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 BUNTING FAMILY FOUNDATION
C/O KNOLLWOOD INVESTMENT ADVISORY
Number and street (or P.O. box number if mail is not delivered to street address)217 INTERNATIONAL CIRCLE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HUNT VALLEY, MD21030
A Employer identification number

52-1724988
B Telephone number (see instructions)

(443) 541-2447
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$84,662,594J 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) 3,446,540
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 510,126 508,129  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 62,131
b Gross sales price for all assets on line 6a 1,849,736
7 Capital gain net income (from Part IV, line 2)... 62,131
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 371,159 312,561  
12 Total. Add lines 1 through 11........ 4,389,956 882,821  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,000 0   40,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 200,000 100,000   100,000
17 Interest............... 56,890 56,890   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 107,751 51,751   0
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 403,998 389,648   10,180
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 808,639 598,289   150,180
25 Contributions, gifts, grants paid....... 3,685,000 3,685,000
26 Total expenses and disbursements. Add lines 24 and 25 4,493,639 598,289   3,835,180
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -103,683
b Net investment income (if negative, enter -0-) 284,532
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......... 515,109 2,060 2,060
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 61,708,259 Click to see attachment62,117,625 84,660,534
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) 62,223,368 62,119,685 84,662,594
Liabilities 17 Accounts payable and accrued expenses.......... 100,493 100,493
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)......... 100,493 100,493
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........ 1,315,280 1,315,280
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 60,807,595 60,703,912
30 Total net assets or fund balances (see instructions)..... 62,122,875 62,019,192
31 Total liabilities and net assets/fund balances (see instructions). 62,223,368 62,119,685
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
62,122,875
2
Enter amount from Part I, line 27a .....................
2
-103,683
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
62,019,192
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
62,019,192
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 FROM K-1 - BUNTING FAMILY FOUNDATION TE, LLC P 2018-01-01 2018-12-31
b FROM K-1 - BUNTING FAMILY FOUNDATION TE, LLC P 2018-01-01 2018-12-31
c CAPITAL GAINS DIVIDENDS P    
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     1,787,605 -1,787,605
b 1,849,734     1,849,734
c 2     2
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       -1,787,605
b       1,849,734
c       2
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 62,131
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 3,720,869 73,101,230 0.050900
2016 3,023,549 54,087,781 0.055901
2015 2,772,612 54,100,806 0.051249
2014 2,352,550 52,215,467 0.045055
2013 1,611,500 45,090,707 0.035739
2
Total of line 1, column (d) .....................
2
0.238844
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
0.047769
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
78,633,882
5
Multiply line 4 by line 3......................
5
3,756,262
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,845
7
Add lines 5 and 6........................
7
3,759,107
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,835,180
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 2,845
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 2,845
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 2,845
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 73,899
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 73,899
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 71,054
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet71,054 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    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 ofbulletKNOLLWOOD INVESTMENT ADVISORY Telephone no.bullet (443) 541-2447

    Located atbullet217 INTERNATIONAL CIRCLEHUNT VALLEYMD ZIP+4bullet21030
    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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    GEORGE L BUNTING JR DIRECTOR
    0.30     		0 0 0
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030
    MARY CATHERINE BUNTING DIRECTOR
    0.30     		0 0 0
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030
    JEFFREY G BUNTING DIRECTOR
    1.50     		10,000 0 0
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030
    MARC G BUNTING DIRECTOR
    1.50     		10,000 0 0
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030
    CHRISTOPHER L BUNTING PRESIDENT & CEO
    1.50     		10,000 0 0
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030
    MARY ELLEN KRANZLIN DIRECTOR
    1.50     		10,000 0 0
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030
    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
    KNOLLWOOD INVESTMENT ADVISORY PROFESSIONAL SERVICES 200,000
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030
    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 NONE 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    499,015
    c
    Fair market value of all other assets (see instructions)................
    1c
    79,332,337
    d
    Total (add lines 1a, b, and c).........................
    1d
    79,831,352
    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
    79,831,352
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,197,470
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    78,633,882
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,931,694
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,931,694
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,845
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    9,264
    c
    Add lines 2a and 2b............................
    2c
    12,109
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,919,585
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,919,585
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,919,585
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,835,180
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,835,180
    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
    2,845
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,832,335
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 3,919,585
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 176,348
    d From 2016...... 383,218
    e From 2017...... 88,073
    fTotal of lines 3a through e........ 647,639
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,835,180
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 3,835,180
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 84,405 84,405
    (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 5 563,234
    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 ......     		563,234
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 91,943
    c Excess from 2016.... 383,218
    d Excess from 2017.... 88,073
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    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).)
    GEORGE L BUNTING JR
    MARY CATHERINE BUNTING
    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
    AMERICAN RED CROSS OF CENTRAL MARYLAND
    4800 MOUNT HOPE DRIVE
    BALTIMORE,MD21215     		  PC GENERAL SUPPORT 40,000
    AMERICAN RIVERS
    1101 14TH STREET NW SUITE 1400
    WASHINGTON,DC20005     		  PC GENERAL SUPPORT 35,000
    AMERICAN VISIONARY ARTS MUSEUM
    800 KEY HIGHWAY
    BALTIMORE,MD21230     		  PC GENERAL SUPPORT 15,000
    AMERICARES FREE CLINICS
    88 HAMILTON AVENUE
    STANFORD,CT06902     		  PC GENERAL SUPPORT 30,000
    ARTS EVERY DAY
    1800 NORTH CHARLES STREET 1800
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 10,000
    B'MORE CLUBHOUSE
    9 EAST FRANKLIN STREET
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 5,000
    BALTIMORE CHESAPEAKE BAY OUTWARD BOUND CENTER
    LEAKIN PARK -1900 EAGLE DRIVE
    BALTIMORE,MD21207     		  PC GENERAL SUPPORT 26,000
    BALTIMORE COMMUNITY FOUNDATION
    2 EAST READ STREET 9TH FLOOR
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 55,000
    BALTIMORE EDUCATION SCHOLARSHIP TRUST
    808 NORTH CHARLES STREET SUITE 200
    C
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 20,000
    BALTIMORE MUSEUM OF ART
    10 ART MUSEUM DRIVE
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 21,000
    BALTIMORE MUSEUM OF INDUSTRY
    1415 KEY HIGHWAY
    BALTIMORE,MD21230     		  PC GENERAL SUPPORT 5,000
    BALTIMORE SCHOOL FOR THE ARTS FOUNDATION
    712 CATHEDRAL STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 8,000
    BALTIMORE STATION
    140 W WEST STREET 2ND FLOOR
    BALTIMORE,MD12130     		  PC GENERAL SUPPORT 3,000
    BALTIMORE SYMPHONY ORCHESTRA
    1212 CATHEDRAL STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 121,000
    BALTIMORE TREE TRUST
    PO BOX 26202
    BALTIMORE,MD21210     		  PC GENERAL SUPPORT 10,000
    BENEDICTINE SISTERS OF BALTIMORE
    2229 WEST JOPPA ROAD
    LUTHERVILLE,MD21093     		  PC GENERAL SUPPORT 5,000
    BIG BROTHERS BIG SISTERS & THE MD MENTORING PARTNER
    3600 CLIPPER MILL ROAD SUITE 250
    BALTIMORE,MD21211     		  PC GENERAL SUPPORT 5,000
    BLUE WATER BALTIMORE
    3545 BELAIR RD
    BALTIMORE,MD21213     		  PC GENERAL SUPPORT 25,000
    BRIDGEPORT HOSPITAL FOUNDATION
    267 GRANT STREET
    BRIDGEPORT,CT06610     		  PC GENERAL SUPPORT 40,000
    CATHOLIC CHARITIES - BALTIMORE
    320 CATHEDRAL STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 70,000
    CATHOLIC RELIEF SERVICES
    228 WEST LEXINGTON STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 30,000
    CARMELITE SISTERS OF BALTIMORE
    1318 DULANEY VALLEY ROAD
    BALTIMORE,MD21286     		  PC GENERAL SUPPORT 6,000
    CASA OF BALTIMORE INC
    511 E BALTIMORE STREET
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 2,000
    CASA OF BALTIMORE INC (COUNTY)
    305 W CHESAPEAKE AVE SUITE 117
    BALTIMORE,MD21204     		  PC GENERAL SUPPORT 2,000
    CENTER FOR LARGE LANDSCAPE CONSERVATION
    303 W MENDENHALL SUITE 4
    BOZEMAN,MT59715     		  PC GENERAL SUPPORT 50,000
    CENTER STAGE
    700 N CALVERT STREET
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 15,000
    CHESAPEAKE BAY FOUNDATION
    6 HERNDON AVENUE
    ANNAPOLIS,MD21403     		  PC GENERAL SUPPORT 273,000
    CHESAPEAKE CONSERVANCY
    716 GIDDINGS AVE
    ANNAPOLIS,MD21403     		  PC GENERAL SUPPORT 65,000
    CHILDREN'S SCHOLARSHIP FUND BALTIMORE
    1000 ST PAUL STREET
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 15,000
    CHRISTIAN APPALACHIAN PROJECT
    2610 PALUMBO DRIVE
    LEXINGTON,KY40509     		  PC GENERAL SUPPORT 15,000
    CIVICS WORKS
    2701 ST LO DRIVE
    BALTIMORE,MD21213     		  PC GENERAL SUPPORT 80,000
    COMMUNITY MEDIATION PROGRAM
    3333 GREENMOUNT AVENUE
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 5,000
    CRISTO REY JESUIT HIGH SCHOOL
    420 SOUTH CHESTER STREET
    BALTIMORE,MD21231     		  PC GENERAL SUPPORT 50,000
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVENUE 2ND FLOOR
    NEW YORK,NY10001     		  PC GENERAL SUPPORT 35,000
    EARTHJUSTICE
    416 17TH STREET 6TH FLOOR
    OAKLAND,CA94612     		  PC GENERAL SUPPORT 161,000
    EAST NORWALK BLUE INC
    7 EDGEWATER PLACE
    NORWALK,CT06852     		  PC GENERAL SUPPORT 10,000
    ENOCH PRATT FREE LIBRARY
    400 CATHEDRAL STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 5,000
    ENVIRONMENTAL INTEGRITY PROJECT
    1000 VERMONT AVENUE NW SUITE 1100
    WASHINGTON,DC20005     		  PC GENERAL SUPPORT 25,000
    EVERYMAN THEATRE
    1727 N CHARLES STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 10,000
    FEEDING AMERICA
    35 EAST WACKER DRIVE SUITE 2000
    CHICAGO,IL60601     		  PC GENERAL SUPPORT 30,000
    FRANCISAN CENTER
    101 WEST 23RD STREET
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 5,000
    FRANCISCAN FRIARS - OUR LADY OF ANGELS PROVINCE - CARROLLTON HALL
    12280 FOLLY QUARTER ROAD
    ELLICOTT CITY,MD21042     		  PC GENERAL SUPPORT 25,000
    FRIENDS OF ALIANCA DA TERRA
    5711 OLD HARDING ROAD STE 6
    NASHVILLE,TN37205     		  PC GENERAL SUPPORT 30,000
    GOUCHER PRISON EDUCATION PARTNERSHIP
    1021 DULANEY VALLEY ROAD
    BALTIMORE,MD21204     		  PC GENERAL SUPPORT 5,000
    GREATER BALTIMORE CULTURAL ALLIANCE
    120 W NORTH AVENUE SUITE 305
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 5,000
    HABITAT FOR HUMANITY OF THE CHESAPEAKE
    3741 COMMERCE DRIVE SUITE 309
    BALTIMORE,MD21227     		  PC GENERAL SUPPORT 20,000
    HAMPDEN FAMILY CENTER
    800 WEST 36TH STREET
    BALTIMORE,MD21211     		  PC GENERAL SUPPORT 20,000
    HEALTHCARE ACCESS MARYLAND
    ONE NORTH CHARLES STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 25,000
    HEALTHCARE FOR THE HOMELESS
    421 THE FALLSWAY
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 25,000
    HEALTHY NEIGHBORHOODS
    2 E READ STREET
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 10,000
    HORIZON DAY CAMP BALTIMORE
    8 MARKET PLACE SUITE 331
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 10,000
    HOUSE OF RUTH MARYLAND
    2201 ARGONNE DRIVE
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 25,000
    INDEPENDENT COLLEGE FUND OF MARYLAND
    3225 ELLERSLIE AVENUE SUITE C 160
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 25,000
    INNOVATION WORKS
    TWO ALLEGHENY CENTER STE 100 - NOVA
    TOWER 2
    PITTSBURGH,PA15212     		  PC GENERAL SUPPORT 84,000
    INSTITUTE FOR ISLAMIC CHRISTIAN & JEWISH STUDIES
    956 DULANEY VALLEY ROAD
    BALTIMORE,MD21204     		  PC GENERAL SUPPORT 13,000
    INSTITUTE FOR MARINE AND ENVIRONMENTAL TECHNOLOGY
    701 E PRATT STREET
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 5,000
    IRVINE NATURE CENTER
    11201 GARRISON FOREST ROAD
    OWINGS MILLS,MD21117     		  PC GENERAL SUPPORT 5,000
    JOHNS HOPKINS UNIVERSITY - NEIGHBORHOOD LEADERSHIP PROGRAM
    615 N WOLFE STREET
    BALTIMORE,MD21205     		  PC GENERAL SUPPORT 100,000
    KENNEDY KRIEGER INSTITUTE
    707 NORTH BROADWAY
    BALTIMORE,MD21205     		  PC GENERAL SUPPORT 60,000
    LOYOLA UNIVERSITY OF MARYLAND - MESSINA PROGRAM
    4501 N CHARLES STREET
    BALTIMORE,MD21210     		  PC GENERAL SUPPORT 100,000
    MARYLAND ART PLACE
    218 W SARATOGA STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 15,000
    MARYLAND FILM FESTIVAL
    5 WEST NORTH AVENUE
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 100,000
    MARYLAND FOOD BANK INC
    2200 HALETHORPE FARMS ROAD
    BALTIMORE,MD21227     		  PC GENERAL SUPPORT 35,000
    MARYLAND HISTORICAL SOCIETY
    201 WEST MONUMENT STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 10,000
    MARYLAND INSTITUTE COLLEGE OF ART
    1300 W MOUNT ROYAL AVENUE
    BALTIMORE,MD21217     		  PC GENERAL SUPPORT 3,000
    MARYLAND SCIENCE CENTER
    601 LIGHT STREET
    BALTIMORE,MD21230     		  PC GENERAL SUPPORT 10,000
    MARYLAND ZOO IN BALTIMORE
    1876 MANSION HOUSE DRIVE DRUID HILL
    PARK
    BALTIMORE,MD21217     		  PC GENERAL SUPPORT 55,000
    MOSAIC COMMUNITY SERVICES INC
    1925 GREENSPRING DRIVE
    TIMONIUM,MD21093     		  PC GENERAL SUPPORT 10,000
    MOVEABLE FEAST
    901 NORTH MILTON AVENUE
    BALTIMORE,MD21205     		  PC GENERAL SUPPORT 5,000
    NAMI - METROPOLITAN BALTIMORE INC
    6600 YORK ROAD SUITE 204
    BALTIMORE,MD21212     		  PC GENERAL SUPPORT 20,000
    NATIONAL AQUARIUM IN BALTIMORE
    PIER 3 501 EAST PRATT STREET
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 195,000
    NATIONAL PARK TRUST INC
    401 E JEFFERSON STREET SUITE 207
    ROCKVILLE,MD20850     		  PC GENERAL SUPPORT 10,000
    NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE
    ARLINGTON,VA22203     		  PC GENERAL SUPPORT 10,000
    NEXT ONE UP FOUNDATION
    PO BOX 22503
    BALTIMORE,MD21203     		  PC GENERAL SUPPORT 15,000
    NORTHERN ROCKIES CONSERVATION COOPERATIVE
    185 CENTER ST STE C/D
    JACKSON,WY83001     		  PC GENERAL SUPPORT 30,000
    OPEN SOCIETY INSTITUTE - BALTIMORE
    201 NORTH CHARLES STREET SUITE 1300
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 60,000
    OPEN WORKS
    1400 GREENMOUNT AVENUE
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 5,000
    PARKS & PEOPLE FOUNDATION
    800 WYMAN PARK DRIVE SUITE 010
    BALTIMORE,MD21211     		  PC GENERAL SUPPORT 5,000
    PORT DISCOVERY CHILDREN'S MUSEUM
    35 MARKET PLACE
    BALTIMORE,MD21202     		  PC GENERAL SUPPORT 20,000
    SANTA'S HELPERS ANONYMOUS
    14411 COOPER ROAD
    PHOENIX,MD21231     		  PC GENERAL SUPPORT 1,000
    SHEPHERD'S CLINIC
    2800 KIRK AVENUE
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 15,000
    SINGLE CARROT THEATRE INC
    2600 N HOWARD STREET
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 1,000
    SISTERS ACADEMY OF BALTIMORE
    139 FIRST AVENUE
    BALTIMORE,MD21227     		  PC GENERAL SUPPORT 6,000
    SISTERS CIRCLE INC
    PO BOX 84
    TIMONIUM,MD21094     		  PC GENERAL SUPPORT 10,000
    SOUNDKEEPER
    PO BOX 4058
    NORWALK,CT06855     		  PC GENERAL SUPPORT 35,000
    SOUTHWEST PARTNERSHIP
    1138 HOLLINS STREET
    BALTIMORE,MD21223     		  PC GENERAL SUPPORT 5,000
    ST AMBROSE HOUSING AID CENTER
    321 EAST 25TH STREET
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 4,000
    ST VINCENT DE PAUL OF BALTIMORE
    2305 N CHARLES STREET SUITE 300
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 20,000
    TEACH FOR AMERICA
    2601 N HOWARD ST 300
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 10,000
    THE CONSERVATION FUND
    1655 NORTH FORT MYER DRIVE SUITE
    1300
    ARLINGTON,VA22209     		  PC GENERAL SUPPORT 45,000
    THE LAND INSTITUTE
    2440 EWATER WELL ROAD
    SALINA,KS67401     		  PC GENERAL SUPPORT 20,000
    THE LOADING DOCK INC
    2 N KRESSON ST
    BALTIMORE,MD21224     		  PC GENERAL SUPPORT 1,000
    THE OCEAN CONSERVANCY
    1300 19TH ST NW 8TH FLOOR
    WASHINGTON,DC20036     		  PC GENERAL SUPPORT 30,000
    THE SAMARITAN WOMEN
    602 SOUTH CHAPEL GATE LANE
    BALTIMORE,MD21229     		  PC GENERAL SUPPORT 10,000
    THREAD MENTORING
    PO BOX 1584
    BALTIMORE,MD21203     		  PC GENERAL SUPPORT 10,000
    TRASH FREE MARYLAND
    3002 LAUREL AVENUE
    CHEVERLY,MD20785     		  PC GENERAL SUPPORT 15,000
    TRUST FOR PUBLIC LAND
    101 MONTGOMERY ST SUITE 900
    SAN FRANCISCO,CA59935     		  PC GENERAL SUPPORT 40,000
    UNITED WAY OF CENTRAL MARYLAND
    100 SOUTH CHARLES STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 10,000
    UNIVERSITY OF BALTIMORE FOUNDATION INC
    1420 N CHARLES STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 50,000
    UNIVERSITY OF MARYLAND BALTIMORE FOUNDATION INC
    620 W LEXINGTON STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 30,000
    UNIVERSITY OF MARYLAND BALTIMORE COUNTY FOUNDATION
    1000 HILLTOP CIRCLE ADMINISTRATION
    BUILDING
    BALTIMORE,MD21250     		  PC GENERAL SUPPORT 150,000
    UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE FOUNDATION
    3300 METZEROTT ROAD
    ADELPHI,MD20783     		  PC GENERAL SUPPORT 20,000
    UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION
    4603 CALVERT ROAD
    COLLEGE PARK,MD20740     		  PC GENERAL SUPPORT 5,000
    URBAN TEACHERS
    1500 UNION AVENUE SUITE 2200
    BALTIMORE,MD21211     		  PC GENERAL SUPPORT 25,000
    WALTERS ART MUSEUM
    600 NORTH CHARLES STREET
    BALTIMORE,MD21201     		  PC GENERAL SUPPORT 40,000
    WASHINGTON COLLEGE
    300 WASHINGTON AVENUE
    CHESTERSTOWN,MD21620     		  PC GENERAL SUPPORT 150,000
    WILDERNESS SOCIETY
    1615 M STREET NW
    WASHINGTON,DC20036     		  PC GENERAL SUPPORT 35,000
    YAAK VALLEY FOREST COUNCIL
    265 RIVERVIEW DRIVE
    TROY,MT59935     		  PC GENERAL SUPPORT 25,000
    YELLOWSTONE TO YUKON CONSERVATION INITIATIVE
    PO BOX 157
    BOZEMAN,MT59771     		  PC GENERAL SUPPORT 35,000
    YOUNG AUDIENCES OF MARYLAND
    2600 NORTH HOWARD STREET SUITE 1300
    BALTIMORE,MD21218     		  PC GENERAL SUPPORT 10,000
    YWCA OF ANNAPOLIS AND ANNE ARUNDEL COUNTY
    1517 RITCHIE HWY 201
    ARNOLD,MD21012     		  PC GENERAL SUPPORT 50,000
    NORTHERN KENYA FUND
    217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030     		  PF GENERAL SUPPORT 60,000
    THRIIVE INC
    PO BOX 5339
    KETCHUM,ID83340     		  POF GENERAL SUPPORT 39,000
    YUKON CONSERVATION
    302 HAWKINS ST WHITEHORSE
      YUKONY1A1X6
    CA     		  NC GENERAL SUPPORT 30,000
    Total .................................bullet 3a 3,685,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 510,126  
    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..... 523000 58,598 14 312,561  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 62,131  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 58,598 884,818 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    943,416
    (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
    THE BUNTING FAMILY FOUNDATION
    C/O KNOLLWOOD INVESTMENT ADVISORY
    Employer identification number

    52-1724988
    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
    THE BUNTING FAMILY FOUNDATION
    C/O KNOLLWOOD INVESTMENT ADVISORY         		Employer identification number
    52-1724988
    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
    DOROTHY W BUNTING CHARITABLE TRUST
     
    217 INTERNATIONAL CIRCLE
     
    HUNT VALLEY, MD21030

    		$ 3,446,540


    (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
    THE BUNTING FAMILY FOUNDATION
    C/O KNOLLWOOD INVESTMENT ADVISORY         		Employer identification number

    52-1724988
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    THE BUNTING FAMILY FOUNDATION
    C/O KNOLLWOOD INVESTMENT ADVISORY         		Employer identification number

    52-1724988
    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 AllOthProgRltdInvestmentsSch
    Name:
    THE BUNTING FAMILY FOUNDATION
     
    C/O KNOLLWOOD INVESTMENT ADVISORY
    EIN:
    52-1724988
    Category Amount
    NONE 0

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    THE BUNTING FAMILY FOUNDATION
     
    C/O KNOLLWOOD INVESTMENT ADVISORY
    EIN:
    52-1724988
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    NORTHERN KENYA FUND
          		217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030     		2018-12-03 60,000 A GRANT WAS MADE TO NORTHERN KENYA FUND WHO IN TURN MADE A DONATION TO CHALBI SCHOLARS ORGANIZATION, A KENYAN SCHOLARSHIP FUND THAT PROVIDES SCHOLARSHIPS FOR SECONDARY AND UNIVERSITY EDUCATION TO HIGH ACHIEVING AND DESERVING STUDENTS EACH YEAR IN KENYA'S MARSABIT DISTRICT. 60,000 NO 10/30/19   THE FUNDS EXPENDED BY THE ORGANIZATION WERE USED FOR THEIR INTENDED PURPOSE.
    NORTHERN KENYA FUND
          		217 INTERNATIONAL CIRCLE
    HUNT VALLEY,MD21030     		2017-12-20 57,000 A GRANT WAS MADE TO NORTHERN KENYA FUND WHO IN TURN MADE A DONATION TO CHALBI SCHOLARS ORGANIZATION, A KENYAN SCHOLARSHIP FUND THAT PROVIDES SCHOLARSHIPS FOR SECONDARY AND UNIVERSITY EDUCATION TO HIGH ACHIEVING AND DESERVING STUDENTS EACH YEAR IN KENYA'S MARSABIT DISTRICT. 57,000 NO 10/30/18   THE FUNDS EXPENDED BY THE ORGANIZATION WERE USED FOR THEIR INTENDED PURPOSE.
    YUKON CONSERVATION SOCIETY
          		302 HAWKINS STREET
    WHITEHORSE,YUKONY1A 1X6
    CA     		2016-12-07 20,000 FUNDING FOR THE YUKON CONSERVATION SOCIETY'S ENERGY PROGRAM, WHICH IS LINKED TO ITS CAMPAIGN TO PROTECT THE PEEL WATERSHED.   NO     A REPORT HAS NOT YET BEEN RECEIVED AS THIS IS AN ONGOING PROGRAM.
    THRIIVE INC
          		PO BOX 5339
    KETCHUM,ID83340     		2017-10-04 35,000 TO SUPPORT THE CHARITABLE ACTIVITIES OF THE ORGANIZATION. 35,000 YES 8/30/19   THERE WAS A DIVERSION OF THE GRANT FUNDS FROM THEIR INTENDED PURPOSE. THE GRANTEE ORGANIZATION IS TAKING ALL APPROPRIATE STEPS TO PREVENT THIS FROM HAPPENING IN THE FUTURE.
    THRIIVE INC
          		PO BOX 5339
    KETCHUM,ID83340     		2017-12-19 3,000 TO SUPPORT THE CHARITABLE ACTIVITIES OF THE ORGANIZATION. 3,000 YES 8/30/19   THERE WAS A DIVERSION OF THE GRANT FUNDS FROM THEIR INTENDED PURPOSE. THE GRANTEE ORGANIZATION IS TAKING ALL APPROPRIATE STEPS TO PREVENT THIS FROM HAPPENING IN THE FUTURE.
    YUKON CONSERVATION SOCIETY
          		302 HAWKINS STREET
    WHITEHORSE,YUKONY1A 1X6
    CA     		2017-12-19 20,000 FUNDING FOR THE YUKON CONSERVATION SOCIETY'S ENERGY PROGRAM, WHICH IS LINKED TO ITS CAMPAIGN TO PROTECT THE PEEL WATERSHED.   NO     A REPORT HAS NOT YET BEEN RECEIVED AS THIS IS AN ONGOING PROGRAM.
    THRIIVE INC
          		PO BOX 5339
    KETCHUM,ID83340     		2018-10-15 39,000 TO SUPPORT THE CHARITABLE ACTIVITIES OF THE ORGANIZATION. 39,000 YES 8/30/19   THERE WAS A DIVERSION OF THE GRANT FUNDS FROM THEIR INTENDED PURPOSE. THE GRANTEE ORGANIZATION IS TAKING ALL APPROPRIATE STEPS TO PREVENT THIS FROM HAPPENING IN THE FUTURE.
    YUKON CONSERVATION SOCIETY
          		302 HAWKINS STREET
    WHITEHORSE,YUKONY1A 1X6
    CA     		2018-12-05 30,000 FUNDING FOR THE YUKON CONSERVATION SOCIETY'S ENERGY PROGRAM, WHICH IS LINKED TO ITS CAMPAIGN TO PROTECT THE PEEL WATERSHED. 30,000 NO 3/5/19   THE FUNDS EXPENDED BY THE ORGANIZATION WERE USED FOR THEIR INTENDED PURPOSE.

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE BUNTING FAMILY FOUNDATION
     
    C/O KNOLLWOOD INVESTMENT ADVISORY
    EIN:
    52-1724988
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BUNTING FAMILY FOUNDATION TE LLC AT COST 62,117,625 84,660,534

    TY 2018 OtherExpensesSchedule
    Name:
    THE BUNTING FAMILY FOUNDATION
     
    C/O KNOLLWOOD INVESTMENT ADVISORY
    EIN:
    52-1724988
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FROM K-1 - BUNTING FAMILY FOUNDATION TE LLC 389,648 389,648   0
    FROM K-1 - BUNTING FAMILY FOUNDATION TE LLC - NONDEDUCTIBLE EXPENSES 4,170 0   0
    DUES & LICENSES 10,180 0   10,180


    TY 2018 OtherIncomeSchedule2
    Name:
    THE BUNTING FAMILY FOUNDATION
     
    C/O KNOLLWOOD INVESTMENT ADVISORY
    EIN:
    52-1724988
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FROM K-1 - BUNTING FAMILY FOUNDATION TE LLC 371,159 312,561 371,159


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE BUNTING FAMILY FOUNDATION
     
    C/O KNOLLWOOD INVESTMENT ADVISORY
    EIN:
    52-1724988
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KWIA MANAGEMENT FEES 200,000 100,000   100,000


    TY 2018 TaxesSchedule
    Name:
    THE BUNTING FAMILY FOUNDATION
     
    C/O KNOLLWOOD INVESTMENT ADVISORY
    EIN:
    52-1724988
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX LIABILITY 56,000 0   0
    FROM K-1 - BUNTING FAMILY FOUNDATION TE LLC 51,751 51,751   0