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 WILLIAM & ELAINE KAPLAN FAMILY
CHARITABLE FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)C/O PKFOD LLP 32 FOSTERTOWN RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWBURGH, NY125501279
A Employer identification number

22-2470361
B Telephone number (see instructions)

(845) 565-5400
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$55,859,855J 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 11,350 11,350  
4 Dividends and interest from securities... 909,340 940,734  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,401,022
b Gross sales price for all assets on line 6a 25,636,602
7 Capital gain net income (from Part IV, line 2)... 5,072,814
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 14,453 -716  
12 Total. Add lines 1 through 11........ 6,336,165 6,024,182  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 55,500 0   55,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 72,978 0   72,978
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 159,425 145,425   14,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 24,000 0   24,000
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,085 22,918   2,070
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 313,988 168,343   168,548
25 Contributions, gifts, grants paid....... 2,770,901 2,770,901
26 Total expenses and disbursements. Add lines 24 and 25 3,084,889 168,343   2,939,449
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,251,276
b Net investment income (if negative, enter -0-) 5,855,839
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............. 189,526 60,374 60,374
2 Savings and temporary cash investments......... 135,678 583,227 583,227
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,096,119 Click to see attachment2,696,701 2,685,842
b Investments—corporate stock (attach schedule)....... 497,017 Click to see attachment458,448 361,104
c Investments—corporate bonds (attach schedule)....... 5,978,182 Click to see attachment5,926,490 5,797,381
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 39,219,225 Click to see attachment41,641,783 46,371,927
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) 48,115,747 51,367,023 55,859,855
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.................. 48,115,747 51,367,023
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 48,115,747 51,367,023
31 Total liabilities and net assets/fund balances (see instructions). 48,115,747 51,367,023
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
48,115,747
2
Enter amount from Part I, line 27a .....................
2
3,251,276
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
51,367,023
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
51,367,023
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b YORK CREDIT OPPORTUNITIES UNIT TRUST P    
c PSAM WORLD ARB FUND LIMITED P    
d OCH-ZIFF OZOFII PRIVATE INVESTORS OFFSHORE LTD P    
e GSO SPECIAL SITUATIONS OVERSEAS FUND LTD P    
ATLAS GLOBAL INVESTMENT, LTD. P    
AVENUE INTERNATIONAL, LTD. P    
AIF VIII PRIVATE INVESTORS OFFSHORE, L.P. P    
BCP VI PRIVATE INVESTORS OFFSHORE, L.P. P    
BLACKSTONE GSO PRIVATE INVESTORS, L.P. (OFFSHORE) P    
BSREP II (BROOKFIELD) PRIVATE INVESTORS OFFSHORE, L.P. P    
CADUCEUS ASIA CPI PRIVATE INVESTORS OFFSHORE, L.P. P    
CCMP III PRIVATE INVESTORS OFFSHORE, L.P. P    
CERBERUS VI PRIVATE INVESTORS OFFSHORE, L.P. P    
GIF V PRIVATE INVESTORS OFFSHORE, L.P. P    
HIGHBRIDGE MEZZANINE PARTNERS, L.P. (OFFSHORE) P    
HPS MEZZANINE PRIVATE INVESTORS OFFSHORE II, L.P. P    
KKR ASIAN FUND PRIVATE INVESTORS OFFSHORE, L.P. P    
KKR ASIAN FUND II PRIVATE INVESTORS OFFSHORE, L.P. P    
LION CAPITAL II PRIVATE INVESTORS OFFSHORE, L.P. P    
PEG DIGITAL GROWTH FUND OFFSHORE SPECIAL II, L.P. P    
PEG DIGITAL GROWTH FUND OFFSHORE, L.P. P    
PROVIDENCE VII PRIVATE INVESTORS, L.P. (OFFSHORE) P    
RIVERSTONE GLOBAL ENERGY AND POWER OFFSHORE IV, L.P. P    
RIVERSTONE GLOBAL ENERGY AND POWER PRIVATE INVESTORS V, L.P. (OFFSHORE) P    
INVITATION HOMES INC. P    
AESSF III PRIVATE INVESTORS OFFSHORE, L.P. P    
GSO PRIVATE INVESTORS OFFSHORE III P    
LC ASIA 3 PRIVATE INVESTORS OFFSHORE P    
SLA PRIVATE INVESTORS OFFSHORE P    
STARWOOD SOF XI PRIVATE INVESTORS OFFSHORE 2, L.P. P    
THRU SCHEDULE K-1 - AIF VII PRIVATE INVESTORS (TE), LLC P    
THRU SCHEDULE K-1 - ALTERNATIVE PROPERTY FUND DOMESTIC I, LP P    
THRU SCHEDULE K-1 - CSFR PRIVATE INVESTORS, LLC P    
THRU SCHEDULE K-1 - U.S. REAL ESTATE INCOME & GROWTH DOMESTIC, L.P. P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 23,502,707   18,926,898 4,575,809
b 450,000   222,218 227,782
c 200,000   104,666 95,334
d 250,000   159,104 90,896
e 230,657   310,070 -79,413
788,448   750,000 38,448
55,558   44,520 11,038
      -4,614
      -20,633
      103,014
      -10,675
      200,347
      -2,118
      -835
      -923
      9,408
      12,863
      64,074
      -2,012
      -812
      -4,635
      624
      343
      -32,542
      -17,934
      -1,965
      -967
      -20,201
      -16,586
      -19,156
      -16,506
      -5,617
      -285,972
      -4,608
      32,326
159,232     159,232
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       4,575,809
b       227,782
c       95,334
d       90,896
e       -79,413
      38,448
      11,038
      -4,614
      -20,633
      103,014
      -10,675
      200,347
      -2,118
      -835
      -923
      9,408
      12,863
      64,074
      -2,012
      -812
      -4,635
      624
      343
      -32,542
      -17,934
      -1,965
      -967
      -20,201
      -16,586
      -19,156
      -16,506
      -5,617
      -285,972
      -4,608
      32,326
      159,232
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 5,072,814
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 3,966,349 59,130,718 0.067078
2016 4,199,913 55,079,115 0.076252
2015 2,994,876 34,500,782 0.086806
2014 4,309,757 61,287,117 0.070321
2013 2,631,365 58,635,437 0.044877
2
Total of line 1, column (d) .....................
2
0.345334
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
0.069067
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
59,870,956
5
Multiply line 4 by line 3......................
5
4,135,107
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
58,558
7
Add lines 5 and 6........................
7
4,193,665
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,939,449
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 1 117,117
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........................... 3 117,117
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- ..... 5 117,117
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 33,495
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 43,495
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 904
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 74,526
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (845) 565-5400

    Located atbulletC/O PKFOD LLP 32 FOSTERTOWN RDNEWBURGHNY ZIP+4bullet125501279
    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
    WILLIAM KAPLAN CHAIRMAN, DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    JOAN P KAPLAN PRESIDENT, DIRECTOR
    8.00     		55,500 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    AMY KAPLAN VICE PRESIDENT, DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    DAVID MARKS TREASURER, DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    RICHARD J DRAKE ESQ SECRETARY, DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    DR HAROLD KAPLAN DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    A VINCENT MAZZIE DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    JAMES O'DONNELL DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    SISTER ANN SAKAC DIRECTOR
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    GLEN L HELLER ESQ ASSISTANT SECRETARY (NON-BOARD MEMBER)
    1.00     		0 0 0
    C/O PKFOD LLP 32 FOSTERTOWN RD
    NEWBURGH,NY125501279
    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
    DRAKE LOEB PLLC ADMINISTRATIVE SERVICES 72,318
    555 HUDSON VALLEY AVE 100
    NEW WINDSOR,NY125534749
    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
    59,915,053
    b
    Average of monthly cash balances.......................
    1b
    867,643
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    60,782,696
    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
    60,782,696
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    911,740
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    59,870,956
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,993,548
    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
    2,993,548
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    117,117
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    117,117
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,876,431
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,876,431
    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
    2,876,431
    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
    2,939,449
    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
    2,939,449
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,939,449
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 2,876,431
    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...... 1,459,246
    c From 2015......  
    d From 2016...... 1,476,497
    e From 2017...... 1,056,258
    fTotal of lines 3a through e........ 3,992,001
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,939,449
    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..... 2,876,431
    e Remaining amount distributed out of corpus 63,018
    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 4,055,019
    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 ......     		4,055,019
    10 Analysis of line 9:
    a Excess from 2014.... 1,459,246
    b Excess from 2015....  
    c Excess from 2016.... 1,476,497
    d Excess from 2017.... 1,056,258
    e Excess from 2018.... 63,018
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACCESS SUPPORTS FOR LIVING FOUNDATION
    15 FORTUNE ROAD WEST
    MIDDLETOWN,NY10941     		N/A PC OPERATING SUPPORT 42,250
    BETHEL WOODS CENTER FOR THE ARTS
    200 HURD ROAD
    BETHEL,NY12720     		N/A PC OPERATING SUPPORT 42,010
    BEVERLY CHILDREN'S LEARNING CENTER
    550 CABOT STREET
    BEVERLY,MA01915     		N/A PC OPERATING SUPPORT 210,000
    BOY SCOUTS HUDSON VALLEY COUNCIL (BSA)
    6 JEANNE DRIVE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 1,650
    BOYS AND GIRLS CLUB NEWBURGH
    285 LIBERTY STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 10,000
    CARE DIMENSIONS
    75 SYLVAN STREET STE B-102
    DANVERS,MA01923     		N/A PC OPERATING SUPPORT 50,000
    CATHOLIC CHARITIES COMMUNITY SERVICES
    280 BROADWAY
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 1,500
    CENTER FOR PREVENTION CHILD ABUSE
    35 VAN WAGNER ROAD
    POUGHKEEPSIE,NY12603     		N/A PC OPERATING SUPPORT 2,000
    CHABAD OF EASTERN ORANGE COUNTY
    845 LITTLE BRITAIN ROAD
    NEW WINDSOR,NY12553     		N/A PC OPERATING SUPPORT 2,500
    CHURCH OF IMMACULATE CONCEPTION
    26 JOHN STREET
    STONY POINT,NY10980     		N/A PC OPERATING SUPPORT 10,000
    COMMITTEE TO RE-ELECT LARKIN
    PO BOX 4321
    NEW WINDSOR,NY12553     		N/A PC OPERATING SUPPORT 1,000
    COMMUNITY FOUNDATION OF ORANGE & SULLIVAN
    30 SCOTTS CORNERS DRIVE STE 203
    MONTGOMERY,NY12549     		N/A PC OPERATING SUPPORT 111,140
    CONGREGATION AGUDAS ISRAEL
    290 NORTH STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 75,000
    CONSERVATION ADVISORY COUNCIL
    83 BROADWAY
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 7,000
    CORNERSTONE FAMILY HEALTHCARE
    147 LAKE STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 210,000
    CRONOMER VALLEY FIRE DEPARTMENT
    296 N PLANK ROAD
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 1,000
    DOWNING PARK PLANNING COMMITTEE
    CARPENTER AVE 3RD STREET PO BOX 306
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 500
    EDUCATION FOUNDATION OF OCCC
    115 SOUTH STREET
    MIDDLETOWN,NY10940     		N/A PC OPERATING SUPPORT 500,000
    FACING HISTORY AND OURSELVES
    150 BROADWAY 2100
    NEW YORK,NY10038     		N/A PC OPERATING SUPPORT 2,000
    FAIRY GODMOTHER PRODUCTIONS
    6 OLD TEMPLE HILL ROAD
    VAILS GATE,NY12584     		N/A PC OPERATING SUPPORT 5,000
    FIRST REFORMED CHURCH OF FISHKILL
    1153 MAIN STREET
    FISHKILL,NY12524     		N/A PC OPERATING SUPPORT 550
    FOOD BANK OF THE HUDSON VALLEY
    195 HUDSON STREET
    CORNWALLONHUDSON,NY12520     		N/A PC OPERATING SUPPORT 3,500
    FOR BETTER LIVES WORLDWIDE INC
    PO BOX 9
    WASHINGTONVILLE,NY10992     		N/A PC OPERATING SUPPORT 4,600
    FOUNDATION FOR NEUROLOGIC DISEASES
    10 STATE STREET
    NEWBURYPORT,MA01950     		N/A PC OPERATING SUPPORT 200,000
    GARRISON ART CENTER
    23 GARRISONS LANDING
    GARRISON,NY10524     		N/A PC OPERATING SUPPORT 1,500
    GINSBERG'S FOODS
    29 GINSBERGS ROAD
    HUDSON,NY12534     		N/A PC OPERATING SUPPORT 12,758
    GREATER NEWBURGH SYMPHONY ORCHESTRA
    211 DUPONT AVENUE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 10,000
    GUIDING EYES FOR THE BLIND
    611 GRANITE SPRINGS ROAD
    YORKTOWN HEIGHTS,NY10598     		N/A PC OPERATING SUPPORT 1,000
    HABITAT FOR HUMANITY OF GREATER NEWBURGH
    125 WASHINGTON STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 61,000
    HISTORICAL SOCIETY OF NEWBURGH
    189 MONTGOMERY STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 1,500
    HOCKING VALLEY CANCER RESOURCE CENTER (HVCRC)
    100 WARD STREET
    MONTGOMERY,NY12549     		N/A PC OPERATING SUPPORT 7,500
    HOOK ELITE BOXING CLUB
    401 WASHINGTON STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 13,500
    HOSPICE OF ORANGE & SULLIVAN COUNTIES
    800 STONY BROOK COURT
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 53,050
    HUDSON HIGHLANDS NATURE MUSEUM
    120 MUSER DRIVE
    CORNWALL,NY12518     		N/A PC OPERATING SUPPORT 2,050
    HUDSON VALLEY HONOR FLIGHT
    PO BOX 375
    WALDEN,NY12586     		N/A PC OPERATING SUPPORT 500
    INSPIRE FOUNDATION
    2 FLETCHER STREET
    GOSHEN,NY10924     		N/A PC OPERATING SUPPORT 3,875
    JEWISH FAMILY SERVICE OF ORANGE COUNTY
    720 ROUTE 17M
    MIDDLETOWN,NY10940     		N/A PC OPERATING SUPPORT 500
    JUVENILE DIABETES RESEARCH FOUNDATION
    11 MARSHALL ROAD
    WAPPINGERS FALLS,NY12590     		N/A PC OPERATING SUPPORT 2,500
    KOL YISRAEL
    429 MIDDLE NECK ROAD
    GREAT NECK,NY11023     		N/A PC OPERATING SUPPORT 106,000
    LIBERTY ROTARY CLUB
    1980 STATE ROUTE 52
    LIBERTY,NY12754     		N/A PC OPERATING SUPPORT 260
    LIBERTY SCIENCE CENTER
    222 JERSEY CITY BLVD
    JERSEY CITY,NJ07305     		N/A PC OPERATING SUPPORT 2,500
    MEALS ON WHEELS
    35 CERONE PLACE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 500
    MIAMI BEACH JEWISH COMMUNITY CENTER
    4221 PINE TREE DRIVE
    MIAMI BEACH,FL33140     		N/A PC OPERATING SUPPORT 1,800
    MOUNT SAINT MARY COLLEGE
    330 POWELL AVENUE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 373,675
    MUSEUM VILLAGE
    1010 NY-17M
    MONROE,NY10950     		N/A PC OPERATING SUPPORT 250
    NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE
    184 LIBERTY STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 500
    NATIONAL ORGANIZATION OF ADULT ADDICTIONS AND RECOVERY
    PO BOX 318
    MILLBROOK,NY12545     		N/A PC OPERATING SUPPORT 30,000
    NATIONAL PURPLE HEART HALL OF HONOR
    374 TEMPLE HILL ROAD
    NEW WINDSOR,NY12553     		N/A PC OPERATING SUPPORT 1,000
    NEW JERSEY COMMUNITY CAPITAL
    108 CHURCH STREET 3
    NEW BRUNSWICK,NJ08901     		N/A PC OPERATING SUPPORT 1,690
    NEWBURGH ARMORY UNITY CENTER
    321 SOUTH WILLIAM STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 137,800
    NEWBURGH FIREFIGHTER BENEVOLENT ASSOCIATION
    PO BOX 1513
    NEWBURGH,NY12551     		N/A PC OPERATING SUPPORT 2,500
    NEWBURGH FREE ACADEMY CONCEPT VEHICLE RACING TEAM
    201 FULLERTON AVENUE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 10,000
    NEWBURGH MINISTRY
    9 JOHNSTON STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 22,500
    NEWBURGH URBAN FARM & FOOD INC
    PO BOX 541
    NEWBURGH,NY12551     		N/A PC OPERATING SUPPORT 500
    NEWBURGH ZION LIONS
    180 SOUTH STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 7,500
    ORANGE COUNTY ARTS COUNCIL
    23 WHITE OAK DRIVE
    CHESTER,NY10918     		N/A PC OPERATING SUPPORT 16,000
    ORANGE COUNTY CITIZEN'S FOUNDATION
    23 WHITE OAK DRIVE
    CHESTER,NY10918     		N/A PC OPERATING SUPPORT 36,000
    ORANGE COUNTY PARTNERSHIP
    40 MATTHEWS STREET
    GOSHEN,NY10924     		N/A PC OPERATING SUPPORT 90
    ROLLING THUNDER INC
    PO BOX 216
    NESHANIC STATION,NJ08853     		N/A PC OPERATING SUPPORT 1,000
    SAFE HARBORS OF THE HUDSON
    111 BROADWAY
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 500
    SAFE HOMES OF ORANGE COUNTY
    280 BROADWAY
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 1,250
    SAN MIGUEL ACADEMY OF NEWBURGH
    245 RENWICK STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 1,000
    SCENIC HUDSON
    ONE CIVIC CENTER PLAZA STE 200
    POUGHKEEPSIE,NY12601     		N/A PC OPERATING SUPPORT 1,000
    ST CHRISTOPHER'S INN
    21 FRANCISCAN WAY
    GARRISON,NY10524     		N/A PC OPERATING SUPPORT 120,000
    ST LUKE'S CORNWALL HOSPITAL
    70 DUBOIS STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 50,070
    ST NICHOLAS GREEK ORTHODOX CHURCH
    19 FULLERTON AVENUE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 2,800
    STORM KING ART CENTER
    1 MUSEUM ROAD
    NEW WINDSOR,NY12553     		N/A PC OPERATING SUPPORT 12,500
    SUNY ORANGE FOUNDATION
    ONE WASHINGTON CENTER
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 65,153
    TEMPLE BETH JACOB
    290 NORTH STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 9,200
    TEMPLE B'NAI ABRAHAM
    300 EAST NORTHFIELD ROAD
    LIVINGSTON,NJ07039     		N/A PC OPERATING SUPPORT 50,000
    THE ARCH OF ORANGE COUNTY
    249 BROADWAY
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 2,500
    TOWN OF NEWBURGH ANIMAL SHELTER
    645 GIDNEY AVENUE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 10,000
    UNITED WAY OF THE DUTCHESS-ORANGE REGION
    75 MARKET STREET
    POUGHKEEPSIE,NY12601     		N/A PC OPERATING SUPPORT 2,580
    UPSTATE K-9
    222 BRICK SCHOOLHOUSE ROAD
    HILTON,NY14468     		N/A PC OPERATING SUPPORT 7,500
    VFW POST 973
    15 HUDSON VALLEY PROFESSIONAL PLAZA
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 7,500
    VILLANOVA UNIVERSITY
    800 EAST LANCASTER AVENUE
    VILLANOVA,PA19085     		N/A PC OPERATING SUPPORT 5,000
    WALKWAY OVER THE HUDSON
    87 HAVILAND ROAD
    HIGHLAND,NY12528     		N/A PC OPERATING SUPPORT 3,350
    WENDY WALK FJC
    11400 WEST OLYMPIC BLVD SUITE 600
    LOS ANGELES,CA90064     		N/A PC OPERATING SUPPORT 2,500
    Total .................................bullet 3a 2,770,901
    bApproved for future payment
    MSMC MATH SCI & TECH CTR
    330 POWELL AVENUE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 2,700,000
    AGUDAS ISRAEL
    290 NORTH STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 250,000
    CARE DIMENSIONSHOSPICE NORTH SHORE
    75 SYLVAN STREET STE B-102
    DANVERS,MA01923     		N/A PC OPERATING SUPPORT 250,000
    CORNERSTONE FAMILY HEALTHCARE
    147 LAKE STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 100,000
    FOUNDATION FOR NEUROLOGICAL DISEASES
    10 STATE STREET
    NEWBURYPORT,MA01950     		N/A PC OPERATING SUPPORT 1,800,000
    KOL YISRAEL
    429 MIDDLE NECK ROAD
    GREAT NECK,NY11023     		N/A PC OPERATING SUPPORT 1,800,000
    MSMC - DOMINICAN CENTER
    330 POWELL AVENUE
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 2,500,000
    NATIONAL PURPLE HEART HALL OF HONOR
    374 TEMPLE HILL ROAD
    NEW WINDSOR,NY12553     		N/A PC OPERATING SUPPORT 150,000
    OCCUPATIONS INC
    21 GRAND STREET
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 800,000
    ORANGE COUNTY COMMUNITY COLLEGE - NEWBURGH CAMPUS
    ONE WASHINGTON CENTER
    NEWBURGH,NY12550     		N/A PC OPERATING SUPPORT 4,500,000
    Total .................................bullet 3b 14,850,000
    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 11,350  
    4 Dividends and interest from securities....     14 909,340  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 5,401,022  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS INCOME     		    01 14,453  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 6,336,165 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,336,165
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABB FINANCE USA INC 2.875% MAY 08 2022 DTD 05/08/2012 30,480 29,539
    ABBVIE INC 2.850% 05/14/2023 DTD 05/12/2016 15,195 14,453
    ACE INA HOLDINGS 5.9% JUN 15 2019 DTD 06/08/2009 12,483 10,129
    ALABAMA POWER CO 2.450% 03/30/2022 DTD 03/03/2017 19,984 19,471
    ALLSTATE CORP 3.150% 06/15/2023 DTD 06/07/2013 10,352 9,987
    ALTRIA GROUP INC 2.85% AUG 09 2022 DTD 08/09/2012 15,231 14,399
    ALTRIA GROUP INC 2.950% 05/02/2023 DTD 05/02/2013 14,676 14,268
    AMAZON.COM INC 2.600% 12/05/2019 DTD 12/05/2014 8,982 8,977
    AMERICAN EXPRESS CO 2.500% 08/01/2022 DTD 08/01/2017 43,258 43,431
    AMERICAN HONDA FINANCE MTN 2.250% 08/15/2019 DTD 09/09/2014 29,945 29,859
    AMERIPRISE FINANCIAL INC 2.875% 09/15/2026 DTD 08/11/2016 18,980 17,701
    AMERIPRISE FINANCIAL INC 3.700% 10/15/2024 DTD 09/18/2014 15,290 14,992
    AMGEN INC SR NOTES 5.7% FEB 01 2019 DTD 01/16/2009 27,740 25,051
    ANHEUSER-BUSCH INBEV FIN 3.650% 02/01/2026 DTD 01/25/2016 30,932 28,332
    APPLE INC 2.850% 05/11/2024 DTD 05/11/2017 5,071 4,876
    APPLE INC 3.250% 02/23/2026 DTD 02/23/2016 16,358 15,626
    APPLE INC 3.450% 05/06/2024 DTD 05/06/2014 46,039 45,010
    AT&T INC 2.300% 03/11/2019 DTD 03/10/2014 5,000 4,991
    ATOMS ENERGY CORP 8 1/2% MAR 15 2019 DTD 03/26/2009 11,715 9,098
    AVALONBAY COMMUNITIES MTN 3.200% 01/15/2028 DTD 11/15/2017 14,940 14,235
    AVALONBAY COMMUNITIES 3.450% 06/01/2025 DTD 05/13/2015 14,551 14,758
    BALTIMORE GAS & ELECTRIC 2.400% 08/15/2026 DTD 08/18/2016 14,246 13,730
    BANK OF AMERICA CORP MTN 3.300% 01/11/2023 DTD 01/11/2013 8,935 8,863
    BANK OF AMERICA CORP VAR RT 07/21/2023 DTD 07/21/2017 100,049 96,722
    BANK OF AMERICA CORP MTN VAR RT 01/20/2023 DTD 01/20/2017 6,016 5,899
    BANK OF NEW YORK MELLON MTN 2.200% 03/04/2019 DTD 02/04/2014 30,016 29,965
    BANK OF NOVA SCOTIA 1.650% 06/14/2019 DTD 06/14/2016 44,714 44,745
    BB&T CORPORATION MTN 2.850% 10/26/2024 DTD 10/26/2017 43,614 43,231
    BERKSHIRE HATHAWAY INC 2.750% 03/15/2023 DTD 03/15/2016 45,720 44,172
    BLACKROCK INC 3.500% 03/18/2024 DTD 03/18/2014 15,540 15,161
    BOEING CO 7 1/4% JUN 15 2025 DTD 7/7/93 12,213 12,179
    BP CAPITAL MARKETS PLC 3.224% 04/14/2024 DTD 02/14/2017 58,802 58,739
    BURLINGTN NORTH SANTA FE 3.05% MAR 15 2022 DTD 03/02/2012 19,437 19,975
    CATERPILLAR FINACIAL SE MEDIUM TERM NOTE 7.15% FEB 15 2019 DTD 02/12/2009 28,560 25,116
    CHARLES SCHWAB CORP 3.225% 09/01/2022 DTD 08/27/2012 5,198 5,002
    CITIGROUP INC 2.500% 07/29/2019 DTD 07/29/2014 50,071 49,830
    CITIGROUP INC 3.200% 10/21/2026 DTD 10/21/2016 27,520 27,705
    CITIGROUP INC VAR RT 07/24/2023 DTD 07/24/2017 14,968 14,511
    CME GROUP INC 3.000% 03/15/2025 DTD 03/09/2015 19,878 19,483
    COMCAST CORP 3.375% 02/15/2025 DTD 08/12/2014 19,585 19,597
    COMCAST CORP 3.95% 10/15/2025 DTD 10/05/2018 2,996 3,037
    COMCAST CORP 3.150% 03/01/2026 DTD 02/23/2016 1,880 1,915
    COMCAST CORP 2.350% 01/15/2027 DTD 07/19/2016 18,314 17,900
    CONNECTICUT LIGHT & PWR 3.200% 03/15/2027 DTD 03/10/2017 14,949 14,742
    COVENTRY HEALTH CARE INC 5.45% JUN 15 2021 DTD 06/07/2011 15,713 15,530
    DETROIT EDISON COMPANY 2.65% JUN 15 2022 DTD 06/22/2012 4,933 4,880
    DOMINION GAS HLDGS LLC 2.800% 11/15/2020 DTD 11/17/2015 1,993 1,970
    EATON CORP 6.95% MAR 20 2019 DTD 3/16/2009 29,985 25,241
    EDISON INTERNATIONAL 4.125% 03/15/2028 DTD 03/13/2018 14,977 14,205
    ENTERGY ARKANSAS INC 3.050% 06/01/2023 DTD 05/30/2013 13,036 12,855
    ERP OPERATING LP 3.000% 04/15/2023 DTD 04/10/2013 30,541 29,506
    EXXON MOBIL CORPORATION 3.043% 03/01/2026 DTD 03/03/2016 14,000 13,665
    GENERAL DYNAMICS CORP 3 7/8% JUL 15 2021 DTD 07/12/2011 15,491 15,330
    GENERAL ELEC CAP CORP 3.15% SEP 07 2022 DTD 09/07/2012 13,402 12,285
    GENERAL ELEC CAP CORP NOTES 4 5/8% JAN 07 2021 DTD 01/07/2011 36,587 35,089
    GILEAD SCIENCES INC 3.700% 04/01/2024 DTD 03/07/2014 46,131 44,921
    GOLDMAN SACHS GROUP INC 3.500% 01/23/2025 DTD 01/23/2015 4,998 4,742
    GOLDMAN SACHS GROUP INC 4.250% 10/21/2025 DTD 10/21/2015 2,997 3,037
    GOLDMAN SACHS GROUP INC 3.000% 04/26/2022 DTD 01/26/2017 89,296 87,155
    GOLDMAN SACHS GROUP INC 4.000% 03/03/2024 DTD 03/03/2014 20,206 19,734
    HOME DEPOT INC SR NTS 3.9% 12/06/2028 DTD 14,897 15,374
    HSBC HOLDINGS PLC 4% MAR 30 2022 DTD 03/30/2012 27,731 27,350
    HSBC HOLDINGS PLC 4.875% JAN 14 2022 DTD 11/17/2011 49,181 46,513
    HSBC HOLDINGS PLC 5.1% APR 05 2021 DTD 04/01/2011 15,466 15,511
    IN MI PWR SR NTS 3.85% 05/15/2028 DTD 29,906 30,187
    INTEL CORP 3.700% 07/29/2025 DTD 07/29/2015 1,997 2,018
    INVESCO FINANCE PLC 4.000% 01/30/2024 DTD 11/12/2013 14,949 14,975
    JOHN DEERE CAPITAL CORP MTN 2 3/4% MAR 15 2022 DTD 02/27/2012 24,064 26,586
    LINCOLN NATIONAL CORP 4.000% 09/01/2023 DTD 08/16/2013 5,129 5,097
    LINCOLN NATIONAL CORP 6 1/4% FEB 15 2020 DTD 12/11/2009 11,772 10,320
    LLOYDS TSB BANK PLC 6 3/8% JAN 21 2021 DTD 01/21/2011 32,412 31,685
    LOWE'S COMPANIES INC 3.8% NOV 15 2021 DTD 11/23/2011 25,249 25,237
    MANULIFE FINANCIAL CORP 4.9% SEP 17 2020 DTD 09/17/2010 15,458 15,388
    MANULIFE FINANCIAL CORP 4.150% 03/04/2026 DTD 03/04/2016 15,265 15,157
    MARSH & MCLENNAN COS INC 3.300% 03/14/2023 DTD 03/14/2016 15,023 14,831
    MEDTRONIC INC 3.125% 03/15/2022 DTD 03/19/2012 14,467 13,946
    MEDTRONIC INC 3.500% 03/15/2025 DTD 08/31/2015 15,197 14,947
    MERCK & CO INC 2.350% 02/10/2022 DTD 02/10/2015 14,496 14,698
    METLIFE INC 4.368% 09/15/2023 DTD 09/10/2013 32,213 30,884
    MICROSOFT CORP 2.375% 05/01/2023 DTD 05/02/2013 13,953 13,699
    MITSUBISHI UFJ FIN GRP 2.998% 02/22/2022 DTD 02/22/2017 30,300 29,579
    MORGAN STANLEY MTN 3.875% 01/27/2026 DTD 01/27/2016 45,564 43,912
    MORGAN STANLEY 3.700% 10/23/2024 DTD 10/20/2014 59,364 58,999
    MUFG AMERICAS HLDGS CORP 3.000% 02/10/2025 DTD 02/10/2015 24,032 23,026
    NBCUNIVERSAL MEDIA LLC 4 3/8% APR 01 2021 DTD 04/01/2011 28,120 25,624
    NEXEN ENERGY ULC 6.200% 07/30/2019 DTD 07/27/2009 15,286 15,259
    NORTHERN STATES PWR-MINN 2.600% 05/15/2023 DTD 05/20/2013 15,008 14,549
    NOVARTIS SECS INVEST LTD 5 1/8% FEB 10 2019 DTD 02/10/2009 25,643 25,050
    NUTRIEN LTD 4.875% 03/30/2020 DTD 04/10/2018 10,711 10,173
    NUTRIEN LTD 3.625% 03/15/2024 DTD 04/10/2018 19,822 19,431
    OCCIDENTAL PETROLEUM COR 3.500% 06/15/2025 DTD 06/23/2015 10,080 9,899
    OCCIDENTAL PETROLEUM COR 4.1% FEB 01 2021 DTD 12/16/2010 15,528 15,258
    ONCOR ELECTRIC DELIVERY 2.950% 04/01/2025 DTD 10/22/2015 29,573 29,227
    ORACLE CORP 2.400% 09/15/2023 DTD 07/07/2016 45,090 43,180
    ORIX CORP 3.700% 07/18/2027 DTD 07/18/2017 29,886 28,965
    PACIFIC GAS & ELECTRIC 3.300% 03/15/2027 DTD 03/10/2017 14,947 12,355
    PACIFIC GAS & ELECTRIC 3.850% 11/15/2023 DTD 11/12/2013 6,987 6,264
    PHILIP MORRIS INTL INC 2.500% 11/02/2022 DTD 11/02/2017 9,644 9,611
    PNC FINANCIAL SERVICES 8.729% 11/09/2022 DTD 11/09/2012 STEP CPN 4,954 4,900
    POTOMAC ELECTRIC POWER 3.600% 03/15/2024 DTD 03/18/2014 15,540 15,161
    PRECISION CASTPARTS CORP 3.250% 06/15/2025 DTD 06/10/2015 15,021 14,740
    PRINCIPAL FINANCIAL GROU 3.125% 05/15/2023 DTD 11/16/2012 12,982 12,832
    PROGRESSIVE CORP 2.450% 01/15/2027 DTD 08/25/2016 5,998 5,466
    PROLOGIS LP 4.250% 08/15/2023 DTD 08/15/2013 15,963 15,485
    PRUDENTIAL FINANCIAL INC MTN 3.878% 03/27/2028 DTD 03/27/2018 15,000 15,083
    QUALCOMM INC 3.250% 05/20/2027 DTD 05/26/2017 18,950 17,756
    RABOBANK NEDERLAND NOTES 4 1/2% JAN 11 2021 DTD 01/11/2011 48,944 46,058
    REALTY INCOME CORP 3.650% 01/15/2028 DTD 12/06/2017 14,975 14,545
    REALTY INCOME CORP 3.000% 01/15/2027 DTD 10/12/2016 13,970 13,954
    SAN DIEGO G & E 2.500% 05/15/2026 DTD 05/19/2016 13,955 12,988
    SHELL INTERNATIONAL FIN 3.250% 05/11/2025 DTD 05/11/2015 40,213 39,459
    SIERRA PACIFIC POWER CO 3.375% 08/15/2023 DTD 08/15/2013 31,178 29,974
    SIMON PROPERTY GROUP LP 3.750% 02/01/2024 DTD 01/21/2014 25,846 25,058
    SIMON PROPERTY GROUP LP 3.375% 10/01/2024 DTD 09/10/2014 19,804 19,566
    STATE STREET CORP 3.100% 05/15/2023 DTD 05/15/2013 9,984 9,826
    STATE STREET CORP VAR RT 05/15/2023 DTD 05/15/2017 19,393 19,480
    STATE STREET CORP 3.550% 08/18/2025 DTD 08/18/2015 10,317 9,980
    STATOIL ASA 2.900% 11/08/2020 DTD 11/08/2013 2,999 2,988
    STRYKER CORP 3.375% 11/01/2025 DTD 10/29/2015 15,499 14,508
    SUMITOMO MITSUI FINL GRP 2.058% 07/14/2021 DTD 07/14/2016 29,642 29,053
    SUMITOMO MITSUI FINL GRP 3.102% 01/17/2023 DTD 01/17/2018 29,348 29,426
    TD AMERITRADE HOLDING CO 5.6% DEC 01 2019 DTD 11/25/2009 17,862 15,316
    TORONTO-DOMINION BANK 2.125% 04/07/2021 DTD 04/07/2016 13,976 13,699
    TORONTO-DOMINION BANK SR NTS MTN 3.15% 09/17/2020 DTD 09/17/2018 64,986 65,139
    TOTAL CAPITAL INTL SA 3.750% 04/10/2024 DTD 01/15/2014 15,710 15,167
    TRANS - CANADA PIPELINES 7 1/8% JAN 15 2019 DTD 01/09/2009 16,257 16,021
    TRANS-CANADA PIPELINES 2.5% AUG 01 2022 DTD 08/02/2012 4,898 4,798
    TRANS-CANADA PIPELINES 3.750% 10/16/2023 DTD 10/07/2013 5,088 4,982
    UNITEDHEALTH GROUP INC 2.950% 10/15/2027 DTD 10/25/2017 11,990 11,344
    UNITEDHEALTH GROUP INC 3 3/8% NOV 15 2021 DTD 11/10/2011 25,501 25,158
    US BANCORP MTN 2.95% JUL 15 2022 DTD 07/23/2012 24,794 24,659
    VERIZON COMMUNICATIONS 2.625% 08/15/2026 DTD 08/01/2016 3,990 3,628
    VIRGINIA ELEC & POWER CO 3.450% 02/15/2024 DTD 02/07/2014 14,132 13,989
    WALT DISNEY COMPANY/THE MTN 2.55% FEB 15 2022 DTD 02/14/2012 24,525 24,598
    WELLS FARGO & COMPANY 3.450% 02/13/2023 DTD 02/13/2013 29,991 29,369
    WELLS FARGO & COMPANY 4.100% 06/03/2026 DTD 06/03/2014 30,270 29,310
    WELLS FARGO & COMPANY MTN 2.625% 07/22/2022 DTD 07/24/2017 34,839 33,747
    WESTPAC BANKING CORP 2.100% 05/13/2021 DTD 05/13/2016 14,928 14,592
    WESTPAC BANKING CORP NOTES 4 7/8% NOV 19 2019 DTD 11/19/2009 30,686 30,466
    WESTPAC BNKG CORP SR NTS 2.85% 05/13/2026 DTD 05/13/2016 27,846 27,884
    ABBVIE INC 3.200% 11/06/2022 DTD 05/14/2015 15,176 14,775
    ACE INA HOLDINGS 5.9% JUN 15 2019 DTD 06/08/2009 10,165 10,129
    AETNA INC 2.750% 11/15/2022 DTD 10/07/2012 6,726 6,715
    AFLAC INC 3.625% 06/15/2023 DTD 06/10/2013 10,314 10,033
    AMAZON.COM INC 2.600% 12/05/2019 DTD 12/05/2014 8,982 8,977
    AMERICAN EXPRESS CO 2.500% 08/01/2022 DTD 08/01/2017 24,979 24,128
    AMERICAN HONDA FINANCE MTN 2.250% 08/15/2019 DTD 09/09/2014 14,972 14,930
    AMERICREDIT AUTOMOBILE RECEIVA 2016-3 CL B 1.800% 10/08/2021 DTD 08/11/2016 34,331 34,608
    AMERIPRISE FINANCIAL INC 3.700% 10/15/2024 DTD 09/18/2014 PENDING AMORT 10,264 9,995
    ANHEUSER BUSCH INBEV WOR 6 7/8% NOV 15 2019 DTD 11/15/2010 15,587 15,460
    APPLE INC 2.100% 09/12/2022 DTD 09/12/2017 14,999 14,493
    AXIS SPECIALTY FINANCE 5 7/8% JUN 01 2020 DTD 03/23/2010 15,705 15,430
    BAKER HUGHES INC 3.200% 08/15/2021 DTD 02/15/2012 10,181 9,884
    BANK OF AMERICA CORP MTN 3.300% 01/11/2023 DTD 01/11/2013 12,238 11,818
    BANK OF AMERICA CORP VAR RT 07/21/2023 DTD 07/21/2017 8,021 7,865
    BANK OF AMERICA CORP VAR RT 07/21/2023 DTD 07/21/2017 PENDING AMORT 15,007 14,508
    BANK OF MONTREAL MTN 2.100% 12/12/2019 DTD 12/12/2016 14,789 14,858
    BANK OF NEW YORK MELLON MTN 2.200% 03/04/2019 DTD 02/04/2014 10,023 9,988
    BANK OF NOVA SCOTIA 1.650% 06/14/2019 DTD 06/14/2016 24,841 24,858
    BANK OF NY MELLON CORP MTN 2.150% 02/24/2020 DTD 02/24/2015 4,992 4,956
    BB&T CORPORATION MTN 2.625% 06/29/2020 DTD 06/29/2015 15,069 14,860
    BOSTON PROPERTIES LP 4 1/8% MAY 15 2021 DTD 11/18/2010 15,558 15,203
    BP CAP MARKETS AMER 4.5% 10/01/2020 DTD 12/14/2018 25,460 25,592
    CALIFORNIA REPUBLIC AUTO RECEI 2016-1 CL A4 10/15/2021 DTD 03/17/2016 40,403 39,970
    CANADIAN IMPERIAL BANK 2.550% 06/16/2022 DTD 06/16/2017 14,986 14,606
    CAPITAL AUTO RECEIVABLES ASSET 2013-4 CL D 3.220% 05/20/2019 DTD 11/27/2013 34,947 35,073
    CAPITAL ONE FINANCIAL CO 3.050% 03/09/2022 DTD 03/09/2017 15,028 14,629
    CARMAX AUTO OWNER TRUST 2016-CL A3 1.400% 08/15/2021 DTD 10/26/2016 38,113 38,188
    CITIGROUP INC 2.500% 07/29/2019 DTD 07/29/2014 30,043 29,898
    DOMINION ENERGY GAS HLDG SR NTS 3.55% 11/01/2023 DTD 07/31/2014 14,894 14,964
    DEUTSCHE BANK AG 3.375% 05/12/2021 DTD 05/12/2016 10,030 9,650
    ERP OPERATING LP 3.000% 04/15/2023 DTD 04/10/2013 15,271 14,753
    FANNIE MAE SER 2005-68 CL GC 5% JUL 25 2035 DTD 07/01/2005 45,031 43,547
    FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD SER 2697 CL LG 4.50% 77,937 74,063
    FHLMC 2177 CL FH VAR RT 08/15/2029 DTD 08/15/1999 27,241 27,596
    FHLMC 2626 CL YC 5.000% 06/15/2023 DTD 06/30/2003 15,548 14,687
    FHLMC 3237 CL CD 5.500% 09/15/2036 DTD 11/01/2006 49,445 48,999
    FHLMC 3249 CL CB 4.250% 12/15/2036 DTD 12/01/2006 78,266 77,645
    FHLMC 3664 CL DA 4.0% 11/15/2037 DTD 11/01/2010 111,498 112,827
    FHLMC 3840 CL HA 3.500% 01/15/2025 DTD 04/28/2011 4,233 4,104
    FHLMC 4274 CL PN 3.500% 10/15/2035 DTD 10/01/2013 58,094 56,986
    FNMA 761492 5% 09/01/19 1,722 1,617
    FHLMC DEC2594 CL YA 4.000% 04/15/2023 DTD 04/30/2003 16,859 16,590
    FHLMC GOLD G18009 5% 09/01/19 2,986 2,840
    FHLMC GOLD G11728 5.5% 02/01/20 1,723 1,635
    FHLMC GOLD B18276 4.5% 04/01/20 4,318 4,172
    FHLMC GOLD G11720 4.5% 08/01/20 1,609 1,547
    FHLMC GOLD B19825 5% 08/01/20 7,848 7,467
    FHLMC GOLD G12710 5.5% 07/01/22 16,826 16,027
    FHLMC GOLD G11773 5% 10/01/20 5,322 5,057
    FHLMC GOLD G12255 5.5% 07/01/21 5,316 4,975
    FHLMC GOLD D94917 7% 08/01/21 11,210 10,196
    FHLMC GOLD G12277 6% 08/01/21 8,693 8,160
    FHLMC GOLD POOL G12185 5.000% 04/01/2021 DTD 05/01/2006 11,347 10,725
    FHLMC GOLD POOL G12381 5.000% 09/01/2021 DTD 09/01/2006 8,726 8,219
    FHLMC SER 2696 CL DG 5.5% OCT 15 2033 DTD 10/01/2003 52,497 51,569
    FHLMC SER 2843 CL BC 5% AUG 15 2019 DTD 08/01/2004 103 94
    FHLMC SER 2888 CL GY 4.5% NOV 15 2019 DTD 11/01/2004 1,390 1,299
    FIFTH THIRD BANCORP 2.875% 07/27/2020 DTD 07/27/2015 15,148 14,907
    FNMA 764262 4% 05/01/19 465 454
    FNMA AE0019 5% 07/01/20 1,279 1,210
    FNMA 845159 4.5% 01/01/21 3,571 3,452
    FNMA 995264 6.5% 12/01/23 12,630 11,763
    FNMA 2004-25 CL PC 5.500% 01/25/2035 DTD 07/01/2005 15,292 15,103
    FNMA 2005-70 CL KP 5.000% 06/25/2035 DTD 07/01/2005 137,743 132,192
    FNMA 2008-60 CL A 5.000% 07/25/2038 DTD 06/30/2008 95,304 97,693
    FNMA 2010-19 CL PB 3.000% 12/25/2039 DTD 02/01/2010 16,076 15,667
    FNMA 2010-98 CL BH 5.500% 09/25/2040 DTD 08/01/2010 27,730 27,934
    FNMA 2012-140 CL VW 3.000% 07/20/2042 DTD 11/01/2012 57,764 58,528
    FNMA POOL 831304 5.500% 01/01/2021 DTD 01/02/2006 7,847 7,259
    FNMA POOL 889717 5.500% 12/01/2021 DTD 06/01/2008 9,057 9,057
    FNMA POOL 890231 5.000% 07/01/25 28,541 26,818
    FNMA POOL 945910 5.500% 08/01/2037 DTD 08/01/2007 5,932 5,621
    FNMA POOL 962034 5.000% 03/01/2023 DTD 02/01/2008 23,048 21,748
    FNMA REMIC 2003-33 CL PG 5.500% 05/25/2033 DTD 04/01/2003 115,122 116,801
    FORD CREDIT FLOORPLAN MASTER O 2016-1 CL A1 02/15/2021 DTD 02/17/2016 51,969 51,901
    FREDDIE MAC 3393 CL BY 5.500% NOV 15 2037 DTD 11/01/2007 27,230 27,325
    FREDDIE MAC REFERENCE REMIC R003 CL ZA 5.500% 10/15/2035 DTD 10/07/2005 94,761 94,154
    FREDDIE MAC SER 1644 CL K 6.75% DEC 15 2023 DTD 12/01/1993 9,220 8,695
    GENERAL DYNAMICS CORP 3 7/8% JUL 15 2021 DTD 07/12/2011 10,327 10,220
    GENERAL ELEC CAP CORP NOTES 4 5/8% JAN 07 2021 DTD 01/07/2011 10,406 10,026
    GILEAD SCIENCES INC 3.250% 09/01/2022 DTD 09/14/2015 15,370 14,964
    GNMA 2009-78 CL NC 5.000% 09/20/2039 DTD 09/01/2009 41,515 41,394
    GNMA POOL 721420 4.000% 09/15/2024 DTD 09/01/2009 29,455 28,835
    GOLDMAN SACHS GROUP INC 2.550% 10/23/2019 DTD 10/23/2014 4,990 4,968
    GOLDMAN SACHS GROUP INC 3.000% 04/26/2022 DTD 01/26/2017 19,557 19,368
    GOLDMAN SACHS GROUP INC VAR RT 07/24/2023 DTD 07/21/2017 9,745 9,524
    HALLIBURTON COMPANY 3 1/4% NOV 15 2021 DTD 11/14/2011 15,264 14,987
    HSBC HOLDINGS PLC 4% MAR 30 2022 DTD 03/30/2012 15,539 15,195
    HSBC HOLDINGS PLC 4.875% JAN 14 2022 DTD 11/17/2011 5,299 5,168
    HYUNDAI AUTO RECEIVABLES TRUST 2015-A CL B 1.780% 07/15/2020 DTD 01/21/2015 28,370 28,530
    INVESCO FINANCE PLC 4.000% 01/30/2024 DTD 11/12/2013 15,793 14,975
    JOHN DEERE CAPITAL CORP MTN 2.700% 01/06/2023 DTD 01/08/2018 14,507 14,628
    KEYCORP MTN 5.1% MAR 24 2021 DTD 03/24/2011 15,830 15,557
    LINCOLN NATIONAL CORP 4.000% 09/01/2023 DTD 08/16/2013 PENDING AMORT 15,303 15,290
    LOCKHEED MARTIN CORP 2.500% 11/23/2020 DTD 11/23/2015 15,067 14,833
    MERCEDES-BENZ AUTO LEASE TRUST 2017-A CL A4 2.010% 01/17/2023 DTD 04/26/2017 40,102 39,682
    MORGAN STANLEY 2.800% 06/16/2020 DTD 06/16/2015 30,003 29,801
    NISSAN AUTO LEASE TRUST 2016-B CL A4 01/18/2022 DTD 09/21/2016 38,856 38,863
    NOMURA HOLDINGS INC 6.7% MAR 04 2020 DTD 03/04/2010 15,586 15,577
    NUCOR CORP 4 1/8% SEP 15 2022 DTD 09/21/2010 15,810 15,419
    ONEBEACON US HOLDINGS IN 4.600% 11/09/2022 DTD 11/09/2012 10,139 10,064
    ORACLE CORP 2.500% 10/15/2022 DTD 10/25/2012 19,932 19,464
    ORIX CORP 2.900% 07/18/2022 DTD 07/18/2017 15,108 14,656
    PNC FUNDING CORP SR NOTES 5 1/8% FEB 08 2020 DTD 02/08/2010 15,429 15,315
    PPG INDUSTRIES INC 2.300% 11/15/2019 DTD 11/12/2014 10,029 9,935
    PRUDENTIAL FINANCIAL INC 5 3/8% JUN 21 2020 DTD 06/21/2010 25,988 25,759
    RABOBANK NEDERLAND NOTES 4 1/2% JAN 11 2021 DTD 01/11/2011 25,898 25,588
    REALITY INCOME CORP 3.875% 07/15/2024 DTD 06/25/2014 14,993 15,024
    ROYAL BANK OF CANADA 2.500% 01/19/2021 DTD 01/19/2016 4,994 4,943
    SANTANDER DRIVE AUTO RECEIVABL 2015-5 CL C 2.740% 12/15/2021 DTD 12/21/2015 18,120 18,095
    SANTANDER DRIVE AUTO RECEIVABLE TR 2016-3 2016-3 CL C 2.46% 05.15.2022 39,725 39,732
    SANTANDER UK GROUP HLDGS 3.125% 01/08/2021 DTD 01/08/2016 15,059 14,726
    SIMON PROPERTY GROUP LP 2.500% 09/01/2020 DTD 08/17/2015 9,878 9,890
    SOUTHERN CO 2.350% 07/01/2021 DTD 05/24/2016 14,744 14,583
    SOUTHWESTERN ELEC POWER 3.550% 02/15/2022 DTD 02/03/2012 15,317 15,028
    SUMITOMO MITSUI FINL GRP 2.784% 07/12/2022 DTD 07/12/2017 15,028 14,615
    SUNTRUST BANKS INC 2.700% 01/27/2022 DTD 12/01/2016 14,988 14,629
    TD AMERITRADE HOLDING CO 5.6% DEC 01 2019 DTD 11/25/2009 17,963 15,316
    TORONTO-DOMINION BANK 2.125% 04/07/2021 DTD 04/07/2016 10,981 10,764
    TOTAL CAPITAL SA 4 1/8% JAN 28 2021 DTD 01/28/2011 15,563 15,316
    TRANS - CANADA PIPELINES 7 1/8% JAN 15 2019 DTD 01/09/2009 19,238 15,019
    UNITED TECHNOLOGIES CORP 8 7/8% NOV 15 2019 DTD 11/13/1989 10,582 10,472
    US BANCORP MTN 2.95% JUL 15 2022 DTD 07/23/2012 19,084 18,740
    WALT DISNEY COMPANY/THE MTN 2.55% FEB 15 2022 DTD 02/14/2012 14,793 14,759
    WELLPOINT INC 3.3% JAN 15 2023 DTD 09/10/2012 15,176 14,759
    WELLS FARGO & COMPANY 3.069% 01/24/2023 DTD 01/24/2017 35,324 34,088
    WESTPAC BANKING CORP NOTES 4 7/8% NOV 19 2019 DTD 11/19/2009 25,524 25,388
    WORLD FINANCIAL NETWORK CREDIT SER 2012-A CL A 3.14% JAN 17 2023 DTD 04/12/2 35,615 34,996
    WORLD FINANCIAL NETWORK CREDIT 2016-C CL A 1.720% 08/15/2023 24,613 24,729
    WORLD OMNI AUTOMOBILE LEASE SE 2016-A CL A3 1.450% 08/15/2019 DTD 07/20/2016 8,497 8,003

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BIOGEN INC (BIIB) 1,200 SHARES 458,448 361,104

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    US Government Securities - End of Year Book Value:

    2,696,701
    US Government Securities - End of Year Fair Market Value:

    2,685,842
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AESSF III PRIVATE INVESTORS OFFSHORE, L.P. AT COST 470,701 557,257
    AIF (APOLLO) VIII PRIVATE INVESTORS OFFSHORE, L.P. AT COST 641,778 927,967
    APOLLO VII PRIVATE INVESTORS ONSHORE (TAX EXEMPT), LLC AT COST 0 110,617
    BCP VI PRIVATE INVESTORS OFFSHORE, LP AT COST 142,074 494,507
    BLACKSTONE GSO PRIVATE INVESTORS, L.P. (OFFSHORE) AT COST 0 68,647
    BSREP II (BROOKFIELD) PRIVATE INVESTORS OFFSHORE, L.P. AT COST 525,249 628,139
    CADUCEUS ASIA CPI PRIVATE INVESTORS OFFSHORE, LP (OFFSHORE INVESTORS) AT COST 157,670 318,015
    CCMP III PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A AT COST 352,435 493,710
    CERBERUS VI PRIVATE INVESTORS OFFSHORE, L.P. AT COST 686,308 691,241
    CSFR PRIVATE INVESTORS, LLC (COLONY ONSHORE) CLASS A AT COST 0 990
    GIF V PRIVATE INVESTORS OFFSHORE LP AT COST 81,386 239,446
    GSO PRIVATE INVESTORS OFFSHORE III SICAV-RAIF S.C.S AT COST 73,274 81,733
    HIGHBRIDGE MEZZANINE PARTNERS, L.P. (OFFSHORE) AT COST 0 133,590
    HPS - CORE SENIOR LENDING OFFSHORE FUND (PB), L.P. AT COST 195,171 201,217
    HPS MEZZANINE PRIVATE INVESTORS OFFSHORE II L.P CLASS A AT COST 0 241,903
    INVITATION HOMES INC AT COST 424,181 433,106
    JP MORGAN ALTERNATIVE PROPERTY FUND DOMESTIC 1 L.P. AT COST 1,000,000 7,785
    JPM U.S. REAL ESTATE INCOME AND GROWTH DOMESTIC LP AT COST 1,244,784 1,022,655
    JPM US I&G DOMESTIC REIT INC AT COST 1,000 1,000
    KKR ASIAN FUND II PRIVATE INVESTORS OFFSHORE, LP - CLASS A AT COST 0 33,972
    KKR ASIAN FUND PRIVATE INVESTORS OFFSHORE L.P. AT COST 313,675 527,410
    LC ASIA 3 PRIVATE INVESTORS OFFSHORE L.P. - CLASS A AT COST 375,000 330,537
    LION CAPITAL II PRIVATE INVESTORS OFFSHORE, L.P AT COST 234,975 53,531
    PEG DIGITAL GROWTH FUND OFFSHORE LP AT COST 904,347 1,027,575
    PEG DIGITAL GROWTH FUND OFFSHORE SPECIAL II LP AT COST 0 45,349
    PROVIDENCE VII PRIVATE INVESTORS, LP (OFFSHORE) CLASS A AT COST 119,496 423,677
    RIVERSTONE GLOBAL ENERGY AND POWER OFFSHORE IV, LP AT COST 170,185 350,227
    RIVERSTONE GLOBAL ENERGY AND POWER PRIVATE INVESTORS V, LP (OFFSHORE) AT COST 625,610 825,739
    SLA PRIVATE INVESTORS OFFSHORE, L.P. - CLASS A AT COST 176,140 176,140
    STARWOOD SOF XI PRIVATE INVESTORS OFFSHORE 2, L.P. AT COST 22,500 22,500
    VINTAGE EUROPEAN OPPORTUNITY FUND OFFSHORE, LP AT COST 279,918 346,573
    DODGE & COX INCOME FD AT COST 472,535 453,387
    DODGE & COX INTL STOCK FD AT COST 895,483 1,117,195
    EDGEWOOD GROWTH FD-INS AT COST 1,338,676 1,719,790
    FIDELITY INTERNATIONAL INDEX FUND AT COST 1,949,612 1,788,003
    FIDELITY 500 INDEX FD-AI AT COST 3,592,275 3,290,875
    GOLDENTREE OFFSHORE LTD (NEW ISSUES INELIGIBLE) CLASS SP 1-1 SIDE POCKET AT COST 17,680 10,798
    GOLDENTREE OFFSHORE LTD CLASS G-R SERIES 18 AT COST 448,141 966,686
    GOLDENTREE OFFSHORE LTD SP 8-1 SIDE POCKET AT COST 22,522 128,812
    GOLDENTREE OFFSHORE LTD. CLASS SP 1-5 SIDE POCKET AT COST 1,415 1,835
    ISHARES BARCLAYS TIPS BOND FUND AT COST 509,194 497,285
    JPMORGAN EQUITY INCOME-R6 AT COST 1,309,637 1,570,359
    SIX CIRCLES US UNCONSTRAINED AT COST 2,924,418 2,714,460
    SIX CIRCLES INTERNATIONAL AT COST 1,462,209 1,330,739
    JPMORGAN BETABUILDERS DEVELOPED ASIA EX AT COST 514,912 457,717
    JPMORGAN BETABUILDERS JAPAN ETF AT COST 1,955,425 1,816,320
    JPMORGAN BETABUILDERS EUROPE ETF AT COST 1,564,336 1,356,168
    JPMORGAN BETABUILDERS CANADA ETF AT COST 505,471 421,464
    JPMORGAN HIGH YIELD-R6 6.43% AT COST 407,154 447,772
    JPMORGAN STRAT INC OPP-R6 AT COST 434,370 452,251
    LOCUST WOOD CAPITAL OFFSHORE, LTD CLASS D (>=$1M) - NEW ISSUES INELIGIBLE - AT COST 1,000,000 1,127,391
    OCH-ZIFF OZOFII PRIVATE INVESTORS OFFSHORE LTD. CLASS G PRIME - NEW ISSUES I AT COST 340,896 534,017
    MFS EMERGING MKTS DEBT FD R6 AT COST 475,190 479,042
    PSAM WORLD ARB FUND LIMITED CLASS D BENCHMARK - NEW ISSUES INELIGIBLE AT COST 573,167 1,121,595
    SPDR S&P 500 ETF TRUST AT COST 5,691,160 7,011,506
    T ROWE PR OVERSEAS STOCK-I AT COST 740,266 1,137,701
    SIX CIRCLES ULTRA SHORT DURATION AT COST 975,000 971,104
    THE WINTON FUND LIMITED TRANCHE B - NEW ISSUES INELIGIBLE 05-16 AT COST 925,000 988,735
    VANGUARD TOTAL INTL BND-ADM AT COST 1,100,000 1,094,428
    YORK CREDIT OPPORTUNITIES UNIT TRUST CLASS B - NEW ISSUES INELIGIBLE LEAD SE AT COST 277,782 547,737

    TY 2018 LegalFeesSchedule
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL LEGAL COUNSEL 72,978 0   72,978


    TY 2018 OtherExpensesSchedule
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 2,070 0   2,070
    INVESTMENT FEES 15 15   0
    OTHER EXPENSES THRU SCHEDULE K-1'S 0 22,903   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    THRU SCHEDULE K-1 - AIF VII PRIVATE INVESTORS (TE), LLC   861  
    ALTERNATIVE PROPERTY FUND DOMESTIC I, LP   -1,577  
    MISCELLANEOUS INCOME 14,453   14,453


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE WILLIAM & ELAINE KAPLAN FAMILY
     
    CHARITABLE FOUNDATION
    EIN:
    22-2470361
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE SERVICES 14,000 0   14,000
    INVESTMENT MANAGEMENT AND ADVISORY 145,425 145,425   0