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
Carl and Marilynn Thoma Art Foundation
 
% CARL D THOMA
Number and street (or P.O. box number if mail is not delivered to street address)231 DELGADO STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87501
A Employer identification number

46-5446388
B Telephone number (see instructions)

(312) 254-3360
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$174,734,641J 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) 11,750,405
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,014,091 2,903,637 5,014,091
5a Gross rents............ 4,814 4,814 4,814
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,358,789
b Gross sales price for all assets on line 6a 46,820,187
7 Capital gain net income (from Part IV, line 2)... 9,023,666
8 Net short-term capital gain......... 319,812
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 0 767,938 0
12 Total. Add lines 1 through 11........ 23,128,099 12,700,055 5,338,717
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 316,939     315,589
15 Pension plans, employee benefits....... 39,025     38,050
16a Legal fees (attach schedule)......... Click to see attachment 24,494 0 0 24,494
b Accounting fees (attach schedule)....... Click to see attachment 28,765 14,383 14,383 14,382
c Other professional fees (attach schedule).... Click to see attachment 181,707 95,582 95,555 74,154
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 298,070 0 0 12,808
19 Depreciation (attach schedule) and depletion... Click to see attachment 80,986 3,071 3,071
20 Occupancy.............. 88,508     70,402
21 Travel, conferences, and meetings....... 210,125     176,496
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 143,714 234,905 0 132,578
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,412,333 347,941 113,009 858,953
25 Contributions, gifts, grants paid....... 79,000 79,000
26 Total expenses and disbursements. Add lines 24 and 25 1,491,333 347,941 113,009 937,953
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 21,636,766
b Net investment income (if negative, enter -0-) 12,352,114
c Adjusted net income (if negative, enter -0-)... 5,225,708
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............. 94,020 8,300 8,300
2 Savings and temporary cash investments......... 11,864,232 15,606,030 15,606,030
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) bullet1,000,000
Less: allowance for doubtful accounts bullet   1,000,000 Click to see attachment1,000,000  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 3,553 10,925 10,925
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment516,793 516,793
b Investments—corporate stock (attach schedule)....... 6,667,560 Click to see attachment20,591,664 20,591,664
c Investments—corporate bonds (attach schedule)....... 56,951,965 Click to see attachment30,480,468 30,480,468
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 60,052,899 Click to see attachment78,655,685 78,655,685
14 Land, buildings, and equipment: basis bullet7,497,076
Less: accumulated depreciation (attach schedule) bullet178,467 1,980,088 Click to see attachment7,318,609 7,318,609
15 Other assets (describe bullet) Click to see attachment17,504,025 Click to see attachment21,546,167 Click to see attachment21,546,167
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 156,118,342 175,734,641 174,734,641
Liabilities 17 Accounts payable and accrued expenses.......... 17,966 43,300
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)......... 17,966 43,300
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 156,100,376 175,691,341
30 Total net assets or fund balances (see instructions)..... 156,100,376 175,691,341
31 Total liabilities and net assets/fund balances (see instructions). 156,118,342 175,734,641
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
156,100,376
2
Enter amount from Part I, line 27a .....................
2
21,636,766
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
177,737,142
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,045,801
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
175,691,341
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 STCG PUBLICLY TRADED SECURITIES      
b LTCG PUBLICLY TRADED SECURITIES      
c STCG ON FUTURES OPTIONS      
d STCG ON THOMA BRAVO CREDIT FUND I, LP      
e STCG ON THOMA BRAVO DISCOVER FUND, LP      
STCL ON SEGALL BRYANT & HAMILL      
LTCG ON THOMA BRAVO FUND X, LP      
LTCG ON THOMA BRAVO SPECIAL OPPORTUNITIES FUND I, LP      
LTCG ON THOMA BRAVO SPECIAL OPPORTUNITIES FUND II, LP      
LTCG ON THOMA BRAVO FUND XII GLOBAL, LP      
LTCG ON SEGALL BRYANT & HAMILL      
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 20,356,251   20,031,573 324,678
b 17,915,382   17,748,552 166,830
c 853,711     853,711
d 142     142
e 1,560     1,560
    16,181 -16,181
4,173,138     4,173,138
1,584,000     1,584,000
746,591     746,591
1,183,270     1,183,270
5,687     5,687
      240
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       324,678
b       166,830
c       853,711
d       142
e       1,560
      -16,181
      4,173,138
      1,584,000
      746,591
      1,183,270
      5,687
       
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 9,023,666
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 3 319,812
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      
2016      
2015      
2014      
2013      
2
Total of line 1, column (d) .....................
2
 
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
 
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4,.............
8
 
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 1 247,042
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 247,042
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 247,042
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 217,088
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 317,088
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 70,046
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet70,046 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
 
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)
    bulletNM
    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
    Yes
     
    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 addressbulletWWW.THOMAFOUNDATION.ORG
    14
    The books are in care ofbulletCARL D THOMA Telephone no.bullet (312) 254-3360

    Located atbullet875 NORTH MICHIGAN AVENUE SUITE 13CHICAGOIL ZIP+4bullet60611
    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
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........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
    CARL D THOMA PRESIDENT
    5.0     		0 0 0
    875 North Michigan Ave Suite 1310
    Chicago,IL60611
    MARILYNN J THOMA TREASURER
    5.0     		0 0 0
    875 NORTH MICHIGAN AVE SUITE 1310
    CHICAGO,IL60611
    GARY S HART SECRETARY
    5.0     		0 0 0
    475 HALF DAY ROAD SUITE 250
    LINCOLNSHIRE,IL60069
    Margo E Thoma Director
    1.0     		0 0 0
    231 DELGADO STREET
    SANTA FE,NM87501
    Mark D Thoma Director
    1.0     		0 0 0
    231 DELGADO STREET
    SANTA FE,NM87501
    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
    STACI BORIS ASSOCIATE DIRECTOR
    40.0     		51,442 0 0
    875 N MICHIGAN AVE
    CHICAGO,IL60611
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROMOTE THE STUDY, UNDERSTANDING AND ENJOYMENT OF VISUAL ARTS. ACTIVITIES INCLUDE ORGANIZING (CONTINUED ON FOOTNOTE 1) 4,759,124
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    52,301,059
    b
    Average of monthly cash balances.......................
    1b
    9,508,770
    c
    Fair market value of all other assets (see instructions)................
    1c
    77,147,927
    d
    Total (add lines 1a, b, and c).........................
    1d
    138,957,756
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    138,957,756
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,084,366
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    136,873,390
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,843,670
    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
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    937,953
    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
    3,821,171
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,759,124
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,759,124
    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  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
    2014-10-27
    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
    5,225,708 2,397,681 1,194,566 877,552 9,695,507
    b 85% of line 2a ......... 4,441,852 2,038,029 1,015,381 745,919 8,241,181
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		4,759,124 5,033,817 2,428,563 2,943,960 15,165,464
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		  544,575 486,855 188,494 1,219,924
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		4,759,124 4,489,242 1,941,708 2,755,466 13,945,540
    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)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		4,562,447 4,205,420 3,348,797 1,468,736 13,585,400
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    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).)
    CARL D THOMA
    MARILYNN J THOMA
    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:
    Savanh Denton
    231 Delgado St
    Santa Fe,NM57501
    (505) 995-0231
    bThe form in which applications should be submitted and information and materials they should include:
    Please see the website for the application process: HTTPS://THOMAFOUNDATION.ORG/GRANTS/
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Must be art related and a 501(c)(3) organization.
    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
    Mary Flanagan
    231 Delgado Street
    Santa Fe,NM87501     		None I Writing Fellowship Awards 40,000
    Dawn Chan
    231 Delgado Street
    Santa Fe,NM87501     		None I Writing Fellowship Awards 20,000
    Becky Bivens
    231 Delgado Street
    Santa Fe,NM87501     		None I Fellowship 10,000
    Stuart Comer
    231 Delgado Street
    Santa Fe,NM87501     		None I Honorarium 2,000
    Kathleen Forde
    231 Delgado Street
    Santa Fe,NM87501     		None I Honorarium 2,000
    Thomas BF Cummins
    231 Delgado Street
    Santa Fe,NM87501     		None I Honorarium 2,000
    Luisa Elena Alcala
    231 Delgado Street
    Santa Fe,NM87501     		None I Honorarium 2,000
    University of New Mexico
    700 Lomas Blvd NE Ste 108
    Albequerque,NM87102     		None PC Tilcara Webb scholarship 1,000
    Total .................................bullet 3a 79,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 5,014,091  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 4,814  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,358,789  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   11,377,694  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,377,694
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    46-5446388
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Carl and Marilynn Thoma Art Foundation
          		Employer identification number
    46-5446388
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CARL MARILYNN THOMA  
    159 EAST WALTON PLACE 33A
     
    CHICAGO, IL60611

    		$ 11,750,405


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    46-5446388
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 500,000 shares of Sail Point $ 11,572,500 2018-12-19
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Carl and Marilynn Thoma Art Foundation
          		Employer identification number

    46-5446388
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX & ACCOUNTING 28,765 14,383 14,383 14,382

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

    TY 2018 DepreciationSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    WINDOW SHADES 2014-10-07 940 238 M7   113      
    DESKS, CHAIRS & WO 2014-10-07 747 189 M7   89      
    2 VIEWING BENCHES 2014-10-07 820 209 M7   99      
    ROOM DIVIDER 2014-11-07 435 111 M7   53      
    CREDENZA 2014-11-07 520 132 M7   63      
    PRINTER 2014-12-09 1,099 361 M5   135      
    LAND IMPROVEMENTS 2014-06-04 1,688 203 M15   122      
    LEASEHOLD IMPROVEM 2014-08-04 1,581 138 M39   41      
    BUILDING 2015-07-15 1,144,000 72,108 M39   29,332      
    LAND 2015-07-15 286,000   L          
    SAMSUNG MONITOR 2015-07-15 990 192 M7   149      
    SPEAKER STAND 2015-07-15 506 98 M7   76      
    CAMERA, TRIPOD 2015-07-28 3,598 698 M7   540      
    SOUND SYSTEM 2015-09-02 1,499 290 M7   225      
    OFFICE FURNITURE 2016-08-07 578 224 M7   101      
    COMPUTERS 2016-06-30 6,581 3,422 M5   1,264      
    927 BACA BUILDING 2017-01-12 500,000 12,305 M39   22,727      
    927 BACA LAND 2017-01-12 125,000   L          
    GALLERY REFRIGERAT 2017-03-07 989 141 M7   242      
    GREENWAY BUILDING 2018-12-27 2,869,649   M39   3,071      
    GREENWAY LAND 2018-12-27 717,412   L          
    91ST BUILDING 2018-04-20 1,462,921   M39   26,611      
    91ST LAND 2018-04-20 355,577   L          
    LAPTOP & MONITOR 2018-07-13 1,454   M5   291      
    FUJITSU CONDENSING 2018-07-18 8,541   M7   1,221      

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS 936,421 936,421
    AMERICAN TOWER CO. 536,005 536,005
    AT & T INC. 927,924 927,924
    CANADIAN PACIFIC RAILWAY 442,404 442,404
    CATERPILLAR FINANCIAL 1,105,590 1,105,590
    CBS CORP 1,189,547 1,189,547
    CONSTELLATION B 1,144,252 1,144,252
    CONTINENTAL AIRLINES 254,606 254,606
    CVS HEALTH CORP. 1,154,193 1,154,193
    DELTA AIR LINES 134,805 134,805
    DISCOVERY INC. 744,666 744,666
    DUKE ENERGY 908,822 908,822
    EASTMAN CHEMICAL 636,663 636,663
    EVERSOURCE ENERGY 150,323 150,323
    EXXON MOBIL CORP. 1,167,553 1,167,553
    J.B. HUNT TRANSPORTATION 580,992 580,992
    JOHN DEERE OWNER 87,351 87,351
    KANSAS CITY SOUTHERN 1,062,008 1,062,008
    KROGER COMPANY 659,692 659,692
    LOCKHEED MARTIN 611,507 611,507
    MAGELLAN MIDSTREAM 821,679 821,679
    MEAD JOHNSON NUTR 562,532 562,532
    MOLSON COORS BREWERY 1,153,512 1,153,512
    MOODY'S CORP 625,000 625,000
    NEVADA POWER CO 802,068 802,068
    OMNICOM GROUP INC. 1,084,188 1,084,188
    POTLATCHDELTIC CO 269,232 269,232
    PUBLIC SERVICE CO. OKLAHOMA 148,506 148,506
    QUEST DIAGNOSTICS 803,647 803,647
    REPUBLIC SERVICES 884,184 884,184
    SHELL INTERNATIONAL FINANCE 402,010 402,010
    SHERWIN WILLIAMS 1,105,472 1,105,472
    SOUTHERN COMPANY 769,644 769,644
    THE COCA-COLA C 338,313 338,313
    TOYOTA AUTO FIN 434,159 434,159
    UNITED AIRLINES 303,490 303,490
    UNITED CONTINENT 157,573 157,573
    VALERO ENERGY 1,173,423 1,173,423
    WALGREENS BOOTS ALLIANCE 1,013,703 1,013,703
    WEC ENERGY GROUP 922,917 922,917
    WEYERHAEUSER CO. 1,126,891 1,126,891
    WILLIAMS PARTNER 1,143,001 1,143,001

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AON PLC 15,408 15,408
    ACADIA HEALTHCARE CO INC 284,841 284,841
    ADOBE SYSTEMS INC. 27,828 27,828
    AIR LEASE CORP. 11,631 11,631
    ALLEGIANT TRAVEL COMPANY 8,318 8,318
    ALLETE INC. 11,433 11,433
    ALPHABET INC. 37,282 37,282
    AMAZON.COM INC. 42,055 42,055
    AMERICAN STATES WATER CO. 18,168 18,168
    AMERIS BANCORP 4,022 4,022
    AMPHENOL CORP. 15,556 15,556
    ANGIODYNAMICS INC. 172,112 172,112
    APPLE INC. 24,292 24,292
    ARAMARK CORPORATION 18,396 18,396
    ASTEC INDUSTRIES INC. 97,061 97,061
    AVERY DENNISON CORP. 25,063 25,063
    AZZ INCORPORATED 138,838 138,838
    BAXTER INTERNATIONAL 30,738 30,738
    BERKSHIRE HATHAWAY INC. 23,481 23,481
    BERRY GLOBAL 163,551 163,551
    BIO-TECHNE CORP. 13,459 13,459
    C S G SYSTEMS INTL 13,534 13,534
    C & J ENERGY SERVICES INC. 71,780 71,780
    CALIFORNIA WATER SERVICE GROUP 15,061 15,061
    CALLON PETROLEUM COMPANY 66,282 66,282
    CAMBREX CORPORATION 5,551 5,551
    CASEY'S GENERAL STORES, INC. 19,349 19,349
    CATALENT INC 15,434 15,434
    CHEMBIO DIAGNOSTIC SYSTEMS INC 3,492 3,492
    CHICOS FAS INC. 16,882 16,882
    CHIMERA INVESTMENT CORP. 9,480 9,480
    COMCAST CORPORATION 26,763 26,763
    COMMUNITY BANK SYSTEM, INC. 19,647 19,647
    CONCHO RESOURCES INC. 15,007 15,007
    CONDUENT INC. 8,408 8,408
    CONNECTICUT WATER SERVICE, INC 20,596 20,596
    CORE MARK HOLDING COMPANY 5,301 5,301
    DANAHER CORPORATION 25,264 25,264
    DOMINO'S PIZZA INC. 19,095 19,095
    EHEALTH INC. 3,650 3,650
    ENERSYS 160,653 160,653
    ENTERPRISE FINANCIAL SERVICES 16,821 16,821
    EQUITY COMMONWEALTH 282,544 282,544
    ESCO TECHNOLOGIES INC. 7,584 7,584
    ESTEE LAUDER CO. INC. 28,232 28,232
    FMC CORP 28,031 28,031
    FTI CONSULTING INC. 6,597 6,597
    FIREEYE INC. 100,583 100,583
    FIRST BUSEY CORPORATION 14,577 14,577
    FIRST REPUBLIC BANK 16,685 16,685
    FLIR SYSTEMS INC. 155,438 155,438
    FLOWERS FOODS INC. 86,717 86,717
    FOOT LOCKER INC. 7,288 7,288
    GENESCO INC. 3,367 3,367
    GENTHERM INC. 5,397 5,397
    GLATFELTER 123,571 123,571
    GREAT LAKES DREDGE CORP. 158,748 158,748
    GRUBHUB 18,127 18,127
    GUIDEWIRE SOFTWARE INC. 22,946 22,946
    HMS HOLDINGS CORP 3,122 3,122
    HAIN CELESTIAL GROUP 98,633 98,633
    HANGER INC 22,228 22,228
    HASBRO INC 27,544 27,544
    HEALTHCARE SERVICE GROUP 14,947 14,947
    HLTHCARE TR OF AMER 16,350 16,350
    HONEYWELL INTERNATIONAL INC. 26,292 26,292
    HORIZON PHARMA PLC 5,842 5,842
    HURON CONSULTING GROUP 17,497 17,497
    ICU MEDICAL INC 24,800 24,800
    IBERIABANK CORP. 171,499 171,499
    IHS MARKIT LTD 21,826 21,826
    INGEVITY CORP. 23,684 23,684
    INNOPHOS HOLDINGS 331,842 331,842
    ITT CORPORATION 125,019 125,019
    J. P. MORGAN CHASE & CO. 32,605 32,605
    JACK IN THE BOX INC. 161,082 161,082
    JOHNSON & JOHNSON 19,358 19,358
    KEYW HOLDING CORP. 82,642 82,642
    LAKELAND FINANCIAL 149,435 149,435
    MARATHON OIL CORPORATION 14,340 14,340
    MARVELL TECHNOLOGY GROUP LTD 20,254 20,254
    MC CORMICK & CO INC 16,987 16,987
    MERIDIAN BIOSCIENCE INC 9,652 9,652
    METTLER TOLEDO INTERNATIONAL 21,492 21,492
    MICRO FOCUS INTL PLC REG 1,695,123 1,695,123
    MICROCHIP TECHNOLOGY 29,271 29,271
    MICROSOFT CORPORATION 50,887 50,887
    NCR CORP 229,115 229,115
    NEW JERSEY RESOURCE CORP. 17,446 17,446
    NEWFIELD EXPLORATION 9,764 9,764
    NOVARTIS AG 18,621 18,621
    NTNL BANK HLDGS 132,371 132,371
    NUANCE COMMUNICATIONS INC. 75,649 75,649
    O'REILLY AUTOMOTIVE 26,169 26,169
    OASIS PETROLEUM INC 1,410 1,410
    ORTHOFIX MEDICAL 165,239 165,239
    PDC ENERGY INC. 7,380 7,380
    PHYSICIANS REALTY TR 18,803 18,803
    PILGRIM'S PRIDE CORPORATION 6,576 6,576
    PNM RESOURCES INC. 22,846 22,846
    PORTLAND GENERAL ELECTRIC CO. 17,469 17,469
    PREMIER INC. 101,032 101,032
    PROGRESS SOFTWARE CO. 256,025 256,025
    QUANEX BUILDING PRODUCTS 157,821 157,821
    RAYTHEON COMPANY 20,856 20,856
    RED LION HOTELS GROUP 7,159 7,159
    REDHAT INC. 19,847 19,847
    REINSURANCE GROUP OF AMERICA 29,729 29,729
    RENASANT CORPORATION 5,402 5,402
    RESIDEO TECHNOLOGIES INC 14,447 14,447
    ROPER TECHNOLOGIES 24,520 24,520
    S P X CORP 214,557 214,557
    S & P GLOBAL INC. 16,824 16,824
    SAILPOINT TECHNOLOGIES HOLDING 11,745,000 11,745,000
    SEACHANGE INTERNATIONAL INC. 5,434 5,434
    SEACOAST BANK CORP. 150,734 150,734
    SILGAN HOLDINGS INC. 158,915 158,915
    SPARTAN MOTORS INC. 89,746 89,746
    THERMO FISHER SCIENTIFIC 27,302 27,302
    TIER REIT INC 10,336 10,336
    TJX COMPANIES INC. 25,054 25,054
    TREEHOUSE FOODS INC. 174,950 174,950
    UMPQUA HOLDINGS CORP. 27,491 27,491
    UNITED COMMUNITY BANKS 148,525 148,525
    UNITEDHEALTH GROUP INC. 35,126 35,126
    VF CORPORATION 14,696 14,696
    VISA INC. 40,638 40,638
    WESBANCO INC. 147,971 147,971
    WORLD FUEL SERVICES CORP 85,212 85,212
    ZIONS BANCORPORATION 20,981 20,981
    ZOETIS INC. 24,208 24,208

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    US Government Securities - End of Year Book Value:

    516,793
    US Government Securities - End of Year Fair Market Value:

    516,793
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MILLENIUM INTERNATIONAL FMV 8,948,039 8,948,039
    SBH EMERGING MKTS SMALL CAP FMV 247,610 247,610
    TB CREDIT FUND I (ONSHORE) FMV 19,091,032 19,091,032
    THOMA BRAVO XII AIV FMV 2,711,255 2,711,255
    THOMA BRAVO DISCOVER AIV FMV 876,350 876,350
    THOMA BRAVO DISCOVER FUND FMV 3,128,080 3,128,080
    THOMA BRAVO DISCOVER FUND II FMV 1,191,092 1,191,092
    THOMA BRAVO DISCOVER GLOBAL FMV 773,184 773,184
    THOMA BRAVO SPEC OPPS FUND I FMV 3,822,986 3,822,986
    THOMA BRAVO SPEC OPPS FUND II FMV 6,458,286 6,458,286
    THOMA BRAVO X FMV 11,332,911 11,332,911
    THOMA BRAVO XII FMV 14,945,174 14,945,174
    THOMA BRAVO XII GLOBAL FMV 2,396,677 2,396,677
    THOMA BRAVO SOFI GLOBAL FMV 630,105 630,105
    WAUD CAPITAL PARTNERS OP IV FMV 2,102,904 2,102,904

    TY 2018 LandEtcSchedule2
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    WINDOW SHADES 940 821 119  
    DESKS, CHAIRS & WO 747 652 95  
    2 VIEWING BENCHES 820 718 102  
    ROOM DIVIDER 435 382 53  
    CREDENZA 520 455 65  
    PRINTER 1,099 1,046 53  
    LAND IMPROVEMENTS 1,688 1,169 519  
    LEASEHOLD IMPROVEM 1,581 179 1,402  
    BUILDING 1,144,000 101,440 1,042,560  
    LAND 286,000   286,000  
    SAMSUNG MONITOR 990 836 154  
    SPEAKER STAND 506 427 79  
    CAMERA, TRIPOD 3,598 3,037 561  
    SOUND SYSTEM 1,499 1,265 234  
    OFFICE FURNITURE 578 325 253  
    COMPUTERS 6,581 4,686 1,895  
    927 BACA BUILDING 500,000 35,032 464,968  
    927 BACA LAND 125,000   125,000  
    GALLERY REFRIGERAT 989 383 606  
    GREENWAY BUILDING 2,869,649 3,071 2,866,578  
    GREENWAY LAND 717,412   717,412  
    91ST BUILDING 1,462,921 26,611 1,436,310  
    91ST LAND 355,577   355,577  
    LAPTOP & MONITOR 1,454 291 1,163  
    FUJITSU CONDENSING 8,541 1,221 7,320  


    TY 2018 LegalFeesSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 24,494 0 0 24,494


    TY 2018 OtherAssetsSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 17,111,212 20,932,383 20,932,383
    MAXIM INTEREST RECEIVABLE 392,813 613,784 613,784


    TY 2018 OtherDecreasesSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Description Amount
    UNREALIZED LOSS 2,045,801


    TY 2018 OtherExpensesSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 53,458   0 51,625
    EXHIBITION INSTALLATIONS 27,898     27,898
    MARKETING 18,723     18,723
    REPAIRS & MAINTENANCE 13,848     10,327
    OFFICE EXPENSES 12,592     12,592
    INFORMATION TECHNOLOGY 4,724     4,724
    FREIGHT 3,519     3,519
    RESEARCH 1,707     1,707
    SUBSCRIPTIONS & DUES 1,664     1,463
    MISCELLANEOUS 5,581      
    K-1 EXPENSES   234,905    


    TY 2018 OtherIncomeSchedule2
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous From K-1s 0 767,938 0


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    TY 2018 OtherNotesLoansRcvblLongSch
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    MAXIM ENTERPRISES NOTE   1,000,000 1,000,000 2015-01 2020-01 ENTIRE PRINCIPAL UPON MATURITY, INTEREST PER ANNUM 15 %        

    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK & INVESTMENT FEES 107,553 95,582 95,555 0
    CURATORS & LECTURERS 53,300     53,300
    CONSULTING FEES 12,000     12,000
    ART HANDLERS 8,854     8,854


    TY 2018 TaxesSchedule
    Name:
    Carl and Marilynn Thoma Art Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 285,262 0 0  
    REAL ESTATE TAXES 12,808     12,808