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 09-01-2018 , and ending 08-31-2019

Name of foundation
THE ED RACHAL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)555 N CARANCAHUA SUITE 700
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CORPUS CHRISTI, TX78401

A Employer identification number

74-1116595

B Telephone number (see instructions)

(361) 881-9040

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

$549,086,693J Accounting method: Cash Accrual
Other (specify)TAX BASIS ACCR.
(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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,581,403
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	8,474,445		8,409,495
5a	Gross rents............	12,495,529		12,495,529
b	Net rental income or (loss) 869,124
6a	Net gain or (loss) from sale of assets not on line 10		-303,073
b	Gross sales price for all assets on line 6a 56,182,710
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		47,762,299	47,762,299
12	Total. Add lines 1 through 11........	70,010,603		68,667,323
13	Compensation of officers, directors, trustees, etc.	1,213,131		649,702	563,429
14	Other employee salaries and wages......	669,825		385,591	284,233
15	Pension plans, employee benefits.......	369,520		208,029	140,613
16a	Legal fees (attach schedule).........		302,709	270,487	32,222
b	Accounting fees (attach schedule).......		40,697	40,697
c	Other professional fees (attach schedule)....		496,060	375,425	120,608
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,478,954	2,700	103,808
19	Depreciation (attach schedule) and depletion...		20,996
20	Occupancy..............	8,645,701		8,498,146	147,555
21	Travel, conferences, and meetings.......	75,664		58,655	17,008
22	Printing and publications..........	15,841		7,521	8,321
23	Other expenses (attach schedule).......		3,490,241	3,018,069	495,415
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	16,819,339		13,515,022	1,913,212
25	Contributions, gifts, grants paid.......	18,444,935			18,444,935
26	Total expenses and disbursements. Add lines 24 and 25	35,264,274		13,515,022	20,358,147
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	34,746,329
b	Net investment income (if negative, enter -0-)			55,152,301
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	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.............	759,335	937,029	937,029
	2	Savings and temporary cash investments.........	29,450,164	47,533,121	47,533,121
	3	Accounts receivable 14,631,710
		Less: allowance for doubtful accounts	10,811,372	14,631,710	14,631,710
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	242,062	609,271	609,271
	10a	Investments—U.S. and state government obligations (attach schedule)	39,121,638	17,109,084	17,109,084
	b	Investments—corporate stock (attach schedule).......	12,939,568	174,077	174,077
	c	Investments—corporate bonds (attach schedule).......	20,368,798	8,362,794	8,362,794
	11	Investments—land, buildings, and equipment: basis 209,802,878
		Less: accumulated depreciation (attach schedule) 4,198,959	223,453,653	205,603,919	205,603,919
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	168,192,955	219,265,992	219,265,992
	14	Land, buildings, and equipment: basis 34,643,112
		Less: accumulated depreciation (attach schedule) 25,846	25,289,400	34,617,266	34,617,266
	15	Other assets (describe )	57,883	242,430	242,430
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	530,686,828	549,086,693	549,086,693
	17	Accounts payable and accrued expenses..........	10,763,641	21,718,196
	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).........	10,763,641	21,718,196
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	519,923,187	527,368,497
	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	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).....	519,923,187	527,368,497
	31	Total liabilities and net assets/fund balances (see instructions).	530,686,828	549,086,693

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

519,923,187

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

34,746,329

Other increases not included in line 2 (itemize) bullet

15,012,354

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

569,681,870

Decreases not included in line 2 (itemize) bullet

42,313,373

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

527,368,497

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	GGP INC COM	P	2017-03-10	2018-09-05
b	GILEAD SCIENCES INC	P	2018-10-23	2019-02-21
c	CHEVRON TEXACO CORP	P	2012-03-06	2019-02-21
d	US TSY NOTE	P	2019-04-12	2019-07-31
e	ENTERGY	P	2017-09-22	2019-02-21
	PENTAIR	P	2013-01-25	2019-02-21
	SHERWIN WILLIAMS	P	2017-09-22	2019-02-21
	US TREASURY	P	2018-12-18	2019-08-06
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	ALLSTATE	P	2019-02-14	2019-02-21
	CLEARBRIDGE	P	2018-12-21	2019-02-22
	CHEVRON	P	2017-08-10	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	MORGAN STAN	P	2014-01-28	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-15	2019-02-21
	BURLINGTON NTHN SANTA FE	P	2018-09-19	2018-11-14
	CHEVRON	P	2019-02-25	2019-06-03
	DELAWARE DIVERSIFIED	P	2019-05-22	2019-06-04
	LORD ABBETT FLOATING	P	2019-03-29	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2018-08-31	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2019-03-29	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	CRANE	P	2018-10-31	2019-06-04
	AT&T INC 5.8%	P	2014-08-01	2018-12-19
	VERIZON	P	2017-06-22	2019-02-22
	GENERAL ELECTRIC COMPANY (GE)	P	2017-06-22	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	TAPESTRY	P	2017-07-14	2019-02-21
	QUALCOM INC	P	2017-08-01	2018-09-10
	GILEAD SCIENCES INC	P	2018-11-27	2019-02-21
	CHEVRON TEXACO CORP	P	2012-04-10	2019-02-21
	AMERICAN ELECTRIC	P	2016-11-17	2019-02-21
	EXXON	P	2012-02-01	2019-02-21
	PENTAIR	P	2016-11-18	2019-02-21
	SOUTHERN CO	P	2012-01-19	2019-02-21
	GAMCO GLOBAL GOLD	P	2018-12-19	2018-09-05
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	ALLSTATE	P	2019-02-14	2019-02-21
	TORTOISE MIDSTREAM	P	2018-12-03	2019-02-22
	CLEARBRIDGE	P	2017-08-11	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	NUVEEN AMT	P	2014-01-29	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-15	2019-02-21
	BURLINGTON NTHN SANTA FE	P	2018-09-19	2018-11-15
	COCA COLA	P	2019-02-25	2019-06-03
	DIAGEO PLC	P	2019-02-25	2019-06-03
	LORD ABBETT FLOATING	P	2019-04-30	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2018-09-28	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2019-04-30	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	US T-BILL	P	2019-02-22	2019-08-22
	AGNICO EAGLE MINES LIMITED (CANADA)	P	2017-11-16	2019-02-21
	INTEL CORPORATION (INTC)	P	2017-06-22	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	WEX	P	2017-07-14	2019-02-21
	ALTRIA GROUP INC	P	2018-05-09	2019-02-21
	PEPSICO INC	P	2018-05-09	2019-02-21
	CVS HEALTH CORP	P	2016-11-22	2019-02-21
	AT&T	P	2017-09-18	2019-02-21
	EXXON	P	2017-01-30	2019-02-21
	PPG	P	2012-03-22	2019-02-21
	SOUTHERN CO	P	2017-09-22	2019-02-21
	GAMCO GLOBAL GOLD	P	2018-12-20	2018-09-06
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	ALLSTATE	P	2019-02-14	2019-02-21
	VOYA	P	2016-08-25	2019-01-30
	EXXON	P	2017-08-10	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	NUVEEN AMT	P	2015-12-30	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-15	2019-02-21
	BURLINGTON NTHN SANTA FE	P	2018-09-19	2018-11-16
	COMCAST	P	2019-02-25	2019-06-03
	HOME DEPOT	P	2019-02-25	2019-06-03
	LORD ABBETT FLOATING	P	2019-05-31	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2018-10-31	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2019-05-31	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	ALTRIA GROUP	P	2018-05-18	2019-02-21
	BARRICK GOLD CORPORATION (CANADA) (G	P	2013-07-08	2019-02-21
	JOHNSON & JOHNSON (JNJ)	P	2017-03-06	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	WEX	P	2017-07-14	2019-02-21
	ALTRIA GROUP INC	P	2018-10-23	2019-02-21
	PROCTOR & GAMBLE	P	2018-05-09	2019-02-21
	CVS HEALTH CORP	P	2018-02-09	2019-02-21
	CHEVRON	P	2013-01-25	2019-02-21
	HAWAIIAN	P	2012-01-24	2019-02-21
	PPG	P	2016-11-17	2019-02-21
	TARGET	P	2012-01-09	2019-02-21
	ALTAGAS INCOME LTD	P	2018-07-11	2018-10-31
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-25	2019-02-21
	ALLSTATE	P	2019-02-14	2019-02-21
	MORGAN STAN	P	2014-01-28	2019-02-14
	FLAHERTY CRUMRINE	P	2017-08-11	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	NUVEEN MUNICIPAL	P	2015-12-31	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	EMERSON ELEC CO	P	2018-05-04	2018-11-13
	DELAWARE DIVERSIFIED	P	2018-06-22	2019-06-04
	INTEL CORP	P	2019-02-25	2019-06-03
	LORD ABBETT INCOME FUND CLASS F	P	2018-06-29	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2018-11-30	2019-06-04
	MICROSFOT	P	2019-02-25	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	GENERAL MILLS	P	2018-05-18	2019-02-21
	BARRICK GOLD CORPORATION (CANADA) (G	P	2016-06-15	2019-02-21
	SM ENERGY COMPANY (SM)	P	2017-06-21	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	APPLE	P	2019-01-16	2019-02-21
	QUALCOM INC	P	2018-10-23	2019-02-21
	EXXON MOBIL CORP	P	2017-03-10	2019-02-21
	CHEVRON	P	2017-01-30	2019-02-21
	HAWAIIAN	P	2017-09-22	2019-02-21
	PPG	P	2017-09-22	2019-02-21
	TARGET	P	2017-09-22	2019-02-21
	NUVEEN TAXABLE MUNICIPAL NBB	P	2013-09-12	2018-11-21
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-25	2019-02-21
	ALLSTATE	P	2019-02-14	2019-02-21
	NUVEEN TAXABLE MUNICIPAL NBB	P	2013-09-12	2019-02-19
	FLAHERTY CRUMRINE	P	2017-08-10	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	PPG INDUST	P	2018-04-12	2018-11-13
	DELAWARE DIVERSIFIED	P	2018-07-20	2019-06-04
	ISHARES	P	2019-02-25	2019-06-03
	LORD ABBETT INCOME FUND CLASS F	P	2018-07-31	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2018-12-31	2019-06-04
	NOVARTIS	P	2019-02-25	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	HALLIBURTON	P	2018-09-20	2019-02-21
	BARRICK GOLD CORPORATION (CANADA) (G	P	2017-03-06	2019-02-21
	SM ENERGY COMPANY (SM)	P	2017-06-21	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	BRISTOL MYERS	P	2018-10-23	2019-02-21
	RAYTHEON CO	P	2018-10-23	2019-02-21
	EXXON MOBIL CORP	P	2017-07-07	2019-02-21
	CLOROX	P	2017-01-31	2019-02-21
	HORMEL	P	2017-09-18	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	VERIZON	P	2014-02-21	2019-02-21
	US TREASURY BILL 08/15/19	P	2018-11-01	2018-11-13
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-25	2019-02-21
	ALLSTATE	P	2019-02-14	2019-02-21
	ABERDEEN ASIA	P	2013-09-13	2019-02-21
	FLAHERTY CRUMRINE	P	2017-08-11	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	PPG INDUST	P	2018-04-12	2018-11-14
	DELAWARE DIVERSIFIED	P	2018-08-22	2019-06-04
	JOHNSON & JOHNSON	P	2019-02-25	2019-06-03
	LORD ABBETT INCOME FUND CLASS F	P	2018-08-31	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2019-03-29	2019-06-04
	PIMCO INCOME	P	2018-09-28	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	MOLSON COORS	P	2018-05-18	2019-02-21
	BRITISH AMERN TOB PLC SPONSORED ADR	P	2017-07-25	2019-02-21
	SM ENERGY COMPANY (SM)	P	2017-06-16	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	BRISTOL MYERS	P	2018-11-27	2019-02-21
	RAYTHEON CO	P	2018-11-15	2019-02-21
	EXXON MOBIL CORP	P	2017-08-15	2019-02-21
	COCA COLA	P	2012-01-19	2019-02-21
	LOWES	P	2017-09-18	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	VERIZON	P	2017-09-22	2019-02-21
	ISHARES 20	P	2018-06-22	2018-12-19
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-25	2019-02-21
	TORTOISE MIDSTREAM	P	2019-02-15	2019-02-21
	ADVENT CLAY	P	2013-09-14	2019-02-21
	FLAHERTY CRUMRINE	P	2017-08-12	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	PPG INDUST	P	2018-04-12	2018-11-16
	DELAWARE DIVERSIFIED	P	2018-09-21	2019-06-04
	JPMORGAN CHASE	P	2019-02-25	2019-06-03
	LORD ABBETT INCOME FUND CLASS F	P	2018-09-28	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2019-04-30	2019-06-04
	PIMCO INCOME	P	2018-10-31	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	SCHLUMBERGER	P	2018-09-20	2019-02-21
	BRITISH AMERN TOB PLC SPONSORED ADR	P	2018-05-18	2019-02-21
	SM ENERGY COMPANY (SM)	P	2017-08-18	2019-02-21
	SANCHEZ	P	2017-08-03	2019-02-21
	BROOKFIELD PPTY PARTNERS	P	2018-09-04	2019-02-21
	RAYTHEON CO	P	2019-01-02	2019-02-21
	EXXON MOBIL CORP	P	2018-02-09	2019-02-21
	COCA COLA	P	2017-01-31	2019-02-21
	MEDTRONIC	P	2015-01-27	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	WW GRAINGER	P	2012-01-25	2019-02-21
	FIRST TRUST PREFERRED	P	2018-06-08	2019-02-14
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-25	2019-02-21
	TORTOISE MIDSTREAM	P	2019-02-16	2019-02-21
	ADVENT CLAY	P	2014-05-30	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	FLAHERTY CRUMRINE	P	2018-02-13	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	PROCTER & GAMBLE	P	2018-05-04	2018-11-13
	DELAWARE DIVERSIFIED	P	2018-10-22	2019-06-04
	LINDE PLC	P	2019-02-25	2019-06-03
	LORD ABBETT INCOME FUND CLASS F	P	2018-10-31	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2019-05-31	2019-06-04
	PIMCO INCOME	P	2018-10-31	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	ACCENTURE	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	ALTRIA GROUP	P	2017-03-06	2019-02-21
	DUKE ENERGY CORPORATION NEW COM NEW	P	2017-03-06	2019-02-21
	SM ENERGY COMPANY (SM)	P	2017-06-15	2019-02-21
	SANCHEZ	P	2017-08-03	2019-02-21
	CATERPILLAR INC	P	2018-10-23	2019-02-21
	SCHLUMBERGER LTD	P	2018-10-23	2019-02-21
	GENERAL ELETRIC	P	2017-07-12	2019-02-21
	COLGATE	P	2017-01-31	2019-02-21
	MEDTRONIC	P	2017-09-22	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	WW GRAINGER	P	2017-09-22	2019-02-21
	ABERDEEN ASIA	P	2018-05-09	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	ISHARES 20	P	2018-06-25	2019-02-21
	TORTOISE MIDSTREAM	P	2019-02-17	2019-02-21
	ADVENT CLAY	P	2014-05-30	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	GAMCO GLOBAL GOLD	P	2018-02-14	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	RYDER SYST INC	P	2017-07-19	2018-11-13
	DELAWARE DIVERSIFIED	P	2018-11-21	2019-06-04
	LORD ABBETT FLOATING	P	2018-06-29	2019-06-04
	LORD ABBETT INCOME FUND CLASS F	P	2018-11-30	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2018-06-29	2019-06-04
	PIMCO INCOME	P	2018-10-31	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	ALCON	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	CHEVRON	P	2015-05-01	2019-02-21
	DUKE ENERGY CORPORATION NEW COM NEW	P	2018-05-18	2019-02-21
	UNITED PARCEL SERVICE INCORPORATED C	P	2017-06-22	2019-02-21
	SANCHEZ	P	2017-08-03	2019-02-21
	CELGENE CORP	P	2018-03-16	2019-02-21
	SCHLUMBERGER LTD	P	2018-11-15	2019-02-21
	GENERAL ELETRIC	P	2017-11-30	2019-02-21
	DUKE ENERGY	P	2012-01-13	2019-02-21
	NUCOR	P	2012-02-17	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	US TREASY	P	2018-10-18	2019-04-24
	BANK OF AMERIC	P	2000-03-02	2019-02-14
	ISHARES 20	P	2018-06-22	2019-02-21
	REDWOOD TRUST	P	2018-09-13	2019-02-21
	TORTOISE MIDSTREAM	P	2018-07-18	2019-02-21
	ADVENT CLAY	P	2014-05-30	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	ICAHN	P	2016-06-06	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	SOUTHWESTERN ELEC PWR CO	P	2018-09-25	2018-11-13
	DELAWARE DIVERSIFIED	P	2018-12-21	2019-06-04
	LORD ABBETT FLOATING	P	2018-07-31	2019-06-04
	LORD ABBETT INCOME FUND CLASS F	P	2018-12-31	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2018-07-31	2019-06-04
	PIMCO INCOME	P	2018-10-31	2019-06-04
	REPUBLIC SERVICES	P	2018-10-31	2019-06-04
	ALCON	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	CHEVRON	P	2017-03-06	2019-02-21
	EXXON MOBIL CORPORATION (XOM)	P	2016-06-16	2019-02-21
	APACHE CORP	P	2017-07-13	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	CHEVRON TEXACO CORP	P	2018-10-23	2019-02-21
	SCHLUMBERGER LTD	P	2019-01-02	2019-02-21
	GENERAL ELETRIC	P	2018-02-09	2019-02-21
	DUKE ENERGY	P	2013-08-27	2019-02-21
	NUCOR	P	2017-09-22	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	US TREASY	P	2018-10-18	2019-04-25
	CENTER COAST	P	2010-10-29	2018-12-21
	ISHARES 20	P	2018-06-22	2019-02-21
	REGIONS	P	2019-02-14	2019-02-21
	TORTOISE MIDSTREAM	P	2018-07-18	2019-02-21
	BLACKROCK	P	2018-02-01	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	JP MORGAN	P	2017-10-13	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2016-08-31	2019-02-21
	US TREAS NOTE	P	2014-06-03	2018-11-13
	DELAWARE DIVERSIFIED	P	2019-01-22	2019-06-04
	LORD ABBETT FLOATING	P	2018-08-31	2019-06-04
	LORD ABBETT INCOME FUND CLASS F	P	2019-03-29	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2018-08-31	2019-06-04
	PIMCO INCOME	P	2018-10-31	2019-06-04
	SUNCOR ENERGY	P	2018-10-31	2019-06-04
	BLACKROCK	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	ENBRIDGE	P	2013-11-05	2019-02-21
	EXXON MOBIL CORPORATION (XOM)	P	2017-03-06	2019-02-21
	CIMAREX	P	2017-07-13	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	CONSTELLATION BRANDS	P	2018-11-26	2019-02-21
	SOUTHWEST AIRLINES	P	2019-01-02	2019-02-21
	GILEAD SCIENCES INC	P	2015-09-03	2019-02-21
	DUKE ENERGY	P	2017-09-22	2019-02-21
	NVENT	P	2013-01-25	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	US TREASURY	P	2018-10-10	2019-06-12
	CLEARBRIDGE	P	2010-10-30	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	TALLGRASS ENERGY	P	2019-02-15	2019-02-21
	TORTOISE MIDSTREAM	P	2018-07-18	2019-02-21
	BLACKROCK	P	2018-02-01	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	MARATHON OIL	P	2016-06-21	2019-02-21
	NUVEEN MUNICIPAL	P	2017-01-18	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	VOYA	P	2016-09-01	2019-02-21
	US TREAS NOTE	P	2016-04-15	2018-11-15
	DELAWARE DIVERSIFIED	P	2019-02-22	2019-06-04
	LORD ABBETT FLOATING	P	2018-09-28	2019-06-04
	LORD ABBETT INCOME FUND CLASS F	P	2019-07-30	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2018-09-28	2019-06-04
	PIMCO INCOME	P	2018-10-31	2019-06-04
	SUNTRUST BANKS	P	2018-10-31	2019-06-04
	CHEVRON	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	FORD	P	2017-06-22	2019-02-21
	EXXON MOBIL CORPORATION (XOM)	P	2015-05-01	2019-02-21
	DAHANER	P	2017-07-14	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	CONSTELLATION BRANDS	P	2019-01-10	2019-02-21
	ZIMMER HOLDINGS	P	2019-11-26	2019-02-21
	GILEAD SCIENCES INC	P	2016-06-03	2019-02-21
	EMERSON ELECTRIC	P	2012-01-17	2019-02-21
	NVENT	P	2016-11-18	2019-02-21
	SANCHEZ ENERGY CORP	P	2018-03-01	2019-02-21
	US TREASURY	P	2018-10-11	2019-06-12
	GOLDCORP	P	2018-08-23	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	TALLGRASS ENERGY	P	2018-07-10	2019-02-21
	TORTOISE MIDSTREAM	P	2018-07-18	2019-02-21
	BLACKROCK	P	2018-02-01	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	MEDICAL PROPERTIES	P	2016-01-22	2019-02-21
	NUVEEN PREG	P	2014-05-30	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	NUVEEN TAXABLE MUNICIPAL NBB	P	2016-09-02	2019-02-21
	VERIZON COMM	P	2017-06-01	2018-11-13
	DELAWARE DIVERSIFIED	P	2019-02-25	2019-06-04
	LORD ABBETT FLOATING	P	2018-10-31	2019-06-04
	LORD ABBETT INCOME FUND CLASS F	P	2019-05-31	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2018-10-31	2019-06-04
	PIMCO INCOME	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	CHUBB LTD	P	2018-10-31	2019-06-04
	DELAWARE DIVERSIFIED	P	2018-10-31	2019-06-04
	GEN MILLS	P	2017-06-22	2019-02-21
	FIRST MAJESTIC SILVER CORPORATION (C	P	2017-11-17	2019-02-21
	DYCOM	P	2017-07-14	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	CVS HEALTH CORP	P	2018-05-15	2019-02-21
	ZIMMER HOLDINGS	P	2019-01-02	2019-02-21
	GILEAD SCIENCES INC	P	2017-06-09	2019-02-21
	EMERSON ELECTRIC	P	2016-11-18	2019-02-21
	ORANGE	P	2012-01-10	2019-02-21
	SHERWIN WILLIAMS	P	2012-04-27	2019-02-21
	US TREASURY	P	2018-12-18	2019-07-05
	ISHARES 20	P	2018-08-24	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	TALLGRASS ENERGY	P	2018-07-10	2019-02-21
	WASATCH	P	2018-07-19	2019-02-21
	BLACKROCK	P	2018-02-01	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	MEDICAL PROPERTIES	P	2016-01-22	2019-02-21
	NUVEEN QUALITY	P	2014-05-31	2019-02-21
	SCHLUMBERGER	P	2017-08-10	2019-02-21
	BOEIN CO	P	2018-01-05	2018-11-13
	ACCENTURE	P	2019-02-25	2019-06-03
	DELAWARE DIVERSIFIED	P	2019-03-22	2019-06-04
	LORD ABBETT FLOATING	P	2018-11-30	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2018-06-28	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2018-11-30	2019-06-04
	PROCTER & GAMBLE	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	COCA COLA	P	2018-10-31	2019-06-04
	ALL OTHERS - 40 PAGE DETAIL PER MONT	P	2018-10-31	2019-06-04
	HECLA MINNING	P	2017-11-17	2019-02-21
	GENERAL ELECTRIC COMPANY (GE)	P	2018-01-09	2019-02-21
	NIKE	P	2017-07-14	2019-02-21
	SANCHEZ	P	2017-09-25	2019-02-21
	EXXON MOBIL CORP	P	2019-01-02	2019-02-21
	AMGEN	P	2016-11-25	2019-02-21
	US TSY NOTE	P	2016-02-12	2018-12-12
	ENTERGY	P	2012-01-12	2019-02-21
	ORANGE	P	2017-09-22	2019-02-21
	SHERWIN WILLIAMS	P	2016-11-17	2019-02-21
	US TREASURY	P	2018-12-18	2019-07-05
	ISHARES 20	P	2018-08-25	2019-02-21
	ISHARES 20	P	2018-06-22	2019-02-21
	TALLGRASS ENERGY	P	2018-07-10	2019-02-21
	WELLS FARGO	P	2019-02-14	2019-02-21
	BLACKROCK	P	2018-02-01	2019-02-21
	FLAHERTY CRUMRINE	P	2014-06-19	2019-02-21
	MORGAN STAN	P	2016-01-23	2019-02-21
	REGIONS FNL	P	2014-06-11	2019-02-21
	TORTOISE MIDSTREAM	P	2017-08-11	2019-02-21
	BURLINGTON NTHN SANTA FE	P	2018-09-19	2018-11-13
	ALCON	P	2019-02-25	2019-06-03
	DELAWARE DIVERSIFIED	P	2019-04-22	2019-06-04
	LORD ABBETT FLOATING	P	2018-12-31	2019-06-04
	LORD ABBETT SHORT DURATION INCOME	P	2018-07-31	2019-06-04
	LORD ABBETT TOTAL RETURN	P	2018-12-31	2019-06-04
	PUTNAM INCOME FUND CLASS	P	2018-10-31	2019-06-04
	TEMPLETON GLOBAL BOND	P	2018-10-31	2019-06-04
	COMCAST	P	2018-10-31	2019-06-04
	AT&T INC 5.8%	P	2014-08-01	2018-12-19
	UNITED TECH	P	2017-08-01	2019-02-21
	GENERAL ELECTRIC COMPANY (GE)	P	2017-11-16	2019-02-21
	O'REILLY	P	2017-07-14	2019-02-21
	TAPESTRY	P	2017-07-14	2019-02-21

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	312	1,199	-887
b	19,803	21,377	-1,574
c	35,796	32,469	3,327
d	1,000,000	999,130	870
e	68,438	60,999	7,439
	15,558	13,241	2,317
	21,597	17,685	3,912
	209,778	209,954	-176
	5,085	5,053	32
	12,108	12,106	2
	860	864	-4
	5	4	1
	86,154	79,302	6,852
	1,857	1,936	-79
	2,446	2,281	165
	2,556	2,436	120
	2,794	3,490	-696
	534,350	542,826	-8,476
	7,191	6,802	389
	251	253	-2
	192	193	-1
	267	269	-2
	165	167	-2
	130	126	4
	160	159	1
	6,510	5,763	747
	301,370	301,873	-503
	109,874	92,229	17,645
	40,252	112,147	-71,895
	205	5,570	-5,365
	12,082	16,927	-4,845
	36,295	26,654	9,641
	13,202	13,446	-244
	11,932	10,181	1,751
	134,210	101,303	32,907
	18,183	20,187	-2,004
	57,171	52,765	4,406
	44,147	41,038	3,109
	29,348	38,313	-8,965
	12,108	12,031	77
	12,108	12,106	2
	1,291	1,297	-6
	6	6
	78,911	75,840	3,071
	1,857	1,936	-79
	183,565	179,214	4,351
	2,556	2,436	120
	4,191	5,236	-1,045
	489,020	498,921	-9,901
	7,175	7,748	-573
	625	666	-41
	183	181	2
	266	268	-2
	155	157	-2
	137	133	4
	193	187	6
	31,844	34,053	-2,209
	5,052,000	4,993,554	58,446
	192,539	202,797	-10,258
	152,607	104,206	48,401
	112	3,037	-2,925
	1,180	782	398
	25,140	27,970	-2,830
	57,935	48,178	9,757
	31,400	36,779	-5,379
	80,547	100,117	-19,570
	72,732	80,209	-7,477
	43,075	18,998	24,077
	57,637	58,645	-1,008
	16,097	24,377	-8,280
	12,108	12,031	77
	12,108	12,106	2
	2,531	2,536	-5
	34,751	28,508	6,243
	104,787	105,872	-1,085
	3,509	3,659	-150
	88,476	93,992	-5,516
	2,556	2,436	120
	265	340	-75
	298,743	304,342	-5,599
	3,513	3,659	-146
	1,902	1,873	29
	192	192
	254	258	-4
	164	164
	133	127	6
	201	194	7
	82	87	-5
	99,916	112,978	-13,062
	23,398	24,535	-1,137
	267,235	249,669	17,566
	75	2,023	-1,948
	168,832	110,935	57,897
	25,140	30,775	-5,635
	49,684	36,194	13,490
	31,400	33,757	-2,357
	20,006	19,912	94
	57,837	40,148	17,689
	64,612	58,864	5,748
	28,639	19,768	8,871
	63,045	107,311	-44,266
	12,108	12,031	77
	16,830	16,828	2
	5,061	5,071	-10
	45,234	42,324	2,910
	2,316	2,044	272
	5,577	5,809	-232
	99,327	99,920	-593
	2,556	2,436	120
	1,397	1,788	-391
	974,145	988,315	-14,170
	227	234	-7
	530	434	96
	147	151	-4
	261	265	-4
	4,914	5,313	-399
	135	128	7
	927	917	10
	126	128	-2
	185,454	168,374	17,080
	30,083	46,717	-16,634
	90,308	73,111	17,197
	37	1,012	-975
	34,225	31,156	3,069
	52,191	66,829	-14,638
	38,951	40,832	-1,881
	86,535	82,391	4,144
	66,232	60,651	5,581
	21,537	22,145	-608
	98,447	81,827	16,620
	4	4
	12,108	12,031	77
	24,216	24,212	4
	18,981	19,067	-86
	74,471	61,696	12,775
	43,519	46,138	-2,619
	5,547	5,809	-262
	961	967	-6
	2,556	2,436	120
	1,397	1,788	-391
	486,555	500,893	-14,338
	186	192	-6
	1,512	1,548	-36
	145	148	-3
	260	263	-3
	560	600	-40
	135	128	7
	233	229	4
	113	116	-3
	95,323	122,486	-27,163
	80,220	109,069	-28,849
	90,308	74,807	15,501
	19	511	-492
	50,970	50,880	90
	55,749	57,712	-1,963
	15,580	16,006	-426
	125,864	100,306	25,558
	127,946	100,038	27,908
	1,364	15,236	-13,872
	26,658	23,384	3,274
	11,600,760	11,592,694	8,066
	12,108	12,031	77
	24,216	24,212	4
	25,307	25,366	-59
	175,148	224,510	-49,362
	880	883	-3
	7,427	7,745	-318
	1,434	1,444	-10
	2,556	2,436	120
	1,397	1,788	-391
	252,790	260,464	-7,674
	190	196	-6
	11,194	10,652	542
	148	151	-3
	255	256	-1
	202	201	1
	134	128	6
	195	191	4
	18,072	18,161	-89
	121,966	122,015	-49
	95,249	182,128	-86,879
	90,308	80,469	9,839
	19	506	-487
	25,485	25,503	-18
	37,166	36,386	780
	15,580	15,578	2
	26,735	20,569	6,166
	130,787	99,913	30,874
	1,364	15,236	-13,872
	85,568	77,954	7,614
	51,553	51,131	422
	12,108	12,031	77
	24,216	24,212	4
	3,674	4,267	-593
	25,916	25,618	298
	1,435	1,440	-5
	8,801	9,216	-415
	1,434	1,444	-10
	2,556	2,436	120
	2,528	3,237	-709
	232,435	240,428	-7,993
	205	214	-9
	6,999	6,894	105
	146	150	-4
	257	258	-1
	203	202	1
	135	129	6
	194	195	-1
	121	120	1
	90,720	124,631	-33,911
	72,432	103,307	-30,875
	90,308	69,179	21,129
	902	23,678	-22,776
	7,404	7,453	-49
	27,875	22,789	5,086
	15,580	14,909	671
	80,204	75,785	4,419
	45,650	37,834	7,816
	1,364	15,191	-13,827
	30,611	19,807	10,804
	104,936	107,570	-2,634
	12,108	12,031	77
	24,216	24,212	4
	14,179	14,714	-535
	14	16	-2
	2,153	2,160	-7
	50,135	52,278	-2,143
	1,434	1,444	-10
	2,556	2,436	120
	2,794	3,576	-782
	484,670	489,690	-5,020
	191	201	-10
	1,746	1,807	-61
	147	154	-7
	253	253
	223	226	-3
	127	124	3
	14,474	9,531	4,943
	176	178	-2
	149,874	227,794	-77,920
	263,583	247,945	15,638
	18,062	17,441	621
	592	15,533	-14,941
	70,115	59,745	10,370
	45,340	55,206	-9,866
	10,130	26,446	-16,316
	100,319	100,091	228
	71,214	62,921	8,293
	1,364	15,186	-13,822
	139,279	81,556	57,723
	43,782	45,712	-1,930
	12,108	12,031	77
	48,431	48,424	7
	27,938	31,018	-3,080
	720	821	-101
	2,315	2,321	-6
	124,382	141,393	-17,011
	1,434	1,444	-10
	2,556	2,436	120
	4,191	5,365	-1,174
	582,459	608,121	-25,662
	204	215	-11
	178	174	4
	152	160	-8
	170	174	-4
	184	186	-2
	120	119	1
	322	257	65
	159	163	-4
	89,331	82,655	6,676
	87,861	74,433	13,428
	109,882	110,674	-792
	166	4,360	-4,194
	44,840	44,834	6
	45,340	48,209	-2,869
	10,130	18,310	-8,180
	53,859	39,962	13,897
	27,306	20,093	7,213
	1,364	15,141	-13,777
	299,839	300,024	-185
	80,851	80,655	196
	24,216	24,062	154
	76,736	80,408	-3,672
	1,397	1,563	-166
	4,679	5,333	-654
	2,315	2,322	-7
	131,264	129,220	2,044
	1,434	1,444	-10
	5,111	4,872	239
	4,191	5,365	-1,174
	538,030	548,715	-10,685
	197	207	-10
	186	181	5
	152	160	-8
	171	176	-5
	205	209	-4
	8,619	7,998	621
	933	747	186
	179	183	-4
	267,993	256,522	11,471
	77,584	91,829	-14,245
	66,558	96,740	-30,182
	144	3,794	-3,650
	47,728	44,970	2,758
	31,738	25,788	5,950
	10,130	14,316	-4,186
	13,902	10,775	3,127
	89,199	80,670	8,529
	1,364	15,141	-13,777
	399,808	400,032	-224
	32,318	25,845	6,473
	24,216	24,062	154
	9,448	9,451	-3
	1,397	1,563	-166
	1,215	1,228	-13
	2,316	2,322	-6
	57,160	63,025	-5,865
	1,907	1,920	-13
	12,779	12,180	599
	8,898	11,391	-2,493
	2,055,396	2,055,396
	198	206	-8
	187	182	5
	138	140	-2
	177	182	-5
	206	211	-5
	4,069	4,620	-551
	7,391	6,952	439
	176	180	-4
	106,977	106,553	424
	232,751	250,355	-17,604
	73,019	93,850	-20,831
	902	25,197	-24,295
	50,061	58,334	-8,273
	54,435	46,831	7,604
	13,202	20,602	-7,400
	48,088	47,662	426
	9,940	6,712	3,228
	1,364	15,090	-13,726
	3,996,524	4,000,286	-3,762
	149,365	134,653	14,712
	48,431	48,124	307
	114,828	93,898	20,930
	1,397	1,563	-166
	8,843	8,931	-88
	3,195	3,204	-9
	131,512	129,838	1,674
	1,907	1,920	-13
	13,916	13,276	640
	35,284	30,839	4,445
	710,000	710,000
	215	221	-6
	184	179	5
	139	140	-1
	174	180	-6
	207	211	-4
	12,479	13,894	-1,415
	8,503	8,801	-298
	185	189	-4
	88,418	112,286	-23,868
	77,584	89,807	-12,223
	110,166	85,667	24,499
	884	24,706	-23,822
	50,061	48,071	1,990
	49,729	45,483	4,246
	19,803	25,898	-6,095
	26,891	20,015	6,876
	36,529	26,747	9,782
	1,364	15,079	-13,715
	2,397,507	2,399,563	-2,056
	115,344	108,505	6,839
	12,108	12,106	2
	721	651	70
	12,572	14,065	-1,493
	13,259	13,396	-137
	3,195	3,205	-10
	32,686	18,523	14,163
	127,586	127,189	397
	16,612	15,834	778
	58,333	57,184	1,149
	1,047,635	1,073,066	-25,431
	16,878	17,381	-503
	195	191	4
	139	139
	176	184	-8
	178	179	-1
	173	168	5
	9,919	8,355	1,564
	188	194	-6
	92,727	113,684	-20,957
	207,810	216,290	-8,480
	62,663	91,743	-29,080
	722	20,237	-19,515
	31,400	32,819	-1,419
	74,593	61,361	13,232
	33,005	32,043	962
	94,118	76,938	17,180
	40,950	41,789	-839
	64,790	18,598	46,192
	199,786	199,956	-170
	19,130	19,020	110
	12,108	12,106	2
	3,929	3,547	382
	161,843	156,300	5,543
	13,268	13,396	-128
	5,828	5,849	-21
	79,082	44,815	34,267
	178,888	186,333	-7,445
	56,133	79,808	-23,675
	771,797	800,578	-28,781
	3,071	3,313	-242
	230	234	-4
	197	195	2
	264	265	-1
	181	189	-8
	7,780	7,662	118
	191	182	9
	10,169	9,701	468
	599,620	542,838	56,782
	138,304	208,600	-70,296
	137,863	256,837	-118,974
	165,726	117,288	48,438
	650	18,216	-17,566
	23,370	20,670	2,700
	55,944	43,665	12,279
	4,927,450	5,024,365	-96,915
	48,884	39,940	8,944
	53,691	59,644	-5,953
	101,504	62,736	38,768
	99,900	99,978	-78
	506,669	495,153	11,516
	12,108	12,106	2
	105,923	95,625	10,298
	80,790	80,573	217
	48,617	49,119	-502
	11,574	11,605	-31
	78,818	77,188	1,630
	383	365	18
	4,191	5,248	-1,057
	490,245	498,921	-8,676
	78	78
	243	247	-4
	203	207	-4
	249	251	-2
	180	186	-6
	130	126	4
	179	173	6
	14,073	11,692	2,381
	351,598	352,191	-593
	381,547	315,821	65,726
	60,378	110,571	-50,193
	188,620	92,475	96,145
	56,958	79,758	-22,800

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			-887
b			-1,574
c			3,327
d			870
e			7,439
			2,317
			3,912
			-176
			32
			2
			-4
			1
			6,852
			-79
			165
			120
			-696
			-8,476
			389
			-2
			-1
			-2
			-2
			4
			1
			747
			-503
			17,645
			-71,895
			-5,365
			-4,845
			9,641
			-244
			1,751
			32,907
			-2,004
			4,406
			3,109
			-8,965
			77
			2
			-6

			3,071
			-79
			4,351
			120
			-1,045
			-9,901
			-573
			-41
			2
			-2
			-2
			4
			6
			-2,209
			58,446
			-10,258
			48,401
			-2,925
			398
			-2,830
			9,757
			-5,379
			-19,570
			-7,477
			24,077
			-1,008
			-8,280
			77
			2
			-5
			6,243
			-1,085
			-150
			-5,516
			120
			-75
			-5,599
			-146
			29

			-4

			6
			7
			-5
			-13,062
			-1,137
			17,566
			-1,948
			57,897
			-5,635
			13,490
			-2,357
			94
			17,689
			5,748
			8,871
			-44,266
			77
			2
			-10
			2,910
			272
			-232
			-593
			120
			-391
			-14,170
			-7
			96
			-4
			-4
			-399
			7
			10
			-2
			17,080
			-16,634
			17,197
			-975
			3,069
			-14,638
			-1,881
			4,144
			5,581
			-608
			16,620

			77
			4
			-86
			12,775
			-2,619
			-262
			-6
			120
			-391
			-14,338
			-6
			-36
			-3
			-3
			-40
			7
			4
			-3
			-27,163
			-28,849
			15,501
			-492
			90
			-1,963
			-426
			25,558
			27,908
			-13,872
			3,274
			8,066
			77
			4
			-59
			-49,362
			-3
			-318
			-10
			120
			-391
			-7,674
			-6
			542
			-3
			-1
			1
			6
			4
			-89
			-49
			-86,879
			9,839
			-487
			-18
			780
			2
			6,166
			30,874
			-13,872
			7,614
			422
			77
			4
			-593
			298
			-5
			-415
			-10
			120
			-709
			-7,993
			-9
			105
			-4
			-1
			1
			6
			-1
			1
			-33,911
			-30,875
			21,129
			-22,776
			-49
			5,086
			671
			4,419
			7,816
			-13,827
			10,804
			-2,634
			77
			4
			-535
			-2
			-7
			-2,143
			-10
			120
			-782
			-5,020
			-10
			-61
			-7

			-3
			3
			4,943
			-2
			-77,920
			15,638
			621
			-14,941
			10,370
			-9,866
			-16,316
			228
			8,293
			-13,822
			57,723
			-1,930
			77
			7
			-3,080
			-101
			-6
			-17,011
			-10
			120
			-1,174
			-25,662
			-11
			4
			-8
			-4
			-2
			1
			65
			-4
			6,676
			13,428
			-792
			-4,194
			6
			-2,869
			-8,180
			13,897
			7,213
			-13,777
			-185
			196
			154
			-3,672
			-166
			-654
			-7
			2,044
			-10
			239
			-1,174
			-10,685
			-10
			5
			-8
			-5
			-4
			621
			186
			-4
			11,471
			-14,245
			-30,182
			-3,650
			2,758
			5,950
			-4,186
			3,127
			8,529
			-13,777
			-224
			6,473
			154
			-3
			-166
			-13
			-6
			-5,865
			-13
			599
			-2,493

			-8
			5
			-2
			-5
			-5
			-551
			439
			-4
			424
			-17,604
			-20,831
			-24,295
			-8,273
			7,604
			-7,400
			426
			3,228
			-13,726
			-3,762
			14,712
			307
			20,930
			-166
			-88
			-9
			1,674
			-13
			640
			4,445

			-6
			5
			-1
			-6
			-4
			-1,415
			-298
			-4
			-23,868
			-12,223
			24,499
			-23,822
			1,990
			4,246
			-6,095
			6,876
			9,782
			-13,715
			-2,056
			6,839
			2
			70
			-1,493
			-137
			-10
			14,163
			397
			778
			1,149
			-25,431
			-503
			4

			-8
			-1
			5
			1,564
			-6
			-20,957
			-8,480
			-29,080
			-19,515
			-1,419
			13,232
			962
			17,180
			-839
			46,192
			-170
			110
			2
			382
			5,543
			-128
			-21
			34,267
			-7,445
			-23,675
			-28,781
			-242
			-4
			2
			-1
			-8
			118
			9
			468
			56,782
			-70,296
			-118,974
			48,438
			-17,566
			2,700
			12,279
			-96,915
			8,944
			-5,953
			38,768
			-78
			11,516
			2
			10,298
			217
			-502
			-31
			1,630
			18
			-1,057
			-8,676

			-4
			-4
			-2
			-6
			4
			6
			2,381
			-593
			65,726
			-50,193
			96,145
			-22,800

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	-303,073
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	-169,509

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	23,070,523	408,030,865	0.056541
2016	22,155,399	393,010,690	0.056374
2015	24,410,896	382,145,085	0.063879
2014	14,861,856	393,371,193	0.037781
2013	17,793,839	314,661,763	0.056549

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

0.271124

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 ......

0.054225

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

393,067,161

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

21,314,067

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

551,523

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

21,865,590

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

20,358,147

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	1,103,046
	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
3	Add lines 1 and 2...........................	3	1,103,046
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,103,046
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	1,131,643
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,131,643
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	3,416
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	25,181
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax25,181	Refunded	11

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 . Click to see attachment

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

Yes

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

WWW.EDRACHAL.ORG

The books are in care of bullet

PAUL D ALTHEIDE Telephone no. bullet

(361) 881-9040

Located at bullet

555 N CARANCAHUA ST SUITE 700CORPUS CHRISTITX ZIP+4 bullet

78401

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 ......

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).

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
DAVID L HOYER	BOARD CHAIRM 5.00	66,463	0
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	BOARD CHAIRM 5.00	66,463	0
KEN W TRAWICK	BOARD VICE-P 3.00	61,950	2,662
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	BOARD VICE-P 3.00	61,950	2,662
E RICHARD SCHENDEL	ASST. TREASU 3.00	64,400	0
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	ASST. TREASU 3.00	64,400	0
JOHN J JOHNSON	SEC /TREASUR 3.00	62,200	0
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	SEC /TREASUR 3.00	62,200	0
KEN L KELLAR	DIRECTOR 3.00	0	0
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	DIRECTOR 3.00	0	0
PAUL D ALTHEIDE	PRESIDENT/CE 48.00	472,692	16,699
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	PRESIDENT/CE 48.00	472,692	16,699
MYRA K MORRIS	CHIEF LEGAL 38.00	297,830	20,713
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	CHIEF LEGAL 38.00	297,830	20,713
JOHN P JORDAN	VICE PRESIDE 38.00	187,596	5,344
555 N CARANCAHUA ST STE 700 CORPUS CHRISTI,TX78401	VICE PRESIDE 38.00	187,596	5,344

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
LESLIE DANIELS	PROJECT MANA 40.00	98,720	26,953
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	PROJECT MANA 40.00	98,720	26,953
KIM TYNDALL	COMPTROLLER 40.00	101,300	23,706
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	COMPTROLLER 40.00	101,300	23,706
DAVE TUPAJ	PROPERTY MAN 40.00	80,795	28,994
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	PROPERTY MAN 40.00	80,795	28,994
BETTIE BILLINGS	ASST. COMPTR 40.00	80,524	19,838
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	ASST. COMPTR 40.00	80,524	19,838
STEVEN WELLS	IT SPECIALIS 40.00	80,524	14,957
555 N CARANCAHUA ST SUITE 700 CORPUS CHRISTI,TX78401	IT SPECIALIS 40.00	80,524	14,957
Total number of other employees paid over $50,000...................				2

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
WOOD BOYKIN & WOLTER	ATTORNEY	98,105
615 N UPPER BROADWAY SUITE 1100 CORPUS CHRISTI,TX78401	ATTORNEY	98,105
BAEN CONSULTING LLC	CONSULTANT	81,162
POB 1495 CORPUS CHRISTI,TX78403	CONSULTANT	81,162
EDI ARCHITECTURE	ARCHITECT	70,388
POB 331300 CORPUS CHRISTI,TX784631300	ARCHITECT	70,388

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	N/A
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...................

53,915,308

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

26,953,675

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

318,183,972

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

399,052,955

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

399,052,955

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

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

5,985,794

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

393,067,161

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

19,653,358

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

19,653,358

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

1,103,046

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

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

1,103,046

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

18,550,312

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

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

18,550,312

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

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

18,550,312

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 ..........

20,358,147

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

20,358,147

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

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

20,358,147

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	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7			18,550,312
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2018:
a From 2013......	4,667,095
b From 2014......
c From 2015......	6,335,972
d From 2016......	3,967,490
e From 2017......	3,795,552
fTotal of lines 3a through e........		18,766,109
4Qualifying distributions for 2018 from Part
XII, line 4: $ 20,358,147
a Applied to 2017, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2018 distributable amount.....			18,550,312
e Remaining amount distributed out of corpus		1,807,835
5 Excess distributions carryover applied to 2018.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		20,573,944
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		4,667,095
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		15,906,849
10 Analysis of line 9:
a Excess from 2014....
b Excess from 2015....	6,335,972
c Excess from 2016....	3,967,490
d Excess from 2017....	3,795,552
e Excess from 2018....	1,807,835

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 e-mail address of the person to whom applications should be addressed:

PAUL D ALTHEIDE
555 N CARANCAHUA SUITE 700
CORPUS CHRISTI,TX78401
(361) 881-9040

bThe form in which applications should be submitted and information and materials they should include:

SEE FOUNDATION'S WEBSITE, WWW.EDRACHAL.ORG, FOR GUIDELINES AND APPLICATION.

cAny submission deadlines:

NO SUBMISSION DEADLINES.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

LIMITED GEOGRAPHICALLY TO THE STATE OF TEXAS.

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
SEE STATEMENT 21 555 N CARANCAHUA STE 700 CORPUS CHRISTI,TX78401			CHARITABLE	18,444,935
Total ................................. 3a				18,444,935

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	8,474,445
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	869,124
6 Net rental income or (loss) from personal property
7 Other investment income.....			15	47,595,971
8 Gain or (loss) from sales of assets other than inventory ............					-303,073
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aMISCELLANEOUS INCOME			1	84,736
bEASEMENTS & ROW			1	37,904
cLAWSUIT SETTLEMENT			1	40,000
dOTHER			1	3,688
e
12 Subtotal. Add columns (b), (d), and (e)..				57,105,868	-303,073

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

56,802,795

(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
ERF REAL ESTATE INC EIN 20-2661759	501(C)(2)	SEE GENERAL FOOTNOTE
ERF PORT ARANSAS INC EIN 46-4468454	501(C)(2)	SEE GENERAL FOOTNOTE
ERF FLIGHT SERVICES	DISREGARDED ENT	SEE GENERAL FOOTNOTE
ERF TOWER II INC EIN 47-4191656	501(C)(2)	SEE GENERAL FOOTNOTE
802 NC INC EIN 83-0802751	501(C)(2)	SEE GENERAL FOOTNOTE

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

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included
DEPRECIATION			2,268,534	STRAIGHT LINE		20,996
AMORTIZATION			144,342	AMORTIZATION

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS - SEE STATEMENT 22
SANCHEZ ENERGY CORP 6.125	21,250	21,250
HONEYWELL INTL INC 1.650%	848,929	848,929
ARIZONA PUB SVC CO 2.200%	1,499,820	1,499,820
UNION PACIFIC CORP 1.800%	998,050	998,050
PHILLIP MORRIS INTL INC 2.000%	499,420	499,420
TEXAS INSTRUMENTS INC 1.750%	249,638	249,638
UNITED TECH CORP 1.900%	267,536	267,536
AT&T INC 2.450%	901,602	901,602
COCA COLA 1.875%	259,927	259,927
KENTUCKY UTILS CO 3.250%	545,897	545,897
UNION PAC CORP 4%	301,764	301,764
UNITED PARCEL SERVICE	580,528	580,528
JOHNSON & JONSON	202,568	202,568
PEPSICO INC 2.750%	267,176	267,176
PRAXAIR INC 2.20%	251,139	251,139
NORTHERN STAR 2.6%	667,550	667,550

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCK - SEE STATEMENT 21
WHITE POINT DEVELOPMENT	1,920	1,920
TRULITE	122,560	122,560
SMART FURNITURE HOLDING LLC	49,597	49,597

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LAND	66,236,044		66,236,044	66,236,044
LAND IMPROVEMENTS	2,578,982	363,179	2,215,803	2,215,803
BLDGS & LEASEHOLD IMPROVEMENTS	37,917,204	3,266,694	34,650,510	34,650,510
FURNITURE & EQUIPMENT	397,988	168,944	229,044	229,044
EQUIPMENT & TOOLS	166,514	30,999	135,515	135,515
SOFTWARE	6,153	6,153
LEASEHOLD COSTS	455,000	44,065	410,935	410,935
MOBILE HOME COMPLEX	102,119	9,361	92,758	92,758
LEASE ACQUISITION COSTS	1,478,220	309,564	1,168,656	1,168,656
MINERAL INTERESTS	100,464,654		100,464,654	100,464,654

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
CITY OF CORPUS CHRISTI BONDS	FMV	2,010,000	2,010,000
LOAN COMMITMENTS	FMV	17,351,000	17,351,000
NOTES RECEIVABLE	FMV	199,875,562	199,875,561
STANDARD RENEWABLE ENERGY	FMV	29,430	29,431
OTHER INVESTMENTS

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
BLDGS & LEASEHOLD IMPROVEMENTS	11,181,765	25,846	11,155,919	11,155,919
LAND IMPROVEMENTS	244,867		244,867	244,867
MOBILE HOMES	259,408		259,408	259,408
PILATUS	4,137,341		4,137,341	4,137,341
FURNITURE AND OFFICE EQ	3,190		3,190	3,190
EQ AND TOOLS	20,000		20,000	20,000
MINERALS	221,270		221,270	221,270
LAND	18,575,271		18,575,271	18,575,271

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
HELD FOR OTHERS		120,524	120,524
CAPITALIZED COMMISSIONS	57,883	121,906	121,906

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
RENT INCOME
INSURANCE	828,539	828,539
INVESTMENT DEPRECIATION	1,755,860	1,755,860
FARM RENTAL INCOME
INSURANCE	2,759	2,759
EXPENSES
PILATUS AIRPLANE EXPENSE	29,789	20,327	9,462
BOARD EXPENSE	5,640	3,760	1,880
EXEMPT PURPOSE EXPENSES	83,565		83,565
CONTRACT LABOR	434,490	246,948	208,421
FUEL & OIL	2,261	13	2,248
INSURANCE	57,227	20,917	36,310
MACHINE HIRE	4,471		4,471
MISCELLANEOUS	70	70
OFFICE EXPENSE	135,145	67,573	67,573
SUPPLIES	68,283	47,111	21,172
REPAIRS & MAINTENANCE	144,014	102,440	41,574
SEMINARS, DUES & FEES	32,656	12,918	19,738
ACCRUED VACATION & SICK LEAVE	-92,165	-91,166	-999
FARM RENT - INSURANCE	-2,363

Description	Revenue And Expenses Per Books	Net Investment Income
ROYALTIES - GALVAN RANCH	46,850,664	46,850,664
ROYALTIES - EL DESCONSO	734,149	734,149
ROYALTIES-OTHER	978	978
LEASE BONUS & SURFACE DAMAGE	10,180	10,180
MISCELLANEOUS INCOME	84,736	84,736
EASEMENTS & ROW	37,904	37,904
LAWSUIT SETTLEMENT	40,000	40,000
OTHER	3,688	3,688

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
CONSULTING - EXEMPT PURPOSE	95,861		95,834
INVESTMENT CHARGES & FEES	55,296	55,296
INVESTMENT CHARGES & FEES- EXEMP	24,774		24,774
RENT INCOME	320,129	320,129

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
PENALTY	3,470
FOREIGN TAXES	2,700	2,700
EXCISE TAXES	1,368,976
PROPERTY TAXES - EXEMPT	103,808		103,808