIS INC 14,456 14,456
    TJX COMPANIES INC 14,406 14,406
    AMERICAN ELECTRIC POWER 13,827 13,827
    ECOLAB INC 13,704 13,704
    RED HAT INC 13,349 13,349
    CROWN CASTLE INTL CORP 13,144 13,144
    SOUTHERN CO/THE 13,132 13,132
    BECTON DICKINSON AND CO 13,069 13,069
    BLACKROCK INC 12,963 12,963
    FIDELITY NATIONAL INFO SERV 12,716 12,716
    KIMBERLY-CLARK CORP 12,647 12,647
    PNC FINANCIAL SERVICES GROUP 12,392 12,392
    ILLINOIS TOOL WORKS 12,289 12,289
    WALGREENS BOOTS ALLIANCE INC 12,094 12,094
    AUTODESK INC 12,089 12,089
    LINDE PLC 12,015 12,015
    GILEAD SCIENCES INC 12,010 12,010
    ESTEE LAUDER COMPANIES-CL A 11,969 11,969
    CIGNA CORP 11,965 11,965
    ACCENTURE PLC-CL A 11,845 11,845
    CORNING INC 11,570 11,570
    AMPHENOL CORP-CL A 11,505 11,505
    VERTEX PHARMACEUTICALS INC 11,434 11,434
    CHARTER COMMUNICATIONS INC-A 11,399 11,399
    PUBLIC STORAGE 11,133 11,133
    GENERAL MOTORS CO 11,105 11,105
    CLOROX COMPANY 11,098 11,098
    CHURCH & DWIGHT CO INC 10,982 10,982
    DEERE & CO 10,889 10,889
    TE CONNECTIVITY LTD 10,739 10,739
    CONSOLIDATED EDISON INC 10,704 10,704
    OCCIDENTAL PETROLEUM CORP 10,680 10,680
    MCCORMICK & CO-NON VTG SHRS 10,582 10,582
    KEYSIGHT TECHNOLOGIES IN 10,554 10,554
    TRANSDIGM GROUP INC 10,542 10,542
    BIOGEN INC 10,532 10,532
    STRYKER CORP 10,502 10,502
    ALLSTATE CORP 10,494 10,494
    MONSTER BEVERAGE CORP 10,336 10,336
    CADENCE DESIGN SYS INC 10,305 10,305
    DOMINION ENERGY INC .COM 10,219 10,219
    CONSTELLATION BRANDS INC-A 10,132 10,132
    HARRIS CORP 10,099 10,099
    MARRIOTT INTERNATIONAL -CL A 10,096 10,096
    CITRIX SYSTEMS INC 10,041 10,041
    REPUBLIC SERVICES INC 10,021 10,021
    GENUINE PARTS CO 9,986 9,986
    AFLAC INC 9,841 9,841
    FORTINET INC 9,790 9,790
    SYNOPSYS INC 9,772 9,772
    XYLEM INC 9,541 9,541
    APPLIED MATERIALS INC 9,527 9,527
    CUMMINS INC 9,488 9,488
    HEWLETT PACKARD ENTERPRISE CO 9,485 9,485
    BROWN-FORMAN CORP-CLASS B 9,326 9,326
    AUTOMATIC DATA PROCESSING 9,310 9,310
    PHILLIPS 66 8,960 8,960
    SCHLUMBERGER LTD 8,948 8,948
    ANSYS INC 8,862 8,862
    TAKE-TWO INTERACTIVE SOFTWRE 8,853 8,853
    SEAGATE TECHNOLOGY 8,837 8,837
    NETAPP INC 8,771 8,771
    WELLTOWER INC 8,607 8,607
    ELECTRONIC ARTS INC 8,601 8,601
    GENERAL MILLS INC 8,567 8,567
    METTLER-TOLEDO INTERNATIONAL 8,484 8,484
    MARSH & MCLENNAN COS 8,294 8,294
    SNAP-ON INC 8,282 8,282
    CAPITAL ONE FINANCIAL CORP 8,239 8,239
    ALLERGAN PLC 8,153 8,153
    GENERAL ELECTRIC CO 8,153 8,153
    FEDEX CORP 8,067 8,067
    MORGAN STANLEY 8,049 8,049
    DANAHER CORP 7,734 7,734
    ADVANCED MICRO DEVICES 7,661 7,661
    FLIR SYSTEMS INC 7,532 7,532
    PARKER HANNIFIN CORP 7,457 7,457
    THE KRAFT HEINZ CO 7,403 7,403
    MICRON TECHNOLOGY INC 7,298 7,298
    WASTE MANAGEMENT INC 7,208 7,208
    PROGRESSIVE CORP 6,878 6,878
    BAXTER INTERNATIONAL INC 6,845 6,845
    NIKE INC -CL B 6,821 6,821
    KLA CORPORATION COM NEW 6,801 6,801
    TAPESTRY INC COM USD0.01 6,750 6,750
    BANK OF NEW YORK MELLON CORP 6,496 6,496
    DTE ENERGY COMPANY 6,397 6,397
    DELTA AIR LINES INC 6,337 6,337
    WYNN RESORTS LTD 6,330 6,330
    JOHNSON CONTROLS INTERNATIONAL PLC 6,286 6,286
    MOLSON COORS BREWING CO -B 6,009 6,009
    LEGGETT & PLATT INC 5,949 5,949
    ALIGN TECHNOLOGY INC 5,864 5,864
    EMERSON ELECTRIC CO 5,617 5,617
    CONAGRA FOODS INC 5,596 5,596
    XEROX CORPORATION 5,533 5,533
    WESTERN DIGITAL CORP 5,435 5,435
    METLIFE INC 5,420 5,420
    EXELON CORP 5,367 5,367
    TRAVELERS COS INC/THE 5,149 5,149
    CELGENE CORP 5,063 5,063
    AVALONBAY COMMUNITIES INC 5,047 5,047
    IPG PHOTONICS CORP 4,871 4,871
    ROSS STORES INC 4,826 4,826
    ARCONIC INC 4,771 4,771
    SEMPRA ENERGY 4,652 4,652
    HUMANA INC 4,584 4,584
    P G & E CORP 4,513 4,513
    REGENERON PHARMACEUTICALS 4,482 4,482
    AMERICAN INTERNATIONAL GROUP 4,414 4,414
    EQUINIX INC 4,231 4,231
    LAM RESEARCH CORP 4,221 4,221
    VENTAS INC 4,218 4,218
    FORD MOTOR CO 4,032 4,032
    HALLIBURTON CO 3,960 3,960
    AGILENT TECHNOLOGIES INC 3,845 3,845
    EDWARDS LIFESCIENCES CORP 3,829 3,829
    EQUITY RESIDENTIAL 3,763 3,763
    HOLLYFRONTIER CORP 3,681 3,681
    YUM! BRANDS INC 3,677 3,677
    PRUDENTIAL FINANCIAL INC 3,588 3,588
    EBAY INC 3,509 3,509
    TARGET CORP 3,503 3,503
    BOSTON PROPERTIES INC 3,489 3,489
    VALERO ENERGY CORP 3,449 3,449
    KINDER MORGAN INC 3,414 3,414
    ANADARKO PETROLEUM CORP 3,332 3,332
    XILINX INC 3,322 3,322
    JM SMUCKER CO/THE 3,272 3,272
    FREEPORT-MCMORAN INC 3,248 3,248
    T ROWE PRICE GROUP INC 3,231 3,231
    DIGITAL REALTY TRUST INC 3,197 3,197
    MICROCHIP TECHNOLOGY INC 3,164 3,164
    PIONEER NATURAL RESOURCES CO 3,156 3,156
    MOODY'S CORP 3,081 3,081
    SYMANTEC CORP 3,080 3,080
    UNITED AIRLINES HLDGS INC 3,014 3,014
    CARNIVAL CORP 2,958 2,958
    REALTY INCOME CORP 2,774 2,774
    INTERNATIONAL PAPER CO 2,744 2,744
    INGERSOLL-RAND PLC 2,737 2,737
    WILLIS TOWERS WATSON PLC 2,733 2,733
    HORMEL FOODS CORP 2,732 2,732
    DISCOVER FINANCIAL SERVICES 2,654 2,654
    DOLLAR GENERAL CORP 2,486 2,486
    ESSEX PROPERTY TRUST INC 2,452 2,452
    NORTHERN TRUST CORP 2,424 2,424
    O'REILLY AUTOMOTIVE INC 2,410 2,410
    ZIMMER HOLDINGS INC 2,386 2,386
    ROYAL CARIBBEAN CRUISES LTD 2,347 2,347
    SYSCO CORP 2,318 2,318
    NEWMONT GOLDCORP CORP 2,287 2,287
    ALEXION PHARMACEUTICALS INC 2,239 2,239
    HCP INC 2,234 2,234
    MID-AMERICA APARTMENT COMM 2,201 2,201
    AMERISOURCEBERGEN CORP 2,083 2,083
    WILLIAMS COS INC 2,073 2,073
    AMERICAN AIRLINES GROUP INC 1,991 1,991
    ULTA BEAUTY INC 1,959 1,959
    QUEST DIAGNOSTICS INC 1,915 1,915
    APTIV PLC 1,909 1,909
    DOLLAR TREE INC 1,897 1,897
    PAYCHEX INC 1,889 1,889
    HASBRO INC 1,869 1,869
    DXC TECHNOLOGY CO 1,861 1,861
    IDEXX LABORATORIES INC 1,860 1,860
    WEYERHAEUSER CO 1,858 1,858
    CAMPBELL SOUP CO 1,814 1,814
    AMERIPRISE FINANCIAL INC 1,774 1,774
    INTL FLAVORS & FRAGRANCES 1,746 1,746
    PRINCIPAL FINANCIAL GROUP 1,723 1,723
    CBS CORP-CLASS B NON VOTING 1,705 1,705
    CARDINAL HEALTH INC 1,695 1,695
    FRANKLIN RESOURCES INC 1,691 1,691
    ONEOK INC 1,672 1,672
    LABORATORY CRP OF AMER HLDGS 1,643 1,643
    BEST BUY CO INC 1,642 1,642
    ALBEMARLE CORP 1,618 1,618
    VORNADO REALTY TRUST 1,613 1,613
    COTY INC-CL A 1,581 1,581
    CENTERPOINT ENERGY INC 1,581 1,581
    HARTFORD FINANCIAL SVCS GRP 1,556 1,556
    FMC CORP 1,553 1,553
    MARTIN MARIETTA MATERIALS 1,547 1,547
    OMNICOM GROUP 1,538 1,538
    FASTENAL CO 1,516 1,516
    NUCOR CORP 1,502 1,502
    SYNCHRONY FINANCIAL 1,478 1,478
    HOST HOTELS & RESORTS INC 1,467 1,467
    F5 NETWORKS INC 1,458 1,458
    CABOT OIL & GAS CORP 1,453 1,453
    CONCHO RESOURCES INC 1,439 1,439
    INTUITIVE SURGICAL INC 1,437 1,437
    CERNER CORP 1,416 1,416
    HENRY SCHEIN INC 1,413 1,413
    DEVON ENERGY CORP 1,397 1,397
    KEYCORP 1,375 1,375
    TIFFANY & CO 1,369 1,369
    CHIPOTLE MEXICAN GRILL INC 1,295 1,295
    VULCAN MATERIALS CO 1,284 1,284
    MARATHON OIL CORP 1,147 1,147
    SKYWORKS SOLUTIONS INC 1,139 1,139
    UNITED RENTALS INC 1,128 1,128
    EQUIFAX INC 1,118 1,118
    VIACOM INC-CLASS B 1,105 1,105
    ALASKA AIR GROUP INC 1,095 1,095
    BAKER HUGHES A GE CO COM USD0.0001 CL A 1,054 1,054
    PVH CORP 1,022 1,022
    HESS CORP 1,013 1,013
    JUNIPER NETWORKS INC 996 996
    TECHNIPFMC PLC 979 979
    HELMERICH & PAYNE 959 959
    APACHE CORP 945 945
    EXPEDIA GROUP INC 901 901
    ALLIANCE DATA SYSTEMS CORP 900 900
    HANESBRANDS INC 877 877
    NATIONAL OILWELL VARCO INC 874 874
    CIMAREX ENERGY CO 801 801
    WESTROCK COMPANY 793 793
    MATTEL INC 659 659
    DISH NETWORK CORP-A 649 649
    PERRIGO CO PLC 620 620
    RESIDEO TECHNOLOGIES INC 555 555
    ISHARES RUSSELL MIDCAP INDEX FUND 2,485,564 2,485,564
    SPDR S&P OIL & GAS EXP & PR 364,814 364,814

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    US Government Securities - End of Year Book Value:

    2,755,352
    US Government Securities - End of Year Fair Market Value:

    2,755,352
    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:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES GOLD TRUST FMV 830,190 830,190
    OCH-ZIFF OZOFII PRIVATE INVESTORS OFFSHORE LTD. CLASS G PRIME - NEW ISSUES I FMV 1,107,554 1,107,554
    COATUE OFFSHORE FUND, LTD. CLASS B SUB CLASS D-1 TRANCHE 6R - NEW ISSUES INE FMV 1,054,657 1,054,657
    THIRD POINT OFFSHORE FUND, LTD. CLASS F - NEW ISSUES INELIGIBLE - LEAD SERIE FMV 964,490 964,490
    BW PRIVATE INVESTORS OFFSHORE, LTD. CLASS A - LEAD SERIES 01-18 FMV 645,839 645,839
    THE WINTON FUND LIMITED TRANCHE B - NEW ISSUES INELIGIBLE - LEAD SERIES FMV 636,545 636,545
    1992 TACTICAL CREDIT FUND, LTD. CLASS A FMV 489,941 489,941
    PERSHING SQUARE INTERNATIONAL, LTD. CLASS E - SERIES 1E FMV 308,054 308,054
    MANIKAY OFFSHORE FUND, LTD. - 5% HOLDBACK FMV 33,139 33,139
    SILVER LAKE PARTNERS IV (SLP IV) PRIVATE INVESTORS, L.P. (OFFSHORE INVESTORS FMV 675,780 675,780
    L CAPITAL ASIA 2 PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A FMV 568,009 568,009
    HPS MEZZANINE PRIVATE INVESTORS III LP OFFSHORE FMV 526,410 526,410
    PEG DIGITAL GROWTH FUND OFFSHORE SPECIAL II LP FMV 513,788 513,788
    CD&R FUND IX PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A FMV 450,766 450,766
    RIVERSTONE GLOBAL ENERGY AND POWER PRIVATE INVESTORS V, LP (OFFSHORE) CLASS FMV 412,870 412,870
    VINTAGE 2015 PRIVATE INVESTMENTS, OFFSHORE (LESS THAN $1M) FMV 383,380 383,380
    WARBURG PINCUS ENERGY PRIVATE INVESTORS OFFSHORE 2, L.P. FMV 335,292 335,292
    GSO PRIVATE INVESTORS OFFSHORE II, LP CLASS A FMV 317,959 317,959
    BENEFIT STREET PARTNERS IV OFFSHORE LP (PROVIDENCE OFFSHORE) FMV 282,073 282,073
    SLP V PRIVATE INVESTORS OFFSHORE LP FMV 106,617 106,617
    CLARION PRIVATE INVESTORS, LLC (LESS THAN $10MM) CASH - LEAD SERIES FMV 523,759 523,759
    TORTOISE MLP & PIPELINE-INST FMV 360,327 360,327
    STARWOOD SOF X PRIVATE INVESTORS OFFSHORE, L.P. FMV 198,257 198,257
    CRP VIII (CARLYLE) PRIVATE INVESTORS OFFSHORE, L.P. FMV 37,338 37,338
    PRIVATE EQUITY FMV 4,286,354 4,286,354

    TY 2018 LandEtcSchedule2
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 3,505 405 3,100 3,100
    COMPUTER EQUIPMENT & SOFTWARE 30,885 30,101 784 783
    WEBSITE 63,648 41,648 22,000 22,000
    OFFICE FURNITURE 23,105 18,091 5,014 5,014


    TY 2018 LegalFeesSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 384 0   384


    TY 2018 OtherAssetsSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 9,562 9,562 9,562


    TY 2018 OtherDecreasesSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 5,172,805


    TY 2018 OtherExpensesSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO DEDUCTIONS PTSP'S 56,919 56,919   0
    OFFICE 9,516 0   9,516
    INSURANCE 3,717 0   3,717
    INFORMATION TECHNOLOGY 21,871 0   21,871
    DUES & SUBSCRIPTIONS 6,432 0   6,432
    PAYROLL PROCESSING FEES 2,836 0   2,836
    OTHER GRANT RELATED EXPENSES 12,870 0   12,870


    TY 2018 OtherIncomeSchedule2
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PTSP'S 51,644 51,644 51,644
    TAX REFUNDS 6,201 0 6,201
    ROYALTY INCOME FROM PTSP'S 3,501 3,501 3,501
    RENTAL INCOME FROM PTSP'S -1,842 -1,842 -1,842


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHARITY ADVISOR & MGMT ASSIST. 71,668 0   71,668
    INVESTMENT MANAGEMENT FEES 380,513 380,513   0


    TY 2018 TaxesSchedule
    Name:
    WILLIAM S ABELL FOUNDATION INC
    EIN:
    52-1435573
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE TAXES - UBTI 3,369 0   0
    FOREIGN INCOME TAXES 36,826 36,826   0
    STATE FRANCHISE TAXES 60 0   0