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 11-01-2018 , and ending 10-31-2019
Name of foundation
ALBERT E AND ETHEL I CARLTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

84-6331869
B Telephone number (see instructions)

(888) 730-4933
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$13,477,559J 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... 366,064 359,841  
5a Gross rents............      
b Net rental income or (loss) -418
6a Net gain or (loss) from sale of assets not on line 10 350,063
b Gross sales price for all assets on line 6a 3,506,868
7 Capital gain net income (from Part IV, line 2)... 350,063
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 300    
12 Total. Add lines 1 through 11........ 716,427 709,904  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 109,132 81,849   27,283
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 975 0 0 975
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,825 3,749   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 484 484    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 116,416 86,082 0 28,258
25 Contributions, gifts, grants paid....... 640,000 640,000
26 Total expenses and disbursements. Add lines 24 and 25 756,416 86,082 0 668,258
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -39,989
b Net investment income (if negative, enter -0-) 623,822
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.............   1,657 1,657
2 Savings and temporary cash investments......... 473,814 379,651 379,651
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,494,846 Click to see attachment8,536,677 13,096,251
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,968,660 8,917,985 13,477,559
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........ 8,968,660 8,917,985
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)..... 8,968,660 8,917,985
31 Total liabilities and net assets/fund balances (see instructions). 8,968,660 8,917,985
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
8,968,660
2
Enter amount from Part I, line 27a .....................
2
-39,989
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,928,671
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,686
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,917,985
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 25000. BANK OF NEW YORK MEL 2.200% 3/04/19   2014-10-03 2019-03-04
b 25000. BANK OF NEW YORK MEL 2.200% 3/04/19   2014-10-03 2019-03-04
c 25000. BANK OF NEW YORK MEL 2.200% 3/04/19   2014-10-03 2019-03-04
d 100. AFFILIATED MANAGERS GROUP, INC COM   2010-08-11 2019-03-15
e 100. AFFILIATED MANAGERS GROUP, INC COM   2010-08-11 2019-03-15
100. AFFILIATED MANAGERS GROUP, INC COM   2010-08-11 2019-03-15
100. ANHEUSER-BUSCH INBEV SPN ADR   2011-09-08 2019-03-15
100. ANHEUSER-BUSCH INBEV SPN ADR   2011-09-08 2019-03-15
100. ANHEUSER-BUSCH INBEV SPN ADR   2011-09-08 2019-03-15
400. COMCAST CORP CLASS A     2019-03-15
400. COMCAST CORP CLASS A     2019-03-15
400. COMCAST CORP CLASS A     2019-03-15
6396.588 CREDIT SUISSE COMM RT ST-CO 2156     2019-03-15
6396.588 CREDIT SUISSE COMM RT ST-CO 2156     2019-03-15
6396.588 CREDIT SUISSE COMM RT ST-CO 2156     2019-03-15
25. CUMMINS INC.   2014-10-03 2019-03-15
25. CUMMINS INC.   2014-10-03 2019-03-15
25. CUMMINS INC.   2014-10-03 2019-03-15
50. WALT DISNEY CO     2019-03-15
50. WALT DISNEY CO     2019-03-15
50. WALT DISNEY CO     2019-03-15
3000. DREYFUS INTERNATL BOND FD CL I 6094     2019-03-15
3000. DREYFUS INTERNATL BOND FD CL I 6094     2019-03-15
3000. DREYFUS INTERNATL BOND FD CL I 6094     2019-03-15
100. HSBC - ADR   2013-03-08 2019-03-15
100. HSBC - ADR   2013-03-08 2019-03-15
100. HSBC - ADR   2013-03-08 2019-03-15
50. INTERNATIONAL BUSINESS MACHS CORP     2019-03-15
50. INTERNATIONAL BUSINESS MACHS CORP     2019-03-15
50. INTERNATIONAL BUSINESS MACHS CORP     2019-03-15
200. ORACLE CORPORATION     2019-03-15
200. ORACLE CORPORATION     2019-03-15
200. ORACLE CORPORATION     2019-03-15
12000. PIMCO FOREIGN BD FD USD H-INST #103     2019-03-15
11999.071 PIMCO FOREIGN BD FD USD H-INST #103     2019-03-15
11999.071 PIMCO FOREIGN BD FD USD H-INST #103     2019-03-15
200. TJX COMPANIES INC   2011-07-06 2019-03-15
200. TJX COMPANIES INC   2011-07-06 2019-03-15
200. TJX COMPANIES INC   2011-07-06 2019-03-15
75. TARGET CORP   2003-07-31 2019-03-15
75. TARGET CORP   2003-07-31 2019-03-15
75. TARGET CORP   2003-07-31 2019-03-15
100. UNION PACIFIC CORP   2010-08-11 2019-03-15
100. UNION PACIFIC CORP   2010-08-11 2019-03-15
100. UNION PACIFIC CORP   2010-08-11 2019-03-15
700. VANGUARD EUROPE PACIFIC ETF     2019-03-15
700. VANGUARD EUROPE PACIFIC ETF     2019-03-15
700. VANGUARD EUROPE PACIFIC ETF     2019-03-15
16. ADIENT PLC -W/I     2019-03-15
16. ADIENT PLC -W/I     2019-03-15
16. ADIENT PLC -W/I     2019-03-15
167. JOHNSON CTLS INTL PLC     2019-03-15
167. JOHNSON CTLS INTL PLC     2019-03-15
167. JOHNSON CTLS INTL PLC     2019-03-15
25. APPLE INC   2010-07-27 2019-04-05
25. APPLE INC   2010-07-27 2019-04-05
25. APPLE INC   2010-07-27 2019-04-05
50. BOEING CO   2011-05-26 2019-04-05
50. BOEING CO   2011-05-26 2019-04-05
50. BOEING CO   2011-05-26 2019-04-05
6355.932 CREDIT SUISSE COMM RT ST-CO 2156     2019-04-05
6355.932 CREDIT SUISSE COMM RT ST-CO 2156     2019-04-05
6355.932 CREDIT SUISSE COMM RT ST-CO 2156     2019-04-05
100. SCHLUMBERGER LTD   2010-07-27 2019-04-05
100. SCHLUMBERGER LTD   2010-07-27 2019-04-05
100. SCHLUMBERGER LTD   2010-07-27 2019-04-05
75. BERSHIRE HATHAWAY INC.   2005-05-09 2019-04-22
75. BERSHIRE HATHAWAY INC.     2019-04-22
75. BERSHIRE HATHAWAY INC.     2019-04-22
30. CME GROUP INC   2012-06-20 2019-04-22
30. CME GROUP INC   2012-06-20 2019-04-22
30. CME GROUP INC   2012-06-20 2019-04-22
7247.48 CREDIT SUISSE COMM RT ST-CO 2156     2019-04-22
7247.48 CREDIT SUISSE COMM RT ST-CO 2156     2019-04-22
7247.48 CREDIT SUISSE COMM RT ST-CO 2156     2019-04-22
9571.861 DRIEHAUS ACTIVE INCOME FUND     2019-04-22
10553.52 DRIEHAUS ACTIVE INCOME FUND     2019-04-22
10553.52 DRIEHAUS ACTIVE INCOME FUND     2019-04-22
50. GOLDMAN SACHS GROUP INC   2010-12-21 2019-04-22
50. GOLDMAN SACHS GROUP INC   2010-12-21 2019-04-22
50. GOLDMAN SACHS GROUP INC   2010-12-21 2019-04-22
100. MCKESSON CORP   2012-11-20 2019-04-22
100. MCKESSON CORP   2012-11-20 2019-04-22
100. MCKESSON CORP   2012-11-20 2019-04-22
20. THERMO FISHER SCIENTIFIC INC   2010-07-27 2019-04-22
20. THERMO FISHER SCIENTIFIC INC   2010-07-27 2019-04-22
20. THERMO FISHER SCIENTIFIC INC   2010-07-27 2019-04-22
50. UNITEDHEALTH GROUP INC   2010-07-27 2019-04-22
50. UNITEDHEALTH GROUP INC   2010-07-27 2019-04-22
50. UNITEDHEALTH GROUP INC   2010-07-27 2019-04-22
125. BERSHIRE HATHAWAY INC.   2005-05-09 2019-05-08
125. BERSHIRE HATHAWAY INC.   2005-05-09 2019-05-08
125. BERSHIRE HATHAWAY INC.   2005-05-09 2019-05-08
35. BOEING CO   2011-05-26 2019-05-08
35. BOEING CO   2011-05-26 2019-05-08
35. BOEING CO   2011-05-26 2019-05-08
55. JPMORGAN CHASE & CO   2009-02-09 2019-05-08
55. JPMORGAN CHASE & CO   2009-02-09 2019-05-08
55. JPMORGAN CHASE & CO   2009-02-09 2019-05-08
400. US BANCORP     2019-05-08
400. US BANCORP     2019-05-08
400. US BANCORP     2019-05-08
700. VANGUARD EUROPE PACIFIC ETF   2013-03-08 2019-05-08
700. VANGUARD EUROPE PACIFIC ETF   2013-03-08 2019-05-08
700. VANGUARD EUROPE PACIFIC ETF   2013-03-08 2019-05-08
12.422 FIDELITY NEW MRKTS INC-Z #3323   2019-03-29 2019-05-23
12.422 FIDELITY NEW MRKTS INC-Z #3323   2019-03-29 2019-05-23
12.422 FIDELITY NEW MRKTS INC-Z #3323   2019-03-29 2019-05-23
15. BOEING CO   2011-05-26 2019-05-30
15. BOEING CO   2011-05-26 2019-05-30
15. BOEING CO   2011-05-26 2019-05-30
25. UNION PACIFIC CORP   2010-06-30 2019-05-30
25. UNION PACIFIC CORP   2010-06-30 2019-05-30
25. UNION PACIFIC CORP   2010-06-30 2019-05-30
3700. SPDR DJ WILSHIRE INTERNATIONAL REAL     2019-05-31
3700. SPDR DJ WILSHIRE INTERNATIONAL REAL     2019-05-31
3700. SPDR DJ WILSHIRE INTERNATIONAL REAL     2019-05-31
2000. EATON VANCE FLOATING RATE FD-I #924   2013-12-16 2019-06-10
2000. EATON VANCE FLOATING RATE FD-I #924   2013-12-16 2019-06-10
2000. EATON VANCE FLOATING RATE FD-I #924   2013-12-16 2019-06-10
9513.213 JPMORGAN HIGH YIELD FUND SS 3580   2014-03-31 2019-06-10
9513.213 JPMORGAN HIGH YIELD FUND SS 3580   2014-03-31 2019-06-10
9513.213 JPMORGAN HIGH YIELD FUND SS 3580   2014-03-31 2019-06-10
55. APPLE INC   2010-07-27 2019-06-20
55. APPLE INC   2010-07-27 2019-06-20
55. APPLE INC   2010-07-27 2019-06-20
15. THERMO FISHER SCIENTIFIC INC   2010-07-27 2019-06-20
15. THERMO FISHER SCIENTIFIC INC   2010-07-27 2019-06-20
15. THERMO FISHER SCIENTIFIC INC   2010-07-27 2019-06-20
20. UNION PACIFIC CORP   2010-06-30 2019-06-20
20. UNION PACIFIC CORP   2010-06-30 2019-06-20
20. UNION PACIFIC CORP   2010-06-30 2019-06-20
50. UNITED PARCEL SERVICE-CL B   2011-09-08 2019-06-20
50. UNITED PARCEL SERVICE-CL B   2011-09-08 2019-06-20
50. UNITED PARCEL SERVICE-CL B   2011-09-08 2019-06-20
100. ISHARES CORE S & P 500 ETF   2013-01-08 2019-06-28
45. APPLE INC   2010-07-27 2019-07-05
45. APPLE INC   2010-07-27 2019-07-05
45. APPLE INC   2010-07-27 2019-07-05
85. CISCO SYSTEMS INC   2019-06-20 2019-07-05
85. CISCO SYSTEMS INC   2019-06-20 2019-07-05
85. CISCO SYSTEMS INC   2019-06-20 2019-07-05
30. WALT DISNEY CO   2009-01-30 2019-07-05
30. WALT DISNEY CO   2009-01-30 2019-07-05
30. WALT DISNEY CO   2009-01-30 2019-07-05
30. TJX COMPANIES INC   2011-07-06 2019-07-05
30. TJX COMPANIES INC   2011-07-06 2019-07-05
30. TJX COMPANIES INC   2011-07-06 2019-07-05
20. UNION PACIFIC CORP   2010-06-30 2019-07-05
20. UNION PACIFIC CORP   2010-06-30 2019-07-05
20. UNION PACIFIC CORP   2010-06-30 2019-07-05
100. ALEXION PHARMACEUTICALS INC   2019-03-15 2019-08-14
100. ALEXION PHARMACEUTICALS INC   2019-03-15 2019-08-14
100. ALEXION PHARMACEUTICALS INC   2019-03-15 2019-08-14
200. NESTLE S.A. REGISTERED SHARES - ADR     2019-08-14
200. NESTLE S.A. REGISTERED SHARES - ADR     2019-08-14
200. NESTLE S.A. REGISTERED SHARES - ADR     2019-08-14
100. SALESFORCE COM INC     2019-08-14
100. SALESFORCE COM INC     2019-08-14
100. SALESFORCE COM INC     2019-08-14
8025.682 FIDELITY ADV INTL RL EST-Z #3301   2019-05-31 2019-09-09
8025.682 FIDELITY ADV INTL RL EST-Z #3301   2019-05-31 2019-09-09
8025.682 FIDELITY ADV INTL RL EST-Z #3301   2019-05-31 2019-09-09
300. MONSTER BEVERAGE CORP   2012-11-20 2019-10-29
300. MONSTER BEVERAGE CORP   2012-11-20 2019-10-29
300. MONSTER BEVERAGE CORP   2012-11-20 2019-10-29
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 25,000   25,083 -83
b 25,000   25,083 -83
c 25,000   25,083 -83
d 10,665   6,931 3,734
e 10,665   6,931 3,734
10,665   6,931 3,734
8,114   5,327 2,787
8,114   5,327 2,787
8,114   5,327 2,787
16,156   4,657 11,499
16,156   4,657 11,499
16,156   4,657 11,499
30,000   57,417 -27,417
30,000   57,417 -27,417
30,000   57,417 -27,417
3,934   3,379 555
3,934   3,379 555
3,934   3,379 555
5,729   1,631 4,098
5,729   1,645 4,084
5,729   1,645 4,084
44,370   51,340 -6,970
44,370   51,340 -6,970
44,370   51,340 -6,970
4,117   5,515 -1,398
4,117   5,515 -1,398
4,117   5,515 -1,398
6,975   9,736 -2,761
6,975   9,736 -2,761
6,975   9,736 -2,761
10,606   5,416 5,190
10,606   5,416 5,190
10,606   5,416 5,190
130,200   129,870 330
130,190   129,350 840
130,190   129,350 840
10,348   2,686 7,662
10,348   2,686 7,662
10,348   2,686 7,662
5,734   2,917 2,817
5,734   2,917 2,817
5,734   2,917 2,817
16,599   3,710 12,889
16,599   3,710 12,889
16,599   3,710 12,889
28,841   26,706 2,135
28,841   26,706 2,135
28,841   26,706 2,135
224   745 -521
224   745 -521
224   745 -521
6,015   7,630 -1,615
6,015   7,630 -1,615
6,015   7,630 -1,615
4,920   941 3,979
4,920   941 3,979
4,920   941 3,979
19,602   3,841 15,761
19,602   3,841 15,761
19,602   3,841 15,761
30,000   51,144 -21,144
30,000   51,144 -21,144
30,000   51,144 -21,144
4,520   5,788 -1,268
4,520   5,788 -1,268
4,520   5,788 -1,268
15,710   4,181 11,529
15,710   4,188 11,522
15,710   4,188 11,522
5,261   1,670 3,591
5,261   1,670 3,591
5,261   1,670 3,591
34,063   51,548 -17,485
34,063   51,548 -17,485
34,063   51,548 -17,485
89,975   102,805 -12,830
99,203   113,392 -14,189
99,203   113,392 -14,189
10,254   8,415 1,839
10,254   8,415 1,839
10,254   8,415 1,839
11,375   9,338 2,037
11,375   9,338 2,037
11,375   9,338 2,037
5,199   928 4,271
5,199   928 4,271
5,199   928 4,271
11,198   1,562 9,636
11,198   1,562 9,636
11,198   1,562 9,636
26,307   6,968 19,339
26,307   6,968 19,339
26,307   6,968 19,339
12,456   2,689 9,767
12,456   2,689 9,767
12,456   2,689 9,767
6,239   1,498 4,741
6,239   1,498 4,741
6,239   1,498 4,741
21,089   9,627 11,462
21,089   9,627 11,462
21,089   9,627 11,462
28,753   25,802 2,951
28,753   25,802 2,951
28,753   25,802 2,951
185   188 -3
185   188 -3
185   188 -3
5,232   1,152 4,080
5,232   1,152 4,080
5,232   1,152 4,080
4,232   876 3,356
4,232   876 3,356
4,232   876 3,356
141,328   148,493 -7,165
141,328   148,493 -7,165
141,328   148,493 -7,165
17,800   18,332 -532
17,800   18,332 -532
17,800   18,332 -532
68,400   76,867 -8,467
68,400   76,867 -8,467
68,400   76,867 -8,467
11,010   2,069 8,941
11,010   2,069 8,941
11,010   2,069 8,941
4,454   696 3,758
4,454   696 3,758
4,454   696 3,758
3,367   700 2,667
3,367   700 2,667
3,367   700 2,667
5,145   3,266 1,879
5,145   3,266 1,879
5,145   3,266 1,879
29,429   14,649 14,780
9,216   1,693 7,523
9,216   1,693 7,523
9,216   1,693 7,523
4,802   4,848 -46
4,802   4,848 -46
4,802   4,848 -46
4,269   624 3,645
4,269   624 3,645
4,269   624 3,645
1,638   403 1,235
1,638   403 1,235
1,638   403 1,235
3,399   700 2,699
3,399   700 2,699
3,399   700 2,699
10,855   13,647 -2,792
10,855   13,647 -2,792
10,855   13,647 -2,792
21,760   9,691 12,069
21,760   9,691 12,069
21,760   9,691 12,069
14,101   16,105 -2,004
14,101   16,105 -2,004
14,101   16,105 -2,004
100,000   96,388 3,612
100,000   96,388 3,612
100,000   96,388 3,612
16,836   4,481 12,355
16,836   4,481 12,355
16,836   4,481 12,355
      13,272
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       -83
b       -83
c       -83
d       3,734
e       3,734
      3,734
      2,787
      2,787
      2,787
      11,499
      11,499
      11,499
      -27,417
      -27,417
      -27,417
      555
      555
      555
      4,098
      4,084
      4,084
      -6,970
      -6,970
      -6,970
      -1,398
      -1,398
      -1,398
      -2,761
      -2,761
      -2,761
      5,190
      5,190
      5,190
      330
      840
      840
      7,662
      7,662
      7,662
      2,817
      2,817
      2,817
      12,889
      12,889
      12,889
      2,135
      2,135
      2,135
      -521
      -521
      -521
      -1,615
      -1,615
      -1,615
      3,979
      3,979
      3,979
      15,761
      15,761
      15,761
      -21,144
      -21,144
      -21,144
      -1,268
      -1,268
      -1,268
      11,529
      11,522
      11,522
      3,591
      3,591
      3,591
      -17,485
      -17,485
      -17,485
      -12,830
      -14,189
      -14,189
      1,839
      1,839
      1,839
      2,037
      2,037
      2,037
      4,271
      4,271
      4,271
      9,636
      9,636
      9,636
      19,339
      19,339
      19,339
      9,767
      9,767
      9,767
      4,741
      4,741
      4,741
      11,462
      11,462
      11,462
      2,951
      2,951
      2,951
      -3
      -3
      -3
      4,080
      4,080
      4,080
      3,356
      3,356
      3,356
      -7,165
      -7,165
      -7,165
      -532
      -532
      -532
      -8,467
      -8,467
      -8,467
      8,941
      8,941
      8,941
      3,758
      3,758
      3,758
      2,667
      2,667
      2,667
      1,879
      1,879
      1,879
      14,780
      7,523
      7,523
      7,523
      -46
      -46
      -46
      3,645
      3,645
      3,645
      1,235
      1,235
      1,235
      2,699
      2,699
      2,699
      -2,792
      -2,792
      -2,792
      12,069
      12,069
      12,069
      -2,004
      -2,004
      -2,004
      3,612
      3,612
      3,612
      12,355
      12,355
      12,355
       
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 2 350,063
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 665,629 12,895,702 0.051616
2016 815,908 12,816,370 0.063661
2015 334,139 12,266,288 0.02724
2014 647,175 12,951,401 0.049969
2013 510,666 13,023,635 0.039211
2
Total of line 1, column (d) .....................
2
0.231697
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
0.046339
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
12,983,226
5
Multiply line 4 by line 3......................
5
601,630
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
6,238
7
Add lines 5 and 6........................
7
607,868
8
Enter qualifying distributions from Part XII, line 4,.............
8
668,258
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 6,238
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 6,238
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 6,238
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,768
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 2,768
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 3,470
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletCO
    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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet6325 S RAINBOW BLVD STE 300LAS VEGASNV ZIP+4bullet89118
    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
    WELLS FARGO BANK N A Trustee
    1     		109,132    
    6325 S RAINBOW BLVD STE 300
    LAS VEGAS,NV89118
    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
    12,732,941
    b
    Average of monthly cash balances.......................
    1b
    447,999
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,180,940
    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
    13,180,940
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    197,714
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,983,226
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    649,161
    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
    649,161
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    6,238
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,238
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    642,923
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    642,923
    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
    642,923
    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
    668,258
    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
    668,258
    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
    6,238
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    662,020
    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 7 642,923
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 383,357
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 668,258
    a Applied to 2017, but not more than line 2a 383,357
    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..... 284,901
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		358,022
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    COLORADO COLLEGE
    14 E CACHE LA POUDRE ST
    COLORADO SPRINGS,CO80903     		NONE PC GENERAL OPERATING 213,523
    GRACE EPISCOPAL CHURCH
    601 NORTH TEJON STREET
    COLORADO SPRINGS,CO80903     		NONE PC GENERAL OPERATING 212,964
    PENROSE ST FRANCIS HEALTH FOUNDATION
    2222 N NEVADA AVENUE - 3RD FLOOR
    COLORADO SPRINGS,CO80907     		NONE PC GENERAL OPERATING 213,513
    Total .................................bullet 3a 640,000
    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....     14 366,064  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....       -418  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 350,063  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFEDERAL TAX REFUND     		    1 300  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   716,009  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    716,009
    (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 AccountingFeesSchedule
    Name:
    ALBERT E AND ETHEL I CARLTON FOUNDATION
    EIN:
    84-6331869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 975     975

    TY 2018 InvestmentsOtherSchedule2
    Name:
    ALBERT E AND ETHEL I CARLTON FOUNDATION
    EIN:
    84-6331869
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    464287606 ISHARES S&P MIDCAP 4 AT COST 236,727 542,352
    464287465 ISHARES MSCI EAFE AT COST 466,706 606,780
    254687106 WALT DISNEY CO AT COST 7,488 46,771
    261980668 DREYFUS INTERNATL BO      
    922908553 VANGUARD REIT VIPER AT COST 388,970 594,090
    MI0346228 MIA RECORDING FEE AT COST 1 1
    25243Q205 DIAGEO PLC - ADR AT COST 20,744 49,161
    641069406 NESTLE S.A. REGISTER      
    46625H100 JPMORGAN CHASE & CO AT COST 19,214 91,816
    61174X109 MONSTER BEVERAGE COR      
    262028855 DRIEHAUS ACTIVE INCO      
    517834107 LAS VEGAS SANDS CORP AT COST 45,655 46,380
    G29183103 EATON CORP PLC AT COST 29,313 48,346
    921943858 VANGUARD EUROPE PACI      
    22544R305 CREDIT SUISSE COMM R      
    097023105 BOEING COMPANY AT COST 22,671 101,973
    693390882 PIMCO FOREIGN BD FD      
    89151E109 TOTAL FINA ELF S.A. AT COST 13,322 15,789
    404280406 HSBC - ADR      
    87612E106 TARGET CORP AT COST 14,584 40,091
    464287804 ISHARES TR SMALLCAP AT COST 315,871 762,432
    166764100 CHEVRON CORP AT COST 10,872 34,842
    084670702 BERSHIRE HATHAWAY IN      
    277911491 EATON VANCE FLOATING      
    67065Q772 NUVEEN HIGH YIELD MU      
    172967424 CITIGROUP INC AT COST 54,273 61,440
    25264S833 DIAMOND HILL LONG-SH AT COST 123,439 215,045
    05565QCJ5 BP CAPITAL MARKETS 3 AT COST 78,690 80,471
    MI0346202 GOSHEN, WYOMING, MI AT COST 1 1
    89153VAL3 TOTAL CAPITAL INTL 3 AT COST 77,809 80,630
    58155Q103 MCKESSON CORP      
    911312106 UNITED PARCEL SERVIC AT COST 29,394 51,827
    RE0188509 SEC 1 2, T15S, R70 AT COST 3 30,591
    902973304 US BANCORP DEL NEW      
    150870103 CELANESE CORP AT COST 29,469 72,690
    4812C0803 JPMORGAN HIGH YIELD AT COST 254,200 225,885
    77958B402 T ROWE PRICE INST FL AT COST 246,720 234,960
    12572Q105 CME GROUP INC AT COST 15,860 58,639
    921937819 VANGUARD INTERMEDIAT AT COST 499,159 518,087
    17275R102 CISCO SYSTEMS INC AT COST 32,871 59,150
    315920702 FID ADV EMER MKTS IN      
    464287200 ISHARES S & P 500 IN AT COST 67,219 152,485
    G51502105 JOHNSON CTLS INTL PL      
    GTC997004 GAI CORBIN MULTI STR      
    64128R608 NEUBERGER BERMAN LON AT COST 34,345 38,817
    037833100 APPLE COMPUTER INC C AT COST 25,397 167,913
    231021106 CUMMINS INC.      
    459200101 INTERNATIONAL BUSINE      
    68389X105 ORACLE CORPORATION      
    742537236 PRINCIPAL GL MULT ST AT COST 28,395 27,652
    667999015 GARDEN CITY CO COLOR AT COST 31,049 1,995,280
    03524A108 ANHEUSER-BUSCH INBEV      
    58933Y105 MERCK & CO INC NEW AT COST 42,107 51,996
    20030N101 COMCAST CORP CLASS A      
    63872T885 ASG GLOBAL ALTERNATI AT COST 203,880 197,342
    191216AR1 COCA-COLA CO/THE 3.1 AT COST 78,470 76,024
    922042858 VANGUARD EMERGING MA AT COST 690,676 676,087
    921937827 VANGUARD BD INDEX FD AT COST 495,843 495,374
    MI0346210 GOSHEN, WYOMING, MI AT COST 1 1
    06406HCR8 BANK OF NEW YORK MEL      
    375558103 GILEAD SCIENCES INC AT COST 8,986 28,670
    806857108 SCHLUMBERGER LTD      
    872540109 TJX COS INC NEW AT COST 6,851 29,402
    907818108 UNION PACIFIC CORP AT COST 14,183 67,011
    91324P102 UNITEDHEALTH GROUP I AT COST 13,245 113,715
    589509207 MERGER FUND-INST #30 AT COST 90,118 97,435
    867224107 SUNCOR ENERGY INC NE AT COST 13,291 14,697
    02079K107 ALPHABET INC/CA AT COST 61,623 113,410
    GTY995004 GAI AGILITY INCOME F      
    G0084W101 ADIENT PLC -W/I      
    78463X863 SPDR DJ WILSHIRE INT      
    008252108 AFFILIATED MANAGERS      
    126650100 CVS/CAREMARK CORPORA AT COST 29,016 59,751
    594918104 MICROSOFT CORP AT COST 31,775 172,044
    883556102 THERMO FISHER SCIENT AT COST 9,046 58,886
    38141G104 GOLDMAN SACHS GROUP      
    09247X101 BLACKROCK INC AT COST 45,582 55,404
    464287705 ISHARES S&P MIDCAP 4 AT COST 220,080 486,180
    277923728 EATON VANCE GLOBAL M AT COST 164,179 152,169
    617446448 MORGAN STANLEY AT COST 36,652 35,919
    87234N765 TCW EMRG MKTS INCM-I AT COST 525,000 537,915
    654106103 NIKE INC CL B AT COST 38,937 40,298
    693475105 PNC FINANCIAL SERVIC AT COST 49,795 55,013
    09260C703 BLACKROCK GL L/S CRE AT COST 300,000 307,560
    H84989104 TE CONNECTIVITY LTD AT COST 44,116 46,988
    848574109 SPIRIT AEROSYTSEMS H AT COST 38,734 38,046
    192446102 COGNIZANT TECH SOLUT AT COST 64,834 57,588
    437076102 HOME DEPOT INC AT COST 32,683 42,224
    11135F101 BROADCOM INC AT COST 38,236 39,535
    31641Q755 FIDELITY NEW MRKTS I AT COST 208,950 191,861
    023135106 AMAZON COM INC AT COST 51,179 53,300
    285512109 ELECTRONIC ARTS INC AT COST 39,789 39,042
    316390152 FIDELITY ADV INTL RL AT COST 130,835 137,044
    GTC996442 CORBIN MULTI STRATEG AT COST 300,000 257,131
    512807108 LAM RESEARCH CORP CO AT COST 44,836 60,984
    56501R106 MANULIFE FINANCIAL C AT COST 46,971 47,481
    46429B697 ISHARES MSCI USA MIN AT COST 248,725 247,806
    26875P101 EOG RESOURCES, INC AT COST 14,775 10,397
    755111507 RAYTHEON CO AT COST 32,299 38,198
    52106N459 LAZARD GL LIST INFRA AT COST 140,634 148,434
    609207105 MONDELEZ INTERNATION AT COST 60,388 59,006
    90267B682 ETRACS ALERIAN MLP E AT COST 142,641 121,684
    532457108 ELI LILLY & CO COM AT COST 44,980 44,441
    67065Q558 NUVEEN HIGH YLD MUNI AT COST 297,091 302,978
    GTY999HB4 ASGI AGILITY INCOME AT COST 6,749 6,749
    00206R102 AT & T INC AT COST 48,558 49,075
    31620M106 FIDELITY NATL INFORM AT COST 31,628 33,599
    98978V103 ZOETIS INC AT COST 37,279 47,970

    TY 2018 OtherDecreasesSchedule
    Name:
    ALBERT E AND ETHEL I CARLTON FOUNDATION
    EIN:
    84-6331869
    Description Amount
    MUTUAL FUND TIMING DIFFERENCE 1,585
    COST BASIS ADJUSTMENT 9,101


    TY 2018 OtherExpensesSchedule
    Name:
    ALBERT E AND ETHEL I CARLTON FOUNDATION
    EIN:
    84-6331869
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES-DIVIDEND I 66 66   0
    Rent and Royalty Expense 418      


    TY 2018 OtherIncomeSchedule2
    Name:
    ALBERT E AND ETHEL I CARLTON FOUNDATION
    EIN:
    84-6331869
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FEDERAL TAX REFUND 300 0  


    TY 2018 TaxesSchedule
    Name:
    ALBERT E AND ETHEL I CARLTON FOUNDATION
    EIN:
    84-6331869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,823 1,823   0
    FEDERAL ESTIMATES - PRINCIPAL 2,076 0   0
    FOREIGN TAXES ON QUALIFIED FOR 269 269   0
    FOREIGN TAXES ON NONQUALIFIED 1,657 1,657   0