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 08-01-2018 , and ending 07-31-2019
Name of foundation
THOMAS J AND OLIVE C WATSON FDN XXXXX1004
 
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

35-7120358
B Telephone number (see instructions)

(800) 496-2583
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$6,620,892J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 92,802 92,426  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 326,838
b Gross sales price for all assets on line 6a 1,842,815
7 Capital gain net income (from Part IV, line 2)... 326,838
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)....... Click to see attachment 38,945 -9,228  
12 Total. Add lines 1 through 11........ 458,585 410,036  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 14,916 8,950   5,966
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 18,786 0 0 18,786
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 25,685 25,685   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,766 2,878   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy.............. 2,400     2,400
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 3,539     3,539
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 80,092 37,513 0 30,691
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 80,092 37,513 0 30,691
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 378,493
b Net investment income (if negative, enter -0-) 372,523
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 149,551 207,474 207,474
2 Savings and temporary cash investments......... 423,343 427,619 427,619
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 2,911,761 Click to see attachment3,209,851 4,891,031
c Investments—corporate bonds (attach schedule)....... 766,429 Click to see attachment840,046 867,311
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 256,597 Click to see attachment225,781 227,457
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment24,917    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,532,598 4,910,771 6,620,892
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 4,532,598 4,910,771
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)..... 4,532,598 4,910,771
31 Total liabilities and net assets/fund balances (see instructions). 4,532,598 4,910,771
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
4,532,598
2
Enter amount from Part I, line 27a .....................
2
378,493
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,911,091
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
320
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,910,771
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 1. AMERISOURCEBERGEN CORP   2018-04-06 2018-08-01
b 1. AMERISOURCEBERGEN CORP   2018-04-06 2018-08-02
c 10. TWENTY-FIRST CENTURY FOX-A   2015-10-27 2018-08-09
d 125. TJX COS INC NEW   2005-08-30 2018-08-13
e 356. TJX COS INC NEW   2005-08-30 2018-08-14
618.456 FIDELITY INTL INDX-INST PRM   2018-01-02 2018-08-15
79. TJX COS INC NEW   2005-08-30 2018-08-15
160. TJX COS INC NEW   2005-08-30 2018-08-16
115. TJX COS INC NEW   2005-08-30 2018-08-17
8. TJX COS INC NEW   2005-08-30 2018-08-20
14. NIKE INC   2017-10-03 2018-08-23
8. NIKE INC   2017-02-23 2018-08-23
14. AMERICAN INTL GROUP INC NEW   2016-04-18 2018-09-11
8. FACEBOOK INC-A   2014-10-13 2018-09-13
5. MICROCHIP TECHNOLOGY INC     2018-09-13
2. MICROCHIP TECHNOLOGY INC     2018-09-13
2. MICROCHIP TECHNOLOGY INC     2018-09-14
1. MICROCHIP TECHNOLOGY INC   2017-04-12 2018-09-14
1. MICROCHIP TECHNOLOGY INC   2017-04-12 2018-09-17
1. MICROCHIP TECHNOLOGY INC   2017-04-12 2018-09-18
39. TWENTY-FIRST CENTURY FOX-A     2018-09-20
330. VANGUARD BD INDEX FD INC   2018-06-18 2018-10-01
2. GARRETT MOTION INC   2010-02-01 2018-10-02
2515.662 JPM INFLATN MGD BND FD - USD - R6 ISIN US48121L8090   2017-11-17 2018-10-04
24. BANK OF NEW YORK MELLON CORP   2016-11-07 2018-10-08
1. BANK OF NEW YORK MELLON CORP   2018-02-22 2018-10-08
39. ORACLE CORP     2018-10-08
2. ALLERGAN PLC   2014-08-14 2018-10-08
7. HARTFORD FINL SVCS GROUP INC   2013-05-07 2018-10-15
4. MASCO CORP   2012-08-03 2018-10-15
8. HARTFORD FINL SVCS GROUP INC   2013-05-07 2018-10-16
5. HARTFORD FINL SVCS GROUP INC   2013-05-07 2018-10-16
3. MASCO CORP   2012-08-03 2018-10-16
4. MASCO CORP   2012-08-03 2018-10-16
12. MASCO CORP   2012-08-03 2018-10-16
3. MASCO CORP   2012-08-03 2018-10-17
8. MASCO CORP   2012-08-03 2018-10-17
1. MASCO CORP   2012-08-03 2018-10-17
4. MASCO CORP   2012-08-03 2018-10-18
2. AMERICAN INTL GROUP INC NEW   2016-04-18 2018-10-19
3. AMERICAN INTL GROUP INC NEW   2016-04-18 2018-10-19
2. AMERICAN INTL GROUP INC NEW     2018-10-22
1. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-22
6. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-22
1. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-22
1. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-22
4206.189 GLDMN SCHS STRAT INC-R6   2018-05-25 2018-10-22
2. WORKDAY INC-CLASS A   2016-08-10 2018-10-22
1. WORKDAY INC-CLASS A   2016-08-10 2018-10-22
3. WORKDAY INC-CLASS A   2016-08-10 2018-10-22
1. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-23
1. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-23
. GARRETT MOTION INC   2017-01-01 2018-10-23
1. WORKDAY INC-CLASS A   2016-08-10 2018-10-23
1. AMAZON COM INC   2015-02-02 2018-10-24
1. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-24
1. AMERICAN INTL GROUP INC NEW   2016-07-08 2018-10-24
2. O'REILLY AUTOMOTIVE INC   2017-05-05 2018-10-24
1. O'REILLY AUTOMOTIVE INC   2017-05-04 2018-10-25
892.326 ARTISAN INTL VAL-INST   2017-03-22 2018-10-26
754.717 DODGE & INTERNATIONAL STOCK FUND   2013-07-30 2018-10-26
649.688 FIDELITY INTL INDX-INST PRM     2018-10-26
842.886 JPM US L/C CORE PL FD - USD - R6 ISIN US48129C6030   2007-09-07 2018-10-26
5111.335 PIMCO SHORT TERM FUND INSTL     2018-10-26
10. AGILENT TECHNOLOGIES INC     2018-10-30
4. AGILENT TECHNOLOGIES INC   2016-10-18 2018-10-30
1. AGILENT TECHNOLOGIES INC   2016-10-18 2018-10-30
4. RESIDEO TECHNOLOGIES INC NON-TRADEABLE ASSET   2010-02-01 2018-10-30
143. TJX COS INC NEW   2005-08-30 2018-11-05
301. WELLS FARGO & CO NEW   2016-05-26 2018-11-05
7376.526 AQR LONG-SHORT EQUITY-R6   2016-11-22 2018-11-06
4187.778 EV GLBL MACR ABS RTRN-R6   2016-11-22 2018-11-06
127. TJX COS INC NEW   2005-08-30 2018-11-06
590. WELLS FARGO & CO NEW     2018-11-06
331. TJX COS INC NEW   2005-08-30 2018-11-07
354. WELLS FARGO & CO NEW   2016-05-25 2018-11-07
213. TJX COS INC NEW   2005-08-30 2018-11-08
1455.568 AQR MANAGED FUTURES STR-R6   2016-11-22 2018-11-09
3636.364 PIMCO MTGE OPPORTUNITIES IS   2018-05-25 2018-11-09
330. TJX COS INC NEW   2005-08-30 2018-11-09
5. AMAZON COM INC   2017-10-09 2018-11-12
302. LIBERTY MEDIA CORP-LIBERTY-C   2017-05-19 2018-11-12
116. TJX COS INC NEW   2005-08-30 2018-11-12
40. VISA INC CLASS A SHARES   2010-05-14 2018-11-12
86. TJX COS INC NEW   2005-08-30 2018-11-13
40. TJX COS INC NEW   2005-08-30 2018-11-14
. RESIDEO TECHNOLOGIES INC NON-TRADEABLE ASSET   2017-01-01 2018-11-19
6. ALLERGAN PLC   2014-08-14 2018-11-27
3. ALLERGAN PLC   2014-08-14 2018-11-28
2. ALLERGAN PLC   2014-08-14 2018-11-28
1784.537 MFS EMERG MRKTS DEBT-R5   2017-09-13 2018-11-29
1. ALLERGAN PLC   2014-08-14 2018-11-29
1793.921 DODGE & COX INCOME FUND   2018-01-09 2018-12-11
1152.123 DOUBLELINE TTL RTRN BND-I     2018-12-11
2. EASTMAN CHEM CO   2016-02-23 2018-12-11
2085.081 JPM STRAT INC OPP FD - USD - R6 ISIN US48121L1145   2009-09-25 2018-12-11
8. LAUDER ESTEE COS INC CL A   2018-08-23 2018-12-11
1756.244 BROWN ADV JAPAN ALPHA OPP-IS   2018-01-04 2018-12-12
2770.929 BROWN ADV JAPAN ALPHA OPP-IS   2014-05-07 2018-12-12
1. EASTMAN CHEM CO   2016-02-23 2018-12-12
1. EASTMAN CHEM CO   2016-02-23 2018-12-12
2. EASTMAN CHEM CO   2016-02-23 2018-12-12
2. EASTMAN CHEM CO   2016-02-23 2018-12-13
3. EASTMAN CHEM CO   2016-02-23 2018-12-14
1. EASTMAN CHEM CO   2016-02-23 2018-12-17
3. PVH CORP     2018-12-17
1. PVH CORP   2018-01-29 2018-12-17
1. EASTMAN CHEM CO   2016-02-23 2018-12-18
2. EASTMAN CHEM CO   2016-02-23 2018-12-18
2. PVH CORP   2018-01-29 2018-12-18
1. PVH CORP   2018-01-26 2018-12-18
1. PVH CORP   2018-01-26 2018-12-18
6. GOLDMAN SACHS GROUP INC   2016-02-25 2018-12-21
21. PARSLEY ENERGY INC-CLASS A   2018-05-22 2018-12-21
5. PARSLEY ENERGY INC-CLASS A   2018-05-22 2018-12-21
235. ISHARES JP MORGAN EM BOND FUND JPMORGAN USD   2018-11-29 2019-01-02
791. ISHARES MISCI EAFE INDEX FUND     2019-01-04
319. VANGUARD BD INDEX FD INC   2018-12-11 2019-01-04
484426. POUND STERLING     2019-01-08
2. GILEAD SCIENCES INC   2016-02-10 2019-01-23
1. GILEAD SCIENCES INC   2016-02-10 2019-01-23
1. MASTERCARD INC - CLASS A   2009-07-16 2019-01-23
2. WORLDPAY INC CL A   2018-10-08 2019-01-23
3. GILEAD SCIENCES INC     2019-01-24
1. MASTERCARD INC - CLASS A   2009-07-16 2019-01-24
2. MASTERCARD INC - CLASS A   2009-07-16 2019-01-24
4. WORLDPAY INC CL A   2018-10-08 2019-01-24
1. GILEAD SCIENCES INC   2016-02-10 2019-01-25
2. MASTERCARD INC - CLASS A   2009-07-16 2019-01-25
1. WORLDPAY INC CL A   2018-10-08 2019-01-25
4. WORLDPAY INC CL A   2017-09-22 2019-01-25
1. GILEAD SCIENCES INC   2016-02-10 2019-01-28
3. WORLDPAY INC CL A   2017-09-22 2019-01-28
1. GILEAD SCIENCES INC   2016-02-10 2019-01-29
151. KONINKLIJKE VOPAK NV - EUR     2019-01-29
1. GILEAD SCIENCES INC   2016-02-10 2019-01-30
292. VANGUARD BD INDEX FD INC   2018-12-11 2019-01-30
3. WORLDPAY INC CL A   2017-09-22 2019-01-30
40. KONINKLIJKE VOPAK NV - EUR     2019-01-30
3893.26 DODGE & COX INCOME FUND   2018-01-09 2019-01-31
2302.619 JPM STRAT INC OPP FD - USD - R6 ISIN US48121L1145   2009-09-25 2019-01-31
4179.472 PIMCO INV GRD CRD BND-INST   2018-02-13 2019-01-31
41. KONINKLIJKE VOPAK NV - EUR   2017-10-23 2019-01-31
38. KONINKLIJKE VOPAK NV - EUR     2019-02-01
69. KONINKLIJKE VOPAK NV - EUR     2019-02-04
65. KONINKLIJKE VOPAK NV - EUR   2017-10-18 2019-02-05
23. KONINKLIJKE VOPAK NV - EUR   2017-10-18 2019-02-06
5. KONINKLIJKE VOPAK NV - EUR   2017-10-18 2019-02-07
83. KONINKLIJKE VOPAK NV - EUR   2017-10-18 2019-02-12
2123.039 DODGE & INTERNATIONAL STOCK FUND   2013-07-30 2019-02-13
35. KONINKLIJKE VOPAK NV - EUR     2019-02-13
1695.079 MFS EMERG MRKTS DEBT-R5   2019-01-02 2019-02-14
63. KONINKLIJKE VOPAK NV - EUR   2017-10-17 2019-02-14
27. KONINKLIJKE VOPAK NV - EUR   2017-10-17 2019-02-15
12. KONINKLIJKE VOPAK NV - EUR   2017-10-17 2019-02-18
3. ANALOG DEVICES INC   2018-09-13 2019-02-19
1. ANALOG DEVICES INC   2018-09-13 2019-02-19
3. ANALOG DEVICES INC   2018-09-13 2019-02-19
6. ANALOG DEVICES INC     2019-02-19
3. ANALOG DEVICES INC     2019-02-19
1. ANALOG DEVICES INC   2016-11-01 2019-02-19
24. KONINKLIJKE VOPAK NV - EUR   2017-10-17 2019-02-19
4. ANALOG DEVICES INC   2016-10-27 2019-02-20
15. KONINKLIJKE VOPAK NV - EUR   2017-10-17 2019-02-20
24. KONINKLIJKE VOPAK NV - EUR   2017-10-17 2019-02-21
45. KONINKLIJKE VOPAK NV - EUR   2017-10-17 2019-02-22
114. KONINKLIJKE VOPAK NV - EUR     2019-02-26
37. KONINKLIJKE VOPAK NV - EUR     2019-02-27
27. KONINKLIJKE VOPAK NV - EUR   2017-10-25 2019-02-28
3333.945 BLCKRCK HI YLD BND PORT-K   2016-02-22 2019-03-01
1344.144 FMI LARGE CAP FUND-INST   2008-10-16 2019-03-01
784.223 JPM US L/C CORE PL FD - USD - R6 ISIN US48129C6030   2007-09-07 2019-03-01
5943.467 LORD ABBETT SHRT DUR INC-F3   2018-11-06 2019-03-01
25. KONINKLIJKE VOPAK NV - EUR   2017-10-25 2019-03-01
94. TJX COS INC NEW   2005-08-30 2019-03-04
29. KONINKLIJKE VOPAK NV - EUR   2017-10-25 2019-03-04
55. KONINKLIJKE VOPAK NV - EUR     2019-03-05
20. KONINKLIJKE VOPAK NV - EUR   2017-10-19 2019-03-06
64. KONINKLIJKE VOPAK NV - EUR   2017-10-19 2019-03-07
53. KONINKLIJKE VOPAK NV - EUR   2017-10-19 2019-03-08
100. ELECTRONIC ARTS   2018-11-07 2019-03-11
25. KONINKLIJKE VOPAK NV - EUR   2017-10-19 2019-03-11
133. ELECTRONIC ARTS   2018-11-07 2019-03-12
37. KONINKLIJKE VOPAK NV - EUR     2019-03-12
351. ELECTRONIC ARTS     2019-03-13
30. KONINKLIJKE VOPAK NV - EUR   2017-10-26 2019-03-13
1. BIOGEN IDEC INC   2018-10-08 2019-03-14
2. BIOGEN IDEC INC   2010-06-18 2019-03-14
34. BRISTOL MYERS SQUIBB CO     2019-03-14
8. DISNEY WALT CO     2019-03-14
168. ELECTRONIC ARTS     2019-03-14
49. KONINKLIJKE VOPAK NV - EUR   2017-10-26 2019-03-14
200. ELECTRONIC ARTS   2018-11-06 2019-03-15
75. KONINKLIJKE VOPAK NV - EUR     2019-03-15
122. ELECTRONIC ARTS     2019-03-18
320. S AFRICAN RAND   2019-03-04 2019-03-18
20. KONINKLIJKE VOPAK NV - EUR   2017-10-27 2019-03-18
123. S AFRICAN RAND   2019-03-04 2019-03-19
32. KONINKLIJKE VOPAK NV - EUR   2017-10-27 2019-03-19
. BANK OF AMERICA CORPORATION   2017-01-01 2019-03-20
1839.164 ARTISAN INTL VAL-INST     2019-03-28
4960.817 FMI LARGE CAP FUND-INST   2008-10-16 2019-03-28
91. SPDR TR UNIT SER 1   2015-01-28 2019-03-28
7. DOW INC     2019-04-08
1. DOW INC   2016-08-10 2019-04-08
8. DOW INC     2019-04-08
4. DOW INC   2015-07-15 2019-04-08
1. DOW INC   2015-07-15 2019-04-09
. DOW INC   2017-01-01 2019-04-23
8. OCCIDENTAL PETE CORP   2006-01-20 2019-04-25
7. OCCIDENTAL PETE CORP     2019-04-25
15. OCCIDENTAL PETE CORP   2006-01-20 2019-04-25
1. AMAZON COM INC   2019-03-04 2019-04-29
8. AMAZON COM INC   2017-10-09 2019-04-29
3. OCCIDENTAL PETE CORP   2006-01-20 2019-05-01
1. OCCIDENTAL PETE CORP   2006-01-20 2019-05-01
2. REGENERON PHARMACEUTICALS INC     2019-05-01
10. OCCIDENTAL PETE CORP   2006-01-20 2019-05-02
1. OCCIDENTAL PETE CORP   2006-01-20 2019-05-02
2. OCCIDENTAL PETE CORP   2006-01-20 2019-05-02
1. OCCIDENTAL PETE CORP   2006-01-20 2019-05-02
1. OCCIDENTAL PETE CORP   2006-01-20 2019-05-03
3. OCCIDENTAL PETE CORP   2006-01-20 2019-05-03
8. PRUDENTIAL FINL INC     2019-05-14
3. PRUDENTIAL FINL INC   2018-12-21 2019-05-14
1. PRUDENTIAL FINL INC   2018-12-21 2019-05-14
2. PRUDENTIAL FINL INC   2018-12-21 2019-05-14
10. SCHWAB CHARLES CORP NEW   2016-07-08 2019-05-15
10. SCHWAB CHARLES CORP NEW   2016-07-08 2019-05-16
2. SCHWAB CHARLES CORP NEW   2016-07-08 2019-05-16
6. SCHWAB CHARLES CORP NEW   2016-07-08 2019-05-16
8. MEDTRONIC PLC     2019-05-16
1. MEDTRONIC PLC   2018-07-18 2019-05-16
6. MEDTRONIC PLC     2019-05-16
3. MEDTRONIC PLC     2019-05-17
5. MEDTRONIC PLC   2018-04-06 2019-05-17
2. PARKER HANNIFIN CORP   2018-01-11 2019-05-20
3. PARKER HANNIFIN CORP   2018-01-11 2019-05-20
1. PARKER HANNIFIN CORP   2018-01-11 2019-05-20
50. CARMAX INC   2018-02-05 2019-06-05
9. DELTA AIR LINES INC DEL NEW   2017-12-13 2019-06-05
4. DELTA AIR LINES INC DEL NEW   2017-12-13 2019-06-05
12. PHILIP MORRIS INTERNATIONAL   2017-04-24 2019-06-05
159. CARMAX INC   2018-02-05 2019-06-06
1. DELTA AIR LINES INC DEL NEW   2017-12-13 2019-06-06
3. DELTA AIR LINES INC DEL NEW     2019-06-06
3. DELTA AIR LINES INC DEL NEW   2017-12-13 2019-06-06
103. CARMAX INC     2019-06-07
1. DELTA AIR LINES INC DEL NEW   2017-12-13 2019-06-07
1. DELTA AIR LINES INC DEL NEW   2017-12-13 2019-06-07
29. BANK OF AMERICA CORPORATION   2009-02-05 2019-06-10
194. CARMAX INC     2019-06-10
6. DOLLAR TREE INC     2019-06-10
22. WELLS FARGO & CO NEW   2009-03-13 2019-06-10
7. DOLLAR TREE INC     2019-06-11
2. DOLLAR TREE INC   2018-12-17 2019-06-11
2. DOLLAR TREE INC   2018-12-17 2019-06-11
2. ADOBE SYS INC   2012-08-03 2019-06-27
809684. POUND STERLING     2019-07-09
. AMGEN INC   2017-01-01 2019-07-17
72. MASTERCARD INC - CLASS A   2019-03-04 2019-07-29
73. VISA INC CLASS A SHARES   2010-05-14 2019-07-29
8. MASTERCARD INC - CLASS A   2019-03-04 2019-07-30
809684. POUND STERLING   1960-11-11 2019-07-31
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 81   85 -4
b 79   85 -6
c 456   299 157
d 12,435   1,298 11,137
e 35,801   3,698 32,103
25,400   26,853 -1,453
7,845   821 7,024
15,895   1,662 14,233
11,495   1,195 10,300
804   83 721
1,162   721 441
664   463 201
731   771 -40
1,299   597 702
421   362 59
168   145 23
168   145 23
85   72 13
81   72 9
81   72 9
1,742   1,167 575
25,684   25,775 -91
35   12 23
25,333   25,861 -528
1,263   1,051 212
53   56 -3
1,923   1,955 -32
379   426 -47
325   204 121
128   46 82
372   234 138
233   146 87
97   34 63
129   46 83
387   137 250
96   34 62
256   91 165
32   11 21
125   46 79
95   110 -15
143   165 -22
93   108 -15
47   53 -6
276   315 -39
45   53 -8
45   53 -8
39,076   40,000 -924
258   165 93
126   82 44
385   247 138
44   53 -9
44   53 -9
14     14
129   82 47
1,722   361 1,361
43   53 -10
42   53 -11
658   504 154
322   251 71
30,000   30,749 -749
30,000   29,238 762
25,000   27,748 -2,748
25,000   17,677 7,323
50,500   50,500  
632   455 177
253   182 71
63   45 18
91   33 58
15,762   878 14,884
16,201   15,212 989
88,445   97,518 -9,073
35,973   36,890 -917
13,907   780 13,127
31,485   29,818 1,667
18,169   2,033 16,136
18,860   17,890 970
11,833   1,308 10,525
12,474   13,653 -1,179
39,818   40,000 -182
18,321   2,027 16,294
8,273   4,955 3,318
9,609   9,362 247
6,359   712 5,647
5,614   773 4,841
4,632   528 4,104
2,167   246 1,921
20     20
911   1,279 -368
460   640 -180
309   426 -117
24,216   27,161 -2,945
156   213 -57
23,895   24,631 -736
11,948   12,317 -369
147   127 20
23,895   24,020 -125
1,113   1,068 45
16,579   20,724 -4,145
26,158   26,518 -360
73   63 10
74   63 11
146   127 19
145   127 18
214   190 24
72   63 9
275   468 -193
92   156 -64
72   63 9
143   127 16
185   311 -126
92   154 -62
93   154 -61
987   879 108
318   666 -348
76   158 -82
24,423   24,317 106
47,384   43,634 3,750
25,080   24,931 149
617   631 -14
137   178 -41
68   89 -21
198   18 180
165   194 -29
203   266 -63
200   18 182
398   36 362
329   388 -59
69   89 -20
405   36 369
83   97 -14
332   288 44
68   89 -21
250   216 34
69   89 -20
7,767   6,569 1,198
70   88 -18
23,037   22,821 216
251   216 35
2,074   1,722 352
52,403   53,454 -1,051
26,434   26,526 -92
42,296   42,902 -606
2,094   1,762 332
1,919   1,633 286
3,469   2,962 507
3,275   2,788 487
1,163   987 176
251   214 37
4,126   3,560 566
84,157   82,247 1,910
1,716   1,501 215
24,070   23,206 864
3,097   2,701 396
1,326   1,158 168
591   515 76
314   276 38
104   92 12
315   276 39
626   381 245
313   276 37
105   63 42
1,188   1,029 159
424   253 171
740   643 97
1,175   1,029 146
2,198   1,930 268
5,625   4,885 740
1,811   1,585 226
1,318   1,156 162
25,105   23,038 2,067
25,351   15,289 10,062
20,852   16,447 4,405
24,784   24,665 119
1,221   1,070 151
4,830   577 4,253
1,415   1,241 174
2,679   2,353 326
976   855 121
3,101   2,735 366
2,562   2,265 297
9,904   9,388 516
1,207   1,068 139
13,128   12,486 642
1,804   1,581 223
35,071   32,659 2,412
1,459   1,281 178
320   342 -22
640   92 548
1,673   1,302 371
915   771 144
16,587   15,505 1,082
2,388   2,092 296
19,848   18,458 1,390
3,640   3,198 442
12,021   11,093 928
2,704   2,179 525
973   852 121
1,027   838 189
1,567   1,363 204
18     18
62,495   54,849 7,646
93,958   56,428 37,530
25,543   18,491 7,052
400   414 -14
57   55 2
458   431 27
229   214 15
57   54 3
19     19
497   356 141
435   544 -109
931   667 264
1,941   1,697 244
15,528   7,928 7,600
173   133 40
58   44 14
682   834 -152
573   445 128
57   44 13
115   89 26
57   44 13
58   44 14
174   133 41
787   638 149
297   239 58
98   80 18
198   159 39
428   258 170
436   258 178
87   52 35
260   155 105
705   704 1
88   88  
530   475 55
264   236 28
442   388 54
326   416 -90
490   625 -135
163   208 -45
4,014   3,299 715
494   482 12
220   214 6
927   1,347 -420
12,684   10,492 2,192
55   53 2
165   160 5
164   160 4
8,251   6,778 1,473
55   53 2
56   53 3
818   135 683
15,845   12,654 3,191
623   553 70
1,021   296 725
747   640 107
213   173 40
213   173 40
587   64 523
1,009     1,009
21     21
20,275   16,275 4,000
13,396   1,410 11,986
2,230   1,808 422
1,009     1,009
      36,893
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -4
b       -6
c       157
d       11,137
e       32,103
      -1,453
      7,024
      14,233
      10,300
      721
      441
      201
      -40
      702
      59
      23
      23
      13
      9
      9
      575
      -91
      23
      -528
      212
      -3
      -32
      -47
      121
      82
      138
      87
      63
      83
      250
      62
      165
      21
      79
      -15
      -22
      -15
      -6
      -39
      -8
      -8
      -924
      93
      44
      138
      -9
      -9
      14
      47
      1,361
      -10
      -11
      154
      71
      -749
      762
      -2,748
      7,323
       
      177
      71
      18
      58
      14,884
      989
      -9,073
      -917
      13,127
      1,667
      16,136
      970
      10,525
      -1,179
      -182
      16,294
      3,318
      247
      5,647
      4,841
      4,104
      1,921
      20
      -368
      -180
      -117
      -2,945
      -57
      -736
      -369
      20
      -125
      45
      -4,145
      -360
      10
      11
      19
      18
      24
      9
      -193
      -64
      9
      16
      -126
      -62
      -61
      108
      -348
      -82
      106
      3,750
      149
      -14
      -41
      -21
      180
      -29
      -63
      182
      362
      -59
      -20
      369
      -14
      44
      -21
      34
      -20
      1,198
      -18
      216
      35
      352
      -1,051
      -92
      -606
      332
      286
      507
      487
      176
      37
      566
      1,910
      215
      864
      396
      168
      76
      38
      12
      39
      245
      37
      42
      159
      171
      97
      146
      268
      740
      226
      162
      2,067
      10,062
      4,405
      119
      151
      4,253
      174
      326
      121
      366
      297
      516
      139
      642
      223
      2,412
      178
      -22
      548
      371
      144
      1,082
      296
      1,390
      442
      928
      525
      121
      189
      204
      18
      7,646
      37,530
      7,052
      -14
      2
      27
      15
      3
      19
      141
      -109
      264
      244
      7,600
      40
      14
      -152
      128
      13
      26
      13
      14
      41
      149
      58
      18
      39
      170
      178
      35
      105
      1
       
      55
      28
      54
      -90
      -135
      -45
      715
      12
      6
      -420
      2,192
      2
      5
      4
      1,473
      2
      3
      683
      3,191
      70
      725
      107
      40
      40
      523
      1,009
      21
      4,000
      11,986
      422
      1,009
       
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 2 326,838
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 4,140,086 7,084,127 0.584417
2016 105,614 9,036,732 0.011687
2015 20,099,299 13,075,160 1.537212
2014 1,634,580 35,212,696 0.04642
2013 1,349,536 33,134,070 0.04073
2
Total of line 1, column (d) .....................
2
2.220466
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
0.444093
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
6,098,273
5
Multiply line 4 by line 3......................
5
2,708,200
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,725
7
Add lines 5 and 6........................
7
2,711,925
8
Enter qualifying distributions from Part XII, line 4,.............
8
30,691
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 7,450
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 7,450
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 7,450
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 16,888
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 16,888
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 9,438
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet7,452 RefundedBullet 11 1,986
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    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 ofbulletJPMORGAN TRUST COMPANY OF DELAWARE Telephone no.bullet (800) 496-2583

    Located atbullet10 S DEARBORN IL1-0111CHICAGOIL ZIP+4bullet60603
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JPMORGAN TRUST COMPANY OF DELAWARE TRUSTEE
    2     		14,916    
    10 S DEARBORN IL1-0111
    CHICAGO,IL60603
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,585,933
    b
    Average of monthly cash balances.......................
    1b
    605,165
    c
    Fair market value of all other assets (see instructions)................
    1c
    42
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,191,140
    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
    6,191,140
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    92,867
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,098,273
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    304,914
    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
    304,914
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    7,450
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,450
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    297,464
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    297,464
    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
    297,464
    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
    30,691
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    30,691
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    30,691
    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 7 297,464
    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...... 0
    b From 2014...... 0
    c From 2015...... 17,100,893
    d From 2016...... 0
    e From 2017...... 3,819,650
    fTotal of lines 3a through e........ 20,920,543
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 30,691
    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..... 30,691
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 266,773 266,773
    (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 20,653,770
    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 ......     		20,653,770
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 16,834,120
    c Excess from 2016.... 0
    d Excess from 2017.... 3,819,650
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SARAH RUBIN
    270 PARK AVENUE
    NEW YORK,NY10017
    (212) 464-2599
    NONE@JPMORGAN.COM
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO
    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
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 92,802  
    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 ............     		    18 326,838  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 47,493  
    bPARTNERSHIP LOSS     14 -8,548  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   458,585  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    458,585
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Name of Bond End of Year Book Value End of Year Fair Market Value
    91929687 BLACKROCK HIGH YIELD    
    258620103 DOUBLELINE TOTL RET 66,353 66,353
    256210105 DODGE & COX INCOME F    
    552746364 MFS EMERGING MKTS DE    
    693390601 PIMCO SHORT-TERM FD-    
    722005816 PIMCO INVESTMENT GRA 49,827 51,893
    921937603 VANGUARD TOTAL BOND 246,317 251,958
    921937827 VANGUARD SHORT-TERM 101,153 103,234
    48121L114 JPMORGAN STRAT INC O    
    48121L809 JPMORGAN INFLATN MGD    
    92203J308 VANGUARD TOTAL INTL 202,537 214,748
    464287440 ISHARES BARCLAYS 7-1 49,955 52,738
    464288588 ISHARES BARCLAYS MBS 48,618 49,771
    808524870 SCHWAB U.S. TIPS ETF 25,286 26,616
    83002G108 SIX CIRCLES ULTRA SH 50,000 50,000

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00724F101 ADOBE INC. 256 2,391
    00846U101 AGILENT TECHNOLOGIES    
    02079K107 ALPHABET INC/CA-CL C 153,699 429,488
    02079K305 ALPHABET INC/CA-CL A 857 3,655
    09062X103 BIOGEN INC    
    16119P108 CHARTER COMMUNICATIO 1,460 3,083
    20030N101 COMCAST CORP-CLASS A 2,886 4,403
    21037X910 CONSTELLATION SOFTWA 80,396 182,642
    25278X109 DIAMONDBACK ENERGY I 1,453 1,448
    26875P101 EOG RESOURCES INC 2,242 2,661
    30303M102 FACEBOOK INC-A 133,510 153,830
    31620M106 FIDELITY NATIONAL IN 1,170 2,532
    38141G104 GOLDMAN SACHS GROUP    
    45866F104 INTERCONTINENTAL EXC 696 1,054
    57636Q104 MASTERCARD INC-CLASS 360 5,445
    58933Y105 MERCK & CO. INC. 2,881 3,486
    65339F101 NEXTERA ENERGY INC 1,598 2,279
    65473P105 NISOURCE INC 445 1,366
    67103H107 O'REILLY AUTOMOTIVE 999 1,523
    G0176J109 ALLEGION PLC 960 1,553
    G0177J108 ALLERGAN PLC    
    G1151C101 ACCENTURE PLC-CL A 1,106 2,696
    G45105924 HISCOX ORD GBP ISIN 30,075 78,204
    H1467J104 CHUBB LTD 844 3,057
    15351109 ALEXION PHARMACEUTICA 1,077 906
    23135106 AMAZON.COM INC 60,560 141,875
    26874784 AMERICAN INTERNATIONA    
    32654105 ANALOG DEVICES INC    
    37833100 APPLE INC 396 8,522
    04314H857 ARTISAN INTL VALUE F    
    60505104 BANK OF AMERICA CORP 560 3,682
    64058100 BANK OF NEW YORK MELL    
    084670108 BERKSHIRE HATHAWAY I    
    84670702 BERKSHIRE HATHAWAY IN 83,593 313,897
    101137107 BOSTON SCIENTIFIC CO 1,527 3,142
    110122108 BRISTOL-MYERS SQUIBB    
    115233579 BROWN ADV JAPAN ALPH    
    143130102 CARMAX INC 178,337 288,204
    151020104 CELGENE CORP 3,230 4,042
    172967424 CITIGROUP INC 1,506 3,700
    225310101 CREDIT ACCEPTANCE CO 74,911 166,832
    256206103 DODGE & COX INTL STO    
    277432100 EASTMAN CHEMICAL CO    
    532457108 ELI LILLY & CO 1,761 2,615
    302933502 FMI LARGE CAP FUND-I    
    369550108 GENERAL DYNAMICS COR 1,900 2,231
    375558103 GILEAD SCIENCES INC    
    416515104 HARTFORD FINANCIAL S    
    437076102 HOME DEPOT INC 608 3,846
    438516106 HONEYWELL INTERNATIO 1,083 5,001
    464287465 ISHARES MSCI EAFE IN 134,373 156,356
    469814107 JACOBS ENGINEERING G 81,346 159,492
    493267108 KEYCORP 1,450 1,910
    548661107 LOWE'S COS INC 400 2,129
    574599106 MASCO CORP    
    595017104 MICROCHIP TECHNOLOGY    
    594918104 MICROSOFT CORP 1,659 12,673
    608190104 MOHAWK INDUSTRIES IN 35,522 57,981
    609207105 MONDELEZ INTERNATION 1,085 2,675
    617446448 MORGAN STANLEY 1,746 3,788
    654106103 NIKE INC -CL B    
    655844108 NORFOLK SOUTHERN COR 2,360 3,440
    666807102 NORTHROP GRUMMAN COR 2,294 3,110
    674599105 OCCIDENTAL PETROLEUM    
    713448108 PEPSICO INC 2,515 3,451
    717081103 PFIZER INC 3,483 3,962
    718172109 PHILIP MORRIS INTERN 1,270 1,171
    723787107 PIONEER NATURAL RESO 1,750 2,071
    G7630V933 ROLLS ROYCE GROUP PL 97,362 123,237
    808513105 SCHWAB (CHARLES) COR 90,396 126,678
    78462F103 SPDR S&P 500 ETF TRU 179,217 262,333
    854502101 STANLEY BLACK & DECK 1,435 2,361
    78486Q101 SVB FINANCIAL GROUP 721 1,392
    882508104 TEXAS INSTRUMENTS IN 1,891 3,875
    872540109 TJX COMPANIES INC    
    90130A101 TWENTY-FIRST CENTURY    
    907818108 UNION PACIFIC CORP 1,940 3,959
    91324P102 UNITEDHEALTH GROUP I 977 6,474
    92532F100 VERTEX PHARMACEUTICA 218 1,333
    92826C839 VISA INC-CLASS A SHA 25,990 231,578
    254687106 WALT DISNEY CO/THE 2,601 4,004
    94106B101 WASTE CONNECTIONS IN 889 1,633
    949746101 WELLS FARGO & CO 524 1,888
    96208T104 WEX INC 740 1,745
    98138H101 WORKDAY INC-CLASS A    
    531229854 LIBERTY MEDIA GROUP- 128,971 163,230
    25816109 AMERICAN EXPRESS CO 2,944 3,234
    191216100 COCA-COLA CO/THE 1,603 1,895
    247361702 DELTA AIR LINES INC    
    256746108 DOLLAR TREE INC    
    315911727 FIDELITY INTERNATION 29,886 31,789
    315911750 FIDELITY 500 INDEX F 265,712 300,400
    530307107 LIBERTY BROADBAND-A 30,014 35,054
    530307305 LIBERTY BROADBAND-C 87,190 105,879
    693656100 PVH CORP    
    701094104 PARKER HANNIFIN CORP    
    701877102 PARSLEY ENERGY INC-C    
    913017109 UNITED TECHNOLOGIES 1,217 1,336
    981558109 WORLDPAY INC CL A    
    3.073E+108 AMERISOURCEBERGEN C    
    09857L108 BOOKING HOLDINGS INC 100,800 109,423
    11135F101 BROADCOM INC 530 4,350
    26078J100 DOWDUPONT INC    
    48129C207 JPM GL RES ENH IDX F 125,570 122,063
    48129C603 JPMORGAN US L/C CORE    
    56585A102 MARATHON PETROLEUM C 3,711 2,989
    67066G104 NVIDIA CORP 2,751 2,025
    68389X105 ORACLE CORP    
    70450Y103 PAYPAL HOLDINGS INC 2,445 3,091
    79466L302 SALESFORCE.COM INC 2,256 2,627
    92852T912 VIVENDI HELD BY EURO 113,529 117,244
    98956P102 ZIMMER HOLDINGS INC 2,905 3,513
    G5960L103 MEDTRONIC PLC    
    G6095L109 APTIV PLC 1,339 1,578
    N50799936 KONINKLIJKE VOPAK NV    
    S53435913 NASPERS LTD N SHS HE 141,796 125,215
    023135-10-6 AMZN AMAZON.COM IN    
    30303M-10-2 FB FACEBOOK INC-A    
    92826C-83-9 V VISA INC-CLASS A    
    949746-10-1 WFC WELLS FARGO &    
    4994 EUROFINS SCIENTIFIC HELD 81,542 88,963
    53015103 AUTOMATIC DATA PROCES 1,737 1,998
    234391910 A2 MILK CO LTD ISIN 73,669 116,171
    285512109 ELECTRONIC ARTS INC 2,332 2,220
    337738108 FISERV INC 4,494 5,272
    580135101 MCDONALD'S CORP 1,810 1,896
    742718109 PROCTER & GAMBLE CO/ 2,455 2,715
    747525103 QUALCOMM INC 1,124 951
    778296103 ROSS STORES INC 1,605 2,121
    789800919 MELROSE INDUSTRIES P 76,238 78,626
    988498101 YUM] BRANDS INC 999 1,238
    22052L104 CORTEVA INC 1,299 1,328
    26614N102 DUPONT DE NEMOURS IN 2,108 1,876
    46641Q688 JPM BETABUILDERS DEV 25,059 26,349
    46641Q696 JPMORGAN BETABUILDER 51,512 52,777
    46641Q712 JPMORGAN BETABUILDER 50,192 51,142
    46641Q720 JPMORGAN BETABUILDER 50,170 51,975
    64110L106 NETFLIX INC 2,206 1,938
    83002G306 SIX CIRCLES U.S. UNC 148,662 159,434
    83002G405 SIX CIRCLES INTERNAT 74,942 77,063
    G5494J103 LINDE PLC 3,942 4,399
    N6596X109 NXP SEMICONDUCTORS N 1,489 1,654

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    00191K500 AQR LONG-SHORT EQUIT      
    00191K609 AQR MANAGED FUTURES AT COST 27,610 26,197
    27831R108 EATON VANCE GLOBAL M      
    38145C646 GOLDMAN SACHS STRAT      
    72201U638 PIMCO MTGE OPPORTUNI      
    09257V508 BLACKSTONE ALT MULTI AT COST 124,176 127,159
    12628J881 CRM LONG/SHORT OPPOR AT COST 24,665 25,150
    25264S650 DIAMOND HILL LONG/SH AT COST 24,665 25,665
    29446A710 EQUINOX FDS TR IPM S AT COST 24,665 23,286

    TY 2018 LegalFeesSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 18,786     18,786


    TY 2018 OtherAssetsSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    XXX-XX-XXXX ROCK REALTY ASSOCIAT 24,917 0 0


    TY 2018 OtherDecreasesSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Description Amount
    COST BASIS ADJUSTMENT 37
    ROUNDING 283


    TY 2018 OtherExpensesSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES (CREDIT CARD) 1,134 0   1,134
    DIANE CUOMO-ADMIN FEE 2,000 0   2,000
    MISC CHARITABLE EXPENSES 405 0   405


    TY 2018 OtherIncomeSchedule2
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL 990PF REFUND 47,493 0  
    PARTNERSHIP LOSS -8,548 -9,228  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMNT MNGMNT FEES (NON-DED 25,685 25,685    


    TY 2018 TaxesSchedule
    Name:
    THOMAS J AND OLIVE C WATSON FDN XXXXX1004
    EIN:
    35-7120358
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,999 1,999   0
    FEDERAL ESTIMATES - INCOME 11,888 0   0
    FOREIGN TAXES ON QUALIFIED FOR 840 840   0
    FOREIGN TAXES ON NONQUALIFIED 39 39   0