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
THE LUDWIG FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1300 17TH STREET N NO 750
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ARLINGTON, VA22209
A Employer identification number

56-2305290
B Telephone number (see instructions)

(571) 777-9360
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$117,584,206J 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 82,743 82,743  
4 Dividends and interest from securities... 833,847 833,847  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,983,342
b Gross sales price for all assets on line 6a 33,759,315
7 Capital gain net income (from Part IV, line 2)... 6,983,342
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 1,518 1,518 0
12 Total. Add lines 1 through 11........ 7,901,450 7,901,450 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 158,500 31,700 0 126,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 33,046 6,609 0 26,437
16a Legal fees (attach schedule)......... Click to see attachment 7,000 1,400 0 5,600
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 82,500 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,172 1,835 0 7,337
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,526 2,105 0 8,421
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 300,744 43,649 0 174,595
25 Contributions, gifts, grants paid....... 6,292,893 6,292,893
26 Total expenses and disbursements. Add lines 24 and 25 6,593,637 43,649 0 6,467,488
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,307,813
b Net investment income (if negative, enter -0-) 7,857,801
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,170,636 1,147,578 1,147,578
2 Savings and temporary cash investments......... 2,265,526 5,329,100 5,333,040
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) 475,006 0 0
b Investments—corporate stock (attach schedule)....... 74,010,536 Click to see attachment81,389,007 108,963,432
c Investments—corporate bonds (attach schedule)....... 9,608,117 Click to see attachment2,040,237 2,060,360
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 43,450 Click to see attachment99,950 79,796
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 88,573,271 90,005,872 117,584,206
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) Click to see attachment1,017,224 Click to see attachment1,144,440
23 Total liabilities (add lines 17 through 22)......... 1,017,224 1,144,440
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 87,556,047 88,861,432
30 Total net assets or fund balances (see instructions)..... 87,556,047 88,861,432
31 Total liabilities and net assets/fund balances (see instructions). 88,573,271 90,005,872
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
87,556,047
2
Enter amount from Part I, line 27a .....................
2
1,307,813
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
88,863,860
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,428
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
88,861,432
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P   2018-12-31
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,405,599   26,775,973 3,629,626
b 3,353,716     3,353,716
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,629,626
b       3,353,716
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,983,342
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 0
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 3,695,548 117,226,823 0.031525
2016 3,231,968 97,934,631 0.033001
2015 3,644,871 101,490,097 0.035914
2014 3,485,949 100,945,709 0.034533
2013 3,219,127 94,877,354 0.033929
2
Total of line 1, column (d) .....................
2
0.168902
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
0.033780
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
125,616,786
5
Multiply line 4 by line 3......................
5
4,243,335
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
78,578
7
Add lines 5 and 6........................
7
4,321,913
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,467,488
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 78,578
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 78,578
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 78,578
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 98,214
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 98,214
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 309
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 19,327
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet19,327 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 .Click to see attachment
    8b
     
    No
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletELIZABETH DELLSY Telephone no.bullet (571) 777-9360

    Located atbullet1300 17TH ST N SUITE 750ARLINGTONVA ZIP+4bullet22209
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CAROL LUDWIG PRESIDENT/SECRETARY/DIRECTOR
    1.00     		0 0 0
    1300 17TH STREET N SUITE 750
    ARLINGTON,VA22209
    EUGENE A LUDWIG VICE-PRESIDENT/TREASURER/DIRECTOR
    0.10     		0 0 0
    1300 17TH STREET N SUITE 750
    ARLINGTON,VA22209
    ROBERT B BARNETT ESQ DIRECTOR
    0.10     		0 0 0
    1300 17TH STREET N SUITE 750
    ARLINGTON,VA22209
    ELIZABETH DELLSY EXECUTIVE DIRECTOR
    50.00     		158,500 33,046 0
    1300 17TH STREET N SUITE 750
    ARLINGTON,VA22209
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    123,401,345
    b
    Average of monthly cash balances.......................
    1b
    4,128,387
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    127,529,732
    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
    127,529,732
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,912,946
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    125,616,786
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,280,839
    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
    6,280,839
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    78,578
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    78,578
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,202,261
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,202,261
    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
    6,202,261
    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
    6,467,488
    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
    6,467,488
    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
    78,578
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,388,910
    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 6,202,261
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,467,488
    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..... 6,202,261
    e Remaining amount distributed out of corpus 265,227
    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 5 265,227
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		265,227
    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.... 265,227
    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).)
    CAROL LUDWIG
    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:
    THE LUDWIG FAMILY FOUNDATION INC CO
    1300 17TH STREET N SUITE 750
    ARLINGTON,VA22209
    (571) 777-9360
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER EXPLAINING PURPOSE OR REQUEST.
    cAny submission deadlines:
    NO DEADLINES.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE LUDWIG FAMILY FOUNDATION (THE "FOUNDATION") WILL MAKE GRANTS TO A VARIETY OF 501(C)(3) ORGANIZATIONS. THE FOUNDATION WILL MAKE SUCH GRANTS TO ORGANIZATIONS THAT EMPHASIZE FOSTERING EDUCATION AND IMPROVING THE LIVING CONDITIONS OF THE POOR. IN PERFORMING THIS MISSION, THE FOUNDATION WILL GENERALLY ADHERE TO THE FOLLOWING PRIORITIES IN CHOOSING WHICH ORGANIZATIONS RECEIVE GRANTS: (1) ORGANIZATIONS THAT ASSIST IN IMPROVING EDUCATION, ESPECIALLY IN THE GREATER WASHINGTON, D.C. AREA; (2) ORGANIZATIONS THAT ASSIST IN IMPROVING THE LIVING CONDITIONS OF LOW AND MODERATE INCOME FAMILIES AND SEEK TO FULFILL THE NEEDS OF THE HOMELESS AND INDIGENTS; (3) ORGANIZATIONS THAT PROVIDE FUNDING AND SERVICES TO MEDICAL FACILITIES, AS WELL AS ORGANIZATIONS THAT PROVIDE FUNDING FOR RESEARCH INTO CURES FOR LIFE-THREATENING DISEASES; AND (4) TO A LESSER EXTENT, TO ORGANIZATIONS THAT SEEK TO IMPROVE THE MENTAL AND EMOTIONAL WELL-BEING OF THE COMMUNITY BY FOSTERING INTEREST IN THE ARTS.
    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
    ADVOCATES FOR CHILDREN OF NEW YORK
    151 WEST 30TH ST 5TH FLOOR
    NEW YORK,NY10001     		  PC GENERAL OPERATING SUPPORT 65,000
    ADVOCATES FOR CHILDREN OF NEW YORK
    151 WEST 30TH ST 5TH FLOOR
    NEW YORK,NY10001     		  PC GENERAL OPERATING SUPPORT 75,000
    AFRICAN PARKS FOUNDATION OF AMERICA
    21 WEST 46TH ST
    NEW YORK,NY10036     		  PC HEALTHCARE INITIATIVES 20,000
    AIDS WALK NEW YORK
    PO BOX 7607
    NEW YORK,NY10116     		  PC GENERAL OPERATING SUPPORT 2,500
    ALZEHIMER'S ASSOCIATION
    225 N MICHIGAN AVE 17TH FLR
    CHICAGO,IL60601     		  PC GENERAL OPERATING SUPPORT 1,000
    AMERICAN CANCER SOCIETY
    PO BOX 22718
    OKLAHOMA CITY,OK73123     		  PC GENERAL OPERATING SUPPORT 10,000
    AMERICAN FRIENDS OF NEW COLLEGE
    7 GREAT VALLEY PARKWAY STE 190
    MALVERN,PA19355     		  PC LUDWIG FUND SUPPORT 100,000
    AMERICAN WRITERS MUSEUM FOUNDATION
    180 N MICHIGAN AVE SUITE 300
    CHICAGO,IL60601     		  PC GENERAL OPERATING SUPPORT 2,000
    BISHOP JOHN T WALKER SCHOOL FOR BOYS
    1801 MISSISSIPPI AVE SE
    WASHINGTON,DC20020     		  PC GENERAL OPERATING SUPPORT 2,000
    BOSTON UNIVERSITY
    25 BUICK ST
    BOSTON,MA02215     		  PC SCIENTIFIC RESEARCH SUPPORT 69,300
    CARE INC
    151 ELLIS ST NE
    ATLANTA,GA30303     		  PC GENERAL OPERATING SUPPORT 50,000
    CHILDREN'S AID SOCIETY
    711 THIRD AVE STE 700
    NEW YORK,NY10017     		  PC CARRERA ADOLESCENT PREGNANCY PREVENTION PROGRAM 25,000
    CHILDREN'S HEALTH FUND
    215 WEST 125TH STREET STE 301
    NEW YORK,NY10027     		  PC GENERAL OPERATING SUPPORT 25,000
    CITIZENS' COMMITTEE FOR CHILDREN NEW YORK
    14 WALL STREET STE 4E
    NEW YORK,NY10005     		  PC GENERAL OPERATING SUPPORT 75,000
    CLINTON FOUNDATION
    1633 BROADWAY 5TH FLOOR
    NEW YORK,NY10019     		  PC GENERAL OPERATING SUPPORT 50,000
    COLLEGIATE DIRECTIONS INC
    4827 RUGBY AVE STE 001
    BETHESDA,MD20814     		  PC GENERAL OPERATING SUPPORT 1,500
    COLLEGIATE DIRECTIONS INC
    4827 RUGBY AVE STE 001
    BETHESDA,MD20814     		  PC GENERAL OPERATING SUPPORT 3,000
    COLUMBIA UNIVERSITY
    622 WEST 113TH ST MAIL CODE 4524
    NEW YORK,NY10025     		  PC SCIENTIFIC RESEARCH SUPPORT 525,000
    COLUMBIA UNIVERSITY
    622 WEST 113TH ST MAIL CODE 4524
    NEW YORK,NY10025     		  PC GENERAL OPERATING SUPPORT 50,000
    COLUMBIA UNIVERSITY
    622 WEST 113TH ST MAIL CODE 4524
    NEW YORK,NY10025     		  PC SCIENTIFIC RESEARCH SUPPORT 603,147
    DANA FARBER CANCER INSTITUTE
    10 BROOKLINE PLACE WEST 6TH FLR
    BROOKLINE,MA02445     		  PC GENERAL OPERATING SUPPORT 1,000
    DC BAR PRO BONO
    901 4TH ST NW
    WASHINGTON,DC20001     		  PC GENERAL OPERATING SUPPORT 500
    DC PUBLIC LIBRARY FOUNDATION
    PO BOX 66012
    WASHINGTON,DC20035     		  PC GENERAL OPERATING SUPPORT 1,500
    EDUCARE
    640 ANACOSTIA AVE NE
    WASHINGTON,DC20019     		  PC GENERAL OPERATING SUPPORT 2,000
    ETHICAL CULTURE FIELDSTONE SCHOOL
    33 CENTRAL PARK WEST
    NEW YORK,NY10023     		  PC ANNUAL FUND 15,000
    ETHOS DISCOVERY
    10455 SORRENTO VALLEY RD STE 101
    SAN DIEGO,CA92121     		  PC GENERAL OPERATING SUPPORT 150,000
    FOLGER SHAKESPEARE LIBRARY
    201 EAST CAPITOL ST SE
    WASHINGTON,DC20003     		  PC FOLGER EDUCATION SUPPORT 125,000
    FOLGER SHAKESPEARE LIBRARY
    201 EAST CAPITOL ST SE
    WASHINGTON,DC20003     		  PC FOLGER EDUCATION SUPPORT 125,000
    FOLGER SHAKESPEARE LIBRARY
    201 E CAPITOL ST SE
    WASHINGTON,DC20003     		  PC FOLGER EDUCATION SUPPORT 125,000
    FRIENDSHIP CIRCLE
    11621 SEVEN LOCKS RD
    POTOMAC,MD20854     		  PC GENERAL OPERATING SUPPORT 500
    FRIENDSHIP PLACE
    4713 WISCONSIN AVE NW
    WASHINGTON,DC20016     		  PC GENERAL OPERATING SUPPORT 2,500
    HARVARD MEDICAL SCHOOL
    25 SHATTUCK ST STE 509
    BOSTON,MA02115     		  PC SCIENTIFIC RESEARCH SUPPORT 236,250
    HAVERFORD COLLEGE
    370 LANCASTER AVE
    HAVERFORD,PA19041     		  PC ANNUAL FUND 50,000
    HOWARD UNIVERSITY
    1851 9TH ST NW
    WASHINGTON,DC20001     		  PC GENERAL OPERATING SUPPORT 100,000
    HUMANE RESCUE ALLIANCE
    71 OGLETHORPE ST NW
    WASHINGTON,DC20011     		  PC PET PANTRY 10,000
    INNER-CITY SCHOLARSHIP FUND
    1011 FIRST AVE STE 1800
    NEW YORK,NY10022     		  PC GENERAL OPERATING SUPPORT 5,000
    INSTITUTE FOR SUSTAINABLE COMMUNITIES (ISC)
    535 STONE CUTTERS WAY
    MONTPELIER,VT05602     		  PC GENERAL OPERATING SUPPORT 2,500
    INTERNATIONAL CENTER FOR RESEARCH ON WOMEN
    1120 20TH ST NW STE 500 N
    WASTHINGTON,DC20036     		  PC GENERAL OPERATING SUPPORT 5,000
    INTERNATIONAL WOMEN'S MEDIA FOUNDATION
    215 PARK AVE SOUTH STE 2014
    NEW YORK,NY10003     		  PC GENERAL OPERATING SUPPORT 25,000
    ISLAND HOUSING TRUST
    PO BOX 779
    WEST TISBURY,MA02575     		  PC GENERAL OPERATING SUPPORT 1,000
    JOSEPH ROBERT SHAW FOUNDATION INC
    5117 52ND ST NW
    WASHINGTON,DC20016     		  PC GENERAL OPERATING SUPPORT 1,000
    KELLERMAN FOUNDATION
    PO BOX 832809
    RICHARDSON,TX75083     		  PC GENERAL OPERATING SUPPORT 40,000
    KENNEDY CENTER
    2700 F ST NW
    WASHINGTON,DC20566     		  PC GENERAL OPERATING SUPPORT 3,500
    KIPP FOUNDATION
    135 MAIN ST STE 1700
    SAN FRANCISCO,CA94105     		  PC PILOT GRANT SUPPORT 150,000
    KIPP FOUNDATION
    135 MAIN ST STE 1700
    SAN FRANCISCO,CA94105     		  PC PERSISTENCE GRANT SUPPORT 157,750
    LITERACY LAB
    1003 K ST NW STE 500
    WASHINGTON,DC20001     		  PC GENERAL OPERATING SUPPORT 1,500
    MARTHA'S TABLE
    2114 14TH ST NW
    WASHINGTON,DC20009     		  PC GENERAL OPERATING SUPPORT 1,100
    MARTHA'S VINYARD COMMUNITY SERVICES
    111 EDGARTOWN RD
    VINEYARD HAVEN,MA02568     		  PC GENERAL OPERATING SUPPORT 100,000
    MEMORIAL SLOAN KETTERING
    1275 YORK AVE
    NEW YORK,NY10065     		  PC GENERAL OPERATING SUPPORT 5,251
    MILTON GOTTESMAN JEWISH DAY SCHOOL
    6045 16TH ST NW
    WASHINGTON,DC20011     		  PC GENERAL OPERATING SUPPORT 5,000
    MIT PICOWER INSTITUTE FOR LEARN AND MEM
    77 MASSACHUSETTS AVE BLDG 4-204
    CAMBRIDGE,MA02139     		  PC SCIENTIFIC RESEARCH SUPPORT 187,950
    MV YOUTH
    PO BOX 65
    CHILMARK,MA02535     		  PC GENERAL OPERATING SUPPORT 25,000
    NATIONAL ACADEMY FOUNDATION
    218 WEDS 40TH ST FIFTH FLOOR
    NEW YORK,NY10018     		  PC GENERAL OPERATING SUPPORT 50,000
    NATIONAL ACADEMY FOUNDATION
    218 WEDS 40TH ST FIFTH FLOOR
    NEW YORK,NY10018     		  PC FUTURE INITIATIVES AND COLLABORATIONS SUPPORT 580,059
    NATIONAL ACADEMY FOUNDATION
    218 WEDS 40TH ST FIFTH FLOOR
    NEW YORK,NY10018     		  PC ALUMNI BUSINESS SCHOLARSHIPS 30,000
    NATIONAL ACADEMY FOUNDATION
    218 WEDS 40TH ST FIFTH FLOOR
    NEW YORK,NY10018     		  PC DISASTER RELIEF FUND 10,000
    NATIONAL CAPITAL POISON CENTER
    3201 NEW MEXICO AVE STE 310
    WASHINGTON,DC20016     		  PC GENERAL OPERATING SUPPORT 3,000
    NATIONAL CENTER ON HOMELESSNESS & POVERTY
    2000 M ST NW STE 210
    WASHINGTON,DC20036     		  PC GENERAL OPERATING SUPPORT 2,500
    NATIONAL GALLERY OF ART
    2000B SOUTH CLUB DR
    LANDOVER,MD20785     		  PC GENERAL OPERATING SUPPORT 3,000
    NATIONAL LOW INCOME HOUSING COALITION
    1000 VERMONT AVE NW STE 500
    WASHINGTON,DC20005     		  PC GENERAL OPERATING SUPPORT 1,000
    NEIGHBORHOOD HOUSING SERVICES OF NEW YORK
    307 WEST 36TH ST 12TH FLOOR
    NEW YORK,NY10018     		  PC GENERAL OPERATING SUPPORT 25,000
    NEW ECONOMY PROJECT
    121 W 27TH ST STE 804
    NEW YORK,NY10001     		  PC GENERAL OPERATING SUPPORT 750
    NEW FUTURES
    641 S ST NW 3RD FLOOR
    WASHINGTON,DC20001     		  PC FRIEDMAN-LUDGWIG SCHOLARSHIP 10,000
    PANCREATIC CANCER ACTION NETWORK
    1050 CONNECTICUT AVE NW STE 500
    WASHINGTON,DC20036     		  PC GENERAL OPERATING SUPPORT 1,000
    PARTNERSHIP FOR PUBLIC SERVICE
    1100 NEW YORK AVE NW SUTE 200E
    WASHINGTON,DC20005     		  PC GENERAL OPERATING SUPPORT 8,000
    PAUL TAYLOR DANCE FOUNDATION
    551 GRAND ST
    NEW YORK,NY10002     		  PC GENERAL OPERATING SUPPORT 12,500
    REPORTERS CMT FOR THE FREEDOM OF THE PRESS
    1156 15TH ST NW SUITE 1250
    WASHINGTON,DC20005     		  PC GENERAL OPERATING SUPPORT 1,000
    RISE
    PO BOX 15231
    WASHINGTON,DC20003     		  PC GENERAL OPERATING SUPPORT 1,000
    SAFE HORIZON
    2 LAFAYETTE ST 3RD FLOOR
    NEW YORK,NY10007     		  PC GENERAL OPERATING SUPPORT 5,000
    SAGE
    305 7TH AVE 15TH FLOOR
    NEW YORK,NY10001     		  PC GENERAL OPERATING SUPPORT 2,500
    SHERRIF'S MEADOW
    PO BOX 1088
    VINEYARD HAVEN,MA02568     		  PC GENERAL OPERATING SUPPORT 75,000
    SOME (SO OTHERS MIGHT EAT)
    71 O STNW
    WASHINGTON,DC20001     		  PC GENERAL OPERATING SUPPORT 75,000
    TEACH FOR AMERICA
    1805 7TH ST NW 6TH FLOOR
    WASHINGTON,DC20001     		  PC GENERAL OPERATING SUPPORT 10,000
    TEACH FOR AMERICA
    1805 7TH ST NW 6TH FLOOR
    WASHINGTON,DC20001     		  PC GENERAL OPERATING SUPPORT 15,000
    TEACH FOR AMERICA
    1805 7TH ST NW 6TH FLOOR
    WASHINGTON,DC20001     		  PC GENERAL OPERATING SUPPORT 10,000
    THE METROPOLITAN MUSEUM OF ART
    1000 FIFTH AVE
    NEW YORK,NY10028     		  PC GENERAL OPERATING SUPPORT 50,000
    UNITED STATES VETERANS INITATIVE
    800 WEST 6TH ST STE 1505
    LOS ANGELES,CA90017     		  PC GENERAL OPERATING SUPPORT 10,000
    UPSTREAM USA INC
    1630 SAN PABLO AVE STE 400
    OAKLAND,CA94612     		  PC GENERAL OPERATING SUPPORT 50,000
    UPSTREAM USA INC
    1630 SAN PABLO AVE STE 400
    OAKLAND,CA94612     		  PC GENERAL OPERATING SUPPORT 50,000
    VITAL VOICES
    1625 MASSACHUSETTS AVE NW STE 300
    WASHINGTON,DC20036     		  PC GENERAL OPERATING SUPPORT 10,000
    WASHINGTON ENGLISH CENTER
    2200 CALIFORNIA ST NW
    WASHINGTON,DC20008     		  PC GENERAL OPERATING SUPPORT 1,000
    YALE LAW SCHOOL
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC HRC FUND FOR PUBLIC INTEREST 100,000
    YALE LAW SCHOOL
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC GENERAL OPERATING SUPPORT 25,000
    YALE LAW SCHOOL
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC FLEX-FACULTY FUND 200,000
    YALE LAW SCHOOL
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC 1ST GENERATION PROFESSIONAL STUDENTS FUND 50,000
    YALE SCHOOL OF MEDICINE
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC EARLY OUTSTANDING INVESTIGATOR AWARDS 94,500
    YALE SCHOOL OF MEDICINE
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC EARLY OUTSTANDING INVESTIGATOR AWARDS 645,332
    YALE SCHOOL OF MEDICINE
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC EARLY OUTSTANDING INVESTIGATOR AWARDS 659,504
    YORK SUBURBAN EDUCATIONL FOUNDATION
    1800 HOLLYWOOD DR
    NEW YORK,PA17403     		  PC FOOD FOR THOUGHT PROGRAM 1,000
    Total .................................bullet 3a 6,292,893
    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 ...........     		    14 82,743  
    4 Dividends and interest from securities....     14 833,847  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 1,518  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,983,342  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 7,901,450 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,901,450
    (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 ExplnOfNonFilingWithAGStmt
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Statement:
    PURSUANT TO THE DISTRICT OF COLUMBIA OFFICE OF TAX REVENUE OTR NOTICE 2009-01, EFFECTIVE DECEMBER 12, 2008 DISTRICT OF COLUMBIA NONPROFITS ARE NO LONGER REQUIRED TO FILE FORM 990 (AND THE FEDERAL FORM 990PF AS CONFIRMED WITH THE DC OFFICE OF TAX REVENUE). THE NOTICE STATES THAT "THE REQUIREMENT WAS ELIMINATED TO EASE THE ADMINISTRATIVE BURDERN ON BOTH THE AGENCY AS WELL AS NONPROFIT ORGANIZATIONS. THE INFORMATION ON FORM 990PF IS AVAILABLE TO THE OFFICE OF TAX AND REVENUE FROM OTHER SOURCES."

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Name of Bond End of Year Book Value End of Year Fair Market Value
    JPMORGAN #6000 - CORPORATE BONDS 2,040,237 2,060,360

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Name of Stock End of Year Book Value End of Year Fair Market Value
    JPMORGAN #6000 - CORPORATE STOCK 81,389,007 108,963,432

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SFRE FMV 99,950 79,796

    TY 2018 LegalFeesSchedule
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,000 1,400 0 5,600


    TY 2018 OtherDecreasesSchedule
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Description Amount
    ADJUSTMENT 2,428


    TY 2018 OtherExpensesSchedule
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL REGISTRATION 132 26 0 106
    PAYROLL ADMINISTRATION 47 9 0 38
    WORKER'S COMPENSATION 349 70 0 279
    ADMINISTRATION FEES 6,349 1,270 0 5,079
    DIRECTOR'S & OFFICER'S INSURANCE 2,704 541 0 2,163
    LIABILITY INSURANCE 945 189 0 756


    TY 2018 OtherIncomeSchedule2
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    JPMORGAN #6000 - ORDINARY GAIN 1,518 1,518 0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Description Beginning of Year - Book Value End of Year - Book Value
    CHASE BUSINESS CREDIT CARD 49 0
    DUE TO THE CARLYLE 1,486 1,486
    DUE TO EMC 24 0
    UNCLEARED CONTRIBUTION CHECKS 1,015,665 1,142,954


    TY 2018 TaxesSchedule
    Name:
    THE LUDWIG FAMILY FOUNDATION INC
    EIN:
    56-2305290
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 82,500 0 0 0