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
Donald and Marilyn Keough Foundation
 
% MICHAEL KEOUGH
Number and street (or P.O. box number if mail is not delivered to street address)200 Galleria Parkway Suite 970
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Atlanta, GA30339
A Employer identification number

58-1709967
B Telephone number (see instructions)

(770) 852-5005
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$39,842,619J 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) 11,892,275
2 Check bullet.............
3 Interest on savings and temporary cash investments 69,083 65,649  
4 Dividends and interest from securities... 827,026 833,090  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 480,115
b Gross sales price for all assets on line 6a 5,394,947
7 Capital gain net income (from Part IV, line 2)... 464,483
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 77,781 75,423  
12 Total. Add lines 1 through 11........ 13,346,280 1,438,645  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,843 5,421 0 5,422
c Other professional fees (attach schedule)....        
17 Interest............... 36,226 24,660    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 23,281 13,661    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 270,013 267,478    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 340,363 311,220 0 5,422
25 Contributions, gifts, grants paid....... 2,074,400 2,074,400
26 Total expenses and disbursements. Add lines 24 and 25 2,414,763 311,220 0 2,079,822
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,931,517
b Net investment income (if negative, enter -0-) 1,127,425
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 711,970 1,054,600 1,054,600
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) 0 Click to see attachment452,520 459,542
b Investments—corporate stock (attach schedule)....... 5,714,765 Click to see attachment14,641,896 24,756,128
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment811,574 813,322
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment13,990,312 Click to see attachment13,822,596 Click to see attachment12,759,027
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,417,047 30,783,186 39,842,619
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 5,714,765 15,905,990
28 Paid-in or capital surplus, or land, bldg., and equipment fund 500 500
29 Retained earnings, accumulated income, endowment, or other funds 14,701,782 14,876,696
30 Total net assets or fund balances (see instructions)..... 20,417,047 30,783,186
31 Total liabilities and net assets/fund balances (see instructions). 20,417,047 30,783,186
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
20,417,047
2
Enter amount from Part I, line 27a .....................
2
10,931,517
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
31,348,564
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
565,378
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
30,783,186
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 D 2017-01-01 2018-12-31
b CAPITAL GAIN 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 5,477,872   5,116,990 360,882
b       45,904
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       360,882
b        
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 2 464,483
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,327,600 18,679,967 0.071071
2016 646,339 12,536,114 0.051558
2015 616,511 11,126,090 0.055411
2014 556,283 11,020,488 0.050477
2013 493,725 10,759,587 0.045887
2
Total of line 1, column (d) .....................
2
0.274404
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
0.054881
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
37,210,465
5
Multiply line 4 by line 3......................
5
2,042,148
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,274
7
Add lines 5 and 6........................
7
2,053,422
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,079,822
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 11,274
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 11,274
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 11,274
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 6,458
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,458
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 4,184
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet4,184 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? Click to see list of attachments....................
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 changesClick to see list of attachments....
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.Click to see list of attachments
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletMICHAEL KEOUGH Telephone no.bullet (770) 852-5005

    Located atbullet200 GALLERIA PKWY STE 970ATLANTAGA ZIP+4bullet30339
    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
     
     
    .........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
    MICHAEL L KEOUGH Foundation Manager
    3.0     		0 0 0
    200 Galleria Parkway
    Suite 970
    Atlanta,GA30339
    KATHLEEN K SOTO TRUSTEE
    1.0     		0 0 0
    200 Galleria Parkway
    Suite 970
    Atlanta,GA30339
    SHAYLA K RUMELY TRUSTEE
    1.0     		0 0 0
    200 Galleria Parkway
    Suite 970
    Atlanta,GA30339
    PATRICK J KEOUGH TRUSTEE
    1.0     		0 0 0
    200 Galleria Parkway
    Suite 970
    Atlanta,GA30339
    EILEEN K MILLARD TRUSTEE
    1.0     		0 0 0
    200 Galleria Parkway
    Suite 970
    Atlanta,GA30339
    CLARKE R KEOUGH TRUSTEE
    1.0     		0 0 0
    200 Galleria Parkway
    Suite 970
    Atlanta,GA30339
    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
     
    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  
    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 NONE  
    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
    19,685,661
    b
    Average of monthly cash balances.......................
    1b
    5,332,434
    c
    Fair market value of all other assets (see instructions)................
    1c
    12,759,027
    d
    Total (add lines 1a, b, and c).........................
    1d
    37,777,122
    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
    37,777,122
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    566,657
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    37,210,465
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,860,523
    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
    1,860,523
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    11,274
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    4,187
    c
    Add lines 2a and 2b............................
    2c
    15,461
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,845,062
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,845,062
    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
    1,845,062
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,079,822
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,079,822
    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
    11,274
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,068,548
    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 1,845,062
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 1,956
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,079,822
    a Applied to 2017, but not more than line 2a 1,956
    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..... 1,845,062
    e Remaining amount distributed out of corpus 232,804
    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 5 232,804
    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 ..........     		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) .......     		 
    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 ......     		232,804
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 232,804
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    2018 GRANTS
    SEE ATTACHMENT
    SEE ATTACHMENT
    Various,VA00000     		NONE   GENERAL 1,645,000
    2018 GRANTS - ART
    SEE ATTACHMENT
    SEE ATTACHMENT
    VARIOUS,VA00000     		NONE   GENERAL 429,400
    Total .................................bullet 3a 2,074,400
    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 ...........     		523000 5,048 14 64,035  
    4 Dividends and interest from securities.... 523000 394 14 826,632  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		523000 16,536 18 463,579  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOTHER INCOME     		523000   15 75,423  
    bACIA ASSET ALLOCATION FUND 523000 2,358      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 24,336 1,429,669  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,454,005
    (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
    Donald and Marilyn Keough Foundation
     
    Employer identification number

    58-1709967
    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
    Donald and Marilyn Keough Foundation
          		Employer identification number
    58-1709967
    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
    ESTATE OF DONALD R KEOUGH  
    200 GALLERIA PARKWAY SUITE 970
     
    ATLANTA, GA30339

    		$ 11,892,275


    (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
    Donald and Marilyn Keough Foundation
          		Employer identification number

    58-1709967
    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
    		 Art $ 107,000 2018-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 STOCK $ 3,558,235 2018-04-02
    (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
    Donald and Marilyn Keough Foundation
          		Employer identification number

    58-1709967
    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:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ERNST & YOUNG 10,843 5,421   5,422

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Category Amount
    NONE  

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

    TY 2018 DepreciationSchedule
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    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

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN INTL GROUP 38,544 38,483
    ANHEUSER-BUSCH INBEV FIN 57,882 56,558
    APPLE INC 57,462 58,016
    BANK OF AMERICA CORP 54,297 54,424
    BANK OF NOA SCOTIA 53,167 53,701
    BP CAP MARKETS AMERICA 56,508 56,718
    CVS HEALTH CORP 54,881 54,843
    DIGITAL REALTY TRUST LP 37,651 37,753
    GOLDMAN SACHS GROUP INC 57,091 56,935
    JPMORGAN CHASE & CO 54,057 54,199
    KROGER CO 34,402 34,378
    MORGAAN STANLEY 54,795 54,737
    ORACLE CORP 56,607 57,578
    QUALCOMM INC 34,222 34,433
    VERIZON COMMUNICATIONS 53,633 54,245
    WELLS FARGO & COMPANY 56,375 56,321

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Name of Stock End of Year Book Value End of Year Fair Market Value
    COCA-COLA STOCK 1,789,571 12,207,966
    COCA-COLA STOCK 105,015 197,734
    COCA-COLA AMATIL STOCK 29,542 57,657
    LIVE NATION ENTERTAINMENT INC. 416,463 492,500
    EXPEDIA INC. 235,925 281,625
    IAC/INTERACTIVECORP 126,225 343,200
    ACCENTURE PLC SHS 40,018 34,829
    ALIBABA GROUP HOLDING LT 51,744 36,186
    ALLEGAN PLC 22,365 18,178
    ALPHABET INC SHS CL A 37,204 34,484
    ALPHABET INC SHS CL C 22,108 21,748
    AMAZON COM INC COM 48,948 46,561
    AMER EXPRESS COMPANY 8,111 8,102
    AMGEN INC COM 17,289 18,299
    APPLE INC 69,514 67,513
    AT&T INC 30,957 24,973
    AUTODESK INC DEL PV$0.01 30,251 28,551
    AUTOMATIC DATA PROC 10,260 10,883
    BECTON DICKINSON CO 27,971 31,545
    BLACKROCK INC 31,365 21,605
    CARNIVAL CORP PAIRED SHS 24,113 18,685
    CERNER CORP COM 15,998 13,949
    CHEVRON CORP 29,080 26,871
    CHUBB LTD 22,738 21,186
    CISCO SYSTEMS INC COM 61,244 68,461
    CME GROUP INC 24,932 27,089
    COCA COLA COM 21,982 23,864
    COLGATE PALMOLIVE 43,599 37,736
    COMCAST CORP NEW CL A 27,676 27,036
    CVS HEALTH CORP 23,967 24,963
    CYRUSONE INC 28,673 28,079
    DANONE-SPONS ADR 22,863 19,670
    DEERE CO 21,785 20,436
    DISNEY (WALT) CO COM STK 41,126 43,092
    EXPEDITORS INTL WASH INC 27,703 28,257
    FACEBOOK INC CLASS A CS 45,906 35,132
    FACTSET RESH SYS INC 13,342 12,408
    FIDELITY NATL INFO SVCS 35,178 35,687
    HONEYWELL INTL INC DEL 33,821 30,652
    INGERSOLL-RAND PLC 28,519 28,737
    JOHNSON AND JOHNSON COM 27,883 29,294
    JPMORGAN CHASE & CO 43,710 37,486
    LINDE PLC REG SHS 24,844 23,718
    LOCKHEED MARTIN CORP 34,417 27,231
    LOWE'S COMPANIES INC 34,048 36,020
    MARSH & MCLENNAN COS INC 31,247 29,348
    MEDTRONIC PLC SHS 32,951 37,476
    MERCK AND CO INC SHS 10,686 13,830
    MICROSOFT CORP 81,899 96,898
    MONDELEZ INTERNATIONAL INC 24,174 23,017
    MONSTER BEVERAGE SHS 27,510 23,183
    NEXTERA ENERGY INC SHS 35,730 38,588
    NOVARTIS ADR 12,618 13,301
    NOVO NORDISK A S ADR 39,912 37,040
    ORACLE CORP $0.01 DEL 36,497 34,901
    PACKAGING CORP AMERICA 36,955 27,375
    PEPSICO INC 46,187 49,606
    PFIZER INC 32,531 38,456
    PHILIP MORRIS INT'L INC 33,199 23,566
    PHILLIPS 66 SHS 35,131 31,186
    PROCTER & GAMBLE CO 35,277 43,019
    QUALCOMM INC 24,202 23,902
    REALTY INCM CRP MD PV$1 REIT 26,393 29,251
    REGENERON PHARMACTCLS 21,981 24,651
    SCHLUMBERGER LTD 52,759 28,972
    SEI INV'T CO PA PV$0.01 25,115 14,923
    STARBUCKS CORP 34,516 38,576
    TEXAS INSTRUMENTS 44,236 40,730
    UNION PACIFIC CORP 28,693 28,337
    UNITED PARCEL SVC CL B 11,925 10,631
    UNITEDHEALTH GROUP INC 42,647 46,585
    VARIAN MEDICAL SYS INC 17,037 19,263
    VISA INC CL SHRS 42,782 45,255
    WEC ENERGY GROUP INC SHS 28,060 31,098
    WHIRLPOOL CORP 28,767 19,985
    YUM BRANDS INC 12,871 14,248
    YUM CHINA HOLDINGS INC SHS 10,455 8,550
    AQR EQUITY MARKET NEUTRAL 232,040 202,987
    AQR LONG SHORT EQUITY FUND 928,196 721,857
    AQR STYLE PREMIA ALTERNATIVE 379,258 337,935
    BLACKROCK STRATEGIC INCOME OP 386,746 373,517
    DELAWARE DIVERSIFIED INCOME 402,973 372,704
    DELAWARE EMERGING MARKETS FU 386,742 321,417
    DOUBLELINE TOTAL RETURN BOND 485,806 475,977
    ISHARES CORE S&P SMALL CAP ET 1,073,375 258,910
    ISHARES EDGE MSCI INTERNATIO 297,119 900,104
    ISHARES EDGE MSCI MIN VOL USA 345,307 356,268
    ISHARES EDGE MSCI MIN VOL EAFE 358,117 324,701
    ISHARES EDGE MSCI USA MOMEN 236,327 234,538
    ISHARES EDGE MSCI USA VALUE FA 253,497 233,167
    LOOMIS SAYLES GROWTH FUND CL Y    
    DOUBLELINE CORE FIXED INCOME F    
    NUVEEN SANTA BARBARA DIVIDEND    
    VANGUARD FTSE EMERGING MARKETS 212,966 207,150
    DELAWARE SMALL CAP CORE FUND    
    VANGUARD FTSE DEVELOPED MARKET    
    EDGEWOOD GROWTH INSTL 257,000 223,223
    ISHARES CORE S&P 500 ETF 565,249 737,217
    ISHARES RUS MID-CAP ETF 245,034 225,382
    ISHARES RUS 1000 GROWTH ETF 242,219 227,783
    VANGUARD HIGH DIV YIELD ETF 156,441 224,455
    ARTISAN FDS INC INTL VALUE 257,000 227,795
    DFA INTL CORE EQTY PORT INSTL 260,000 226,124
    JOHCM INTL SLCT FD CI 257,000 232,251
    ISHARES INC CORE MSCI EMKT 213,374 205,008
    BLACKSTONE ALT MULTI STRAT 165,797 177,090
    ABBOTT LABS 3,957 4,340
    ABBVIE INC 4,088 4,149
    ADIENT PLC 5,417 1,702
    AIR PRODUCTIS & CHEMICALS INC 4,325 4,321
    AECOM 5,974 4,876
    AERCAP HOLDINGS NV 8,887 6,534
    AFFILIATED MANAGERS GROUP INC 9,389 6,139
    AFLAC INC 22,379 22,917
    AGILENT TECHNOLOGIES INC 3,686 3,845
    ALTRIA GROUP INC 4,177 3,704
    AMDOCS LTD 4,200 3,808
    AMERIPRISE FINANCIAL INC 18,230 13,881
    AMEREN CORP 3,980 4,109
    AMERICAN ELEC PWR INC 3,957 4,111
    ANTHEM INC 18,084 19,435
    ARCHER DANIELS MIDLAND CO 3,874 3,482
    ARROW ELECTRONICS INC 7,560 6,826
    ARTISAN PARTNERS 3,968 3,184
    ASSURANT INC 6,037 5,545
    AVANGRID INC 4,352 4,358
    AVERY DENNISON CORP 4,364 4,042
    AVIS BUDGET GROUP 3,835 2,248
    BAKER HUGHES, A GE CO 4,798 3,892
    BANK OF HAWAII CORP 4,163 3,501
    BAXTER INTL INC 4,064 3,949
    BEMIS INC 4,135 4,131
    BERKSHIRE HATHAWAY INC CL B 24,794 25,523
    BGC PARTNERS CL A 2,582 1,985
    BIOGEN INC 18,199 19,560
    BIO-TECHNE CORP 3,948 3,618
    BRISTOL MYERS SQUIBB CO 4,286 4,262
    BROADCOM INC 18,132 19,834
    BUNGE LIMITED 4,490 3,848
    CARDINAL HEALTH INC 4,147 3,523
    CELANESE CORP COMMON 16,006 13,136
    CENTERPOINT ENERGY INC 4,030 4,235
    CF INDUSTRIES HOLDING INC 3,892 3,872
    CHICOS FAS INC 5,344 4,429
    CH ROBINSON WORLDWIDE INC 12,091 13,454
    CINCINNATI FINL CORP 3,958 4,026
    CLOROX COMPANY 3,552 3,854
    CONOCO PHILLIPS 3,969 3,679
    COMMSCOPE HOLDING CO INC 7,442 4,343
    COMPASS MINERALS INTL INC 4,602 3,627
    CONAGRA BRAND INC 4,461 2,755
    CONSOLIDATED EDISON INC 4,037 4,052
    CORNING INC 3,885 3,958
    CRACKER BARREL 3,606 3,517
    CROWN HOLDINGS INC 7,390 6,984
    CUMMINS INC 4,309 4,009
    CVR ENERGY INC 4,125 3,758
    DARDEN RESTAURANTS INC 4,136 3,795
    DOMINION ENERGY INC 3,905 4,002
    DOMTAR CORPORATION 4,051 3,162
    DOWDUPONT INC 4,588 4,171
    DOVER CORP 3,942 3,477
    DSW INC CL A 3,944 3,705
    DTE ENERGY CO 3,975 3,971
    DUKE ENERGY CORP 4,008 4,229
    EASTMAN CHEMICAL CO 4,540 3,802
    EATON CORP PLC 4,358 3,982
    EMERSON ELEC CO 4,149 3,585
    ENTERGY CORP 4,022 4,217
    EOG RES INC 22,211 16,483
    EXTENDED STAY AMERICA INC 4,244 3,488
    EXXON MOBIL CORP 4,099 3,546
    EVERSOURCE ENERGY 4,019 4,162
    FASTENAL CO 3,666 3,660
    FEDERATED INVESTORS INC CL B 3,994 4,221
    FIRSTENERGY CORP 3,954 4,131
    FLEX SYSTEMS INC 7,562 5,243
    FORD MOTOR CO DEL 4,279 3,312
    FNB CORPORATION 4,324 3,424
    FNF GROUP 4,270 3,930
    FRANKLIN RESOURCES INC 4,180 3,915
    GANNETT CO INC 4,165 3,548
    GARMIN LTD 4,102 4,116
    GENERAL MLS INC 3,867 3,505
    GENUINE PARTS CO 4,068 4,033
    GILEAD SCIENCES INC 3,862 3,565
    GOODYEAR TIRE & RUBBER CO 6,449 5,368
    GREIF INC-CL A 4,628 3,229
    HALLIBURTON CO 4,434 3,110
    HAWAIIAN ELECTRIC INDS INC 3,907 3,992
    HCA HEALTHCARE INC 18,184 20,161
    HELMERICH & PAYNE INC 4,190 3,164
    HERTZ GLOBAL HOLDING INC 1,858 1,611
    HOLLYFRONTIER CORP 4,170 3,323
    INGREDION INC 4,200 3,656
    INTEL CORP 4,215 4,036
    INTL BUSINESS MACHINES CORP 19,063 15,459
    INTL FLAVORS & FRAGRANCES 3,755 3,760
    INTL PAPER CO 4,353 3,632
    INTERPUBLIC GROUP COS INC 4,072 3,610
    INVESCO LTD 4,167 3,130
    JACK HENRY & ASSOC INC 3,811 3,543
    JOHNSON CONTROLS INTL PLC 22,403 19,421
    JUNIPER NETWORKS INC 3,919 3,821
    KAISER ALUMINUM CORP 4,349 3,929
    KAR AUCTION SERVICES INC 3,997 3,436
    KELLOGG CO 4,186 3,763
    KIMBERLY CLARK CORP 3,858 4,102
    KINDER MORGAN INC 4,060 3,753
    KRAFT HEINZ CO 3,937 3,142
    KRONOS WORLDWIDE INC 4,650 3,444
    L BRANDS, INC 3,992 3,234
    LANCASTER COLONY CORP 3,725 4,068
    LAS VEGAS SANDS CORP 4,694 4,164
    LEGGETT & PLATT INC 4,329 4,050
    LILLY ELI & CO 3,791 4,397
    LINCOLN NATL CORP 17,128 13,289
    LYONDELLBASELL INDUSTRIES NV 4,528 3,825
    MARATHON PETROLEUM CORP 4,109 3,541
    MAXIM INTEGRATED PRODS INC 3,957 3,763
    MDC HOLDINGS INC 4,229 4,076
    MERCURY GENERAL CORP 3,498 3,465
    METLIFE INC 3,924 3,778
    MICROCHIP TECHNOLOGY INC 17,900 17,189
    MOELIS & CO 4,557 3,507
    MSC INDL DIRECT INC CL A 4,225 3,846
    NATIONAL INSTRS CORP 3,821 3,767
    NATIONAL-OILWELL INC 16,611 10,511
    NCR CORP 3,877 3,093
    NEWMARK GROUP INC CL A 1,590 1,428
    NEW YORK CMNTY BANCORP INC 3,942 3,642
    NIELSEN HLDGS PLC 4,259 3,756
    NIKE INC-CLASS B 4,126 13,716
    NORTHWESTERN CORP 4,109 4,042
    NUCOR CORP 4,302 3,679
    OCCIDENTAL PETE CORP 4,553 3,744
    OGE ENERGY CORP 4,131 4,350
    OLD REPUBLIC INTL CORP 4,000 3,826
    OMNICOM GROUP 4,127 4,028
    ONEOK INC 4,093 3,507
    ORACLE CORPORATION 12,301 17,157
    OWENS ILLINOIS INC 3,582 3,396
    OWENS & MINOR INC 5,342 3,475
    PACWEST BANCORP 4,551 3,494
    PATTERSON COS INC 4,182 3,480
    PAYCHEX INC 4,174 4,104
    PEOPLES UNITED FINANCIAL INC 4,345 3,737
    PENTAIR PLC 4,079 3,702
    PINNACLE WEST CAP CORP 4,082 4,175
    PPL CORPORATION 3,903 3,768
    PRINCIPAL FINL GROUP INC 4,392 3,931
    PUBLIC SER ENTERPRISE GROUP 3,964 3,904
    QUEST DIAGNOSTICS INC 4,206 3,664
    QURATE RETAIL INC 11,778 10,228
    RECKITT BENCKISER GROUP 7,002 6,657
    REPUBLIC SERVICES INC 4,117 4,109
    ROCKWELL AUTOMATION INC 4,177 3,762
    RPC INC 3,887 2,695
    RPM INTERNATIONAL INC 3,945 3,938
    SCOTTS MIRACLE-GRO CO CL A 4,139 3,319
    SEMGROUP CORPORATION 4,919 3,541
    SIX FLAGS ENTERTAINMENT CORP 4,047 3,783
    SNAP-ON INC 4,275 3,923
    SONOCO PRODUCTS CO 4,062 3,985
    SOUTHERN COMPANY 4,002 3,909
    STRYKER CORPORATION 4,167 3,919
    SUNCOR ENERGY INC 17,991 13,034
    TARGA RESOURCES 4,345 3,314
    TARGET CORP 4,321 3,899
    TECH DATA CORP 3,215 3,354
    TENNECO INC 2,474 1,534
    THE BUCKLE INC 4,206 3,617
    TRAVELERS COMPANIES INC 4,215 3,952
    TUPPERWARE BRANDS CORP 4,340 3,504
    UNITED BANKSHARES INC W VA 4,272 3,827
    UNITED TECHNOLOGIES CORP 25,320 24,277
    UNIVERSAL CORP VA 3,852 3,195
    VALERO ENERGY CORP 4,800 3,973
    VECTOR GROUP LTD 4,604 3,026
    VERIZON COMMUNICATIONS INC 3,822 3,935
    WASTE MANAGEMENT INC 4,005 4,094
    WALGREENS BOOTS ALLIANCE INC 3,719 3,553
    WALMART INC 14,923 19,562
    WATSCO INC 4,594 4,035
    WESTERN DIGITAL CORP 17,910 9,945
    WESTERN UNION CO 13,820 12,266
    WESTROCK CO 4,669 3,625
    WILLIAMS COS INC 4,333 3,726
    WILLIS TOWERS WATSON PLC 18,134 18,223
    XCEL ENERGY INC 3,944 4,040
    3M CO 3,937 3,811
    FLIR SYSTEMS INC 4,055 3,744

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    452,520
    State & Local Government Securities - End of Year Fair Market Value:


    459,542


    TY 2018 OtherAssetsSchedule
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACIA ASSET ALLOCATION FUND 6,554,657 6,666,491 5,977,386
    ARCHON PARTNERS 6,697,555 6,740,605 6,365,941
    ART 738,100 415,500 415,700


    TY 2018 OtherDecreasesSchedule
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Description Amount
    STOCK FMV ADJUSTMENT 565,378


    TY 2018 OtherExpensesSchedule
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER 186,480 183,945    
    BANK CHARGE 83,533 83,533    


    TY 2018 OtherIncomeSchedule2
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ARCHON PARTNERS 8,161 8,161  
    ACIS ASSET ALLOCATION FUND 69,620 67,262  


    TY 2018 TaxesSchedule
    Name:
    Donald and Marilyn Keough Foundation
    EIN:
    58-1709967
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES PAID 9,567      
    FOREIGN TAXES PAID 13,714 13,661