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 07-01-2018 , and ending 06-30-2019
Name of foundation
Bainum Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)7735 Old Georgetown Road No 1000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Bethesda, MD20814
A Employer identification number

23-7000192
B Telephone number (see instructions)

(240) 450-0000
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$650,199,709J 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) 829,488
2 Check bullet.............
3 Interest on savings and temporary cash investments 42,219 42,219 42,219
4 Dividends and interest from securities... 8,046,207 8,018,938 8,018,938
5a Gross rents............ 1,123,200 1,123,200 1,123,200
b Net rental income or (loss) 1,123,200
6a Net gain or (loss) from sale of assets not on line 10 30,968,351
b Gross sales price for all assets on line 6a 100,423,289
7 Capital gain net income (from Part IV, line 2)... 32,208,827
8 Net short-term capital gain......... 3,277,118
9 Income modifications........... 5,000,000
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 1,417,444 1,176,490 1,176,490
12 Total. Add lines 1 through 11........ 42,426,909 42,569,674 18,637,965
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,494,837 346,022 346,022 1,073,575
14 Other employee salaries and wages...... 4,177,024 75,241 75,241 3,947,720
15 Pension plans, employee benefits....... 1,412,202 86,702 86,702 1,336,727
16a Legal fees (attach schedule)......... Click to see attachment 120,071 61,407 61,407 97,920
b Accounting fees (attach schedule)....... Click to see attachment 156,328 5,244 5,244 161,902
c Other professional fees (attach schedule).... Click to see attachment 12,569,801 3,016,764 3,016,764 9,992,960
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,529,832 50,397 50,397 925,383
19 Depreciation (attach schedule) and depletion... 178,845 0 0
20 Occupancy.............. 296,820 0 0 279,286
21 Travel, conferences, and meetings....... 304,613 7,598 7,598 331,911
22 Printing and publications.......... 15,027 0 0 16,456
23 Other expenses (attach schedule)....... Click to see attachment 4,824,397 7,667 7,668 1,242,413
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,079,797 3,657,042 3,657,043 19,406,253
25 Contributions, gifts, grants paid....... 1,486,665 1,486,665
26 Total expenses and disbursements. Add lines 24 and 25 28,566,462 3,657,042 3,657,043 20,892,918
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,860,447
b Net investment income (if negative, enter -0-) 38,912,632
c Adjusted net income (if negative, enter -0-)... 14,980,922
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............. 802,094 1,968,358 1,968,358
2 Savings and temporary cash investments......... 18,396,553 42,357,418 42,357,418
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 42,009,969 Click to see attachment42,009,969 42,009,969
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 635,157 829,892 829,892
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 163,809,040 Click to see attachment162,860,095 162,860,095
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment28,668,509 28,668,509
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 339,103,670 Click to see attachment308,416,099 308,416,099
14 Land, buildings, and equipment: basis bullet7,655,056
Less: accumulated depreciation (attach schedule) bullet1,526,996 9,404,871 Click to see attachment6,128,060 6,128,060
15 Other assets (describe bullet) Click to see attachment30,833,130 Click to see attachment56,961,309 Click to see attachment56,961,309
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 604,994,484 650,199,709 650,199,709
Liabilities 17 Accounts payable and accrued expenses.......... 2,093,308 2,150,359
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) Click to see attachment2,094,731 Click to see attachment34,252,726
23 Total liabilities (add lines 17 through 22)......... 4,188,039 36,403,085
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.................. 186,473,020 199,486,549
25 Temporarily restricted............... 414,333,425 414,310,075
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........    
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)..... 600,806,445 613,796,624
31 Total liabilities and net assets/fund balances (see instructions). 604,994,484 650,199,709
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
600,806,445
2
Enter amount from Part I, line 27a .....................
2
13,860,447
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
614,666,892
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
870,268
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
613,796,624
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 Adams Fund K-1 P    
b Adams Fund K-1 P    
c Atalaya Asset Income Fund III K-1 P    
d Caryle Partners VII Cayman K-1 P    
e Choice Int'l Common Shares (CHH) D    
Emerging Market Assets P    
Emerging Market Assets P    
Generation IM Global Equity Fund K-1 P    
Generation IM Global Equity Fund K-1 P    
Generation IM Global Equity Fund K-1 UBI P    
Generation IM Global Equity Fund K-1 UBI P    
Georgetown Oppor Fund Series K-1 P    
Georgetown Oppor Fund Series K-1 P    
GMO RGL Distributions P    
GMO RGL Distributions P    
Opportunistic P    
Opportunistic P    
PIMCO Mutual funds P    
Private Equity P    
Private Equity P    
Publicly Traded Securities-Chevy Chase P    
Publicly Traded Securities-Corporate Preferreds P    
Publicly Traded Securities-Fixed Income P    
Publicly Traded Securities-Fixed Income P    
Publicly Traded Securities-MFB Northern Instl Funds P    
Publicly Traded Securities-PIMCO P    
Publicly Traded Securities-Vanguard Mutual Funds P    
Publicly Traded Securities-Vanguard Mutual Funds P    
Publicly Traded Securities-Chevy Chase P    
Real Asset-Rose Housing P    
Real Asset-Rose Housing P    
Real Asset-Turner-Agassi P    
Rose Affordable Housing Pres. Fund K-1 P    
Sale of property and equipment P    
Silver Point Specialty Credit Fund K-1 P    
Silver Point Specialty Credit Fund K-1 P    
Silver Point Specialty Credit Fund K-1 UBI P    
Silver Point Specialty Credit Fund K-1 UBI P    
Vista Equity Partners Fund VII K-1 P    
Turner-Agassi Charter School Facilities Fund II K-1 P    
Wellington Trust Co. K-1 P    
Wellington Trust Co. K-1 P    
Choice Int'l Common Shares (CHH) D    
Dinwiddie Investment-UBI D    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       1,165,533
b       5,610,045
c       -52,159
d       16
e 4,767,699   2,862,000 1,905,699
110,578   121,063 -10,485
7,637,835   6,588,301 1,049,534
      -93,927
      -134,100
84,704   84,704 0
35,172   35,172 0
      270,921
      2,068
3,582,531     3,582,531
92,962     92,962
10,500,000   7,017,990 3,482,010
5,818     5,818
7,010,247   7,002,786 7,461
188,680   147,825 40,855
759,462     759,462
1,042,507   1,080,416 -37,909
1,567,000   1,578,680 -11,680
8,893,408   8,927,085 -33,677
388,770   395,010 -6,240
46     46
5,000,090   5,000,627 -537
670,914   646,804 24,110
13,329,086   10,828,736 2,500,350
724,758   529,394 195,364
254,284   149,765 104,519
323,225   88,297 234,928
141,759   91,915 49,844
      350,421
3,241,164   2,932,900 308,264
      9,773
      5,549
9,557   9,557 0
5,426   5,426 0
      755,851
      -62,221
      857,404
      -705,393
25,378,607   15,392,790 9,985,817
4,677,000   4,677,000 0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,165,533
b       5,610,045
c       -52,159
d       16
e       1,905,699
      -10,485
      1,049,534
      -93,927
      -134,100
      0
      0
      270,921
      2,068
      3,582,531
      92,962
      3,482,010
      5,818
      7,461
      40,855
      759,462
      -37,909
      -11,680
      -33,677
      -6,240
      46
      -537
      24,110
      2,500,350
      195,364
      104,519
      234,928
      49,844
      350,421
      308,264
      9,773
      5,549
      0
      0
      755,851
      -62,221
      857,404
      -705,393
      9,985,817
      0
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 32,208,827
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 3,277,118
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 22,842,574 570,030,559 0.040073
2016 20,819,267 510,616,116 0.040773
2015 20,277,216 426,171,893 0.047580
2014 17,979,265 255,689,731 0.070317
2013 19,608,282 225,884,753 0.086807
2
Total of line 1, column (d) .....................
2
0.285550
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
0.057110
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
581,689,673
5
Multiply line 4 by line 3......................
5
33,220,297
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
389,126
7
Add lines 5 and 6........................
7
33,609,423
8
Enter qualifying distributions from Part XII, line 4,.............
8
25,124,850
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 1 778,253
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........................... 3 778,253
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- ..... 5 778,253
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 565,990
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 315,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 880,990
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 102,737
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet102,737 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDC, MD, VA
    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
    Yes
     
    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 addressbulletwww.bainumfdn.org
    14
    The books are in care ofbulletThe Foundation Telephone no.bullet (240) 450-0000

    Located atbullet7735 Old Georgetown Road Ste 1000BethesdaMD ZIP+4bullet20814
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletCJ
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    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
    Barbara Bainum Chair/CEO/President (Left 07/2019)
    40.00     		399,900 90,532 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Mark R Birmingham CFO/CIO/TREASURER (Left 10/2019)
    40.00     		432,528 90,120 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Rozita La Gorce Green Chief Strategy Officer (Left 4/2019)
    40.00     		301,881 53,698 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Mae Cheung Secretary (Appointed 4/2019)
    35.00     		108,010 14,196 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    David Daniels COO
    40.00     		252,518 69,482 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Alexander Froom Director
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Charles A Ledsinger Director (Left 3/2019)
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Joan Lombardi Director
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Scott Renschler Director
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Kenny Emson Director
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Tammy Mann Director
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Maura Marino Director(Left 12/2019)
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Roberto Rodriguez Director
    1.00     		0 0 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    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
    Angela Deeds Sr. Dir. of Finance
    40.00     		211,949 32,395 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Clara Northington Vice President of Hu
    40.00     		167,787 46,284 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Noel Bravo Sr. Dir. of Program
    40.00     		171,135 35,030 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Ann Egan Sr. Dir. of Communic
    40.00     		161,932 33,967 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Rebecca Cisek Sr. Dir. of Talent a
    40.00     		160,704 7,408 0
    7735 Old Georgetown Road
    Bethesda,MD20814
    Total number of other employees paid over $50,000...................bullet 24
    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
    The Rock Creek Group Investment consulting 444,775
    1133 Conneticut Avenue NW Suite 810
    Washington,DC20036
    George Washington University Programmatic consulting 315,743
    GCAS PO Box 829896
    Philadelphia,PA19182
    Telecommunications Development Corp Programmatic consulting 250,000
    1919 13th Street NW
    Washington,DC20009
    Reinvestment Fund Programmatic consulting 209,694
    1700 Market Street Suite 1900
    Philadelphia,PA19103
    Russell Reynolds Staff recruitment and DEI consulting 143,989
    1700 New York Avenue NW Suite 400
    Washington,DC20006
    Total number of others receiving over $50,000 for professional services.............bullet17
    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 DC Initiative-The D.C. Wards 7 and 8 Initiative includes two bodies of work focused on building capacity and knowledge in practice, policy and research. Early Learning: We support healthy development and learning for infants and toddlers, ages 0 to 3. We are working to create a comprehensive system of supports in the District of Columbia that address children's cognitive, social, emotional and physical development and also provide families with vital wrap-around supports in health, mental wellness and nutrition. School Mental Health: We are researching and implementing best practices to help schools develop high-quality comprehensive school mental health systems that support students' social and emotional well-being. These systems emphasize prevention and early identification of mental health and substance abuse concerns, not just treatment of them. 7,444,462
    2 Food Security Initiative-Our Food Security Initiative works to support regional food solutions that increase healthy-food availability and access for children and communities in the District of Columbia's Wards 7 and 8. In collaboration with the Bainum Foundation Farm LLC, the Food Security Initiative is focused on working with partners to make the regional food system stronger and more equitable. 1,699,365
    3 Seventh-day Adventist Initiative-Our founders Stewart and Jane Bainum largely credit their success in life to their education at Seventh-day Adventist boarding schools. In their honor, the Foundation has long supported faith-based education as part of our mission. Currently, our Seventh-day Adventist (SDA) Initiative team oversees programs that work to ensure excellence in leadership, instruction and business operations while continuing strategic facility investments at faith-based schools. 4,041,403
    4 Family Philanthropy Initiative-The Bainum family awards grants to nonprofit organizations through its Family Fund and Global Education Fund. The Family Fund is managed by a multigenerational group of family members who select grant recipient organizations nationwide. The Global Education Fund supports grants to U.S.-based organizations that engage in improving the quality of early education globally. The Foundation encourages staff philanthropy through a matching gifts program, whereby staff can give to charities of their choosing. 1,595,712
    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 Construction of an early learning center in Florida. 3,636,915
    2 Providing funding for a social enterprise grocery store in the District of Columbia Ward 8. 555,000
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet4,191,915
    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
    266,087,911
    b
    Average of monthly cash balances.......................
    1b
    7,643,813
    c
    Fair market value of all other assets (see instructions)................
    1c
    316,816,167
    d
    Total (add lines 1a, b, and c).........................
    1d
    590,547,891
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) Click to see attachment.............
    1e
    25,098,285
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    590,547,891
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,858,218
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    581,689,673
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    29,084,484
    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
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    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
    20,892,918
    b
    Program-related investments—total from Part IX-B..................
    1b
    4,191,915
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    40,017
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    25,124,850
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    25,124,850
    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  
    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......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    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.....  
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		 
    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) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
    14,980,922 9,564,082 9,816,847 10,330,454 44,692,305
    b 85% of line 2a ......... 12,733,784 8,129,470 8,344,320 8,780,886 37,988,459
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		25,124,850 22,842,574 20,819,267 20,277,216 89,063,907
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		1,486,665 1,923,218 1,971,639 1,074,123 6,455,645
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		23,638,185 20,919,356 18,847,628 19,203,093 82,608,262
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		19,389,656 19,001,019 17,020,537 14,205,730 69,616,942
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    Alice's Kids Inc
    3212 Wessynton Way
    Mount Vernon,VA22309     		  PC General support 50
    American Civil Liberties Union Foundation Inc
    125 Broad Street 18th Floor
    New York,NY10004     		  PC General support 120
    American Civil Liberties Union Foundation Inc
    125 Broad Street 18th Floor
    New York,NY10004     		  PC General operating 100
    American Society For The Prevention Of Cruelty To Animals
    11901 Wornall Road
    Kansas City,MO64145     		  PC General support 50
    Avila University
    6600 Little Falls Road
    Arlington,VA22213     		  PC General support 100
    Bishop O'Connell High School
    23151 Camino Altazano
    Santa Margarita,CA92688     		  PC Gratitude 195
    Bishop Of North American Region Of Sukyo Mahikari
    4900 Puerto Rico Avenue NE
    Washington,DC20017     		  PC General support 222
    Capital Area Food Bank Foundation
    111 Michigan Avenue NW
    Washington,DC20010     		  PC General support 100
    ChildFund International
    2821 Emerywood Parkway
    Richmond,VA23294     		  PC General operating 50,000
    Childrens Hospital Foundation
    124 Estoria Street SE
    Atlanta,GA30316     		  PC General operating 135
    Community Resources for Children
    3299 Claremont Way Suite 1
    Napa,CA94558     		  PC Active Minds School Readiness and Toy Library/Earl 25,000
    Compass Family Services
    37 Grove Street
    San Francisco,CA94102     		  PC Compass Clinical Services 55,000
    Concrete Jungle Inc
    845 3rd Avenue 8th Floor
    Kentfield,NY10022     		  PC Native American Methane Capture 60
    Cool Effect Inc
    1010 Grandin Ave Room B3
    Rockville,MD20851     		  PC General support 40
    Court Appointed Special Advocate Montgomery County Maryland Inc
    324 Blackwell Street Suite 850
    Durham,NC27701     		  PC Trinity College of Arts and Sciences Financial Aid 200
    Duke University
    15 Lebanon Street
    Hanover,NH03755     		  PC general support 20
    Duke University
    324 Blackwell Street Suite 850
    Durham,NC27701     		  PC Trinity College Financial Aid 20
    El Nido Family Centers
    440 Shatto Place
    Los Angeles,CA90020     		  PC General operating 55,555
    Firelight Foundation
    903 Pacific Avenue Suite 307 A
    Santa Cruz,CA95060     		  PC Communities Cultivating Early Childhood Development 107,210
    Firelight Foundation
    903 Pacific Avenue Suite 307 A
    Santa Cruz,CA95060     		  PC Flexible project support for IEFG 10,000
    Florida Keys Healthy Start Coalition Inc
    PO Box 6166
    Key West,FL33041     		  PC Florida Keys Healthy Start Core Family Support Services 55,000
    Global Campaign For Education-US Inc
    1201 16th Street NW
    Washington,DC20036     		  PC General operating 50,000
    Global Fund For Children
    1411 K Street NW 12th Floor
    Washington,DC20005     		  PC Barriers to adolescent girls' education with ECCD 200,000
    Grassroot Soccer Inc
    5 Thomas Circle NW
    Washington,DC20005     		  PC General support 140
    House Of Ruth
    1640 Rhode Island Avenue NW
    Washington,DC20036     		  PC General support 100
    Human Rights Campaign Foundation
    40 Worth Street Room 701
    New York,NY10013     		  PC General support 50
    Innocence Project Inc
    2505 University Boulevard
    Ames,IA50010     		  PC General support 150
    International Child Resource Exchange Institute
    2095 Harrison Street
    San Francisco,CA94110     		  PC Project Commotion 55,555
    International Rescue Committee Inc
    122 East 42nd Street 12th Floor
    New York,NY10168     		  PC Pre-School Healing Classrooms in 7 refugee camps 125,000
    Iowa State University Foundation
    PO Box 928
    Lawrence,KS66044     		  PC General support 100
    Kansas University Endowment Assoc
    2375 Elvans Road SE
    Washington,DC20020     		  PC General support 100
    Lighthouse Central Florida Inc
    2500 Kunze Avenue
    Orlando,FL32806     		  PC Early Intervention 55,555
    LitLab
    120 Linden Street
    Oakland,CA94607     		  PC Richmond Early Learning with kidappolis 55,555
    Martha's Table
    3905 National Drive Suite 280
    Burtonsville,MD20866     		  PC MSA Disaster Relief Fund 75
    Masonic Service Association Education Department
    3100 Broadway Boulevard Suite 400
    Kansas City,MO64111     		  PC General support 20
    Metropolitan Organization To Counter Sexual Assault
    211 North 12th Street
    Lincoln,NE68508     		  PC General operating 100
    National Arbor Day Foundation
    424 E 92nd Street
    New York,NY10128     		  PC General support 65
    Natural Resources Defense Council Inc
    22708 Birchcrest Lane
    Clarksburg,MD20871     		  PC Ride Allegheny 60
    Natural Resources Defense Council Inc
    3039 Troost Avenue
    Kansas City,MO64109     		  PC General support 50
    Nature Conservancy
    600B E Gude Drive
    Rockville,MD20850     		  PC General support 60
    Oneamerica
    1225 S Weller Street Suite 460
    Seattle,WA98144     		  PC Speak Your Language (SPEAK) Campaign 25,000
    Open Arms Perinatal Services
    2524 16th Avenue South 207 A
    Seattle,WA98144     		  PC Birth Doula Services and Outreach Doula Services 35,555
    Operation Breakthrough Inc
    22708 Birchcrest Lane
    Clarksburg,MD20871     		  PC General support 100
    Operation Second Chance Inc
    123 William Street 10th Floor
    New York,NY10038     		  PC General support 26
    Operation Second Chance Inc
    155 Plan Way
    Warwick,RI02886     		  PC General support 25
    Plan International USA Inc
    1305 N Flores Street
    Windcrest,TX78239     		  PC General support 100
    Planned Parenthood Federation Of
    2800 16th Street NW
    Washington,DC20009     		  PC General support 100
    Refugee & Immigrant Center For Education & Legal Services
    2800 16th St NW
    Washington,DC20009     		  PC General support 50
    Reginald S Lourie Center For Infants And Young Children
    12301 Academy Way
    Rockville,MD20852     		  PC Construction Project: Reginald S. Lourie Center 317,777
    San Francisco Friends School
    250 Valencia Street
    San Francisco,CA94103     		  PC General support 100
    San Francisco Friends School
    250 Valencia Street
    San Francisco,CA94103     		  PC General support 100
    Save The Children Federation Inc
    501 Kings Highway East Suite 400
    Fairfield,CT06825     		  PC Strategies for Early Childhood Development Program 125,000
    Scottish Rite Foundation Of The District Of Columbia Inc
    600B E Gude Drive
    Rockville,MD20850     		  PC General support 20
    Scottish Rite Foundation Of The District Of Columbia Inc
    600B E Gude Drive
    Rockville,MD20850     		  PC General support 20
    Smile Train Inc
    633 Third Avenue 9th Floor
    New York,NY10017     		  PC General support 50
    Smile Train Inc
    633 Third Avenue 9th Floor
    New York,NY10017     		  PC General support 50
    Some Inc
    71 O Street NW
    Washington,DC20001     		  PC General support 100
    Some Inc
    71 O Street NW
    Washington,DC20001     		  PC General support 75
    Southern Poverty Law Center Inc
    PO Box 548
    Montgomery,AL36101     		  PC General support 50
    St Helena Preschool For All Inc
    465 Main Street
    St Helena,CA94574     		  PC Scholarship funds for St. Helena Preschool for All 25,000
    Teach For America Inc
    25 Broadway 12th Floor
    New York,NY10004     		  PC General operating 25
    The Montgomery County Coalition For The Homeless Inc
    40 West 20th Street
    New York,NY10011     		  PC General support 150
    The Montgomery County Coalition For The Homeless Inc
    40 West 20th Street
    New York,NY10011     		  PC General support 50
    The Montgomery County Coalition For The Homeless Inc
    4245 Fairfax Drive
    Arlington,VA22203     		  PC General support 100
    University Of Maryland College Park Foundation Inc
    1308 Benjamin Building University
    of Maryland
    College Park,MD20742     		  PC Facilitate Trauma Sensitive Pedagogy 55,000
    University Of The South
    735 University Avenue
    Sewanee,TN37383     		  PC General support 50
    Village Shalom Inc
    5500 West 123rd Street
    Overland Park,KS66209     		  PC General support 30
    Women For Women International
    2000 M Street NW
    Washington,DC20036     		  PC General support 50
    Total .................................bullet 3a 1,486,665
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 42,219  
    4 Dividends and interest from securities.... 900000 27,269 14 8,018,938  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,123,200  
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 900000 240,954 14 20,633  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900000 1,882,059 18 29,086,292  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aNote receivable interest     		    14 1,155,857  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 2,150,282 39,447,139 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    41,597,421
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    Bainum Family Foundation
     
    Employer identification number

    23-7000192
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Bainum Family Foundation
          		Employer identification number
    23-7000192
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Jane Bainum
     
    7735 Old Georgetown Road Suite 1000
     
    Bethesda, MD20814

    		$ 829,488


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Bainum Family Foundation
          		Employer identification number

    23-7000192
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Bainum Family Foundation
          		Employer identification number

    23-7000192
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fees 156,328 5,244 5,244 161,902

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Name of Bond End of Year Book Value End of Year Fair Market Value
    iShares Core U.S. Aggregate Bond ETF 9,991,881 9,991,881
    Doubleline Total Return Bond Fund 18,676,628 18,676,628

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Alphabet / Google Inc Com 370,752 370,752
    Amazon 162,852 162,852
    American Elec Power 386,364 386,364
    Apple Computer 234,535 234,535
    BAC Capital TR XIV 1,660,000 1,660,000
    Choice Hotels International, Inc. 97,459,415 97,459,415
    Citigroup Inc 237,892 237,892
    CME Group 225,168 225,168
    Cognex Corp Com 206,122 206,122
    Cryoport Inc Com 83,338 83,338
    CVS Health Corp 213,928 213,928
    Daifuku Co LTD NPV 297,783 297,783
    Delivery Hero SE NPV 196,062 196,062
    Delta Air Lines 169,115 169,115
    Dominion Resources Inc 475,000 475,000
    Editas Medicine 89,287 89,287
    EOG Resources Inc. Com 163,030 163,030
    Estee Lauder 246,283 246,283
    Fanuc Corp 238,997 238,997
    FLIR Systems 352,840 352,840
    GMO Quality Fund 25,533,314 25,533,314
    Goldman Sachs Capital II 1,620,000 1,620,000
    Goldman Sachs Group 248,180 248,180
    GrubHub Inc 155,278 155,278
    Horizon Discovery 82,970 82,970
    Illumina Inc 415,921 415,921
    IMPINJ 348,277 348,277
    Inditex 201,361 201,361
    ING Groep ADR 210,771 210,771
    Intellia Therapeutics 78,707 78,707
    Inuitive Surgical 199,853 199,853
    JPMorgan Chase 1,432,226 1,432,226
    LVMH Moet Hennessy ADR 196,434 196,434
    MSCI Inc 213,478 213,478
    Nestle ADR 227,377 227,377
    Nike Cl B 250,507 250,507
    Novartis ADR 357,296 357,296
    NVIDIA 77,188 77,188
    Range Resources Corp 74,686 74,686
    Regeneron Pharm 204,389 204,389
    Royal Dutch Shell PLC 260,593 260,593
    Splunk 232,889 232,889
    Square Inc 141,724 141,724
    Sumitomo Mitsui Finl Grp 225,626 225,626
    Terreno Realty Corp 316,161 316,161
    Unilever NV ADR 285,202 285,202
    Vanguard Developed Markets Index Fund 15,642,069 15,642,069
    Vanguard Total Stock Market Index Fund 5,562,841 5,562,841
    Verizon Communications Com 340,438 340,438
    Walt Disney Company 319,076 319,076
    Wells Fargo & Co 2,016,500 2,016,500
    XL Capital LTD 1,920,000 1,920,000

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Atalaya Asset Income Fund III LP FMV 1,793,299 1,793,299
    Avenue Aviation Opportunities Fund II (Offshore), LP FMV 1,770,918 1,770,918
    Cyrus Opportunities Fund II, Ltd** FMV 6,046,841 6,046,841
    FJ Capital Financial Opportunity Fund, Ltd FMV 26,903,871 26,903,871
    New Energy Capital Infrastructure Credit Fund II, L.P.** FMV 62,469 62,469
    Silver Point Specialty Credit Fund, LP FMV 5,149,958 5,149,958
    TCI Real Estate Partners Fund II, LP FMV 5,188,073 5,188,073
    Fairmont Building, LLC Real Estate FMV 989,494 989,494
    Grain Communications Opportunity Fund II, L.P. FMV 309,575 309,575
    IPI Data Center Partners Fund I, LP FMV 3,148,427 3,148,427
    Rose Affordable Housing Preservation Fund IV, L.P. FMV 4,738,924 4,738,924
    Turner-Agassi Charter School Facilities Fund II, L.P. FMV 1,382,686 1,382,686
    Adams Fund Series LLC-Adage Series FMV 35,969,403 35,969,403
    Ellington Enhanced Income Fund, Ltd FMV 10,398,627 10,398,627
    Generation IM Global Equity Fund, LLC FMV 13,902,575 13,902,575
    Kalorama Separate Account Overlook FMV 6,749,279 6,749,279
    Rock Creek Bainum Family Fnd Hedge Fund FMV 119,252,906 119,252,906
    Wellington Emerging Market Local Equity Composite FMV 16,860,531 16,860,531
    AH Bio Fund II, LP** FMV 946,769 946,769
    Andreesen Horowitz Fund V-Q, LP & AH Parallel Fund V-Q, LP** FMV 1,714,659 1,714,659
    Andreessen Horowitz Fund VI-Q, LP FMV 467,500 467,500
    Bond Capital Fund, LP FMV 550,000 550,000
    Carlyle Partners VII, LP FMV 311,072 311,072
    Clayton Dubilier & Rice X LP FMV 963,224 963,224
    Coatue CT XXI LLC (Meituan Co-Invest) FMV 174,847 174,847
    Coatue Kona III Offshore Feeder Fund L.P. FMV 826,715 826,715
    Foundation Capital IX, L.P. FMV 341,762 341,762
    H Capital V, L.P. FMV 502,866 502,866
    Kleiner Perkins Caufield & Byers XVII, LLC** FMV 608,112 608,112
    KPCB Digital Growth Fund III, LLC** FMV 10,900,320 10,900,320
    Owl Ventures II, L.P. FMV 2,015,523 2,015,523
    Owl Ventures III, L.P. FMV 1,481,384 1,481,384
    Silver Lake Partners V, LP FMV 1,083,224 1,083,224
    Tiger Global Private Investment Partners XI, L.P. FMV 2,480,830 2,480,830
    TPG Growth IV, L.P. FMV 370,843 370,843
    Trustbridge Partners VI L.P.** FMV 1,632,177 1,632,177
    Viking Global Opportunities LP** FMV 1,223,551 1,223,551
    Vista Equity Partners Fund VI, L.P. FMV 5,847,362 5,847,362
    Vista Equity Partners Fund VII, L.P. FMV 505,132 505,132
    Vista Foundation Fund III, L.P. FMV 3,172,735 3,172,735
    YC II** FMV 9,677,636 9,677,636

    TY 2018 LandEtcSchedule2
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Computer hardware 311,625 306,197 5,428 5,428
    Furniture and equipment 701,756 358,319 343,437 343,437
    Telephone system 41,973 37,682 4,291 4,291
    Computer software 579,873 579,873 0  
    LHI/Office Expansion 874,841 97,751 777,090 777,090
    Land- Naples, Florida 874,057 0 874,057 874,057
    Bainum Foundation Farm, LLC 3,465,000 0 3,465,000 3,465,000
    LHI/Farm 50,400 7,490 42,910 42,910
    Building Farm LLC 716,356 123,656 592,700 592,700
    Vehicles and farm equipment 39,175 16,028 23,147 23,147


    TY 2018 LegalFeesSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 120,071 61,407 61,407 97,920


    TY 2018 OtherAssetsSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Accrued interest/dividend receivable 464,464 380,379 380,379
    Other receivable 2,556,394 27,564 27,564
    Federal excise tax receivable 180,045 0 0
    Investment related receivables and pending purchases 22,232,227 53,566,358 53,566,358
    Program related investments 5,400,000 955,000 955,000
    Right to use asset   2,032,008 2,032,008


    TY 2018 OtherDecreasesSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Description Amount
    Unrealized loss on investments 753,275
    Change in FMV of pledge donated assets 116,993


    TY 2018 OtherExpensesSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Licensing, dues, and subscriptions 331,848 7,422 7,422 360,198
    Scholarships 564,170 0 0 570,516
    Provision for PRI forgiveness 3,636,915 0 0 0
    Office related expenses 26,795 245 246 38,017
    Insurance 93,981 0 0 89,099
    Equipment and maintenance 130,802 0 0 140,208
    Farm expense 39,886 0 0 44,375


    TY 2018 OtherIncomeSchedule2
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Partnership K-1 Investments 20,633 20,633 20,633
    Partnership K-1 Investments UBI 240,954 0 0
    Note receivable interest 1,155,857 1,155,857 1,155,857


    TY 2018 OtherLiabilitiesSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred federal excise tax payable 2,094,731 2,220,821
    Operating lease liability 0 2,032,008
    Investment related payables 0 29,999,897


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting fees 2,653,072 15,226 15,226 2,555,690
    Investment fees K-1 2,205,937 2,205,937 2,205,937 0
    Investment fees 795,601 795,601 795,601 0
    Partner Agreements 6,701,890 0 0 7,228,988
    Investment fees K-1 UBI 2,690 0 0 0
    Staff recruiting 210,611 0 0 208,282


    TY 2018 OtherReceivablesOfficersSch
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Travel Advance to Officers:  


    Item No. 1
    Borrower's Name Stewart W Bainum Jr
    Borrower's Title  
    Original Amount of Loan 17267698
    Balance Due 17655924
    Date of Note 2014-09
    Maturity Date 2023-09
    Repayment Terms Annual interest payments, balloon payment at maturity
    Interest Rate 2.860000000000
    Security Provided by Borrower Personal guarantee
    Purpose of Loan Purchase of estate assets under exception provisions in 53.4941(d)-3
    Description of Lender Consideration Estate assets
    Consideration FMV 0

    Item No. 2
    Borrower's Name Scott A Renschler
    Borrower's Title  
    Original Amount of Loan 1165050
    Balance Due 1191243
    Date of Note 2014-09
    Maturity Date 2023-09
    Repayment Terms Annual interest payments, balloon payment at maturity
    Interest Rate 2.860000000000
    Security Provided by Borrower Personal guarantee
    Purpose of Loan Purchase of estate assets under exception provisions in 53.4941(d)-3
    Description of Lender Consideration Estate assets
    Consideration FMV 0

    Item No. 3
    Borrower's Name Bruce D Bainum
    Borrower's Title  
    Original Amount of Loan 17449670
    Balance Due 17680273
    Date of Note 2015-01
    Maturity Date 2024-01
    Repayment Terms Annual interest payments, balloon payment at maturity
    Interest Rate 2.750000000000
    Security Provided by Borrower Personal guarantee
    Purpose of Loan Purchase of estate assets under exception provisions in 53.4941(d)-3
    Description of Lender Consideration Estate assets
    Consideration FMV 0

    Item No. 4
    Borrower's Name Todd Renschler
    Borrower's Title  
    Original Amount of Loan 540900
    Balance Due 548007
    Date of Note 2015-01
    Maturity Date 2024-01
    Repayment Terms Annual interest payments, balloon payment at maturity
    Interest Rate 2.750000000000
    Security Provided by Borrower Personal guarantee
    Purpose of Loan Purchase of estate assets under exception provisions in 53.4941(d)-3
    Description of Lender Consideration Estate assets
    Consideration FMV 0

    Item No. 5
    Borrower's Name Brian B Bainum
    Borrower's Title  
    Original Amount of Loan 513855
    Balance Due 520606
    Date of Note 2015-01
    Maturity Date 2024-01
    Repayment Terms Annual interest payments, balloon payment at maturity
    Interest Rate 2.750000000000
    Security Provided by Borrower Personal guarantee
    Purpose of Loan Purchase of estate assets under exception provisions in 53.4941(d)-3
    Description of Lender Consideration Estate assets
    Consideration FMV 0

    Item No. 6
    Borrower's Name Dinwiddie Farms LLC
    Borrower's Title  
    Original Amount of Loan 4356674
    Balance Due 4413916
    Date of Note 2015-01
    Maturity Date 2024-01
    Repayment Terms Annual interest payments, balloon payment at maturity
    Interest Rate 2.750000000000
    Security Provided by Borrower Corporate obligation
    Purpose of Loan Purchase of estate assets under exception provisions in 53.4941(d)-3
    Description of Lender Consideration Estate assets
    Consideration FMV 0


    TY 2018 ReductionExplanationStatement
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Explanation:
    Choice Hotels International Stock(CHH): The Principal sponsors, their descendants, including the CEO and several directors of the Foundation, own an aggregate of 37.48% of the common stock of CHH which is publicly traded in the United States of America. Although voting and dispositive power for the Foundation's CHH shares rests with a committee independent of the family and other affiliates of CHH, as a prudent matter, the Foundation has continued to comply with rule 144 requirements. As of June 30, 2019, the Foundation owned 1,214,672 Shares of CHH stock which represents 2.2% of the total CHH Shares issued and outstanding. The stock is valued at the June 30, 2019 NY stock exchange closing price discounted at 7.9%. The discount is based on an independent appraisal, from June 30, 2019, which was performed in compliance with the uniform standards of professional appraisal practices.

    TY 2018 TaxesSchedule
    Name:
    Bainum Family Foundation
    EIN:
    23-7000192
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal excise tax 1,353,344 0 0 925,383
    Foreign taxes K-1 50,397 50,397 50,397 0
    Deferred excise taxes 126,091 0 0 0