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 12-01-2018 , and ending 11-30-2019
Name of foundation
MARGULF FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)370 17TH STREET SUITE 5110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80202
A Employer identification number

13-2927245
B Telephone number (see instructions)

(720) 642-7258
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$238,404,307J 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) 125,123,595
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,696,407 1,245,829  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -55,195
b Gross sales price for all assets on line 6a 500
7 Capital gain net income (from Part IV, line 2)... 895,487
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 0 -16,108  
12 Total. Add lines 1 through 11........ 126,764,807 2,125,208 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 261,189 4,710 0 256,480
14 Other employee salaries and wages...... 260,423 0 0 260,423
15 Pension plans, employee benefits....... 80,185 696 0 79,489
16a Legal fees (attach schedule)......... Click to see attachment 1,597 0 0 1,408
b Accounting fees (attach schedule)....... Click to see attachment 56,247 0 0 78,067
c Other professional fees (attach schedule).... Click to see attachment 760,724 409,514 0 349,336
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,545 0 0 8,423
19 Depreciation (attach schedule) and depletion... 20,280 0 0
20 Occupancy.............. 42,217 0 0 45,929
21 Travel, conferences, and meetings....... 31,133 0 0 29,737
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 60,786 5,000 0 57,746
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,610,326 419,920 0 1,167,038
25 Contributions, gifts, grants paid....... 5,306,500 5,426,500
26 Total expenses and disbursements. Add lines 24 and 25 6,916,826 419,920 0 6,593,538
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 119,847,981
b Net investment income (if negative, enter -0-) 1,705,288
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............. 880,940 1,010,658 1,010,658
2 Savings and temporary cash investments......... 34,596,749 29,173,343 29,173,343
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).....   5,125,926 5,125,926
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.......... 19,409 10,758 10,758
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).......... 72,570,320 Click to see attachment202,900,275 202,900,275
14 Land, buildings, and equipment: basis bullet191,989
Less: accumulated depreciation (attach schedule) bullet32,442 166,782 159,547 159,547
15 Other assets (describe bullet) Click to see attachment23,800 Click to see attachment23,800 Click to see attachment23,800
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 108,258,000 238,404,307 238,404,307
Liabilities 17 Accounts payable and accrued expenses.......... 32,261 3,376
18 Grants payable................. 330,000 200,000
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 attachment36,989 Click to see attachment33,061
23 Total liabilities (add lines 17 through 22)......... 399,250 236,437
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.................. 107,858,750 238,167,870
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........    
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)..... 107,858,750 238,167,870
31 Total liabilities and net assets/fund balances (see instructions). 108,258,000 238,404,307
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
107,858,750
2
Enter amount from Part I, line 27a .....................
2
119,847,981
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,461,139
4
Add lines 1, 2, and 3 ..........................
4
238,167,870
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
238,167,870
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 CAPITAL GAIN DISTRIBUTION      
b HARBOR SPRING CAPITAL PARTNERS LP P    
c FARALLON CAPITAL INSTITUITIONAL PARTNERS, LP P    
d WELLINGTON TRUST COMPANY P    
e THE SANDERSON INTERNATIONAL VALUE FUND P    
RENAISSANCE INSTITUTIONAL DIVERSIFIED ALPHA FUND P    
SALE OF FIXED ASSETS 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       563,223
b       3,062
c       220,947
d       173,093
e       -55,896
      -7,011
500   2,431 -1,931
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       563,223
b       3,062
c       220,947
d       173,093
e       -55,896
      -7,011
      -1,931
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 2 895,487
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 3,553,817 87,664,618 0.040539
2016 1,974,487 69,974,054 0.028217
2015 2,318,588 18,240,681 0.127111
2014 1,952,034 12,819,260 0.152274
2013 995,099 17,629,883 0.056444
2
Total of line 1, column (d) .....................
2
0.404585
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
0.080917
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
133,215,590
5
Multiply line 4 by line 3......................
5
10,779,406
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
17,053
7
Add lines 5 and 6........................
7
10,796,459
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,605,872
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 34,106
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 34,106
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 34,106
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 23,630
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,630
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 10,476
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 taxBullet   RefundedBullet 11  
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
 
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, DE
    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 ofbulletMARGULF FOUNDATION Telephone no.bullet (720) 642-7258

    Located atbullet370 17TH STREET SUITE 5110DENVERCO ZIP+4bullet80202
    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
     
    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). Click to see attachment
    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
    JEREMY FLUG PRESIDENT
    2.00     		0 0 0
    370 17TH STREET SUITE 5150
    DENVER,CO80202
    RAMSAY STABLER DIRECTOR
    2.00     		0 0 0
    370 17TH STREET SUITE 5150
    DENVER,CO80202
    ELIZABETH AYBAR CONTI EXECUTIVE DIRECTOR
    40.00     		262,176 0 0
    370 17TH STREET SUITE 5110
    DENVER,CO80202
    JERRY BUCK TREASURER AND SECRETARY
    2.00     		0 0 0
    370 17TH STREET SUITE 5150
    DENVER,CO80202
    VICKI STERLING DIRECTOR
    2.00     		0 0 0
    370 17TH STREET SUITE 5150
    DENVER,CO80202
    RICHARD BOERNER DIRECTOR
    2.00     		0 0 0
    370 17TH STREET SUITE 5150
    DENVER,CO80202
    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
    SONYA MARQUES-CORREIA DIRECTOR OF FINANCE
    40.00     		173,690 0 0
    370 17TH STREET SUITE 5110
    DENVER,CO80202
    LOGAN BOON GRANTS COORDINATOR
    40.00     		88,733 0 0
    370 17TH STREET SUITE 5110
    DENVER,CO80202
    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
    IMPACT FOR EDUCATION LLC CONSULTING SERVICES 300,000
    44 HOWARD AVENUE
    NEW HAVEN,CT06519
    MONTICELLO ASSOCIATES INC INVESTMENT SERVICES 160,000
    1800 LARIMER STREET SUITE 2100
    DENVER,CO80202
    WELLINGTON TRUST COMPANY NA INVESTMENT SERVICES 61,111
    PO BOX 412419
    BOSTON,MA02241
    DELOITTE LLP TAX CONSULTING SERVICES 59,390
    PO BOX 844736
    DALLAS,TX752844736
    BOP REPUBLIC PLAZA I LLC PROPERTY MANAGEMENT SERVICES 54,599
    PO BOX 912518
    DENVER,CO802912518
    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 N/A 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    352,104
    b
    Average of monthly cash balances.......................
    1b
    28,453,899
    c
    Fair market value of all other assets (see instructions)................
    1c
    106,438,251
    d
    Total (add lines 1a, b, and c).........................
    1d
    135,244,254
    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
    135,244,254
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,028,664
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    133,215,590
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,660,780
    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
    6,660,780
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    34,106
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    34,106
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,626,674
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,626,674
    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
    6,626,674
    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
    6,593,538
    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
    12,334
    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
    6,605,872
    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
    6,605,872
    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 6,626,674
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 1,308,179
    c From 2015...... 1,406,614
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 2,714,793
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,605,872
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 6,605,872
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 20,802 20,802
    (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 2,693,991
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		2,693,991
    10 Analysis of line 9:
    a Excess from 2014.... 1,287,377
    b Excess from 2015.... 1,406,614
    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
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    2HEARTS
    2055 S ONEIDA STREET SUITE 398
    DENVER,CO80224     		NONE PC GENERAL OPERATING SUPPORT 5,000
    40 SCHOOLS
    612 ANDREW HIGGINS BOULEVARD 3RD
    FLOOR
    NEW ORLEANS,LA70130     		NONE PC GENERAL OPERATING SUPPORT 500,000
    A COLORADO (CO CNDC)
    1390 LAWRENCE STREET SUITE 200
    DENVER,CO80204     		NONE NC GENERAL OPERATING SUPPORT 20,000
    ACE CHARTER SCHOOL
    1100 SHASTA AVENUE 250
    SAN JOSE,CA95126     		NONE PC PROJECT SUPPORT 10,000
    AMERICAN INDIAN ACADEMY OF DENVER
    1580 LOGAN STREET SUITE 210
    DENVER,CO80203     		NONE NC GENERAL OPERATING SUPPORT 10,000
    ANTI-DEFAMATION LEAGUE MOUNTAIN STATES REGION
    1120 LINCOLN STREET 1301
    DENVER,CO80203     		NONE PC GENERAL OPERATING & PROJECT SUPPORT 15,000
    AURORA COMMUNITY SCHOOL
    15550 E 6TH AVENUE UNIT 3
    AURORA,CO80011     		NONE PC GENERAL OPERATING SUPPORT 100,000
    BELLWETHER EDUCATION PARTNERS
    517 BOSTON POST ROAD UNIT 171
    SUDBURY,MA01776     		NONE PC PROJECT SUPPORT 20,000
    BREAKTHROUGH KENT DENVER
    4000 EAST QUINCY AVENUE
    ENGLEWOOD,CO80013     		NONE PC GENERAL OPERATING SUPPORT 50,000
    BROOKLINE TEEN CENTER
    40 ASPINWALL AVENUE
    BROOKLINE,MA02446     		NONE PC GENERAL OPERATING SUPPORT 5,000
    CAMELBACK VENTURES
    612 ANDREW HIGGINS BOULEVARD THIRD
    FLOOR
    NEW ORLEANS,LA70130     		NONE PC PROJECT SUPPORT 250,000
    CHALKBEAT
    1239 BROADWAY 703B
    NEW YORK,NY10001     		NONE PC GENERAL OPERATING SUPPORT 15,000
    CLIMB HIGHER COLORADO
    711 PARK AVENUE WEST SUITE 320
    DENVER,CO80205     		NONE PC GENERAL OPERATING SUPPORT 20,000
    COLLABORATIVE HEALING INITIATIVE WITHIN COMMUNITIES (CHIC)
    5405 E 33RD AVE
    DENVER,CO80207     		NONE PC GENERAL OPERATING SUPPORT 20,000
    COLORADO BALLET
    1075 SANTA FE DRIVE
    DENVER,CO80204     		NONE PC PROJECT SUPPORT 10,000
    COLORADO EDUCATION INITIATIVE
    600 17TH STREET SUITE 1400N
    DENVER,CO80202     		NONE PC PROJECT SUPPORT 57,500
    COLORADO SYMPHONY
    1245 CHAMPA STREET
    DENVER,CO80204     		NONE PC GENERAL OPERATING & PROJECT SUPPORT 10,000
    COLORADO YOUTH CONGRESS (CO HADANOU COLLECTIVE)
    1640 N DOWNING STREET 102
    DENVER,CO80218     		NONE NC GENERAL OPERATING SUPPORT 10,000
    COMPASS ACADEMY
    2285 S FEDERAL BOULEVARD
    DENVER,CO80219     		NONE PC PROJECT SUPPORT 10,000
    COTTONWOOD INSTITUTE
    PO BOX 7067
    DENVER,CO80207     		NONE PC GENERAL OPERATING SUPPORT 5,000
    CREATIVITY CHALLENGE COMMUNITY (CO DPS)
    1551 SOUTH MONROE STREET
    DENVER,CO80210     		NONE NC PROJECT SUPPORT 35,000
    CURIOUS THEATRE COMPANY
    1080 ACOMA STREET
    DENVER,CO80204     		NONE PC PROJECT SUPPORT 2,000
    DENISON UNIVERSITY
    100 W COLLEGE STREET BOX 716
    GRANVILLE,OH43023     		NONE PC GENERAL OPERATING & PROJECT SUPPORT 250,000
    DENVER ART MUSEUM
    100 W 14TH AVENUE PARKWAY
    DENVER,CO80204     		NONE PC PROJECT SUPPORT 10,000
    DENVER CENTER FOR THE PERFORMING ARTS
    1101 13TH STREET
    DENVER,CO80204     		NONE PC PROJECT SUPPORT 10,000
    DENVER PUBLIC SCHOOLS FOUNDATION
    1860 LINCOLN STREET 10TH FLOOR
    DENVER,CO80203     		NONE PC GENERAL OPERATING SUPPORT 10,000
    DIVERSITY TALKS (CO POWER UP RI)
    22 PARSONAGE STREET 290
    PROVIDENCE,RI02903     		NONE NC GENERAL OPERATING SUPPORT 15,000
    DOWNTOWN AURORA VISUAL ARTS
    1405 FLORENCE STREET
    AURORA,CO80010     		NONE PC GENERAL OPERATING SUPPORT 5,000
    EDUCATION LEADERS OF COLOR (EDLOC)
    3680 WILSHIRE BOULEVARD SUITE
    P-04-1052
    LOS ANGELES,CA90010     		NONE PC PROJECT SUPPORT 15,000
    EDUCATION TRUST
    1250 H STREET NW SUITE 700
    WASHINGTON,DC20005     		NONE PC GENERAL OPERATING SUPPORT 15,000
    EL SISTEMA (CO CDNC)
    789 SHERMAN STREET SUITE 250
    DENVER,CO80203     		NONE NC GENERAL OPERATING SUPPORT 10,000
    EMPOWER HIGH SCHOOL (CO HNC)
    PO BOX 473258
    AURORA,CO80047     		NONE NC GENERAL OPERATING SUPPORT 100,000
    FANTASY CAMPS FOR KIDS
    370 17TH STREET SUITE 5150
    DENVER,CO80202     		NONE PF GENERAL OPERATING SUPPORT 10,000
    FRIENDS OF DENVER SCHOOL OF THE ARTS
    7111 MONTVIEW BOULEVARD
    DENVER,CO80220     		NONE PC PROJECT SUPPORT 5,000
    GRIPTAPE (CO AMERICA ACHIEVES)
    100 W 33RD ST SUITE 917 MAILBOX 900
    9TH FLOOR
    NEW YORK,NY10001     		NONE NC GENERAL OPERATING SUPPORT 200,000
    HADANU COLLECTIVE
    1640 N DOWNING STREET 102
    DENVER,CO80218     		NONE PC GENERAL OPERATING SUPPORT 175,000
    LATINOS FOR EDUCATION
    275 PAYSON ROAD
    BELMONT,MA02478     		NONE PC GENERAL OPERATING SUPPORT 15,000
    LAUNCH NETWORK
    5405 E 33RD AVENUE
    DENVER,CO80207     		NONE PC GENERAL OPERATING SUPPORT 150,000
    LEAD FOUNDATION
    POST OFFICE BOX 2516
    COLORADO SPRINGS,CO80901     		NONE PC GENERAL OPERATING SUPPORT 10,000
    MI CASA RESOURCE CENTER
    345 S GROVE ST
    DENVER,CO80219     		NONE PC PROJECT SUPPORT 15,000
    MOONSHOT EDVENTURES
    3461 RINGSBY COURT UNIT 315
    DENVER,CO80216     		NONE PC GENERAL OPERATING & PROJECT SUPPORT 250,000
    MUSIC AT MENLO
    50 VALPARAISO AVENUE
    ATHERTON,CA94027     		NONE PC PROJECT SUPPORT 30,000
    NATIONAL COUNCIL ON TEACHER QUALITY
    5614 CONNECTICUT AVENUE NW 331
    WASHINGTON,DC20015     		NONE PC GENERAL OPERATING SUPPORT 15,000
    NEW LEGACY CHARTER HIGH SCHOOL
    2091 DAYTON STREET
    AURORA,CO80010     		NONE PC PROJECT SUPPORT 15,000
    NEWSCHOOLS VENTURE FUND
    1616 FRANKLIN STREET 2ND FLOOR
    OAKLAND,CA94612     		NONE PC PROJECT SUPPORT 500,000
    ONETILT
    1342 FLORIDA AVENUE NW
    WASHINGTON,DC20009     		NONE PC GENERAL OPERATING SUPPORT 15,000
    OPERA COLORADO
    4121 S NAVAJO STREET SUITE 100
    ENGLEWOOD,CO80110     		NONE PC PROJECT SUPPORT 10,000
    PAHARA INSTITUTE
    340 SOUTH LEMON AVENUE 2927
    WALNUT,CA91789     		NONE PC GENERAL OPERATING SUPPORT 250,000
    PARK HILL COLLECTIVE IMPACT
    3475 HOLLY STREET UNIT B
    DENVER,CO80207     		NONE PC GENERAL OPERATING SUPPORT 15,000
    FOUNDATION TO BE NAMED LATER (CO PHILANTHROPY MASSACHUSETTS)
    133 FEDERAL STREET SUITE 802
    BOSTON,MA02110     		NONE NC GENERAL OPERATING SUPPORT 5,000
    PLATTEFORUM
    2400 CURTIS STREET SUITE 100
    DENVER,CO80205     		NONE PC GENERAL OPERATING SUPPORT 4,000
    PROMISE54
    2414 HERRING ROAD SW 42967
    ATLANTA,GA30311     		NONE PC GENERAL OPERATING SUPPORT 15,000
    RADCLIFFE INSTITUTE FOR ADVANCED STUDY
    POST OFFICE BOX 419209
    BOSTON,MA02241     		NONE PC PROJECT SUPPORT 10,000
    REACH OUT AND READ COLORADO
    1660 S ALBION ST 905
    DENVER,CO80222     		NONE PC GENERAL OPERATING SUPPORT 2,000
    REDLINE
    2350 ARAPAHOE STREET
    DENVER,CO80205     		NONE PC PROJECT SUPPORT 10,000
    RESCHOOL
    730 17TH STREET SUITE 950
    DENVER,CO80202     		NONE PC GENERAL OPERATING SUPPORT 200,000
    RINO GIVES BACK
    3501 WAZEE STREET SUITE 109
    DENVER,CO80216     		NONE PC PROJECT SUPPORT 100,000
    RISE COLORADO
    1595 ELMIRA STREET SUITE 201
    AURORA,CO80010     		NONE PC GENERAL OPERATING SUPPORT 300,000
    RISE UP YOGA
    3520 LEYDEN STREET
    DENVER,CO80207     		NONE PC GENERAL OPERATING SUPPORT 5,000
    ROARING FORK SCHOOL DISTRICT
    1405 GRAND AVENUE
    GLENWOOD SPRINGS,CO81601     		NONE PC PROJECT SUPPORT 325,000
    SB'S RECREATION CENTER
    1710 S BUCKLEY ROAD UNIT 9
    AURORA,CO80017     		NONE PC GENERAL OPERATING SUPPORT 5,000
    SCHOLARS UNLIMITED
    3401 QUEBEC ST SUITE 5010
    DENVER,CO80207     		NONE PC GENERAL OPERATING SUPPORT 2,000
    SHINING STARS FOUNDATION
    POST OFFICE BOX 2790
    WINTER PARK,CO80482     		NONE PC GENERAL OPERATING SUPPORT 10,000
    SOUTH HIGH SCHOOL (CO DPS)
    1700 E LOUISIANA AVENUE
    DENVER,CO80210     		NONE NC GENERAL OPERATING SUPPORT 12,000
    ST ANNE'S EPISCOPAL SCHOOL
    2701 SOUTH YORK STREET
    DENVER,CO80210     		NONE PC PROJECT SUPPORT 50,000
    ST ELIZABETH'S SCHOOL
    2350 GAYLORD STREET
    DENVER,CO80205     		NONE PC PROJECT SUPPORT 35,000
    SURGE INSTITUTE
    935 W CHESTNUT STREET SUITE 515
    CHICAGO,IL60642     		NONE PC GENERAL OPERATING SUPPORT 250,000
    TEACH FOR AMERICA
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PC PROJECT SUPPORT 20,000
    THE EQUITY LAB
    4828 ILLINOIS AVE NW
    WASHINGTON,DC20011     		NONE PC PROJECT SUPPORT 150,000
    TOOLS OF THE MIND
    PO BOX 829
    SHIRLEY,MA01464     		NONE PC GENERAL OPERATING SUPPORT 10,000
    TRANSCEND
    159 LINCOLN AVENUE
    HASTINGSONHUDSON,NY10706     		NONE PC GENERAL OPERATING SUPPORT 250,000
    TRANSFORMING EDUCATION
    115 BROAD STREET 4TH FLOOR
    BOSTON,MA02110     		NONE PC PROJECT SUPPORT 20,000
    UNIVERSITY OF COLORADO FOUNDATION
    SCHOOL OF PUBLIC AFFAIRS 1380
    LAWRENCE STREET CENTER SUITE 500
    DENVER,CO80204     		NONE PC PROJECT SUPPORT 10,000
    VISIONS PERFORMING ARTS COMPANY
    11651 E IOWA AVENUE
    AURORA,CO80012     		NONE PC PROJECT SUPPORT 20,000
    VIVE WELLNESS
    4100 XAVIER STREET
    DENVER,CO80212     		NONE PC GENERAL OPERATING SUPPORT 5,000
    VOCAL COALITION (CO HNC)
    1640 N DOWNING STREET 102
    DENVER,CO80218     		NONE NC PROJECT SUPPORT 15,000
    WAKE FOREST UNIVERSITY
    UNIVERSITY ADVANCEMENT POST OFFICE
    BOX 7227
    WINSTONSALEM,NC27109     		NONE PC PROJECT SUPPORT 100,000
    WE ARE FARMILY (CO HNC)
    1640 N DOWNING STREET 102
    DENVER,CO80218     		NONE NC GENERAL OPERATING SUPPORT 15,000
    WONDERBOUND
    2535 EAST 40TH AVENUE
    DENVER,CO80205     		NONE PC GENERAL OPERATING SUPPORT 2,000
    YAASPA
    POST OFFICE BOX 202092
    DENVER,CO80220     		NONE PC GENERAL OPERATING SUPPORT 5,000
    YOUTH EMPOWERMENT BROADCASTING ORGANIZATION (YEBO)
    1640 N DOWNING STREET 102
    DENVER,CO80218     		NONE NC GENERAL OPERATING SUPPORT 175,000
    Total .................................bullet 3a 5,436,500
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,696,407  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -55,195  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,641,212 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,641,212
    (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.)
    8 NOT APPLICABLE
    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
    MARGULF FOUNDATION
     
    Employer identification number

    13-2927245
    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
    MARGULF FOUNDATION
          		Employer identification number
    13-2927245
    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
    MARTIN R FLUG ESTATE
     
    370 17TH STREET SUITE 5150
     
    DENVER, CO80202

    		$ 122,605,213


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    GT TRUST
     
    C/O TUTHILL HUGHES LLP 55 MADISON S
     
    DENVER, CO80206

    		$ 2,518,382


    (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
    MARGULF FOUNDATION
          		Employer identification number

    13-2927245
    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
    1
    		 PROMISSORY NOTE $ 5,658,729 2019-10-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 INTEREST IN VARIOUS ALTERNATIVE INVESTMENTS $ 2,641,800 2019-10-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 INTEREST IN VARIOUS ALTERNATIVE INVESTMENTS $ 49,180,281 2019-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 INTEREST IN VARIOUS ALTERNATIVE INVESTMENTS $ 46,802,350 2019-11-30
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 INTEREST IN VARIOUS ALTERNATIVE INVESTMENTS $ 7,465,892 2019-07-31
    (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
    MARGULF FOUNDATION
          		Employer identification number

    13-2927245
    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:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 56,247 0 0 78,067

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    A COLORADO
          		1390 LAWERENCE STREET SUITE 200
    DENVER,CO80204     		2019-10-03 20,000 A+ COLORADO IS AN ADVOCACY ORGANIZATION THAT PROMOTES PERMANENT, SUSTAINABLE, AND CONSTANT IMPROVEMENT IN COLORADO PUBLIC SCHOOLS. THEIR GOAL IS TO CONSOLIDATE A CONSENSUS AROUND EDUCATION REFORM AT THE LEADERSHIP LEVEL OF THE COMMUNITY. A+ LEVERAGES THAT CONSENSUS VOICE TO CREATE BROAD SUPPORT FOR TRANSFORMATIVE POLICY AND PRACTICE CHANGES THAT IMPROVE ACADEMIC PERFORMANCE. 0 NONE REQUESTED   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    COLORADO YOUTH CONGRESS
          		1640 N DOWNING STREET 102
    DENVER,CO80218     		2019-07-25 10,000 COLORADO YOUTH CONGRESS TRAINS AND TEACHES DIVERSE COMMUNITIES OF YOUNG PEOPLE TO LEAD SYSTEMS CHANGE. THEY BRING TOGETHER HIGH SCHOOL STUDENTS FROM URBAN, SUBURBAN AND RURAL COMMUNITIES ACROSS COLORADO - FROM ALL RACIAL, SOCIOECONOMIC AND POLITICAL BACKGROUNDS - TO BUILD A COMMUNITY AND LEARN WHAT IT TAKES TO LEAD CHANGE IN A COMPLEX WORLD. 0 NONE REQUESTED   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    EL SISTEMA
          		789 SHERMAN STREET SUITE 250
    DENVER,CO80203     		2019-05-29 10,000 EL SISTEMA COLORADO IS A VISIONARY MOVEMENT THAT TRANSFORMS THE LIVES OF CHILDREN THROUGH MUSIC; A NEW MODEL FOR SOCIAL CHANGE. THEIR MISSION IS TO EMPOWER CHILDREN BY PROVIDING AN INTENSIVE MUSIC PROGRAM THAT TEACHES THE IMPORTANCE OF TEAMWORK, PROMOTES SELF-CONFIDENCE, AND INSTILLS THE VALUE OF SOCIAL RESPONSIBILITY. 0 NONE REQUESTED   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    EMPOWER HIGH SCHOOL
          		PO BOX 473258
    AURORA,CO80047     		2019-06-06 100,000 EMPOWER HIGH SCHOOL HAS BUILT AN EDUCATIONAL PROGRAM CENTERED IN AUTHENTIC REAL-WORLD WORK, INFORMED BY COMMUNITY NEEDS AND LED BY STUDENTS. THEY BELIEVE STUDENTS DEVELOP A STRONG SENSE OF AGENCY OVER THEIR ACADEMIC LEARNING AND PROGRESS WHEN THEY DESIGN AND PERSONALIZE THEIR OWN EDUCATIONAL EXPERIENCES. 58,333 NONE JANUARY 31, 2020   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    VOCAL COALITION
          		1640 N DOWNING STREET 102
    DENVER,CO80218     		2019-04-03 15,000 VOCAL COALITION IS A DENVER-BASED YOUTH CHOIR PROGRAM THAT'S GIVING OUR COMMUNITY SOMETHING SPECIAL TO BELIEVE IN. AT VOCAL COALITION (VOCO), THEY BELIEVE THAT WHEN WE BROADCAST OUR HOPE THROUGH MUSIC TOGETHER, THE WORLD BECOMES A BETTER PLACE. THROUGH YOUTH CHOIR CONCERTS, VOCO HOLDS SPACE FOR YOUNG PEOPLE AND AUDIENCES TO BROADCAST THEIR HOPE THROUGH MUSIC SO THAT EVEN IN DIVIDED TIMES, PEOPLE CAN STILL UNITE TO ACKNOWLEDGE EACH OTHERS HUMANITY. 15,000 NONE SEPTEMBER 30, 2019   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    WE ARE FARMILY
          		1640 N DOWNING STREET 102
    DENVER,CO80218     		2019-05-14 15,000 WE ARE FARMILY IS A NON-PROFIT EDUCATIONAL CENTER THAT IS FOCUSED ON SUSTAINABLE PRACTICES, OUTDOOR EDUCATION, SOCIAL & EMOTIONAL HEALTH WITH THE SUPPORT OF A MAKERSPACE. THROUGH LEARNING SUSTAINABLE PRACTICES AND INCREASING SELF-RELIANCE; STUDENTS, THEIR FAMILIES & THEIR COMMUNITIES CAN CREATE THE LIVES THEY IMAGINE FOR THEMSELVES. 15,000 NONE JANUARY 31, 2020   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    YOUTH EMPOWERMENT BROADCASTING ORGANIZATION (YEBO)
          		1640 N DOWNING STREET 102
    DENVER,CO80218     		2019-11-15 175,000 YEBO IS AN INTENSIVE ACCELERATOR PROGRAM THAT SITS WITHIN AND BEYOND A TRADITIONAL SCHOOL SETTING THAT LEVERAGES THE POWER OF MEDIA TO TRANSFORM THE LEARNING EXPERIENCES OF STUDENTS IN GRADES 5-12. THE PROGRAM IS A CALL TO ACTION TO STUDENTS TO DESIGN AND EXECUTE THEIR OWN MEDIA ENTERPRISES THAT UPLIFT STORIES FROM THE MARGINS, INTERROGATE INEQUITIES, AND ACTIVATE CRITICAL THINKING IN AUDIENCES. 0 NONE REQUESTED   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    DIVERSITY TALKS
          		22 PARSONAGE STREET 290
    PROVIDENCE,RI02903     		2019-11-15 15,000 DIVERSITY TALKS SPECIALIZES IN PROVIDING STUDENT-LED PROFESSIONAL DEVELOPMENT GROUNDED IN DIVERSITY, EQUITY, AND INCLUSION. THEY WORK TO INCREASE THE CULTURAL COMPETENCE OF ADULTS BY FOSTERING A HEALING SPACE FOR ADULTS AND YOUTH TO HAVE CULTURALLY RELEVANT AND RESPONSIVE CONVERSATIONS. 0 NONE REQUESTED   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    FOUNDATION TO BE NAMED LATER
          		133 FEDERAL STREET SUITE 802
    BOSTON,MA02110     		2019-11-14 5,000 FOUNDATION TO BE NAMED LATER IS DEDICATED TO IMPROVING LIVES THROUGH EDUCATION, LEADERSHIP AND THE HEALTHY DEVELOPMENT OF YOUTH AND FAMILIES. THEY PROVIDE DIRECT PETER GAMMONS COLLEGE SCHOLARSHIPS AND PARTNER WITH NONPROFITS THAT BENEFIT URBAN YOUTH AND FAMILIES CONCENTRATING ON LEADERSHIP, EDUCATION AND HEALTHY DEVELOPMENT. 0 NONE REQUESTED   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    AMERICAN INDIAN ACADEMY OF DENVER
          		1580 LOGAN STREET SUITE 210
    DENVER,CO80203     		2019-04-03 10,000 AMERICAN INDIAN ACADEMY OF DENVER'S MISSION IS TO COLLABORATE WITH STUDENTS, EDUCATORS, FAMILIES, AND COMMUNITY MEMBERS IN CREATING A SCHOOL WHERE INDIGENOUS PRINCIPLES AND KNOWLEDGE ARE PLACED IN A STUDENT-DRIVEN STEAM CURRICULUM TO PREPARE ALL STUDENTS TO BE COLLEGE, CAREER, AND LIFE READY. THE GRANT WAS PROVIDED FOR AN EDUCATIONAL SEMINAR THAT OCCURRED IN 2019 FOR STUDENTS AND FAMILIES. 10,000 NONE JANUARY 31, 2020   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    FANTASY CAMP FOR KIDS
          		370 17TH STREET SUITE 5150
    DENVER,CO80202     		2019-11-20 10,000 CAMPS FOR KIDS FOUNDATION GIVES YOUNGSTERS WITH PHYSICAL CHALLENGES THE OPPORTUNITY TO IMPROVE THEIR SKILLS BY PARTICIPATING IN A ONE-DAY CLINIC HOSTED BY THEIR MAJOR LEAGUE HEROES. THE PROGRAM HELPS THEM GAIN THE CONFIDENCE, ON AND OFF THE FIELD, WHILE GIVING THEM A CHANCE TO IMPROVE THE SKILLS WITH THEIR LOCAL HOME TEAM, WHICH INCLUDES THE MLB, NFL AND NBA TEAMS. 0 NONE REQUESTED   FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).

    TY 2018 InvestmentsOtherSchedule2
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SANDERSON INT. VALUE FUND FMV 15,310,435 15,310,435
    SEMPER VIC PARTNERS QP FMV 18,403,024 18,403,024
    WELLINGTON SELECT LEADERS FMV 10,563,958 10,563,958
    IMPALA FUND FMV 4,769,571 4,769,571
    HARBOUR SPRINGS FMV 6,711,778 6,711,778
    OAKMARK FMV 8,844,592 8,844,592
    EDGEWOOD GROWTH FMV 15,821,317 15,821,317
    BLACKROCK STRATEGIC FMV 10,622,941 10,622,941
    PIMCO FMV 14,573,235 14,573,235
    RENAISSANCE FMV 7,621,575 7,621,575
    MARSHALL WALLACE FMV 5,866,458 5,866,458
    ANCHORAGE FMV 4,081,074 4,081,074
    FARALLON CAPITAL INVESTMENT FMV 7,728,628 7,728,628
    ISHARES CORE S&P 500 ETF FMV 5,140,716 5,140,716
    MATTHEWS PACIFIC TIGER INSTL. FMV 5,296,216 5,296,216
    OWL VENTURES FUND III FMV 1,189,175 1,189,175
    DAVIDSON KEMPNER CAPITAL MANAGEMENT LP FMV 7,571,156 7,571,156
    FARALLON EQUITY PARTNERS INTL LTD FMV 18,135,354 18,135,354
    GOVERNORS LANE OFFSHORE FUND LTD FMV 6,602,836 6,602,836
    GQG PARTNERS EMERGING MARKETS EQUITY FUND FMV 6,004,213 6,004,213
    HIGHCLERE INTL INVESTORS SMID FUND FMV 7,945,200 7,945,200
    INDUS SELECT FUND LP FMV 5,089,326 5,089,326
    JUNTO CAPITAL PARTNERS LP FMV 6,365,697 6,365,697
    PARK MEADOWS, LLC FMV 2,188,300 2,188,300
    CETCOM ASSOCIATES, LP FMV 453,500 453,500

    TY 2018 LegalFeesSchedule
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,597 0 0 1,408


    TY 2018 OtherAssetsSchedule
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 23,800 23,800 23,800
    PARMAC LLC 0 0 0


    TY 2018 OtherExpensesSchedule
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 5,242 5,000 0 242
    PERMITS, LICENCES AND FEES 2,837 0 0 -250
    OFFICE AND MISCELLANEOUS EXPENSE 17,430 0 0 18,229
    PROGRAM EXPENSE 405 0 0 405
    PHONE AND INTERNET 34,872 0 0 39,120


    TY 2018 OtherIncomeSchedule2
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 0 -16,108  


    TY 2018 OtherIncreasesSchedule
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Description Amount
    UNREALIZED GAIN 10,461,139


    TY 2018 OtherLiabilitiesSchedule
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Description Beginning of Year - Book Value End of Year - Book Value
    LEASEHOLD LIABILITY 36,989 33,061


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL ADVISOR FEES 160,000 160,000 0 0
    OTHER CONSULTING FEES 340,565 0 0 338,691
    INVESTMENT MGMT. FEES 249,514 249,514 0 0
    RETIREMENT PLAN CONSULTING FEES 10,645 0 0 10,645


    TY 2018 TaxesSchedule
    Name:
    MARGULF FOUNDATION
    EIN:
    13-2927245
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX PAYMENT 27,000 0 0 0
    PROPERTY TAXES 8,295 0 0 8,423
    STATE TAXES PAID 250 0 0 0