TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 04-01-2018 , and ending 03-31-2019

Name of foundation
ISABELLA M SHELDON FOUNDATION XXXXX9005

Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603

A Employer identification number

13-6866947

B Telephone number (see instructions)

(800) 496-2583

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$33,792,887J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	620,624		620,250
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		809,187
b	Gross sales price for all assets on line 6a 13,133,960
7	Capital gain net income (from Part IV, line 2)...			809,187
8	Net short-term capital gain.........				0
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).......
12	Total. Add lines 1 through 11........	1,429,811		1,429,437
13	Compensation of officers, directors, trustees, etc.	159,139		95,483		63,656
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		36,244	18,244		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		750			750
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	196,133		113,727	0	64,406
25	Contributions, gifts, grants paid.......	1,606,501				1,606,501
26	Total expenses and disbursements. Add lines 24 and 25	1,802,634		113,727	0	1,670,907
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-372,823
b	Net investment income (if negative, enter -0-)			1,315,710
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	14,573	13,549	13,549
	2	Savings and temporary cash investments.........	272,366	262,397	262,397
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	22,852,074	21,483,982	26,086,927
	c	Investments—corporate bonds (attach schedule).......	2,769,848	3,775,587	3,843,417
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,304,779	2,304,779	3,586,597
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	28,213,640	27,840,294	33,792,887
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	28,213,640	27,840,294
	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).....	28,213,640	27,840,294
	31	Total liabilities and net assets/fund balances (see instructions).	28,213,640	27,840,294

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

28,213,640

Enter amount from Part I, line 27a .....................

-372,823

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

27,840,828

Decreases not included in line 2 (itemize) bullet

534

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

27,840,294

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	5. ABBOTT LABS		2014-07-21	2018-04-06
b	199. ABBOTT LABS			2018-04-06
c	5. MARTIN MARIETTA MATLS INC		2015-08-14	2018-04-06
d	96. WALGREENS BOOTS ALLIANCE INC		2017-01-30	2018-04-06
e	34. MARTIN MARIETTA MATLS INC		2015-08-14	2018-04-09
	28. MARTIN MARIETTA MATLS INC			2018-04-10
	22. COMCAST CORP NEW CL A		2009-12-07	2018-04-13
	285. COMCAST CORP NEW CL A		2018-01-11	2018-04-13
	9. INTERNATIONAL BUSINESS MACHS CORP			2018-04-13
	1. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-13
	42. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-13
	38. MOLSON COORS BREWING CO			2018-04-13
	88. MOLSON COORS BREWING CO			2018-04-13
	2. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-16
	2. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-16
	6. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-16
	57. MOLSON COORS BREWING CO			2018-04-16
	3. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-17
	6. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-17
	2. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-17
	5. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-17
	1. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-17
	2. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-18
	3. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-18
	3. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-18
	4. INTERNATIONAL BUSINESS MACHS CORP		2017-11-21	2018-04-18
	39. AGILENT TECHNOLOGIES INC			2018-04-26
	5. AGILENT TECHNOLOGIES INC		2017-05-05	2018-04-26
	60. APPLE COMPUTER INC		2006-04-07	2018-04-26
	11. AGILENT TECHNOLOGIES INC		2017-05-05	2018-04-27
	28. AGILENT TECHNOLOGIES INC			2018-04-27
	72. AGILENT TECHNOLOGIES INC			2018-04-30
	1364. ISHARES MISCI EAFE INDEX FUND		2013-11-08	2018-05-02
	687. SPDR TR UNIT SER 1		2017-06-29	2018-05-02
	3. INGERSOLL-RAND PLC		2017-02-10	2018-05-15
	38. INGERSOLL-RAND PLC			2018-05-15
	20. INGERSOLL-RAND PLC			2018-05-15
	7. INGERSOLL-RAND PLC		2017-02-10	2018-05-15
	68. INGERSOLL-RAND PLC		2017-02-10	2018-05-15
	7. CONCHO RESOURCES INC			2018-05-22
	9. CONCHO RESOURCES INC			2018-05-22
	47. CONCHO RESOURCES INC			2018-05-22
	4. PHILIP MORRIS INTERNATIONAL		2017-08-01	2018-05-22
	32. PHILIP MORRIS INTERNATIONAL			2018-05-22
	15. PHILIP MORRIS INTERNATIONAL		2017-08-01	2018-05-22
	4. PHILIP MORRIS INTERNATIONAL		2017-08-01	2018-05-22
	4. PHILIP MORRIS INTERNATIONAL		2017-08-01	2018-05-23
	30. PHILIP MORRIS INTERNATIONAL		2017-05-18	2018-05-23
	18. PHILIP MORRIS INTERNATIONAL		2017-08-01	2018-05-23
	6900. ISHARES CORE MSCI EAFE ETF		2017-06-29	2018-06-06
	581. ISHARES CORE MSCI EAFE ETF		2017-06-29	2018-06-06
	574. SPDR TR UNIT SER 1		2016-07-15	2018-06-06
	686. SPDR TR UNIT SER 1		2017-06-29	2018-06-06
	1. LOWES COS INC		2011-08-04	2018-06-12
	69. LOWES COS INC			2018-06-12
	2945. ISHARES MISCI EAFE INDEX FUND		2013-11-08	2018-07-10
	50519.109 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070			2018-07-11
	12668.53 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070		2018-01-31	2018-07-11
	3. AMERISOURCEBERGEN CORP		2018-04-09	2018-07-18
	4. AMERISOURCEBERGEN CORP		2018-04-09	2018-07-18
	46. CAPITAL ONE FINL CORP		2018-01-11	2018-07-18
	70. CAPITAL ONE FINL CORP		2018-01-11	2018-07-18
	216. DISH NETWORK CORP			2018-07-18
	7. AMERISOURCEBERGEN CORP		2018-04-09	2018-07-19
	1. AMERISOURCEBERGEN CORP		2018-04-09	2018-07-19
	24. AMERISOURCEBERGEN CORP			2018-07-19
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-19
	28811.279 BROWN ADV JAPAN ALPHA OPP-IS		2018-01-04	2018-07-19
	31198.156 BROWN ADV JAPAN ALPHA OPP-IS			2018-07-19
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-20
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-20
	7. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-20
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-23
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-23
	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-24
	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-24
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-24
	3. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-24
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-25
	3. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-25
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-25
	3. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-25
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-25
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-26
	5. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-26
	10. EQT CORPORATION		2015-07-27	2018-07-26
	37. EQT CORPORATION		2015-07-27	2018-07-26
	32. EQT CORPORATION		2015-07-27	2018-07-26
	92. EQT CORPORATION			2018-07-26
	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-27
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-27
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-30
	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-30
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-30
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-31
	3. AMERISOURCEBERGEN CORP		2018-04-06	2018-07-31
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-01
	1. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-01
	4. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-01
	8. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-02
	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-03
	3. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-03
	2. AMERISOURCEBERGEN CORP		2018-04-06	2018-08-06
	118. TWENTY-FIRST CENTURY FOX-A		2014-04-29	2018-08-09
	16048.449 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070		2014-02-18	2018-08-16
	1219. SPDR TR UNIT SER 1		2016-07-15	2018-08-17
	138. NIKE INC		2017-02-23	2018-08-23
	114. NIKE INC		2017-10-03	2018-08-23
	15381.686 DODGE & COX INCOME FUND		2017-03-03	2018-08-28
	24741.114 DODGE & COX INCOME FUND		2017-11-20	2018-08-28
	91. AMERICAN INTL GROUP INC NEW			2018-09-11
	65. AMERICAN INTL GROUP INC NEW			2018-09-11
	91. FACEBOOK INC-A			2018-09-13
	58. MICROCHIP TECHNOLOGY INC			2018-09-13
	19. MICROCHIP TECHNOLOGY INC			2018-09-13
	11. MICROCHIP TECHNOLOGY INC			2018-09-13
	1. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-13
	3. MICROCHIP TECHNOLOGY INC			2018-09-13
	16. MICROCHIP TECHNOLOGY INC			2018-09-14
	8. MICROCHIP TECHNOLOGY INC			2018-09-14
	1. MICROCHIP TECHNOLOGY INC		2017-04-13	2018-09-14
	3. MICROCHIP TECHNOLOGY INC		2017-04-13	2018-09-17
	8. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-17
	1. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-18
	6. MICROCHIP TECHNOLOGY INC			2018-09-18
	1. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-19
	2. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-19
	1. MICROCHIP TECHNOLOGY INC		2017-04-12	2018-09-19
	303. TWENTY-FIRST CENTURY FOX-A			2018-09-20
	145. TWENTY-FIRST CENTURY FOX-A		2017-11-20	2018-09-20
	33. GARRETT MOTION INC			2018-10-02
	8873. VANGUARD BD INDEX FD INC			2018-10-02
	91. BANK OF NEW YORK MELLON CORP		2018-02-22	2018-10-08
	202. BANK OF NEW YORK MELLON CORP			2018-10-08
	456. ORACLE CORP			2018-10-08
	28. ALLERGAN PLC			2018-10-08
	85. HARTFORD FINL SVCS GROUP INC			2018-10-15
	48. MASCO CORP		2012-07-30	2018-10-15
	94. HARTFORD FINL SVCS GROUP INC			2018-10-16
	56. HARTFORD FINL SVCS GROUP INC		2013-05-07	2018-10-16
	33. MASCO CORP		2012-07-30	2018-10-16
	49. MASCO CORP		2012-07-30	2018-10-16
	144. MASCO CORP			2018-10-16
	31. MASCO CORP		2012-08-03	2018-10-17
	90. MASCO CORP		2012-08-03	2018-10-17
	16. MASCO CORP		2012-08-03	2018-10-17
	45. MASCO CORP		2012-08-03	2018-10-18
	1. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	2. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	23. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	39. AMERICAN INTL GROUP INC NEW		2016-06-03	2018-10-19
	4. WORKDAY INC-CLASS A		2016-08-10	2018-10-19
	17. AMERICAN INTL GROUP INC NEW			2018-10-22
	17. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	2. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	3. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	73. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	12. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	7. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-22
	18. WORKDAY INC-CLASS A			2018-10-22
	3. WORKDAY INC-CLASS A		2016-08-10	2018-10-22
	32. WORKDAY INC-CLASS A		2016-08-10	2018-10-22
	10. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	5. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	3. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	3. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	3. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-23
	21349.35 ARTISAN INTERNATIONAL-INST		2014-02-18	2018-10-23
	16472.188 DODGE & INTERNATIONAL STOCK FUND		2014-08-19	2018-10-23
	. GARRETT MOTION INC			2018-10-23
	16857. ISHARES MISCI EAFE INDEX FUND			2018-10-23
	58944.23 JPM GL RES ENH IDX FD - USD - R6 ISIN US48129C2070		2014-02-18	2018-10-23
	36421.577 PIMCO SHORT TERM FUND INSTL			2018-10-23
	19. WORKDAY INC-CLASS A		2016-08-10	2018-10-23
	5. AMAZON COM INC		2015-04-08	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	6. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	1. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-24
	23. O'REILLY AUTOMOTIVE INC		2016-11-16	2018-10-24
	5. O'REILLY AUTOMOTIVE INC		2016-11-16	2018-10-24
	2. O'REILLY AUTOMOTIVE INC		2016-11-16	2018-10-24
	2. AMERICAN INTL GROUP INC NEW		2016-04-18	2018-10-25
	6. O'REILLY AUTOMOTIVE INC			2018-10-25
	1. O'REILLY AUTOMOTIVE INC		2017-05-08	2018-10-25
	116. AGILENT TECHNOLOGIES INC			2018-10-30
	50. AGILENT TECHNOLOGIES INC			2018-10-30
	8. AGILENT TECHNOLOGIES INC		2016-10-18	2018-10-30
	56. RESIDEO TECHNOLOGIES INC			2018-10-30
	. RESIDEO TECHNOLOGIES INC			2018-11-19
	4. ALLERGAN PLC		2014-12-03	2018-11-27
	68. ALLERGAN PLC			2018-11-27
	32. ALLERGAN PLC			2018-11-28
	20. ALLERGAN PLC		2014-08-14	2018-11-28
	10. ALLERGAN PLC		2014-08-14	2018-11-29
	4. EASTMAN CHEM CO		2016-07-07	2018-12-11
	25. EASTMAN CHEM CO			2018-12-11
	4. EASTMAN CHEM CO		2016-02-22	2018-12-11
	93. LAUDER ESTEE COS INC CL A		2018-08-23	2018-12-11
	14. EASTMAN CHEM CO			2018-12-12
	6. EASTMAN CHEM CO		2016-02-23	2018-12-12
	28. EASTMAN CHEM CO		2016-02-23	2018-12-12
	26. EASTMAN CHEM CO		2016-02-23	2018-12-13
	5. EASTMAN CHEM CO		2016-02-23	2018-12-13
	25. EASTMAN CHEM CO		2016-02-23	2018-12-14
	15479.595 DODGE & COX INCOME FUND		2017-03-03	2018-12-17
	16. EASTMAN CHEM CO		2016-02-23	2018-12-17
	31. PVH CORP			2018-12-17
	7. PVH CORP			2018-12-17
	5753.816 VANGUARD TOTAL BOND MARKET INDEX FUND-ADM		2018-10-03	2018-12-17
	4779.217 VANGUARD TTL INTL BND-ADM		2017-04-11	2018-12-17
	11. EASTMAN CHEM CO		2016-02-23	2018-12-18
	16. EASTMAN CHEM CO		2016-02-23	2018-12-18
	21. PVH CORP		2018-01-29	2018-12-18
	12. PVH CORP		2018-01-29	2018-12-18
	8. PVH CORP		2018-01-26	2018-12-18
	2. PVH CORP		2018-01-26	2018-12-19
	8. PVH CORP		2018-01-26	2018-12-19
	75. GOLDMAN SACHS GROUP INC			2018-12-21
	240. PARSLEY ENERGY INC-CLASS A			2018-12-21
	62. PARSLEY ENERGY INC-CLASS A		2018-05-22	2018-12-21
	33730.85 PIMCO SHORT TERM FUND INSTL		2018-01-31	2018-12-31
	886. VANGUARD BD INDEX FD INC		2018-12-17	2019-01-07
	2. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	1. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	19. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	5. GILEAD SCIENCES INC		2015-01-08	2019-01-23
	7. GILEAD SCIENCES INC			2019-01-23
	8. MASTERCARD INC - CLASS A		2012-12-14	2019-01-23
	24. WORLDPAY INC CL A		2018-10-08	2019-01-23
	3. WORLDPAY INC CL A		2018-10-08	2019-01-23
	30. GILEAD SCIENCES INC			2019-01-24
	7. MASTERCARD INC - CLASS A		2012-12-14	2019-01-24
	21. MASTERCARD INC - CLASS A			2019-01-24
	42. WORLDPAY INC CL A		2018-10-08	2019-01-24
	4. GILEAD SCIENCES INC		2016-02-10	2019-01-25
	10. GILEAD SCIENCES INC		2016-02-10	2019-01-25
	2. GILEAD SCIENCES INC		2016-02-10	2019-01-25
	28. MASTERCARD INC - CLASS A		2012-10-15	2019-01-25
	45. WORLDPAY INC CL A		2017-09-22	2019-01-25
	7. WORLDPAY INC CL A		2018-10-08	2019-01-25
	4. GILEAD SCIENCES INC		2016-02-10	2019-01-28
	8. GILEAD SCIENCES INC		2016-02-10	2019-01-28
	31. WORLDPAY INC CL A		2017-09-22	2019-01-28
	7. GILEAD SCIENCES INC		2016-02-10	2019-01-29
	1. GILEAD SCIENCES INC		2016-02-10	2019-01-29
	6. WORLDPAY INC CL A		2017-09-22	2019-01-29
	1. GILEAD SCIENCES INC		2016-02-10	2019-01-30
	4. GILEAD SCIENCES INC		2016-02-10	2019-01-30
	37. WORLDPAY INC CL A		2017-09-22	2019-01-30
	2. GILEAD SCIENCES INC		2016-02-10	2019-01-31
	3. GILEAD SCIENCES INC		2016-02-10	2019-01-31
	9. GILEAD SCIENCES INC			2019-02-01
	23804.159 DODGE & COX INCOME FUND			2019-02-08
	3169. VANGUARD BD INDEX FD INC		2018-12-17	2019-02-08
	52365.405 PIMCO INVESTMENT GRADE CORPORATE BOND FUND		2018-08-28	2019-02-11
	8300.63 DODGE & INTERNATIONAL STOCK FUND			2019-02-14
	31. ANALOG DEVICES INC		2018-09-13	2019-02-19
	14. ANALOG DEVICES INC		2018-09-13	2019-02-19
	39. ANALOG DEVICES INC		2018-09-13	2019-02-19
	39. ANALOG DEVICES INC			2019-02-19
	61. ANALOG DEVICES INC			2019-02-19
	13. ANALOG DEVICES INC			2019-02-19
	50. ANALOG DEVICES INC			2019-02-20
	15. ADOBE SYS INC			2019-03-05
	5. ALPHABET INC-CL C		2018-05-07	2019-03-05
	4. ALPHABET INC-CL C			2019-03-05
	4. ALPHABET INC-CL A		2016-07-11	2019-03-05
	7. AMAZON COM INC			2019-03-05
	15. AMERICAN EXPRESS CO		2018-07-18	2019-03-05
	63. APPLE COMPUTER INC		2006-04-07	2019-03-05
	18. AUTOMATIC DATA PROCESSING INC		2018-12-03	2019-03-05
	237. BANK OF AMERICA CORPORATION			2019-03-05
	30. BERKSHIRE HATHAWAY INC DEL CL B		2018-09-11	2019-03-05
	6. BIOGEN IDEC INC		2018-10-08	2019-03-05
	118. BOSTON SCIENTIFIC CORP			2019-03-05
	54. BRISTOL MYERS SQUIBB CO		2017-02-23	2019-03-05
	23. BROADCOM INC			2019-03-05
	18. CELGENE CORP.			2019-03-05
	13. CHARTER COMMUNICATIONS INC-A		2018-04-13	2019-03-05
	82. CITIGROUP INC NEW		2017-05-15	2019-03-05
	57. COCA-COLA CO		2018-04-16	2019-03-05
	96. COMCAST CORP NEW CL A		2019-01-29	2019-03-05
	35. DELTA AIR LINES INC DEL NEW		2017-12-13	2019-03-05
	21. DIAMONDBACK ENERGY INC			2019-03-05
	57. DISNEY WALT CO			2019-03-05
	27. DOLLAR TREE INC		2017-10-27	2019-03-05
	101. DOWDUPONT INC			2019-03-05
	50. EOG RESOURCES INC			2019-03-05
	38. ELECTRONIC ARTS		2018-09-20	2019-03-05
	21. FACEBOOK INC-A		2014-07-25	2019-03-05
	31. FIDELITY NATL INFORMATION SVCS INC			2019-03-05
	30. FISERV INC			2019-03-05
	11. GENERAL DYNAMICS CORP		2018-12-13	2019-03-05
	9. GENERAL DYNAMICS CORP		2017-02-10	2019-03-05
	28. HOME DEPOT INC			2019-03-05
	46. HONEYWELL INTL INC			2019-03-05
	18. INTERCONTINENTALEXCHANGE GROUP, INC			2019-03-05
	164. KEYCORP NEW		2018-10-08	2019-03-05
	39. LILLY ELI & CO			2019-03-05
	33. LOWES COS INC			2019-03-05
	58. MARATHON PETROLEUM CORPORATION			2019-03-05
	32. MASTERCARD INC - CLASS A		2012-10-15	2019-03-05
	47. MERCK & CO INC		2017-10-03	2019-03-05
	148. MICROSOFT CORP			2019-03-05
	79. MONDELEZ INTERNATIONAL-W/I			2019-03-05
	135. MORGAN STANLEY DEAN WITTER & CO NEW			2019-03-05
	7. NETFLIX.COM INC		2018-09-13	2019-03-05
	18. NEXTERA ENERGY INC		2018-07-18	2019-03-05
	74. NISOURCE INC			2019-03-05
	30. NORFOLK SOUTHN CORP			2019-03-05
	12. NORTHROP GRUMMAN CORP		2017-10-10	2019-03-05
	19. NVIDIA CORP		2018-10-08	2019-03-05
	6. O'REILLY AUTOMOTIVE INC			2019-03-05
	82. OCCIDENTAL PETE CORP			2019-03-05
	9. PARKER HANNIFIN CORP		2018-01-11	2019-03-05
	44. PAYPAL HOLDINGS INC		2019-01-23	2019-03-05
	44. PEPSICO INC		2018-05-22	2019-03-05
	30. PFIZER INC		2015-04-08	2019-03-05
	131. PFIZER INC		2018-10-30	2019-03-05
	42. PHILIP MORRIS INTERNATIONAL			2019-03-05
	24. PIONEER NAT RES CO			2019-03-05
	21. PRUDENTIAL FINL INC			2019-03-05
	4. REGENERON PHARMACEUTICALS INC			2019-03-05
	31. ROSS STORES INC		2018-12-11	2019-03-05
	10. SVB FINANCIAL GROUP			2019-03-05
	26. SALESFORCE.COM INC		2018-10-08	2019-03-05
	45. SCHWAB CHARLES CORP NEW			2019-03-05
	26. STANLEY BLACK & DECKER,INC.			2019-03-05
	50. TEXAS INSTRS INC		2019-02-19	2019-03-05
	30. UNION PAC CORP		2018-02-22	2019-03-05
	15. UNITED TECHNOLOGIES CORP			2019-03-05
	41. UNITEDHEALTH GROUP INC			2019-03-05
	12. VERTEX PHARMACEUTICALS INC		2011-11-28	2019-03-05
	24. VISA INC CLASS A SHARES		2015-10-19	2019-03-05
	28. WASTE CONNECTIONS INC			2019-03-05
	97. WELLS FARGO & CO NEW			2019-03-05
	13. WEX INC		2016-05-02	2019-03-05
	17. YUM BRANDS INC			2019-03-05
	42. ZIMMER HLDGS INC			2019-03-05
	24. ALLEGION PLC			2019-03-05
	23. ACCENTURE PLC			2019-03-05
	17. LINDE PLC		2018-12-11	2019-03-05
	36. MEDTRONIC PLC		2018-07-18	2019-03-05
	30. APTIV PLC			2019-03-05
	31. CHUBB LTD			2019-03-05
	25. NXP SEMICONDUCTORS NV			2019-03-05
	7649.804 DODGE & INTERNATIONAL STOCK FUND		2014-05-01	2019-03-06
	5162. JPMORGAN BETABUILDERS JAPAN ETF		2018-07-19	2019-03-06
	7594. JPMORGAN BETABUILDERS JAPAN ETF			2019-03-06
	22. BIOGEN IDEC INC		2010-03-22	2019-03-14
	10. BIOGEN IDEC INC		2018-10-08	2019-03-14
	346. BRISTOL MYERS SQUIBB CO			2019-03-14
	76. DISNEY WALT CO			2019-03-14
	. BANK OF AMERICA CORPORATION			2019-03-20
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	293	215	78
b	11,513	8,388	3,125
c	1,011	871	140
d	6,092	7,794	-1,702
e	6,824	5,921	903
	5,731	4,332	1,399
	727	186	541
	9,413	12,054	-2,641
	1,410	1,381	29
	157	152	5
	6,594	6,382	212
	2,777	2,810	-33
	6,454	6,496	-42
	316	304	12
	317	304	13
	948	912	36
	4,194	4,159	35
	477	456	21
	961	912	49
	322	304	18
	795	760	35
	160	152	8
	298	304	-6
	448	456	-8
	447	456	-9
	595	608	-13
	2,591	2,214	377
	332	283	49
	9,859	593	9,266
	727	624	103
	1,856	1,587	269
	4,759	4,072	687
	96,411	88,977	7,434
	181,993	165,986	16,007
	267	245	22
	3,378	3,339	39
	1,775	1,633	142
	622	572	50
	6,040	5,553	487
	1,077	846	231
	1,380	1,082	298
	7,066	5,558	1,508
	320	467	-147
	2,559	3,727	-1,168
	1,199	1,746	-547
	320	466	-146
	320	466	-146
	2,439	3,415	-976
	1,463	2,095	-632
	460,572	420,712	39,860
	38,828	35,425	3,403
	158,641	123,936	34,705
	189,595	165,745	23,850
	101	20	81
	6,944	1,407	5,537
	200,832	192,110	8,722
	1,147,289	906,631	240,658
	287,702	299,231	-11,529
	259	259
	346	345	1
	4,468	4,784	-316
	6,793	7,280	-487
	6,737	10,436	-3,699
	596	604	-8
	86	86
	2,048	2,059	-11
	84	85	-1
	305,976	339,973	-33,997
	331,324	312,858	18,466
	85	85
	85	85
	595	598	-3
	85	85
	85	85
	169	171	-2
	169	171	-2
	84	85	-1
	252	256	-4
	84	85	-1
	254	256	-2
	85	85
	254	256	-2
	85	85
	85	85
	416	427	-11
	542	760	-218
	2,010	2,810	-800
	1,740	2,431	-691
	4,983	6,042	-1,059
	167	171	-4
	83	85	-2
	83	85	-2
	167	171	-4
	83	85	-2
	83	85	-2
	246	256	-10
	82	85	-3
	81	85	-4
	321	342	-21
	631	684	-53
	161	171	-10
	242	256	-14
	164	171	-7
	5,385	3,782	1,603
	368,151	286,786	81,365
	347,468	263,201	84,267
	11,451	7,992	3,459
	9,459	5,874	3,585
	207,191	210,883	-3,692
	333,263	341,675	-8,412
	4,752	5,483	-731
	3,395	3,743	-348
	14,779	8,596	6,183
	4,883	4,252	631
	1,597	1,383	214
	923	798	125
	84	72	12
	252	217	35
	1,345	1,157	188
	678	578	100
	85	72	13
	246	217	29
	652	578	74
	82	72	10
	484	433	51
	81	72	9
	162	144	18
	81	72	9
	13,531	9,308	4,223
	6,475	4,450	2,025
	581	167	414
	690,932	694,812	-3,880
	4,789	5,125	-336
	10,631	8,846	1,785
	22,490	23,196	-706
	5,305	7,456	-2,151
	3,950	2,868	1,082
	1,542	566	976
	4,372	2,745	1,627
	2,604	1,635	969
	1,067	389	678
	1,585	578	1,007
	4,644	1,682	2,962
	990	354	636
	2,880	1,027	1,853
	511	183	328
	1,405	513	892
	48	57	-9
	95	114	-19
	1,090	1,313	-223
	1,853	2,226	-373
	513	330	183
	789	938	-149
	801	936	-135
	90	110	-20
	135	165	-30
	3,360	4,021	-661
	540	661	-121
	315	386	-71
	2,319	1,486	833
	379	247	132
	4,103	2,639	1,464
	439	551	-112
	219	275	-56
	132	165	-33
	44	55	-11
	131	165	-34
	132	165	-33
	672,291	650,010	22,281
	673,218	764,804	-91,586
	12		12
	1,059,449	1,020,134	39,315
	1,293,236	1,053,333	239,903
	360,209	359,563	646
	2,442	1,567	875
	8,609	1,903	6,706
	43	55	-12
	257	330	-73
	42	55	-13
	42	55	-13
	42	55	-13
	43	55	-12
	43	55	-12
	43	55	-12
	7,572	6,164	1,408
	1,619	1,340	279
	662	536	126
	85	110	-25
	1,934	1,594	340
	330	254	76
	7,332	5,465	1,867
	3,163	2,273	890
	501	364	137
	1,270	449	821
	8		8
	605	1,061	-456
	10,327	16,907	-6,580
	4,906	6,933	-2,027
	3,094	4,263	-1,169
	1,556	2,132	-576
	299	268	31
	1,841	1,628	213
	293	258	35
	12,943	12,413	530
	1,019	897	122
	441	380	61
	2,048	1,772	276
	1,885	1,645	240
	362	316	46
	1,781	1,582	199
	206,807	212,225	-5,418
	1,159	1,012	147
	2,839	4,847	-2,008
	647	1,091	-444
	59,725	59,322	403
	105,286	103,757	1,529
	792	696	96
	1,144	1,012	132
	1,946	3,268	-1,322
	1,108	1,868	-760
	743	1,231	-488
	183	308	-125
	746	1,231	-485
	12,336	11,124	1,212
	3,629	7,637	-4,008
	947	1,965	-1,018
	329,213	332,923	-3,710
	69,579	69,417	162
	137	203	-66
	69	102	-33
	1,298	1,929	-631
	342	508	-166
	476	686	-210
	1,587	386	1,201
	1,977	2,328	-351
	248	291	-43
	2,034	2,671	-637
	1,397	338	1,059
	4,177	1,002	3,175
	3,454	4,074	-620
	273	356	-83
	689	889	-200
	138	178	-40
	5,672	1,330	4,342
	3,731	3,242	489
	580	679	-99
	272	356	-84
	543	711	-168
	2,580	2,234	346
	482	622	-140
	70	89	-19
	492	432	60
	70	89	-19
	277	356	-79
	3,092	2,666	426
	140	178	-38
	209	267	-58
	629	795	-166
	321,118	326,355	-5,237
	250,000	248,286	1,714
	529,938	529,938
	329,452	381,033	-51,581
	3,245	2,856	389
	1,461	1,290	171
	4,093	3,593	500
	4,069	3,588	481
	6,365	3,892	2,473
	1,366	826	540
	5,296	3,164	2,132
	3,879	488	3,391
	5,784	5,262	522
	4,627	2,148	2,479
	4,657	2,908	1,749
	11,906	2,629	9,277
	1,628	1,545	83
	11,015	623	10,392
	2,754	2,649	105
	6,814	7,207	-393
	6,022	6,421	-399
	1,969	2,054	-85
	4,747	2,757	1,990
	2,904	3,005	-101
	6,353	890	5,463
	1,544	1,875	-331
	4,494	3,978	516
	5,095	5,038	57
	2,595	2,546	49
	3,731	3,469	262
	1,738	1,875	-137
	2,157	2,207	-50
	6,509	6,080	429
	2,571	2,503	68
	5,421	6,466	-1,045
	4,776	4,395	381
	3,644	4,329	-685
	3,551	1,582	1,969
	3,322	1,974	1,348
	2,575	2,537	38
	1,845	1,890	-45
	1,510	1,656	-146
	5,152	1,040	4,112
	7,110	2,695	4,415
	1,358	1,053	305
	2,770	3,358	-588
	5,005	3,321	1,684
	3,392	666	2,726
	3,554	4,725	-1,171
	7,254	1,520	5,734
	3,836	3,030	806
	16,538	3,700	12,838
	3,705	3,032	673
	5,582	4,233	1,349
	2,460	2,595	-135
	3,396	3,051	345
	1,992	1,281	711
	5,390	4,520	870
	3,410	3,519	-109
	2,965	5,097	-2,132
	2,248	1,519	729
	5,501	6,662	-1,161
	1,571	1,874	-303
	4,267	3,978	289
	5,127	4,393	734
	1,293	1,040	253
	5,647	5,578	69
	3,654	4,730	-1,076
	3,400	3,457	-57
	2,003	1,681	322
	1,733	1,717	16
	2,923	2,499	424
	2,467	1,265	1,202
	4,062	3,935	127
	2,039	1,309	730
	3,493	2,744	749
	5,342	5,379	-37
	5,049	4,008	1,041
	1,893	1,856	37
	9,755	2,241	7,514
	2,285	327	1,958
	3,569	1,850	1,719
	2,391	1,426	965
	4,806	3,928	878
	2,328	1,224	1,104
	1,618	1,562	56
	5,229	4,825	404
	2,174	1,590	584
	3,749	1,932	1,817
	2,869	2,731	138
	3,318	3,172	146
	2,516	2,614	-98
	4,128	2,176	1,952
	2,317	2,354	-37
	312,494	343,476	-30,982
	115,912	123,883	-7,971
	170,426	182,195	-11,769
	7,044	1,214	5,830
	3,202	3,423	-221
	17,023	13,624	3,399
	8,691	7,872	819
	24		24
			58,381

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			78
b			3,125
c			140
d			-1,702
e			903
			1,399
			541
			-2,641
			29
			5
			212
			-33
			-42
			12
			13
			36
			35
			21
			49
			18
			35
			8
			-6
			-8
			-9
			-13
			377
			49
			9,266
			103
			269
			687
			7,434
			16,007
			22
			39
			142
			50
			487
			231
			298
			1,508
			-147
			-1,168
			-547
			-146
			-146
			-976
			-632
			39,860
			3,403
			34,705
			23,850
			81
			5,537
			8,722
			240,658
			-11,529

			1
			-316
			-487
			-3,699
			-8

			-11
			-1
			-33,997
			18,466


			-3


			-2
			-2
			-1
			-4
			-1
			-2

			-2


			-11
			-218
			-800
			-691
			-1,059
			-4
			-2
			-2
			-4
			-2
			-2
			-10
			-3
			-4
			-21
			-53
			-10
			-14
			-7
			1,603
			81,365
			84,267
			3,459
			3,585
			-3,692
			-8,412
			-731
			-348
			6,183
			631
			214
			125
			12
			35
			188
			100
			13
			29
			74
			10
			51
			9
			18
			9
			4,223
			2,025
			414
			-3,880
			-336
			1,785
			-706
			-2,151
			1,082
			976
			1,627
			969
			678
			1,007
			2,962
			636
			1,853
			328
			892
			-9
			-19
			-223
			-373
			183
			-149
			-135
			-20
			-30
			-661
			-121
			-71
			833
			132
			1,464
			-112
			-56
			-33
			-11
			-34
			-33
			22,281
			-91,586
			12
			39,315
			239,903
			646
			875
			6,706
			-12
			-73
			-13
			-13
			-13
			-12
			-12
			-12
			1,408
			279
			126
			-25
			340
			76
			1,867
			890
			137
			821
			8
			-456
			-6,580
			-2,027
			-1,169
			-576
			31
			213
			35
			530
			122
			61
			276
			240
			46
			199
			-5,418
			147
			-2,008
			-444
			403
			1,529
			96
			132
			-1,322
			-760
			-488
			-125
			-485
			1,212
			-4,008
			-1,018
			-3,710
			162
			-66
			-33
			-631
			-166
			-210
			1,201
			-351
			-43
			-637
			1,059
			3,175
			-620
			-83
			-200
			-40
			4,342
			489
			-99
			-84
			-168
			346
			-140
			-19
			60
			-19
			-79
			426
			-38
			-58
			-166
			-5,237
			1,714

			-51,581
			389
			171
			500
			481
			2,473
			540
			2,132
			3,391
			522
			2,479
			1,749
			9,277
			83
			10,392
			105
			-393
			-399
			-85
			1,990
			-101
			5,463
			-331
			516
			57
			49
			262
			-137
			-50
			429
			68
			-1,045
			381
			-685
			1,969
			1,348
			38
			-45
			-146
			4,112
			4,415
			305
			-588
			1,684
			2,726
			-1,171
			5,734
			806
			12,838
			673
			1,349
			-135
			345
			711
			870
			-109
			-2,132
			729
			-1,161
			-303
			289
			734
			253
			69
			-1,076
			-57
			322
			16
			424
			1,202
			127
			730
			749
			-37
			1,041
			37
			7,514
			1,958
			1,719
			965
			878
			1,104
			56
			404
			584
			1,817
			138
			146
			-98
			1,952
			-37
			-30,982
			-7,971
			-11,769
			5,830
			-221
			3,399
			819
			24

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	809,187
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 ...................		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? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	1,540,943	33,687,922	0.045742
2016	1,557,172	31,044,038	0.05016
2015	1,689,738	31,635,327	0.053413
2014	1,586,073	33,850,285	0.046856
2013	1,559,163	33,108,050	0.047093

Total of line 1, column (d) .....................

0.243264

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 ......

0.048653

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

33,343,252

Multiply line 4 by line 3......................

1,622,249

Enter 1% of net investment income (1% of Part I, line 27b)...........

13,157

Add lines 5 and 6........................

1,635,406

Enter qualifying distributions from Part XII, line 4,.............

1,670,907

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)

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 and enter “N/A" on line 1.
	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	13,157
	hereand 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	13,157
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	13,157
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	23,713
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

7	Total credits and payments. Add lines 6a through 6d..............		7	23,713
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	10,556
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax10,556	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

n/a

The books are in care of bullet

JP MORGAN CHASE BANK NA Telephone no. bullet

(800) 496-2583

Located at bullet

10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+4 bullet

60603

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Yes

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
JP MORGAN CHASE BANK N A	Trustee 20	159,139
10 S DEARBORN ST MC IL 1-0111 Chicago,IL60603	Trustee 20	159,139

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...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

33,436,617

Average of monthly cash balances.......................

414,400

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

33,851,017

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

33,851,017

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

507,765

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

33,343,252

Minimum investment return. Enter 5% of line 5..................

1,667,163

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.)

Minimum investment return from Part X, line 6....................

1,667,163

Tax on investment income for 2018 from Part VI, line 5......

13,157

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

13,157

Distributable amount before adjustments. Subtract line 2c from line 1............

1,654,006

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,654,006

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,654,006

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,670,907

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,670,907

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.................

13,157

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,657,750

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					1,654,006
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				1,606,501
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 1,670,907
a Applied to 2017, but not more than line 2a				1,606,501
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.....					64,406
e Remaining amount distributed out of corpus		0
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		0
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 ..........					1,589,600
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 ......		0
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
RALPH C SHELDON FOUNDATION ATTN LINDA SWANSON EXEC DIR ATTN LINDA SWANSON EXEC DIR JAMESTOWN,NY147015209	NONE	PF	GENERAL	1,606,501
Total ................................. 3a				1,606,501

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	620,624
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	809,187
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)..				1,429,811

13Total. Add line 12, columns (b), (d), and (e)..................

1,429,811

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
256210105 DODGE & COX INCOME F
31283K4M7 FHLMC GOLD G11728 5.
3128M1PA1 FHLMC GOLD G12317 5.
31371LRB7 FNMA 255282 6% 06/01
693390601 PIMCO SHORT-TERM FD-
921937827 VANGUARD SHORT-TERM	837,821	844,927
92203J308 VANGUARD TOTAL INTL	1,310,827	1,338,774
464287440 ISHARES BARCLAYS 7-1	330,064	336,864
464288588 ISHARES BARCLAYS MBS	329,897	333,545
921937603 VANGUARD TOTAL BOND	631,528	654,192
83002G108 SIX CIRCLES ULTRA SH	335,450	335,115

Name of Stock	End of Year Book Value	End of Year Fair Market Value
002824100 ABBOTT LABORATORIES
15351109 ALEXION PHARMACEUTICA	10,640	10,679
23135106 AMAZON.COM INC	15,779	76,572
37833100 APPLE INC	3,936	75,600
60505104 BANK OF AMERICA CORP	16,061	41,275
101137107 BOSTON SCIENTIFIC CO	15,811	28,631
110122108 BRISTOL-MYERS SQUIBB
115233579 BROWN ADV JAPAN ALPH
151020104 CELGENE CORP	9,831	18,396
172967424 CITIGROUP INC	21,766	32,603
254687106 WALT DISNEY CO/THE	26,688	31,088
256206103 DODGE & COX INTL STO	707,280	661,553
277432100 EASTMAN CHEMICAL CO
369550108 GENERAL DYNAMICS COR	19,735	21,160
375558103 GILEAD SCIENCES INC
416515104 HARTFORD FINANCIAL S
437076102 HOME DEPOT INC	6,013	34,156
438516106 HONEYWELL INTERNATIO	12,234	46,405
464287465 ISHARES MSCI EAFE IN	1,396,930	1,652,438
493267108 KEYCORP	13,477	16,364
500754106 THE KRAFT HEINZ CO
532457108 ELI LILLY & CO	18,661	31,532
548661107 LOWE'S COS INC	4,122	23,098
573284106 MARTIN MARIETTA MATE
574599106 MASCO CORP
594918104 MICROSOFT CORP	20,629	110,392
609207105 MONDELEZ INTERNATION	11,770	24,910
617446448 MORGAN STANLEY	18,277	35,743
654106103 NIKE INC -CL B
655844108 NORFOLK SOUTHERN COR	25,179	34,575
666807102 NORTHROP GRUMMAN COR	19,475	21,029
674599105 OCCIDENTAL PETROLEUM	34,145	34,027
713448108 PEPSICO INC	26,401	33,701
717081103 PFIZER INC	34,317	43,277
723787107 PIONEER NATURAL RESO	19,805	22,842
808513105 SCHWAB (CHARLES) COR	7,874	12,058
854502101 STANLEY BLACK & DECK	15,051	22,196
882508104 TEXAS INSTRUMENTS IN	17,745	33,412
907818108 UNION PACIFIC CORP	22,582	36,784
931427108 WALGREENS BOOTS ALLI
949746101 WELLS FARGO & CO	12,125	29,668
00206R102 AT&T INC
00724F101 ADOBE INC.	3,163	26,383
00846U101 AGILENT TECHNOLOGIES
02079K107 ALPHABET INC/CA-CL C	21,965	69,186
02079K305 ALPHABET INC/CA-CL A	9,919	31,776
04314H675 ARTISAN INTERNATIONA
09062X103 BIOGEN INC
09247X101 BLACKROCK INC
16119P108 CHARTER COMMUNICATIO	19,417	29,487
20030N101 COMCAST CORP-CLASS A	20,479	34,503
20605P101 CONCHO RESOURCES INC
22160K105 COSTCO WHOLESALE COR
25470M109 DISH NETWORK CORP-A
26875P101 EOG RESOURCES INC	24,868	29,982
26884L109 EQT CORP
30303M102 FACEBOOK INC-A	9,979	22,170
31620M106 FIDELITY NATIONAL IN	12,180	21,941
37045V100 GENERAL MOTORS CO
38141G104 GOLDMAN SACHS GROUP
45866F104 INTERCONTINENTAL EXC	6,791	8,908
46637K513 JPM GLBL RES ENH IND
57636Q104 MASTERCARD INC-CLASS	3,869	48,267
58933Y105 MERCK & CO. INC.	28,697	34,765
59156R108 METLIFE INC
60871R209 MOLSON COORS BREWING
65339F101 NEXTERA ENERGY INC	16,006	21,845
65473P105 NISOURCE INC	5,447	13,270
67103H107 O'REILLY AUTOMOTIVE	9,037	13,992
78462F103 SPDR S&P 500 ETF TRU	6,457,409	9,871,546
78486Q101 SVB FINANCIAL GROUP	7,292	13,342
89353D107 TRANSCANADA CORP
90130A101 TWENTY-FIRST CENTURY
91324P102 UNITEDHEALTH GROUP I	11,132	63,793
92532F100 VERTEX PHARMACEUTICA	2,073	13,980
92826C839 VISA INC-CLASS A SHA	11,494	23,429
94106B101 WASTE CONNECTIONS IN	8,850	15,858
96208T104 WEX INC	7,541	15,743
98138H101 WORKDAY INC-CLASS A
G0176J109 ALLEGION PLC	9,993	13,969
G0177J108 ALLERGAN PLC
G1151C101 ACCENTURE PLC-CL A	11,680	25,523
G47791101 INGERSOLL-RAND PLC
G51502105 JOHNSON CONTROLS INT
H1467J104 CHUBB LTD	10,557	27,456
Y09827109 BROADCOM LTD
023135106 AMAZON.COM INC
026874784 AMERICAN INTERNATION
032654105 ANALOG DEVICES INC
037833100 APPLE INC
04314H402 ARTISAN INTERNATIONA	609,670	619,637
060505104 BANK OF AMERICA CORP
064058100 BANK OF NEW YORK MEL
84670702 BERKSHIRE HATHAWAY IN	31,243	34,754
14040H105 CAPITAL ONE FINANCIA
247361702 DELTA AIR LINES INC	11,878	11,466
25278X109 DIAMONDBACK ENERGY I	14,825	14,519
256746108 DOLLAR TREE INC	15,834	18,382
26078J100 DOWDUPONT INC	37,683	34,172
315911727 FIDELITY INTERNATION	1,370,191	1,228,292
315911750 FIDELITY 500 INDEX F	3,363,894	3,536,668
459200101 INTL BUSINESS MACHIN
46432F842 ISHARES CORE MSCI EA	870,159	868,646
48129C207 JPMORGAN GL RES ENH
56585A102 MARATHON PETROLEUM C	27,783	22,623
595017104 MICROCHIP TECHNOLOGY
67066G104 NVIDIA CORP	26,509	21,547
68389X105 ORACLE CORP
693656100 PVH CORP
701094104 PARKER HANNIFIN CORP	12,494	10,297
70450Y103 PAYPAL HOLDINGS INC	24,038	28,764
718172109 PHILIP MORRIS INTERN	25,256	22,628
913017109 UNITED TECHNOLOGIES	12,068	12,760
981558109 WORLDPAY INC CL A
98956P102 ZIMMER HOLDINGS INC	29,515	33,585
G6095L109 APTIV PLC	14,166	14,706
25816109 AMERICAN EXPRESS CO	9,650	10,384
53015103 AUTOMATIC DATA PROCES	17,014	18,854
191216100 COCA-COLA CO/THE	16,126	16,963
285512109 ELECTRONIC ARTS INC	22,992	24,798
337738108 FISERV INC	15,690	16,861
744320102 PRUDENTIAL FINANCIAL	10,991	12,679
778296103 ROSS STORES INC	15,711	18,248
988498101 YUM] BRANDS INC	10,150	11,179
11135F101 BROADCOM INC	5,107	44,806
46641Q688 JPM BETABUILDERS DEV	350,252	349,319
46641Q696 JPMORGAN BETABUILDER	678,203	682,917
46641Q712 JPMORGAN BETABUILDER	1,054,077	1,010,222
46641Q720 JPMORGAN BETABUILDER	359,091	336,699
64110L106 NETFLIX INC	14,828	14,262
75886F107 REGENERON PHARMACEUT	10,308	10,266
79466L302 SALESFORCE.COM INC	21,488	26,131
83002G306 SIX CIRCLES U.S. UNC	1,671,498	1,722,614
83002G405 SIX CIRCLES INTERNAT	1,337,199	1,383,412
G5494J103 LINDE PLC	18,474	20,408
G5960L103 MEDTRONIC PLC	18,860	21,039
N6596X109 NXP SEMICONDUCTORS N	14,890	14,142

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
92911965 BLACKSTONE PARTNERS O	AT COST	1,750,000	2,890,016
464287564 ISHARES COHEN & STEE	AT COST	262,380	359,287
092911965 BLACKSTONE PARTNERS
904504453 JPM REALTY INC FD -	AT COST	292,399	337,294

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ATTORNEY GENERAL FEE	750	0		750
OTHER EXPENSE (NON-DEDUCTIBLE		0		0

Category	Amount	Net Investment Income
FOREIGN TAXES	296	296
FEDERAL ESTIMATES - INCOME	18,000	0
FOREIGN TAXES ON QUALIFIED FOR	17,384	17,384
FOREIGN TAXES ON NONQUALIFIED	564	564

Description	Amount
SALES BASIS ADJUSTMENTS	14
PRIOR YR SALE SETTLED IN CURRENT YEAR	508
ROUNDING	12